Offering Circular Supplement

(To Base Offering Circular dated July 1, 2023)

$306,466,240

Government National Mortgage Association

GINNIE MAE@

Guaranteed HECM MBS REMIC Pass-Through Securities

and MX Securities

Ginnie Mae REMIC Trust 2024-H04

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 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-13 which highlights

some of these risks.

The Sponsor and the Co-Sponsor

will offer the securities from time to

time in negotiated transactions at

Class of

REMIC Securities

Original

Principal

Balance(2)

Interest

Rate

Principal

Type(3)

Interest

Type(3)

CUSIP

Number

Final

Distribution

Date(4)

Security Group 1

AI ............. FA .............$63,047,741

63,047,741

(5)

(5)

NTL(HPT)

HPT

HWAC/IO/DLY

FLT/HWAC/HZ

38383KQS4

38383KQT2

February 2074

February 2074

Security Group 2

BI ..............

FB .............

79,663,274

79,663,274

(5)

(5)

NTL(SC/HPT)

SC/HPT

HWAC/IO/DLY

FLT/HWAC/HZ

38383KQU9

38383KQV7

May 2073

May 2073

Security Group 3

CF(1) ........... 14,558,748 (5) HPT FLT/HWAC/HZ 38383KQW5 February 2074

CI(1) ........... 44,558,748 (5) NTL(HPT) HWAC/IO/DLY 38383KQX3 February 2074

FC ............. 30,000,000 (5) HPT FLT/HWAC/HZ 38383KQY1 February 2074

Security Group 4

DI(1) ........... FD(1) ...........1,838,332

1,838,332

(5)

(5)

NTL(HPT)

HPT

HWAC/IO/DLY

FLT/HWAC/HZ

38383KQZ8

38383KRA2

March 2074

March 2074

Security Group 5

EI(1) ...........

FE .............

2,113,212

2,113,212

(5)

(5)

NTL(HPT)

HPT

HWAC/IO/DLY

FLT/HWAC/HZ

38383KRB0

38383KRC8

March 2074

March 2074

Security Group 6

FG ............. 3,000,000 (5) HPT FLT/HWAC/HZ 38383KRD6 March 2074

GF ............. 20,000,000 (5) HPT FLT/HWAC/HZ 38383KRE4 March 2074

GI(1) ........... 23,000,000 (5) NTL(HPT) HWAC/IO/DLY 38383KRF1 March 2074

Security Group 7

FH ............. 3,000,000 (5) HPT FLT/HWAC/HZ 38383KRG9 March 2074

FJ .............. 28,160,000 (5) HPT FLT/HWAC/HZ 38383KRH7 March 2074

HF ............. 15,000,000 (5) HPT FLT/HWAC/HZ 38383KRJ3 March 2074

HI(1) ........... 48,160,000 (5) NTL(HPT) HWAC/IO/DLY 38383KRL8 March 2074

JF .............. 2,000,000 (5) HPT FLT/HWAC/HZ 38383KRK0 March 2074

Security Group 8

FK .............

KI(1) ...........

25,015,203

25,015,203

(5)

(5)

HPT

NTL(HPT)

FLT/HWAC/HZ

HWAC/IO/DLY

38383KRM6

38383KRN4

March 2074

March 2074

Security Group 9

BA ............. 19,069,730 (5) SC/HPT HWAC/HZ/DLY 38383KRP9 March 2074

Residuals

RR1 ............ 0 0.00% NPR NPR 38383KRQ7 February 2074

RR2 ............ 0 0.00 NPR NPR 38383KRR5 May 2073

RR3 ............ 0 0.00 NPR NPR 38383KRS3 February 2074

RR4 ............ 0 0.00 NPR NPR 38383KRT1 March 2074

RR5 ............ 0 0.00 NPR NPR 38383KRU8 March 2074

RR6 ............ 0 0.00 NPR NPR 38383KRV6 March 2074

RR7 ............ 0 0.00 NPR NPR 38383KRW4 March 2074

RR8 ............ 0 0.00 NPR NPR 38383KRX2 March 2074

RR9 ............ 0 0.00 NPR NPR 38383KRY0 March 2074

varying prices. We expect the closing date to be March 28, 2024.

You should read the Base Offering

Circular as well as this Supplement.

The securities are exempt from

registration under the Securities Act

of 1933 and are “exempted securities” under the Securities

Exchange Act of 1934.

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

(2) Subject to increase as described under “Increase in Size” in this Supplement. The amount shown for each Notional

Class (indicated by “NTL” under Principal Type) is its original Class Notional Balance and does not represent principal that will be paid.

(3) As defined under “Class Types” in Appendix I to the Base Offering Circular. The Class Notional Balance of each

Notional Class will be either reduced or increased, as applicable, as shown under “Terms Sheet — Notional Classes”

in this Supplement.

(4) See “Yield, Maturity and Prepayment Considerations — Final Distribution Date” in this Supplement.

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

BofA Securities Drexel Hamilton, LLC

The date of this Offering Circular Supplement is March 25, 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”) and

 in the case of the Group 2 and 9 Securities, the disclosure documents relating to the Underlying

Certificates (the “Underlying Certificate Disclosure Documents”).

The Base Offering Circular, the HECM MBS 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 Page

Terms Sheet ........................ S-3 Increase in Size ...................... S-56

Risk Factors ......................... S-13 Legal Matters ........................ S-56

The Trust Assets ..................... S-19 Schedule I: Available Combinations ..... S-I-1

Ginnie Mae Guaranty ................. S-21 Exhibit A: Assumed Characteristics of the

Description of the Securities . . . . . . . . . . . . S-22 HECMs and the Participations

Yield, Maturity and Prepayment Underlying the Trust Assets ......... A-1

Considerations .................... S-27 Exhibit B: CPR Percentage in Effect by

Certain United States Federal Income Tax HECM Age ....................... B-1

Consequences ..................... S-52 Exhibit C: Draw Curve in Effect by HECM

ERISA Matters ....................... S-55 Age ............................. C-1

Legal Investment Considerations ........ S-55 Exhibit D: Underlying Certificates ....... D-1

Plan of Distribution .................. S-55 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: BofA Securities, Inc.

Co-Sponsor: Drexel Hamilton, LLC

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 (5) II $63,047,741 50 1.140% to 2.280%

2 Underlying Certificate (6) (6) (6) (6)

3 Ginnie Mae (5) II 44,558,748 50 1.486% to 2.890%

4 Ginnie Mae (5) II 1,838,332 50 1.983% to 2.269%

5 Ginnie Mae (5) II 2,113,212 50 1.876% to 2.167%

6 Ginnie Mae (5) II 23,000,000 50 1.635% to 2.980%

7 Ginnie Mae (5) II 48,160,000 50 1.515% to 2.475%

8 Ginnie Mae (5) II 25,015,203 50 1.344% to 2.765%

9A Ginnie Mae (3) II 1,687,630 50 7.091% to 7.217%

9B Underlying Certificate (6) (6) (6) (6)

9C Underlying Certificate (6) (6) (6) (6)

(1) The Group 9 Trust Assets consist of the enumerated subgroups (each, a

“Subgroup”).

(2) The Group 1 and 3 through 8 and Subgroup 9A Trust Assets are 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, including related pool numbers, is set forth in Exhibit A to this

Supplement.

(3) The HECM MBS Rate for each Group 1 and 3 through 8 and Subgroup 9A 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 and 3 through 8, reflects the range of approximate weighted

average margins on the Participations (net of the related Servicing Fee Margin)

underlying the related HECM MBS pools. For Subgroup 9A, reflects the range of

interest rates of the Participations (net of the related Servicing Fee Margin)

underlying the related HECM MBS pools at issuance.

(5) The applicable index for each of the Group 1, 3, 4, 5, 6, 7 and 8 Trust Assets is

one-year CMT (“One-Year CMT”). The actual HECM lifetime and, with respect

to Pools CY5087 and CZ7733 included in the Group 6 Trust Assets, annual caps

on interest rate adjustments may limit whether the HECM MBS Rate for a

particular Group 1, 3, 4, 5, 6, 7 and 8 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 group 1

through 8 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 and 3

through 8 and Subgroup 9A Trust Assets: The assumed characteristics of the HECMs and the

Participations underlying the Group 1 and 3 through 8 and Subgroup 9A 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, 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

Group 1 and 3 through 8 and Subgroup 9A 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 2 and

Subgroup 9B and 9C 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.

S-4
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.

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 Interest Minimum Maximum Delay for Minimum

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

Security Group 1

FA .................... 30-day Average SOFR + 0.70% 6.01864% 0.70% 10.50% 0 0.00%

Security Group 2

FB .................... 30-day Average SOFR + 0.60% 5.91864% 0.60% (4) 0 0.00%

Security Group 3

CF .................... 30-day Average SOFR + 0.75% 6.12000% 0.75% (4) 0 0.00%

FC .................... 30-day Average SOFR + 0.75% 6.12000% 0.75% (4) 0 0.00%

Security Group 4

FD .................... 30-day Average SOFR + 0.75% 6.12000% 0.75% (4) 0 0.00%

Security Groups 3 and 4

FM .................... 30-day Average SOFR + 0.75% 6.12000% 0.75% (5) 0 0.00%

Security Group 5

FE .................... 30-day Average SOFR + 0.70% 6.07000% 0.70% (4) 0 0.00%

Security Group 6

FG .................... 30-day Average SOFR + 0.75% 6.07000% 0.75% (4) 0 0.00%

GF .................... 30-day Average SOFR + 1.05% 6.37000% 1.05% (4) 0 0.00%

Security Group 7

FH .................... 30-day Average SOFR + 0.95% 6.27030% 0.95% (4) 0 0.00%

FJ ..................... 30-day Average SOFR + 1.20% 6.52030% 1.20% (4) 0 0.00%

HF .................... 30-day Average SOFR + 1.05% 6.37030% 1.05% (4) 0 0.00%

JF ..................... 30-day Average SOFR + 1.15% 6.47030% 1.15% (4) 0 0.00%

Security Group 8

FK .................... 30-day Average SOFR + 1.25% 6.56900% 1.25% (4) 0 0.00%

(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

Group 2, the interest rate of the Underlying Certificate included in such Trust Asset Group for the

related Distribution Date (before giving effect to any payments on such Distribution Date)

(“Group 2 Underlying Certificate WACR”)).

(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.

S-5
(5) The minimum and maximum rate for Class FM 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 following the first 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 and Class BA are set forth in the table

below.

Approximate Initial

Class Interest Rate(1)

Security Group 1

AI ........................................................... 0.86416%

Security Group 2

BI ........................................................... 0.24470%

Security Group 3

CI ........................................................... 0.62421%

Security Group 4

DI ........................................................... 0.73802%

Security Group 5

EI ........................................................... 0.74054%

Security Groups 3, 4 and 5

MI(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.63359%

Security Group 6

GI ........................................................... 0.50645%

Security Group 7

HI ........................................................... 0.38585%

Security Group 8

KI ........................................................... 0.05559%

Security Groups 6, 7 and 8

NI(2) ......................................................... 0.32879%

Security Group 9

BA .......................................................... 3.76038%

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

Class BI) were calculated using the assumed characteristics of the Group 1 and 3 through 8 and

Subgroup 9A HECMs and the Participations underlying the related Group 1 and 3 through 8 and

Subgroup 9A Trust Assets set forth in Exhibit A, which are provided by the Sponsor as of

March 1, 2024. In addition, the approximate initial Interest Rate for Class BA was also calculated

using the assumed characteristics of the Subgroups 9B and 9C Underlying Certificates and the

Subgroups 9B and 9C HECMs and the Participations underlying the Subgroups 9B and 9C Trust

Assets set forth in Exhibit E, which are provided by the Sponsor as of March 1, 2024. The

approximate initial Interest Rate for Class BI was calculated using the assumed characteristics of

the Group 2 Underlying Certificate and the Group 2 HECMs and the Participations underlying

the related Group 2 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 initial

Interest Rates for such Classes may differ from the approximate initial Interest Rates set forth

S-6
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.

Class BA is an HWAC Class that will bear interest during each Accrual Period at a per annum rate equal

to the WACR of the related Trust Assets.

Each of Classes MI and NI 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.

Interest Rate for Class BA: For any Distribution Date, a per annum rate equal to the product of

(i) 12 multiplied by (ii) the quotient of (a) the interest accrued for the Accrual Period immediately preceding such Distribution Date on the related Trust Asset Group, divided by (b) the outstanding principal

balance of the related Trust Asset Group as of the related Record Date for such 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

SECURITY GROUP 2

The Group 2 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

S-7
SECURITY GROUP 3

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

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

to the Class CF Interest Accrual Amount, the Class CI Interest Accrual Amount and the Class FC Interest

Accrual Amount for such Distribution Date

2. Concurrently, to CF and FC, pro rata based on their respective Class Principal Balances, in reduction of their Class Principal Balances, up to the amount of the Group 3 Principal Distribution Amount

for such Distribution Date, until retired

3. To CI, until the Class CI 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 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

SECURITY GROUP 5

The Group 5 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 6

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

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

to the Class FG Interest Accrual Amount, the Class GF Interest Accrual Amount and the Class GI Interest

Accrual Amount for such Distribution Date

2. Concurrently, to FG and GF, pro rata based on their respective Class Principal Balances, in reduction of their Class Principal Balances, up to the amount of the Group 6 Principal Distribution Amount

for such Distribution Date, until retired

3. To GI, until the Class GI 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 FH, FJ, HF, HI and JF, pro rata based on their respective Interest Accrual

Amounts, up to the Class FH Interest Accrual Amount, the Class FJ Interest Accrual Amount, the

Class HF Interest Accrual Amount, the Class HI Interest Accrual Amount and the Class JF Interest Accrual

Amount for such Distribution Date

2. Concurrently, to FH, FJ, HF and JF, pro rata based on their respective Class Principal Balances, in

reduction of their Class Principal Balances, up to the amount of the Group 7 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 8

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

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

the Class FK Interest Accrual Amount and the Class KI Interest Accrual Amount for such Distribution

Date

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

Distribution Amount for such Distribution Date, until retired

3. To KI, until the Class KI 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. To BA, up to the Class BA Interest Accrual Amount for such Distribution Date

2. To BA, in reduction of its Class Principal Balance, until retired

Available Distribution Amount: For each of Security Groups 1 and 3 through 8, 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 and (B) the Certificate Factor or Calculated Certificate Factor, as

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

MBS for the related Accrual Period over (b) the product of (i) the original principal amount of such

HECM MBS and (ii) the Certificate Factor or Calculated Certificate Factor, as applicable, for the current

Distribution Date. For Security Group 2, with respect to each Distribution Date, the amounts received in

respect of the Group 2 Trust Assets on such Distribution Date. For Security Group 9, with respect to

each Distribution Date, the sum of (x) for Subgroup 9A, the excess, if any, of (a) the sum of (i) the

product of (A) the original principal amount of the related HECM MBS and (B) the Certificate Factor or

Calculated Certificate Factor, as applicable, for the preceding Distribution Date and (ii) the interest

accrued with respect to such HECM MBS for the related Accrual Period over (b) the product of (i) the

original principal amount of such HECM MBS and (ii) the Certificate Factor or Calculated Certificate

Factor, as applicable, for the current Distribution Date, (y) for Subgroup 9B, the amount received in

respect of the Subgroup 9B Trust Asset on such Distribution Date and (z) for Subgroup 9C, the amount

received in respect of the Subgroup 9C Trust Asset on such Distribution Date.

S-9
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 Interest Only Stripped Principal Other Principal

Group Trust Asset Group Classes Bearing Classes Bearing Classes

1 1 AI FA N/A

2 2 BI FB N/A

3 3 CI CF, FC N/A

4 4 DI FD N/A

5 5 EI FE N/A

6 6 GI FG, GF N/A

7 7 HI FH, FJ, HF, JF N/A

8 8 KI FK N/A

9 9 N/A N/A BA

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 MI and NI: 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 MI and NI: For any Distribution Date, the sum of the Interest

Accrual Amounts for the related REMIC Classes shown on Schedule I to this Supplement.

Interest Accrual Amount for Principal Bearing Classes (other than the MX Class): 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 (other than

Classes CF, FC, FG, FH, FJ, GF, HF and JF): 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.

S-10
Principal Distribution Amount for the Group 3, 6 and 7 Trust Assets: 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 Amounts for all related Principal Bearing

Classes and the Interest Accrual Amount for the related Interest Only Class for such Distribution Date,

and (ii) the quotient of (a) the sum of the Class Principal Balances of all related Principal Bearing

Classes as of the related Record Date divided by (b) the sum of (x) the Class Principal Balance of all

related Principal Bearing Classes 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 ................... $63,047,741 100% of the Group 1 Trust Assets

Security Group 2

BI ................... $79,663,274 100% of the Group 2 Trust Assets

Security Group 3

CI ................... $44,558,748 100% of the Group 3 Trust Assets

Security Group 4

DI ................... $ 1,838,332 100% of the Group 4 Trust Assets

Security Group 5

EI ................... $ 2,113,212 100% of the Group 5 Trust Assets

Security Groups 3, 4 and 5

MI .................. $48,510,292 100% of the Group 3 Trust Assets, the Group 4 Trust Assets and the Group 5 Trust Assets (in the aggregate)

Security Group 6

GI ................... $23,000,000 100% of the Group 6 Trust Assets

Security Group 7

HI ................... $48,160,000 100% of the Group 7 Trust Assets

Security Group 8

KI ................... $25,015,203 100% of the Group 8 Trust Assets

Security Groups 6, 7 and 8

NI ................... $96,175,203 100% of the Group 6 Trust Assets, the Group 7 Trust Assets and the Group 8 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 Assets Group 4 Pooling REMIC and Group 4 Issuing REMIC

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

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

Group 7 Trust Assets Group 7 Pooling REMIC and Group 7 Issuing REMIC

Group 8 Trust Assets Group 8 Pooling REMIC and Group 8 Issuing REMIC

Group 9 Trust Assets Group 9 Pooling REMIC and Group 9 Issuing REMIC

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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 RR1, RR2, RR3, RR4, RR5, RR6, RR7, RR8 and RR9 are Residual

Classes. Each of the Residual Classes represents the Residual Interest of the Issuing and Pooling REMICs

for the Group of Trust Assets with the same numerical designation. 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-12
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

S-13
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.

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

S-14
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 2 trust asset may limit the amount of

interest distributed to or accrued on the

related floating rate and notional

classes. The interest entitlements of Class FB is

capped at the Underlying Certificate WACR of the

trust asset, which is an underlying certificate. In

turn, the interest entitlements of the underlying

certificate included in trust asset group 2 is capped

at the WACR of its related underlying trust assets,

as described in the related underlying certificate

disclosure document. If the Underlying Certificate

WACR of the group 2 trust asset is equal to or

lower than the interest rate on the related floating

rate class 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 Class BI 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 2 trust

asset is lower than the interest rate on Class FB

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 trust asset.

The levels of any interest rate indices applicable to the group 1 through 8 Trust Assets

or securities will affect payments and yields

on the group 1 through 8 securities. If any

interest rate index applicable to the group 1

through 8 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

group 1 through 8 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 group 1

through 8 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 underlying the

group 1 through 8 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 in groups 1 through 8 because the

interest entitlement of such classes of securities is

entirely dependent on the WACR or Underlying

Certificate WACR, as applicable, of the related

trust asset group.

The maximum rate on each floating rate class

could limit the amount of interest that accrues

S-15
on such class. Class FA 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 the applicable

interest rate index exceeds certain levels, the interest rate of Class FA 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

Class FM is limited by the interest accrued on its

related REMIC classes. If 30-day Average SOFR

exceeds certain levels, the interest rate on Class FM

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 FA and FM) is subject to a maximum rate that is equal to the WACR or Underlying

Certificate WACR for the related trust asset group.

The mortgage interest rate indices for the

HECMs related to the participations directly

or indirectly underlying the group 1

through 8 trust assets are 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 may be a mismatch between

the interest rates on the group 1 through 8 trust

assets and the interest rates on the related securities. In addition, the HECMs related to the

group 1 through 8 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 group 1

through 8 trust assets and may magnify the

difference between the WACR of the related trust

asset group and the interest rates on the related

securities.

If the applicable interest rate index for such

HECM MBS is lower than the related securities

interest rate index for any accrual period, interest

accruals with respect to the related notional

classes may be reduced because such notional

classes are 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 or classes. 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 or classes may be reduced because the

interest rate on such floating rate class or classes

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 classes 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 2 and 9

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

S-16
current class factor of the underlying certificates

in light of applicable information contained in

the underlying certificate disclosure documents.

The underlying certificates, Trust MBS and

any underlying participations in HECMs with

interest rates originally based on LIBOR will

transition to the applicable LIBOR replacement rate at the first contractual reset date

after June 30, 2023. Representative publication

of all tenors of the London Interbank Offered Rate

(“LIBOR”) ceased on June 30, 2023. All underlying

certificates, Trust MBS or underlying HECM participations with an interest rate based on LIBOR on

June 30, 2023 will transition at the first contractual

reset date after June 30, 2023 to the applicable

Adjusted CME Term SOFR. The spread adjustment

added to CME Term SOFR on the underlying

HECM participations will be lower than the spread

adjustment added to CME Term SOFR on the

Trust MBS during the one year spread adjustment

transition period provided for consumers under

the LIBOR Act. Beginning in July 2024, for any

given tenor, the spread adjustments added to CME

Term SOFR on the underlying HECM participations and the Trust MBS will be the same.

An investment in the group 1 through 8

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 group 1 through 8 securities

may fluctuate more than debt securities linked to

less volatile indices.

30-day Average SOFR is a relatively new market

index, and the group 1 through 8 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 laterissued 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 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 group 1 through 8 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 floating rate

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

their 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

S-17
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 floating rate 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 floating rate 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 2 and 9 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 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 principal balance, are

calculated on an aggregate basis which may cause

results to differ, perhaps significantly, from those

S-18
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 constant 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.

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 and 3 through 8 and Subgroup 9A)

The Groups 1 and 3 through 8 and Subgroup 9A Trust Assets are 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

group 1 through 8 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.

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The HECM MBS 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, 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.

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 2 and Subgroups 9B and 9C)

The Group 2 and Subgroup 9B and 9C 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. The Underlying Certificate Disclosure Documents 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

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 Groups 1 and 3 through 8 and Subgroup 9A 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

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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 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 interest rate indices for the HECMs related to the participations directly or indirectly underlying

the group 1 through 8 trust assets are 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 and 3 through 8 and Subgroup 9A Trust Assets,”

“Assumed Characteristics of the HECMs and the Participations Underlying the Group 2 and Subgroup 9B

and 9C 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.

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

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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.

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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.

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 group 1 through 8 securities” in this Supplement and “Risk Factors — The

mortgage interest rate indices for the HECMs related to the participations directly or indirectly underlying

the group 1 through 8 trust assets are 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 2 Trust Asset, see “Risk Factors — The Underlying Certificate WACR of the group 2

trust asset 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.

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HECM MBS Accrual Classes

Each of Classes FA, FB, CF, FC, FD, FE, FG, FH, FJ, FK, GF, HF, and JF 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.

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 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

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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 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 1 Securities

Group 2 Issuing and Pooling REMICs Group 2 Securities

Group 3 Issuing and Pooling REMICs Group 3 Securities

Group 4 Issuing and Pooling REMICs Group 4 Securities

Group 5 Issuing and Pooling REMICs Group 5 Securities

Group 6 Issuing and Pooling REMICs Group 6 Securities

Group 7 Issuing and Pooling REMICs Group 7 Securities

Group 8 Issuing and Pooling REMICs Group 8 Securities

Group 9 Issuing and Pooling REMICs Group 9 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

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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, 5, 6, 7, 8 and 9, a Holder of all of the outstanding Regular Securities of any 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 REMIC or 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

REMIC or 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 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 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 U.S. Bank National Association, One Federal Street, 3rd Floor, Boston,

MA 02110, Attention: Ginnie Mae REMIC Program 2024-H04. 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.

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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.

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

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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

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 or One-Year Adjusted CME Term SOFR, as applicable, 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 2 and 9 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 2 and 9 securities” in

this Supplement.

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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 and 3 through 8 and Subgroup 9A

Trust Assets have the assumed characteristics shown in Exhibit A and the HECMs and related Participations underlying the Group 2 and Subgroups 9B and 9C Trust Assets have the assumed characteristics

shown in Exhibit E.

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 or 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 and 3 through 8 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 and 3 through 8 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 and 3 through 8 Floating Securities

will adjust monthly. For purposes of the group 1 and 3 through 8 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 HECMs, while on all Distribution Dates occurring after the first Distribution Date, the constant value of 30-day Average SOFR

shown with respect to any such decrement table is used to calculate the interest rate with respect to the

applicable Class.

S-29
12. The initial Interest Rate on the Group 2 Securities will be based on the initial rate as shown

under “Terms Sheet — Interest Rates” in this Supplement; however, the interest rate on the Group 2

adjustable rate HECMs for the first Distribution Date is based on the information set forth in Exhibit E.

For purposes of the Group 2 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 2 HECMs, while on all Distribution Dates occurring after the

first Distribution Date, the constant value shown of 30-day Average SOFR shown with respect to any

such decrement table is used to calculate the interest rate with respect to the applicable Class and the

Group 2 Trust Assets.

13. The HECMs and the Participations underlying the Group 2 Trust Assets and, in the case of

Pools CY5087 and CZ7733, the Group 6 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 and 3 through 8 Trust Assets (other than Pools CY5087 and CZ7733 included in Trust Asset

Group 6).

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.

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 and 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.

S-30
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, One-Year Adjusted CME Term SOFR and One-Year CMT, as applicable, 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, One-Year Adjusted

CME Term SOFR and One-Year CMT, as applicable. The Weighted Average Life of each Class is calculated by:

(a) multiplying the net reduction, if any, of the Class Principal Balance (or the net reduction of the

Class Notional Balance, in the case of a Notional Class) from one Distribution Date to the next

Distribution Date by the number of years from the date of issuance thereof to the related Distribution Date,

(b) summing the results, and

(c) dividing the sum by the aggregate amount of the assumed net reductions in principal balance

or notional amount, as applicable, referred to in clause (a).

The information shown for each Notional Class is for illustrative purposes only, as a Notional Class

is not entitled to distributions of principal 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-31
Percentages of Original Class Principal (or Class Notional) Balances

and Weighted Average Lives

Security Group 1 PPC Prepayment Assumption Rates

Class AI* Class AI* Class AI*

5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR

5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 95 93 111 103 101 98 96 111 103 101 98 96

March 2026 .......... 115 98 93 88 83 123 105 99 94 88 123 105 99 94 88

March 2027 .......... 123 95 86 78 71 137 105 96 87 79 137 105 96 87 79

March 2028 .......... 132 90 79 68 59 152 104 91 79 68 152 104 91 79 68

March 2029 .......... 142 85 71 58 48 167 100 83 69 56 167 100 83 69 56

March 2030 .......... 152 79 62 49 38 149 77 61 48 37 149 77 61 48 37

March 2031 .......... 159 70 53 39 28 56 26 19 14 10 56 26 19 14 10

March 2032 .......... 165 62 43 30 20 1 0 0 0 0 1 0 0 0 0

March 2033 .......... 129 41 27 17 11 0 0 0 0 0 0 0 0 0 0

March 2034 . . . . . . . . . . 69 18 11 7 4 0 0 0 0 0 0 0 0 0 0

March 2035 .......... 1 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 and

thereafter .......... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) ......... 9.6 7.9 6.7 5.8 5.0 6.7 6.5 6.0 5.5 4.9 6.7 6.5 6.0 5.5 4.9

* 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.

PPC Prepayment Assumption Rates

Class FA Class FA Class FA 5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR 5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 95 93 111 103 101 98 96 111 103 101 98 96

March 2026 .......... 113 98 93 88 83 123 105 99 94 88 123 105 99 94 88

March 2027 .......... 120 95 86 78 71 136 105 96 87 79 136 105 96 87 79

March 2028 .......... 127 90 79 68 59 151 104 91 79 68 151 104 91 79 68

March 2029 .......... 135 85 71 58 48 165 100 83 69 56 165 100 83 69 56

March 2030 .......... 143 79 62 49 38 147 77 61 48 37 147 77 61 48 37

March 2031 .......... 148 70 53 39 28 56 26 19 14 10 56 26 19 14 10

March 2032 .......... 153 62 43 30 20 1 0 0 0 0 1 0 0 0 0

March 2033 .......... 118 41 27 17 11 0 0 0 0 0 0 0 0 0 0

March 2034 . . . . . . . . . . 63 18 11 7 4 0 0 0 0 0 0 0 0 0 0

March 2035 .......... 1 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 and

thereafter .......... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) ......... 9.6 7.9 6.7 5.8 5.0 6.7 6.5 6.0 5.5 4.9 6.7 6.5 6.0 5.5 4.9

S-32
Security Group 2 PPC Prepayment Assumption Rates

Class BI* Class BI* Class BI*

5.31864% 30-day Average SOFR 7.26682% 30-day Average SOFR 9.21500% 30-day Average SOFR

5.70401% One-Year Adjusted CME 6.53651% One-Year Adjusted CME 7.36900% One-Year Adjusted CME

Term SOFR Term SOFR Term SOFR

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 94 90 86 81 106 94 90 86 81 106 94 90 86 81

March 2026 .......... 113 89 81 73 66 115 89 81 73 66 115 89 81 73 66

March 2027 .......... 114 79 68 58 49 118 79 68 58 49 118 79 68 58 49

March 2028 .......... 104 64 52 42 34 109 63 52 42 34 109 63 52 42 34

March 2029 .......... 107 56 43 33 24 113 56 43 32 24 113 56 43 32 24

March 2030 .......... 110 49 35 25 17 119 49 35 25 17 120 49 35 25 17

March 2031 .......... 15 5 3 2 1 17 5 4 2 1 13 4 3 2 1 March 2032 .......... 1 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 and

thereafter .......... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) ......... 6.4 5.0 4.3 3.7 3.3 6.4 4.9 4.3 3.7 3.3 6.4 4.9 4.3 3.7 3.3

* 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 Adjusted CME Term SOFR. 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.

PPC Prepayment Assumption Rates

Class FB Class FB Class FB

5.31864% 30-day Average SOFR 7.26682% 30-day Average SOFR 9.21500% 30-day Average SOFR

5.70401% One-Year Adjusted CME 6.53651% One-Year Adjusted CME 7.36900% One-Year Adjusted CME

Term SOFR Term SOFR Term SOFR

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 94 90 86 81 106 94 90 86 81 106 94 90 86 81

March 2026 .......... 113 89 81 73 66 115 89 81 73 66 115 89 81 73 66

March 2027 .......... 113 79 68 58 49 117 79 68 58 49 118 79 68 58 49

March 2028 .......... 103 64 52 42 34 108 63 52 42 34 109 63 52 42 34

March 2029 .......... 105 56 43 33 24 112 56 43 32 24 113 56 43 32 24

March 2030 .......... 108 49 35 25 17 117 49 35 25 17 120 49 35 25 17

March 2031 .......... 15 5 3 2 1 16 5 4 2 1 13 4 3 2 1 March 2032 .......... 1 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 and

thereafter .......... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) ......... 6.4 5.0 4.3 3.7 3.3 6.4 4.9 4.3 3.7 3.2 6.4 4.9 4.3 3.7 3.2

S-33
Security Group 3 PPC Prepayment Assumption Rates

Class CF Class CF Class CF

5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR

5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 89 112 102 99 96 93 113 103 100 97 93

March 2026 .......... 113 94 88 82 76 125 104 97 90 83 127 105 98 91 84

March 2027 .......... 120 90 80 71 63 141 103 92 82 73 144 105 94 84 74

March 2028 .......... 127 84 72 61 51 53 34 29 25 21 17 11 9 8 7

March 2029 .......... 135 78 63 51 40 2 1 1 1 1 2 1 1 1 1 March 2030 . . . . . . . . . . 68 34 26 20 15 1 0 0 0 0 1 0 0 0 0

March 2031 .......... 16 7 5 3 2 0 0 0 0 0 0 0 0 0 0

March 2032 .......... 1 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 and

thereafter .......... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) ......... 6.3 5.5 4.9 4.4 3.9 4.0 3.9 3.8 3.5 3.3 3.8 3.8 3.6 3.4 3.2

PPC Prepayment Assumption Rates

Class CI* Class CI* Class CI*

5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR

5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 89 112 102 99 96 93 113 103 100 97 93

March 2026 .......... 115 94 88 82 76 126 104 97 90 83 127 105 98 91 84

March 2027 .......... 123 90 80 71 63 142 103 92 82 73 144 105 94 84 74

March 2028 .......... 132 84 72 61 51 53 34 29 25 21 17 11 9 8 7

March 2029 .......... 141 78 63 51 40 2 1 1 1 1 2 1 1 1 1

March 2030 .......... 72 34 26 20 15 1 0 0 0 0 1 0 0 0 0

March 2031 .......... 17 7 5 3 2 0 0 0 0 0 0 0 0 0 0

March 2032 .......... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2033 .......... 1 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 and

thereafter .......... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) ......... 6.3 5.5 4.9 4.4 3.9 4.0 3.9 3.8 3.5 3.3 3.8 3.8 3.6 3.4 3.2

* 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-34
Security Group 3 PPC Prepayment Assumption Rates

Class FC Class FC Class FC

5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR

5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 89 112 102 99 96 93 113 103 100 97 93

March 2026 .......... 113 94 88 82 76 125 104 97 90 83 127 105 98 91 84

March 2027 .......... 120 90 80 71 63 141 103 92 82 73 144 105 94 84 74

March 2028 .......... 127 84 72 61 51 53 34 29 25 21 17 11 9 8 7

March 2029 .......... 135 78 63 51 40 2 1 1 1 1 2 1 1 1 1 March 2030 . . . . . . . . . . 68 34 26 20 15 1 0 0 0 0 1 0 0 0 0

March 2031 .......... 16 7 5 3 2 0 0 0 0 0 0 0 0 0 0

March 2032 .......... 1 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 and

thereafter .......... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) ......... 6.3 5.5 4.9 4.4 3.9 4.0 3.9 3.8 3.5 3.3 3.8 3.8 3.6 3.4 3.2

Security Group 4

PPC Prepayment Assumption Rates

Class DI* Class DI* Class DI*

5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR

5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 96 93 90 112 103 100 97 94 114 104 101 98 95

March 2026 .......... 115 95 89 83 78 126 105 98 91 85 130 108 101 94 87

March 2027 .......... 124 91 82 73 65 143 105 94 84 75 148 109 98 88 78

March 2028 .......... 133 86 74 63 53 12 7 6 5 5 12 8 7 6 5

March 2029 .......... 142 80 65 53 42 2 1 1 1 1 2 1 1 1 1

March 2030 .......... 151 73 56 42 32 2 1 1 1 0 2 1 1 1 0

March 2031 .......... 5 2 1 1 1 0 0 0 0 0 0 0 0 0 0

March 2032 .......... 2 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2033 .......... 2 1 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 and

thereafter .......... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) ......... 6.2 5.5 4.9 4.4 4.0 3.9 3.9 3.8 3.5 3.3 3.5 3.5 3.4 3.3 3.1

* 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-35
Security Group 4 PPC Prepayment Assumption Rates

Class FD Class FD Class FD

5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR

5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 96 93 90 112 103 100 97 94 114 104 101 98 95

March 2026 .......... 113 95 89 83 78 125 105 98 91 85 130 108 101 94 87

March 2027 .......... 120 91 82 73 65 141 105 94 84 75 148 109 98 88 78

March 2028 .......... 127 86 74 63 53 12 7 6 5 5 12 8 7 6 5

March 2029 .......... 135 80 65 53 42 2 1 1 1 1 2 1 1 1 1 March 2030 .......... 142 73 56 42 32 2 1 1 1 0 2 1 1 1 0

March 2031 .......... 5 2 1 1 1 0 0 0 0 0 0 0 0 0 0

March 2032 .......... 2 1 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2033 .......... 2 1 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 and

thereafter . . . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . . . . . . . 6.2 5.5 4.9 4.4 4.0 3.9 3.9 3.8 3.5 3.3 3.5 3.5 3.4 3.3 3.1

Security Groups 3 and 4

PPC Prepayment Assumption Rates

Class FM Class FM Class FM 5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR 5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 89 112 102 99 96 93 113 103 100 97 93

March 2026 .......... 113 94 88 82 76 125 104 97 90 84 128 105 98 91 85

March 2027 .......... 120 90 80 72 63 141 104 93 82 73 145 106 95 84 75

March 2028 .......... 127 85 72 61 51 48 31 27 23 19 17 11 9 8 6

March 2029 .......... 135 78 63 51 40 2 1 1 1 1 2 1 1 1 1 March 2030 . . . . . . . . . . 77 39 29 22 17 1 1 0 0 0 1 0 0 0 0

March 2031 .......... 15 6 5 3 2 0 0 0 0 0 0 0 0 0 0

March 2032 .......... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2033 .......... 1 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 and

thereafter . . . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . . . . . . . 6.3 5.5 4.9 4.4 3.9 4.0 3.9 3.8 3.5 3.3 3.7 3.7 3.6 3.4 3.2

S-36
Security Group 5 PPC Prepayment Assumption Rates

Class EI* Class EI* Class EI*

5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR

5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 89 112 103 100 96 93 113 104 100 97 94

March 2026 .......... 115 95 89 83 77 126 104 97 91 84 129 106 99 92 86

March 2027 .......... 123 91 81 72 64 142 104 93 83 74 146 107 96 86 76

March 2028 .......... 132 85 73 62 52 159 102 87 74 62 9 6 5 4 4

March 2029 .......... 142 79 64 52 41 10 6 5 4 3 11 6 5 4 3

March 2030 .......... 151 72 55 42 31 4 2 2 1 1 1 0 0 0 0

March 2031 .......... 9 4 3 2 1 0 0 0 0 0 0 0 0 0 0

March 2032 .......... 4 1 1 1 0 0 0 0 0 0 0 0 0 0 0

March 2033 .......... 1 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 and

thereafter .......... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) ......... 6.6 5.7 5.1 4.5 4.1 4.2 4.1 4.0 3.7 3.4 3.9 3.9 3.8 3.6 3.3

* 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.

PPC Prepayment Assumption Rates

Class FE Class FE Class FE 5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR 5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 89 112 103 100 96 93 113 104 100 97 94

March 2026 .......... 113 95 89 83 77 125 104 97 91 84 129 106 99 92 86

March 2027 .......... 120 91 81 72 64 141 104 93 83 74 146 107 96 86 76

March 2028 .......... 127 85 73 62 52 156 102 87 74 62 9 6 5 4 4

March 2029 .......... 135 79 64 52 41 10 6 5 4 3 11 6 5 4 3

March 2030 .......... 142 72 55 42 31 4 2 2 1 1 1 0 0 0 0

March 2031 .......... 9 4 3 2 1 0 0 0 0 0 0 0 0 0 0

March 2032 .......... 3 1 1 1 0 0 0 0 0 0 0 0 0 0 0

March 2033 .......... 1 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 and

thereafter .......... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) ......... 6.6 5.7 5.1 4.5 4.1 4.2 4.1 4.0 3.7 3.4 3.9 3.9 3.8 3.6 3.3

S-37
Security Groups 3, 4 and 5 PPC Prepayment Assumption Rates

Class MI* Class MI* Class MI*

5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR

5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 89 112 102 99 96 93 113 103 100 97 93

March 2026 .......... 115 94 88 82 76 126 104 97 90 84 128 105 98 91 85

March 2027 .......... 123 90 80 71 63 142 104 93 82 73 144 106 94 84 74

March 2028 .......... 132 84 72 61 51 56 36 31 26 22 17 11 9 8 7

March 2029 .......... 141 78 63 51 40 2 1 1 1 1 2 1 1 1 1 March 2030 .......... 78 37 29 22 16 1 1 0 0 0 1 0 0 0 0

March 2031 .......... 16 7 5 3 2 0 0 0 0 0 0 0 0 0 0

March 2032 .......... 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0

March 2033 .......... 1 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 and

thereafter .......... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) ......... 6.3 5.5 4.9 4.4 3.9 4.0 3.9 3.8 3.5 3.3 3.8 3.7 3.6 3.4 3.2

* The decrement tables for Class MI reflect only the Class MI 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 MI Notional Balance at the Class MI Interest Rate, Class MI is entitled to the Class MI Deferred Interest Amount. No representation is made

about the timing of distributions of the Class MI Deferred Interest Amount other than that such amount will be paid no later

than the Final Distribution Date for Class MI.

Security Group 6

PPC Prepayment Assumption Rates

Class FG Class FG Class FG 5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR 5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 .......... 106 102 100 99 97 111 106 104 103 101 111 106 104 103 101

March 2026 .......... 113 101 97 93 89 124 110 105 101 96 124 110 105 101 97

March 2027 .......... 120 99 92 85 79 138 111 103 96 88 139 112 104 96 89

March 2028 .......... 127 95 85 76 67 154 112 100 89 79 155 112 100 89 79

March 2029 .......... 135 90 77 66 55 171 110 94 80 68 173 111 95 81 68

March 2030 .......... 144 85 69 56 45 191 107 87 71 57 193 109 88 71 57

March 2031 .......... 152 78 60 46 35 167 84 65 51 39 160 80 63 48 37

March 2032 .......... 159 70 51 37 26 15 6 5 4 3 7 3 2 2 1 March 2033 .......... 130 51 35 24 16 6 2 2 1 1 6 2 2 1 1 March 2034 .......... 117 40 26 17 10 0 0 0 0 0 0 0 0 0 0

March 2035 . . . . . . . . . . 124 35 21 13 7 0 0 0 0 0 0 0 0 0 0

March 2036 . . . . . . . . . . 57 13 7 4 2 0 0 0 0 0 0 0 0 0 0

March 2037 .......... 12 2 1 1 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 and

thereafter .......... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) ......... 11.1 9.0 7.7 6.6 5.8 7.4 7.2 6.8 6.3 5.7 7.3 7.2 6.8 6.2 5.7

S-38
Security Group 6 PPC Prepayment Assumption Rates

Class GF Class GF Class GF

5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR

5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 .......... 107 102 100 99 97 111 106 104 103 101 111 106 104 103 101

March 2026 .......... 114 101 97 93 89 124 110 105 101 96 124 110 105 101 97

March 2027 .......... 121 99 92 85 79 138 111 103 96 88 139 112 104 96 89

March 2028 .......... 129 95 85 76 67 154 112 100 89 79 155 112 100 89 79

March 2029 .......... 137 91 77 66 55 171 110 94 80 68 173 111 95 81 68

March 2030 .......... 146 85 69 56 45 191 107 87 71 57 193 109 88 71 57

March 2031 .......... 155 78 60 46 35 167 84 65 51 39 160 80 63 48 37

March 2032 .......... 162 70 51 37 26 15 6 5 4 3 7 3 2 2 1

March 2033 .......... 133 51 35 24 16 6 2 2 1 1 6 2 2 1 1

March 2034 .......... 120 40 26 17 10 0 0 0 0 0 0 0 0 0 0

March 2035 . . . . . . . . . . 128 35 21 13 7 0 0 0 0 0 0 0 0 0 0

March 2036 . . . . . . . . . . 59 13 7 4 2 0 0 0 0 0 0 0 0 0 0

March 2037 .......... 13 2 1 1 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 and

thereafter .......... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) ......... 11.1 9.0 7.7 6.6 5.8 7.4 7.2 6.8 6.3 5.7 7.3 7.2 6.8 6.2 5.7

PPC Prepayment Assumption Rates

Class GI* Class GI* Class GI*

5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR

5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 .......... 107 102 101 99 97 111 106 104 103 101 111 106 104 103 101

March 2026 .......... 115 102 97 93 89 124 110 105 101 96 124 110 105 101 97

March 2027 .......... 123 99 92 85 79 138 112 103 96 88 139 112 104 96 89

March 2028 .......... 132 96 85 76 67 154 112 100 89 79 155 113 100 89 79

March 2029 .......... 142 91 77 66 55 172 110 94 80 68 173 111 95 81 68

March 2030 .......... 152 85 69 56 45 191 107 87 71 57 193 109 88 71 57

March 2031 .......... 162 78 60 46 35 167 84 65 51 39 160 80 63 48 37

March 2032 .......... 171 70 51 37 26 15 6 5 4 3 7 3 2 2 1

March 2033 .......... 141 51 35 24 16 6 2 2 1 1 6 2 2 1 1

March 2034 .......... 128 40 26 17 10 0 0 0 0 0 0 0 0 0 0

March 2035 .......... 137 35 21 13 7 0 0 0 0 0 0 0 0 0 0

March 2036 .......... 63 13 7 4 2 0 0 0 0 0 0 0 0 0 0

March 2037 .......... 14 2 1 1 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 and

thereafter .......... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) ......... 11.1 9.0 7.7 6.6 5.8 7.4 7.2 6.8 6.3 5.7 7.3 7.2 6.8 6.2 5.7

* 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-39
Security Group 7 PPC Prepayment Assumption Rates

Class FH Class FH Class FH

5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR

5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 .......... 106 103 102 101 100 112 108 107 105 104 112 108 107 105 104

March 2026 .......... 113 103 100 97 93 125 113 109 105 101 125 113 109 105 101

March 2027 .......... 121 102 95 89 83 140 116 109 101 95 140 116 109 101 95

March 2028 .......... 128 98 89 80 72 154 115 104 94 84 154 115 104 94 84

March 2029 .......... 136 93 81 69 59 173 115 100 86 74 173 115 100 86 74

March 2030 .......... 143 87 72 59 48 192 112 93 76 62 192 112 93 76 62

March 2031 .......... 152 81 63 49 38 173 91 72 57 44 173 91 72 57 44

March 2032 .......... 160 73 55 40 29 1 1 0 0 0 1 1 0 0 0

March 2033 .......... 137 56 40 27 19 1 0 0 0 0 1 0 0 0 0

March 2034 .......... 144 50 33 21 13 1 0 0 0 0 1 0 0 0 0

March 2035 . . . . . . . . . . 151 43 27 16 9 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 .......... 1 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 and

thereafter . . . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . . . . . . . 11.3 9.2 8.0 7.0 6.1 7.4 7.3 6.9 6.5 6.0 7.4 7.3 6.9 6.5 6.0

PPC Prepayment Assumption Rates

Class FJ Class FJ Class FJ

5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR 5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 .......... 107 103 102 101 100 112 108 107 105 104 112 108 107 105 104

March 2026 .......... 114 104 100 97 93 125 113 109 105 101 125 113 109 105 101

March 2027 .......... 122 102 95 89 83 140 116 109 101 95 140 116 109 101 95

March 2028 .......... 130 98 89 80 72 154 115 104 94 84 154 115 104 94 84

March 2029 .......... 137 93 81 69 59 173 115 100 86 74 173 115 100 86 74

March 2030 .......... 145 87 72 59 48 192 112 93 76 62 192 112 93 76 62

March 2031 .......... 154 81 63 49 38 173 91 72 57 44 173 91 72 57 44

March 2032 .......... 163 74 55 40 29 1 1 0 0 0 1 1 0 0 0

March 2033 .......... 140 56 40 27 19 1 0 0 0 0 1 0 0 0 0

March 2034 .......... 148 50 33 21 13 1 0 0 0 0 1 0 0 0 0

March 2035 . . . . . . . . . . 155 43 27 16 9 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 .......... 1 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 and

thereafter . . . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . . . . . . . 11.3 9.2 8.0 7.0 6.1 7.4 7.3 6.9 6.5 6.0 7.4 7.3 6.9 6.5 6.0

S-40
Security Group 7 PPC Prepayment Assumption Rates

Class HF Class HF Class HF

5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR

5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 .......... 107 103 102 101 100 112 108 107 105 104 112 108 107 105 104

March 2026 .......... 114 104 100 97 93 125 113 109 105 101 125 113 109 105 101

March 2027 .......... 121 102 95 89 83 140 116 109 101 95 140 116 109 101 95

March 2028 .......... 129 98 89 80 72 154 115 104 94 84 154 115 104 94 84

March 2029 .......... 136 93 81 69 59 173 115 100 86 74 173 115 100 86 74

March 2030 .......... 144 87 72 59 48 192 112 93 76 62 192 112 93 76 62

March 2031 .......... 153 81 63 49 38 173 91 72 57 44 173 91 72 57 44

March 2032 .......... 162 74 55 40 29 1 1 0 0 0 1 1 0 0 0

March 2033 .......... 138 56 40 27 19 1 0 0 0 0 1 0 0 0 0

March 2034 .......... 146 50 33 21 13 1 0 0 0 0 1 0 0 0 0

March 2035 . . . . . . . . . . 152 43 27 16 9 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 .......... 1 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 and

thereafter .......... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) ......... 11.3 9.2 8.0 7.0 6.1 7.4 7.3 6.9 6.5 6.0 7.4 7.3 6.9 6.5 6.0

PPC Prepayment Assumption Rates

Class HI* Class HI* Class HI*

5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR

5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 .......... 107 104 102 101 100 112 108 107 105 104 112 108 107 105 104

March 2026 .......... 115 104 100 97 93 125 113 109 105 101 125 113 109 105 101

March 2027 .......... 123 102 96 89 83 140 116 109 101 95 140 116 109 101 95

March 2028 .......... 132 99 89 80 72 154 115 104 94 84 154 115 104 94 84

March 2029 .......... 141 93 81 70 60 173 115 100 86 74 173 115 100 86 74

March 2030 .......... 150 87 72 59 48 192 112 93 76 62 192 112 93 76 62

March 2031 .......... 160 81 63 49 38 173 91 72 57 44 173 91 72 57 44

March 2032 .......... 170 74 55 40 29 1 1 0 0 0 1 1 0 0 0

March 2033 .......... 146 56 40 27 19 1 0 0 0 0 1 0 0 0 0

March 2034 .......... 155 50 33 21 13 1 0 0 0 0 1 0 0 0 0

March 2035 .......... 163 43 27 16 9 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 .......... 1 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 and

thereafter .......... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) ......... 11.3 9.2 8.0 7.0 6.1 7.4 7.3 6.9 6.5 6.0 7.4 7.3 6.9 6.5 6.0

* 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-41
Security Group 7 PPC Prepayment Assumption Rates

Class JF Class JF Class JF

5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR

5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 .......... 107 103 102 101 100 112 108 107 105 104 112 108 107 105 104

March 2026 .......... 114 104 100 97 93 125 113 109 105 101 125 113 109 105 101

March 2027 .......... 121 102 95 89 83 140 116 109 101 95 140 116 109 101 95

March 2028 .......... 129 98 89 80 72 154 115 104 94 84 154 115 104 94 84

March 2029 .......... 137 93 81 69 59 173 115 100 86 74 173 115 100 86 74

March 2030 .......... 145 87 72 59 48 192 112 93 76 62 192 112 93 76 62

March 2031 .......... 154 81 63 49 38 173 91 72 57 44 173 91 72 57 44

March 2032 .......... 163 74 55 40 29 1 1 0 0 0 1 1 0 0 0

March 2033 .......... 139 56 40 27 19 1 0 0 0 0 1 0 0 0 0

March 2034 .......... 147 50 33 21 13 1 0 0 0 0 1 0 0 0 0

March 2035 . . . . . . . . . . 154 43 27 16 9 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 .......... 1 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 and

thereafter . . . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . . . . . . . 11.3 9.2 8.0 7.0 6.1 7.4 7.3 6.9 6.5 6.0 7.4 7.3 6.9 6.5 6.0

Security Group 8

PPC Prepayment Assumption Rates

Class FK Class FK Class FK 5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR 5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 91 109 100 97 95 92 109 100 97 95 92

March 2026 .......... 114 96 90 84 79 118 99 93 87 81 118 99 93 87 81

March 2027 .......... 122 92 83 75 67 128 96 87 78 70 128 96 87 78 70

March 2028 .......... 130 87 75 64 55 140 92 80 68 58 140 92 80 68 58

March 2029 .......... 139 81 67 54 44 152 88 72 59 47 152 88 72 59 47

March 2030 .......... 146 74 57 44 33 157 78 61 47 35 157 78 61 47 35

March 2031 . . . . . . . . . . 88 39 29 21 15 5 2 2 1 1 5 2 2 1 1 March 2032 . . . . . . . . . . 46 18 12 8 6 2 1 0 0 0 2 1 0 0 0

March 2033 .......... 4 1 1 1 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 and

thereafter . . . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) . . . . . . . . . 7.7 6.5 5.7 5.0 4.5 6.4 6.0 5.4 4.8 4.3 6.4 6.0 5.4 4.8 4.3

S-42
Security Group 8 PPC Prepayment Assumption Rates

Class KI* Class KI* Class KI*

5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR

5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 91 109 100 97 95 92 109 100 97 95 92

March 2026 ..... 115 96 90 84 79 118 99 93 87 81 118 99 93 87 81

March 2027 ..... 123 92 83 75 67 128 96 87 78 70 128 96 87 78 70

March 2028 ..... 131 87 75 64 55 140 92 80 68 58 140 92 80 68 58

March 2029 ..... 141 81 67 54 44 152 88 72 59 47 152 88 72 59 47

March 2030 ..... 148 74 57 44 33 157 78 61 47 35 157 78 61 47 35

March 2031 . . . . . 90 39 29 21 15 5 2 2 1 1 5 2 2 1 1

March 2032 . . . . . 47 18 12 8 6 2 1 0 0 0 2 1 0 0 0

March 2033 ..... 4 1 1 1 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 and

thereafter ..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) .... 7.7 6.5 5.7 5.0 4.5 6.4 6.0 5.4 4.8 4.3 6.4 6.0 5.4 4.8 4.3

* The decrement tables for Class KI reflect only the Class KI 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 KI

Notional Balance at the Class KI Interest Rate, Class KI is entitled to the Class KI Deferred Interest Amount. No representation is made about the timing of distributions of the Class KI Deferred Interest Amount other than that such

amount will be paid no later than the Final Distribution Date for Class KI.

Security Group 6, 7 and 8

PPC Prepayment Assumption Rates

Class NI* Class NI* Class NI*

5.31864% 30-day Average SOFR 10.84482% 30-day Average SOFR 16.37100% 30-day Average SOFR

5.01000% One-Year CMT 9.92500% One-Year CMT 14.84000% 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 .......... 107 102 100 99 97 111 105 104 102 100 111 105 104 102 100

March 2026 .......... 115 101 97 93 89 123 109 104 99 95 123 109 104 99 95

March 2027 .......... 123 99 91 84 78 137 110 102 94 87 137 110 102 94 87

March 2028 .......... 132 95 84 75 66 151 109 97 86 76 151 109 97 86 76

March 2029 .......... 141 90 76 65 54 167 107 91 77 65 167 107 91 78 65

March 2030 .......... 150 83 68 54 43 183 102 83 67 54 183 103 83 67 54

March 2031 .......... 142 69 54 41 31 128 66 52 41 32 126 65 52 40 31

March 2032 .......... 138 58 43 31 22 5 2 1 1 1 3 1 1 1 0

March 2033 .......... 108 41 28 20 13 2 1 1 0 0 2 1 1 0 0

March 2034 . . . . . . . . . . 108 35 23 15 9 1 0 0 0 0 1 0 0 0 0

March 2035 . . . . . . . . . . 115 30 18 11 6 0 0 0 0 0 0 0 0 0 0

March 2036 .......... 16 3 2 1 1 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 and

thereafter .......... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted Average

Life (years) ......... 10.6 8.5 7.4 6.4 5.6 7.3 7.0 6.6 6.1 5.6 7.2 7.0 6.6 6.1 5.6

* 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-43
Security Group 9 PPC Prepayment Assumption Rates

Class BA

Distribution Date 0% 75% 100% 125% 150%

Initial Percent . . . 100 100 100 100 100

March 2025 ..... 104 91 87 83 79

March 2026 ..... 89 68 62 56 50

March 2027 ..... 90 60 51 43 36

March 2028 ..... 81 46 37 29 22

March 2029 ..... 84 40 29 20 14

March 2030 ..... 87 33 22 13 7

March 2031 ..... 90 27 16 8 4

March 2032 ..... 86 20 9 4 3

March 2033 ..... 61 9 4 3 2

March 2034 ..... 48 6 4 2 1

March 2035 ..... 50 5 3 2 1

March 2036 ..... 44 4 2 1 1

March 2037 ..... 25 4 2 1 0

March 2038 ..... 14 2 1 0 0

March 2039 ..... 12 1 1 0 0

March 2040 ..... 13 1 0 0 0

March 2041 and

thereafter ..... 0 0 0 0 0

Weighted Average

Life (years) .... 9.5 4.7 3.8 3.2 2.7

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,

 in the case of the Group 1, 3, 4, 5, 6, 7 and 8 Securities, the investor’s own projection of 30-day

Average SOFR and One-Year CMT under a variety of scenarios,

 in the case of the Group 2 Securities, the investor’s own projection of 30-day Average SOFR and

One-Year Adjusted CME Term SOFR under a variety of scenarios and

 in the case of the Group 2 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, One-Year

Adjusted CME Term SOFR 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.

S-44
 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 or Subgroup 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 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.

30-day Average SOFR, One-Year Adjusted CME Term SOFR and One-Year CMT: Effect on Yields of the

Floating Rate Classes

Low levels of 30-day Average SOFR, One-Year Adjusted CME Term SOFR and One-Year CMT, as

applicable, 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 30-day Average SOFR, One-Year Adjusted

CME Term SOFR and One-Year CMT, as applicable, 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 group 1 through 8 Trust Assets or securities will affect payments and

yields on the group 1 through 8 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 30-day Average SOFR, One-Year Adjusted CME Term SOFR and One-Year CMT, as applicable.

S-45
The HECMs will not prepay or draw at any constant rate until maturity, and it is unlikely that

30-day Average SOFR, One-Year Adjusted CME Term SOFR or One-Year CMT, as applicable, 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 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, 3, 4, 5, 6, 7 and 8 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 Group 2 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 Adjusted CME Term SOFR 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-46
SECURITY GROUP 1

Sensitivity of Class AI to Prepayments

Assumed Price 8.0%*

5.01000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR

5.31864% ....... ...............

75%

0.2%

100%

(3.7)%

125%

(7.6)%

150%

(11.5)%

Sensitivity of Class AI to Prepaymen

Assumed Price 8.0%*

ts

9.92500% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR

10.84482% ...... ...........

75%

(33.2)%

100%

(37.8)%

125%

(41.1)%

150%

(44.1)%

Sensitivity of Class AI to Prepaymen

Assumed Price 8.0%*

ts

14.84000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

16.37100% ................. (33.2)% (37.8)% (41.1)% (44.1)%

SECURITY GROUP 2

Sensitivity of Class BI to Prepayments

Assumed Price 1.125%*

5.70401% One-Year Adjusted CME Term SOFR

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

5.31864% ........................ 25.0% 19.5% 13.9% 8.2%

Sensitivity of Class BI to Prepayments

Assumed Price 1.125%*

6.53651% One-Year Adjusted CME Term SOFR

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

7.26682% ......................... 12.8% 7.5% 2.1% (3.5)%

* The price does not include accrued interest. Accrued interest has been added to the price in calculating the yields set forth in the table.

S-47
Sensitivity of Class BI to Prepayments

Assumed Price 1.125%*

7.36900% One-Year Adjusted CME Term SOFR

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

9.21500% ...... ...................... **   ** 

SECURITY GROUP 3

Sensitivity of Class CI to Prepayments

Assumed Price 4.854904%*

5.01000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR

5.31864% ....... ..............

75%

(2.0)%

100%

(5.9)%

125%

(9.8)%

150%

(13.9)%

Sensitivity of Class CI to Prepayments

Assumed Price 4.854904%*

9.92500% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

10.84482% ................. (50.3)% (56.9)% (59.7)% (62.5)%

Sensitivity of Class CI to Prepayments

Assumed Price 4.854904%*

14.84000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

16.37100% ............................ **   ** 

SECURITY GROUP 4

Sensitivity of Class DI to Prepayments

Assumed Price 6.448785%*

5.01000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

5.31864% .................... (4.6)% (8.3)% (12.1)% (15.9)%

* The price does not include accrued interest. Accrued interest has been added to the price in calculating the yields set forth in the table.

** Indicates that investors will suffer a loss of virtually all of their investment.

S-48
Sensitivity of Class DI to Prepayments

Assumed Price 6.448785%*

9.92500% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

10.84482% ................. (42.9)% (50.6)% (53.9)% (56.7)%

Sensitivity of Class DI to Prepayments

Assumed Price 6.448785%*

14.84000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

16.37100% ............................ **   ** 

SECURITY GROUP 5

Sensitivity of Class EI to Prepayments

Assumed Price 6.947576%*

5.01000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR

5.31864% ....... .............

75%

(5.6)%

100%

(9.4)%

125%

(13.3)%

150%

(17.3)%

Sensitivity of Class EI to Prepayment

Assumed Price 6.947576%*

s

9.92500% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

10.84482% ................. (42.4)% (49.6)% (52.7)% (55.6)%

Sensitivity of Class EI to Prepayments

Assumed Price 6.947576%*

14.84000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

16.37100% ............................ **   ** 

* The price does not include accrued interest. Accrued interest has been added to the price in calculating the yields set forth in the table.

** Indicates that investors will suffer a loss of virtually all of their investment.

S-49
SECURITY GROUPS 3, 4 AND 5

Sensitivity of Class MI to Prepayments

Assumed Price 5.00890%*

5.01000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR

5.31864% ....... .............

75%

(2.4)%

100%

(6.2)% (

125%

10.2)%

150%

(14.2)%

Sensitivity of Class MI to Prepaymen

Assumed Price 5.00890%*

ts

9.92500% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

10.84482% ................. (49.4)% (56.1)% (59.0)% (61.8)%

Sensitivity of Class MI to Prepayments

Assumed Price 5.00890%*

14.84000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

16.37100% ............................ **   ** 

SECURITY GROUP 6

Sensitivity of Class GI to Prepayments

Assumed Price 6.70803%*

5.01000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR

5.31864% ....... ..............

75%

(0.5)%

100%

(4.2)%

125%

(7.9)%

150%

(11.6)%

Sensitivity of Class GI to Prepayments

Assumed Price 6.70803%*

9.92500% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

10.84482% ................. (49.1)% (52.4)% (56.0)% (59.7)%

* The price does not include accrued interest. Accrued interest has been added to the price in calculating the yields set forth in the table.

** Indicates that investors will suffer a loss of virtually all of their investment.

S-50
Sensitivity of Class GI to Prepayments

Assumed Price 6.70803%*

14.84000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

16.37100% ...... ........... (61.5)% (66.4)% (72.8)% (83.2)%

SECURITY GROUP 7

Sensitivity of Class HI to Prepayments

Assumed Price 6.59213%*

5.01000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR

5.31864% ....... ..............

75%

(2.0)%

100%

(5.4)%

125%

(8.9)%

150%

(12.4)%

Sensitivity of Class HI to Prepaymen

Assumed Price 6.59213%*

ts

9.92500% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR

10.84482% ...... ...........

75%

(59.1)%

100%

(61.9)% (

125%

64.8)%

150%

(67.9)%

Sensitivity of Class HI to Prepaymen

Assumed Price 6.59213%*

ts

14.84000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

16.37100% ................. (59.5)% (62.3)% (65.3)% (68.4)%

SECURITY GROUP 8

Sensitivity of Class KI to Prepayments

Assumed Price 3.83849%*

5.01000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

5.31864% .................. (16.7)% (20.3)% (24.0)% (27.8)%

* The price does not include accrued interest. Accrued interest has been added to the price in calculating the yields set forth in the table.

S-51
Sensitivity of Class KI to Prepayments

Assumed Price 3.83849%*

9.92500% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR

10.84482% ...... ...........

75%

(79.2)%

100%

(79.2)% (

125%

79.2)%

150%

(79.2)%

Sensitivity of Class KI to Prepaymen

Assumed Price 3.83849%*

ts

14.84000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

16.37100% ...... ........... (79.2)% (79.2)% (79.2)% (79.2)%

SECURITY GROUPS 6, 7 AND 8

Sensitivity of Class NI to Prepayments

Assumed Price 5.90841%*

5.01000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR

5.31864% ....... .............

75%

(3.3)%

100%

(6.9)%

125%

(10.5)%

150%

(14.1)%

Sensitivity of Class NI to Prepaymen

Assumed Price 5.90841%*

ts

9.92500% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR

10.84482% ...... ...........

75%

(56.8)%

100%

(59.8)%

125%

(63.1)%

150%

(66.5)%

Sensitivity of Class NI to Prepaymen

Assumed Price 5.90841%*

ts

14.84000% One-Year CMT

PPC Prepayment Assumption Rates

30-day Average SOFR 75% 100% 125% 150%

16.37100% ................. (61.8)% (65.1)% (68.7)% (72.6)%

* The price does not include accrued interest. Accrued interest has been added to the price in calculating the yields set forth in the table.

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

S-52
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 Morgan, Lewis & Bockius 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 Assets, a Double

REMIC Series as to the Group 5 Assets, a Double REMIC Series as to the Group 6 Assets, a Double

REMIC Series as to the Group 7 Assets, a Double REMIC Series as to the Group 8 Assets and a Double

REMIC Series as to the Group 9 Assets, each for United States federal income tax purposes. Separate

REMIC elections will be made for the Group 1 Pooling REMIC, the Group 1 Issuing REMIC, the Group 2

Pooling REMIC, the Group 2 Issuing REMIC, the Group 3 Pooling REMIC, the Group 3 Issuing REMIC,

the Group 4 Pooling REMIC, the Group 4 Issuing REMIC, the Group 5 Pooling REMIC, the Group 5

Issuing REMIC, the Group 6 Pooling REMIC, the Group 6 Issuing REMIC, the Group 7 Pooling REMIC,

the Group 7 Issuing REMIC, the Group 8 Pooling REMIC, the Group 8 Issuing REMIC, the Group 9

Pooling REMIC and the Group 9 Issuing 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, the Group 6 Issuing REMIC, the Group 7 Issuing REMIC, the Group 8 Issuing REMIC and the

Group 9 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,

One-Year Adjusted CME Term 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-53
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 RR1 Securities

Class RR2 Securities

Class RR3 Securities

Class RR4 Securities

Class RR5 Securities

Class RR6 Securities

Class RR7 Securities

Class RR8 Securities

Class RR9 Securities

Group 1 Pooling REMIC and Group 1 Issuing REMIC

Group 2 Pooling REMIC and Group 2 Issuing REMIC

Group 3 Pooling REMIC and Group 3 Issuing REMIC

Group 4 Pooling REMIC and Group 4 Issuing REMIC

Group 5 Pooling REMIC and Group 5 Issuing REMIC

Group 6 Pooling REMIC and Group 6 Issuing REMIC

Group 7 Pooling REMIC and Group 7 Issuing REMIC

Group 8 Pooling REMIC and Group 8 Issuing REMIC

Group 9 Pooling REMIC and Group 9 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 assumption 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-54
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.

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.

S-55
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 Morgan, Lewis & Bockius LLP, Washington, DC, and Marcell Solomon & Associates P.C.,

Bowie, Maryland, and for the Trustee by Faegre Drinker Biddle & Reath LLP, Minneapolis, Minnesota.

S-56
Schedule I

S-I-1

Available Combinations(1)

REMIC Securities MX Securities

Maximum

Original Class Original Class

Principal or Principal Final

Notional Related or Notional Principal Interest Interest CUSIP Distribution

Class Balance MX Class Balance(2) Type(3) Rate Type(3) Number Date(4)

Security Groups 3 and 4

Combination 1(6)

CF $14,558,748 FM $16,397,080 HPT (5) FLT/HWAC/HZ 38383KRZ7 March 2074

FD 1,838,332

Security Groups 3, 4 and 5

Combination 2(6)

CI $44,558,748 MI $48,510,292 NTL(HPT) (5) HWAC/IO/DLY 38383KSA1 March 2074

DI 1,838,332EI 2,113,212

Security Groups 6, 7 and 8

Combination 3(6)

GI $23,000,000 NI $96,175,203 NTL(HPT) (5) HWAC/IO/DLY 38383KSB9 March 2074

HI 48,160,000KI 25,015,203

(1) All exchanges must comply with minimum denomination restrictions.

(2) The amount shown for the 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.
A-1

Exhibit

A

Assumed Characteristics of the HECMs and the Participations Underlying the Group

1 and

3 through

8 and Subgroup 9A Trust

Assets(1)

Approximate Approximate Approximate Approximate

Weighted Approximate Weighted Weighted Weighted

Approximate Average Weighted Approximate Average Average Approximate Average

Weighted Next Average Weighted Gross Gross Approximate Weighted Initial Subsequent Remaining

HECMMBS AverageHECM HECM RateReset Rate Gross Average Lifetime Lifetime Weighted Average Monthly Monthly Monthly Draw Term Initial

Groupor Percentageof Principal HECMLoan Age Interest Frequency Reset Month InterestRate Gross InterestRate InterestRate Average MIP ServicingFee Servicing Scheduled Scheduled (inmonths) Available Line Available Lineof MaximumClaim Pool HECMMBS Issue

Subgroup PaymentPlan PoolinTrust Balance(2) Balance (inmonths)(3) Type Index (4) (5) (6) Margin(7) Floor(8) Cap(9) Fee(10) Margin(11) Fee(12) Draw(13) Draw(14) (15) ofCredit(16) Credit(17) Amount(18) Number Date

1 Line Of Credit 100.0000000000% $14,179,532.04 $1,579,988,379.82 14 FLT 1-year CMT Monthly 1 7.433% 2.555% 2.555% 11.870% 0.500% 0.360% (21) (19) (19) (19) (22) $616,695,693.76 $4,532,187,965.00 CY6960 February 2024

1 Modified Tenure 100.0000000000% 527,875.90 21,022,161.72 13 FLT 1-year CMT Monthly 1 7.466% 2.591% 2.591% 11.659% 0.500% 0.360% (21) $300,541.94 $300,541.94 (20) (22) 17,283,793.23 122,313,110.00 CY6960 February 2024

1 Modified Term 100.0000000000% 1,314,999.76 45,322,882.34 13 FLT 1-year CMT Monthly 1 7.433% 2.559% 2.559% 11.822% 0.500% 0.360% (21) 987,475.42 987,475.42 62 (22) 20,666,214.57 201,348,225.00 CY6960 February 2024

1 Tenure 100.0000000000% 134,828.13 8,454,788.20 13 FLT 1-year CMT Monthly 1 7.475% 2.601% 2.601% 11.753% 0.500% 0.360% (21) 120,715.51 120,715.51 (20) $ 0.00 0.00 44,840,000.00 CY6960 February 2024

1 Term 100.0000000000% 146,278.04 7,922,223.34 13 FLT 1-year CMT Monthly 1 7.450% 2.572% 2.572% 11.904% 0.500% 0.360% (21) 141,214.34 141,214.34 85 0.00 0.00 31,716,800.00 CY6960 February 2024

1 Line Of Credit 100.0000000000% 10,250,102.14 2,198,811,007.82 15 FLT 1-year CMT Monthly 1 7.230% 2.355% 2.355% 11.506% 0.500% 0.360% (21) (19) (19) (19) (22) 669,369,385.72 5,621,268,408.00 CZ2280 February 2024

1 Modified Tenure 100.0000000000% 440,410.87 27,414,816.30 12 FLT 1-year CMT Monthly 1 7.308% 2.432% 2.432% 12.016% 0.500% 0.360% (21) 308,093.48 308,093.48 (20) (22) 18,943,374.44 132,242,400.00 CZ2280 February 2024

1 Modified Term 100.0000000000% 1,035,564.35 46,541,664.82 14 FLT 1-year CMT Monthly 1 7.316% 2.443% 2.443% 11.578% 0.500% 0.360% (21) 879,313.73 879,313.73 68 (22) 16,676,468.25 181,019,600.00 CZ2280 February 2024

1 Tenure 100.0000000000% 149,830.07 14,023,301.72 13 FLT 1-year CMT Monthly 1 7.283% 2.407% 2.407% 11.594% 0.500% 0.360% (21) 139,417.07 139,417.07 (20) 0.00 0.00 64,410,400.00 CZ2280 February 2024

1 Term 100.0000000000% 116,983.60 8,557,014.17 12 FLT 1-year CMT Monthly 1 7.254% 2.378% 2.378% 11.824% 0.500% 0.360% (21) 110,428.29 110,428.29 126 0.00 0.00 36,065,400.00 CZ2280 February 2024

1 Line Of Credit 100.0000000000% 6,660,370.41 139,082,148.42 15 FLT 1-year CMT Monthly 1 7.238% 2.365% 2.365% 11.385% 0.500% 0.360% (21) (19) (19) (19) (22) 48,085,680.30 370,823,748.00 CZ2284 February 2024

1 Modified Tenure 100.0000000000% 31,117.63 1,679,198.74 14 FLT 1-year CMT Monthly 1 7.097% 2.201% 2.201% 11.097% 0.500% 0.360% (21) 13,830.22 13,830.22 (20) (22) 1,135,896.97 7,008,600.00 CZ2284 February 2024

1 Modified Term 100.0000000000% 65,377.71 2,143,069.89 15 FLT 1-year CMT Monthly 1 7.346% 2.471% 2.471% 11.298% 0.500% 0.360% (21) 47,867.28 47,867.28 60 (22) 1,291,489.48 9,216,800.00 CZ2284 February 2024

1 Tenure 100.0000000000% 1,053.41 153,885.88 16 FLT 1-year CMT Monthly 1 7.210% 2.362% 2.362% 11.184% 0.500% 0.360% (21) 2,349.99 2,349.99 (20) 0.00 0.00 860,000.00 CZ2284 February 2024

1 Term 100.0000000000% 4,214.87 174,833.45 13 FLT 1-year CMT Monthly 1 7.515% 2.640% 2.640% 11.724% 0.500% 0.360% (21) 3,228.19 3,228.19 96 0.00 0.00 910,500.00 CZ2284 February 2024 1 Line Of Credit 100.0000000000% 10,199,950.28 2,518,393,631.46 18 FLT 1-year CMT Monthly 1 6.986% 2.229% 2.229% 10.303% 0.500% 0.360% (21) (19) (19) (19) (22) 558,872,870.41 5,325,839,030.00 CZ4341 February 2024

1 Modified Tenure 100.0000000000% 207,186.71 17,844,360.83 14 FLT 1-year CMT Monthly 1 7.020% 2.264% 2.264% 10.977% 0.500% 0.360% (21) 118,885.66 118,885.66 (20) (22) 10,198,615.54 73,304,950.00 CZ4341 February 2024

1 Modified Term 100.0000000000% 792,025.84 58,261,546.62 18 FLT 1-year CMT Monthly 1 7.009% 2.251% 2.251% 10.199% 0.500% 0.360% (21) 583,279.84 583,279.84 80 (22) 14,296,924.97 174,207,005.00 CZ4341 February 2024

1 Tenure 100.0000000000% 157,765.97 12,347,110.25 15 FLT 1-year CMT Monthly 1 7.096% 2.343% 2.343% 11.024% 0.500% 0.360% (21) 124,172.18 124,172.18 (20) 0.00 0.00 48,532,725.00 CZ4341 February 2024

1 Term 100.0000000000% 87,775.07 8,340,462.76 19 FLT 1-year CMT Monthly 1 6.905% 2.151% 2.151% 9.906% 0.500% 0.360% (21) 81,169.87 81,169.87 105 0.00 0.00 23,789,975.00 CZ4341 February 2024

1 Line Of Credit 100.0000000000% 5,079,674.08 148,093,255.34 19 FLT 1-year CMT Monthly 1 7.160% 2.282% 2.282% 10.237% 0.500% 0.360% (21) (19) (19) (19) (22) 42,693,271.15 351,790,564.00 CZ7734 February 2024

1 Modified Tenure 100.0000000000% 39,832.58 755,213.19 14 FLT 1-year CMT Monthly 1 7.133% 2.258% 2.258% 11.223% 0.500% 0.360% (21) 4,890.39 4,890.39 (20) (22) 797,743.74 4,230,100.00 CZ7734 February 2024

1 Modified Term 100.0000000000% 38,722.32 1,540,638.14 7 FLT 1-year CMT Monthly 1 6.915% 2.038% 2.038% 11.656% 0.500% 0.360% (21) 12,977.83 12,977.83 98 237,586.21 738,592.08 4,947,175.00 CZ7734 February 20241 Line Of Credit 100.0000000000% 6,159,948.06 212,431,327.93 22 FLT 1-year CMT Monthly 1 7.288% 2.405% 2.405% 9.749% 0.500% 0.360% (21) (19) (19) (19) (22) 46,763,371.00 458,468,315.00 CZ7735 February 2024

1 Modified Tenure 100.0000000000% 2,005.33 148,596.90 30 FLT 1-year CMT Monthly 1 6.375% 1.500% 1.500% 6.570% 0.500% 0.360% (21) 1,000.00 1,000.00 (20) (22) 58,697.64 525,000.00 CZ7735 February 2024

1 Modified Term 100.0000000000% 109,427.95 4,014,462.22 22 FLT 1-year CMT Monthly 1 7.447% 2.539% 2.539% 9.769% 0.500% 0.360% (21) 21,104.64 21,104.64 33 (22) 1,527,757.10 9,492,225.00 CZ7735 February 2024

1 Line Of Credit 100.0000000000% 5,018,112.16 173,036,317.26 19 FLT 1-year CMT Monthly 1 7.233% 2.355% 2.355% 10.289% 0.500% 0.360% (21) (19) (19) (19) (22) 49,895,248.37 404,449,372.00 CZ7740 February 2024

1 Modified Tenure 100.0000000000% 41,837.42 1,725,058.79 16 FLT 1-year CMT Monthly 1 7.398% 2.523% 2.523% 11.663% 0.500% 0.360% (21) 9,521.37 9,521.37 (20) (22) 1,281,259.22 6,180,550.00 CZ7740 February 2024

1 Modified Term 100.0000000000% 52,119.32 2,199,098.30 17 FLT 1-year CMT Monthly 1 7.362% 2.489% 2.489% 10.557% 0.500% 0.360% (21) 21,337.88 21,337.88 74 (22) 1,107,790.60 7,718,475.00 CZ7740 February 2024 1 Tenure 100.0000000000% 2,009.79 317,505.84 11 FLT 1-year CMT Monthly 1 7.402% 2.526% 2.526% 12.307% 0.500% 0.360% (21) 1,539.36 1,539.36 (20) 0.00 0.00 1,172,000.00 CZ7740 February 2024 1 Term 100.0000000000% 810.03 106,296.61 5 FLT 1-year CMT Monthly 1 7.250% 2.390% 2.390% 12.790% 0.500% 0.360% (21) 751.55 751.55 96 0.00 0.00 470,000.00 CZ7740 February 2024 3 Line Of Credit 82.9485311192% 27,418,712.31 30,146,479.39 30 FLT 1-year CMT Monthly 1 6.949% 2.070% 2.070% 12.143% 0.500% 0.360% (21) (19) (19) (19) (22) 2,590,720.51 50,143,839.00 CH7767 October 2021 3 Modified Tenure 82.9485311192% 372,406.60 432,721.91 30 FLT 1-year CMT Monthly 1 7.513% 2.633% 2.633% 12.712% 0.500% 0.360% (21) 800.00 800.00 (20) (22) 173,746.90 885,000.00 CH7767 October 2021 3 Tenure 82.9485311192% 85,106.26 92,790.85 31 FLT 1-year CMT Monthly 1 7.130% 2.250% 2.250% 12.320% 0.500% 0.360% (21) 125.24 125.24 (20) 0.00 0.00 235,000.00 CH7767 October 2021 3 Line Of Credit 100.0000000000% 3,201,891.86 615,678,041.00 27 FLT 1-year CMT Monthly 1 7.374% 2.600% 2.600% 13.978% 0.500% 0.360% (21) (19) (19) (19) (22) 78,707,010.66 1,091,133,736.00 CW9872 September 2023 3 Modified Tenure 100.0000000000% 26,525.72 5,248,437.60 30 FLT 1-year CMT Monthly 1 6.967% 2.188% 2.188% 12.940% 0.500% 0.360% (21) 20,063.76 20,063.76 (20) (22) 858,669.53 11,821,425.00 CW9872 September 2023 3 Modified Term 100.0000000000% 135,718.82 12,009,981.51 30 FLT 1-year CMT Monthly 1 7.104% 2.334% 2.334% 13.049% 0.500% 0.360% (21) 94,444.25 94,444.25 107 (22) 1,688,660.78 27,602,225.00 CW9872 September 2023 3 Tenure 100.0000000000% 20,076.51 1,546,679.74 22 FLT 1-year CMT Monthly 1 7.822% 3.064% 3.064% 15.526% 0.500% 0.360% (21) 15,876.26 15,876.26 (20) 0.00 0.00 5,266,800.00 CW9872 September 2023 3 Term 100.0000000000% 12,085.33 1,348,708.88 32 FLT 1-year CMT Monthly 1 7.457% 2.672% 2.672% 13.206% 0.500% 0.360% (21) 10,764.73 10,764.73 168 0.00 0.00 4,174,000.00 CW9872 September 2023 3 Line Of Credit 100.0000000000% 2,533,002.39 637,088,262.13 29 FLT 1-year CMT Monthly 1 7.260% 2.486% 2.486% 13.493% 0.500% 0.360% (21) (19) (19) (19) (22) 81,755,076.91 1,127,912,781.00 CW9901 November 2023 3 Modified Tenure 100.0000000000% 31,967.26 5,730,013.46 43 FLT 1-year CMT Monthly 1 6.980% 2.199% 2.199% 13.237% 0.500% 0.360% (21) 22,582.11 22,582.11 (20) (22) 1,020,848.92 12,484,425.00 CW9901 November 2023 3 Modified Term 100.0000000000% 115,514.68 12,009,981.51 29 FLT 1-year CMT Monthly 1 7.174% 2.396% 2.396% 13.442% 0.500% 0.360% (21) 94,444.25 94,444.25 73 (22) 1,688,660.78 27,602,225.00 CW9901 November 2023 3 Tenure 100.0000000000% 18,698.67 1,546,679.74 22 FLT 1-year CMT Monthly 1 7.738% 2.979% 2.979% 15.322% 0.500% 0.360% (21) 15,876.26 15,876.26 (20) 0.00 0.00 5,266,800.00 CW9901 November 2023 3 Term 100.0000000000% 13,023.96 1,348,708.88 32 FLT 1-year CMT Monthly 1 7.391% 2.608% 2.608% 13.120% 0.500% 0.360% (21) 10,764.73 10,764.73 165 0.00 0.00 4,174,000.00 CW9901 November 2023 3 Line Of Credit 100.0000000000% 1,201,075.58 60,435,794.27 29 FLT 1-year CMT Monthly 1 7.369% 2.492% 2.492% 13.310% 0.500% 0.360% (21) (19) (19) (19) (22) 10,924,935.27 115,887,850.00 CX8108 October 2023 3 Modified Tenure 100.0000000000% 210.83 169,266.70 25 FLT 1-year CMT Monthly 1 8.125% 3.250% 3.250% 14.230% 0.500% 0.360% (21) 1,000.00 1,000.00 (20) (22) 9,928.11 610,000.00 CX8108 October 2023 3 Modified Term 100.0000000000% 3,205.87 444,557.16 38 FLT 1-year CMT Monthly 1 7.269% 2.390% 2.390% 12.514% 0.500% 0.360% (21) 2,572.00 2,572.00 101 (22) 57,335.25 980,585.00 CX8108 October 2023 3 Line Of Credit 100.0000000000% 2,327,382.32 627,207,726.93 27 FLT 1-year CMT Monthly 1 7.173% 2.295% 2.295% 13.683% 0.500% 0.360% (21) (19) (19) (19) (22) 76,347,506.97 1,112,189,435.00 CY1814 December 2023 3 Modified Tenure 100.0000000000% 41,284.47 2,841,602.01 25 FLT 1-year CMT Monthly 1 7.417% 2.539% 2.539% 14.804% 0.500% 0.360% (21) 17,296.12 17,296.12 (20) (22) 1,538,336.20 8,976,500.00 CY1814 December 2023 3 Modified Term 100.0000000000% 78,160.95 6,876,308.50 32 FLT 1-year CMT Monthly 1 7.325% 2.446% 2.446% 12.848% 0.500% 0.360% (21) 51,019.06 51,019.06 99 (22) 2,326,255.54 20,330,350.00 CY1814 December 2023 3 Tenure 100.0000000000% 12,042.49 1,553,345.67 27 FLT 1-year CMT Monthly 1 7.176% 2.297% 2.297% 13.628% 0.500% 0.360% (21) 7,457.03 7,457.03 (20) 0.00 0.00 4,790,475.00 CY1814 December 2023 3 Term 100.0000000000% 23,893.77 2,650,228.54 32 FLT 1-year CMT Monthly 1 7.089% 2.211% 2.211% 12.467% 0.500% 0.360% (21) 20,132.75 20,132.75 86 0.00 0.00 5,744,375.00 CY1814 December 2023 3 Line Of Credit 100.0000000000% 1,767,147.38 139,629,166.99 29 FLT 1-year CMT Monthly 1 7.265% 2.388% 2.388% 13.289% 0.500% 0.360% (21) (19) (19) (19) (22) 25,082,883.34 268,616,319.00 CY5079 January 2024 3 Modified Tenure 100.0000000000% 36,867.68 851,198.24 29 FLT 1-year CMT Monthly 1 6.896% 2.021% 2.021% 12.111% 0.500% 0.360% (21) 2,550.00 2,550.00 (20) (22) 229,589.23 1,581,375.00 CY5079 January 2024 3 Modified Term 100.0000000000% 8,016.86 722,972.07 33 FLT 1-year CMT Monthly 1 7.806% 2.927% 2.927% 13.109% 0.500% 0.360% (21) 5,390.60 5,390.60 157 (22) 248,955.73 1,953,500.00 CY5079 January 2024 3 Tenure 100.0000000000% 525.67 47,474.38 25 FLT 1-year CMT Monthly 1 7.375% 2.500% 2.500% 13.080% 0.500% 0.360% (21) 487.10 487.10 (20) 0.00 0.00 300,000.00 CY5079 January 2024 3 Line Of Credit 100.0000000000% 407,426.87 147,759,202.57 30 FLT 1-year CMT Monthly 1 7.245% 2.368% 2.368% 12.632% 0.500% 0.360% (21) (19) (19) (19) (22) 15,139,306.82 247,292,915.00 CY5081 January 2024 3 Modified Tenure 100.0000000000% 2,670.79 492,117.43 32 FLT 1-year CMT Monthly 1 6.725% 1.846% 1.846% 11.908% 0.500% 0.360% (21) 2,300.00 2,300.00 (20) (22) 86,732.88 1,662,375.00 CY5081 January 2024 3 Modified Term 100.0000000000% 30,964.82 5,498,054.72 30 FLT 1-year CMT Monthly 1 7.134% 2.258% 2.258% 12.569% 0.500% 0.360% (21) 24,102.33 24,102.33 86 (22) 761,342.16 10,736,750.00 CY5081 January 2024 3 Tenure 100.0000000000% 1,585.75 435,054.19 31 FLT 1-year CMT Monthly 1 7.309% 2.392% 2.392% 12.457% 0.500% 0.360% (21) 1,263.67 1,263.67 (20) 0.00 0.00 1,022,000.00 CY5081 January 2024 3 Term 100.0000000000% 5,626.28 1,143,505.76 30 FLT 1-year CMT Monthly 1 7.307% 2.432% 2.432% 12.519% 0.500% 0.360% (21) 4,765.08 4,765.08 105 0.00 0.00 2,152,375.00 CY5081 January 2024 3 Line Of Credit 100.0000000000% 1,748,770.69 1,046,116,181.47 30 FLT 1-year CMT Monthly 1 7.298% 2.421% 2.421% 12.912% 0.500% 0.360% (21) (19) (19) (19) (22) 117,067,425.16 1,799,568,791.00 CZ0820 December 2023 3 Modified Tenure 100.0000000000% 25,243.55 5,133,814.73 29 FLT 1-year CMT Monthly 1 7.308% 2.428% 2.428% 13.089% 0.500% 0.360% (21) 21,470.26 21,470.26 (20) (22) 1,254,197.44 12,824,125.00 CZ0820 December 2023 3 Modified Term 100.0000000000% 40,808.57 7,463,281.88 31 FLT 1-year CMT Monthly 1 7.308% 2.430% 2.430% 13.076% 0.500% 0.360% (21) 54,672.04 54,672.04 127 (22) 1,267,852.67 15,888,560.00 CZ0820 December 2023 3 Tenure 100.0000000000% 15,003.87 1,989,347.58 32 FLT 1-year CMT Monthly 1 7.443% 2.565% 2.565% 13.432% 0.500% 0.360% (21) 12,242.93 12,242.93 (20) 0.00 0.00 6,552,700.00 CZ0820 December 2023 3 Term 100.0000000000% 33,498.51 2,680,560.10 31 FLT 1-year CMT Monthly 1 7.273% 2.396% 2.396% 13.048% 0.500% 0.360% (21) 31,111.39 31,111.39 93 0.00 0.00 6,402,800.00 CZ0820 December 2023 3 Line Of Credit 100.0000000000% 1,425,865.54 1,048,405,407.67 26 FLT 1-year CMT Monthly 1 7.261% 2.384% 2.384% 13.710% 0.500% 0.360% (21) (19) (19) (19) (22) 122,852,225.30 1,815,605,516.00 CZ0844 February 2024 3 Modified Tenure 100.0000000000% 25,694.57 4,723,722.16 29 FLT 1-year CMT Monthly 1 7.309% 2.430% 2.430% 13.226% 0.500% 0.360% (21) 20,870.26 20,870.26 (20) (22) 996,197.05 12,001,750.00 CZ0844 February 2024 3 Modified Term 100.0000000000% 41,359.10 7,452,279.80 33 FLT 1-year CMT Monthly 1 7.346% 2.469% 2.469% 12.839% 0.500% 0.360% (21) 52,072.04 52,072.04 125 (22) 1,265,402.73 15,934,560.00 CZ0844 February 2024 3 Tenure 100.0000000000% 13,880.69 2,187,769.63 32 FLT 1-year CMT Monthly 1 7.445% 2.567% 2.567% 13.488% 0.500% 0.360% (21) 12,267.22 12,267.22 (20) 0.00 0.00 6,862,700.00 CZ0844 February 2024

3 Term 100.0000000000% 33,159.28 2,680,560.10 31 FLT 1-year CMT Monthly 1 7.273% 2.395% 2.395% 13.048% 0.500% 0.360% (21) 31,111.39 31,111.39 93 0.00 0.00 6,402,800.00 CZ0844 February 2024
Approximate Approximate Approximate Approximate

Weighted Approximate Weighted Weighted Weighted

Approximate Average Weighted Approximate Average Average Approximate Average

Weighted Next Average Weighted Gross Gross Approximate Weighted Initial Subsequent Remaining

HECMMBS AverageHECM HECM RateReset Rate Gross Average Lifetime Lifetime Weighted Average Monthly Monthly Monthly Draw Term Initial

Groupor Percentageof Principal HECMLoan Age Interest Frequency Reset Month InterestRate Gross InterestRate InterestRate Average MIP ServicingFee Servicing Scheduled Scheduled (inmonths) Available Line Available Lineof MaximumClaim Pool HECMMBS Issue

Subgroup PaymentPlan PoolinTrust Balance(2) Balance (inmonths)(3) Type Index (4) (5) (6) Margin(7) Floor(8) Cap(9) Fee(10) Margin(11) Fee(12) Draw(13) Draw(14) (15) ofCredit(16) Credit(17) Amount(18) Number Date

A-2

3 Line Of Credit 100.0000000000% $ 1,554,563.72 $ 623,635,715.20 29 FLT 1-year CMT Monthly 1 7.183% 2.305% 2.305% 13.225% 0.500% 0.360% (21) (19) (19) (19) (22) $ 75,363,766.52 $ 1,105,386,735.00 CZ2282 February 2024

3 Modified Tenure 100.0000000000% 29,711.76 2,453,689.40 23 FLT 1-year CMT Monthly 1 7.406% 2.530% 2.530% 15.211% 0.500% 0.360% (21) $ 16,796.12 $ 16,796.12 (20) (22) 1,375,316.64 8,346,500.00 CZ2282 February 2024

3 Modified Term 100.0000000000% 63,577.06 6,876,308.50 31 FLT 1-year CMT Monthly 1 7.215% 2.336% 2.336% 12.797% 0.500% 0.360% (21) 51,019.06 51,019.06 102 (22) 2,326,255.54 20,330,350.00 CZ2282 February 2024

3 Tenure 100.0000000000% 8,594.75 1,553,345.67 29 FLT 1-year CMT Monthly 1 7.236% 2.358% 2.358% 13.202% 0.500% 0.360% (21) 7,457.03 7,457.03 (20) 0.00 0.00 4,790,475.00 CZ2282 February 2024

3 Term 100.0000000000% 22,890.70 2,650,228.54 32 FLT 1-year CMT Monthly 1 7.092% 2.213% 2.213% 12.445% 0.500% 0.360% (21) 20,132.75 20,132.75 95 0.00 0.00 5,744,375.00 CZ2282 February 2024

3 Line Of Credit 100.0000000000% 729,635.91 19,068,387.67 30 FLT 1-year CMT Monthly 1 7.034% 2.257% 2.257% 12.873% 0.500% 0.360% (21) (19) (19) (19) (22) 3,419,075.00 36,962,100.00 CZ4329 January 2024 3 Modified Term 100.0000000000% 1,028.19 91,543.48 32 FLT 1-year CMT Monthly 1 7.000% 2.250% 2.250% 12.340% 0.500% 0.360% (21) 900.00 900.00 147 (22) 1,504.03 315,000.00 CZ4329 January 2024 3 Line Of Credit 100.0000000000% 1,391,105.27 638,169,554.61 26 FLT 1-year CMT Monthly 1 7.227% 2.454% 2.454% 13.560% 0.500% 0.360% (21) (19) (19) (19) (22) 82,728,997.12 1,143,684,831.00 CZ4340 February 2024 3 Modified Tenure 100.0000000000% 27,600.07 5,576,613.46 44 FLT 1-year CMT Monthly 1 6.997% 2.212% 2.212% 12.963% 0.500% 0.360% (21) 21,582.11 21,582.11 (20) (22) 887,284.95 12,024,425.00 CZ4340 February 2024 3 Modified Term 100.0000000000% 75,766.30 11,090,374.33 28 FLT 1-year CMT Monthly 1 7.152% 2.376% 2.376% 12.933% 0.500% 0.360% (21) 68,726.35 68,726.35 102 (22) 1,680,641.92 25,894,625.00 CZ4340 February 2024 3 Tenure 100.0000000000% 17,098.77 1,536,939.69 21 FLT 1-year CMT Monthly 1 7.701% 2.941% 2.941% 15.215% 0.500% 0.360% (21) 15,876.26 15,876.26 (20) 0.00 0.00 5,266,800.00 CZ4340 February 2024 3 Term 100.0000000000% 11,710.41 1,339,628.28 30 FLT 1-year CMT Monthly 1 7.452% 2.667% 2.667% 13.193% 0.500% 0.360% (21) 10,764.73 10,764.73 174 0.00 0.00 4,174,000.00 CZ4340 February 2024 3 Line Of Credit 100.0000000000% 490,899.82 33,000,470.04 22 FLT 1-year CMT Monthly 1 7.251% 2.491% 2.491% 14.421% 0.500% 0.360% (21) (19) (19) (19) (22) 5,321,945.12 64,206,609.00 CZ4352 February 2024 3 Term 100.0000000000% 635.56 192,088.38 31 FLT 1-year CMT Monthly 1 7.435% 2.625% 2.625% 12.675% 0.500% 0.360% (21) 534.71 534.71 133 0.00 0.00 352,000.00 CZ4352 February 2024 3 Line Of Credit 100.0000000000% 1,547,801.22 83,376,923.72 29 FLT 1-year CMT Monthly 1 7.298% 2.419% 2.419% 13.411% 0.500% 0.360% (21) (19) (19) (19) (22) 10,378,293.42 150,516,681.00 CZ7739 February 2024 3 Modified Term 100.0000000000% 3,331.32 748,204.79 37 FLT 1-year CMT Monthly 1 7.171% 2.291% 2.291% 12.381% 0.500% 0.360% (21) 19,287.06 19,287.06 217 (22) 57,046.98 1,305,000.00 CZ7739 February 2024 4 Line Of Credit 100.0000000000% 1,704,082.75 1,047,776,268.22 26 FLT 1-year CMT Monthly 1 7.219% 2.446% 2.446% 13.815% 0.500% 0.360% (21) (19) (19) (19) (22) 122,304,428.38 1,815,962,891.00 CZ7748 March 2024 4 Modified Tenure 100.0000000000% 51,978.69 3,824,896.48 31 FLT 1-year CMT Monthly 1 7.180% 2.425% 2.425% 12.582% 0.500% 0.360% (21) 11,235.76 11,235.76 (20) (22) 781,146.80 8,352,750.00 CZ7748 March 2024 4 Modified Term 100.0000000000% 37,965.70 7,264,822.24 31 FLT 1-year CMT Monthly 1 7.217% 2.441% 2.441% 12.837% 0.500% 0.360% (21) 20,832.25 20,832.25 70 (22) 1,116,356.03 16,218,560.00 CZ7748 March 2024 4 Tenure 100.0000000000% 17,636.84 2,576,450.87 28 FLT 1-year CMT Monthly 1 7.407% 2.629% 2.629% 13.833% 0.500% 0.360% (21) 14,695.86 14,695.86 (20) 0.00 0.00 8,357,700.00 CZ7748 March 2024 4 Term 100.0000000000% 26,668.02 2,662,676.29 27 FLT 1-year CMT Monthly 1 7.106% 2.343% 2.343% 13.154% 0.500% 0.360% (21) 23,849.40 23,849.40 100 0.00 0.00 6,242,800.00 CZ7748 March 2024 5 Line Of Credit 100.0000000000% 1,974,192.54 621,016,460.22 28 FLT 1-year CMT Monthly 1 7.169% 2.381% 2.381% 13.293% 0.500% 0.360% (21) (19) (19) (19) (22) 77,917,120.35 1,104,438,435.00 DB0935 March 2024 5 Modified Tenure 100.0000000000% 33,806.60 2,485,482.71 21 FLT 1-year CMT Monthly 1 7.292% 2.527% 2.527% 15.366% 0.500% 0.360% (21) 16,796.12 16,796.12 (20) (22) 1,380,651.41 8,346,500.00 DB0935 March 2024 5 Modified Term 100.0000000000% 75,097.03 6,927,820.75 30 FLT 1-year CMT Monthly 1 7.203% 2.407% 2.407% 12.935% 0.500% 0.360% (21) 51,019.06 51,019.06 127 (22) 2,251,036.34 20,330,350.00 DB0935 March 2024 5 Tenure 100.0000000000% 9,150.59 1,561,389.63 28 FLT 1-year CMT Monthly 1 7.129% 2.351% 2.351% 13.146% 0.500% 0.360% (21) 7,457.03 7,457.03 (20) 0.00 0.00 4,790,475.00 DB0935 March 2024 5 Term 100.0000000000% 20,965.24 2,669,306.67 31 FLT 1-year CMT Monthly 1 7.022% 2.236% 2.236% 12.483% 0.500% 0.360% (21) 20,132.75 20,132.75 126 0.00 0.00 5,744,375.00 DB0935 March 2024 6 Line Of Credit 100.0000000000% 327,662.89 327,896.29 2 FLT 1-year CMT Annually 12 8.180% 3.340% 3.340% 13.180% 0.500% 0.360% (21) (19) (19) (19) $ 35,208.98 280,080.44 1,475,000.00 CY5087 February 2024 6 Line Of Credit 100.0000000000% 4,971,462.46 4,996,210.22 2 FLT 1-year CMT Monthly 1 7.119% 2.330% 2.330% 12.119% 0.500% 0.360% (21) (19) (19) (19) 888,568.70 2,947,726.29 18,818,825.00 CY6959 February 2024

6 Modified Term 100.0000000000% 72,763.99 75,814.28 2 FLT 1-year CMT Monthly 1 7.126% 2.336% 2.336% 12.126% 0.500% 0.360% (21) 3,150.00 3,150.00 70 144,324.83 281,229.28 1,035,000.00 CY6959 February 2024

6 Line Of Credit 100.0000000000% 694,197.30 695,043.93 2 FLT 1-year CMT Monthly 1 7.413% 2.641% 2.641% 17.481% 0.500% 0.360% (21) (19) (19) (19) 0.00 652,369.91 3,469,300.00 CZ4343 February 2024

6 Line Of Credit 100.0000000000% 2,385,481.92 83,685,918.87 19 FLT 1-year CMT Monthly 1 7.221% 2.347% 2.347% 10.235% 0.500% 0.360% (21) (19) (19) (19) (22) 27,115,323.10 202,217,993.00 CZ7731 February 2024

6 Modified Tenure 100.0000000000% 5,963.19 663,626.14 27 FLT 1-year CMT Monthly 1 6.870% 1.995% 1.995% 7.520% 0.500% 0.360% (21) 1,900.00 1,900.00 (20) (22) 304,078.57 2,117,375.00 CZ7731 February 2024

6 Modified Term 100.0000000000% 7,377.75 1,078,891.15 18 FLT 1-year CMT Monthly 1 7.164% 2.298% 2.298% 10.734% 0.500% 0.360% (21) 5,117.34 5,117.34 172 (22) 262,506.63 2,792,375.00 CZ7731 February 20246 Term 100.0000000000% 2,203.25 235,900.08 17 FLT 1-year CMT Monthly 1 7.125% 2.250% 2.250% 11.630% 0.500% 0.360% (21) 2,026.43 2,026.43 117 0.00 0.00 730,000.00 CZ7731 February 2024

6 Line Of Credit 100.0000000000% 3,966,477.33 126,782,123.40 21 FLT 1-year CMT Monthly 1 7.325% 2.443% 2.443% 10.070% 0.500% 0.360% (21) (19) (19) (19) (22) 30,009,503.99 275,904,480.00 CZ7732 February 2024

6 Modified Tenure 100.0000000000% 2,276.17 90,669.42 20 FLT 1-year CMT Monthly 1 7.755% 2.848% 2.848% 11.026% 0.500% 0.360% (21) 1,004.00 1,004.00 (20) (22) 105,507.80 474,500.00 CZ7732 February 2024

6 Modified Term 100.0000000000% 76,695.03 2,054,805.05 26 FLT 1-year CMT Monthly 1 7.127% 2.261% 2.261% 8.192% 0.500% 0.360% (21) 13,794.48 13,794.48 66 (22) 845,776.47 5,691,600.00 CZ7732 February 2024

6 Line Of Credit 100.0000000000% 226,294.23 16,545,510.22 23 FLT 1-year CMT Annually 12 6.953% 2.426% 2.426% 9.370% 0.500% 0.360% (21) (19) (19) (19) (22) 4,525,600.76 37,383,466.00 CZ7733 February 2024

6 Modified Term 100.0000000000% 30,912.53 532,788.11 20 FLT 1-year CMT Annually 12 7.446% 2.369% 2.369% 10.403% 0.500% 0.360% (21) 5,012.38 5,012.38 89 (22) 317,440.18 1,747,375.00 CZ7733 February 2024

6 Tenure 100.0000000000% 3,458.41 460,836.03 28 FLT 1-year CMT Annually 12 6.911% 2.507% 2.507% 8.662% 0.500% 0.360% (21) 1,392.17 1,392.17 (20) 0.00 0.00 1,245,000.00 CZ7733 February 2024 6 Term 100.0000000000% 1,021.06 94,988.61 20 FLT 1-year CMT Annually 12 7.740% 2.630% 2.630% 10.740% 0.500% 0.360% (21) 439.59 439.59 120 0.00 0.00 250,000.00 CZ7733 February 2024

6 Line Of Credit 100.0000000000% 8,309,978.00 8,315,901.39 2 FLT 1-year CMT Monthly 1 7.168% 2.372% 2.372% 12.169% 0.500% 0.360% (21) (19) (19) (19) 710,855.72 3,684,168.69 27,658,950.00 CZ7736 February 2024

6 Modified Tenure 100.0000000000% 181,438.65 183,526.16 2 FLT 1-year CMT Monthly 1 7.383% 2.580% 2.580% 12.383% 0.500% 0.360% (21) 1,734.92 1,734.92 (20) 40,890.85 49,639.32 1,205,000.00 CZ7736 February 2024

6 Line Of Credit 3.5156535852% 10,337,712.87 4,972,638,399.95 21 FLT 1-year CMT Monthly 1 7.153% 2.365% 2.365% 9.586% 0.500% 0.360% (21) (19) (19) (19) (22) 1,013,544,999.55 10,113,822,231.00 CZ7749 March 2024

6 Modified Tenure 3.5156535852% 237,187.27 23,849,649.40 23 FLT 1-year CMT Monthly 1 7.243% 2.467% 2.467% 9.229% 0.500% 0.360% (21) 149,706.98 149,706.98 (20) (22) 11,904,538.85 85,149,600.00 CZ7749 March 2024

6 Modified Term 3.5156535852% 751,009.19 68,589,036.73 21 FLT 1-year CMT Monthly 1 7.134% 2.344% 2.344% 9.633% 0.500% 0.360% (21) 419,509.67 419,509.67 56 (22) 23,975,381.38 196,103,350.00 CZ7749 March 2024

6 Tenure 3.5156535852% 136,209.96 16,730,719.64 22 FLT 1-year CMT Monthly 1 7.163% 2.374% 2.374% 9.363% 0.500% 0.360% (21) 124,674.72 124,674.72 (20) 0.00 0.00 55,526,150.00 CZ7749 March 2024

6 Term 3.5156535852% 173,042.71 17,874,479.05 23 FLT 1-year CMT Monthly 1 7.089% 2.297% 2.297% 9.029% 0.500% 0.360% (21) 157,406.94 157,406.94 117 0.00 0.00 48,532,150.00 CZ7749 March 2024

6 Line Of Credit 100.0000000000% 1,108,972.33 588,436,598.00 22 FLT 1-year CMT Monthly 1 6.889% 2.011% 2.011% 9.280% 0.500% 0.360% (21) (19) (19) (19) (22) 115,555,357.90 1,189,744,735.00 DA4454 February 2024

6 Modified Tenure 100.0000000000% 48,449.89 3,361,223.95 16 FLT 1-year CMT Monthly 1 7.302% 2.422% 2.422% 11.467% 0.500% 0.360% (21) 40,875.94 40,875.94 (20) (22) 2,245,623.96 14,425,200.00 DA4454 February 2024

6 Modified Term 100.0000000000% 121,997.72 6,269,613.69 15 FLT 1-year CMT Monthly 1 7.119% 2.243% 2.243% 11.271% 0.500% 0.360% (21) 61,472.53 61,472.53 103 (22) 2,336,694.86 18,012,375.00 DA4454 February 2024

6 Tenure 100.0000000000% 25,406.18 3,213,140.02 18 FLT 1-year CMT Monthly 1 6.931% 2.052% 2.052% 10.061% 0.500% 0.360% (21) 23,021.44 23,021.44 (20) 0.00 0.00 11,939,775.00 DA4454 February 2024

6 Term 100.0000000000% 20,458.39 2,950,419.07 18 FLT 1-year CMT Monthly 1 6.995% 2.119% 2.119% 10.222% 0.500% 0.360% (21) 18,278.85 18,278.85 129 0.00 0.00 7,181,900.00 DA4454 February 2024

7 Line Of Credit 100.0000000000% 7,089,141.99 241,168,446.79 21 FLT 1-year CMT Monthly 1 7.344% 2.462% 2.462% 10.074% 0.500% 0.360% (21) (19) (19) (19) (22) 53,204,617.96 521,110,950.00 CZ7741 February 2024

7 Modified Tenure 100.0000000000% 25,792.88 1,105,391.26 23 FLT 1-year CMT Monthly 1 7.594% 2.698% 2.698% 9.486% 0.500% 0.360% (21) 7,638.95 7,638.95 (20) (22) 982,392.54 5,022,375.00 CZ7741 February 2024

7 Modified Term 100.0000000000% 86,596.43 1,839,241.02 20 FLT 1-year CMT Monthly 1 7.457% 2.603% 2.603% 10.266% 0.500% 0.360% (21) 12,269.48 12,269.48 86 (22) 712,590.62 5,083,875.00 CZ7741 February 2024

7 Tenure 100.0000000000% 227.79 32,578.39 24 FLT 1-year CMT Monthly 1 6.875% 2.020% 2.020% 8.320% 0.500% 0.360% (21) 568.43 568.43 (20) 0.00 0.00 280,000.00 CZ7741 February 2024

7 Term 100.0000000000% 181.75 255,384.20 29 FLT 1-year CMT Monthly 1 6.750% 1.875% 1.875% 6.985% 0.500% 0.360% (21) 627.81 627.81 120 0.00 0.00 453,000.00 CZ7741 February 2024

7 Line Of Credit 100.0000000000% 389,458.06 148,611,772.56 31 FLT 1-year CMT Monthly 1 7.163% 2.285% 2.285% 12.496% 0.500% 0.360% (21) (19) (19) (19) (22) 14,959,077.70 248,328,515.00 CZ7742 February 2024

7 Modified Tenure 100.0000000000% 3,407.21 492,117.43 32 FLT 1-year CMT Monthly 1 6.758% 1.880% 1.880% 11.952% 0.500% 0.360% (21) 2,300.00 2,300.00 (20) (22) 86,732.88 1,662,375.00 CZ7742 February 2024

7 Modified Term 100.0000000000% 32,021.03 5,498,054.72 29 FLT 1-year CMT Monthly 1 7.150% 2.274% 2.274% 13.008% 0.500% 0.360% (21) 24,102.33 24,102.33 95 (22) 761,342.16 10,736,750.00 CZ7742 February 20247 Tenure 100.0000000000% 1,578.92 435,054.19 31 FLT 1-year CMT Monthly 1 7.309% 2.392% 2.392% 12.457% 0.500% 0.360% (21) 1,263.67 1,263.67 (20) 0.00 0.00 1,022,000.00 CZ7742 February 2024

7 Term 100.0000000000% 5,600.24 1,143,505.76 30 FLT 1-year CMT Monthly 1 7.307% 2.432% 2.432% 12.519% 0.500% 0.360% (21) 4,765.08 4,765.08 105 0.00 0.00 2,152,375.00 CZ7742 February 2024

7 Line Of Credit 100.0000000000% 25,257,306.03 25,257,307.00 0 FLT 1-year CMT Monthly 1 7.210% 2.417% 2.417% 12.217% 0.500% 0.360% (21) (19) (19) (19) 2,529,582.01 11,079,431.43 87,704,746.00 CZ7743 March 2024

7 Modified Tenure 100.0000000000% 59,649.27 59,649.27 0 FLT 1-year CMT Monthly 1 7.407% 2.607% 2.607% 12.407% 0.500% 0.360% (21) 1,639.53 1,639.53 (20) 281,515.50 406,439.55 1,230,000.00 CZ7743 March 2024

7 Modified Term 100.0000000000% 56,798.49 56,798.49 0 FLT 1-year CMT Monthly 1 7.285% 2.485% 2.485% 12.285% 0.500% 0.360% (21) 6,500.00 6,500.00 145 (22) 56,377.13 840,000.00 CZ7743 March 2024

7 Term 100.0000000000% 377,649.21 377,649.21 0 FLT 1-year CMT Monthly 1 6.895% 2.142% 2.142% 11.942% 0.500% 0.360% (21) 7,805.73 7,805.73 48 0.00 0.00 1,019,000.00 CZ7743 March 2024

7 Line Of Credit 26.6840633548% 7,868,234.52 4,444,014,445.25 17 FLT 1-year CMT Monthly 1 7.102% 2.326% 2.326% 10.343% 0.500% 0.360% (21) (19) (19) (19) (22) 1,178,798,188.86 10,177,384,533.00 CZ7747 March 2024

7 Modified Tenure 26.6840633548% 312,140.91 34,485,087.12 17 FLT 1-year CMT Monthly 1 7.215% 2.449% 2.449% 10.442% 0.500% 0.360% (21) 223,058.10 223,058.10 (20) (22) 16,279,645.95 132,621,525.00 CZ7747 March 2024

7 Modified Term 26.6840633548% 825,212.60 67,251,188.16 15 FLT 1-year CMT Monthly 1 7.166% 2.399% 2.399% 10.728% 0.500% 0.360% (21) 623,241.45 623,241.45 63 (22) 20,856,602.46 204,621,000.00 CZ7747 March 2024

7 Tenure 26.6840633548% 151,088.56 16,855,525.39 17 FLT 1-year CMT Monthly 1 7.165% 2.398% 2.398% 10.351% 0.500% 0.360% (21) 137,688.49 137,688.49 (20) 0.00 0.00 61,619,100.00 CZ7747 March 2024

7 Term 26.6840633548% 299,529.41 27,949,468.87 17 FLT 1-year CMT Monthly 1 7.041% 2.267% 2.267% 10.244% 0.500% 0.360% (21) 268,923.30 268,923.30 104 0.00 0.00 79,351,075.00 CZ7747 March 20247 Line Of Credit 2.0772464535% 10,337,712.87 4,972,638,399.95 21 FLT 1-year CMT Monthly 1 7.153% 2.365% 2.365% 9.586% 0.500% 0.360% (21) (19) (19) (19) (22) 1,013,544,999.55 10,113,822,231.00 CZ7749 March 2024

7 Modified Tenure 2.0772464535% 237,187.27 23,849,649.40 23 FLT 1-year CMT Monthly 1 7.243% 2.467% 2.467% 9.229% 0.500% 0.360% (21) 149,706.98 149,706.98 (20) (22) 11,904,538.85 85,149,600.00 CZ7749 March 2024

7 Modified Term 2.0772464535% 751,009.19 68,589,036.73 21 FLT 1-year CMT Monthly 1 7.134% 2.344% 2.344% 9.633% 0.500% 0.360% (21) 419,509.67 419,509.67 56 (22) 23,975,381.38 196,103,350.00 CZ7749 March 2024

7 Tenure 2.0772464535% 136,209.96 16,730,719.64 22 FLT 1-year CMT Monthly 1 7.163% 2.374% 2.374% 9.363% 0.500% 0.360% (21) 124,674.72 124,674.72 (20) 0.00 0.00 55,526,150.00 CZ7749 March 2024

7 Term 2.0772464535% 173,042.71 17,874,479.05 23 FLT 1-year CMT Monthly 1 7.089% 2.297% 2.297% 9.029% 0.500% 0.360% (21) 157,406.94 157,406.94 117 0.00 0.00 48,532,150.00 CZ7749 March 2024

7 Line Of Credit 100.0000000000% 10,870,654.88 10,870,655.15 0 FLT 1-year CMT Monthly 1 7.102% 2.326% 2.326% 12.114% 0.500% 0.360% (21) (19) (19) (19) 2,092,660.36 6,855,600.32 39,954,960.00 DB0932 March 2024

7 Modified Tenure 100.0000000000% 320,009.90 320,009.90 0 FLT 1-year CMT Monthly 1 7.618% 2.835% 2.835% 12.628% 0.500% 0.360% (21) 3,200.00 3,200.00 (20) (22) 125,720.60 1,605,000.00 DB0932 March 2024

7 Modified Term 100.0000000000% 676,401.49 676,401.49 0 FLT 1-year CMT Monthly 1 7.346% 2.592% 2.592% 12.377% 0.500% 0.360% (21) 3,500.00 3,500.00 41 9,468.03 141,802.28 2,199,825.00 DB0932 March 20247 Tenure 100.0000000000% 142,533.73 142,533.73 0 FLT 1-year CMT Monthly 1 6.957% 2.207% 2.207% 11.999% 0.500% 0.360% (21) 3,765.40 3,765.40 (20) 0.00 0.00 1,605,000.00 DB0932 March 2024

8 Line Of Credit 3.8151330139% 24,971,898.00 29,897,425.78 26 FLT 1-year CMT Monthly 1 6.585% 1.822% 1.822% 7.267% 0.500% 0.360% (21) (19) (19) (19) (22) 5,689,517.70 52,605,300.00 CE9433 February 2022 8 Modified Term 3.8151330139% 466,385.71 753,210.94 27 FLT 1-year CMT Monthly 1 6.541% 1.791% 1.791% 7.145% 0.500% 0.360% (21) 7,340.43 7,340.43 107 (22) 83,634.16 2,254,800.00 CE9433 February 2022
Approximate Approximate Approximate Approximate

Weighted Approximate Weighted Weighted Weighted

Approximate Average Weighted Approximate Average Average Approximate Average

Weighted Next Average Weighted Gross Gross Approximate Weighted Initial Subsequent Remaining

HECMMBS AverageHECM HECM RateReset Rate Gross Average Lifetime Lifetime Weighted Average Monthly Monthly Monthly Draw Term Initial

Groupor Percentageof Principal HECMLoan Age Interest Frequency Reset Month InterestRate Gross InterestRate InterestRate Average MIP ServicingFee Servicing Scheduled Scheduled (inmonths) Available Line Available Lineof MaximumClaim Pool HECMMBS Issue

Subgroup PaymentPlan PoolinTrust Balance(2) Balance (inmonths)(3) Type Index (4) (5) (6) Margin(7) Floor(8) Cap(9) Fee(10) Margin(11) Fee(12) Draw(13) Draw(14) (15) ofCredit(16) Credit(17) Amount(18) Number Date

A-3

8 Line Of Credit 5.9414333775% $25,192,973.72 $ 28,494,192.26 26 FLT 1-year CMT Monthly 1 6.868% 1.990% 1.990% 7.332% 0.500% 0.360% (21) (19) (19) (19) (22) $ 4,464,824.24 $ 50,334,200.00 CL0582 February 2022

8 Modified Tenure 5.9414333775% 130,099.41 156,987.21 27 FLT 1-year CMT Monthly 1 6.755% 1.875% 1.875% 7.145% 0.500% 0.360% (21) $ 950.00 $ 950.00 (20) (22) 16,658.33 630,000.00 CL0582 February 2022

8 Modified Term 5.9414333775% 20,419.80 33,901.38 27 FLT 1-year CMT Monthly 1 8.005% 3.125% 3.125% 8.395% 0.500% 0.360% (21) 500.00 500.00 120 (22) 180,596.90 400,000.00 CL0582 February 2022

8 Tenure 5.9414333775% 442,503.86 490,444.87 26 FLT 1-year CMT Monthly 1 6.605% 1.704% 1.704% 7.146% 0.500% 0.360% (21) 1,579.79 1,579.79 (20) $0.00 0.00 1,071,000.00 CL0582 February 2022

8 Line Of Credit 5.2888293397% 29,357,679.63 33,060,795.58 25 FLT 1-year CMT Monthly 1 6.861% 1.979% 1.979% 7.664% 0.500% 0.360% (21) (19) (19) (19) (22) 6,601,471.30 61,370,275.00 CL0595 March 2022

8 Modified Tenure 5.2888293397% 229,267.57 320,140.58 25 FLT 1-year CMT Monthly 1 6.857% 1.977% 1.977% 7.697% 0.500% 0.360% (21) 3,300.00 3,300.00 (20) (22) 193,604.61 1,465,800.00 CL0595 March 2022 8 Modified Term 5.2888293397% 42,108.88 98,286.23 26 FLT 1-year CMT Monthly 1 7.040% 2.160% 2.160% 7.740% 0.500% 0.360% (21) 15,000.00 15,000.00 1 (22) 88,295.22 225,000.00 CL0595 March 2022 8 Tenure 5.2888293397% 51,074.30 72,583.34 26 FLT 1-year CMT Monthly 1 7.255% 2.375% 2.375% 7.855% 0.500% 0.360% (21) 503.37 503.37 (20) 0.00 0.00 390,000.00 CL0595 March 2022 8 Term 5.2888293397% 114,928.39 143,041.12 25 FLT 1-year CMT Monthly 1 7.375% 2.500% 2.500% 8.080% 0.500% 0.360% (21) 1,050.62 1,050.62 309 0.00 0.00 560,000.00 CL0595 March 2022 8 Line Of Credit 3.3459019951% 30,722,764.34 34,379,045.71 25 FLT 1-year CMT Monthly 1 6.952% 2.076% 2.076% 7.872% 0.500% 0.360% (21) (19) (19) (19) (22) 4,962,163.03 62,061,566.00 CM0229 March 2022 8 Modified Term 3.3459019951% 61,134.65 96,826.67 26 FLT 1-year CMT Monthly 1 7.125% 2.250% 2.250% 7.730% 0.500% 0.360% (21) 760.66 760.66 78 (22) 20,682.39 245,000.00 CM0229 March 2022 8 Tenure 3.3459019951% 35,067.25 93,921.44 25 FLT 1-year CMT Monthly 1 7.875% 2.990% 2.990% 9.070% 0.500% 0.360% (21) 2,226.94 2,226.94 (20) 0.00 0.00 825,000.00 CM0229 March 2022 8 Term 3.3459019951% 234,164.77 250,495.91 25 FLT 1-year CMT Monthly 1 6.625% 1.750% 1.750% 7.440% 0.500% 0.360% (21) 476.01 476.01 180 0.00 0.00 499,000.00 CM0229 March 2022 8 Line Of Credit 73.3159366452% 7,868,234.52 4,444,014,445.25 17 FLT 1-year CMT Monthly 1 7.102% 2.326% 2.326% 10.343% 0.500% 0.360% (21) (19) (19) (19) (22) 1,178,798,188.86 10,177,384,533.00 CZ7747 March 2024 8 Modified Tenure 73.3159366452% 312,140.91 34,485,087.12 17 FLT 1-year CMT Monthly 1 7.215% 2.449% 2.449% 10.442% 0.500% 0.360% (21) 223,058.10 223,058.10 (20) (22) 16,279,645.95 132,621,525.00 CZ7747 March 2024 8 Modified Term 73.3159366452% 825,212.60 67,251,188.16 15 FLT 1-year CMT Monthly 1 7.166% 2.399% 2.399% 10.728% 0.500% 0.360% (21) 623,241.45 623,241.45 63 (22) 20,856,602.46 204,621,000.00 CZ7747 March 2024 8 Tenure 73.3159366452% 151,088.56 16,855,525.39 17 FLT 1-year CMT Monthly 1 7.165% 2.398% 2.398% 10.351% 0.500% 0.360% (21) 137,688.49 137,688.49 (20) 0.00 0.00 61,619,100.00 CZ7747 March 2024 8 Term 73.3159366452% 299,529.41 27,949,468.87 17 FLT 1-year CMT Monthly 1 7.041% 2.267% 2.267% 10.244% 0.500% 0.360% (21) 268,923.30 268,923.30 104 0.00 0.00 79,351,075.00 CZ7747 March 2024 8 Line Of Credit 46.4110427513% 10,337,712.87 4,972,638,399.95 21 FLT 1-year CMT Monthly 1 7.153% 2.365% 2.365% 9.586% 0.500% 0.360% (21) (19) (19) (19) (22) 1,013,544,999.55 10,113,822,231.00 CZ7749 March 2024 8 Modified Tenure 46.4110427513% 237,187.27 23,849,649.40 23 FLT 1-year CMT Monthly 1 7.243% 2.467% 2.467% 9.229% 0.500% 0.360% (21) 149,706.98 149,706.98 (20) (22) 11,904,538.85 85,149,600.00 CZ7749 March 2024 8 Modified Term 46.4110427513% 751,009.19 68,589,036.73 21 FLT 1-year CMT Monthly 1 7.134% 2.344% 2.344% 9.633% 0.500% 0.360% (21) 419,509.67 419,509.67 56 (22) 23,975,381.38 196,103,350.00 CZ7749 March 2024 8 Tenure 46.4110427513% 136,209.96 16,730,719.64 22 FLT 1-year CMT Monthly 1 7.163% 2.374% 2.374% 9.363% 0.500% 0.360% (21) 124,674.72 124,674.72 (20) 0.00 0.00 55,526,150.00 CZ7749 March 2024 8 Term 46.4110427513% 173,042.71 17,874,479.05 23 FLT 1-year CMT Monthly 1 7.089% 2.297% 2.297% 9.029% 0.500% 0.360% (21) 157,406.94 157,406.94 117.00 0.00 0.00 48,532,150.00 CZ7749 March 2024 8 Line Of Credit 100.0000000000% 7,070,679.89 1,971,389,107.39 27 FLT 1-year CMT Monthly 1 6.847% 2.053% 2.053% 7.474% 0.500% 0.360% (21) (19) (19) (19) (22) 331,060,927.93 3,553,272,716.00 DB0934 March 2024 8 Modified Tenure 100.0000000000% 87,101.84 10,578,452.83 27 FLT 1-year CMT Monthly 1 6.908% 2.114% 2.114% 7.612% 0.500% 0.360% (21) 72,527.97 72,527.97 (20) (22) 5,276,507.73 32,868,450.00 DB0934 March 2024 8 Modified Term 100.0000000000% 350,150.39 30,632,936.59 27 FLT 1-year CMT Monthly 1 6.986% 2.191% 2.191% 7.543% 0.500% 0.360% (21) 301,480.45 301,480.45 128 (22) 8,963,926.20 73,858,175.00 DB0934 March 2024 8 Tenure 100.0000000000% 34,861.25 6,186,693.51 28 FLT 1-year CMT Monthly 1 7.026% 2.232% 2.232% 7.625% 0.500% 0.360% (21) 30,480.17 30,480.17 (20) 0.00 0.00 16,361,000.00 DB0934 March 2024 8 Term 100.0000000000% 22,124.63 2,872,269.98 28 FLT 1-year CMT Monthly 1 6.810% 2.014% 2.014% 7.268% 0.500% 0.360% (21) 21,472.58 21,472.58 169 0.00 0.00 7,076,975.00 DB0934 March 2024

9A Lump Sum 100.0000000000% 884,376.00 884,376.74 3 FIX N/A N/A N/A 7.577% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 2,720,200.00 CZ2288 March 20249A Lump Sum 100.0000000000% 803,254.00 803,254.07 1 FIX N/A N/A N/A 7.451% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 3,137,000.00 CZ7751 March 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 and 3 through

8 and Subgroup 9A 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 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 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.

(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 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 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 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 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.

A-4
(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 Lines of Credit related to these HECMs are fully drawn.

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-5
5

10

15

20

25

30

35

40

45

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

41 ................................................................. 12.33333

42 ................................................................. 12.50000

43 ................................................................. 12.66667

44 ................................................................. 12.83333

................................................................. 13.00000

B-1
46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

HECM Age (in months) CPR (%)

................................................................. 13.16667

................................................................. 13.33333

................................................................. 13.50000

................................................................. 13.62240

................................................................. 13.74479

................................................................. 13.86719

................................................................. 13.98958

................................................................. 14.11198

................................................................. 14.23438

................................................................. 14.35677

................................................................. 14.47917

................................................................. 14.60156

................................................................. 14.72396

................................................................. 14.84635

................................................................. 14.96875

................................................................. 15.09115

................................................................. 15.21354

................................................................. 15.33594

................................................................. 15.45833

................................................................. 15.58073

................................................................. 15.70313

................................................................. 15.82552

................................................................. 15.94792

................................................................. 16.07031

................................................................. 16.19271

................................................................. 16.31510

................................................................. 16.43750

................................................................. 16.55990

................................................................. 16.68229

................................................................. 16.80469

................................................................. 16.92708

................................................................. 17.04948

................................................................. 17.17188

................................................................. 17.29427

................................................................. 17.41667

................................................................. 17.53906

................................................................. 17.66146

................................................................. 17.78385

................................................................. 17.90625

................................................................. 18.02865

................................................................. 18.15104

................................................................. 18.27344

................................................................. 18.39583

................................................................. 18.51823

................................................................. 18.64063

................................................................. 18.76302

................................................................. 18.88542

................................................................. 19.00781

................................................................. 19.13021

B-2
95

96

97

98

99

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

116

117

118

119

120

121

122

123

124

125

126

127

128

129

130

131

132

133

134

135

136

137

138

139

140

141

142

143

HECM Age (in months) CPR (%)

................................................................. 19.25260

................................................................. 19.37500

................................................................. 19.49740

................................................................. 19.61979

................................................................. 19.74219

................................................................ 19.86458

................................................................ 19.98698

................................................................ 20.10938

................................................................ 20.23177

................................................................ 20.35417

................................................................ 20.47656

................................................................ 20.59896

................................................................ 20.72135

................................................................ 20.84375

................................................................ 20.96615

................................................................ 21.08854

................................................................ 21.21094

................................................................ 21.33333

................................................................ 21.45573

................................................................ 21.57813

................................................................ 21.70052

................................................................ 21.82292

................................................................ 21.94531

................................................................ 22.06771

................................................................ 22.19010

................................................................ 22.31250

................................................................ 22.43490

................................................................ 22.55729

................................................................ 22.67969

................................................................ 22.80208

................................................................ 22.92448

................................................................ 23.04688

................................................................ 23.16927

................................................................ 23.29167

................................................................ 23.41406

................................................................ 23.53646

................................................................ 23.65885

................................................................ 23.78125

................................................................ 23.90365

................................................................ 24.02604

................................................................ 24.14844

................................................................ 24.27083

................................................................ 24.39323

................................................................ 24.51563

................................................................ 24.63802

................................................................ 24.76042

................................................................ 24.88281

................................................................ 25.00521

................................................................ 25.12760

B-3
144

145

146

147

148

149

150

151

152

153

154

155

156

157

158

159

160

161

162

163

164

165

166

167

168

169

170

171

172

173

174

175

176

177

178

179

180

181

182

183

184

185

186

187

188

189

190

191

192

HECM Age (in months) CPR (%)

................................................................ 25.25000

................................................................ 25.37240

................................................................ 25.49479

................................................................ 25.61719

................................................................ 25.73958

................................................................ 25.86198

................................................................ 25.98438

................................................................ 26.10677

................................................................ 26.22917

................................................................ 26.35156

................................................................ 26.47396

................................................................ 26.59635

................................................................ 26.71875

................................................................ 26.84115

................................................................ 26.96354

................................................................ 27.08594

................................................................ 27.20833

................................................................ 27.33073

................................................................ 27.45313

................................................................ 27.57552

................................................................ 27.69792

................................................................ 27.82031

................................................................ 27.94271

................................................................ 28.06510

................................................................ 28.18750

................................................................ 28.30990

................................................................ 28.43229

................................................................ 28.55469

................................................................ 28.67708

................................................................ 28.79948

................................................................ 28.92188

................................................................ 29.04427

................................................................ 29.16667

................................................................ 29.28906

................................................................ 29.41146

................................................................ 29.53385

................................................................ 29.65625

................................................................ 29.77865

................................................................ 29.90104

................................................................ 30.02344

................................................................ 30.14583

................................................................ 30.26823

................................................................ 30.39063

................................................................ 30.51302

................................................................ 30.63542

................................................................ 30.75781

................................................................ 30.88021

................................................................ 31.00260

................................................................ 31.12500

B-4
193

194

195

196

197

198

199

200

201

202

203

204

205

206

207

208

209

210

211

212

213

214

215

216

217

218

219

220

221

222

223

224

225

226

227

228

229

230

231

232

233

234

235

236

237

238

239

240

241

HECM Age (in months) CPR (%)

................................................................ 31.24740

................................................................ 31.36979

................................................................ 31.49219

................................................................ 31.61458

................................................................ 31.73698

................................................................ 31.85938

................................................................ 31.98177

................................................................ 32.10417

................................................................ 32.22656

................................................................ 32.34896

................................................................ 32.47135

................................................................ 32.59375

................................................................ 32.71615

................................................................ 32.83854

................................................................ 32.96094

................................................................ 33.08333

................................................................ 33.20573

................................................................ 33.32813

................................................................ 33.45052

................................................................ 33.57292

................................................................ 33.69531

................................................................ 33.81771

................................................................ 33.94010

................................................................ 34.06250

................................................................ 34.18490

................................................................ 34.30729

................................................................ 34.42969

................................................................ 34.55208

................................................................ 34.67448

................................................................ 34.79688

................................................................ 34.91927

................................................................ 35.04167

................................................................ 35.16406

................................................................ 35.28646

................................................................ 35.40885

................................................................ 35.53125

................................................................ 35.65365

................................................................ 35.77604

................................................................ 35.89844

................................................................ 36.02083

................................................................ 36.14323

................................................................ 36.26563

................................................................ 36.38802

................................................................ 36.51042

................................................................ 36.63281

................................................................ 36.75521

................................................................ 36.87760

................................................................ 37.00000

................................................................ 37.05000

B-5
242

243

244

245

246

247

248

249

250

251

252

253

254

255

256

257

258

259

260

261

262

263

264

265

266

267

268

269

270

271

272

273

274

275

276

277

278

279

280

281

282

283

284

285

286

287

288

289

290

HECM Age (in months) CPR (%)

................................................................ 37.10000

................................................................ 37.15000

................................................................ 37.20000

................................................................ 37.25000

................................................................ 37.30000

................................................................ 37.35000

................................................................ 37.40000

................................................................ 37.45000

................................................................ 37.50000

................................................................ 37.55000

................................................................ 37.60000

................................................................ 37.65000

................................................................ 37.70000

................................................................ 37.75000

................................................................ 37.80000

................................................................ 37.85000

................................................................ 37.90000

................................................................ 37.95000

................................................................ 38.00000

................................................................ 38.05000

................................................................ 38.10000

................................................................ 38.15000

................................................................ 38.20000

................................................................ 38.25000

................................................................ 38.30000

................................................................ 38.35000

................................................................ 38.40000

................................................................ 38.45000

................................................................ 38.50000

................................................................ 38.55000

................................................................ 38.60000

................................................................ 38.65000

................................................................ 38.70000

................................................................ 38.75000

................................................................ 38.80000

................................................................ 38.85000

................................................................ 38.90000

................................................................ 38.95000

................................................................ 39.00000

................................................................ 39.05000

................................................................ 39.10000

................................................................ 39.15000

................................................................ 39.20000

................................................................ 39.25000

................................................................ 39.30000

................................................................ 39.35000

................................................................ 39.40000

................................................................ 39.45000

................................................................ 39.50000

B-6
291

292

293

294

295

296

297

298

299

300

301

302

303

304

305

306

307

308

309

310

311

312

313

314

315

316

317

318

319

320

321

322

323

324

325

326

327

328

329

330

331

332

333

334

335

336

337

338

339

HECM Age (in months) CPR (%)

................................................................ 39.55000

................................................................ 39.60000

................................................................ 39.65000

................................................................ 39.70000

................................................................ 39.75000

................................................................ 39.80000

................................................................ 39.85000

................................................................ 39.90000

................................................................ 39.95000

................................................................ 40.00000

................................................................ 40.05000

................................................................ 40.10000

................................................................ 40.15000

................................................................ 40.20000

................................................................ 40.25000

................................................................ 40.30000

................................................................ 40.35000

................................................................ 40.40000

................................................................ 40.45000

................................................................ 40.50000

................................................................ 40.55000

................................................................ 40.60000

................................................................ 40.65000

................................................................ 40.70000

................................................................ 40.75000

................................................................ 40.80000

................................................................ 40.85000

................................................................ 40.90000

................................................................ 40.95000

................................................................ 41.00000

................................................................ 41.05000

................................................................ 41.10000

................................................................ 41.15000

................................................................ 41.20000

................................................................ 41.25000

................................................................ 41.30000

................................................................ 41.35000

................................................................ 41.40000

................................................................ 41.45000

................................................................ 41.50000

................................................................ 41.55000

................................................................ 41.60000

................................................................ 41.65000

................................................................ 41.70000

................................................................ 41.75000

................................................................ 41.80000

................................................................ 41.85000

................................................................ 41.90000

................................................................ 41.95000

B-7
340

341

342

343

344

345

346

347

348

349

350

351

352

353

354

355

356

357

358

359

360

HECM Age (in months) CPR (%)

................................................................ 42.00000

................................................................ 42.05000

................................................................ 42.10000

................................................................ 42.15000

................................................................ 42.20000

................................................................ 42.25000

................................................................ 42.30000

................................................................ 42.35000

................................................................ 42.40000

................................................................ 42.45000

................................................................ 42.50000

................................................................ 42.55000

................................................................ 42.60000

................................................................ 42.65000

................................................................ 42.70000

................................................................ 42.75000

................................................................ 42.80000

................................................................ 42.85000

................................................................ 42.90000

................................................................ 42.95000

and thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43.00000

B-8
5

10

15

20

25

30

35

40

45

Draw Curve in Effect by HECM Age

HECM Age (in months)

1 .......................................................

2 .......................................................

3 .......................................................

4 .......................................................

.......................................................

6 .......................................................

7 .......................................................

8 .......................................................

9 .......................................................

.......................................................

11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

.......................................................

16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

.......................................................

21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

.......................................................

26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

.......................................................

31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

.......................................................

36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

.......................................................

41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

.......................................................

Exhibit C

Annualized Draw Rate (%)

14.00000

9.00000

8.00000

7.33333

6.66667

6.00000

5.83333

5.66667

5.50000

5.33333

5.16667

5.00000

4.83333

4.66667

4.50000

4.33333

4.16667

4.00000

3.86111

3.72222

3.58333

3.44444

3.30556

3.16667

3.02778

2.88889

2.75000

2.61111

2.47222

2.33333

2.19444

2.05556

1.91667

1.77778

1.63889

1.50000

1.43750

1.37500

1.31250

1.25000

1.18750

1.12500

1.06250

1.00000

0.93750

C-1
46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

HECM Age (in months) Annualized Draw Rate (%)

....................................................... 0.87500

....................................................... 0.81250

....................................................... 0.75000

....................................................... 0.68750

....................................................... 0.62500

....................................................... 0.56250

....................................................... 0.50000

....................................................... 0.43750

....................................................... 0.37500

....................................................... 0.31250

....................................................... 0.25000

....................................................... 0.18750

....................................................... 0.12500

....................................................... 0.06250

and thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00000

C-2
Exhibit D

Series: 2024-H04 – Underlying Certificates

Approximate

Approximate Weighted Approximate

Trust Cumulative Average Weighted

Asset Final Underlying Deferred Principal Percentage Gross Average

Group or CUSIP Interest Interest Distribution Principal Original Class Certificate Interest Balance in of Class in Interest Rate HECM Age

Subgroup Issuer Series Class Issue Date Number Rate Type(1) Date Type(1) Principal Balance Factor(2) Amount Trust(3) Trust of HECMs(4) (in months)(4)

2 Ginnie Mae 2023-H20 FL(5) August 30, 2023 38383KDY5 (6) FLT/HWAC/HZ May 2073 HPT $138,862,075 0.94993207 N/A $79,663,274 60.3923533477% 6.175% 59

9B Ginnie Mae 2019-H17 HA November 29, 2019 38382AK79 3.0% FIX/HZ March 2069 HSEQ 79,294,088 0.42144762 N/A 7,439,202 22.2608601035 4.221 68

9C Ginnie Mae 2024-H03 BA February 29, 2024 38383KNS7 (6) HWAC/HZ/DLY January 2074 HSEQ 12,600,000 0.99428982 N/A 9,942,898 79.3650793651 3.753 63

(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 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) MX Class.(6) See “Terms Sheet — Interest Rates” in the Underlying Certificate Disclosure Document.

D-1
Exhibit

E

Series: 2024-H04

– Updated Exhibit

A

– Assumed Characteristics of the HECMs and the Participations Underlying the Group 2,

Subgroup 9B and Subgroup 9C Trust Assets(1)

Approximate

Weighted Approximate Approximate Approximate

Approximate Average Approximate Weighted Weighted Weighted

Weighted Next Weighted Approximate Average Average Approximate Average

Average Rate Average Weighted Gross Gross Approximate Weighted Initial Subsequent Remaining Initial

HECM MBS HECM Age HECM RateReset Reset Gross Average Lifetime Lifetime Weighted Average Monthly Monthly Monthly Draw Term Available Maximum

Groupor Percentageof Principal HECM (inmonths) Interest Frequency Month InterestRate Gross InterestRate InterestRate Average MIP Servicing Fee Servicing Scheduled Scheduled (inmonths) Lineof Available Line ClaimAmount Pool HECM MBS Issue

Subgroup PaymentPlan PoolinTrust Balance(2) LoanBalance (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) ofCredit(17) (18) Number Date

1-year Adjusted

2 Line Of Credit 29.8230921120% $2,841,711.42 $ 4,696,837.32 64 FLT CME Term SOFR Annually 12 6.347% 2.743% 2.743% 10.112% 0.500% 0.360% (21) (19) (19) (19) (22) $ 958,722.84 $ 9,191,950.00 BE5587 December 2018

1-year Adjusted

2 Modified Tenure 29.8230921120% 206,906.99 402,048.93 65 FLT CME Term SOFR Annually 12 6.426% 2.815% 2.815% 10.175% 0.500% 0.360% (21) $ 1,200.00 $ 1,200.00 (20) (22) 165,274.74 1,022,650.00 BE5587 December 2018

1-year Adjusted

2 Modified Term 29.8230921120% 243,497.02 457,567.49 65 FLT CME Term SOFR Annually 12 6.253% 2.659% 2.659% 10.023% 0.500% 0.360% (21) 2,610.00 2,610.00 69 (22) 163,342.09 1,230,000.00 BE5587 December 2018

1-year Adjusted

2 Tenure 29.8230921120% 118,646.56 258,951.98 65 FLT CME Term SOFR Annually 12 5.730% 2.179% 2.179% 9.520% 0.500% 0.360% (21) 1,974.09 1,974.09 (20) $0.00 0.00 595,000.00 BE5587 December 2018

1-year Adjusted

2 Line Of Credit 100.0000000000% 2,004,882.79 256,290,298.13 66 FLT CME Term SOFR Annually 12 6.349% 3.040% 3.040% 10.174% 0.500% 0.360% (21) (19) (19) (19) (22) 63,452,387.35 511,595,272.00 BK5137 July 2019

1-year Adjusted

2 Modified Tenure 100.0000000000% 75,019.33 6,074,953.65 66 FLT CME Term SOFR Annually 12 6.171% 2.781% 2.781% 9.896% 0.500% 0.360% (21) 35,961.38 35,961.38 (20) (22) 2,192,274.87 17,672,050.00 BK5137 July 2019

1-year Adjusted

2 Modified Term 100.0000000000% 198,994.83 13,486,542.90 66 FLT CME Term SOFR Annually 12 5.799% 2.627% 2.627% 9.760% 0.500% 0.360% (21) 95,862.72 95,862.72 73 (22) 3,301,028.10 31,907,125.00 BK5137 July 2019

1-year Adjusted 2 Tenure 100.0000000000% 15,311.06 1,664,116.28 67 FLT CME Term SOFR Annually 12 6.478% 2.906% 2.906% 10.091% 0.500% 0.360% (21) 12,505.90 12,505.90 (20) 0.00 0.00 5,347,000.00 BK5137 July 2019

1-year Adjusted 2 Term 100.0000000000% 22,309.20 2,253,839.65 66 FLT CME Term SOFR Annually 12 6.229% 2.665% 2.665% 9.851% 0.500% 0.360% (21) 13,237.92 13,237.92 81 0.00 0.00 4,505,650.00 BK5137 July 2019

1-year Adjusted 2 Line Of Credit 100.0000000000% 4,110,425.65 514,956,792.04 66 FLT CME Term SOFR Annually 12 5.968% 2.547% 2.547% 9.600% 0.500% 0.360% $5.00 (19) (19) (19) (22) 127,172,247.40 1,027,442,523.00 BP3740 September 2019

1-year Adjusted 2 Modified Tenure 100.0000000000% 104,372.45 9,530,654.05 65 FLT CME Term SOFR Annually 12 6.016% 2.570% 2.570% 9.713% 0.500% 0.360% (21) 50,375.04 50,375.04 (20) (22) 3,822,957.72 25,189,800.00 BP3740 September 2019

1-year Adjusted 2 Modified Term 100.0000000000% 158,739.92 16,113,422.77 66 FLT CME Term SOFR Annually 12 5.971% 2.530% 2.530% 9.536% 0.500% 0.360% (21) 107,425.35 107,425.35 107 (22) 3,552,087.60 34,022,300.00 BP3740 September 2019

1-year Adjusted 2 Tenure 100.0000000000% 30,858.35 3,682,879.10 64 FLT CME Term SOFR Annually 12 5.996% 2.711% 2.711% 9.852% 0.500% 0.360% (21) 24,065.62 24,065.62 (20) 0.00 0.00 8,460,325.00 BP3740 September 2019

1-year Adjusted 2 Term 100.0000000000% 31,592.94 3,218,719.59 62 FLT CME Term SOFR Annually 12 5.784% 2.446% 2.446% 9.516% 0.500% 0.360% (21) 26,436.60 26,436.60 126 0.00 0.00 6,744,050.00 BP3740 September 20191-year Adjusted

2 Line Of Credit 100.0000000000% 340,762.15 11,003,358.17 91 FLT CME Term SOFR Annually 12 6.622% 3.384% 3.384% 9.111% 1.177% 0.360% (21) (19) (19) (19) (22) 1,296,003.15 15,714,350.00 BS9412 April 2020

1-year Adjusted

2 Modified Term 100.0000000000% 101.30 133,764.15 54 FLT CME Term SOFR Annually 12 6.235% 2.679% 2.679% 8.949% 0.500% 0.360% (21) 1,500.00 1,500.00 120 (22) 284,911.38 726,525.00 BS9412 April 2020

1-year Adjusted

2 Line Of Credit 100.0000000000% 65,969.14 13,373,601.40 91 FLT CME Term SOFR Annually 12 6.439% 3.347% 3.347% 9.107% 1.127% 0.360% (21) (19) (19) (19) (22) 1,352,927.39 18,660,000.00 BU6366 May 2020

1-year Adjusted

2 Line Of Credit 100.0000000000% 395,600.26 19,027,273.70 87 FLT CME Term SOFR Annually 12 6.733% 3.404% 3.404% 9.329% 1.072% 0.360% 60.00 (19) (19) (19) (22) 1,877,328.16 26,648,150.00 CG8194 September 2021

1-year Adjusted

2 Line Of Credit 100.0000000000% 734,948.47 41,647,789.59 80 FLT CME Term SOFR Annually 12 6.724% 3.313% 3.313% 9.503% 0.916% 0.360% 60.00 (19) (19) (19) (22) 5,894,098.98 62,578,900.00 CJ3140 December 2021

1-year Adjusted

2 Modified Term 100.0000000000% 45,979.07 368,386.55 75 FLT CME Term SOFR Annually 12 7.035% 3.304% 3.304% 9.673% 1.250% 0.360% (21) 496.54 496.54 156 (22) 79,860.20 525,000.00 CJ3140 December 2021

1-year Adjusted

2 Tenure 100.0000000000% 48.20 17,212.41 42 FLT CME Term SOFR Annually 12 7.355% 3.799% 3.799% 8.541% 0.500% 0.360% (21) 718.45 718.45 (20) 0.00 0.00 525,000.00 CJ3140 December 2021

1-year Adjusted

2 Line Of Credit 100.0000000000% 391,026.10 49,309,458.06 75 FLT CME Term SOFR Annually 12 6.814% 3.364% 3.364% 9.558% 0.866% 0.360% 60.00 (19) (19) (19) (22) 5,940,883.95 73,158,853.00 CL4568 March 2022

1-year Adjusted

2 Modified Term 100.0000000000% 1,567.86 368,386.55 75 FLT CME Term SOFR Annually 12 7.035% 3.304% 3.304% 9.673% 1.250% 0.360% (21) 496.54 496.54 156 (22) 79,860.20 525,000.00 CL4568 March 2022

1-year Adjusted

2 Tenure 100.0000000000% 36.25 17,212.41 42 FLT CME Term SOFR Annually 12 7.355% 3.799% 3.799% 8.541% 0.500% 0.360% (21) 718.45 718.45 (20) 0.00 0.00 525,000.00 CL4568 March 2022

1-year Adjusted

2 Line Of Credit 100.0000000000% 4,594,589.47 1,159,625,895.92 52 FLT CME Term SOFR Annually 12 6.296% 2.827% 2.827% 8.777% 0.500% 0.360% (21) (19) (19) (19) (22) 241,799,256.85 2,134,589,250.00 CL8208 August 2022

1-year Adjusted

2 Modified Tenure 100.0000000000% 179,787.81 19,481,950.03 57 FLT CME Term SOFR Annually 12 6.205% 2.765% 2.765% 9.136% 0.500% 0.360% (21) 112,416.08 112,416.08 (20) (22) 6,948,474.49 55,734,525.00 CL8208 August 2022

1-year Adjusted 2 Modified Term 100.0000000000% 430,967.69 43,245,238.39 52 FLT CME Term SOFR Annually 12 6.282% 2.805% 2.805% 8.664% 0.500% 0.360% (21) 379,311.02 379,311.02 84 (22) 9,615,830.25 99,875,800.00 CL8208 August 2022

1-year Adjusted 2 Tenure 100.0000000000% 37,374.27 5,497,840.13 58 FLT CME Term SOFR Annually 12 6.303% 2.822% 2.822% 9.251% 0.500% 0.360% (21) 31,223.11 31,223.11 (20) 0.00 0.00 13,534,250.00 CL8208 August 2022

1-year Adjusted 2 Term 100.0000000000% 50,556.10 6,337,559.67 54 FLT CME Term SOFR Annually 12 6.433% 2.900% 2.900% 8.908% 0.500% 0.360% (21) 39,809.06 39,809.06 110 0.00 0.00 13,527,350.00 CL8208 August 2022

1-year Adjusted 2 Line Of Credit 100.0000000000% 3,861,252.14 1,230,586,114.16 90 FLT CME Term SOFR Annually 12 6.758% 3.346% 3.346% 9.101% 1.250% 0.360% (21) (19) (19) (19) (22) 267,631,830.91 1,700,110,695.00 CL8264 January 2023

1-year Adjusted 2 Modified Tenure 100.0000000000% 240,378.34 37,666,106.60 91 FLT CME Term SOFR Annually 12 6.663% 3.245% 3.245% 8.935% 1.250% 0.360% (21) 164,223.69 164,223.69 (20) (22) 8,177,348.21 68,508,400.00 CL8264 January 2023

1-year Adjusted 2 Modified Term 100.0000000000% 449,688.76 70,086,475.47 91 FLT CME Term SOFR Annually 12 6.703% 3.340% 3.340% 9.035% 1.250% 0.360% (21) 347,520.33 347,520.33 104 (22) 8,966,500.02 104,134,600.00 CL8264 January 2023

1-year Adjusted 2 Tenure 100.0000000000% 138,018.09 20,024,083.82 93 FLT CME Term SOFR Annually 12 6.823% 3.388% 3.388% 9.001% 1.250% 0.360% (21) 106,991.73 106,991.73 (20) 0.00 0.00 36,614,150.00 CL8264 January 2023

1-year Adjusted 2 Term 100.0000000000% 48,135.48 7,531,849.59 94 FLT CME Term SOFR Annually 12 6.765% 3.285% 3.285% 8.881% 1.250% 0.360% (21) 40,594.79 40,594.79 109 0.00 0.00 10,678,600.00 CL8264 January 2023

1-year Adjusted 2 Line Of Credit 100.0000000000% 4,169,583.80 1,213,032,088.83 56 FLT CME Term SOFR Annually 12 6.369% 2.881% 2.881% 8.788% 0.575% 0.360% (21) (19) (19) (19) (22) 264,250,832.38 2,219,437,703.00 CL8265 January 2023

E-1
Approximate

Weighted Approximate

Approximate Average Approximate Approximate Weighted

Weighted Next Approximate Weighted Weighted Approximate Average

Average Rate Weighted Approximate AverageGross AverageGross Approximate Weighted Initial Subsequent Remaining Initial

HECMMBS HECMAge HECM RateReset Reset AverageGross Weighted Lifetime Lifetime Weighted Average Monthly Monthly Monthly Draw Term Available Maximum

Groupor Percentageof Principal HECM (inmonths) Interest Frequency Month InterestRate AverageGross InterestRate InterestRate AverageMIP ServicingFee Servicing Scheduled Scheduled (inmonths) Lineof AvailableLine ClaimAmount Pool HECMMBS Issue

Subgroup PaymentPlan PoolinTrust Balance(2) LoanBalance (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) ofCredit(17) (18) Number Date

1-year Adjusted

2 Modified Tenure 100.0000000000% $ 158,047.36 $ 22,760,280.49 61 FLT CME Term SOFR Annually 12 6.203% 2.803% 2.803% 9.177% 0.596% 0.360% (21) $126,055.53 $126,055.53 (20) (22) $ 7,673,524.97 $ 61,297,675.00 CL8265 January 2023

1-year Adjusted

2 Modified Term 100.0000000000% 475,643.39 47,442,808.69 55 FLT CME Term SOFR Annually 12 6.199% 2.775% 2.775% 8.759% 0.536% 0.360% (21) 400,044.52 400,044.52 85 (22) 11,003,430.75 106,705,450.00 CL8265 January 2023

1-year Adjusted

2 Tenure 100.0000000000% 50,556.90 7,429,019.20 67 FLT CME Term SOFR Annually 12 6.431% 2.987% 2.987% 9.238% 0.699% 0.360% (21) 41,566.48 41,566.48 (20) $0.00 0.00 17,254,250.00 CL8265 January 2023

1-year Adjusted

2 Term 100.0000000000% 62,133.60 6,558,176.85 55 FLT CME Term SOFR Annually 12 6.342% 2.764% 2.764% 8.913% 0.530% 0.360% (21) 41,889.39 41,889.39 125 0.00 0.00 13,830,350.00 CL8265 January 2023

1-year Adjusted

2 Line Of Credit 100.0000000000% 1,408,802.71 462,126,484.38 96 FLT CME Term SOFR Annually 12 7.021% 3.581% 3.581% 9.096% 1.250% 0.360% (21) (19) (19) (19) (22) 113,175,219.78 634,120,771.00 CM7929 April 2022

1-year Adjusted

2 Modified Tenure 100.0000000000% 127,685.77 15,011,775.28 98 FLT CME Term SOFR Annually 12 6.973% 3.452% 3.452% 8.878% 1.250% 0.360% (21) 54,410.35 54,410.35 (20) (22) 3,778,363.10 24,821,800.00 CM7929 April 2022

1-year Adjusted

2 Modified Term 100.0000000000% 143,930.17 22,795,915.92 98 FLT CME Term SOFR Annually 12 7.003% 3.563% 3.563% 8.974% 1.250% 0.360% (21) 107,570.99 107,570.99 113 (22) 3,860,862.31 33,449,600.00 CM7929 April 2022

1-year Adjusted

2 Tenure 100.0000000000% 71,595.94 10,736,548.58 100 FLT CME Term SOFR Annually 12 6.928% 3.521% 3.521% 8.849% 1.250% 0.360% (21) 50,650.71 50,650.71 (20) 0.00 0.00 18,808,000.00 CM7929 April 2022

1-year Adjusted

2 Term 100.0000000000% 44,950.70 7,149,122.64 100 FLT CME Term SOFR Annually 12 6.906% 3.542% 3.542% 8.904% 1.250% 0.360% (21) 42,496.67 42,496.67 183 0.00 0.00 9,728,500.00 CM7929 April 2022

1-year Adjusted

2 Line Of Credit 100.0000000000% 271,301.17 50,767,259.03 76 FLT CME Term SOFR Annually 12 6.702% 3.307% 3.307% 9.466% 0.892% 0.360% $60.00 (19) (19) (19) (22) 6,014,880.86 75,449,853.00 CN0123 May 2022

1-year Adjusted

2 Modified Term 100.0000000000% 3,587.60 368,386.55 75 FLT CME Term SOFR Annually 12 7.035% 3.304% 3.304% 9.673% 1.250% 0.360% (21) 496.54 496.54 156 (22) 79,860.20 525,000.00 CN0123 May 2022

1-year Adjusted

2 Tenure 100.0000000000% 24.24 17,212.41 42 FLT CME Term SOFR Annually 12 7.355% 3.799% 3.799% 8.541% 0.500% 0.360% (21) 718.45 718.45 (20) 0.00 0.00 525,000.00 CN0123 May 2022

1-year Adjusted

2 Line Of Credit 100.0000000000% 7,772,878.04 1,637,014,470.93 50 FLT CME Term SOFR Annually 12 6.657% 3.186% 3.186% 8.912% 0.500% 0.360% 80.00 (19) (19) (19) (22) 319,514,042.67 3,068,764,984.00 CO1865 August 2022

1-year Adjusted

2 Modified Tenure 100.0000000000% 78,415.07 10,365,266.52 52 FLT CME Term SOFR Annually 12 6.483% 3.004% 3.004% 8.897% 0.500% 0.360% (21) 61,995.84 61,995.84 (20) (22) 4,384,691.82 31,563,825.00 CO1865 August 2022

1-year Adjusted

2 Modified Term 100.0000000000% 269,694.99 29,329,431.11 52 FLT CME Term SOFR Annually 12 6.687% 3.180% 3.180% 9.088% 0.500% 0.360% (21) 401,558.02 401,558.02 89 (22) 6,903,680.53 65,319,625.00 CO1865 August 2022

1-year Adjusted

2 Tenure 100.0000000000% 61,313.07 6,524,207.01 59 FLT CME Term SOFR Annually 12 6.120% 2.958% 2.958% 9.627% 0.500% 0.360% (21) 51,948.83 51,948.83 (20) 0.00 0.00 17,533,750.00 CO1865 August 2022

1-year Adjusted

2 Term 100.0000000000% 86,187.31 8,512,577.15 55 FLT CME Term SOFR Annually 12 6.419% 3.012% 3.012% 9.149% 0.500% 0.360% (21) 77,877.12 77,877.12 130 0.00 0.00 20,729,225.00 CO1865 August 2022

1-year Adjusted

2 Line Of Credit 100.0000000000% 7,513,489.11 1,619,225,077.32 49 FLT CME Term SOFR Annually 12 6.712% 3.234% 3.234% 8.831% 0.500% 0.360% 30.00 (19) (19) (19) (22) 309,982,219.37 3,024,723,239.00 CO1866 August 2022

1-year Adjusted

2 Modified Tenure 100.0000000000% 111,466.19 11,874,532.54 55 FLT CME Term SOFR Annually 12 6.628% 3.242% 3.242% 9.538% 0.500% 0.360% (21) 69,561.64 69,561.64 (20) (22) 5,108,279.36 32,282,075.00 CO1866 August 2022

1-year Adjusted 2 Modified Term 100.0000000000% 350,386.79 30,949,875.61 54 FLT CME Term SOFR Annually 12 6.420% 2.966% 2.966% 9.036% 0.500% 0.360% (21) 300,674.29 300,674.29 110 (22) 6,546,225.16 67,904,925.00 CO1866 August 2022

1-year Adjusted 2 Tenure 100.0000000000% 55,655.96 6,681,117.20 56 FLT CME Term SOFR Annually 12 6.536% 3.151% 3.151% 9.414% 0.500% 0.360% (21) 48,693.95 48,693.95 (20) 0.00 0.00 20,827,600.00 CO1866 August 20221-year Adjusted 2 Term 100.0000000000% 61,031.06 6,387,190.69 53 FLT CME Term SOFR Annually 12 6.448% 3.063% 3.063% 8.977% 0.500% 0.360% (21) 56,753.20 56,753.20 117 0.00 0.00 13,758,900.00 CO1866 August 2022

1-year Adjusted 2 Line Of Credit 100.0000000000% 7,076,620.77 1,628,793,324.37 53 FLT CME Term SOFR Annually 12 6.250% 2.790% 2.790% 8.648% 0.500% 0.360% 455.00 (19) (19) (19) (22) 362,970,129.08 3,037,168,341.00 CO1868 August 2022

1-year Adjusted 2 Modified Tenure 100.0000000000% 189,843.79 24,672,600.60 58 FLT CME Term SOFR Annually 12 6.222% 2.757% 2.757% 9.238% 0.500% 0.360% 30.00 130,394.11 130,394.11 (20) (22) 11,500,735.77 67,333,536.00 CO1868 August 2022

1-year Adjusted 2 Modified Term 100.0000000000% 621,035.57 58,615,106.77 53 FLT CME Term SOFR Annually 12 6.131% 2.698% 2.698% 8.645% 0.500% 0.360% 30.00 481,417.71 481,417.71 106 (22) 15,224,333.91 131,882,969.00 CO1868 August 2022

1-year Adjusted 2 Tenure 100.0000000000% 54,174.13 7,260,911.78 55 FLT CME Term SOFR Annually 12 6.189% 2.838% 2.838% 8.908% 0.500% 0.360% (21) 44,330.22 44,330.22 (20) 0.00 0.00 21,419,900.00 CO1868 August 2022

1-year Adjusted 2 Term 100.0000000000% 21,999.43 3,318,107.58 53 FLT CME Term SOFR Annually 12 6.322% 2.777% 2.777% 8.711% 0.500% 0.360% (21) 19,975.50 19,975.50 109 0.00 0.00 6,664,025.00 CO1868 August 2022

1-year Adjusted 2 Line Of Credit 100.0000000000% 6,719,861.95 1,622,162,101.49 50 FLT CME Term SOFR Annually 12 6.708% 3.205% 3.205% 8.852% 0.500% 0.360% 50.00 (19) (19) (19) (22) 301,678,970.50 3,015,055,440.00 CO1885 September 2022

1-year Adjusted 2 Modified Tenure 100.0000000000% 102,518.46 11,280,115.13 53 FLT CME Term SOFR Annually 12 6.495% 3.133% 3.133% 9.216% 0.500% 0.360% (21) 67,084.11 67,084.11 (20) (22) 4,693,233.81 31,780,725.00 CO1885 September 2022

1-year Adjusted 2 Modified Term 100.0000000000% 306,999.25 30,217,656.95 52 FLT CME Term SOFR Annually 12 6.547% 3.117% 3.117% 9.134% 0.500% 0.360% (21) 361,595.41 361,595.41 106 (22) 7,228,290.44 67,993,250.00 CO1885 September 2022

1-year Adjusted 2 Tenure 100.0000000000% 51,272.10 5,516,692.55 56 FLT CME Term SOFR Annually 12 6.406% 3.097% 3.097% 9.361% 0.500% 0.360% (21) 43,860.06 43,860.06 (20) 0.00 0.00 17,937,800.00 CO1885 September 2022

1-year Adjusted 2 Term 100.0000000000% 85,604.63 7,999,440.57 55 FLT CME Term SOFR Annually 12 6.316% 2.983% 2.983% 9.170% 0.500% 0.360% (21) 74,670.60 74,670.60 122 0.00 0.00 18,597,300.00 CO1885 September 2022

1-year Adjusted 2 Line Of Credit 100.0000000000% 6,791,406.07 1,617,671,904.07 50 FLT CME Term SOFR Annually 12 6.704% 3.237% 3.237% 8.978% 0.500% 0.360% 90.00 (19) (19) (19) (22) 314,159,846.37 3,032,886,711.00 CO9164 October 2022

1-year Adjusted 2 Modified Tenure 100.0000000000% 119,324.95 8,983,441.32 51 FLT CME Term SOFR Annually 12 6.295% 3.043% 3.043% 9.011% 0.500% 0.360% (21) 54,577.71 54,577.71 (20) (22) 3,477,243.98 26,307,525.00 CO9164 October 2022

1-year Adjusted 2 Modified Term 100.0000000000% 336,640.38 33,181,041.39 52 FLT CME Term SOFR Annually 12 6.659% 3.165% 3.165% 9.145% 0.500% 0.360% (21) 399,091.20 399,091.20 87 (22) 6,998,078.75 71,484,075.00 CO9164 October 2022

1-year Adjusted 2 Tenure 100.0000000000% 62,978.60 6,759,836.48 58 FLT CME Term SOFR Annually 12 6.190% 3.120% 3.120% 9.653% 0.500% 0.360% (21) 56,061.19 56,061.19 (20) 0.00 0.00 19,842,875.00 CO9164 October 2022

1-year Adjusted 2 Term 100.0000000000% 67,560.89 6,777,084.27 53 FLT CME Term SOFR Annually 12 6.429% 3.078% 3.078% 9.058% 0.500% 0.360% (21) 61,919.42 61,919.42 113 0.00 0.00 15,068,075.00 CO9164 October 2022

1-year Adjusted 2 Line Of Credit 100.0000000000% 6,644,658.17 1,635,510,285.63 50 FLT CME Term SOFR Annually 12 6.688% 3.225% 3.225% 8.913% 0.500% 0.360% 20.00 (19) (19) (19) (22) 313,095,329.10 3,050,760,457.00 CO9165 October 2022

1-year Adjusted 2 Modified Tenure 100.0000000000% 122,934.18 13,256,357.74 54 FLT CME Term SOFR Annually 12 6.490% 3.085% 3.085% 9.193% 0.500% 0.360% (21) 76,979.77 76,979.77 (20) (22) 6,015,727.20 37,538,375.00 CO9165 October 2022

1-year Adjusted 2 Modified Term 100.0000000000% 253,852.12 27,112,106.49 52 FLT CME Term SOFR Annually 12 6.510% 3.012% 3.012% 8.925% 0.500% 0.360% (21) 304,340.42 304,340.42 93 (22) 6,738,022.00 62,102,475.00 CO9165 October 2022

1-year Adjusted 2 Tenure 100.0000000000% 51,495.08 6,445,487.73 57 FLT CME Term SOFR Annually 12 6.487% 2.985% 2.985% 9.353% 0.500% 0.360% (21) 44,581.59 44,581.59 (20) 0.00 0.00 18,518,475.00 CO9165 October 2022

E-2
Approximate

Weighted Approximate Approximate Approximate

Approximate Average Approximate Weighted Weighted Weighted

Weighted Next Weighted Approximate Average Average Approximate Average

Average Rate Average Weighted Gross Gross Approximate Weighted Initial Subsequent Remaining Initial

HECM MBS HECM Age HECM RateReset Reset Gross Average Lifetime Lifetime Weighted Average Monthly Monthly Monthly Draw Term Available Maximum

Groupor Percentageof Principal HECM (inmonths) Interest Frequency Month InterestRate Gross InterestRate InterestRate Average MIP Servicing Fee Servicing Scheduled Scheduled (inmonths) Lineof Available Line ClaimAmount Pool HECM MBS Issue

Subgroup PaymentPlan PoolinTrust Balance(2) LoanBalance (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) ofCredit(17) (18) Number Date

1-year Adjusted 2 Term 100.0000000000% $ 77,946.41 $ 8,122,683.57 55 FLT CME Term SOFR Annually 12 6.405% 2.972% 2.972% 9.138% 0.500% 0.360% (21) $ 72,710.90 $ 72,710.90 136 $0.00 $ 0.00 $ 19,420,050.00 CO9165 October 2022

1-year Adjusted 2 Line Of Credit 100.0000000000% 7,287,763.41 1,737,639,605.40 51 FLT CME Term SOFR Annually 12 6.330% 2.856% 2.856% 8.648% 0.500% 0.360% $5.00 (19) (19) (19) (22) 382,251,087.63 3,235,940,326.00 CP0587 September 2022

1-year Adjusted

2 Modified Tenure 100.0000000000% 184,701.68 23,482,098.67 55 FLT CME Term SOFR Annually 12 6.174% 2.718% 2.718% 8.876% 0.500% 0.360% (21) 122,972.38 122,972.38 (20) (22) 10,853,975.55 64,352,725.00 CP0587 September 2022

1-year Adjusted

2 Modified Term 100.0000000000% 401,274.89 39,755,915.98 53 FLT CME Term SOFR Annually 12 6.282% 2.889% 2.889% 8.887% 0.500% 0.360% (21) 312,132.88 312,132.88 99 (22) 9,485,105.88 86,959,075.00 CP0587 September 2022

1-year Adjusted

2 Tenure 100.0000000000% 63,701.56 7,540,300.04 55 FLT CME Term SOFR Annually 12 5.948% 2.723% 2.723% 9.062% 0.500% 0.360% (21) 53,957.20 53,957.20 (20) 0.00 0.00 19,492,100.00 CP0587 September 2022

1-year Adjusted

2 Term 100.0000000000% 94,859.21 9,777,966.23 51 FLT CME Term SOFR Annually 12 6.016% 2.667% 2.667% 8.626% 0.500% 0.360% (21) 81,880.55 81,880.55 113 0.00 0.00 20,460,875.00 CP0587 September 2022

1-year Adjusted

2 Line Of Credit 100.0000000000% 5,310,837.52 1,427,005,987.09 50 FLT CME Term SOFR Annually 12 6.216% 2.750% 2.750% 8.471% 0.500% 0.360% 20.00 (19) (19) (19) (22) 281,332,685.25 2,647,228,040.00 CP1844 September 2022

1-year Adjusted

2 Modified Tenure 100.0000000000% 112,389.93 12,342,706.95 52 FLT CME Term SOFR Annually 12 6.324% 2.865% 2.865% 8.851% 0.500% 0.360% (21) 70,741.29 70,741.29 (20) (22) 5,468,397.45 35,213,150.00 CP1844 September 2022

1-year Adjusted

2 Modified Term 100.0000000000% 317,327.76 30,681,317.09 51 FLT CME Term SOFR Annually 12 6.335% 2.809% 2.809% 8.555% 0.500% 0.360% (21) 252,465.47 252,465.47 86 (22) 10,356,252.66 71,488,725.00 CP1844 September 2022

1-year Adjusted

2 Tenure 100.0000000000% 35,670.12 3,825,686.56 55 FLT CME Term SOFR Annually 12 6.311% 2.828% 2.828% 8.794% 0.500% 0.360% (21) 30,125.53 30,125.53 (20) 0.00 0.00 11,044,700.00 CP1844 September 2022

1-year Adjusted 2 Term 100.0000000000% 71,370.14 7,794,344.44 56 FLT CME Term SOFR Annually 12 5.967% 2.671% 2.671% 8.689% 0.500% 0.360% (21) 60,893.42 60,893.42 127 0.00 0.00 16,765,325.00 CP1844 September 2022

1-year Adjusted 2 Line Of Credit 100.0000000000% 8,441,260.94 2,493,180,509.95 86 FLT CME Term SOFR Annually 12 6.882% 3.470% 3.470% 9.377% 1.250% 0.360% (21) (19) (19) (19) (22) 473,455,668.26 3,419,701,046.00 CP3115 November 2022

1-year Adjusted 2 Modified Tenure 100.0000000000% 289,790.13 41,837,140.90 91 FLT CME Term SOFR Annually 12 6.662% 3.372% 3.372% 9.063% 1.250% 0.360% (21) 186,011.20 186,011.20 (20) (22) 12,344,314.71 76,293,450.00 CP3115 November 20221-year Adjusted

2 Modified Term 100.0000000000% 550,403.55 67,630,534.69 87 FLT CME Term SOFR Annually 12 6.928% 3.470% 3.470% 9.316% 1.250% 0.360% (21) 410,557.57 410,557.57 103 (22) 15,924,379.68 101,670,390.00 CP3115 November 2022

1-year Adjusted

2 Tenure 100.0000000000% 214,527.05 28,944,638.40 89 FLT CME Term SOFR Annually 12 6.931% 3.477% 3.477% 9.281% 1.250% 0.360% (21) 160,234.59 160,234.59 (20) 0.00 0.00 52,828,300.00 CP3115 November 2022

1-year Adjusted

2 Term 100.0000000000% 83,231.75 12,019,061.98 89 FLT CME Term SOFR Annually 12 6.923% 3.488% 3.488% 9.263% 1.250% 0.360% (21) 66,950.48 66,950.48 157 0.00 0.00 17,381,650.00 CP3115 November 2022

1-year Adjusted 2 Line Of Credit 47.0007806549% 6,307,361.28 1,602,685,473.12 50 FLT CME Term SOFR Annually 12 6.708% 3.222% 3.222% 8.940% 0.500% 0.360% 50.00 (19) (19) (19) (22) 298,876,842.44 2,987,513,791.00 CP3116 November 2022

1-year Adjusted 2 Modified Tenure 47.0007806549% 73,861.14 9,879,948.61 54 FLT CME Term SOFR Annually 12 6.471% 3.035% 3.035% 9.119% 0.500% 0.360% (21) 53,142.69 53,142.69 (20) (22) 4,542,426.39 28,462,900.00 CP3116 November 2022

1-year Adjusted 2 Modified Term 47.0007806549% 333,861.26 32,728,228.70 54 FLT CME Term SOFR Annually 12 6.686% 3.236% 3.236% 9.435% 0.500% 0.360% (21) 289,833.13 289,833.13 77 (22) 6,291,511.34 68,916,050.00 CP3116 November 2022

1-year Adjusted

2 Tenure 47.0007806549% 62,048.35 6,541,837.07 58 FLT CME Term SOFR Annually 12 6.055% 2.970% 2.970% 9.523% 0.500% 0.360% (21) 51,662.03 51,662.03 (20) 0.00 0.00 18,409,250.00 CP3116 November 2022

1-year Adjusted

2 Term 47.0007806549% 96,468.44 10,180,190.54 56 FLT CME Term SOFR Annually 12 6.341% 3.018% 3.018% 9.196% 0.500% 0.360% (21) 84,066.21 84,066.21 125 0.00 0.00 22,779,800.00 CP3116 November 2022

1-year Adjusted

2 Line Of Credit 50.6428764360% 6,456,409.96 1,639,106,048.55 50 FLT CME Term SOFR Annually 12 6.667% 3.175% 3.175% 8.882% 0.500% 0.360% 60.00 (19) (19) (19) (22) 299,798,908.07 3,033,390,782.00 CP3117 November 2022

1-year Adjusted

2 Modified Tenure 50.6428764360% 100,331.37 12,359,850.45 53 FLT CME Term SOFR Annually 12 6.622% 3.212% 3.212% 9.243% 0.500% 0.360% (21) 78,414.79 78,414.79 (20) (22) 4,950,544.79 35,383,000.00 CP3117 November 2022

1-year Adjusted

2 Modified Term 50.6428764360% 336,385.94 27,572,031.96 51 FLT CME Term SOFR Annually 12 6.383% 2.892% 2.892% 8.750% 0.500% 0.360% (21) 412,699.18 412,699.18 82 (22) 7,096,727.70 64,064,100.00 CP3117 November 2022

1-year Adjusted

2 Tenure 50.6428764360% 58,586.82 6,663,487.14 58 FLT CME Term SOFR Annually 12 6.604% 3.172% 3.172% 9.560% 0.500% 0.360% (21) 48,980.75 48,980.75 (20) 0.00 0.00 19,952,100.00 CP3117 November 2022

1-year Adjusted

2 Term 50.6428764360% 53,830.44 4,719,577.30 55 FLT CME Term SOFR Annually 12 6.338% 2.893% 2.893% 9.064% 0.500% 0.360% (21) 50,564.11 50,564.11 129 0.00 0.00 11,708,325.00 CP3117 November 2022

1-year Adjusted

2 Line Of Credit 100.0000000000% 5,652,664.40 2,033,029,939.75 90 FLT CME Term SOFR Annually 12 6.857% 3.403% 3.403% 9.135% 1.250% 0.360% (21) (19) (19) (19) (22) 365,690,300.19 2,736,723,881.00 CP7044 October 2022

1-year Adjusted

2 Modified Tenure 100.0000000000% 255,912.45 41,031,349.14 91 FLT CME Term SOFR Annually 12 6.757% 3.259% 3.259% 8.951% 1.250% 0.360% (21) 147,897.98 147,897.98 (20) (22) 11,315,277.99 72,373,800.00 CP7044 October 2022

1-year Adjusted

2 Modified Term 100.0000000000% 381,314.69 64,050,869.74 95 FLT CME Term SOFR Annually 12 6.723% 3.242% 3.242% 8.825% 1.250% 0.360% (21) 298,785.47 298,785.47 122 (22) 12,607,578.20 92,457,800.00 CP7044 October 2022

1-year Adjusted

2 Tenure 100.0000000000% 170,141.61 27,801,927.44 96 FLT CME Term SOFR Annually 12 6.791% 3.391% 3.391% 8.888% 1.250% 0.360% (21) 124,248.47 124,248.47 (20) 0.00 0.00 47,584,950.00 CP7044 October 2022

1-year Adjusted

2 Term 100.0000000000% 71,646.04 10,656,123.04 91 FLT CME Term SOFR Annually 12 6.801% 3.340% 3.340% 9.042% 1.250% 0.360% (21) 62,631.19 62,631.19 151 0.00 0.00 15,209,800.00 CP7044 October 2022

1-year Adjusted

2 Line Of Credit 100.0000000000% 6,173,470.72 1,730,965,386.20 51 FLT CME Term SOFR Annually 12 6.303% 2.837% 2.837% 8.663% 0.500% 0.360% 5.00 (19) (19) (19) (22) 381,356,059.45 3,225,260,976.00 CP7045 October 2022

1-year Adjusted 2 Modified Tenure 100.0000000000% 267,374.76 23,482,098.67 54 FLT CME Term SOFR Annually 12 6.150% 2.649% 2.649% 8.770% 0.500% 0.360% (21) 122,972.38 122,972.38 (20) (22) 10,853,975.55 64,352,725.00 CP7045 October 2022

1-year Adjusted 2 Modified Term 100.0000000000% 387,852.74 40,018,333.36 53 FLT CME Term SOFR Annually 12 6.172% 2.800% 2.800% 8.828% 0.500% 0.360% (21) 314,078.26 314,078.26 102 (22) 9,489,201.80 87,364,075.00 CP7045 October 2022

1-year Adjusted 2 Tenure 100.0000000000% 64,681.34 7,540,300.04 55 FLT CME Term SOFR Annually 12 5.925% 2.705% 2.705% 9.020% 0.500% 0.360% (21) 53,957.20 53,957.20 (20) 0.00 0.00 19,492,100.00 CP7045 October 2022

1-year Adjusted 2 Term 100.0000000000% 90,768.03 9,601,327.44 52 FLT CME Term SOFR Annually 12 6.001% 2.660% 2.660% 8.660% 0.500% 0.360% (21) 79,836.18 79,836.18 113 0.00 0.00 20,060,875.00 CP7045 October 2022

1-year Adjusted 2 Line Of Credit 100.0000000000% 634,340.01 178,523,645.03 88 FLT CME Term SOFR Annually 12 6.234% 3.106% 3.106% 8.845% 1.103% 0.360% 210.00 (19) (19) (19) (22) 36,853,708.35 271,008,206.00 CQ7901 May 2023

1-year Adjusted 2 Modified Tenure 100.0000000000% 9,311.27 1,275,206.53 71 FLT CME Term SOFR Annually 12 5.959% 2.679% 2.679% 9.130% 0.709% 0.360% (21) 7,862.05 7,862.05 (20) (22) 574,855.99 3,799,050.00 CQ7901 May 2023

1-year Adjusted

2 Modified Term 100.0000000000% 27,128.52 3,807,971.26 68 FLT CME Term SOFR Annually 12 6.405% 2.892% 2.892% 8.312% 0.799% 0.360% (21) 23,325.13 23,325.13 274 (22) 164,396.96 6,155,400.00 CQ7901 May 2023

1-year Adjusted

2 Tenure 100.0000000000% 10,971.21 1,817,678.53 88 FLT CME Term SOFR Annually 12 6.612% 3.095% 3.095% 8.854% 1.063% 0.360% (21) 8,644.68 8,644.68 (20) 0.00 0.00 3,631,525.00 CQ7901 May 2023

1-year Adjusted

2 Term 100.0000000000% 2,511.03 850,950.80 81 FLT CME Term SOFR Annually 12 5.416% 3.296% 3.296% 9.598% 0.817% 0.360% (21) 1,652.83 1,652.83 146 0.00 0.00 1,101,525.00 CQ7901 May 2023

E-3
Approximate

Weighted Approximate Approximate Approximate

Approximate Average Approximate Weighted Weighted Weighted

Weighted Next Weighted Approximate Average Average Approximate Average

Average Rate Average Weighted Gross Gross Approximate Weighted Initial Subsequent Remaining Initial

HECM MBS HECM Age HECM RateReset Reset Gross Average Lifetime Lifetime Weighted Average Monthly Monthly Monthly Draw Term Available Maximum

Groupor Percentageof Principal HECM (inmonths) Interest Frequency Month InterestRate Gross InterestRate InterestRate Average MIP Servicing Fee Servicing Scheduled Scheduled (inmonths) Lineof Available Line ClaimAmount Pool HECM MBS Issue

Subgroup PaymentPlan PoolinTrust Balance(2) LoanBalance (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) ofCredit(17) (18) Number Date

1-year Adjusted 2 Line Of Credit 51.1414994931%$ 6,836,407.97 $1,420,985,243.63 51 FLT CME Term SOFR Annually 12 6.158% 2.698% 2.698% 8.407% 0.500% 0.360% $20.00 (19) (19) (19) (22) $275,204,683.59 $2,628,619,546.00 CQ9569 October 2022

1-year Adjusted 2 Modified Tenure 51.1414994931% 195,130.73 12,138,250.09 49 FLT CME Term SOFR Annually 12 6.499% 3.041% 3.041% 8.535% 0.500% 0.360% (21) $ 69,316.57 $ 69,316.57 (20) (22) 5,323,163.24 34,501,150.00 CQ9569 October 20221-year Adjusted

2 Modified Term 51.1414994931% 356,861.64 30,630,707.44 51 FLT CME Term SOFR Annually 12 6.413% 2.902% 2.902% 8.580% 0.500% 0.360% (21) 252,172.65 252,172.65 80 (22) 10,331,907.05 71,355,725.00 CQ9569 October 2022

1-year Adjusted

2 Tenure 51.1414994931% 34,427.22 3,825,686.56 55 FLT CME Term SOFR Annually 12 6.295% 2.820% 2.820% 8.776% 0.500% 0.360% (21) 30,125.53 30,125.53 (20) $0.00 0.00 11,044,700.00 CQ9569 October 2022

1-year Adjusted

2 Term 51.1414994931% 72,387.77 7,794,344.44 55 FLT CME Term SOFR Annually 12 6.021% 2.718% 2.718% 8.657% 0.500% 0.360% (21) 60,893.42 60,893.42 123 0.00 0.00 16,765,325.00 CQ9569 October 2022

1-year Adjusted

2 Line Of Credit 100.0000000000% 4,861,514.06 1,423,219,216.19 50 FLT CME Term SOFR Annually 12 6.281% 2.792% 2.792% 8.483% 0.500% 0.360% 20.00 (19) (19) (19) (22) 282,208,510.77 2,643,246,740.00 CQ9579 November 2022

1-year Adjusted

2 Modified Tenure 100.0000000000% 86,176.07 12,138,250.09 54 FLT CME Term SOFR Annually 12 6.196% 2.801% 2.801% 8.865% 0.500% 0.360% (21) 69,316.57 69,316.57 (20) (22) 5,323,163.24 34,501,150.00 CQ9579 November 2022

1-year Adjusted

2 Modified Term 100.0000000000% 272,097.40 30,649,499.05 51 FLT CME Term SOFR Annually 12 6.401% 2.913% 2.913% 8.622% 0.500% 0.360% (21) 253,372.65 253,372.65 95 (22) 10,428,384.17 71,535,725.00 CQ9579 November 2022

1-year Adjusted

2 Tenure 100.0000000000% 39,085.24 3,825,686.56 53 FLT CME Term SOFR Annually 12 6.356% 2.856% 2.856% 8.655% 0.500% 0.360% (21) 30,125.53 30,125.53 (20) 0.00 0.00 11,044,700.00 CQ9579 November 2022

1-year Adjusted

2 Term 100.0000000000% 69,432.85 7,794,344.44 56 FLT CME Term SOFR Annually 12 5.984% 2.694% 2.694% 8.687% 0.500% 0.360% (21) 60,893.42 60,893.42 124 0.00 0.00 16,765,325.00 CQ9579 November 2022

1-year Adjusted 2 Line Of Credit 100.0000000000% 2,952,885.82 30,003,660.90 40 FLT CME Term SOFR Annually 12 6.855% 3.161% 3.161% 7.846% 0.500% 0.360% (21) (19) (19) (19) (22) 8,547,811.84 58,421,016.00 CS3964 March 2023

1-year Adjusted 2 Modified Tenure 100.0000000000% 110,176.70 531,702.12 39 FLT CME Term SOFR Annually 12 7.080% 3.358% 3.358% 8.015% 0.500% 0.360% (21) 5,568.27 5,568.27 (20) (22) 239,921.65 1,740,500.00 CS3964 March 2023

1-year Adjusted 2 Modified Term 100.0000000000% 207,396.02 845,109.43 39 FLT CME Term SOFR Annually 12 7.254% 3.487% 3.487% 8.133% 0.500% 0.360% (21) 6,105.26 6,105.26 189 (22) 234,462.49 2,225,600.00 CS3964 March 2023

1-year Adjusted

2 Line Of Credit 100.0000000000% 1,799,849.06 505,007,615.07 80 FLT CME Term SOFR Annually 12 6.934% 3.421% 3.421% 9.520% 1.250% 0.360% (21) (19) (19) (19) (22) 117,387,555.31 744,199,950.00 CS6205 February 2023

1-year Adjusted

2 Modified Tenure 100.0000000000% 157,388.69 13,154,296.74 79 FLT CME Term SOFR Annually 12 6.978% 3.489% 3.489% 9.636% 1.250% 0.360% (21) 55,555.14 55,555.14 (20) (22) 5,588,320.22 25,506,150.00 CS6205 February 2023

1-year Adjusted

2 Modified Term 100.0000000000% 107,482.86 17,295,727.82 80 FLT CME Term SOFR Annually 12 6.882% 3.397% 3.397% 9.529% 1.250% 0.360% (21) 103,866.08 103,866.08 117 (22) 4,421,361.99 28,294,926.00 CS6205 February 2023

1-year Adjusted 2 Tenure 100.0000000000% 51,572.91 7,692,321.66 81 FLT CME Term SOFR Annually 12 6.846% 3.379% 3.379% 9.460% 1.250% 0.360% (21) 39,851.03 39,851.03 (20) 0.00 0.00 15,235,100.00 CS6205 February 2023

1-year Adjusted 2 Term 100.0000000000% 40,088.12 4,687,138.08 82 FLT CME Term SOFR Annually 12 6.746% 3.379% 3.379% 9.451% 1.250% 0.360% (21) 32,853.61 32,853.61 156 0.00 0.00 7,399,950.00 CS6205 February 2023

9B Lump Sum 100.0000000000% 1,526,862.99 1,608,710.93 74 FIX N/A N/A N/A 4.528% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 2,395,137.00 BE0436 February 2018

9B Lump Sum 100.0000000000% 1,243,621.06 1,311,651.16 70 FIX N/A N/A N/A 4.415% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 1,895,000.00 BE5538 June 2018

9B Lump Sum 100.0000000000% 1,945,845.69 2,081,850.19 69 FIX N/A N/A N/A 4.582% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 3,310,871.00 BE5543 July 2018

9B Lump Sum 100.0000000000% 3,667,079.22 3,909,256.89 65 FIX N/A N/A N/A 4.610% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 6,013,692.00 BE5581 November 2018

9B Lump Sum 100.0000000000% 826,230.11 863,810.19 64 FIX N/A N/A N/A 4.250% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 1,287,000.00 BE9471 January 2019

9B Lump Sum 100.0000000000% 2,030,086.04 2,177,905.27 71 FIX N/A N/A N/A 4.517% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 3,355,000.00 BG2045 June 2018

9B Lump Sum 100.0000000000% 3,567,140.52 3,941,474.25 69 FIX N/A N/A N/A 4.676% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 6,478,042.00 BG2063 July 2018

9B Lump Sum 100.0000000000% 1,601,310.29 1,703,303.73 69 FIX N/A N/A N/A 4.596% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 3,037,300.00 BG2079 August 2018

9B Lump Sum 100.0000000000% 4,629,929.08 4,980,514.00 70 FIX N/A N/A N/A 4.497% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 8,179,500.00 BG6062 June 2018

9B Lump Sum 100.0000000000% 1,864,916.31 1,959,198.67 70 FIX N/A N/A N/A 4.510% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 3,065,151.00 BH4318 June 2018

9B Lump Sum 100.0000000000% 1,682,820.77 1,783,008.59 69 FIX N/A N/A N/A 4.583% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 2,727,523.00 BI2056 July 2018

9B Lump Sum 100.0000000000% 1,964,768.13 2,110,009.58 69 FIX N/A N/A N/A 4.635% N/A N/A N/A 0.500% 0.360% 30.00 (19) (19) (19) 0.00 0.00 3,333,000.00 BI2057 July 2018

9B Lump Sum 100.0000000000% 4,373,159.02 4,587,010.93 67 FIX N/A N/A N/A 4.585% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 7,333,997.00 BI8330 October 2018

9B Lump Sum 50.0002838540% 3,406,681.30 3,616,364.71 61 FIX N/A N/A N/A 4.726% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 5,963,619.00 BK5093 March 2019

9B Lump Sum 66.9984221739% 1,086,824.46 1,136,024.14 63 FIX N/A N/A N/A 4.779% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 1,838,189.00 BK8151 January 2019

9B Lump Sum 100.0000000000% 1,713,113.57 1,789,491.61 62 FIX N/A N/A N/A 4.593% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 2,773,000.00 BK8159 February 2019

9B Lump Sum 100.0000000000% 726,885.06 759,246.01 63 FIX N/A N/A N/A 4.874% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 1,285,050.00 BL6619 February 2019

9C Line Of Credit 38.2204585538% 1,701.00 1,064,277.39 158 FIX N/A N/A N/A 5.272% N/A N/A N/A 0.888% 0.360% (21) (19) (19) (19) (23) (23) 1,741,900.00 725875 September 2011

9C Line Of Credit 3.8684974663% 26,231.89 31,551.79 150 FIX N/A N/A N/A 5.060% N/A N/A N/A 1.250% 0.360% (21) (19) (19) (19) (23) (23) 82,000.00 756690 October 2011

9C Lump Sum 5.9889182919% 699,341.65 842,706.14 120 FIX N/A N/A N/A 4.832% N/A N/A N/A 1.250% 0.360% (21) (19) (19) (19) 0.00 0.00 1,138,530.00 798531 April 2014

9C Line Of Credit 100.0000000000% 1,126.13 2,011,101.70 165 FIX N/A N/A N/A 5.540% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) (23) (23) 2,817,500.00 AB7937 July 20159C Lump Sum 40.1798555733% 919,560.05 1,087,778.84 120 FIX N/A N/A N/A 4.903% N/A N/A N/A 1.250% 0.360% (21) (19) (19) (19) 0.00 0.00 1,409,550.00 AH4582 April 2014

9C Line Of Credit 50.7715523264% 1,789.25 1,561,056.82 150 FIX N/A N/A N/A 4.696% N/A N/A N/A 1.250% 0.360% (21) (19) (19) (19) (23) (23) 2,309,600.00 AH4603 May 2014

9C Lump Sum 18.6266750540% 241,634.00 99,478,227.84 109 FIX N/A N/A N/A 4.907% N/A N/A N/A 1.250% 0.360% (21) (19) (19) (19) 0.00 0.00 110,705,874.00 AR6618 September 2016

9C Lump Sum 2.1633834135% 2,390,861.91 2,700,163.74 93 FIX N/A N/A N/A 4.864% N/A N/A N/A 1.250% 0.360% (21) (19) (19) (19) 0.00 0.00 3,017,260.00 AT2417 August 2016

9C Lump Sum 52.5233221385% 827,907.57 228,340,226.06 109 FIX N/A N/A N/A 4.877% N/A N/A N/A 1.250% 0.360% (21) (19) (19) (19) 0.00 0.00 253,034,858.00 AT2662 September 2016

9C Lump Sum 22.6215988996% 5,514,658.25 6,194,870.95 83 FIX N/A N/A N/A 5.050% N/A N/A N/A 1.250% 0.360% (21) (19) (19) (19) 0.00 0.00 7,021,121.00 AY2269 May 2017

9C Line Of Credit 100.0000000000% 3,149.30 2,629,352.60 125 FIX N/A N/A N/A 4.796% N/A N/A N/A 1.250% 0.360% (21) (19) (19) (19) (23) (23) 3,180,000.00 AY2272 May 2017

9C Lump Sum 100.0000000000% 482,301.26 364,450,575.27 99 FIX N/A N/A N/A 5.007% N/A N/A N/A 1.250% 0.360% (21) (19) (19) (19) 0.00 0.00 412,944,819.00 AY2272 May 2017

9C Lump Sum 28.7962779576% 2,400,866.81 2,696,828.10 85 FIX N/A N/A N/A 5.011% N/A N/A N/A 1.250% 0.360% (21) (19) (19) (19) 0.00 0.00 3,057,054.00 AY4767 March 2017

9C Lump Sum 59.6733185346% 3,392,767.32 3,759,814.38 76 FIX N/A N/A N/A 4.859% N/A N/A N/A 1.250% 0.360% (21) (19) (19) (19) 0.00 0.00 4,734,648.00 BE4833 December 2017

9C Lump Sum 17.4478735717% 6,192,664.37 6,357,337.34 35 FIX N/A N/A N/A 3.210% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 9,847,295.00 CD1869 May 2021

9C Lump Sum 24.1004954867% 14,655,232.47 15,038,186.59 35 FIX N/A N/A N/A 3.211% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 24,590,920.00 CE1767 May 2021

9C Lump Sum 50.0000001385% 3,611,172.09 3,713,243.91 30 FIX N/A N/A N/A 3.177% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 6,430,250.00 CJ6763 November 2021

9C Lump Sum 100.0000000000% 564,630.00 283,241,377.55 95 FIX N/A N/A N/A 4.930% N/A N/A N/A 1.250% 0.360% (21) (19) (19) (19) 0.00 0.00 325,731,910.00 CW9910 December 2023

9C Lump Sum 100.0000000000% 329,006.25 287,650,062.73 44 FIX N/A N/A N/A 4.250% N/A N/A N/A 0.500% 0.360% (21) (19) (19) (19) 0.00 0.00 495,069,027.00 CW9911 December 2023

9C Line Of Credit 100.0000000000% 16,750.73 13,620,642.83 140 FIX N/A N/A N/A 4.743% N/A N/A N/A 1.195% 0.360% 230.00 (19) (19) (19) (23) (23) 20,696,400.00 CY5045 December 2023

9C Lump Sum 100.0000000000% 365,986.12 246,839,180.91 107 FIX N/A N/A N/A 4.864% N/A N/A N/A 1.250% 0.360% (21) (19) (19) (19) 0.00 0.00 274,355,695.00 CY5045 December 2023

9C Lump Sum 100.0000000000% 399,380.60 272,622,723.11 92 FIX N/A N/A N/A 4.918% N/A N/A N/A 1.250% 0.360% (21) (19) (19) (19) 0.00 0.00 316,693,764.00 CZ4323 January 2024

9C Line Of Credit 100.0000000000% 16,778.00 13,620,642.83 140 FIX N/A N/A N/A 4.740% N/A N/A N/A 1.195% 0.360% 230.00 (19) (19) (19) (23) (23) 20,696,400.00 CZ5991 January 2024

9C Lump Sum 100.0000000000% 342,659.84 246,436,733.72 107 FIX N/A N/A N/A 4.868% N/A N/A N/A 1.250% 0.360% (21) (19) (19) (19) 0.00 0.00 273,881,195.00 CZ5991 January 2024

E-4
(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 2, Subgroup 9B and Subgroup 9C TrustAssets. 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 2, Subgroup 9B and Subgroup 9C securities are only entitled to the Group 2, Subgroup 9B and Subgroup 9C 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.

(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 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 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 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

E-5
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 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 Lines of Credit related to these HECMs are fully drawn.

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.

E-6
$306,466,240

Government National

Mortgage Association

GINNIE MAEÈ

Guaranteed HECM MBS REMIC

Pass-Through Securities

and MX Securities

Ginnie Mae REMIC Trust 2024-H04

OFFERING CIRCULAR SUPPLEMENT

March 25, 2024

BofA Securities

Drexel Hamilton, LLC