The HUD 11706 form, also known as the Schedule of Pooled Mortgages, is a critical document within the U.S. Department of Housing and Urban Development, particularly for dealings with the Government National Mortgage Association (Ginnie Mae). This form plays a significant role in the management and administration of mortgage-backed securities, serving as a means to record and track various details of mortgages that have been aggregated or "pooled" for investment purposes. It encompasses a wide array of information, including but not limited to, the interest rates of mortgages (highest and lowest), weighted average, Ginnie Mae pool/loan package numbers, alongside key data points related to the loans such as the issuer's name, type of loans, original and unpaid principal balances, and detailed information regarding adjustable-rate loans. Moreover, it provides instructions for custodians on the verification and certification of the mortgages within the pool, ensuring compliance with Ginnie Mae's guidelines. The form is designed to facilitate public reporting, with an estimated completion time, and underscores the importance of possessing a valid OMB control number for collection legitimacy. With its comprehensive structure, the HUD 11706 form underscores the meticulous processes involved in managing mortgage-backed securities and highlights the stringent regulatory environment governing these financial instruments.
| Question | Answer |
|---|---|
| Form Name | Form Hud 11706 |
| Form Length | 4 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 1 min |
| Other names | pooled form, 11706 form, hud hud11706 form, hud 11706 printable |