The Mortgage Loans have a weighted average remaining lockout period of approximately 17 months. 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 Exhibit A 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 “Descrip- tion 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 the Weighted Average Certificate Rate of the Ginnie Mae Multifamily Certificates (“WACR”) as follows: Class C will bear interest during each Accrual Period at a per annum rate equal to the lesser of 5.0230% and WACR. Class D will bear interest during each Accrual Period at a per annum rate equal to the lesser of 5.5320% and WACR. Class IO will bear interest during each Accrual Period at a per annum rate equal to the WACR less the weighted average of the applicable Interest Rate for Classes A, B, C, D and Z for that Accrual Period weighted based on the Class Principal Balance of each such Class for the related Distribution Date (before giving effect to any payments on such Distribution Date). The Weighted Average Coupon Classes will bear interest during the initial Accrual Period at the following approximate Interest Rates: Class Approximate Initial Interest Rate C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.0230% D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.5320 IO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.9628 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 A, B, C, D and Z, in that order, until retired. Allocation of Prepayment Penalties:    On each Distribution Date, the Trustee will pay 100% of any Prepayment Penalties that are collected and passed through to the Trust to Class IO. Accrual Class:    Interest will accrue on the Accrual Class identified on the front cover of this Supple- ment at the per annum rate set forth on the front cover of this Supplement. However, no interest will be distributed to the Accrual Class as interest. Interest so accrued on the Accrual Class on each Distribution Date will constitute the Accrual Amount, which will be added to the Class Principal Balance of the S-4