Text
Title 24: Housing and Urban Development
Subtitle B: Regulations Relating to Housing and Urban Development (Continued)
CHAPTER III: GOVERNMENT NATIONAL MORTGAGE ASSOCIATION, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
PART 320: GUARANTY OF MORTGAGE-BACKED SECURITIES
Subpart A: Pass-Through Type Securities
320.13 - Guaranty.
The Association guarantees the timely payment, whether or not collected, of the interest on the outstanding balance and the specified principal installments on securities that are registered on Ginnie Mae's central registry. The Association's guaranty is backed by the full faith and credit of the United States.
[64 FR 34107, June 24, 1999]
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