Base Offering Circular - Multifamily
482090
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APPENDIX I
April 1, 2001
CLASS TYPES
The following list contains abbreviated definitions that do not describe all of the characteristics of the listed
Class Types. These definitions are not intended as descriptions of the material risks associated with any Class. For
discussion of such risks, investors should see Risk FactorsClass Investment Considerations in the related
Offering Circular Supplement.
Standard
Abbreviation
Category of
Class
Definition
AD
Accretion
Directed
PRINCIPAL TYPES
Classes (1) that are designed to receive principal distributions from
interest accretions on specified Partial Accrual or Accrual Classes
and (2) that, on the basis of such structure, exhibit stable Weighted
Average Lives from 0% of the assumed prepayment rate of the
applicable prepayment model to either (a) the pricing percentage of
the assumed prepayment rate of the applicable prepayment model or
(b) a percentage of the assumed prepayment rate of the applicable
prepayment model that, although lower than such pricing percentage,
is close enough to satisfy Ginnie Mae. These Classes also may
receive principal payments from principal paid in respect of Trust
Assets.
CC
Callable Class
Classes that are designed to receive payments based on distributions
on Underlying Callable Securities.
CPT
Component
Classes consisting of Components. The Components of a
Component Class may have different principal and/or interest
distribution characteristics but together constitute a single Class and
are not separately transferable from the related Class. Each
Component may be categorized according to one or more Class
Types.
NPR
No Payment
Residual
Classes that are designed to receive no residual distributions of
principal.
NSJ
Non-Sticky Jump
Classes for which the principal distribution priorities change
temporarily upon the occurrence of one or more trigger events. A
Non-Sticky Jump Class jumps to its new priority on each
Distribution Date when the trigger condition is met and reverts to its
original priority (i.e., does not stick to the new priority) on each
Distribution Date when the trigger condition is not met.
NTL
Notional
Classes having only a Class Notional Balance.