24 CFR § 320.27 - Mortgages.

---
identifier: "/us/cfr/t24/s320.27"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 320.27 - Mortgages."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "320.27"
section_name: "Mortgages."
chapter_name: "GOVERNMENT NATIONAL MORTGAGE ASSOCIATION, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
part_number: "320"
part_name: "GUARANTY OF MORTGAGE-BACKED SECURITIES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1721(g) and 1723a(a); and 42 U.S.C. 3535(d)."
regulatory_source: "60 FR 42015, Aug. 14, 1995, unless otherwise noted."
cfr_part: "320"
---


# 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.