source:
  type: regulation
  id: gnma-mbs-ch28
  authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
  description: "Ginnie Mae MBS Guide Chapter 28 (Growing Equity Mortgage Pools And Loan Packages). New-source fetch\
    \ + gap-fill (verbatim). \n"
obligations:
- id: gnma-mbs-ch28-0
  canonical_id: gnma-mbs-ch28-0
  section: Ginnie Mae MBS Guide Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
  description: 'Ch.28 Growing Equity Mortgage Pools And Loan Packages: : 2010-07-01 This chapter describes special
    requirements that apply for a pool or loan package of growing equity mortgages. The requirements described in
    this chapter may modify, supplement or, in some cases, repeat for the purpose of emphasis those set forth in
    previous chapters…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_28.pdf
    snapshot_id: 179982fe68200215
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:d4b501c0c7b933985d303f4ceff5d47b8900a9ab28b42656460c6d77d6f39806
    paragraph_quote: ': 2010-07-01 This chapter describes special requirements that apply for a pool or loan package
      of growing equity mortgages. The requirements described in this chapter may modify, supplement or, in some
      cases, repeat for the purpose of emphasis those set forth in previous chapters with respect to mortgage eligibility,
      pool and loan package requirements, required pool and loan package submission documents, payments of principal,
      securities marketing disclosures, and administering pools and loan packages. The pool suffix is “GA” or “GD”.
      The two pool types may be referred to collectively as “GEM” pools or loan packages. GEM pools can be formed
      under both the Ginnie Mae I MBS Program and the Ginnie Mae II MBS Program. Growing equity loans are loans
      on which monthly payments increase annually at a predetermined rate over the life of the loans or for a period
      of years. The two GEM pool designations have the following meanings: (1) “GA” identifies pools or loan packages
      of mortgages on which monthly payments increase 4 percent annually over the life of the loans; and (2) “GD”
      identifies pools or loan packages of mortgages on which monthly payments increase annually at a rate acceptable
      to FHA or VA, for a number of years acceptable to FHA or VA.'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 28 PDF, snapshot 179982fe68200215;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch28-1
  canonical_id: gnma-mbs-ch28-1
  section: Ginnie Mae MBS Guide Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
  description: 'Ch.28 Growing Equity Mortgage Pools And Loan Packages: MORTGAGE ELIGIBILITY, POOL, AND LOAN PACKAGE
    REQUIREMENTS The mortgage eligibility, pool and loan package requirements that apply, with limited exceptions,
    to all pool types are found in MBS Guide, Ch. 9. The requirements for SF pools and loan packages found in MBS
    Guide, Ch. 24 …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_28.pdf
    snapshot_id: 179982fe68200215
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:d4b501c0c7b933985d303f4ceff5d47b8900a9ab28b42656460c6d77d6f39806
    paragraph_quote: MORTGAGE ELIGIBILITY, POOL, AND LOAN PACKAGE REQUIREMENTS The mortgage eligibility, pool and
      loan package requirements that apply, with limited exceptions, to all pool types are found in MBS Guide, Ch.
      9. The requirements for SF pools and loan packages found in MBS Guide, Ch. 24 also apply for GEM pools and
      loan packages, except as modified by this section. Section A. Mortgage Eligibility Requirements
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 28 PDF, snapshot 179982fe68200215;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch28-2
  canonical_id: gnma-mbs-ch28-2
  section: Ginnie Mae MBS Guide Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
  description: 'Ch.28 Growing Equity Mortgage Pools And Loan Packages: : 2010-07-01 All of the following mortgage
    eligibility requirements apply to both GA and GD pools and loan packages. (1) Amortization: A GEM must not require
    repayment in equal monthly installments. The amortization schedule of each pooled GEM provides for principal
    to be repaid …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_28.pdf
    snapshot_id: 179982fe68200215
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:d4b501c0c7b933985d303f4ceff5d47b8900a9ab28b42656460c6d77d6f39806
    paragraph_quote: ': 2010-07-01 All of the following mortgage eligibility requirements apply to both GA and GD
      pools and loan packages. (1) Amortization: A GEM must not require repayment in equal monthly installments.
      The amortization schedule of each pooled GEM provides for principal to be repaid faster than under a single
      family, level payment mortgage. The first year''s payments are equal to those of a level payment loan; subsequent
      monthly payments, however, increase annually. These periodic increases are at a predetermined rate and continue
      for a predetermined number of years, both established at the time of closing of the loan. No loan may be extended
      or re-amortized during the life of the pool. (2) Buydowns: GEM loans are not eligible for buydown consideration'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 28 PDF, snapshot 179982fe68200215;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch28-3
  canonical_id: gnma-mbs-ch28-3
  section: Ginnie Mae MBS Guide Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
  description: 'Ch.28 Growing Equity Mortgage Pools And Loan Packages: : 2010-07-01 (1) Minimum pool and loan package
    balances: As of the date of issue, each GEM custom pool, other than a pool formed pursuant to a BFP, must have
    an original principal amount of at least $500,000. As of the date of issue, each GEM loan package must have
    an original pr…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_28.pdf
    snapshot_id: 179982fe68200215
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:d4b501c0c7b933985d303f4ceff5d47b8900a9ab28b42656460c6d77d6f39806
    paragraph_quote: ': 2010-07-01 (1) Minimum pool and loan package balances: As of the date of issue, each GEM
      custom pool, other than a pool formed pursuant to a BFP, must have an original principal amount of at least
      $500,000. As of the date of issue, each GEM loan package must have an original principal amount of at least
      $25,000. (2) Pool and loan package composition: Subject to MBS Guide, Ch. 28, Part 2, § A(2), a GEM pool or
      loan package must contain only GA mortgages or only GD mortgages.'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 28 PDF, snapshot 179982fe68200215;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch28-4
  canonical_id: gnma-mbs-ch28-4
  section: Ginnie Mae MBS Guide Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
  description: 'Ch.28 Growing Equity Mortgage Pools And Loan Packages: REQUIRED DOCUMENTS The procedures and basic
    document requirements for submission of all pools and loan packages are found in MBS Guide, Ch. 10, 11, and
    13. Section A. For Certification by Document Custodian'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_28.pdf
    snapshot_id: 179982fe68200215
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:d4b501c0c7b933985d303f4ceff5d47b8900a9ab28b42656460c6d77d6f39806
    paragraph_quote: REQUIRED DOCUMENTS The procedures and basic document requirements for submission of all pools
      and loan packages are found in MBS Guide, Ch. 10, 11, and 13. Section A. For Certification by Document Custodian
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 28 PDF, snapshot 179982fe68200215;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch28-5
  canonical_id: gnma-mbs-ch28-5
  section: Ginnie Mae MBS Guide Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
  description: 'Ch.28 Growing Equity Mortgage Pools And Loan Packages: : 2021-07-28 The loan documents required
    for initial and final certification of a GEM pool or loan package by the document custodian are the same as
    those discussed in MBS Guide, Ch. 13, Part 7. They are summarized in the following table:'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_28.pdf
    snapshot_id: 179982fe68200215
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:d4b501c0c7b933985d303f4ceff5d47b8900a9ab28b42656460c6d77d6f39806
    paragraph_quote: ': 2021-07-28 The loan documents required for initial and final certification of a GEM pool
      or loan package by the document custodian are the same as those discussed in MBS Guide, Ch. 13, Part 7. They
      are summarized in the following table:'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 28 PDF, snapshot 179982fe68200215;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch28-6
  canonical_id: gnma-mbs-ch28-6
  section: Ginnie Mae MBS Guide Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
  description: 'Ch.28 Growing Equity Mortgage Pools And Loan Packages: , Rev. 1 28-2 ginniemae.gov Document Form
    Number Appendix For Initial Certification Schedule of Pooled Mortgages HUD 11706 III-7 Release of Security Interest,
    executed original, if applicable HUD 11711A III-5 Certification and Agreement, executed original HUD 11711B
    III-5 Origina…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_28.pdf
    snapshot_id: 179982fe68200215
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:d4b501c0c7b933985d303f4ceff5d47b8900a9ab28b42656460c6d77d6f39806
    paragraph_quote: ', Rev. 1 28-2 ginniemae.gov Document Form Number Appendix For Initial Certification Schedule
      of Pooled Mortgages HUD 11706 III-7 Release of Security Interest, executed original, if applicable HUD 11711A
      III-5 Certification and Agreement, executed original HUD 11711B III-5 Original notes (or, in the case of modified
      loans, the original notes executed for the modifications) or other evidences of indebtedness, endorsed in
      blank, without recourse For nonprofit agency section 203(k) loans, FHA affordable housing program letters
      For Final Certification Original recorded mortgages (or, in the case of modified loans, the recorded original
      mortgages, the related original notes, the modification agreements, and any required subordination agreements
      and/or title endorsements) All recorded interim assignments Evidence of good title (e.g., mortgage title insurance
      policies)'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 28 PDF, snapshot 179982fe68200215;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch28-7
  canonical_id: gnma-mbs-ch28-7
  section: Ginnie Mae MBS Guide Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
  description: 'Ch.28 Growing Equity Mortgage Pools And Loan Packages: Evidence of mortgage insurance or guaranty
    provided by FHA, VA, RD, or PIH. In lieu of an original MIC signed by FHA or LGC signed by VA, electronic confirmation
    from FHA Connection or VA’s TAS is acceptable.'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_28.pdf
    snapshot_id: 179982fe68200215
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:d4b501c0c7b933985d303f4ceff5d47b8900a9ab28b42656460c6d77d6f39806
    paragraph_quote: Evidence of mortgage insurance or guaranty provided by FHA, VA, RD, or PIH. In lieu of an original
      MIC signed by FHA or LGC signed by VA, electronic confirmation from FHA Connection or VA’s TAS is acceptable.
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 28 PDF, snapshot 179982fe68200215;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch28-8
  canonical_id: gnma-mbs-ch28-8
  section: Ginnie Mae MBS Guide Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
  description: 'Ch.28 Growing Equity Mortgage Pools And Loan Packages: : 2010-07-01 The GEM pool and loan package
    documents required for approval by Ginnie Mae are the same as those discussed in MBS Guide, Ch. 10, Part 3,
    except as modified below. (1) Schedule of Subscribers and Ginnie Mae Guaranty Agreement, form HUD 11705 (Appendix
    III-6), which m…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_28.pdf
    snapshot_id: 179982fe68200215
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:d4b501c0c7b933985d303f4ceff5d47b8900a9ab28b42656460c6d77d6f39806
    paragraph_quote: ': 2010-07-01 The GEM pool and loan package documents required for approval by Ginnie Mae are
      the same as those discussed in MBS Guide, Ch. 10, Part 3, except as modified below. (1) Schedule of Subscribers
      and Ginnie Mae Guaranty Agreement, form HUD 11705 (Appendix III-6), which must indicate in the block “Type
      of Issue” that the pool is to be “X,” “C,” or “M” and in the block “Pool Type” that the securities are to
      be either "GA" or "GD" securities. (2) Schedule of Pooled Mortgages, form HUD 11706 (Appendix III-7), which
      must list in the column for Monthly Constant (P&I) just the fixed installment constant (FIC) applicable to
      the payment for the first month the loan is in the pool or loan package. (3) If a Ginnie Mae I pool or a Ginnie
      Mae II custom pool is submitted in paper submission format, a prospectus, form HUD 11712 (Appendix IV-6) or
      form HUD 11712-II (Appendix IV-23), which must be modified, if appropriate, in accordance with MBS Guide,
      Ch. 24, Part 2, § B(3)(b)(iii). (4) A BFP certification (Appendix III-12) if required pursuant to MBS Guide,
      Ch. 28, Part 2 and Ch. 24, Part 2, § B(2). The following table lists the specific pool or loan package documents
      required by the PPA for approval of GEM pools. Document Name Form Number Appendix Schedule of Subscribers
      and Ginnie Mae Guaranty Agreement HUD 11705 III-6 Schedule of Pooled Mortgages HUD 11706 III-7 Master Servicing
      Agreement HUD 11707 III-1 Master Agreement for Servicer''s Principal and Interest Custodial Account HUD 11709
      III-2 Master Agreement for Servicer''s Escrow Custodial Account HUD 11720 III-3 Master Custodial Agreement
      HUD 11715 III-4 Prospectus (for Ginnie Mae I pools and Ginnie Mae II custom pools submitted in paper format)
      HUD 11712 or 11712-II IV-6 or IV-23 BFP certification, if required III-12'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 28 PDF, snapshot 179982fe68200215;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch28-9
  canonical_id: gnma-mbs-ch28-9
  section: Ginnie Mae MBS Guide Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
  description: 'Ch.28 Growing Equity Mortgage Pools And Loan Packages: : 2010-07-01 Graduated Payment Mortgage or
    Growing Equity Mortgage Pool or Loan Package Composition, form HUD 11748-A (Appendix VI-6). This pool or loan
    package composition listing provides the Issuer the information needed to determine the monthly fixed installment
    control for t…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_28.pdf
    snapshot_id: 179982fe68200215
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:d4b501c0c7b933985d303f4ceff5d47b8900a9ab28b42656460c6d77d6f39806
    paragraph_quote: ': 2010-07-01 Graduated Payment Mortgage or Growing Equity Mortgage Pool or Loan Package Composition,
      form HUD 11748-A (Appendix VI-6). This pool or loan package composition listing provides the Issuer the information
      needed to determine the monthly fixed installment control for the pool or loan package at any future date.'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 28 PDF, snapshot 179982fe68200215;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch28-10
  canonical_id: gnma-mbs-ch28-10
  section: Ginnie Mae MBS Guide Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
  description: 'Ch.28 Growing Equity Mortgage Pools And Loan Packages: : 2010-07-01 Preparation and delivery of
    the securities through the depository are described in MBS Guide, Ch. 12. The text of GEM securities held in
    certificated form is set forth in Appendix IV-11 for the Ginnie Mae I MBS Program and Appendix IV-25 for the
    Ginnie Mae II MBS Pro…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_28.pdf
    snapshot_id: 179982fe68200215
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:d4b501c0c7b933985d303f4ceff5d47b8900a9ab28b42656460c6d77d6f39806
    paragraph_quote: ': 2010-07-01 Preparation and delivery of the securities through the depository are described
      in MBS Guide, Ch. 12. The text of GEM securities held in certificated form is set forth in Appendix IV-11
      for the Ginnie Mae I MBS Program and Appendix IV-25 for the Ginnie Mae II MBS Program. A partial statement
      of the terms of GPM securities held in uncertificated form is set forth in Appendix IV- 17 for the Ginnie
      Mae I MBS Program and Appendix IV-27 for the Ginnie Mae II MBS Program. This section describes additional
      requirements for securities backed by GEM pools. GEM securities must be clearly differentiated from other
      types of Ginnie Mae MBS in all forward market and other transactions. Therefore: In all communications relating
      to such transactions, an Issuer of a custom pool or loan package must clearly disclose that the securities
      to be delivered are backed by a GA pool or a GD pool. Also, before delivery, Issuers must obtain for their
      records from each dealer or investor to which the Issuer is selling securities a confirmation statement clearly
      disclosing the nature of the pool underlying the securities to be delivered. An Issuer must retain these confirmation
      statements as records subject to Ginnie Mae''s right of inspection. The GEM securities are distinguishable
      from other Ginnie Mae MBS by the suffix "GA" or "GD" in each pool number.'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 28 PDF, snapshot 179982fe68200215;
      substring-verified. New-source fetch.
  judgment: false
- id: gnma-mbs-ch28-11
  canonical_id: gnma-mbs-ch28-11
  section: Ginnie Mae MBS Guide Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
  description: 'Ch.28 Growing Equity Mortgage Pools And Loan Packages: : 2010-07-01 Generally applicable administration
    requirements for all pool and loan package types are described in MBS Guide, Ch. 14 through 20. This section
    describes additional requirements for the computation of payments on GEM pools and loan packages. Scheduled
    recovery of pr…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - gnma-mbs-guide
  - section-complete
  primary_source:
    tier: 1
    authority: Ginnie Mae MBS Guide (5500.3, Rev. 1) Chapter 28 — Growing Equity Mortgage Pools And Loan Packages
    source_class: gnma-mbs-guide
    source_url: https://www.ginniemae.gov/issuers/program_guidelines/MBSGuideLib/Chapter_28.pdf
    snapshot_id: 179982fe68200215
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:d4b501c0c7b933985d303f4ceff5d47b8900a9ab28b42656460c6d77d6f39806
    paragraph_quote: ': 2010-07-01 Generally applicable administration requirements for all pool and loan package
      types are described in MBS Guide, Ch. 14 through 20. This section describes additional requirements for the
      computation of payments on GEM pools and loan packages. Scheduled recovery of principal is determined as follows:
      On each annual anniversary date of the loan the FIC will increase by a predetermined percentage rate, pursuant
      to the terms of the mortgage. The difference between the applicable year''s FIC and the interest due is the
      scheduled principal due.'
    drafter_attestation: Verbatim paragraph from Ginnie Mae MBS Guide Chapter 28 PDF, snapshot 179982fe68200215;
      substring-verified. New-source fetch.
  judgment: false
