Offering Circular Supplement
 

(To Base Offering Circular dated July 1, 2023)
 

$336,472,373
 

Government National Mortgage Association
 

GINNIE MAE®
 

Guaranteed HECM MBS REMIC Pass-Through Securities
 

and MX Securities
 

Ginnie Mae REMIC Trust 2024-H05
 

The Securities

The Trust will issue the Classes of

Securities listed on the front cover of

this offering circular supplement.

The Ginnie Mae Guaranty

Ginnie Mae will guarantee the timely

payment of principal and interest on

the securities. The Ginnie Mae

Guaranty is backed by the full faith

and credit of the United States of

America.

The Trust and its Assets

The Trust will own (1) Ginnie Mae

HECM MBS or Ginnie Mae Platinum

Certificates backed by HECM MBS and

(2) certain previously issued certificates.

The securities may not be suitable investments for you. You
 

should consider carefully the
 

risks of investing in them.
 See “Risk Factors” beginning on
 

page S-14 which highlights
 

some of these risks.
 

The Sponsor and the Co-Sponsor
 

will offer the securities from time
 

to time in negotiated transactions
 

at varying prices. We expect the
 

closing date to be March 28, 2024.
 

Class of REMIC Securities

Original

Principal

Balance(2) InterestRate PrincipalType(3) InterestType(3) CUSIPNumber

Final

Distribution

Date(4)

Security Group 1 AI(1) ......... FA .......... $83,000,000

83,000,000

(5)

(5)

NTL(HPT) HPT HWAC/IO/DLY

FLT/HWAC/HZ

38383KSC7

38383KSD5

January 2074

January 2074

Security Group 2 AF(1) ......... IA(1) ......... 28,842,243

28,842,243

(5)

(5) HPT NTL(HPT)

FLT/HWAC/HZ

HWAC/IO/DLY

38383KSE3

38383KSF0

February 2074

February 2074

Security Group 3

BI(1) ......... FB(1) ......... 17,407,716

17,407,716

(5)

(5)

NTL(SC/HPT)

SC/HPT

HWAC/IO/DLY

FLT/HWAC/HZ

38383KSG8

38383KSH6 June 2071June 2071

Security Group 4

BF(1) ......... IB(1) ......... 5,750,927

5,750,927

(5)

(5)

SC/HPT

NTL(SC/HPT)

FLT/HWAC/HZ

HWAC/IO/DLY

38383KSJ2

38383KSK9

June 2071

June 2071

Security Group 5

CF(1) ......... IC(1) ......... 24,279,881

24,279,881

(5)

(5) HPT NTL(HPT)

FLT/HWAC/HZ

HWAC/IO/DLY

38383KSL7

38383KSM5

March 2074

March 2074

Security Group 6

DI(1) ......... FD(1) ......... 22,766,478

22,766,478

(5)

(5)

NTL(HPT) HPT HWAC/IO/DLY

FLT/HWAC/HZ

38383KSN3

38383KSP8

February 2074

February 2074

Security Group 7

DF(1) ......... ID(1) ......... 22,220,234

22,220,234

(5)

(5) HPT NTL(HPT)

FLT/HWAC/HZ

HWAC/IO/DLY

38383KSQ6

38383KSR4

February 2072

February 2072

Security Group 8 EI(1) ......... FE(1) ......... 7,814,289

7,814,289

(5)

(5)

NTL(HPT) HPT HWAC/IO/DLY

FLT/HWAC/HZ

38383KSS2

38383KST0

February 2074

February 2074

Security Group 9

EF(1) ......... IE(1) ......... 9,656,147

9,656,147

(5)

(5) HPT NTL(HPT)

FLT/HWAC/HZ

HWAC/IO/DLY

38383KSU7

38383KSV5

November 2073

November 2073

Security Group 10 FG .......... GI(1) ......... 19,744,873

19,744,873

(5)

(5) HPT NTL(HPT)

FLT/HWAC/HZ

HWAC/IO/DLY

38383KSW3

38383KSX1

March 2074

March 2074

Security Group 11 GF .......... IG(1) ......... 14,976,528

14,976,528

(5)

(5) HPT NTL(HPT)

FLT/HWAC/HZ

HWAC/IO/DLY

38383KSY9

38383KSZ6

March 2074

March 2074

Security Group 12 FH .......... HI(1) ......... 25,771,028

25,771,028

(5)

(5) HPT NTL(HPT)

FLT/HWAC/HZ

HWAC/IO/DLY

38383KTA0

38383KTB8

March 2074

March 2074

Security Group 13 HF .......... IH(1) ......... 15,979,678

15,979,678

(5)

(5) HPT NTL(HPT)

FLT/HWAC/HZ

HWAC/IO/DLY

38383KTC6

38383KTD4

March 2074

March 2074

Security Group 14

IK(1) ......... KF .......... 17,247,706

17,247,706

(5)

(5)

NTL(HPT) HPT HWAC/IO/DLY

FLT/HWAC/HZ

38383KTE2

38383KTF9

March 2074

March 2074

Security Group 15 FL ........... LI(1) ......... 8,014,645

8,014,645

(5)

(5) HPT NTL(HPT)

FLT/HWAC/HZ

HWAC/IO/DLY

38383KTG7

38383KTH5

February 2074

February 2074

Security Group 16

IL(1) ......... LF ........... 13,000,000

13,000,000

(5)

(5)

NTL(HPT) HPT HWAC/IO/DLY

FLT/HWAC/HZ

38383KTJ1

38383KTK8

February 2074

February 2074

Residuals

RR .......... RR1 .......... RR2 .......... RR3 .......... RR4 .......... RR5 ..........

0

0

0

0

0

0

0.00%

0.00

0.00

0.00

0.00

0.00

NPR

NPR

NPR

NPR

NPR

NPR

NPR

NPR

NPR

NPR

NPR

NPR

38383KTL6

38383KTM4

38383KTN2

38383KTP7

38383KTQ5

38383KTR3

March 2074

January 2074

February 2074

June 2071

June 2071

March 2074

(1) These Securities may be exchanged for MX Securities described in Schedule I to this

You should read the Base Offering Supplement.
 

Circular as well as this Supple­ (2) Subject to increase as described under “Increase in Size” in this Supplement. The amount

ment. shown for each Notional Class (indicated by “NTL” under Principal Type) is its original

The Class Notional Balance and does not represent principal that will be paid. securities are exempt from

(3) As defined under “Class Types” in Appendix I to the Base Offering Circular. The Class registration under the Securities

Notional Balance of each Notional Class will be either reduced or increased, as appli- Act of 1933 and are “exempted cable, as shown under “Terms Sheet — Notional Classes” in this Supplement.
 

securities” under the Securities
 (4) See “Yield, Maturity and Prepayment Considerations — Final Distribution Date” in this

Exchange Act of 1934. Supplement.

(5) See “Terms Sheet — Interest Rates” in this Supplement.

Citigroup Academy Securities, Inc.

The date of this Offering Circular Supplement is March 22, 2024.
 
AVAILABLE INFORMATION

You should purchase the securities only if you have read and understood the following documents:

•	 this Offering Circular Supplement (this “Supplement”),

•	 the Base Offering Circular,

•	 the HECM MBS Base Prospectus dated June 1, 2014 or July 1, 2023, as applicable (the “HECM

MBS Base Prospectus”),

•	 each HECM MBS Prospectus Supplement relating to the HECM MBS (the “HECM MBS Prospectus

Supplements,” together with the HECM MBS Base Prospectus, the “HECM MBS Disclosure

Documents”),

•	 the Platinum Certificates Base Offering Circular, dated July 1, 2023 (the “Platinum Base Offering

Circular”),

•	 each Platinum Certificate Offering Circular Supplement relating to the Ginnie Mae Platinum Certificates backed by HECM MBS (the “Platinum Certificate Offering Circular Supplements,” together

with the Platinum Base Offering Circular, the “Platinum Disclosure Documents”) and

•	 in the case of the Group 3 and 4 Securities, the disclosure documents relating to the Underlying

Certificates (the “Underlying Certificate Disclosure Documents”).

The Base Offering Circular, the HECM MBS Disclosure Documents, the Platinum Disclosure Documents and the Underlying Certificate Disclosure Documents are available on Ginnie Mae’s website located

at http://www.ginniemae.gov (“ginniemae.gov”).

If you do not have access to the internet, call BNY Mellon, which will act as information agent for the

Trust, at (800) 234-GNMA, to order copies of the Base Offering Circular. In addition, you can obtain copies

of any other document listed above by contacting BNY Mellon at the telephone number listed above.

Unless otherwise specifically defined herein, please consult the standard abbreviations of Class Types

included in the Base Offering Circular as Appendix I and the glossary included in the Base Offering

Circular as Appendix II for definitions of capitalized terms.

TABLE OF CONTENTS

Page

Terms Sheet ................... S-3

Risk Factors ................... S-14

The Trust Assets ................ S-20

Ginnie Mae Guaranty ............. S-23

Description of the Securities ....... S-23

Yield, Maturity and Prepayment

Considerations ................ S-28

Certain United States Federal Income

Tax Consequences ............. S-103

ERISA Matters .................. S-105

Legal Investment Considerations .... S-106

Plan of Distribution .............. S-106

Page

Increase in Size ................. S-106

Legal Matters ................... S-106

Schedule I: Available Combinations . . S-I-1

Exhibit A: Assumed Characteristics of

the HECMs and the Participations

Underlying the Group 1, 2 and 5

through 16 Trust Assets ......... A-1

Exhibit B: CPR Percentage in Effect by

HECM Age ................... B-1

Exhibit C: Draw Curve in Effect by

HECM Age ................... C-1

Exhibit D: Underlying Certificates .... D-1

Exhibit E: Updated Exhibit A........ E-1

S-2
TERMS SHEET

This terms sheet contains selected information for quick reference only. You should read this

Supplement, particularly “Risk Factors,” and each of the other documents listed under “Available

Information.”

Sponsor: Citigroup Global Markets Inc.

Co-Sponsor: Academy Securities, Inc.

Trustee: U.S. Bank National Association

Tax Administrator: The Trustee

Closing Date: March 28, 2024

Distribution Date: The 20th day of each month or, if the 20th day is not a Business Day, the first Business Day thereafter, commencing in April 2024.

Trust Assets:

Original Approximate

Trust Asset HECM MBS HECM Term to Weighted Average

Group or Principal MBS Maturity Margins of

Subgroup(1) Trust Asset Type(2) Balance Rate(3) (in years) Participations(4)

1 Ginnie Mae II $83,000,000 (5) 50 1.015% to 2.599%

2 Ginnie Mae II 28,842,243 (5) 50 1.566% to 2.154%

3A Underlying Certificate 2,315,407 (6) (6) (6)

3B Underlying Certificate 2,661,804 (6) (6) (6)

3C Underlying Certificate 2,213,508 (6) (6) (6)

3D Underlying Certificate 2,278,628 (6) (6) (6)

3E Underlying Certificate 7,938,369 (6) (6) (6)

4 Underlying Certificate 5,750,927 (6) (6) (6)

5 Ginnie Mae II 24,279,881 (5) 50 1.610% to 2.157%

6 Ginnie Mae II 22,766,478 (5) 50 2.014% to 2.660%

7 Ginnie Mae II 22,220,234 (5) 50 1.688% to 1.730%

8 Ginnie Mae II 7,814,289 (5) 50 1.618% to 2.342%

9 Ginnie Mae II 9,656,147 (5) 50 1.639% to 2.138%

10 Ginnie Mae II 19,744,873 (5) 50 1.750% to 1.958%

11 Ginnie Mae II 14,976,528 (5) 50 1.890% to 1.938%

12 Ginnie Mae II 25,771,028 (5) 50 1.971% to 2.672%

13 Ginnie Mae II 15,979,678 (5) 50 1.894% to 2.457%

14 Ginnie Mae II 17,247,706 (5) 50 1.200% to 2.520%

15 Ginnie Mae II 8,014,645 (5) 50 1.567% to 2.290%

16 Ginnie Mae II 13,000,000 (5) 50 1.140% to 3.060%

(1)	 The Group 3 Trust Assets consist of the enumerated subgroups (each, a “Subgroup”).

(2)	 The Group 1, 2 and 5 through 16 Trust Assets are HECM MBS (or, in the case of Pool 786717, Ginnie

Mae Platinum Certificates backed by HECM MBS) backed by participation interests (each, a “Participation”) in advances made to borrowers and related amounts in respect of home equity conversion

mortgage loans (“HECMs”) insured by FHA. See “The Trust Assets — The Participations and the

HECMs” in this Supplement. Certain additional information regarding the HECM MBS and Ginnie Mae

Platinum Certificates, including related pool numbers, is set forth in Exhibit A to this Supplement.

(3)	 The HECM MBS Rate for each Group 1, 2 and 5 through 16 Trust Asset is the weighted average

coupon of its related Participation interest rates (“WACR”). WACR constitutes the Weighted Average

Coupon Rate for purposes of this Supplement. See “The Trust Assets — The Trust MBS” in this Supplement.

S-3
(4)	 For Groups 1, 2 and 5 through 16, reflects the range of approximate weighted average margins on the

Participations (net of the related Servicing Fee Margin) underlying the related HECM MBS pools.

(5)	 The applicable index for each of the Group 1, 2 and 5 through 16 Trust Assets is one-year CMT

(“One-Year CMT”). The actual HECM lifetime and, with respect to Pool CW9909 included in the

Group 1 Trust Assets, Pool CZ2289 included in the Group 2 Trust Assets, Pool CD0820 included in the

Group 9 Trust Assets and Pool CZ4337 included in the Group 16 Trust Assets, annual caps on interest rate adjustments may limit whether the HECM MBS Rate for a particular Group 1, 2 or 5 through

16 Trust Asset remains at One-Year CMT (as determined pursuant to the HECM loan documents) plus

the applicable margin. See “The Trust Assets — The Trust MBS” and “Risk Factors — Adjustable rate

HECMs are subject to limitations on interest rate adjustments, which may limit the amount of interest

payable in respect of the related HECM MBS and may limit the WACR on the related HECM MBS and

the interest rates on the securities” in this Supplement.

(6)	 Certain information regarding the Underlying Certificate is set forth in Exhibits D and E to this Supplement.

Security Groups: This series of Securities consists of multiple Security Groups (each, a “Group”), as

shown on the front cover of this Supplement and on Schedule I to this Supplement. Except in the case of

the MX Classes, payments on each Group will be based solely on payments on the Trust Asset Group with

the same numerical designation.

Assumed Characteristics of the HECMs and the Participations Underlying the Group 1, 2 and 5

through 16 Trust Assets: The assumed characteristics of the HECMs and the Participations underlying

the Group 1, 2 and 5 through 16 Trust Assets are identified in Exhibit A to this Supplement. The assumed

characteristics may differ, perhaps significantly, from the characteristics of the HECMs and the related Participations as of the date of issuance of the related HECM MBS or Ginnie Mae Platinum Certificate, which

characteristics are identified in the related HECM MBS Prospectus Supplement or the related Platinum Certificate Offering Circular Supplement, as applicable. There can be no assurance that the actual

characteristics of the HECMs and the Participations underlying the Group 1, 2 and 5 through 16 Trust

Assets will be the same as the assumed characteristics identified in Exhibit A to this Supplement.

Assumed Characteristics of the HECMs and the Participations Underlying the Group 3 and 4

Underlying Certificates: The assumed characteristics of the HECMs and the Participations underlying

the Underlying Certificates are identified in the respective updated Exhibit A for the Underlying Certificates (the “Updated Exhibit A”) in Exhibit E to this Supplement. The assumed characteristics may differ,

perhaps significantly, from the characteristics of the HECMs and the related Participations as of the date of

issuance of the related HECM MBS, which characteristics are identified in the related HECM MBS Prospectus Supplement. There can be no assurance that the actual characteristics of the HECMs and the

Participations underlying the Underlying Certificates will be the same as the assumed characteristics identified in the Updated Exhibit A in Exhibit E to 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

“Description of the Securities — Form of Securities” in this Supplement.

Modification and Exchange: If you own exchangeable Securities you will be able, upon notice and

payment of an exchange fee, to exchange them for a proportionate interest in the related Securities shown

on Schedule I to this Supplement. See “Description of the Securities — Modification and Exchange” in this

Supplement.

Increased Minimum Denomination Classes: Each Regular and MX Class. See “Description of the

Securities — Form of Securities” in this Supplement.

S-4
Interest Rates: The Floating Rate Classes will bear interest at per annum rates based on a 30-day compounded average of the Secured Overnight Financing Rate (“SOFR”) (hereinafter referred to as “30-day

Average SOFR”) as follows:

30-day Average

Initial SOFR

Interest Minimum Maximum Delay for Minimum

Class Interest Rate Formula(1) Rate(2) Rate(3)(5) Rate(4) (in days) Interest Rate

Security Group 1

FA ................. 30-day Average SOFR + 0.95% 6.28149% 0.95000% (4) 0 0.00000%

Security Group 2

AF ................. 30-day Average SOFR + 1.00% 6.33149% 1.00000% (4) 0 0.00000%

Security Group 3

FB ................. 30-day Average SOFR + 1.00% 6.33149% 1.00000% (4) 0 0.00000%

Security Groups 2 and 3

F .................. 30-day Average SOFR + 1.00% 6.33149% 1.00000% (5) 0 0.00000%

Security Group 4

BF ................. 30-day Average SOFR + 0.95% 6.26864% 0.95000% (4) 0 0.00000%

Security Group 5

CF ................. 30-day Average SOFR + 0.95% 6.26864% 0.95000% (4) 0 0.00000%

Security Groups 4 and 5

FC ................. 30-day Average SOFR + 0.95% 6.26864% 0.95000% (5) 0 0.00000%

Security Group 6

FD ................. 30-day Average SOFR + 0.83% 6.15000% 0.83000% (4) 0 0.00000%

Security Group 7

DF ................. 30-day Average SOFR + 0.83% 6.15000% 0.83000% (4) 0 0.00000%

Security Groups 6 and 7

FM ................. 30-day Average SOFR + 0.83% 6.15000% 0.83000% (5) 0 0.00000%

Security Group 8

FE ................. 30-day Average SOFR + 1.30% 6.56351% 1.30000% (4) 0 0.00000%

Security Group 9

EF ................. 30-day Average SOFR + 1.30% 6.47216% 1.30000% (4) 0 0.00000%

Security Groups 8 and 9

MF ................. 30-day Average SOFR + 1.30% 6.51301% 1.30000% (5) 0 0.00000%

Security Group 10

FG ................. 30-day Average SOFR + 1.10% 6.42000% 1.10000% (4) 0 0.00000%

Security Group 11

GF ................. 30-day Average SOFR + 1.10% 6.42000% 1.10000% (4) 0 0.00000%

Security Group 12

FH ................. 30-day Average SOFR + 1.10% 6.42000% 1.10000% (4) 0 0.00000%

Security Group 13

HF ................. 30-day Average SOFR + 1.10% 6.42000% 1.10000% (4) 0 0.00000%

Security Group 14

KF ................. 30-day Average SOFR + 1.10% 6.42000% 1.10000% (4) 0 0.00000%

Security Group 15

FL ................. 30-day Average SOFR + 1.10% 6.42000% 1.10000% 10.00000% 0 0.00000%

Security Group 16

LF ................. 30-day Average SOFR + 0.75% 6.07000% 0.75000% 10.00000% 0 0.00000%

(1)	 30-day Average SOFR will be established as described under “Description of the Securities — Interest Distributions — Floating Rate Classes” in this Supplement.

(2)	 The initial Interest Rate will be in effect during the first Accrual Period; the Interest Rate for each

Floating Rate Class will adjust monthly thereafter.

(3)	 The minimum rate for any Accrual Period will be the lesser of (i) the rate indicated in this table

under the heading “Minimum Rate” and (ii) the WACR for the related Trust Asset Group (or for each

of Group 3 and 4, the weighted average of the interest rates of the Underlying Certificate or Underlying Certificates, as applicable, included in such Trust Asset Group, weighted based on the

outstanding principal balance of each Underlying Certificate for the related Distribution Date (before

giving effect to any payments on such Distribution Date) (“Underlying Certificate WACR”)).

S-5
(4)	 Except as otherwise indicated in this table, the maximum rate for any Accrual Period will be the

lesser of (i) the rate indicated in this table under the heading “Maximum Rate” and (ii) the WACR or

Underlying Certificate WACR for the related Trust Asset Group. See “Risk Factors — The maximum

rate on each floating rate class could limit the amount of interest that accrues on such class” in this

Supplement.

(5)	 The minimum rate and maximum rate for each of Classes F, FC, FM and MF for any Accrual Period

will be limited by the aggregate interest accrued on its related REMIC Classes for that Accrual Period.

Each of the Floating Rate Classes will bear interest during each Accrual Period at a per annum rate

equal to the lesser of the related maximum rate and the result based on the related interest rate formula

described above.

The approximate initial Interest Rates for the Interest Only Classes are set forth in the table below.

Approximate Initial
 

Class Interest Rate(1)
 

Security Group 1
 

AI ..................................................... 0.33981%
 

Security Group 2
 

IA ..................................................... 0.32738%
 

Security Group 3
 

BI ..................................................... 0.31756%
 

Security Group 4
 

IB ..................................................... 0.22071%
 

Security Groups 3 and 4
 (2) CI ................................................... 0.29351%
 

Security Group 5
 

IC ..................................................... 0.42978%
 

Security Groups 1, 2 and 5
 (2) IO ................................................... 0.35323%
 

Security Group 6
 

DI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.64802%
 

Security Group 7
 

ID . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.33752%
 

Security Group 8
 

EI ..................................................... 0.00000%
 

Security Groups 6 and 8
 (2) IM ................................................... 0.48243%
 

Security Group 9
 

IE ..................................................... 0.00000%
 

Security Groups 6, 7, 8 and 9
 (2) IN ................................................... 0.35629%
 

Security Groups 7 and 9
 (2) NI ................................................... 0.23528%
 

Security Group 10
 

GI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.28644%
 

Security Group 11
 

IG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.29993%
 

Security Group 12
 

HI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.33593%
 

Security Group 13
 

IH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.29810%
 

Security Group 14
 

IK ..................................................... 0.30349%
 

Security Groups 10, 11, 12, 13 and 14
 (2) IP ................................................... 0.30733%
 

S-6
Approximate Initial

Class Interest Rate(1)

Security Group 15

LI ..................................................... 0.28577%
 

Security Group 16

IL ..................................................... 0.59530%
 

Security Groups 10, 11, 12, 13, 14, 15 and 16

PI(2) ................................................... 0.33845%
 

Security Groups 15 and 16

QI(2) ................................................... 0.47725%
 

(1)	 The approximate initial Interest Rates for the Classes set forth in the table above (other than Classes

BI, CI and IB) were calculated using the assumed characteristics of the Group 1, 2 and 5 through 16

HECMs and the Participations underlying the related Group 1, 2 and 5 through 16 Trust Assets set

forth in Exhibit A, which are provided by the Sponsor as of March 1, 2024. The approximate initial

Interest Rates for Classes BI, CI and IB were calculated using the assumed characteristics of the

Group 3 and 4 Underlying Certificates and the Group 3 and 4 HECMs and the Participations underlying the Group 3 and 4 Trust Assets set forth in Exhibit E, which are provided by the Sponsor as of

March 1, 2024. The assumed characteristics include rounded weighted average gross interest rates on

the HECMs related to the Participations backing the Trust Assets. The actual initial Interest Rates for

such Classes will be calculated based on the interest that accrues on each HECM, aggregated and

then rounded to a different level of precision. Therefore the actual Interest Rates for such Classes

may differ from the approximate initial Interest Rates set forth herein. On or about the first Distribution Date, investors can obtain the actual initial Interest Rates for such Classes for the related Accrual

Period from the Trustee’s website, www.usbank.com/abs.

(2)	 MX Class.

Each of Classes CI, IM, IN, IO, IP, NI, PI and QI is an MX Class that is an HWAC Class that will accrue

interest during each Accrual Period at an equivalent annualized rate derived by aggregating the accrued

interest on its related REMIC Classes for such Accrual Period expressed as a percentage of its outstanding

notional balance for such Accrual Period.

Interest Rate for each Interest Only Class (other than the MX Classes): For any Distribution Date,

a per annum rate equal to the product of (i) 12 multiplied by (ii) the quotient of (a) the excess, if any, of

(I) the interest accrued for the Accrual Period immediately preceding such Distribution Date on the related

Trust Asset Group over (II) the Interest Accrual Amount for the related Principal Bearing Class for such

Distribution Date, divided by (b) the sum of the Class Principal Balance of the related Stripped Principal

Bearing Class and the Deferred Interest Amount of the related Interest Only Class as of the related Record

Date for such Interest Only Class.

Distributions: On each Distribution Date, the following distributions will be made to the related Securities:

SECURITY GROUP 1

The Group 1 Available Distribution Amount will be allocated in the following order of priority:

1. Concurrently, to AI and FA, pro rata based on their respective Interest Accrual Amounts, up to

the Class AI Interest Accrual Amount and the Class FA Interest Accrual Amount for such Distribution

Date

2. To FA, in reduction of its Class Principal Balance, up to the amount of the Class FA Principal

Distribution Amount for such Distribution Date, until retired

3. To AI, until the Class AI Deferred Interest Amount is reduced to zero

S-7
SECURITY GROUP 2

The Group 2 Available Distribution Amount will be allocated in the following order of priority:

1. Concurrently, to AF and IA, pro rata based on their respective Interest Accrual Amounts, up to

the Class AF Interest Accrual Amount and the Class IA Interest Accrual Amount for such Distribution

Date

2. To AF, in reduction of its Class Principal Balance, up to the amount of the Class AF Principal

Distribution Amount for such Distribution Date, until retired

3. To IA, until the Class IA Deferred Interest Amount is reduced to zero

SECURITY GROUP 3

The Group 3 Available Distribution Amount will be allocated in the following order of priority:

1. Concurrently, to BI and FB, pro rata based on their respective Interest Accrual Amounts, up to

the Class BI Interest Accrual Amount and the Class FB Interest Accrual Amount for such Distribution

Date

2. To FB, in reduction of its Class Principal Balance, up to the amount of the Class FB Principal

Distribution Amount for such Distribution Date, until retired

3. To BI, until the Class BI Deferred Interest Amount is reduced to zero

SECURITY GROUP 4

The Group 4 Available Distribution Amount will be allocated in the following order of priority:

1. Concurrently, to BF and IB, pro rata based on their respective Interest Accrual Amounts, up to

the Class BF Interest Accrual Amount and the Class IB Interest Accrual Amount for such Distribution

Date

2. To BF, in reduction of its Class Principal Balance, up to the amount of the Class BF Principal

Distribution Amount for such Distribution Date, until retired

3. To IB, until the Class IB Deferred Interest Amount is reduced to zero

SECURITY GROUP 5

The Group 5 Available Distribution Amount will be allocated in the following order of priority:

1. Concurrently, to CF and IC, pro rata based on their respective Interest Accrual Amounts, up to

the Class CF Interest Accrual Amount and the Class IC Interest Accrual Amount for such Distribution

Date

2. To CF, in reduction of its Class Principal Balance, up to the amount of the Class CF Principal

Distribution Amount for such Distribution Date, until retired

3. To IC, until the Class IC Deferred Interest Amount is reduced to zero

SECURITY GROUP 6

The Group 6 Available Distribution Amount will be allocated in the following order of priority:

1. Concurrently, to DI and FD, pro rata based on their respective Interest Accrual Amounts, up to

the Class DI Interest Accrual Amount and the Class FD Interest Accrual Amount for such Distribution

Date

2. To FD, in reduction of its Class Principal Balance, up to the amount of the Class FD Principal

Distribution Amount for such Distribution Date, until retired

3. To DI, until the Class DI Deferred Interest Amount is reduced to zero

S-8
SECURITY GROUP 7

The Group 7 Available Distribution Amount will be allocated in the following order of priority:

1. Concurrently, to DF and ID, pro rata based on their respective Interest Accrual Amounts, up to

the Class DF Interest Accrual Amount and the Class ID Interest Accrual Amount for such Distribution

Date

2. To DF, in reduction of its Class Principal Balance, up to the amount of the Class DF Principal

Distribution Amount for such Distribution Date, until retired

3. To ID, until the Class ID Deferred Interest Amount is reduced to zero

SECURITY GROUP 8

The Group 8 Available Distribution Amount will be allocated in the following order of priority:

1. Concurrently, to EI and FE, pro rata based on their respective Interest Accrual Amounts, up to

the Class EI Interest Accrual Amount and the Class FE Interest Accrual Amount for such Distribution

Date

2. To FE, in reduction of its Class Principal Balance, up to the amount of the Class FE Principal

Distribution Amount for such Distribution Date, until retired

3. To EI, until the Class EI Deferred Interest Amount is reduced to zero

SECURITY GROUP 9

The Group 9 Available Distribution Amount will be allocated in the following order of priority:

1. Concurrently, to EF and IE, pro rata based on their respective Interest Accrual Amounts, up to

the Class EF Interest Accrual Amount and the Class IE Interest Accrual Amount for such Distribution

Date

2. To EF, in reduction of its Class Principal Balance, up to the amount of the Class EF Principal

Distribution Amount for such Distribution Date, until retired

3. To IE, until the Class IE Deferred Interest Amount is reduced to zero

SECURITY GROUP 10

The Group 10 Available Distribution Amount will be allocated in the following order of priority:

1. Concurrently, to FG and GI, pro rata based on their respective Interest Accrual Amounts, up to

the Class FG Interest Accrual Amount and the Class GI Interest Accrual Amount for such Distribution

Date

2. To FG, in reduction of its Class Principal Balance, up to the amount of the Class FG Principal

Distribution Amount for such Distribution Date, until retired

3. To GI, until the Class GI Deferred Interest Amount is reduced to zero

SECURITY GROUP 11

The Group 11 Available Distribution Amount will be allocated in the following order of priority:

1. Concurrently, to GF and IG, pro rata based on their respective Interest Accrual Amounts, up to

the Class GF Interest Accrual Amount and the Class IG Interest Accrual Amount for such Distribution

Date

2. To GF, in reduction of its Class Principal Balance, up to the amount of the Class GF Principal

Distribution Amount for such Distribution Date, until retired

3. To IG, until the Class IG Deferred Interest Amount is reduced to zero

S-9
SECURITY GROUP 12

The Group 12 Available Distribution Amount will be allocated in the following order of priority:

1. Concurrently, to FH and HI, pro rata based on their respective Interest Accrual Amounts, up to

the Class FH Interest Accrual Amount and the Class HI Interest Accrual Amount for such Distribution

Date

2. To FH, in reduction of its Class Principal Balance, up to the amount of the Class FH Principal

Distribution Amount for such Distribution Date, until retired

3. To HI, until the Class HI Deferred Interest Amount is reduced to zero

SECURITY GROUP 13

The Group 13 Available Distribution Amount will be allocated in the following order of priority:

1. Concurrently, to HF and IH, pro rata based on their respective Interest Accrual Amounts, up to

the Class HF Interest Accrual Amount and the Class IH Interest Accrual Amount for such Distribution

Date

2. To HF, in reduction of its Class Principal Balance, up to the amount of the Class HF Principal

Distribution Amount for such Distribution Date, until retired

3. To IH, until the Class IH Deferred Interest Amount is reduced to zero

SECURITY GROUP 14

The Group 14 Available Distribution Amount will be allocated in the following order of priority:

1. Concurrently, to IK and KF, pro rata based on their respective Interest Accrual Amounts, up to

the Class IK Interest Accrual Amount and the Class KF Interest Accrual Amount for such Distribution

Date

2. To KF, in reduction of its Class Principal Balance, up to the amount of the Class KF Principal

Distribution Amount for such Distribution Date, until retired

3. To IK, until the Class IK Deferred Interest Amount is reduced to zero

SECURITY GROUP 15

The Group 15 Available Distribution Amount will be allocated in the following order of priority:

1. Concurrently, to FL and LI, pro rata based on their respective Interest Accrual Amounts, up to

the Class FL Interest Accrual Amount and the Class LI Interest Accrual Amount for such Distribution

Date

2. To FL, in reduction of its Class Principal Balance, up to the amount of the Class FL Principal

Distribution Amount for such Distribution Date, until retired

3. To LI, until the Class LI Deferred Interest Amount is reduced to zero

SECURITY GROUP 16

The Group 16 Available Distribution Amount will be allocated in the following order of priority:

1. Concurrently, to IL and LF, pro rata based on their respective Interest Accrual Amounts, up to

the Class IL Interest Accrual Amount and the Class LF Interest Accrual Amount for such Distribution

Date

2. To LF, in reduction of its Class Principal Balance, up to the amount of the Class LF Principal

Distribution Amount for such Distribution Date, until retired

3. To IL, until the Class IL Deferred Interest Amount is reduced to zero

S-10
Available Distribution Amount: For each of Security Groups 1, 2 and 5 through 16, with respect to

each Distribution Date, the excess, if any, of (a) the sum of (i) the product of (A) the original principal

amount of the related HECM MBS or Ginnie Mae Platinum Certificate backed by HECM MBS, as applicable, and (B) the Certificate Factor (including Ginnie Mae Platinum Factor) or Calculated Certificate

Factor, as applicable, for the preceding Distribution Date and (ii) the interest accrued with respect to such

HECM MBS or Ginnie Mae Platinum Certificate backed by HECM MBS, as applicable, for the related

Accrual Period over (b) the product of (i) the original principal amount of such HECM MBS or Ginnie Mae

Platinum Certificate backed by HECM MBS, as applicable, and (ii) the Certificate Factor (including Ginnie

Mae Platinum Factor) or Calculated Certificate Factor, as applicable, for the current Distribution Date. For

each of Security Groups 3 and 4, with respect to each Distribution Date, the amounts received in respect

of the Group 3 and 4 Trust Assets, as applicable, on such Distribution Date.

For purposes of the definitions herein, the following Security and Trust Asset Groups and Classes are

related and categorized as follows:

Principal Bearing Classes

Security Trust Asset Interest Only Stripped Principal Other Principal
 

Group Group Classes Bearing Classes Bearing Classes
 

1 1 AI FA N/A

2 2 IA AF N/A

3 3 BI FB N/A

4 4 IB BF N/A

5 5 IC CF N/A

6 6 DI FD N/A

7 7 ID DF N/A

8 8 EI FE N/A

9 9 IE EF N/A

10 10 GI FG N/A

11 11 IG GF N/A

12 12 HI FH N/A

13 13 IH HF N/A

14 14 IK KF N/A

15 15 LI FL N/A

16 16 IL LF N/A

Deferred Interest Amount for each Interest Only Class (other than the MX Classes): With

respect to any Distribution Date, the excess, if any, of (i) the sum of all Interest Accrual Amounts for such

Interest Only Class for each Accrual Period ending before such Distribution Date over (ii) the sum of

(a) all amounts distributed in respect of such Class on all prior Distribution Dates plus (b) the amount distributed as an Interest Accrual Amount in respect of such Class on such Distribution Date, as specified for

the related Security Group in “Terms Sheet — Distributions” in this Supplement. On or about each Distribution Date, the Deferred Interest Amount is available on reports published by the Trustee on its website,

www.usbank.com/abs.

Deferred Interest Amount for Classes CI, IM, IN, IO, IP, NI, PI and QI: With respect to any Distribution Date, the sum of the Deferred Interest Amounts for the related REMIC Classes shown on Schedule I

to this Supplement.

Interest Accrual Amount for each Interest Only Class (other than the MX Classes): For any Distribution Date, interest accrued during the related Accrual Period for such Distribution Date at the related

Interest Rate on the Class Notional Balance of such Class as of the related Record Date.

Interest Accrual Amount for Classes CI, F, FC, FM, IM, IN, IO, IP, MF, NI, PI and QI: For any Distribution Date, the sum of the Interest Accrual Amounts for the related REMIC Classes shown on

Schedule I to this Supplement.

S-11
Interest Accrual Amount for Principal Bearing Classes (other than the MX Classes): For any Distribution Date, interest accrued during the related Accrual Period for such Distribution Date at the related

Interest Rate on the Class Principal Balance of such Class as of the related Record Date.

Principal Distribution Amount for each Stripped Principal Bearing Class: For any Distribution

Date, the product of (i) the excess, if any, of (a) the related Group Available Distribution Amount for such

Distribution Date over (b) the sum of the Interest Accrual Amount for the Stripped Principal Bearing Class

and the Interest Accrual Amount for the related Interest Only Class for such Distribution Date, and (ii) the

quotient of (a) the Class Principal Balance of the Stripped Principal Bearing Class as of the related Record

Date divided by (b) the sum of (x) the Class Principal Balance of the Stripped Principal Bearing Class as of

the related Record Date and (y) the Deferred Interest Amount of the related Interest Only Class as of the

related Record Date.

Notional Classes: The Notional Classes will not receive distributions of principal based on their Class

Notional Balances but have Class Notional Balances for convenience in describing their entitlements to

interest. The Class Notional Balance of each Notional Class represents the percentage indicated below of,

and reduces or increases to that extent with, the outstanding principal balance of the related Trust Asset

Group or Groups indicated:

Original Class

Class Notional Balance Represents

Security Group 1

AI ....................... $ 83,000,000 100% of the Group 1 Trust Assets

Security Group 2

IA ....................... 28,842,243 100% of the Group 2 Trust Assets

Security Group 3

BI ....................... 17,407,716 100% of the Group 3 Trust Assets

Security Group 4

IB ....................... 5,750,927 100% of the Group 4 Trust Asset

Security Groups 3 and 4

CI ....................... 23,158,643 100% of the Group 3 Trust Assets and the Group 4

Trust Asset (in the aggregate)

Security Group 5

IC ....................... 24,279,881 100% of the Group 5 Trust Assets

Security Groups 1, 2 and 5

IO ....................... 136,122,124 100% of the Group 1 Trust Assets, the Group 2 Trust

Assets and the Group 5 Trust Assets (in the aggregate)

Security Group 6

DI ....................... 22,766,478 100% of the Group 6 Trust Assets

Security Group 7

ID ....................... 22,220,234 100% of the Group 7 Trust Assets

Security Group 8

EI ....................... 7,814,289 100% of the Group 8 Trust Assets

Security Groups 6 and 8

IM ....................... 30,580,767 100% of the Group 6 Trust Assets and the Group 8

Trust Assets (in the aggregate)

Security Group 9

IE ....................... 9,656,147 100% of the Group 9 Trust Assets

Security Groups 6, 7, 8 and 9

IN ....................... 62,457,148 100% of the Group 6 Trust Assets, the Group 7 Trust

Assets, the Group 8 Trust Assets and the Group 9 Trust

Assets (in the aggregate)

S-12
Original Class

Class Notional Balance Represents

Security Groups 7 and 9

NI ....................... $ 31,876,381 100% of the Group 7 Trust Assets and the Group 9

Trust Assets (in the aggregate)

Security Group 10

GI ....................... 19,744,873 100% of the Group 10 Trust Assets

Security Group 11

IG ....................... 14,976,528 100% of the Group 11 Trust Assets

Security Group 12

HI ....................... 25,771,028 100% of the Group 12 Trust Assets

Security Group 13

IH ....................... 15,979,678 100% of the Group 13 Trust Assets

Security Group 14

IK ....................... 17,247,706 100% of the Group 14 Trust Assets

Security Groups 10, 11, 12, 13

and 14

IP ....................... 93,719,813 100% of the Group 10 Trust Assets, the Group 11 Trust

Assets, the Group 12 Trust Assets, the Group 13 Trust

Assets and the Group 14 Trust Assets (in the aggregate)

Security Group 15

LI ....................... 8,014,645 100% of the Group 15 Trust Assets

Security Group 16

IL ....................... 13,000,000 100% of the Group 16 Trust Assets

Security Groups 10, 11, 12, 13,

14, 15 and 16

PI ....................... 114,734,458 100% of the Group 10 Trust Assets, the Group 11 Trust

Assets, the Group 12 Trust Assets, the Group 13 Trust

Assets, the Group 14 Trust Assets, the Group 15 Trust

Assets and the Group 16 Trust Assets (in the aggregate)

Security Groups 15 and 16

QI ....................... 21,014,645 100% of the Group 15 Trust Assets and the Group 16

Trust Assets (in the aggregate)

Tax Status: Double REMIC Series as to each of the following Groups of Trust Assets and related Trust

REMICs:

Trust Assets Trust REMIC

Group 1 Trust Assets Group 1 Pooling REMIC and Group 1 Issuing REMIC

Group 2 Trust Assets Group 2 Pooling REMIC and Group 2 Issuing REMIC

Group 3 Trust Assets Group 3 Pooling REMIC and Group 3 Issuing REMIC

Group 4 Trust Asset Group 4 Pooling REMIC and Group 4 Issuing REMIC

Group 5 Trust Assets Group 5 Pooling REMIC and Group 5 Issuing REMIC

Group 6 through 16 Trust Assets Group 6 through 16 Pooling REMIC and Group 6 through 16 Issuing REMIC

Separate REMIC elections will be made as to each of the Trust REMICs identified above. See “Certain

United States Federal Income Tax Consequences” in this Supplement and in the Base Offering Circular.

Regular and Residual Classes: Classes RR, RR1, RR2, RR3, RR4 and RR5 are Residual Classes. Each of

the Residual Classes represents the Residual Interest of the related Trust REMICs, as described under

“Certain United States Federal Income Taxes — Residual Securities” in this Supplement. All other Classes of

REMIC Securities are Regular Classes. See “Certain United States Federal Income Tax Consequences” in this

Supplement and in the Base Offering Circular.

S-13
RISK FACTORS

You should purchase securities only if you understand and are able to bear the associated risks.

The risks applicable to your investment depend on the principal and interest type of your securities.

This section highlights certain of these risks.

The rate of principal payments on the

HECMs related to the participations underlying the trust assets will affect the rate of

principal payments on your securities. The

rate at which you will receive principal payments

will depend largely on the rate of principal payments, including prepayments, on the HECMs

related to the participations underlying the trust

assets. Any historical data regarding mortgage

loan prepayment rates may not be indicative of

the rate of future prepayments on the related

HECMs, and no assurances can be given about the

rates at which the related HECMs will prepay. We

expect the rate of principal payments on the

HECMs related to the participations underlying the

trust assets to vary. Borrowers generally may

prepay their HECMs at any time without penalty.

In addition to voluntary prepayments, HECMs can

be prepaid as a result of governmental mortgage

insurance claim payments, loss mitigation arrangements, repurchases or liquidations of defaulted

HECMs. Although under certain circumstances

Ginnie Mae issuers have the option to repurchase

defaulted HECMs from the related pool underlying a Ginnie Mae HECM MBS certificate, they are

not obligated to do so. Defaulted HECMs that

remain in pools backing Ginnie Mae HECM MBS

certificates may be subject to governmental mortgage insurance claim payments, loss mitigation

arrangements or foreclosure, which could have

the same effect as voluntary prepayments on the

cash flow available to pay the securities.

A catastrophic weather event, pandemic or other

natural disaster may affect the rate of principal

payments, including prepayments, on the related

HECMs. Any such event may damage the related

mortgaged properties that secure the HECMs or

may lead to a general economic downturn in the

affected regions, including job losses and declines

in real estate values. A general economic downturn may increase the rate of defaults on the

HECMs in such areas resulting in prepayments on

the HECMs related to the participations underlying the trust assets due to governmental mortgage

insurance claim payments, loss mitigation arrangements, repurchases or liquidations of defaulted

HECMs. Insurance payments on damaged or

destroyed homes may also lead to prepayments

on the related HECMs. Further, in connection with

presidentially declared major disasters, Ginnie

Mae may authorize optional special assistance to

issuers, including expanded buyout authority

which allows issuers, upon receiving written

approval from Ginnie Mae, to repurchase eligible

HECMs from the related pool underlying a Ginnie

Mae MBS certificate, even if such HECMs do not

otherwise meet the standard conditions for

removal or repurchase.

No assurances can be given as to the timing or

frequency of any governmental mortgage insurance claim payments, issuer repurchases, loss

mitigation arrangements or foreclosure proceedings with respect to defaulted HECMs and the

resulting effect on the timing or rate of principal

payments on your securities.

It is uncertain when payments will be made

in respect of securities backed by HECM

MBS. The rate of voluntary prepayments and

the occurrence of maturity events and Ginnie Mae

issuer purchase events with respect to HECMs are

uncertain. A borrower may prepay in whole or in

part the outstanding balance of a HECM at any

time without penalty, including any accrued interest thereon. No interest or principal is required to

be paid by the borrower, however, until maturity,

which generally occurs upon the occurrence of a

maturity event, which may be deferred under certain circumstances. A Ginnie Mae issuer of a

HECM MBS is obligated to purchase, under certain circumstances, all participations related to a

HECM.

It is uncertain when any amounts might be paid

on securities backed by HECM MBS because it is

uncertain (i) whether a HECM borrower will

choose to prepay amounts advanced in whole or

in part, (ii) when any maturity event might occur,

whether that maturity event will be deferred and,

if so, the extent of the deferral, and (iii) when any

Ginnie Mae issuer purchase event might occur,

and thus the yields on and weighted average lives

of securities backed by HECM MBS may differ

substantially from an investor’s expectations. See

“Risk Factors” and “Prepayment and Yield Considerations” in the HECM MBS Base Prospectus and

“Yield, Maturity and Prepayment Considerations”

in this supplement.

S-14
From time to time FHA and the residential mortgage industry make changes to the requirements,

procedures and related fees for originating, refinancing and servicing HECMs. Any of these

changes may result in HECM MBS backed by participations related to HECMs subject to different

underwriting or servicing requirements or procedures. Such changes may impact borrower

prepayment, delinquency, refinance and mortgage insurance claim rates and may influence the

decision by a Ginnie Mae issuer whether to exercise any optional Ginnie Mae issuer purchase

event.

The enforceability of some HECM maturity

event clauses may be uncertain. HECMs

contain clauses defining maturity events. The

clauses in some HECMs permit the issuer to

declare the HECM due and payable upon the

death of the last surviving borrower. Litigation by

surviving non-borrower spouses may interfere

with or affect the ability of the issuer to realize

upon the collateral. The inability to enforce a

due-on-death clause may affect the weighted average lives and the yields realized by investors in

the securities.

Rates of principal payments can reduce

your yield. The yield on your securities probably will be lower than you expect if:

•	 you bought your securities at a premium

(interest only securities, for example)

and principal payments are faster than

you expected, or

•	 you bought your securities at a discount

and principal payments are slower than

you expected.

In addition, if your securities are interest only

securities or securities purchased at a significant

premium, you could lose money on your investment if prepayments occur at a rapid rate.

HECM borrowers may choose from various

payment plans, each of which has different

prepayment characteristics that may affect

the weighted average lives and yields of the

securities. For example, line of credit payment

plans may experience higher prepayment rates

than other payment plans. To the extent that the

HECMs include a large concentration of line of

credit HECMs, such HECMs may experience

higher prepayment rates. Higher prepayment rates

will reduce, perhaps significantly, the weighted

average lives of the securities. Reductions in the

weighted average lives of the securities will affect

the yields on the securities. HECM borrowers may

have the ability to change to another available

payment plan at any time as long as the change

complies with the FHA requirements in effect. See

“The Trust Assets — The Participations and the

HECMs” in this supplement.

A HECM that has been drawn up to its principal limit, or becomes drawn up to its

principal limit early in its term, could result

in a reduction of the weighted average lives

of and yields on the related securities. A

borrower’s principal limit for a HECM represents

the maximum disbursement that the borrower can

receive under the HECM and is calculated, in part,

on the basis of the maximum claim amount for

such HECM. The borrower’s access to the principal limit may be restricted by the FHA loan

origination requirements applicable to the related

HECM. The maximum claim amount for a HECM

generally represents the lender’s maximum insurance claim from HUD for such HECM. A HECM

with a loan balance that is approaching or has

reached its principal limit, or that is fully drawn

early in its term, is likely to reach its maximum

claim amount sooner than a HECM with significant remaining credit availability that is drawn

over an extended period of time. When a HECM

approaches its maximum claim amount, a mandatory purchase event or a 98% optional purchase

event may occur. If a purchase of all participations relating to a HECM occurs under such a

Ginnie Mae issuer purchase event, the purchase

will result in a payment in respect of the related

securities and will reduce the weighted average

lives of such securities. Reductions in the

weighted average lives of the securities will affect,

perhaps significantly, the yields on the securities.

The Underlying Certificate WACR of the

group 3 and 4 trust assets may limit the

amount of interest distributed to or accrued

on the related floating rate and notional

classes. The interest entitlements of Classes BF

and FB, as applicable, are capped at the Underlying Certificate WACR of the related trust assets,

which are underlying certificates. In turn, the

interest entitlements of each of the underlying certificates included in trust asset groups 3 and 4 are

capped at the WACR of its related underlying trust

assets, in each case as described in the related

underlying certificate disclosure document.

If the Underlying Certificate WACR of the group

3 and 4 trust assets is equal to or lower than the

interest rate on the related floating rate class

S-15
based on the interest rate formula as shown under

“Terms Sheet — Interest Rates” in this supplement

for any accrual period, interest entitlements with

respect to Classes BI and IB, as applicable, may

be reduced to zero because such class is entitled

to receive the excess of interest accrued in respect

of the related trust assets over the interest accrued

on the related floating rate class.

In addition, if the Underlying Certificate WACR of

the group 3 and 4 trust assets is lower than the

interest rate on Classes BF or FB, as applicable,

based on its related interest rate formula as shown

under “Terms Sheet — Interest Rates” in this

supplement for any accrual period, interest accruing on such floating rate class will be reduced

because the interest rate on such class is capped

at a rate equal to the Underlying Certificate WACR

of the related trust assets.

The levels of any interest rate indices applicable to the Trust Assets or securities will

affect payments and yields on the securities. If any interest rate index applicable to the

Trust Assets or the securities performs differently

from what you expect, the yield on your securities may be lower than you expect. Lower levels

of any applicable interest rate index may reduce

the yield on floating rate securities. You should

bear in mind that the timing of changes in any

applicable interest rate index may also affect your

yield: generally the earlier a change in an applicable interest rate index occurs, the greater the

effect such change will have on your yield. It is

doubtful that any applicable interest rate index

will remain constant.

In addition, higher levels of any interest rate index

applicable to adjustable rate HECMs will increase

the rate at which such HECMs reach their maximum claim amounts. When a HECM approaches

its maximum claim amount, certain Ginnie Mae

issuer purchase events could occur resulting in a

prepayment in respect of the related securities

and reductions in the weighted average lives of

the related securities. Reductions in the weighted

average lives of the securities will affect, perhaps

significantly, the yields on the securities.

The applicable interest rate indices for the Trust

Assets and securities are identified under “Terms

Sheet — Trust Assets” and “— Interest Rates” in

this supplement.

Adjustable rate HECMs are subject to limitations on interest rate adjustments, which

may limit the amount of interest payable in

respect of the related HECM MBS and may

limit the WACR on the related HECM MBS

and the interest rates on the securities. If

the applicable interest rate index increases to a

sufficiently high level, the interest rates on the

adjustable rate HECMs related to the participations directly or indirectly underlying the trust

assets may be limited by caps. As a result, the

WACR on the related HECM MBS, as well as the

interest rates on the related securities, may be limited. The application of any caps on the adjustable

rate HECMs may significantly impact the interest

rates on the interest only classes because the

interest entitlement of such classes of securities is

entirely dependent on the WACR or Underlying

Certificate WACR of the related trust asset group.

The maximum rate on each floating rate

class could limit the amount of interest that

accrues on such class. Each of Classes FL and

LF is subject to a maximum rate which is equal to

the lesser of the related maximum rate set forth

under “Terms Sheet — Interest Rates” for that class

and the WACR for the related trust asset group. If

30-day Average SOFR exceeds certain levels, the

interest rate on each of Classes FL and LF may be

capped at the related maximum rate set forth

under “Terms Sheet — Interest Rates” for that

class, even in instances when such rate is less than

the WACR for the related trust asset group. The

maximum rate on each of Classes F, FC, FM and

MF is limited by the interest accrued on its related

REMIC classes. If 30-day Average SOFR exceeds

certain levels, the interest rate on each of Classes

F, FC, FM and MF will be capped to the extent that

the interest rates on its related REMIC classes are

capped as described in the next sentence. Each

Floating Rate Class (other than Classes F, FC, FL,

FM, LF and MF) is subject to a maximum rate that

is equal to the WACR or Underlying Certificate

WACR as applicable, for the related trust asset

group.

The mortgage interest rate index for the

HECMs related to the participations directly

or indirectly underlying the trust assets is

different than the interest rate index for the

related securities, which may impact, perhaps significantly, the amount of interest

distributable to the securities after any

applicable initial fixed rate period of the

related HECMs. Because of the differences in

how, when and how often the applicable interest

rate index for such HECMs is determined compared to how, when and how often the related

securities interest rate index is determined, there

S-16
may be a mismatch between the interest rates on

the trust assets and the interest rates on the

related securities. In addition, the HECMs related

to the trust assets may have different monthly or

annual interest rate adjustment dates, which may

affect the WACR of the related HECM MBS and the

interest entitlements of the trust assets and may

magnify the difference between the WACR of the

trust assets and the interest rates on the related

securities.

If the applicable interest rate index for such

HECMs is lower than the related securities interest

rate index for any accrual period, interest accruals

with respect to the related notional class may be

reduced because such notional class is entitled to

receive the excess of interest accrued in respect of

the related trust assets, as applicable, over the

interest distributable to the related floating rate

class. In addition, if the applicable interest rate

index for such HECMs is significantly lower than

the related securities interest rate index for any

accrual period, interest accruing on the related

floating rate class may be reduced because the

interest rate on such floating rate class is capped

at a rate equal to the WACR or Underlying Certificate WACR of the related trust assets, as

applicable. In the event that the applicable interest rate index for such HECMs is higher than the

related securities interest rate index, interest

accruing on the related floating rate class may not

be affected but interest accruals with respect to

the related notional class will be increased.

An investment in the securities is subject to

significant reinvestment risk. The rate of

principal payments on your securities is uncertain. You may be unable to reinvest the payments

on your securities at the same returns provided by

the securities. Lower prevailing interest rates may

result in an unexpected return of principal. In that

interest rate climate, higher yielding reinvestment

opportunities may be limited. Conversely, higher

prevailing interest rates may result in slower

returns of principal and you may not be able to

take advantage of higher yielding investment

opportunities. The final payment on your security

may occur much earlier than the final distribution

date.

The rate of reduction or increase in the principal balance of the underlying certificates

will directly affect the rate of reduction or

increase in the principal and notional balances of the group 3 and 4 securities. The

underlying certificates will be sensitive to the rate

of payments of principal (including prepayments)

of the related HECMs. This supplement contains

no information as to whether the underlying certificates have performed as originally anticipated.

Additional information as to the underlying certificates may be obtained by performing an analysis

of the current class factors of the underlying certificates in light of applicable information

contained in the underlying certificate disclosure

documents.

An investment in the securities entails risks

not associated with an investment in conventional fixed rate securities or securities

linked to established market indices. The

Federal Reserve Bank of New York began to publish SOFR in April 2018 and compounded

averages of SOFR in March 2020. Although the

Federal Reserve Bank of New York has also published historical indicative SOFR from August 2014

to March 2018, such pre-publication data necessarily involves assumptions, estimates and

approximations. You should not rely on any historical changes or trends in SOFR as an indicator

of future changes in SOFR. Daily shifts in SOFR

have been, and may in the future be, greater than

those in comparable market indices. Because the

interest rate applicable to any accrual period for

securities with an interest rate based on SOFR will

be calculated by reference to the daily rates of

SOFR during an approximate 30-day period commencing and ending before the related accrual

period as described under “Description of the

Securities — Interest Distributions — Floating Rate

Classes” in this supplement, the return on and

value of the securities may fluctuate more than

debt securities linked to less volatile indices.

30-day Average SOFR is a relatively new market

index and the securities will likely have no established trading market when issued, and an

established trading market may never develop or,

if developed, may not be liquid. Market terms for

securities indexed to 30-day Average SOFR may

evolve over time, and trading prices of some securities indexed to 30-day Average SOFR may be

lower than those of later-issued securities as a

result. Similarly, if 30-day Average SOFR does not

prove to be widely used in similar securities, the

trading price of related SOFR-Based Classes

may be lower than those of securities linked

to indices that are more widely used. Investors in

SOFR-Based Classes may not be able to sell their

securities at all or may not be able to sell their

S-17
securities at prices that will provide them with a

yield comparable to similar investments that have

a developed secondary market, and may consequently suffer from increased pricing volatility and

market risk.

You should consult your own financial and legal

advisors about the risks associated with an investment in the securities and the suitability of

investing in the securities in light of your particular circumstances.

Interest on the floating rate securities will be

determined using a replacement rate if

30-day Average SOFR is no longer available,

which could adversely affect the value of

your investment in the securities. 30-day

Average SOFR is published by the Federal Reserve

Bank of New York based on data received from

other sources, and neither Ginnie Mae nor the

trustee has any control over its determination, calculation or publication. The activities of the

Federal Reserve Bank of New York may directly

affect prevailing 30-day Average SOFR in unpredictable ways. There can be no guarantee that

30-day Average SOFR will not be discontinued or

fundamentally altered in a manner that is materially adverse to the interests of holders of securities

indexed to 30-day Average SOFR. If the manner in

which 30-day Average SOFR is calculated is

changed or if 30-day Average SOFR is discontinued, that change or discontinuance may result in a

reduction of the amount of interest payable on

applicable SOFR-Based Classes and the trading

prices of such Classes.

The Federal Reserve Bank of New York has noted

that it may alter the methods of calculation, publication schedule, rate revision practices or

availability of 30-day Average SOFR at any time

without notice. There can be no assurance that

30-day Average SOFR will not be discontinued or

fundamentally altered in a manner that is materially adverse to the interests of investors in the

securities.

If 30-day Average SOFR is no longer published or

cannot be used, the amount of interest payable on

the floating rate securities will be determined

using a replacement rate, as described under

“Description of the Securities — Interest Rate Indices — Benchmark Replacement” in the Base

Offering Circular. Ginnie Mae will have the sole

discretion to make conforming changes in connection with any replacement rate without

the consent of security holders or any other party,

as described under “Description of the

Securities — Interest Rate Indices — Benchmark

Replacement” in the Base Offering Circular. This

could reduce the amount of interest payable on

the floating rate securities, which could adversely

affect the return on, value of, and market for, the

securities. Furthermore, there can be no assurance that the characteristics of any replacement

rate will be similar to 30-day Average SOFR or that

any replacement rate will produce the economic

equivalent of 30-day Average SOFR.

The securities may not be a suitable investment for you. The securities, especially the

group 3 and 4 securities and, in particular, the

interest only and residual classes, are not suitable

investments for all investors.

In addition, although the sponsor intends to make

a market for the purchase and sale of the securities after their initial issuance, it has no obligation

to do so. There is no assurance that a secondary

market will develop, that any secondary market

will continue, or that the price at which you can

sell an investment in any class will enable you to

realize a desired yield on that investment.

You will bear the market risks of your investment.

The market values of the classes are likely to fluctuate. These fluctuations may be significant and

could result in significant losses to you.

The secondary markets for mortgage-related securities have experienced periods of illiquidity and

can be expected to do so in the future. Illiquidity

can have a severely adverse effect on the prices of

classes that are especially sensitive to prepayment

or interest rate risk or that have been structured to

meet the investment requirements of limited categories of investors.

The residual securities may experience significant

adverse tax timing consequences. Accordingly,

you are urged to consult tax advisors and to consider the after-tax effect of ownership of a residual

security and the suitability of the residual securities to your investment objectives. See “Certain

United States Federal Income Tax Consequences”

in this supplement and in the Base Offering

Circular.

You are encouraged to consult advisors regarding

the financial, legal, tax and other aspects of an

investment in the securities. You should not purchase the securities of any class unless you

understand and are able to bear the prepayment,

yield, liquidity and market risks associated with

that class.

The actual characteristics of the HECMs and

the participations underlying the trust

S-18
assets and the underlying certificates affect

the weighted average lives and yields of your

securities. The yield and decrement tables in

this supplement are based on assumed characteristics that are likely to be different from the actual

characteristics. Furthermore, certain of the

assumed characteristics identified in Exhibits A

and E to this supplement, such as maximum claim

amount and HECM MBS or Ginnie Mae Platinum

Certificate principal balance, are calculated on an

aggregate basis which may cause results to differ,

perhaps significantly, from those calculated using

the actual characteristics of the trust assets on a

HECM or participation level basis. As a result, the

yields on your securities could be lower than you

expected, even if the HECMs prepay at the con

stant prepayment rates set forth in the applicable

table.

It is highly unlikely that the HECMs will prepay at

any of the prepayment rates assumed or draw at

any of the draw rates assumed, if any, in this

supplement, or at any constant rate.

Lack of publicly available information on

the HECMs and the related participations

underlying the trust assets may adversely

affect the liquidity of your securities. Limited information will be made publicly available

regarding the performance of the HECMs and the

related participations underlying the trust assets

after the closing date. The absence of publicly

available information may affect your ability to sell

your securities to prospective investors.

S-19
THE TRUST ASSETS

General

The Sponsor intends to acquire the Trust Assets in privately negotiated transactions prior to the Closing Date and to sell them to the Trust according to the terms of a Trust Agreement between the Sponsor

and the Trustee. The Sponsor will make certain representations and warranties with respect to the Trust

Assets. All Trust Assets, regardless of whether the assets consist of Trust MBS or the Underlying

Certificates, will evidence, directly or indirectly, Ginnie Mae Certificates.

The Trust MBS (Groups 1, 2 and 5 through 16)

The Group 1, 2 and 5 through 16 Trust Assets are HECM MBS or Ginnie Mae Platinum Certificates

backed by HECM MBS guaranteed by Ginnie Mae, and are based on or backed by Participations in

advances made to borrowers and related amounts in respect of HECMs. Each such HECM MBS will accrue

interest at the interest rate for that HECM MBS for each accrual period (the “HECM MBS Rate”) as set forth

in the related HECM MBS Disclosure Documents. The HECM MBS Rate is generally equal to the weighted

average of the interest rates on the Participations (each, the “Participation Interest Rate”).

The interest rate of HECM MBS backed by Participations related to adjustable rate HECMs may be limited by caps on the adjustable rate HECMs. See “Risk Factors — Adjustable rate HECMs are subject to

limitations on interest rate adjustments, which may limit the amount of interest payable in respect of the

related HECM MBS and may limit the WACR on the related HECM MBS and the interest rates on the

securities” in this Supplement.

With respect to each Participation, the Participation Interest Rate generally equals the interest rate of

the related HECM less the Servicing Fee Margin. The Servicing Fee Margin generally represents the amount

of the servicing compensation payable to the Ginnie Mae Issuer and the Ginnie Mae guaranty fee. However, the Servicing Fee Margin may vary depending on the Issue Date of the HECM MBS and whether the

servicing compensation for the HECM is paid on a flat monthly fee arrangement or as a portion of the

mortgage interest rate.

Amounts accrued on each HECM MBS in respect of interest each month will equal the product of

(i) one-twelfth of the HECM MBS Rate and (ii) the unpaid and outstanding principal amount of such

HECM MBS at the end of the prior month. Each month the accrued interest with respect to each HECM

MBS will be added to the then outstanding principal balance of such HECM MBS. There are no scheduled

payments of interest. It is generally anticipated that no payment in respect of any HECM MBS will be paid

until the occurrence of a Maturity Event, which may be deferred in certain circumstances, or in the event

that a borrower makes a voluntary prepayment in whole or in part of the outstanding principal balance of

the related HECM or a Ginnie Mae Issuer purchase event occurs.

The HECM MBS Disclosure Documents or Platinum Certificate Disclosure Documents may be

obtained from the Information Agent as described under “Available Information” in this Supplement. Investors are cautioned that material changes in facts and circumstances may have occurred since the date of

the HECM MBS Disclosure Documents or Platinum Certificate Disclosure Documents, including changes in

prepayment rates, prevailing interest rates and other economic factors, which may limit the usefulness of,

and be directly contrary to the assumptions used in preparing the information included in, the offering

document.

Ginnie Mae Platinum Program. Under the Ginnie Mae Platinum Program, the holder of a number

of Ginnie Mae I Certificates or Ginnie Mae II Certificates may deposit those certificates into a trust, and in

each case, the depositor will receive a larger denominated Ginnie Mae Platinum Certificate. If the Ginnie

Mae I Certificates or Ginnie Mae II Certificates deposited bear a fixed rate of interest, then all certificates

(other than HECM MBS) deposited must bear the same fixed rate. Fixed rate HECM MBS may be combined with other fixed rate HECM MBS in exchange for a Ginnie Mae Platinum Certificate that bears

interest at the weighted average coupon of the deposited HECM MBS. Adjustable rate Ginnie Mae II Certificates may be combined with other adjustable rate Ginnie Mae II Certificates with the same index and

periodic and lifetime caps, but without regard to interest rate or payment adjustment dates, in exchange

for a Ginnie Mae Platinum Certificate that bears interest at the weighted average coupon of the deposited

S-20
Ginnie Mae II Certificates. For purposes of the Base Offering Circular and this Offering Circular Supplement, (a) the term “Ginnie Mae I Certificate” means a Ginnie Mae I MBS Certificate or a Ginnie Mae

Platinum Certificate backed by Ginnie Mae I MBS Certificates, and (b) the term “Ginnie Mae II Certificate”

means a Ginnie Mae II MBS Certificate or a Ginnie Mae Platinum Certificate backed by Ginnie Mae II MBS

Certificates.

The Participations and the related HECMs are further described in the tables in the Terms Sheet

hereof and in Exhibit A to this Supplement. Exhibit A also sets forth information regarding approximate

loan ages of the related HECMs and weighted average information regarding various characteristics of the

HECMs relating to the Participations underlying the related HECM MBS.

The Underlying Certificates (Group 3 and 4)

The Group 3 and 4 Trust Assets are Underlying Certificates that represent beneficial ownership

interests in separate trusts, the assets of which evidence direct or indirect beneficial ownership interests in

certain Ginnie Mae Certificates. Each Underlying Certificate constitutes all or a portion of a class of a

separate Series of certificates described in the related Underlying Certificate Disclosure Documents. Each

Underlying Certificate Disclosure Document may be obtained from ginniemae.gov or the Information

Agent as described under “Available Information” in this Supplement. Investors are cautioned that material changes in facts and circumstances may have occurred since the date of each Underlying Certificate

Disclosure Document, including changes in prepayment rates, prevailing interest rates and other economic factors, which may limit the usefulness of, and be directly contrary to the assumptions used in

preparing the information included in, such offering document. See “Underlying Certificates” in the Base

Offering Circular.

Each Underlying Certificate provides for monthly distributions and is further described in the tables

contained in Exhibits D and E to this Supplement. The tables also set forth information regarding the

approximate weighted average HECM age and gross coupon of the HECMs underlying each Underlying

Certificate.

The Participations and the HECMs

The Participations and the related HECMs underlying the Group 1, 2 and 5 through 16 Trust Assets

are expected to have, on a weighted average basis, the characteristics set forth in Exhibit A and the general characteristics described in the Base Offering Circular and the HECM MBS Disclosure Documents. The

Participations and the related HECMs underlying the Underlying Certificates are expected to have, on a

weighted average basis, the characteristics set forth in Exhibits D and E to this supplement. The

Participations are related to interests in advances made to borrowers and related amounts in respect of first

lien, single-family, adjustable rate residential HECM loans insured by the Federal Housing Administration.

See “The Ginnie Mae Certificates — General” in the Base Offering Circular.

HECM borrowers may choose from various payment plans, which may be limited or influenced by

the characteristics of their particular HECM. These characteristics include, among other things, the value of

the mortgaged property, the amount disbursed to the HECM borrower at closing, the age of the HECM

borrower and in certain cases the age of any non-borrowing spouse, and the type of interest rate selected

by the HECM borrower at closing. HECM borrowers may have the ability to change to another available

payment plan at any time as long as the change complies with FHA requirements. The “single disbursement lump sum” payment plan allows a single draw at closing of up to a specified percentage of the

principal limit of the HECM plus subsequent disbursements after closing for set-asides. The “tenure” payment plan guarantees that the borrower will receive equal monthly payments for so long as the property

remains the borrower’s principal residence. The “term” payment plan guarantees that the borrower will

receive monthly payments for a fixed term of months as selected by the borrower. The “line of credit” payment plan allows the borrower to draw up to the available line of credit and in amounts of the borrower’s

choosing. The “modified tenure” payment plan allows the borrower to set aside a portion of loan proceeds as a line of credit and receive the remaining balance in the form of equal monthly payments. The

“modified term” payment plan allows the borrower to set aside a portion of the loan proceeds as a line of

credit and receive the remaining balance as equal monthly payments for a fixed period of time selected by

the borrower. Each payment plan is designed so that no repayments of principal or interest are required

S-21
until a Maturity Event occurs, which may be deferred in certain circumstances. Any HECM may be prepaid in whole or in part at any time without penalty under each of the payment plans. See “Risk

Factors — HECM borrowers may choose from various payment plans, each of which has different prepayment characteristics that may affect the weighted average lives and yields of the securities” in this

Supplement.

Each monthly adjustable rate HECM MBS is backed by Participations related to adjustable rate HECMs

with interest rates that adjust (i) on a monthly basis, (ii) in the month immediately following the issuance

of the related HECM MBS and (iii) on the same interest rate adjustment date equal to the first day of the

month. Each annual adjustable rate HECM MBS is backed by Participations related to adjustable rate

HECMs with interest rates that adjust (i) on an annual basis, (ii) within twelve (12) months following the

issuance of the related HECM MBS and (iii) notwithstanding anything to the contrary in the HECM MBS

Disclosure Documents, on the same or different interest rate adjustment dates. See “Risk Factors — The

mortgage rate index for the HECMs related to the participations directly or indirectly underlying the trust

assets is different than the interest rate index for the related securities, which may impact, perhaps significantly, the amount of interest distributable to the securities after any applicable initial fixed rate period of

the related HECMs” in this Supplement.

Specific information regarding the individual characteristics of the Participations and the related

HECMs is not available. For purposes of this Supplement, certain assumptions have been made regarding

the characteristics of the Participations and the related HECMs. However, the actual characteristics of many

of the Participations and the related HECMs will differ from the characteristics assumed, perhaps significantly. This will be the case even if the weighted average characteristics of the Participations and the

related HECMs are the same as the assumed characteristics. Small differences in the characteristics of the

Participations and the related HECMs can have a significant effect on the Weighted Average Lives and

yields of the Securities. See “Terms Sheet — Assumed Characteristics of the HECMs and the Participations

Underlying the Group 1, 2 and 5 through 16 Trust Assets,” “Terms Sheet — Assumed Characteristics of the

HECMs and Participations Underlying the Group 3 and 4 Underlying Certificates,” “Risk Factors,” “Yield,

Maturity and Prepayment Considerations” and Exhibits A and E in this Supplement.

The Trustee Fee

The Sponsor will contribute certain Ginnie Mae Certificates in respect of the Trustee Fee. On each

Distribution Date, the Trustee will retain all principal and interest distributions received on such Ginnie

Mae Certificates in payment of the Trustee Fee.

S-22
GINNIE MAE GUARANTY

The Government National Mortgage Association (“Ginnie Mae”), a wholly-owned corporate instrumentality of the United States of America within HUD, guarantees the timely payment of principal and

interest on the Securities. The General Counsel of HUD has provided an opinion to the effect that Ginnie

Mae has the authority to guarantee multiclass securities and that Ginnie Mae guaranties will constitute general obligations of the United States, for which the full faith and credit of the United States is pledged.

See “Ginnie Mae Guaranty” in the Base Offering Circular.

DESCRIPTION OF THE SECURITIES

General

The description of the Securities contained in this Supplement is not complete and is subject to, and

is qualified in its entirety by reference to, all of the provisions of the Trust Agreement. See “Description of

the Securities” in the Base Offering Circular.

Form of Securities

Each Class of Securities other than the Residual Securities initially will be issued and maintained, and

may be transferred only on the Fedwire Book-Entry System. Beneficial Owners of Book-Entry Securities

will ordinarily hold these Securities through one or more financial intermediaries, such as banks, brokerage firms and securities clearing organizations that are eligible to maintain book-entry accounts on the

Fedwire Book-Entry System. By request accompanied by the payment of a transfer fee of $25,000 per Certificated Security to be issued, a Beneficial Owner may receive a Regular Security in certificated form.

The Residual Securities will not be issued in book-entry form but will be issued in fully registered,

certificated form and may be transferred or exchanged, subject to the transfer restrictions applicable to

Residual Securities set forth in the Trust Agreement, at the Corporate Trust Office of the Trustee. See

“Description of the Securities — Forms of Securities; Book-Entry Procedures” in the Base Offering Circular.

Each Regular and MX Class will be issued in minimum dollar denominations of initial principal or

notional balance of $100,000 and integral multiples of $1 in excess of $100,000.

Distributions

Distributions on the Securities will be made on each Distribution Date as specified under “Terms

Sheet — Distribution Date” in this Supplement. On each Distribution Date for a Security, or in the case of

the Certificated Securities, on the first Business Day after the related Distribution Date, the applicable

Available Distribution Amount will be distributed to the related Holders of record as of the related Record

Date. Beneficial Owners of Book-Entry Securities will receive distributions through credits to accounts

maintained for their benefit on the books and records of the appropriate financial intermediaries. Holders

of Certificated Securities will receive distributions by check or, subject to the restrictions set forth in the

Base Offering Circular, by wire transfer. See “Description of the Securities — Distributions” and “— Method

of Distributions” in the Base Offering Circular.

Interest Distributions

The Interest Distribution Amount will be distributed or accrued as described under “Terms

Sheet — Distributions” in this Supplement.

•	 Interest will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

•	 Interest distributable or accrued on any Class for any Distribution Date will consist of 30 days’

interest on its Class Principal Balance (or Class Notional Balance) as of the related Record Date.

Categories of Classes

For purposes of interest distributions, the Classes will be categorized as shown under “Interest Type”

on the front cover of this Supplement and on Schedule I to this Supplement. The abbreviations used in

this Supplement to describe the interest entitlements of the Classes are explained under “Class Types” in

Appendix I to the Base Offering Circular.

S-23
Accrual Period

The Accrual Period for each Regular and MX Class is set forth in the table below:

Class Accrual Period

Delay Classes The calendar month preceding the related Distribution Date

Floating Rate Classes From the 20th day of the month preceding the month of the related

Distribution Date through the 19th day of the month of that Distribution Date

Floating Rate Classes

The Floating Rate Classes will bear interest as shown under “Terms Sheet — Interest Rates” in this

Supplement.

The Interest Rate for the Floating Rate Classes will be based on 30-day Average SOFR. The Trustee or

its agent will determine 30-day Average SOFR as described under “Description of the Securities — Interest

Rate Indices — Determination of 30-day Average SOFR” in the Base Offering Circular.

If 30-day Average SOFR ceases to be available or is no longer representative, a replacement rate will

be selected, as described under “Description of the Securities — Interest Rate Indices — Benchmark

Replacement” in the Base Offering Circular.

HECM MBS Weighted Average Coupon Classes

Each HECM MBS Weighted Average Coupon Class will bear interest as shown under “Terms

Sheet — Interest Rates” in this Supplement.

The interest that will be distributed or accrued, as applicable, on each HECM MBS Weighted Average

Coupon Class will be limited by the interest that is distributed or accrued in respect of the related Trust

Assets. With respect to the Participations underlying the Trust Assets, see “Risk Factors — Adjustable rate

HECMs are subject to limitations on interest rate adjustments, which may limit the amount of interest payable in respect of the related HECM MBS and may limit the WACR on the related HECM MBS and the interest

rates on the securities” in this Supplement and “Risk Factors — The mortgage rate index for the HECMs

related to the participations directly or indirectly underlying the trust assets is different than the interest rate

index for the related securities, which may impact, perhaps significantly, the amount of interest distributable to the securities after any applicable initial fixed rate period of the related HECMs” in this Supplement.

With respect to the Participations underlying the Group 3 and 4 Trust Assets, see “Risk Factors — The

Underlying Certificate WACR of the group 3 and 4 trust assets may limit the amount of interest distributed to

or accrued on the related floating rate and notional classes” in this Supplement.

The Trustee’s determination of 30-day Average SOFR and its calculation of the Interest Rates will be

final except in the case of clear error. Investors can obtain 30-day Average SOFR levels and Interest Rates

for the current and preceding Accrual Periods from ginniemae.gov or by calling the Information Agent at

(800) 234-GNMA.

HECM MBS Accrual Classes

Each of Classes AF, BF, CF, DF, EF, FA, FB, FD, FE, FG, FH, FL, GF, HF, KF and LF is a HECM MBS

Accrual Class. Interest will accrue on each HECM MBS Accrual Class and be distributed as described under

“HECM MBS Accrual Class” in Appendix II to the Base Offering Circular.

Deferred Interest Amounts

Any interest accrued and unpaid on a Notional Class during the Accrual Period for any Distribution

Date that is not distributed because of an insufficiency in the related Available Distribution Amount for

such Distribution Date increases the related Deferred Interest Amount for such Notional Class. Any such

amounts distributable to the Holders of a Notional Class will be paid no later than the Final Distribution

Date of such Notional Class.

S-24
Principal Distributions

Amounts distributable in respect of principal will be distributed to the Holders entitled thereto as

described under “Terms Sheet — Distributions” in this Supplement. Investors can calculate the amount of

principal to be distributed with respect to any Distribution Date by using the Class Factors published in

the preceding and current months. See “— Class Factors” below.

Categories of Classes

For purposes of principal distributions, the Classes will be categorized as shown under “Principal

Type” on the front cover of this Supplement and on Schedule I to this Supplement. The abbreviations used

in this Supplement to describe the principal entitlements of the Classes are explained under “Class Types”

in Appendix I to the Base Offering Circular.

Notional Classes

The Notional Classes will not receive principal distributions based on their Class Notional Balances.

For convenience in describing interest distributions, the Notional Classes will have the original Class

Notional Balances shown on the front cover of this Supplement and on Schedule I to this Supplement. The

Class Notional Balances will be reduced or increased as shown under “Terms Sheet — Notional Classes” in

this Supplement.

Residual Securities

The Residual Securities will represent the beneficial ownership of the Residual Interest in the related

Issuing REMIC and the beneficial ownership of the Residual Interest in the related Pooling REMIC, as

described in “Certain United States Federal Income Tax Consequences” in the Base Offering Circular. The

Residual Securities have no Class Principal Balance and do not accrue interest. The Residual Securities will

be entitled to receive the proceeds of the disposition of any assets remaining in the related Trust REMICs

after the Class Principal Balance or Class Notional Balance of each Class of Regular Securities in the related

Security Group or Groups has been reduced to zero. However, any remaining proceeds are not likely to

be significant. The Residual Securities may not be transferred to a Plan Investor, a Non-U.S. Person or a

Disqualified Organization.

Class Factors

The Trustee will calculate and make available for each Class of Securities, no later than the day preceding the Distribution Date, the factor (carried out to eight decimal places) that when multiplied by the

Original Class Principal Balance (or original Class Notional Balance) of that Class, determines the Class

Principal Balance (or Class Notional Balance) after giving effect to the distribution of principal to be made

on the Securities (and any addition to the Class Principal Balance of a HECM MBS Accrual Class) or any

addition to or reduction of Class Notional Balance on that Distribution Date (each, a “Class Factor”).

•	 The Class Factor for any Class of Securities for each month following the issuance of the Securities will reflect its remaining Class Principal Balance (or Class Notional Balance) after giving

effect to any principal distribution (or addition to principal) to be made or any addition to or

reduction of Class Notional Balance on the Distribution Date occurring in that month.

•	 The Class Factor for each Class for the month of issuance is 1.00000000.

•	 The Class Factors for the MX Classes and the Classes of REMIC Securities that are exchangeable

for the MX Classes will be calculated assuming that the maximum possible amount of each Class

is outstanding at all times, regardless of any exchanges that may occur.

• Investors may obtain current Class Factors on ginniemae.gov.
 

See “Description of the Securities — Distributions” in the Base Offering Circular.
 

Termination

The Trustee, at its option, may purchase or cause the sale of the Trust Assets and thereby terminate

the Trust on any Distribution Date on which the aggregate of the Class Principal Balances of the Securities is less than 1% of the aggregate Original Class Principal Balances of the Securities. The exercise of this

S-25
option may be influenced by a number of factors, including but not limited to, the value of the Trust

Assets then remaining in the Trust and general market conditions. The Trustee will be entitled to retain all

proceeds and any other amounts in excess of the termination price payable to the Securities under the

Trust Agreement.

On any Distribution Date upon the Trustee’s determination that the REMIC status of any Trust REMIC

has been lost or that a substantial risk exists that this status will be lost for the then current taxable year,

the Trustee will terminate such Trust REMIC and any related Trust REMIC and retire the related Securities.

For these purposes, the Trust REMICs and the Securities with corresponding numerical designations are

related as follows:

Trust REMICs Related Securities

Group 1 Issuing and Pooling REMICs

Group 2 Issuing and Pooling REMICs

Group 3 Issuing and Pooling REMICs

Group 4 Issuing and Pooling REMICs

Group 5 Issuing and Pooling REMICs

Group 6 through 16 Issuing and Pooling REMICs

Group 1 Securities

Group 2 Securities

Group 3 Securities

Group 4 Securities

Group 5 Securities

Group 6 through 16 Securities

Upon any termination of the Trust (or one or more related Trust REMICs), the Holder of any related

outstanding Security (other than a Residual or Notional Class Security) will be entitled to receive that Holder’s allocable share of the Class Principal Balance of that Class plus any accrued and unpaid interest

thereon at the applicable Interest Rate, and any Holder of any related outstanding Notional Class Security

will be entitled to receive that Holder’s allocable share of any accrued and unpaid interest thereon at the

applicable Interest Rate (including any related Deferred Interest Amount). The Residual Holders will be

entitled to their pro rata share of any assets remaining in the related Trust REMICs after payment in full of

the amounts described in the foregoing sentence. However, any remaining assets are not likely to be significant.

With respect to each of Security Groups 1, 2, 3, 4 and 5, a Holder of all of the outstanding Regular

Securities of such Security Group and the related Class of Residual Securities will have the right to purchase the related Trust Assets upon three Business Days’ notice (the “Notice Period”). The purchase will be

for cash in an amount equal to (A)(i) the aggregate remaining principal balance of the Trust Assets of such

Security Group, but in no event less than the aggregate outstanding principal amount, if any, plus Deferred

Interest Amount, if any, of the Securities of such Security Group, plus (ii) accrued interest on the Securities of such Security Group, less (B) amounts on deposit in the related Trust REMICs, for distribution on

the Securities of such Security Group, plus (C) a $5,000 termination fee payable to the Trustee in connection with each Security Group to be terminated. After the Notice Period, and upon such purchase, the

Trustee will terminate the related Trust REMICs. Upon such termination, the Trustee will distribute the cash

proceeds of the sale of the related Trust Assets to the Holder of the related Securities (which distribution

may be offset against amounts due on the sale of such assets), will cancel the Securities of the related

Security Group and cause the removal from the Book-Entry Depository Account of all Classes of the

related Security Group, will cancel the related Class of Residual Securities, and will credit the remaining

Trust Assets in the related Security Group to the account of the surrendering Holder.

Notwithstanding anything to the contrary contained herein, no such termination will be allowed

unless the Trustee and Ginnie Mae are provided, at no cost to either the Trustee or Ginnie Mae, an Opinion of Counsel, acceptable to the Trustee and Ginnie Mae, to the effect that such termination constitutes a

“qualified liquidation” under the REMIC Provisions, including Section 860F(a)(4) of the Code, and such termination will not result in a disqualification of any Trust REMIC that is not terminated at such time or the

imposition of any “prohibited transactions” or “contributions” tax under the REMIC Provisions on any Trust

REMIC that is not terminated at such time.

Modification and Exchange

All or a portion of the Classes of REMIC Securities specified on the front cover may be exchanged for

a proportionate interest in the related MX Class shown on Schedule I to this Supplement. Similarly, all or a

S-26
portion of the related MX Class may be exchanged for proportionate interests in the related Classes of

REMIC Securities. This process may occur repeatedly.

Each exchange may be effected only in proportions that result in the principal and interest entitlements of the Securities received being equal to the entitlements of the Securities surrendered.

A Beneficial Owner proposing to effect an exchange must notify the Trustee through the Beneficial

Owner’s Book-Entry Depository participant. This notice must be received by the Trustee not later than two

Business Days before the proposed exchange date. The exchange date can be any Business Day other

than the last Business Day of the month. The notice must contain the outstanding principal or notional

balances of the Securities to be included in the exchange and the proposed exchange date. The notice is

required to be delivered to the Trustee by email to USBGNMATeam@USBank.com or in writing at its Corporate Trust Office at One Federal Street, 3rd Floor, Boston, MA 02110, Attention: Ginnie Mae REMIC

Program Agency Group 2024-H05. The Trustee may be contacted by telephone at (617) 603-6451 and by

fax at (617) 603-6644.

A fee will be payable to the Trustee in connection with each exchange equal to 1/32 of 1% of the outstanding principal balance or notional balance of the Securities surrendered for exchange (but not less

than $2,000 or more than $25,000). The fee must be paid concurrently with the exchange.

The first distribution on a REMIC Security or an MX Security received in an exchange will be made on

the Distribution Date in the month following the month of the exchange. The distribution will be made to

the Holder of record as of the Record Date in the month of exchange.

See “Description of the Securities — Modification and Exchange” in the Base Offering Circular.

S-27
YIELD, MATURITY AND PREPAYMENT CONSIDERATIONS

General

The prepayment experience of the HECMs will affect the Weighted Average Lives of and the yields

realized by investors in the related Securities.

•	 The rate of principal payments (including prepayments or partial payments) of the HECMs relating to the Participations underlying the Securities and the Underlying Certificates depends on a

variety of economic, geographic, social and other factors, including prevailing market interest

rates, home values, HECM borrower mortality, qualifying non-borrowing spouse mortality,

divorce rates, changes in the value of the mortgaged property, the HECM borrower’s ability to

draw down additional funds without refinancing, FHA guidelines regarding HECMs, servicing

decisions and court imposed limits on the rights and remedies available to a Ginnie Mae Issuer

under the HECMs, and will affect the Weighted Average Lives and yields realized by investors in

the related Securities. HECMs may respond differently than traditional forward mortgage loans to

the factors that influence prepayment.

With respect to the related Trust Assets, the occurrence of any of the following events with respect to

a HECM related to the Participations underlying the related HECM MBS (each a “Maturity Event”) will, subject to deferral in certain circumstances, result in the holders of the Securities being entitled to a

distribution of principal:

•	 if a borrower dies and the property is not the principal residence of at least one surviving borrower,

•	 if a borrower conveys all of his or her title in the mortgaged property and no other borrower

retains title to the mortgaged property,

•	 if the mortgaged property ceases to be the principal residence of a borrower for reasons other

than death and the mortgaged property is not the principal residence of at least one surviving

borrower,

•	 if a borrower fails to occupy the mortgaged property for a period of longer than 12 consecutive

months because of physical or mental illness and the mortgaged property is not the principal

residence of at least one other borrower, or

•	 if a borrower fails to perform any of its obligations under the HECM (for example, the failure of

the borrower to make certain agreed upon repairs to the mortgaged property or the failure of the

borrower to pay taxes and hazard insurance premiums).

Some HECMs may provide for the deferral of a Maturity Event when the last surviving borrower dies

with a non-borrowing spouse who satisfies FHA qualifying attributes and ongoing requirements for deferral. This deferral ceases when the non-borrowing spouse fails to qualify or satisfy FHA requirements for

deferral, at which point the Maturity Event is no longer deferred and the HECM will become due and payable in accordance with FHA procedures.

Generally, a HECM is not repaid immediately upon the occurrence of a Maturity Event, but continues

to accrue interest until the liquidation of the related mortgaged property and the repayment of the HECM

or the receipt of insurance proceeds from FHA. Any resulting shortfall to investors in the related Securities with respect to any Participations in the related HECM will be covered by Ginnie Mae pursuant to its

guaranty of the Securities.

A Ginnie Mae Issuer is obligated to purchase all Participations related to a HECM when the outstanding principal amount of the related HECM is equal to or greater than 98% of the “Maximum Claim

Amount,” and a Ginnie Mae Issuer has the option to purchase all Participations related to a HECM to the

extent that any borrower’s request for an additional advance in respect of any HECM, if funded, together

with the outstanding principal amount of the related HECM is equal to or greater than 98% of the “Maximum Claim Amount” or when a HECM becomes, and continues to be, due and payable in accordance

with its terms, as applicable (any such purchase referred to herein as a “Ginnie Mae Issuer Purchase

Event”). In connection with such repurchase, the Ginnie Mae Issuer will pay an amount (the “Release

S-28
Price”) equal to the outstanding principal amount of all of the Participations related to such HECMs, and

Ginnie Mae will relinquish all right, title and interest it has in the HECMs and the related Participations.

With respect to each Participation, the “outstanding principal amount” of such Participation is the original

principal amount of such Participation as of the related Issue Date of the related HECM MBS, increased by

the Accrued Interest with respect to such Participation and decreased by any payments made in respect of

such Participation. For purposes of determining the Release Price, the “Accrued Interest” with respect to

any Participation is the aggregate interest accrued, compounded on a monthly basis, allocable to the Participation at the related Participation Interest Rate for each month (in each case, after taking into account

any payments made in reduction of such Participation) from and including the Issue Date through the last

day of the reporting month (as such term is defined in the Ginnie Mae guaranty agreement for the related

HECM MBS) in which the Participation is to be purchased. The Participations relating to the HECM must

be purchased by the Ginnie Mae Issuer at the end of the reporting month in which the outstanding principal balance of the HECM equals or exceeds 98% of the Maximum Claim Amount for such HECM. The

Release Price will be passed through to the related securityholders on the Distribution Date following the

month in which such Ginnie Mae Issuer Purchase Event occurs.

Higher levels of One-Year CMT and additional draws on HECMs will increase the rate at which the

related HECMs will reach their Maximum Claim Amounts. Any payment in respect of the related Securities resulting from a Ginnie Mae Issuer Purchase Event will reduce the Weighted Average Lives of such

Securities and will affect, perhaps significantly, the yields on such Securities.

The occurrence of voluntary prepayments by a borrower, Maturity Events and Ginnie Mae Issuer Purchase Events will accelerate the distribution of principal of the Securities. It is uncertain when any

amounts might be paid on securities backed by Participations in HECMs because it is uncertain (i) whether

a HECM borrower will choose to prepay amounts advanced in whole or in part, (ii) when any Maturity

Event might occur and whether that Maturity Event will be deferred and (iii) when any Ginnie Mae Issuer

Purchase Event might occur. Investors in the Securities are urged to review the discussion under “Risk Factors — It is uncertain when payments will be made in respect of securities backed by HECM MBS” in this

Supplement and also the HECM MBS Disclosure Documents.

Under certain circumstances, the Trustee has the option to purchase the Trust Assets, thereby effecting early retirement of the Securities. See “Description of the Securities — Termination” in this Supplement.

Investors in the Group 3 and 4 Securities are urged to review the discussion under “Risk Factors —

The rate of reduction or increase in the principal balance of the underlying certificates will directly affect

the rate of reduction or increase in the principal and notional balances of the group 3 and 4 securities” in

this Supplement.

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. In the case of each Notional Class, the related Deferred Interest

Amount will be reduced to zero no later than the Final Distribution Date for such Notional Class.

•	 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 characteristics of the Underlying Certificates and the following assumptions (the “Modeling Assumptions”), among others:

1. The HECMs and related Participations underlying the Group 1, 2 and 5 through 16 Trust Assets

have the assumed characteristics shown in Exhibit A, and the HECMs and related Participations underlying the Group 3 and 4 Trust Assets have the assumed characteristics shown in Exhibit E.

S-29
2. The HECMs prepay at the constant percentages of the prepayment curve (described below and in

Exhibit B) shown in the related table.

3. Draw activity occurs on the first day of the month and payments on the HECMs occur on the last

day of the month, whether or not a Business Day, commencing in March 2024.

4. Distributions, if any, on the Securities are always received on the 20th day of the month, whether or

not a Business Day, commencing in April 2024.

5. A termination of the Trust, any Trust REMIC or any Underlying Trust does not occur.

6. The Closing Date for the Securities is March 28, 2024.

7. No expenses or fees are paid by the Trust other than the Trustee Fee, which is paid as described

under “The Trust Assets — The Trustee Fee” in this Supplement.

8. Distributions on the Underlying Certificates are made as described in the Underlying Certificate Disclosure Documents.

9. HECM borrowers who have the ability to do so draw at the annualized draw rate determined in

accordance with the constant percentages of the draw curve shown in Exhibit C (the “Draw Rate”). The

Draw Rate (converted to an equivalent monthly factor) is applied to the Maximum Claim Amount.

10. If a mandatory Ginnie Mae Issuer Purchase Event occurs with respect to a HECM, the purchase of

the related Participation timely occurs. No optional Ginnie Mae Issuer Purchase Events occur.

11. The initial Interest Rates on the Group 1, 2 and 5 through 16 Securities will be based on the initial

rates as shown under “Terms Sheet — Interest Rates” in this Supplement; however, the interest rate on the

Group 1, 2 and 5 through 16 adjustable rate HECMs for the first Distribution Date is based on the information set forth in Exhibit A. The Interest Rates on the Group 1, 2 and 5 through 16 Floating Rate Securities

will adjust monthly. For purposes of the Group 1, 2 and 5 through 16 decrement tables, in all periods on

or subsequent to the applicable Approximate Weighted Average Next Rate Reset Month shown in

Exhibit A, the constant value shown of the applicable index shown in Exhibit A with respect to any such

decrement table is used to calculate the interest rate with respect to the Group 1, 2 and 5 through 16

HECMs, while on all Distribution Dates occurring after the first Distribution Date, the constant value

shown of the applicable index shown in the Terms Sheet with respect to any such decrement table is used

to calculate the interest rate with respect to the applicable Class.

12. The initial Interest Rates on the Group 3 and 4 Securities will be based on the initial rates as

shown under “Terms Sheet — Interest Rates” in this Supplement; however, the interest rate on the Group 3

and 4 adjustable rate HECMs for the first Distribution Date is based on the information set forth in

Exhibit E. The Interest Rates on the Group 3 and 4 Floating Rate Securities will adjust monthly. For purposes of the Group 3 and 4 decrement tables, in all periods on or subsequent to the applicable

Approximate Weighted Average Next Rate Reset Month shown in Exhibit E, the constant value shown of

the applicable index shown in Exhibit E with respect to any such decrement table is used to calculate the

interest rate with respect to the Group 3 and 4 HECMs, while on all Distribution Dates occurring after the

first Distribution Date, the constant value shown of the applicable index shown in the Terms Sheet with

respect to any such decrement table is used to calculate the interest rate with respect to the applicable

Class and the Group 3 and 4 Trust Assets.

13. The HECMs and the Participations underlying, in the case of Pools CD0820, CW9909, CZ2289 and

CZ4337, the Group 1, 2, 9 and 16 Trust Assets each have annual interest rate adjustment caps of 2%. There

are no periodic interest rate adjustment caps on the HECMs and the Participations underlying the Group 1,

2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 and 16 Trust Assets (other than Pool CW9909 included in Trust

Asset Group 1, Pool CZ2289 included in Trust Asset Group 2, Pool CD0820 included in Trust Asset

Group 9 and Pool CZ4337 included in Trust Asset Group 16).

14. The original term of the HECMs is 50 years. If a HECM remains outstanding after its original term

of 50 years, a mandatory Ginnie Mae Issuer Purchase Event occurs with respect to such HECM.

15. No borrower changes payment plans.

S-30
16. Each Class is held from the Closing Date and is not exchanged in whole or in part.

17. Draws occur each month in respect of the Monthly Servicing Fee, if any, as set forth on Exhibit A

or Exhibit E. No draws occur in respect of any set asides for property charges (such as taxes, hazard insurance, ground rents or assessments) or repairs.

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 HECMs will not have the characteristics assumed, many Distribution

Dates will occur on a Business Day after the 20th of the month, draw activity and prepayments, if

any, will occur throughout the month, draws will occur in respect of set asides for property

charges and repairs, the Trustee may cause a termination of the Trust as described under

“Description of the Securities — Termination” in this Supplement.

•	 In addition, distributions on the Securities are based on Certificate Factors and Calculated Certificate Factors, as applicable, which may not reflect actual receipts on the Trust Assets.

See “Description of the Securities — Distributions” in the Base Offering Circular.

Decrement Tables

Prepayments of mortgage loans are commonly measured by a prepayment standard or model. The

model used in this Supplement is based on a prepayment curve (“PPC”) consisting of a series of Constant

Prepayment Rates (“CPRs”). CPR is the standard prepayment assumption model of The Securities Industry

and Financial Markets Association. CPR represents a constant rate of prepayment on the HECMs each

month relative to the then outstanding aggregate principal balance of the HECMs for the life of those

HECMs. See “Yield, Maturity and Prepayment Considerations — Standard Prepayment Assumption Models”

in the Base Offering Circular.

The PPC and Draw Rates are based on the respective percentages in effect beginning on each Distribution Date as indicated in Exhibits B and C.

The decrement tables set forth below are based on the assumption that the HECMs prepay at the indicated percentages of PPC (the “PPC Prepayment Assumption Rates”). As used in the tables, each of the

PPC Prepayment Assumption Rates reflects a percentage of the 100% PPC assumed prepayment curve.

The HECMs will not prepay at any of the PPC Prepayment Assumption Rates, and the timing of

changes in the rate of prepayments actually experienced on the HECMs will not follow the pattern described for the PPC 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

assumptions that the related HECMs prepay at the PPC Prepayment Assumption Rates set forth in such

tables, 30-day Average SOFR and One-Year CMT are constant at the rates set forth in such tables and draws,

if any, occur at the Draw Rates set forth in Exhibit C. 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 PPC Prepayment Assumption Rate and each indicated level of 30-day Average SOFR and One-Year CMT. 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).

S-31
The information shown for each Notional Class is for illustrative purposes only, as a Notional Class is

not entitled to distributions of principal based on its Class Notional Balance 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 and further does not factor

in any entitlement to the applicable Deferred Interest Amount. See the footnotes below related to the decrement tables for each Notional Class.

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 HECMs related

to the Participations underlying the related Trust Assets and the Modeling Assumptions.

S-32
Security Group 1
 

PPC Prepayment Assumption Rates
 

Class AI* Class AI* Class AI*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 99 96 93 90 109 100 97 94 92 109 100 97 95 92

March 2026..... 115 96 90 84 78 118 99 93 87 81 119 99 93 87 81

March 2027..... 123 92 82 74 66 129 96 87 78 70 129 97 87 78 70

March 2028..... 131 86 74 64 54 141 93 80 68 58 139 92 79 68 57

March 2029..... 141 81 66 54 43 151 87 71 58 46 149 85 70 57 46

March 2030..... 151 74 57 44 33 156 77 60 46 34 156 77 60 46 35

March 2031..... 142 60 44 31 22 51 21 15 11 8 51 21 15 11 8

March 2032..... 75 27 19 13 9 3 1 1 1 0 3 1 1 1 0

March 2033..... 43 13 9 5 3 3 1 1 0 0 3 1 1 0 0

March 2034..... 16 4 3 1 1 3 1 0 0 0 3 1 0 0 0

March 2035..... 3 1 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2036..... 2 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2037..... 3 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2038..... 2 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2039..... 2 0 0 0 0 2 0 0 0 0 1 0 0 0 0

March 2040..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2041..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2042..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2043..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2044..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2045..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 8.5 6.8 5.9 5.1 4.5 7.0 6.3 5.6 4.9 4.4 7.0 6.2 5.5 4.9 4.4

*	 The decrement tables for Class AI reflect only the Class AI Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class AI Notional Balance at the Class AI Interest Rate, Class AI is entitled to

the Class AI Deferred Interest Amount. No representation is made about the timing of distributions of

the Class AI Deferred Interest Amount other than that such amount will be paid no later than the Final

Distribution Date for Class AI.

S-33
Security Group 1
 

PPC Prepayment Assumption Rates
 

Class FA Class FA Class FA

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 106 99 96 93 90 109 100 97 94 92 109 100 97 95 92

March 2026..... 113 96 90 84 78 118 99 93 87 81 119 99 93 87 81

March 2027..... 121 92 82 74 66 129 96 87 78 70 129 97 87 78 70

March 2028..... 128 86 74 64 54 141 93 80 68 58 139 92 79 68 57

March 2029..... 137 81 66 54 43 151 87 71 58 46 149 85 70 57 46

March 2030..... 145 74 57 44 33 156 77 60 46 34 156 77 60 46 35

March 2031..... 137 60 44 31 22 51 21 15 11 8 51 21 15 11 8

March 2032..... 72 27 19 13 9 3 1 1 1 0 3 1 1 1 0

March 2033..... 41 13 9 5 3 3 1 1 0 0 3 1 1 0 0

March 2034..... 16 4 3 1 1 3 1 0 0 0 3 1 0 0 0

March 2035..... 2 1 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2036..... 2 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2037..... 2 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2038..... 2 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2039..... 2 0 0 0 0 2 0 0 0 0 1 0 0 0 0

March 2040..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2041..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2042..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2043..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2044..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2045..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 8.5 6.8 5.9 5.1 4.5 7.0 6.3 5.6 4.9 4.4 7.0 6.2 5.5 4.9 4.4

S-34
Security Group 2
 

PPC Prepayment Assumption Rates
 

Class AF Class AF Class AF

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 99 96 93 90 109 101 98 95 92 109 101 98 95 92

March 2026..... 113 96 90 84 79 119 100 94 88 82 119 100 94 88 82

March 2027..... 121 92 83 75 67 130 97 88 79 71 130 97 88 79 71

March 2028..... 129 87 75 64 55 142 94 81 69 59 142 94 81 70 59

March 2029..... 137 81 67 54 44 155 90 73 60 48 155 90 74 60 48

March 2030..... 146 75 58 45 34 168 83 65 50 38 168 84 65 50 38

March 2031..... 122 54 40 29 21 23 10 7 5 4 23 10 7 5 4

March 2032..... 71 27 19 13 8 22 8 5 4 2 22 8 5 4 2

March 2033..... 27 9 6 4 2 15 4 3 2 1 15 4 3 2 1

March 2034..... 13 3 2 1 1 16 4 2 1 1 16 4 2 1 1

March 2035..... 13 3 1 1 0 18 4 2 1 1 18 4 2 1 1

March 2036..... 13 2 1 1 0 20 3 2 1 0 20 3 2 1 0

March 2037..... 14 2 1 0 0 2 0 0 0 0 2 0 0 0 0

March 2038..... 15 2 1 0 0 1 0 0 0 0 1 0 0 0 0

March 2039..... 16 1 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2040..... 10 1 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2041..... 10 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2042..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2043..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2044..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2045..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2046..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 9.1 7.0 6.0 5.2 4.6 7.4 6.5 5.7 5.1 4.5 7.4 6.5 5.7 5.1 4.5

S-35
Security Group 2
 

PPC Prepayment Assumption Rates
 

Class IA* Class IA* Class IA*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 99 96 93 90 109 101 98 95 92 109 101 98 95 92

March 2026..... 115 96 90 84 79 119 100 94 88 82 119 100 94 88 82

March 2027..... 123 92 83 75 67 130 97 88 79 71 130 97 88 79 71

March 2028..... 132 87 75 64 55 142 94 81 69 59 142 94 81 70 59

March 2029..... 141 81 67 54 44 155 90 73 60 48 155 90 74 60 48

March 2030..... 151 75 58 45 34 168 83 65 50 38 168 84 65 50 38

March 2031..... 127 54 40 29 21 23 10 7 5 4 23 10 7 5 4

March 2032..... 74 27 19 13 8 22 8 5 4 2 22 8 5 4 2

March 2033..... 28 9 6 4 2 15 4 3 2 1 15 4 3 2 1

March 2034..... 13 3 2 1 1 16 4 2 1 1 16 4 2 1 1

March 2035..... 13 3 1 1 0 18 4 2 1 1 18 4 2 1 1

March 2036..... 14 2 1 1 0 20 3 2 1 0 20 3 2 1 0

March 2037..... 15 2 1 0 0 2 0 0 0 0 2 0 0 0 0

March 2038..... 16 2 1 0 0 1 0 0 0 0 1 0 0 0 0

March 2039..... 18 1 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2040..... 11 1 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2041..... 11 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2042..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2043..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2044..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2045..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2046..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 9.1 7.0 6.0 5.2 4.6 7.4 6.5 5.7 5.1 4.5 7.4 6.5 5.7 5.1 4.5

*	 The decrement tables for Class IA reflect only the Class IA Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class IA Notional Balance at the Class IA Interest Rate, Class IA is entitled to

the Class IA Deferred Interest Amount. No representation is made about the timing of distributions of

the Class IA Deferred Interest Amount other than that such amount will be paid no later than the Final

Distribution Date for Class IA.

S-36
Security Group 3
 

PPC Prepayment Assumption Rates
 

Class BI* Class BI* Class BI*
 

5.32000% 30-day Average SOFR 8.58750% 30-day Average SOFR 11.85500% 30-day Average SOFR
 

5.01000% One-Year CMT 7.56000% One-Year CMT 10.11000% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 97 94 90 87 108 98 94 91 88 108 98 95 92 88

March 2026..... 114 93 86 80 73 116 94 87 81 74 118 95 88 82 75

March 2027..... 122 88 78 68 60 125 90 79 70 61 128 92 81 71 63

March 2028..... 131 82 69 58 48 132 82 69 58 48 110 68 58 48 40

March 2029..... 140 75 60 47 37 110 59 47 37 29 103 55 44 35 27

March 2030..... 130 59 44 33 24 107 49 37 27 20 107 49 37 27 20

March 2031..... 79 30 21 15 10 77 29 21 14 10 77 29 21 14 10

March 2032..... 4 1 1 1 0 4 1 1 1 0 4 1 1 1 0

March 2033..... 4 1 1 0 0 4 1 1 0 0 4 1 1 0 0

March 2034..... 2 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2035..... 2 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2036..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2056..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2057..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2058..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2059..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2060..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2061..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2062..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2063..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2064..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2065..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2066..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2067..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2068..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2069..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2070..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2071..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2072 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 7.2 5.9 5.1 4.5 3.9 6.8 5.6 4.9 4.3 3.8 6.6 5.5 4.8 4.2 3.8

*	 The decrement tables for Class BI reflect only the Class BI Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class BI Notional Balance at the Class BI Interest Rate, Class BI is entitled to

the Class BI Deferred Interest Amount. No representation is made about the timing of distributions of

the Class BI Deferred Interest Amount other than that such amount will be paid no later than the Final

Distribution Date for Class BI.

S-37
Security Group 3
 

PPC Prepayment Assumption Rates
 

Class FB Class FB Class FB

5.32000% 30-day Average SOFR 8.58750% 30-day Average SOFR 11.85500% 30-day Average SOFR

5.01000% One-Year CMT 7.56000% One-Year CMT 10.11000% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 97 94 90 87 108 98 94 91 88 108 98 95 92 88

March 2026..... 113 93 86 80 73 116 94 87 81 74 118 95 88 82 75

March 2027..... 121 88 78 68 60 125 90 79 70 61 128 92 81 71 63

March 2028..... 129 82 69 58 48 132 82 69 58 48 110 68 58 48 40

March 2029..... 137 75 60 47 37 110 59 47 37 29 103 55 44 35 27

March 2030..... 127 59 44 33 24 107 49 37 27 20 107 49 37 27 20

March 2031..... 77 30 21 15 10 77 29 21 14 10 77 29 21 14 10

March 2032..... 4 1 1 1 0 4 1 1 1 0 4 1 1 1 0

March 2033..... 3 1 1 0 0 4 1 1 0 0 4 1 1 0 0

March 2034..... 2 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2035..... 2 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2036..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2056..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2057..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2058..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2059..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2060..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2061..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2062..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2063..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2064..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2065..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2066..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2067..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2068..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2069..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2070..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2071..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2072 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 7.2 5.9 5.1 4.5 3.9 6.8 5.6 4.9 4.3 3.8 6.6 5.5 4.8 4.2 3.8

S-38
Security Groups 2 and 3
 

PPC Prepayment Assumption Rates
 

Class F Class F Class F

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 98 95 92 89 109 100 97 94 90 109 100 97 94 91

March 2026..... 113 95 89 83 77 118 98 91 85 79 119 98 92 85 79

March 2027..... 121 90 81 72 64 129 95 85 76 67 129 95 85 76 68

March 2028..... 129 85 73 62 52 135 88 75 64 54 130 84 72 62 52

March 2029..... 137 79 64 52 41 136 77 62 50 40 136 77 62 50 40

March 2030..... 139 69 53 40 30 145 70 54 41 31 145 70 54 41 31

March 2031..... 105 45 33 23 17 44 17 12 9 6 44 17 12 9 6

March 2032..... 46 17 12 8 5 15 5 4 2 2 15 5 4 2 2

March 2033..... 18 6 4 2 1 11 3 2 1 1 11 3 2 1 1

March 2034..... 9 2 1 1 0 11 3 2 1 1 11 3 2 1 1

March 2035..... 9 2 1 1 0 12 2 1 1 0 12 2 1 1 0

March 2036..... 9 1 1 0 0 12 2 1 0 0 12 2 1 0 0

March 2037..... 9 1 1 0 0 1 0 0 0 0 1 0 0 0 0

March 2038..... 9 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 10 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2045..... 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2046..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2047 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 8.5 6.6 5.7 4.9 4.3 7.3 6.1 5.4 4.8 4.2 7.2 6.1 5.4 4.7 4.2

S-39
Security Group 4
 

PPC Prepayment Assumption Rates
 

Class BF Class BF Class BF

5.32000% 30-day Average SOFR 8.58750% 30-day Average SOFR 11.85500% 30-day Average SOFR

5.01000% One-Year CMT 7.56000% One-Year CMT 10.11000% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 106 97 94 90 87 107 97 94 91 87 107 97 94 91 87

March 2026..... 113 93 86 80 74 114 93 86 80 74 114 93 86 80 74

March 2027..... 121 88 78 69 60 122 88 78 69 60 122 88 78 69 60

March 2028..... 128 82 69 58 48 131 82 69 58 48 131 82 69 58 48

March 2029..... 137 75 60 48 37 140 75 60 48 37 140 75 60 48 37

March 2030..... 146 68 51 38 28 150 69 52 38 28 150 69 52 38 28

March 2031..... 94 37 26 18 12 97 37 26 18 12 97 37 26 18 12

March 2032..... 5 2 1 1 0 5 2 1 1 0 5 2 1 1 0

March 2033..... 5 1 1 1 0 6 1 1 1 0 6 1 1 1 0

March 2034..... 2 1 0 0 0 3 1 0 0 0 3 1 0 0 0

March 2035..... 3 0 0 0 0 3 0 0 0 0 3 0 0 0 0

March 2036..... 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2056..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2057..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2058..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2059..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2060..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2061..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2062..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2063..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2064..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2065..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2066..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2067..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2068..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2069..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2070..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2071..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2072 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 7.6 6.1 5.3 4.6 4.0 7.5 6.1 5.3 4.6 4.0 7.5 6.1 5.3 4.6 4.0

S-40
Security Group 4
 

PPC Prepayment Assumption Rates
 

Class IB* Class IB* Class IB*
 

5.32000% 30-day Average SOFR 8.58750% 30-day Average SOFR 11.85500% 30-day Average SOFR
 

5.01000% One-Year CMT 7.56000% One-Year CMT 10.11000% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 97 94 90 87 107 97 94 91 87 107 97 94 91 87

March 2026..... 114 93 86 80 74 114 93 86 80 74 114 93 86 80 74

March 2027..... 122 88 78 69 60 122 88 78 69 60 122 88 78 69 60

March 2028..... 131 82 69 58 48 131 82 69 58 48 131 82 69 58 48

March 2029..... 140 75 60 48 37 140 75 60 48 37 140 75 60 48 37

March 2030..... 149 68 51 38 28 150 69 52 38 28 150 69 52 38 28

March 2031..... 97 37 26 18 12 97 37 26 18 12 97 37 26 18 12

March 2032..... 5 2 1 1 0 5 2 1 1 0 5 2 1 1 0

March 2033..... 6 1 1 1 0 6 1 1 1 0 6 1 1 1 0

March 2034..... 3 1 0 0 0 3 1 0 0 0 3 1 0 0 0

March 2035..... 3 0 0 0 0 3 0 0 0 0 3 0 0 0 0

March 2036..... 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2056..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2057..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2058..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2059..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2060..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2061..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2062..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2063..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2064..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2065..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2066..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2067..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2068..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2069..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2070..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2071..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2072 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 7.6 6.1 5.3 4.6 4.0 7.5 6.1 5.3 4.6 4.0 7.5 6.1 5.3 4.6 4.0

*	 The decrement tables for Class IB reflect only the Class IB Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class IB Notional Balance at the Class IB Interest Rate, Class IB is entitled to

the Class IB Deferred Interest Amount. No representation is made about the timing of distributions of

the Class IB Deferred Interest Amount other than that such amount will be paid no later than the Final

Distribution Date for Class IB.

S-41
Security Groups 3 and 4
 

PPC Prepayment Assumption Rates
 

Class CI* Class CI* Class CI*
 

5.32000% 30-day Average SOFR 8.58750% 30-day Average SOFR 11.85500% 30-day Average SOFR
 

5.01000% One-Year CMT 7.56000% One-Year CMT 10.11000% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 97 94 90 87 108 98 94 91 87 108 98 95 91 88

March 2026..... 114 93 86 80 73 116 94 87 80 74 117 95 88 81 75

March 2027..... 122 88 78 68 60 125 89 79 70 61 127 91 80 71 62

March 2028..... 131 82 69 58 48 132 82 69 58 48 115 72 60 51 42

March 2029..... 140 75 60 47 37 117 63 50 40 31 112 60 48 38 30

March 2030..... 135 62 46 34 25 118 54 40 30 22 118 54 40 30 22

March 2031..... 83 32 22 15 10 82 31 22 15 10 82 31 22 15 10

March 2032..... 5 1 1 1 0 4 1 1 1 0 4 1 1 1 0

March 2033..... 4 1 1 0 0 4 1 1 0 0 4 1 1 0 0

March 2034..... 2 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2035..... 2 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2036..... 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2056..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2057..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2058..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2059..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2060..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2061..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2062..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2063..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2064..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2065..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2066..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2067..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2068..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2069..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2070..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2071..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2072 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 7.3 5.9 5.2 4.5 4.0 7.0 5.8 5.0 4.4 3.9 6.9 5.6 4.9 4.3 3.8

*	 The decrement tables for Class CI reflect only the Class CI Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class CI Notional Balance at the Class CI Interest Rate, Class CI is entitled to

the Class CI Deferred Interest Amount. No representation is made about the timing of distributions of

the Class CI Deferred Interest Amount other than that such amount will be paid no later than the Final

Distribution Date for Class CI.

S-42
Security Group 5
 

PPC Prepayment Assumption Rates
 

Class CF Class CF Class CF

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 106 100 97 95 92 110 103 100 98 95 111 103 100 98 95

March 2026..... 113 98 92 87 82 122 104 98 93 87 123 104 99 93 88

March 2027..... 121 94 86 78 70 136 104 95 86 78 136 104 95 86 78

March 2028..... 128 90 78 68 59 150 102 89 77 67 151 103 90 78 67

March 2029..... 137 84 70 58 47 166 99 83 68 56 167 100 83 69 56

March 2030..... 146 78 62 48 37 184 95 75 59 45 186 96 76 59 46

March 2031..... 155 72 53 39 28 13 6 4 3 2 12 6 4 3 2

March 2032..... 165 65 45 31 21 10 4 3 2 1 10 4 3 2 1

March 2033..... 174 57 37 24 15 10 3 2 1 1 10 3 2 1 1

March 2034..... 8 2 1 1 0 0 0 0 0 0 0 0 0 0 0

March 2035..... 9 2 1 1 0 0 0 0 0 0 0 0 0 0 0

March 2036..... 8 1 1 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 9.7 8.0 6.8 5.8 5.0 6.9 6.7 6.1 5.5 4.9 6.9 6.6 6.1 5.5 4.9

S-43
Security Group 5
 

PPC Prepayment Assumption Rates
 

Class IC* Class IC* Class IC*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 100 97 95 92 110 103 100 98 95 111 103 100 98 95

March 2026..... 115 98 92 87 82 122 104 98 93 87 123 104 99 93 88

March 2027..... 123 94 86 78 70 136 104 95 86 78 136 104 95 86 78

March 2028..... 132 90 78 68 59 150 102 89 77 67 151 103 90 78 67

March 2029..... 141 84 70 58 47 166 99 83 68 56 167 100 83 69 56

March 2030..... 151 78 62 48 37 184 95 75 59 45 186 96 76 59 46

March 2031..... 162 72 53 39 28 13 6 4 3 2 12 6 4 3 2

March 2032..... 174 65 45 31 21 10 4 3 2 1 10 4 3 2 1

March 2033..... 184 57 37 24 15 10 3 2 1 1 10 3 2 1 1

March 2034..... 9 2 1 1 0 0 0 0 0 0 0 0 0 0 0

March 2035..... 9 2 1 1 0 0 0 0 0 0 0 0 0 0 0

March 2036..... 8 1 1 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 9.7 8.0 6.8 5.8 5.0 6.9 6.7 6.1 5.5 4.9 6.9 6.6 6.1 5.5 4.9

*	 The decrement tables for Class IC reflect only the Class IC Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class IC Notional Balance at the Class IC Interest Rate, Class IC is entitled to

the Class IC Deferred Interest Amount. No representation is made about the timing of distributions of

the Class IC Deferred Interest Amount other than that such amount will be paid no later than the Final

Distribution Date for Class IC.

S-44
Security Groups 1, 2 and 5
 

PPC Prepayment Assumption Rates
 

Class IO* Class IO* Class IO*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 99 96 93 91 109 101 98 95 92 109 101 98 95 92

March 2026..... 115 96 90 85 79 119 100 94 88 82 119 100 94 88 83

March 2027..... 123 92 83 75 67 130 98 88 80 71 131 98 89 80 71

March 2028..... 132 87 75 65 55 143 95 82 70 60 142 94 81 70 60

March 2029..... 141 81 67 54 44 155 90 74 60 48 153 89 73 60 48

March 2030..... 151 75 58 45 34 163 82 63 49 37 164 82 64 49 37

March 2031..... 142 61 44 32 23 38 16 11 8 6 38 16 11 8 6

March 2032..... 93 34 24 16 11 8 3 2 1 1 8 3 2 1 1

March 2033..... 65 20 13 8 5 7 2 1 1 1 7 2 1 1 1

March 2034..... 14 4 2 1 1 5 1 1 0 0 5 1 1 0 0

March 2035..... 6 1 1 0 0 5 1 1 0 0 5 1 1 0 0

March 2036..... 6 1 0 0 0 6 1 0 0 0 6 1 0 0 0

March 2037..... 5 1 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2038..... 5 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2039..... 5 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2040..... 3 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2041..... 4 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2042..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2043..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2044..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2045..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 8.9 7.1 6.1 5.3 4.6 7.1 6.4 5.7 5.1 4.5 7.1 6.4 5.7 5.1 4.5

*	 The decrement tables for Class IO reflect only the Class IO Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class IO Notional Balance at the Class IO Interest Rate, Class IO is entitled to

the Class IO Deferred Interest Amount. No representation is made about the timing of distributions of

the Class IO Deferred Interest Amount other than that such amount will be paid no later than the

Final Distribution Date for Class IO.

S-45
Security Groups 4 and 5
 

PPC Prepayment Assumption Rates
 

Class FC Class FC Class FC

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 106 99 97 94 91 110 102 99 96 94 110 102 99 96 94

March 2026..... 113 97 91 86 80 121 102 96 90 85 121 102 96 91 85

March 2027..... 121 93 84 76 68 133 101 91 82 74 133 101 92 83 74

March 2028..... 128 88 76 66 57 146 98 85 74 63 147 99 86 74 63

March 2029..... 137 83 68 56 45 161 95 78 64 52 162 95 79 65 53

March 2030..... 146 76 60 46 35 178 90 71 55 42 179 91 71 55 42

March 2031..... 143 65 48 35 25 29 12 9 6 4 29 12 8 6 4

March 2032..... 134 53 37 25 17 9 3 2 2 1 9 3 2 2 1

March 2033..... 141 47 30 19 12 9 3 2 1 1 9 3 2 1 1

March 2034..... 7 2 1 1 0 0 0 0 0 0 0 0 0 0 0

March 2035..... 7 2 1 1 0 1 0 0 0 0 1 0 0 0 0

March 2036..... 7 1 1 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 9.4 7.6 6.5 5.6 4.9 7.0 6.7 6.0 5.3 4.8 7.0 6.6 6.0 5.3 4.7

S-46
Security Group 6
 

PPC Prepayment Assumption Rates
 

Class DI* Class DI* Class DI*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 104 103 102 101 111 108 107 105 104 112 109 107 106 105

March 2026..... 115 104 101 98 94 124 112 109 105 101 126 114 111 107 103

March 2027..... 123 103 97 90 85 138 115 108 101 95 142 118 111 104 97

March 2028..... 132 100 90 81 73 154 116 105 94 85 159 120 109 98 88

March 2029..... 142 95 83 71 61 171 115 100 86 74 179 120 104 90 78

March 2030..... 152 90 74 61 50 191 113 93 77 63 202 119 99 81 66

March 2031..... 163 84 66 51 40 211 108 85 66 51 225 116 91 71 55

March 2032..... 175 77 57 42 30 235 103 77 56 41 4 2 1 1 1

March 2033..... 188 70 49 34 23 4 2 1 1 1 5 2 1 1 1

March 2034..... 200 62 41 26 16 5 1 1 1 0 5 2 1 1 0

March 2035..... 215 55 33 20 11 0 0 0 0 0 0 0 0 0 0

March 2036..... 4 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 4 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 12.0 9.8 8.4 7.2 6.3 8.3 8.1 7.6 6.9 6.3 7.7 7.6 7.3 6.7 6.2

*	 The decrement tables for Class DI reflect only the Class DI Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class DI Notional Balance at the Class DI Interest Rate, Class DI is entitled to

the Class DI Deferred Interest Amount. No representation is made about the timing of distributions of

the Class DI Deferred Interest Amount other than that such amount will be paid no later than the

Final Distribution Date for Class DI.

S-47
Security Group 6
 

PPC Prepayment Assumption Rates
 

Class FD Class FD Class FD

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 106 103 103 102 101 111 107 106 105 104 112 109 107 106 105

March 2026..... 113 104 101 97 94 123 112 108 105 101 126 114 111 107 103

March 2027..... 120 102 96 90 84 137 114 108 101 94 142 118 111 104 97

March 2028..... 128 99 90 81 73 152 115 104 94 85 159 120 109 98 88

March 2029..... 136 95 82 71 61 169 114 99 86 74 179 120 104 90 77

March 2030..... 144 89 74 61 50 187 112 93 77 63 202 119 99 81 66

March 2031..... 154 83 66 51 40 207 108 85 66 51 225 116 91 71 55

March 2032..... 163 77 57 42 30 230 103 77 56 41 4 2 1 1 1

March 2033..... 174 70 49 34 23 4 2 1 1 1 5 2 1 1 1

March 2034..... 184 62 41 26 16 5 1 1 1 0 5 2 1 1 0

March 2035..... 195 55 33 20 11 0 0 0 0 0 0 0 0 0 0

March 2036..... 3 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 4 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 12.0 9.8 8.4 7.2 6.3 8.3 8.1 7.6 6.9 6.3 7.7 7.6 7.3 6.7 6.2

S-48
Security Group 7
 

PPC Prepayment Assumption Rates
 

Class DF Class DF Class DF

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 106 98 95 92 89 107 99 96 93 90 107 99 96 93 90

March 2026..... 113 95 89 83 77 115 96 89 83 78 115 96 89 83 78

March 2027..... 120 90 81 72 64 124 91 82 73 65 124 91 82 73 65

March 2028..... 128 85 73 62 52 133 86 74 63 53 133 86 74 63 53

March 2029..... 136 79 64 52 41 143 81 66 53 42 143 81 66 53 42

March 2030..... 144 72 56 42 32 152 74 57 43 32 152 74 57 43 32

March 2031..... 152 65 47 33 23 163 67 48 34 24 163 67 48 34 24

March 2032..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2033..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2034..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2035..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2036..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 7.4 6.3 5.5 4.8 4.3 7.1 6.2 5.4 4.8 4.3 7.1 6.2 5.4 4.8 4.3

S-49
Security Group 7
 

PPC Prepayment Assumption Rates
 

Class ID* Class ID* Class ID*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 98 95 92 89 107 99 96 93 90 107 99 96 93 90

March 2026..... 114 95 89 83 77 115 96 89 83 78 115 96 89 83 78

March 2027..... 122 90 81 72 64 124 91 82 73 65 124 91 82 73 65

March 2028..... 131 85 73 62 52 133 86 74 63 53 133 86 74 63 53

March 2029..... 140 79 64 52 41 143 81 66 53 42 143 81 66 53 42

March 2030..... 149 72 56 42 32 152 74 57 43 32 152 74 57 43 32

March 2031..... 158 65 47 33 23 163 67 48 34 24 163 67 48 34 24

March 2032..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2033..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2034..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2035..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2036..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 7.4 6.3 5.5 4.8 4.3 7.1 6.2 5.4 4.8 4.3 7.1 6.2 5.4 4.8 4.3

*	 The decrement tables for Class ID reflect only the Class ID Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class ID Notional Balance at the Class ID Interest Rate, Class ID is entitled to

the Class ID Deferred Interest Amount. No representation is made about the timing of distributions of

the Class ID Deferred Interest Amount other than that such amount will be paid no later than the

Final Distribution Date for Class ID.

S-50
Security Groups 6 and 7
 

PPC Prepayment Assumption Rates
 

Class FM Class FM Class FM

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 106 101 99 97 95 109 103 101 99 97 110 104 102 100 98

March 2026..... 113 99 95 90 86 119 104 99 94 90 121 105 100 95 91

March 2027..... 120 96 89 81 75 130 103 95 87 80 133 105 97 89 81

March 2028..... 128 92 81 72 63 142 101 89 79 69 146 103 91 81 71

March 2029..... 136 87 73 62 51 156 98 83 70 58 161 101 85 72 60

March 2030..... 144 81 65 52 41 170 93 75 60 48 177 97 78 62 49

March 2031..... 153 74 56 42 31 185 88 67 50 38 195 92 70 53 39

March 2032..... 83 39 29 21 15 116 52 39 29 21 2 1 1 0 0

March 2033..... 88 35 25 17 11 2 1 1 0 0 2 1 1 0 0

March 2034..... 93 31 21 13 8 2 1 0 0 0 3 1 1 0 0

March 2035..... 99 28 17 10 6 0 0 0 0 0 0 0 0 0 0

March 2036..... 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 10.1 8.2 7.0 6.1 5.3 7.8 7.4 6.7 6.0 5.4 7.4 7.2 6.6 6.0 5.4

S-51
Security Group 8
 

PPC Prepayment Assumption Rates
 

Class EI* Class EI* Class EI*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 104 103 102 100 111 107 106 105 104 112 108 107 106 105

March 2026..... 115 104 101 97 94 123 112 108 105 101 125 114 110 107 103

March 2027..... 123 102 96 90 84 137 114 107 100 94 141 117 110 103 97

March 2028..... 131 99 89 81 73 152 115 104 94 84 158 119 108 97 87

March 2029..... 140 94 82 71 61 167 112 97 84 72 175 117 102 88 75

March 2030..... 148 87 72 59 49 185 109 91 75 61 196 116 96 79 64

March 2031..... 158 81 64 50 38 205 105 83 64 50 219 112 88 69 53

March 2032..... 169 75 55 41 29 1 0 0 0 0 1 0 0 0 0

March 2033..... 180 67 47 32 22 1 0 0 0 0 0 0 0 0 0

March 2034..... 192 60 39 25 16 0 0 0 0 0 0 0 0 0 0

March 2035..... 206 53 32 19 11 0 0 0 0 0 0 0 0 0 0

March 2036..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 11.4 9.4 8.1 7.0 6.2 7.8 7.6 7.1 6.6 6.1 7.2 7.1 6.8 6.4 5.9

*	 The decrement tables for Class EI reflect only the Class EI Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class EI Notional Balance at the Class EI Interest Rate, Class EI is entitled to

the Class EI Deferred Interest Amount. No representation is made about the timing of distributions of

the Class EI Deferred Interest Amount other than that such amount will be paid no later than the Final

Distribution Date for Class EI.

S-52
Security Group 8
 

PPC Prepayment Assumption Rates
 

Class FE Class FE Class FE

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 104 103 102 100 111 107 106 105 104 112 108 107 106 105

March 2026..... 114 104 101 97 94 123 112 108 105 101 125 114 110 107 103

March 2027..... 122 102 96 90 84 137 114 107 100 94 141 117 110 103 97

March 2028..... 130 99 89 81 73 152 115 104 94 84 158 119 108 97 87

March 2029..... 139 94 82 71 61 167 112 97 84 72 175 117 102 88 75

March 2030..... 146 87 72 59 49 185 109 91 75 61 196 116 96 79 64

March 2031..... 156 81 64 50 38 205 105 83 64 50 219 112 88 69 53

March 2032..... 167 74 55 41 29 1 0 0 0 0 1 0 0 0 0

March 2033..... 177 67 47 32 22 1 0 0 0 0 0 0 0 0 0

March 2034..... 189 60 39 25 16 0 0 0 0 0 0 0 0 0 0

March 2035..... 202 53 32 19 11 0 0 0 0 0 0 0 0 0 0

March 2036..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 11.4 9.4 8.1 7.0 6.2 7.8 7.6 7.1 6.6 6.1 7.2 7.1 6.8 6.4 5.9

S-53
Security Groups 6 and 8
 

PPC Prepayment Assumption Rates
 

Class IM* Class IM* Class IM*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 104 103 102 101 111 108 106 105 104 112 109 107 106 105

March 2026..... 115 104 101 98 94 124 112 109 105 101 126 114 111 107 103

March 2027..... 123 103 96 90 84 138 115 108 101 94 141 118 111 104 97

March 2028..... 132 99 90 81 73 153 115 104 94 85 159 120 108 98 88

March 2029..... 142 95 82 71 61 170 114 99 86 73 178 119 104 90 77

March 2030..... 151 89 74 61 50 189 112 93 76 62 200 118 98 81 66

March 2031..... 162 83 65 51 39 209 107 85 66 51 224 115 90 70 54

March 2032..... 174 76 57 42 30 175 77 57 42 30 3 1 1 1 1

March 2033..... 186 69 48 33 22 3 1 1 1 0 3 1 1 1 0

March 2034..... 198 62 40 26 16 4 1 1 0 0 4 1 1 1 0

March 2035..... 212 55 33 20 11 0 0 0 0 0 0 0 0 0 0

March 2036..... 3 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 3 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 11.9 9.7 8.3 7.2 6.3 8.2 8.0 7.5 6.8 6.2 7.6 7.5 7.1 6.7 6.1

*	 The decrement tables for Class IM reflect only the Class IM Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class IM Notional Balance at the Class IM Interest Rate, Class IM is entitled to

the Class IM Deferred Interest Amount. No representation is made about the timing of distributions of

the Class IM Deferred Interest Amount other than that such amount will be paid no later than the

Final Distribution Date for Class IM.

S-54
Security Group 9
 

PPC Prepayment Assumption Rates
 

Class EF Class EF Class EF

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 98 95 92 89 107 98 95 92 89 107 98 95 92 89

March 2026..... 114 94 88 81 76 115 95 88 82 76 115 95 88 82 76

March 2027..... 122 89 80 71 63 124 90 81 72 64 124 90 81 72 64

March 2028..... 130 84 71 60 51 133 85 73 61 52 133 85 73 61 52

March 2029..... 139 77 63 50 40 133 74 60 48 38 133 74 60 48 38

March 2030..... 148 71 54 41 30 143 68 52 39 29 143 68 52 39 29

March 2031..... 9 4 3 2 1 9 4 3 2 1 9 4 3 2 1

March 2032..... 10 3 2 1 1 8 3 2 1 1 8 3 2 1 1

March 2033..... 8 2 1 1 0 8 2 1 1 0 8 2 1 1 0

March 2034..... 8 2 1 1 0 9 2 1 1 0 9 2 1 1 0

March 2035..... 9 2 1 0 0 9 2 1 0 0 9 2 1 0 0

March 2036..... 9 1 1 0 0 10 1 1 0 0 10 1 1 0 0

March 2037..... 10 1 0 0 0 11 1 1 0 0 11 1 1 0 0

March 2038..... 11 1 0 0 0 11 1 0 0 0 11 1 0 0 0

March 2039..... 11 1 0 0 0 12 1 0 0 0 12 1 0 0 0

March 2040..... 12 1 0 0 0 13 1 0 0 0 13 1 0 0 0

March 2041..... 13 0 0 0 0 14 0 0 0 0 14 0 0 0 0

March 2042..... 14 0 0 0 0 15 0 0 0 0 15 0 0 0 0

March 2043..... 15 0 0 0 0 16 0 0 0 0 16 0 0 0 0

March 2044..... 16 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 8.3 6.0 5.3 4.6 4.1 7.9 5.9 5.2 4.6 4.0 7.9 5.9 5.2 4.6 4.0

S-55
Security Group 9
 

PPC Prepayment Assumption Rates
 

Class IE* Class IE* Class IE*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 98 95 92 89 107 98 95 92 89 107 98 95 92 89

March 2026..... 114 94 88 81 76 115 95 88 82 76 115 95 88 82 76

March 2027..... 122 89 80 71 63 124 90 81 72 64 124 90 81 72 64

March 2028..... 130 84 71 60 51 133 85 73 61 52 133 85 73 61 52

March 2029..... 140 77 63 50 40 133 74 60 48 38 133 74 60 48 38

March 2030..... 149 71 54 41 30 143 68 52 39 29 143 68 52 39 29

March 2031..... 9 4 3 2 1 9 4 3 2 1 9 4 3 2 1

March 2032..... 10 3 2 1 1 8 3 2 1 1 8 3 2 1 1

March 2033..... 8 2 1 1 0 8 2 1 1 0 8 2 1 1 0

March 2034..... 8 2 1 1 0 9 2 1 1 0 9 2 1 1 0

March 2035..... 9 2 1 0 0 9 2 1 0 0 9 2 1 0 0

March 2036..... 9 1 1 0 0 10 1 1 0 0 10 1 1 0 0

March 2037..... 10 1 0 0 0 11 1 1 0 0 11 1 1 0 0

March 2038..... 11 1 0 0 0 11 1 0 0 0 11 1 0 0 0

March 2039..... 12 1 0 0 0 12 1 0 0 0 12 1 0 0 0

March 2040..... 12 1 0 0 0 13 1 0 0 0 13 1 0 0 0

March 2041..... 13 0 0 0 0 14 0 0 0 0 14 0 0 0 0

March 2042..... 14 0 0 0 0 15 0 0 0 0 15 0 0 0 0

March 2043..... 15 0 0 0 0 16 0 0 0 0 16 0 0 0 0

March 2044..... 16 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 8.3 6.0 5.3 4.6 4.1 7.9 5.9 5.2 4.6 4.0 7.9 5.9 5.2 4.6 4.0

*	 The decrement tables for Class IE reflect only the Class IE Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class IE Notional Balance at the Class IE Interest Rate, Class IE is entitled to

the Class IE Deferred Interest Amount. No representation is made about the timing of distributions of

the Class IE Deferred Interest Amount other than that such amount will be paid no later than the Final

Distribution Date for Class IE.

S-56
Security Groups 6, 7, 8 and 9
 

PPC Prepayment Assumption Rates
 

Class IN* Class IN* Class IN*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 101 99 97 95 109 103 101 99 97 110 103 101 99 97

March 2026..... 115 99 94 90 85 119 104 99 94 89 120 105 100 95 90

March 2027..... 123 96 88 81 74 131 103 94 87 79 132 104 96 88 81

March 2028..... 131 92 81 71 62 143 100 89 78 68 146 103 91 80 70

March 2029..... 141 87 73 61 51 155 96 81 68 57 159 99 83 70 59

March 2030..... 150 80 64 51 40 169 91 74 59 46 174 95 76 61 48

March 2031..... 137 64 49 37 28 162 77 59 45 34 169 81 62 47 35

March 2032..... 87 38 28 21 15 87 38 28 21 15 3 1 1 1 0

March 2033..... 92 34 24 16 11 3 1 1 0 0 3 1 1 0 0

March 2034..... 98 31 20 13 8 3 1 1 0 0 3 1 1 0 0

March 2035..... 105 27 16 10 5 1 0 0 0 0 1 0 0 0 0

March 2036..... 3 1 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2037..... 3 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2038..... 2 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2039..... 2 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2040..... 2 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2041..... 2 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2042..... 2 0 0 0 0 2 0 0 0 0 2 0 0 0 0

March 2043..... 2 0 0 0 0 3 0 0 0 0 3 0 0 0 0

March 2044..... 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 10.1 8.0 6.9 6.0 5.3 7.8 7.3 6.6 5.9 5.3 7.5 7.1 6.5 5.9 5.3

*	 The decrement tables for Class IN reflect only the Class IN Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class IN Notional Balance at the Class IN Interest Rate, Class IN is entitled to

the Class IN Deferred Interest Amount. No representation is made about the timing of distributions of

the Class IN Deferred Interest Amount other than that such amount will be paid no later than the

Final Distribution Date for Class IN.

S-57
Security Groups 7 and 9
 

PPC Prepayment Assumption Rates
 

Class NI* Class NI* Class NI*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 98 95 92 89 107 98 95 92 89 107 98 95 92 89

March 2026..... 114 94 88 82 77 115 95 89 83 77 115 95 89 83 77

March 2027..... 122 90 81 72 64 124 91 82 73 65 124 91 82 73 65

March 2028..... 131 85 72 61 52 133 86 74 63 53 133 86 74 63 53

March 2029..... 140 78 64 51 41 140 79 64 51 41 140 79 64 51 41

March 2030..... 149 72 55 42 31 149 72 55 42 31 149 72 55 42 31

March 2031..... 113 46 34 24 17 117 48 35 25 17 117 48 35 25 17

March 2032..... 3 1 1 0 0 2 1 1 0 0 2 1 1 0 0

March 2033..... 2 1 0 0 0 2 1 0 0 0 2 1 0 0 0

March 2034..... 2 1 0 0 0 3 1 0 0 0 3 1 0 0 0

March 2035..... 3 0 0 0 0 3 0 0 0 0 3 0 0 0 0

March 2036..... 3 0 0 0 0 3 0 0 0 0 3 0 0 0 0

March 2037..... 3 0 0 0 0 3 0 0 0 0 3 0 0 0 0

March 2038..... 3 0 0 0 0 3 0 0 0 0 3 0 0 0 0

March 2039..... 4 0 0 0 0 4 0 0 0 0 4 0 0 0 0

March 2040..... 4 0 0 0 0 4 0 0 0 0 4 0 0 0 0

March 2041..... 4 0 0 0 0 4 0 0 0 0 4 0 0 0 0

March 2042..... 4 0 0 0 0 5 0 0 0 0 5 0 0 0 0

March 2043..... 5 0 0 0 0 5 0 0 0 0 5 0 0 0 0

March 2044..... 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 7.7 6.2 5.4 4.8 4.2 7.3 6.1 5.3 4.7 4.2 7.3 6.1 5.3 4.7 4.2

*	 The decrement tables for Class NI reflect only the Class NI Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class NI Notional Balance at the Class NI Interest Rate, Class NI is entitled to

the Class NI Deferred Interest Amount. No representation is made about the timing of distributions of

the Class NI Deferred Interest Amount other than that such amount will be paid no later than the

Final Distribution Date for Class NI.

S-58
Security Groups 8 and 9
 

PPC Prepayment Assumption Rates
 

Class MF Class MF Class MF

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 100 98 96 94 109 102 100 98 96 109 103 100 98 96

March 2026..... 114 98 93 89 84 119 102 97 92 87 120 103 98 93 88

March 2027..... 122 95 87 79 72 130 101 93 85 77 131 102 94 86 78

March 2028..... 130 90 79 69 60 142 98 87 76 66 144 100 88 77 68

March 2029..... 139 85 71 59 49 148 91 77 64 53 152 93 79 66 55

March 2030..... 147 78 62 49 38 162 87 69 55 43 167 89 72 57 45

March 2031..... 75 38 30 23 18 97 49 38 30 23 103 52 41 32 24

March 2032..... 80 35 26 19 14 5 2 1 1 0 5 2 1 1 0

March 2033..... 84 31 22 15 10 5 1 1 1 0 4 1 1 0 0

March 2034..... 89 28 18 11 7 5 1 1 0 0 5 1 1 0 0

March 2035..... 95 25 15 9 5 5 1 0 0 0 5 1 0 0 0

March 2036..... 5 1 0 0 0 5 1 0 0 0 5 1 0 0 0

March 2037..... 6 1 0 0 0 6 1 0 0 0 6 1 0 0 0

March 2038..... 6 1 0 0 0 6 1 0 0 0 6 1 0 0 0

March 2039..... 6 0 0 0 0 7 0 0 0 0 7 0 0 0 0

March 2040..... 7 0 0 0 0 7 0 0 0 0 7 0 0 0 0

March 2041..... 7 0 0 0 0 8 0 0 0 0 8 0 0 0 0

March 2042..... 8 0 0 0 0 8 0 0 0 0 8 0 0 0 0

March 2043..... 8 0 0 0 0 9 0 0 0 0 9 0 0 0 0

March 2044..... 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 9.9 7.6 6.6 5.8 5.1 7.9 6.9 6.3 5.6 5.0 7.6 6.7 6.1 5.6 5.0

S-59
Security Group 10
 

PPC Prepayment Assumption Rates
 

Class FG Class FG Class FG

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 104 103 102 101 111 108 107 106 105 112 109 108 107 106

March 2026..... 114 105 101 98 95 124 113 109 106 103 126 115 112 108 105

March 2027..... 121 103 97 91 86 138 116 109 102 96 142 119 112 105 99

March 2028..... 129 100 91 82 74 153 116 106 96 86 159 121 110 99 90

March 2029..... 138 96 83 72 62 171 116 101 87 75 179 121 106 92 79

March 2030..... 147 90 75 62 51 190 113 94 78 64 201 120 100 83 68

March 2031..... 157 84 67 52 40 211 109 86 68 52 226 117 93 72 56

March 2032..... 167 77 58 43 31 6 3 2 1 1 0 0 0 0 0

March 2033..... 177 70 49 34 23 0 0 0 0 0 0 0 0 0 0

March 2034..... 189 63 41 27 17 0 0 0 0 0 0 0 0 0 0

March 2035..... 197 54 33 20 11 0 0 0 0 0 0 0 0 0 0

March 2036..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 11.2 9.4 8.2 7.1 6.3 7.7 7.6 7.1 6.6 6.1 7.1 7.0 6.8 6.4 6.0

S-60
Security Group 10
 

PPC Prepayment Assumption Rates
 

Class GI* Class GI* Class GI*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 104 103 102 101 111 108 107 106 105 112 109 108 107 106

March 2026..... 115 105 102 99 95 124 113 109 106 103 126 115 112 108 105

March 2027..... 123 103 97 91 86 138 116 109 102 96 142 119 112 105 99

March 2028..... 132 100 91 82 74 153 116 106 96 86 159 121 110 99 90

March 2029..... 141 96 83 72 62 171 116 101 87 75 179 121 106 92 79

March 2030..... 152 91 75 62 51 190 113 94 78 64 201 120 100 83 68

March 2031..... 163 84 67 52 40 211 109 86 68 52 226 117 93 72 56

March 2032..... 174 78 58 43 31 6 3 2 1 1 0 0 0 0 0

March 2033..... 186 70 49 34 23 0 0 0 0 0 0 0 0 0 0

March 2034..... 199 63 41 27 17 0 0 0 0 0 0 0 0 0 0

March 2035..... 208 54 33 20 11 0 0 0 0 0 0 0 0 0 0

March 2036..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 11.2 9.4 8.2 7.1 6.3 7.7 7.6 7.1 6.6 6.1 7.1 7.0 6.8 6.4 6.0

*	 The decrement tables for Class GI reflect only the Class GI Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class GI Notional Balance at the Class GI Interest Rate, Class GI is entitled to

the Class GI Deferred Interest Amount. No representation is made about the timing of distributions of

the Class GI Deferred Interest Amount other than that such amount will be paid no later than the

Final Distribution Date for Class GI.

S-61
Security Group 11
 

PPC Prepayment Assumption Rates
 

Class GF Class GF Class GF

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 104 104 103 102 111 108 108 107 106 112 109 109 108 107

March 2026..... 114 105 102 99 96 123 114 110 107 104 126 116 112 109 106

March 2027..... 121 104 98 92 87 137 116 110 103 97 141 120 113 106 100

March 2028..... 129 101 92 83 76 153 117 107 97 88 159 122 111 101 91

March 2029..... 138 96 84 73 64 170 117 102 89 77 179 122 107 93 81

March 2030..... 147 91 76 63 52 190 114 96 79 65 201 121 101 84 69

March 2031..... 157 85 68 53 41 211 111 88 69 54 0 0 0 0 0

March 2032..... 167 78 59 44 32 0 0 0 0 0 1 0 0 0 0

March 2033..... 178 71 50 35 24 1 0 0 0 0 1 0 0 0 0

March 2034..... 190 64 42 27 17 0 0 0 0 0 0 0 0 0 0

March 2035..... 202 57 35 21 12 0 0 0 0 0 0 0 0 0 0

March 2036..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 11.1 9.4 8.2 7.2 6.4 7.6 7.5 7.1 6.6 6.1 7.0 7.0 6.7 6.4 5.9

S-62
Security Group 11
 

PPC Prepayment Assumption Rates
 

Class IG* Class IG* Class IG*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 105 104 103 102 111 108 108 107 106 112 109 109 108 107

March 2026..... 115 106 103 100 97 124 114 110 107 104 126 116 112 109 106

March 2027..... 123 104 98 93 87 138 116 110 103 97 141 120 113 106 100

March 2028..... 132 101 92 84 76 153 117 107 97 88 159 122 111 101 91

March 2029..... 141 97 85 74 64 170 117 102 89 77 179 122 107 93 81

March 2030..... 152 91 76 63 52 190 115 96 79 65 201 121 101 84 69

March 2031..... 162 85 68 53 41 211 111 88 69 54 0 0 0 0 0

March 2032..... 174 79 59 44 32 0 0 0 0 0 1 0 0 0 0

March 2033..... 187 72 50 35 24 1 0 0 0 0 1 0 0 0 0

March 2034..... 200 64 42 27 17 0 0 0 0 0 0 0 0 0 0

March 2035..... 214 57 35 21 12 0 0 0 0 0 0 0 0 0 0

March 2036..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 11.1 9.4 8.2 7.2 6.4 7.6 7.5 7.1 6.6 6.1 7.0 7.0 6.7 6.4 5.9

*	 The decrement tables for Class IG reflect only the Class IG Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class IG Notional Balance at the Class IG Interest Rate, Class IG is entitled to

the Class IG Deferred Interest Amount. No representation is made about the timing of distributions of

the Class IG Deferred Interest Amount other than that such amount will be paid no later than the

Final Distribution Date for Class IG.

S-63
Security Group 12
 

PPC Prepayment Assumption Rates
 

Class FH Class FH Class FH

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 104 104 103 102 111 108 108 107 106 112 109 109 108 107

March 2026..... 114 105 102 99 97 124 114 110 107 104 126 116 112 109 106

March 2027..... 121 104 98 93 87 138 117 110 104 97 141 120 113 106 100

March 2028..... 129 101 92 84 76 153 118 107 97 88 159 122 111 101 91

March 2029..... 138 97 85 74 64 171 117 102 89 77 179 122 107 93 81

March 2030..... 145 90 76 63 52 188 114 95 79 65 199 120 100 83 68

March 2031..... 155 84 67 53 41 207 109 86 68 53 220 116 92 72 56

March 2032..... 165 78 58 43 32 230 104 78 58 42 0 0 0 0 0

March 2033..... 174 70 49 34 23 0 0 0 0 0 0 0 0 0 0

March 2034..... 185 63 41 27 17 0 0 0 0 0 0 0 0 0 0

March 2035..... 197 55 34 20 12 0 0 0 0 0 0 0 0 0 0

March 2036..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 11.7 9.7 8.4 7.3 6.4 8.1 7.9 7.4 6.9 6.3 7.5 7.4 7.1 6.7 6.2

S-64
Security Group 12
 

PPC Prepayment Assumption Rates
 

Class HI* Class HI* Class HI*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 105 104 103 102 111 108 108 107 106 112 109 109 108 107

March 2026..... 115 106 103 100 97 124 114 110 107 104 126 116 112 109 106

March 2027..... 123 104 98 93 87 138 117 110 104 97 141 120 113 106 100

March 2028..... 132 101 92 84 76 153 118 107 97 88 159 122 111 101 91

March 2029..... 142 97 85 74 64 171 117 102 89 77 179 122 107 93 81

March 2030..... 150 91 76 63 52 188 114 95 79 65 199 120 100 83 68

March 2031..... 161 85 67 53 41 207 109 86 68 53 220 116 92 72 56

March 2032..... 173 78 59 43 32 230 104 78 58 42 0 0 0 0 0

March 2033..... 183 70 49 34 23 0 0 0 0 0 0 0 0 0 0

March 2034..... 196 63 42 27 17 0 0 0 0 0 0 0 0 0 0

March 2035..... 210 56 34 20 12 0 0 0 0 0 0 0 0 0 0

March 2036..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 11.7 9.7 8.4 7.3 6.4 8.1 7.9 7.4 6.9 6.3 7.5 7.4 7.1 6.7 6.2

*	 The decrement tables for Class HI reflect only the Class HI Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class HI Notional Balance at the Class HI Interest Rate, Class HI is entitled to

the Class HI Deferred Interest Amount. No representation is made about the timing of distributions of

the Class HI Deferred Interest Amount other than that such amount will be paid no later than the

Final Distribution Date for Class HI.

S-65
Security Group 13
 

PPC Prepayment Assumption Rates
 

Class HF Class HF Class HF

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 104 104 103 102 111 108 108 107 106 112 109 109 108 107

March 2026..... 114 105 102 99 96 123 113 110 107 104 126 116 112 109 106

March 2027..... 121 104 98 92 87 137 116 110 103 97 141 120 113 106 100

March 2028..... 129 101 92 83 75 153 117 107 97 88 159 122 111 101 91

March 2029..... 138 96 84 73 64 170 116 102 89 77 178 122 107 93 80

March 2030..... 147 91 76 63 52 189 114 95 79 65 201 121 101 84 69

March 2031..... 157 85 67 53 41 211 111 88 69 54 225 118 94 74 58

March 2032..... 167 78 59 44 32 234 106 79 59 43 5 2 2 1 1

March 2033..... 178 71 50 35 24 5 2 1 1 1 6 2 2 1 1

March 2034..... 189 64 42 27 17 6 2 1 1 0 6 2 1 1 1

March 2035..... 202 56 35 21 12 1 0 0 0 0 1 0 0 0 0

March 2036..... 4 1 1 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 5 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 4 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 11.9 9.8 8.4 7.3 6.4 8.1 8.0 7.5 6.9 6.3 7.6 7.5 7.2 6.7 6.2

S-66
Security Group 13
 

PPC Prepayment Assumption Rates
 

Class IH* Class IH* Class IH*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 105 104 103 102 111 108 108 107 106 112 109 109 108 107

March 2026..... 115 106 102 100 97 123 113 110 107 104 126 116 112 109 106

March 2027..... 123 104 98 93 87 137 116 110 103 97 141 120 113 106 100

March 2028..... 132 101 92 84 76 153 117 107 97 88 159 122 111 101 91

March 2029..... 141 97 84 73 64 170 116 102 89 77 178 122 107 93 81

March 2030..... 151 91 76 63 52 189 114 95 79 65 201 121 101 84 69

March 2031..... 162 85 68 53 41 211 111 88 69 54 225 118 94 74 58

March 2032..... 173 78 59 44 32 234 106 79 59 43 5 2 2 1 1

March 2033..... 186 71 50 35 24 5 2 1 1 1 6 2 2 1 1

March 2034..... 199 64 42 27 17 6 2 1 1 0 6 2 1 1 1

March 2035..... 213 57 35 21 12 1 0 0 0 0 1 0 0 0 0

March 2036..... 5 1 1 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 5 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 5 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 11.9 9.8 8.4 7.3 6.4 8.1 8.0 7.5 6.9 6.3 7.6 7.5 7.2 6.7 6.2

*	 The decrement tables for Class IH reflect only the Class IH Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class IH Notional Balance at the Class IH Interest Rate, Class IH is entitled to

the Class IH Deferred Interest Amount. No representation is made about the timing of distributions of

the Class IH Deferred Interest Amount other than that such amount will be paid no later than the

Final Distribution Date for Class IH.

S-67
Security Group 14
 

PPC Prepayment Assumption Rates
 

Class IK* Class IK* Class IK*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 105 104 103 102 111 108 107 106 105 112 109 108 107 106

March 2026..... 115 105 102 99 96 123 113 110 107 103 126 115 112 109 105

March 2027..... 123 104 98 92 86 137 116 109 103 96 142 119 112 106 99

March 2028..... 132 100 91 83 75 153 117 106 96 87 154 118 108 98 89

March 2029..... 141 96 84 73 63 165 113 99 86 75 174 119 104 90 78

March 2030..... 151 91 76 63 51 184 111 93 77 63 195 118 98 81 67

March 2031..... 157 83 66 52 40 205 108 85 67 52 219 115 91 72 56

March 2032..... 169 76 57 42 31 228 103 77 57 42 15 7 5 4 3

March 2033..... 181 69 49 34 23 5 2 1 1 1 5 2 1 1 1

March 2034..... 193 62 41 27 17 5 2 1 1 0 1 0 0 0 0

March 2035..... 204 54 33 20 12 1 0 0 0 0 0 0 0 0 0

March 2036..... 4 1 1 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 4 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 5 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 11.9 9.7 8.4 7.3 6.4 8.2 8.0 7.5 6.9 6.3 7.6 7.5 7.2 6.7 6.2

*	 The decrement tables for Class IK reflect only the Class IK Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class IK Notional Balance at the Class IK Interest Rate, Class IK is entitled to

the Class IK Deferred Interest Amount. No representation is made about the timing of distributions of

the Class IK Deferred Interest Amount other than that such amount will be paid no later than the

Final Distribution Date for Class IK.

S-68
Security Group 14
 

PPC Prepayment Assumption Rates
 

Class KF Class KF Class KF

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 104 103 103 102 111 108 107 106 105 112 109 108 107 106

March 2026..... 114 105 102 99 96 123 113 110 106 103 126 115 112 109 105

March 2027..... 121 103 97 92 86 137 116 109 103 96 141 119 112 106 99

March 2028..... 129 100 91 83 75 153 117 106 96 87 154 118 108 98 89

March 2029..... 138 96 84 73 63 165 113 99 86 75 174 119 104 90 78

March 2030..... 147 90 75 62 51 184 111 93 77 63 195 118 98 81 67

March 2031..... 152 82 65 52 40 205 108 85 67 52 219 115 91 72 56

March 2032..... 162 76 57 42 31 228 103 77 57 42 15 7 5 4 3

March 2033..... 173 69 49 34 23 5 2 1 1 1 5 2 1 1 1

March 2034..... 184 62 41 26 17 5 2 1 1 0 1 0 0 0 0

March 2035..... 193 54 33 20 11 1 0 0 0 0 0 0 0 0 0

March 2036..... 4 1 1 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 4 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 5 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 11.9 9.7 8.4 7.3 6.4 8.2 8.0 7.5 6.9 6.3 7.6 7.5 7.2 6.7 6.2

S-69
Security Groups 10, 11, 12, 13 and 14
 

PPC Prepayment Assumption Rates
 

Class IP* Class IP* Class IP*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 105 104 103 102 111 108 107 107 106 112 109 108 108 107

March 2026..... 115 105 102 99 96 124 113 110 107 104 126 116 112 109 105

March 2027..... 123 104 98 92 87 138 116 109 103 97 141 119 113 106 100

March 2028..... 132 101 92 83 75 153 117 106 97 87 158 121 110 100 90

March 2029..... 141 96 84 73 63 170 116 101 88 76 178 121 106 92 80

March 2030..... 151 91 76 63 52 188 113 95 78 64 199 120 100 83 68

March 2031..... 161 84 67 53 41 209 109 87 68 53 187 98 78 61 47

March 2032..... 173 78 58 43 32 146 66 50 37 27 4 2 1 1 1

March 2033..... 184 70 50 34 23 2 1 0 0 0 2 1 1 0 0

March 2034..... 197 63 42 27 17 2 1 0 0 0 1 0 0 0 0

March 2035..... 210 55 34 20 12 0 0 0 0 0 0 0 0 0 0

March 2036..... 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2037..... 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2038..... 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2039..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2040..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 11.6 9.6 8.3 7.2 6.4 8.0 7.8 7.3 6.8 6.2 7.4 7.3 7.0 6.6 6.1

*	 The decrement tables for Class IP reflect only the Class IP Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class IP Notional Balance at the Class IP Interest Rate, Class IP is entitled to

the Class IP Deferred Interest Amount. No representation is made about the timing of distributions of

the Class IP Deferred Interest Amount other than that such amount will be paid no later than the Final

Distribution Date for Class IP.

S-70
Security Group 15
 

PPC Prepayment Assumption Rates
 

Class FL Class FL Class FL

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 101 99 97 95 110 104 101 99 97 110 104 102 100 98

March 2026..... 114 100 95 90 86 121 105 100 95 90 122 106 101 96 91

March 2027..... 121 97 89 81 75 133 105 96 88 81 134 106 98 90 82

March 2028..... 129 92 82 72 63 146 103 91 80 70 148 105 93 82 72

March 2029..... 138 87 74 62 51 161 100 84 71 59 164 102 87 73 61

March 2030..... 147 81 65 52 41 174 94 76 60 48 118 62 49 38 30

March 2031..... 156 75 57 42 31 40 20 16 12 9 42 21 17 13 10

March 2032..... 101 44 33 23 17 44 19 14 10 7 12 5 3 2 2

March 2033..... 104 39 27 18 12 9 3 2 1 1 10 3 2 1 1

March 2034..... 35 11 7 4 3 10 3 2 1 1 11 3 2 1 1

March 2035..... 37 10 6 3 2 6 1 1 0 0 6 1 1 0 0

March 2036..... 9 2 1 0 0 7 1 1 0 0 7 1 1 0 0

March 2037..... 9 1 1 0 0 7 1 0 0 0 7 1 0 0 0

March 2038..... 10 1 0 0 0 8 1 0 0 0 8 1 0 0 0

March 2039..... 10 1 0 0 0 9 1 0 0 0 9 1 0 0 0

March 2040..... 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 9.4 7.6 6.7 5.9 5.2 7.2 6.6 6.1 5.5 5.0 6.9 6.4 5.9 5.4 5.0

S-71
Security Group 15
 

PPC Prepayment Assumption Rates
 

Class LI* Class LI* Class LI*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 101 99 97 95 110 104 101 99 97 110 104 102 100 98

March 2026..... 115 100 95 90 86 121 105 100 95 90 122 106 101 96 91

March 2027..... 123 97 89 81 75 133 105 96 88 81 135 106 98 90 82

March 2028..... 132 92 82 72 63 146 103 91 80 70 149 105 93 82 72

March 2029..... 141 87 74 62 51 161 100 84 71 59 165 102 87 73 61

March 2030..... 151 81 65 52 41 174 94 76 60 48 119 62 49 38 30

March 2031..... 162 75 57 42 31 40 20 16 12 9 43 21 17 13 10

March 2032..... 106 44 33 23 17 44 19 14 10 7 13 5 3 2 2

March 2033..... 108 39 27 18 12 9 3 2 1 1 10 3 2 1 1

March 2034..... 36 11 7 4 3 10 3 2 1 1 11 3 2 1 1

March 2035..... 39 10 6 3 2 6 1 1 0 0 6 1 1 0 0

March 2036..... 9 2 1 0 0 7 1 1 0 0 7 1 1 0 0

March 2037..... 10 1 1 0 0 7 1 0 0 0 7 1 0 0 0

March 2038..... 10 1 0 0 0 8 1 0 0 0 8 1 0 0 0

March 2039..... 11 1 0 0 0 9 1 0 0 0 9 1 0 0 0

March 2040..... 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 9.5 7.6 6.7 5.9 5.2 7.2 6.6 6.1 5.5 5.0 6.9 6.4 5.9 5.4 5.0

*	 The decrement tables for Class LI reflect only the Class LI Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class LI Notional Balance at the Class LI Interest Rate, Class LI is entitled to the

Class LI Deferred Interest Amount. No representation is made about the timing of distributions of the

Class LI Deferred Interest Amount other than that such amount will be paid no later than the Final

Distribution Date for Class LI.

S-72
Security Group 16
 

PPC Prepayment Assumption Rates
 

Class IL* Class IL* Class IL*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 101 98 96 94 110 103 101 99 96 110 103 101 99 97

March 2026..... 115 99 94 89 84 121 104 99 94 89 122 105 100 94 89

March 2027..... 123 96 88 80 73 133 104 95 87 79 135 105 96 88 80

March 2028..... 132 91 80 70 61 147 102 90 78 68 149 103 91 80 69

March 2029..... 141 86 72 60 50 162 99 83 69 57 165 101 85 71 58

March 2030..... 151 80 64 50 39 175 93 74 59 46 138 71 56 44 34

March 2031..... 145 66 50 38 28 29 14 11 9 6 31 15 12 9 7

March 2032..... 145 57 41 29 20 27 12 9 6 5 5 2 2 1 1

March 2033..... 73 26 18 12 8 4 1 1 1 0 4 2 1 1 0

March 2034..... 23 7 5 3 2 5 1 1 1 0 5 1 1 1 0

March 2035..... 24 6 4 2 1 2 0 0 0 0 1 0 0 0 0

March 2036..... 4 1 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2037..... 4 1 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2038..... 4 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2039..... 5 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2040..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2041..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2042..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2043..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2044..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2045..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 9.2 7.6 6.6 5.8 5.1 6.8 6.5 6.0 5.4 4.9 6.7 6.3 5.9 5.4 4.9

*	 The decrement tables for Class IL reflect only the Class IL Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class IL Notional Balance at the Class IL Interest Rate, Class IL is entitled to the

Class IL Deferred Interest Amount. No representation is made about the timing of distributions of the

Class IL Deferred Interest Amount other than that such amount will be paid no later than the Final

Distribution Date for Class IL.

S-73
Security Group 16
 

PPC Prepayment Assumption Rates
 

Class LF Class LF Class LF

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 106 100 98 96 94 110 103 101 99 96 110 103 101 99 97

March 2026..... 113 99 94 89 84 121 104 99 94 89 122 105 100 94 89

March 2027..... 120 96 88 80 73 133 104 95 87 79 134 105 96 88 80

March 2028..... 127 91 80 70 61 147 102 90 78 68 148 103 91 80 69

March 2029..... 135 86 72 60 50 162 99 83 69 57 164 101 85 71 58

March 2030..... 144 80 64 50 39 175 93 74 59 46 137 71 56 44 34

March 2031..... 137 66 50 38 28 29 14 11 9 6 30 15 12 9 7

March 2032..... 136 57 41 29 20 27 12 9 6 5 5 2 2 1 1

March 2033..... 68 26 18 12 8 4 1 1 1 0 4 2 1 1 0

March 2034..... 21 7 5 3 2 4 1 1 1 0 5 1 1 1 0

March 2035..... 22 6 4 2 1 2 0 0 0 0 1 0 0 0 0

March 2036..... 3 1 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2037..... 4 1 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2038..... 4 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2039..... 4 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2040..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2041..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2042..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2043..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2044..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2045..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 9.2 7.6 6.6 5.8 5.1 6.8 6.5 6.0 5.4 4.9 6.6 6.3 5.9 5.4 4.9

S-74
Security Groups 10, 11, 12, 13, 14, 15 and 16
 

PPC Prepayment Assumption Rates
 

Class PI* Class PI* Class PI*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 104 103 102 101 111 107 106 105 104 112 108 107 106 105

March 2026..... 115 104 101 97 94 123 112 108 104 101 125 114 110 106 103

March 2027..... 123 102 96 90 84 137 114 107 100 94 140 117 110 103 96

March 2028..... 132 99 90 81 73 152 114 103 93 84 156 118 107 96 87

March 2029..... 141 95 82 71 61 168 113 98 85 73 175 118 102 88 76

March 2030..... 151 89 74 61 49 186 110 91 75 61 187 110 92 75 62

March 2031..... 159 82 64 50 39 176 92 73 57 45 159 83 66 52 40

March 2032..... 165 73 55 40 29 126 57 43 31 23 5 2 1 1 1

March 2033..... 166 63 44 31 21 3 1 1 0 0 3 1 1 0 0

March 2034..... 166 53 35 23 14 3 1 1 0 0 2 1 0 0 0

March 2035..... 177 47 29 17 10 1 0 0 0 0 1 0 0 0 0

March 2036..... 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2037..... 3 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2038..... 3 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2039..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2040..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2041..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2042..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2043..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2044..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2045..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 11.3 9.3 8.0 7.0 6.2 7.9 7.6 7.1 6.6 6.1 7.3 7.2 6.8 6.4 5.9

*	 The decrement tables for Class PI reflect only the Class PI Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class PI Notional Balance at the Class PI Interest Rate, Class PI is entitled to

the Class PI Deferred Interest Amount. No representation is made about the timing of distributions of

the Class PI Deferred Interest Amount other than that such amount will be paid no later than the Final

Distribution Date for Class PI.

S-75
Security Groups 15 and 16
 

PPC Prepayment Assumption Rates
 

Class QI* Class QI* Class QI*
 

5.32000% 30-day Average SOFR 9.74100% 30-day Average SOFR 14.16200% 30-day Average SOFR
 

5.01000% One-Year CMT 8.84150% One-Year CMT 12.67300% One-Year CMT

Distribution Date 0% 75% 100% 125% 150% 0% 75% 100% 125% 150% 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100

March 2025..... 107 101 99 96 94 110 103 101 99 97 110 104 101 99 97

March 2026..... 115 99 94 89 85 121 105 99 94 89 122 105 100 95 90

March 2027..... 123 96 88 80 73 133 104 96 87 80 135 105 97 88 81

March 2028..... 132 92 81 71 62 147 102 90 79 69 149 104 92 80 70

March 2029..... 141 86 73 61 50 162 99 84 70 58 165 101 85 71 59

March 2030..... 151 81 64 51 40 175 93 75 59 47 130 67 53 41 32

March 2031..... 151 70 53 39 29 33 16 13 10 8 35 17 14 10 8

March 2032..... 130 52 38 27 19 33 14 11 8 6 8 3 2 2 1

March 2033..... 87 31 21 14 10 6 2 1 1 1 6 2 1 1 1

March 2034..... 28 9 6 4 2 7 2 1 1 0 7 2 1 1 0

March 2035..... 30 7 4 3 1 3 1 0 0 0 3 1 0 0 0

March 2036..... 6 1 1 0 0 3 1 0 0 0 3 1 0 0 0

March 2037..... 6 1 0 0 0 4 0 0 0 0 3 0 0 0 0

March 2038..... 7 1 0 0 0 4 0 0 0 0 4 0 0 0 0

March 2039..... 7 1 0 0 0 4 0 0 0 0 4 0 0 0 0

March 2040..... 4 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2041..... 4 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2042..... 4 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2043..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2044..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0

March 2045..... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2046..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2047..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2048..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2049..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2050..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2051..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2052..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2053..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2054..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2055 and

thereafter .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . 9.3 7.6 6.7 5.8 5.1 7.0 6.5 6.0 5.5 5.0 6.8 6.3 5.9 5.4 4.9

*	 The decrement tables for Class QI reflect only the Class QI Notional Balance at various rates of PPC

and at various levels of 30-day Average SOFR and One-Year CMT. In addition to the current interest

accrual amount on the Class QI Notional Balance at the Class QI Interest Rate, Class QI is entitled to

the Class QI Deferred Interest Amount. No representation is made about the timing of distributions of

the Class QI Deferred Interest Amount other than that such amount will be paid no later than the

Final Distribution Date for Class QI.

S-76
Yield Considerations

An investor seeking to maximize yield should make a decision whether to invest in any Regular or

MX Class based on:

•	 the anticipated yield of that Class resulting from its purchase price,

•	 the investor’s own projection of Maturity Events and deferrals of Maturity Events in respect of the

HECMs related to the Participations underlying the HECM MBS,

•	 the investor’s own projection of prepayments in respect of the HECMs related to the Participations underlying the HECM MBS,

•	 the investor’s own projection of the occurrence of any Ginnie Mae Issuer Purchase Events,

•	 the investor’s own projection of draw activity with respect to the HECMs,

•	 the investor’s own projection of 30-day Average SOFR and One-Year CMT under a variety of scenarios and

•	 in the case of the Group 3 and 4 Securities, the investors own projection of the rate of reduction

and increase in principal balance of the Underlying Certificates under a variety of scenarios.

No representation is made regarding Maturity Events or prepayments in respect of the

HECMs related to the Participations underlying the HECM MBS, the occurrence of any Ginnie

Mae Issuer Purchase Events, 30-day Average SOFR levels, One-Year CMT levels, draw activity

with respect to the HECMs, Underlying Certificate rates of reduction or increase in principal

balance or the yield on any Class.

Prepayments: Effect on Yields

The yields to investors will be sensitive in varying degrees to the rate of prepayments on the related

HECMs.

•	 In the case of Regular or MX Securities purchased at a premium (especially the Interest Only

Classes), faster than anticipated rates of principal payments could result in actual yields to investors that are lower than the anticipated yields.

•	 Investors in the Interest Only Classes should also consider the risk that rapid rates of principal

payments could result in the failure of investors to recover fully their investments.

•	 In the case of Regular or MX Securities purchased at a discount, slower than anticipated rates of

principal payments could result in actual yields to investors that are lower than the anticipated

yields.

See “Risk Factors — Rates of principal payments can reduce your yield” in this Supplement.

Rapid rates of prepayments on the HECMs are likely to coincide with periods of low prevailing interest rates.

During periods of low prevailing interest rates, the yields at which an investor may be able to reinvest amounts received as principal payments on the investor’s Class of Securities may be lower than the

yield on that Class.

Slow rates of prepayments on the HECMs are likely to coincide with periods of high prevailing interest rates.

During periods of high prevailing interest rates, the amount of principal payments available to an

investor for reinvestment at those high rates may be relatively low.

The HECMs will not prepay at any constant rate until maturity, nor will all of the HECMs underlying

any Trust Asset Group prepay at the same rate at any one time. The timing of changes in the rate of prepayments may affect the actual yield to an investor, even if the average rate of principal prepayments is

consistent with the investor’s expectation. In general, the earlier a prepayment of principal on the related

S-77
HECMs, the greater the effect on an investor’s yield. As a result, the effect on an investor’s yield of principal prepayments occurring at a rate higher (or lower) than the rate anticipated by the investor during the

period immediately following the Closing Date is not likely to be offset by a later equivalent reduction (or

increase) in the rate of principal prepayments.

One-Year CMT and 30-day Average SOFR: Effect on Yields of the Floating Rate Classes

Low levels of One-Year CMT and 30-day Average SOFR can reduce the yield of the Floating Rate

Classes. In addition, the Floating Rate Classes will not necessarily benefit from a higher yield at high levels

of One-Year CMT and 30-day Average SOFR because the rate on such Classes is capped at a maximum

rate described under “Terms Sheet — Interest Rates.” See “Risk Factors — The levels of any interest rate

indices applicable to the Trust Assets or securities will affect payments and yields on the securities” in this

Supplement.

Payment Delay: Effect on Yields of the Delay Classes

The effective yield on any Delay Class will be less than the yield otherwise produced by its Interest

Rate and purchase price because, on each Distribution Date, 30 days’ interest will be payable on (or will

accrue with respect to) that Class even though interest began to accrue approximately 50 days earlier.

Yield Tables

The following tables show the pre-tax yields to maturity on a corporate bond equivalent basis of

specified Classes at various constant percentages of PPC and at various constant levels of One-Year CMT

and 30-day Average SOFR.

The HECMs will not prepay or draw at any constant rate until maturity, and it is unlikely that

One-Year CMT or 30-day Average SOFR will remain constant. Moreover, it is likely that the HECMs will

experience actual prepayment and draw rates that differ from those of the Modeling Assumptions.

Therefore, the actual pre-tax yield of any Class may differ from those shown in the applicable

table below for that Class even if the Class is purchased at the assumed price shown.

The yields were calculated by

1.	 determining the monthly discount rates that, when applied to the applicable assumed streams of

cash flows to be paid on the applicable Class, would cause the discounted present value of the

assumed streams of cash flows to equal the assumed purchase price of that Class plus accrued

interest, and

2.	 converting the monthly rates to corporate bond equivalent rates.

These calculations do not take into account variations that may occur in the interest rates at which

investors may be able to reinvest funds received by them as distributions on their Securities and consequently do not purport to reflect the return on any investment in any Class when those reinvestment rates

are considered.

The information set forth in the following tables was prepared on the basis of the Modeling Assumptions and the assumptions that (1) the Interest Rate applicable to each Floating Rate Class and the Group 3

and 4 Trust Assets for each Accrual Period following the first Accrual Period will be based on the indicated level of 30-day Average SOFR, (2) the HECM MBS Rates applicable to the Group 1, 2 and 5 through

16 Trust Assets for each Accrual Period following the applicable Approximate Weighted Average Next Rate

Reset Month shown in Exhibit A will be based on the indicated level of One-Year CMT, (3) the HECM MBS

Rates applicable to the HECMs underlying the Group 3 and 4 Trust Assets for each Accrual Period following the applicable Approximate Weighted Average Next Rate Reset Month shown in Exhibit E will be

based on the indicated level of One-Year CMT and (4) the purchase price of each Class (expressed as

a percentage of its original Class Notional Balance) plus accrued interest is as indicated in the related

table. The assumed purchase price is not necessarily that at which actual sales will occur.

S-78
SECURITY GROUP 1
 

Sensitivity of Class AI to Prepayments
 

Assumed Price 5.50000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... (7.4)% (11.3)% (15.3)% (19.4)%
 

Sensitivity of Class AI to Prepayments
 

Assumed Price 5.50000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (60.9)% (66.0)% (68.5)% (68.9)%
 

Sensitivity of Class AI to Prepayments
 

Assumed Price 5.50000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (70.1)% (70.1)% (70.1)% (72.0)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-79
SECURITY GROUP 2
 

Sensitivity of Class IA to Prepayments
 

Assumed Price 5.75000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... (7.0)% (11.0)% (15.1)% (19.2)%
 

Sensitivity of Class IA to Prepayments
 

Assumed Price 5.75000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (67.5)% (67.5)% (67.5)% (67.5)%
 

Sensitivity of Class IA to Prepayments
 

Assumed Price 5.75000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (67.5)% (67.5)% (67.5)% (67.5)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-80
SECURITY GROUP 3
 

Sensitivity of Class BI to Prepayments
 

Assumed Price 1.75000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... 12.9% 8.4% 3.8% (0.8)%
 

Sensitivity of Class BI to Prepayments
 

Assumed Price 1.75000%*
 

7.56000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

8.58750% .................... **   **  
 

Sensitivity of Class BI to Prepayments
 

Assumed Price 1.75000%*
 

10.11000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

11.85500% ................... **   **  
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

**	 Indicates that investors will suffer a loss of virtually all of their investment.

S-81
SECURITY GROUP 4
 

Sensitivity of Class IB to Prepayments
 

Assumed Price 2.00000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... 8.2% 3.8% (0.7)% (5.3)%
 

Sensitivity of Class IB to Prepayments
 

Assumed Price 2.00000%*
 

7.56000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

8.58750% .................... **   **  
 

Sensitivity of Class IB to Prepayments
 

Assumed Price 2.00000%*
 

10.11000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

11.85500% ................... **   **  
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

**	 Indicates that investors will suffer a loss of virtually all of their investment.

S-82
SECURITY GROUPS 3 AND 4
 

Sensitivity of Class CI to Prepayments
 

Assumed Price 2.00000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... 8.1% 3.7% (0.8)% (5.4)%
 

Sensitivity of Class CI to Prepayments
 

Assumed Price 2.00000%*
 

7.56000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

8.58750% .................... **   **  
 

Sensitivity of Class CI to Prepayments
 

Assumed Price 2.00000%*
 

10.11000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

11.85500% ................... **   **  
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

**	 Indicates that investors will suffer a loss of virtually all of their investment.

S-83
SECURITY GROUP 5
 

Sensitivity of Class IC to Prepayments
 

Assumed Price 5.50000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... (0.5)% (4.4)% (8.3)% (12.3)%
 

Sensitivity of Class IC to Prepayments
 

Assumed Price 5.50000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (79.1)% ** ** **
 

Sensitivity of Class IC to Prepayments
 

Assumed Price 5.50000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (80.0)% ** ** **
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

**	 Indicates that investors will suffer a loss of virtually all of their investment.

S-84
SECURITY GROUPS 1, 2 AND 5
 

Sensitivity of Class IO to Prepayments
 

Assumed Price 5.50000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... (5.7)% (9.6)% (13.6)% (17.7)%
 

Sensitivity of Class IO to Prepayments
 

Assumed Price 5.50000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (62.3)% (66.9)% (68.8)% (69.1)%
 

Sensitivity of Class IO to Prepayments
 

Assumed Price 5.50000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (69.6)% (69.8)% (69.8)% (70.5)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-85
SECURITY GROUP 6
 

Sensitivity of Class DI to Prepayments
 

Assumed Price 8.50000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... 1.5% (1.8)% (5.2)% (8.6)%
 

Sensitivity of Class DI to Prepayments
 

Assumed Price 8.50000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (16.9)% (21.0)% (24.6)% (27.9)%
 

Sensitivity of Class DI to Prepayments
 

Assumed Price 8.50000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (54.0)% (56.4)% (58.9)% (61.5)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-86
SECURITY GROUP 7
 

Sensitivity of Class ID to Prepayments
 

Assumed Price 4.75000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... (8.8)% (12.6)% (16.5)% (20.5)%
 

Sensitivity of Class ID to Prepayments
 

Assumed Price 4.75000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... **   **  
 

Sensitivity of Class ID to Prepayments
 

Assumed Price 4.75000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... **   **  
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

**	 Indicates that investors will suffer a loss of virtually all of their investment.

S-87
SECURITY GROUP 8
 

Sensitivity of Class EI to Prepayments
 

Assumed Price 5.25000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... (15.2)% (19.0)% (22.6)% (26.3)%
 

Sensitivity of Class EI to Prepayments
 

Assumed Price 5.25000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... **   **  
 

Sensitivity of Class EI to Prepayments
 

Assumed Price 5.25000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... **   **  
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

**	 Indicates that investors will suffer a loss of virtually all of their investment.

S-88
SECURITY GROUPS 6 AND 8
 

Sensitivity of Class IM to Prepayments
 

Assumed Price 7.50000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... (0.2)% (3.6)% (7.0)% (10.5)%
 

Sensitivity of Class IM to Prepayments
 

Assumed Price 7.50000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (19.4)% (23.6)% (27.2)% (30.5)%
 

Sensitivity of Class IM to Prepayments
 

Assumed Price 7.50000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (55.6)% (58.1)% (60.5)% (63.1)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-89
SECURITY GROUP 9
 

Sensitivity of Class IE to Prepayments
 

Assumed Price 3.00000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... (25.0)% (30.5)% (35.8)% (41.0)%
 

Sensitivity of Class IE to Prepayments
 

Assumed Price 3.00000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (64.9)% (64.9)% (64.9)% (64.9)%
 

Sensitivity of Class IE to Prepayments
 

Assumed Price 3.00000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (64.9)% (64.9)% (64.9)% (64.9)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-90
SECURITY GROUPS 6, 7, 8 AND 9
 

Sensitivity of Class IN to Prepayments
 

Assumed Price 5.75000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... (2.8)% (6.3)% (9.9)% (13.6)%
 

Sensitivity of Class IN to Prepayments
 

Assumed Price 5.75000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (25.5)% (29.9)% (33.5)% (36.9)%
 

Sensitivity of Class IN to Prepayments
 

Assumed Price 5.75000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (59.6)% (61.9)% (64.1)% (66.1)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-91
SECURITY GROUPS 7 AND 9
 

Sensitivity of Class NI to Prepayments
 

Assumed Price 4.25000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... (12.6)% (16.5)% (20.4)% (24.4)%
 

Sensitivity of Class NI to Prepayments
 

Assumed Price 4.25000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (70.4)% (70.4)% (70.4)% (70.4)%
 

Sensitivity of Class NI to Prepayments
 

Assumed Price 4.25000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (70.4)% (70.4)% (70.4)% (70.4)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-92
SECURITY GROUP 10
 

Sensitivity of Class GI to Prepayments
 

Assumed Price 4.50000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... 3.8% 0.8% (2.4)% (5.5)%
 

Sensitivity of Class GI to Prepayments
 

Assumed Price 4.50000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (56.2)% (58.3)% (60.4)% (62.6)%
 

Sensitivity of Class GI to Prepayments
 

Assumed Price 4.50000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (59.3)% (61.2)% (63.3)% (65.4)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-93
SECURITY GROUP 11
 

Sensitivity of Class IG to Prepayments
 

Assumed Price 4.50000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... 3.3% 0.4% (2.6)% (5.6)%
 

Sensitivity of Class IG to Prepayments
 

Assumed Price 4.50000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (55.6)% (57.4)% (59.3)% (61.2)%
 

Sensitivity of Class IG to Prepayments
 

Assumed Price 4.50000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (58.7)% (60.4)% (62.2)% (64.0)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-94
SECURITY GROUP 12
 

Sensitivity of Class HI to Prepayments
 

Assumed Price 4.75000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... 4.3% 1.3% (1.7)% (4.8)%
 

Sensitivity of Class HI to Prepayments
 

Assumed Price 4.75000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (52.3)% (54.2)% (56.2)% (58.2)%
 

Sensitivity of Class HI to Prepayments
 

Assumed Price 4.75000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (55.0)% (56.8)% (58.7)% (60.6)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-95
SECURITY GROUP 13
 

Sensitivity of Class IH to Prepayments
 

Assumed Price 4.50000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... 2.6% (0.5)% (3.6)% (6.8)%
 

Sensitivity of Class IH to Prepayments
 

Assumed Price 4.50000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (47.4)% (49.9)% (52.5)% (55.0)%
 

Sensitivity of Class IH to Prepayments
 

Assumed Price 4.50000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (54.6)% (56.5)% (58.4)% (60.4)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-96
SECURITY GROUP 14
 

Sensitivity of Class IK to Prepayments
 

Assumed Price 4.50000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... 2.2% (0.9)% (4.1)% (7.3)%
 

Sensitivity of Class IK to Prepayments
 

Assumed Price 4.50000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (48.8)% (52.2)% (55.0)% (57.5)%
 

Sensitivity of Class IK to Prepayments
 

Assumed Price 4.50000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (54.2)% (56.4)% (58.5)% (60.6)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-97
SECURITY GROUPS 10, 11, 12, 13 AND 14
 

Sensitivity of Class IP to Prepayments
 

Assumed Price 4.50000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... 3.6% 0.7% (2.4)% (5.5)%
 

Sensitivity of Class IP to Prepayments
 

Assumed Price 4.50000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (51.1)% (53.6)% (56.0)% (58.3)%
 

Sensitivity of Class IP to Prepayments
 

Assumed Price 4.50000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (55.8)% (57.7)% (59.7)% (61.7)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-98
SECURITY GROUP 15
 

Sensitivity of Class LI to Prepayments
 

Assumed Price 5.00000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... (3.8)% (7.5)% (11.0)% (14.6)%
 

Sensitivity of Class LI to Prepayments
 

Assumed Price 5.00000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (38.4)% (41.0)% (43.2)% (45.4)%
 

Sensitivity of Class LI to Prepayments
 

Assumed Price 5.00000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (22.2)% (23.9)% (25.3)% (26.7)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-99
SECURITY GROUP 16
 

Sensitivity of Class IL to Prepayments
 

Assumed Price 6.00000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... 2.3% (1.4)% (5.0)% (8.6)%
 

Sensitivity of Class IL to Prepayments
 

Assumed Price 6.00000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (41.7)% (44.9)% (47.4)% (50.3)%
 

Sensitivity of Class IL to Prepayments
 

Assumed Price 6.00000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (29.7)% (32.0)% (33.6)% (35.3)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-100
SECURITY GROUPS 10, 11, 12, 13, 14, 15 AND 16
 

Sensitivity of Class PI to Prepayments
 

Assumed Price 4.75000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... 2.9% (0.2)% (3.4)% (6.6)%
 

Sensitivity of Class PI to Prepayments
 

Assumed Price 4.75000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (47.8)% (50.4)% (52.6)% (55.1)%
 

Sensitivity of Class PI to Prepayments
 

Assumed Price 4.75000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (43.4)% (45.8)% (47.7)% (49.6)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-101
SECURITY GROUPS 15 AND 16
 

Sensitivity of Class QI to Prepayments
 

Assumed Price 5.75000%*
 

5.01000% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

5.32000% .................... (0.3)% (3.9)% (7.5)% (11.1)%
 

Sensitivity of Class QI to Prepayments
 

Assumed Price 5.75000%*
 

8.84150% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

9.74100% .................... (40.7)% (43.7)% (46.0)% (48.6)%
 

Sensitivity of Class QI to Prepayments
 

Assumed Price 5.75000%*
 

12.67300% One-Year CMT
 

PPC Prepayment Assumption Rates

30-day Average SOFR	 75% 100% 125% 150%

14.16200% ................... (27.1)% (29.2)% (30.7)% (32.3)%
 

*	 The price does not include accrued interest. Accrued interest has been added to the price in

calculating the yields set forth in the table above.

S-102
CERTAIN UNITED STATES FEDERAL INCOME TAX CONSEQUENCES

The following tax discussion, when read in conjunction with the discussion of “Certain United States

Federal Income Tax Consequences” in the Base Offering Circular, describes the material United States

federal income tax considerations for investors in the Securities. However, these two tax discussions do

not purport to deal with all United States federal tax consequences applicable to all categories of investors,

some of which may be subject to special rules.

REMIC Elections

In the opinion of Cleary Gottlieb Steen & Hamilton LLP, the Trust will constitute a Double REMIC

Series as to the Group 1 Trust Assets, a Double REMIC Series as to the Group 2 Trust Assets, a Double

REMIC Series as to the Group 3 Trust Assets, a Double REMIC Series as to the Group 4 Trust Asset, a

Double REMIC Series as to the Group 5 Trust Assets and a Double REMIC Series as to the Group 6

through 16 Trust Assets, each for United States federal income tax purposes. Separate REMIC elections will

be made for the Group 1 Issuing REMIC, the Group 1 Pooling REMIC, the Group 2 Issuing REMIC, the

Group 2 Pooling REMIC, the Group 3 Issuing REMIC, the Group 3 Pooling REMIC, the Group 4 Issuing

REMIC, the Group 4 Pooling REMIC, the Group 5 Issuing REMIC, the Group 5 Pooling REMIC, the Group 6

through 16 Issuing REMIC and the Group 6 through 16 Pooling REMIC.

Regular Securities

The Regular Securities will be treated as debt instruments issued by the Group 1 Issuing REMIC, the

Group 2 Issuing REMIC, the Group 3 Issuing REMIC, the Group 4 Issuing REMIC, the Group 5 Issuing

REMIC or the Group 6 through 16 Issuing REMIC, as applicable, for United States federal income tax purposes. Income on the Regular Securities must be reported under an accrual method of accounting.

The Notional and HECM MBS Accrual Classes of Regular Securities will be issued with original issue

discount (“OID”). See “Certain United States Federal Income Tax Consequences — Tax Treatment of

Regular Securities — Original Issue Discount,” “— Variable Rate Securities” and “— Interest Weighted

Securities and Non-VRDI Securities” in the Base Offering Circular.

The prepayment assumption that should be used, among other things, in determining the rates of

accrual of OID on the Regular Securities is 100% PPC (as described in “Yield, Maturity and Prepayment

Considerations” in this Supplement). In the case of the Floating Rate Classes, the interest rate values to be

used for these determinations are the initial Interest Rates as set forth in the Terms Sheet under “Interest

Rates.” No representation is made, however, about the rate at which prepayments on the HECMs

underlying any Group of Participations actually will occur or the level of 30-day Average SOFR or

One-Year CMT at any time after the date of this Supplement. See “Certain United States Federal Income

Tax Consequences” in the Base Offering Circular. In view of the complexities as to the manner of inclusion in income of OID on the Regular Securities, investors should consult their own tax advisors to

determine the appropriate amount and method of inclusion in income of OID on the Regular Securities for

United States federal income tax purposes.

The Regular Securities generally will be treated as “regular interests” in a REMIC for domestic building

and loan associations and “real estate assets” for real estate investment trusts (“REITs”) as described in

“Certain United States Federal Income Tax Consequences” in the Base Offering Circular. Similarly, interest

on the Regular Securities will be considered “interest on obligations secured by mortgages on real

property” for REITs as described in “Certain United States Federal Income Tax Consequences” in the Base

Offering Circular.

S-103
Residual Securities

Each Class of Residual Securities will represent the beneficial ownership of the Residual Interest in the

related Trust REMICs, as shown below:

Residual Securities Trust REMIC

Class RR Securities Group 6 through 16 Pooling REMIC and Group 6 through 16 Issuing REMIC

Class RR1 Securities Group 1 Pooling REMIC and Group 1 Issuing REMIC

Class RR2 Securities Group 2 Pooling REMIC and Group 2 Issuing REMIC

Class RR3 Securities Group 3 Pooling REMIC and Group 3 Issuing REMIC

Class RR4 Securities Group 4 Pooling REMIC and Group 4 Issuing REMIC

Class RR5 Securities Group 5 Pooling REMIC and Group 5 Issuing REMIC

The Residual Securities generally will be treated as “residual interests” in a REMIC for domestic building and loan associations and as “real estate assets” for REITs, as described in “Certain United States

Federal Income Tax Consequences” in the Base Offering Circular, but will not be treated as debt for

United States federal income tax purposes. Instead, the Holders of the Residual Securities will be required

to report, and will be taxed on, their pro rata shares of the taxable income or loss of the related Trust

REMICs, and these requirements will continue until there are no outstanding regular interests in the

respective Trust REMICs. Thus, Residual Holders will have taxable income attributable to the Residual

Securities even though they will not receive principal or interest distributions with respect to the Residual

Securities, which could result in a negative after-tax return for the Residual Holders. Even though the

Holders of the Residual Securities are not entitled to any stated principal or interest payments on the

Residual Securities, the related Trust REMICs may have substantial taxable income in certain periods, and

offsetting tax losses may not occur until much later periods. Accordingly, the Holders of the Residual Securities may experience substantial adverse tax timing consequences. Prospective investors are urged to

consult their own tax advisors and consider the after-tax effect of ownership of the Residual Securities and

the suitability of the Residual Securities to their investment objectives.

Prospective Holders of Residual Securities should be aware that, at issuance, based on the expected

prices of the Regular and Residual Securities and the prepayment assumption described above, the

residual interests represented by the Residual Securities will be treated as “noneconomic residual interests”

as that term is defined in Treasury regulations.

OID accruals on the Underlying Certificates will be computed using the same prepayment assumptions as set forth under “Certain United States Federal Income Tax Consequences — Regular Securities” in

this Supplement.

MX Securities

For a discussion of certain United States federal income tax consequences applicable to the MX

Classes, see “Certain United States Federal Income Tax Consequences — Tax Treatment of MX Securities,”

“— Exchanges of MX Classes and Regular Classes” and “— Taxation of Foreign Holders of REMIC

Securities and MX Securities” in the Base Offering Circular.

Investors should consult their own tax advisors in determining the United States federal,

state, local, foreign and any other tax consequences to them of the purchase, ownership and

disposition of the Securities.

S-104
ERISA MATTERS

Ginnie Mae guarantees distributions of principal and interest with respect to the Securities. The

Ginnie Mae Guaranty is supported by the full faith and credit of the United States of America. The Regular and MX Securities will qualify as “guaranteed governmental mortgage pool certificates” within the

meaning of a Department of Labor regulation, the effect of which is to provide that mortgage loans and

participations therein underlying a “guaranteed governmental mortgage pool certificate” will not be considered assets of an employee benefit plan subject to the Employee Retirement Income Security Act of

1974, as amended (“ERISA”), or subject to Section 4975 of the Code (each, a “Plan”), solely by reason of

the Plan’s purchase and holding of that certificate.

Prospective Plan Investors should consult with their advisors to determine whether the

purchase, holding or resale of a Security could give rise to a transaction that is prohibited or is

not otherwise permissible under either ERISA or the Code.

Governmental plans and certain church plans, while not subject to the fiduciary responsibility provisions of ERISA or the prohibited transaction provisions of ERISA and the Code, may nevertheless be

subject to local, state or other federal laws that are substantially similar to the foregoing provisions of

ERISA and the Code (“Similar Law”).

Fiduciaries of any such Plans or governmental or church plans subject to Similar Law should consult

with their counsel before purchasing any of the Securities.

See “ERISA Considerations” in the Base Offering Circular.

The Residual Securities are not offered to, and may not be transferred to, a Plan Investor.

S-105
LEGAL INVESTMENT CONSIDERATIONS

Institutions whose investment activities are subject to legal investment laws and regulations or to

review by certain regulatory authorities may be subject to restrictions on investment in the Securities. No

representation is made about the proper characterization of any Class for legal investment or

other purposes, or about the permissibility of the purchase by particular investors of any Class

under applicable legal investment restrictions.

Investors should consult their own legal advisors regarding applicable investment

restrictions and the effect of any restrictions on the liquidity of the Securities prior to investing

in the Securities.

See “Legal Investment Considerations” in the Base Offering Circular.

PLAN OF DISTRIBUTION

Subject to the terms and conditions of the Sponsor Agreement, the Sponsor has agreed to purchase all

of the Securities if any are sold and purchased. The Sponsor proposes to offer the Regular and MX Classes

to the public from time to time for sale in negotiated transactions at varying prices to be determined at the

time of sale, plus accrued interest from (1) March 1, 2024 on the Delay Classes and (2) March 20, 2024 on

the Floating Rate Classes. The Sponsor may effect these transactions by sales to or through certain securities dealers. These dealers may receive compensation in the form of discounts, concessions or

commissions from the Sponsor and/or commissions from any purchasers for which they act as agents.

Some of the Securities may be sold through dealers in relatively small sales. In the usual case, the

commission charged on a relatively small sale of securities will be a higher percentage of the sales price

than that charged on a large sale of securities.

INCREASE IN SIZE

Before the Closing Date, Ginnie Mae, the Trustee and the Sponsor may agree to increase the size of

this offering. In that event, the Securities will have the same characteristics as described in this

Supplement, except that the Original Class Principal Balance (or original Class Notional Balance) of each

Class receiving principal distributions or interest distributions based upon a notional balance from the

same Trust Asset Group will increase by the same proportion. The Trust Agreement, the Final Data

Statement and the Supplemental Statement, if any, will reflect any increase in the size of the transaction.

LEGAL MATTERS

Certain legal matters will be passed upon for Ginnie Mae by Hunton Andrews Kurth LLP, for the Trust

by Cleary Gottlieb Steen & Hamilton LLP and Marcell Solomon & Associates, P.C., and for the Trustee by

Faegre Drinker Biddle & Reath LLP.

S-106
S-I-1

Schedule I

Available Combinations(1)

REMIC Securities MX Securities

Original Class Maximum Original

Principal Class Principal

Balance or Balance or Class Final

Class Notional Related Notional Principal Interest CUSIP Distribution

Class Balance MX Class Balance(2) Type(3) Rate Interest Type(3) Number Date(4)

Security Groups 2 and 3

Combination 1(6)AF $28,842,243 F $ 46,249,959 SC/HPT (5) FLT/HWAC/HZ 38383KTS1 February 2074

FB 17,407,716Security Groups 3 and 4

Combination 2(6)BI $17,407,716 CI $ 23,158,643 NTL(SC/HPT) (5) HWAC/IO/DLY 38383KTT9 June 2071

IB 5,750,927Security Groups 1, 2 and 5

Combination 3(6)AI $83,000,000 IO $136,122,124 NTL(HPT) (5) HWAC/IO/DLY 38383KTU6 March 2074

IA 28,842,243IC 24,279,881Security Groups 4 and 5

Combination 4(6)BF $ 5,750,927 FC $ 30,030,808 SC/HPT (5) FLT/HWAC/HZ 38383KTV4 March 2074

CF 24,279,881Security Groups 6 and 7

Combination 5(6)DF $22,220,234 FM $ 44,986,712 HPT (5) FLT/HWAC/HZ 38383KTW2 February 2074

FD 22,766,478Security Groups 6 and 8

Combination 6(6)DI $22,766,478 IM $ 30,580,767 NTL(HPT) (5) HWAC/IO/DLY 38383KTX0 February 2074

EI 7,814,289
REMIC Securities MX Securities

S-I-2

Original Class Maximum Original

Principal Class Principal

Balance or Balance or Class Final

Class Notional Related Notional Principal Interest CUSIP Distribution

Class Balance MX Class Balance(2) Type(3) Rate Interest Type(3) Number Date(4)

Security Groups 6, 7, 8 and 9

Combination 7(6)DI $22,766,478 IN $62,457,148 NTL(HPT) (5) HWAC/IO/DLY 38383KTY8 February 2074

EI 7,814,289ID 22,220,234IE 9,656,147Security Groups 7 and 9

Combination 8(6)ID $22,220,234 NI $31,876,381 NTL(HPT) (5) HWAC/IO/DLY 38383KTZ5 November 2073

IE 9,656,147Security Groups 8 and 9

Combination 9(6)EF $ 9,656,147 MF $17,470,436 HPT (5) FLT/HWAC/HZ 38383KUA8 February 2074

FE 7,814,289Security Groups 10, 11, 12, 13

and 14

Combination 10(6)GI $19,744,873 IP $93,719,813 NTL(HPT) (5) HWAC/IO/DLY 38383KUB6 March 2074HI 25,771,028IG 14,976,528IH 15,979,678IK 17,247,706
REMIC Securities MX Securities

S-I-3

Original Class Maximum Original

Principal Class Principal

Balance or Balance or Class Final

Class Notional Related Notional Principal Interest CUSIP Distribution

Class Balance MX Class Balance(2) Type(3) Rate Interest Type(3) Number Date(4)

Security Groups 10, 11, 12, 13, 14,

15 and 16

Combination 11(6)GI $19,744,873 PI $114,734,458 NTL(HPT) (5) HWAC/IO/DLY 38383KUC4 March 2074

HI 25,771,028IG 14,976,528IH 15,979,678IK 17,247,706IL 13,000,000LI 8,014,645Security Groups 15 and 16

Combination 12(6)IL $13,000,000 QI $ 21,014,645 NTL(HPT) (5) HWAC/IO/DLY 38383KUD2 February 2074

LI 8,014,645(1) All exchanges must comply with minimum denomination restrictions.

(2) The amount shown for each MX Class represents the maximum Original Class Principal Balance or original Class Notional Balance of that Class, assuming it were to be issued on the Closing Date.(3) As defined under “Class Types” in Appendix I to the Base Offering Circular.

(4) See “Yield, Maturity and Prepayment Considerations — Final Distribution Date” in this Supplement.

(5) The Interest Rate will be calculated as described under “Terms Sheet — Interest Rates” in this Supplement.

(6) Derived from REMIC Classes relating to separate Groups.
Exhibit A

Assumed Characteristics of the HECMs and the Participations Underlying the Group 1, 2 and 5 through 16 Trust Assets(1)

ApproxiApproxi- mate ApproxiApproxi- Approxi- mate Weighted Approxi- mate

Approxi- mate mate Approxi- Weighted Average Approxi- mate Weighted

mate Weighted Weighted mate Average Gross mate Weighted Average

Weighted Average Average Weighted Gross Lifetime Weighted Average Initial Subsequent Remaining Initial HECM

HECM MBS Average HECM Next Rate Gross Average Lifetime Interest Average Servicing Monthly Monthly Monthly Draw Available Available Maximum MBS

Percentage of Principal HECM Loan HECM Age Interest Rate Reset Reset Interest Gross Interest Rate MIP Fee Servicing Scheduled Scheduled Term (in Line of Line of Claim Pool Issue

Group Payment Plan Pool in Trust Balance(2) Balance (in months)(3) Type Index Frequency(4) Month(5) Rate(6) Margin(7) Rate Floor(8) Cap(9) Fee(10) Margin(11) Fee(12) Draw(13) Draw(14) months)(15) Credit(16) Credit(17) Amount(18) Number Date

1 Line of Credit 24.0352226543% $ 32,565,832.17 $ 40,653,792.19 31 FLT 1-year CMT Monthly 1 6.995% 2.189% 2.189% 7.260% 0.500% 0.360% (21) (19) (19) (19) (22) $ 8,187,903.42 $ 75,785,975.00 CE5518 September 2021

1 Modified Term 24.0352226543% 840,775.73 840,775.73 31 FLT 1-year CMT Monthly 1 6.851% 2.044% 2.044% 7.114% 0.500% 0.360% (21) $ 4,492.81 $ 6,399.47 22 (22) 22,623.28 1,847,375.00 CE5518 September 2021

1 Line of Credit 12.0176131190% 35,155,375.37 42,351,856.21 31 FLT 1-year CMT Monthly 1 6.971% 2.160% 2.160% 7.231% 0.500% 0.360% (21) (19) (19) (19) (22) 8,986,570.72 78,140,170.00 CE5519 September 2021

1 Modified Tenure 12.0176131190% 146,456.10 146,456.10 32 FLT 1-year CMT Monthly 1 6.719% 1.875% 1.875% 6.955% 0.500% 0.360% (21) 684.59 684.59 (20) (22) 14,987.30 412,000.00 CE5519 September 2021

1 Line of Credit 12.0176119817% 33,911,679.96 40,942,556.77 31 FLT 1-year CMT Monthly 1 7.018% 2.229% 2.229% 7.308% 0.500% 0.360% (21) (19) (19) (19) (22) 7,742,420.75 76,231,842.00 CE5520 September 2021

1 Modified Term 12.0176119817% 565,649.33 565,649.33 31 FLT 1-year CMT Monthly 1 7.117% 2.348% 2.348% 7.426% 0.500% 0.360% (21) 10,526.45 13,572.19 72 (22) 64,328.69 2,323,375.00 CE5520 September 2021

1 Modified Tenure 12.0176119817% 268,621.04 331,603.64 31 FLT 1-year CMT Monthly 1 6.631% 1.840% 1.840% 6.920% 0.500% 0.360% (21) 1,397.67 1,480.68 (20) (22) 464,157.29 1,168,000.00 CE5520 September 2021

1 Line of Credit 33.8241769609% 26,646,699.94 30,634,581.08 27 FLT 1-year CMT Monthly 1 6.723% 1.926% 1.926% 7.146% 0.500% 0.360% (21) (19) (19) (19) (22) 4,837,073.17 53,982,825.00 CJ7153 January 2022

1 Modified Term 33.8241769609% 400,653.03 400,653.03 27 FLT 1-year CMT Monthly 1 7.100% 2.306% 2.306% 7.558% 0.500% 0.360% (21) 3,300.00 3,300.00 96 (22) 96,571.67 1,162,000.00 CJ7153 January 2022

1 Modified Tenure 33.8241769609% 726,463.17 813,899.70 27 FLT 1-year CMT Monthly 1 6.731% 1.936% 1.936% 7.117% 0.500% 0.360% (21) 1,800.00 1,800.00 (20) (22) 258,099.65 1,844,000.00 CJ7153 January 2022

1 Line of Credit 62.7776508244% 28,169,221.24 30,856,934.61 24 FLT 1-year CMT Monthly 1 6.836% 2.042% 2.042% 8.202% 0.500% 0.360% (21) (19) (19) (19) (22) 5,300,279.75 57,800,458.00 CM6376 April 2022

1 Line of Credit 100% 267,630.63 92,713,558.08 31 FLT 1-year CMT Annually 6 6.527% 2.396% 2.396% 7.581% 0.500% 0.360% (21) (19) (19) (19) (22) 25,926,437.36 190,270,799.00 CW9909 December 2023

1 Modified Term 100% 79,222.91 79,222.91 26 FLT 1-year CMT Annually 5 6.892% 2.619% 2.619% 8.946% 0.500% 0.360% (21) 48,900.44 58,406.20 86 (22) 1,407,912.29 14,185,625.00 CW9909 December 2023

1 Tenure 100% 2,895.87 301,097.40 23 FLT 1-year CMT Annually 3 5.990% 2.436% 2.436% 8.636% 0.500% 0.360% (21) 2,544.05 2,544.05 (20) $ 0.00 0.00 1,245,000.00 CW9909 December 2023

1 Term 100% 1,774.45 427,780.12 36 FLT 1-year CMT Annually 6 6.586% 2.640% 2.640% 7.718% 0.500% 0.360% (21) 1,388.07 1,388.07 98 0.00 0.00 865,000.00 CW9909 December 2023

1 Modified Tenure 100% 8,261.35 604,187.88 31 FLT 1-year CMT Annually 4 6.004% 2.313% 2.313% 7.461% 0.500% 0.360% (21) 5,950.00 5,950.00 (20) (22) 575,227.46 2,568,500.00 CW9909 December 2023

1 Line of Credit 100% 1,613,300.48 256,421,390.55 16 FLT 1-year CMT Monthly 1 7.030% 2.268% 2.268% 11.427% 0.500% 0.360% (21) (19) (19) (19) (22) 66,452,508.16 640,287,275.00 CX5639 December 2023

1 Modified Term 100% 84,784.93 84,784.93 15 FLT 1-year CMT Monthly 1 6.957% 2.202% 2.202% 11.240% 0.500% 0.360% (21) 61,653.50 63,983.98 32 (22) 3,058,924.77 16,192,600.00 CX5639 December 2023

1 Tenure 100% 22,081.41 2,329,884.02 14 FLT 1-year CMT Monthly 1 7.136% 2.370% 2.370% 11.522% 0.500% 0.360% (21) 18,773.21 18,773.21 (20) 0.00 0.00 8,005,900.00 CX5639 December 2023

1 Term 100% 16,717.60 1,909,487.04 13 FLT 1-year CMT Monthly 1 7.062% 2.298% 2.298% 11.423% 0.500% 0.360% (21) 15,035.16 15,035.16 57 0.00 0.00 4,781,300.00 CX5639 December 20231 Modified Tenure 100% 24,255.95 1,778,393.84 18 FLT 1-year CMT Monthly 1 7.019% 2.255% 2.255% 10.609% 0.500% 0.360% (21) 22,550.28 22,550.28 (20) (22) 1,458,383.44 7,571,100.00 CX5639 December 20231 Line of Credit 100% 903,053.53 263,202,951.21 15 FLT 1-year CMT Monthly 1 7.039% 2.280% 2.280% 11.549% 0.500% 0.360% (21) (19) (19) (19) (22) 68,817,669.62 662,035,175.00 CX5641 January 2024

1 Modified Term 100% 68,827.80 68,827.80 13 FLT 1-year CMT Monthly 1 6.947% 2.180% 2.180% 11.496% 0.500% 0.360% (21) 62,753.50 65,083.98 42 (22) 3,129,827.25 16,850,600.00 CX5641 January 2024

1 Tenure 100% 23,844.67 2,329,884.02 14 FLT 1-year CMT Monthly 1 7.171% 2.410% 2.410% 11.610% 0.500% 0.360% (21) 18,773.21 18,773.21 (20) 0.00 0.00 8,005,900.00 CX5641 January 2024

1 Term 100% 16,638.23 1,909,487.04 13 FLT 1-year CMT Monthly 1 7.057% 2.298% 2.298% 11.422% 0.500% 0.360% (21) 15,035.16 15,035.16 57 0.00 0.00 4,781,300.00 CX5641 January 2024

1 Modified Tenure 100% 24,578.00 1,836,343.32 18 FLT 1-year CMT Monthly 1 7.015% 2.255% 2.255% 10.645% 0.500% 0.360% (21) 22,950.77 22,950.77 (20) (22) 1,488,992.52 7,851,100.00 CX5641 January 2024

1 Line of Credit 100% 5,743,447.11 133,016,476.24 16 FLT 1-year CMT Monthly 1 7.059% 2.293% 2.293% 11.301% 0.500% 0.360% (21) (19) (19) (19) (22) 47,362,842.86 361,532,795.00 CY1815 December 2023

1 Modified Term 100% 56,533.50 56,533.50 14 FLT 1-year CMT Monthly 1 7.455% 2.691% 2.691% 11.560% 0.500% 0.360% (21) 25,860.97 27,325.11 14 (22) 1,072,228.92 5,626,000.00 CY1815 December 2023

1 Term 100% 1,456.94 45,980.76 7 FLT 1-year CMT Monthly 1 7.262% 2.500% 2.500% 12.880% 0.500% 0.360% (21) 254.73 254.73 137 0.00 0.00 262,000.00 CY1815 December 2023

1 Modified Tenure 100% 67,081.57 1,666,926.24 9 FLT 1-year CMT Monthly 1 7.114% 2.349% 2.349% 12.338% 0.500% 0.360% (21) 12,785.42 12,990.00 (20) 589,378.18 1,426,345.89 6,346,300.00 CY1815 December 20231 Line of Credit 100% 5,800,877.20 296,938,606.53 19 FLT 1-year CMT Monthly 1 7.079% 2.309% 2.309% 10.318% 0.500% 0.360% (21) (19) (19) (19) (22) 92,136,408.92 703,932,286.00 CY5072 January 20241 Modified Term 100% 52,419.70 52,419.70 23 FLT 1-year CMT Monthly 1 6.900% 2.133% 2.133% 8.817% 0.500% 0.360% (21) 41,318.95 48,749.70 64 (22) 720,180.97 12,731,050.00 CY5072 January 20241 Tenure 100% 1,120.27 458,251.35 23 FLT 1-year CMT Monthly 1 6.143% 1.375% 1.375% 8.185% 0.500% 0.360% (21) 787.91 787.91 (20) 0.00 0.00 730,000.00 CY5072 January 20241 Modified Tenure 100% 50,906.87 1,339,126.24 15 FLT 1-year CMT Monthly 1 7.282% 2.511% 2.511% 11.768% 0.500% 0.360% (21) 11,937.54 11,937.54 (20) (22) 1,078,760.82 6,930,900.00 CY5072 January 2024

1 Line of Credit 100% 6,715,800.37 372,725,585.94 22 FLT 1-year CMT Monthly 1 7.201% 2.406% 2.406% 9.633% 0.500% 0.360% (21) (19) (19) (19) (22) 83,025,792.95 805,801,391.00 CY5073 January 2024

1 Modified Term 100% 116,011.49 116,011.49 24 FLT 1-year CMT Monthly 1 7.013% 2.203% 2.203% 8.571% 0.500% 0.360% (21) 35,948.97 43,792.42 34 (22) 1,617,547.19 12,155,225.00 CY5073 January 20241 Tenure 100% 732.91 32,578.39 24 FLT 1-year CMT Monthly 1 6.793% 2.020% 2.020% 8.320% 0.500% 0.360% (21) 568.43 568.43 (20) 0.00 0.00 280,000.00 CY5073 January 2024

1 Modified Tenure 100% 25,908.67 2,638,221.98 22 FLT 1-year CMT Monthly 1 7.110% 2.318% 2.318% 9.645% 0.500% 0.360% (21) 12,733.11 13,062.87 (20) (22) 1,207,938.41 7,967,800.00 CY5073 January 2024

1 Line of Credit 100% 1,670,148.68 583,752,329.40 21 FLT 1-year CMT Monthly 1 6.883% 2.116% 2.116% 9.747% 0.500% 0.360% (21) (19) (19) (19) (22) 113,279,490.84 1,172,372,385.00 CY7282 December 2023

1 Modified Term 100% 56,239.15 56,239.15 21 FLT 1-year CMT Monthly 1 7.010% 2.244% 2.244% 9.994% 0.500% 0.360% (21) 61,104.19 61,472.53 66 (22) 2,336,694.86 18,012,375.00 CY7282 December 2023

1 Tenure 100% 26,344.08 2,804,509.44 19 FLT 1-year CMT Monthly 1 6.821% 2.053% 2.053% 9.915% 0.500% 0.360% (21) 23,021.44 23,021.44 (20) 0.00 0.00 10,889,775.00 CY7282 December 2023

1 Term 100% 20,646.81 2,950,419.07 18 FLT 1-year CMT Monthly 1 6.885% 2.120% 2.120% 10.224% 0.500% 0.360% (21) 18,278.85 18,278.85 110 0.00 0.00 7,181,900.00 CY7282 December 2023

1 Modified Tenure 100% 62,766.06 3,485,756.56 23 FLT 1-year CMT Monthly 1 7.140% 2.370% 2.370% 10.071% 0.500% 0.360% (21) 41,375.94 41,375.94 (20) (22) 2,286,948.29 14,775,200.00 CY7282 December 20231 Line of Credit 100% 484,976.02 25,032,850.46 21 FLT 1-year CMT Monthly 1 6.901% 2.137% 2.137% 9.887% 0.500% 0.360% (21) (19) (19) (19) (22) 5,237,320.07 51,956,425.00 CY7283 December 2023

1 Modified Term 100% 3,567.23 3,567.23 30 FLT 1-year CMT Monthly 1 7.009% 2.251% 2.251% 7.354% 0.500% 0.360% (21) 3,352.80 3,352.80 90 (22) 233,514.22 1,425,000.00 CY7283 December 2023

1 Tenure 100% 973.83 52,423.81 15 FLT 1-year CMT Monthly 1 7.383% 2.625% 2.625% 12.355% 0.500% 0.360% (21) 79.39 79.39 (20) 0.00 0.00 185,000.00 CY7283 December 2023

1 Modified Tenure 100% 1,013.55 84,136.51 11 FLT 1-year CMT Monthly 1 6.758% 2.000% 2.000% 11.580% 0.500% 0.360% (21) 500.00 500.00 (20) 14,163.12 15,088.11 403,000.00 CY7283 December 2023

A-1
 
ApproxiApproxi- mate ApproxiApproxi- Approxi- mate Weighted Approxi- mate

Approxi- mate mate Approxi- Weighted Average Approxi- mate Weighted

mate Weighted Weighted mate Average Gross mate Weighted Average

Weighted Average Average Weighted Gross Lifetime Weighted Average Initial Subsequent Remaining Initial HECM

HECM MBS Average HECM Next Rate Gross Average Lifetime Interest Average Servicing Monthly Monthly Monthly Draw Available Available Maximum MBS

Percentage of Principal HECM Loan HECM Age Interest Rate Reset Reset Interest Gross Interest Rate MIP Fee Servicing Scheduled Scheduled Term (in Line of Line of Claim Pool Issue

Group Payment Plan Pool in Trust Balance(2) Balance (in months)(3) Type Index Frequency(4) Month(5) Rate(6) Margin(7) Rate Floor(8) Cap(9) Fee(10) Margin(11) Fee(12) Draw(13) Draw(14) months)(15) Credit(16) Credit(17) Amount(18) Number Date

1 Line of Credit 100% $ 472,589.74 $ 202,388,361.48 29 FLT 1-year CMT Monthly 1 6.992% 2.209% 2.209% 13.181% 0.500% 0.360% (21) (19) (19) (19) (22) $ 17,541,453.82 $ 346,395,825.00 CY7284 December 2023

1 Modified Term 100% 9,137.81 9,137.81 31 FLT 1-year CMT Monthly 1 7.282% 2.499% 2.499% 13.357% 0.500% 0.360% (21) $ 7,124.18 $ 7,624.18 59 (22) 232,570.75 4,003,100.00 CY7284 December 2023

1 Tenure 100% 1,146.89 384,840.78 35 FLT 1-year CMT Monthly 1 7.462% 2.679% 2.679% 13.045% 0.500% 0.360% (21) 859.50 859.50 (20) $ 0.00 0.00 1,045,000.00 CY7284 December 2023

1 Term 100% 5,129.20 824,699.94 25 FLT 1-year CMT Monthly 1 6.976% 2.196% 2.196% 13.664% 0.500% 0.360% (21) 4,476.11 4,476.11 124 0.00 0.00 2,113,175.00 CY7284 December 2023

1 Modified Tenure 100% 262.76 157,330.81 35 FLT 1-year CMT Monthly 1 7.659% 2.875% 2.875% 12.935% 0.500% 0.360% (21) 150.00 150.00 (20) (22) 136,758.31 445,000.00 CY7284 December 2023

1 Line of Credit 100% 1,368,637.27 74,057,605.36 29 FLT 1-year CMT Monthly 1 7.167% 2.395% 2.395% 13.181% 0.500% 0.360% (21) (19) (19) (19) (22) 14,502,030.25 145,336,794.00 CZ0830 December 2023

1 Modified Term 100% 7,595.54 7,595.54 37 FLT 1-year CMT Monthly 1 7.726% 2.951% 2.951% 13.039% 0.500% 0.360% (21) 3,800.00 3,800.00 17 (22) 219,430.51 1,146,500.00 CZ0830 December 2023

1 Tenure 100% 891.38 47,474.38 25 FLT 1-year CMT Monthly 1 7.269% 2.500% 2.500% 13.080% 0.500% 0.360% (21) 487.10 487.10 (20) 0.00 0.00 300,000.00 CZ0830 December 2023

1 Modified Tenure 100% 20,348.26 511,897.49 32 FLT 1-year CMT Monthly 1 7.269% 2.500% 2.500% 12.580% 0.500% 0.360% (21) 1,200.00 1,200.00 (20) (22) 162,986.59 822,375.00 CZ0830 December 2023

1 Line of Credit 100% 3,833,553.01 113,751,200.31 19 FLT 1-year CMT Monthly 1 7.100% 2.325% 2.325% 10.271% 0.500% 0.360% (21) (19) (19) (19) (22) 36,198,763.31 270,968,675.00 CZ0840 January 2024

1 Modified Term 100% 26,478.94 26,478.94 15 FLT 1-year CMT Monthly 1 7.015% 2.258% 2.258% 10.732% 0.500% 0.360% (21) 20,796.72 20,800.00 73 (22) 359,156.02 5,277,000.00 CZ0840 January 2024

1 Term 100% 3,265.36 47,165.81 17 FLT 1-year CMT Monthly 1 7.523% 2.730% 2.730% 12.300% 0.500% 0.360% (21) 1,008.21 1,008.21 67 0.00 0.00 268,000.00 CZ0840 January 2024

1 Modified Tenure 100% 26,526.99 951,163.75 17 FLT 1-year CMT Monthly 1 7.002% 2.230% 2.230% 10.881% 0.500% 0.360% (21) 2,324.29 2,700.00 (20) (22) 550,872.15 2,845,100.00 CZ0840 January 2024

1 Line of Credit 100% 5,223,286.28 149,939,326.91 21 FLT 1-year CMT Monthly 1 7.217% 2.430% 2.430% 9.993% 0.500% 0.360% (21) (19) (19) (19) (22) 36,808,232.54 330,500,050.00 CZ0841 January 2024

1 Modified Term 100% 149,527.88 149,527.88 20 FLT 1-year CMT Monthly 1 7.726% 2.959% 2.959% 10.563% 0.500% 0.360% (21) 21,973.05 30,731.26 39 (22) 495,468.87 4,406,600.00 CZ0841 January 2024

1 Modified Tenure 100% 7,643.88 1,133,664.19 25 FLT 1-year CMT Monthly 1 6.965% 2.193% 2.193% 8.569% 0.500% 0.360% (21) 2,552.33 2,552.33 (20) (22) 245,306.72 2,343,375.00 CZ0841 January 2024

1 Line of Credit 100% 451,696.38 12,902,330.34 21 FLT 1-year CMT Monthly 1 7.559% 2.799% 2.799% 15.472% 0.500% 0.360% (21) (19) (19) (19) (22) 2,010,822.29 24,895,875.00 CZ4347 December 2023

1 Line of Credit 100% 2,456,496.17 68,190,356.07 19 FLT 1-year CMT Monthly 1 7.071% 2.313% 2.313% 10.179% 0.500% 0.360% (21) (19) (19) (19) (22) 16,858,539.87 154,721,325.00 CZ4348 December 2023

1 Modified Term 100% 10,469.22 10,469.22 13 FLT 1-year CMT Monthly 1 7.111% 2.363% 2.363% 11.913% 0.500% 0.360% (21) 7,795.17 7,795.17 77 (22) 384,550.57 3,628,000.00 CZ4348 December 2023

1 Tenure 100% 492.82 154,386.43 7 FLT 1-year CMT Monthly 1 6.498% 1.750% 1.750% 12.110% 0.500% 0.360% (21) 134.53 134.53 (20) 0.00 0.00 420,000.00 CZ4348 December 2023

1 Modified Tenure 100% 17,845.88 623,842.17 18 FLT 1-year CMT Monthly 1 7.035% 2.287% 2.287% 10.617% 0.500% 0.360% (21) 1,900.00 1,900.00 (20) (22) 285,154.74 2,002,800.00 CZ4348 December 2023

1 Line of Credit 100% 1,060,801.92 240,762,521.36 17 FLT 1-year CMT Monthly 1 6.939% 2.185% 2.185% 10.943% 0.500% 0.360% (21) (19) (19) (19) (22) 48,264,514.76 523,088,146.00 CZ8467 January 2024

1 Modified Term 100% 45,871.13 45,871.13 18 FLT 1-year CMT Monthly 1 6.866% 2.110% 2.110% 10.098% 0.500% 0.360% (21) 42,789.11 47,720.96 31 (22) 979,680.11 8,533,800.00 CZ8467 January 2024

1 Tenure 100% 17,065.43 1,533,933.79 16 FLT 1-year CMT Monthly 1 6.989% 2.233% 2.233% 10.606% 0.500% 0.360% (21) 15,722.11 15,722.11 (20) 0.00 0.00 6,785,375.00 CZ8467 January 2024

1 Term 100% 30,431.44 943,687.28 13 FLT 1-year CMT Monthly 1 6.565% 1.810% 1.810% 10.647% 0.500% 0.360% (21) 23,165.89 23,165.89 91 0.00 0.00 4,858,300.00 CZ8467 January 20241 Modified Tenure 100% 110,305.42 977,864.12 21 FLT 1-year CMT Monthly 1 6.304% 1.550% 1.550% 9.479% 0.500% 0.360% (21) 8,048.53 8,048.53 (20) (22) 940,534.46 5,473,175.00 CZ8467 January 20242 Line of Credit 24.0352243246% 16,103,033.73 19,213,645.34 32 FLT 1-year CMT Monthly 1 6.796% 2.015% 2.015% 7.095% 0.500% 0.360% (21) (19) (19) (19) (22) 2,730,490.53 33,876,869.00 CE5506 August 20212 Modified Term 24.0352243246% 364,293.92 364,293.92 32 FLT 1-year CMT Monthly 1 6.757% 1.950% 1.950% 7.030% 0.500% 0.360% (21) 1,000.00 1,000.00 76 (22) 3,256.81 699,000.00 CE5506 August 20212 Modified Tenure 24.0352243246% 44,927.64 80,956.56 32 FLT 1-year CMT Monthly 1 7.007% 2.200% 2.200% 7.280% 0.500% 0.360% (21) 1,066.80 1,066.80 (20) (22) 20.00 320,000.00 CE5506 August 2021

2 Line of Credit 12.0176149450% 16,300,091.43 19,253,680.22 31 FLT 1-year CMT Monthly 1 6.740% 1.971% 1.971% 7.047% 0.500% 0.360% (21) (19) (19) (19) (22) 3,199,920.33 33,920,000.00 CE9343 September 2021

2 Modified Term 12.0176149450% 377,226.65 377,226.65 31 FLT 1-year CMT Monthly 1 6.811% 2.063% 2.063% 7.140% 0.500% 0.360% (21) 3,355.00 3,655.00 131 (22) 75,834.41 1,375,000.00 CE9343 September 20212 Line of Credit 0.8664346980% 26,646,699.94 30,634,581.08 27 FLT 1-year CMT Monthly 1 6.723% 1.926% 1.926% 7.146% 0.500% 0.360% (21) (19) (19) (19) (22) 4,837,073.17 53,982,825.00 CJ7153 January 20222 Modified Term 0.8664346980% 400,653.03 400,653.03 27 FLT 1-year CMT Monthly 1 7.100% 2.306% 2.306% 7.558% 0.500% 0.360% (21) 3,300.00 3,300.00 96 (22) 96,571.67 1,162,000.00 CJ7153 January 20222 Modified Tenure 0.8664346980% 726,463.17 813,899.70 27 FLT 1-year CMT Monthly 1 6.731% 1.936% 1.936% 7.117% 0.500% 0.360% (21) 1,800.00 1,800.00 (20) (22) 258,099.65 1,844,000.00 CJ7153 January 2022

2 Line of Credit 100% 1,675,798.15 268,097,699.76 14 FLT 1-year CMT Monthly 1 7.031% 2.272% 2.272% 11.612% 0.500% 0.360% (21) (19) (19) (19) (22) 70,800,621.85 678,492,224.00 CX5643 February 2024

2 Modified Term 100% 77,165.06 77,165.06 14 FLT 1-year CMT Monthly 1 6.967% 2.204% 2.204% 11.360% 0.500% 0.360% (21) 63,153.50 65,483.98 42 (22) 3,174,640.96 17,225,600.00 CX5643 February 2024

2 Tenure 100% 20,299.62 2,329,884.02 15 FLT 1-year CMT Monthly 1 7.114% 2.352% 2.352% 11.464% 0.500% 0.360% (21) 18,773.21 18,773.21 (20) 0.00 0.00 8,005,900.00 CX5643 February 2024

2 Term 100% 16,554.08 1,909,487.04 13 FLT 1-year CMT Monthly 1 7.058% 2.298% 2.298% 11.422% 0.500% 0.360% (21) 15,035.16 15,035.16 57 0.00 0.00 4,781,300.00 CX5643 February 2024

2 Modified Tenure 100% 74,898.31 1,868,548.61 14 FLT 1-year CMT Monthly 1 7.129% 2.369% 2.369% 11.640% 0.500% 0.360% (21) 23,550.77 23,550.77 (20) (22) 1,523,004.51 8,181,100.00 CX5643 February 20242 Line of Credit 100% 6,927,178.40 4,374,018,267.07 19 FLT 1-year CMT Monthly 1 7.052% 2.281% 2.281% 10.009% 0.500% 0.360% (21) (19) (19) (19) (22) 1,138,130,870.58 9,905,027,343.00 CZ0845 February 2024

2 Modified Term 100% 873,713.68 873,713.68 17 FLT 1-year CMT Monthly 1 7.137% 2.364% 2.364% 10.497% 0.500% 0.360% (21) 785,355.82 824,641.23 63 (22) 21,387,511.43 214,582,700.00 CZ0845 February 2024

2 Tenure 100% 125,138.79 13,169,044.70 19 FLT 1-year CMT Monthly 1 7.169% 2.401% 2.401% 10.160% 0.500% 0.360% (21) 110,934.67 111,091.28 (20) 0.00 0.00 50,937,350.00 CZ0845 February 20242 Term 100% 259,362.30 21,414,162.61 15 FLT 1-year CMT Monthly 1 7.146% 2.379% 2.379% 10.884% 0.500% 0.360% (21) 213,313.49 215,214.20 81 0.00 0.00 61,469,475.00 CZ0845 February 2024

2 Modified Tenure 100% 314,762.97 40,374,819.33 20 FLT 1-year CMT Monthly 1 7.153% 2.383% 2.383% 10.208% 0.500% 0.360% (21) 280,925.13 281,217.62 (20) (22) 19,892,209.71 152,201,600.00 CZ0845 February 2024

2 Line of Credit 100% 9,979,130.08 4,976,385,889.99 22 FLT 1-year CMT Monthly 1 7.151% 2.365% 2.365% 9.496% 0.500% 0.360% (21) (19) (19) (19) (22) 1,017,136,180.26 10,123,663,756.00 CZ0846 February 2024

2 Modified Term 100% 775,105.35 775,105.35 23 FLT 1-year CMT Monthly 1 7.153% 2.370% 2.370% 9.536% 0.500% 0.360% (21) 749,436.80 774,492.46 81 (22) 25,240,861.67 196,238,850.00 CZ0846 February 2024

2 Tenure 100% 128,437.21 14,609,679.09 23 FLT 1-year CMT Monthly 1 7.174% 2.382% 2.382% 9.418% 0.500% 0.360% (21) 116,836.53 117,568.10 (20) 0.00 0.00 50,017,400.00 CZ0846 February 20242 Term 100% 164,372.99 16,672,925.07 23 FLT 1-year CMT Monthly 1 7.111% 2.320% 2.320% 9.195% 0.500% 0.360% (21) 147,442.05 147,564.50 98 0.00 0.00 46,336,775.00 CZ0846 February 2024

2 Modified Tenure 100% 265,903.59 26,098,736.87 25 FLT 1-year CMT Monthly 1 7.143% 2.362% 2.362% 8.923% 0.500% 0.360% (21) 184,928.11 184,928.11 (20) (22) 13,603,130.46 93,130,975.00 CZ0846 February 2024

2 Line of Credit 100% 856,293.68 136,020,410.10 33 FLT 1-year CMT Annually 6 6.537% 2.417% 2.417% 7.680% 0.500% 0.360% (21) (19) (19) (19) (22) 42,023,789.67 284,719,369.00 CZ2289 February 2024

2 Modified Term 100% 57,877.88 57,877.88 32 FLT 1-year CMT Annually 5 6.671% 2.457% 2.457% 7.642% 0.500% 0.360% (21) 45,379.52 45,466.90 36 (22) 1,526,765.65 10,456,500.00 CZ2289 February 2024

2 Tenure 100% 6,129.06 837,795.86 27 FLT 1-year CMT Annually 8 6.796% 2.432% 2.432% 8.006% 0.500% 0.360% (21) 5,511.40 5,511.40 (20) 0.00 0.00 2,836,375.00 CZ2289 February 2024

2 Term 100% 15,396.13 1,168,848.49 30 FLT 1-year CMT Annually 10 7.178% 2.514% 2.514% 7.676% 0.500% 0.360% (21) 14,504.53 14,504.53 48 0.00 0.00 2,602,375.00 CZ2289 February 2024

A-2
 
ApproxiApproxi- mate ApproxiApproxi- Approxi- mate Weighted Approxi- mate

Approxi- mate mate Approxi- Weighted Average Approxi- mate Weighted

mate Weighted Weighted mate Average Gross mate Weighted Average

Weighted Average Average Weighted Gross Lifetime Weighted Average Initial Subsequent Remaining Initial HECM

HECM MBS Average HECM Next Rate Gross Average Lifetime Interest Average Servicing Monthly Monthly Monthly Draw Available Available Maximum MBS

Percentage of Principal HECM Loan HECM Age Interest Rate Reset Reset Interest Gross Interest Rate MIP Fee Servicing Scheduled Scheduled Term (in Line of Line of Claim Pool Issue

Group Payment Plan Pool in Trust Balance(2) Balance (in months)(3) Type Index Frequency(4) Month(5) Rate(6) Margin(7) Rate Floor(8) Cap(9) Fee(10) Margin(11) Fee(12) Draw(13) Draw(14) months)(15) Credit(16) Credit(17) Amount(18) Number Date

2 Modified Tenure 100% $ 15,110.45 $ 1,369,079.85 32 FLT 1-year CMT Annually 8 6.923% 2.473% 2.473% 8.089% 0.500% 0.360% (21) $ 10,373.31 $ 10,573.31 (20) (22) $ 878,221.24 $ 5,537,975.00 CZ2289 February 2024

5 Line of Credit 44.7823028640% 36,125,959.92 40,982,125.08 19 FLT 1-year CMT Monthly 1 7.029% 2.267% 2.267% 10.405% 0.500% 0.360% (21) (19) (19) (19) (22) 11,338,490.23 96,804,334.00 CP1832 September 2022

5 Modified Term 44.7823028640% 563,895.33 563,895.33 19 FLT 1-year CMT Monthly 1 6.950% 2.192% 2.192% 10.270% 0.500% 0.360% (21) 11,505.38 11,505.38 20 (22) 296,228.56 2,492,500.00 CP1832 September 2022

5 Tenure 44.7823028640% 457,476.79 501,985.11 19 FLT 1-year CMT Monthly 1 7.246% 2.487% 2.487% 10.686% 0.500% 0.360% (21) 2,522.79 2,522.79 (20) $ 0.00 0.00 1,365,000.00 CP1832 September 2022

5 Term 44.7823028640% 150,581.06 170,571.02 19 FLT 1-year CMT Monthly 1 6.759% 1.970% 1.970% 10.220% 0.500% 0.360% (21) 1,003.12 1,003.12 165 0.00 0.00 518,000.00 CP1832 September 2022

5 Modified Tenure 44.7823028640% 139,819.66 380,400.05 19 FLT 1-year CMT Monthly 1 7.288% 2.517% 2.517% 10.660% 0.500% 0.360% (21) 7,100.00 7,100.00 (20) (22) 1,263,129.67 3,020,600.00 CP1832 September 2022

5 Line of Credit 63.7566033417% 10,067,361.24 2,244,243,711.26 13 FLT 1-year CMT Monthly 1 7.106% 2.339% 2.339% 11.560% 0.500% 0.360% (21) (19) (19) (19) (22) 704,594,903.57 5,800,472,418.00 DB0933 March 2024

5 Modified Term 63.7566033417% 979,303.82 979,303.82 12 FLT 1-year CMT Monthly 1 7.209% 2.441% 2.441% 11.688% 0.500% 0.360% (21) 890,963.73 890,963.73 73 3,483,709.21 16,493,597.39 186,057,225.00 DB0933 March 2024

5 Tenure 63.7566033417% 154,120.17 14,609,240.61 12 FLT 1-year CMT Monthly 1 7.166% 2.405% 2.405% 11.612% 0.500% 0.360% (21) 143,837.45 143,837.45 (20) 0.00 0.00 66,959,400.00 DB0933 March 2024

5 Term 63.7566033417% 130,151.85 8,810,763.62 10 FLT 1-year CMT Monthly 1 7.178% 2.410% 2.410% 11.913% 0.500% 0.360% (21) 123,987.12 123,987.12 120 0.00 0.00 37,371,400.00 DB0933 March 2024

5 Modified Tenure 63.7566033417% 455,140.92 28,567,778.59 10 FLT 1-year CMT Monthly 1 7.234% 2.466% 2.466% 11.986% 0.500% 0.360% (21) 329,031.95 329,031.95 (20) 6,297,203.93 19,621,506.55 140,678,025.00 DB0933 March 2024

6 Line of Credit 100% 22,255,988.13 22,321,942.74 2 FLT 1-year CMT Monthly 1 7.150% 2.374% 2.374% 12.169% 0.500% 0.360% (21) (19) (19) (19) 3,282,633.90 11,731,994.66 81,087,237.00 CY6958 February 2024

6 Modified Term 100% 155,555.98 155,555.98 2 FLT 1-year CMT Monthly 1 7.343% 2.579% 2.579% 12.357% 0.500% 0.360% (21) 30,000.00 30,000.00 23 27,897.11 28,260.48 1,803,325.00 CY6958 February 2024

6 Tenure 100% 43,430.15 43,460.83 2 FLT 1-year CMT Monthly 1 7.796% 3.020% 3.020% 12.810% 0.500% 0.360% (21) 439.91 439.91 (20) 0.00 0.00 280,000.00 CY6958 February 2024

6 Modified Tenure 100% 311,504.55 313,724.29 2 FLT 1-year CMT Monthly 1 7.550% 2.785% 2.785% 12.564% 0.500% 0.360% (21) 4,885.62 4,885.62 (20) 146,969.18 149,381.36 3,011,125.00 CY6958 February 2024

7 Line of Credit 51.0385016363% 43,193,424.93 49,783,634.47 26 FLT 1-year CMT Monthly 1 6.847% 2.048% 2.048% 7.499% 0.500% 0.360% (21) (19) (19) (19) (22) 8,588,003.87 93,822,325.00 CK2781 February 2022

7 Modified Term 51.0385016363% 342,794.39 342,794.39 26 FLT 1-year CMT Monthly 1 6.914% 2.090% 2.090% 7.570% 0.500% 0.360% (21) 983.78 983.78 94 (22) 925.00 655,000.00 CK2781 February 20228 Line of Credit 100% 6,575,401.74 6,586,033.86 2 FLT 1-year CMT Monthly 1 6.893% 2.127% 2.127% 11.927% 0.500% 0.360% (21) (19) (19) (19) 740,690.77 2,508,417.88 21,248,583.00 CX5642 February 20248 Modified Term 100% 126,204.49 126,204.49 2 FLT 1-year CMT Monthly 1 6.851% 2.095% 2.095% 11.885% 0.500% 0.360% (21) 23,100.00 23,100.00 55 184,396.19 458,934.55 2,239,125.00 CX5642 February 2024

8 Line of Credit 6.1642079335% 16,656,657.32 16,907,208.75 2 FLT 1-year CMT Monthly 1 7.120% 2.357% 2.357% 12.176% 0.500% 0.360% (21) (19) (19) (19) 2,867,873.99 9,594,118.66 60,046,987.00 CZ2276 February 20248 Modified Term 6.1642079335% 394,811.46 394,811.46 2 FLT 1-year CMT Monthly 1 6.947% 2.211% 2.211% 11.993% 0.500% 0.360% (21) 8,700.00 8,700.00 122 253,613.07 453,589.74 2,985,825.00 CZ2276 February 2024

8 Tenure 6.1642079335% 393,635.54 393,915.66 2 FLT 1-year CMT Monthly 1 6.739% 1.978% 1.978% 11.784% 0.500% 0.360% (21) 1,063.87 1,063.87 (20) 0.00 0.00 1,374,000.00 CZ2276 February 20248 Term 6.1642079335% 64,080.69 64,124.97 2 FLT 1-year CMT Monthly 1 7.455% 2.702% 2.702% 12.500% 0.500% 0.360% (21) 2,579.00 2,579.00 153 0.00 0.00 621,000.00 CZ2276 February 20248 Modified Tenure 6.1642079335% 541,521.78 541,901.18 2 FLT 1-year CMT Monthly 1 7.219% 2.457% 2.457% 12.327% 0.500% 0.360% (21) 12,440.97 12,440.97 (20) 129,308.94 173,904.67 3,160,000.00 CZ2276 February 2024

9 Line of Credit 100% 587,798.21 595,195.47 38 FLT 1-year CMT Annually 6 6.528% 2.498% 2.498% 10.747% 0.713% 0.360% (21) (19) (19) (19) (22) 93,975.71 1,020,000.00 CD0820 July 2023

9 Line of Credit 10.2681528114% 10,050,108.66 11,260,411.81 31 FLT 1-year CMT Monthly 1 6.893% 2.105% 2.105% 7.181% 0.500% 0.360% (21) (19) (19) (19) (22) 1,347,079.50 19,272,800.00 CH7766 September 2021

9 Modified Term 10.2681528114% 208,574.76 208,574.76 31 FLT 1-year CMT Monthly 1 6.789% 2.000% 2.000% 7.080% 0.500% 0.360% (21) 65,000.00 65,000.00 17 (22) 375,900.63 1,359,375.00 CH7766 September 2021

9 Line of Credit 100% 7,444,587.03 1,983,633,989.19 28 FLT 1-year CMT Monthly 1 6.836% 2.042% 2.042% 7.465% 0.500% 0.360% (21) (19) (19) (19) (22) 334,032,973.48 3,576,682,636.00 CY1801 November 20239 Modified Term 100% 399,362.15 399,362.15 29 FLT 1-year CMT Monthly 1 7.020% 2.227% 2.227% 7.636% 0.500% 0.360% (21) 310,375.43 311,780.45 47 (22) 9,542,355.72 75,203,175.00 CY1801 November 20239 Tenure 100% 39,310.87 6,156,216.15 28 FLT 1-year CMT Monthly 1 7.030% 2.235% 2.235% 7.643% 0.500% 0.360% (21) 30,407.61 30,480.17 (20) 0.00 0.00 16,361,000.00 CY1801 November 2023

9 Term 100% 25,865.66 2,852,799.08 29 FLT 1-year CMT Monthly 1 6.793% 1.999% 1.999% 7.246% 0.500% 0.360% (21) 20,475.61 21,472.58 100 0.00 0.00 7,076,975.00 CY1801 November 2023

9 Modified Tenure 100% 105,846.33 11,699,007.87 28 FLT 1-year CMT Monthly 1 6.895% 2.102% 2.102% 7.636% 0.500% 0.360% (21) 79,411.69 79,411.69 (20) (22) 5,306,775.88 34,953,250.00 CY1801 November 2023

10 Line of Credit 100% 19,159,162.21 19,159,169.96 1 FLT 1-year CMT Monthly 1 7.072% 2.318% 2.318% 12.170% 0.500% 0.360% (21) (19) (19) (19) 2,658,359.36 8,772,508.41 63,559,747.00 CZ4332 March 2024

10 Term 100% 507,074.07 507,074.07 1 FLT 1-year CMT Monthly 1 6.858% 2.110% 2.110% 11.886% 0.500% 0.360% (21) 4,249.57 4,249.57 158 0.00 0.00 1,994,300.00 CZ4332 March 2024

10 Modified Tenure 100% 78,636.72 78,636.72 1 FLT 1-year CMT Monthly 1 7.058% 2.309% 2.309% 12.183% 0.500% 0.360% (21) 4,000.00 4,000.00 (20) (22) 120,291.56 925,000.00 CZ4332 March 2024

11 Line of Credit 100% 14,945,549.39 14,945,573.23 0 FLT 1-year CMT Monthly 1 7.080% 2.298% 2.298% 12.099% 0.500% 0.360% (21) (19) (19) (19) 440,305.78 4,021,197.89 43,925,400.00 CZ4344 March 2024

11 Modified Tenure 100% 30,978.61 30,978.61 0 FLT 1-year CMT Monthly 1 7.048% 2.250% 2.250% 12.050% 0.500% 0.360% (21) 1,000.00 1,000.00 (20) (22) 75,654.55 530,000.00 CZ4344 March 2024

12 Line of Credit 100% 25,156,519.42 25,156,669.42 0 FLT 1-year CMT Monthly 1 7.103% 2.331% 2.331% 12.111% 0.500% 0.360% (21) (19) (19) (19) 3,097,896.00 11,458,144.64 86,749,818.00 CY6961 March 2024

12 Modified Term 100% 268,428.49 268,428.49 0 FLT 1-year CMT Monthly 1 7.459% 2.694% 2.694% 12.467% 0.500% 0.360% (21) 24,100.00 24,100.00 115 365,182.85 381,401.07 3,344,825.00 CY6961 March 202412 Modified Tenure 100% 346,080.09 346,080.09 0 FLT 1-year CMT Monthly 1 7.790% 3.032% 3.032% 12.794% 0.500% 0.360% (21) 7,350.00 7,350.00 (20) 183,883.59 188,834.38 2,235,000.00 CY6961 March 202413 Line of Credit 100% 15,650,767.21 15,650,767.21 0 FLT 1-year CMT Monthly 1 7.074% 2.254% 2.254% 12.083% 0.500% 0.360% (21) (19) (19) (19) 2,088,001.04 7,864,358.66 54,105,555.00 DB0931 March 2024

13 Modified Term 100% 18,486.25 18,486.25 0 FLT 1-year CMT Monthly 1 7.209% 2.270% 2.270% 12.210% 0.500% 0.360% (21) 1,000.00 1,000.00 110 (22) 28,119.40 275,000.00 DB0931 March 202413 Tenure 100% 280,485.44 280,485.44 0 FLT 1-year CMT Monthly 1 7.241% 2.468% 2.468% 12.276% 0.500% 0.360% (21) 2,651.55 2,651.55 (20) 0.00 0.00 1,745,000.00 DB0931 March 2024

13 Term 100% 29,939.10 29,939.10 0 FLT 1-year CMT Monthly 1 7.617% 2.817% 2.817% 12.608% 0.500% 0.360% (21) 4,222.41 4,222.41 168 0.00 0.00 1,465,000.00 DB0931 March 2024

14 Line of Credit 100% 15,425,268.11 15,425,268.11 0 FLT 1-year CMT Monthly 1 7.080% 2.250% 2.250% 12.083% 0.500% 0.360% (21) (19) (19) (19) 2,584,876.34 8,715,037.80 55,589,594.00 CZ2290 March 2024

14 Modified Term 100% 295,289.33 295,289.33 0 FLT 1-year CMT Monthly 1 6.776% 1.967% 1.967% 11.778% 0.500% 0.360% (21) 6,303.91 6,303.91 128 233,619.77 318,718.16 2,695,000.00 CZ2290 March 202414 Tenure 100% 245,547.80 245,547.80 0 FLT 1-year CMT Monthly 1 7.489% 2.550% 2.550% 12.480% 0.500% 0.360% (21) 510.31 510.31 (20) 0.00 0.00 957,000.00 CZ2290 March 2024

14 Term 100% 57,002.53 57,002.53 0 FLT 1-year CMT Monthly 1 6.499% 1.560% 1.560% 11.500% 0.500% 0.360% (21) 500.00 500.00 250 0.00 0.00 335,000.00 CZ2290 March 2024

14 Modified Tenure 100% 730,893.23 730,893.23 0 FLT 1-year CMT Monthly 1 7.183% 2.386% 2.386% 12.193% 0.500% 0.360% (21) 12,022.01 12,022.01 (20) 770,479.77 958,381.80 6,648,825.00 CZ2290 March 2024

14 Line of Credit 100% 477,654.58 202,556,802.50 27 FLT 1-year CMT Monthly 1 7.091% 2.306% 2.306% 13.661% 0.500% 0.360% (21) (19) (19) (19) (22) 17,558,549.46 346,340,425.00 DA4457 February 2024

14 Modified Term 100% 9,067.71 9,067.71 31 FLT 1-year CMT Monthly 1 7.284% 2.499% 2.499% 13.356% 0.500% 0.360% (21) 7,124.18 7,624.18 59 (22) 232,570.75 4,003,100.00 DA4457 February 2024

14 Tenure 100% 1,137.35 384,840.78 35 FLT 1-year CMT Monthly 1 7.464% 2.680% 2.680% 13.048% 0.500% 0.360% (21) 859.50 859.50 (20) 0.00 0.00 1,045,000.00 DA4457 February 2024

14 Term 100% 5,082.45 824,699.94 25 FLT 1-year CMT Monthly 1 6.984% 2.197% 2.197% 13.665% 0.500% 0.360% (21) 4,476.11 4,476.11 124 0.00 0.00 2,113,175.00 DA4457 February 2024

A-3
 
ApproxiApproxi- mate ApproxiApproxi- Approxi- mate Weighted Approxi- mate

Approxi- mate mate Approxi- Weighted Average Approxi- mate Weighted

mate Weighted Weighted mate Average Gross mate Weighted Average

Weighted Average Average Weighted Gross Lifetime Weighted Average Initial Subsequent Remaining Initial HECM

HECM MBS Average HECM Next Rate Gross Average Lifetime Interest Average Servicing Monthly Monthly Monthly Draw Available Available Maximum MBS

Percentage of Principal HECM Loan HECM Age Interest Rate Reset Reset Interest Gross Interest Rate MIP Fee Servicing Scheduled Scheduled Term (in Line of Line of Claim Pool Issue

Group Payment Plan Pool in Trust Balance(2) Balance (in months)(3) Type Index Frequency(4) Month(5) Rate(6) Margin(7) Rate Floor(8) Cap(9) Fee(10) Margin(11) Fee(12) Draw(13) Draw(14) months)(15) Credit(16) Credit(17) Amount(18) Number Date

14 Modified Tenure 100% $ 763.61 $ 157,330.81 35 FLT 1-year CMT Monthly 1 7.667% 2.880% 2.880% 12.940% 0.500% 0.360% (21) $ 150.00 $ 150.00 (20) (22) $ 136,758.31 $ 445,000.00 DA4457 February 2024

15 Line of Credit 7.6878737902% 34,381,123.81 1,452,371,811.17 24 FLT 1-year CMT Monthly 1 7.040% 2.254% 2.254% 8.677% 0.500% 0.360% (21) (19) (19) (19) (22) 145,251,332.29 2,728,696,057.00 786717(24) May 2023

15 Modified Term 7.6878737902% 2,363,600.96 2,363,600.96 23 FLT 1-year CMT Monthly 1 7.151% 2.367% 2.367% 9.339% 0.500% 0.360% (21) 1,112,616.14 1,174,141.84 52 (22) 35,459,340.22 294,532,850.00 786717(24) May 2023

15 Tenure 7.6878737902% 95,692.99 10,695,758.52 24 FLT 1-year CMT Monthly 1 7.129% 2.347% 2.347% 9.319% 0.500% 0.360% (21) 76,777.63 76,934.24 (20) $ 0.00 0.00 35,174,350.00 786717(24) May 2023

15 Term 7.6878737902% 189,775.58 18,560,451.82 21 FLT 1-year CMT Monthly 1 7.041% 2.262% 2.262% 9.773% 0.500% 0.360% (21) 137,295.73 139,196.44 86 0.00 0.00 46,336,075.00 786717(24) May 2023

15 Modified Tenure 7.6878737902% 965,128.90 55,584,282.09 24 FLT 1-year CMT Monthly 1 7.152% 2.369% 2.369% 9.214% 0.500% 0.360% (21) 375,228.76 375,228.76 (20) (22) 28,706,323.36 194,829,900.00 786717(24) May 2023

15 Line of Credit 1.3826938916% 35,096,137.86 41,146,092.92 29 FLT 1-year CMT Monthly 1 6.885% 2.095% 2.095% 7.201% 0.500% 0.360% (21) (19) (19) (19) (22) 6,802,463.38 74,763,375.00 CE5550 November 2021

15 Modified Term 1.3826938916% 166,472.88 166,472.88 29 FLT 1-year CMT Monthly 1 7.104% 2.309% 2.309% 7.404% 0.500% 0.360% (21) 11,664.18 11,664.18 6 (22) 409,085.06 1,854,750.00 CE5550 November 202115 Tenure 1.3826938916% 131,949.03 163,728.91 29 FLT 1-year CMT Monthly 1 6.792% 2.000% 2.000% 7.090% 0.500% 0.360% (21) 957.04 957.04 (20) 0.00 0.00 445,000.00 CE5550 November 2021

15 Term 1.3826938916% 13,064.65 51,729.33 29 FLT 1-year CMT Monthly 1 6.912% 2.130% 2.130% 7.240% 0.500% 0.360% (21) 1,260.11 1,260.11 91 0.00 0.00 244,000.00 CE5550 November 2021

15 Line of Credit 0.0570803681% 41,613,654.11 47,087,394.91 23 FLT 1-year CMT Monthly 1 6.814% 2.031% 2.031% 8.788% 0.500% 0.360% (21) (19) (19) (19) (22) 9,865,422.00 95,023,775.00 CK2810 May 2022

15 Modified Term 0.0570803681% 535,636.25 535,636.25 23 FLT 1-year CMT Monthly 1 7.043% 2.241% 2.241% 8.930% 0.500% 0.360% (21) 5,066.47 5,066.47 133 (22) 212,323.06 2,090,000.00 CK2810 May 202215 Tenure 0.0570803681% 19,452.43 55,263.02 23 FLT 1-year CMT Monthly 1 7.154% 2.380% 2.380% 9.190% 0.500% 0.360% (21) 1,498.24 1,498.24 (20) 0.00 0.00 545,000.00 CK2810 May 2022

15 Modified Tenure 0.0570803681% 335,871.01 590,123.36 23 FLT 1-year CMT Monthly 1 6.982% 2.222% 2.222% 9.032% 0.500% 0.360% (21) 3,600.00 3,600.00 (20) (22) 368,777.11 1,889,000.00 CK2810 May 202215 Line of Credit 0.0520283610% 33,578,348.49 37,000,696.96 24 FLT 1-year CMT Monthly 1 7.089% 2.328% 2.328% 8.520% 0.500% 0.360% (21) (19) (19) (19) (22) 4,544,419.41 67,355,060.00 CM9948 April 2022

15 Modified Term 0.0520283610% 155,627.40 155,627.40 24 FLT 1-year CMT Monthly 1 6.763% 2.000% 2.000% 8.150% 0.500% 0.360% (21) (23) (23) (23) (22) 167,236.39 560,000.00 CM9948 April 2022

15 Tenure 0.0520283610% 614,999.70 672,462.25 24 FLT 1-year CMT Monthly 1 6.942% 2.193% 2.193% 8.415% 0.500% 0.360% (21) 1,420.42 1,420.42 (20) 0.00 0.00 1,536,000.00 CM9948 April 2022

15 Term 0.0520283610% 141,828.41 161,023.06 24 FLT 1-year CMT Monthly 1 6.883% 2.130% 2.130% 8.430% 0.500% 0.360% (21) 680.08 680.08 16 0.00 0.00 282,000.00 CM9948 April 2022

15 Line of Credit 2.2737714170% 30,643,947.93 35,976,618.59 20 FLT 1-year CMT Monthly 1 6.956% 2.185% 2.185% 10.028% 0.500% 0.360% (21) (19) (19) (19) (22) 9,299,184.39 81,160,035.00 CP1819 August 2022

15 Modified Term 2.2737714170% 277,999.37 277,999.37 20 FLT 1-year CMT Monthly 1 7.089% 2.318% 2.318% 10.118% 0.500% 0.360% (21) 4,431.25 4,500.00 134 (22) 29,180.91 2,102,000.00 CP1819 August 2022

15 Modified Tenure 2.2737714170% 336,750.68 410,598.44 21 FLT 1-year CMT Monthly 1 7.228% 2.452% 2.452% 10.235% 0.500% 0.360% (21) 1,788.52 1,788.52 (20) (22) 220,176.91 1,517,000.00 CP1819 August 2022

15 Line of Credit 19.4034172512% 608,340.42 608,773.92 2 FLT 1-year CMT Monthly 1 7.211% 2.411% 2.411% 12.229% 0.500% 0.360% (21) (19) (19) (19) 0.00 389,151.93 2,854,300.00 CQ7928 February 2024

15 Line of Credit 19.4033926381% 557,383.50 57,792,720.18 19 FLT 1-year CMT Monthly 1 7.125% 2.326% 2.326% 10.438% 0.500% 0.360% (21) (19) (19) (19) (22) 10,428,099.34 121,809,816.00 CQ7929 February 2024

15 Modified Term 19.4033926381% 36,719.12 36,719.12 7 FLT 1-year CMT Monthly 1 6.797% 1.998% 1.998% 11.772% 0.500% 0.360% (21) 28,193.10 28,193.10 26 0.00 701,140.93 3,319,300.00 CQ7929 February 2024

15 Term 19.4033926381% 8,995.89 461,410.08 25 FLT 1-year CMT Monthly 1 6.726% 1.927% 1.927% 8.387% 0.500% 0.360% (21) 4,141.38 4,141.38 67 0.00 0.00 1,204,000.00 CQ7929 February 2024

15 Modified Tenure 19.4033926381% 8,618.38 311,273.81 12 FLT 1-year CMT Monthly 1 7.029% 2.230% 2.230% 11.855% 0.500% 0.360% (21) 3,459.88 3,459.88 (20) 0.00 175,652.33 1,650,000.00 CQ7929 February 202415 Line of Credit 5.2006439387% 1,393,673.88 48,936,005.45 22 FLT 1-year CMT Monthly 1 6.855% 2.079% 2.079% 9.469% 0.500% 0.360% (21) (19) (19) (19) (22) 10,765,273.77 102,164,675.00 CY7288 January 2024

15 Modified Term 5.2006439387% 25,217.20 25,217.20 18 FLT 1-year CMT Monthly 1 7.400% 2.630% 2.630% 11.110% 0.500% 0.360% (21) 1,300.00 1,300.00 102 (22) 139,060.77 775,000.00 CY7288 January 2024

15 Tenure 5.2006439387% 2,834.40 52,423.81 15 FLT 1-year CMT Monthly 1 7.400% 2.630% 2.630% 12.360% 0.500% 0.360% (21) 79.39 79.39 (20) 0.00 0.00 185,000.00 CY7288 January 2024

15 Line of Credit 5.2006584595% 20,318,003.80 20,438,842.12 2 FLT 1-year CMT Monthly 1 7.346% 2.557% 2.557% 12.374% 0.500% 0.360% (21) (19) (19) (19) 3,342,564.31 11,294,968.92 75,234,500.00 CZ0843 February 2024

15 Modified Tenure 5.2006584595% 101,938.18 101,938.18 3 FLT 1-year CMT Monthly 1 7.507% 2.650% 2.650% 12.660% 0.500% 0.360% (21) 2,503.00 2,503.00 (20) 165,444.53 201,090.09 1,080,000.00 CZ0843 February 2024

15 Line of Credit 19.4033963873% 12,404,219.22 12,489,070.46 2 FLT 1-year CMT Monthly 1 7.028% 2.278% 2.278% 12.085% 0.500% 0.360% (21) (19) (19) (19) 367,623.38 2,213,568.17 30,261,625.00 DA4453 February 2024

15 Modified Term 19.4033963873% 143,663.47 143,663.47 2 FLT 1-year CMT Monthly 1 6.988% 2.247% 2.247% 12.040% 0.500% 0.360% (21) 3,300.00 3,300.00 108 54,606.79 55,300.74 953,000.00 DA4453 February 2024

15 Modified Tenure 19.4033963873% 225,308.82 229,492.71 2 FLT 1-year CMT Monthly 1 7.146% 2.422% 2.422% 12.198% 0.500% 0.360% (21) 4,000.00 4,000.00 (20) 293,096.43 339,938.00 2,041,825.00 DA4453 February 2024

16 Line of Credit 0.0797828280% 35,538,296.49 43,142,884.85 31 FLT 1-year CMT Monthly 1 7.006% 2.195% 2.195% 7.266% 0.500% 0.360% (21) (19) (19) (19) (22) 9,189,277.54 81,788,025.00 CE5524 September 2021

16 Modified Term 0.0797828280% 468,104.95 468,104.95 31 FLT 1-year CMT Monthly 1 7.055% 2.243% 2.243% 7.313% 0.500% 0.360% (21) 1,650.00 1,650.00 122 (22) 57,281.68 1,095,000.00 CE5524 September 2021

16 Modified Tenure 0.0797828280% 17,252.69 44,663.25 31 FLT 1-year CMT Monthly 1 8.215% 3.420% 3.420% 8.490% 0.500% 0.360% (21) 619.17 619.17 (20) (22) 122,431.31 279,000.00 CE5524 September 2021

16 Line of Credit 0.0771948968% 35,912,325.87 41,477,138.52 30 FLT 1-year CMT Monthly 1 6.928% 2.149% 2.149% 7.219% 0.500% 0.360% (21) (19) (19) (19) (22) 8,380,020.02 77,498,475.00 CE5539 October 202116 Modified Term 0.0771948968% 426,755.88 426,755.88 30 FLT 1-year CMT Monthly 1 7.004% 2.233% 2.233% 7.303% 0.500% 0.360% (21) 3,704.33 3,704.33 58 (22) 91,313.20 1,305,000.00 CE5539 October 202116 Modified Tenure 0.0771948968% 239,100.46 290,754.86 32 FLT 1-year CMT Monthly 1 6.388% 1.560% 1.560% 6.640% 0.500% 0.360% (21) 800.00 800.00 (20) (22) 28,455.26 690,000.00 CE5539 October 202116 Line of Credit 0.1050064699% 33,276,462.79 40,122,072.70 29 FLT 1-year CMT Monthly 1 6.898% 2.108% 2.108% 7.217% 0.500% 0.360% (21) (19) (19) (19) (22) 6,588,704.64 72,308,675.00 CE5546 November 2021

16 Modified Term 0.1050064699% 431,255.81 431,255.81 29 FLT 1-year CMT Monthly 1 7.188% 2.367% 2.367% 7.477% 0.500% 0.360% (21) 4,700.00 5,500.00 45 (22) 401,417.60 1,787,375.00 CE5546 November 2021

16 Term 0.1050064699% 116,692.43 138,240.55 29 FLT 1-year CMT Monthly 1 7.163% 2.380% 2.380% 7.490% 0.500% 0.360% (21) 1,134.84 1,134.84 31 0.00 0.00 244,000.00 CE5546 November 2021

16 Line of Credit 1.5300774872% 35,096,137.86 41,146,092.92 29 FLT 1-year CMT Monthly 1 6.885% 2.095% 2.095% 7.201% 0.500% 0.360% (21) (19) (19) (19) (22) 6,802,463.38 74,763,375.00 CE5550 November 2021

16 Modified Term 1.5300774872% 166,472.88 166,472.88 29 FLT 1-year CMT Monthly 1 7.104% 2.309% 2.309% 7.404% 0.500% 0.360% (21) 11,664.18 11,664.18 6 (22) 409,085.06 1,854,750.00 CE5550 November 2021

16 Tenure 1.5300774872% 131,949.03 163,728.91 29 FLT 1-year CMT Monthly 1 6.792% 2.000% 2.000% 7.090% 0.500% 0.360% (21) 957.04 957.04 (20) 0.00 0.00 445,000.00 CE5550 November 2021

16 Term 1.5300774872% 13,064.65 51,729.33 29 FLT 1-year CMT Monthly 1 6.912% 2.130% 2.130% 7.240% 0.500% 0.360% (21) 1,260.11 1,260.11 91 0.00 0.00 244,000.00 CE5550 November 2021

16 Line of Credit 0.0845588686% 39,467,150.43 46,395,504.11 28 FLT 1-year CMT Monthly 1 6.900% 2.108% 2.108% 7.274% 0.500% 0.360% (21) (19) (19) (19) (22) 9,230,191.32 87,201,150.00 CE5557 December 202116 Modified Term 0.0845588686% 265,922.10 265,922.10 28 FLT 1-year CMT Monthly 1 6.912% 2.130% 2.130% 7.290% 0.500% 0.360% (21) 2,000.00 2,000.00 8 (22) 106,191.67 730,000.00 CE5557 December 2021

16 Modified Tenure 0.0845588686% 520,174.20 651,349.15 28 FLT 1-year CMT Monthly 1 7.207% 2.389% 2.389% 7.559% 0.500% 0.360% (21) 2,472.31 2,472.31 (20) (22) 27,968.15 1,300,000.00 CE5557 December 2021

16 Line of Credit 0.3483182838% 9,929,414.81 11,061,006.03 28 FLT 1-year CMT Monthly 1 6.765% 2.010% 2.010% 7.129% 0.500% 0.360% (21) (19) (19) (19) (22) 1,941,008.90 20,025,250.00 CE9384 December 2021

16 Modified Term 0.3483182838% 135,998.98 135,998.98 28 FLT 1-year CMT Monthly 1 6.248% 1.500% 1.500% 6.640% 0.500% 0.360% (21) 748.98 748.98 8 (22) 5,415.48 265,000.00 CE9384 December 2021

16 Tenure 0.3483182838% 435,418.84 460,255.21 29 FLT 1-year CMT Monthly 1 6.748% 1.950% 1.950% 7.030% 0.500% 0.360% (21) 580.90 580.90 (20) 0.00 0.00 822,375.00 CE9384 December 2021

A-4
 
ApproxiApproxi- mate ApproxiApproxi- Approxi- mate Weighted Approxi- mate

Approxi- mate mate Approxi- Weighted Average Approxi- mate Weighted

mate Weighted Weighted mate Average Gross mate Weighted Average

Weighted Average Average Weighted Gross Lifetime Weighted Average Initial Subsequent Remaining Initial HECM

HECM MBS Average HECM Next Rate Gross Average Lifetime Interest Average Servicing Monthly Monthly Monthly Draw Available Available Maximum MBS

Percentage of Principal HECM Loan HECM Age Interest Rate Reset Reset Interest Gross Interest Rate MIP Fee Servicing Scheduled Scheduled Term (in Line of Line of Claim Pool Issue

Group Payment Plan Pool in Trust Balance(2) Balance (in months)(3) Type Index Frequency(4) Month(5) Rate(6) Margin(7) Rate Floor(8) Cap(9) Fee(10) Margin(11) Fee(12) Draw(13) Draw(14) months)(15) Credit(16) Credit(17) Amount(18) Number Date

16 Line of Credit 0.1955269184% $ 16,298,567.96 $ 19,105,572.89 28 FLT 1-year CMT Monthly 1 6.713% 1.922% 1.922% 7.063% 0.500% 0.360% (21) (19) (19) (19) (22) $ 3,270,538.13 $ 33,294,964.00 CJ7141 December 2021

16 Modified Term 0.1955269184% 153,289.11 153,289.11 28 FLT 1-year CMT Monthly 1 6.926% 2.135% 2.135% 7.295% 0.500% 0.360% (21) $ 4,000.00 $ 4,000.00 69 (22) 8,555.45 1,005,000.00 CJ7141 December 2021

16 Tenure 0.1955269184% 150,706.03 181,858.10 28 FLT 1-year CMT Monthly 1 7.041% 2.250% 2.250% 7.400% 0.500% 0.360% (21) 1,000.00 1,000.00 (20) $ 0.00 0.00 670,000.00 CJ7141 December 202116 Line of Credit 2.4034006225% 26,646,699.95 30,634,581.10 27 FLT 1-year CMT Monthly 1 6.722% 1.928% 1.928% 7.147% 0.500% 0.360% (21) (19) (19) (19) (22) 4,837,073.17 53,982,825.00 CJ7153 January 2022

16 Modified Term 2.4034006225% 400,653.03 400,653.03 27 FLT 1-year CMT Monthly 1 7.098% 2.309% 2.309% 7.560% 0.500% 0.360% (21) 3,300.00 3,300.00 96 (22) 96,571.67 1,162,000.00 CJ7153 January 2022

16 Modified Tenure 2.4034006225% 726,463.16 813,899.70 27 FLT 1-year CMT Monthly 1 6.729% 1.936% 1.936% 7.117% 0.500% 0.360% (21) 1,800.00 1,800.00 (20) (22) 258,099.65 1,844,000.00 CJ7153 January 2022

16 Line of Credit 0.0680111356% 41,300,676.61 48,776,166.38 27 FLT 1-year CMT Monthly 1 6.924% 2.142% 2.142% 7.364% 0.500% 0.360% (21) (19) (19) (19) (22) 9,682,700.11 91,306,950.00 CK2767 January 2022

16 Modified Term 0.0680111356% 226,403.99 226,403.99 28 FLT 1-year CMT Monthly 1 6.777% 2.000% 2.000% 7.180% 0.500% 0.360% (21) 2,012.00 2,012.00 32 (22) 2,036.33 445,000.00 CK2767 January 2022

16 Tenure 0.0680111356% 41,804.72 56,816.30 27 FLT 1-year CMT Monthly 1 7.027% 2.300% 2.300% 7.550% 0.500% 0.360% (21) 503.72 503.72 (20) 0.00 0.00 236,000.00 CK2767 January 202216 Modified Tenure 0.0680111356% 108,951.33 236,869.72 27 FLT 1-year CMT Monthly 1 7.147% 2.420% 2.420% 7.612% 0.500% 0.360% (21) 1,850.00 1,850.00 (20) (22) 203,222.64 814,000.00 CK2767 January 2022

16 Line of Credit 0.0256546245% 167,214,167.96 195,592,852.66 25 FLT 1-year CMT Monthly 1 6.859% 2.062% 2.062% 7.741% 0.500% 0.360% (21) (19) (19) (19) (22) 32,839,411.60 364,477,200.00 CK2783 March 2022

16 Modified Term 0.0256546245% 2,930,791.88 2,930,791.88 25 FLT 1-year CMT Monthly 1 6.783% 2.000% 2.000% 7.657% 0.500% 0.360% (21) 42,286.71 46,652.59 55 (22) 1,695,743.94 11,790,050.00 CK2783 March 2022

16 Tenure 0.0256546245% 755,162.20 932,484.46 26 FLT 1-year CMT Monthly 1 6.994% 2.198% 2.198% 7.779% 0.500% 0.360% (21) 6,345.68 6,345.68 (20) 0.00 0.00 3,022,000.00 CK2783 March 2022

16 Term 0.0256546245% 846,577.68 1,061,983.31 25 FLT 1-year CMT Monthly 1 6.764% 1.983% 1.983% 7.656% 0.500% 0.360% (21) 7,777.27 7,777.27 98 0.00 0.00 2,792,000.00 CK2783 March 202216 Modified Tenure 0.0256546245% 1,018,604.08 1,317,406.10 25 FLT 1-year CMT Monthly 1 6.880% 2.109% 2.109% 7.733% 0.500% 0.360% (21) 6,024.05 6,024.05 (20) (22) 516,785.78 3,918,000.00 CK2783 March 2022

16 Line of Credit 0.0631656839% 41,613,654.11 47,087,394.91 23 FLT 1-year CMT Monthly 1 6.814% 2.031% 2.031% 8.788% 0.500% 0.360% (21) (19) (19) (19) (22) 9,865,422.00 95,023,775.00 CK2810 May 2022

16 Modified Term 0.0631656839% 535,636.25 535,636.25 23 FLT 1-year CMT Monthly 1 7.043% 2.241% 2.241% 8.930% 0.500% 0.360% (21) 5,066.47 5,066.47 133 (22) 212,323.06 2,090,000.00 CK2810 May 2022

16 Tenure 0.0631656839% 19,452.43 55,263.02 23 FLT 1-year CMT Monthly 1 7.154% 2.380% 2.380% 9.190% 0.500% 0.360% (21) 1,498.24 1,498.24 (20) 0.00 0.00 545,000.00 CK2810 May 2022

16 Modified Tenure 0.0631656839% 335,871.01 590,123.36 23 FLT 1-year CMT Monthly 1 6.982% 2.222% 2.222% 9.032% 0.500% 0.360% (21) 3,600.00 3,600.00 (20) (22) 368,777.11 1,889,000.00 CK2810 May 2022

16 Line of Credit 26.6408416133% 18,768,421.73 21,814,078.19 19 FLT 1-year CMT Monthly 1 7.064% 2.316% 2.316% 10.383% 0.500% 0.360% (21) (19) (19) (19) (22) 4,553,813.13 48,326,265.00 CL8204 September 2022

16 Modified Term 26.6408416133% 502,550.93 502,550.93 19 FLT 1-year CMT Monthly 1 6.876% 2.129% 2.129% 10.209% 0.500% 0.360% (21) 5,012.24 5,012.24 115 (22) 63,281.28 2,032,000.00 CL8204 September 2022

16 Tenure 26.6408416133% 130,864.02 145,567.35 19 FLT 1-year CMT Monthly 1 6.877% 2.130% 2.130% 10.250% 0.500% 0.360% (21) 722.64 722.64 (20) 0.00 0.00 375,000.00 CL8204 September 202216 Term 26.6408416133% 82,367.03 137,853.68 20 FLT 1-year CMT Monthly 1 6.997% 2.250% 2.250% 10.360% 0.500% 0.360% (21) 2,720.61 2,720.61 100 0.00 0.00 721,000.00 CL8204 September 202216 Line of Credit 0.0575765065% 33,578,348.49 37,000,696.96 24 FLT 1-year CMT Monthly 1 7.089% 2.328% 2.328% 8.520% 0.500% 0.360% (21) (19) (19) (19) (22) 4,544,419.41 67,355,060.00 CM9948 April 202216 Modified Term 0.0575765065% 155,627.40 155,627.40 24 FLT 1-year CMT Monthly 1 6.763% 2.000% 2.000% 8.150% 0.500% 0.360% (21) (23) (23) (23) (22) 167,236.39 560,000.00 CM9948 April 2022

16 Tenure 0.0575765065% 614,999.70 672,462.25 24 FLT 1-year CMT Monthly 1 6.942% 2.193% 2.193% 8.415% 0.500% 0.360% (21) 1,420.42 1,420.42 (20) 0.00 0.00 1,536,000.00 CM9948 April 202216 Term 0.0575765065% 141,828.41 161,023.06 24 FLT 1-year CMT Monthly 1 6.883% 2.130% 2.130% 8.430% 0.500% 0.360% (21) 680.08 680.08 16 0.00 0.00 282,000.00 CM9948 April 202216 Line of Credit 2.5161350946% 30,643,947.93 35,976,618.59 20 FLT 1-year CMT Monthly 1 6.956% 2.185% 2.185% 10.028% 0.500% 0.360% (21) (19) (19) (19) (22) 9,299,184.39 81,160,035.00 CP1819 August 2022

16 Modified Term 2.5161350946% 277,999.37 277,999.37 20 FLT 1-year CMT Monthly 1 7.089% 2.318% 2.318% 10.118% 0.500% 0.360% (21) 4,431.25 4,500.00 134 (22) 29,180.91 2,102,000.00 CP1819 August 2022

16 Modified Tenure 2.5161350946% 336,750.68 410,598.44 21 FLT 1-year CMT Monthly 1 7.228% 2.452% 2.452% 10.235% 0.500% 0.360% (21) 1,788.52 1,788.52 (20) (22) 220,176.91 1,517,000.00 CP1819 August 202216 Line of Credit 21.4716030212% 608,340.42 608,773.92 2 FLT 1-year CMT Monthly 1 7.211% 2.411% 2.411% 12.229% 0.500% 0.360% (21) (19) (19) (19) 0.00 389,151.93 2,854,300.00 CQ7928 February 2024

16 Line of Credit 42.9730802431% 557,383.50 57,792,720.18 19 FLT 1-year CMT Monthly 1 7.125% 2.326% 2.326% 10.438% 0.500% 0.360% (21) (19) (19) (19) (22) 10,428,099.34 121,809,816.00 CQ7929 February 202416 Modified Term 42.9730802431% 36,719.12 36,719.12 7 FLT 1-year CMT Monthly 1 6.797% 1.998% 1.998% 11.772% 0.500% 0.360% (21) 28,193.10 28,193.10 26 0.00 701,140.93 3,319,300.00 CQ7929 February 2024

16 Term 42.9730802431% 8,995.89 461,410.08 25 FLT 1-year CMT Monthly 1 6.726% 1.927% 1.927% 8.387% 0.500% 0.360% (21) 4,141.38 4,141.38 67 0.00 0.00 1,204,000.00 CQ7929 February 2024

16 Modified Tenure 42.9730802431% 8,618.38 311,273.81 12 FLT 1-year CMT Monthly 1 7.029% 2.230% 2.230% 11.855% 0.500% 0.360% (21) 3,459.88 3,459.88 (20) 0.00 175,652.33 1,650,000.00 CQ7929 February 2024

16 Line of Credit 5.7550231146% 1,393,673.88 48,936,005.45 22 FLT 1-year CMT Monthly 1 6.855% 2.079% 2.079% 9.469% 0.500% 0.360% (21) (19) (19) (19) (22) 10,765,273.77 102,164,675.00 CY7288 January 2024

16 Modified Term 5.7550231146% 25,217.20 25,217.20 18 FLT 1-year CMT Monthly 1 7.400% 2.630% 2.630% 11.110% 0.500% 0.360% (21) 1,300.00 1,300.00 102 (22) 139,060.77 775,000.00 CY7288 January 2024

16 Tenure 5.7550231146% 2,834.40 52,423.81 15 FLT 1-year CMT Monthly 1 7.400% 2.630% 2.630% 12.360% 0.500% 0.360% (21) 79.39 79.39 (20) 0.00 0.00 185,000.00 CY7288 January 2024

16 Line of Credit 5.7550022481% 20,318,003.80 20,438,842.12 2 FLT 1-year CMT Monthly 1 7.346% 2.557% 2.557% 12.374% 0.500% 0.360% (21) (19) (19) (19) 3,342,564.31 11,294,968.92 75,234,500.00 CZ0843 February 2024

16 Modified Tenure 5.7550022481% 101,938.18 101,938.18 3 FLT 1-year CMT Monthly 1 7.507% 2.650% 2.650% 12.660% 0.500% 0.360% (21) 2,503.00 2,503.00 (20) 165,444.53 201,090.09 1,080,000.00 CZ0843 February 2024

16 Line of Credit 14.8950400949% 4,570,217.32 1,976,698,392.73 29 FLT 1-year CMT Monthly 1 6.845% 2.052% 2.052% 7.435% 0.500% 0.360% (21) (19) (19) (19) (22) 324,661,933.05 3,552,265,386.00 CZ2281 February 2024

16 Modified Term 14.8950400949% 270,081.91 270,081.91 29 FLT 1-year CMT Monthly 1 7.044% 2.251% 2.251% 7.650% 0.500% 0.360% (21) 240,075.43 241,480.45 55 (22) 8,907,434.84 73,321,175.00 CZ2281 February 2024

16 Tenure 14.8950400949% 34,995.25 6,156,216.15 29 FLT 1-year CMT Monthly 1 7.031% 2.234% 2.234% 7.629% 0.500% 0.360% (21) 30,407.61 30,480.17 (20) 0.00 0.00 16,361,000.00 CZ2281 February 2024

16 Term 14.8950400949% 23,593.15 2,852,799.08 29 FLT 1-year CMT Monthly 1 6.785% 1.989% 1.989% 7.226% 0.500% 0.360% (21) 20,475.61 21,472.58 101 0.00 0.00 7,076,975.00 CZ2281 February 2024

16 Modified Tenure 14.8950400949% 90,641.94 10,776,575.37 28 FLT 1-year CMT Monthly 1 6.916% 2.121% 2.121% 7.580% 0.500% 0.360% (21) 73,311.69 73,311.69 (20) (22) 5,272,745.41 33,438,450.00 CZ2281 February 2024

16 Line of Credit 26.6409805268% 303,742.65 90,905,400.63 32 FLT 1-year CMT Annually 7 6.263% 2.299% 2.299% 11.026% 0.500% 0.360% (21) (19) (19) (19) (22) 25,515,891.41 187,162,424.00 CZ4337 February 2024

16 Modified Term 26.6409805268% 57,708.96 57,708.96 27 FLT 1-year CMT Annually 8 6.801% 2.382% 2.382% 11.564% 0.500% 0.360% (21) 51,408.74 51,408.74 74 (22) 1,799,357.89 15,008,000.00 CZ4337 February 2024

16 Tenure 26.6409805268% 2,758.67 303,641.45 22 FLT 1-year CMT Annually 8 6.698% 2.436% 2.436% 11.461% 0.500% 0.360% (21) 2,544.05 2,544.05 (20) 0.00 0.00 1,245,000.00 CZ4337 February 2024

16 Term 26.6409805268% 3,391.42 429,168.19 36 FLT 1-year CMT Annually 9 6.560% 2.446% 2.446% 11.323% 0.500% 0.360% (21) 1,388.07 1,388.07 69 0.00 0.00 865,000.00 CZ4337 February 2024

16 Modified Tenure 26.6409805268% 8,281.95 610,137.88 30 FLT 1-year CMT Annually 7 6.348% 2.312% 2.312% 11.111% 0.500% 0.360% (21) 5,950.00 5,950.00 (20) (22) 576,270.29 2,568,500.00 CZ4337 February 2024

16 Line of Credit 21.4716184115% 12,404,219.22 12,489,070.46 2 FLT 1-year CMT Monthly 1 7.028% 2.278% 2.278% 12.085% 0.500% 0.360% (21) (19) (19) (19) 367,623.38 2,213,568.17 30,261,625.00 DA4453 February 2024

16 Modified Term 21.4716184115% 143,663.47 143,663.47 2 FLT 1-year CMT Monthly 1 6.988% 2.247% 2.247% 12.040% 0.500% 0.360% (21) 3,300.00 3,300.00 108 54,606.79 55,300.74 953,000.00 DA4453 February 2024

16 Modified Tenure 21.4716184115% 225,308.82 229,492.71 2 FLT 1-year CMT Monthly 1 7.146% 2.422% 2.422% 12.198% 0.500% 0.360% (21) 4,000.00 4,000.00 (20) 293,096.43 339,938.00 2,041,825.00 DA4453 February 2024

A-5
 
A-6
 

ApproxiApproxi- mate ApproxiApproxi- Approxi- mate Weighted Approxi- mate

Approxi- mate mate Approxi- Weighted Average Approxi- mate Weighted

mate Weighted Weighted mate Average Gross mate Weighted Average

Weighted Average Average Weighted Gross Lifetime Weighted Average Initial Subsequent Remaining Initial HECM

HECM MBS Average HECM Next Rate Gross Average Lifetime Interest Average Servicing Monthly Monthly Monthly Draw Available Available Maximum MBS

Percentage of Principal HECM Loan HECM Age Interest Rate Reset Reset Interest Gross Interest Rate MIP Fee Servicing Scheduled Scheduled Term (in Line of Line of Claim Pool Issue

Group Payment Plan Pool in Trust Balance(2) Balance (in months)(3) Type Index Frequency(4) Month(5) Rate(6) Margin(7) Rate Floor(8) Cap(9) Fee(10) Margin(11) Fee(12) Draw(13) Draw(14) months)(15) Credit(16) Credit(17) Amount(18) Number Date

16 Line of Credit 26.6408128784% $ 954,692.37 $ 40,438,996.96 19 FLT 1-year CMT Monthly 1 6.918% 2.156% 2.156% 10.150% 0.500% 0.360% (21) (19) (19) (19) (22) $ 10,059,551.80 $ 86,989,225.00 DA4458 February 202416 Modified Term 26.6408128784% 2,969.56 2,969.56 23 FLT 1-year CMT Monthly 1 7.115% 2.355% 2.355% 9.416% 0.500% 0.360% (21) $ 13,670.00 $ 13,670.00 11 (22) 126,984.84 752,000.00 DA4458 February 202416 Modified Tenure 26.6408128784% 26,098.48 561,202.65 14 FLT 1-year CMT Monthly 1 7.459% 2.692% 2.692% 12.581% 0.500% 0.360% (21) 4,000.00 4,000.00 (20) (22) 582,789.21 2,597,000.00 DA4458 February 2024

(1) The information in this Exhibit A is provided by the Sponsor as of March 1, 2024. It is based on information regarding the HECM MBS, the related Participations and the HECMs related to

the Participations underlying the Group 1, 2 and 5 through 16 HECM MBS or Ginnie Mae Platinum Certificate backed by HECM MBS Trust Assets. All weighted averages provided in this

Exhibit A are weighted based on the outstanding principal amounts of the Participations underlying the related HECM MBS or Ginnie Mae Platinum Certificate backed by HECM MBS for

such payment plan as of March 1, 2024. The information shown in this Exhibit A is for 100% of the relevant pool; however, the Trust Assets will include only the portion of each pool listed

under the column heading “Percentage of Pool in Trust.”

(2) The HECM MBS Principal Balance is the sum of the outstanding principal amounts of the Participations underlying the related by HECM MBS or Ginnie Mae Platinum Certificate backed by

HECM MBS for such payment plan as of March 1, 2024.

(3) The Approximate Weighted Average HECM Age (in months) is the weighted average age of the HECMs related to the Participations underlying the related HECM MBS or Ginnie Mae Platinum Certificate backed by HECM MBS for such payment plan as of March 1, 2024.

(4) The Rate Reset Frequency is a period, whether annually or monthly, that the interest rate of each adjustable rate HECM resets under the interest rate formula and HECM loan documents

applicable to each adjustable rate HECM.

(5) The Approximate Weighted Average Next Rate Reset Month is the weighted average number of months until the interest rate of each adjustable rate HECM resets under the interest rate formula and HECM loan documents applicable to each adjustable rate HECM. For example, an entry of “1” signifies that the Approximate Weighted Average Next Rate Reset Month for the

adjustable rate HECM’s rate is the first day of April 2024.

(6) The Approximate Weighted Average Gross Interest Rate is the weighted average of the gross interest rates of the HECMs related to the Participations underlying the related HECM MBS or

Ginnie Mae Platinum Certificate backed by HECM MBS for such payment plan as of March 1, 2024.

(7) The Approximate Weighted Average Gross Margin is the weighted average of the gross margins of the adjustable rate HECMs related to the Participations underlying the related HECM MBS

or Ginnie Mae Platinum Certificate backed by HECM MBS for such payment plan as of March 1, 2024.

(8) The Approximate Weighted Average Gross Lifetime Interest Rate Floor is the weighted average of the lowest interest rates possible based on the interest rate formula and HECM loan documents applicable to the adjustable rate HECMs related to the Participations underlying the related HECM MBS for such payment plan as of March 1, 2024.

(9) The Approximate Weighted Average Gross Lifetime Interest Rate Cap is the weighted average of the maximum interest rates possible based on the interest rate formula and HECM loan

documents applicable to the adjustable rate HECMs related to the Participations underlying the related HECM MBS for such payment plan as of March 1, 2024.

(10) The Approximate Weighted Average MIP Fee is the weighted average of the MIP Fees of the HECMs related to the Participations underlying the related HECM MBS or Ginnie Mae Platinum Certificate backed by HECM MBS for such payment plan as of March 1, 2024. The MIP Fee is charged for FHA mortgage insurance. The MIP Fee is the monthly mortgage insurance

premium (“MIP”) that accrues on each HECM.

(11) The Approximate Weighted Average Servicing Fee Margin is the weighted average of the Servicing Fee Margins of the HECMs related to the Participations underlying the related HECM

MBS or Ginnie Mae Platinum Certificate backed by HECM MBS for such payment plan as of March 1, 2024. The Servicing Fee Margin represents (together with the Monthly Servicing Fee,

if any) the amount of the servicing compensation payable to the Issuer to cover the Issuer’s servicing costs. The Servicing Fee Margin includes the Guaranty Fee charged by Ginnie Mae for

the HECM MBS or Ginnie Mae Platinum Certificate backed by HECM MBS guaranty at the annual rate of 0.06% and a participation agent fee, if any. The Approximate Weighted Average

Servicing Fee Margin is included in the rates shown in the columns for Approximate Weighted Average Gross Interest Rate, Approximate Weighted Average Gross Margin, Approximate

Weighted Average Gross Lifetime Interest Rate Floor and Approximate Weighted Average Gross Lifetime Interest Rate Cap.

(12) The Monthly Servicing Fee is the aggregate monthly servicing fee payable to the Issuer if the full amount of the servicing cost is not included in the HECM interest rate and is in addition

to the Servicing Fee Margin.
(13) The Initial Monthly Scheduled Draw is the aggregate monthly amount that is payable to borrowers in a given month under certain types of payment plans during the first twelve month disbursement period.

(14) The Subsequent Monthly Scheduled Draw is the aggregate monthly amount that is payable to borrowers in a given month under certain types of payment plans after the first twelve month

disbursement period.

(15) The Approximate Weighted Average Remaining Draw Term (in months) is the weighted average of the remaining draw terms of the HECMs related to the Participations underlying the

related HECM MBS or Ginnie Mae Platinum Certificate backed by HECM MBS for such payment plan. The remaining draw term represents the number of months over which a borrower

with a term or modified term payment plan will receive Monthly Scheduled Draws as of March 1, 2024.

(16) The Initial Available Line of Credit is the aggregate of the lines of credit available to borrowers under the Modified Term, Modified Tenure and Line of Credit payment plans during the first

twelve month disbursement period. The Initial Available Line of Credit does not include set asides for the Monthly Servicing Fee, if any, property charges (such as taxes, hazard insurance,

ground rents or assessments) or repairs, if any.

(17) The Available Line of Credit is the aggregate of the lines of credit available to borrowers under the Modified Term, Modified Tenure and Line of Credit payment plans during the lives of

their related HECMs. The Available Line of Credit does not include set asides for the Monthly Servicing Fee, if any, property charges (such as taxes, hazard insurance, ground rents or

assessments) or repairs, if any.

(18) The sum of the applicable Maximum Claim Amounts with respect to each HECM.

(19) These HECMs do not have draw terms or monthly scheduled draws.(20) Borrowers who select tenure or modified tenure payment plans have a right to receive monthly draws for their tenure in the property.

(21) These HECMs do not have a flat Monthly Servicing Fee in addition to the Servicing Fee Margin.

(22) These HECMs are not subject to restrictions on the amount of the Available Line of Credit available to borrowers during the first twelve month disbursement period.

(23) The draw terms for these HECMs have expired.

(24) Platinum Pool

The actual HECM ages, gross interest rates, gross margins, gross lifetime interest rate floors, gross lifetime interest rate caps, MIP Fees, Servicing Fee Margins and remaining draw terms of

many of the HECMs related to the Participations underlying the Trust Assets will differ from the approximate weighted averages shown above, perhaps significantly. See “The Trust Assets — The

Participations and the HECMs” in this Supplement.

A-7
 
5

10

15

20

25

30

35

40

Exhibit B

CPR Percentage in Effect by HECM Age

HECM Age (in months) CPR (%)

1 ......................................................... 0.00000
 

2 ......................................................... 0.54545
 

3 ......................................................... 1.09091
 

4 ......................................................... 1.63636
 

......................................................... 2.18182
 

6 ......................................................... 2.72727
 

7 ......................................................... 3.27273
 

8 ......................................................... 3.81818
 

9 ......................................................... 4.36364
 

........................................................ 4.90909
 

11 ........................................................ 5.45455
 

12 ........................................................ 6.00000
 

13 ........................................................ 6.29167
 

14 ........................................................ 6.58333
 

........................................................ 6.87500
 

16 ........................................................ 7.16667
 

17 ........................................................ 7.45833
 

18 ........................................................ 7.75000
 

19 ........................................................ 8.04167
 

........................................................ 8.33333
 

21 ........................................................ 8.62500
 

22 ........................................................ 8.91667
 

23 ........................................................ 9.20833
 

24 ........................................................ 9.50000
 

........................................................ 9.66667
 

26 ........................................................ 9.83333
 

27 ........................................................ 10.00000
 

28 ........................................................ 10.16667
 

29 ........................................................ 10.33333
 

........................................................ 10.50000
 

31 ........................................................ 10.66667
 

32 ........................................................ 10.83333
 

33 ........................................................ 11.00000
 

34 ........................................................ 11.16667
 

........................................................ 11.33333
 

36 ........................................................ 11.50000
 

37 ........................................................ 11.66667
 

38 ........................................................ 11.83333
 

39 ........................................................ 12.00000
 

........................................................ 12.16667
 

B-1
HECM Age (in months) CPR (%)

41 ........................................................ 12.33333
 

42 ........................................................ 12.50000
 

43 ........................................................ 12.66667
 

44 ........................................................ 12.83333
 

45 ........................................................ 13.00000
 

46 ........................................................ 13.16667
 

47 ........................................................ 13.33333
 

48 ........................................................ 13.50000
 

49 ........................................................ 13.62240
 

50 ........................................................ 13.74479
 

51 ........................................................ 13.86719
 

52 ........................................................ 13.98958
 

53 ........................................................ 14.11198
 

54 ........................................................ 14.23438
 

55 ........................................................ 14.35677
 

56 ........................................................ 14.47917
 

57 ........................................................ 14.60156
 

58 ........................................................ 14.72396
 

59 ........................................................ 14.84635
 

60 ........................................................ 14.96875
 

61 ........................................................ 15.09115
 

62 ........................................................ 15.21354
 

63 ........................................................ 15.33594
 

64 ........................................................ 15.45833
 

65 ........................................................ 15.58073
 

66 ........................................................ 15.70313
 

67 ........................................................ 15.82552
 

68 ........................................................ 15.94792
 

69 ........................................................ 16.07031
 

70 ........................................................ 16.19271
 

71 ........................................................ 16.31510
 

72 ........................................................ 16.43750
 

73 ........................................................ 16.55990
 

74 ........................................................ 16.68229
 

75 ........................................................ 16.80469
 

76 ........................................................ 16.92708
 

77 ........................................................ 17.04948
 

78 ........................................................ 17.17188
 

79 ........................................................ 17.29427
 

80 ........................................................ 17.41667
 

81 ........................................................ 17.53906
 

82 ........................................................ 17.66146
 

83 ........................................................ 17.78385
 

B-2
HECM Age (in months) CPR (%)

84 ........................................................ 17.90625
 

85 ........................................................ 18.02865
 

86 ........................................................ 18.15104
 

87 ........................................................ 18.27344
 

88 ........................................................ 18.39583
 

89 ........................................................ 18.51823
 

90 ........................................................ 18.64063
 

91 ........................................................ 18.76302
 

92 ........................................................ 18.88542
 

93 ........................................................ 19.00781
 

94 ........................................................ 19.13021
 

95 ........................................................ 19.25260
 

96 ........................................................ 19.37500
 

97 ........................................................ 19.49740
 

98 ........................................................ 19.61979
 

99 ........................................................ 19.74219
 

100 ....................................................... 19.86458
 

101 ....................................................... 19.98698
 

102 ....................................................... 20.10938
 

103 ....................................................... 20.23177
 

104 ....................................................... 20.35417
 

105 ....................................................... 20.47656
 

106 ....................................................... 20.59896
 

107 ....................................................... 20.72135
 

108 ....................................................... 20.84375
 

109 ....................................................... 20.96615
 

110 ....................................................... 21.08854
 

111 ....................................................... 21.21094
 

112 ....................................................... 21.33333
 

113 ....................................................... 21.45573
 

114 ....................................................... 21.57813
 

115 ....................................................... 21.70052
 

116 ....................................................... 21.82292
 

117 ....................................................... 21.94531
 

118 ....................................................... 22.06771
 

119 ....................................................... 22.19010
 

120 ....................................................... 22.31250
 

121 ....................................................... 22.43490
 

122 ....................................................... 22.55729
 

123 ....................................................... 22.67969
 

124 ....................................................... 22.80208
 

125 ....................................................... 22.92448
 

126 ....................................................... 23.04688
 

B-3
HECM Age (in months) CPR (%)

127 ....................................................... 23.16927

128 ....................................................... 23.29167

129 ....................................................... 23.41406

130 ....................................................... 23.53646

131 ....................................................... 23.65885

132 ....................................................... 23.78125

133 ....................................................... 23.90365

134 ....................................................... 24.02604

135 ....................................................... 24.14844

136 ....................................................... 24.27083

137 ....................................................... 24.39323

138 ....................................................... 24.51563

139 ....................................................... 24.63802

140 ....................................................... 24.76042

141 ....................................................... 24.88281

142 ....................................................... 25.00521

143 ....................................................... 25.12760

144 ....................................................... 25.25000

145 ....................................................... 25.37240

146 ....................................................... 25.49479

147 ....................................................... 25.61719

148 ....................................................... 25.73958

149 ....................................................... 25.86198

150 ....................................................... 25.98438

151 ....................................................... 26.10677

152 ....................................................... 26.22917

153 ....................................................... 26.35156

154 ....................................................... 26.47396

155 ....................................................... 26.59635

156 ....................................................... 26.71875

157 ....................................................... 26.84115

158 ....................................................... 26.96354

159 ....................................................... 27.08594

160 ....................................................... 27.20833

161 ....................................................... 27.33073

162 ....................................................... 27.45313

163 ....................................................... 27.57552

164 ....................................................... 27.69792

165 ....................................................... 27.82031

166 ....................................................... 27.94271

167 ....................................................... 28.06510

168 ....................................................... 28.18750

169 ....................................................... 28.30990

B-4
HECM Age (in months) CPR (%)

170 ....................................................... 28.43229

171 ....................................................... 28.55469

172 ....................................................... 28.67708

173 ....................................................... 28.79948

174 ....................................................... 28.92188

175 ....................................................... 29.04427

176 ....................................................... 29.16667

177 ....................................................... 29.28906

178 ....................................................... 29.41146

179 ....................................................... 29.53385

180 ....................................................... 29.65625

181 ....................................................... 29.77865

182 ....................................................... 29.90104

183 ....................................................... 30.02344

184 ....................................................... 30.14583

185 ....................................................... 30.26823

186 ....................................................... 30.39063

187 ....................................................... 30.51302

188 ....................................................... 30.63542

189 ....................................................... 30.75781

190 ....................................................... 30.88021

191 ....................................................... 31.00260

192 ....................................................... 31.12500

193 ....................................................... 31.24740

194 ....................................................... 31.36979

195 ....................................................... 31.49219

196 ....................................................... 31.61458

197 ....................................................... 31.73698

198 ....................................................... 31.85938

199 ....................................................... 31.98177

200 ....................................................... 32.10417

201 ....................................................... 32.22656

202 ....................................................... 32.34896

203 ....................................................... 32.47135

204 ....................................................... 32.59375

205 ....................................................... 32.71615

206 ....................................................... 32.83854

207 ....................................................... 32.96094

208 ....................................................... 33.08333

209 ....................................................... 33.20573

210 ....................................................... 33.32813

211 ....................................................... 33.45052

212 ....................................................... 33.57292

B-5
HECM Age (in months) CPR (%)

213 ....................................................... 33.69531

214 ....................................................... 33.81771

215 ....................................................... 33.94010

216 ....................................................... 34.06250

217 ....................................................... 34.18490

218 ....................................................... 34.30729

219 ....................................................... 34.42969

220 ....................................................... 34.55208

221 ....................................................... 34.67448

222 ....................................................... 34.79688

223 ....................................................... 34.91927

224 ....................................................... 35.04167

225 ....................................................... 35.16406

226 ....................................................... 35.28646

227 ....................................................... 35.40885

228 ....................................................... 35.53125

229 ....................................................... 35.65365

230 ....................................................... 35.77604

231 ....................................................... 35.89844

232 ....................................................... 36.02083

233 ....................................................... 36.14323

234 ....................................................... 36.26563

235 ....................................................... 36.38802

236 ....................................................... 36.51042

237 ....................................................... 36.63281

238 ....................................................... 36.75521

239 ....................................................... 36.87760

240 ....................................................... 37.00000

241 ....................................................... 37.05000

242 ....................................................... 37.10000

243 ....................................................... 37.15000

244 ....................................................... 37.20000

245 ....................................................... 37.25000

246 ....................................................... 37.30000

247 ....................................................... 37.35000

248 ....................................................... 37.40000

249 ....................................................... 37.45000

250 ....................................................... 37.50000

251 ....................................................... 37.55000

252 ....................................................... 37.60000

253 ....................................................... 37.65000

254 ....................................................... 37.70000

255 ....................................................... 37.75000

B-6
HECM Age (in months) CPR (%)

256 ....................................................... 37.80000

257 ....................................................... 37.85000

258 ....................................................... 37.90000

259 ....................................................... 37.95000

260 ....................................................... 38.00000

261 ....................................................... 38.05000

262 ....................................................... 38.10000

263 ....................................................... 38.15000

264 ....................................................... 38.20000

265 ....................................................... 38.25000

266 ....................................................... 38.30000

267 ....................................................... 38.35000

268 ....................................................... 38.40000

269 ....................................................... 38.45000

270 ....................................................... 38.50000

271 ....................................................... 38.55000

272 ....................................................... 38.60000

273 ....................................................... 38.65000

274 ....................................................... 38.70000

275 ....................................................... 38.75000

276 ....................................................... 38.80000

277 ....................................................... 38.85000

278 ....................................................... 38.90000

279 ....................................................... 38.95000

280 ....................................................... 39.00000

281 ....................................................... 39.05000

282 ....................................................... 39.10000

283 ....................................................... 39.15000

284 ....................................................... 39.20000

285 ....................................................... 39.25000

286 ....................................................... 39.30000

287 ....................................................... 39.35000

288 ....................................................... 39.40000

289 ....................................................... 39.45000

290 ....................................................... 39.50000

291 ....................................................... 39.55000

292 ....................................................... 39.60000

293 ....................................................... 39.65000

294 ....................................................... 39.70000

295 ....................................................... 39.75000

296 ....................................................... 39.80000

297 ....................................................... 39.85000

298 ....................................................... 39.90000

B-7
HECM Age (in months) CPR (%)

299 ....................................................... 39.95000

300 ....................................................... 40.00000

301 ....................................................... 40.05000

302 ....................................................... 40.10000

303 ....................................................... 40.15000

304 ....................................................... 40.20000

305 ....................................................... 40.25000

306 ....................................................... 40.30000

307 ....................................................... 40.35000

308 ....................................................... 40.40000

309 ....................................................... 40.45000

310 ....................................................... 40.50000

311 ....................................................... 40.55000

312 ....................................................... 40.60000

313 ....................................................... 40.65000

314 ....................................................... 40.70000

315 ....................................................... 40.75000

316 ....................................................... 40.80000

317 ....................................................... 40.85000

318 ....................................................... 40.90000

319 ....................................................... 40.95000

320 ....................................................... 41.00000

321 ....................................................... 41.05000

322 ....................................................... 41.10000

323 ....................................................... 41.15000

324 ....................................................... 41.20000

325 ....................................................... 41.25000

326 ....................................................... 41.30000

327 ....................................................... 41.35000

328 ....................................................... 41.40000

329 ....................................................... 41.45000

330 ....................................................... 41.50000

331 ....................................................... 41.55000

332 ....................................................... 41.60000

333 ....................................................... 41.65000

334 ....................................................... 41.70000

335 ....................................................... 41.75000

336 ....................................................... 41.80000

337 ....................................................... 41.85000

338 ....................................................... 41.90000

339 ....................................................... 41.95000

340 ....................................................... 42.00000

341 ....................................................... 42.05000

B-8
HECM Age (in months) CPR (%)

342 ....................................................... 42.10000

343 ....................................................... 42.15000

344 ....................................................... 42.20000

345 ....................................................... 42.25000

346 ....................................................... 42.30000

347 ....................................................... 42.35000

348 ....................................................... 42.40000

349 ....................................................... 42.45000

350 ....................................................... 42.50000

351 ....................................................... 42.55000

352 ....................................................... 42.60000

353 ....................................................... 42.65000

354 ....................................................... 42.70000

355 ....................................................... 42.75000

356 ....................................................... 42.80000

357 ....................................................... 42.85000

358 ....................................................... 42.90000

359 ....................................................... 42.95000

360 and thereafter ............................................. 43.00000

B-9
Exhibit C

Draw Curve in Effect by HECM Age

Annualized

HECM Age (in months) Draw Rate (%)

1 ....................................................... 14.00000
 

2 ....................................................... 9.00000
 

3 ....................................................... 8.00000
 

4 ....................................................... 7.33333
 

5 ....................................................... 6.66667
 

6 ....................................................... 6.00000
 

7 ....................................................... 5.83333
 

8 ....................................................... 5.66667
 

9 ....................................................... 5.50000
 

10 ...................................................... 5.33333
 

11 ...................................................... 5.16667
 

12 ...................................................... 5.00000
 

13 ...................................................... 4.83333
 

14 ...................................................... 4.66667
 

15 ...................................................... 4.50000
 

16 ...................................................... 4.33333
 

17 ...................................................... 4.16667
 

18 ...................................................... 4.00000
 

19 ...................................................... 3.86111
 

20 ...................................................... 3.72222
 

21 ...................................................... 3.58333
 

22 ...................................................... 3.44444
 

23 ...................................................... 3.30556
 

24 ...................................................... 3.16667
 

25 ...................................................... 3.02778
 

26 ...................................................... 2.88889
 

27 ...................................................... 2.75000
 

28 ...................................................... 2.61111
 

29 ...................................................... 2.47222
 

30 ...................................................... 2.33333
 

31 ...................................................... 2.19444
 

32 ...................................................... 2.05556
 

33 ...................................................... 1.91667
 

34 ...................................................... 1.77778
 

35 ...................................................... 1.63889
 

36 ...................................................... 1.50000
 

37 ...................................................... 1.43750
 

38 ...................................................... 1.37500
 

39 ...................................................... 1.31250
 

40 ...................................................... 1.25000
 

C-1
Annualized

HECM Age (in months) Draw Rate (%)

41 ...................................................... 1.18750
 

42 ...................................................... 1.12500
 

43 ...................................................... 1.06250
 

44 ...................................................... 1.00000
 

45 ...................................................... 0.93750
 

46 ...................................................... 0.87500
 

47 ...................................................... 0.81250
 

48 ...................................................... 0.75000
 

49 ...................................................... 0.68750
 

50 ...................................................... 0.62500
 

51 ...................................................... 0.56250
 

52 ...................................................... 0.50000
 

53 ...................................................... 0.43750
 

54 ...................................................... 0.37500
 

55 ...................................................... 0.31250
 

56 ...................................................... 0.25000
 

57 ...................................................... 0.18750
 

58 ...................................................... 0.12500
 

59 ...................................................... 0.06250
 

60 and thereafter ............................................ 0.00000
 

C-2
Exhibit D

Underlying Certificates

Approximate Approximate

Weighted Weighted

Approximate Average Average

Trust Original Cumulative Gross HECM

Asset Final Class Underlying Deferred Principal Percentage Interest Age

Group or CUSIP Interest Interest Distribution Principal Principal Certificate Interest Balance in of Class Rate (in

Subgroup Issuer Series Class Issue Date Number Rate Type(1) Date Type(1) Balance Factor(2) Amount Trust(3) in Trust of HECMs(4) months)(4)

3A Ginnie Mae 2021-H05 GF March 30, 2021 38380QE40 (5) FLT/HWAC/HZ March 2071 HPT $97,543,101 0.77180227 N/A $2,315,407 3.0755634886% 7.201% 37

3B Ginnie Mae 2021-H06 FB April 30, 2021 38380QK50 (5) FLT/HWAC/HZ March 2071 HPT 22,526,521 0.88726817 N/A 2,661,804 13.3176356882 7.145 37

3C Ginnie Mae 2021-H06 GF April 30, 2021 38380QM66 (5) FLT/HWAC/HZ April 2071 HPT 64,808,790 0.73783597 N/A 2,213,508 4.6290017141 7.218 37

3D Ginnie Mae 2021-H08 QF(6) May 28, 2021 38380Q2J0 (5) FLT/HWAC/HZ May 2071 HPT 60,069,555 0.75954261 N/A 2,278,628 4.9942104615 (7) (7)

3E Ginnie Mae 2021-H09 HF June 30, 2021 38380Q5C2 (5) FLT/HWAC/HZ June 2071 HPT 44,177,162 0.92990988 N/A 7,938,369 19.3238035526 6.849 34

4 Ginnie Mae 2021-H09 HF June 30, 2021 38380Q5C2 (5) FLT/HWAC/HZ June 2071 HPT 44,177,162 0.92990988 N/A 5,750,927 13.9990703794 6.849 34

(1) As defined under “Class Types” in Appendix I to the Base Offering Circular.

(2) Underlying Certificate Factors are as of March 2024.(3) The Principal Balance in Trust was obtained using the current Class Principal Balance of the related Underlying Certificate from data provided to the

Sponsor by the participation agent as of March 1, 2024 instead of the truncated balance from ginniemae.gov.

(4) Based on information as of the first Business Day of March 2024.

(5) See “Terms Sheet — Interest Rates” in the Underlying Certificate Disclosure Document.

(6) MX Class.(7) Ginnie Mae 2021-H08 Class QF is an MX Class that is derived from REMIC Classes of separate Security Groups, which are backed by certain mortgage

loans whose approximate weighted average characteristics are as follows:

Approximate Approximate

Weighted Weighted

Average Gross Average

Trust Asset Interest Rate HECM Age

Series Group of HECMs(4) (in months)(4)

2021-H08 6 6.948% 352021-H08 7 7.118 36

D-1
 
Exhibit E

Updated Exhibit A

Assumed Characteristics of the HECMs and the Participations Underlying the Group 3 and 4 Trust Assets(1)

Approximate Approximate

Weighted Approximate Weighted Approximate

Approximate Average Approximate Weighted Average Approximate Weighted

Weighted Next Weighted Approximate Average Gross Approximate Weighted Average

Average Rate Average Weighted Gross Lifetime Weighted Average Initial Subsequent Remaining Initial HECM

Percentage HECM MBS HECM Age HECM Rate Reset Reset Gross Average Lifetime Interest Average Servicing Monthly Monthly Monthly Draw Term Available Available Maximum MBS

Group or of Pool in Principal HECM Loan (in months) Interest Frequency Month Interest Rate Gross Interest Rate Rate MIP Fee Servicing Scheduled Scheduled (in months) Line of Line Claim Pool Issue

Subgroup Payment Plan Trust Balance(2) Balance (3) Type Index (4) (5) (6) Margin(7) Floor(8) Cap(9) Fee(10) Margin(11) Fee(12) Draw(13) Draw(14) (15) Credit(16) of Credit(17) Amount(18) Number Date

3A Line of Credit 100% $ 8,083,015.62 $ 9,510,454.82 37 FLT 1-year CMT Monthly 1 7.105% 2.305% 2.305% 12.399% 0.500% 0.360% (21) (19) (19) (19) (22) $2,126,122.95 $17,407,875.00 CB0270 March 2021

3A Line of Credit 100% 7,125,574.64 8,674,319.59 37 FLT 1-year CMT Monthly 1 7.145% 2.345% 2.345% 12.423% 0.500% 0.360% (21) (19) (19) (19) (22) 1,801,871.53 15,170,000.00 CB0272 March 2021

3A Line of Credit 100% 7,706,680.67 9,089,236.75 38 FLT 1-year CMT Monthly 1 7.319% 2.519% 2.519% 12.625% 0.500% 0.360% (21) (19) (19) (19) (22) 1,796,244.05 16,162,502.00 CC1162 February 2021

3A Modified Term 100% 201,086.67 201,086.67 38 FLT 1-year CMT Monthly 1 7.040% 2.240% 2.240% 12.350% 0.500% 0.360% (21) $ 200.00 $ 200.00 28 (22) 10,540.12 370,000.00 CC1162 February 2021

3A Line of Credit 100% 14,885,456.25 17,742,749.31 37 FLT 1-year CMT Monthly 1 7.236% 2.436% 2.436% 12.529% 0.500% 0.360% (21) (19) (19) (19) (22) 2,607,458.15 30,100,380.00 CC1163 March 2021

3A Modified Term 100% 95,860.69 95,860.69 38 FLT 1-year CMT Monthly 1 7.300% 2.500% 2.500% 12.590% 0.500% 0.360% (21) 1,498.15 1,498.15 82 (22) 26.88 530,000.00 CC1163 March 2021

3A Modified Tenure 100% 44,661.77 100,704.94 38 FLT 1-year CMT Monthly 1 7.300% 2.500% 2.500% 12.600% 0.500% 0.360% (21) 500.00 500.00 (20) (22) 116,430.05 355,000.00 CC1163 March 2021

3A Line of Credit 100% 10,581,838.29 12,520,729.70 37 FLT 1-year CMT Monthly 1 7.181% 2.382% 2.382% 7.478% 0.500% 0.360% (21) (19) (19) (19) (22) 2,115,735.33 22,281,675.00 CC1168 March 2021

3A Modified Term 100% 65,021.16 65,021.16 38 FLT 1-year CMT Monthly 1 7.637% 2.837% 2.837% 7.941% 0.500% 0.360% (21) 2,650.00 3,193.18 102 (22) 56,486.79 520,000.00 CC1168 March 2021

3A Tenure 100% 49,313.88 111,608.20 37 FLT 1-year CMT Monthly 1 7.087% 2.287% 2.287% 7.371% 0.500% 0.360% (21) 1,576.70 1,576.70 (20) $0.00 0.00 528,000.00 CC1168 March 2021

3A Line of Credit 100% 12,439,116.84 14,759,600.40 38 FLT 1-year CMT Monthly 1 7.162% 2.362% 2.362% 7.463% 0.500% 0.360% (21) (19) (19) (19) (22) 1,705,580.68 24,691,200.00 CC1169 March 2021

3A Modified Term 100% 350,366.90 350,366.90 38 FLT 1-year CMT Monthly 1 7.550% 2.750% 2.750% 7.840% 0.500% 0.360% (21) 433.90 500.00 24 (22) 12,743.83 765,600.00 CC1169 March 2021

3A Term 100% 192,549.50 210,872.45 37 FLT 1-year CMT Monthly 1 7.425% 2.625% 2.625% 7.725% 0.500% 0.360% (21) 342.32 342.32 83 0.00 0.00 330,000.00 CC1169 March 2021

3A Modified Tenure 100% 13,969.51 33,851.63 39 FLT 1-year CMT Monthly 1 7.675% 2.875% 2.875% 7.965% 0.500% 0.360% (21) 500.00 500.00 (20) (22) 9,512.30 233,000.00 CC1169 March 2021

3A Tenure 100% 21,682.90 104,183.72 38 FLT 1-year CMT Monthly 1 8.425% 3.625% 3.625% 8.725% 0.500% 0.360% (21) 1,689.20 1,689.20 (20) 0.00 0.00 161,000.00 CC1169 March 2021

3A Line of Credit 100% 13,622,360.08 15,137,604.46 37 FLT 1-year CMT Monthly 1 7.214% 2.415% 2.415% 12.512% 0.500% 0.360% (21) (19) (19) (19) (22) 1,232,257.67 23,583,450.00 CC3973 March 2021

3A Tenure 100% 165,787.67 165,787.67 38 FLT 1-year CMT Monthly 1 7.674% 2.875% 2.875% 12.985% 0.500% 0.360% (21) 1,310.55 1,310.55 (20) 0.00 0.00 529,000.00 CC3973 March 2021

3B Line of Credit 100% 19,676,077.37 24,385,894.12 37 FLT 1-year CMT Monthly 1 7.145% 2.345% 2.345% 7.428% 0.500% 0.360% (21) (19) (19) (19) (22) 6,820,596.23 45,053,076.00 CC3970 March 2021

3B Modified Term 100% 359,452.68 359,452.68 37 FLT 1-year CMT Monthly 1 6.999% 2.199% 2.199% 7.269% 0.500% 0.360% (21) 839.43 2,250.00 148 (22) 442,661.97 1,513,600.00 CC3970 March 2021

3B Modified Tenure 100% 89,183.58 135,764.06 37 FLT 1-year CMT Monthly 1 7.675% 2.875% 2.875% 7.975% 0.500% 0.360% (21) 1,100.00 1,100.00 (20) (22) 81,617.64 557,000.00 CC3970 March 2021

3C Line of Credit 100% 18,034,402.55 20,497,493.43 36 FLT 1-year CMT Monthly 1 7.205% 2.405% 2.405% 12.481% 0.500% 0.360% (21) (19) (19) (19) (22) 2,257,482.52 34,217,826.00 CC9480 April 20213C Line of Credit 100% 12,518,211.81 15,140,069.52 37 FLT 1-year CMT Monthly 1 7.241% 2.441% 2.441% 7.522% 0.500% 0.360% (21) (19) (19) (19) (22) 3,027,052.73 27,211,175.00 CD0186 March 2021

3C Modified Term 100% 486,448.41 486,448.41 37 FLT 1-year CMT Monthly 1 6.818% 2.018% 2.018% 7.088% 0.500% 0.360% (21) 1,700.00 1,700.00 46 (22) 22.49 1,111,000.00 CD0186 March 2021

3C Tenure 100% 160,159.58 175,119.67 37 FLT 1-year CMT Monthly 1 7.050% 2.250% 2.250% 7.320% 0.500% 0.360% (21) 416.37 416.37 (20) 0.00 0.00 420,000.00 CD0186 March 2021

3C Line of Credit 100% 16,613,657.43 18,911,736.55 37 FLT 1-year CMT Monthly 1 7.227% 2.427% 2.427% 12.509% 0.500% 0.360% (21) (19) (19) (19) (22) 2,875,076.08 33,085,874.00 CD0191 March 2021

3C Term 100% 279,865.17 279,865.17 37 FLT 1-year CMT Monthly 1 7.175% 2.375% 2.375% 12.465% 0.500% 0.360% (21) 1,685.40 1,685.40 15 0.00 0.00 610,000.00 CD0191 March 2021

3C Modified Tenure 100% 15,849.60 43,727.22 37 FLT 1-year CMT Monthly 1 7.925% 3.125% 3.125% 13.215% 0.500% 0.360% (21) 700.00 700.00 (20) (22) 28,067.63 260,000.00 CD0191 March 2021

3D Line of Credit 100% 8,501,486.38 10,385,401.16 35 FLT 1-year CMT Monthly 1 6.933% 2.133% 2.133% 12.198% 0.500% 0.360% (21) (19) (19) (19) (22) 1,762,407.80 17,566,485.00 CC5166 May 2021

3D Line of Credit 100% 14,769,148.13 18,187,081.05 35 FLT 1-year CMT Monthly 1 6.927% 2.128% 2.128% 7.193% 0.500% 0.360% (21) (19) (19) (19) (22) 5,444,266.15 34,510,658.00 CC5167 May 2021

3D Modified Term 100% 512,597.41 512,597.41 35 FLT 1-year CMT Monthly 1 7.075% 2.275% 2.275% 7.336% 0.500% 0.360% (21) 5,950.00 5,950.00 161 (22) 54,332.05 2,245,000.00 CC5167 May 2021

3D Modified Tenure 100% 746,450.40 862,192.58 35 FLT 1-year CMT Monthly 1 7.268% 2.468% 2.468% 7.534% 0.500% 0.360% (21) 2,167.44 2,174.28 (20) (22) 249,180.31 2,069,750.00 CC5167 May 2021

3D Line of Credit 100% 21,407,459.43 23,744,186.10 36 FLT 1-year CMT Monthly 1 7.191% 2.391% 2.391% 12.468% 0.500% 0.360% (21) (19) (19) (19) (22) 2,641,724.64 38,750,815.00 CD5038 April 2021

3E Line of Credit 100% 8,256,578.80 9,136,130.74 35 FLT 1-year CMT Monthly 1 7.041% 2.241% 2.241% 7.303% 0.500% 0.360% (21) (19) (19) (19) (22) 1,760,701.17 16,710,282.00 CE1765 May 2021

3E Modified Tenure 100% 403,827.71 403,827.71 35 FLT 1-year CMT Monthly 1 7.300% 2.500% 2.500% 7.560% 0.500% 0.360% (21) 1,100.00 1,100.00 (20) (22) 155,133.44 1,157,375.00 CE1765 May 2021

3E Line of Credit 100% 15,406,844.25 18,769,433.27 34 FLT 1-year CMT Monthly 1 6.814% 2.014% 2.014% 7.074% 0.500% 0.360% (21) (19) (19) (19) (22) 4,052,448.64 35,949,875.00 CE1769 June 2021

3E Modified Term 100% 554,401.11 554,401.11 34 FLT 1-year CMT Monthly 1 6.455% 1.655% 1.655% 6.720% 0.500% 0.360% (21) 4,153.42 4,153.42 11 (22) 206,739.69 1,503,000.00 CE1769 June 2021

3E Modified Tenure 100% 318,983.09 344,181.12 34 FLT 1-year CMT Monthly 1 7.050% 2.250% 2.250% 7.300% 0.500% 0.360% (21) 500.00 500.00 (20) (22) 201,422.67 822,375.00 CE1769 June 2021

3E Line of Credit 100% 16,296,968.11 19,983,200.78 34 FLT 1-year CMT Monthly 1 6.784% 1.984% 1.984% 7.041% 0.500% 0.360% (21) (19) (19) (19) (22) 3,005,586.56 35,291,625.00 CE1770 June 2021

4 Line of Credit 100% 8,256,578.80 9,136,130.74 35 FLT 1-year CMT Monthly 1 7.041% 2.241% 2.241% 7.303% 0.500% 0.360% (21) (19) (19) (19) (22) 1,760,701.17 16,710,282.00 CE1765 May 2021

4 Modified Tenure 100% 403,827.71 403,827.71 35 FLT 1-year CMT Monthly 1 7.300% 2.500% 2.500% 7.560% 0.500% 0.360% (21) 1,100.00 1,100.00 (20) (22) 155,133.44 1,157,375.00 CE1765 May 2021

4 Line of Credit 100% 15,406,844.25 18,769,433.27 34 FLT 1-year CMT Monthly 1 6.814% 2.014% 2.014% 7.074% 0.500% 0.360% (21) (19) (19) (19) (22) 4,052,448.64 35,949,875.00 CE1769 June 2021

4 Modified Term 100% 554,401.11 554,401.11 34 FLT 1-year CMT Monthly 1 6.455% 1.655% 1.655% 6.720% 0.500% 0.360% (21) 4,153.42 4,153.42 11 (22) 206,739.69 1,503,000.00 CE1769 June 2021

4 Modified Tenure 100% 318,983.09 344,181.12 34 FLT 1-year CMT Monthly 1 7.050% 2.250% 2.250% 7.300% 0.500% 0.360% (21) 500.00 500.00 (20) (22) 201,422.67 822,375.00 CE1769 June 2021

4 Line of Credit 100% 16,296,968.11 19,983,200.78 34 FLT 1-year CMT Monthly 1 6.784% 1.984% 1.984% 7.041% 0.500% 0.360% (21) (19) (19) (19) (22) 3,005,586.56 35,291,625.00 CE1770 June 2021

E-1
 
(1) The information in this Updated Exhibit A is provided by the Sponsor as of March 1, 2024. It is based on information regarding the HECM MBS, the

related Participations and the HECMs related to the Participations underlying the Group 3 and 4 Trust Assets. All weighted averages provided in this

Updated Exhibit A are weighted based on the outstanding principal amounts of the Participations underlying the related HECM MBS for such payment plan as of March 1, 2024. The information shown in this Updated Exhibit A is for 100% of the relevant pool; however, the Group 3 and 4

securities are only entitled to the Group 3 and 4 Trust Assets.

(2) The HECM MBS Principal Balance is the sum of the outstanding principal amounts of the Participations underlying the related HECM MBS for such

payment plan as of March 1, 2024.

(3) The Approximate Weighted Average HECM Age (in months) is the weighted average age of the HECMs related to the Participations underlying the

related HECM MBS for such payment plan as of March 1, 2024.

(4) The Rate Reset Frequency is a period, whether annually or monthly, that the interest rate of each adjustable rate HECM resets under the interest rate

formula and HECM loan documents applicable to each adjustable rate HECM.

(5) The Approximate Weighted Average Next Rate Reset Month is the weighted average number of months until the interest rate of each adjustable rate

HECM resets under the interest rate formula and HECM loan documents applicable to each adjustable rate HECM. For example, an entry of “1” signifies that the Approximate Weighted Average Next Rate Reset Month for the adjustable rate HECM’s rate is the first day of April 2024.

(6) The Approximate Weighted Average Gross Interest Rate is the weighted average of the gross interest rates of the HECMs related to the Participations

underlying the related HECM MBS for such payment plan as of March 1, 2024.

(7) The Approximate Weighted Average Gross Margin is the weighted average of the gross margins of the adjustable rate HECMs related to the Participations underlying the related HECM MBS for such payment plan as of March 1, 2024.

(8) The Approximate Weighted Average Gross Lifetime Interest Rate Floor is the weighted average of the lowest interest rates possible based on the interest rate formula and HECM loan documents applicable to the adjustable rate HECMs related to the Participations underlying the related HECM MBS for

such payment plan as of March 1, 2024.

(9) The Approximate Weighted Average Gross Lifetime Interest Rate Cap is the weighted average of the maximum interest rates possible based on the

interest rate formula and HECM loan documents applicable to the adjustable rate HECMs related to the Participations underlying the related HECM

MBS for such payment plan as of March 1, 2024.

The Approximate Weighted Average MIP Fee is the weighted average of the MIP Fees of the HECMs related to the Participations underlying the related (10)

HECM MBS for such payment plan as of March 1, 2024. The MIP Fee is charged for FHA mortgage insurance. The MIP Fee is the monthly mortgage

insurance premium (“MIP”) that accrues on each HECM.

The Approximate Weighted Average Servicing Fee Margin is the weighted average of the Servicing Fee Margins of the HECMs related to the Participa­ (11)

tions underlying the related HECM MBS for such payment plan as of March 1, 2024. The Servicing Fee Margin represents (together with the Monthly

Servicing Fee, if any) the amount of the servicing compensation payable to the Issuer to cover the Issuer’s servicing costs. The Servicing Fee Margin

E-2
 
includes the Guaranty Fee charged by Ginnie Mae for the HECM MBS guaranty at the annual rate of 0.06% and a participation agent fee, if any. The

Approximate Weighted Average Servicing Fee Margin is included in the rates shown in the columns for Approximate Weighted Average Gross InterestRate, Approximate Weighted Average Gross Margin, Approximate Weighted Average Gross Lifetime Interest Rate Floor and Approximate Weighted

Average Gross Lifetime Interest Rate Cap.

The Monthly Servicing Fee is the aggregate monthly servicing fee payable to the Issuer if the full amount of the servicing cost is not included in the (12)

HECM interest rate and is in addition to the Servicing Fee Margin.

The Initial Monthly Scheduled Draw is the aggregate monthly amount that is payable to borrowers in a given month under certain types of payment (13)

plans during the first twelve month disbursement period.

The Subsequent Monthly Scheduled Draw is the aggregate monthly amount that is payable to borrowers in a given month under certain types of pay­ (14)

ment plans after the first twelve month disbursement period.

The Approximate Weighted Average Remaining Draw Term (in months) is the weighted average of the remaining draw terms of the HECMs related to (15)

the Participations underlying the related HECM MBS for such payment plan. The remaining draw term represents the number of months over which a

borrower with a term or modified term payment plan will receive Monthly Scheduled Draws as of March 1, 2024.

The Initial Available Line of Credit is the aggregate of the lines of credit available to borrowers under the Modified Term, Modified Tenure and Line of (16)

Credit payment plans during the first twelve month disbursement period. The Initial Available Line of Credit does not include set asides for the Monthly

Servicing Fee, if any, property charges (such as taxes, hazard insurance, ground rents or assessments) or repairs, if any.

The Available Line of Credit is the aggregate of the lines of credit available to borrowers under the Modified Term, Modified Tenure and Line of Credit (17)

payment plans during the lives of their related HECMs. The Available Line of Credit does not include set asides for the Monthly Servicing Fee, if any,

property charges (such as taxes, hazard insurance, ground rents or assessments) or repairs, if any.

The sum of the applicable Maximum Claim Amounts with respect to each HECM. (18)

These HECMs do not have draw terms or monthly scheduled draws. (19)

Borrowers who select tenure or modified tenure payment plans have a right to receive monthly draws for their tenure in the property. (20)

These HECMs do not have a flat Monthly Servicing Fee in addition to the Servicing Fee Margin. (21)

The Lines of Credit related to these HECMs are fully drawn. (22)

The actual HECM ages, gross interest rates, gross margins, gross lifetime interest rate floors, gross lifetime interest rate caps, MIP Fees, Servicing Fee

Margins and remaining draw terms of many of the HECMs related to the Participations underlying the Group 3 and 4 Trust Assets will differ from the

approximate weighted averages shown above, perhaps significantly. See “The Trust Assets — The Participations” in this Supplement.

E-3
 
$336,472,373
 

Government National
 

Mortgage Association
 

GINNIE MAE®

Guaranteed HECM MBS REMIC
 

Pass-Through Securities
 

and MX Securities
 

Ginnie Mae REMIC Trust 2024-H05
 

OFFERING CIRCULAR SUPPLEMENT
 

March 22, 2024
 

Citigroup
 

Academy Securities, Inc.