{"data":{"id":"us/24-cfr-320.8","jurisdiction":"us","citation":"24 CFR 320.8","heading":"Excess Yield Securities.","body":"(a) Definition. Excess Yield Securities are securities backed by the excess servicing income relating to mortgages underlying previously issued Ginnie Mae mortgage-backed securities.\n(b) GNMA guaranty. The Association guarantees the timely payment of interest as provided by the terms of the security.","path":["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","PART 320—GUARANTY OF MORTGAGE-BACKED SECURITIES","Subpart A—Pass-Through Type Securities"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-24.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:55Z","sha256":"c8509beab3685d03c502191bb70ab32424026d289da5d2868018876b47cf8265","source_id":"us-cfr","stale":true,"prev":"us/24-cfr-320.7","next":"us/24-cfr-320.9"},"notice":"GroundRules: Original legal text. Not legal advice."}