Certain of the Mortgage Loans provide for payment of Prepayment Penalties during specified
periods beginning on the applicable lockout period end date or, if no lockout period applies,
the applicable Issue Date. 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, in the case of the Group 1 Securities, Exhibit A
to this Supplement and, in the case of the Group 2 Securities, the Updated Exhibits A in
Exhibit D to this Supplement. Prepayment Penalties received by the Trust will be allocated 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 Interest Rates for the Fixed Rate Classes are shown on the front cover of
this Supplement.
The Weighted Average Coupon Classes will bear interest at per annum Interest Rates based
on either the Weighted Average Certificate Rate of the Group 1 Ginnie Mae Multifamily
Certificates ("Group 1 WACR") or the weighted average of the interest rates of the Underlying
Group 2 Certificates ("Group 2 WACR") as follows:
Class BC will bear interest during each Accrual Period at a per annum rate equal to the
lesser of 3.000% and Group 1 WACR.
Class BD will bear interest during each Accrual Period at a per annum rate equal to the
lesser of 4.2260% and Group 1 WACR.
Class C will bear interest during each Accrual Period at a per annum rate equal to the lesser
of 5.134% and Group 1 WACR.
Class D will bear interest during each Accrual Period at a per annum rate equal to the lesser
of 5.320% and Group 1 WACR.
Class E will bear interest during each Accrual Period at a per annum rate equal to the lesser
of 5.242% and Group 1 WACR.
Class F will bear interest during each Accrual Period at a per annum rate equal to the lesser
of 5.369% and Group 1 WACR.
Class Z will bear interest during each Accrual Period at a per annum rate equal to the lesser
of 4.637% and Group 1 WACR.
Class IO will bear interest during each Accrual Period at a per annum rate equal to the
Group 1 WACR less the weighted average Interest Rate for that Accrual Period on Classes AB,
AC, BC, BD, C, D, E, F and Z, weighted based on the Class Principal Balance of each such class
on the related Distribution Date (before giving effect to any payments on such Distribution
Date).
Class MA will bear interest during each Accrual Period at a per annum rate equal to Group 2
WACR.
Class MB will bear interest during each Accrual Period at a per annum rate equal to
Group 2 WACR.
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