Prospectus Supplement-Ginnie Mae II Home Equity Conversion Mortgage-Backed Securities {HUD-11776-II}

Appendix IV-30 - PROSPECTUS SUPPLEMENT GINNIE MAE II HOME EQUITY CONVERSION MORTGAGE-BACKED SECURITIES. This is a financial disclosure document issued by the Government National Mortgage Association (Ginnie Mae) to provide detailed information about a specific issuance of mortgage-backed securities backed by Home Equity Conversion Mortgages. This supplement is to be read alongside the Base Prospectus dated June 1, 2014, and contains key terms of the offering, such as the pool number, issue date, interest rate, initial and final distribution dates, and servicing details. The securities described in the document are guaranteed by Ginnie Mae for the timely payment of principal and interest, and that guaranty is backed by the full faith and credit of the U.S. government. The HECM MBS are based on participations in advances made under FHA-insured reverse mortgages designed for senior homeowners. These mortgages do not require borrower repayment until a maturity event occurs, such as the borrower’s death, property sale, or extended absence from the home. Interest accrues over time and is added to the outstanding principal balance, which is ultimately repaid through borrower prepayment, property sale, or Ginnie Mae Issuer purchase events. This prospectus supplement also details payment structures, risks, optional and mandatory purchase events by Ginnie Mae Issuers, distribution mechanics, servicing obligations, federal tax implications, and book-entry registration of securities. The supplement includes statistical annexes describing the specific mortgages underlying the securities. Investors are cautioned to review all associated risk factors and consider how maturity events, prepayments, and other variables may impact returns. www.FormsWorkflow.com