Government National Mortgage Association Guaranteed Multiclass Securities Rule

FR: Government National Mortgage Association

Published March 20th, 1995

Detected March 14th, 2026

Summary

The Government National Mortgage Association (Ginnie Mae) issued a final rule concerning its Guaranteed Multiclass Securities program. This rule establishes new regulations for securities guaranteed by Ginnie Mae, impacting mortgage-backed securities and their issuance.

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What changed

This document is a final rule from the Government National Mortgage Association (Ginnie Mae), published on February 17, 1995, with an effective date of March 20, 1995. It pertains to the Government National Mortgage Association Guaranteed Multiclass Securities program, establishing regulations under 24 CFR parts 390 and 395. The rule, identified by Docket No. R-95-1698 and FR-3554-F-01, likely introduces or modifies requirements for the structure, issuance, or guarantee of multiclass mortgage-backed securities.

Entities involved in the issuance or management of Ginnie Mae guaranteed securities, such as financial institutions, fund managers, and investors, should review the specific provisions within 24 CFR parts 390 and 395 to ensure compliance with the new or amended regulations by the March 20, 1995 effective date. While no specific penalties are detailed in this summary, non-compliance with Ginnie Mae regulations can lead to the suspension of guarantees or other enforcement actions.

What to do next

Review 24 CFR parts 390 and 395 for specific requirements related to Ginnie Mae Guaranteed Multiclass Securities.
Ensure all relevant internal processes and documentation align with the regulations effective March 20, 1995.

Source document (simplified)

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Rule

Government National Mortgage Association Guaranteed Multiclass Securities

A Rule by the Government National Mortgage Association on 02/17/1995

Document Details Published Content - Document Details Agencies Department of Housing and Urban Development Government National Mortgage Association Agency/Docket Numbers Docket No. R-95-1698 FR-3554-F-01 CFR 24 CFR 390 24 CFR 395 Document Citation 60 FR 9530 Document Number 95-3853 Document Type Rule Pages 9530-9532
(3 pages) Publication Date 02/17/1995 Published Content - Document Details
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Document Details Published Content - Document Details Agencies Department of Housing and Urban Development Government National Mortgage Association Agency/Docket Numbers Docket No. R-95-1698 FR-3554-F-01 CFR 24 CFR 390 24 CFR 395 Document Citation 60 FR 9530 Document Number 95-3853 Document Type Rule Pages 9530-9532
(3 pages) Publication Date 02/17/1995 Published Content - Document Details

- Document Dates Published Content - Document Dates Effective Date 1995-03-20 Dates Text March 20, 1995. Published Content - Document Dates

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Published Document: 95-3853 (60 FR 9530) This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

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Published Document: 95-3853 (60 FR 9530)