GINNIE MAE 5500

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Appendix VI-2
Form Letter For Loan Repurchase
(Prepared On Issuer Letterhead)
                      OMB Approval No. 2503-0033 (Exp. 11/30/2008)
Public reporting for this information collection is estimated to average 2 minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information.  This agency may not collect this information, and you are not required to submit this form, unless it displays a valid OMB control number.  
The information is required by Section 306(g) of the National Housing Act or by the Ginnie Mae Handbook, 5500.3, Rev. 1.  The purpose is to provide a format to request removal of a specific loan from a pool. The information will not be disclosed except as required by law.
_______________________________________________________________________________________

Applicability:  Ginnie Mae I MBS Program and Ginnie Mae II MBS Program.

_____________________


Government National Mortgage Association
ATTN:  Office of Mortgage-Backed Securities
451 Seventh Street, S.W. Room B-133
Washington, D.C.  20410-9000

Ladies and Gentlemen:

This is a request to purchase defective loan(s) that prevent final pool certification within the prescribed time-frame out of Ginnie Mae pools.  I certify that as of the date of this request (name of institution) does not have in its possession nor do I believe that (name of institution) will be able to obtain a valid Mortgage Insurance Certificate (MIC), Loan Guaranty Certificate (LGC), Loan Note Guaranty (LNG), or Certificate of Loan Guarantee (CLG) for each of the loans listed on the attached Exhibit A.
I have stated on Exhibit A a detailed reason why FHA, VA, RHS, or PIH has not issued an MIC, LGC, LNG or CLG.
I certify that I have not knowingly and willfully made or used a document or writing containing any false, fictitious, or fraudulent statement or entry.  18 U.S.C. 1001 provides that whoever does so within the jurisdiction of any department or agency of the United States shall be fined not more than $10,000 or imprisoned for not more than five years, or both.
	Yours truly,


	Signature
	Title
	Date

Enclosure(s)


EXHIBIT A
BUY OUT REQUEST

The following loans are ineligible for FHA Insurance, VA Guaranty, RHS Guaranty, or PIH Guaranty and will be bought out at par if approved by Ginnie Mae.



ISSUER’S GNMA ID #
POOL NUMBER/
BORROWER LOAN #
FHA-VA-RHS-PIH
CASE NO.
INTEREST
RATE
DATE OF FIRST
PAYMENT
DATE OF LAST PAYMENT
ORIGINAL PRINCIPAL BALANCE
UNPAID REMAINING PRINCIPAL BALANCE
REASON FOR REPURCHASE