Prepayment Assumption Rates and the timing of changes in the rate of prepayments
actually experienced on the Mortgage Loans will not follow the pattern described for
the PSA assumption.
The decrement tables set forth below illustrate the percentage of the Original Class
Principal Balance (or, in the case of a Notional Class, the original Class Notional Balance) that
would remain outstanding following the distribution made each specified month for each
Regular or MX Class, based on the assumption that the related Mortgage Loans prepay at the
PSA Prepayment Assumption Rates. 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
PSA Prepayment Assumption Rate. 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 a 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 information shown for each 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 each Notional Class has been calculated on the assumption that
a reduction in the Class Notional Balance thereof is a distribution of principal.
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 characteristics
of the Mortgage Loans underlying the related Trust Assets and the Modeling
Assumptions.
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