CFR > Title 24 - Housing and Urban Development > SUBTITLE B—Regulations Relating to Housing and Urban Development > CHAPTER III—GOVERNMENT NATIONAL MORTGAGE ASSOCIATION, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (parts 300 to 351) > PART 320—GUARANTY OF MORTGAGE-BACKED SECURITIES > SUBPART B—Bond-Type Securities (§320.21 to §320.33) > 320.27—Mortgages.

320.27—Mortgages.

Guaranteed securities issued under these provisions must be based on and backed by mortgages pooled under trust arrangements satisfactory to the Association. Such mortgages must meet the requirements of the Bond Guide.