24 CFR 320.8

§ 320.8 Excess Yield Securities.

United States · 24 CFR — Housing and Urban Development · Status: effective

Cite this

Citation: 24 CFR 320.8, § 320.8 Excess Yield Securities, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100614
Permanent ID: ys:prov:100614@1
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Full text

(a) Definition. Excess Yield Securities are securities backed by the excess servicing income relating to mortgages underlying previously issued Ginnie Mae mortgage-backed securities. (b) GNMA guaranty. The Association guarantees the timely payment of interest as provided by the terms of the security.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.