SingleFamilyPOA.pdf

Exhibit 3

LIMITED POWER OF ATTORNEY

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION, a corporation organized and existing under the laws of the United States of America, having its principal place of business in Washington, D.C.

(“Ginnie Mae”) hereby appoints _____________________., as its true and lawful attorney-in-fact, in its name, place and stead, and for its benefit, in connection with Ginnie Mae-owned mortgage pooled loans described in that certain Contract Number ____________, entered into by and between Ginnie Mae and _____________________., dated _______________ (“Contract”) for the purpose of performing all acts and executing all documents in the name of Ginnie Mae necessary and incidental to transfer of said loans, including but not limited to:

1. Acceptance of money due or to become due from borrowers and collection of past due amounts;

2. Those acts necessary to comply with regulations and requirements of the United States Department of Veteran’s Affair, the United States Department of housing and Urban Development, and any other government entity or state or federal law;

3. Foreclosing delinquent loans, accepting deeds in lieu of foreclosure or otherwise acquiring title to mortgage properties;

4. Filing and processing claims and accepting claim proceeds from mortgage insurance or loan guarantee claims paid and endorsing to the order of _____________________, Inc., any checks which are made payable to the order of Ginnie Mae;

5. Appearing, litigating and compromising any matter in any court either as plaintiff or defendant;

6. Selling, transferring, or disposing of real property acquired through foreclosure or otherwise and executing all contracts, agreements, deeds, assignments and other instruments necessary to effect any such sale, transfer, or disposition and to receive proceeds checks made payable to the order of Ginnie Mae;

7. Preparing, executing and delivering satisfactions, cancellations, discharges, full or partial reconveyances or full or partial release of lien; appointing substitute trustee(s), entering into assumption agreements;

8. Preparing, executing and delivering deeds to vest title to properties in the Secretary of Housing and Urban Development, or the Administration of Veteran’s Affairs;

9. Endorsing promissory notes from Ginnie Mae to ___________________________., and executing assignments from Ginnie Mae to ___________________________, of mortgages, deeds of trusts, deeds to secure debt, and other security instruments securing said promissory notes;

10. Any and all such other acts of any kind and nature whatsoever ___________________________, may find necessary to transfer said loans.

Ginnie Mae further grants to the ____________________________., full power and authority to do an perform all acts necessary to effect the ownership interest of _________________________, pursuant to the Contract, to carry into effect the powers granted by or under this limited power of attorney as fully as Ginnie Mae might or could do with the same validity as if all and every such act had been herein particularly stated, expressed, and especially provided for.

This limited power of attorney shall be effective as of ________________ and shall continue in full force and effect until ___________________ unless extended or revoked in writing by Ginnie Mae.

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION

(Corporate Seal) By: _______________________________________________ Assistant Vice President

Attest:

Assistant Secretary

State

County

On this _______________ before me, the undersigned, a Notary Public in ___________________, personally appeared ___________________ and ____________________, personally known to me to be the persons who executed the within instrument as the Assistant Vice President and Assistant Secretary, respectively, on behalf of the corporation therein named and they duly severally acknowledged said instrument to be the act and deed of said corporation and that they executed said instrument and affixed the corporate seal for the purposes therein contained.

Witness my hand and seal.

(Notary Seal)