Some of the Mortgage Loans provide for payment of Prepayment Penalties during specified periods after their
lockout period end dates. See “The Ginnie Mae Multifamily Certificates—Certain Additional Characteristics of
the Mortgage Loans” and “Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage
Loans” in Exhibit A to this Supplement. Prepayment Penalties received by the Trust will be allocated among the
Classes as described in this Supplement.
Issuance of Securities:
The Securities, other than the Residual Securities, will initially be issued in book-entry
form through the book-entry system of the U.S. Federal Reserve Banks (the “Fedwire Book-Entry System”). The
Residual Securities will be issued in fully registered, certificated form. See “Description of the Securities—Form
of Securities” in this Supplement.
Increased Minimum Denomination Class:
Class IO. See “Description of the Securities—Form of Securities”
in this Supplement.
Interest Rates:
The Weighted Average Coupon Classes will bear interest at per annum Interest Rates based on the
Weighted Average Certificate Rate of the Ginnie Mae Multifamily Certificates (hereinafter referred to as
“WACR”) as follows:
Class
Interest Rate
Formula
A
WACR-2.764914%
B
WACR-1.387514%
C
WACR-0.806714%
D
WACR-0.406214%
Z
WACR-0.000010%
Class IO will bear interest during each Accrual Period at a rate per annum equal to WACR less the weighted
average Interest Rate for that Accrual Period on Classes A, B, C, D and Z, weighted based on the Class Principal
Balance of each such Class for the related Distribution Date.
Classes A, B, C, D, IO and Z will bear interest during the initial Accrual Period at the following
approximate Interest Rates:
Class
Approximate
Initial Interest Rate
A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.906%
B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.283
C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.864
D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6.265
IO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.020
Z . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6.671
Allocation of Principal:
On each Distribution Date, a percentage of the Principal Distribution Amount will be
applied to the Trustee Fee, and the remainder of the Principal Distribution Amount (the “Adjusted Principal
Distribution Amount”) and the Accrual Amount will be allocated sequentially to Classes A, B, C, D and Z, in
that order, until retired.
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