Prospectus GNMA II Adjustable Rate Mortgages {HUD-11772-II}

HUD-11772-II - PROSPECTUS GNMA II ADJUSTABLE RATE MORTGAGES. This form is a prospectus for Ginnie Mae II Mortgage-Backed Securities (MBS) that represent adjustable-rate mortgages (ARMs). The document is issued by the Government National Mortgage Association (Ginnie Mae), which is a wholly-owned corporate instrumentality of the United States Department of Housing and Urban Development. Ginnie Mae II MBS are backed by a pool of mortgage loans, and investors in these securities receive payments from the underlying mortgages' principal and interest payments. The prospectus provides information about the adjustable-rate nature of the underlying mortgages, how interest rates are adjusted, the government guarantee on timely payment of principal and interest, tax aspects, denominations, servicing of the mortgages, and other relevant details for potential investors. www.FormsWorkflow.com