Decrement Tables
The decrement tables set forth below illustrate the percentage of the Original Class Princi-
pal Balance (or, in the case of the Notional Class, the original Class Notional Balance) that
would remain outstanding following the distribution made each specified month for each
Regular Class, based on the assumption that the related Trust PLC Mortgage Loans prepay at the
CPR Prepayment Assumption Rates and 100% PLD and the Trust CLC Mortgage Loans prepay at
0% CPR and 0% PLD until the Trust CLCs convert to Ginnie Mae Project Loan Certificates, after
which they prepay at the CPR Prepayment Assumption Rates and 100% PLD. The percentages
set forth in the following decrement tables have been rounded to the nearest whole percentage
(including rounding down to zero).
The decrement tables also indicate the Weighted Average Life of each Class under each
CPR Prepayment Assumption Rate and the PLD percentage rates indicated above for the Trust
PLC Mortgage Loans and the Trust CLC Mortgage Loans. The Weighted Average Life of each
Class is calculated by:
(a) multiplying the net reduction, if any, of the Class Principal Balance (or the net
reduction of the Class Notional Balance, in the case of the Notional Class) from one
Distribution Date to the next Distribution Date by the number of years from the date of issuance
thereof to the related Distribution Date,
(b) summing the results, and
(c) dividing the sum by the aggregate amount of the assumed net reductions in principal
balance or notional amount, as applicable, referred to in clause (a).
The Weighted Average Lives are likely to vary, perhaps significantly, from those
set forth in the tables below due to the differences between the actual rate of
prepayments on the Mortgage Loans underlying the Ginnie Mae Multifamily Certifi-
cates and the Modeling Assumptions.
The information shown for the Notional Class is for illustrative purposes only, as a Notional
Class is not entitled to distributions of principal and has no weighted average life. The
weighted average life shown for the Notional Class has been calculated on the assumption that
a reduction in the Class Notional Balance thereof is a distribution of principal.
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