Prospectus GNMA II Single-Family Mortgages {HUD-11717-II}

HUD 11717-II - PROSPECTUS GINNIE MAE II MORTGAGE-BACKED SECURITIES (SINGLE-FAMILY MORTGAGES). This form is used in the Ginnie Mae II Mortgage-Backed Securities (MBS) Program for single-family mortgages. It provides a standardized prospectus for securities backed by various mortgage pool types, including SF, FS, JM, RG, ET, and BD. Issuers prepare this document when submitting pools electronically or when dealing with multiple issuer pools. The form details essential financial information such as principal amounts, interest rates, and maturity dates. It also outlines key program requirements, disclosure obligations, and representations regarding mortgage characteristics, such as loan modifications, prepayment factors, and high-balance mortgage limitations. The document ensures transparency for investors by detailing Ginnie Mae’s guaranty, which is backed by the full faith and credit of the U.S. government, and explaining the book-entry and certificated registration processes for securities. www.FormsWorkflow.com