TERMS SHEET This terms sheet contains selected information for quick reference only. You should read this Supplement, particularly "Risk Factors," and the Multifamily Base Offering Circular. Sponsor:    Nomura Securities International, Inc. Co-Manager:    Wachovia Capital Markets, LLC Trustee:    Wells Fargo Bank, N.A. Tax Administrator:    The Trustee Closing Date:    August 30, 2006 Distribution Date:    The 16th day of each month or, if the 16th day is not a Business Day, the first Business Day thereafter, commencing in September 2006. Composition of the Trust Assets:    The Ginnie Mae Multifamily Certificates will consist of 66 fixed rate Ginnie Mae Project Loan Certificates that have an aggregate balance of approxi- mately $262,325,596 as of the Cut-off-Date. Certain  Characteristics  of  the  Ginnie  Mae  Multifamily  Certificates  and  the  Related Mortgage Loans Underlying the Trust Assets(1): The Ginnie Mae Multifamily Certificates and the related Mortgage Loans will have the following characteristics, aggregated on the basis of the applicable FHA insurance program: FHA Insurance Program/538 Guaranty Program Principal Balance Number of Trust Assets Percent of Total Balance Weighted Average Mortgage Interest Rate Weighted Average Certificate Rate Weighted Average Original Term to Maturity(2) (in months) Weighted Average Remaining Term to Maturity (in months) Weighted Average Period from Issuance(2) (in months) Weighted Average Remaining Lockout Period (in months) Weighted Average Total Remaining Lockout and Prepayment Penalty Period (in months) 221(d)(4)............  $103,040,206 18 39.28% 6.124% 5.872% 476 463 13 37 101 232/223(f) .......... 31,781,249 6 12.12 6.353 6.103 383 354 28 11 91 223(f)................ 30,704,706 7 11.70 5.813 5.553 395 389 6 19 116 207/223(f) .......... 16,490,692 8 6.29 5.900 5.630 405 402 3 22 120 220 .................. 15,062,173 3 5.74 6.175 5.925 458 456 3 45 114 241 .................. 14,319,676 3 5.46 6.423 6.173 379 370 9 22 103 223(a)(7)............ 12,951,865 9 4.94 6.665 6.402 414 384 29 9 84 232 .................. 12,746,472 3 4.86 6.886 6.636 444 391 53 34 127 232/223(a)(7) ...... 12,109,885 2 4.62 5.681 5.431 353 351 2 24 120 241/223(a)(7) ...... 5,687,312 1 2.17 5.500 5.250 287 265 22 3 99 221(d)(4)/223(a)(7) 4,064,292 4 1.55 6.449 5.984 328 319 9 34 97 538 .................. 2,394,780 1 0.91 7.230 6.300 463 458 5 99 147 223(d) .............. 972,287 1 0.37 8.750 8.500 334 256 78 0 43 Total / Weighted Average ............ 262,325,596 66 100.00% 6.175% 5.912% 427 412 15 28 105 (1)As of August 1, 2006 (the "Cut-off Date"); includes Ginnie Mae Multifamily Certificates added to pay the Trustee Fee. Some of the columns may not foot due to rounding. (2)Based on the issue date of the related Ginnie Mae Multifamily Certificate. The  information  contained  in  this  chart  has  been  collected  and  summarized  by  the Sponsor and the Co-Manager based on publicly available information, including the disclosure documents  for  the  Ginnie  Mae  Multifamily  Certificates.  See  "The  Ginnie  Mae  Multifamily Certificates – The Mortgage Loans" and Exhibit A to this Supplement. Lockout  Periods  and  Prepayment  Penalties:    Certain  of  the  Mortgage  Loans  prohibit voluntary prepayments during specified lockout periods with remaining terms that range from 0 to  99  months.  The  Mortgage  Loans  have  a  weighted  average  remaining  lockout  period  of approximately 28 months. Certain of the Mortgage Loans provide for payment of Prepayment Penalties during specified periods beginning on the applicable lockout period end date or, if S-4