If the related Mortgage Loans prepay at rates that are generally above the Effective Range
for any PAC or TAC Class, its supporting Classes may be retired earlier than that PAC or TAC
Class, and its Weighted Average Life may be shortened, perhaps significantly.
Assumability
Each Mortgage Loan may be assumed, subject to HUD review and approval, upon the sale
of the related Mortgaged Property. See "Yield, Maturity and Prepayment Considerations
Assumability of Government Loans" in the Base Offering Circular.
Final Distribution Date
The Final Distribution Date for each Class, which is set forth on the front cover of this
Supplement or on Schedule I to this Supplement, is the latest date on which the related
Class Principal Balance or Class Notional Balance will be reduced to zero.
The actual retirement of any Class may occur earlier than its Final Distribution Date.
According to the terms of the Ginnie Mae Guaranty, Ginnie Mae will guarantee payment
in full of the Class Principal Balance of each Class of Securities no later than its Final
Distribution Date.
Modeling Assumptions
The tables that follow have been prepared on the basis of the following assumptions (the
"Modeling Assumptions"), among others:
1. The Mortgage Loans underlying the Trust Assets have the assumed characteristics shown
under "Assumed Characteristics of the Mortgage Loans Underlying the Trust Assets" in the
Terms Sheet, except in the case of information set forth under the 0% PSA Prepayment
Assumption Rate, for which each Mortgage Loan is assumed to have an original and a remaining
term to maturity of 360 months and a Mortgage Rate of 1.50% per annum higher than the
related Certificate Rate.
2. The Mortgage Loans prepay at the constant percentages of PSA (described below)
shown in the related table.
3. Distributions on the Securities are always received on the 20th day of the month,
whether or not a Business Day, commencing in August 2007.
4. A termination of the Trust does not occur.
5. The Closing Date for the Securities is July 30, 2007.
6. No expenses or fees are paid by the Trust other than the Trustee Fee.
7. Each Class is held from the Closing Date and is not exchanged in whole or in part.
When reading the tables and the related text, investors should bear in mind that the
Modeling Assumptions, like any other stated assumptions, are unlikely to be entirely consistent
with actual experience.
For example, most of the Mortgage Loans will not have the characteristics assumed, many
Distribution Dates will occur on a Business Day after the 20th of the month, and the
Trustee may cause a termination of the Trust as described under "Description of the
Securities Termination" in this Supplement.
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