Ginnie Mae REMIC Trust 2006-046 The Trust will issue the classes of securities listed in the table below. Original Final Principal Interest Principal Interest Distribution CUSIP Class Balance(1) Rate Type(2) Type(2) Date(3) Number A .......................... $  83,359,000 4.751% SEQ FIX May 2027 38373MVN7 B .......................... 54,543,000 (4) SEQ WAC/DLY June 2034 38373MVP2 C .......................... 34,926,999 (4) SEQ WAC/DLY June 2038 38373MVQ0 Z .......................... 7,202,999 (4) SEQ WAC/Z/DLY April 2046 38373MVR8 IO ........................ 180,031,998 (4) NTL(PT) WAC/IO/DLY April 2046 38373MVS6 RR  ...................... 0 0.000 NPR NPR April 2046 38373MVT4 (1)  Subject to increase as described under "Increase in Size" in this Supplement. The amount shown for the Notional Class (indicated by "NTL" under Principal Type) is its original Class Notional Balance and does not represent principal that will be paid. (2)  As defined under "Class Types" in Appendix I to the Multifamily Base Offering Circular. The Class Notional Balance of Class IO will be reduced as described in this Supplement. See "Terms Sheet–Notional Class" in this Supplement. (3)  See "Yield, Maturity and Prepayment Considerations–Final Distribution Date" in this Supplement. (4)  Classes B, C, Z and IO will bear interest during each Accrual Period at a variable rate per annum as described in this Supplement. See "Terms Sheet–Interest Rates" in this Supplement. C-29