Offering Circular Supplement

(To Multifamily Base Offering Circular

dated July 1, 2023)

$112,046,418
 

Government National Mortgage Association
 

GINNIE MAE®
 

Guaranteed Multifamily REMIC Pass-Through Securities
 

and MX Securities
 

Ginnie Mae REMIC Trust 2024-047
 

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. 

Ginnie Mae does not guarantee the 

payment of any Prepayment Penalties. 

The Trust and its Assets

The Trust will own (1) the Ginnie Mae 

Multifamily Certificates described on 

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

AM . . . . . . . . . $ 75,000,000 (5) SEQ WAC/DLY 38381LAA0 October 2065 

M . . . . . . . . . . 2,353,184 (5) SEQ WAC/DLY 38381LAB8 October 2065 

IO . . . . . . . . . 77,353,184 (5) NTL(PT) WAC/IO/DLY 38381LAC6 October 2065 

Security Group 2

AP(1) ........ 20,000,000 (5) PT WAC/DLY 38381LAD4 October 2065 

BI(1) ........ 20,000,000 (5) NTL(PT) WAC/IO/DLY 38381LAE2 October 2065 

Security Group 3

LD . . . . . . . . . 14,693,234 (5) SC/PT WAC/DLY 38381LAF9 February 2066 

Security Group 4

IA(1) ........ 87,943,799 0.75% NTL(SC/PT) FIX/IO 38381LAG7 May 2063 

IB(1) ........ 65,091,533 0.75 NTL(SC/PT) FIX/IO 38381LAH5 May 2063 

IC(1) ........ 101,314,925 0.75 NTL(SC/PT) FIX/IO 38381LAJ1 April 2063 

ID(1) ........ 108,089,578 0.75 NTL(SC/PT) FIX/IO 38381LAK8 February 2064 

IE(1) ........ 170,573,975 0.75 NTL(SC/PT) FIX/IO 38381LAL6 April 2063 

IG(1) ........ 158,714,143 0.75 NTL(SC/PT) FIX/IO 38381LAM4 April 2063 

IH(1) ........ 113,595,155 0.75 NTL(SC/PT) FIX/IO 38381LAN2 June 2064 

IJ(1) ........ 141,811,005 0.75 NTL(SC/PT) FIX/IO 38381LAP7 April 2063 

IK(1) ........ 9,656,468 0.75 NTL(SC/PT) FIX/IO 38381LAQ5 February 2064 

Residuals

RR . . . . . . . . . 0 0.00 NPR NPR 38381LAR3 October 2065 

RR3 . . . . . . . . . 0 0.00 NPR NPR 38381LAS1 February 2066 

RR4 . . . . . . . . . 0 0.00 NPR NPR 38381LAT9 June 2064 

Exhibit A and (2) certain previously (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 issued multifamily certificates. 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 Multifamily Base Offering Circular. The Class 

Notional Balance of each Notional Class will be reduced 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.

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-8 which highlights some of these risks.
 

The Sponsor and the Co-Sponsor will offer the securities from time to time in negotiated transactions at varying
 

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

You should read the Base Offering Circular for Guaranteed Multifamily REMIC Pass-Through Securities,
 

Chapter 31 and Chapter 32 of the Ginnie Mae Mortgage-Backed Securities Guide 5500.3, as amended, and 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.
 

Citigroup Academy Securities, Inc.
 

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 for Guaranteed Multifamily REMIC Pass-Through Securities dated as of 

July 1, 2023 (hereinafter referred to as the “Multifamily Base Offering Circular”), 

• Chapter 31 and Chapter 32 of the Ginnie Mae Mortgage-Backed Securities Guide 5500.3, as 

amended (the “MBS Guide”) and 

• in the case of the Group 3 and Group 4 Securities, the disclosure documents relating to the Underlying Certificates (the “Underlying Certificate Disclosure Documents”). 

The Multifamily Base Offering Circular, the MBS Guide 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 Multifamily Base Offering Circular and the MBS Guide. 

In addition, you can obtain copies of the disclosure documents related to the Ginnie Mae Multifamily 

Certificates by contacting BNY Mellon at the telephone number listed above. 

Please consult the standard abbreviations of Class Types included in the Multifamily Base Offering 

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

for definitions of capitalized terms. 

TABLE OF CONTENTS

Page Page

Terms Sheet ................... S-3 Certain United States Federal Income
 

Tax Consequences ............. S-39 Risk Factors ................... S-8 
 ERISA Matters .................. S-41
 The Trust Assets ................. S-13
 Legal Investment Considerations .... S-41

Ginnie Mae Guaranty ............. S-20
 Plan of Distribution .............. S-41
 

Description of the Securities ....... S-20 Increase in Size ................. S-42
 

Yield, Maturity and Prepayment Legal Matters ................... S-42
 

Considerations ................ S-24 Schedule I: Available Combinations . . . S-I-1
 

Exhibit A: Characteristics of the

Ginnie Mae Multifamily Certificates

and the Related Mortgage Loans . . . A-1

Exhibit B: Underlying Certificates .... B-1

Exhibit C: Updated Exhibits A ....... C-1

S-2 
TERMS SHEET

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

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

Sponsor: Citigroup Global Markets Inc. 

Co-Sponsor: Academy Securities, Inc. 

Trustee: U.S. Bank National Association 

Tax Administrator: The Trustee 

Closing Date: March 28, 2024 

Distribution Date: The 16th day of each month or, if the 16th day is not a Business Day, the first Business Day thereafter, commencing in April 2024. 

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. The Group 4 Trust 

Assets consist of nine subgroups, Subgroup 4A, Subgroup 4B, Subgroup 4C, Subgroup 4D, Subgroup 4E, 

Subgroup 4F, Subgroup 4G, Subgroup 4H and Subgroup 4I (each, a “Subgroup”), as shown in Exhibit B to 

this Supplement. Payments on each Group will be based solely on payments on the Trust Asset Group 

with the same numerical designation. 

Composition of the Trust Assets:

For the Group 1 Securities, the Trust Assets consist of Ginnie Mae Multifamily Certificates which will 

include: 

(i) 15 fixed rate Ginnie Mae Project Loan Certificates, which have an aggregate balance of approximately $18,708,454 as of the Cut-off Date and 

(ii) 49 fixed rate Ginnie Mae Construction Loan Certificates, which have an aggregate balance of 

approximately $58,750,730 as of the Cut-off Date. 

For the Group 2 Securities, the Trust Assets consist of Ginnie Mae Multifamily Certificates which will 

include: 

(i) 22 fixed rate Ginnie Mae Project Loan Certificates, which have an aggregate balance of approximately $8,721,756 as of the Cut-off Date and 

(ii) 33 fixed rate Ginnie Mae Construction Loan Certificates, which have an aggregate balance of 

approximately $11,278,244 as of the Cut-off Date. 

For the Group 3 and 4 Securities, the Trust Assets consist of Underlying Certificates. The aggregate principal balance of the Group 3 Trust Assets is $14,693,234, the notional balance of the Subgroup 4A Trust 

Asset is $499,680,680, the notional balance of the Subgroup 4B Trust Asset is $348,704,644, the notional 

balance of the Subgroup 4C Trust Asset is $506,574,627, the notional balance of the Subgroup 4D Trust 

Asset is $426,669,389, the notional balance of the Subgroup 4E Trust Asset is $639,652,408, the aggregate 

notional balance of the Subgroup 4F Trust Assets is $566,836,226, the notional balance of the Subgroup 4G 

Trust Asset is $338,080,819, the notional balance of the Subgroup 4H Trust Asset is $393,919,461 and the 

notional balance of the Subgroup 4I Trust Asset is $5,793,881, in each case as of March 2024. Certain information regarding the Underlying Certificates is set forth in Exhibit B to this Supplement. Certain 

information regarding the Ginnie Mae Multifamily Certificates and the related Mortgage Loans underlying 

the Group 3 Underlying Certificates (the “Group 3 Underlying Certificate Trust Assets”), the Subgroup 4A 

Underlying Certificate (the “Subgroup 4A Underlying Certificate Trust Asset”), the Subgroup 4B Underlying Certificate (the “Subgroup 4B Underlying Certificate Trust Asset”), the Subgroup 4C Underlying 

Certificate (the “Subgroup 4C Underlying Certificate Trust Asset”), the Subgroup 4D Underlying Certificate 

(the “Subgroup 4D Underlying Certificate Trust Asset”) , the Subgroup 4E Underlying Certificate (the “Subgroup 4E Underlying Certificate Trust Asset”), the Subgroup 4F Underlying Certificates (the “Subgroup 4F 

S-3 
Underlying Certificate Trust Assets”), the Subgroup 4G Underlying Certificate (the “Subgroup 4G Underlying Certificate Trust Asset”), the Subgroup 4H Underlying Certificate (the “Subgroup 4H Underlying 

Certificate Trust Asset”) and the Subgroup 4I Underlying Certificate (the “Subgroup 4I Underlying Certificate Trust Asset”) is set forth in the respective updated Exhibit A for each of the Underlying Certificates 

(the “Updated Exhibits A”) in Exhibit C to this Supplement. 

Certain Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage

Loans Underlying the Group 1 and 2 Trust Assets(1):

The Ginnie Mae Multifamily Certificates and the related Mortgage Loans underlying the Group 1 and 2 

Trust Assets will have the following characteristics, aggregated on the basis of the applicable FHA insurance program or Section 538 Guarantee Program: 

Weighted
 

Average
 

Total
 

Weighted Weighted Weighted Weighted Remaining

Weighted Average Average Average Average Lockout and

FHA Insurance Average Weighted Original Remaining Period Remaining Prepayment

Program/Section Number Percent Mortgage Average Term to Term to From Lockout Penalty

538 Guarantee Principal of Trust of Total Interest Certificate Maturity(2)(3) Maturity(3) Issuance(2) Period Period

Program Balance Assets Balance Rate Rate (in months) (in months) (in months) (in months) (in months)

Security Group 1

221(d)(4) . . . . . . . . . . $ 54,745,227 48 70.68% 3.813% 3.562% 503 484 19 6 125 

207/223(f) .......... 8,221,484 5 10.61 4.939 4.689 421 410 11 0 111 

232/223(f) .......... 5,940,292 2 7.67 4.970 4.720 420 409 11 0 110 

231 . . . . . . . . . . . . . 4,838,843 4 6.25 3.946 3.696 508 490 18 13 131 

213 . . . . . . . . . . . . . 2,714,060 3 3.50 3.091 2.841 497 474 23 0 115 

232 . . . . . . . . . . . . . 500,000 1 0.65 3.330 3.080 502 480 22 1 121 

241(a) ............ 499,279 1 0.64 3.790 3.540 368 367 1 0 102 

Total/Weighted Average: .. $77,459,184 64 100.00% 4.001% 3.750% 487 469 18 5 122

Security Group 2

221(d)(4) . . . . . . . . . . $ 9,538,684 30 47.69% 3.881% 3.631% 504 484 19 6 125 

232/223(f) .......... 4,364,518 12 21.82 6.078 5.828 420 416 4 0 117 

207/223(f) .......... 3,957,735 5 19.79 5.557 5.307 420 414 6 0 115 

231 . . . . . . . . . . . . . 984,244 2 4.92 4.091 3.841 514 496 18 17 137 

213 . . . . . . . . . . . . . 500,000 1 2.50 3.200 2.950 496 474 22 0 115 

241(a) ............ 229,820 2 1.15 5.211 4.961 384 382 3 7 118 

232/241(a) .......... 200,000 1 1.00 8.000 7.750 375 374 1 17 137 

538 . . . . . . . . . . . . . 125,000 1 0.62 5.840 5.470 479 464 15 8 128 

232 . . . . . . . . . . . . . 100,000 1 0.50 3.330 3.080 502 480 22 1 121 

Total/Weighted Average: .. $20,000,000 55 100.00% 4.751% 4.500% 466 454 13 4 122

(1) As of March 1, 2024 (the “Cut-off Date”); includes Ginnie Mae Multifamily Certificates added to pay 

the Trustee Fee. Some of the columns may not foot due to rounding. 

(2) Based on the issue date of the related Ginnie Mae Multifamily Certificate. 

(3) Based on the assumption that each Ginnie Mae Construction Loan Certificate will convert to a Ginnie 

Mae Project Loan Certificate. 

The information contained in this chart has been collected and summarized by the Sponsor based on

publicly available information, including the disclosure documents for the Ginnie Mae Multifamily Certificates. See “The Trust Assets — The Mortgage Loans” and Exhibit A to this Supplement. See Exhibit C to this

Supplement for certain information regarding the characteristics of the Mortgage Loans underlying the

Underlying Trusts in Security Groups 3 and 4.

Lockout Periods and Prepayment Penalties: For Security Group 1, certain of the Mortgage Loans 

prohibit voluntary prepayments during specified lockout periods with remaining terms that range from 

0 to 20 months. The Group 1 Mortgage Loans have a weighted average remaining lockout period of 

approximately 5 months. For Security Group 2, certain of the Mortgage Loans prohibit voluntary prepayments during specified lockout periods with remaining terms that range from 0 to 20 months. The Group 2 

S-4 
Mortgage Loans have a weighted average remaining lockout period of approximately 4 months. For Security Group 3, certain of the Mortgage Loans prohibit voluntary prepayments during specified lockout 

periods with remaining terms that range from 0 to 24 months. For Security Subgroup 4G, certain of the 

Mortgage Loans prohibit voluntary prepayments during specified lockout periods with remaining terms 

that range from 0 to 4 months. For each of Security Subgroup 4A, 4B, 4C, 4D, 4E, 4F, 4H and 4I, none of 

the related Mortgage Loans have remaining lockout periods. See the Updated Exhibits A in Exhibit C for 

additional information with respect to remaining lockout periods of the Mortgage Loans underlying the 

Group 3 and 4 Underlying Certificate Trust Assets. Certain of the Mortgage Loans are insured under FHA 

insurance program Section 223(f), which, with respect to certain mortgage loans insured thereunder, prohibits prepayments for a period of five (5) years from the date of endorsement, regardless of any 

applicable lockout periods associated with such mortgage loans. The Mortgage Loans provide for payment of Prepayment Penalties during specified periods beginning on the applicable lockout period end 

date or, if no lockout period applies, the applicable Issue Date. In some circumstances FHA may permit an 

FHA-insured Mortgage Loan to be refinanced or prepaid without regard to any lockout, statutory prepayment prohibition or Prepayment Penalty provisions. See “The Trust Assets — Certain Additional

Characteristics of the Mortgage Loans” and “Characteristics of the Ginnie Mae Multifamily Certificates and

the Related Mortgage Loans”, in the case of the Group 1 and 2 Securities, in Exhibit A to this Supplement

and, in the case of the Group 3 and 4 Securities, in the Updated Exhibits A in Exhibit C to this Supplement.

Prepayment Penalties received by the Trust will be allocated as described in this Supplement. 

Issuance of Securities: The Securities, other than the Residual Securities, will initially be issued in 

book-entry form through the book-entry system of the U.S. Federal Reserve Banks (the “Fedwire 

Book-Entry System”). The Residual Securities will be issued in fully registered, certificated form. See

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

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

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

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

Supplement.

Increased Minimum Denomination Classes: Each Class that constitutes an Interest Only Class. See

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

Interest Rates: The Interest Rates for the Fixed Rate Classes are shown on the front cover of this 

Supplement or on Schedule I to this Supplement. 

The Weighted Average Coupon Classes (other than the MX Class) will bear interest during each Accrual 

Period at per annum Interest Rates based on, in the case of Group 1, the Weighted Average Certificate Rate 

of the Group 1 Ginnie Mae Multifamily Certificates (“Group 1 WACR”), in the case of Group 2, the 

Weighted Average Certificate Rate of the Group 2 Ginnie Mae Multifamily Certificates (“Group 2 WACR”) 

or, in the case of Group 3, the weighted average of the interest rates of the Underlying Certificates for 

Group 3, weighted based on the outstanding principal balance of each Underlying Certificate for Group 3 

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

(“Group 3 WACR”) as follows: 

Security Group 1

Class AM will bear interest during each Accrual Period at a per annum rate equal to the lesser of 

3.00000% and Group 1 WACR. 

Class M will bear interest during each Accrual Period at a per annum rate equal to the lesser of 

3.50000% and Group 1 WACR. 

Class IO will bear interest during each Accrual Period at a per annum rate equal to Group 1 WACR 

less the weighted average of the applicable Interest Rates for Classes AM and M for that Accrual 

Period, weighted based on the Class Principal Balance of each such Class for the related Distribution 

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

S-5 
Security Group 2

Class AP will bear interest during each Accrual Period at a per annum rate equal to the lesser of 

3.75000% and Group 2 WACR. 

Class BI will bear interest during each Accrual Period at a per annum rate equal to Group 2 WACR 

less the Interest Rate for Class AP for that Accrual Period. 

Security Group 3

Class LD will bear interest during each Accrual Period at a per annum rate equal to Group 3 WACR. 

Class BA is a Weighted Average Coupon Class that will bear interest during each Accrual Period at an 

equivalent annualized rate derived by aggregating the accrued interest on its related REMIC Classes for 

that Accrual Period expressed as a percentage of its outstanding principal balance for that Accrual Period. 

The Weighted Average Coupon Classes will bear interest during the initial Accrual Period at the following 

approximate Interest Rates: 

Approximate Initial

Class Interest Rate

Security Group 1

AM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.00000%
 

M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.50000
 

IO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.73519
 

Security Group 2

AP. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.75000%
 

BI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.75038
 

BA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.50038
 

Security Group 3

LD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.50000%
 

Allocation of Principal: On each Distribution Date, the following distributions will be made to the 

related Securities: 

Security Group 1

A percentage of the Group 1 Principal Distribution Amount will be applied to the Trustee Fee, and the 

remainder of the Group 1 Principal Distribution Amount (the “Group 1 Adjusted Principal Distribution 

Amount”) will be allocated, sequentially, to AM and M, in that order, until retired 

Security Group 2

The Group 2 Principal Distribution Amount will be allocated to AP, until retired 

Security Group 3

The Group 3 Principal Distribution Amount will be allocated to LD, until retired 

Allocation of Prepayment Penalties: On each Distribution Date, the Trustee will pay 100% of any Prepayment Penalties that are collected and passed through to the Trust as follows: 

• 100% of any Group 1 Prepayment Penalties to Class IO 

• 100% of any Group 2 Prepayment Penalties to Class BI 

S-6 
Notional Classes: The Notional Classes will not receive distributions of principal 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 to that extent with, the 

Class Principal Balances or the outstanding notional balance of the related Trust Asset Subgroup or Subgroups indicated: 

Original Class

Notional

Class Balance Represents Approximately

Security Group 1

IO . . . . . . . . . . . . . . . . . . $ 77,353,184 100% of AM and M (in the aggregate) (SEQ Classes)
 

Security Group 2

BI . . . . . . . . . . . . . . . . . . $ 20,000,000 100% of AP (PT Class)
 

Security Group 4

AI .................. $ 87,943,799 17.6000000000% of the Subgroup 4A Trust Asset 

65,091,533 18.6666666667% of the Subgroup 4B Trust Asset 

101,314,925 20.0000000000% of the Subgroup 4C Trust Asset 

108,089,578 25.3333333333% of the Subgroup 4D Trust Asset 

170,573,975 26.6666666667% of the Subgroup 4E Trust Asset 

158,714,143 28.0000000000% of the Subgroup 4F Trust Assets 

113,595,155 33.6000000000% of the Subgroup 4G Trust Asset 

141,811,005 36.0000000000% of the Subgroup 4H Trust Asset 

9,656,468 166.6666666667% of the Subgroup 4I Trust Asset 

$956,790,581 

IA .................. $ 87,943,799 17.6000000000% of the Subgroup 4A Trust Asset 

IB .................. 65,091,533 18.6666666667% of the Subgroup 4B Trust Asset 

IC .................. 101,314,925 20.0000000000% of the Subgroup 4C Trust Asset 

ID .................. 108,089,578 25.3333333333% of the Subgroup 4D Trust Asset 

IE .................. 170,573,975 26.6666666667% of the Subgroup 4E Trust Asset 

IG .................. 158,714,143 28.0000000000% of the Subgroup 4F Trust Assets 

IH .................. 113,595,155 33.6000000000% of the Subgroup 4G Trust Asset 

IJ . . . . . . . . . . . . . . . . . . . 141,811,005 36.0000000000% of the Subgroup 4H Trust Asset 

IK .................. 9,656,468 166.6666666667% of the Subgroup 4I Trust Asset 

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 and 2 Trust Assets Group 1 and 2 Pooling REMIC and Group 1 and 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 

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 Multifamily Base Offering

Circular.

Regular and Residual Classes: Classes RR, RR3 and RR4 are Residual Classes and represent the 

Residual Interest of the related Trust REMICs as described under “Certain United States Federal Income 

Taxes — Residual Securities” in this Supplement. All other Classes of REMIC Securities are Regular Classes. 

S-7 
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 underlying mortgage loans 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 mortgage 

loans underlying the related trust assets. Any historical data regarding mortgage loan prepayment 

rates may not be indicative of the rate of future 

prepayments on the underlying mortgage loans, 

and no assurances can be given about the rates at 

which the underlying mortgage loans will prepay. 

We expect the rate of principal payments on the 

underlying mortgage loans will vary. Generally, 

following any applicable lockout period, and 

upon payment of any applicable prepayment penalty, borrowers may prepay their mortgage loans 

at any time. However, borrowers cannot prepay 

certain mortgage loans insured under FHA insurance program Section 223(f) for a period of five 

(5) years from the date of endorsement, regardless of any applicable lockout periods associated 

with such mortgage loans. In addition, in the case 

of FHA-insured mortgage loans, borrowers may 

prepay their mortgage loans during a lockout 

period, or during any statutory prepayment prohibition period or without paying any applicable 

prepayment penalty with the approval of FHA. 

Additionally, in the event a borrower makes a voluntary prepayment in respect of a mortgage loan, 

the related Ginnie Mae issuer does not have consent rights, put rights or termination rights related 

to such mortgage loan underlying the related trust 

assets. The decision to make a voluntary prepayment is entirely within the control of the 

borrower. Any voluntary prepayment and any 

subsequent reamortization of the remaining principal balance of a mortgage loan required under 

the terms of the mortgage loan may adversely 

affect the timing of the receipt of principal to 

investors and could reduce the yields on your 

securities. 

In addition to voluntary prepayments, mortgage 

loans can be prepaid as a result of governmental 

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

defaulted mortgage loans. Although under certain 

circumstances Ginnie Mae issuers have the option 

to repurchase defaulted mortgage loans from the 

related pool underlying a Ginnie Mae MBS certificate, they are not obligated to do so. Defaulted 

mortgage loans that remain in pools backing 

Ginnie Mae 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 underlying mortgage loans. Any such event may damage 

the related mortgaged properties that secure the 

mortgage loans 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 mortgage loans in such areas 

resulting in prepayments on the related securities 

due to governmental mortgage insurance claim 

payments, loss mitigation arrangements, repurchases or liquidations of defaulted mortgage 

loans. Insurance payments on damaged or 

destroyed mortgaged properties may also lead to 

prepayments on the underlying mortgage loans. 

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 loans from the related pool 

underlying a Ginnie Mae MBS certificate, even if 

such loans are not delinquent or 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 mortgage loans and 

the resulting effect on the timing or rate of principal payments on your securities. 

The terms of the mortgage loans may be modified, among other things, to permit a partial 

release of the mortgaged property securing the 

related mortgage loan, to permit a pledge of all or 

part of such mortgaged property to secure additional debt of the related borrower, to provide for 

S-8 
a cross default between the mortgage loan and 

such additional debt or to provide for additional 

collateral. Partial releases of security may allow 

the related borrower to sell the released property 

and generate proceeds that may be used to 

prepay the related mortgage loan in whole or in 

part. Such releases also may reduce the value of 

the remaining property. Modifications in connection with additional debt could adversely affect 

the security afforded to the existing mortgage loan 

by the mortgaged property and, even if the additional debt is subordinated to the existing 

mortgage loan, increase the likelihood of default 

on such mortgage loan by the related borrower. 

The amount of additional debt may exceed the 

amount of the existing debt secured by the related 

mortgage loan. Additional debt may include, but is 

not limited to, mortgage loans originated under 

FHA insurance program Section 241. 

Rates of principal payments can reduce

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

• you purchased your securities at a premium 

(interest only securities, for example) and principal payments are faster than you expected, or 

• you purchased 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. 

Under certain circumstances, a Ginnie Mae

issuer has the right to repurchase a

defaulted mortgage loan from the related

pool of mortgage loans underlying a particular Ginnie Mae MBS certificate, the

effect of which would be comparable to a

prepayment of such mortgage loan. At its 

option and without Ginnie Mae’s prior consent, a 

Ginnie Mae issuer may repurchase any mortgage 

loan at an amount equal to par less any amounts 

previously advanced by such issuer in connection 

with its responsibilities as servicer of such mortgage loan to the extent that (i) in the case of a 

mortgage loan included in a pool of mortgage 

loans underlying a Ginnie Mae MBS certificate 

issued on or before December 1, 2002, such mortgage loan has been delinquent for four 

consecutive months, and at least one delinquent 

payment remains uncured or (ii) in the case of a 

mortgage loan included in a pool of mortgage 

loans underlying a Ginnie Mae MBS certificate 

issued on or after January 1, 2003, no payment 

has been made on such mortgage loan for three 

consecutive months. Any such repurchase will 

result in prepayment of the principal balance or 

reduction in the notional balance of the securities 

ultimately backed by such mortgage loan. No 

assurances can be given as to the timing or frequency of any such repurchases. 

An investment in the securities is subject to

significant reinvestment and extension

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. 

Defaults will increase the rate of prepayment. Lending on multifamily properties and 

nursing facilities is generally viewed as exposing 

the lender to a greater risk of loss than 

single-family lending. If a mortgagor defaults on a 

mortgage loan and the loan is subsequently foreclosed upon or assigned to FHA for FHA 

insurance benefits, or Rural Development for Section 538 guarantee benefits, or otherwise 

liquidated, the effect would be comparable to a 

prepayment of the mortgage loan; however, no 

prepayment penalty would be received. Similarly, 

mortgage loans as to which there is a material 

breach of a representation may be purchased out 

of the trust without the payment of a prepayment 

penalty. 

Extensions of the term to maturity of the

Ginnie Mae construction loan certificates

delay the payment of principal to the trust

and will affect the yield to maturity on your

securities. The extension of the term to maturity of any Ginnie Mae construction loan 

certificate will require the related Ginnie Mae 

issuer to obtain the consent of the contracted 

security purchaser, the entity bound under contract with the Ginnie Mae issuer to purchase all 

the Ginnie Mae construction loan certificates 

related to a particular multifamily project. However, each contracted security purchaser, on 

behalf of itself and all future holders of each 

S-9 
Ginnie Mae construction loan certificate to be 

deposited into the trust with respect to which it is 

the contracted security purchaser and all related 

Ginnie Mae construction loan certificates (whether 

or not currently outstanding), has waived the right 

to withhold consent to any requests of the related 

Ginnie Mae issuer to extend the term to maturity 

of those Ginnie Mae construction loan certificates 

(provided that any such extension, when combined with previously granted extensions in 

respect of such Ginnie Mae construction loan certificates, would not extend the term to maturity 

beyond the term of the underlying mortgage loan 

insured by FHA). This waiver effectively permits 

the related Ginnie Mae issuer to extend the maturity of the Ginnie Mae construction loan 

certificates in its sole discretion, subject only to 

the prior written approval of Ginnie Mae. A holder 

of a Ginnie Mae construction loan certificate is 

entitled only to interest at the specified interest 

rate on the outstanding principal balance of the 

Ginnie Mae construction loan certificate until the 

earliest of (1) the liquidation of the mortgage 

loan, (2) at the related Ginnie Mae issuer’s option, 

either (a) the first Ginnie Mae certificate payment 

date of the Ginnie Mae project loan certificate following the conversion of the Ginnie Mae 

construction loan certificate or (b) the date of 

conversion of the Ginnie Mae construction loan 

certificate to a Ginnie Mae project loan certificate, 

and (3) the maturity date (as adjusted for any previously granted extensions) of the Ginnie Mae 

construction loan certificate. Any extension of the 

term to maturity may delay the commencement of 

principal payments to the trust and affect the yield 

on your securities. 

The failure of a Ginnie Mae construction

loan certificate to convert into a Ginnie Mae

project loan certificate prior to its maturity

date (as adjusted for any previously granted

extensions), for any reason, will result in the

full payment of the principal balance of the

Ginnie Mae construction loan certificate on

its maturity date and, accordingly, will

affect the rate of prepayment. The Ginnie 

Mae construction loan certificate may fail to convert if the prerequisites for conversion outlined in 

Chapter 32 of the MBS Guide are not satisfied, 

including, but not limited to, (1) final endorsement by FHA of the underlying mortgage loan, 

(2) completion of the cost certification process, 

and (3) the delivery of supporting documentation 

including, among other things, the note or other 

evidence of indebtedness and assignments 

endorsed to Ginnie Mae. Upon maturity of the 

Ginnie Mae construction loan certificates, absent 

any extensions, the related Ginnie Mae issuer is 

obligated to pay to the holders of the Ginnie Mae 

construction loan certificates the outstanding principal amount. The payment of any Ginnie Mae 

construction loan certificate on the maturity date 

may affect the yield on your securities. 

Any delay in the conversion of a Ginnie Mae

construction loan certificate to a Ginnie

Mae project loan certificate will delay the

payment of principal on your securities. The conversion of a Ginnie Mae 

construction loan certificate to a Ginnie Mae project loan certificate can be delayed for a wide 

variety of reasons, including work stoppages, construction defects, inclement weather, completion 

of or delays in the cost certification process and 

changes in contractors, owners and architects 

related to the multifamily project. During any such 

delay, the trust will not be entitled to any principal payments that may have been made by the 

borrower on the related underlying mortgage 

loan. The distribution of any such principal payments will not occur until the earliest of (1) the 

liquidation of the mortgage loan, (2) at the related 

Ginnie Mae issuer’s option, either (a) the first 

Ginnie Mae certificate payment date of the Ginnie 

Mae project loan certificate following the conversion of the Ginnie Mae construction loan 

certificate or (b) the date of conversion of the 

Ginnie Mae construction loan certificate to a 

Ginnie Mae project loan certificate, and (3) the 

maturity date (as adjusted for any previously 

granted extensions) of the Ginnie Mae construction loan certificate. However, the holders of the 

securities will not receive any such amounts until 

the next distribution date on the securities and 

will not be entitled to receive any interest on such 

amount, and the related WACR will be reduced 

accordingly. 

The yield on securities that would benefit

from a faster than expected payment of principal (such as securities purchased at a

discount) may be adversely affected if the

underlying mortgage loan begins to amortize prior to the conversion of a Ginnie Mae

construction loan certificate to a Ginnie

Mae project loan certificate. As holders of 

Ginnie Mae construction loan certificates are 

entitled only to interest, any scheduled payments 

of principal received with respect to the mortgage 

loans underlying the Ginnie Mae construction 

loan certificate will not be passed through to the 

trust. Any such amounts will be deposited into a 

S-10 
non-interest bearing, custodial account maintained by the related Ginnie Mae issuer and will 

be distributed to the trust (unless otherwise negotiated between the Ginnie Mae issuer and the 

contracted security purchaser) on the earliest of 

(1) the liquidation of the mortgage loan, (2) at the 

related Ginnie Mae issuer’s option, either (a) the 

first Ginnie Mae certificate payment date of the 

Ginnie Mae project loan certificate following the 

conversion of the Ginnie Mae construction loan 

certificate or (b) the date of conversion of the 

Ginnie Mae construction loan certificate to a 

Ginnie Mae project loan certificate, and (3) the 

maturity date (as adjusted for any previously 

granted extensions) of the Ginnie Mae construction loan certificate. However, the holders of the 

securities will not receive any such amounts until 

the next distribution date on the securities and 

will not be entitled to receive any interest on such 

amount, and the related WACR will be reduced 

accordingly. The delay in payment of the scheduled principal may affect, perhaps significantly, 

the yield on those securities that would benefit 

from a higher than anticipated rate of prepayment 

of principal. 

If the amount of the underlying mortgage

loan at final endorsement by FHA is less

than the aggregate principal amount of the

Ginnie Mae construction loan certificates

upon completion of the particular multifamily project, the Ginnie Mae construction loan

certificates must be prepaid in the amount

equal to the difference between the aggregate principal balance of the Ginnie Mae

construction loan certificates and the principal balance of the Ginnie Mae project loan

certificates issued upon conversion. The 

reduction in the underlying mortgage loan 

amount could occur as a result of the cost certification process that takes place prior to the 

conversion to a Ginnie Mae project loan certificate. In such a case, the rate of prepayment on 

your securities may be higher than expected. 

Available information about the mortgage

loans is limited. Generally, neither audited 

financial statements nor recent appraisals are 

available with respect to the mortgage loans, the 

mortgaged properties, or the operating revenues, 

expenses and values of the mortgaged properties. 

Certain default, delinquency and other information relevant to the likelihood of prepayment of 

the multifamily mortgage loans underlying the 

Ginnie Mae multifamily certificates is made generally available to the public and holders of the 

securities should consult such information. The 

scope of such information is limited, however, and 

accordingly, at a time when you might be buying 

or selling your securities, you may not be aware of 

matters that, if known, would affect the value of 

your securities. 

FHA has authority to override lockouts and

prepayment limitations. FHA insurance and 

certain mortgage loan and trust provisions may 

affect lockouts and the right to receive prepayment penalties. FHA may override any lockout, 

statutory prepayment prohibition or prepayment 

penalty provision with respect to the FHA-insured 

mortgage loans consistent with FHA policies and 

procedures. 

With respect to certain mortgage loans

insured under Section 223(f) of the Housing

Act, under certain circumstances FHA lockout and prepayment limitations may be

more stringent than otherwise provided for

in the related note or other evidence of

indebtedness. In addition to FHA’s ability to 

override lockout or prepayment penalty provisions with respect to the FHA-insured mortgage 

loans as described above, investors should note 

that with respect to certain mortgage loans 

insured under Section 223(f) of the Housing Act, 

Section 223(f) provides, in relevant part, that the 

related note or other evidence of indebtedness 

cannot be prepaid for a period of five (5) years 

from the date of endorsement, unless prior written approval from FHA is obtained. In many 

instances with respect to such mortgage loans 

insured under Section 223(f), the related lender 

may have provided for a lockout period lasting for 

a term shorter than five (5) years. Therefore, 

investors should consider that any prepayment 

provisions following a lockout period that is 

shorter than five (5) years may not be effective if 

FHA approval is not obtained. 

Holders entitled to prepayment penalties

may not receive them. Prepayment penalties 

received by the trustee in respect of group 1 will 

be distributed to Class IO and in respect of 

group 2 will be distributed to Class BI as further 

described in this Supplement. Ginnie Mae, however, does not guarantee that mortgagors will in 

fact pay any prepayment penalties or that such 

prepayment penalties will be received by the 

trustee. Accordingly, holders of the classes entitled 

to receive prepayment penalties will receive them 

only to the extent that the trustee receives them. 

Moreover, even if the trustee distributes prepayment penalties to the holders of those classes, the 

S-11 
additional amounts may not offset the reduction 

in yield caused by the corresponding prepayments. 

The rate of payments on the underlying certificates will directly affect the rate of

payments on the group 3 and 4 securities. The underlying certificates will be sensitive 

in varying degrees to: 

• the rate of payments of principal (including prepayments) of the related mortgage loans, and 

• the priorities for the distribution of principal 

among the classes of the related underlying 

trust. 

As described in the related underlying certificate 

disclosure documents, the underlying certificates 

included in trust asset group 3 are not entitled to 

distributions of principal until certain classes of 

the related underlying series have been retired 

and, accordingly, distributions of principal of the 

related mortgage loans for extended periods may 

be applied to the distribution of principal of those 

classes of certificates having priority over the 

underlying certificates. Accordingly, these underlying certificates may receive no principal 

distributions for extended periods of time. 

Prepayments on the related mortgage loans may 

have occurred at rates faster or slower than those 

initially assumed. This supplement contains no 

information as to whether the underlying certificates have performed as originally anticipated. 

The Updated Exhibits A in Exhibit C, however, 

contain certain information regarding the related 

mortgage loans as of the cut-off date. Additional 

information as to the underlying certificates may 

be obtained by performing an analysis of current 

principal factors of the underlying certificates in 

light of applicable information contained in the 

related underlying certificate disclosure documents. 

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

group 3 and 4 securities, and, in particular, the 

interest only and residual classes, are not suitable 

investments for all investors. Only “accredited 

investors,” as defined in Rule 501(a) of Regulation D of the Securities Act of 1933, who have 

substantial experience in mortgage-backed securities and are capable of understanding the risks 

should invest in the securities. 

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 Multifamily 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 prepayment rates of the underlying mortgage loans will affect the weighted

average lives and yields of your securities. The yield and decrement tables in this 

supplement are based on assumed prepayment 

rates. It is highly unlikely that the underlying 

mortgage loans will prepay at any of the prepayment rates assumed in this supplement, or at any 

constant prepayment rate. As a result, the yields 

on your securities could be lower than you 

expected. 

S-12 
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 of the Trust Assets will evidence, directly or indirectly, Ginnie Mae Multifamily Certificates. 

The Ginnie Mae Multifamily Certificates (Groups 1 and 2)

The Ginnie Mae Multifamily Certificates are guaranteed by Ginnie Mae pursuant to its Ginnie Mae I 

Program. Each Mortgage Loan underlying a Ginnie Mae Multifamily Certificate bears interest at a Mortgage Rate that is greater than the related Certificate Rate. 

For each Mortgage Loan underlying a Ginnie Mae Multifamily Certificate, the difference between 

(a) the Mortgage Rate and (b) the related Certificate Rate is used to pay the servicer of the Mortgage Loan 

a monthly fee for servicing the Mortgage Loan and to pay Ginnie Mae a fee for its guarantee of the related 

Ginnie Mae Multifamily Certificate (together, the “Servicing and Guaranty Fee Rate”). The per annum rate 

used to calculate these fees for the Mortgage Loans in the Trust is shown on Exhibit A to this Supplement. 

The Ginnie Mae Multifamily Certificates included in the Trust consist of (i) Ginnie Mae Construction 

Loan Certificates issued during the construction phase of a multifamily project, which are redeemable for 

Ginnie Mae Project Loan Certificates (the “Group 1 and 2 Trust CLCs”) and (ii) Ginnie Mae Project Loan 

Certificates deposited into the Trust on the Closing Date or issued upon conversion of a Trust CLC (the 

“Group 1 and 2 Trust PLCs”). 

The Underlying Certificates (Groups 3 and 4)

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

interests in one or more separate trusts, the assets of which evidence direct or indirect beneficial ownership interests in certain Ginnie Mae Multifamily 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 the Information 

Agent as described under “Available Information” in this Supplement or on ginniemae.gov. 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 the 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. See “Underlying Certificates” in the Multifamily Base Offering Circular.

Each Underlying Certificate provides for monthly distributions, including any prepayments and other 

unscheduled recoveries on the Mortgage Loans underlying such Underlying Certificate, and is further 

described in the table contained in Exhibit B to this Supplement. 

The Ginnie Mae Multifamily Certificates underlying the Underlying Certificates consist of (i) Ginnie 

Mae Construction Loan Certificates issued during the construction phase of a multifamily project, which 

are redeemable for Ginnie Mae Project Loan Certificates (the “Group 3 Trust CLCs”, the “Subgroup 4A Trust 

CLCs”, the “Subgroup 4B Trust CLCs”, the “Subgroup 4C Trust CLCs”, the “Subgroup 4D Trust CLCs”, the 

“Subgroup 4E Trust CLCs”, the “Subgroup 4F Trust CLCs”, the “Subgroup 4G Trust CLCs”, the “Subgroup 4H 

Trust CLCs” and the “Subgroup 4I Trust CLCs” and, collectively with the Group 1 and 2 Trust CLCs, the 

“Trust CLCs”) and (ii) Ginnie Mae Project Loan Certificates deposited into the related Underlying Trust on 

the related underlying Closing Date or issued upon conversion of a Group 3 or 4 Trust CLC (the “Group 3 

Trust PLCs”, the “Subgroup 4A Trust PLCs”, the “Subgroup 4B Trust PLCs”, the “Subgroup 4C Trust PLCs”, 

the “Subgroup 4D Trust PLCs”, the “Subgroup 4E Trust PLCs”, the “Subgroup 4F Trust PLCs”, the “Subgroup 4G Trust PLCs”, the “Subgroup 4H Trust PLCs” and the “Subgroup 4I Trust PLCs” and, collectively, 

with the Group 1 and 2 Trust PLCs, the “Trust PLCs”). 

S-13 
The Trust CLCs

Each Trust CLC is based on and backed by a single Mortgage Loan secured by a multifamily project 

under construction and insured by FHA pursuant to an FHA Insurance Program or by Rural Development 

pursuant to the Section 538 Guaranteed Rural Rental Housing Program (“Section 538 Guarantee Program”) 

described under “THE GINNIE MAE MULTIFAMILY CERTIFICATES — FHA Insurance Programs” 

and “— Section 538 Guarantee Program” in the Multifamily Base Offering Circular. Ginnie Mae Construction Loan Certificates are generally issued monthly by the related Ginnie Mae Issuer as construction 

progresses on the related multifamily project and as advances are insured by FHA. Prior to the issuance of 

Ginnie Mae Construction Loan Certificates, the Ginnie Mae Issuer must provide Ginnie Mae with supporting documentation regarding advances and disbursements on the Mortgage Loan and must satisfy the 

prerequisites for issuance as described in Chapter 32 of the MBS Guide. Each Ginnie Mae Construction 

Loan Certificate may be redeemed for a pro rata share of a Ginnie Mae Project Loan Certificate that bears 

the same interest rate as the Ginnie Mae Construction Loan Certificate. 

The original maturity of a Ginnie Mae Construction Loan Certificate is at least 200% of the construction period anticipated by FHA for the multifamily project. The stated maturity of the Ginnie Mae 

Construction Loan Certificates may be extended after issuance at the request of the related Ginnie Mae 

Issuer with the prior written approval of Ginnie Mae. Prior to approving any extension request, Ginnie 

Mae requires that the Contracted Security Purchaser, the entity bound under contract with the related 

Ginnie Mae Issuer to purchase all of the Ginnie Mae Construction Loan Certificates related to a particular 

multifamily project, consent to the extension of the term to maturity. Each Contracted Security Purchaser of 

the Trust CLCs and of any previously issued or hereafter existing Ginnie Mae Construction Loan Certificates relating to the Trust CLCs identified in Exhibit A or Exhibit C to this Supplement (the ‘‘Related CLCs’’), 

has waived its right and the right of all future holders of the Related CLCs, including the Trustee or the 

related Trustee for the related Underlying Trust, as the assignee of the Sponsor’s or the related Underlying 

Trust Sponsor’s rights in the Trust CLCs, to withhold consent to any extension requests with respect to 

Trust CLCs or Related CLCs for which it is the Contracted Security Purchaser, provided that the length of 

the extension does not, in combination with any previously granted extensions related thereto, exceed the 

term of the underlying Mortgage Loan insured by FHA. The waiver effected by each Contracted Security 

Purchaser will effectively permit the related Ginnie Mae Issuer to extend the maturity of the Ginnie Mae 

CLCs in its sole discretion, subject only to the prior written approval of Ginnie Mae. 

Each Trust CLC will provide for the payment to the Trust or to the related Underlying Trust, as applicable, of monthly payments of interest equal to a pro rata share of the interest payments on the underlying 

Mortgage Loan, less applicable servicing and guaranty fees. The Trust or the related Underlying Trust, as 

applicable, will not be entitled to receive any payments of principal collected on the related Mortgage 

Loan as long as the Trust CLC is outstanding. During such period any prepayments and other recoveries of 

principal (other than proceeds from the liquidation of the Mortgage Loan) or any Prepayment Penalties on 

the underlying Mortgage Loan received by the Ginnie Mae Issuer will be deposited into a non-interest 

bearing escrow account (the “P&I Custodial Account”). Any such amounts will be held for distribution to 

the Trust or to the related Underlying Trust, as applicable, (unless otherwise negotiated between the 

Ginnie Mae Issuer and the Contracted Security Purchaser) on the earliest of (i) the liquidation of the Mortgage Loan, (ii) at the related Ginnie Mae Issuer’s option, either (a) the first Ginnie Mae Certificate Payment 

Date of the Ginnie Mae Project Loan Certificate following the conversion of the Ginnie Mae Construction 

Loan Certificate or (b) the date of conversion of the Ginnie Mae Construction Loan Certificate to a Ginnie 

Mae Project Loan Certificate, and (iii) the applicable Maturity Date. However, the Holders of the Securities 

or the related Underlying Trust, as applicable, will not receive any such amounts until the next Distribution Date and will not be entitled to receive any interest on such amounts, and the related WACR will be 

reduced accordingly. 

At any time following the final endorsement of the underlying Mortgage Loan by FHA, prior to the 

Maturity Date and upon satisfaction of the prerequisites for conversion outlined in Chapter 32 of the MBS 

Guide, Ginnie Mae Construction Loan Certificates will be redeemed for Ginnie Mae Project Loan Certificates. The Ginnie Mae Project Loan Certificates will be issued at the identical interest rate as the Ginnie 

Mae Construction Loan Certificates. The aggregate principal amount of the Ginnie Mae Project Loan Certificates may be less than or equal to the aggregate amount of advances that has been disbursed and 

S-14 
insured on the Mortgage Loan underlying the related Ginnie Mae Construction Loan Certificates. Any difference between the principal balance of the Ginnie Mae Construction Loan Certificates and the principal 

balance of the Ginnie Mae Project Loan Certificates issued at conversion will be disbursed to the holders 

of the Ginnie Mae Construction Loan Certificates as principal upon conversion. 

The Trust PLCs

Each Trust PLC will be based on and backed by one or more multifamily Mortgage Loans with an 

original term to maturity of generally no more than 40 years. 

Each Trust PLC will provide for the payment to the registered holder of that Trust PLC of monthly 

payments of principal and interest equal to the aggregate amount of the scheduled monthly principal and 

interest payments on the Mortgage Loans underlying that Trust PLC, less applicable servicing and guaranty fees. In addition, each such payment will include any prepayments and other unscheduled recoveries 

of principal of, and any Prepayment Penalties on, the underlying Mortgage Loans to the extent received by 

the Ginnie Mae Issuer during the month preceding the month of the payment. 

The Mortgage Loans

Each Ginnie Mae Multifamily Certificate represents a beneficial interest in one or more Mortgage 

Loans. 

Sixty-four (64) Mortgage Loans will underlie the Group 1 Ginnie Mae Multifamily Certificates, which 

as of the Cut-off Date, consist of fifteen (15) Mortgage Loans that underlie the Group 1 Trust PLCs (the 

“Group 1 Trust PLC Mortgage Loans”) and forty-nine (49) Mortgage Loans that underlie the Group 1 Trust 

CLCs (the “Group 1 Trust CLC Mortgage Loans”). Fifty-five (55) Mortgage Loans underlie the Group 2 

Ginnie Mae Multifamily Certificates, which, as of the Cut-off Date, consist of twenty-two (22) Mortgage 

Loans that underlie the Group 2 Trust PLCs (the “Group 2 Trust PLC Mortgage Loans”) and thirty-three (33) 

Mortgage Loans that underlie the Group 2 Trust CLCs (the “Group 2 Trust CLC Mortgage Loans”). One 

hundred sixty-six (166) Mortgage Loans underlie the Group 3 Underlying Certificate Trust Assets, which as 

of the Cut-off Date, consist of eighty-five (85) Mortgage Loans that underlie the Group 3 Trust PLCs (the 

“Group 3 Trust PLC Mortgage Loans”) and eighty-one (81) Mortgage Loans that underlie the Group 3 Trust 

CLCs (the “Group 3 Trust CLC Mortgage Loans”). Seventy-four (74) Mortgage Loans underlie the Subgroup 

4A Underlying Certificate Trust Asset, which as of the Cut-off Date, consist of sixty-nine (69) Mortgage 

Loans that underlie the Subgroup 4A Trust PLCs (the “Subgroup 4A Trust PLC Mortgage Loans”) and five 

(5) Mortgage Loans that underlie the Subgroup 4A Trust CLCs (the “Subgroup 4A Trust CLC Mortgage 

Loans”). Seventy-two (72) Mortgage Loans underlie the Subgroup 4B Underlying Certificate Trust Asset, 

which as of the Cut-off Date, consist of sixty-nine (69) Mortgage Loans that underlie the Subgroup 4B 

Trust PLCs (the “Subgroup 4B Trust PLC Mortgage Loans”) and three (3) Mortgage Loans that underlie the 

Subgroup 4B Trust CLCs (the “Subgroup 4B Trust CLC Mortgage Loans”). Seventy-one (71) Mortgage Loans 

underlie the Subgroup 4C Underlying Certificate Trust Asset, which as of the Cut-off Date, consist of 

sixty-nine (69) Mortgage Loans that underlie the Subgroup 4C Trust PLCs (the “Subgroup 4C Trust PLC 

Mortgage Loans”) and two (2) Mortgage Loans that underlie the Subgroup 4C Trust CLCs (the “Subgroup 

4C Trust CLC Mortgage Loans”). Seventy-seven (77) Mortgage Loans underlie the Subgroup 4D Underlying Certificate Trust Asset, which as of the Cut-off Date, consist of seventy-two (72) Mortgage Loans that 

underlie the Subgroup 4D Trust PLCs (the “Subgroup 4D Trust PLC Mortgage Loans”) and five (5) Mortgage Loans that underlie the Subgroup 4D Trust CLCs (the “Subgroup 4D Trust CLC Mortgage Loans”). 

Eighty (80) Mortgage Loans underlie the Subgroup 4E Underlying Certificate Trust Asset, which as of the 

Cut-off Date, consist of seventy-eight (78) Mortgage Loans that underlie the Subgroup 4E Trust PLCs (the 

“Subgroup 4E Trust PLC Mortgage Loans”) and two (2) Mortgage Loans that underlie the Subgroup 4E 

Trust CLCs (the “Subgroup 4E Trust CLC Mortgage Loans”). One hundred eight (108) Mortgage Loans 

underlie the Subgroup 4F Underlying Certificate Trust Assets, which as of the Cut-off Date, consist of one 

hundred four (104) Mortgage Loans that underlie the Subgroup 4F Trust PLCs (the “Subgroup 4F Trust PLC 

Mortgage Loans”) and four (4) Mortgage Loans that underlie the Subgroup 4F Trust CLCs (the “Subgroup 

4F Trust CLC Mortgage Loans”). Seventy-six (76) Mortgage Loans underlie the Subgroup 4G Underlying 

Certificate Trust Asset, which as of the Cut-off Date, consist of sixty-nine (69) Mortgage Loans that underlie the Subgroup 4G Trust PLCs (the “Subgroup 4G Trust PLC Mortgage Loans”) and seven (7) Mortgage 

S-15 
Loans that underlie the Subgroup 4G Trust CLCs (the “Subgroup 4G Trust CLC Mortgage Loans”). 

Ninety-one (91) Mortgage Loans underlie the Subgroup 4H Underlying Certificate Trust Asset, which as of 

the Cut-off Date, consist of eighty-four (84) Mortgage Loans that underlie the Subgroup 4H Trust PLCs (the 

“Subgroup 4H Trust PLC Mortgage Loans”) and seven (7) Mortgage Loans that underlie the Subgroup 4H 

Trust CLCs (the “Subgroup 4H Trust CLC Mortgage Loans”). Seventy-one (71) Mortgage Loans underlie the 

Subgroup 4I Underlying Certificate Trust Asset, which as of the Cut-off Date, consist of fifty-seven (57) 

Mortgage Loans that underlie the Subgroup 4I Trust PLCs (the “Subgroup 4I Trust PLC Mortgage Loans” 

and, collectively with the Group 1 Trust PLC Mortgage Loans, the Group 2 Trust PLC Mortgage Loans, the 

Group 3 Trust PLC Mortgage Loans, the Subgroup 4A Trust PLC Mortgage Loans, the Subgroup 4B Trust 

PLC Mortgage Loans, the Subgroup 4C Trust PLC Mortgage Loans, the Subgroup 4D Trust PLC Mortgage 

Loans, the Subgroup 4E Trust PLC Mortgage Loans, the Subgroup 4F Trust PLC Mortgage Loans, the Subgroup 4G Trust PLC Mortgage Loans and the Subgroup 4H Trust PLC Mortgage Loans, the “Trust PLC 

Mortgage Loans”) and fourteen (14) Mortgage Loans that underlie the Subgroup 4I Trust CLCs (the “Subgroup 4I Trust CLC Mortgage Loans” and, collectively with the Group 1 Trust CLC Mortgage Loans, the 

Group 2 Trust CLC Mortgage Loans, the Group 3 Trust CLC Mortgage Loans, the Subgroup 4A Trust CLC 

Mortgage Loans, the Subgroup 4B Trust CLC Mortgage Loans, the Subgroup 4C Trust CLC Mortgage Loans, 

the Subgroup 4D Trust CLC Mortgage Loans, the Subgroup 4E Trust CLC Mortgage Loans, the Subgroup 4F 

Trust CLC Mortgage Loans, the Subgroup 4G Trust CLC Mortgage Loans and the Subgroup 4H Trust CLC 

Mortgage Loans, the “Trust CLC Mortgage Loans”). 

The Group 1 Trust PLC Mortgage Loans have an aggregate balance of approximately $18,708,454 as of 

the Cut-off Date, after giving effect to all payments of principal due on or before that date, and the Group 

1 Trust CLC Mortgage Loans have an aggregate balance of approximately $58,750,730 as of the Cut-off 

Date, after giving effect to all payments of principal due on or before that date. 

The Group 2 Trust PLC Mortgage Loans have an aggregate balance of approximately $8,721,756 as of 

the Cut-off Date, after giving effect to all payments of principal due on or before that date, and the 

Group 2 Trust CLC Mortgage Loans have an aggregate balance of approximately $11,278,244 as of the 

Cut-off Date, after giving effect to all payments of principal due on or before that date. 

The Group 3 Trust PLC Mortgage Loans have an aggregate balance of approximately $226,978,617 as 

of the Cut-off Date, after giving effect to all payments of principal due on or before that date, and the 

Group 3 Trust CLC Mortgage Loans have an aggregate balance of approximately $334,875,566 as of the 

Cut-off Date, after giving effect to all payments of principal due on or before that date. 

The Subgroup 4A Trust PLC Mortgage Loans have an aggregate balance of approximately 

$491,429,033 as of the Cut-off Date, after giving effect to all payments of principal due on or before that 

date, and the Subgroup 4A Trust CLC Mortgage Loans have an aggregate balance of approximately 

$8,298,871 as of the Cut-off Date, after giving effect to all payments of principal due on or before that date. 

The Subgroup 4B Trust PLC Mortgage Loans have an aggregate balance of approximately $376,465,733 as 

of the Cut-off Date, after giving effect to all payments of principal due on or before that date, and the Subgroup 4B Trust CLC Mortgage Loans have an aggregate balance of approximately $3,641,423 as of the 

Cut-off Date, after giving effect to all payments of principal due on or before that date. The Subgroup 4C 

Trust PLC Mortgage Loans have an aggregate balance of approximately $545,157,239 as of the Cut-off 

Date, after giving effect to all payments of principal due on or before that date, and the Subgroup 4C Trust 

CLC Mortgage Loans have an aggregate balance of approximately $2,058,150 as of the Cut-off Date, after 

giving effect to all payments of principal due on or before that date. The Subgroup 4D Trust PLC Mortgage Loans have an aggregate balance of approximately $421,217,560 as of the Cut-off Date, after giving 

effect to all payments of principal due on or before that date, and the Subgroup 4D Trust CLC Mortgage 

Loans have an aggregate balance of approximately $5,496,118 as of the Cut-off Date, after giving effect to 

all payments of principal due on or before that date. The Subgroup 4E Trust PLC Mortgage Loans have an 

aggregate balance of approximately $698,013,268 as of the Cut-off Date, after giving effect to all payments 

of principal due on or before that date, and the Subgroup 4E Trust CLC Mortgage Loans have an aggregate balance of approximately $5,526,339 as of the Cut-off Date, after giving effect to all payments of 

principal due on or before that date. The Subgroup 4F Trust PLC Mortgage Loans have an aggregate balance of approximately $776,838,506 as of the Cut-off Date, after giving effect to all payments of principal 

due on or before that date, and the Subgroup 4F Trust CLC Mortgage Loans have an aggregate balance of 

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approximately $10,642,841 as of the Cut-off Date, after giving effect to all payments of principal due on or 

before that date. The Subgroup 4G Trust PLC Mortgage Loans have an aggregate balance of approximately $333,508,072 as of the Cut-off Date, after giving effect to all payments of principal due on or before 

that date, and the Subgroup 4G Trust CLC Mortgage Loans have an aggregate balance of approximately 

$4,618,838 as of the Cut-off Date, after giving effect to all payments of principal due on or before that date. 

The Subgroup 4H Trust PLC Mortgage Loans have an aggregate balance of approximately $401,808,091 as 

of the Cut-off Date, after giving effect to all payments of principal due on or before that date, and the Subgroup 4H Trust CLC Mortgage Loans have an aggregate balance of approximately $6,485,198 as of the 

Cut-off Date, after giving effect to all payments of principal due on or before that date. The Subgroup 4I 

Trust PLC Mortgage Loans have an aggregate balance of approximately $186,549,831 as of the Cut-off 

Date, after giving effect to all payments of principal due on or before that date, and the Subgroup 4I Trust 

CLC Mortgage Loans have an aggregate balance of approximately $15,352,277 as of the Cut-off Date, after 

giving effect to all payments of principal due on or before that date. 

The Mortgage Loans underlying the Group 1 and 2 Trust Assets have, on a weighted average basis, 

the other characteristics set forth in the Terms Sheet under “Certain Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans Underlying the Group 1 and 2 Trust Assets” and, on 

an individual basis, the characteristics described in Exhibit A to this Supplement. The Mortgage Loans 

underlying the Group 3 and 4 Underlying Certificate Trust Assets have, on an individual basis, the characteristics described in the Updated Exhibits A in Exhibit C of this Supplement. They also have the general 

characteristics described below. The Mortgage Loans consist of first lien and second lien, multifamily, fixed 

rate mortgage loans that are secured by a lien on the borrower’s fee simple estate in a multifamily property consisting of five or more dwelling units or nursing facilities and guaranteed by Section 538 or insured 

by FHA or coinsured by FHA and the related mortgage lender. See “The Ginnie Mae Multifamily Certificates — General” in the Multifamily Base Offering Circular. 

FHA Insurance Programs and Section 538 Guarantee Program

FHA multifamily insurance programs generally are designed to assist private and public mortgagors in 

obtaining financing for the construction, purchase or rehabilitation of multifamily housing pursuant to the 

National Housing Act of 1934 (the “Housing Act”). Mortgage Loans are provided by FHA-approved institutions, which include mortgage banks, commercial banks, savings and loan associations, trust companies, 

insurance companies, pension funds, state and local housing finance agencies and certain other approved 

entities. Mortgage Loans insured under the programs described below will have such maturities and amortization features as FHA may approve, provided that generally the minimum mortgage loan term will be at 

least ten years and the maximum mortgage loan term will not exceed the lesser of 40 years and 75 percent of the estimated remaining economic life of the improvements on the mortgaged property. Tenant 

eligibility for FHA-insured projects generally is not restricted by income, except for projects as to which 

rental subsidies are made available with respect to some or all the units therein or to specified tenants. 

For a summary of the various FHA insurance programs and the Section 538 Guarantee Program under 

which the Mortgage Loans underlying the Group 1 and 2 Ginnie Mae Multifamily Certificates are insured 

see “THE GINNIE MAE MULTIFAMILY CERTIFICATES — FHA Insurance Programs” and “— Section 538 

Guarantee Program” in the Multifamily Base Offering Circular. To the extent a Mortgage Loan underlying 

the Group 1 and 2 Ginnie Mae Multifamily Certificates is insured under multiple FHA insurance programs, you should read each applicable FHA insurance program description. 

Certain Additional Characteristics of the Mortgage Loans

Mortgage Rates; Calculations of Interest. The Mortgage Loans bear interest at Mortgage Rates that 

will remain fixed for their remaining terms. All of the Mortgage Loans accrue interest on the basis of a 

360-day year consisting of twelve 30-day months. See “Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans”, in the case of the Group 1 and 2 Securities, in Exhibit A to this

Supplement and, in the case of the Group 3 and 4 Securities, in the Updated Exhibits A in Exhibit C to this

Supplement.

Due Dates. Monthly payments on the Mortgage Loans are due on the first day of each month. 

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Amortization. The Trust PLC Mortgage Loans are generally fully-amortizing over their remaining 

terms to stated maturity. However, certain of the Trust PLC Mortgage Loans amortize based on their 

contractual payments to stated maturity, at which time the unpaid principal balance plus accrued interest 

thereon is due. 

Fourteen (14) of the Group 1 Trust CLC Mortgage Loans, six (6) of the Group 2 Trust CLC Mortgage 

Loans, twenty-four (24) of the Group 3 Trust CLC Mortgage Loans, five (5) of the Subgroup 4A Trust CLC 

Mortgage Loans, three (3) of the Subgroup 4B Trust CLC Mortgage Loans, two (2) of the Subgroup 4C 

Trust CLC Mortgage Loans, five (5) of the Subgroup 4D Trust CLC Mortgage Loans, two (2) of the Subgroup 4E Trust CLC Mortgage Loans, four (4) of the Subgroup 4F Trust CLC Mortgage Loans, six (6) of the 

Subgroup 4G Trust CLC Mortgage Loans, seven (7) of the Subgroup 4H Trust CLC Mortgage Loans and 

thirteen (13) of the Subgroup 4I Trust CLC Mortgage Loans have begun to amortize as of the Cut-off Date. 

It is expected that five (5) of the Group 1 Trust CLC Mortgage Loans, three (3) of the Group 2 Trust CLC 

Mortgage Loans, eight (8) of the Group 3 Trust CLC Mortgage Loans and none of the Subgroup 4A through 

Subgroup 4I Trust CLC Mortgage Loans will begin to amortize beginning in April 2024. However, regardless of the scheduled amortization of Trust CLC Mortgage Loans, the Trust or the related Underlying Trust, 

as applicable, will not be entitled to receive any principal payments with respect to any Trust CLC Mortgage Loans until the earliest of (i) the liquidation of the Mortgage Loan, (ii) at the related Ginnie Mae 

Issuer’s option, either (a) the first Ginnie Mae Certificate Payment Date of the Ginnie Mae Project Loan 

Certificate following the conversion of the Ginnie Mae Construction Loan Certificate or (b) the date of conversion of the Ginnie Mae Construction Loan Certificate to a Ginnie Mae Project Loan Certificate, and (iii) 

the applicable Maturity Date. The Ginnie Mae Issuer will deposit any principal payments that it receives in 

connection with any Trust CLC into the related P&I Custodial Account. The Trust or the related Underlying Trust, as applicable, will not be entitled to recover any interest thereon. 

Certain of the Mortgage Loans may provide that, if the related borrower makes a partial principal prepayment, such borrower will not be in default if it fails to make any subsequent scheduled payment of 

principal provided that such borrower continues to pay interest in a timely manner and the unpaid principal balance of such Mortgage Loan at the time of such failure is at or below what it would otherwise be in 

accordance with its amortization schedule if such partial principal prepayment had not been made. Under 

certain circumstances, the Mortgage Loans also permit the reamortization thereof if prepayments are 

received as a result of condemnation or insurance payments with respect to the related Mortgaged Property. Certain Mortgage Loans may require reamortization thereof in connection with certain voluntary 

prepayments. 

Level Payments. For Security Groups 1 and 2, although the Mortgage Loans (other than the Mortgage Loan designated by Pool Number CJ2561) currently have amortization schedules that provide for 

level monthly payments (or, in the case of Pool Number CP0900, amortization schedules that provide for 

level payments until maturity and then a final balloon payment at maturity, as described in Exhibit A to this 

Supplement), the amortization schedules of substantially all of the FHA-insured Mortgage Loans are subject to change upon the approval of FHA that may result in non-level payments. See Exhibit C to this

Supplement for certain information regarding the characteristics of the Mortgage Loans underlying the

Underlying Trusts in Security Groups 3 and 4.

In the case of the portion of Pool Number CJ2561 underlying Security Group 1, the principal and 

interest payment scheduled to be made on the first business day of each month is as follows: 

From April 2024 through, and including, September 2038 ...... $3,100.54 

From October 2038 through, and including, August 2063 ...... $2,691.61 

In September 2063 ................................. The remaining balance of all unpaid 

principal plus accrued interest thereon. 

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In the case of the portion of Pool Number CJ2561 underlying Security Group 2, the principal and 

interest payment scheduled to be made on the first business day of each month is as follows: 

From April 2024 through, and including, September 2038 ..... $693.06 

From October 2038 through, and including, August 2063 ...... $601.65 

In September 2063 ................................. The remaining balance of all unpaid 

principal plus accrued interest thereon. 

Furthermore, in the absence of a change in the amortization schedule of the Mortgage Loans, Mortgage Loans that provide for level monthly payments may still receive non-level payments as a result of the 

fact that, at any time: 

• FHA may permit any FHA-insured Mortgage Loan to be refinanced or prepaid, in whole or in part, 

without regard to any lockout period, statutory prepayment prohibition period or Prepayment Penalty; and 

• condemnation of, or occurrence of a casualty loss on, the Mortgaged Property securing any Mortgage Loan or the acceleration of payments due under any Mortgage Loan by reason of a default 

may result in prepayment. 

“Due-on-Sale” Provisions. The Mortgage Loans do not contain “due-on-sale” clauses restricting sale 

or other transfer of the related Mortgaged Property. Any transfer of the Mortgaged Property is subject to 

HUD review and approval under the terms of HUD’s Regulatory Agreement with the owner, which is 

incorporated by reference into the mortgage. 

Prepayment Restrictions. Certain of the Mortgage Loans have lockout provisions that prohibit voluntary prepayments for a number of years following origination. These Mortgage Loans underlying the 

Group 1 Trust Assets have remaining lockout terms that range from 0 to 20 months. The Mortgage Loans 

underlying the Group 1 Trust Assets have a weighted average remaining lockout term of approximately 

5 months. Certain of the Mortgage Loans underlying the Group 2 Trust Assets have remaining lockout 

terms that range from 0 to 20 months. The Mortgage Loans underlying the Group 2 Trust Assets have a 

weighted average remaining lockout term of approximately 4 months. Certain of the Mortgage Loans are 

insured under FHA insurance program Section 223(f) which, with respect to certain mortgage loans 

insured thereunder, prohibits prepayments for a period of five (5) years from the date of endorsement, 

regardless of any applicable lockout periods associated with such mortgage loans. Certain of the Mortgage Loans underlying the Group 3 Underlying Certificate Trust Assets have remaining lockout terms that 

range from 0 to 24 months. Certain of the Mortgage Loans underlying the Subgroup 4G Underlying Certificate Trust Assets have remaining lockout terms that range from 0 to 4 months. None of the Mortgage 

Loans underlying the Subgroup 4A, 4B, 4C, 4D, 4E, 4F, 4H or 4I Underlying Certificate Trust Assets have 

remaining lockout periods. See the Updated Exhibits A in Exhibit C for additional information with respect 

to remaining lockout periods of the Mortgage Loans underlying the Group 3 and 4 Underlying Certificate 

Trust Assets. The enforceability of these lockout provisions under certain state laws is unclear. 

The Mortgage Loans have a period (a “Prepayment Penalty Period”) during which voluntary prepayments must be accompanied by a prepayment penalty equal to a specified percentage of the principal 

amount of the Mortgage Loan being prepaid (each, a “Prepayment Penalty”). Each Prepayment Penalty 

Period will follow the termination of the applicable lockout period or, if no lockout period applies, the 

applicable Issue Date. See “Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans”, in the case of the Group 1 and 2 Securities, in Exhibit A to this Supplement and, in the case of

the Group 3 and 4 Securities, in the Updated Exhibits A in Exhibit C to this Supplement.

In the case of the Group 1 and 2 Securities, Exhibit A and, in the case of the Group 3 and 4 Securities, the Updated Exhibits A in Exhibit C to this Supplement set forth, for each Mortgage Loan, as 

applicable, a description of the related Prepayment Penalty, the period during which the Prepayment Penalty applies and the first month in which the borrower may prepay the Mortgage Loan. 

Notwithstanding the foregoing, FHA guidelines require all of the FHA-insured Mortgage Loans to 

include a provision that allows FHA to override any lockout and/or Prepayment Penalty provisions in 

accordance with FHA policies and procedures. Additionally, FHA may permit an FHA-insured Mortgage 

Loan to be prepaid in whole or in part without regard to any statutory or contractual prepayment prohibition period in accordance with FHA policies and procedures. 

S-19 
Notwithstanding the foregoing, the Trust or the related Underlying Trust, as applicable will not be 

entitled to receive any principal prepayments or any applicable Prepayment Penalties with respect to the 

Trust CLC Mortgage Loans until the earliest of (i) the liquidation of such Mortgage Loans, (ii) at the related 

Ginnie Mae Issuer’s option, either (a) the first Ginnie Mae Certificate Payment Date of the Ginnie Mae Project Loan Certificate following the conversion of the Ginnie Mae Construction Loan Certificate or (b) the 

date of conversion of the Ginnie Mae Construction Loan Certificate to a Ginnie Mae Project Loan Certificate, and (iii) the applicable Maturity Date. However, the Holders of the Securities will not receive any 

such amounts until the next Distribution Date and will not be entitled to receive any interest on such 

amount, and the related WACR will be reduced accordingly. 

Coinsurance. Certain of the Mortgage Loans may be federally insured under FHA coinsurance programs that provide for the retention by the mortgage lender of a portion of the mortgage insurance risk 

that otherwise would be assumed by FHA under the applicable FHA insurance program. As part of such 

coinsurance programs, FHA delegates to mortgage lenders approved by FHA for participation in such 

coinsurance programs certain underwriting functions generally performed by FHA. Accordingly, there can 

be no assurance that such mortgage loans were underwritten in conformity with FHA underwriting guidelines applicable to mortgage loans that were solely federally insured or that the default risk with respect to 

coinsured mortgage loans is comparable to that of FHA-insured mortgage loans generally. As a result, 

there can be no assurance that the likelihood of future default or the rate of prepayment on coinsured 

Mortgage Loans will be comparable to that of FHA-insured mortgage loans generally. 

The Trustee Fee

On each Distribution Date, the Trustee will retain a fixed percentage of all principal and interest distributions received on specified Trust Assets 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 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 Multifamily Base Offering Circular. Ginnie Mae does not guarantee the payment of any Prepayment Penalties. 

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 Multifamily Base Offering Circular. 

Form of Securities

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

book-entry form 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 located at 

S-20 
U.S. Bank National Association, One Federal Street, 3rd Floor, Boston, Massachusetts 02110, Attention: Ginnie Mae REMIC Program Agency Group 2024-047. See “Description of the Securities — Forms of

Securities; Book-Entry Procedures” in the Multifamily Base Offering Circular. 

Each Class (other than the Increased Minimum Denomination Classes) will be issued in minimum 

dollar denominations of initial principal balance of $1,000 and integral multiples of $1 in excess of $1,000. 

The Increased Minimum Denomination Classes will be issued in minimum denominations that equal 

$100,000 in initial notional balance. 

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 Distribution 

Amount will be distributed to the 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 Multifamily Base Offering Circular, by wire transfer. See “Description of the Securities — Distributions” and “— Method of Distributions” 

in the Multifamily Base Offering Circular.

Interest Distributions

The Interest Distribution Amount will be distributed on each Distribution Date to the Holders of all 

Classes of Securities entitled to distributions of interest. 

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

• Interest distributable 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. 

• Investors can calculate the amount of interest to be distributed on each Class of Securities for any 

Distribution Date by using the Class Factors published in the preceding month. See

“— Class Factors” below.

Categories of Classes

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

on the front cover and on Schedule I of 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 

Multifamily Base Offering Circular. 

Accrual Period

The Accrual Period for each Regular and MX Class is the calendar month preceding the related Distribution Date. 

Fixed Rate Classes

The Fixed Rate Classes will bear interest at the per annum Interest Rates shown on the front cover or 

on Schedule I of this Supplement. 

Weighted Average Coupon Classes

The Weighted Average Coupon Classes will bear interest as shown under “Terms Sheet — Interest 

Rates” in this Supplement. 

The Trustee’s calculation of the Interest Rates will be final except in the case of clear error. Investors 

can obtain Interest Rates for the current and preceding Accrual Periods on ginniemae.gov or by calling the 

Information Agent at (800) 234-GNMA. 

S-21 
Principal Distributions

The Principal Distribution Amount or the Adjusted Principal Distribution Amount for each Security 

Group, as applicable, will be distributed to the Holders entitled thereto as described above under “Terms 

Sheet — Allocation of Principal” 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 and on Schedule I of 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 Multifamily Base Offering Circular. 

Notional Classes

The Notional Classes will not receive principal distributions. For convenience in describing interest 

distributions, the Notional Classes will have the original Class Notional Balances shown on the front cover 

and on Schedule I of this Supplement. The Class Notional Balances will be reduced as shown under 

“Terms Sheet — Notional Classes” in this Supplement. 

Prepayment Penalty Distributions

The Trustee will distribute any Prepayment Penalties that are received by the Trust during the related 

interest Accrual Period as described in “Terms Sheet — Allocation of Prepayment Penalties” in this Supplement. 

Residual Securities

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

Trust REMICs as described in “Certain United States Federal Income Tax Consequences” in this Supplement and the Multifamily Base Offering Circular. The Residual Securities have no Class Principal Balance 

and do not accrue interest. The Residual Securities will be entitled to receive the proceeds of the disposition of any assets remaining in the related Trust REMICs after the Class Principal Balance or Class Notional 

Balance of each Class of Regular Securities in the related Security Group or Groups has been reduced to 

zero. However, any remaining proceeds are not likely to be significant. The Residual Securities may not be 

transferred to a Plan Investor, a Non-U.S. Person or a Disqualified Organization. 

Class Factors

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

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

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

made on the Securities or any 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 to be made or any 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. 

S-22 
• Based on the Class Factors published in the preceding and current months (and Interest Rates), 

investors in any Class can calculate the amount of principal and interest to be distributed to that 

Class on the Distribution Date in the current month. 

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

See “Description of the Securities — Distributions” in the Multifamily 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 and 2 Issuing and Pooling REMICs 

Group 3 Issuing and Pooling REMICs 

Group 4 Issuing and Pooling REMICs 

Group 1 and 2 Securities 

Group 3 Securities 

Group 4 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 outstanding related 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. The Residual Holders will be entitled to their pro rata share of any assets remaining in the related Trust REMICs after payment in full of the amounts described in the foregoing sentence. 

However, any remaining assets are not likely to be significant. 

With respect to each of Security Groups 3 and 4, 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 assets of such Security 

Group, but in no event less than the aggregate outstanding principal amount of the Securities of such 

Security Group, as applicable, plus (ii) accrued interest on the Securities of such Security Group, less 

(B) amounts on deposit in the related Trust REMICs for distribution on the Securities of such Security 

Group, plus (C) a $5,000 termination fee payable to the Trustee in connection with each Security Group to 

be terminated. After the Notice Period, and upon such purchase, the Trustee will terminate the related 

Trust REMICs. Upon such termination, the Trustee will distribute the cash proceeds of the sale of the 

related Trust Assets to the Holder of the related Securities (which distribution may be offset against 

amounts due on the sale of such assets), will cancel the Securities of the related Security Group and cause 

the removal from the Book Entry Depository Account of all Classes of the related Security Group, will 

cancel the related Class of Residual Securities, and will credit the remaining Trust Assets in the related 

Security Group to the account of the surrendering Holder. Notwithstanding anything to the contrary contained herein, no such termination will be allowed unless the Trustee and Ginnie Mae are provided, at no 

cost to either the Trustee or Ginnie Mae, an Opinion of Counsel, acceptable to the Trustee and Ginnie 

Mae, to the effect that such termination constitutes a “qualified liquidation” under the REMIC Provisions, 

including Section 860F(a)(4) of the Code, and such termination will not result in a disqualification of any 

Trust REMIC that is not terminated at such time or the imposition of any “prohibited transactions” or “contributions” tax under the REMIC Provisions on any Trust REMIC that is not terminated at such time. 

S-23 
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 principal or notional 

balance 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 Program Agency Group 2024-047. 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); provided, however, that no fee will be payable in respect of an interest only security, unless all securities involved in the exchange are interest only securities. The fee must be 

paid concurrently with the exchange. 

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

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

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

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

YIELD, MATURITY AND PREPAYMENT CONSIDERATIONS

General

The prepayment experience of the Mortgage Loans will affect the Weighted Average Lives of and the 

yields realized by investors in the related Securities. 

• Mortgage Loan principal payments may be in the form of scheduled or unscheduled amortization. 

• The terms of each Mortgage Loan provide that, following any applicable lockout period and upon 

payment of any applicable Prepayment Penalty, the Mortgage Loan may be voluntarily prepaid in 

whole or in part. 

• In addition, in some circumstances FHA may permit an FHA-insured Mortgage Loan to be refinanced or prepaid without regard to any lockout, statutory prepayment prohibition or Prepayment 

Penalty provisions. See “Characteristics of the Ginnie Mae Multifamily Certificates and the Related

Mortgage Loans,” in the case of the Group 1 and 2 Securities, in Exhibit A to this Supplement and, in

the case of the Group 3 and 4 Securities, in the Updated Exhibits A in Exhibit C to this Supplement.

• The condemnation of, or occurrence of a casualty loss on, the Mortgaged Property securing any 

Mortgage Loan or the acceleration of payments due under the Mortgage Loan by reason of default 

may also result in a prepayment at any time. 

Mortgage Loan prepayment rates are likely to fluctuate over time. No representation is made as to the 

expected Weighted Average Lives of the Securities or the percentage of the original unpaid principal balance of the Mortgage Loans that will be paid to Holders at any particular time. A number of factors may 

influence the prepayment rate. 

S-24 
• While some prepayments occur randomly, the payment behavior of the Mortgage Loans may be 

influenced by a variety of economic, tax, geographic, demographic, legal and other factors. 

• These factors may include the age, geographic distribution and payment terms of the Mortgage 

Loans; remaining depreciable lives of the underlying properties; characteristics of the borrowers; 

amount of the borrowers’ equity; the availability of mortgage financing; in a fluctuating interest rate 

environment, the difference between the interest rates on the Mortgage Loans and prevailing mortgage interest rates; the extent to which the Mortgage Loans are assumed or refinanced or the 

underlying properties are sold or conveyed; changes in local industry and population as they affect 

vacancy rates; population migration; and the attractiveness of other investment alternatives. 

• These factors may also include the application of (or override by FHA of) lockout periods, statutory prepayment prohibition periods or the assessment of Prepayment Penalties. For a more

detailed description of the lockout and Prepayment Penalty provisions of the Mortgage Loans, see

“Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans” in the

case of the Group 1 and 2 Securities, in Exhibit A to this Supplement and, in the case of the Group 3

and 4 Securities, in the Updated Exhibits A in Exhibit C to this Supplement. 

No representation is made concerning the particular effect that any of these or other factors may have 

on the prepayment behavior of the Mortgage Loans. The relative contribution of these or other factors may 

vary over time. 

Notwithstanding the foregoing, the Trust or the related Underlying Trust, as applicable, will not be 

entitled to receive any principal prepayments or any applicable Prepayment Penalties with respect to the 

Trust CLC Mortgage Loans until the earliest of (i) the liquidation of such Mortgage Loans, (ii) at the related 

Ginnie Mae Issuer’s option, either (a) the first Ginnie Mae Certificate Payment Date of the Ginnie Mae Project Loan Certificate following the conversion of the Ginnie Mae Construction Loan Certificate or (b) the 

date of conversion of the Ginnie Mae Construction Loan Certificate to a Ginnie Mae Project Loan Certificate, and (iii) the applicable Maturity Date. However, the Holders of the Securities will not receive any 

such amounts until the next Distribution Date and will not be entitled to receive any interest on such 

amounts, and the related WACR will be reduced accordingly. 

In addition, following any Mortgage Loan default and the subsequent liquidation of the underlying 

Mortgaged Property, the principal balance of the Mortgage Loan will be distributed through a combination of liquidation proceeds, advances from the related Ginnie Mae Issuer and, to the extent necessary, 

proceeds of Ginnie Mae’s guaranty of the Ginnie Mae Multifamily Certificates. 

• As a result, defaults experienced on the Mortgage Loans will accelerate the distribution of principal 

of the Securities. As a result, defaults experienced on the Mortgage Loans will accelerate the reduction of the notional balances of the Underlying Certificates included in Trust Asset Group 4 and the 

Group 4 Securities. 

• 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. 

The terms of the Mortgage Loans may be modified to permit, among other things, a partial release of 

security, which releases a portion of the mortgaged property from the lien securing the related Mortgage 

Loan. Partial releases of security may allow the related borrower to sell the released property and generate proceeds that may be used to prepay the related Mortgage Loan in whole or in part. 

Assumability

Each Mortgage Loan may be assumed, subject to HUD review and approval, upon the sale of the 

related Mortgaged Property. See “Yield, Maturity and Prepayment Considerations — Assumability of Mortgage Loans” in the Multifamily Base Offering Circular. 

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. 

S-25 
• 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

Unless otherwise indicated, the tables that follow have been prepared on the basis of the characteristics of the Underlying Certificates, the priorities of distributions on the Underlying Certificates and the 

following assumptions (the “Modeling Assumptions”), among others: 

1. The Mortgage Loans underlying the Group 1 and 2 Trust Assets have the characteristics shown 

under “Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans” in 

Exhibit A to this Supplement, and the Group 3 and 4 Underlying Certificate Trust Assets have the characteristics shown under the Updated Exhibits A in Exhibit C of this Supplement. 

2. There are no voluntary prepayments during any lockout period. With respect to Mortgage Loans 

insured under FHA insurance program Section 223(f), FHA approves prepayments made by borrowers 

after any applicable lockout period expires to the extent that any statutory prepayment prohibition period 

applies. 

3. There are no prepayments on any Trust CLC. 

4. With respect to each Trust PLC, the Mortgage Loans prepay at 100% PLD (as defined under “— Prepayment Assumptions” in this Supplement) and, beginning on the applicable Lockout End Date or, to the 

extent that no lockout period applies or the remaining lockout period is 0, the Closing Date, at the constant percentages of CPR (described below) shown in the related table. 

5. The Issue Date, Lockout End Date and Prepayment Penalty End Date of each Ginnie Mae Multifamily Certificate is the first day of the month indicated on Exhibit A or on the Updated Exhibits A in 

Exhibit C, as applicable. 

6. Distributions on the Securities, including all distributions of prepayments on the Mortgage Loans, 

are always received on the 16th day of the month, whether or not a Business Day, commencing in April 

2024. 

7. One hundred percent (100%) of the Prepayment Penalties that are collected in respect of the Security Group 1 Trust Assets are received by the Trustee and distributed to Class IO and one hundred percent 

(100%) of the Prepayment Penalties that are collected in respect of the Security Group 2 Trust Assets are 

received by the Trustee and distributed to Class BI. 

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

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

10. 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. 

11. Each Trust CLC converts to a Trust PLC on the date on which amortization payments are scheduled to begin on the related Mortgage Loan. 

12. Each Class is held from the Closing Date and is not exchanged in whole or in part. 

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

14. There are no modifications or waivers with respect to any terms including lockout periods and 

prepayment periods. 

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. 

S-26 
• For example, many Distribution Dates will occur on the first Business Day after the 16th day of the 

month, prepayments may not occur during the Prepayment Penalty Period, 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, Corrected Certificate 

Factors, and Calculated Certificate Factors, if applicable, which may not reflect actual receipts on 

the Trust Assets. 

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

Prepayment Assumptions

Prepayments of mortgage loans are commonly measured by a prepayment standard or model. One of 

the models used in this Supplement is the constant prepayment rate (“CPR”) model, which represents an 

assumed constant rate of voluntary prepayment each month relative to the then outstanding principal balance of the Mortgage Loans underlying any Trust PLC to which the model is applied. See “Yield, Maturity

and Prepayment Considerations — Prepayment Assumption Models” in the Multifamily Base Offering Circular. 

In addition, this Supplement uses another model to measure involuntary prepayments. This model is 

the Project Loan Default or PLD model provided by the Sponsor. The PLD model represents an assumed 

rate of involuntary prepayments each month as specified in the table below (the “PLD Model Rates”), in 

each case expressed as a per annum percentage of the then-outstanding principal balance of each of the 

Mortgage Loans underlying any Trust PLC in relation to its loan age. For example, 0% PLD represents 0% 

of such assumed rate of involuntary prepayments; 50% PLD represents 50% of such assumed rate of involuntary prepayments; 100% PLD represents 100% of such assumed rate of involuntary prepayments; and so 

forth. 

The following PLD model table was prepared on the basis of 100% PLD. Ginnie Mae had no part in 

the development of the PLD model and makes no representation as to the accuracy or reliability of the 

PLD model. 

Project Loan Default

Mortgage Loan Age Involuntary Prepayment Default

(in months)(1) Rate(2)

1-12 1.30% 

13-24 2.47 

25-36 2.51 

37-48 2.20 

49-60 2.13 

61-72 1.46 

73-84 1.26 

85-96 0.80 

97-108 0.57 

109-168 0.50 

169-240 0.25 

241-maturity 0.00 

(1) For purposes of the PLD model, Mortgage Loan Age means the number of months elapsed since the 

Issue Date indicated on Exhibit A and the Updated Exhibits A in Exhibit C. In the case of any Trust 

CLC Mortgage Loans, the Mortgage Loan Age is the number of months that have elapsed after the 

expiration of the Remaining Interest Only Period indicated on Exhibit A and the Updated Exhibits A 

in Exhibit C to this Supplement. 

(2) Assumes that involuntary prepayments start immediately. 

The decrement tables set forth below are based on the assumption that the Trust PLC Mortgage Loans 

prepay at the indicated percentages of CPR (the “CPR Prepayment Assumption Rates”) and 100% PLD and 

S-27 
that the Trust CLC Mortgage Loans prepay at 0% CPR and 0% PLD until the Trust CLCs convert to Ginnie 

Mae Project Loan Certificates, after which they prepay at the CPR Prepayment Assumption Rates and 100% 

PLD. It is unlikely that the Mortgage Loans will prepay at any of the CPR Prepayment Assumption Rates or PLD Model Rates, and the timing of changes in the rate of prepayments actually

experienced on the Mortgage Loans is unlikely to follow the pattern described for the CPR Prepayment Assumption Rates or PLD Model Rates.

Decrement Tables

The decrement tables set forth below illustrate the percentage of the Original Class Principal Balance 

(or, in the case of a Notional Class, the original Class Notional Balance) that would remain outstanding following the distribution made each specified month for each Regular or MX Class, based on the assumption 

that the related Trust PLC Mortgage Loans prepay at the CPR Prepayment Assumption Rates and 100% PLD 

and the Trust CLC Mortgage Loans prepay at 0% CPR and 0% PLD until the Trust CLCs convert to Ginnie 

Mae Project Loan Certificates, after which they prepay at the CPR Prepayment Assumption Rates and 100% 

PLD. 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 CPR Prepayment Assumption Rate and the PLD percentage rates indicated above for the Trust PLC Mortgage Loans 

and the Trust CLC Mortgage Loans. 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 balance, as applicable, referred to in clause (a). 

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 rate of prepayments on the Mortgage Loans underlying the Trust Assets and the Modeling Assumptions.

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

Classes are not entitled to distributions of principal and have 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. 

S-28 
Percentages of Original Class Principal (or Class Notional) Balances

and Weighted Average Lives

Security Group 1

CPR Prepayment Assumption Rates

Class AM Class IO Class M

Distribution Date 0% 5% 15% 25% 40% 0% 5% 15% 25% 40% 0% 5% 15% 25% 40%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 

March 2025 .... 98 95 88 82 71 98 95 89 82 72 100 100 100 100 100 

March 2026 .... 95 87 73 59 41 95 88 73 60 43 100 100 100 100 100 

March 2027 .... 91 80 59 42 23 92 80 60 44 25 100 100 100 100 100 

March 2028 .... 88 73 48 29 12 88 73 49 32 14 100 100 100 100 100 

March 2029 .... 85 66 39 20 5 85 67 40 23 8 100 100 100 100 100 

March 2030 .... 82 61 31 14 2 83 62 33 17 5 100 100 100 100 100 

March 2031 .... 80 56 25 9 0 80 57 28 12 3 100 100 100 100 93 

March 2032 .... 78 52 20 6 0 78 53 23 9 2 100 100 100 100 54 

March 2033 .... 76 48 16 4 0 77 49 19 6 1 100 100 100 100 32 

March 2034 .... 74 44 13 2 0 75 46 16 5 1 100 100 100 100 19 

March 2035 .... 72 41 10 0 0 73 42 13 3 0 100 100 100 100 11 

March 2036 .... 70 37 8 0 0 71 39 11 3 0 100 100 100 84 6 

March 2037 .... 68 34 6 0 0 69 36 9 2 0 100 100 100 61 4 

March 2038 .... 67 32 5 0 0 68 34 7 1 0 100 100 100 45 2 

March 2039 .... 65 29 3 0 0 66 31 6 1 0 100 100 100 33 1 

March 2040 .... 63 26 2 0 0 64 29 5 1 0 100 100 100 24 1 

March 2041 .... 61 24 1 0 0 62 26 4 1 0 100 100 100 17 0 

March 2042 .... 59 22 0 0 0 60 24 3 0 0 100 100 100 13 0 

March 2043 .... 57 20 0 0 0 58 22 3 0 0 100 100 93 9 0 

March 2044 .... 55 18 0 0 0 56 20 2 0 0 100 100 76 7 0 

March 2045 .... 52 16 0 0 0 54 19 2 0 0 100 100 62 5 0 

March 2046 .... 50 14 0 0 0 52 17 2 0 0 100 100 51 3 0 

March 2047 .... 48 13 0 0 0 50 16 1 0 0 100 100 42 2 0 

March 2048 .... 46 11 0 0 0 47 14 1 0 0 100 100 34 2 0 

March 2049 .... 43 10 0 0 0 45 13 1 0 0 100 100 27 1 0 

March 2050 .... 41 9 0 0 0 42 11 1 0 0 100 100 22 1 0 

March 2051 .... 38 7 0 0 0 40 10 1 0 0 100 100 17 1 0 

March 2052 .... 35 6 0 0 0 37 9 0 0 0 100 100 14 0 0 

March 2053 .... 32 5 0 0 0 34 8 0 0 0 100 100 11 0 0 

March 2054 .... 29 4 0 0 0 31 7 0 0 0 100 100 9 0 0 

March 2055 .... 26 3 0 0 0 28 6 0 0 0 100 100 7 0 0 

March 2056 .... 23 2 0 0 0 25 5 0 0 0 100 100 5 0 0 

March 2057 .... 20 1 0 0 0 22 4 0 0 0 100 100 4 0 0 

March 2058 .... 16 0 0 0 0 19 3 0 0 0 100 100 3 0 0 

March 2059 .... 13 0 0 0 0 16 3 0 0 0 100 89 2 0 0 

March 2060 .... 10 0 0 0 0 13 2 0 0 0 100 70 1 0 0 

March 2061 .... 8 0 0 0 0 10 2 0 0 0 100 53 1 0 0 

March 2062 .... 5 0 0 0 0 8 1 0 0 0 100 36 1 0 0 

March 2063 .... 1 0 0 0 0 4 1 0 0 0 100 21 0 0 0 

March 2064 .... 0 0 0 0 0 1 0 0 0 0 48 6 0 0 0 

March 2065 .... 0 0 0 0 0 0 0 0 0 0 4 0 0 0 0 

March 2066 .... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 

Weighted Average 

Life (years) . . . 20.7 11.0 5.0 3.2 2.0 21.3 11.8 5.5 3.5 2.2 40.1 37.3 23.3 14.6 8.7 

S-29 
Security Group 2
 

CPR Prepayment Assumption Rates
 

Classes AP, BA and BI

Distribution Date 0% 5% 15% 25% 40%

Initial Percent .... 100 100 100 100 100 

March 2025 ..... 98 95 88 80 70 

March 2026 ..... 95 87 73 59 42 

March 2027 ..... 92 80 60 43 24 

March 2028 ..... 89 73 49 31 14 

March 2029 ..... 86 67 40 23 8 

March 2030 ..... 83 62 33 16 5 

March 2031 ..... 81 57 27 12 3 

March 2032 ..... 79 53 23 9 2 

March 2033 ..... 77 49 19 6 1 

March 2034 ..... 75 46 16 5 1 

March 2035 ..... 74 43 13 3 0 

March 2036 ..... 72 40 11 3 0 

March 2037 ..... 70 37 9 2 0 

March 2038 ..... 68 34 7 1 0 

March 2039 ..... 66 31 6 1 0 

March 2040 ..... 65 29 5 1 0 

March 2041 ..... 63 27 4 1 0 

March 2042 ..... 61 24 3 0 0 

March 2043 ..... 58 22 3 0 0 

March 2044 ..... 56 21 2 0 0 

March 2045 ..... 54 19 2 0 0 

March 2046 ..... 52 17 2 0 0 

March 2047 ..... 50 15 1 0 0 

March 2048 ..... 47 14 1 0 0 

March 2049 ..... 44 13 1 0 0 

March 2050 ..... 42 11 1 0 0 

March 2051 ..... 39 10 1 0 0 

March 2052 ..... 36 9 0 0 0 

March 2053 ..... 33 8 0 0 0 

March 2054 ..... 29 6 0 0 0 

March 2055 ..... 26 5 0 0 0 

March 2056 ..... 22 4 0 0 0 

March 2057 ..... 18 3 0 0 0 

March 2058 ..... 15 3 0 0 0 

March 2059 ..... 11 2 0 0 0 

March 2060 ..... 9 2 0 0 0 

March 2061 ..... 7 1 0 0 0 

March 2062 ..... 5 1 0 0 0 

March 2063 ..... 3 0 0 0 0 

March 2064 ..... 1 0 0 0 0 

March 2065 ..... 0 0 0 0 0 

March 2066 ..... 0 0 0 0 0 

Weighted Average 

Life (years) .... 21.0 11.7 5.5 3.5 2.2 

S-30 
Security Group 3
 

CPR Prepayment Assumption Rates
 

Class LD

Distribution Date 0% 5% 15% 25% 40%

Initial Percent .... 100 100 100 100 100 

March 2025 ..... 100 100 100 100 100 

March 2026 ..... 100 100 100 100 100 

March 2027 ..... 100 100 100 100 100 

March 2028 ..... 100 100 100 100 100 

March 2029 ..... 100 100 100 100 94 

March 2030 ..... 100 100 100 100 89 

March 2031 ..... 100 100 100 99 79 

March 2032 ..... 100 100 100 95 51 

March 2033 ..... 100 100 100 91 30 

March 2034 ..... 100 100 100 89 17 

March 2035 ..... 100 100 100 86 10 

March 2036 ..... 100 100 98 74 6 

March 2037 ..... 100 100 95 58 3 

March 2038 ..... 100 100 93 43 2 

March 2039 ..... 100 100 91 31 1 

March 2040 ..... 100 100 89 23 1 

March 2041 ..... 100 100 88 17 0 

March 2042 ..... 100 100 86 12 0 

March 2043 ..... 100 100 81 9 0 

March 2044 ..... 100 100 69 6 0 

March 2045 ..... 100 100 59 5 0 

March 2046 ..... 100 100 49 3 0 

March 2047 ..... 100 100 40 2 0 

March 2048 ..... 100 100 32 2 0 

March 2049 ..... 100 99 26 1 0 

March 2050 ..... 100 98 20 1 0 

March 2051 ..... 100 96 16 1 0 

March 2052 ..... 100 94 13 0 0 

March 2053 ..... 100 92 10 0 0 

March 2054 ..... 100 91 8 0 0 

March 2055 ..... 100 89 6 0 0 

March 2056 ..... 100 88 4 0 0 

March 2057 ..... 100 87 3 0 0 

March 2058 ..... 98 81 2 0 0 

March 2059 ..... 97 68 1 0 0 

March 2060 ..... 94 54 1 0 0 

March 2061 ..... 92 40 1 0 0 

March 2062 ..... 89 27 0 0 0 

March 2063 ..... 84 15 0 0 0 

March 2064 ..... 27 4 0 0 0 

March 2065 ..... 2 0 0 0 0 

March 2066 ..... 0 0 0 0 0 

Weighted Average 

Life (years) .... 39.4 35.7 22.3 14.0 8.3 

S-31 
Security Group 4
 

CPR Prepayment Assumption Rates
 

Class AI Class IA Class IB

Distribution Date 0% 5% 15% 25% 40% 0% 5% 15% 25% 40% 0% 5% 15% 25% 40%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 

March 2025..... 96 91 81 72 57 96 91 81 72 57 96 91 81 72 57 

March 2026..... 92 83 66 51 33 91 82 66 51 33 92 83 66 51 33 

March 2027..... 88 75 54 37 19 88 75 54 37 19 88 75 54 37 19 

March 2028..... 85 69 44 27 11 84 69 44 27 11 85 69 44 27 11 

March 2029..... 82 63 36 19 6 81 63 36 19 6 82 63 36 19 6 

March 2030..... 79 58 30 14 4 78 58 30 14 4 79 58 30 14 4 

March 2031..... 76 53 24 10 2 76 53 24 10 2 76 53 24 10 2 

March 2032..... 74 49 20 7 1 73 48 20 7 1 74 49 20 7 1 

March 2033..... 71 45 16 5 1 70 44 16 5 1 71 45 16 5 1 

March 2034..... 68 41 13 4 0 68 41 13 4 0 68 41 13 4 0 

March 2035..... 66 37 11 3 0 65 37 11 3 0 66 37 11 3 0 

March 2036..... 63 34 9 2 0 62 34 9 2 0 63 34 9 2 0 

March 2037..... 60 31 7 1 0 60 31 7 1 0 61 31 7 1 0 

March 2038..... 58 28 6 1 0 57 28 6 1 0 58 28 6 1 0 

March 2039..... 55 25 5 1 0 54 25 5 1 0 55 26 5 1 0 

March 2040..... 52 23 4 1 0 51 23 4 1 0 52 23 4 1 0 

March 2041..... 49 21 3 0 0 48 20 3 0 0 50 21 3 0 0 

March 2042..... 46 18 2 0 0 45 18 2 0 0 47 19 3 0 0 

March 2043..... 44 16 2 0 0 42 16 2 0 0 44 17 2 0 0 

March 2044..... 41 15 2 0 0 39 14 2 0 0 41 15 2 0 0 

March 2045..... 38 13 1 0 0 36 12 1 0 0 38 13 1 0 0 

March 2046..... 35 11 1 0 0 33 11 1 0 0 35 11 1 0 0 

March 2047..... 32 10 1 0 0 30 9 1 0 0 32 10 1 0 0 

March 2048..... 29 8 1 0 0 27 8 1 0 0 29 8 1 0 0 

March 2049..... 25 7 0 0 0 24 7 0 0 0 26 7 0 0 0 

March 2050..... 22 6 0 0 0 20 5 0 0 0 23 6 0 0 0 

March 2051..... 19 5 0 0 0 17 4 0 0 0 19 5 0 0 0 

March 2052..... 16 4 0 0 0 14 3 0 0 0 16 4 0 0 0 

March 2053..... 13 3 0 0 0 11 3 0 0 0 13 3 0 0 0 

March 2054..... 10 2 0 0 0 9 2 0 0 0 10 2 0 0 0 

March 2055..... 7 1 0 0 0 6 1 0 0 0 7 1 0 0 0 

March 2056..... 4 1 0 0 0 3 1 0 0 0 4 1 0 0 0 

March 2057..... 3 1 0 0 0 1 0 0 0 0 2 0 0 0 0 

March 2058..... 2 0 0 0 0 1 0 0 0 0 2 0 0 0 0 

March 2059..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 

March 2060..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 

March 2061..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 

March 2062..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 

March 2063..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 

March 2064..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 

March 2065..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 

Weighted Average 

Life (years) . . . 16.5 10.0 4.9 3.0 1.8 16.2 9.9 4.9 3.0 1.8 16.5 10.0 4.9 3.0 1.8 

S-32 
Security Group 4
 

CPR Prepayment Assumption Rates
 

Class IC Class ID Class IE

Distribution Date 0% 5% 15% 25% 40% 0% 5% 15% 25% 40% 0% 5% 15% 25% 40%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 

March 2025..... 96 91 81 72 57 96 91 81 72 57 96 91 81 72 57 

March 2026..... 92 83 66 51 33 92 83 66 51 33 92 83 66 52 33 

March 2027..... 88 76 54 37 19 88 75 54 37 19 88 76 54 37 19 

March 2028..... 85 69 44 27 11 85 69 44 27 11 85 69 44 27 11 

March 2029..... 82 63 36 19 6 82 63 36 19 6 82 64 36 20 6 

March 2030..... 79 58 30 14 4 79 58 30 14 4 80 59 30 14 4 

March 2031..... 77 53 25 10 2 76 53 24 10 2 77 54 25 10 2 

March 2032..... 74 49 20 7 1 74 49 20 7 1 74 49 20 7 1 

March 2033..... 71 45 16 5 1 71 45 16 5 1 72 45 17 5 1 

March 2034..... 68 41 13 4 0 69 41 14 4 0 69 41 14 4 0 

March 2035..... 65 37 11 3 0 66 38 11 3 0 66 38 11 3 0 

March 2036..... 63 34 9 2 0 64 34 9 2 0 64 34 9 2 0 

March 2037..... 60 31 7 1 0 61 31 7 1 0 61 31 7 1 0 

March 2038..... 57 28 6 1 0 59 29 6 1 0 58 28 6 1 0 

March 2039..... 54 25 5 1 0 56 26 5 1 0 55 26 5 1 0 

March 2040..... 52 23 4 1 0 53 24 4 1 0 52 23 4 1 0 

March 2041..... 49 20 3 0 0 51 21 3 0 0 50 21 3 0 0 

March 2042..... 46 18 2 0 0 48 19 3 0 0 47 19 3 0 0 

March 2043..... 43 16 2 0 0 46 17 2 0 0 44 17 2 0 0 

March 2044..... 40 14 2 0 0 43 15 2 0 0 41 15 2 0 0 

March 2045..... 37 13 1 0 0 40 14 1 0 0 38 13 1 0 0 

March 2046..... 34 11 1 0 0 37 12 1 0 0 35 11 1 0 0 

March 2047..... 31 9 1 0 0 34 11 1 0 0 31 10 1 0 0 

March 2048..... 27 8 1 0 0 31 9 1 0 0 28 8 1 0 0 

March 2049..... 24 7 0 0 0 28 8 0 0 0 25 7 0 0 0 

March 2050..... 21 5 0 0 0 25 7 0 0 0 22 6 0 0 0 

March 2051..... 17 4 0 0 0 22 5 0 0 0 18 5 0 0 0 

March 2052..... 14 3 0 0 0 19 4 0 0 0 15 4 0 0 0 

March 2053..... 11 3 0 0 0 16 4 0 0 0 12 3 0 0 0 

March 2054..... 8 2 0 0 0 13 3 0 0 0 9 2 0 0 0 

March 2055..... 6 1 0 0 0 9 2 0 0 0 6 1 0 0 0 

March 2056..... 4 1 0 0 0 6 1 0 0 0 4 1 0 0 0 

March 2057..... 3 1 0 0 0 3 1 0 0 0 3 1 0 0 0 

March 2058..... 2 0 0 0 0 3 0 0 0 0 2 0 0 0 0 

March 2059..... 2 0 0 0 0 2 0 0 0 0 1 0 0 0 0 

March 2060..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 

March 2061..... 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 

March 2062..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 

March 2063..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 

March 2064..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 

March 2065..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 

Weighted Average 

Life (years) . . . 16.3 9.9 4.9 3.1 1.8 17.0 10.1 4.9 3.0 1.8 16.5 10.0 4.9 3.1 1.8 

S-33 
Security Group 4
 

CPR Prepayment Assumption Rates
 

Class IG Class IH Class IJ

Distribution Date 0% 5% 15% 25% 40% 0% 5% 15% 25% 40% 0% 5% 15% 25% 40%

Initial Percent . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 

March 2025..... 96 91 81 72 57 96 91 81 72 57 96 91 81 72 57 

March 2026..... 92 83 66 51 33 91 82 66 51 33 92 83 66 51 33 

March 2027..... 88 75 54 37 19 88 75 54 37 19 88 75 54 37 19 

March 2028..... 85 69 44 27 11 84 69 44 27 11 85 69 44 27 11 

March 2029..... 82 63 36 19 6 81 63 36 19 6 82 63 36 19 6 

March 2030..... 79 58 30 14 4 78 58 30 14 4 79 58 30 14 4 

March 2031..... 76 53 24 10 2 76 53 24 10 2 76 53 24 10 2 

March 2032..... 74 49 20 7 1 73 49 20 7 1 74 49 20 7 1 

March 2033..... 71 45 16 5 1 71 44 16 5 1 71 45 16 5 1 

March 2034..... 68 41 13 4 0 68 41 13 4 0 68 41 13 4 0 

March 2035..... 65 37 11 3 0 65 37 11 3 0 66 37 11 3 0 

March 2036..... 63 34 9 2 0 63 34 9 2 0 63 34 9 2 0 

March 2037..... 60 31 7 1 0 60 31 7 1 0 60 31 7 1 0 

March 2038..... 57 28 6 1 0 57 28 6 1 0 57 28 6 1 0 

March 2039..... 55 25 5 1 0 55 25 5 1 0 54 25 5 1 0 

March 2040..... 52 23 4 1 0 52 23 4 1 0 52 23 4 1 0 

March 2041..... 49 20 3 0 0 49 21 3 0 0 49 20 3 0 0 

March 2042..... 46 18 2 0 0 46 18 2 0 0 46 18 2 0 0 

March 2043..... 43 16 2 0 0 44 16 2 0 0 43 16 2 0 0 

March 2044..... 40 14 2 0 0 41 15 2 0 0 40 14 2 0 0 

March 2045..... 37 13 1 0 0 38 13 1 0 0 37 13 1 0 0 

March 2046..... 34 11 1 0 0 35 11 1 0 0 34 11 1 0 0 

March 2047..... 31 10 1 0 0 32 10 1 0 0 32 10 1 0 0 

March 2048..... 28 8 1 0 0 28 8 1 0 0 29 8 1 0 0 

March 2049..... 25 7 0 0 0 25 7 0 0 0 26 7 0 0 0 

March 2050..... 22 6 0 0 0 22 6 0 0 0 23 6 0 0 0 

March 2051..... 19 5 0 0 0 19 5 0 0 0 20 5 0 0 0 

March 2052..... 16 4 0 0 0 15 4 0 0 0 17 4 0 0 0 

March 2053..... 13 3 0 0 0 13 3 0 0 0 14 3 0 0 0 

March 2054..... 10 2 0 0 0 10 2 0 0 0 11 2 0 0 0 

March 2055..... 7 1 0 0 0 7 1 0 0 0 8 2 0 0 0 

March 2056..... 4 1 0 0 0 4 1 0 0 0 5 1 0 0 0 

March 2057..... 2 0 0 0 0 3 0 0 0 0 3 1 0 0 0 

March 2058..... 2 0 0 0 0 2 0 0 0 0 3 0 0 0 0 

March 2059..... 1 0 0 0 0 1 0 0 0 0 2 0 0 0 0 

March 2060..... 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 

March 2061..... 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 

March 2062..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 

March 2063..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 

March 2064..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 

March 2065..... 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 

Weighted Average 

Life (years) . . . 16.4 9.9 4.9 3.0 1.8 16.4 9.9 4.9 3.0 1.8 16.5 10.0 4.9 3.0 1.8 

S-34 
Security Group 4
 

CPR Prepayment Assumption Rates
 

Class IK

Distribution Date 0% 5% 15% 25% 40%

Initial Percent .... 100 100 100 100 100 

March 2025 ..... 96 91 81 72 57 

March 2026 ..... 91 82 66 51 33 

March 2027 ..... 87 75 54 37 19 

March 2028 ..... 84 68 44 26 11 

March 2029 ..... 80 62 36 19 6 

March 2030 ..... 78 57 29 14 4 

March 2031 ..... 75 52 24 10 2 

March 2032 ..... 72 48 20 7 1 

March 2033 ..... 69 44 16 5 1 

March 2034 ..... 67 40 13 4 0 

March 2035 ..... 64 36 11 3 0 

March 2036 ..... 61 33 9 2 0 

March 2037 ..... 59 30 7 1 0 

March 2038 ..... 56 27 6 1 0 

March 2039 ..... 54 25 5 1 0 

March 2040 ..... 52 23 4 1 0 

March 2041 ..... 49 21 3 0 0 

March 2042 ..... 47 19 3 0 0 

March 2043 ..... 44 17 2 0 0 

March 2044 ..... 42 15 2 0 0 

March 2045 ..... 39 13 1 0 0 

March 2046 ..... 37 12 1 0 0 

March 2047 ..... 34 10 1 0 0 

March 2048 ..... 31 9 1 0 0 

March 2049 ..... 28 8 0 0 0 

March 2050 ..... 25 7 0 0 0 

March 2051 ..... 22 6 0 0 0 

March 2052 ..... 19 5 0 0 0 

March 2053 ..... 17 4 0 0 0 

March 2054 ..... 14 3 0 0 0 

March 2055 ..... 10 2 0 0 0 

March 2056 ..... 7 1 0 0 0 

March 2057 ..... 4 1 0 0 0 

March 2058 ..... 3 1 0 0 0 

March 2059 ..... 2 0 0 0 0 

March 2060 ..... 2 0 0 0 0 

March 2061 ..... 1 0 0 0 0 

March 2062 ..... 1 0 0 0 0 

March 2063 ..... 0 0 0 0 0 

March 2064 ..... 0 0 0 0 0 

March 2065 ..... 0 0 0 0 0 

Weighted Average 

Life (years) .... 16.7 10.0 4.9 3.0 1.8 

Yield Considerations

An investor seeking to maximize yield should make a decision whether to invest in any Class based 

on: 

•	 the anticipated yield of that Class resulting from its purchase price, 

•	 the investor’s own projection of Mortgage Loan prepayment rates under a variety of scenarios, 

•	 the investor’s own projection of the likelihood of extensions of the maturity of any Trust CLC or 

delays with respect to the conversion of a Trust CLC to a Ginnie Mae Project Loan Certificate and 

•	 in the case of the Group 3 and 4 Securities, the investor’s own projection of payment rates on 

each Underlying Certificate under a variety of scenarios. 

S-35 
No representation is made regarding Mortgage Loan prepayment rates, Underlying Certificate payment rates, the occurrence and duration of extensions, if any, the timing of conversions,

if any, or the yield of any Class.

Prepayments: Effect on Yields

The yields to investors will be sensitive in varying degrees to the rate of prepayments on the related 

Mortgage Loans. 

• In the case of Regular or MX Securities purchased at a premium (especially the Interest Only 

Classes), faster than anticipated rates of principal payments could result in actual yields to investors that are lower than the anticipated yields. 

• Investors in the Interest Only Classes should also consider the risk that rapid rates of principal payments could result in the failure of investors to recover fully their investments. 

• In the case of Regular or MX Securities purchased at a discount, slower than anticipated rates of 

principal payments could result in actual yields to investors that are lower than the anticipated 

yields. 

See “Risk Factors — Rates of principal payments can reduce your yield” in this Supplement.

For Security Group 1, certain of the Mortgage Loans prohibit voluntary prepayments during specified 

lockout periods with remaining terms that range from 0 to 20 months. The Mortgage Loans that underlie 

Security Group 1 have a weighted average remaining lockout period of approximately 5 months and a 

weighted average remaining term to maturity of approximately 469 months. For Security Group 2, certain 

of the Mortgage Loans prohibit voluntary prepayments during specified lockout periods with remaining 

terms that range from 0 to 20 months. The Mortgage Loans that underlie Security Group 2 have a weighted 

average remaining lockout period of approximately 4 months and a weighted average remaining term to 

maturity of approximately 454 months. 

For Security Group 3, certain of the Mortgage Loans prohibit voluntary prepayments during specified 

lockout periods with remaining terms that range from 0 to 24 months. For Security Subgroup 4G, certain 

of the Mortgage Loans prohibit voluntary prepayments during specified lockout periods with remaining 

terms that range from 0 to 4 months. For each of Security Subgroup 4A, 4B, 4C, 4D, 4E, 4F, 4H and 4I, 

none of the related Mortgage Loans have remaining lockout periods. See the Updated Exhibits A in 

Exhibit C for additional information with respect to remaining lockout periods. 

Certain of the Mortgage Loans are insured under FHA insurance program Section 223(f), which, with 

respect to certain mortgage loans insured thereunder, prohibits prepayments for a period of five (5) years 

from the date of endorsement, regardless of any applicable lockout periods associated with such mortgage loans. 

The Mortgage Loans also provide for payment of a Prepayment Penalty in connection with prepayments for a period extending beyond the lockout period or, if no lockout period applies, the applicable 

Issue Date. See “The Trust Assets — Certain Additional Characteristics of the Mortgage Loans” and “Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans”, in the case of the

Group 1 and 2 Securities, in Exhibit A to this Supplement and, in the case of the Group 3 and 4 Securities,

in the Updated Exhibits A in Exhibit C to this Supplement. The required payment of a Prepayment Penalty 

may not be a sufficient disincentive to prevent a borrower from voluntarily prepaying a Mortgage Loan. 

In addition, in some circumstances FHA may permit an FHA-insured Mortgage Loan to be refinanced 

or prepaid without regard to any lockout, statutory prepayment prohibition or Prepayment Penalty provisions. 

Notwithstanding the foregoing, the Trust or the related Underlying Trusts, as applicable, will not be 

entitled to receive any principal prepayments or any applicable Prepayment Penalties with respect to the 

Trust CLC Mortgage Loans until the earliest of (i) the liquidation of such Mortgage Loans, (ii) at the related 

Ginnie Mae Issuer’s option, either (a) the first Ginnie Mae Certificate Payment Date of the Ginnie Mae Project Loan Certificate following the conversion of the Ginnie Mae Construction Loan Certificate or (b) the 

S-36 
date of conversion of the Ginnie Mae Construction Loan Certificate to a Ginnie Mae Project Loan Certificate, and (iii) the applicable Maturity Date. However, the Holders of the Securities will not receive any 

such amounts until the next Distribution Date and will not be entitled to receive any interest on such 

amounts, and the related WACR will be reduced accordingly. 

Information relating to lockout periods, statutory prepayment prohibition periods and Prepayment 

Penalties is contained under “Certain Additional Characteristics of the Mortgage Loans” and “Yield, Maturity and Prepayment Considerations” in this Supplement, in Exhibit A to this Supplement and in the 

Updated Exhibits A in Exhibit C to this Supplement. 

Rapid rates of prepayments on the Mortgage Loans 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 Mortgage Loans 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 Mortgage Loans will not prepay at any constant rate until maturity, nor will all of the Mortgage 

Loans 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 Mortgage Loans, 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. 

Payment Delay: Effect on Yields of the Fixed Rate and Delay Classes

The effective yield on any Fixed Rate or Delay Class will be less than the yield otherwise produced by 

its Interest Rate and purchase price because on any Distribution Date, 30 days’ interest will be payable on 

that Class even though interest began to accrue approximately 46 days earlier. 

Yield Tables

The following tables show the pre-tax yields to maturity on a corporate bond equivalent basis of 

specified Classes based on the assumption that the Trust PLC Mortgage Loans prepay at the CPR Prepayment Assumption Rates and 100% PLD and the Trust CLC Mortgage Loans prepay at 0% CPR and 0% PLD 

until the Trust CLCs convert to Ginnie Mae Project Loan Certificates after which they prepay at the CPR 

Prepayment Assumption Rates and 100% PLD. 

The Mortgage Loans will not prepay at any constant rate until maturity. Moreover, it is likely that the 

Mortgage Loans will experience actual prepayment 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 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. 

S-37 
The information set forth in the following tables was prepared on the basis of the Modeling Assumptions and the assumption that 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.

Security Group 1
 

Sensitivity of Class IO to Prepayments
 

Assumed Price 6.50%*
 

CPR Prepayment Assumption Rates

5%

7.3% 

15%

9.6% 

25%

15.1% 

40%

25.1% 

Security Group 2

Sensitivity of Class BI to Prepayments

Assumed Price 6.25%*

5%

8.3% 

CPR Prepayment Assumption Rates

15% 25%

11.1% 17.3% 

40%

28.6% 

Security Group 4

Sensitivity of Class AI to Prepayments

Assumed Price 4.00%*

5%

9.4% 

CPR Prepayment Assumption Rates

15% 25%

(1.8)% (13.7)% 

40%

(33.2)% 

Security Group 4

Sensitivity of Class IA to Prepayments

Assumed Price 4.00%*

5%

9.3% 

CPR Prepayment Assumption Rates

15% 25%

(1.9)% (13.8)% 

40%

(33.3)% 

Sensitivity of Class IB to Prepayments

Assumed Price 4.00%*

5%

9.5% 

CPR Prepayment Assumption Rates

15% 25%

(1.8)% (13.7)% 

40%

(33.2)% 

Sensitivity of Class IC to Prepayments

Assumed Price 3.75%*

5%

10.8% 

CPR Prepayment Assumption Rates

15% 25%

(0.5)% (12.5)% 

40%

(32.2)% 

Sensitivity of Class ID to Prepayments

Assumed Price 3.75%*

5%

10.8% 

CPR Prepayment Assumption Rates

15% 25%

(0.5)% (12.5)% 

40%

(32.1)% 

S-38 
Sensitivity of Class IE to Prepayments
 

Assumed Price 3.75%*
 

CPR Prepayment Assumption Rates

5%

10.9% 

15%

(0.4)% 

25%

(12.4)% 

40%

(32.1)% 

Sensitivity of Class IG to Prepayments

Assumed Price 4.25%*

5%

8.3% 

CPR Prepayment Assumption Rates

15% 25%

(2.9)% (14.8)% 

40%

(34.2)% 

Sensitivity of Class IH to Prepayments

Assumed Price 4.00%*

5%

9.4% 

CPR Prepayment Assumption Rates

15% 25%

(1.9)% (13.8)% 

40%

(33.3)% 

Sensitivity of Class IJ to Prepayments

Assumed Price 4.00%*

5%

9.4% 

CPR Prepayment Assumption Rates

15% 25%

(1.8)% (13.7)% 

40%

(33.2)% 

Sensitivity of Class IK to Prepayments

Assumed Price 4.25%*

CPR Prepayment Assumption Rates

5% 15% 25%	 40%

8.1% (3.0)% (14.9)% (34.4)% 

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

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 Multifamily Base Offering Circular, describes the material 

United States federal income tax considerations for investors in the Securities. However, these two tax discussions do not purport to deal with all United States federal tax consequences applicable to all categories 

of investors, some of which may be subject to special rules. 

REMIC Elections

In the opinion of Cleary Gottlieb Steen & Hamilton LLP, the Trust will constitute a Double REMIC 

Series as to the Group 1 and 2 Trust Assets, a Double REMIC Series as to the Group 3 Trust Assets and a 

Double REMIC Series as to the Group 4 Trust Assets, each for United States federal income tax purposes. 

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

REMIC, the Group 3 Issuing REMIC, the Group 3 Pooling REMIC, the Group 4 Issuing REMIC and the 

Group 4 Pooling REMIC. 

Regular Securities

The Regular Securities will be treated as debt instruments issued by the Group 1 and 2 Issuing REMIC, 

the Group 3 Issuing REMIC or the Group 4 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. 

S-39 
The Notional Classes of Regular Securities will be issued with original issue discount (“OID”), and certain other Classes of Regular Securities may be issued with 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 Multifamily Base Offering

Circular. 

The prepayment assumption that should be used in determining the rates of accrual of OID, if any, on 

the Regular Securities is 15% CPR and 100% PLD in the case of the Trust PLC Mortgage Loans and 0% CPR 

and 0% PLD in the case of the Trust CLC Mortgage Loans until the Trust CLCs convert to Ginnie Mae Project Loan Certificates, after which the prepayment assumption that should be used is 15% CPR and 100% 

PLD (as described in “Yield, Maturity and Prepayment Considerations” in this Supplement). No representation is made, however, about the rate at which prepayments on the Mortgage Loans underlying the Ginnie 

Mae Multifamily Certificates actually will occur. See “Certain United States Federal Income Tax Consequences” in the Multifamily Base Offering Circular. 

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 Multifamily 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 

Multifamily Base Offering Circular. 

Residual Securities

Each Class of Residual Securities will represent the beneficial ownership of the Residual Interest in the 

related Trust REMICs, as shown below: 

Residual Securities Trust REMIC

Class RR Securities Group 1 and 2 Pooling REMIC and Group 1 and 2 Issuing REMIC 

Class RR3 Securities Group 3 Pooling REMIC and Group 3 Issuing REMIC 

Class RR4 Securities Group 4 Pooling REMIC and Group 4 Issuing REMIC 

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 Multifamily 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,” 

S-40 
“— Exchanges of MX Classes and Regular Classes” and “— Taxation of Foreign Holders of REMIC Securities and MX Securities” in the Multifamily 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.

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. Ginnie Mae 

does not guarantee the payment of any Prepayment Penalties. 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 Multifamily 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 Multifamily 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 March 1, 2024. 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-41 
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 and 

Harrell & Chambliss LLP, for the Trust by Cleary Gottlieb Steen & Hamilton LLP and Marcell Solomon & 

Associates, P.C., and for the Trustee by Faegre Drinker Biddle & Reath LLP. 

S-42 
S-I-1 

Schedule I

Available Combinations(1)

REMIC Securities MX Securities

Original

Class Maximum Original

Principal Class Principal

Balance or Balance or

Class Class Final

Notional Related Notional Principal Interest Interest CUSIP Distribution

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

Security Group 2

Combination 1AP $ 20,000,000 BA $ 20,000,000 PT (5) WAC/DLY 38381LAU6 October 2065BI 20,000,000 Security Group 4

Combination 2IA $ 87,943,799 AI $956,790,581 NTL(SC/PT) 0.75% FIX/IO 38381LAV4 June 2064 

IB 65,091,533 IC 101,314,925ID 108,089,578IE 170,573,975IG 158,714,143IH 113,595,155IJ 141,811,005IK 9,656,468

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

The amount shown for each MX Class represents the maximum Original Class Principal Balance (or original Class Notional Balance) of that Class, (2) 

assuming it were to be issued on the Closing Date.As defined under “Class Types” in Appendix I to the Multifamily Base Offering Circular. (3)

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

The Interest Rate will be calculated as described under “Terms Sheet (5) — Interest Rates” in this Supplement. 
Exhibit

A

Group 1 and

2 Trust Assets

Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans(1)

Total

Remaining

FHA Lockout

Insurance Principal and Remaining

Program/ Balance Servicing Monthly Original Remaining Period Prepayment Lockout/ Remaining Prepayment Interest

Section 538 as of the Mortgage and Principal Term to Term to from Lockout Penalty Prepayment Lockout Penalty Only

Pool Security Security Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End End Penalty Period Period Period

Number Group Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† (mos.)(8)† (mos.)(9)

CQ2018 1 PLC 207/223(f) Roanoke VA $3,270,531.40 5.020% 4.770% 0.250% May-58 $16,696.81 421 410 11 Apr-23 Jul-23 Jul-33 A 0 111 0 CI1780 1 CLC 221(d)(4) Clarksburg MD 3,000,000.00 4.300 4.050 0.250 Oct-64 13,103.64 502 487 15 Dec-22 Dec-24 Dec-34 A 8 128 7 

CI1782 1 CLC 221(d)(4) Salt Lake City UT 3,000,000.00 4.250 4.000 0.250 May-64 13,008.61 502 482 20 Jul-22 Jul-24 Jul-34 A 3 123 2 CJ1399 1 CLC 221(d)(4) San Antonio TX 3,000,000.00 4.300 4.050 0.250 May-64 13,103.64 504 482 22 May-22 Jul-24 Jul-34 A 3 123 2 CL1968 1 CLC 231 Frederick MD 3,000,000.00 4.370 4.120 0.250 Oct-65 13,237.22 516 499 17 Oct-22 Dec-25 Dec-35 A 20 140 19 

CN3134 1 CLC 221(d)(4) Lubbock TX 3,000,000.00 3.930 3.680 0.250 Oct-64 12,407.87 508 487 21 Jun-22 Dec-24 Dec-34 A 8 128 7 

CP3649 1 CLC 221(d)(4) Forney TX 3,000,000.00 4.600 4.350 0.250 Jan-65 13,680.33 507 490 17 Oct-22 Mar-25 Mar-35 A 11 131 10 CS2721 1 PLC 232/223(f) Chicago IL 2,970,145.80 4.970 4.720 0.250 Apr-58 15,083.28 420 409 11 Apr-23 Jun-23 Jun-33 A 0 110 0 CS2722 1 PLC 232/223(f) Rockford IL 2,970,145.80 4.970 4.720 0.250 Apr-58 15,083.28 420 409 11 Apr-23 Jun-23 Jun-33 A 0 110 0 CJ9345 1 CLC 221(d)(4) Las Vegas NV 2,500,000.00 2.990 2.740 0.250 May-64 8,935.21 507 482 25 Feb-22 Jul-24 Jul-34 A 3 123 2 CF5625 1 PLC 221(d)(4) Del Valle TX 2,497,129.95 2.800 2.550 0.250 Oct-63 8,703.42 476 475 1 Feb-24 N/A Dec-33 G N/A 116 0 

CF9487 1 CLC 221(d)(4) Salt Lake City UT 2,300,000.00 3.050 2.800 0.250 Mar-64 8,300.06 511 480 31 Aug-21 May-24 May-34 A 1 121 0 

CI3510 1 CLC 221(d)(4) Tacoma WA 1,850,000.00 2.900 2.650 0.250 Jun-64 6,516.54 508 483 25 Feb-22 Aug-24 Aug-34 A 4 124 3 CC1904 1 CLC 221(d)(4) Wilmington NC 1,500,000.00 4.700 4.450 0.250 Dec-64 6,937.49 506 489 17 Oct-22 Feb-25 Feb-35 A 10 130 9 

CF5142 1 CLC 221(d)(4) Minneapolis MN 1,500,000.00 2.950 2.700 0.250 Jan-64 5,326.63 504 478 26 Jan-22 Mar-24 Mar-34 A 0 119 0 

CF6766 1 CLC 221(d)(4) Tulsa OK 1,500,000.00 2.900 2.650 0.250 Apr-64 5,283.68 505 481 24 Mar-22 Jun-24 Jun-34 A 2 122 1 CI8983 1 CLC 221(d)(4) New Braunfels TX 1,500,000.00 4.450 4.200 0.250 Mar-65 6,695.31 506 492 14 Jan-23 May-25 May-35 A 13 133 12 CJ8162 1 CLC 213 Long Lake MN 1,500,000.00 3.200 2.950 0.250 Sep-63 5,544.09 496 474 22 May-22 Nov-23 Nov-33 A 0 115 0 CL5332 1 CLC 221(d)(4) Baton Rouge LA 1,500,000.00 3.330 3.080 0.250 Aug-64 5,658.92 506 485 21 Jun-22 Oct-24 Oct-34 A 6 126 5 CM4399 1 CLC 221(d)(4) Aurora CO 1,500,000.00 4.280 4.030 0.250 Dec-64 6,532.80 506 489 17 Oct-22 Feb-25 Feb-35 A 10 130 9 CN7599 1 CLC 221(d)(4) Columbia TN 1,500,000.00 4.900 4.650 0.250 May-64 7,133.89 498 482 16 Nov-22 Jul-24 Jul-34 A 3 123 2 CP3651 1 CLC 221(d)(4) Temple TX 1,500,000.00 4.780 4.530 0.250 Dec-64 7,015.77 505 489 16 Nov-22 Feb-25 Feb-35 A 10 130 9 CP7204 1 CLC 221(d)(4) Houston TX 1,500,000.00 4.810 4.560 0.250 Apr-65 7,045.22 511 493 18 Sep-22 Jun-25 Jun-35 A 14 134 13 

CQ7048 1 CLC 221(d)(4) Pasco WA 1,500,000.00 4.920 4.670 0.250 Mar-65 7,153.65 503 492 11 Apr-23 May-25 May-35 A 13 133 12 

CR2277 1 CLC 221(d)(4) Elmendorf TX 1,500,000.00 4.750 4.500 0.250 Feb-65 6,986.37 507 491 16 Nov-22 Apr-25 Apr-35 A 12 132 11 CQ9710 1 PLC 207/223(f) Houston TX 1,487,969.97 5.020 4.770 0.250 Jun-58 7,589.46 420 411 9 Jun-23 Aug-23 Aug-33 A 0 112 0 

AU6244 1 PLC 207/223(f) Warren MI 1,486,069.59 4.840 4.590 0.250 May-58 7,417.94 421 410 11 Apr-23 Jul-23 Jul-33 A 0 111 0 

CQ9707 1 PLC 207/223(f) Austin TX 1,484,761.52 4.875 4.625 0.250 Apr-58 7,451.16 420 409 11 Apr-23 Jun-23 Jun-33 A 0 110 0 CI1026 1 CLC 221(d)(4) Chicago IL 1,400,000.00 2.870 2.620 0.250 Oct-63 4,907.46 502 475 27 Dec-21 Dec-23 Dec-33 A 0 116 0 

CI3543 1 CLC 221(d)(4) Oklahoma City OK 1,350,000.00 2.950 2.700 0.250 Jun-64 4,793.97 508 483 25 Feb-22 Aug-24 Aug-34 A 4 124 3 

BU2237 1 CLC 221(d)(4) Waxahachie TX 1,000,000.00 2.950 2.700 0.250 Dec-63 3,551.09 502 477 25 Feb-22 Feb-24 Feb-34 A 0 118 0 

CI8977 1 CLC 221(d)(4) Frederick MD 1,000,000.00 4.350 4.100 0.250 Jan-64 4,399.66 497 478 19 Aug-22 Mar-24 Mar-34 A 0 119 0 CJ8166 1 CLC 213 Richland Hills TX 1,000,000.00 2.950 2.700 0.250 Dec-63 3,551.09 499 477 22 May-22 Feb-24 Feb-34 A 0 118 0 CL5325 1 CLC 231 Chesapeake VA 1,000,000.00 3.150 2.900 0.250 Jun-64 3,666.83 504 483 21 Jun-22 Aug-24 Aug-34 A 4 124 3 

CL6621 1 CLC 221(d)(4) Waco TX 1,000,000.00 3.890 3.640 0.250 Oct-64 4,111.23 507 487 20 Jul-22 Dec-24 Dec-34 A 8 128 7 

CN7014 1 CLC 221(d)(4) Knightdale NC 1,000,000.00 4.900 4.650 0.250 Apr-65 4,755.92 511 493 18 Sep-22 Jun-25 Jun-35 A 14 134 13 

CJ2561 1 CLC 221(d)(4) West Palm Beach FL 850,000.00 2.700 2.450 0.250 Sep-63 (10) 497 474 23 Apr-22 Nov-23 Nov-33 A 0 115 0 

CM3096 1 CLC 221(d)(4) New Braunfels TX 850,000.00 4.150 3.900 0.250 Aug-64 3,632.18 504 485 19 Aug-22 Oct-24 Oct-34 A 6 126 5 

CC1896 1 CLC 221(d)(4) Foley AL 750,000.00 2.620 2.370 0.250 Apr-64 2,523.26 508 481 27 Dec-21 Jun-24 Jun-34 A 2 122 1 CO3150 1 CLC 221(d)(4) Anderson SC 750,000.00 4.210 3.960 0.250 Aug-64 3,233.20 505 485 20 Jul-22 Oct-24 Oct-34 A 6 126 5 

BN6295 1 CLC 221(d)(4) Palestine TX 500,000.00 2.850 2.600 0.250 Oct-62 1,746.97 500 463 37 Feb-21 Dec-22 Dec-32 B 0 104 0 CF1637 1 CLC 231 Cary NC 500,000.00 2.540 2.290 0.250 Mar-64 1,659.95 506 480 26 Jan-22 May-24 May-34 A 1 121 0 

CH2284 1 CLC 221(d)(4) Waynesville NC 500,000.00 2.870 2.620 0.250 Jun-64 1,752.67 512 483 29 Oct-21 Aug-24 Aug-34 A 4 124 3 CJ1393 1 CLC 232 Lincoln NE 500,000.00 3.330 3.080 0.250 Mar-64 1,886.31 502 480 22 May-22 May-24 May-34 B 1 121 0 

CG9747 1 PLC 221(d)(4) Cape Girardeau MO 499,437.32 2.870 2.570 0.300 Nov-63 1,758.56 477 476 1 Feb-24 N/A Jan-34 H N/A 117 0 CB4924 1 PLC 241(a) Smyrna TN 499,279.36 3.790 3.540 0.250 Oct-54 2,299.81 368 367 1 Feb-24 N/A Oct-32 I N/A 102 0 CN7020 1 PLC 207/223(f) Charleston SC 492,151.10 4.640 4.390 0.250 Nov-57 2,409.82 420 404 16 Nov-22 Jan-23 Jan-33 A 0 105 0 CF1028 1 CLC 221(d)(4) Hagerstown MD 350,000.00 3.850 3.600 0.250 Sep-64 1,430.30 507 486 21 Jun-22 Nov-24 Nov-34 A 7 127 6 CI3486 1 CLC 221(d)(4) Louisville KY 350,000.00 2.800 2.550 0.250 Jun-64 1,212.94 508 483 25 Feb-22 Aug-24 Aug-34 A 4 124 3 

CB0923 1 PLC 221(d)(4) San Antonio TX 349,608.69 3.100 2.850 0.250 Oct-62 1,295.48 464 463 1 Feb-24 N/A Dec-32 J N/A 104 0 

BK2389 1 PLC 231 Woodbridge VA 338,842.58 4.620 4.370 0.250 Jan-61 1,596.69 446 442 4 Nov-23 N/A Mar-31 N N/A 83 0 CF9496 1 CLC 221(d)(4) Clayton NC 280,000.00 2.650 2.400 0.250 Feb-64 946.71 506 479 27 Dec-21 Apr-24 Apr-34 A 0 120 0 

A-1
 
Total

Remaining

FHA Lockout

Insurance Principal and Remaining

Program/ Balance Servicing Monthly Original Remaining Period Prepayment Lockout/ Remaining Prepayment Interest

Section 538 as of the Mortgage and Principal Term to Term to from Lockout Penalty Prepayment Lockout Penalty Only

Pool Security Security Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End End Penalty Period Period Period

Number Group Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† (mos.)(8)† (mos.)(9)

CM8619 1 CLC 221(d)(4) San Marcos TX $ 216,047.00 3.490% 3.240% 0.250% Mar-64 $ 835.65 502 480 22 May-22 May-24 May-32 C 1 97 0 CB5879 1 CLC 213 Puyallup WA 214,060.00 2.990 2.740 0.250 Nov-62 765.07 499 464 35 Apr-21 Jan-23 Jan-33 A 0 105 0 CJ3407 1 CLC 221(d)(4) South Ogden UT 200,000.00 2.850 2.600 0.250 May-64 698.79 507 482 25 Feb-22 Jul-24 Jul-34 A 3 123 2 

CJ2567 1 CLC 221(d)(4) Wichita KS 198,407.00 2.950 2.700 0.250 Aug-63 704.56 498 473 25 Feb-22 Oct-23 Oct-33 A 0 114 0 CL2711 1 PLC 221(d)(4) Sacramento CA 141,616.27 4.000 3.750 0.250 Apr-63 597.52 473 469 4 Nov-23 N/A Jun-33 L N/A 110 0 CF6709 1 PLC 221(d)(4) Fort Worth TX 118,540.00 2.750 2.500 0.250 Jul-63 411.25 472 472 0 Mar-24 N/A Sep-33 K N/A 113 0 CJ8144 1 CLC 221(d)(4) West Valley UT 118,173.00 2.890 2.640 0.250 Jun-64 415.58 509 483 26 Jan-22 Aug-24 Aug-34 A 4 124 3 BW3005 1 PLC 221(d)(4) Conroe TX 102,225.00 2.850 2.600 0.250 Dec-63 358.37 477 477 0 Mar-24 N/A Feb-34 M N/A 118 0 

CJ2541 1 CLC 221(d)(4) Lockhart TX 70,550.00 2.940 2.690 0.250 Oct-63 250.12 501 475 26 Jan-22 Dec-23 Dec-33 A 0 116 0 

CG9742 1 CLC 221(d)(4) Bennington NE 63,333.00 2.850 2.600 0.250 Mar-64 221.28 504 480 24 Mar-22 May-24 May-34 D 1 121 0 CJ8168 1 CLC 221(d)(4) Fort Worth TX 62,227.00 3.170 2.920 0.250 Nov-63 228.90 497 476 21 Jun-22 Jan-24 Jan-34 A 0 117 0 

CG5189 1 CLC 221(d)(4) Killeen TX 27,933.00 2.890 2.640 0.250 Jul-63 98.23 503 472 31 Aug-21 Sep-23 Sep-33 D 0 113 0 CI8983 2 CLC 221(d)(4) New Braunfels TX 1,100,000.00 4.450 4.200 0.250 Mar-65 4,909.89 506 492 14 Jan-23 May-25 May-35 A 13 133 12 CL5332 2 CLC 221(d)(4) Baton Rouge LA 1,075,000.00 3.330 3.080 0.250 Aug-64 4,055.56 506 485 21 Jun-22 Oct-24 Oct-34 A 6 126 5 CI1782 2 CLC 221(d)(4) Salt Lake City UT 1,050,000.00 4.250 4.000 0.250 May-64 4,553.01 502 482 20 Jul-22 Jul-24 Jul-34 A 3 123 2 CT8117 2 PLC 207/223(f) Long Beach CA 996,029.62 5.500 5.250 0.250 Oct-58 5,370.16 421 415 6 Sep-23 Dec-23 Dec-33 A 0 116 0 CQ9712 2 PLC 207/223(f) Dewitt Township MI 995,362.16 5.630 5.380 0.250 Sep-58 5,455.62 420 414 6 Sep-23 Nov-23 Nov-33 A 0 115 0 

CQ8776 2 PLC 207/223(f) New Freedom PA 995,224.60 5.500 5.250 0.250 Sep-58 5,370.16 420 414 6 Sep-23 Nov-23 Nov-33 A 0 115 0 CU4613 2 PLC 207/223(f) Atlanta GA 846,685.40 5.580 5.330 0.250 Oct-58 4,609.28 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 

CL1968 2 CLC 231 Frederick MD 834,244.00 4.370 4.120 0.250 Oct-65 3,681.02 516 499 17 Oct-22 Dec-25 Dec-35 A 20 140 19 

CY1379 2 PLC 232/223(f) Danville IN 700,000.00 5.500 5.250 0.250 Mar-59 3,759.11 421 420 1 Feb-24 May-24 May-34 A 1 121 0 

CN3134 2 CLC 221(d)(4) Lubbock TX 675,000.00 3.930 3.680 0.250 Oct-64 2,791.77 508 487 21 Jun-22 Dec-24 Dec-34 A 8 128 7 CM3800 2 PLC 232/223(f) Mason City IA 674,487.26 5.655 5.405 0.250 Feb-59 3,693.68 420 419 1 Feb-24 Apr-24 Apr-34 D 0 120 0 CR9637 2 PLC 232/223(f) Bakersfield CA 671,869.46 5.630 5.380 0.250 Sep-58 3,682.55 421 414 7 Aug-23 Nov-23 Nov-33 A 0 115 0 CU2412 2 PLC 232/223(f) Crofton MD 656,452.55 5.670 5.420 0.250 Aug-58 3,618.14 420 413 7 Aug-23 Oct-23 Oct-33 A 0 114 0 

CI1780 2 CLC 221(d)(4) Clarksburg MD 600,000.00 4.300 4.050 0.250 Oct-64 2,620.73 502 487 15 Dec-22 Dec-24 Dec-34 A 8 128 7 

CJ1399 2 CLC 221(d)(4) San Antonio TX 600,000.00 4.300 4.050 0.250 May-64 2,620.73 504 482 22 May-22 Jul-24 Jul-34 A 3 123 2 CI3510 2 CLC 221(d)(4) Tacoma WA 514,000.00 2.900 2.650 0.250 Jun-64 1,810.54 508 483 25 Feb-22 Aug-24 Aug-34 A 4 124 3 CJ8162 2 CLC 213 Long Lake MN 500,000.00 3.200 2.950 0.250 Sep-63 1,848.03 496 474 22 May-22 Nov-23 Nov-33 A 0 115 0 CM4399 2 CLC 221(d)(4) Aurora CO 500,000.00 4.280 4.030 0.250 Dec-64 2,177.60 506 489 17 Oct-22 Feb-25 Feb-35 A 10 130 9 

CF6766 2 CLC 221(d)(4) Tulsa OK 325,000.00 2.900 2.650 0.250 Apr-64 1,144.80 505 481 24 Mar-22 Jun-24 Jun-34 A 2 122 1 CP4184 2 CLC 221(d)(4) Irving TX 325,000.00 5.660 5.410 0.250 Aug-64 1,711.78 500 485 15 Dec-22 Oct-24 Oct-34 A 6 126 5 CI1026 2 CLC 221(d)(4) Chicago IL 300,000.00 2.870 2.620 0.250 Oct-63 1,051.60 502 475 27 Dec-21 Dec-23 Dec-33 A 0 116 0 

CI8977 2 CLC 221(d)(4) Frederick MD 275,000.00 4.350 4.100 0.250 Jan-64 1,209.91 497 478 19 Aug-22 Mar-24 Mar-34 A 0 119 0 CU2427 2 PLC 232/223(f) Yellville AR 274,527.09 6.890 6.640 0.250 Dec-58 1,735.69 420 417 3 Dec-23 Feb-24 Feb-34 A 0 118 0 

CL6621 2 CLC 221(d)(4) Waco TX 250,000.00 3.890 3.640 0.250 Oct-64 1,027.81 507 487 20 Jul-22 Dec-24 Dec-34 A 8 128 7 CS6533 2 CLC 221(d)(4) Bridgeville DE 250,000.00 5.480 5.230 0.250 Feb-65 1,286.03 501 491 10 May-23 Apr-25 Apr-35 A 12 132 11 CU2428 2 PLC 232/223(f) North Little Rock AR 249,570.08 6.890 6.640 0.250 Dec-58 1,577.90 420 417 3 Dec-23 Feb-24 Feb-34 A 0 118 0 

CR9640 2 PLC 232/223(f) Lake Havasu City AZ 249,402.16 6.750 6.500 0.250 Oct-58 1,554.46 419 415 4 Nov-23 Dec-23 Dec-33 E 0 116 0 

CM3096 2 CLC 221(d)(4) New Braunfels TX 235,000.00 4.150 3.900 0.250 Aug-64 1,004.19 504 485 19 Aug-22 Oct-24 Oct-34 A 6 126 5 

CC1896 2 CLC 221(d)(4) Foley AL 200,000.00 2.620 2.370 0.250 Apr-64 672.87 508 481 27 Dec-21 Jun-24 Jun-34 A 2 122 1 CZ2393 2 CLC 232/241(a) Kankakee IL 200,000.00 8.000 7.750 0.250 May-55 1,469.51 375 374 1 Feb-24 Sep-25 Sep-35 A 17 137 16 CY8216 2 PLC 232/223(f) Miami FL 199,677.43 7.160 6.910 0.250 Dec-58 1,300.22 420 417 3 Dec-23 Feb-24 Feb-34 E 0 118 0 CU2424 2 PLC 232/223(f) Ripley WV 199,499.54 6.530 6.280 0.250 Nov-58 1,212.43 420 416 4 Nov-23 Jan-24 Jan-34 E 0 117 0 

CJ2561 2 CLC 221(d)(4) West Palm Beach FL 190,000.00 2.700 2.450 0.250 Sep-63 (10) 497 474 23 Apr-22 Nov-23 Nov-33 A 0 115 0 

CW8879 2 PLC 232/223(f) Somers NY 189,572.30 6.980 6.730 0.250 Nov-58 1,211.16 421 416 5 Oct-23 Jan-24 Jan-34 F 0 117 0 

CO3150 2 CLC 221(d)(4) Anderson SC 175,000.00 4.210 3.960 0.250 Aug-64 754.41 505 485 20 Jul-22 Oct-24 Oct-34 A 6 126 5 

CF1637 2 CLC 231 Cary NC 150,000.00 2.540 2.290 0.250 Mar-64 497.98 506 480 26 Jan-22 May-24 May-34 A 1 121 0 

CX6389 2 PLC 232/223(f) Winchester VA 149,818.53 6.650 6.400 0.250 Jan-59 921.73 420 418 2 Jan-24 Mar-24 Mar-34 A 0 119 0 

CR9641 2 PLC 232/223(f) Tucson AZ 149,641.30 6.750 6.500 0.250 Oct-58 932.67 419 415 4 Nov-23 Dec-23 Dec-33 E 0 116 0 BN6295 2 CLC 221(d)(4) Palestine TX 125,000.00 2.850 2.600 0.250 Oct-62 436.74 500 463 37 Feb-21 Dec-22 Dec-32 B 0 104 0 

CH2284 2 CLC 221(d)(4) Waynesville NC 125,000.00 2.870 2.620 0.250 Jun-64 438.17 512 483 29 Oct-21 Aug-24 Aug-34 A 4 124 3 CP0900 2 CLC 538 Gardner KS 125,000.00 5.840 5.470 0.370 Nov-62 (11) 479 464 15 Dec-22 Dec-24 Dec-34 A 8 128 7 

CG9747 2 PLC 221(d)(4) Cape Girardeau MO 124,859.33 2.870 2.570 0.300 Nov-63 439.64 477 476 1 Feb-24 N/A Jan-34 H N/A 117 0 CB4924 2 PLC 241(a) Smyrna TN 124,819.84 3.790 3.540 0.250 Oct-54 574.95 368 367 1 Feb-24 N/A Oct-32 I N/A 102 0 

CS6527 2 PLC 207/223(f) Maplewood NJ 124,433.21 5.730 5.480 0.250 Sep-58 690.22 421 414 7 Aug-23 Nov-23 Nov-33 A 0 115 0 CS3816 2 CLC 241(a) Raleigh NC 105,000.00 6.900 6.650 0.250 Jun-57 678.84 404 399 5 Oct-23 Aug-25 Aug-35 A 16 136 15 CJ1393 2 CLC 232 Lincoln NE 100,000.00 3.330 3.080 0.250 Mar-64 377.26 502 480 22 May-22 May-24 May-34 B 1 121 0 

CF1028 2 CLC 221(d)(4) Hagerstown MD 75,000.00 3.850 3.600 0.250 Sep-64 306.49 507 486 21 Jun-22 Nov-24 Nov-34 A 7 127 6 

A-2
 
Total

Remaining

FHA Lockout

Insurance Principal and Remaining

Program/ Balance Servicing Monthly Original Remaining Period Prepayment Lockout/ Remaining Prepayment Interest

Section 538 as of the Mortgage and Principal Term to Term to from Lockout Penalty Prepayment Lockout Penalty Only

Pool Security Security Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End End Penalty Period Period Period

Number Group Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† (mos.)(8)† (mos.)(9)

CF9496 2 CLC 221(d)(4) Clayton NC $ 75,000.00 2.650% 2.400% 0.250% Feb-64 $ 253.58 506 479 27 Dec-21 Apr-24 Apr-34 A 0 120 0 CI3486 2 CLC 221(d)(4) Louisville KY 75,000.00 2.800 2.550 0.250 Jun-64 259.92 508 483 25 Feb-22 Aug-24 Aug-34 A 4 124 3 

BW3005 2 PLC 221(d)(4) Conroe TX 50,000.00 2.850 2.600 0.250 Dec-63 175.29 477 477 0 Mar-24 N/A Feb-34 M N/A 118 0 

CF6709 2 PLC 221(d)(4) Fort Worth TX 50,000.00 2.750 2.500 0.250 Jul-63 173.47 472 472 0 Mar-24 N/A Sep-33 K N/A 113 0 CJ3407 2 CLC 221(d)(4) South Ogden UT 50,000.00 2.850 2.600 0.250 May-64 174.70 507 482 25 Feb-22 Jul-24 Jul-34 A 3 123 2 

CJ8144 2 CLC 221(d)(4) West Valley UT 50,000.00 2.890 2.640 0.250 Jun-64 175.84 509 483 26 Jan-22 Aug-24 Aug-34 A 4 124 3 

CM8619 2 CLC 221(d)(4) San Marcos TX 50,000.00 3.490 3.240 0.250 Mar-64 193.40 502 480 22 May-22 May-24 May-32 C 1 97 0 CL2711 2 PLC 221(d)(4) Sacramento CA 49,824.88 4.000 3.750 0.250 Apr-63 210.23 473 469 4 Nov-23 N/A Jun-33 L N/A 110 0 

(1)	 Based on publicly available information, including the disclosure documents for the Ginnie Mae Multifamily Certificates, the information with respect to the Mortgage Loans set forth on this

Exhibit A has been collected and summarized by the Sponsor.

(2)	 Certain Mortgage Loans insured under FHA insurance program Section 223(f) cannot be prepaid for a period of five (5) years from the date of endorsement, unless prior written approval

from FHA is obtained, regardless of any applicable lockout period associated with such mortgage loans.

(3)	 The principal and interest amounts shown in this column reflect only those amounts that are due in respect of the portion of each applicable Ginnie Mae Project Loan Certificate that is a

Trust PLC or each Ginnie Mae Construction Loan Certificate that is a Trust CLC. Because Ginnie Mae Construction Loan Certificates are not entitled to receive principal payments, theamounts identified for each Trust CLC are based upon the assumption that the Trust CLC has converted to a Trust PLC.

(4)	 The Lockout End Date is the first month when a Mortgage Loan is no longer subject to any lockout for voluntary prepayments of principal. For purposes of determining the Lockout End

Date in this Exhibit A, the Lockout End Date is based on the lockout period described in the note or other evidence of indebtedness without regard to any applicable statutory prepayment prohibition period.

(5)	 The Prepayment Penalty End Date is the first month when a Mortgage Loan is no longer subject to the payment of any Prepayment Penalties.(6)	 In some circumstances FHA may permit an FHA-insured Mortgage Loan to be refinanced or prepaid without regard to any Lockout or Prepayment Penalty Code.(7)	 The Remaining Lockout Period is the number of months from the Cut-off Date up to but not including the Lockout End Date.(8)	 The Total Remaining Lockout and Prepayment Penalty Period is the number of months from the Cut-off Date up to but not including the later of the Prepayment Penalty End Date

or Lockout End Date.

(9)	 The Remaining Interest Only Period reflects the number of months remaining during which each Ginnie Mae Construction Loan Certificate is expected to remain outstanding, based on the

remaining construction period for the Ginnie Mae Construction Loan Certificate.

(10)	 Pool Number CJ2561 will have monthly principal and interest payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans — Level Payments”

in this Supplement.

(11)	 Pool Number CP0900 will have an amortization schedule providing for level monthly principal and interest payments in the amount of $673.88 for each payment date prior to the related

maturity date, with a balloon payment equal to the remaining unpaid principal balance of the Mortgage Loan plus accrued interest thereon to be due as of its maturity date.

†	 The Lockout End Date, Prepayment Penalty End Date, Remaining Lockout Period and Total Remaining Lockout and Prepayment Penalty Period are based on the Sponsor’s interpretation of

provisions in the related notes. Differing interpretations of these provisions can result in dates and periods that may vary by as much as one month. 

A-3
 
Lockout and Prepayment Penalty Codes:

For each Lockout and Prepayment Penalty Code listed in the table below, lockout up to but not including the Lockout End Date to the extent applicable; from and including the Lockout End Dateor to the extent that the Lockout End Date is N/A, after the Issue Date, the applicable Initial Prepayment Penalty Percentage indicated below will apply to any prepaid amount made during theapplicable Initial Prepayment Penalty Percentage Term indicated below, which is the number of mortgage loan payment dates from and including the Lockout End Date or beyond the Issue Date,as applicable; thereafter, the applicable Subsequent Prepayment Penalty Percentages indicated below will apply to any prepaid amount, where each percentage applies for a period of twelve consecutive mortgage loan payment dates up to but not including the applicable Prepayment Penalty End Date.

Lockout/Prepayment Initial Prepayment Initial Prepayment Subsequent Prepayment

Penalty Code Penalty Percentage Penalty Percentage Term Penalty Percentages

A 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


B 10% 36 7%, 6%, 5%, 4%, 3%, 2%, 1%


C 10% 60 5%, 4%, 3%
 

D 10% 24 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


E 10% 36 3%, 2%, 1%, 1%, 1%, 1%, 1%


F 10% 24 3%, 2%, 1%, 1%, 1%, 1%, 1%, 1%


G 10% 33 7%, 6%, 5%, 4%, 3%, 2%, 1%


H 10% 34 7%, 6%, 5%, 4%, 3%, 2%, 1%


I 10% 7 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

J 10% 9 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

K 10% 5 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

L 10% 6 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

M 10% 10 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

N 8% 3 7%, 6%, 5%, 4%, 3%, 2%, 1% 

A-4
 
Exhibit B

Underlying Certificates

Original

Principal or Principal or

Trust Asset Final Notional Underlying Notional Percentage Ginnie

Group or Issue CUSIP Interest Interest Distribution Principal Balance of Certificate Balance of Class Mae

Subgroup Issuer Series Class Date Number Rate Type(1) Date Type(1) Class Factor(2) in Trust in Trust I or II

3 Ginnie Mae 2023-172 L(4) November 30, 2023 38381JA80 (3) WAC/DLY February 2066 SEQ $ 3,062,568 1.00000000 $ 3,062,568 100.0000000000% I 3 Ginnie Mae 2023-194 LC(4) December 29, 2023 38381JP43 (3) WAC/DLY October 2065 SEQ 5,420,928 1.00000000 3,894,970 71.8506130316% I 3 Ginnie Mae 2023-194 M December 29, 2023 38381JM61 (3) WAC/DLY October 2065 SEQ 2,430,000 1.00000000 684,030 28.1493827160% I 3 Ginnie Mae 2023-194 N December 29, 2023 38381JM79 (3) WAC/DLY October 2065 SEQ 1,476,000 1.00000000 415,485 28.1493902439% I 3 Ginnie Mae 2024-015 M January 30, 2024 38381JZ42 (3) WAC/DLY October 2065 SEQ 2,560,678 1.00000000 2,560,678 100.0000000000% I 3 Ginnie Mae 2024-015 J January 30, 2024 38381JY84 (3) WAC/DLY October 2065 SEQ 2,176,472 1.00000000 68,430 3.1440790417% I 3 Ginnie Mae 2024-029 M February 29, 2024 38381KAB0 (3) WAC/DLY October 2065 SEQ 4,007,073 1.00000000 4,007,073 100.0000000000% I 4A Ginnie Mae 2021-186 AI October 29, 2021 38383CV64 0.132% FIX/IO May 2063 NTL(PT) 529,169,279 0.94427379 499,680,680 100.0000000000% I 4B Ginnie Mae 2021-168 AI September 30, 2021 38381D4E7 0.140 FIX/IO May 2063 NTL(PT) 399,266,069 0.95189546 348,704,644 91.7499999230% I 4C Ginnie Mae 2021-070 AI April 30, 2021 38381DAW0 0.150 FIX/IO April 2063 NTL(PT) 677,653,980 0.80745488 506,574,627 92.5800000466% I 4D Ginnie Mae 2021-219 AI December 30, 2021 38381ENK0 0.190 FIX/IO February 2064 NTL(PT) 481,820,942 0.88553517 426,669,389 100.0000000000% I 4E Ginnie Mae 2021-045 AI March 30, 2021 38380RM56 0.200 FIX/IO April 2063 NTL(PT) 780,511,962 0.90132448 639,652,408 90.9249999425% I 4F Ginnie Mae 2021-132 AI July 30, 2021 38381DYT1 0.210 FIX/IO April 2063 NTL(PT) 442,180,524 0.86908858 163,734,997 42.6066967617% I 4F Ginnie Mae 2021-144 AI August 30, 2021 38381DP79 0.210 FIX/IO April 2063 NTL(PT) 472,944,755 0.85232202 403,101,229 100.0000000000% I 4G Ginnie Mae 2021-208 AI November 30, 2021 38381EHD3 0.252 FIX/IO June 2064 NTL(PT) 366,775,413 0.92176522 338,080,819 100.0000000000% I 4H Ginnie Mae 2021-101 AI June 30, 2021 38381DRW2 0.270 FIX/IO April 2063 NTL(PT) 460,913,425 0.88573901 393,919,461 96.4900000472% I 4I Ginnie Mae 2022-092 CI(4) May 27, 2022 38381HER8 1.250 FIX/IO February 2064 NTL(PT) 50,000,000 0.96727107 5,793,881 11.9798500000% I (1) As defined under “Class Types” in Appendix I to the Multifamily Base Offering Circular.(2) Underlying Certificate Factors are as of March 2024.(3) The Interest Rate will be calculated or described under “Terms Sheet — Interest Rates” in the related Underlying Certificate Disclosure Document.(4) MX Class 

B-1
 
Exhibit C

Updated Exhibits A

C-1
 
Updated Exhibit A

Ginnie Mae REMIC Trust 2021-045

Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans(1)

Principal Total Remaining

FHA Insurance Balance Servicing Monthly Original Remaining Period Lockout/ Remaining Lockout and Remaining

Program/Section as of the Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Prepayment Interest

Pool Security 538 Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Penalty Only Period

Number Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† Period (mos.)(8)† (mos.)(9)

CB3371 PLC 221(d)(4)/223(a)(7) Charlottesville VA $37,635,160.92 2.300% 2.050% 0.250% Mar-61 $125,962.20 481 444 37 Feb-21 May-21 May-31 A 0 85 0 BX6701 PLC 207/223(f)/223(a)(7) Omaha NE 32,734,289.87 2.030 1.780 0.250 Mar-56 115,979.69 420 384 36 Mar-21 May-21 May-31 A 0 85 0 CA3384 PLC 207/223(f) Conroe TX 32,149,699.03 2.200 1.950 0.250 Mar-56 116,697.01 421 384 37 Feb-21 May-21 May-31 A 0 85 0 

BZ7194 PLC 207/223(f) Laredo TX 25,099,777.69 2.460 2.210 0.250 Mar-56 94,495.96 421 384 37 Feb-21 May-21 May-31 A 0 85 0 BZ0150 PLC 207/223(f) Edgewood WA 22,075,624.72 2.200 1.950 0.250 Mar-56 80,130.13 420 384 36 Mar-21 May-21 May-31 B 0 85 0 

CA2659 PLC 232/223(a)(7) Minnetonka MN 20,867,580.64 2.600 2.350 0.250 May-57 78,300.54 435 398 37 Feb-21 Apr-21 Apr-31 A 0 84 0 CB4490 PLC 207/223(f)/223(a)(7) Atlanta GA 19,135,799.03 2.720 2.470 0.250 Feb-56 74,802.53 420 383 37 Feb-21 Apr-21 Apr-31 A 0 84 0 CA5709 PLC 207/223(f) San Jose CA 18,528,521.24 3.680 3.430 0.250 Mar-54 85,074.17 397 360 37 Feb-21 Apr-22 Apr-31 C 0 84 0 

BX7731 PLC 207/223(f) San Antonio TX 18,154,714.09 2.190 1.940 0.250 Mar-56 (10) 420 384 36 Mar-21 May-21 May-31 A 0 85 0 CC3411 PLC 207/223(f) Bradenton FL 18,131,679.25 3.540 3.290 0.250 Apr-54 81,697.43 398 361 37 Feb-21 Apr-22 Apr-31 D 0 84 0 

BZ8178 PLC 207/223(f) Denham Springs LA 17,583,778.43 2.190 1.940 0.250 Apr-56 63,621.02 421 385 36 Mar-21 Jun-21 Jun-31 A 0 86 0 

CB6600 PLC 232/223(f) Freehold NJ 17,483,121.72 2.290 2.040 0.250 Mar-51 72,400.14 360 324 36 Mar-21 May-21 May-31 A 0 85 0 CA2664 PLC 221(d)(4) Corinth TX 17,250,547.14 3.340 3.090 0.250 Jul-59 69,358.55 461 424 37 Feb-21 Apr-22 Apr-31 D 0 84 0 

CB6033 PLC 221(d)(4)/223(a)(7) Fort Collins CO 17,229,522.42 2.780 2.530 0.250 Feb-61 62,176.05 479 443 36 Mar-21 Apr-21 Apr-31 A 0 84 0 

BY8321 PLC 207/223(f)/223(a)(7) San Antonio TX 16,955,951.84 2.250 2.000 0.250 Mar-56 61,983.24 421 384 37 Feb-21 May-21 May-31 A 0 85 0 CC3413 PLC 221(d)(4)/223(a)(7) Belton TX 16,094,107.48 3.560 3.310 0.250 Aug-60 65,768.44 474 437 37 Feb-21 Apr-22 Apr-31 C 0 84 0 BW9034 PLC 232/223(f) White Plains MD 15,789,961.70 2.390 2.140 0.250 Jan-56 59,073.26 419 382 37 Feb-21 Mar-21 Mar-31 A 0 83 0 CC3439 PLC 207/223(f) Albany NY 15,259,838.55 2.500 2.250 0.250 Mar-56 57,771.23 420 384 36 Mar-21 May-21 May-31 A 0 85 0 

BZ0152 PLC 232/223(f) East Islip NY 14,475,643.93 2.280 2.030 0.250 Mar-56 53,140.69 420 384 36 Mar-21 May-21 May-31 A 0 85 0 CB6602 PLC 207/223(f) Macon GA 14,250,769.41 2.240 1.990 0.250 Mar-56 52,020.83 420 384 36 Mar-21 May-21 May-31 A 0 85 0 CA4903 PLC 207/223(f) Novato CA 14,076,464.85 2.840 2.590 0.250 Mar-53 59,413.02 385 348 37 Feb-21 Apr-21 Apr-31 A 0 84 0 

BX1645 PLC 207/223(f) Chicago IL 13,754,290.63 2.190 1.940 0.250 Mar-56 49,854.70 420 384 36 Mar-21 May-21 May-31 A 0 85 0 

BZ7186 PLC 221(d)(4)/223(a)(7) Champaign IL 13,386,846.90 2.790 2.540 0.250 Feb-61 48,438.38 480 443 37 Feb-21 Apr-21 Apr-31 A 0 84 0 

CB9422 PLC 207/223(f) Seattle WA 12,424,811.84 2.140 1.890 0.250 Feb-56 44,798.84 420 383 37 Feb-21 Apr-21 Apr-31 A 0 84 0 

CB0951 PLC 232/223(a)(7) Morton Grove IL 12,172,194.97 3.270 3.020 0.250 Feb-51 56,719.62 360 323 37 Feb-21 Apr-22 Apr-31 D 0 84 0 

CC4257 PLC 232/223(f)/223(a)(7) Yonkers NY 11,814,816.55 2.740 2.490 0.250 Apr-56 46,160.54 421 385 36 Mar-21 Jun-21 Jun-31 A 0 86 0 

CA3344 PLC 207/223(f) Plainfield IN 11,366,953.92 3.650 3.400 0.250 Dec-53 52,240.19 395 357 38 Jan-21 Mar-22 Mar-31 D 0 83 0 BZ7202 PLC 232/223(f)/223(a)(7) Romeo MI 11,359,585.08 3.500 3.250 0.250 Oct-53 51,416.57 392 355 37 Feb-21 Apr-21 Apr-31 E 0 84 0 

BX4632 PLC 207/223(f)/223(a)(7) Victoria TX 10,881,722.74 3.500 3.250 0.250 Jan-56 47,280.45 420 382 38 Jan-21 Sep-21 Mar-31 F 0 83 0 

CB1850 PLC 232/223(f) San Rafael CA 10,294,120.12 2.240 1.990 0.250 Mar-51 42,371.20 360 324 36 Mar-21 N/A May-31 G N/A 85 0 

BW5285 PLC 221(d)(4)/223(a)(7) Hayward CA 9,592,634.20 3.300 3.050 0.250 Mar-60 37,974.37 469 432 37 Feb-21 Apr-22 Apr-31 D 0 84 0 CA5705 PLC 207/223(f) Murfreesboro TN 9,425,836.67 2.820 2.570 0.250 Nov-50 41,939.32 357 320 37 Feb-21 Apr-21 Apr-31 A 0 84 0 

CB6577 PLC 207/223(f)/223(a)(7) Palmdale CA 9,172,198.92 2.170 1.920 0.250 Feb-56 33,212.03 420 383 37 Feb-21 Apr-21 Apr-31 A 0 84 0 

CC1540 PLC 207/223(f)/223(a)(7) Bloomington IL 8,737,904.16 2.330 2.080 0.250 Mar-56 32,303.62 420 384 36 Mar-21 May-21 May-31 A 0 85 0 

CA5691 PLC 207/223(f) Kenosha WI 8,703,642.51 2.950 2.700 0.250 Dec-52 37,449.80 382 345 37 Feb-21 Apr-21 Apr-31 A 0 84 0 

CA2660 PLC 232/223(a)(7) Hopkins MN 8,574,763.86 2.600 2.350 0.250 Sep-47 40,668.34 319 282 37 Feb-21 Apr-21 Apr-31 A 0 84 0 

BZ2067 PLC 232/223(f) Modesto CA 8,122,583.49 2.560 2.310 0.250 Apr-45 41,578.20 292 253 39 Dec-20 Feb-21 Feb-24 H 0 0 0 

BZ7187 PLC 232/223(f)/223(a)(7) Brockton MA 7,968,594.73 3.320 3.070 0.250 Jul-53 35,451.76 390 352 38 Jan-21 Mar-21 Mar-31 B 0 83 0 

CB1563 PLC 232/223(f) Norristown PA 7,912,780.20 2.750 2.500 0.250 Apr-45 41,248.64 290 253 37 Feb-21 Apr-21 Apr-31 A 0 84 0 

CC3431 PLC 221(d)(4)/223(a)(7) Redford MI 7,514,916.13 2.940 2.690 0.250 Mar-61 27,787.05 480 444 36 Mar-21 May-21 May-31 A 0 85 0 CC3438 PLC 221(d)(4)/223(a)(7) Portage MI 7,165,139.52 2.780 2.530 0.250 Mar-61 25,852.80 480 444 36 Mar-21 May-21 May-31 A 0 85 0 BZ7188 PLC 232/223(f)/223(a)(7) Chelsea MA 6,760,977.60 3.320 3.070 0.250 Jul-53 30,079.15 390 352 38 Jan-21 Mar-21 Mar-31 B 0 83 0 

CB1479 CLC 221(d)(4) Odessa TX 5,009,145.00 2.700 2.450 0.250 Apr-63 17,076.83 505 469 36 Mar-21 Jun-23 Jun-33 A 0 110 0 

C-2
 
Principal Total Remaining

FHA Insurance Balance Servicing Monthly Original Remaining Period Lockout/ Remaining Lockout and Remaining

Program/Section as of the Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Prepayment Interest

Pool Security 538 Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Penalty Only Period

Number Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† Period (mos.)(8)† (mos.)(9)

C-3
 

CA5692 PLC 207/223(f)/223(a)(7) Muskegon MI $ 4,833,493.76 2.390% 2.140% 0.250% Mar-56 $ 18,020.16 421 384 37 Feb-21 May-21 May-31 A 0 85 0 CB0702 PLC 207/223(f) Traverse MI 4,570,231.86 2.980 2.730 0.250 Mar-52 20,072.68 373 336 37 Feb-21 Apr-21 Apr-31 A 0 84 0 

CC4253 PLC 207/223(f)/223(a)(7) Cotati CA 4,345,442.63 2.950 2.700 0.250 Mar-56 17,498.59 420 384 36 Mar-21 May-21 May-31 A 0 85 0 

BZ7189 PLC 232/223(f)/223(a)(7) Fall River MA 4,316,043.21 3.320 3.070 0.250 Jul-53 19,201.79 390 352 38 Jan-21 Mar-21 Mar-31 B 0 83 0 

CA5693 PLC 207/223(f)/223(a)(7) Muskegon MI 4,031,055.33 2.390 2.140 0.250 Mar-56 15,028.52 421 384 37 Feb-21 May-21 May-31 A 0 85 0 

CA7642 PLC 241(a) Falmouth ME 3,969,022.50 3.900 3.650 0.250 Oct-48 20,939.39 332 295 37 Feb-21 Apr-22 Apr-31 D 0 84 0 

CA7983 PLC 221(d)(4) Baltimore MD 3,635,604.85 3.320 3.070 0.250 Sep-58 14,761.53 452 414 38 Jan-21 Mar-22 Mar-31 D 0 83 0 

BZ0143 PLC 232/223(f) Mohegan Lake NY 3,381,768.14 3.330 3.080 0.250 Nov-53 14,964.00 394 356 38 Jan-21 Mar-22 Mar-31 D 0 83 0 

CB0701 PLC 207/223(f) Fairfield AL 2,931,596.95 2.980 2.730 0.250 Mar-51 13,181.80 361 324 37 Feb-21 Apr-21 Apr-31 A 0 84 0 

BZ0142 PLC 232/223(f) Lynbrook NY 2,861,170.13 3.330 3.080 0.250 Nov-53 12,660.40 394 356 38 Jan-21 Mar-22 Mar-31 D 0 83 0 

BV7898 PLC 538 Salinas CA 2,825,201.60 3.000 2.400 0.600 Sep-51 12,583.00 367 330 37 Feb-21 Apr-21 Apr-31 A 0 84 0 

BV7897 PLC 538 Riverbank CA 2,410,542.54 3.600 3.100 0.500 Dec-57 10,290.48 442 405 37 Feb-21 Apr-21 Apr-31 E 0 84 0 CA4902 PLC 207/223(f) Obetz OH 2,190,862.65 2.850 2.600 0.250 Dec-53 9,108.70 394 357 37 Feb-21 Apr-21 Apr-31 A 0 84 0 

BI4564 PLC 221(d)(4) Sealy TX 1,871,572.07 3.390 3.140 0.250 Feb-62 7,313.34 471 455 16 Nov-22 N/A Apr-32 I N/A 96 0 

BS8061 PLC 221(d)(4) Cincinnati OH 1,859,499.23 3.220 2.970 0.250 Aug-61 7,130.43 473 449 24 Mar-22 N/A Oct-31 J N/A 90 0 

BD4447 PLC 221(d)(4) Colorado Springs CO 1,821,578.24 4.490 4.240 0.250 Aug-61 8,383.01 473 449 24 Mar-22 N/A Oct-31 J N/A 90 0 

CA2650 PLC 221(d)(4) Kennedale TX 1,790,126.51 2.930 2.680 0.250 Aug-62 6,474.44 473 461 12 Mar-23 N/A Oct-32 J N/A 102 0 

BQ8822 PLC 221(d)(4) Kaufman TX 1,711,671.58 3.680 3.430 0.250 Nov-61 7,004.17 476 452 24 Mar-22 N/A Jan-32 K N/A 93 0 

BY4356 PLC 221(d)(4) Tulsa OK 1,711,027.11 2.990 2.740 0.250 Feb-62 6,290.77 478 455 23 Apr-22 N/A Apr-32 L N/A 96 0 

BY4358 PLC 221(d)(4) Tulsa OK 1,440,952.07 2.990 2.740 0.250 Feb-62 5,297.81 478 455 23 Apr-22 N/A Apr-32 L N/A 96 0 

CB3263 PLC 538 Dixon CA 1,411,820.88 3.300 2.700 0.600 Sep-54 6,123.85 403 366 37 Feb-21 Apr-21 Apr-31 A 0 84 0 

BY8368 PLC 232/223(f) Canoga Park CA 1,277,931.45 2.560 2.310 0.250 Apr-45 6,541.53 293 253 40 Nov-20 Jan-21 Jan-24 H 0 0 0 

BV7899 PLC 538 Dinuba CA 1,263,953.02 3.000 2.400 0.600 Jun-51 5,662.72 364 327 37 Feb-21 Apr-21 Apr-31 A 0 84 0 

CB3264 PLC 538 Lemoore CA 1,083,490.78 3.200 2.600 0.600 Oct-53 4,725.13 392 355 37 Feb-21 Apr-21 Apr-31 A 0 84 0 

BY2790 PLC 221(d)(4) Ruckersville VA 1,074,441.33 2.990 2.740 0.250 Sep-62 3,918.12 477 462 15 Dec-22 N/A Nov-32 M N/A 103 0 

BT1403 PLC 241(a) Las Vegas NV 1,021,213.84 3.930 3.680 0.250 Mar-54 4,834.31 387 360 27 Dec-21 N/A Oct-31 K N/A 90 0 

BW6782 PLC 221(d)(4) Charlotte NC 1,015,636.41 2.990 2.740 0.250 Aug-62 3,707.96 471 461 10 May-23 N/A Oct-32 I N/A 102 0 

BV7896 PLC 538 Augusta KY 921,121.63 3.150 2.550 0.600 Jun-51 4,200.21 364 327 37 Feb-21 Apr-21 Apr-31 A 0 84 0 

BI4550 PLC 221(d)(4) Mont Belvieu TX 678,022.62 4.400 4.150 0.250 Feb-61 3,098.42 471 443 28 Nov-21 N/A Apr-31 I N/A 84 0 

BV0316 CLC 221(d)(4) Suffolk VA 517,194.00 2.890 2.640 0.250 Aug-62 1,818.84 505 461 44 Jul-20 Oct-22 Oct-32 A 0 102 0 

BS8043 PLC 241(a)/232 Toledo OH 464,917.38 3.910 3.660 0.250 May-61 1,978.57 467 446 21 Jun-22 N/A Jul-31 N N/A 87 0 

BT2912 PLC 221(d)(4) Enterprise AL 462,616.02 2.850 2.600 0.250 Sep-62 1,650.27 476 462 14 Jan-23 N/A Nov-32 K N/A 103 0 

BT1396 PLC 221(d)(4) St. Louis MO 339,893.47 3.880 3.630 0.250 Jul-61 (11) 472 448 24 Mar-22 N/A Sep-31 O N/A 89 0 

BV4449 PLC 241(a) Falmouth ME 237,553.89 3.500 3.120 0.380 Dec-53 1,071.80 389 357 32 Jul-21 N/A Jul-31 L N/A 87 0 

BX4642 PLC 221(d)(4) San Antonio TX 93,493.03 2.950 2.700 0.250 Mar-62 341.21 463 456 7 Aug-23 N/A May-32 P N/A 97 0 

BO7721 PLC 241(a) Franklin IN 81,674.94 4.190 3.940 0.250 Aug-50 426.43 335 317 18 Sep-22 N/A May-31 Q N/A 85 0 AQ9294 PLC 221(d)(4) Central LA 7,156.09 3.750 3.460 0.290 Mar-60 30.21 459 432 27 Dec-21 N/A Aug-29 R N/A 64 0 

(1)	 Based on publicly available information, including the disclosure documents for the Ginnie Mae Multifamily Certificates, the information with respect to the Mortgage Loans set forth on this

Exhibit A has been collected and summarized by the Sponsor. Capitalized terms have the meaning ascribed to them in the Offering Circular Supplement to which this updated Exhibit Arefers. 

(2)	 Certain Mortgage Loans insured under FHA insurance program Section 223(f) cannot be prepaid for a period of five (5) years from the date of endorsement, unless prior written approval

from FHA is obtained, regardless of any applicable lockout period associated with such mortgage loans.

(3)	 The principal and interest amounts shown in this column reflect only those amounts that are due in respect of the portion of each applicable Ginnie Mae Project Loan Certificate that is a

Trust PLC or each Ginnie Mae Construction Loan Certificate that is a Trust CLC. Because Ginnie Mae Construction Loan Certificates are not entitled to receive principal payments, theamounts identified for each Trust CLC are based upon the assumption that the Trust CLC has converted to a Trust PLC. 
(4)	 The Lockout End Date is the first month when a Mortgage Loan is no longer subject to any lockout for voluntary prepayments of principal. For purposes of determining the Lockout End

Date in this Exhibit A, the Lockout End Date is based on the lockout period described in the note or other evidence of indebtedness without regard to any applicable statutory prepayment prohibition period.

(5)	 The Prepayment Penalty End Date is the first month when a Mortgage Loan is no longer subject to the payment of any Prepayment Penalties.(6)	 In some circumstances FHA may permit an FHA-insured Mortgage Loan to be refinanced or prepaid without regard to any Lockout or Prepayment Penalty Code.(7)	 The Remaining Lockout Period is the number of months from the Cut-off Date up to but not including the Lockout End Date.(8)	 The Total Remaining Lockout and Prepayment Penalty Period is the number of months from the Cut-off Date up to but not including the later of the Prepayment Penalty End Date

or Lockout End Date.

(9)	 The Remaining Interest Only Period reflects the number of months remaining during which each Ginnie Mae Construction Loan Certificate is expected to remain outstanding, based on the

remaining construction period for the Ginnie Mae Construction Loan Certificate.

(10)	 Pool Number BX7731 will have monthly principal and interest payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans — Level Payments” in this Supplement.

(11)	 Pool Number BT1396, a Ginnie Mae Project Loan Certificate, converted from Pool Number BT1395, a Ginnie Mae Construction Loan Certificate, will have monthly principal and interest

payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans — Level Payments” in this Supplement. 

†	 The Lockout End Date, Prepayment Penalty End Date, Remaining Lockout Period and Total Remaining Lockout and Prepayment Penalty Period are based on the Sponsor’s interpretation of

provisions in the related notes. Differing interpretations of these provisions can result in dates and periods that may vary by as much as one month. 

C-4
 
Lockout and Prepayment Penalty Codes:

For each Lockout and Prepayment Penalty Code listed in the table below, lockout up to but not including the Lockout End Date to the extent applicable; from and including the Lockout End Dateor to the extent that the Lockout End Date is N/A, after the Issue Date, the applicable Initial Prepayment Penalty Percentage indicated below will apply to any prepaid amount made during theapplicable Initial Prepayment Penalty Percentage Term indicated below, which is the number of mortgage loan payment dates from and including the Lockout End Date or beyond the Issue Date,as applicable; thereafter, the applicable Subsequent Prepayment Penalty Percentages indicated below will apply to any prepaid amount, where each percentage applies for a period of twelve consecutive mortgage loan payment dates up to but not including the applicable Prepayment Penalty End Date.

Lockout/Prepayment Initial Prepayment Initial Prepayment Subsequent Prepayment

Penalty Code Penalty Percentage Penalty Percentage Term Penalty Percentages

A 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


B 10% 24 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


C 10% 24 8%, 7%, 6%, 5%, 4%, 3%, 2%


D 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%


E 10% 36 7%, 6%, 5%, 4%, 3%, 2%, 1%


F 10% 18 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%


G 10% 13 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


H 10% 12 2%, 1%
 

I 10% 4 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

J 10% 6 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

K 10% 9 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

L 10% 11 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

M 10% 10 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

N 9% 12 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

O 10% 5 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

P 9% 8 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

Q 9% 7 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

R 8% 7 7%, 6%, 5%, 4%, 3%, 2%, 1% 

C-5
 
Updated Exhibit

A

Ginnie Mae REMIC Trust 2021-070

Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans(1)

Principal Total Remaining

FHA Insurance Balance Servicing Monthly Original Remaining Period Lockout/ Remaining Lockout and Remaining

Program/Section as of the Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Prepayment Interest

Pool Security 538 Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Penalty Only Period

Number Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† Period (mos.)(8)† (mos.)(9)

CC4975 PLC 207/223(f) Los Angeles CA $29,239,923.54 3.030% 2.780% 0.250% Sep-53 $125,039.24 390 354 36 Mar-21 May-21 May-31 A 0 85 0 

CB3372 PLC 207/223(f)/223(a)(7) Dearborn MI 28,840,307.82 2.120 1.870 0.250 Mar-56 103,503.00 420 384 36 Mar-21 May-21 May-31 B 0 85 0 

CA4906 PLC 207/223(f) Columbus GA 28,789,762.98 3.020 2.770 0.250 Jan-54 122,107.74 394 358 36 Mar-21 May-21 May-31 B 0 85 0 CB6594 PLC 232/223(f) Laurel MD 28,655,987.20 2.290 2.040 0.250 Mar-51 118,668.59 360 324 36 Mar-21 May-21 May-31 B 0 85 0 

CC3421 PLC 207/223(f) Houma LA 21,451,775.73 2.330 2.080 0.250 Apr-56 79,167.51 420 385 35 Apr-21 Jun-21 Jun-31 B 0 86 0 

CB4921 PLC 221(d)(4)/223(a)(7) Chandler AZ 20,433,343.73 2.990 2.740 0.250 Mar-61 76,130.12 480 444 36 Mar-21 May-21 May-31 C 0 85 0 

CB4909 PLC 207/223(f) La Palma CA 19,887,739.20 3.380 3.130 0.250 Nov-53 88,549.62 392 356 36 Mar-21 May-22 May-31 D 0 85 0 

CA3408 PLC 207/223(f) Brooklyn NY 18,852,591.60 2.180 1.930 0.250 Apr-56 68,115.00 421 385 36 Mar-21 Jun-21 Jun-31 B 0 86 0 BX7735 PLC 207/223(f)/223(a)(7) New Orleans LA 18,492,989.24 2.110 1.860 0.250 Apr-56 66,153.32 420 385 35 Apr-21 Jun-21 Jun-31 B 0 86 0 

CB5875 PLC 207/223(f) Carrollton TX 18,473,179.46 2.210 1.960 0.250 Apr-56 67,028.94 420 385 35 Apr-21 Jun-21 Jun-31 B 0 86 0 

CB3370 PLC 207/223(f) Howell MI 18,155,925.92 2.160 1.910 0.250 Mar-56 65,529.87 420 384 36 Mar-21 May-21 May-31 B 0 85 0 

CC1556 PLC 221(d)(4)/223(a)(7) Belton TX 16,759,517.69 3.000 2.750 0.250 Dec-59 63,735.10 465 429 36 Mar-21 Jun-21 Jun-31 E 0 86 0 

CC4272 PLC 232/223(a)(7) Roslyn Heights NY 15,076,797.08 2.540 2.290 0.250 Apr-51 64,208.78 360 325 35 Apr-21 Jun-21 Jun-31 B 0 86 0 

CB4904 PLC 207/223(f) Hudson MA 14,775,512.06 2.150 1.900 0.250 Apr-56 53,157.18 421 385 36 Mar-21 Jun-21 Jun-31 B 0 86 0 

CD1596 PLC 207/223(f)/223(a)(7) Hialeah FL 14,181,061.47 2.240 1.990 0.250 Apr-56 51,674.37 420 385 35 Apr-21 Jun-21 Jun-31 B 0 86 0 

CC4988 PLC 221(d)(4)/223(a)(7) Abingdon MD 12,804,234.45 3.000 2.750 0.250 Apr-61 47,719.50 480 445 35 Apr-21 Jun-21 Jun-31 A 0 86 0 

CB1571 PLC 232/223(f)/223(a)(7) West Haven CT 12,665,107.25 2.470 2.220 0.250 Mar-56 47,748.24 420 384 36 Mar-21 May-21 May-31 B 0 85 0 

CC4995 PLC 207/223(f) Bossier City LA 12,245,752.08 2.480 2.230 0.250 Sep-51 51,226.47 365 330 35 Apr-21 Jun-21 Jun-31 B 0 86 0 

CB5871 PLC 232/223(a)(7) Minneapolis MN 10,489,021.56 2.790 2.540 0.250 Mar-54 43,043.07 396 360 36 Mar-21 May-21 May-31 B 0 85 0 

CC9260 PLC 207/223(f) Santa Cruz CA 10,320,797.26 2.250 2.000 0.250 Apr-56 37,661.20 421 385 36 Mar-21 Jun-21 Jun-31 B 0 86 0 

CC4978 PLC 207/223(f) Washington DC 9,552,129.81 2.930 2.680 0.250 Sep-54 39,504.30 402 366 36 Mar-21 May-21 May-31 B 0 85 0 

CA5709 PLC 207/223(f) San Jose CA 8,410,883.56 3.680 3.430 0.250 Mar-54 38,618.78 397 360 37 Feb-21 Apr-22 Apr-31 F 0 84 0 CA3483 PLC 232 McHenry IL 8,308,873.84 3.000 2.700 0.300 Sep-57 32,789.76 438 402 36 Mar-21 May-21 May-31 B 0 85 0 

CA5707 PLC 232/223(f) Boise ID 7,919,997.17 3.100 2.830 0.270 Jan-52 35,424.54 370 334 36 Mar-21 May-21 May-31 B 0 85 0 

BZ7186 PLC 221(d)(4)/223(a)(7) Champaign IL 7,790,762.41 2.790 2.540 0.250 Feb-61 28,189.75 480 443 37 Feb-21 Apr-21 Apr-31 B 0 84 0 

BW5285 PLC 221(d)(4)/223(a)(7) Hayward CA 7,674,107.36 3.300 3.050 0.250 Mar-60 30,379.50 469 432 37 Feb-21 Apr-22 Apr-31 D 0 84 0 

CC1563 PLC 232/223(f) Peoria IL 7,507,249.97 3.110 2.860 0.250 Aug-54 31,832.04 401 365 36 Mar-21 Jun-21 Jun-31 E 0 86 0 CC4973 PLC 207/223(f)/223(a)(7) Tustin CA 7,108,978.78 3.050 2.800 0.250 Jan-52 31,607.30 370 334 36 Mar-21 May-21 May-31 A 0 85 0 CB6033 PLC 221(d)(4)/223(a)(7) Fort Collins CO 7,036,755.20 2.780 2.530 0.250 Feb-61 25,393.49 479 443 36 Mar-21 Apr-21 Apr-31 B 0 84 0 

CC2321 PLC 232/223(f) Valley Park MO 6,993,844.42 2.900 2.650 0.250 Jul-47 34,403.84 316 280 36 Mar-21 May-21 May-31 A 0 85 0 CC4265 PLC 232/223(f) Great Falls MT 6,982,786.53 2.790 2.540 0.250 Apr-56 27,469.48 420 385 35 Apr-21 Jun-21 Jun-26 G 0 26 0 

BX7734 PLC 221(d)(4) Coon Rapids MN 6,375,522.47 2.620 2.370 0.250 Jan-60 (10) 466 430 36 Mar-21 May-21 May-31 B 0 85 0 

CA5639 PLC 221(d)(4)/223(a)(7) Missoula MT 6,296,820.01 2.790 2.540 0.250 Apr-61 22,725.56 481 445 36 Mar-21 Jun-21 Jun-31 A 0 86 0 CC4249 PLC 232/223(a)(7) Bronx NY 6,012,615.63 3.300 3.050 0.250 Dec-37 45,379.76 201 165 36 Mar-21 May-21 May-31 C 0 85 0 

BY8358 PLC 207/223(f) Austin TX 4,877,698.98 2.200 1.950 0.250 Apr-51 19,934.29 361 325 36 Mar-21 Jun-21 Jun-31 B 0 86 0 BZ7202 PLC 232/223(f)/223(a)(7) Romeo MI 4,866,635.57 3.500 3.250 0.250 Oct-53 22,027.72 392 355 37 Feb-21 Apr-21 Apr-31 C 0 84 0 

CB3373 PLC 221(d)(4)/223(a)(7) Waukesha WI 4,852,746.75 2.190 1.940 0.250 Mar-61 15,958.76 480 444 36 Mar-21 May-21 May-31 B 0 85 0 

CB4914 PLC 221(d)(4) Nashville TN 4,805,564.35 3.380 3.130 0.250 Apr-60 19,222.72 469 433 36 Mar-21 May-22 May-31 D 0 85 0 

CA2664 PLC 221(d)(4) Corinth TX 4,791,818.65 3.340 3.090 0.250 Jul-59 19,266.27 461 424 37 Feb-21 Apr-22 Apr-31 D 0 84 0 BT2928 PLC 221(d)(4) New Orleans LA 4,313,873.55 2.850 2.600 0.250 Nov-62 15,352.22 479 464 15 Dec-22 Jan-23 Jan-33 B 0 105 0 

CA4903 PLC 207/223(f) Novato CA 4,308,653.86 2.840 2.590 0.250 Mar-53 18,185.69 385 348 37 Feb-21 Apr-21 Apr-31 B 0 84 0 

CB0708 PLC 232/223(a)(7) Byron Center MI 4,041,937.34 2.260 2.010 0.250 May-44 20,811.96 278 242 36 Mar-21 May-21 May-31 B 0 85 0 

AT8541 PLC 207/223(f) Farmington Hills MI 3,766,308.60 2.240 1.990 0.250 Mar-56 13,748.48 420 384 36 Mar-21 May-21 May-31 B 0 85 0 

BR3540 PLC 221(d)(4) Katy TX 3,381,376.31 3.730 3.480 0.250 Apr-62 13,868.29 470 457 13 Feb-23 N/A Jun-32 H N/A 98 0 

CB3267 PLC 538 Grove City PA 3,225,335.00 3.750 3.250 0.500 Oct-55 14,533.83 415 379 36 Mar-21 May-22 May-31 D 0 85 0 

CA0641 PLC 207/223(f) Grand Rapids MI 2,817,051.19 2.350 2.100 0.250 Apr-56 (10) 421 385 36 Mar-21 Jun-21 Jun-31 B 0 86 0 

CB0707 PLC 232/223(f) Saginaw MI 2,636,220.65 2.180 1.930 0.250 Dec-46 12,256.77 309 273 36 Mar-21 May-21 May-31 B 0 85 0 

CB3269 PLC 538 Winters CA 2,083,655.74 3.000 2.400 0.600 Apr-52 9,156.28 373 337 36 Mar-21 May-21 May-31 A 0 85 0 

BI4564 PLC 221(d)(4) Sealy TX 1,880,790.16 3.390 3.140 0.250 Feb-62 7,349.36 471 455 16 Nov-22 N/A Apr-32 I N/A 96 0 

BV0316 CLC 221(d)(4) Suffolk VA 1,845,814.00 2.890 2.640 0.250 Aug-62 6,491.25 505 461 44 Jul-20 Oct-22 Oct-32 B 0 102 0 

BP4753 PLC 221(d)(4) North Little Rock AR 1,683,581.41 4.050 3.800 0.250 Mar-62 7,239.52 460 456 4 Nov-23 N/A May-32 J N/A 97 0 CB3270 PLC 538 Douglas AZ 1,480,040.15 3.540 2.940 0.600 Jul-56 6,410.28 424 388 36 Mar-21 May-22 May-31 D 0 85 0 CA3339 PLC 221(d)(4) Commerce City CO 1,440,873.15 2.880 2.630 0.250 Nov-62 5,152.21 477 464 13 Feb-23 N/A Jan-33 K N/A 105 0 

BD4447 PLC 221(d)(4) Colorado Springs CO 1,350,791.37 4.490 4.240 0.250 Aug-61 6,216.42 473 449 24 Mar-22 N/A Oct-31 L N/A 90 0 

C-6
 
Principal Total Remaining

FHA Insurance Balance Servicing Monthly Original Remaining Period Lockout/ Remaining Lockout and Remaining

Program/Section as of the Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Prepayment Interest

Pool Security 538 Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Penalty Only Period

Number Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† Period (mos.)(8)† (mos.)(9)

CA2667 PLC 213/223(a)(7) Le Sueur MN $ 1,193,281.28 2.240% 1.990% 0.250% Sep-50 $ 4,979.13 354 318 36 Mar-21 May-21 May-31 B 0 85 0 CB3266 PLC 538 Princess Anne MD 1,172,663.76 3.550 2.950 0.600 Dec-53 5,323.56 393 357 36 Mar-21 May-21 May-31 C 0 85 0 

CB3268 PLC 538 Waterford CA 1,002,017.50 3.230 2.630 0.600 Mar-52 4,535.05 372 336 36 Mar-21 May-21 May-31 A 0 85 0 

BW6782 PLC 221(d)(4) Charlotte NC 913,648.62 2.990 2.740 0.250 Aug-62 3,335.62 471 461 10 May-23 N/A Oct-32 I N/A 102 0 

BS8043 PLC 241(a)/232 Toledo OH 830,077.22 3.910 3.660 0.250 May-61 3,532.60 467 446 21 Jun-22 N/A Jul-31 M N/A 87 0 

BY2790 PLC 221(d)(4) Ruckersville VA 636,626.33 2.990 2.740 0.250 Sep-62 2,321.56 477 462 15 Dec-22 N/A Nov-32 K N/A 103 0 

BY4296 PLC 221(d)(4) Durham NC 604,183.95 2.640 2.390 0.250 Jan-62 2,105.59 472 454 18 Sep-22 N/A Mar-32 N N/A 95 0 

CB3273 PLC 538/515 Loyalton CA 528,877.29 3.250 2.420 0.830 Feb-61 2,048.98 479 443 36 Mar-21 May-21 May-31 A 0 85 0 

BI4550 PLC 221(d)(4) Mont Belvieu TX 270,687.95 4.400 4.150 0.250 Feb-61 1,236.99 471 443 28 Nov-21 N/A Apr-31 I N/A 84 0 BN0021 PLC 221(d)(4) Riviera Beach FL 217,066.26 3.690 3.390 0.300 Jul-61 893.21 467 448 19 Aug-22 N/A Sep-31 M N/A 89 0 

CB1479 CLC 221(d)(4) Odessa TX 212,336.00 2.700 2.450 0.250 Apr-63 723.88 505 469 36 Mar-21 Jun-23 Jun-33 B 0 110 0 CB6602 PLC 207/223(f) Macon GA 202,439.08 2.240 1.990 0.250 Mar-56 738.98 420 384 36 Mar-21 May-21 May-31 B 0 85 0 

CA2650 PLC 221(d)(4) Kennedale TX 176,293.10 2.930 2.680 0.250 Aug-62 637.61 473 461 12 Mar-23 N/A Oct-32 L N/A 102 0 BX4642 PLC 221(d)(4) San Antonio TX 86,231.99 2.950 2.700 0.250 Mar-62 314.71 463 456 7 Aug-23 N/A May-32 O N/A 97 0 

BO7721 PLC 241(a) Franklin IN 78,737.42 4.190 3.940 0.250 Aug-50 411.09 335 317 18 Sep-22 N/A May-31 P N/A 85 0 

BX1645 PLC 207/223(f) Chicago IL 50,816.34 2.190 1.940 0.250 Mar-56 184.19 420 384 36 Mar-21 May-21 May-31 B 0 85 0 

CC3431 PLC 221(d)(4)/223(a)(7) Redford MI 25,984.26 2.940 2.690 0.250 Mar-61 96.08 480 444 36 Mar-21 May-21 May-31 B 0 85 0 

(1)	 Based on publicly available information, including the disclosure documents for the Ginnie Mae Multifamily Certificates, the information with respect to the Mortgage Loans set forth on this

Exhibit A has been collected and summarized by the Sponsor. Capitalized terms have the meaning ascribed to them in the Offering Circular Supplement to which this updated Exhibit Arefers. 

(2)	 Certain Mortgage Loans insured under FHA insurance program Section 223(f) cannot be prepaid for a period of five (5) years from the date of endorsement, unless prior written approval

from FHA is obtained, regardless of any applicable lockout period associated with such mortgage loans.

(3)	 The principal and interest amounts shown in this column reflect only those amounts that are due in respect of the portion of each applicable Ginnie Mae Project Loan Certificate that is a

Trust PLC or each Ginnie Mae Construction Loan Certificate that is a Trust CLC. Because Ginnie Mae Construction Loan Certificates are not entitled to receive principal payments, theamounts identified for each Trust CLC are based upon the assumption that the Trust CLC has converted to a Trust PLC.

(4)	 The Lockout End Date is the first month when a Mortgage Loan is no longer subject to any lockout for voluntary prepayments of principal. For purposes of determining the Lockout End

Date in this Exhibit A, the Lockout End Date is based on the lockout period described in the note or other evidence of indebtedness without regard to any applicable statutory prepayment prohibition period.

(5)	 The Prepayment Penalty End Date is the first month when a Mortgage Loan is no longer subject to the payment of any Prepayment Penalties.(6)	 In some circumstances FHA may permit an FHA-insured Mortgage Loan to be refinanced or prepaid without regard to any Lockout or Prepayment Penalty Code.(7)	 The Remaining Lockout Period is the number of months from the Cut-off Date up to but not including the Lockout End Date.(8)	 The Total Remaining Lockout and Prepayment Penalty Period is the number of months from the Cut-off Date up to but not including the later of the Prepayment Penalty End Date

or Lockout End Date.

(9)	 The Remaining Interest Only Period reflects the number of months remaining during which each Ginnie Mae Construction Loan Certificate is expected to remain outstanding, based on the

remaining construction period for the Ginnie Mae Construction Loan Certificate.

(10)	 Pool Numbers BX7734 and CA0641 will have monthly principal and interest payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage

Loans — Level Payments” in this Supplement.

†	 The Lockout End Date, Prepayment Penalty End Date, Remaining Lockout Period and Total Remaining Lockout and Prepayment Penalty Period are based on the Sponsor’s interpretation of

provisions in the related notes. Differing interpretations of these provisions can result in dates and periods that may vary by as much as one month. 

C-7
 
Lockout and Prepayment Penalty Codes:

For each Lockout and Prepayment Penalty Code listed in the table below, lockout up to but not including the Lockout End Date to the extent applicable; from and including the Lockout End Dateor to the extent that the Lockout End Date is N/A, after the Issue Date, the applicable Initial Prepayment Penalty Percentage indicated below will apply to any prepaid amount made during theapplicable Initial Prepayment Penalty Percentage Term indicated below, which is the number of mortgage loan payment dates from and including the Lockout End Date or beyond the Issue Date,as applicable; thereafter, the applicable Subsequent Prepayment Penalty Percentages indicated below will apply to any prepaid amount, where each percentage applies for a period of twelve consecutive mortgage loan payment dates up to but not including the applicable Prepayment Penalty End Date.

Lockout/Prepayment Initial Prepayment Initial Prepayment Subsequent Prepayment

Penalty Code Penalty Percentage Penalty Percentage Term Penalty Percentages

A 10% 24 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


B 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


C 10% 36 7%, 6%, 5%, 4%, 3%, 2%, 1%


D 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%


E 10% 24 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%


F 10% 24 8%, 7%, 6%, 5%, 4%, 3%, 2%


G 10% 24 2%, 2%, 1%
 

H 10% 3 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


I 10% 4 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

J 9% 5 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

K 10% 10 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

L 10% 6 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

M 9% 12 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

N 10% 5 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

O 9% 8 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

P 9% 7 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1% 

C-8
 
Updated Exhibit

A

Ginnie Mae REMIC Trust 2021-101

Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans(1)

Principal Total Remaining

FHA Insurance Balance Servicing Monthly Original Remaining Period Lockout/ Remaining Lockout and Remaining

Program/Section as of the Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Prepayment Interest

Pool Security 538 Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Penalty Only Period

Number Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† Period (mos.)(8)† (mos.)(9)

CC3148 PLC 207/223(f) St. Louis MO $22,002,359.62 2.630% 2.380% 0.250% Jun-56 $84,391.44 421 387 34 May-21 Aug-21 Aug-31 A 0 88 0 

CB5950 PLC 207/223(f) Herndon VA 21,678,184.30 2.330 2.080 0.250 Jun-56 79,725.02 421 387 34 May-21 Aug-21 Aug-31 A 0 88 0 

CD9546 PLC 232/223(f) White Settlement TX 19,303,790.30 2.760 2.510 0.250 May-56 75,505.45 420 386 34 May-21 Jul-21 Jul-31 A 0 87 0 

CD0879 PLC 221(d)(4)/223(a)(7) Oklahoma City OK 19,249,679.60 2.950 2.700 0.250 Jun-61 71,021.77 480 447 33 Jun-21 Aug-21 Aug-31 A 0 88 0 

CD9549 PLC 232/223(f) Escondido CA 19,106,159.67 2.700 2.450 0.250 Jun-56 73,997.15 420 387 33 Jun-21 Aug-21 Aug-31 A 0 88 0 CB9441 PLC 207/223(f) Westlake OH 18,955,996.40 2.550 2.300 0.250 Apr-56 72,142.69 419 385 34 May-21 Jun-21 Jun-31 A 0 86 0 

CC8498 PLC 207/223(f) Detroit MI 18,583,689.63 2.400 2.150 0.250 Jun-56 69,022.93 421 387 34 May-21 Aug-21 Aug-31 A 0 88 0 

CD1261 PLC 207/223(f) Prattville AL 17,437,928.08 2.270 2.020 0.250 Jun-56 63,588.02 421 387 34 May-21 Aug-21 Aug-31 A 0 88 0 

CB5954 PLC 232/223(a)(7) Chelsea MA 16,888,507.17 2.750 2.500 0.250 Jun-61 60,420.47 480 447 33 Jun-21 Aug-21 Aug-31 A 0 88 0 

CD4196 PLC 207/223(f) Chubbuck ID 16,400,815.25 2.410 2.160 0.250 Jun-56 61,001.18 421 387 34 May-21 Aug-21 Aug-31 A 0 88 0 

CD1243 PLC 207/223(f)/223(a)(7) Baltimore MD 15,483,672.75 3.070 2.820 0.250 May-56 63,174.70 420 386 34 May-21 Jul-21 Jul-31 A 0 87 0 

CC7499 PLC 232/223(f) Coopersburg PA 14,098,717.97 2.980 2.730 0.250 Sep-41 86,238.83 244 210 34 May-21 Jul-21 Jul-31 A 0 87 0 

CC7500 PLC 232/223(a)(7) Monument CO 13,089,536.73 3.150 2.900 0.250 Jan-59 51,612.41 452 418 34 May-21 Jul-21 Jul-31 B 0 87 0 

CB6041 PLC 207/223(f) Indianapolis IN 11,883,625.25 2.670 2.420 0.250 Jun-56 45,833.96 420 387 33 Jun-21 Aug-21 Aug-31 A 0 88 0 

CD3315 PLC 241(a) Cutler Bay FL 11,573,955.77 2.930 2.680 0.250 Nov-51 50,919.91 336 332 4 Nov-23 N/A Feb-33 C N/A 106 0 

CD4200 PLC 232/223(f) Peoria IL 8,899,451.11 2.540 2.290 0.250 Jun-56 33,709.32 420 387 33 Jun-21 Aug-21 Aug-31 A 0 88 0 

CD9543 PLC 232/223(f)/223(a)(7) Redding CA 7,975,215.86 3.330 3.080 0.250 May-56 33,691.58 420 386 34 May-21 Jul-21 Jul-31 A 0 87 0 

CC2603 PLC 207/223(f)/223(a)(7) Atlanta GA 7,860,374.70 2.630 2.380 0.250 Jun-56 30,148.97 420 387 33 Jun-21 Aug-21 Aug-31 A 0 88 0 

BW2997 PLC 207/223(f) Baton Rouge LA 7,040,546.41 2.580 2.330 0.250 Jul-56 26,773.01 421 388 33 Jun-21 Sep-21 Sep-31 A 0 89 0 

CD1616 PLC 232/223(f)/223(a)(7) Lancaster OH 6,494,607.15 2.940 2.690 0.250 May-56 26,036.12 420 386 34 May-21 Jul-21 Jul-31 A 0 87 0 

BW3086 PLC 221(d)(4)/223(a)(7) Jessup MD 6,171,737.48 3.210 2.925 0.285 Feb-60 24,143.55 466 431 35 Apr-21 Jun-21 Jun-31 B 0 86 0 

CD9544 PLC 232/223(f)/223(a)(7) Redding CA 6,112,886.91 3.330 3.080 0.250 May-56 25,824.10 420 386 34 May-21 Jul-21 Jul-31 A 0 87 0 

CD1612 PLC 232/223(f)/223(a)(7) Canal Winchester OH 6,029,055.08 2.940 2.690 0.250 May-56 24,169.77 420 386 34 May-21 Jul-21 Jul-31 A 0 87 0 

CD9532 PLC 232/223(f)/223(a)(7) Kent OH 5,974,109.90 2.940 2.690 0.250 May-54 24,908.13 396 362 34 May-21 Jul-21 Jul-31 A 0 87 0 

CD6852 PLC 207/223(f) Columbia SC 5,792,958.45 2.560 2.310 0.250 Jun-56 22,003.87 420 387 33 Jun-21 Aug-21 Aug-31 A 0 88 0 

CD9531 PLC 232/223(f)/223(a)(7) Canton OH 5,618,344.66 2.940 2.690 0.250 Nov-55 22,737.26 414 380 34 May-21 Jul-21 Jul-31 A 0 87 0 

CD9530 PLC 232/223(a)(7) Navarre OH 5,455,168.21 2.940 2.690 0.250 May-44 29,907.92 276 242 34 May-21 Jul-21 Jul-31 A 0 87 0 

CD1259 PLC 207/223(f)/223(a)(7) Port Huron MI 4,466,844.00 2.500 2.250 0.250 Jun-56 16,825.15 420 387 33 Jun-21 Aug-21 Aug-31 A 0 88 0 

CD1610 PLC 232/223(a)(7) Alliance OH 4,377,913.19 2.940 2.690 0.250 Nov-45 22,786.56 294 260 34 May-21 Jul-21 Jul-31 A 0 87 0 

CD1617 PLC 232/223(f)/223(a)(7) Louisville OH 4,353,811.48 2.940 2.690 0.250 Jul-47 21,506.11 314 280 34 May-21 Jul-21 Jul-31 A 0 87 0 

CD1614 PLC 232/223(f)/223(a)(7) Cuyahoga Falls OH 4,195,197.46 3.080 2.830 0.250 May-47 21,127.92 312 278 34 May-21 Jul-21 Jul-31 D 0 87 0 

CB5889 PLC 207/223(f)/223(a)(7) Northfield MN 4,066,996.68 3.080 2.830 0.250 Mar-52 18,079.12 370 336 34 May-21 Jul-21 Jul-31 A 0 87 0 

CD1619 PLC 232/223(f)/223(a)(7) Mayfield Village OH 3,975,584.81 2.980 2.730 0.250 Nov-54 16,493.68 402 368 34 May-21 Jul-21 Jul-31 A 0 87 0 

CD1611 PLC 232/223(f)/223(a)(7) Big Rapids MI 2,841,818.57 3.080 2.830 0.250 Nov-47 14,104.88 318 284 34 May-21 Jul-21 Jul-31 A 0 87 0 CD1615 PLC 232/223(f)/223(a)(7) Hartville OH 2,719,517.43 2.940 2.690 0.250 May-46 13,926.55 300 266 34 May-21 Jul-21 Jul-31 A 0 87 0 BV0316 CLC 221(d)(4) Suffolk VA 2,624,516.00 2.890 2.640 0.250 Aug-62 9,229.74 505 461 44 Jul-20 Oct-22 Oct-32 A 0 102 0 

CD0835 PLC 207/223(f) Mt. Morris Township MI 2,555,419.89 2.600 2.350 0.250 Jan-47 12,376.85 308 274 34 May-21 Jul-22 Jul-31 E 0 87 0 CD1618 PLC 232/223(f)/223(a)(7) Millersburg OH 2,442,440.87 2.940 2.690 0.250 May-51 10,886.95 360 326 34 May-21 Jul-21 Jul-31 A 0 87 0 CA3339 PLC 221(d)(4) Commerce City CO 2,264,658.78 2.880 2.630 0.250 Nov-62 8,097.86 477 464 13 Feb-23 N/A Jan-33 F N/A 105 0 

BW6782 PLC 221(d)(4) Charlotte NC 2,146,828.48 2.990 2.740 0.250 Aug-62 7,837.80 471 461 10 May-23 N/A Oct-32 G N/A 102 0 BR3540 PLC 221(d)(4) Katy TX 1,887,738.33 3.730 3.480 0.250 Apr-62 7,742.32 470 457 13 Feb-23 N/A Jun-32 H N/A 98 0 

CD1613 PLC 232/223(f)/223(a)(7) Navarre OH 1,700,397.86 2.940 2.690 0.250 Jun-44 9,294.30 277 243 34 May-21 Jul-21 Jul-31 A 0 87 0 

BI4564 PLC 221(d)(4) Sealy TX 1,590,954.01 3.390 3.140 0.250 Feb-62 6,216.80 471 455 16 Nov-22 N/A Apr-32 G N/A 96 0 

BN6739 PLC 221(d)(4) Midland TX 1,507,810.07 2.770 2.520 0.250 Mar-63 5,272.86 473 468 5 Oct-23 N/A May-33 I N/A 109 0 BY2790 PLC 221(d)(4) Ruckersville VA 1,422,393.60 2.990 2.740 0.250 Sep-62 5,186.98 477 462 15 Dec-22 N/A Nov-32 F N/A 103 0 CC1555 PLC 207/223(a)(7) Seattle WA 1,413,360.72 3.020 2.770 0.250 May-56 5,727.81 421 386 35 Apr-21 Jul-21 Jul-31 J 0 87 0 

BD4447 PLC 221(d)(4) Colorado Springs CO 1,316,012.02 4.490 4.240 0.250 Aug-61 6,056.36 473 449 24 Mar-22 N/A Oct-31 I N/A 90 0 

BY4296 PLC 221(d)(4) Durham NC 1,157,319.35 2.640 2.390 0.250 Jan-62 4,033.27 472 454 18 Sep-22 N/A Mar-32 K N/A 95 0 CA2650 PLC 221(d)(4) Kennedale TX 1,018,876.26 2.930 2.680 0.250 Aug-62 3,685.02 473 461 12 Mar-23 N/A Oct-32 I N/A 102 0 BN0021 PLC 221(d)(4) Riviera Beach FL 1,006,399.88 3.690 3.390 0.300 Jul-61 4,141.24 467 448 19 Aug-22 N/A Sep-31 L N/A 89 0 BY2802 CLC 221(d)(4) Chandler AZ 981,876.00 3.250 3.000 0.250 Sep-62 3,657.89 504 462 42 Sep-20 Nov-22 Nov-32 A 0 103 0 

CD9080 PLC 538 Topeka IN 893,998.07 3.950 3.450 0.500 Jun-61 3,804.03 455 447 8 Jul-23 N/A Jan-32 M N/A 93 0 CC5147 PLC 538 Crawfordsville IN 892,615.57 3.950 3.450 0.500 Jun-61 (11) 452 447 5 Oct-23 N/A Nov-32 N N/A 103 0 

CB1479 CLC 221(d)(4) Odessa TX 863,806.00 2.700 2.450 0.250 Apr-63 2,944.83 505 469 36 Mar-21 Jun-23 Jun-33 A 0 110 0 

C-9
 
Principal Total Remaining

FHA Insurance Balance Servicing Monthly Original Remaining Period Lockout/ Remaining Lockout and Remaining

Program/Section as of the Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Prepayment Interest

Pool Security 538 Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Penalty Only Period

Number Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† Period (mos.)(8)† (mos.)(9)

C-10
 

CC5145 PLC 538 Waveland IN $ 858,559.07 3.950% 3.450% 0.500% Jun-61 (11) 452 447 5 Oct-23 N/A Feb-33 O N/A 106 0 

BT2912 PLC 221(d)(4) Enterprise AL 852,386.57 2.850 2.600 0.250 Sep-62 $ 3,040.68 476 462 14 Jan-23 N/A Nov-32 P N/A 103 0 CC5149 PLC 538 Kewanna IN 780,681.96 3.950 3.450 0.500 Jun-61 3,318.67 455 447 8 Jul-23 N/A Feb-32 Q N/A 94 0 

CC5150 CLC 538 Laurel IN 775,000.00 3.950 3.450 0.500 Jun-61 (11) 480 447 33 Jun-21 Oct-22 Oct-32 R 0 102 0 

BY4358 PLC 221(d)(4) Tulsa OK 741,052.18 2.990 2.740 0.250 Feb-62 2,724.56 478 455 23 Apr-22 N/A Apr-32 S N/A 96 0 

BY4356 PLC 221(d)(4) Tulsa OK 653,408.82 2.990 2.740 0.250 Feb-62 2,402.33 478 455 23 Apr-22 N/A Apr-32 S N/A 96 0 

CC5143 PLC 538 Trafalgar IN 601,294.96 3.950 3.450 0.500 Jun-61 2,551.23 455 447 8 Jul-23 N/A Apr-32 T N/A 96 0 

CC5154 CLC 538 Farmersburg IN 540,000.00 3.950 3.450 0.500 Jun-61 (11) 480 447 33 Jun-21 Mar-23 Mar-33 R 0 107 0 

CD9083 CLC 538 Vevay IN 500,000.00 3.950 3.450 0.500 Jun-61 (11) 480 447 33 Jun-21 Sep-22 Sep-32 R 0 101 0 

CD9086 PLC 538 Crawfordsville IN 492,975.30 3.950 3.450 0.500 Jun-61 (11) 452 447 5 Oct-23 N/A Jan-33 U N/A 105 0 

CD9090 PLC 538 Charlestown IN 490,702.32 3.950 3.450 0.500 Jun-61 (11) 454 447 7 Aug-23 N/A Aug-32 V N/A 100 0 CC5153 PLC 538 Scottsburg IN 489,783.03 3.950 3.450 0.500 Jun-61 2,074.17 453 447 6 Sep-23 N/A Jun-32 T N/A 98 0 

CD9088 PLC 538 Linden IN 488,392.68 3.950 3.450 0.500 Jun-61 2,074.17 455 447 8 Jul-23 N/A Mar-32 W N/A 95 0 

CD9082 PLC 538 Hartford City IN 486,988.44 3.950 3.450 0.500 Jun-61 2,074.17 452 447 5 Oct-23 N/A Dec-31 X N/A 92 0 BS8043 PLC 241(a)/232 Toledo OH 455,437.99 3.910 3.660 0.250 May-61 1,938.23 467 446 21 Jun-22 N/A Jul-31 L N/A 87 0 BJ5705 PLC 221(d)(4) Boerne TX 384,450.70 4.480 4.230 0.250 Sep-60 1,784.09 464 438 26 Jan-22 N/A Nov-30 Y N/A 79 0 BT2928 PLC 221(d)(4) New Orleans LA 371,126.45 2.850 2.600 0.250 Nov-62 1,320.77 479 464 15 Dec-22 Jan-23 Jan-33 A 0 105 0 

BX4642 PLC 221(d)(4) San Antonio TX 218,220.16 2.950 2.700 0.250 Mar-62 796.41 463 456 7 Aug-23 N/A May-32 Z N/A 97 0 

BQ9044 CLC 538 Mansura LA 200,000.00 3.800 3.300 0.500 May-61 (11) 480 446 34 May-21 Jul-23 Jul-33 A 0 111 0 

BX1506 PLC 221(d)(4) Chicago IL 120,791.57 3.800 3.550 0.250 Oct-60 509.72 474 439 35 Apr-21 Jun-22 Jun-32 A 0 98 0 CD9533 PLC 232/223(a)(7) Stow OH 120,660.50 3.430 3.180 0.250 May-61 479.00 480 446 34 May-21 Jul-21 Jul-31 A 0 87 0 CC1562 PLC 221(d)(4) Westlake LA 120,233.94 3.390 3.140 0.250 Jul-59 486.88 458 424 34 May-21 Jul-21 Jul-31 R 0 87 0 

CB4914 PLC 221(d)(4) Nashville TN 120,139.11 3.380 3.130 0.250 Apr-60 480.57 469 433 36 Mar-21 May-22 May-31 E 0 85 0 

BW5285 PLC 221(d)(4)/223(a)(7) Hayward CA 119,907.93 3.300 3.050 0.250 Mar-60 474.68 469 432 37 Feb-21 Apr-22 Apr-31 E 0 84 0 CA2664 PLC 221(d)(4) Corinth TX 119,795.47 3.340 3.090 0.250 Jul-59 481.66 461 424 37 Feb-21 Apr-22 Apr-31 E 0 84 0 

CB3279 PLC 538 Eustace TX 119,641.37 3.650 3.050 0.600 Jan-56 530.05 416 382 34 May-21 Jul-21 Feb-31 R 0 82 0 CB9443 PLC 207/223(f) Phoenix AZ 119,057.19 3.600 3.100 0.500 Mar-54 541.29 394 360 34 May-21 Jul-22 Jul-31 E 0 87 0 

CC9844 PLC 207/223(f) Nottingham MD 119,032.89 3.530 3.280 0.250 May-54 534.84 396 362 34 May-21 Jul-21 Jul-31 R 0 87 0 

CD0868 PLC 232/223(f) Denton TX 118,814.73 3.430 3.130 0.300 Jul-54 525.57 399 364 35 Apr-21 Jun-22 Jun-31 E 0 86 0 

CA3344 PLC 207/223(f) Plainfield IN 118,405.77 3.650 3.400 0.250 Dec-53 544.17 395 357 38 Jan-21 Mar-22 Mar-31 E 0 83 0 

CB4909 PLC 207/223(f) La Palma CA 118,379.40 3.380 3.130 0.250 Nov-53 527.08 392 356 36 Mar-21 May-22 May-31 E 0 85 0 CD0920 PLC 221(d)(4) Plano TX 117,870.85 3.550 3.300 0.250 Sep-60 (10) 472 438 34 May-21 Jul-22 Jul-31 E 0 87 0 

CC7494 PLC 232/223(f) Cottage Grove OR 117,170.74 3.350 3.100 0.250 Oct-49 568.80 341 307 34 May-21 Jul-21 Jul-31 A 0 87 0 CD0840 PLC 232/223(f) Macomb IL 115,854.18 3.570 3.320 0.250 Jul-46 627.90 302 268 34 May-21 Jul-21 Jul-31 J 0 87 0 

CD0839 PLC 232/223(f) South Elgin IL 115,854.15 3.570 3.320 0.250 Jul-46 627.90 302 268 34 May-21 Jul-21 Jul-31 J 0 87 0 

BW6793 PLC 221(d)(4) Dundalk MD 108,354.79 2.740 2.490 0.250 Aug-62 (12) 476 461 15 Dec-22 N/A Oct-32 P N/A 102 0 

BO7721 PLC 241(a) Franklin IN 56,684.65 4.190 3.940 0.250 Aug-50 295.95 335 317 18 Sep-22 N/A May-31 AA N/A 85 0 

(1)	 Based on publicly available information, including the disclosure documents for the Ginnie Mae Multifamily Certificates, the information with respect to the Mortgage Loans set forth on this

Exhibit A has been collected and summarized by the Sponsor. Capitalized terms have the meaning ascribed to them in the Offering Circular Supplement to which this updated Exhibit Arefers. 

(2)	 Certain Mortgage Loans insured under FHA insurance program Section 223(f) cannot be prepaid for a period of five (5) years from the date of endorsement, unless prior written approval

from FHA is obtained, regardless of any applicable lockout period associated with such mortgage loans.

(3)	 The principal and interest amounts shown in this column reflect only those amounts that are due in respect of the portion of each applicable Ginnie Mae Project Loan Certificate that is a

Trust PLC or each Ginnie Mae Construction Loan Certificate that is a Trust CLC. Because Ginnie Mae Construction Loan Certificates are not entitled to receive principal payments, theamounts identified for each Trust CLC are based upon the assumption that the Trust CLC has converted to a Trust PLC.

(4)	 The Lockout End Date is the first month when a Mortgage Loan is no longer subject to any lockout for voluntary prepayments of principal. For purposes of determining the Lockout End

Date in this Exhibit A, the Lockout End Date is based on the lockout period described in the note or other evidence of indebtedness without regard to any applicable statutory prepayment prohibition period.

(5)	 The Prepayment Penalty End Date is the first month when a Mortgage Loan is no longer subject to the payment of any Prepayment Penalties.(6)	 In some circumstances FHA may permit an FHA-insured Mortgage Loan to be refinanced or prepaid without regard to any Lockout or Prepayment Penalty Code.(7)	 The Remaining Lockout Period is the number of months from the Cut-off Date up to but not including the Lockout End Date. 
(8)	 The Total Remaining Lockout and Prepayment Penalty Period is the number of months from the Cut-off Date up to but not including the later of the Prepayment Penalty End Date

or Lockout End Date.

(9)	 The Remaining Interest Only Period reflects the number of months remaining during which each Ginnie Mae Construction Loan Certificate is expected to remain outstanding, based on the

remaining construction period for the Ginnie Mae Construction Loan Certificate.

(10)	 Pool Number CD0920 will have monthly principal and interest payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans — Level Payments” in this Supplement.

(11)	 The following Pool Numbers will have amortization schedules providing for level monthly principal and interest payments in the amounts indicated in the table below for each payment

date prior to the related maturity date, with balloon payments equal to the remaining unpaid principal balance of the related Mortgage Loan plus accrued interest thereon to be due as ofits maturity date:

Pool Number Monthly Principal and Interest

BQ9044 ........................................................................... $ 811.17
 

CC5145............................................................................ 3,609.06
 CC5147............................................................................ 3,762.55
 CC5150............................................................................ 3,214.96
 CC5154............................................................................ 2,240.10
 CD9083 ........................................................................... 2,074.17
 CD9086 ........................................................................... 2,074.17
 CD9090 ........................................................................... 2,074.17
 

(12)	 Pool Number BW6793, a Ginnie Mae Project Loan Certificate, converted from Pool Number BW6792, a Ginnie Mae Construction Loan Certificate, will have monthly principal and interest

payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans — Level Payments” in this Supplement.

†	 The Lockout End Date, Prepayment Penalty End Date, Remaining Lockout Period and Total Remaining Lockout and Prepayment Penalty Period are based on the Sponsor’s interpretation of

provisions in the related notes. Differing interpretations of these provisions can result in dates and periods that may vary by as much as one month. 

C-11
 
Lockout and Prepayment Penalty Codes:

For each Lockout and Prepayment Penalty Code listed in the table below, lockout up to but not including the Lockout End Date to the extent applicable; from and including the Lockout End Dateor to the extent that the Lockout End Date is N/A, after the Issue Date, the applicable Initial Prepayment Penalty Percentage indicated below will apply to any prepaid amount made during theapplicable Initial Prepayment Penalty Percentage Term indicated below, which is the number of mortgage loan payment dates from and including the Lockout End Date or beyond the Issue Date,as applicable; thereafter, the applicable Subsequent Prepayment Penalty Percentages indicated below will apply to any prepaid amount, where each percentage applies for a period of twelve consecutive mortgage loan payment dates up to but not including the applicable Prepayment Penalty End Date.

Lockout/Prepayment Initial Prepayment Initial Prepayment Subsequent Prepayment

Penalty Code Penalty Percentage Penalty Percentage Term Penalty Percentages

A 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


B 10% 24 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


C 10% 2 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


D 5% 72 4%, 3%, 2%, 1%


E 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%


F 10% 10 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


G 10% 4 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


H 10% 3 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


I 10% 6 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

J 10% 24 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%

K 10% 5 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

L 9% 12 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

M 10% 17 7%, 6%, 5%, 4%, 3%, 2%, 1%

N 10% 24 7%, 6%, 5%, 4%, 3%, 2%, 1%

O 10% 27 7%, 6%, 5%, 4%, 3%, 2%, 1%

P 10% 9 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

Q 10% 18 7%, 6%, 5%, 4%, 3%, 2%, 1%

R 10% 36 7%, 6%, 5%, 4%, 3%, 2%, 1%

S 10% 11 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

T 10% 20 7%, 6%, 5%, 4%, 3%, 2%, 1%

U 10% 26 7%, 6%, 5%, 4%, 3%, 2%, 1%

V 10% 23 7%, 6%, 5%, 4%, 3%, 2%, 1%

W 10% 19 7%, 6%, 5%, 4%, 3%, 2%, 1%

X 10% 13 7%, 6%, 5%, 4%, 3%, 2%, 1%

Y 9% 9 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

Z 9% 8 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

AA 9% 7 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1% 

C-12
 
Updated Exhibit

A

Ginnie Mae REMIC Trust 2021-132

— Security Group 1

Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans(1)

Principal Total Remaining

FHA Insurance Balance Servicing Monthly Original Remaining Period Lockout/ Remaining Lockout and Remaining

Program/Section as of the Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Prepayment Interest

Pool Security 538 Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Penalty Only Period

Number Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† Period (mos.)(8)† (mos.)(9)

CB9447 PLC 207/223(f) Salt Lake City UT $30,300,006.01 2.570% 2.320% 0.250% Jul-56 $115,060.75 421 388 33 Jun-21 Sep-21 Sep-31 A 0 89 0 

CE1137 PLC 207/223(f) Eden Prairie MN 28,902,923.62 2.570 2.320 0.250 Jun-56 109,937.52 420 387 33 Jun-21 Aug-21 Aug-31 A 0 88 0 

CE9471 PLC 207/223(f) Hanahan SC 24,022,618.22 2.500 2.250 0.250 Aug-56 90,182.75 421 389 32 Jul-21 Oct-21 Oct-31 A 0 90 0 

BT2194 PLC 207/223(f) Medford MA 20,925,344.00 2.550 2.300 0.250 Jul-56 79,239.77 420 388 32 Jul-21 Sep-21 Sep-31 A 0 89 0 

CD3316 PLC 232/223(f) Richmond IN 15,895,548.37 2.570 2.320 0.250 Jun-56 60,461.60 420 387 33 Jun-21 Aug-21 Aug-31 A 0 88 0 

CC9856 PLC 207/223(f) Fort Worth TX 15,188,629.45 2.550 2.300 0.250 Jul-56 (10) 420 388 32 Jul-21 Sep-21 Sep-31 A 0 89 0 

CD0882 PLC 207/223(f) Revere MA 14,980,695.28 2.650 2.400 0.250 Jul-56 57,525.09 420 388 32 Jul-21 Sep-21 Sep-31 A 0 89 0 

CC9852 PLC 207/223(f) Dumfries VA 13,536,732.78 2.570 2.320 0.250 Jul-56 51,404.17 420 388 32 Jul-21 Sep-21 Sep-31 A 0 89 0 

CD0925 PLC 221(d)(4) Dallas TX 12,561,044.37 2.800 2.550 0.250 Apr-63 44,086.42 475 469 6 Sep-23 N/A Jun-33 B N/A 110 0 

CC8497 PLC 207/223(f) Kenosha WI 12,550,863.94 2.550 2.300 0.250 Jun-56 47,606.53 420 387 33 Jun-21 Aug-21 Aug-31 A 0 88 0 

CC9855 PLC 207/223(f) Mesquite TX 12,434,458.40 2.590 2.340 0.250 Jul-56 47,350.42 420 388 32 Jul-21 Sep-21 Sep-31 A 0 89 0 

CE1127 PLC 207/223(f)/223(a)(7) Wilmington NC 12,175,911.89 2.600 2.350 0.250 Jul-56 46,430.58 420 388 32 Jul-21 Sep-21 Sep-31 A 0 89 0 

CD4201 PLC 232/223(f) Manitowoc WI 11,842,522.66 2.340 2.090 0.250 Jul-51 48,908.27 360 328 32 Jul-21 Sep-21 Sep-31 A 0 89 0 

CE1142 PLC 221(d)(4) St. Paul MN 11,070,274.42 3.190 2.940 0.250 Jan-60 43,233.84 463 430 33 Jun-21 Aug-21 Aug-31 C 0 88 0 

CE9467 PLC 207/223(f) Goose Creek SC 10,542,990.42 2.500 2.250 0.250 Aug-56 39,579.19 421 389 32 Jul-21 Oct-21 Oct-31 A 0 90 0 

CC7500 PLC 232/223(a)(7) Monument CO 8,951,057.70 3.150 2.900 0.250 Jan-59 35,294.27 452 418 34 May-21 Jul-21 Jul-31 D 0 87 0 

CD9533 PLC 232/223(a)(7) Stow OH 7,208,216.46 3.430 3.180 0.250 May-61 28,615.59 480 446 34 May-21 Jul-21 Jul-31 A 0 87 0 

CD0841 PLC 207/223(f) Escondido CA 7,001,290.12 2.820 2.570 0.250 Aug-50 31,349.44 350 317 33 Jun-21 Aug-21 Aug-31 A 0 88 0 

CE9461 PLC 207/223(f) Lehi UT 6,840,542.86 2.560 2.310 0.250 Jul-56 25,939.90 420 388 32 Jul-21 Sep-21 Sep-31 A 0 89 0 

CE1150 PLC 221(d)(4) Vadnais Heights MN 6,815,675.95 2.660 2.410 0.250 Apr-62 23,737.28 474 457 17 Oct-22 N/A Jun-32 E N/A 98 0 CC7512 PLC 207/223(f) Greenfield MA 6,646,408.37 2.610 2.360 0.250 Jun-56 25,421.97 420 387 33 Jun-21 Aug-21 Aug-31 A 0 88 0 

CF6664 PLC 207/223(f) Bradenton FL 5,585,385.91 2.660 2.410 0.250 Jul-56 21,477.42 420 388 32 Jul-21 Sep-21 Sep-31 A 0 89 0 

CC9844 PLC 207/223(f) Nottingham MD 5,333,238.16 3.530 3.280 0.250 May-54 23,963.32 396 362 34 May-21 Jul-21 Jul-31 C 0 87 0 

CC7494 PLC 232/223(f) Cottage Grove OR 5,249,805.18 3.350 3.100 0.250 Oct-49 25,484.76 341 307 34 May-21 Jul-21 Jul-31 A 0 87 0 

CD0950 PLC 221(d)(4) San Antonio TX 4,802,136.70 3.250 3.000 0.250 Oct-58 19,281.68 448 415 33 Jun-21 Aug-21 Aug-31 C 0 88 0 

CC5114 PLC 207/223(f) St. Louis MO 4,686,526.15 2.900 2.650 0.250 Aug-40 29,928.21 230 197 33 Jun-21 Aug-21 Aug-31 A 0 88 0 CB5958 PLC 232/223(f)/223(a)(7) Bothell WA 4,593,858.27 2.630 2.380 0.250 Jul-56 17,591.18 420 388 32 Jul-21 Sep-21 Sep-31 A 0 89 0 

CD0920 PLC 221(d)(4) Plano TX 4,400,977.73 3.550 3.300 0.250 Sep-60 (10) 472 438 34 May-21 Jul-22 Jul-31 F 0 87 0 

CE5200 PLC 232/223(a)(7) Clinton NC 4,193,437.51 2.890 2.640 0.250 Mar-48 20,206.09 321 288 33 Jun-21 Aug-21 Aug-31 A 0 88 0 

CC5109 PLC 207/223(f) Wichita KS 3,939,752.12 2.680 2.430 0.250 Jul-56 15,191.60 421 388 33 Jun-21 Sep-21 Sep-31 A 0 89 0 

CB9443 PLC 207/223(f) Phoenix AZ 3,556,218.19 3.600 3.100 0.500 Mar-54 16,168.18 394 360 34 May-21 Jul-22 Jul-31 F 0 87 0 CC1551 PLC 221(d)(4)/223(a)(7) Jacksonville AR 3,309,449.57 2.210 1.960 0.250 Jul-61 10,855.42 481 448 33 Jun-21 Sep-21 Sep-31 A 0 89 0 

CD9001 PLC 207/223(f)/223(a)(7) Jackson MI 2,945,609.65 2.650 2.400 0.250 Jun-56 11,329.48 420 387 33 Jun-21 Aug-21 Aug-31 A 0 88 0 

CD1243 PLC 207/223(f)/223(a)(7) Baltimore MD 2,927,057.32 3.070 2.820 0.250 May-56 11,942.64 420 386 34 May-21 Jul-21 Jul-31 A 0 87 0 

BW6782 PLC 221(d)(4) Charlotte NC 2,492,851.77 2.990 2.740 0.250 Aug-62 9,101.09 471 461 10 May-23 N/A Oct-32 G N/A 102 0 CD0839 PLC 232/223(f) South Elgin IL 2,162,839.44 3.570 3.320 0.250 Jul-46 11,721.96 302 268 34 May-21 Jul-21 Jul-31 H 0 87 0 

CD9082 PLC 538 Hartford City IN 2,084,310.63 3.950 3.450 0.500 Jun-61 8,877.45 452 447 5 Oct-23 N/A Dec-31 I N/A 92 0 

BQ8822 PLC 221(d)(4) Kaufman TX 1,920,899.11 3.680 3.430 0.250 Nov-61 7,860.33 476 452 24 Mar-22 N/A Jan-32 J N/A 93 0 

BS8043 PLC 241(a)/232 Toledo OH 1,788,418.76 3.910 3.660 0.250 May-61 7,611.07 467 446 21 Jun-22 N/A Jul-31 K N/A 87 0 BY2790 PLC 221(d)(4) Ruckersville VA 1,596,925.29 2.990 2.740 0.250 Sep-62 5,823.44 477 462 15 Dec-22 N/A Nov-32 L N/A 103 0 BN6739 PLC 221(d)(4) Midland TX 1,581,255.55 2.770 2.520 0.250 Mar-63 5,529.70 473 468 5 Oct-23 N/A May-33 M N/A 109 0 BT1403 PLC 241(a) Las Vegas NV 1,450,093.94 3.930 3.680 0.250 Mar-54 6,864.58 387 360 27 Dec-21 N/A Oct-31 J N/A 90 0 

BI4564 PLC 221(d)(4) Sealy TX 1,335,907.48 3.390 3.140 0.250 Feb-62 5,220.18 471 455 16 Nov-22 N/A Apr-32 G N/A 96 0 CD9090 PLC 538 Charlestown IN 1,293,492.08 3.950 3.450 0.500 Jun-61 (11) 454 447 7 Aug-23 N/A Aug-32 N N/A 100 0 BY4358 PLC 221(d)(4) Tulsa OK 1,235,476.01 2.990 2.740 0.250 Feb-62 4,542.36 478 455 23 Apr-22 N/A Apr-32 O N/A 96 0 

BY4356 PLC 221(d)(4) Tulsa OK 1,186,405.19 2.990 2.740 0.250 Feb-62 4,361.95 478 455 23 Apr-22 N/A Apr-32 O N/A 96 0 

BW5285 PLC 221(d)(4)/223(a)(7) Hayward CA 1,157,315.82 3.300 3.050 0.250 Mar-60 4,581.47 469 432 37 Feb-21 Apr-22 Apr-31 F 0 84 0 

BW8629 PLC 221(d)(4) Leavenworth WA 1,099,613.46 3.200 2.950 0.250 Mar-63 4,115.83 473 468 5 Oct-23 N/A May-33 M N/A 109 0 BD4447 PLC 221(d)(4) Colorado Springs CO 1,074,204.04 4.490 4.240 0.250 Aug-61 4,943.55 473 449 24 Mar-22 N/A Oct-31 M N/A 90 0 

C-13
 
Principal Total Remaining

FHA Insurance Balance Servicing Monthly Original Remaining Period Lockout/ Remaining Lockout and Remaining

Program/Section as of the Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Prepayment Interest

Pool Security 538 Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Penalty Only Period

Number Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† Period (mos.)(8)† (mos.)(9)

C-14
 

CB4914 PLC 221(d)(4) Nashville TN $ 1,002,198.52 3.380% 3.130% 0.250% Apr-60 $ 4,008.89 469 433 36 Mar-21 May-22 May-31 F 0 85 0 

CC5153 PLC 538 Scottsburg IN 930,588.05 3.950 3.450 0.500 Jun-61 3,940.93 453 447 6 Sep-23 N/A Jun-32 P N/A 98 0 

CA2664 PLC 221(d)(4) Corinth TX 921,292.30 3.340 3.090 0.250 Jul-59 3,704.20 461 424 37 Feb-21 Apr-22 Apr-31 F 0 84 0 BX1506 PLC 221(d)(4) Chicago IL 902,005.71 3.800 3.550 0.250 Oct-60 3,806.34 474 439 35 Apr-21 Jun-22 Jun-32 A 0 98 0 

CC1562 PLC 221(d)(4) Westlake LA 897,841.66 3.390 3.140 0.250 Jul-59 3,635.73 458 424 34 May-21 Jul-21 Jul-31 C 0 87 0 

CB3279 PLC 538 Eustace TX 893,416.69 3.650 3.050 0.600 Jan-56 3,958.09 416 382 34 May-21 Jul-21 Feb-31 C 0 82 0 CD0868 PLC 232/223(f) Denton TX 887,243.73 3.430 3.130 0.300 Jul-54 3,924.70 399 364 35 Apr-21 Jun-22 Jun-31 F 0 86 0 

CA3344 PLC 207/223(f) Plainfield IN 884,189.88 3.650 3.400 0.250 Dec-53 4,063.56 395 357 38 Jan-21 Mar-22 Mar-31 F 0 83 0 

CB4909 PLC 207/223(f) La Palma CA 883,992.96 3.380 3.130 0.250 Nov-53 3,935.95 392 356 36 Mar-21 May-22 May-31 F 0 85 0 

CC9851 PLC 221(d)(4) Woodbury MN 866,064.64 2.570 2.320 0.250 Jul-36 6,834.32 181 148 33 Jun-21 Aug-21 Aug-31 A 0 88 0 

CD0840 PLC 232/223(f) Macomb IL 865,135.99 3.570 3.320 0.250 Jul-46 4,688.79 302 268 34 May-21 Jul-21 Jul-31 H 0 87 0 

CD9088 PLC 538 Linden IN 698,401.44 3.950 3.450 0.500 Jun-61 2,966.07 455 447 8 Jul-23 N/A Mar-32 Q N/A 95 0 

BT2912 PLC 221(d)(4) Enterprise AL 637,383.19 2.850 2.600 0.250 Sep-62 2,273.71 476 462 14 Jan-23 N/A Nov-32 J N/A 103 0 

CD9083 CLC 538 Vevay IN 619,000.00 3.950 3.450 0.500 Jun-61 (11) 480 447 33 Jun-21 Sep-22 Sep-32 C 0 101 0 

BN0021 PLC 221(d)(4) Riviera Beach FL 512,538.97 3.690 3.390 0.300 Jul-61 2,109.05 467 448 19 Aug-22 N/A Sep-31 K N/A 89 0 

CD9086 PLC 538 Crawfordsville IN 492,975.30 3.950 3.450 0.500 Jun-61 (11) 452 447 5 Oct-23 N/A Jan-33 R N/A 105 0 

CA2650 PLC 221(d)(4) Kennedale TX 463,907.09 2.930 2.680 0.250 Aug-62 1,677.84 473 461 12 Mar-23 N/A Oct-32 M N/A 102 0 

CB1479 CLC 221(d)(4) Odessa TX 404,273.00 2.700 2.450 0.250 Apr-63 1,378.22 505 469 36 Mar-21 Jun-23 Jun-33 A 0 110 0 

BO7721 PLC 241(a) Franklin IN 361,124.87 4.190 3.940 0.250 Aug-50 1,885.45 335 317 18 Sep-22 N/A May-31 S N/A 85 0 

AY0413 PLC 221(d)(4) DeSoto TX 328,791.44 3.700 3.450 0.250 Jun-59 1,392.40 463 423 40 Nov-20 N/A Aug-29 T N/A 64 0 

BW6793 PLC 221(d)(4) Dundalk MD 203,389.81 2.740 2.490 0.250 Aug-62 (12) 476 461 15 Dec-22 N/A Oct-32 J N/A 102 0 

BT1396 PLC 221(d)(4) St. Louis MO 165,780.82 3.880 3.630 0.250 Jul-61 (13) 472 448 24 Mar-22 N/A Sep-31 U N/A 89 0 

BL3428 PLC 221(d)(4) Warner Robins GA 71,959.80 4.740 4.490 0.250 Sep-60 345.74 470 438 32 Jul-21 N/A Nov-30 V N/A 79 0 

BX4642 PLC 221(d)(4) San Antonio TX 66,789.52 2.950 2.700 0.250 Mar-62 243.75 463 456 7 Aug-23 N/A May-32 W N/A 97 0 

(1)	 Based on publicly available information, including the disclosure documents for the Ginnie Mae Multifamily Certificates, the information with respect to the Mortgage Loans set forth on this

Exhibit A has been collected and summarized by the Sponsor. Capitalized terms have the meaning ascribed to them in the Offering Circular Supplement to which this updated Exhibit Arefers. 

(2)	 Certain Mortgage Loans insured under FHA insurance program Section 223(f) cannot be prepaid for a period of five (5) years from the date of endorsement, unless prior written approval

from FHA is obtained, regardless of any applicable lockout period associated with such mortgage loans.

(3)	 The principal and interest amounts shown in this column reflect only those amounts that are due in respect of the portion of each applicable Ginnie Mae Project Loan Certificate that is a

Trust PLC or each Ginnie Mae Construction Loan Certificate that is a Trust CLC. Because Ginnie Mae Construction Loan Certificates are not entitled to receive principal payments, theamounts identified for each Trust CLC are based upon the assumption that the Trust CLC has converted to a Trust PLC.

(4)	 The Lockout End Date is the first month when a Mortgage Loan is no longer subject to any lockout for voluntary prepayments of principal. For purposes of determining the Lockout End

Date in this Exhibit A, the Lockout End Date is based on the lockout period described in the note or other evidence of indebtedness without regard to any applicable statutory prepayment prohibition period.

(5)	 The Prepayment Penalty End Date is the first month when a Mortgage Loan is no longer subject to the payment of any Prepayment Penalties.(6)	 In some circumstances FHA may permit an FHA-insured Mortgage Loan to be refinanced or prepaid without regard to any Lockout or Prepayment Penalty Code.(7)	 The Remaining Lockout Period is the number of months from the Cut-off Date up to but not including the Lockout End Date.(8)	 The Total Remaining Lockout and Prepayment Penalty Period is the number of months from the Cut-off Date up to but not including the later of the Prepayment Penalty End Date

or Lockout End Date.

(9)	 The Remaining Interest Only Period reflects the number of months remaining during which each Ginnie Mae Construction Loan Certificate is expected to remain outstanding, based on the

remaining construction period for the Ginnie Mae Construction Loan Certificate

(10)	 Pool Numbers CC9856 and CD0920 will have monthly principal and interest payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage

Loans — Level Payments” in this Supplement.
(11)	 The following Pool Numbers will have amortization schedules providing for level monthly principal and interest payments in the amounts indicated in the table below for each payment

date prior to the related maturity date, with balloon payments equal to the remaining unpaid principal balance of the related Mortgage Loan plus accrued interest thereon to be due as ofits maturity date:

Pool Number Monthly Principal and Interest

CD9083 ........................................................................... $2,567.82
 CD9086 ........................................................................... 2,074.17
 CD9090 ........................................................................... 5,467.52
 

(12)	 Pool Number BW6793, a Ginnie Mae Project Loan Certificate, converted from Pool Number BW6792, a Ginnie Mae Construction Loan Certificate, will have monthly principal and interest

payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans — Level Payments” in this Supplement.

(13)	 Pool Number BT1396, a Ginnie Mae Project Loan Certificate, converted from Pool Number BT1395, a Ginnie Mae Construction Loan Certificate, will have monthly principal and interest

payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans — Level Payments” in this Supplement.

†	 The Lockout End Date, Prepayment Penalty End Date, Remaining Lockout Period and Total Remaining Lockout and Prepayment Penalty Period are based on the Sponsor’s interpretation of

provisions in the related notes. Differing interpretations of these provisions can result in dates and periods that may vary by as much as one month. 

C-15
 
Lockout and Prepayment Penalty Codes:

For each Lockout and Prepayment Penalty Code listed in the table below, lockout up to but not including the Lockout End Date to the extent applicable; from and including the Lockout End Dateor to the extent that the Lockout End Date is N/A, after the Issue Date, the applicable Initial Prepayment Penalty Percentage indicated below will apply to any prepaid amount made during theapplicable Initial Prepayment Penalty Percentage Term indicated below, which is the number of mortgage loan payment dates from and including the Lockout End Date or beyond the Issue Date,as applicable; thereafter, the applicable Subsequent Prepayment Penalty Percentages indicated below will apply to any prepaid amount, where each percentage applies for a period of twelve consecutive mortgage loan payment dates up to but not including the applicable Prepayment Penalty End Date.

Lockout/Prepayment Initial Prepayment Initial Prepayment Subsequent Prepayment

Penalty Code Penalty Percentage Penalty Percentage Term Penalty Percentages

A 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


B 10% 8 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


C 10% 36 7%, 6%, 5%, 4%, 3%, 2%, 1%


D 10% 24 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


E 10% 7 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


F 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%


G 10% 4 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


H 10% 24 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%


I 10% 13 7%, 6%, 5%, 4%, 3%, 2%, 1%

J 10% 9 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

K 9% 12 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

L 10% 10 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

M 10% 6 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

N 10% 23 7%, 6%, 5%, 4%, 3%, 2%, 1%

O 10% 11 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

P 10% 20 7%, 6%, 5%, 4%, 3%, 2%, 1%

Q 10% 19 7%, 6%, 5%, 4%, 3%, 2%, 1%

R 10% 26 7%, 6%, 5%, 4%, 3%, 2%, 1%

S 9% 7 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

T 10% 8 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

U 10% 5 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

V 10% 15 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

W 9% 8 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1% 

C-16
 
Updated Exhibit

A

Ginnie Mae REMIC Trust 2021-144

Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans(1)

Principal Total Remaining

FHA Insurance Balance Servicing Monthly Original Remaining Period Lockout/ Remaining Lockout and Remaining

Program/Section as of the Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Prepayment Interest

Pool Security 538 Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Penalty Only Period

Number Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† Period (mos.)(8)† (mos.)(9)

BV7080 PLC 207/223(f) Chattanooga TN $37,729,154.29 2.710% 2.460% 0.250% Aug-56 $145,854.20 421 389 32 Jul-21 Oct-21 Oct-31 A 0 90 0 

CE1218 PLC 207/223(f) Mission Viejo CA 33,307,100.39 2.430 2.180 0.250 Aug-56 123,810.47 421 389 32 Jul-21 Oct-21 Oct-31 A 0 90 0 

CD9010 PLC 207/223(f) Houston TX 31,300,319.79 2.550 2.300 0.250 Jul-56 118,527.57 420 388 32 Jul-21 Sep-21 Sep-31 A 0 89 0 

CD0878 PLC 207/223(f) Jersey City NJ 23,822,650.50 2.570 2.320 0.250 Aug-56 90,314.53 421 389 32 Jul-21 Oct-21 Oct-31 A 0 90 0 CE9475 PLC 207/223(f) Auburn WA 23,807,132.00 2.500 2.250 0.250 Aug-56 89,373.80 421 389 32 Jul-21 Oct-21 Oct-31 A 0 90 0 CE9469 PLC 232/223(a)(7) Chicago IL 20,646,334.10 2.630 2.380 0.250 Jul-51 88,324.80 360 328 32 Jul-21 Sep-21 Sep-31 A 0 89 0 

CB5952 PLC 207/223(f) Ashburn VA 19,072,164.00 2.650 2.400 0.250 Aug-56 73,117.09 420 389 31 Aug-21 Oct-21 Oct-31 A 0 90 0 

CD6846 PLC 207/223(f) Bellingham WA 16,552,517.59 2.620 2.370 0.250 Aug-56 (10) 420 389 31 Aug-21 Oct-21 Oct-31 A 0 90 0 CC5108 PLC 207/223(f) Maplewood MO 14,755,075.16 2.600 2.350 0.250 Aug-56 56,173.44 421 389 32 Jul-21 Oct-21 Oct-31 A 0 90 0 

CD6842 PLC 207/223(f) Vancouver WA 14,136,357.26 2.590 2.340 0.250 Aug-56 (10) 421 389 32 Jul-21 Oct-21 Oct-31 A 0 90 0 CB6048 PLC 207/223(f) Carmel IN 13,135,584.86 2.350 2.100 0.250 Aug-56 48,278.44 420 389 31 Aug-21 Oct-21 Oct-31 A 0 90 0 

CD1371 PLC 232/223(f) El Paso TX 12,957,274.88 2.370 2.120 0.250 Sep-56 47,676.89 421 390 31 Aug-21 Nov-21 Nov-31 A 0 91 0 

CE5203 PLC 232/223(f) San Francisco CA 12,369,898.70 2.440 2.190 0.250 Jul-51 51,713.76 360 328 32 Jul-21 N/A Sep-31 B N/A 89 0 CF6670 PLC 207/223(f) East Brunswick NJ 11,156,439.46 2.530 2.280 0.250 Feb-52 46,470.27 366 335 31 Aug-21 Oct-21 Oct-31 A 0 90 0 

CE1158 PLC 221(d)(4) Shakopee MN 8,215,243.68 2.650 2.400 0.250 Jun-62 28,494.10 478 459 19 Aug-22 N/A Aug-32 C N/A 100 0 

BV0316 CLC 221(d)(4) Suffolk VA 8,215,122.00 2.890 2.640 0.250 Aug-62 28,890.46 505 461 44 Jul-20 Oct-22 Oct-32 A 0 102 0 

CF5530 PLC 207/223(f) Whittier CA 8,086,800.21 2.400 2.150 0.250 Aug-56 29,933.42 420 389 31 Aug-21 Oct-21 Oct-31 A 0 90 0 

CF5529 PLC 207/223(f) Los Angeles CA 7,614,706.32 2.450 2.200 0.250 Aug-56 28,385.67 420 389 31 Aug-21 Oct-21 Oct-31 A 0 90 0 CD0950 PLC 221(d)(4) San Antonio TX 7,368,179.58 3.250 3.000 0.250 Oct-58 29,584.94 448 415 33 Jun-21 Aug-21 Aug-31 D 0 88 0 CD9011 PLC 232 Paragould AR 6,774,131.39 3.400 3.150 0.250 Feb-52 31,340.38 367 335 32 Jul-21 Sep-21 Sep-31 D 0 89 0 CF2748 PLC 207/223(f) Brooklyn NY 6,507,156.74 2.700 2.200 0.500 Feb-47 31,758.88 307 275 32 Jul-21 Sep-21 Sep-31 A 0 89 0 

CF2743 PLC 207/223(f) Scranton PA 5,190,556.13 2.470 2.110 0.360 Mar-46 25,504.32 296 264 32 Jul-21 Sep-21 Sep-31 A 0 89 0 

CD6843 PLC 232/223(f)/223(a)(7) Brook Park OH 5,140,836.24 2.780 2.530 0.250 Aug-51 22,346.90 361 329 32 Jul-21 Oct-21 Oct-31 A 0 90 0 

BZ2509 PLC 207/223(f) Detroit MI 4,235,242.01 2.700 2.200 0.500 Sep-45 21,656.67 289 258 31 Aug-21 Oct-21 Oct-27 E 0 42 0 

CD4205 PLC 232/223(a)(7) Peterborough NH 3,891,866.97 3.300 3.050 0.250 Jan-49 19,151.10 330 298 32 Jul-21 Sep-21 Sep-27 F 0 41 0 

CD6845 PLC 221(d)(4) Blue Island IL 3,689,603.14 2.950 2.700 0.250 May-57 14,544.03 429 398 31 Aug-21 Oct-21 Oct-31 G 0 90 0 CE1151 PLC 221(d)(4) Austin TX 3,441,323.58 3.200 2.950 0.250 Jan-51 15,937.89 354 322 32 Jul-21 Sep-21 Sep-31 D 0 89 0 

BW2998 PLC 221(d)(4) Del Rio TX 3,232,271.13 3.150 2.900 0.250 Jan-59 12,744.93 450 418 32 Jul-21 Aug-21 Aug-31 D 0 88 0 CE1142 PLC 221(d)(4) St. Paul MN 2,785,510.11 3.190 2.940 0.250 Jan-60 10,878.53 463 430 33 Jun-21 Aug-21 Aug-31 D 0 88 0 

BY2790 PLC 221(d)(4) Ruckersville VA 2,549,687.27 2.990 2.740 0.250 Sep-62 9,297.84 477 462 15 Dec-22 N/A Nov-32 H N/A 103 0 

CD9533 PLC 232/223(a)(7) Stow OH 2,170,765.32 3.430 3.180 0.250 May-61 8,617.63 480 446 34 May-21 Jul-21 Jul-31 A 0 87 0 

CD0931 PLC 538 East Brady PA 2,008,641.43 3.780 2.900 0.880 Mar-48 10,620.22 320 288 32 Jul-21 Sep-21 Sep-31 D 0 89 0 

CC7500 PLC 232/223(a)(7) Monument CO 1,883,173.91 3.150 2.900 0.250 Jan-59 7,425.41 452 418 34 May-21 Jul-21 Jul-31 G 0 87 0 

BW6782 PLC 221(d)(4) Charlotte NC 1,862,908.05 2.990 2.740 0.250 Aug-62 6,801.24 471 461 10 May-23 N/A Oct-32 I N/A 102 0 

CB9443 PLC 207/223(f) Phoenix AZ 1,703,668.35 3.600 3.100 0.500 Mar-54 7,745.65 394 360 34 May-21 Jul-22 Jul-31 J 0 87 0 

CA3339 PLC 221(d)(4) Commerce City CO 1,489,435.21 2.880 2.630 0.250 Nov-62 5,325.86 477 464 13 Feb-23 N/A Jan-33 H N/A 105 0 CD0920 PLC 221(d)(4) Plano TX 1,481,761.95 3.550 3.300 0.250 Sep-60 (10) 472 438 34 May-21 Jul-22 Jul-31 J 0 87 0 

CC9844 PLC 207/223(f) Nottingham MD 1,476,222.10 3.530 3.280 0.250 May-54 6,632.97 396 362 34 May-21 Jul-21 Jul-31 D 0 87 0 

BJ5705 PLC 221(d)(4) Boerne TX 1,459,173.29 4.480 4.230 0.250 Sep-60 6,771.45 464 438 26 Jan-22 N/A Nov-30 K N/A 79 0 

CD0839 PLC 232/223(f) South Elgin IL 1,289,186.99 3.570 3.320 0.250 Jul-46 6,987.02 302 268 34 May-21 Jul-21 Jul-31 L 0 87 0 

BQ8822 PLC 221(d)(4) Kaufman TX 1,179,777.81 3.680 3.430 0.250 Nov-61 4,827.66 476 452 24 Mar-22 N/A Jan-32 M N/A 93 0 

CC7494 PLC 232/223(f) Cottage Grove OR 1,151,812.78 3.350 3.100 0.250 Oct-49 5,591.38 341 307 34 May-21 Jul-21 Jul-31 A 0 87 0 

BT2928 PLC 221(d)(4) New Orleans LA 1,124,053.36 2.850 2.600 0.250 Nov-62 4,000.28 479 464 15 Dec-22 Jan-23 Jan-33 A 0 105 0 

CD0868 PLC 232/223(f) Denton TX 1,043,078.27 3.430 3.130 0.300 Jul-54 4,614.03 399 364 35 Apr-21 Jun-22 Jun-31 J 0 86 0 

CB4909 PLC 207/223(f) La Palma CA 1,034,264.72 3.380 3.130 0.250 Nov-53 4,605.04 392 356 36 Mar-21 May-22 May-31 J 0 85 0 

BY4358 PLC 221(d)(4) Tulsa OK 948,420.19 2.990 2.740 0.250 Feb-62 3,486.97 478 455 23 Apr-22 N/A Apr-32 C N/A 96 0 

BY2802 CLC 221(d)(4) Chandler AZ 943,020.00 3.250 3.000 0.250 Sep-62 3,513.14 504 462 42 Sep-20 Nov-22 Nov-32 A 0 103 0 

BD4447 PLC 221(d)(4) Colorado Springs CO 854,996.52 4.490 4.240 0.250 Aug-61 3,934.74 473 449 24 Mar-22 N/A Oct-31 N N/A 90 0 AQ9294 PLC 221(d)(4) Central LA 625,920.96 3.750 3.460 0.290 Mar-60 2,642.49 459 432 27 Dec-21 N/A Aug-29 O N/A 64 0 

C-17
 
Principal Total Remaining

FHA Insurance Balance Servicing Monthly Original Remaining Period Lockout/ Remaining Lockout and Remaining

Program/Section as of the Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Prepayment Interest

Pool Security 538 Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Penalty Only Period

Number Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† Period (mos.)(8)† (mos.)(9)

C-18
 

BT2912 PLC 221(d)(4) Enterprise AL $ 612,497.27 2.850% 2.600% 0.250% Sep-62 $ 2,184.93 476 462 14 Jan-23 N/A Nov-32 M N/A 103 0 

BI4564 PLC 221(d)(4) Sealy TX 564,769.35 3.390 3.140 0.250 Feb-62 2,206.89 471 455 16 Nov-22 N/A Apr-32 I N/A 96 0 CC1562 PLC 221(d)(4) Westlake LA 526,945.92 3.390 3.140 0.250 Jul-59 2,133.82 458 424 34 May-21 Jul-21 Jul-31 D 0 87 0 

CA3344 PLC 207/223(f) Plainfield IN 517,815.90 3.650 3.400 0.250 Dec-53 2,379.78 395 357 38 Jan-21 Mar-22 Mar-31 J 0 83 0 

CD0840 PLC 232/223(f) Macomb IL 504,861.93 3.570 3.320 0.250 Jul-46 2,736.21 302 268 34 May-21 Jul-21 Jul-31 L 0 87 0 

CB1479 CLC 221(d)(4) Odessa TX 461,426.00 2.700 2.450 0.250 Apr-63 1,573.06 505 469 36 Mar-21 Jun-23 Jun-33 A 0 110 0 

BN0021 PLC 221(d)(4) Riviera Beach FL 453,397.33 3.690 3.390 0.300 Jul-61 1,865.69 467 448 19 Aug-22 N/A Sep-31 P N/A 89 0 

BY4356 PLC 221(d)(4) Tulsa OK 447,313.16 2.990 2.740 0.250 Feb-62 1,644.59 478 455 23 Apr-22 N/A Apr-32 C N/A 96 0 

BT1403 PLC 241(a) Las Vegas NV 352,589.64 3.930 3.680 0.250 Mar-54 1,669.12 387 360 27 Dec-21 N/A Oct-31 M N/A 90 0 

BX1506 PLC 221(d)(4) Chicago IL 332,418.39 3.800 3.550 0.250 Oct-60 1,402.76 474 439 35 Apr-21 Jun-22 Jun-32 A 0 98 0 

BN6739 PLC 221(d)(4) Midland TX 313,221.19 2.770 2.520 0.250 Mar-63 1,095.34 473 468 5 Oct-23 N/A May-33 N N/A 109 0 

CB3279 PLC 538 Eustace TX 269,543.40 3.650 3.050 0.600 Jan-56 1,194.16 416 382 34 May-21 Jul-21 Feb-31 D 0 82 0 BW6793 PLC 221(d)(4) Dundalk MD 152,182.54 2.740 2.490 0.250 Aug-62 (11) 476 461 15 Dec-22 N/A Oct-32 M N/A 102 0 

BV4449 PLC 241(a) Falmouth ME 139,606.72 3.500 3.120 0.380 Dec-53 629.88 389 357 32 Jul-21 N/A Jul-31 C N/A 87 0 

BQ9042 PLC 538 Gladstone MI 78,736.80 3.780 3.150 0.630 Apr-61 (12) 457 445 12 Mar-23 Jun-23 Jun-33 A 0 110 0 

(1)	 Based on publicly available information, including the disclosure documents for the Ginnie Mae Multifamily Certificates, the information with respect to the Mortgage Loans set forth on this

Exhibit A has been collected and summarized by the Sponsor. Capitalized terms have the meaning ascribed to them in the Offering Circular Supplement to which this updated Exhibit Arefers. 

(2)	 Certain Mortgage Loans insured under FHA insurance program Section 223(f) cannot be prepaid for a period of five (5) years from the date of endorsement, unless prior written approval

from FHA is obtained, regardless of any applicable lockout period associated with such mortgage loans.

(3)	 The principal and interest amounts shown in this column reflect only those amounts that are due in respect of the portion of each applicable Ginnie Mae Project Loan Certificate that is a

Trust PLC or each Ginnie Mae Construction Loan Certificate that is a Trust CLC. Because Ginnie Mae Construction Loan Certificates are not entitled to receive principal payments, theamounts identified for each Trust CLC are based upon the assumption that the Trust CLC has converted to a Trust PLC.

(4)	 The Lockout End Date is the first month when a Mortgage Loan is no longer subject to any lockout for voluntary prepayments of principal. For purposes of determining the Lockout End

Date in this Exhibit A, the Lockout End Date is based on the lockout period described in the note or other evidence of indebtedness without regard to any applicable statutory prepayment prohibition period.

(5)	 The Prepayment Penalty End Date is the first month when a Mortgage Loan is no longer subject to the payment of any Prepayment Penalties.(6)	 In some circumstances FHA may permit an FHA-insured Mortgage Loan to be refinanced or prepaid without regard to any Lockout or Prepayment Penalty Code.(7)	 The Remaining Lockout Period is the number of months from the Cut-off Date up to but not including the Lockout End Date.(8)	 The Total Remaining Lockout and Prepayment Penalty Period is the number of months from the Cut-off Date up to but not including the later of the Prepayment Penalty End Date

or Lockout End Date.

(9)	 The Remaining Interest Only Period reflects the number of months remaining during which each Ginnie Mae Construction Loan Certificate is expected to remain outstanding, based on the

remaining construction period for the Ginnie Mae Construction Loan Certificate.

(10)	 Pool Numbers CD0920, CD6842 and CD6846 will have monthly principal and interest payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage

Loans — Level Payments” in this Supplement.

(11)	 Pool Number BW6793, a Ginnie Mae Project Loan Certificate, converted from Pool Number BW6792, a Ginnie Mae Construction Loan Certificate, will have monthly principal and interest

payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans — Level Payments” in this Supplement.

(12)	 Pool Number BQ9042 will have an amortization schedule providing for level monthly principal and interest payments in the amount of $321.59 for each payment date prior to the related

maturity date, with a balloon payment equal to the remaining unpaid principal balance of the Mortgage Loan plus accrued interest thereon to be due as of its maturity date.

†	 The Lockout End Date, Prepayment Penalty End Date, Remaining Lockout Period and Total Remaining Lockout and Prepayment Penalty Period are based on the Sponsor’s interpretation of

provisions in the related notes. Differing interpretations of these provisions can result in dates and periods that may vary by as much as one month. 
Lockout and Prepayment Penalty Codes:

For each Lockout and Prepayment Penalty Code listed in the table below, lockout up to but not including the Lockout End Date to the extent applicable; from and including the Lockout End Dateor to the extent that the Lockout End Date is N/A, after the Issue Date, the applicable Initial Prepayment Penalty Percentage indicated below will apply to any prepaid amount made during theapplicable Initial Prepayment Penalty Percentage Term indicated below, which is the number of mortgage loan payment dates from and including the Lockout End Date or beyond the Issue Date,as applicable; thereafter, the applicable Subsequent Prepayment Penalty Percentages indicated below will apply to any prepaid amount, where each percentage applies for a period of twelve consecutive mortgage loan payment dates up to but not including the applicable Prepayment Penalty End Date.

Lockout/Prepayment Initial Prepayment Initial Prepayment Subsequent Prepayment

Penalty Code Penalty Percentage Penalty Percentage Term Penalty Percentages

A 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


B 10% 13 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


C 10% 11 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


D 10% 36 7%, 6%, 5%, 4%, 3%, 2%, 1%


E 6% 12 5%, 4%, 3%, 2%, 1%


F 10% 36 5%, 3%, 2%
 

G 10% 24 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


H 10% 10 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


I 10% 4 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

J 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%

K 9% 9 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

L 10% 24 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%

M 10% 9 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

N 10% 6 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

O 8% 7 7%, 6%, 5%, 4%, 3%, 2%, 1%

P 9% 12 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1% 

C-19
 
Updated Exhibit

A

Ginnie Mae REMIC Trust 2021-168

Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans(1)

FHA Insurance Principal Total Remaining

Program/ Balance Servicing Monthly Original Remaining Period Lockout/ Remaining Lockout and Remaining

Section 538 as of the Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Prepayment Interest

Pool Security Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Penalty Only Period

Number Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† Period (mos.)(8)† (mos.)(9)

CD9022 PLC 207/223(f) Newport News VA $37,068,686.46 2.300% 2.050% 0.250% Aug-56 $135,277.60 420 389 31 Aug-21 Oct-21 Oct-31 A 0 90 0 

CF5620 PLC 207/223(f) St. Louis MO 23,822,906.50 2.390 2.140 0.250 Sep-56 87,906.65 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

CF9486 PLC 207/223(f) High Point NC 22,393,930.37 2.300 2.050 0.250 Sep-56 81,582.80 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

CH0895 PLC 207/223(f) Charlottesville VA 22,107,657.46 2.390 2.140 0.250 Sep-56 81,577.37 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

CB5963 PLC 207/223(f) Charlotte NC 21,590,033.01 2.350 2.100 0.250 Aug-56 79,351.86 420 389 31 Aug-21 Oct-21 Oct-31 A 0 90 0 

CD4914 PLC 207/223(f) Montgomery AL 20,975,677.58 2.450 2.200 0.250 Sep-56 78,060.59 421 390 31 Aug-21 Nov-21 Nov-31 A 0 91 0 

CH1910 PLC 232/223(f) Scottsdale AZ 19,859,351.22 2.340 2.090 0.250 Sep-51 81,661.87 360 330 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

CB5964 PLC 232/223(f) Valley Cottage NY 13,327,312.95 2.430 2.180 0.250 Aug-56 49,540.82 420 389 31 Aug-21 Oct-21 Oct-31 A 0 90 0 CC9862 PLC 207/223(f) West Palm Beach FL 12,789,600.64 2.250 2.000 0.250 Sep-56 46,261.95 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

CF8607 PLC 232/223(f) Houston TX 11,818,331.87 2.410 2.160 0.250 Sep-56 43,733.50 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

CF8605 PLC 232/223(f) Tucson AZ 10,217,138.41 2.410 2.160 0.250 Sep-56 37,808.32 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CD8985 PLC 232/223(f) Menasha WI 9,341,859.30 3.200 2.950 0.250 Oct-47 47,059.88 314 283 31 Aug-21 Oct-21 Oct-31 A 0 90 0 CF2681 PLC 207/223(f) Baltimore MD 9,268,768.69 2.510 2.260 0.250 Aug-56 34,844.61 420 389 31 Aug-21 Oct-21 Oct-31 A 0 90 0 CE1162 PLC 232/223(f) Red Wing MN 8,395,359.73 2.500 2.250 0.250 Jun-55 32,282.23 406 375 31 Aug-21 Nov-21 Nov-31 A 0 91 0 

CH0896 PLC 207/223(f) Louisa VA 8,278,116.78 2.480 2.230 0.250 Sep-56 30,937.62 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

CD0950 PLC 221(d)(4) San Antonio TX 8,270,868.90 3.250 3.000 0.250 Oct-58 33,209.44 448 415 33 Jun-21 Aug-21 Aug-31 B 0 88 0 CG6804 PLC 232/223(f) Chesterton IN 8,114,378.25 2.540 2.290 0.250 Sep-56 30,582.94 421 390 31 Aug-21 Nov-21 Nov-31 A 0 91 0 

CC9861 PLC 221(d)(4) Atlanta GA 8,113,907.35 2.440 2.190 0.250 Oct-62 27,065.90 479 463 16 Nov-22 Dec-22 Dec-32 A 0 104 0 

CF8606 PLC 232/223(f) El Cajon CA 7,910,657.62 2.410 2.160 0.250 Sep-56 29,273.23 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

CF5117 PLC 232/223(f) Burnsville MN 7,520,538.28 2.430 2.180 0.250 Jun-55 28,643.24 406 375 31 Aug-21 Nov-21 Nov-31 A 0 91 0 

CF6653 PLC 207/223(f) Kingsport TN 7,025,052.72 2.360 2.110 0.250 Sep-56 25,812.32 421 390 31 Aug-21 Nov-21 Nov-31 A 0 91 0 

BR3540 PLC 221(d)(4) Katy TX 6,428,752.03 3.730 3.480 0.250 Apr-62 26,366.72 470 457 13 Feb-23 N/A Jun-32 C N/A 98 0 CF5118 PLC 232/223(f)/223(a)(7) Little Falls MN 5,858,925.46 2.440 2.190 0.250 Sep-56 21,773.09 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

CF5618 PLC 207/223(f) Hutchinson KS 5,631,735.32 2.390 2.140 0.250 Oct-56 20,745.97 421 391 30 Sep-21 Dec-21 Dec-31 A 0 92 0 

CC9857 PLC 207/223(f) Longview TX 5,233,627.58 2.420 2.170 0.250 Aug-56 19,427.19 420 389 31 Aug-21 Oct-21 Oct-31 A 0 90 0 

CF0046 PLC 207/223(f) Noblesville IN 4,076,600.15 2.340 2.090 0.250 Sep-56 14,936.22 421 390 31 Aug-21 Nov-21 Nov-31 A 0 91 0 

CF0272 PLC 207/223(f) Salem OR 3,591,381.94 2.650 2.200 0.450 Sep-56 13,746.01 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

CG5197 PLC 207/223(f) Wapakoneta OH 3,222,882.35 2.330 2.080 0.250 Sep-56 11,791.50 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

CE1159 PLC 213/223(a)(7) Willmar MN 3,196,995.17 2.420 2.170 0.250 Apr-55 12,203.30 404 373 31 Aug-21 Oct-21 Oct-31 A 0 90 0 CF0281 PLC 207/223(f) Milan IL 2,782,994.91 3.010 2.760 0.250 Jan-51 12,608.26 353 322 31 Aug-21 Oct-21 Oct-31 B 0 90 0 CD4205 PLC 232/223(a)(7) Peterborough NH 2,637,950.94 3.300 3.050 0.250 Jan-49 12,980.83 330 298 32 Jul-21 Sep-21 Sep-27 D 0 41 0 

BW2998 PLC 221(d)(4) Del Rio TX 2,347,838.96 3.150 2.900 0.250 Jan-59 9,257.59 450 418 32 Jul-21 Aug-21 Aug-31 B 0 88 0 

CA3339 PLC 221(d)(4) Commerce City CO 2,272,543.27 2.880 2.630 0.250 Nov-62 8,126.06 477 464 13 Feb-23 N/A Jan-33 E N/A 105 0 CG5188 PLC 221(d)(4) Glenwood Springs CO 2,178,267.56 2.970 2.720 0.250 May-63 7,846.54 472 470 2 Jan-24 N/A Jul-33 F N/A 111 0 

BV0316 CLC 221(d)(4) Suffolk VA 2,141,618.00 2.890 2.640 0.250 Aug-62 7,531.52 505 461 44 Jul-20 Oct-22 Oct-32 A 0 102 0 

BY2790 PLC 221(d)(4) Ruckersville VA 1,940,897.16 2.990 2.740 0.250 Sep-62 7,077.79 477 462 15 Dec-22 N/A Nov-32 E N/A 103 0 CC7500 PLC 232/223(a)(7) Monument CO 1,822,555.45 3.150 2.900 0.250 Jan-59 7,186.39 452 418 34 May-21 Jul-21 Jul-31 G 0 87 0 

CE1142 PLC 221(d)(4) St. Paul MN 1,783,278.59 3.190 2.940 0.250 Jan-60 6,964.41 463 430 33 Jun-21 Aug-21 Aug-31 B 0 88 0 

BN6739 PLC 221(d)(4) Midland TX 1,770,618.82 2.770 2.520 0.250 Mar-63 6,191.91 473 468 5 Oct-23 N/A May-33 H N/A 109 0 CE1151 PLC 221(d)(4) Austin TX 1,712,265.14 3.200 2.950 0.250 Jan-51 7,930.06 354 322 32 Jul-21 Sep-21 Sep-31 B 0 89 0 

CD9011 PLC 232 Paragould AR 1,553,220.23 3.400 3.150 0.250 Feb-52 7,185.94 367 335 32 Jul-21 Sep-21 Sep-31 B 0 89 0 

BY4296 PLC 221(d)(4) Durham NC 1,462,893.93 2.640 2.390 0.250 Jan-62 5,098.20 472 454 18 Sep-22 N/A Mar-32 F N/A 95 0 

CF8597 PLC 221(d)(4) Wauwatosa WI 1,429,541.70 2.990 2.740 0.250 Mar-63 5,177.48 477 468 9 Jun-23 N/A May-33 E N/A 109 0 

BD4447 PLC 221(d)(4) Colorado Springs CO 1,099,277.74 4.490 4.240 0.250 Aug-61 5,058.94 473 449 24 Mar-22 N/A Oct-31 H N/A 90 0 BI4564 PLC 221(d)(4) Sealy TX 1,066,353.32 3.390 3.140 0.250 Feb-62 4,166.87 471 455 16 Nov-22 N/A Apr-32 I N/A 96 0 CF6771 PLC 232/223(f) Decatur IL 945,127.85 2.880 2.580 0.300 Jul-51 4,166.21 358 328 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

BS8043 PLC 241(a)/232 Toledo OH 943,474.07 3.910 3.660 0.250 May-61 4,015.19 467 446 21 Jun-22 N/A Jul-31 J N/A 87 0 

CC7494 PLC 232/223(f) Cottage Grove OR 879,061.79 3.350 3.100 0.250 Oct-49 4,267.34 341 307 34 May-21 Jul-21 Jul-31 A 0 87 0 

CC9844 PLC 207/223(f) Nottingham MD 877,537.13 3.530 3.280 0.250 May-54 3,942.95 396 362 34 May-21 Jul-21 Jul-31 B 0 87 0 

C-20
 
FHA Insurance Principal Total Remaining

Program/ Balance Servicing Monthly Original Remaining Period Lockout/ Remaining Lockout and Remaining

Section 538 as of the Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Prepayment Interest

Pool Security Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Penalty Only Period

Number Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† Period (mos.)(8)† (mos.)(9)

C-21
 

CD0920 PLC 221(d)(4) Plano TX $ 867,960.36 3.550% 3.300% 0.250% Sep-60 (10) 472 438 34 May-21 Jul-22 Jul-31 K 0 87 0 

CB9443 PLC 207/223(f) Phoenix AZ 866,218.19 3.600 3.100 0.500 Mar-54 $ 3,938.22 394 360 34 May-21 Jul-22 Jul-31 K 0 87 0 

CD0839 PLC 232/223(f) South Elgin IL 861,574.88 3.570 3.320 0.250 Jul-46 4,669.48 302 268 34 May-21 Jul-21 Jul-31 L 0 87 0 

CD9533 PLC 232/223(a)(7) Stow OH 855,399.90 3.430 3.180 0.250 May-61 3,395.82 480 446 34 May-21 Jul-21 Jul-31 A 0 87 0 CD0931 PLC 538 East Brady PA 837,324.48 3.780 2.900 0.880 Mar-48 4,427.15 320 288 32 Jul-21 Sep-21 Sep-31 B 0 89 0 

BY2802 CLC 221(d)(4) Chandler AZ 805,124.00 3.250 3.000 0.250 Sep-62 2,999.42 504 462 42 Sep-20 Nov-22 Nov-32 A 0 103 0 

CB1479 CLC 221(d)(4) Odessa TX 694,681.00 2.700 2.450 0.250 Apr-63 2,368.26 505 469 36 Mar-21 Jun-23 Jun-33 A 0 110 0 

CD0868 PLC 232/223(f) Denton TX 692,898.01 3.430 3.130 0.300 Jul-54 3,065.02 399 364 35 Apr-21 Jun-22 Jun-31 K 0 86 0 

CB4909 PLC 207/223(f) La Palma CA 601,734.80 3.380 3.130 0.250 Nov-53 2,679.21 392 356 36 Mar-21 May-22 May-31 K 0 85 0 

BV3356 PLC 221(d)(4) Gainesville GA 592,318.01 2.350 2.100 0.250 Feb-57 2,154.95 411 395 16 Nov-22 N/A Apr-32 I N/A 96 0 CA2650 PLC 221(d)(4) Kennedale TX 547,230.58 2.930 2.680 0.250 Aug-62 1,979.20 473 461 12 Mar-23 N/A Oct-32 H N/A 102 0 BX4642 PLC 221(d)(4) San Antonio TX 474,863.07 2.950 2.700 0.250 Mar-62 1,733.04 463 456 7 Aug-23 N/A May-32 M N/A 97 0 

BN0021 PLC 221(d)(4) Riviera Beach FL 359,337.84 3.690 3.390 0.300 Jul-61 1,478.64 467 448 19 Aug-22 N/A Sep-31 J N/A 89 0 

CC1562 PLC 221(d)(4) Westlake LA 335,994.23 3.390 3.140 0.250 Jul-59 1,360.58 458 424 34 May-21 Jul-21 Jul-31 B 0 87 0 

CA3344 PLC 207/223(f) Plainfield IN 311,024.49 3.650 3.400 0.250 Dec-53 1,429.40 395 357 38 Jan-21 Mar-22 Mar-31 K 0 83 0 

CB3279 PLC 538 Eustace TX 297,998.91 3.650 3.050 0.600 Jan-56 1,320.22 416 382 34 May-21 Jul-21 Feb-31 B 0 82 0 CD0840 PLC 232/223(f) Macomb IL 272,448.25 3.570 3.320 0.250 Jul-46 1,476.59 302 268 34 May-21 Jul-21 Jul-31 L 0 87 0 

BW6793 PLC 221(d)(4) Dundalk MD 191,423.14 2.740 2.490 0.250 Aug-62 (11) 476 461 15 Dec-22 N/A Oct-32 N N/A 102 0 

BO7721 PLC 241(a) Franklin IN 179,334.42 4.190 3.940 0.250 Aug-50 936.32 335 317 18 Sep-22 N/A May-31 O N/A 85 0 

CD0925 PLC 221(d)(4) Dallas TX 135,466.55 2.800 2.550 0.250 Apr-63 475.46 475 469 6 Sep-23 N/A Jun-33 P N/A 110 0 

CD3306 PLC 221(d)(4) Lafayette Parish LA 134,395.26 2.930 2.680 0.250 Oct-62 484.94 469 463 6 Sep-23 N/A Dec-32 Q N/A 104 0 CD6843 PLC 232/223(f)/223(a)(7) Brook Park OH 53,552.31 2.780 2.530 0.250 Aug-51 232.79 361 329 32 Jul-21 Oct-21 Oct-31 A 0 90 0 

BQ9042 PLC 538 Gladstone MI 40,503.45 3.780 3.150 0.630 Apr-61 (12) 457 445 12 Mar-23 Jun-23 Jun-33 A 0 110 0 

(1)	 Based on publicly available information, including the disclosure documents for the Ginnie Mae Multifamily Certificates, the information with respect to the Mortgage Loans set forth on this

Exhibit A has been collected and summarized by the Sponsor. Capitalized terms have the meaning ascribed to them in the Offering Circular Supplement to which this updated Exhibit Arefers. 

(2)	 Certain Mortgage Loans insured under FHA insurance program Section 223(f) cannot be prepaid for a period of five (5) years from the date of endorsement, unless prior written approval

from FHA is obtained, regardless of any applicable lockout period associated with such mortgage loans.

(3)	 The principal and interest amounts shown in this column reflect only those amounts that are due in respect of the portion of each applicable Ginnie Mae Project Loan Certificate that is a

Trust PLC or each Ginnie Mae Construction Loan Certificate that is a Trust CLC. Because Ginnie Mae Construction Loan Certificates are not entitled to receive principal payments, theamounts identified for each Trust CLC are based upon the assumption that the Trust CLC has converted to a Trust PLC.

(4)	 The Lockout End Date is the first month when a Mortgage Loan is no longer subject to any lockout for voluntary prepayments of principal. For purposes of determining the Lockout End

Date in this Exhibit A, the Lockout End Date is based on the lockout period described in the note or other evidence of indebtedness without regard to any applicable statutory prepayment prohibition period.

(5)	 The Prepayment Penalty End Date is the first month when a Mortgage Loan is no longer subject to the payment of any Prepayment Penalties.(6)	 In some circumstances FHA may permit an FHA-insured Mortgage Loan to be refinanced or prepaid without regard to any Lockout or Prepayment Penalty Code.(7)	 The Remaining Lockout Period is the number of months from the Cut-off Date up to but not including the Lockout End Date.(8)	 The Total Remaining Lockout and Prepayment Penalty Period is the number of months from the Cut-off Date up to but not including the later of the Prepayment Penalty End Date or Lockout End Date.

(9)	 The Remaining Interest Only Period reflects the number of months remaining during which each Ginnie Mae Construction Loan Certificate is expected to remain outstanding, based on the

remaining construction period for the Ginnie Mae Construction Loan Certificate.

(10)	 Pool Number CD0920 will have monthly principal and interest payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans — Level Payments” in this Supplement.

(11)	 Pool Number BW6793, a Ginnie Mae Project Loan Certificate, converted from Pool Number BW6792, a Ginnie Mae Construction Loan Certificate, will have monthly principal and interest

payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans — Level Payments” in this Supplement.
(12)	 Pool Number BQ9042 will have an amortization schedule providing for level monthly principal and interest payments in the amount of $165.43 for each payment date prior to the related

maturity date, with a balloon payment equal to the remaining unpaid principal balance of the Mortgage Loan plus accrued interest thereon to be due as of its maturity date.

†	 The Lockout End Date, Prepayment Penalty End Date, Remaining Lockout Period and Total Remaining Lockout and Prepayment Penalty Period are based on the Sponsor’s interpretation of

provisions in the related notes. Differing interpretations of these provisions can result in dates and periods that may vary by as much as one month.

Lockout and Prepayment Penalty Codes:

For each Lockout and Prepayment Penalty Code listed in the table below, lockout up to but not including the Lockout End Date to the extent applicable; from and including the Lockout End Dateor to the extent that the Lockout End Date is N/A, after the Issue Date, the applicable Initial Prepayment Penalty Percentage indicated below will apply to any prepaid amount made during theapplicable Initial Prepayment Penalty Percentage Term indicated below, which is the number of mortgage loan payment dates from and including the Lockout End Date or beyond the Issue Date,as applicable; thereafter, the applicable Subsequent Prepayment Penalty Percentages indicated below will apply to any prepaid amount, where each percentage applies for a period of twelve consecutive mortgage loan payment dates up to but not including the applicable Prepayment Penalty End Date.

Lockout/Prepayment Initial Prepayment Initial Prepayment Subsequent Prepayment

Penalty Code Penalty Percentage Penalty Percentage Term Penalty Percentages

A 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


B 10% 36 7%, 6%, 5%, 4%, 3%, 2%, 1%


C 10% 3 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


D 10% 36 5%, 3%, 2%
 

E 10% 10 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


F 10% 5 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


G 10% 24 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


H 10% 6 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


I 10% 4 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

J 9% 12 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

K 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%

L 10% 24 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%

M 9% 8 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

N 10% 9 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

O 9% 7 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

P 10% 8 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

Q 10% 2 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1% 

C-22
 
Updated Exhibit

A

Ginnie Mae REMIC Trust 2021-186

Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans(1)

Total Remaining

FHA Insurance Principal Lockout and Remaining

Program/ Balance Servicing Monthly Original Remaining Period Prepayment Lockout/ Remaining Prepayment Interest

Section as of the Mortgage and Principal Term to Term to from Lockout Penalty Prepayment Lockout Penalty Only

Pool Security 538 Guarantee Cut-off Interest Guarantee Maturity and Maturity Maturity Issuance Issue End End Penalty Period Period Period

Number Subgroup Type Program(2) City/County State Date Rate Certificate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† (mos.)(8)† (mos.)(9)

BW2999 1A PLC 207/223(f) Houston TX $38,768,580.05 2.200% 1.950% 0.250% Oct-56 $138,987.18 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 CD1629 1A PLC 207/223(f) Media Borough PA 37,186,965.84 2.240 1.990 0.250 Oct-56 134,085.07 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 CH9335 1A PLC 207/223(f) Seattle WA 31,749,161.41 2.400 2.150 0.250 Oct-56 117,122.63 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 

CH3090 1A PLC 207/223(f) Winston-Salem NC 30,210,339.06 2.190 1.940 0.250 Oct-56 108,149.82 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 CH0890 1A PLC 232/223(f) Bronx NY 27,587,176.26 2.910 2.660 0.250 Nov-53 115,783.90 386 356 30 Sep-21 Nov-21 Nov-31 B 0 91 0 CH9336 1A PLC 207/223(f) San Antonio TX 20,775,908.03 2.200 1.950 0.250 Oct-56 74,482.61 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 CH0900 1A PLC 207/223(f) Boardman OR 19,532,927.18 2.340 2.090 0.250 Oct-56 71,444.31 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 CD4905 1A PLC 207/223(f) Cary NC 15,292,319.63 2.580 2.330 0.250 Apr-53 62,338.55 379 349 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CF1629 1A PLC 207/223(f) Horseheads NY 15,239,859.93 2.500 2.250 0.250 Sep-56 57,116.38 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CD4904 1A PLC 207/223(f) Charlotte NC 13,637,092.13 2.580 2.330 0.250 Apr-53 55,591.08 379 349 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CF1054 1A PLC 207/223(f) East Lansing MI 13,516,275.28 2.330 2.080 0.250 Oct-56 49,367.14 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 CH0884 1A PLC 232/223(f) Easton PA 13,097,471.59 3.090 2.840 0.250 Feb-50 61,255.47 341 311 30 Sep-21 Nov-21 Nov-31 B 0 91 0 

CF9495 1A PLC 221(d)(4) Newport News VA 12,536,560.40 2.910 2.660 0.250 Oct-60 46,436.61 469 439 30 Sep-21 Nov-21 Nov-31 C 0 91 0 

CD6849 1A PLC 207/223(f) Waterville OH 12,037,995.81 2.390 2.140 0.250 Oct-56 44,345.10 421 391 30 Sep-21 Dec-21 Dec-31 A 0 92 0 

CH0886 1A PLC 232/223(f) Orangeville PA 10,477,977.64 3.090 2.840 0.250 Feb-50 49,004.37 341 311 30 Sep-21 Nov-21 Nov-31 B 0 91 0 

CG6803 1A PLC 232/223(f) Fort Wayne IN 10,173,930.35 2.540 2.290 0.250 Oct-56 38,282.24 421 391 30 Sep-21 Dec-21 Dec-31 A 0 92 0 BT2178 1A PLC 207/223(f) Abington MA 9,547,853.40 2.420 2.040 0.380 Oct-56 35,322.17 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 CF6793 1A PLC 232/223(f) Elizabethtown KY 9,060,753.06 2.300 2.050 0.250 Oct-56 32,952.24 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 CH0888 1A PLC 232/223(f) Easton PA 8,731,648.22 3.090 2.840 0.250 Feb-50 40,836.98 341 311 30 Sep-21 Nov-21 Nov-31 B 0 91 0 

CF6683 1A PLC 207/223(f) Atlanta GA 8,589,798.08 2.520 2.270 0.250 Oct-56 32,230.53 421 391 30 Sep-21 Dec-21 Dec-31 A 0 92 0 CG6805 1A PLC 207/223(f) Chattanooga TN 8,359,474.53 2.340 2.090 0.250 Sep-56 30,628.20 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CF6771 1A PLC 232/223(f) Decatur IL 7,602,339.06 2.880 2.580 0.300 Jul-51 33,511.81 358 328 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CD4915 1A PLC 207/223(f) Holland MI 7,268,484.50 2.290 2.040 0.250 Sep-56 26,441.90 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CD9022 1A PLC 207/223(f) Newport News VA 6,708,678.52 2.300 2.050 0.250 Aug-56 24,482.49 420 389 31 Aug-21 Oct-21 Oct-31 A 0 90 0 

CH0885 1A PLC 232/223(f) Millville PA 6,112,153.34 3.090 2.840 0.250 Feb-50 28,585.89 341 311 30 Sep-21 Nov-21 Nov-31 B 0 91 0 CF6791 1A PLC 207/223(f) Akron OH 5,238,348.92 2.440 2.190 0.250 Oct-46 25,161.16 301 271 30 Sep-21 Dec-21 Dec-31 A 0 92 0 

CF5126 1A PLC 232/223(f)/223(a)(7) Princeton MN 5,197,858.48 2.400 2.150 0.250 Oct-56 19,174.89 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 CE9960 1A PLC 207/223(f) Jackson MI 4,782,885.14 2.250 2.000 0.250 Sep-56 17,300.43 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CH0887 1A PLC 232/223(f) Stevens PA 4,743,359.94 3.090 2.840 0.250 Feb-50 22,184.19 341 311 30 Sep-21 Nov-21 Nov-31 B 0 91 0 

BY2790 1A PLC 221(d)(4) Ruckersville VA 3,692,903.51 2.990 2.740 0.250 Sep-62 13,466.76 477 462 15 Dec-22 N/A Nov-32 D N/A 103 0 BV0316 1A CLC 221(d)(4) Suffolk VA 3,529,514.00 2.890 2.640 0.250 Aug-62 12,412.39 505 461 44 Jul-20 Oct-22 Oct-32 A 0 102 0 

CA3339 1A PLC 221(d)(4) Commerce City CO 3,321,416.60 2.880 2.630 0.250 Nov-62 11,876.57 477 464 13 Feb-23 N/A Jan-33 D N/A 105 0 CF0272 1A PLC 207/223(f) Salem OR 3,317,895.34 2.650 2.200 0.450 Sep-56 12,699.24 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

BW6782 1A PLC 221(d)(4) Charlotte NC 3,087,126.37 2.990 2.740 0.250 Aug-62 11,270.71 471 461 10 May-23 N/A Oct-32 E N/A 102 0 CB5966 1A PLC 207/223(f) New London CT 2,817,226.60 2.320 2.070 0.250 Oct-56 10,275.02 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 CD4901 1A PLC 207/223(f) Amity OR 2,715,634.01 2.380 2.130 0.250 Sep-56 10,006.49 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 BY2802 1A CLC 221(d)(4) Chandler AZ 2,550,368.00 3.250 3.000 0.250 Sep-62 9,501.17 504 462 42 Sep-20 Nov-22 Nov-32 A 0 103 0 CD4916 1A PLC 207/223(f) Sault Sainte Marie MI 2,487,369.20 2.290 2.040 0.250 Sep-56 (10) 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

CC9853 1A PLC 207/223(f) Fort Lauderdale FL 2,344,690.38 2.570 2.320 0.250 Nov-46 11,382.33 301 272 29 Oct-21 Jan-22 Jan-32 A 0 93 0 

BQ8822 1A PLC 221(d)(4) Kaufman TX 1,638,854.57 3.680 3.430 0.250 Nov-61 6,706.20 476 452 24 Mar-22 N/A Jan-32 F N/A 93 0 CD4914 1A PLC 207/223(f) Montgomery AL 1,585,502.84 2.450 2.200 0.250 Sep-56 5,900.42 421 390 31 Aug-21 Nov-21 Nov-31 A 0 91 0 CF2681 1A PLC 207/223(f) Baltimore MD 1,580,673.74 2.510 2.260 0.250 Aug-56 5,942.32 420 389 31 Aug-21 Oct-21 Oct-31 A 0 90 0 

CD8993 1A PLC 221(d)(4)/223(a)(7) Louisa VA 1,539,729.21 2.800 2.550 0.250 Oct-60 5,608.90 468 439 29 Oct-21 Dec-21 Feb-26 G 0 22 0 

CF5620 1A PLC 207/223(f) St. Louis MO 1,373,348.63 2.390 2.140 0.250 Sep-56 5,067.66 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CD8985 1A PLC 232/223(f) Menasha WI 1,325,395.91 3.200 2.950 0.250 Oct-47 6,676.72 314 283 31 Aug-21 Oct-21 Oct-31 A 0 90 0 CD0935 1A CLC 221(d)(4) Waller TX 1,219,124.00 3.140 2.890 0.250 May-63 4,463.21 500 470 30 Sep-21 Jul-23 Jul-33 A 0 111 0 BR3540 1A PLC 221(d)(4) Katy TX 1,184,244.52 3.730 3.480 0.250 Apr-62 4,857.03 470 457 13 Feb-23 N/A Jun-32 H N/A 98 0 

BN6739 1A PLC 221(d)(4) Midland TX 1,119,747.63 2.770 2.520 0.250 Mar-63 3,915.79 473 468 5 Oct-23 N/A May-33 I N/A 109 0 

BT2912 1A PLC 221(d)(4) Enterprise AL 963,625.47 2.850 2.600 0.250 Sep-62 3,437.50 476 462 14 Jan-23 N/A Nov-32 F N/A 103 0 CB1479 1A CLC 221(d)(4) Odessa TX 935,579.00 2.700 2.450 0.250 Apr-63 3,189.51 505 469 36 Mar-21 Jun-23 Jun-33 A 0 110 0 CH0896 1A PLC 207/223(f) Louisa VA 881,075.83 2.480 2.230 0.250 Sep-56 3,292.82 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CH1910 1A PLC 232/223(f) Scottsdale AZ 869,145.90 2.340 2.090 0.250 Sep-51 3,573.94 360 330 30 Sep-21 Nov-21 Nov-31 A 0 91 0 BI4564 1A PLC 221(d)(4) Sealy TX 823,767.05 3.390 3.140 0.250 Feb-62 3,218.95 471 455 16 Nov-22 N/A Apr-32 E N/A 96 0 

C-23
 
Total Remaining

FHA Insurance Principal Lockout and Remaining

Program/ Balance Servicing Monthly Original Remaining Period Prepayment Lockout/ Remaining Prepayment Interest

Section as of the Mortgage and Principal Term to Term to from Lockout Penalty Prepayment Lockout Penalty Only

Pool Security 538 Guarantee Cut-off Interest Guarantee Maturity and Maturity Maturity Issuance Issue End End Penalty Period Period Period

Number Subgroup Type Program(2) City/County State Date Rate Certificate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† (mos.)(8)† (mos.)(9)

BD4447 1A PLC 221(d)(4) Colorado Springs CO $ 684,633.08 4.490% 4.240% 0.250% Aug-61 $ 3,150.72 473 449 24 Mar-22 N/A Oct-31 I N/A 90 0 

BQ9073 1A PLC 538 Henderson TX 573,029.84 3.350 2.850 0.500 Aug-61 (11) 456 449 7 Aug-23 Oct-23 Oct-33 A 0 114 0 

BW2998 1A PLC 221(d)(4) Del Rio TX 445,062.10 3.150 2.900 0.250 Jan-59 1,754.89 450 418 32 Jul-21 Aug-21 Aug-31 B 0 88 0 

CD0950 1A PLC 221(d)(4) San Antonio TX 444,720.12 3.250 3.000 0.250 Oct-58 1,785.65 448 415 33 Jun-21 Aug-21 Aug-31 B 0 88 0 

CG6804 1A PLC 232/223(f) Chesterton IN 441,844.63 2.540 2.290 0.250 Sep-56 1,665.30 421 390 31 Aug-21 Nov-21 Nov-31 A 0 91 0 

CE1151 1A PLC 221(d)(4) Austin TX 436,757.93 3.200 2.950 0.250 Jan-51 2,022.77 354 322 32 Jul-21 Sep-21 Sep-31 B 0 89 0 CF0281 1A PLC 207/223(f) Milan IL 436,735.90 3.010 2.760 0.250 Jan-51 1,978.62 353 322 31 Aug-21 Oct-21 Oct-31 B 0 90 0 CE1162 1A PLC 232/223(f) Red Wing MN 380,521.91 2.500 2.250 0.250 Jun-55 1,463.20 406 375 31 Aug-21 Nov-21 Nov-31 A 0 91 0 BN0021 1A PLC 221(d)(4) Riviera Beach FL 377,520.40 3.690 3.390 0.300 Jul-61 1,553.46 467 448 19 Aug-22 N/A Sep-31 J N/A 89 0 BS8121 1A PLC 241(a) Fort Gratiot MI 362,750.61 3.800 3.500 0.300 Jan-61 1,525.97 471 442 29 Oct-21 N/A Mar-31 E N/A 83 0 

BW6793 1A PLC 221(d)(4) Dundalk MD 354,661.90 2.740 2.490 0.250 Aug-62 (12) 476 461 15 Dec-22 N/A Oct-32 F N/A 102 0 

BX4642 1A PLC 221(d)(4) San Antonio TX 313,911.05 2.950 2.700 0.250 Mar-62 1,145.64 463 456 7 Aug-23 N/A May-32 K N/A 97 0 BT1403 1A PLC 241(a) Las Vegas NV 249,044.06 3.930 3.680 0.250 Mar-54 1,178.95 387 360 27 Dec-21 N/A Oct-31 F N/A 90 0 

CA2650 1A PLC 221(d)(4) Kennedale TX 169,903.78 2.930 2.680 0.250 Aug-62 614.50 473 461 12 Mar-23 N/A Oct-32 I N/A 102 0 

BQ9042 1A PLC 538 Gladstone MI 125,303.10 3.780 3.150 0.630 Apr-61 (11) 457 445 12 Mar-23 Jun-23 Jun-33 A 0 110 0 CD0925 1A PLC 221(d)(4) Dallas TX 106,775.42 2.800 2.550 0.250 Apr-63 374.76 475 469 6 Sep-23 N/A Jun-33 L N/A 110 0 BQ9044 1A CLC 538 Mansura LA 64,286.00 3.800 3.300 0.500 May-61 (11) 480 446 34 May-21 Jul-23 Jul-33 A 0 111 0 CE1158 1A PLC 221(d)(4) Shakopee MN 64,235.52 2.650 2.400 0.250 Jun-62 222.80 478 459 19 Aug-22 N/A Aug-32 M N/A 100 0 BO7721 1A PLC 241(a) Franklin IN 28,934.49 4.190 3.940 0.250 Aug-50 151.07 335 317 18 Sep-22 N/A May-31 N N/A 85 0 BW8629 1A PLC 221(d)(4) Leavenworth WA 10,445.24 3.200 2.950 0.250 Mar-63 39.10 473 468 5 Oct-23 N/A May-33 I N/A 109 0 

BT1396 1A PLC 221(d)(4) St. Louis MO 4,207.38 3.880 3.630 0.250 Jul-61 (13) 472 448 24 Mar-22 N/A Sep-31 O N/A 89 0 BW2999 1B PLC 207/223(f) Houston TX 2,838,816.73 2.200 1.950 0.250 Oct-56 10,177.29 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 CH9335 1B PLC 207/223(f) Seattle WA 2,617,021.07 2.400 2.150 0.250 Oct-56 9,654.19 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 

CH3090 1B PLC 207/223(f) Winston-Salem NC 2,490,178.73 2.190 1.940 0.250 Oct-56 8,914.58 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 CD1629 1B PLC 207/223(f) Media Borough PA 2,468,083.57 2.240 1.990 0.250 Oct-56 8,899.17 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 CH0890 1B PLC 232/223(f) Bronx NY 2,173,233.08 2.910 2.660 0.250 Nov-53 9,121.10 386 356 30 Sep-21 Nov-21 Nov-31 B 0 91 0 

CH9336 1B PLC 207/223(f) San Antonio TX 1,712,516.39 2.200 1.950 0.250 Oct-56 6,139.45 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 

CH0900 1B PLC 207/223(f) Boardman OR 1,610,060.45 2.340 2.090 0.250 Oct-56 5,889.01 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 

CD6849 1B PLC 207/223(f) Waterville OH 1,539,259.25 2.390 2.140 0.250 Oct-56 5,670.26 421 391 30 Sep-21 Dec-21 Dec-31 A 0 92 0 CD4905 1B PLC 207/223(f) Cary NC 1,257,470.29 2.580 2.330 0.250 Apr-53 5,126.03 379 349 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CF1629 1B PLC 207/223(f) Horseheads NY 1,253,157.32 2.500 2.250 0.250 Sep-56 4,696.62 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CD4904 1B PLC 207/223(f) Charlotte NC 1,121,363.18 2.580 2.330 0.250 Apr-53 4,571.19 379 349 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CH0884 1B PLC 232/223(f) Easton PA 1,076,991.07 3.090 2.840 0.250 Feb-50 5,036.97 341 311 30 Sep-21 Nov-21 Nov-31 B 0 91 0 

CF9495 1B PLC 221(d)(4) Newport News VA 881,235.33 2.910 2.660 0.250 Oct-60 3,264.18 469 439 30 Sep-21 Nov-21 Nov-31 C 0 91 0 CH0886 1B PLC 232/223(f) Orangeville PA 861,592.90 3.090 2.840 0.250 Feb-50 4,029.58 341 311 30 Sep-21 Nov-21 Nov-31 B 0 91 0 

CG6803 1B PLC 232/223(f) Fort Wayne IN 836,591.17 2.540 2.290 0.250 Oct-56 3,147.91 421 391 30 Sep-21 Dec-21 Dec-31 A 0 92 0 CH0888 1B PLC 232/223(f) Easton PA 717,994.06 3.090 2.840 0.250 Feb-50 3,357.98 341 311 30 Sep-21 Nov-21 Nov-31 B 0 91 0 

CF6683 1B PLC 207/223(f) Atlanta GA 706,328.67 2.520 2.270 0.250 Oct-56 2,650.28 421 391 30 Sep-21 Dec-21 Dec-31 A 0 92 0 

CG6805 1B PLC 207/223(f) Chattanooga TN 689,054.02 2.340 2.090 0.250 Sep-56 2,524.62 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

CF6771 1B PLC 232/223(f) Decatur IL 625,131.19 2.880 2.580 0.300 Jul-51 2,755.64 358 328 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CD4915 1B PLC 207/223(f) Holland MI 599,125.55 2.290 2.040 0.250 Sep-56 2,179.55 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CD9022 1B PLC 207/223(f) Newport News VA 552,982.11 2.300 2.050 0.250 Aug-56 2,018.04 420 389 31 Aug-21 Oct-21 Oct-31 A 0 90 0 

CH0885 1B PLC 232/223(f) Millville PA 502,595.81 3.090 2.840 0.250 Feb-50 2,350.59 341 311 30 Sep-21 Nov-21 Nov-31 B 0 91 0 CF6791 1B PLC 207/223(f) Akron OH 431,785.57 2.440 2.190 0.250 Oct-46 2,073.98 301 271 30 Sep-21 Dec-21 Dec-31 A 0 92 0 CF5126 1B PLC 232/223(f)/223(a)(7) Princeton MN 429,604.02 2.400 2.150 0.250 Oct-56 1,584.81 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 

CE9960 1B PLC 207/223(f) Jackson MI 394,243.07 2.250 2.000 0.250 Sep-56 1,426.04 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CH0887 1B PLC 232/223(f) Stevens PA 390,040.55 3.090 2.840 0.250 Feb-50 1,824.18 341 311 30 Sep-21 Nov-21 Nov-31 B 0 91 0 

CF0272 1B PLC 207/223(f) Salem OR 273,486.60 2.650 2.200 0.450 Sep-56 1,046.77 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CB5966 1B PLC 207/223(f) New London CT 232,217.35 2.320 2.070 0.250 Oct-56 846.95 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 

CD4901 1B PLC 207/223(f) Amity OR 223,842.31 2.380 2.130 0.250 Sep-56 824.81 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CD4916 1B PLC 207/223(f) Sault Sainte Marie MI 205,027.94 2.290 2.040 0.250 Sep-56 (10) 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CC9853 1B PLC 207/223(f) Fort Lauderdale FL 192,800.17 2.570 2.320 0.250 Nov-46 935.95 301 272 29 Oct-21 Jan-22 Jan-32 A 0 93 0 CF1054 1B PLC 207/223(f) East Lansing MI 145,298.28 2.330 2.080 0.250 Oct-56 530.69 420 391 29 Oct-21 Dec-21 Dec-31 A 0 92 0 

CD4914 1B PLC 207/223(f) Montgomery AL 130,688.96 2.450 2.200 0.250 Sep-56 486.36 421 390 31 Aug-21 Nov-21 Nov-31 A 0 91 0 CF2681 1B PLC 207/223(f) Baltimore MD 130,290.52 2.510 2.260 0.250 Aug-56 489.81 420 389 31 Aug-21 Oct-21 Oct-31 A 0 90 0 

CD8993 1B PLC 221(d)(4)/223(a)(7) Louisa VA 126,609.42 2.800 2.550 0.250 Oct-60 461.21 468 439 29 Oct-21 Dec-21 Feb-26 G 0 22 0 CF5620 1B PLC 207/223(f) St. Louis MO 113,200.73 2.390 2.140 0.250 Sep-56 417.71 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CD8985 1B PLC 232/223(f) Menasha WI 108,985.87 3.200 2.950 0.250 Oct-47 549.02 314 283 31 Aug-21 Oct-21 Oct-31 A 0 90 0 

CH0896 1B PLC 207/223(f) Louisa VA 72,624.26 2.480 2.230 0.250 Sep-56 271.42 420 390 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

C-24
 
C-25
 

Total Remaining

FHA Insurance Principal Lockout and Remaining

Program/ Balance Servicing Monthly Original Remaining Period Prepayment Lockout/ Remaining Prepayment Interest

Section as of the Mortgage and Principal Term to Term to from Lockout Penalty Prepayment Lockout Penalty Only

Pool Security 538 Guarantee Cut-off Interest Guarantee Maturity and Maturity Maturity Issuance Issue End End Penalty Period Period Period

Number Subgroup Type Program(2) City/County State Date Rate Certificate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† (mos.)(8)† (mos.)(9)

CH1910 1B PLC 232/223(f) Scottsdale AZ $ 71,640.92 2.340% 2.090% 0.250% Sep-51 $ 294.59 360 330 30 Sep-21 Nov-21 Nov-31 A 0 91 0 BW2998 1B PLC 221(d)(4) Del Rio TX 36,595.43 3.150 2.900 0.250 Jan-59 144.30 450 418 32 Jul-21 Aug-21 Aug-31 B 0 88 0 

CD0950 1B PLC 221(d)(4) San Antonio TX 36,567.31 3.250 3.000 0.250 Oct-58 146.83 448 415 33 Jun-21 Aug-21 Aug-31 B 0 88 0 

CG6804 1B PLC 232/223(f) Chesterton IN 36,330.87 2.540 2.290 0.250 Sep-56 136.93 421 390 31 Aug-21 Nov-21 Nov-31 A 0 91 0 CE1151 1B PLC 221(d)(4) Austin TX 35,912.62 3.200 2.950 0.250 Jan-51 166.32 354 322 32 Jul-21 Sep-21 Sep-31 B 0 89 0 CF0281 1B PLC 207/223(f) Milan IL 35,910.80 3.010 2.760 0.250 Jan-51 162.69 353 322 31 Aug-21 Oct-21 Oct-31 B 0 90 0 

(1)	 Based on publicly available information, including the disclosure documents for the Ginnie Mae Multifamily Certificates, the information with respect to the Mortgage Loans set forth on this

Exhibit A has been collected and summarized by the Sponsor. Capitalized terms have the meaning ascribed to them in the Offering Circular Supplement to which this updated Exhibit Arefers. 

(2)	 Certain Mortgage Loans insured under FHA insurance program Section 223(f) cannot be prepaid for a period of five (5) years from the date of endorsement, unless prior written approval

from FHA is obtained, regardless of any applicable lockout period associated with such mortgage loans.

(3)	 The principal and interest amounts shown in this column reflect only those amounts that are due in respect of the portion of each applicable Ginnie Mae Project Loan Certificate that is a

Trust PLC or each Ginnie Mae Construction Loan Certificate that is a Trust CLC. Because Ginnie Mae Construction Loan Certificates are not entitled to receive principal payments, theamounts identified for each Trust CLC are based upon the assumption that the Trust CLC has converted to a Trust PLC.

(4)	 The Lockout End Date is the first month when a Mortgage Loan is no longer subject to any lockout for voluntary prepayments of principal. For purposes of determining the Lockout End

Date in this Exhibit A, the Lockout End Date is based on the lockout period described in the note or other evidence of indebtedness without regard to any applicable statutory prepayment prohibition period.

(5)	 The Prepayment Penalty End Date is the first month when a Mortgage Loan is no longer subject to the payment of any Prepayment Penalties.(6)	 In some circumstances FHA may permit an FHA-insured Mortgage Loan to be refinanced or prepaid without regard to any Lockout or Prepayment Penalty Code.(7)	 The Remaining Lockout Period is the number of months from the Cut-off Date up to but not including the Lockout End Date.(8)	 The Total Remaining Lockout and Prepayment Penalty Period is the number of months from the Cut-off Date up to but not including the later of the Prepayment Penalty End Date or Lockout End Date. 

(9)	 The Remaining Interest Only Period reflects the number of months remaining during which each Ginnie Mae Construction Loan Certificate is expected to remain outstanding, based on the

remaining construction period for the Ginnie Mae Construction Loan Certificate.

(10)	 Pool Number CD4916 will have monthly principal and interest payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans — Level Payments” in this Supplement.

(11)	 The following Pool Numbers will have amortization schedules providing for level monthly principal and interest payments in the amounts indicated in the table below for each payment

date prior to the related maturity date, with balloon payments equal to the remaining unpaid principal balance of the related Mortgage Loan plus accrued interest thereon to be due as ofits maturity date:

Pool Number Monthly Principal and Interest

BQ9042 ........................................................................... $ 511.79
 

BQ9044 ........................................................................... 260.74
 

BQ9073 ........................................................................... 2,183.91


Pool Number BW6793, a Ginnie Mae Project Loan Certificate, converted from Pool Number BW6792, a Ginnie Mae Construction Loan Certificate, will have monthly principal and interest (12) 

payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans — Level Payments” in this Supplement.
Pool Number BT1396, a Ginnie Mae Project Loan Certificate, converted from Pool Number BT1395, a Ginnie Mae Construction Loan Certificate, will have monthly principal and interest pay­ (13) 

ments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans

— Level Payments” in this Supplement.

†	 The Lockout End Date, Prepayment Penalty End Date, Remaining Lockout Period and Total Remaining Lockout and Prepayment Penalty Period are based on the Sponsor’s interpretation of

provisions in the related notes. Differing interpretations of these provisions can result in dates and periods that may vary by as much as one month. 

C-26
 
Lockout and Prepayment Penalty Codes:

For each Lockout and Prepayment Penalty Code listed in the table below, lockout up to but not including the Lockout End Date to the extent applicable; from and including the Lockout End Dateor to the extent that the Lockout End Date is N/A, after the Issue Date, the applicable Initial Prepayment Penalty Percentage indicated below will apply to any prepaid amount made during theapplicable Initial Prepayment Penalty Percentage Term indicated below, which is the number of mortgage loan payment dates from and including the Lockout End Date or beyond the Issue Date,as applicable; thereafter, the applicable Subsequent Prepayment Penalty Percentages indicated below will apply to any prepaid amount, where each percentage applies for a period of twelve consecutive mortgage loan payment dates up to but not including the applicable Prepayment Penalty End Date.

Lockout/Prepayment Initial Prepayment Initial Prepayment Subsequent Prepayment

Penalty Code Penalty Percentage Penalty Percentage Term Penalty Percentages

A 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


B 10% 36 7%, 6%, 5%, 4%, 3%, 2%, 1%


C 10% 48 6%, 5%, 4%, 3%, 2%, 1%


D 10% 10 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


E 10% 4 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


F 10% 9 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


G 10% 50 N/A
 

H 10% 3 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


I 10% 6 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

J 9% 12 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

K 9% 8 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

L 10% 8 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

M 10% 11 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

N 9% 7 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

O 10% 5 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1% 

C-27
 
Updated Exhibit

A

Ginnie Mae REMIC Trust 2021-208

Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans(1)

FHA Insurance Lockout and Remaining

Program/ Principal Servicing Monthly Original Remaining Period Prepayment Lockout/ Remaining Prepayment Interest

Section 538 Balance Mortgage and Principal Term to Term to from Lockout Penalty Prepayment Lockout Penalty Only

Pool Security Guarantee as of the Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End End Penalty Period Period Period

Number Type Program(2) City/County State Cut-off Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† (mos.)(8)† (mos.)(9)

CC9868 PLC 221(d)(4) Edina MN $24,087,973.25 2.890% 2.640% 0.250% Aug-59 $90,609.93 454 425 29 Oct-21 Dec-21 Dec-31 A 0 92 0 CD9512 PLC 207/223(f) West Point UT 20,817,024.78 2.400 2.150 0.250 Nov-56 76,664.76 420 392 28 Nov-21 Jan-22 Jan-32 B 0 93 0 

CH9353 PLC 207/223(f) Westlake OH 19,269,220.92 2.350 2.100 0.250 Nov-56 70,460.42 420 392 28 Nov-21 Jan-22 Jan-32 B 0 93 0 

CI5711 PLC 232/223(f)/223(a)(7) Lebanon OH 18,984,255.60 2.450 2.200 0.250 Nov-51 78,790.22 360 332 28 Nov-21 Jan-22 Jan-32 B 0 93 0 

CH9357 PLC 232/223(f) Michigan City IN 17,201,689.74 2.330 2.080 0.250 Nov-56 62,720.74 420 392 28 Nov-21 Jan-22 Jan-32 B 0 93 0 

CG5781 PLC 232/223(f) Boonsboro MD 16,239,017.61 2.900 2.650 0.250 Jan-55 66,447.01 399 370 29 Oct-21 Dec-21 Dec-31 B 0 92 0 CF7675 PLC 232/223(a)(7) Plymouth MN 14,463,169.43 2.260 2.010 0.250 Nov-56 52,209.30 420 392 28 Nov-21 Jan-22 Jan-32 B 0 93 0 

CG3679 PLC 232/223(f) Portland OR 14,317,971.45 2.390 2.140 0.250 Oct-56 52,743.98 420 391 29 Oct-21 Dec-21 Dec-31 B 0 92 0 CG5779 PLC 232/223(f) Warrenton VA 13,146,407.48 2.930 2.680 0.250 Jan-52 57,613.18 363 334 29 Oct-21 Dec-21 Dec-31 B 0 92 0 

CE9981 PLC 207/223(f) Detroit MI 12,982,090.66 2.200 1.950 0.250 Nov-56 46,460.17 421 392 29 Oct-21 Jan-22 Jan-32 B 0 93 0 

CH1921 PLC 232/223(f)/223(a)(7) Culloden WV 12,937,993.58 2.370 2.120 0.250 Oct-56 47,525.10 419 391 28 Nov-21 N/A Dec-31 B N/A 92 0 

BT2197 PLC 207/223(f) Wellesley MA 12,433,054.92 2.420 2.040 0.380 Nov-56 45,918.82 420 392 28 Nov-21 Jan-22 Jan-32 B 0 93 0 

CH2704 PLC 207/223(f) Mishawaka IN 12,404,486.51 2.350 2.100 0.250 Oct-56 45,435.79 420 391 29 Oct-21 Dec-21 Dec-31 B 0 92 0 

CI3470 PLC 207/223(f) Los Angeles CA 10,494,621.36 2.220 1.970 0.250 Nov-56 37,666.38 420 392 28 Nov-21 Jan-22 Jan-32 B 0 93 0 

CE9980 PLC 207/223(f) Marysville MI 9,459,628.67 2.280 2.030 0.250 Oct-56 34,304.61 420 391 29 Oct-21 Dec-21 Dec-31 B 0 92 0 

CG6305 PLC 207/223(f)/223(a)(7) Westland MI 8,731,399.05 2.650 2.400 0.250 Oct-56 33,365.52 420 391 29 Oct-21 Dec-21 Dec-31 B 0 92 0 CH9351 PLC 232/223(a)(7) Marshalltown IA 7,811,659.92 2.780 2.530 0.250 Nov-61 27,900.26 480 452 28 Nov-21 Jan-22 Jan-32 B 0 93 0 

CG5778 PLC 232/223(a)(7) Hillsborough Township NJ 7,582,107.28 3.050 2.800 0.250 May-51 34,237.17 355 326 29 Oct-21 Dec-21 Dec-31 B 0 92 0 

CF5534 PLC 232/223(a)(7) Santa Clara CA 6,669,933.62 2.850 2.600 0.250 Feb-54 27,632.65 388 359 29 Oct-21 Dec-21 Dec-31 B 0 92 0 CH6564 PLC 207/223(f) Madison WI 5,695,122.03 2.360 2.110 0.250 Oct-56 20,890.12 420 391 29 Oct-21 Dec-21 Dec-31 B 0 92 0 

CF7670 PLC 207/223(f)/223(a)(7) Morgantown WV 5,433,376.48 2.650 2.400 0.250 Dec-56 20,696.16 421 393 28 Nov-21 Feb-22 Aug-27 C 0 40 0 

CF5536 PLC 221(d)(4) Chicago IL 5,297,262.31 2.770 2.520 0.250 Aug-50 (10) 346 317 29 Oct-21 Dec-21 Dec-26 D 0 32 0 

CH3106 PLC 241(a) Loveland CO 4,716,725.91 2.780 2.530 0.250 Jun-60 17,220.62 440 435 5 Oct-23 N/A Jul-33 E N/A 111 0 

CD4905 PLC 207/223(f) Cary NC 4,698,319.20 2.580 2.330 0.250 Apr-53 19,152.52 379 349 30 Sep-21 Nov-21 Nov-31 B 0 91 0 

CF9495 PLC 221(d)(4) Newport News VA 4,178,319.86 2.910 2.660 0.250 Oct-60 15,476.89 469 439 30 Sep-21 Nov-21 Nov-31 F 0 91 0 

CD4904 PLC 207/223(f) Charlotte NC 3,755,266.36 2.580 2.330 0.250 Apr-53 15,308.20 379 349 30 Sep-21 Nov-21 Nov-31 B 0 91 0 

CH0885 PLC 232/223(f) Millville PA 3,176,618.41 3.090 2.840 0.250 Feb-50 14,856.70 341 311 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

BN6739 PLC 221(d)(4) Midland TX 2,905,904.74 2.770 2.520 0.250 Mar-63 10,162.04 473 468 5 Oct-23 N/A May-33 G N/A 109 0 

CH2288 PLC 221(d)(4) Savannah GA 2,742,169.13 2.850 2.600 0.250 Mar-55 11,109.32 400 372 28 Nov-21 Jan-22 Jan-32 A 0 93 0 

BR3540 PLC 221(d)(4) Katy TX 2,736,630.34 3.730 3.480 0.250 Apr-62 11,223.95 470 457 13 Feb-23 N/A Jun-32 H N/A 98 0 

BV0316 CLC 221(d)(4) Suffolk VA 2,122,207.00 2.890 2.640 0.250 Aug-62 7,463.25 505 461 44 Jul-20 Oct-22 Oct-32 B 0 102 0 

CH0890 PLC 232/223(f) Bronx NY 1,902,563.88 2.910 2.660 0.250 Nov-53 7,985.10 386 356 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

CH0884 PLC 232/223(f) Easton PA 1,863,832.43 3.090 2.840 0.250 Feb-50 8,716.94 341 311 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

CH2294 PLC 221(d)(4) Beaumont TX 1,666,029.94 3.140 2.890 0.250 Feb-52 7,473.50 363 335 28 Nov-21 Jan-22 Jan-27 I 0 33 0 CA3339 PLC 221(d)(4) Commerce City CO 1,636,660.27 2.880 2.630 0.250 Nov-62 5,852.30 477 464 13 Feb-23 N/A Jan-33 J N/A 105 0 BW6782 PLC 221(d)(4) Charlotte NC 1,436,669.00 2.990 2.740 0.250 Aug-62 5,245.10 471 461 10 May-23 N/A Oct-32 K N/A 102 0 

CF7671 PLC 207/223(f)/223(a)(7) Parkersburg WV 1,411,581.14 2.460 2.080 0.380 Dec-56 5,234.38 421 393 28 Nov-21 Feb-22 Aug-27 C 0 40 0 

CA2650 PLC 221(d)(4) Kennedale TX 1,361,154.53 2.930 2.680 0.250 Aug-62 4,922.96 473 461 12 Mar-23 N/A Oct-32 G N/A 102 0 

BY2802 CLC 221(d)(4) Chandler AZ 950,164.00 3.250 3.000 0.250 Sep-62 3,539.75 504 462 42 Sep-20 Nov-22 Nov-32 B 0 103 0 

CG5782 PLC 232/223(f) Framingham MA 941,071.29 2.850 2.600 0.250 Aug-49 4,340.26 334 305 29 Oct-21 Dec-21 Dec-31 B 0 92 0 

CF6683 PLC 207/223(f) Atlanta GA 934,882.46 2.520 2.270 0.250 Oct-56 3,507.85 421 391 30 Sep-21 Dec-21 Dec-31 B 0 92 0 

BI4564 PLC 221(d)(4) Sealy TX 931,738.98 3.390 3.140 0.250 Feb-62 3,640.86 471 455 16 Nov-22 N/A Apr-32 K N/A 96 0 

CG6803 PLC 232/223(f) Fort Wayne IN 931,223.06 2.540 2.290 0.250 Oct-56 3,503.99 421 391 30 Sep-21 Dec-21 Dec-31 B 0 92 0 

CC9853 PLC 207/223(f) Fort Lauderdale FL 925,740.73 2.570 2.320 0.250 Nov-46 4,494.02 301 272 29 Oct-21 Jan-22 Jan-32 B 0 93 0 

CF1629 PLC 207/223(f) Horseheads NY 917,072.57 2.500 2.250 0.250 Sep-56 3,437.03 420 390 30 Sep-21 Nov-21 Nov-31 B 0 91 0 

CH0886 PLC 232/223(f) Orangeville PA 844,397.10 3.090 2.840 0.250 Feb-50 3,949.15 341 311 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CH0888 PLC 232/223(f) Easton PA 820,206.22 3.090 2.840 0.250 Feb-50 3,836.02 341 311 30 Sep-21 Nov-21 Nov-31 A 0 91 0 BS8043 PLC 241(a)/232 Toledo OH 789,645.48 3.910 3.660 0.250 May-61 3,360.54 467 446 21 Jun-22 N/A Jul-31 L N/A 87 0 

CG5188 PLC 221(d)(4) Glenwood Springs CO 766,508.40 2.970 2.720 0.250 May-63 2,761.11 472 470 2 Jan-24 N/A Jul-33 M N/A 111 0 

C-28
 
FHA Insurance Lockout and Remaining

Program/ Principal Servicing Monthly Original Remaining Period Prepayment Lockout/ Remaining Prepayment Interest

Section 538 Balance Mortgage and Principal Term to Term to from Lockout Penalty Prepayment Lockout Penalty Only

Pool Security Guarantee as of the Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End End Penalty Period Period Period

Number Type Program(2) City/County State Cut-off Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† (mos.)(8)† (mos.)(9)

C-29
 

BN0021 . PLC 221(d)(4) Riviera Beach FL $ 658,932.56 3.690% 3.390% 0.300% Jul-61 $ 2,711.45 467 448 19 Aug-22 N/A Sep-31 L N/A 89 0 

CF1640 CLC 221(d)(4) Cleveland TN 633,650.00 2.750 2.500 0.250 Nov-63 2,178.03 505 476 29 Oct-21 Jan-24 Jan-34 B 0 117 0 

CD0925 PLC 221(d)(4) Dallas TX 517,739.11 2.800 2.550 0.250 Apr-63 1,817.15 475 469 6 Sep-23 N/A Jun-33 E N/A 110 0 

CD8993 PLC 221(d)(4)/223(a)(7) Louisa VA 510,039.56 2.800 2.550 0.250 Oct-60 1,857.96 468 439 29 Oct-21 Dec-21 Feb-26 N 0 22 0 

BT2928 PLC 221(d)(4) New Orleans LA 500,374.42 2.850 2.600 0.250 Nov-62 1,780.73 479 464 15 Dec-22 Jan-23 Jan-33 B 0 105 0 

BW2998 PLC 221(d)(4) Del Rio TX 479,508.36 3.150 2.900 0.250 Jan-59 1,890.71 450 418 32 Jul-21 Aug-21 Aug-31 A 0 88 0 CD0950 PLC 221(d)(4) San Antonio TX 479,139.91 3.250 3.000 0.250 Oct-58 1,923.86 448 415 33 Jun-21 Aug-21 Aug-31 A 0 88 0 

CG6804 PLC 232/223(f) Chesterton IN 476,041.87 2.540 2.290 0.250 Sep-56 1,794.19 421 390 31 Aug-21 Nov-21 Nov-31 B 0 91 0 

CE1151 PLC 221(d)(4) Austin TX 470,561.48 3.200 2.950 0.250 Jan-51 2,179.32 354 322 32 Jul-21 Sep-21 Sep-31 A 0 89 0 

CF0281 PLC 207/223(f) Milan IL 470,537.74 3.010 2.760 0.250 Jan-51 2,131.76 353 322 31 Aug-21 Oct-21 Oct-31 A 0 90 0 

CD8985 PLC 232/223(f) Menasha WI 463,892.44 3.200 2.950 0.250 Oct-47 2,336.87 314 283 31 Aug-21 Oct-21 Oct-31 B 0 90 0 

CH0887 PLC 232/223(f) Stevens PA 459,974.04 3.090 2.840 0.250 Feb-50 2,151.25 341 311 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CB1479 CLC 221(d)(4) Odessa TX 456,025.00 2.700 2.450 0.250 Apr-63 1,554.65 505 469 36 Mar-21 Jun-23 Jun-33 B 0 110 0 

CF6771 PLC 232/223(f) Decatur IL 454,206.71 2.880 2.580 0.300 Jul-51 2,002.19 358 328 30 Sep-21 Nov-21 Nov-31 B 0 91 0 

BQ8822 PLC 221(d)(4) Kaufman TX 429,217.12 3.680 3.430 0.250 Nov-61 1,756.36 476 452 24 Mar-22 N/A Jan-32 O N/A 93 0 

BT2912 PLC 221(d)(4) Enterprise AL 411,991.17 2.850 2.600 0.250 Sep-62 1,469.68 476 462 14 Jan-23 N/A Nov-32 O N/A 103 0 

CF6777 CLC 221(d)(4) Grand Rapids MI 300,000.00 2.650 2.400 0.250 Apr-63 1,014.33 498 469 29 Oct-21 Jun-23 Jun-33 B 0 110 0 BD4447 PLC 221(d)(4) Colorado Springs CO 271,840.90 4.490 4.240 0.250 Aug-61 1,251.03 473 449 24 Mar-22 N/A Oct-31 G N/A 90 0 

BO7721 PLC 241(a) Franklin IN 263,344.04 4.190 3.940 0.250 Aug-50 1,374.93 335 317 18 Sep-22 N/A May-31 P N/A 85 0 

BW6793 PLC 221(d)(4) Dundalk MD 223,878.92 2.740 2.490 0.250 Aug-62 (11) 476 461 15 Dec-22 N/A Oct-32 O N/A 102 0 

BX4642 PLC 221(d)(4) San Antonio TX 199,097.06 2.950 2.700 0.250 Mar-62 726.62 463 456 7 Aug-23 N/A May-32 Q N/A 97 0 

CE1158 PLC 221(d)(4) Shakopee MN 145,317.46 2.650 2.400 0.250 Jun-62 504.03 478 459 19 Aug-22 N/A Aug-32 R N/A 100 0 BQ9044 CLC 538 Mansura LA 131,792.00 3.800 3.300 0.500 May-61 (12) 480 446 34 May-21 Jul-23 Jul-33 B 0 111 0 

BQ9073 PLC 538 Henderson TX 83,556.30 3.350 2.850 0.500 Aug-61 (12) 456 449 7 Aug-23 Oct-23 Oct-33 B 0 114 0 

BQ9042 PLC 538 Gladstone MI 81,230.65 3.780 3.150 0.630 Apr-61 (12) 457 445 12 Mar-23 Jun-23 Jun-33 B 0 110 0 CH2284 CLC 221(d)(4) Waynesville NC 25,000.00 2.870 2.620 0.250 Jun-64 87.63 512 483 29 Oct-21 Aug-24 Aug-34 B 4 124 3 

CD3306 PLC 221(d)(4) Lafayette LA 7,252.66 2.930 2.680 0.250 Oct-62 26.17 469 463 6 Sep-23 N/A Dec-32 S N/A 104 0 

(1)	 Based on publicly available information, including the disclosure documents for the Ginnie Mae Multifamily Certificates, the information with respect to the Mortgage Loans set forth on this

Exhibit A has been collected and summarized by the Sponsor. Capitalized terms have the meaning ascribed to them in the Offering Circular Supplement to which this updated Exhibit Arefers. 

(2)	 Certain Mortgage Loans insured under FHA insurance program Section 223(f) cannot be prepaid for a period of five (5) years from the date of endorsement, unless prior written approval

from FHA is obtained, regardless of any applicable lockout period associated with such mortgage loans.

(3)	 The principal and interest amounts shown in this column reflect only those amounts that are due in respect of the portion of each applicable Ginnie Mae Project Loan Certificate that is a

Trust PLC or each Ginnie Mae Construction Loan Certificate that is a Trust CLC. Because Ginnie Mae Construction Loan Certificates are not entitled to receive principal payments, theamounts identified for each Trust CLC are based upon the assumption that the Trust CLC has converted to a Trust PLC.

(4)	 The Lockout End Date is the first month when a Mortgage Loan is no longer subject to any lockout for voluntary prepayments of principal. For purposes of determining the Lockout End

Date in this Exhibit A, the Lockout End Date is based on the lockout period described in the note or other evidence of indebtedness without regard to any applicable statutory prepayment prohibition period.

(5)	 The Prepayment Penalty End Date is the first month when a Mortgage Loan is no longer subject to the payment of any Prepayment Penalties.(6)	 In some circumstances FHA may permit an FHA-insured Mortgage Loan to be refinanced or prepaid without regard to any Lockout or Prepayment Penalty Code.(7)	 The Remaining Lockout Period is the number of months from the Cut-off Date up to but not including the Lockout End Date.(8)	 The Total Remaining Lockout and Prepayment Penalty Period is the number of months from the Cut-off Date up to but not including the later of the Prepayment Penalty End Date or Lockout End Date.

(9)	 The Remaining Interest Only Period reflects the number of months remaining during which each Ginnie Mae Construction Loan Certificate is expected to remain outstanding, based on the

remaining construction period for the Ginnie Mae Construction Loan Certificate. 
(10)	 Pool Number CF5536 will have monthly principal and interest payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans — Level Payments” 

in this Supplement.

(11)	 Pool Number BW6793, a Ginnie Mae Project Loan Certificate, converted from Pool Number BW6792, a Ginnie Mae Construction Loan Certificate, will have monthly principal and interest

payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans — Level Payments” in this Supplement.

(12)	 The following Pool Numbers will have amortization schedules providing for level monthly principal and interest payments in the amounts indicated in the table below for each payment

date prior to the related maturity date, with balloon payments equal to the remaining unpaid principal balance of the related Mortgage Loan plus accrued interest thereon to be due as ofits maturity date:

Pool Number Monthly Principal and Interest

BQ9042 ........................................................................... $331.78
 

BQ9044 ........................................................................... 534.53
 

BQ9073 ........................................................................... 318.45
 

†	 The Lockout End Date, Prepayment Penalty End Date, Remaining Lockout Period and Total Remaining Lockout and Prepayment Penalty Period are based on the Sponsor’s interpretation of

provisions in the related notes. Differing interpretations of these provisions can result in dates and periods that may vary by as much as one month. 

C-30
 
Lockout and Prepayment Penalty Codes:

For each Lockout and Prepayment Penalty Code listed in the table below, lockout up to but not including the Lockout End Date to the extent applicable; from and including the Lockout End Dateor to the extent that the Lockout End Date is N/A, after the Issue Date, the applicable Initial Prepayment Penalty Percentage indicated below will apply to any prepaid amount made during theapplicable Initial Prepayment Penalty Percentage Term indicated below, which is the number of mortgage loan payment dates from and including the Lockout End Date or beyond the Issue Date,as applicable; thereafter, the applicable Subsequent Prepayment Penalty Percentages indicated below will apply to any prepaid amount, where each percentage applies for a period of twelve consecutive mortgage loan payment dates up to but not including the applicable Prepayment Penalty End Date.

Lockout/Prepayment Initial Prepayment Initial Prepayment Subsequent Prepayment

Penalty Code Penalty Percentage Penalty Percentage Term Penalty Percentages

A 10% 36 7%, 6%, 5%, 4%, 3%, 2%, 1%


B 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


C 6% 6 5%, 4%, 3%, 2%, 1%


D 10% 36 2%, 1%
 

E 10% 8 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


F 10% 48 6%, 5%, 4%, 3%, 2%, 1%


G 10% 6 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


H 10% 3 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


I 10% 60 N/A 

J 10% 10 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

K 10% 4 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

L 9% 12 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

M 10% 5 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

N 10% 50 N/A 

O 10% 9 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

P 9% 7 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

Q 9% 8 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

R 10% 11 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

S 10% 2 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1% 

C-31
 
Updated Exhibit

A

Ginnie Mae REMIC Trust 2021-219

Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans(1)

Total

Remaining

Lockout

Principal and Remaining

FHA Insurance Balance Servicing Monthly Original Remaining Period Prepayment Lockout/ Remaining Prepayment Interest

Program/ Section as of the Mortgage and Principal Term to Term to from Lockout Penalty Prepayment Lockout Penalty Only

Pool Security 538 Guarantee Cut-off Interest Certificate Guarantee Maturity and Maturity Maturity Issuance Issue End End Penalty Period Period Period

Number Subgroup Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† (mos.)(8)† (mos.)(9)

CF7674 1A PLC 207/223(f) Sanford FL $43,121,168.88 2.200% 1.950% 0.250% Dec-56 $154,053.19 421 393 28 Nov-21 Feb-22 Feb-32 A 0 94 0 

CG3694 1A PLC 207/223(f) Poughkeepsie NY 29,096,809.07 2.400 2.150 0.250 Dec-56 106,977.81 421 393 28 Nov-21 Feb-22 Feb-32 A 0 94 0 

CI0853 1A PLC 207/223(f) Lynn MA 27,844,481.66 2.700 2.450 0.250 Dec-56 106,808.30 420 393 27 Dec-21 Feb-22 Feb-25 B 0 10 0 CI8966 1A PLC 207/223(f) Los Angeles CA 26,620,865.48 2.390 2.140 0.250 Dec-56 97,735.14 420 393 27 Dec-21 Feb-22 Feb-32 A 0 94 0 CH3108 1A PLC 207/223(f)/223(a)(7) New York NY 22,639,391.52 2.790 2.540 0.250 Dec-56 87,940.63 420 393 27 Dec-21 Feb-22 Feb-32 A 0 94 0 CH2297 1A PLC 221(d)(4)/223(a)(7) Novi MI 21,343,283.94 3.040 2.790 0.250 Dec-61 79,264.58 481 453 28 Nov-21 Feb-22 Feb-32 C 0 94 0 

CI8962 1A PLC 207/223(f) Springfield MO 20,931,287.80 2.360 2.110 0.250 Nov-56 76,647.33 420 392 28 Nov-21 Jan-22 Jan-32 A 0 93 0 CJ1892 1A PLC 207/223(f)/223(a)(7) Wheeling IL 19,543,935.89 2.870 2.620 0.250 Nov-56 76,883.18 420 392 28 Nov-21 Jan-22 Jan-32 A 0 93 0 CF7679 1A PLC 207/223(f) Bentonville AR 18,823,258.56 2.330 2.080 0.250 Dec-56 68,516.73 420 393 27 Dec-21 Feb-22 Feb-32 A 0 94 0 

CH2711 1A PLC 207/223(f) Fishers IN 14,577,560.99 2.340 2.090 0.250 Nov-56 53,228.67 420 392 28 Nov-21 Jan-22 Jan-32 A 0 93 0 CJ9325 1A PLC 207/223(f) Amesbury MA 13,112,804.49 2.490 2.240 0.250 Dec-56 48,832.05 420 393 27 Dec-21 Feb-22 Feb-32 A 0 94 0 CC9868 1A PLC 221(d)(4) Edina MN 12,021,006.70 2.890 2.640 0.250 Aug-59 45,218.52 454 425 29 Oct-21 Dec-21 Dec-31 C 0 92 0 CH2703 1A PLC 232/223(f) Greenwood IN 11,899,491.23 2.410 2.160 0.250 Dec-56 43,812.31 421 393 28 Nov-21 Feb-22 Feb-32 A 0 94 0 CJ8121 1A PLC 221(d)(4)/223(a)(7) Raleigh NC 11,631,073.68 2.910 2.660 0.250 Dec-61 42,338.05 480 453 27 Dec-21 Feb-22 Feb-32 C 0 94 0 

CI1023 1A PLC 232/223(f) Westminster CO 7,697,309.04 2.970 2.720 0.250 Dec-56 30,654.23 421 393 28 Nov-21 Feb-22 Feb-32 A 0 94 0 

CI3536 1A PLC 207/223(f) Seguin TX 7,696,831.25 2.390 2.140 0.250 Dec-56 28,257.94 420 393 27 Dec-21 Feb-22 Feb-32 A 0 94 0 CD1624 1A PLC 232/223(a)(7) Marion IL 6,806,019.69 2.390 2.140 0.250 Dec-51 27,979.53 360 333 27 Dec-21 Feb-22 Feb-32 A 0 94 0 BY2790 1A PLC 221(d)(4) Ruckersville VA 6,313,258.53 2.990 2.740 0.250 Sep-62 23,022.29 477 462 15 Dec-22 N/A Nov-32 D N/A 103 0 CI1044 1A PLC 221(d)(4) Ashwaubenon WI 5,801,248.50 3.300 3.030 0.270 Feb-59 23,338.24 447 419 28 Nov-21 Jan-22 Jan-32 E 0 93 0 CF1047 1A PLC 207/223(f) Brooklyn NY 5,040,606.19 2.380 2.130 0.250 Nov-56 (10) 420 392 28 Nov-21 Jan-22 Jan-32 A 0 93 0 

CE9986 1A PLC 207/223(f) Sioux Falls SD 4,989,645.07 2.900 2.650 0.250 Aug-51 22,003.29 357 329 28 Nov-21 Jan-22 Jan-32 A 0 93 0 

CD1623 1A PLC 232/223(a)(7) Anna IL 4,915,516.77 2.390 2.140 0.250 Dec-51 20,207.68 360 333 27 Dec-21 Feb-22 Feb-32 A 0 94 0 

CH6569 1A CLC 221(d)(4) San Antonio TX 4,056,768.00 2.750 2.500 0.250 Feb-64 13,944.24 507 479 28 Nov-21 Apr-24 Apr-34 A 0 120 0 CA3339 1A PLC 221(d)(4) Commerce City CO 3,630,375.62 2.880 2.630 0.250 Nov-62 12,981.33 477 464 13 Feb-23 N/A Jan-33 D N/A 105 0 CJ1916 1A PLC 232/223(f)/223(a)(7) Washington DC 3,612,734.29 2.950 2.700 0.250 Jul-51 16,058.32 355 328 27 Dec-21 Feb-22 Feb-27 F 0 34 0 

CH3100 1A PLC 241/223(a)(7) Sylmar CA 3,505,355.50 2.250 2.000 0.250 Oct-36 26,677.02 179 151 28 Nov-21 Jan-22 Jan-32 A 0 93 0 

CF0062 1A PLC 207/223(f) Gibson City IL 2,762,679.81 2.430 2.180 0.250 Dec-56 10,200.84 421 393 28 Nov-21 Feb-22 Feb-32 A 0 94 0 

CF9495 1A PLC 221(d)(4) Newport News VA 2,249,619.22 2.910 2.660 0.250 Oct-60 8,332.80 469 439 30 Sep-21 Nov-21 Nov-31 G 0 91 0 

BV3356 1A PLC 221(d)(4) Gainesville GA 2,147,864.96 2.350 2.100 0.250 Feb-57 7,814.29 411 395 16 Nov-22 N/A Apr-32 H N/A 96 0 CH2288 1A PLC 221(d)(4) Savannah GA 1,913,221.12 2.850 2.600 0.250 Mar-55 7,751.02 400 372 28 Nov-21 Jan-22 Jan-32 C 0 93 0 

CG5778 1A PLC 232/223(a)(7) Hillsborough Township NJ 1,815,371.63 3.050 2.800 0.250 May-51 8,197.35 355 326 29 Oct-21 Dec-21 Dec-31 A 0 92 0 BI4550 1A PLC 221(d)(4) Mont Belvieu TX 1,763,718.78 4.400 4.150 0.250 Feb-61 8,059.83 471 443 28 Nov-21 N/A Apr-31 H N/A 84 0 

CG5781 1A PLC 232/223(f) Boonsboro MD 1,655,995.79 2.900 2.650 0.250 Jan-55 6,776.02 399 370 29 Oct-21 Dec-21 Dec-31 A 0 92 0 

CE1158 1A PLC 221(d)(4) Shakopee MN 1,598,332.84 2.650 2.400 0.250 Jun-62 5,543.73 478 459 19 Aug-22 N/A Aug-32 I N/A 100 0 

BI4564 1A PLC 221(d)(4) Sealy TX 1,528,381.27 3.390 3.140 0.250 Feb-62 5,972.29 471 455 16 Nov-22 N/A Apr-32 H N/A 96 0 

CA2650 1A PLC 221(d)(4) Kennedale TX 1,411,819.32 2.930 2.680 0.250 Aug-62 5,106.20 473 461 12 Mar-23 N/A Oct-32 J N/A 102 0 

BR3540 1A PLC 221(d)(4) Katy TX 1,394,555.68 3.730 3.480 0.250 Apr-62 5,719.60 470 457 13 Feb-23 N/A Jun-32 K N/A 98 0 BW6782 1A PLC 221(d)(4) Charlotte NC 1,123,341.83 2.990 2.740 0.250 Aug-62 4,101.18 471 461 10 May-23 N/A Oct-32 H N/A 102 0 

CH9351 1A PLC 232/223(a)(7) Marshalltown IA 1,019,615.27 2.780 2.530 0.250 Nov-61 3,641.68 480 452 28 Nov-21 Jan-22 Jan-32 A 0 93 0 

CD9516 1A PLC 538 Las Vegas NM 989,692.10 3.520 3.170 0.350 Oct-61 (11) 453 451 2 Jan-24 N/A May-33 K N/A 109 0 CF5534 1A PLC 232/223(a)(7) Santa Clara CA 912,555.54 2.850 2.600 0.250 Feb-54 3,780.60 388 359 29 Oct-21 Dec-21 Dec-31 A 0 92 0 

BN6739 1A PLC 221(d)(4) Midland TX 903,286.30 2.770 2.520 0.250 Mar-63 3,158.82 473 468 5 Oct-23 N/A May-33 J N/A 109 0 

CH2714 1A PLC 207/223(f) Northfield MN 869,083.20 3.100 2.850 0.250 Mar-51 3,962.99 352 324 28 Nov-21 Jan-22 Jan-32 A 0 93 0 

BT2928 1A PLC 221(d)(4) New Orleans LA 846,290.14 2.850 2.600 0.250 Nov-62 3,011.78 479 464 15 Dec-22 Jan-23 Jan-33 A 0 105 0 CH0884 1A PLC 232/223(f) Easton PA 842,161.54 3.090 2.840 0.250 Feb-50 3,938.70 341 311 30 Sep-21 Nov-21 Nov-31 C 0 91 0 CH0886 1A PLC 232/223(f) Orangeville PA 812,853.86 3.090 2.840 0.250 Feb-50 3,801.63 341 311 30 Sep-21 Nov-21 Nov-31 C 0 91 0 CD9520 1A PLC 538 Ruidoso Downs NM 768,689.58 3.520 3.170 0.350 Oct-61 (11) 453 451 2 Jan-24 N/A May-33 K N/A 109 0 CF5536 1A PLC 221(d)(4) Chicago IL 737,755.36 2.770 2.520 0.250 Aug-50 (10) 346 317 29 Oct-21 Dec-21 Dec-26 L 0 32 0 CD9518 1A PLC 538 Portales NM 722,618.64 3.520 3.170 0.350 Oct-61 (11) 453 451 2 Jan-24 N/A May-33 K N/A 109 0 BY4296 1A PLC 221(d)(4) Durham NC 711,367.83 2.640 2.390 0.250 Jan-62 2,479.13 472 454 18 Sep-22 N/A Mar-32 M N/A 95 0 

CH0890 1A PLC 232/223(f) Bronx NY 661,146.66 2.910 2.660 0.250 Nov-53 2,774.85 386 356 30 Sep-21 Nov-21 Nov-31 C 0 91 0 

CD0935 1A CLC 221(d)(4) Waller TX 659,913.00 3.140 2.890 0.250 May-63 2,415.94 500 470 30 Sep-21 Jul-23 Jul-33 A 0 111 0 

C-32
 
Total

Remaining

Lockout

Principal and Remaining

FHA Insurance Balance Servicing Monthly Original Remaining Period Prepayment Lockout/ Remaining Prepayment Interest

Program/ Section as of the Mortgage and Principal Term to Term to from Lockout Penalty Prepayment Lockout Penalty Only

Pool Security 538 Guarantee Cut-off Interest Certificate Guarantee Maturity and Maturity Maturity Issuance Issue End End Penalty Period Period Period

Number Subgroup Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† (mos.)(8)† (mos.)(9)

CF8597 1A PLC 221(d)(4) Wauwatosa WI $ 642,999.82 2.990% 2.740% 0.250% Mar-63 $ 2,328.80 477 468 9 Jun-23 N/A May-33 D N/A 109 0 BW8629 1A PLC 221(d)(4) Leavenworth WA 640,007.17 3.200 2.950 0.250 Mar-63 2,395.54 473 468 5 Oct-23 N/A May-33 J N/A 109 0 

CD9522 1A PLC 538 Artesia NM 631,876.11 3.520 3.170 0.350 Oct-61 (11) 453 451 2 Jan-24 N/A May-33 K N/A 109 0 BT2912 1A PLC 221(d)(4) Enterprise AL 524,356.60 2.850 2.600 0.250 Sep-62 1,870.51 476 462 14 Jan-23 N/A Nov-32 N N/A 103 0 CB1479 1A CLC 221(d)(4) Odessa TX 524,320.00 2.700 2.450 0.250 Apr-63 1,787.48 505 469 36 Mar-21 Jun-23 Jun-33 A 0 110 0 BS8043 1A PLC 241(a)/232 Toledo OH 498,107.49 3.910 3.660 0.250 May-61 2,119.82 467 446 21 Jun-22 N/A Jul-31 O N/A 87 0 CH2294 1A PLC 221(d)(4) Beaumont TX 487,517.49 3.140 2.890 0.250 Feb-52 2,186.91 363 335 28 Nov-21 Jan-22 Jan-27 F 0 33 0 

BF8699 1A PLC 221(d)(4) Garner NC 460,631.52 3.730 3.480 0.250 Jul-60 1,930.76 464 436 28 Nov-21 N/A Sep-30 P N/A 77 0 CD8993 1A PLC 221(d)(4)/223(a)(7) Louisa VA 441,520.60 2.800 2.550 0.250 Oct-60 1,608.36 468 439 29 Oct-21 Dec-21 Feb-26 Q 0 22 0 CG5779 1A PLC 232/223(f) Warrenton VA 434,151.82 2.930 2.680 0.250 Jan-52 1,902.64 363 334 29 Oct-21 Dec-21 Dec-31 A 0 92 0 

CF6771 1A PLC 232/223(f) Decatur IL 432,598.25 2.880 2.580 0.300 Jul-51 1,906.93 358 328 30 Sep-21 Nov-21 Nov-31 A 0 91 0 CH0888 1A PLC 232/223(f) Easton PA 431,558.26 3.090 2.840 0.250 Feb-50 2,018.35 341 311 30 Sep-21 Nov-21 Nov-31 C 0 91 0 CH0887 1A PLC 232/223(f) Stevens PA 431,558.25 3.090 2.840 0.250 Feb-50 2,018.35 341 311 30 Sep-21 Nov-21 Nov-31 C 0 91 0 CG5782 1A PLC 232/223(f) Framingham MA 430,741.50 2.850 2.600 0.250 Aug-49 1,986.60 334 305 29 Oct-21 Dec-21 Dec-31 A 0 92 0 BN0021 1A PLC 221(d)(4) Riviera Beach FL 429,572.89 3.690 3.390 0.300 Jul-61 1,767.65 467 448 19 Aug-22 N/A Sep-31 O N/A 89 0 CD8985 1A PLC 232/223(f) Menasha WI 427,589.98 3.200 2.950 0.250 Oct-47 2,154.00 314 283 31 Aug-21 Oct-21 Oct-31 A 0 90 0 

CD3306 1A PLC 221(d)(4) Lafayette LA 327,999.60 2.930 2.680 0.250 Oct-62 1,183.52 469 463 6 Sep-23 N/A Dec-32 R N/A 104 0 BJ7921 1A PLC 221(d)(4) Elgin IL 275,089.05 4.620 4.370 0.250 Aug-60 1,301.93 465 437 28 Nov-21 N/A Oct-30 S N/A 78 0 

BD4447 1A PLC 221(d)(4) Colorado Springs CO 232,235.68 4.490 4.240 0.250 Aug-61 1,068.76 473 449 24 Mar-22 N/A Oct-31 J N/A 90 0 BX4642 1A PLC 221(d)(4) San Antonio TX 200,474.69 2.950 2.700 0.250 Mar-62 731.64 463 456 7 Aug-23 N/A May-32 T N/A 97 0 CF1640 1A CLC 221(d)(4) Cleveland TN 169,403.00 2.750 2.500 0.250 Nov-63 582.29 505 476 29 Oct-21 Jan-24 Jan-34 A 0 117 0 BW6793 1A PLC 221(d)(4) Dundalk MD 169,002.71 2.740 2.490 0.250 Aug-62 (12) 476 461 15 Dec-22 N/A Oct-32 N N/A 102 0 CF9496 1A CLC 221(d)(4) Clayton NC 85,714.00 2.650 2.400 0.250 Feb-64 289.81 506 479 27 Dec-21 Apr-24 Apr-34 A 0 120 0 

CD0925 1A PLC 221(d)(4) Dallas TX 39,250.19 2.800 2.550 0.250 Apr-63 137.76 475 469 6 Sep-23 N/A Jun-33 U N/A 110 0 BQ9042 1A PLC 538 Gladstone MI 30,739.93 3.780 3.150 0.630 Apr-61 (11) 457 445 12 Mar-23 Jun-23 Jun-33 A 0 110 0 CF7674 1B PLC 207/223(f) Sanford FL 3,801,924.75 2.200 1.950 0.250 Dec-56 13,582.62 421 393 28 Nov-21 Feb-22 Feb-32 A 0 94 0 

CG3694 1B PLC 207/223(f) Poughkeepsie NY 2,688,149.49 2.400 2.150 0.250 Dec-56 9,883.30 421 393 28 Nov-21 Feb-22 Feb-32 A 0 94 0 

CI8966 1B PLC 207/223(f) Los Angeles CA 2,494,798.67 2.390 2.140 0.250 Dec-56 9,159.34 420 393 27 Dec-21 Feb-22 Feb-32 A 0 94 0 

CI8962 1B PLC 207/223(f) Springfield MO 1,933,766.05 2.360 2.110 0.250 Nov-56 7,081.17 420 392 28 Nov-21 Jan-22 Jan-32 A 0 93 0 CF7679 1B PLC 207/223(f) Bentonville AR 1,739,012.95 2.330 2.080 0.250 Dec-56 6,330.01 420 393 27 Dec-21 Feb-22 Feb-32 A 0 94 0 

CH2297 1B PLC 221(d)(4)/223(a)(7) Novi MI 1,558,920.25 3.040 2.790 0.250 Dec-61 5,789.51 481 453 28 Nov-21 Feb-22 Feb-32 C 0 94 0 

CH3108 1B PLC 207/223(f)/223(a)(7) New York NY 1,381,428.73 2.790 2.540 0.250 Dec-56 5,366.03 420 393 27 Dec-21 Feb-22 Feb-32 A 0 94 0 CH2711 1B PLC 207/223(f) Fishers IN 1,346,767.89 2.340 2.090 0.250 Nov-56 4,917.60 420 392 28 Nov-21 Jan-22 Jan-32 A 0 93 0 CC9868 1B PLC 221(d)(4) Edina MN 1,222,315.30 2.890 2.640 0.250 Aug-59 4,597.89 454 425 29 Oct-21 Dec-21 Dec-31 C 0 92 0 

CJ1892 1B PLC 207/223(f)/223(a)(7) Wheeling IL 1,117,246.39 2.870 2.620 0.250 Nov-56 4,395.10 420 392 28 Nov-21 Jan-22 Jan-32 A 0 93 0 

CH2703 1B PLC 232/223(f) Greenwood IN 1,099,350.45 2.410 2.160 0.250 Dec-56 4,047.66 421 393 28 Nov-21 Feb-22 Feb-32 A 0 94 0 CJ8121 1B PLC 221(d)(4)/223(a)(7) Raleigh NC 899,681.00 2.910 2.660 0.250 Dec-61 3,274.91 480 453 27 Dec-21 Feb-22 Feb-32 C 0 94 0 CI1023 1B PLC 232/223(f) Westminster CO 813,730.65 2.970 2.720 0.250 Dec-56 3,240.65 421 393 28 Nov-21 Feb-22 Feb-32 A 0 94 0 

CI3536 1B PLC 207/223(f) Seguin TX 711,083.06 2.390 2.140 0.250 Dec-56 2,610.65 420 393 27 Dec-21 Feb-22 Feb-32 A 0 94 0 CD1624 1B PLC 232/223(a)(7) Marion IL 628,783.99 2.390 2.140 0.250 Dec-51 2,584.93 360 333 27 Dec-21 Feb-22 Feb-32 A 0 94 0 

CF1047 1B PLC 207/223(f) Brooklyn NY 465,682.74 2.380 2.130 0.250 Nov-56 (10) 420 392 28 Nov-21 Jan-22 Jan-32 A 0 93 0 CE9986 1B PLC 207/223(f) Sioux Falls SD 460,975.26 2.900 2.650 0.250 Aug-51 2,032.80 357 329 28 Nov-21 Jan-22 Jan-32 A 0 93 0 CD1623 1B PLC 232/223(a)(7) Anna IL 454,126.82 2.390 2.140 0.250 Dec-51 1,866.91 360 333 27 Dec-21 Feb-22 Feb-32 A 0 94 0 

CI1044 1B PLC 221(d)(4) Ashwaubenon WI 408,857.49 3.300 3.030 0.270 Feb-59 1,644.82 447 419 28 Nov-21 Jan-22 Jan-32 E 0 93 0 

CH3100 1B PLC 241/223(a)(7) Sylmar CA 323,847.17 2.250 2.000 0.250 Oct-36 2,464.59 179 151 28 Nov-21 Jan-22 Jan-32 A 0 93 0 

CF0062 1B PLC 207/223(f) Gibson City IL 255,234.08 2.430 2.180 0.250 Dec-56 942.42 421 393 28 Nov-21 Feb-22 Feb-32 A 0 94 0 

CJ1916 1B PLC 232/223(f)/223(a)(7) Washington DC 190,143.91 2.950 2.700 0.250 Jul-51 845.17 355 328 27 Dec-21 Feb-22 Feb-27 F 0 34 0 CG5781 1B PLC 232/223(f) Boonsboro MD 152,991.61 2.900 2.650 0.250 Jan-55 626.01 399 370 29 Oct-21 Dec-21 Dec-31 A 0 92 0 CH9351 1B PLC 232/223(a)(7) Marshalltown IA 138,873.37 2.780 2.530 0.250 Nov-61 496.00 480 452 28 Nov-21 Jan-22 Jan-32 A 0 93 0 CF5536 1B PLC 221(d)(4) Chicago IL 107,188.77 2.770 2.520 0.250 Aug-50 (10) 346 317 29 Oct-21 Dec-21 Dec-26 L 0 32 0 

CI0853 1B PLC 207/223(f) Lynn MA 103,228.13 2.700 2.450 0.250 Dec-56 395.97 420 393 27 Dec-21 Feb-22 Feb-25 B 0 10 0 

CH2714 1B PLC 207/223(f) Northfield MN 80,291.46 3.100 2.850 0.250 Mar-51 366.13 352 324 28 Nov-21 Jan-22 Jan-32 A 0 93 0 CG5778 1B PLC 232/223(a)(7) Hillsborough Township NJ 80,155.19 3.050 2.800 0.250 May-51 361.94 355 326 29 Oct-21 Dec-21 Dec-31 A 0 92 0 CH0884 1B PLC 232/223(f) Easton PA 78,815.19 3.090 2.840 0.250 Feb-50 368.61 341 311 30 Sep-21 Nov-21 Nov-31 C 0 91 0 

CH0890 1B PLC 232/223(f) Bronx NY 61,080.86 2.910 2.660 0.250 Nov-53 256.36 386 356 30 Sep-21 Nov-21 Nov-31 C 0 91 0 CH2294 1B PLC 221(d)(4) Beaumont TX 45,039.93 3.140 2.890 0.250 Feb-52 202.04 363 335 28 Nov-21 Jan-22 Jan-27 F 0 33 0 CD8993 1B PLC 221(d)(4)/223(a)(7) Louisa VA 40,789.97 2.800 2.550 0.250 Oct-60 148.59 468 439 29 Oct-21 Dec-21 Feb-26 Q 0 22 0 CF5534 1B PLC 232/223(a)(7) Santa Clara CA 40,292.12 2.850 2.600 0.250 Feb-54 166.92 388 359 29 Oct-21 Dec-21 Dec-31 A 0 92 0 

CG5779 1B PLC 232/223(f) Warrenton VA 40,109.20 2.930 2.680 0.250 Jan-52 175.78 363 334 29 Oct-21 Dec-21 Dec-31 A 0 92 0 

C-33
 
Total

Remaining

Lockout

Principal and Remaining

FHA Insurance Balance Servicing Monthly Original Remaining Period Prepayment Lockout/ Remaining Prepayment Interest

Program/ Section as of the Mortgage and Principal Term to Term to from Lockout Penalty Prepayment Lockout Penalty Only

Pool Security 538 Guarantee Cut-off Interest Certificate Guarantee Maturity and Maturity Maturity Issuance Issue End End Penalty Period Period Period

Number Subgroup Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† (mos.)(8)† (mos.)(9)

CF6771 1B PLC 232/223(f) Decatur IL $ 39,965.68 2.880% 2.580% 0.300% Jul-51 $ 176.17 358 328 30 Sep-21 Nov-21 Nov-31 A 0 91 0 

CH0887 1B PLC 232/223(f) Stevens PA 39,869.60 3.090 2.840 0.250 Feb-50 186.47 341 311 30 Sep-21 Nov-21 Nov-31 C 0 91 0 

CH0888 1B PLC 232/223(f) Easton PA 39,869.60 3.090 2.840 0.250 Feb-50 186.47 341 311 30 Sep-21 Nov-21 Nov-31 C 0 91 0 

CG5782 1B PLC 232/223(f) Framingham MA 39,794.14 2.850 2.600 0.250 Aug-49 183.53 334 305 29 Oct-21 Dec-21 Dec-31 A 0 92 0 

CD8985 1B PLC 232/223(f) Menasha WI 39,502.99 3.200 2.950 0.250 Oct-47 199.00 314 283 31 Aug-21 Oct-21 Oct-31 A 0 90 0 CH0886 1B PLC 232/223(f) Orangeville PA 31,543.24 3.090 2.840 0.250 Feb-50 147.52 341 311 30 Sep-21 Nov-21 Nov-31 C 0 91 0 

BJ7921 1B PLC 221(d)(4) Elgin IL 25,414.59 4.620 4.370 0.250 Aug-60 120.28 465 437 28 Nov-21 N/A Oct-30 S N/A 78 0 

(1)	 Based on publicly available information, including the disclosure documents for the Ginnie Mae Multifamily Certificates, the information with respect to the Mortgage Loans set forth on this

Exhibit A has been collected and summarized by the Sponsor. Capitalized terms have the meaning ascribed to them in the Offering Circular Supplement to which this updated Exhibit Arefers. 

(2)	 Certain Mortgage Loans insured under FHA insurance program Section 223(f) cannot be prepaid for a period of five (5) years from the date of endorsement, unless prior written approval

from FHA is obtained, regardless of any applicable lockout period associated with such mortgage loans.

(3)	 The principal and interest amounts shown in this column reflect only those amounts that are due in respect of the portion of each applicable Ginnie Mae Project Loan Certificate that is a

Trust PLC or each Ginnie Mae Construction Loan Certificate that is a Trust CLC. Because Ginnie Mae Construction Loan Certificates are not entitled to receive principal payments, theamounts identified for each Trust CLC are based upon the assumption that the Trust CLC has converted to a Trust PLC.

(4)	 The Lockout End Date is the first month when a Mortgage Loan is no longer subject to any lockout for voluntary prepayments of principal. For purposes of determining the Lockout End

Date in this Exhibit A, the Lockout End Date is based on the lockout period described in the note or other evidence of indebtedness without regard to any applicable statutory prepayment prohibition period.

(5)	 The Prepayment Penalty End Date is the first month when a Mortgage Loan is no longer subject to the payment of any Prepayment Penalties.(6)	 In some circumstances FHA may permit an FHA-insured Mortgage Loan to be refinanced or prepaid without regard to any Lockout or Prepayment Penalty Code.(7)	 The Remaining Lockout Period is the number of months from the Cut-off Date up to but not including the Lockout End Date.(8)	 The Total Remaining Lockout and Prepayment Penalty Period is the number of months from the Cut-off Date up to but not including the later of the Prepayment Penalty End Date or Lockout End Date. 

(9)	 The Remaining Interest Only Period reflects the number of months remaining during which each Ginnie Mae Construction Loan Certificate is expected to remain outstanding, based on the

remaining construction period for the Ginnie Mae Construction Loan Certificate.

(10)	 Pool Numbers CF1047 and CF5536 will have monthly principal and interest payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage

Loans — Level Payments” in this Supplement.

C-34
 
(11)	 The following Pool Numbers will have amortization schedules providing for level monthly principal and interest payments in the amounts indicated in the table below for each payment

date prior to the related maturity date, with balloon payments equal to the remaining unpaid principal balance of the related Mortgage Loan plus accrued interest thereon to be due as ofits maturity date:

Pool Number Monthly Principal and Interest

BQ9042 ........................................................................... $ 125.55
 

CD9516 ........................................................................... 3,853.21
 CD9518 ........................................................................... 2,813.40
 CD9520 ........................................................................... 2,992.77
 CD9522 ........................................................................... 2,460.11
 

(12)	 Pool Number BW6793, a Ginnie Mae Project Loan Certificate, converted from Pool Number BW6792, a Ginnie Mae Construction Loan Certificate, will have monthly principal and interest

payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans — Level Payments” in this Supplement.

†	 The Lockout End Date, Prepayment Penalty End Date, Remaining Lockout Period and Total Remaining Lockout and Prepayment Penalty Period are based on the Sponsor’s interpretation of

provisions in the related notes. Differing interpretations of these provisions can result in dates and periods that may vary by as much as one month. 

C-35
 
Lockout and Prepayment Penalty Codes:

For each Lockout and Prepayment Penalty Code listed in the table below, lockout up to but not including the Lockout End Date to the extent applicable; from and including the Lockout End Dateor to the extent that the Lockout End Date is N/A, after the Issue Date, the applicable Initial Prepayment Penalty Percentage indicated below will apply to any prepaid amount made during theapplicable Initial Prepayment Penalty Percentage Term indicated below, which is the number of mortgage loan payment dates from and including the Lockout End Date or beyond the Issue Date,as applicable; thereafter, the applicable Subsequent Prepayment Penalty Percentages indicated below will apply to any prepaid amount, where each percentage applies for a period of twelve consecutive mortgage loan payment dates up to but not including the applicable Prepayment Penalty End Date.

Lockout/Prepayment Initial Prepayment Initial Prepayment Subsequent Prepayment

Penalty Code Penalty Percentage Penalty Percentage Term Penalty Percentages

A 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


B 10% 36 N/A
 

C 10% 36 7%, 6%, 5%, 4%, 3%, 2%, 1%


D 10% 10 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


E 10% 24 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


F 10% 60 N/A
 

G 10% 48 6%, 5%, 4%, 3%, 2%, 1%


H 10% 4 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


I 10% 11 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

J 10% 6 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

K 10% 3 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

L 10% 36 2%, 1% 

M 10% 5 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

N 10% 9 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

O 9% 12 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

P 9% 9 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

Q 10% 50 N/A 

R 10% 2 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

S 9% 10 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

T 9% 8 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

U 10% 8 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1% 

C-36
 
Updated Exhibit

A

Ginnie Mae REMIC Trust 2022-092

Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans(1)

FHA Insurance Lockout and Remaining

Program/ Principal Servicing Monthly Original Remaining Period Prepayment Lockout/ Remaining Prepayment Interest

Section 538 Balance Mortgage and Principal Term to Term to from Lockout Penalty Prepayment Lockout Penalty Only

Pool Security Guarantee as of the Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End End Penalty Period Period Period

Number Type Program(2) City/County State Cut-off Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† (mos.)(8)† (mos.)(9)

CN3130 PLC 207/223(f)/223(a)(7) Bronx NY $37,830,552.24 3.080% 2.830% 0.250% May-57 $151,838.21 420 398 22 May-22 Jul-22 Jul-32 A 0 99 0 

CL5331 PLC 207/223(f) Middleton WI 27,609,083.47 2.900 2.650 0.250 Apr-57 108,237.54 420 397 23 Apr-22 Jun-22 Jun-32 A 0 98 0 

CI9399 PLC 207/223(f) El Centro CA 18,948,102.26 3.150 2.900 0.250 May-57 76,788.36 421 398 23 Apr-22 Jul-22 Jul-32 A 0 99 0 CL2673 PLC 207/223(f) Nanuet NY 17,516,282.05 2.880 2.630 0.250 May-57 68,375.76 420 398 22 May-22 Jul-22 Jul-32 A 0 99 0 CL4450 PLC 207/223(f) Stonington CT 14,774,898.52 2.990 2.740 0.250 May-57 58,566.15 420 398 22 May-22 Jul-22 Jul-32 A 0 99 0 

CM8616 PLC 232/223(f)/223(a)(7) Camden NJ 14,726,091.79 2.810 2.560 0.250 May-57 56,922.53 420 398 22 May-22 Jul-22 Jul-32 A 0 99 0 

CL9152 PLC 232/223(f) Freeport NY 12,648,317.15 3.150 2.900 0.250 Apr-36 104,994.35 168 145 23 Apr-22 Jun-22 Jun-32 A 0 98 0 CF7690 PLC 221(d)(4)/223(a)(7) St. Cloud MN 10,977,797.07 2.850 2.600 0.250 Oct-51 47,929.76 354 331 23 Apr-22 Jun-22 Jun-32 A 0 98 0 

CN3131 PLC 207/223(f) Charlotte NC 7,801,468.36 2.790 2.540 0.250 May-57 30,071.24 420 398 22 May-22 Jul-22 Jul-32 A 0 99 0 

BY2790 PLC 221(d)(4) Ruckersville VA 2,835,488.13 2.990 2.740 0.250 Sep-62 10,340.06 477 462 15 Dec-22 N/A Nov-32 B N/A 103 0 

BD4447 PLC 221(d)(4) Colorado Springs CO 2,696,834.36 4.490 4.240 0.250 Aug-61 12,410.98 473 449 24 Mar-22 N/A Oct-31 C N/A 90 0 

BV0316 CLC 221(d)(4) Suffolk VA 2,539,088.00 2.890 2.640 0.250 Aug-62 8,929.31 505 461 44 Jul-20 Oct-22 Oct-32 A 0 102 0 CB1479 CLC 221(d)(4) Odessa TX 2,397,891.00 2.700 2.450 0.250 Apr-63 8,174.72 505 469 36 Mar-21 Jun-23 Jun-33 A 0 110 0 

CG5188 PLC 221(d)(4) Glenwood Springs CO 2,266,852.60 2.970 2.720 0.250 May-63 8,165.64 472 470 2 Jan-24 N/A Jul-33 D N/A 111 0 

CF8597 PLC 221(d)(4) Wauwatosa WI 1,646,821.05 2.990 2.740 0.250 Mar-63 5,964.42 477 468 9 Jun-23 N/A May-33 B N/A 109 0 CH3106 PLC 241(a) Loveland CO 1,537,297.82 2.780 2.530 0.250 Jun-60 5,612.63 440 435 5 Oct-23 N/A Jul-33 E N/A 111 0 

CH6569 CLC 221(d)(4) San Antonio TX 1,485,155.00 2.750 2.500 0.250 Feb-64 5,104.89 507 479 28 Nov-21 Apr-24 Apr-34 A 0 120 0 

CD0935 CLC 221(d)(4) Waller TX 1,426,449.00 3.140 2.890 0.250 May-63 5,222.23 500 470 30 Sep-21 Jul-23 Jul-33 A 0 111 0 

CD3306 PLC 221(d)(4) Lafayette Parish LA 1,373,921.65 2.930 2.680 0.250 Oct-62 4,957.52 469 463 6 Sep-23 N/A Dec-32 F N/A 104 0 

CF6777 CLC 221(d)(4) Grand Rapids MI 1,369,814.00 2.650 2.400 0.250 Apr-63 4,631.49 498 469 29 Oct-21 Jun-23 Jun-33 A 0 110 0 

CA3339 PLC 221(d)(4) Commerce City CO 1,185,844.50 2.880 2.630 0.250 Nov-62 4,240.29 477 464 13 Feb-23 N/A Jan-33 B N/A 105 0 

BY2802 CLC 221(d)(4) Chandler AZ 1,113,014.00 3.250 3.000 0.250 Sep-62 4,146.44 504 462 42 Sep-20 Nov-22 Nov-32 A 0 103 0 

BW6782 PLC 221(d)(4) Charlotte NC 1,085,647.85 2.990 2.740 0.250 Aug-62 3,963.56 471 461 10 May-23 N/A Oct-32 G N/A 102 0 

CJ3404 PLC 538 Sunnyside WA 1,023,581.64 3.400 3.050 0.350 Jan-62 (10) 457 454 3 Dec-23 N/A Dec-33 H N/A 116 0 

BW6793 PLC 221(d)(4) Dundalk MD 987,024.16 2.740 2.490 0.250 Aug-62 (11) 476 461 15 Dec-22 N/A Oct-32 I N/A 102 0 

CF9496 CLC 221(d)(4) Clayton NC 951,982.00 2.650 2.400 0.250 Feb-64 3,218.75 506 479 27 Dec-21 Apr-24 Apr-34 A 0 120 0 

CF1640 CLC 221(d)(4) Cleveland TN 951,619.00 2.750 2.500 0.250 Nov-63 3,270.98 505 476 29 Oct-21 Jan-24 Jan-34 A 0 117 0 CH2700 CLC 221(d)(4) Dayton OH 900,387.00 2.850 2.470 0.380 Sep-63 3,145.90 499 474 25 Feb-22 Nov-23 Nov-33 A 0 115 0 BT2928 PLC 221(d)(4) New Orleans LA 852,344.64 2.850 2.600 0.250 Nov-62 3,033.32 479 464 15 Dec-22 Jan-23 Jan-33 A 0 105 0 CJ3419 CLC 538 Lindsay CA 695,000.00 4.220 3.540 0.680 Apr-62 (10) 479 457 22 May-22 Jan-24 Jan-34 A 0 117 0(12) 

CB5879 CLC 213 Puyallup WA 677,989.00 2.990 2.740 0.250 Nov-62 2,423.19 499 464 35 Apr-21 Jan-23 Jan-33 A 0 105 0 

CJ3417 PLC 538 Sevierville TN 481,748.45 3.840 3.240 0.600 Sep-51 2,365.97 353 330 23 Apr-22 Jun-22 Jun-32 A 0 98 0 

BY4358 PLC 221(d)(4) Tulsa OK 440,451.68 2.990 2.740 0.250 Feb-62 1,619.37 478 455 23 Apr-22 N/A Apr-32 H N/A 96 0 BT2912 PLC 221(d)(4) Enterprise AL 430,672.83 2.850 2.600 0.250 Sep-62 1,536.32 476 462 14 Jan-23 N/A Nov-32 I N/A 103 0 

BY4356 PLC 221(d)(4) Tulsa OK 412,018.88 2.990 2.740 0.250 Feb-62 1,514.83 478 455 23 Apr-22 N/A Apr-32 H N/A 96 0 CJ2541 CLC 221(d)(4) Lockhart TX 410,203.00 2.940 2.690 0.250 Oct-63 1,454.31 501 475 26 Jan-22 Dec-23 Dec-33 A 0 116 0 

CF5142 CLC 221(d)(4) Minneapolis MN 331,695.00 2.950 2.700 0.250 Jan-64 1,177.88 504 478 26 Jan-22 Mar-24 Mar-34 A 0 119 0 

CJ9082 PLC 221(d)(4) Browns Mills NJ 323,962.43 2.690 2.440 0.250 Apr-63 1,117.05 479 469 10 May-23 Jun-23 Jun-33 A 0 110 0 

CI3516 PLC 221(d)(4) Bryan TX 242,439.99 3.350 3.100 0.250 Feb-60 967.89 458 431 27 Dec-21 Feb-22 Feb-32 J 0 94 0 CJ9338 PLC 221(d)(4)/223(a)(7) Stillwater OK 241,029.69 3.400 3.150 0.250 Aug-55 1,041.28 403 377 26 Jan-22 Mar-22 Mar-32 J 0 95 0 

BN6303 PLC 241(a) Spokane WA 238,432.73 3.240 2.990 0.250 Mar-51 1,105.06 350 324 26 Jan-22 Mar-22 Mar-32 A 0 95 0 CI3547 PLC 232/223(f) Bellevue OH 238,280.60 3.000 2.750 0.250 May-52 1,045.11 365 338 27 Dec-21 Feb-22 Feb-32 A 0 94 0 

CI3566 PLC 232/223(f) Pottsville PA 237,443.87 3.050 2.750 0.300 Mar-50 1,103.18 338 312 26 Jan-22 Mar-22 Mar-32 A 0 95 0 

BR3540 PLC 221(d)(4) Katy TX 161,128.48 3.730 3.480 0.250 Apr-62 660.85 470 457 13 Feb-23 N/A Jun-32 K N/A 98 0 CH9642 PLC 221(d)(4) Cleveland OH 128,900.68 2.740 2.490 0.250 Jun-63 447.00 473 471 2 Jan-24 N/A Aug-33 C N/A 112 0 

CJ1935 PLC 232 Indianapolis IN 121,416.50 3.390 3.090 0.300 Jul-59 491.67 449 424 25 Feb-22 Apr-22 Apr-32 J 0 96 0 CJ1934 PLC 221(d)(4) Cookeville TN 121,406.97 3.350 3.100 0.250 Jun-60 482.39 461 435 26 Jan-22 Mar-22 Mar-32 J 0 95 0 

CH2297 PLC 221(d)(4)/223(a)(7) Novi MI 121,268.66 3.040 2.790 0.250 Dec-61 450.37 481 453 28 Nov-21 Feb-22 Feb-32 J 0 94 0 

CF5137 PLC 213 Greeley CO 121,104.71 3.160 2.910 0.250 May-60 468.56 461 434 27 Dec-21 Feb-22 Feb-32 J 0 94 0 

C-37
 
FHA Insurance Lockout and Remaining

Program/ Principal Servicing Monthly Original Remaining Period Prepayment Lockout/ Remaining Prepayment Interest

Section 538 Balance Mortgage and Principal Term to Term to from Lockout Penalty Prepayment Lockout Penalty Only

Pool Security Guarantee as of the Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End End Penalty Period Period Period

Number Type Program(2) City/County State Cut-off Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† (mos.)(8)† (mos.)(9)

CI1762 PLC 220/223(a)(7) Baltimore MD $ 121,038.82 3.100% 2.850% 0.250% Apr-60 $ 464.76 460 433 27 Dec-21 Feb-22 Feb-32 J 0 94 0 

CI1044 PLC 221(d)(4) Ashwaubenon WI 120,859.34 3.300 3.030 0.270 Feb-59 486.21 447 419 28 Nov-21 Jan-22 Jan-32 L 0 93 0 BX4642 PLC 221(d)(4) San Antonio TX 120,270.93 2.950 2.700 0.250 Mar-62 438.94 463 456 7 Aug-23 N/A May-32 M N/A 97 0 CI1023 PLC 232/223(f) Westminster CO 120,270.45 2.970 2.720 0.250 Dec-56 478.97 421 393 28 Nov-21 Feb-22 Feb-32 A 0 94 0 CI3593 PLC 232/223(f) Fridley MN 120,148.50 3.250 2.950 0.300 Nov-53 526.37 381 356 25 Feb-22 Apr-22 Apr-32 J 0 96 0 

CI8940 PLC 207/223(f) Chicago IL 120,070.51 3.280 3.030 0.250 Jun-53 532.46 376 351 25 Feb-22 Apr-22 Apr-32 A 0 96 0 CI3570 PLC 232/223(f) Greenfield IN 119,456.04 3.100 2.850 0.250 Jun-52 529.34 365 339 26 Jan-22 Mar-22 Mar-32 A 0 95 0 CI3545 PLC 232/223(f) Petersburg IN 119,164.71 3.000 2.750 0.250 Jun-52 521.68 366 339 27 Dec-21 Feb-22 Feb-32 A 0 94 0 CI3528 PLC 207 Aptos CA 118,939.89 3.000 2.750 0.250 Sep-51 529.74 357 330 27 Dec-21 Feb-22 Feb-32 L 0 94 0 

CI4297 PLC 232/223(f) Carbondale IL 117,307.07 2.970 2.720 0.250 Sep-46 596.21 296 270 26 Jan-22 Mar-22 Mar-32 A 0 95 0 CI3573 PLC 241(a) Delphi IN 116,346.87 3.150 2.900 0.250 May-44 650.15 268 242 26 Jan-22 Mar-22 Mar-32 A 0 95 0 

CJ3283 PLC 232/223(d) Wilson NC 115,120.63 4.000 3.000 1.000 Mar-40 812.75 217 192 25 Feb-22 May-22 May-32 J 0 97 0 CJ3271 PLC 232/223(d) Sumter SC 115,120.61 4.000 3.000 1.000 Mar-40 812.75 217 192 25 Feb-22 May-22 May-32 J 0 97 0 

CJ3274 PLC 232/223(d) Cherryville NC 115,120.59 4.000 3.000 1.000 Mar-40 812.75 217 192 25 Feb-22 May-22 May-32 J 0 97 0 

CJ3275 PLC 232/223(d) Goldsboro NC 115,120.59 4.000 3.000 1.000 Mar-40 812.75 217 192 25 Feb-22 May-22 May-32 J 0 97 0 

CJ3272 PLC 232/223(d) Mount Pleasant NC 115,120.58 4.000 3.000 1.000 Mar-40 812.75 217 192 25 Feb-22 May-22 May-32 J 0 97 0 

CJ6482 PLC 207/223(f) Indiana PA 114,957.08 2.950 2.700 0.250 May-42 681.82 244 218 26 Jan-22 Mar-22 Mar-32 A 0 95 0 CJ2567 CLC 221(d)(4) Wichita KS 101,991.00 2.950 2.700 0.250 Aug-63 362.18 498 473 25 Feb-22 Oct-23 Oct-33 A 0 114 0 

BW3005 PLC 221(d)(4) Conroe TX 58,622.00 2.850 2.600 0.250 Dec-63 205.51 477 477 0 Mar-24 N/A Feb-34 B N/A 118 0 CD0925 PLC 221(d)(4) Dallas TX 38,732.82 2.800 2.550 0.250 Apr-63 135.94 475 469 6 Sep-23 N/A Jun-33 E N/A 110 0 

CJ3400 PLC 538 Grandview WA 35,067.22 3.400 3.050 0.350 Jan-62 (10) 457 454 3 Dec-23 N/A Dec-33 H N/A 116 0 BQ9042 PLC 538 Gladstone MI 27,017.48 3.780 3.150 0.630 Apr-61 (10) 457 445 12 Mar-23 Jun-23 Jun-33 A 0 110 0 

(1)	 Based on publicly available information, including the disclosure documents for the Ginnie Mae Multifamily Certificates, the information with respect to the Mortgage Loans set forth on this

Exhibit A has been collected and summarized by the Sponsor. Capitalized terms have the meaning ascribed to them in the Offering Circular Supplement to which this updated Exhibit Arefers. 

(2)	 Certain Mortgage Loans insured under FHA insurance program Section 223(f) cannot be prepaid for a period of five (5) years from the date of endorsement, unless prior written approval

from FHA is obtained, regardless of any applicable lockout period associated with such mortgage loans.

(3)	 The principal and interest amounts shown in this column reflect only those amounts that are due in respect of the portion of each applicable Ginnie Mae Project Loan Certificate that is a

Trust PLC or each Ginnie Mae Construction Loan Certificate that is a Trust CLC. Because Ginnie Mae Construction Loan Certificates are not entitled to receive principal payments, theamounts identified for each Trust CLC are based upon the assumption that the Trust CLC has converted to a Trust PLC.

(4)	 The Lockout End Date is the first month when a Mortgage Loan is no longer subject to any lockout for voluntary prepayments of principal. For purposes of determining the Lockout End

Date in this Exhibit A, the Lockout End Date is based on the lockout period described in the note or other evidence of indebtedness without regard to any applicable statutory prepayment prohibition period.

(5)	 The Prepayment Penalty End Date is the first month when a Mortgage Loan is no longer subject to the payment of any Prepayment Penalties.(6)	 In some circumstances FHA may permit an FHA-insured Mortgage Loan to be refinanced or prepaid without regard to any Lockout or Prepayment Penalty Code.(7)	 The Remaining Lockout Period is the number of months from the Cut-off Date up to but not including the Lockout End Date.(8)	 The Total Remaining Lockout and Prepayment Penalty Period is the number of months from the Cut-off Date up to but not including the later of the Prepayment Penalty End Date or Lockout End Date. 

(9)	 The Remaining Interest Only Period reflects the number of months remaining during which each Ginnie Mae Construction Loan Certificate is expected to remain outstanding, based on the

remaining construction period for the Ginnie Mae Construction Loan Certificate. 

C-38
 
(10)	 The following Pool Numbers will have amortization schedules providing for level monthly principal and interest payments in the amounts indicated in the table below for each payment

date prior to the related maturity date, with balloon payments equal to the remaining unpaid principal balance of the related Mortgage Loan plus accrued interest thereon to be due as ofits maturity date:

Pool Number Monthly Principal and Interest

BQ9042 ........................................................................... $ 110.35
 

CJ3404 ............................................................................ 3,915.66
 CJ3400 ............................................................................ 134.15
 

CJ3419 ............................................................................ 3,000.48
 

(11)	 Pool Number BW6793, a Ginnie Mae Project Loan Certificate, converted from Pool Number BW6792, a Ginnie Mae Construction Loan Certificate, will have monthly principal and interest

payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans — Level Payments” in this Supplement.

(12)	 The Remaining Interest Only Period is calculated based on information contained in the related Underlying Certificate Disclosure Document, which differs from the publicly available information in the Ginnie Mae Multifamily database. According to the database, the first principal payment on this Mortgage Loan will occur in June 2024.

†	 The Lockout End Date, Prepayment Penalty End Date, Remaining Lockout Period and Total Remaining Lockout and Prepayment Penalty Period are based on the Sponsor’s interpretation of

provisions in the related notes. Differing interpretations of these provisions can result in dates and periods that may vary by as much as one month.

Lockout and Prepayment Penalty Codes:

For each Lockout and Prepayment Penalty Code listed in the table below, lockout up to but not including the Lockout End Date to the extent applicable; from and including the Lockout End Dateor to the extent that the Lockout End Date is N/A, after the Issue Date, the applicable Initial Prepayment Penalty Percentage indicated below will apply to any prepaid amount made during theapplicable Initial Prepayment Penalty Percentage Term indicated below, which is the number of mortgage loan payment dates from and including the Lockout End Date or beyond the Issue Date,as applicable; thereafter, the applicable Subsequent Prepayment Penalty Percentages indicated below will apply to any prepaid amount, where each percentage applies for a period of twelve consecutive mortgage loan payment dates up to but not including the applicable Prepayment Penalty End Date. 

C-39
 
Lockout/Prepayment Initial Prepayment Initial Prepayment Subsequent Prepayment

Penalty Code Penalty Percentage Penalty Percentage Term Penalty Percentages

A 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

B 10% 10 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

C 10% 6 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

D 10% 5 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

E 10% 8 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

F 10% 2 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

G 10% 4 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

H 10% 11 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

I 10% 9 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

J 10% 36 7%, 6%, 5%, 4%, 3%, 2%, 1%

K 10% 3 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

L 10% 24 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

M 9% 8 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1% 

C-40
 
Updated Exhibit

A

Ginnie Mae REMIC Trust 2023-172

Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans(1)

Principal Total Remaining

FHA Insurance Balance Servicing Monthly Original Remaining Period Prepayment Lockout/ Remaining Lockout and Remaining

Program/Section as of the Mortgage and Principal Term to Term to from Lockout Penalty Prepayment Lockout Prepayment Interest

Pool Security 538 Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End End Penalty Period Penalty Period Only Period

Number Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† (mos.)(8)† (mos.)(9)

CS3815 PLC 207/223(f) Cranston RI $9,309,939.21 5.530% 5.280% 0.250% Oct-58 $50,377.70 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 CQ7045 PLC 207/223(f) San Diego CA 8,817,157.90 4.780 4.530 0.250 Mar-58 43,765.82 420 408 12 Mar-23 May-23 May-33 A 0 109 0 

AU6244 PLC 207/223(f) Warren MI 5,944,278.36 4.840 4.590 0.250 May-58 29,671.78 421 410 11 Apr-23 Jul-23 Jul-33 A 0 111 0 

CU4620 PLC 232/223(f) Dillwyn VA 5,635,388.10 6.230 5.980 0.250 Oct-58 33,118.86 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 

CS2721 PLC 232/223(f) Chicago IL 5,529,421.43 4.970 4.720 0.250 Apr-58 28,080.04 420 409 11 Apr-23 Jun-23 Jun-33 A 0 110 0 

CJ2539 CLC 221(d)(4) Greeley CO 5,512,132.00 2.700 2.450 0.250 Jan-64 18,791.58 502 478 24 Mar-22 Mar-24 Mar-34 A 0 119 0 

CB4924 PLC 241(a) Smyrna TN 5,030,990.42 3.790 3.540 0.250 Oct-54 23,174.07 368 367 1 Feb-24 N/A Oct-32 B N/A 102 0 

CR4163 PLC 207/223(f) St. Louis MO 4,944,224.50 4.440 4.190 0.250 Apr-58 23,477.39 420 409 11 Apr-23 Jun-23 Jun-33 A 0 110 0 

CU4619 PLC 232/223(f) Laurel Fork VA 4,676,722.31 6.230 5.980 0.250 Oct-58 27,484.84 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 

CU1282 CLC 221(d)(4) Abilene TX 4,000,000.00 7.300(10) 7.050(10) 0.250 Aug-65 19,954.81 504 497 7 Aug-23 Oct-25 Oct-35 A 18 138 17 CJ1393 CLC 232 Lincoln NE 3,998,827.00 3.330 3.080 0.250 Mar-64 15,086.04 502 480 22 May-22 May-24 May-34 C 1 121 0 

CV1030 PLC 232/223(f) Luray VA 3,971,704.24 6.000 5.750 0.250 Aug-53 23,982.02 360 353 7 Aug-23 Oct-23 Oct-33 D 0 114 0 

CJ8166 CLC 213 Richland Hills TX 3,850,455.00 2.950 2.700 0.250 Dec-63 13,673.31 499 477 22 May-22 Feb-24 Feb-34 A 0 118 0 

CQ7061 PLC 232/223(f) Brooklyn NY 3,406,638.10 5.450 5.200 0.250 Jun-58 18,316.33 421 411 10 May-23 Aug-23 Aug-33 A 0 112 0 CS2722 PLC 232/223(f) Rockford IL 3,267,160.38 4.970 4.720 0.250 Apr-58 16,591.61 420 409 11 Apr-23 Jun-23 Jun-33 A 0 110 0 

CJ8171 CLC 213 Littleton CO 3,136,593.00 2.950 2.700 0.250 Apr-64 11,138.32 502 481 21 Jun-22 Jun-24 Jun-34 A 2 122 1 

CI1778 CLC 231 Frederick MD 3,083,577.00 3.880 3.630 0.250 Mar-64 12,658.28 499 480 19 Aug-22 May-24 May-34 A 1 121 0 

CU2422 PLC 232/223(f) Hernando FL 2,990,721.48 6.590 6.340 0.250 Oct-58 18,310.43 420 415 5 Oct-23 Dec-23 Dec-33 E 0 116 0 

CU2423 PLC 232/223(f) Deland FL 2,990,721.48 6.590 6.340 0.250 Oct-58 18,310.43 420 415 5 Oct-23 Dec-23 Dec-33 E 0 116 0 

CR9639 PLC 232/223(f) Tucson AZ 2,988,222.75 6.360 6.110 0.250 Sep-58 17,837.03 420 414 6 Sep-23 Nov-23 Nov-33 E 0 115 0 

CT8117 PLC 207/223(f) Long Beach CA 2,988,088.86 5.500 5.250 0.250 Oct-58 16,110.49 421 415 6 Sep-23 Dec-23 Dec-33 A 0 116 0 

CR9638 PLC 232/223(f) Rittman OH 2,986,611.09 5.800 5.550 0.250 Sep-58 16,704.67 420 414 6 Sep-23 Nov-23 Nov-33 A 0 115 0 

CV3949 PLC 207/223(f) Memphis TN 2,985,217.95 5.360 5.110 0.250 Sep-58 15,836.30 420 414 6 Sep-23 Nov-23 Nov-33 A 0 115 0 

CV1034 PLC 232/223(f) Cranford NJ 2,981,855.43 6.000 5.750 0.250 Sep-53 17,986.52 361 354 7 Aug-23 Nov-23 Nov-33 D 0 115 0 

CR9636 PLC 232/223(f) Cinnaminson NJ 2,981,158.05 5.800 5.550 0.250 Sep-53 17,602.59 361 354 7 Aug-23 Nov-23 Nov-33 A 0 115 0 

CL5259 CLC 538 Beaumont CA 2,823,275.00 5.410 5.040 0.370 Jul-62 (12) 479 460 19 Aug-22 Jan-24 Jan-34 F 0 117 0 

CF5625 PLC 221(d)(4) Del Valle TX 2,746,842.95 2.800 2.550 0.250 Oct-63 9,573.77 476 475 1 Feb-24 N/A Dec-33 G N/A 116 0 

CI8979 CLC 221(d)(4) Frederick MD 2,745,152.00 4.390 4.140 0.250 Jan-64 12,147.75 497 478 19 Aug-22 Mar-24 Mar-34 A 0 119 0 

CV1035 PLC 232/223(f) Raritan NJ 2,489,339.05 6.000 5.750 0.250 Sep-58 14,254.74 421 414 7 Aug-23 Nov-23 Nov-33 D 0 115 0 

CL6603 CLC 221(d)(4) Cleveland OH 2,425,339.00 2.990 2.740 0.250 Jan-64 (11) 499 478 21 Jun-22 Mar-24 Mar-34 A 0 119 0 

CV1031 PLC 232/223(f) Middle River MD 2,238,777.90 6.000 5.750 0.250 Aug-58 12,829.27 420 413 7 Aug-23 Oct-23 Oct-33 D 0 114 0 

CP0925 CLC 538 Pahokee FL 2,200,000.00 6.240 5.830 0.410 Aug-63 (12) 479 473 6 Sep-23 Sep-25 Sep-35 A 17 137 16 CM4409 PLC 207/223(f) West Petersburg IN 2,077,410.54 4.730 4.480 0.250 Apr-58 10,236.77 420 409 11 Apr-23 Jun-23 Jun-33 A 0 110 0 

CU4613 PLC 207/223(f) Atlanta GA 1,992,200.94 5.580 5.330 0.250 Oct-58 10,845.37 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 

CU6223 PLC 232/223(f) Weslaco TX 1,988,228.80 5.870 5.620 0.250 Jul-58 11,229.73 420 412 8 Jul-23 Sep-23 Sep-33 A 0 113 0 

CM4408 PLC 207/223(f) Princeton IN 1,937,393.83 4.730 4.480 0.250 Apr-58 9,546.81 420 409 11 Apr-23 Jun-23 Jun-33 A 0 110 0 

CM4407 PLC 207/223(f) Mount Vernon IN 1,933,606.93 4.730 4.480 0.250 Apr-58 9,528.15 420 409 11 Apr-23 Jun-23 Jun-33 A 0 110 0 

CM3798 PLC 232/223(f) Green Bay WI 1,743,580.65 5.850 5.600 0.250 Oct-58 9,802.66 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 

CF6709 PLC 221(d)(4) Fort Worth TX 1,672,523.00 2.750 2.500 0.250 Jul-63 5,802.54 472 472 0 Mar-24 N/A Sep-33 H N/A 113 0 

CI8977 CLC 221(d)(4) Frederick MD 1,588,239.00 4.350 4.100 0.250 Jan-64 6,987.72 497 478 19 Aug-22 Mar-24 Mar-34 A 0 119 0 CJ8162 CLC 213 Long Lake MN 1,500,000.00 3.200 2.950 0.250 Sep-63 5,544.09 496 474 22 May-22 Nov-23 Nov-33 A 0 115 0 CU4621 PLC 232/223(f) Rich Creek VA 1,494,956.52 6.230 5.980 0.250 Oct-58 8,785.78 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 

CV3946 PLC 232/223(f) Nashua NH 1,494,767.46 6.070 5.820 0.250 Oct-58 8,623.48 421 415 6 Sep-23 Dec-23 Dec-33 A 0 116 0 

CU2419 PLC 232/223(f) Melbourne FL 1,494,522.71 5.870 5.620 0.250 Oct-58 8,422.30 420 415 5 Oct-23 Dec-23 Dec-33 E 0 116 0 

CR9637 PLC 232/223(f) Bakersfield CA 1,493,043.24 5.630 5.380 0.250 Sep-58 8,183.43 421 414 7 Aug-23 Nov-23 Nov-33 A 0 115 0 

CU2412 PLC 232/223(f) Crofton MD 1,491,937.61 5.670 5.420 0.250 Aug-58 8,223.05 420 413 7 Aug-23 Oct-23 Oct-33 A 0 114 0 

CG8559 CLC 221(d)(4) Memphis TN 1,000,000.00 2.840 2.590 0.250 Jan-64 (11) 506 478 28 Nov-21 Mar-24 Mar-34 A 0 119 0 

CI1780 CLC 221(d)(4) Clarksburg MD 1,000,000.00 4.300 4.050 0.250 Oct-64 4,367.88 502 487 15 Dec-22 Dec-24 Dec-34 A 8 128 7 

CI1782 CLC 221(d)(4) Salt Lake City UT 1,000,000.00 4.250 4.000 0.250 May-64 4,336.20 502 482 20 Jul-22 Jul-24 Jul-34 A 3 123 2 

C-41
 
Principal Total Remaining

FHA Insurance Balance Servicing Monthly Original Remaining Period Prepayment Lockout/ Remaining Lockout and Remaining

Program/Section as of the Mortgage and Principal Term to Term to from Lockout Penalty Prepayment Lockout Prepayment Interest

Pool Security 538 Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End End Penalty Period Penalty Period Only Period

Number Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† (mos.)(8)† (mos.)(9)

C-42
 

CJ1399 CLC 221(d)(4) San Antonio TX $1,000,000.00 4.300% 4.050% 0.250% May-64 $ 4,367.88 504 482 22 May-22 Jul-24 Jul-34 A 3 123 2 

CP1084 CLC 241(a) Amherst NY 1,000,000.00 5.070 4.820 0.250 Dec-54 5,367.26 386 369 17 Oct-22 Jul-24 Jul-34 A 3 123 2 

CM3799 PLC 232/223(f) Suamico WI 996,331.80 5.850 5.600 0.250 Oct-58 5,601.52 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 CU2416 PLC 232/223(f) St. Petersburg FL 993,707.53 5.790 5.540 0.250 Sep-53 5,861.16 360 354 6 Sep-23 Nov-23 Nov-33 A 0 115 0 

CU2408 PLC 232/223(f) North Cape May NJ 993,386.02 5.350 5.100 0.250 Jul-58 5,272.27 420 412 8 Jul-23 Sep-23 Sep-33 A 0 113 0 

CP0924 PLC 538/515 Waller TX 887,626.83 6.270 5.640 0.630 Jul-63 5,068.74 479 472 7 Aug-23 Oct-23 Oct-33 A 0 114 0 

CC1896 CLC 221(d)(4) Foley AL 587,800.00 2.620 2.370 0.250 Apr-64 1,977.57 508 481 27 Dec-21 Jun-24 Jun-34 A 2 122 1 CG9747 PLC 221(d)(4) Cape Girardeau MO 570,404.37 2.870 2.570 0.300 Nov-63 2,008.44 477 476 1 Feb-24 N/A Jan-34 I N/A 117 0 CG3705 PLC 221(d)(4) Tulsa OK 505,121.41 2.950 2.700 0.250 Aug-63 1,807.66 475 473 2 Jan-24 N/A Oct-33 J N/A 114 0 CP0920 CLC 538 Oakfield NY 500,000.00 6.960 6.130 0.830 Jun-63 (12) 479 471 8 Jul-23 Mar-25 Mar-35 A 11 131 10 CF5627 CLC 221(d)(4) Kansas City MO 412,245.00 2.860 2.610 0.250 Jan-64 1,442.71 501 478 23 Apr-22 Mar-24 Mar-34 C 0 119 0 

CS6552 CLC 241(a) Portland OR 349,950.00 6.350 6.100 0.250 Sep-56 2,131.18 395 390 5 Oct-23 Oct-24 Oct-34 A 6 126 5 

CP0913 PLC 538/515 Sealy TX 319,536.76 6.200 5.600 0.600 May-63 1,810.80 479 470 9 Jun-23 Aug-23 Aug-33 A 0 112 0 

CP0903 PLC 538 Lockhart TX 282,114.96 5.450 5.080 0.370 Feb-48 (12) 299 287 12 Mar-23 May-23 May-33 A 0 109 0 

CA1769 PLC 207/223(f) Farmington Hills MI 275,715.45 3.670 3.420 0.250 Jul-57 1,195.73 420 400 20 Jul-22 Sep-22 Sep-32 A 0 101 0 

BW8629 PLC 221(d)(4) Leavenworth WA 259,858.68 3.200 2.950 0.250 Mar-63 972.65 473 468 5 Oct-23 N/A May-33 K N/A 109 0 CJ9082 PLC 221(d)(4) Browns Mills NJ 106,163.87 2.690 2.440 0.250 Apr-63 366.06 479 469 10 May-23 N/A Jun-33 A N/A 110 0 BO6069 PLC 221(d)(4) Louisville KY 90,753.86 3.490 3.240 0.250 Jun-62 358.47 472 459 13 Feb-23 N/A Aug-32 L N/A 100 0 CU4616 CLC 221(d)(4) Burlington NC 50,000.00 6.210 5.960 0.250 Jan-66 282.46 508 502 6 Sep-23 Mar-26 Mar-36 A 23 143 22 CT8121 CLC 221(d)(4) Bozeman MT 25,000.00 5.750 5.500 0.250 Feb-66 133.22 509 503 6 Sep-23 Apr-26 Apr-35 M 24 132 23 CP4184 CLC 221(d)(4) Irving TX 14,832.00 5.660 5.410 0.250 Aug-64 78.12 500 485 15 Dec-22 Oct-24 Oct-34 A 6 126 5 

CF6759 PLC 221(d)(4) Chicago IL 6,980.28 2.500 2.250 0.250 Feb-63 23.39 473 467 6 Sep-23 N/A Apr-33 K N/A 108 0 

(1)	 Based on publicly available information, including the disclosure documents for the Ginnie Mae Multifamily Certificates, the information with respect to the Mortgage Loans set forth on this

Exhibit A has been collected and summarized by the Sponsor. Capitalized terms have the meaning ascribed to them in the Offering Circular Supplement to which this Updated Exhibit Arefers. 

(2)	 Certain Mortgage Loans insured under FHA insurance program Section 223(f) cannot be prepaid for a period of five (5) years from the date of endorsement, unless prior written approval

from FHA is obtained, regardless of any applicable lockout period associated with such mortgage loans.

(3)	 The principal and interest amounts shown in this column reflect only those amounts that are due in respect of the portion of each applicable Ginnie Mae Project Loan Certificate that is a

Trust PLC. 

(4)	 The Lockout End Date is the first month when a Mortgage Loan is no longer subject to any lockout for voluntary prepayments of principal. For purposes of determining the Lockout End

Date in this Exhibit A, the Lockout End Date is based on the lockout period described in the note or other evidence of indebtedness without regard to any applicable statutory prepayment prohibition period.

(5)	 The Prepayment Penalty End Date is the first month when a Mortgage Loan is no longer subject to the payment of any Prepayment Penalties.(6)	 In some circumstances FHA may permit an FHA-insured Mortgage Loan to be refinanced or prepaid without regard to any Lockout or Prepayment Penalty Code.(7)	 The Remaining Lockout Period is the number of months from the Cut-off Date up to but not including the Lockout End Date.(8)	 The Total Remaining Lockout and Prepayment Penalty Period is the number of months from the Cut-off Date up to but not including the later of the Prepayment Penalty End Date or Lockout End Date. 

(9)	 The Remaining Interest Only Period reflects the number of months remaining during which each Ginnie Mae Construction Loan Certificate is expected to remain outstanding, based on the

remaining construction period for the Ginnie Mae Construction Loan Certificate.

(10)	 The Mortgage Interest Rate and Certificate Rate for Pool Number CU1282 will be 5.250% and 5.000%, respectively, after the date of conversion to a Ginnie Mae Project Loan Certificate.(11)	 Pool Numbers CG8559 and CL6603 will have monthly principal and interest payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage

Loans — Level Payments” in this Supplement.
(12)	 The following Pool Numbers will have amortization schedules providing for level monthly principal and interest payments in the amounts indicated in the table below for each payment

date prior to the related maturity date, with balloon payments equal to the remaining unpaid principal balance of the related Mortgage Loan plus accrued interest thereon to be due as ofits maturity date:

Pool Number Monthly Principal and Interest

CL5259 ........................................................................... $14,389.12
 CP0903 ........................................................................... 1,455.91
 CP0920 ........................................................................... 3,092.64
 CP0925 ........................................................................... 12,474.77
 

†	 The Lockout End Date, Prepayment Penalty End Date, Remaining Lockout Period and Total Remaining Lockout and Prepayment Penalty Period are based on the Sponsor’s interpretation of

provisions in the related notes. Differing interpretations of these provisions can result in dates and periods that may vary by as much as one month.

Lockout and Prepayment Penalty Codes:

For each Lockout and Prepayment Penalty Code listed in the table below, lockout up to but not including the Lockout End Date to the extent applicable; from and including the Lockout End Dateor to the extent that the Lockout End Date is N/A, after the Issue Date, the applicable Initial Prepayment Penalty Percentage indicated below will apply to any prepaid amount made during theapplicable Initial Prepayment Penalty Percentage Term indicated below, which is the number of mortgage loan payment dates from and including the Lockout End Date or beyond the Issue Date,as applicable; thereafter, the applicable Subsequent Prepayment Penalty Percentages indicated below will apply to any prepaid amount, where each percentage applies for a period of twelve consecutive mortgage loan payment dates up to but not including the applicable Prepayment Penalty End Date.

Lockout/Prepayment Initial Prepayment Initial Prepayment Subsequent Prepayment

Penalty Code Penalty Percentage Penalty Percentage Term Penalty Percentage

A 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


B 10% 7 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


C 10% 36 7%, 6%, 5%, 4%, 3%, 2%, 1%


D 10% 60 1%, 1%, 1%, 1%, 1%


E 10% 36 3%, 2%, 1%, 1%, 1%, 1%, 1%


F 10% 24 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


G 10% 33 7%, 6%, 5%, 4%, 3%, 2%, 1%


H 10% 5 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


I 10% 34 7%, 6%, 5%, 4%, 3%, 2%, 1%

J 10% 32 7%, 6%, 5%, 4%, 3%, 2%, 1%

K 10% 6 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

L 10% 29 7%, 6%, 5%, 4%, 3%, 2%, 1%

M 9% 12 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1% 

C-43
 
Updated Exhibit

A

Ginnie Mae REMIC Trust 2023-194

Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans(1)

Principal Total Remaining

FHA Insurance Balance Servicing Monthly Original Remaining Period Lockout/ Remaining Lockout and Remaining

Program/Section as of the Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Prepayment Interest

Pool Security 538 Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Penalty Only Period

Number Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† Period (mos.)(8)† (mos.)(9)

CG8559 CLC 221(d)(4) Memphis TN $5,344,401.00 2.840% 2.590% 0.250% Jan-64 (10) 506 478 28 Nov-21 Mar-24 Mar-34 A 0 119 0 CT8115 PLC 232/223(f) Hialeah FL 5,238,237.74 7.000 6.750 0.250 Nov-58 $33,539.96 421 416 5 Oct-23 Jan-24 Jan-31 B 0 81 0 

CP3649 CLC 221(d)(4) Forney TX 5,000,000.00 4.600 4.350 0.250 Jan-65 22,800.55 507 490 17 Oct-22 Mar-25 Mar-35 A 11 131 10 

CV1034 PLC 232/223(f) Cranford NJ 4,721,271.10 6.000 5.750 0.250 Sep-53 28,478.65 361 354 7 Aug-23 Nov-23 Nov-33 C 0 115 0 

CV3949 PLC 207/223(f) Memphis TN 4,135,122.91 5.360 5.110 0.250 Sep-58 21,936.44 420 414 6 Sep-23 Nov-23 Nov-33 A 0 115 0 

CF6661 CLC 221(d)(4) Marana AZ 4,000,000.00 3.100 2.850 0.250 Oct-63 14,550.86 504 475 29 Oct-21 Dec-23 Dec-33 A 0 116 0 

CL1968 CLC 231 Frederick MD 4,000,000.00 4.370 4.120 0.250 Oct-65 17,649.62 516 499 17 Oct-22 Dec-25 Dec-35 A 20 140 19 

CL5327 CLC 231 Fredericksburg VA 4,000,000.00 3.150 2.900 0.250 Jul-64 14,667.32 505 484 21 Jun-22 Sep-24 Sep-34 A 5 125 4 

CP7204 CLC 221(d)(4) Houston TX 4,000,000.00 4.810 4.560 0.250 Apr-65 18,787.25 511 493 18 Sep-22 Jun-25 Jun-35 A 14 134 13 CV1031 PLC 232/223(f) Middle River MD 3,980,049.60 6.000 5.750 0.250 Aug-58 22,807.59 420 413 7 Aug-23 Oct-23 Oct-33 C 0 114 0 CF9496 CLC 221(d)(4) Clayton NC 3,250,000.00 2.650 2.400 0.250 Feb-64 10,988.60 506 479 27 Dec-21 Apr-24 Apr-34 A 0 120 0 CF1028 CLC 221(d)(4) Hagerstown MD 3,000,000.00 3.850 3.600 0.250 Sep-64 12,259.74 507 486 21 Jun-22 Nov-24 Nov-34 A 7 127 6 

CF5129 CLC 221(d)(4) Longview TX 3,000,000.00 2.740 2.490 0.250 Jan-64 10,294.92 507 478 29 Oct-21 Mar-24 Mar-34 A 0 119 0 

CM8619 CLC 221(d)(4) San Marcos TX 3,000,000.00 3.490 3.240 0.250 Mar-64 11,603.74 502 480 22 May-22 May-24 May-32 D 1 97 0 

CN3134 CLC 221(d)(4) Lubbock TX 3,000,000.00 3.930 3.680 0.250 Oct-64 12,407.87 508 487 21 Jun-22 Dec-24 Dec-34 A 8 128 7 

CQ7048 CLC 221(d)(4) Pasco WA 3,000,000.00 4.920 4.670 0.250 Mar-65 14,307.31 503 492 11 Apr-23 May-25 May-35 A 13 133 12 

CU2424 PLC 232/223(f) Ripley WV 2,992,493.07 6.530 6.280 0.250 Nov-58 18,186.49 420 416 4 Nov-23 Jan-24 Jan-34 E 0 117 0 CN7599 CLC 221(d)(4) Columbia TN 2,630,628.00 4.900 4.650 0.250 May-64 12,511.07 498 482 16 Nov-22 Jul-24 Jul-34 A 3 123 2 

CJ3407 CLC 221(d)(4) South Ogden UT 2,583,852.00 2.850 2.600 0.250 May-64 9,027.82 507 482 25 Feb-22 Jul-24 Jul-34 A 3 123 2 

CL6621 CLC 221(d)(4) Waco TX 2,500,000.00 3.890 3.640 0.250 Oct-64 10,278.08 507 487 20 Jul-22 Dec-24 Dec-34 A 8 128 7 

CP3651 CLC 221(d)(4) Temple TX 2,500,000.00 4.780 4.530 0.250 Dec-64 11,692.95 505 489 16 Nov-22 Feb-25 Feb-35 A 10 130 9 

CI3486 CLC 221(d)(4) Louisville KY 2,281,042.00 2.800 2.550 0.250 Jun-64 7,905.06 508 483 25 Feb-22 Aug-24 Aug-34 A 4 124 3 

CI1026 CLC 221(d)(4) Chicago IL 2,250,000.00 2.870 2.620 0.250 Oct-63 7,886.99 502 475 27 Dec-21 Dec-23 Dec-33 A 0 116 0 CL2674 PLC 221(d)(4) Louisville KY 2,187,922.47 3.920 3.670 0.250 Jul-61 9,306.09 471 448 23 Apr-22 Jun-22 Jun-32 F 0 98 0 

CJ2567 CLC 221(d)(4) Wichita KS 2,042,541.00 2.950 2.700 0.250 Aug-63 7,253.24 498 473 25 Feb-22 Oct-23 Oct-33 A 0 114 0 

CH2284 CLC 221(d)(4) Waynesville NC 2,000,000.00 2.870 2.620 0.250 Jun-64 7,010.66 512 483 29 Oct-21 Aug-24 Aug-34 A 4 124 3 

CI8983 CLC 221(d)(4) New Braunfels TX 2,000,000.00 4.450 4.200 0.250 Mar-65 8,927.08 506 492 14 Jan-23 May-25 May-35 A 13 133 12 CL5332 CLC 221(d)(4) Baton Rouge LA 2,000,000.00 3.330 3.080 0.250 Aug-64 7,545.23 506 485 21 Jun-22 Oct-24 Oct-34 A 6 126 5 

CV1030 PLC 232/223(f) Luray VA 1,985,852.12 6.000 5.750 0.250 Aug-53 11,991.01 360 353 7 Aug-23 Oct-23 Oct-33 C 0 114 0 

CP3678 CLC 221(d)(4) Cleveland OH 1,873,357.00 6.400 6.150 0.250 Apr-65 10,834.51 507 493 14 Jan-23 Jun-25 Jun-35 A 14 134 13 BU0122 PLC 221(d)(4) Hialeah FL 1,865,561.58 3.420 3.170 0.250 Jul-62 7,283.89 464 460 4 Nov-23 N/A Sep-32 G N/A 101 0 CL6603 CLC 221(d)(4) Cleveland OH 1,785,725.00 2.990 2.740 0.250 Jan-64 (10) 499 478 21 Jun-22 Mar-24 Mar-34 A 0 119 0 CC5101 CLC 220 Los Alamos NM 1,500,000.00 3.150 2.900 0.250 Aug-63 5,500.24 506 473 33 Jun-21 Oct-23 Oct-33 F 0 114 0 

CJ1399 CLC 221(d)(4) San Antonio TX 1,500,000.00 4.300 4.050 0.250 May-64 6,551.82 504 482 22 May-22 Jul-24 Jul-34 A 3 123 2 

CH3106 PLC 241(a) Loveland CO 1,474,308.15 2.780 2.530 0.250 Jun-60 5,382.65 440 435 5 Oct-23 N/A Jul-33 H N/A 111 0 

CG9742 CLC 221(d)(4) Bennington NE 1,293,883.00 2.850 2.600 0.250 Mar-64 4,520.75 504 480 24 Mar-22 May-24 May-34 I 1 121 0 CJ2541 CLC 221(d)(4) Lockhart TX 1,268,069.00 2.940 2.690 0.250 Oct-63 4,495.75 501 475 26 Jan-22 Dec-23 Dec-33 A 0 116 0 CS3816 CLC 241(a) Raleigh NC 1,235,899.00 6.900 6.650 0.250 Jun-57 7,990.29 404 399 5 Oct-23 Aug-25 Aug-35 A 16 136 15 BL3439 CLC 221(d)(4) Cottonwood AZ 1,000,000.00 2.800 2.550 0.250 Mar-64 3,465.55 508 480 28 Nov-21 May-24 May-34 A 1 121 0 CF1637 CLC 231 Cary NC 1,000,000.00 2.540 2.290 0.250 Mar-64 3,319.89 506 480 26 Jan-22 May-24 May-34 A 1 121 0 

CI3510 CLC 221(d)(4) Tacoma WA 1,000,000.00 2.900 2.650 0.250 Jun-64 3,522.45 508 483 25 Feb-22 Aug-24 Aug-34 A 4 124 3 

CJ8144 CLC 221(d)(4) West Valley UT 1,000,000.00 2.890 2.640 0.250 Jun-64 3,516.74 509 483 26 Jan-22 Aug-24 Aug-34 A 4 124 3 CL5325 CLC 231 Chesapeake VA 1,000,000.00 3.150 2.900 0.250 Jun-64 3,666.83 504 483 21 Jun-22 Aug-24 Aug-34 A 4 124 3 CU6225 PLC 232/223(f) El Paso TX 996,722.07 6.340 6.090 0.250 Oct-58 5,932.03 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 CU2421 PLC 207/223(f) Dallas TX 996,422.67 5.960 5.710 0.250 Oct-58 5,675.06 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 CN2462 PLC 207/223(f) Portland OR 987,639.13 4.500 4.250 0.250 Apr-58 (10) 421 409 12 Mar-23 Jun-23 Jun-33 A 0 110 0 

BW3005 PLC 221(d)(4) Conroe TX 871,052.00 2.850 2.600 0.250 Dec-63 3,053.68 477 477 0 Mar-24 N/A Feb-34 J N/A 118 0 CJ8168 CLC 221(d)(4) Fort Worth TX 659,963.00 3.170 2.920 0.250 Nov-63 2,427.68 497 476 21 Jun-22 Jan-24 Jan-34 A 0 117 0 CG5189 CLC 221(d)(4) Killeen TX 653,838.00 2.890 2.640 0.250 Jul-63 2,299.38 503 472 31 Aug-21 Sep-23 Sep-33 I 0 113 0 

C-44
 
Principal Total Remaining

FHA Insurance Balance Servicing Monthly Original Remaining Period Lockout/ Remaining Lockout and Remaining

Program/Section as of the Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Prepayment Interest

Pool Security 538 Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Penalty Only Period

Number Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† Period (mos.)(8)† (mos.)(9)

C-45
 

CB5879 CLC 213 Puyallup WA $ 653,410.00 2.990% 2.740% 0.250% Nov-62 $ 2,335.34 499 464 35 Apr-21 Jan-23 Jan-33 A 0 105 0 

BY8314 PLC 221(d)(4) Lubbock TX 640,614.40 2.950 2.700 0.250 Apr-63 2,302.90 474 469 5 Oct-23 N/A Jun-33 K N/A 110 0 

CC1896 CLC 221(d)(4) Foley AL 549,578.00 2.620 2.370 0.250 Apr-64 1,848.97 508 481 27 Dec-21 Jun-24 Jun-34 A 2 122 1 

CQ9707 PLC 207/223(f) Austin TX 494,920.51 4.875 4.625 0.250 Apr-58 2,483.72 420 409 11 Apr-23 Jun-23 Jun-33 A 0 110 0 CN2461 PLC 207/223(f) Grapevine TX 492,647.30 4.300 4.050 0.250 Jan-58 2,304.74 420 406 14 Jan-23 Mar-23 Mar-33 A 0 107 0 CN2445 PLC 207/223(f) Modesto CA 491,005.70 3.550 3.300 0.250 Jun-57 2,098.16 420 399 21 Jun-22 Aug-22 Aug-32 A 0 100 0 

BY2802 CLC 221(d)(4) Chandler AZ 476,058.00 3.250 3.000 0.250 Sep-62 1,773.51 504 462 42 Sep-20 Nov-22 Nov-32 A 0 103 0 

CD0935 CLC 221(d)(4) Waller TX 420,459.00 3.140 2.890 0.250 May-63 1,539.30 500 470 30 Sep-21 Jul-23 Jul-33 A 0 111 0 

BW4543 PLC 221(d)(4) Orlando FL 409,024.59 2.950 2.650 0.300 Jul-62 1,485.72 465 460 5 Oct-23 N/A Sep-32 L N/A 101 0 

CF8597 PLC 221(d)(4) Wauwatosa WI 395,405.99 2.990 2.740 0.250 Mar-63 1,432.07 477 468 9 Jun-23 N/A May-33 J N/A 109 0 CP0910 CLC 538 Independence KS 353,229.00 6.150 5.680 0.470 Apr-63 (11) 479 469 10 May-23 Jul-25 Jul-35 A 15 135 14 

CD3306 PLC 221(d)(4) Lafayette Parish LA 305,017.11 2.930 2.680 0.250 Oct-62 1,100.59 469 463 6 Sep-23 N/A Dec-32 M N/A 104 0 

BO1075 PLC 221(d)(4) St. George UT 277,828.34 3.750 3.500 0.250 Aug-62 1,138.36 476 461 15 Dec-22 N/A Oct-32 N N/A 102 0 

CB0923 PLC 221(d)(4) San Antonio TX 249,441.80 3.100 2.850 0.250 Oct-62 924.31 464 463 1 Feb-24 N/A Dec-32 O N/A 104 0 CF1640 CLC 221(d)(4) Cleveland TN 234,446.00 2.750 2.500 0.250 Nov-63 805.86 505 476 29 Oct-21 Jan-24 Jan-34 A 0 117 0 

CD3315 PLC 241(a) Cutler Bay FL 198,964.30 2.930 2.680 0.250 Nov-51 875.35 336 332 4 Nov-23 N/A Mar-33 P N/A 107 0 CF5622 CLC 221(d)(4) Houston TX 107,585.00 3.840 3.590 0.250 Jul-64 438.99 504 484 20 Jul-22 Sep-24 Sep-34 A 5 125 4 CP0914 CLC 538 Keene TX 100,000.00 6.630 5.800 0.830 May-63 (11) 479 470 9 Jun-23 Feb-25 Feb-35 A 10 130 9 

BW6782 PLC 221(d)(4) Charlotte NC 82,312.77 2.990 2.740 0.250 Aug-62 300.51 471 461 10 May-23 N/A Oct-32 Q N/A 102 0 

CJ2539 CLC 221(d)(4) Greeley CO 70,952.00 2.700 2.450 0.250 Jan-64 241.88 502 478 24 Mar-22 Mar-24 Mar-34 A 0 119 0 

CC5117 CLC 221(d)(4) Wichita KS 42,242.00 3.600 3.350 0.250 Aug-64 166.18 506 485 21 Jun-22 Oct-24 Oct-34 F 6 126 5 

(1)	 Based on publicly available information, including the disclosure documents for the Ginnie Mae Multifamily Certificates, the information with respect to the Mortgage Loans set forth on this

Exhibit A has been collected and summarized by the Sponsor. Capitalized terms have the meaning ascribed to them in the Offering Circular Supplement to which this Updated Exhibit Arefers. 

(2)	 Certain Mortgage Loans insured under FHA insurance program Section 223(f) cannot be prepaid for a period of five (5) years from the date of endorsement, unless prior written approval

from FHA is obtained, regardless of any applicable lockout period associated with such mortgage loans.

(3)	 The principal and interest amounts shown in this column reflect only those amounts that are due in respect of the portion of each applicable Ginnie Mae Project Loan Certificate that is a

Trust PLC. 

(4)	 The Lockout End Date is the first month when a Mortgage Loan is no longer subject to any lockout for voluntary prepayments of principal. For purposes of determining the Lockout End

Date in this Exhibit A, the Lockout End Date is based on the lockout period described in the note or other evidence of indebtedness without regard to any applicable statutory prepayment prohibition period.

(5)	 The Prepayment Penalty End Date is the first month when a Mortgage Loan is no longer subject to the payment of any Prepayment Penalties.(6)	 In some circumstances FHA may permit an FHA-insured Mortgage Loan to be refinanced or prepaid without regard to any Lockout or Prepayment Penalty Code.(7)	 The Remaining Lockout Period is the number of months from the Cut-off Date up to but not including the Lockout End Date.(8)	 The Total Remaining Lockout and Prepayment Penalty Period is the number of months from the Cut-off Date up to but not including the later of the Prepayment Penalty End Date or Lockout End Date. 

(9)	 The Remaining Interest Only Period reflects the number of months remaining during which each Ginnie Mae Construction Loan Certificate is expected to remain outstanding, based on the

remaining construction period for the Ginnie Mae Construction Loan Certificate.

(10)	 Pool Numbers CG8559, CL6603 and CN2462 will have monthly principal and interest payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage

Loans — Level Payments” in this Supplement.
(11)	 The following Pool Numbers will have amortization schedules providing for level monthly principal and interest payments in the amounts indicated in the table below for each payment

date prior to the related maturity date, with balloon payments equal to the remaining unpaid principal balance of the related Mortgage Loan plus accrued interest thereon to be due as ofits maturity date:

Pool Number Monthly Principal and Interest

CP0910 ........................................................................... $1,980.57
 CP0914 ........................................................................... 594.74
 

†	 The Lockout End Date, Prepayment Penalty End Date, Remaining Lockout Period and Total Remaining Lockout and Prepayment Penalty Period are based on the Sponsor’s interpretation of

provisions in the related notes. Differing interpretations of these provisions can result in dates and periods that may vary by as much as one month. 

C-46
 
Lockout and Prepayment Penalty Codes:

For each Lockout and Prepayment Penalty Code listed in the table below, lockout up to but not including the Lockout End Date to the extent applicable; from and including the Lockout End Dateor to the extent that the Lockout End Date is N/A, after the Issue Date, the applicable Initial Prepayment Penalty Percentage indicated below will apply to any prepaid amount made during theapplicable Initial Prepayment Penalty Percentage Term indicated below, which is the number of mortgage loan payment dates from and including the Lockout End Date or beyond the Issue Date,as applicable; thereafter, the applicable Subsequent Prepayment Penalty Percentages indicated below will apply to any prepaid amount, where each percentage applies for a period of twelve consecutive mortgage loan payment dates up to but not including the applicable Prepayment Penalty End Date.

Lockout/Prepayment Initial Prepayment Initial Prepayment Subsequent Prepayment

Penalty Code Penalty Percentage Penalty Percentage Term Penalty Percentage

A 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


B 7% 12 6%, 5%, 4%, 3%, 2%, 1%


C 10% 60 1%, 1%, 1%, 1%, 1%


D 10% 60 5%, 4%, 3%
 

E 10% 36 3%, 2%, 1%, 1%, 1%, 1%, 1%


F 10% 36 7%, 6%, 5%, 4%, 3%, 2%, 1%


G 9% 9 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


H 10% 8 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


I 10% 24 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

J 10% 10 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

K 10% 19 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

L 10% 22 7%, 6%, 5%, 4%, 3%, 2%, 1%

M 10% 2 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

N 10% 33 7%, 6%, 5%, 4%, 3%, 2%, 1%

O 10% 9 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

P 10% 3 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%

Q 10% 4 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1% 

C-47
 
Updated Exhibit

A

Ginnie Mae REMIC Trust 2024-015

— Security Groups 1 and

2

Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans(1)

Principal

FHA Insurance Balance Servicing Monthly Original Remaining Period Lockout/ Remaining Total Remaining Remaining

Program/Section as of the Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Lockout and Interest Only

Pool Security Security 538 Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Prepayment Penalty Period

Number Group Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† Period (mos.)(8)† (mos.)(9)

CL5332 1 CLC 221(d)(4) Baton Rouge LA $1,250,000.00 3.330% 3.080% 0.250% Aug-64 $4,715.77 506 485 21 Jun-22 Oct-24 Oct-34 A 6 126 5 CF9496 1 CLC 221(d)(4) Clayton NC 1,000,000.00 2.650 2.400 0.250 Feb-64 3,381.11 506 479 27 Dec-21 Apr-24 Apr-34 A 0 120 0 CI1780 1 CLC 221(d)(4) Clarksburg MD 1,000,000.00 4.300 4.050 0.250 Oct-64 4,367.88 502 487 15 Dec-22 Dec-24 Dec-34 A 8 128 7 CM8619 1 CLC 221(d)(4) San Marcos TX 1,000,000.00 3.490 3.240 0.250 Mar-64 3,867.91 502 480 22 May-22 May-24 May-32 B 1 97 0 CF5129 1 CLC 221(d)(4) Longview TX 900,000.00 2.740 2.490 0.250 Jan-64 3,088.47 507 478 29 Oct-21 Mar-24 Mar-34 A 0 119 0 

CM3096 1 CLC 221(d)(4) New Braunfels TX 900,000.00 4.150 3.900 0.250 Aug-64 3,845.84 504 485 19 Aug-22 Oct-24 Oct-34 A 6 126 5 

CU2427 1 PLC 232/223(f) Yellville AR 898,452.29 6.890 6.640 0.250 Dec-58 5,680.45 420 417 3 Dec-23 Feb-24 Feb-34 A 0 118 0 CN3134 1 CLC 221(d)(4) Lubbock TX 850,000.00 3.930 3.680 0.250 Oct-64 3,515.56 508 487 21 Jun-22 Dec-24 Dec-34 A 8 128 7 

CF1028 1 CLC 221(d)(4) Hagerstown MD 750,000.00 3.850 3.600 0.250 Sep-64 3,064.94 507 486 21 Jun-22 Nov-24 Nov-34 A 7 127 6 

CF9487 1 CLC 221(d)(4) Salt Lake City UT 750,000.00 3.050 2.800 0.250 Mar-64 2,706.54 511 480 31 Aug-21 May-24 May-34 A 1 121 0 

CR4163 1 PLC 207/223(f) St. Louis MO 741,633.68 4.440 4.190 0.250 Apr-58 3,521.61 420 409 11 Apr-23 Jun-23 Jun-33 A 0 110 0 

CL6599 1 CLC 221(d)(4) Bozeman MT 725,000.00 3.030 2.780 0.250 Feb-64 2,607.94 502 479 23 Apr-22 Apr-24 Apr-34 A 0 120 0 

CR2277 1 CLC 221(d)(4) Elmendorf TX 700,000.00 4.750 4.500 0.250 Feb-65 3,260.30 507 491 16 Nov-22 Apr-25 Apr-35 A 12 132 11 CF6766 1 CLC 221(d)(4) Tulsa OK 650,000.00 2.900 2.650 0.250 Apr-64 2,289.59 505 481 24 Mar-22 Jun-24 Jun-34 A 2 122 1 CJ8144 1 CLC 221(d)(4) West Valley UT 600,000.00 2.890 2.640 0.250 Jun-64 2,110.04 509 483 26 Jan-22 Aug-24 Aug-34 A 4 124 3 

CP3649 1 CLC 221(d)(4) Forney TX 600,000.00 4.600 4.350 0.250 Jan-65 2,736.07 507 490 17 Oct-22 Mar-25 Mar-35 A 11 131 10 

BL3439 1 CLC 221(d)(4) Cottonwood AZ 575,000.00 2.800 2.550 0.250 Mar-64 1,992.69 508 480 28 Nov-21 May-24 May-34 A 1 121 0 

CI3510 1 CLC 221(d)(4) Tacoma WA 550,000.00 2.900 2.650 0.250 Jun-64 1,937.35 508 483 25 Feb-22 Aug-24 Aug-34 A 4 124 3 

CW8879 1 PLC 232/223(f) Somers NY 548,761.91 6.980 6.730 0.250 Nov-58 3,506.00 421 416 5 Oct-23 Jan-24 Jan-34 C 0 117 0 CO3164 1 CLC 221(d)(4) Denison TX 525,000.00 4.650 4.400 0.250 May-64 2,411.06 501 482 19 Aug-22 Jul-24 Jul-34 A 3 123 2 

CN2461 1 PLC 207/223(f) Grapevine TX 517,279.67 4.300 4.050 0.250 Jan-58 2,419.97 420 406 14 Jan-23 Mar-23 Mar-33 A 0 107 0 

CU2421 1 PLC 207/223(f) Dallas TX 498,211.34 5.960 5.710 0.250 Oct-58 2,837.53 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 

CJ1399 1 CLC 221(d)(4) San Antonio TX 475,000.00 4.300 4.050 0.250 May-64 2,074.74 504 482 22 May-22 Jul-24 Jul-34 A 3 123 2 

CL5327 1 CLC 231 Fredericksburg VA 475,000.00 3.150 2.900 0.250 Jul-64 1,741.74 505 484 21 Jun-22 Sep-24 Sep-34 A 5 125 4 

CC1904 1 CLC 221(d)(4) Wilmington NC 450,000.00 4.700 4.450 0.250 Dec-64 2,081.25 506 489 17 Oct-22 Feb-25 Feb-35 A 10 130 9 

CI1778 1 CLC 231 Frederick MD 450,000.00 3.880 3.630 0.250 Mar-64 1,847.28 499 480 19 Aug-22 May-24 May-34 A 1 121 0 

CJ9345 1 CLC 221(d)(4) Las Vegas NV 450,000.00 2.990 2.740 0.250 May-64 1,608.34 507 482 25 Feb-22 Jul-24 Jul-34 A 3 123 2 CM4399 1 CLC 221(d)(4) Aurora CO 450,000.00 4.280 4.030 0.250 Dec-64 1,959.84 506 489 17 Oct-22 Feb-25 Feb-35 A 10 130 9 

CQ9704 1 CLC 221(d)(4) Niceville FL 450,000.00 6.040 5.790 0.250 May-65 2,488.52 506 494 12 Mar-23 Jul-25 Jul-35 A 15 135 14 

CF5625 1 PLC 221(d)(4) Del Valle TX 449,483.39 2.800 2.550 0.250 Oct-63 1,566.62 476 475 1 Feb-24 N/A Dec-33 D N/A 116 0 CU2428 1 PLC 232/223(f) North Little Rock AR 449,226.14 6.890 6.640 0.250 Dec-58 2,840.23 420 417 3 Dec-23 Feb-24 Feb-34 A 0 118 0 CW0764 1 PLC 207/223(f) Denton TX 449,107.28 6.280 6.030 0.250 Dec-58 2,651.02 420 417 3 Dec-23 Feb-24 Feb-34 A 0 118 0 CU4635 1 PLC 207/223(f) Newark OH 448,747.37 6.070 5.820 0.250 Nov-58 2,587.04 421 416 5 Oct-23 Jan-24 Jan-34 A 0 117 0 

CU4621 1 PLC 232/223(f) Rich Creek VA 448,486.96 6.230 5.980 0.250 Oct-58 2,635.73 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 

CU6226 1 PLC 232/223(f) Bay City MI 448,430.24 6.070 5.820 0.250 Oct-58 2,587.04 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 CR9639 1 PLC 232/223(f) Tucson AZ 448,233.41 6.360 6.110 0.250 Sep-58 2,675.55 420 414 6 Sep-23 Nov-23 Nov-33 E 0 115 0 

CT8117 1 PLC 207/223(f) Long Beach CA 448,213.33 5.500 5.250 0.250 Oct-58 2,416.57 421 415 6 Sep-23 Dec-23 Dec-33 A 0 116 0 

CV1035 1 PLC 232/223(f) Raritan NJ 448,081.03 6.000 5.750 0.250 Sep-58 2,565.85 421 414 7 Aug-23 Nov-23 Nov-33 F 0 115 0 

CV1031 1 PLC 232/223(f) Middle River MD 447,755.58 6.000 5.750 0.250 Aug-58 2,565.85 420 413 7 Aug-23 Oct-23 Oct-33 F 0 114 0 

CV1034 1 PLC 232/223(f) Cranford NJ 447,278.31 6.000 5.750 0.250 Sep-53 2,697.98 361 354 7 Aug-23 Nov-23 Nov-33 F 0 115 0 

CV1030 1 PLC 232/223(f) Luray VA 446,816.73 6.000 5.750 0.250 Aug-53 2,697.98 360 353 7 Aug-23 Oct-23 Oct-33 F 0 114 0 

CH2284 1 CLC 221(d)(4) Waynesville NC 425,000.00 2.870 2.620 0.250 Jun-64 1,489.77 512 483 29 Oct-21 Aug-24 Aug-34 A 4 124 3 CL5325 1 CLC 231 Chesapeake VA 400,000.00 3.150 2.900 0.250 Jun-64 1,466.73 504 483 21 Jun-22 Aug-24 Aug-34 A 4 124 3 

CU1282 1 CLC 221(d)(4) Abilene TX 400,000.00 7.300(10) 7.050(10) 0.250 Aug-65 1,995.48 504 497 7 Aug-23 Oct-25 Oct-35 A 18 138 17 CU4613 1 PLC 207/223(f) Atlanta GA 398,440.19 5.580 5.330 0.250 Oct-58 2,169.07 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 

CR9637 1 PLC 232/223(f) Bakersfield CA 398,144.86 5.630 5.380 0.250 Sep-58 2,182.25 421 414 7 Aug-23 Nov-23 Nov-33 A 0 115 0 CU2412 1 PLC 232/223(f) Crofton MD 397,850.03 5.670 5.420 0.250 Aug-58 2,192.81 420 413 7 Aug-23 Oct-23 Oct-33 A 0 114 0 

CU2416 1 PLC 232/223(f) St. Petersburg FL 397,483.01 5.790 5.540 0.250 Sep-53 2,344.47 360 354 6 Sep-23 Nov-23 Nov-33 A 0 115 0 CC5101 1 CLC 220 Los Alamos NM 375,000.00 3.150 2.900 0.250 Aug-63 1,375.06 506 473 33 Jun-21 Oct-23 Oct-33 G 0 114 0 CL1968 1 CLC 231 Frederick MD 375,000.00 4.370 4.120 0.250 Oct-65 1,654.65 516 499 17 Oct-22 Dec-25 Dec-35 A 20 140 19 

CV3946 1 PLC 232/223(f) Nashua NH 373,691.87 6.070 5.820 0.250 Oct-58 2,155.87 421 415 6 Sep-23 Dec-23 Dec-33 A 0 116 0 

CQ9712 1 PLC 207/223(f) Dewitt Township MI 373,260.81 5.630 5.380 0.250 Sep-58 2,045.86 420 414 6 Sep-23 Nov-23 Nov-33 A 0 115 0 

CF1637 1 CLC 231 Cary NC 350,000.00 2.540 2.290 0.250 Mar-64 1,161.96 506 480 26 Jan-22 May-24 May-34 A 1 121 0 

CI1026 1 CLC 221(d)(4) Chicago IL 350,000.00 2.870 2.620 0.250 Oct-63 1,226.87 502 475 27 Dec-21 Dec-23 Dec-33 A 0 116 0 

C-48
 
Principal

FHA Insurance Balance Servicing Monthly Original Remaining Period Lockout/ Remaining Total Remaining Remaining

Program/Section as of the Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Lockout and Interest Only

Pool Security Security 538 Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Prepayment Penalty Period

Number Group Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† Period (mos.)(8)† (mos.)(9)

BK2389 1 PLC 231 Woodbridge VA $ 348,808.53 4.620% 4.370% 0.250% Jan-61 $ 1,643.65 446 442 4 Nov-23 N/A Mar-31 H N/A 83 0 CS3818 1 PLC 207/223(f) Chattanooga TN 249,323.06 6.190 5.940 0.250 Nov-58 1,457.51 420 416 4 Nov-23 Jan-24 Jan-34 A 0 117 0 

CT8115 1 PLC 232/223(f) Hialeah FL 224,495.90 7.000 6.750 0.250 Nov-58 1,437.43 421 416 5 Oct-23 Jan-24 Jan-31 I 0 81 0 CU6225 1 PLC 232/223(f) El Paso TX 224,262.47 6.340 6.090 0.250 Oct-58 1,334.71 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 

CW9047 1 PLC 207/223(f) Frederick MD 224,185.86 5.910 5.660 0.250 Oct-58 1,269.36 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 

CQ8776 1 PLC 207/223(f) New Freedom PA 223,925.54 5.500 5.250 0.250 Sep-58 1,208.29 420 414 6 Sep-23 Nov-23 Nov-33 A 0 115 0 

CQ8615 1 PLC 207/223(f) Rock Hill SC 199,567.93 5.910 5.660 0.250 Dec-58 1,128.32 421 417 4 Nov-23 Feb-24 Feb-34 A 0 118 0 CF6661 1 CLC 221(d)(4) Marana AZ 175,000.00 3.100 2.850 0.250 Oct-63 636.60 504 475 29 Oct-21 Dec-23 Dec-33 A 0 116 0 CP0900 1 CLC 538 Gardner KS 175,000.00 5.840 5.470 0.370 Nov-62 (12) 479 464 15 Dec-22 Dec-24 Dec-34 A 8 128 7 CI3486 1 CLC 221(d)(4) Louisville KY 150,000.00 2.800 2.550 0.250 Jun-64 519.83 508 483 25 Feb-22 Aug-24 Aug-34 A 4 124 3 

CI8977 1 CLC 221(d)(4) Frederick MD 150,000.00 4.350 4.100 0.250 Jan-64 659.95 497 478 19 Aug-22 Mar-24 Mar-34 A 0 119 0 CP4184 1 CLC 221(d)(4) Irving TX 150,000.00 5.660 5.410 0.250 Aug-64 790.05 500 485 15 Dec-22 Oct-24 Oct-34 A 6 126 5 CJ1393 1 CLC 232 Lincoln NE 100,000.00 3.330 3.080 0.250 Mar-64 377.26 502 480 22 May-22 May-24 May-34 G 1 121 0 CF6709 1 PLC 221(d)(4) Fort Worth TX 57,013.00 2.750 2.500 0.250 Jul-63 197.80 472 472 0 Mar-24 N/A Sep-33 J N/A 113 0 

CS6552 1 CLC 241(a) Portland OR 34,706.00 6.350 6.100 0.250 Sep-56 211.36 395 390 5 Oct-23 Oct-24 Oct-34 A 6 126 5 

CP0925 1 CLC 538 Pahokee FL 33,083.00 6.240 5.830 0.410 Aug-63 (12) 479 473 6 Sep-23 Sep-25 Sep-35 A 17 137 16 

CL2711 1 PLC 221(d)(4) Sacramento CA 31,659.73 4.000 3.750 0.250 Apr-63 133.58 473 469 4 Nov-23 N/A Jun-33 K N/A 110 0 

CL1970 1 CLC 221(d)(4) East Hartford CT 25,000.00 4.650 4.400 0.250 Mar-64 114.81 499 480 19 Aug-22 May-24 May-34 A 1 121 0 CG8559 1 CLC 221(d)(4) Memphis TN 20,000.00 2.840 2.590 0.250 Jan-64 (11) 506 478 28 Nov-21 Mar-24 Mar-34 A 0 119 0 

CF5625 2 PLC 221(d)(4) Del Valle TX 6,242,824.88 2.800 2.550 0.250 Oct-63 21,758.56 476 475 1 Feb-24 N/A Dec-33 D N/A 116 0 

CI1026 2 CLC 221(d)(4) Chicago IL 5,250,000.00 2.870 2.620 0.250 Oct-63 18,402.99 502 475 27 Dec-21 Dec-23 Dec-33 A 0 116 0 

CL5332 2 CLC 221(d)(4) Baton Rouge LA 5,000,000.00 3.330 3.080 0.250 Aug-64 18,863.08 506 485 21 Jun-22 Oct-24 Oct-34 A 6 126 5 CM3096 2 CLC 221(d)(4) New Braunfels TX 5,000,000.00 4.150 3.900 0.250 Aug-64 21,365.79 504 485 19 Aug-22 Oct-24 Oct-34 A 6 126 5 CF5129 2 CLC 221(d)(4) Longview TX 3,750,000.00 2.740 2.490 0.250 Jan-64 12,868.64 507 478 29 Oct-21 Mar-24 Mar-34 A 0 119 0 

CF9496 2 CLC 221(d)(4) Clayton NC 3,750,000.00 2.650 2.400 0.250 Feb-64 12,679.15 506 479 27 Dec-21 Apr-24 Apr-34 A 0 120 0 CM8619 2 CLC 221(d)(4) San Marcos TX 3,750,000.00 3.490 3.240 0.250 Mar-64 14,504.68 502 480 22 May-22 May-24 May-32 B 1 97 0 CF1028 2 CLC 221(d)(4) Hagerstown MD 3,000,000.00 3.850 3.600 0.250 Sep-64 12,259.74 507 486 21 Jun-22 Nov-24 Nov-34 A 7 127 6 

CF9487 2 CLC 221(d)(4) Salt Lake City UT 3,000,000.00 3.050 2.800 0.250 Mar-64 10,826.16 511 480 31 Aug-21 May-24 May-34 A 1 121 0 

CN3134 2 CLC 221(d)(4) Lubbock TX 3,000,000.00 3.930 3.680 0.250 Oct-64 12,407.87 508 487 21 Jun-22 Dec-24 Dec-34 A 8 128 7 

CI1780 2 CLC 221(d)(4) Clarksburg MD 2,500,000.00 4.300 4.050 0.250 Oct-64 10,919.70 502 487 15 Dec-22 Dec-24 Dec-34 A 8 128 7 

CL6599 2 CLC 221(d)(4) Bozeman MT 2,500,000.00 3.030 2.780 0.250 Feb-64 8,992.89 502 479 23 Apr-22 Apr-24 Apr-34 A 0 120 0 

CL1968 2 CLC 231 Frederick MD 2,000,000.00 4.370 4.120 0.250 Oct-65 8,824.81 516 499 17 Oct-22 Dec-25 Dec-35 A 20 140 19 

CO3164 2 CLC 221(d)(4) Denison TX 2,000,000.00 4.650 4.400 0.250 May-64 9,185.00 501 482 19 Aug-22 Jul-24 Jul-34 A 3 123 2 

CU4613 2 PLC 207/223(f) Atlanta GA 1,992,200.94 5.580 5.330 0.250 Oct-58 10,845.37 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 

CR4163 2 PLC 207/223(f) St. Louis MO 1,977,689.80 4.440 4.190 0.250 Apr-58 9,390.96 420 409 11 Apr-23 Jun-23 Jun-33 A 0 110 0 

CJ1399 2 CLC 221(d)(4) San Antonio TX 1,750,000.00 4.300 4.050 0.250 May-64 7,643.79 504 482 22 May-22 Jul-24 Jul-34 A 3 123 2 CJ8144 2 CLC 221(d)(4) West Valley UT 1,750,000.00 2.890 2.640 0.250 Jun-64 6,154.30 509 483 26 Jan-22 Aug-24 Aug-34 A 4 124 3 CN2461 2 PLC 207/223(f) Grapevine TX 1,724,265.55 4.300 4.050 0.250 Jan-58 8,066.58 420 406 14 Jan-23 Mar-23 Mar-33 A 0 107 0 

CC1904 2 CLC 221(d)(4) Wilmington NC 1,600,000.00 4.700 4.450 0.250 Dec-64 7,399.99 506 489 17 Oct-22 Feb-25 Feb-35 A 10 130 9 

CM4399 2 CLC 221(d)(4) Aurora CO 1,600,000.00 4.280 4.030 0.250 Dec-64 6,968.32 506 489 17 Oct-22 Feb-25 Feb-35 A 10 130 9 

CU6226 2 PLC 232/223(f) Bay City MI 1,594,418.62 6.070 5.820 0.250 Oct-58 9,198.37 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 

BL3439 2 CLC 221(d)(4) Cottonwood AZ 1,500,000.00 2.800 2.550 0.250 Mar-64 5,198.32 508 480 28 Nov-21 May-24 May-34 A 1 121 0 CF6766 2 CLC 221(d)(4) Tulsa OK 1,500,000.00 2.900 2.650 0.250 Apr-64 5,283.68 505 481 24 Mar-22 Jun-24 Jun-34 A 2 122 1 

CH2284 2 CLC 221(d)(4) Waynesville NC 1,500,000.00 2.870 2.620 0.250 Jun-64 5,258.00 512 483 29 Oct-21 Aug-24 Aug-34 A 4 124 3 

CI1778 2 CLC 231 Frederick MD 1,500,000.00 3.880 3.630 0.250 Mar-64 6,157.60 499 480 19 Aug-22 May-24 May-34 A 1 121 0 

CU2427 2 PLC 232/223(f) Yellville AR 1,497,420.48 6.890 6.640 0.250 Dec-58 9,467.42 420 417 3 Dec-23 Feb-24 Feb-34 A 0 118 0 

CU4621 2 PLC 232/223(f) Rich Creek VA 1,494,956.52 6.230 5.980 0.250 Oct-58 8,785.78 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 

CT8117 2 PLC 207/223(f) Long Beach CA 1,494,044.43 5.500 5.250 0.250 Oct-58 8,055.24 421 415 6 Sep-23 Dec-23 Dec-33 A 0 116 0 

CU2416 2 PLC 232/223(f) St. Petersburg FL 1,490,561.30 5.790 5.540 0.250 Sep-53 8,791.75 360 354 6 Sep-23 Nov-23 Nov-33 A 0 115 0 CV1030 2 PLC 232/223(f) Luray VA 1,489,389.09 6.000 5.750 0.250 Aug-53 8,993.26 360 353 7 Aug-23 Oct-23 Oct-33 F 0 114 0 

CV1031 2 PLC 232/223(f) Middle River MD 1,293,516.12 6.000 5.750 0.250 Aug-58 7,412.47 420 413 7 Aug-23 Oct-23 Oct-33 F 0 114 0 

CP3649 2 CLC 221(d)(4) Forney TX 1,250,000.00 4.600 4.350 0.250 Jan-65 5,700.14 507 490 17 Oct-22 Mar-25 Mar-35 A 11 131 10 

BK2389 2 PLC 231 Woodbridge VA 1,245,744.76 4.620 4.370 0.250 Jan-61 5,870.19 446 442 4 Nov-23 N/A Mar-31 H N/A 83 0 

CC5101 2 CLC 220 Los Alamos NM 1,000,000.00 3.150 2.900 0.250 Aug-63 3,666.83 506 473 33 Jun-21 Oct-23 Oct-33 G 0 114 0 

CF1637 2 CLC 231 Cary NC 1,000,000.00 2.540 2.290 0.250 Mar-64 3,319.89 506 480 26 Jan-22 May-24 May-34 A 1 121 0 

CI3510 2 CLC 221(d)(4) Tacoma WA 1,000,000.00 2.900 2.650 0.250 Jun-64 3,522.45 508 483 25 Feb-22 Aug-24 Aug-34 A 4 124 3 

CJ9345 2 CLC 221(d)(4) Las Vegas NV 1,000,000.00 2.990 2.740 0.250 May-64 3,574.08 507 482 25 Feb-22 Jul-24 Jul-34 A 3 123 2 

CL5327 2 CLC 231 Fredericksburg VA 1,000,000.00 3.150 2.900 0.250 Jul-64 3,666.83 505 484 21 Jun-22 Sep-24 Sep-34 A 5 125 4 

CF6661 2 CLC 221(d)(4) Marana AZ 750,000.00 3.100 2.850 0.250 Oct-63 2,728.29 504 475 29 Oct-21 Dec-23 Dec-33 A 0 116 0 

CL5325 2 CLC 231 Chesapeake VA 750,000.00 3.150 2.900 0.250 Jun-64 2,750.12 504 483 21 Jun-22 Aug-24 Aug-34 A 4 124 3 

CP0900 2 CLC 538 Gardner KS 750,000.00 5.840 5.470 0.370 Nov-62 (12) 479 464 15 Dec-22 Dec-24 Dec-34 A 8 128 7 

C-49
 
Principal

FHA Insurance Balance Servicing Monthly Original Remaining Period Lockout/ Remaining Total Remaining Remaining

Program/Section as of the Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Lockout and Interest Only

Pool Security Security 538 Guarantee Cut-off Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Prepayment Penalty Period

Number Group Type Program(2) City/County State Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† Period (mos.)(8)† (mos.)(9)

C-50
 

CQ8776 2 PLC 207/223(f) New Freedom PA $746,418.45 5.500% 5.250% 0.250% Sep-58 $4,027.62 420 414 6 Sep-23 Nov-23 Nov-33 A 0 115 0 

CI3486 2 CLC 221(d)(4) Louisville KY 500,000.00 2.800 2.550 0.250 Jun-64 1,732.77 508 483 25 Feb-22 Aug-24 Aug-34 A 4 124 3 

CJ1393 2 CLC 232 Lincoln NE 500,000.00 3.330 3.080 0.250 Mar-64 1,886.31 502 480 22 May-22 May-24 May-34 G 1 121 0 

CP4184 2 CLC 221(d)(4) Irving TX 500,000.00 5.660 5.410 0.250 Aug-64 2,633.50 500 485 15 Dec-22 Oct-24 Oct-34 A 6 126 5 CU2428 2 PLC 232/223(f) North Little Rock AR 369,363.72 6.890 6.640 0.250 Dec-58 2,335.30 420 417 3 Dec-23 Feb-24 Feb-34 A 0 118 0 

CV1035 2 PLC 232/223(f) Raritan NJ 348,507.47 6.000 5.750 0.250 Sep-58 1,995.66 421 414 7 Aug-23 Nov-23 Nov-33 F 0 115 0 

CQ9704 2 CLC 221(d)(4) Niceville FL 325,000.00 6.040 5.790 0.250 May-65 1,797.26 506 494 12 Mar-23 Jul-25 Jul-35 A 15 135 14 

CW0764 2 PLC 207/223(f) Denton TX 324,355.26 6.280 6.030 0.250 Dec-58 1,914.63 420 417 3 Dec-23 Feb-24 Feb-34 A 0 118 0 

CQ8615 2 PLC 207/223(f) Rock Hill SC 324,297.88 5.910 5.660 0.250 Dec-58 1,833.52 421 417 4 Nov-23 Feb-24 Feb-34 A 0 118 0 

CT8115 2 PLC 232/223(f) Hialeah FL 324,271.86 7.000 6.750 0.250 Nov-58 2,076.28 421 416 5 Oct-23 Jan-24 Jan-31 I 0 81 0 

CW8879 2 PLC 232/223(f) Somers NY 324,268.40 6.980 6.730 0.250 Nov-58 2,071.73 421 416 5 Oct-23 Jan-24 Jan-34 C 0 117 0 

CS3818 2 PLC 207/223(f) Chattanooga TN 324,119.97 6.190 5.940 0.250 Nov-58 1,894.77 420 416 4 Nov-23 Jan-24 Jan-34 A 0 117 0 

CU4635 2 PLC 207/223(f) Newark OH 324,095.32 6.070 5.820 0.250 Nov-58 1,868.42 421 416 5 Oct-23 Jan-24 Jan-34 A 0 117 0 CU6225 2 PLC 232/223(f) El Paso TX 323,934.67 6.340 6.090 0.250 Oct-58 1,927.91 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 

CV3946 2 PLC 232/223(f) Nashua NH 323,866.28 6.070 5.820 0.250 Oct-58 1,868.42 421 415 6 Sep-23 Dec-23 Dec-33 A 0 116 0 

CU2421 2 PLC 207/223(f) Dallas TX 323,837.37 5.960 5.710 0.250 Oct-58 1,844.39 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 

CW9047 2 PLC 207/223(f) Frederick MD 323,824.02 5.910 5.660 0.250 Oct-58 1,833.52 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 

CR9639 2 PLC 232/223(f) Tucson AZ 323,724.13 6.360 6.110 0.250 Sep-58 1,932.34 420 414 6 Sep-23 Nov-23 Nov-33 E 0 115 0 

CQ9712 2 PLC 207/223(f) Dewitt Township MI 323,492.70 5.630 5.380 0.250 Sep-58 1,773.08 420 414 6 Sep-23 Nov-23 Nov-33 A 0 115 0 CR9637 2 PLC 232/223(f) Bakersfield CA 323,492.70 5.630 5.380 0.250 Sep-58 1,773.08 421 414 7 Aug-23 Nov-23 Nov-33 A 0 115 0 

CU2412 2 PLC 232/223(f) Crofton MD 323,253.15 5.670 5.420 0.250 Aug-58 1,781.66 420 413 7 Aug-23 Oct-23 Oct-33 A 0 114 0 

CV1034 2 PLC 232/223(f) Cranford NJ 323,034.34 6.000 5.750 0.250 Sep-53 1,948.54 361 354 7 Aug-23 Nov-23 Nov-33 F 0 115 0 

CI8977 2 CLC 221(d)(4) Frederick MD 250,000.00 4.350 4.100 0.250 Jan-64 1,099.92 497 478 19 Aug-22 Mar-24 Mar-34 A 0 119 0 

CR2277 2 CLC 221(d)(4) Elmendorf TX 250,000.00 4.750 4.500 0.250 Feb-65 1,164.39 507 491 16 Nov-22 Apr-25 Apr-35 A 12 132 11 CF6709 2 PLC 221(d)(4) Fort Worth TX 200,000.00 2.750 2.500 0.250 Jul-63 693.87 472 472 0 Mar-24 N/A Sep-33 J N/A 113 0 

CL2711 2 PLC 221(d)(4) Sacramento CA 112,779.62 4.000 3.750 0.250 Apr-63 475.85 473 469 4 Nov-23 N/A Jun-33 K N/A 110 0 

CP0925 2 CLC 538 Pahokee FL 100,000.00 6.240 5.830 0.410 Aug-63 (12) 479 473 6 Sep-23 Sep-25 Sep-35 A 17 137 16 

CS6552 2 CLC 241(a) Portland OR 83,718.00 6.350 6.100 0.250 Sep-56 509.84 395 390 5 Oct-23 Oct-24 Oct-34 A 6 126 5 CP0910 2 CLC 538 Independence KS 52,096.00 6.150 5.680 0.470 Apr-63 (12) 479 469 10 May-23 Jul-25 Jul-35 A 15 135 14 CL1970 2 CLC 221(d)(4) East Hartford CT 50,000.00 4.650 4.400 0.250 Mar-64 229.63 499 480 19 Aug-22 May-24 May-34 A 1 121 0 CG8559 2 CLC 221(d)(4) Memphis TN 30,000.00 2.840 2.590 0.250 Jan-64 (11) 506 478 28 Nov-21 Mar-24 Mar-34 A 0 119 0 CE9452 2 PLC 241(a) Memphis TN 1,726.63 3.800 3.550 0.250 Oct-53 (11) 358 355 3 Dec-23 N/A Nov-32 L N/A 103 0 

(1)	 Based on publicly available information, including the disclosure documents for the Ginnie Mae Multifamily Certificates, the information with respect to the Mortgage Loans set forth on this

Exhibit A has been collected and summarized by the Sponsor. Capitalized terms have the meaning ascribed to them in the Offering Circular Supplement to which this Updated Exhibit Arefers. 

(2)	 Certain Mortgage Loans insured under FHA insurance program Section 223(f) cannot be prepaid for a period of five (5) years from the date of endorsement, unless prior written approval

from FHA is obtained, regardless of any applicable lockout period associated with such mortgage loans.

(3)	 The principal and interest amounts shown in this column reflect only those amounts that are due in respect of the portion of each applicable Ginnie Mae Project Loan Certificate that is a

Trust PLC. 

(4)	 The Lockout End Date is the first month when a Mortgage Loan is no longer subject to any lockout for voluntary prepayments of principal. For purposes of determining the Lockout End

Date in this Exhibit A, the Lockout End Date is based on the lockout period described in the note or other evidence of indebtedness without regard to any applicable statutory prepayment prohibition period.

(5)	 The Prepayment Penalty End Date is the first month when a Mortgage Loan is no longer subject to the payment of any Prepayment Penalties.(6)	 In some circumstances FHA may permit an FHA-insured Mortgage Loan to be refinanced or prepaid without regard to any Lockout or Prepayment Penalty Code.(7)	 The Remaining Lockout Period is the number of months from the Cut-off Date up to but not including the Lockout End Date.(8)	 The Total Remaining Lockout and Prepayment Penalty Period is the number of months from the Cut-off Date up to but not including the later of the Prepayment Penalty End Date or Lockout End Date.

(9)	 The Remaining Interest Only Period reflects the number of months remaining during which each Ginnie Mae Construction Loan Certificate is expected to remain outstanding, based on the

remaining construction period for the Ginnie Mae Construction Loan Certificate.

(10)	 The Mortgage Interest Rate and Certificate Rate for Pool Number CU1282 will be 5.250% and 5.000%, respectively, after the date of conversion to a Ginnie Mae Project Loan Certificate. 
(11)	 Pool Numbers CE9452 and CG8559 will have monthly principal and interest payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage

Loans — Level Payments” in this Supplement.

(12)	 The following Pool Numbers will have amortization schedules providing for level monthly principal and interest payments in the amounts indicated in the table below for each payment

date prior to the related maturity date, with balloon payments equal to the remaining unpaid principal balance of the related Mortgage Loan plus accrued interest thereon to be due as ofits maturity date:

Group Pool Number Monthly Principal and Interest

1 CP0900 ...................................................................... $ 943.43
 1 CP0925 ...................................................................... 187.59
 2 CP0900 ...................................................................... 4,043.26
 2 CP0910 ...................................................................... 292.11
 2 CP0925 ...................................................................... 567.03
 

†	 The Lockout End Date, Prepayment Penalty End Date, Remaining Lockout Period and Total Remaining Lockout and Prepayment Penalty Period are based on the Sponsor’s interpretation of

provisions in the related notes. Differing interpretations of these provisions can result in dates and periods that may vary by as much as one month.

Lockout and Prepayment Penalty Codes:

For each Lockout and Prepayment Penalty Code listed in the table below, lockout up to but not including the Lockout End Date to the extent applicable; from and including the Lockout End Dateor to the extent that the Lockout End Date is N/A, after the Issue Date, the applicable Initial Prepayment Penalty Percentage indicated below will apply to any prepaid amount made during theapplicable Initial Prepayment Penalty Percentage Term indicated below, which is the number of mortgage loan payment dates from and including the Lockout End Date or beyond the Issue Date,as applicable; thereafter, the applicable Subsequent Prepayment Penalty Percentages indicated below will apply to any prepaid amount, where each percentage applies for a period of twelve consecutive mortgage loan payment dates up to but not including the applicable Prepayment Penalty End Date.

Lockout/Prepayment Initial Prepayment Initial Prepayment Subsequent Prepayment

Penalty Code Penalty Percentage Penalty Percentage Term Penalty Percentage

A 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


B 10% 60 5%, 4%, 3%
 

C 10% 24 3%, 2%, 1%, 1%, 1%, 1%, 1%, 1%


D 10% 33 7%, 6%, 5%, 4%, 3%, 2%, 1%


E 10% 36 3%, 2%, 1%, 1%, 1%, 1%, 1%


F 10% 60 1%, 1%, 1%, 1%, 1%


G 10% 36 7%, 6%, 5%, 4%, 3%, 2%, 1%


H 8% 3 7%, 6%, 5%, 4%, 3%, 2%, 1%


I 7% 12 6%, 5%, 4%, 3%, 2%, 1%


J 10% 5 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


K 10% 6 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


L 10% 10 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%
 

C-51
 
C-52
 

Updated Exhibit

A

Ginnie Mae REMIC Trust 2024-029

— Security Group 1

Characteristics of the Ginnie Mae Multifamily Certificates and the Related Mortgage Loans(1)

Total Remaining

Principal Servicing Monthly Original Remaining Period Lockout/ Remaining Lockout and Remaining

Balance Mortgage and Principal Term to Term to from Lockout Prepayment Prepayment Lockout Prepayment Interest Only

Pool Security Security FHA Insurance as of the Interest Certificate Guaranty Maturity and Maturity Maturity Issuance Issue End Penalty End Penalty Period Penalty Period Period

Number Group Type Program(2) City/County State Cut-off Date Rate Rate Fee Rate Date Interest(3) (mos.) (mos.) (mos.) Date Date(4)† Date(5)† Code(6) (mos.)(7)† (mos.)(8)† (mos.)(9)

CI1026 1 CLC 221(d)(4) Chicago IL $15,000,000.00 2.870% 2.620% 0.250% Oct-63 $52,579.96 502 475 27 Dec-21 Dec-23 Dec-33 A 0 116 0 CM4399 1 CLC 221(d)(4) Aurora CO 14,250,000.00 4.280 4.030 0.250 Dec-64 62,061.56 506 489 17 Oct-22 Feb-25 Feb-35 A 10 130 9 

CO3150 1 CLC 221(d)(4) Anderson SC 14,000,000.00 4.210 3.960 0.250 Aug-64 60,353.07 505 485 20 Jul-22 Oct-24 Oct-34 A 6 126 5 CL6621 1 CLC 221(d)(4) Waco TX 12,656,849.00 3.890 3.640 0.250 Oct-64 52,035.26 507 487 20 Jul-22 Dec-24 Dec-34 A 8 128 7 CM3096 1 CLC 221(d)(4) New Braunfels TX 8,500,000.00 4.150 3.900 0.250 Aug-64 36,321.84 504 485 19 Aug-22 Oct-24 Oct-34 A 6 126 5 BU2237 1 CLC 221(d)(4) Waxahachie TX 7,261,399.00 2.950 2.700 0.250 Dec-63 25,785.87 502 477 25 Feb-22 Feb-24 Feb-34 A 0 118 0 

CR9637 1 PLC 232/223(f) Bakersfield CA 6,295,665.66 5.630 5.380 0.250 Sep-58 34,506.81 421 414 7 Aug-23 Nov-23 Nov-33 A 0 115 0 

CM8619 1 CLC 221(d)(4) San Marcos TX 4,659,726.00 3.490 3.240 0.250 Mar-64 18,023.42 502 480 22 May-22 May-24 May-32 B 1 97 0 

CF9496 1 CLC 221(d)(4) Clayton NC 3,947,723.00 2.650 2.400 0.250 Feb-64 13,347.68 506 479 27 Dec-21 Apr-24 Apr-34 A 0 120 0 CF1028 1 CLC 221(d)(4) Hagerstown MD 3,925,081.00 3.850 3.600 0.250 Sep-64 16,040.16 507 486 21 Jun-22 Nov-24 Nov-34 A 7 127 6 

CJ8144 1 CLC 221(d)(4) West Valley UT 3,890,708.00 2.890 2.640 0.250 Jun-64 13,682.61 509 483 26 Jan-22 Aug-24 Aug-34 A 4 124 3 

CL6599 1 CLC 221(d)(4) Bozeman MT 3,506,937.00 3.030 2.780 0.250 Feb-64 12,615.00 502 479 23 Apr-22 Apr-24 Apr-34 A 0 120 0 

CF5129 1 CLC 221(d)(4) Longview TX 3,359,140.00 2.740 2.490 0.250 Jan-64 11,527.35 507 478 29 Oct-21 Mar-24 Mar-34 A 0 119 0 

CN2461 1 PLC 207/223(f) Grapevine TX 2,547,550.13 4.300 4.050 0.250 Jan-58 11,918.12 420 406 14 Jan-23 Mar-23 Mar-33 A 0 107 0 CI1778 1 CLC 231 Frederick MD 2,510,726.00 3.880 3.630 0.250 Mar-64 10,306.69 499 480 19 Aug-22 May-24 May-34 A 1 121 0 CL5327 1 CLC 231 Fredericksburg VA 2,500,000.00 3.150 2.900 0.250 Jul-64 9,167.07 505 484 21 Jun-22 Sep-24 Sep-34 A 5 125 4 CO3164 1 CLC 221(d)(4) Denison TX 2,050,000.00 4.650 4.400 0.250 May-64 9,414.63 501 482 19 Aug-22 Jul-24 Jul-34 A 3 123 2 CF1637 1 CLC 231 Cary NC 2,000,000.00 2.540 2.290 0.250 Mar-64 6,639.79 506 480 26 Jan-22 May-24 May-34 A 1 121 0 CW9047 1 PLC 207/223(f) Frederick MD 1,992,763.22 5.910 5.660 0.250 Oct-58 11,283.17 420 415 5 Oct-23 Dec-23 Dec-33 A 0 116 0 CR4163 1 PLC 207/223(f) St. Louis MO 1,977,689.80 4.440 4.190 0.250 Apr-58 9,390.96 420 409 11 Apr-23 Jun-23 Jun-33 A 0 110 0 CV3949 1 PLC 207/223(f) Memphis TN 1,940,391.67 5.360 5.110 0.250 Sep-58 10,293.60 420 414 6 Sep-23 Nov-23 Nov-33 A 0 115 0 CL5325 1 CLC 231 Chesapeake VA 1,800,000.00 3.150 2.900 0.250 Jun-64 6,600.29 504 483 21 Jun-22 Aug-24 Aug-34 A 4 124 3 CL1968 1 CLC 231 Frederick MD 1,775,000.00 4.370 4.120 0.250 Oct-65 7,832.02 516 499 17 Oct-22 Dec-25 Dec-35 A 20 140 19 CH2284 1 CLC 221(d)(4) Waynesville NC 1,750,826.00 2.870 2.620 0.250 Jun-64 6,137.22 512 483 29 Oct-21 Aug-24 Aug-34 A 4 124 3 CS2715 1 CLC 221(d)(4) Estes Park CO 1,600,000.00 5.750 5.500 0.250 Jan-65 8,526.20 502 490 12 Mar-23 Mar-25 Mar-35 A 11 131 10 

CV1034 1 PLC 232/223(f) Cranford NJ 1,490,927.72 6.000 5.750 0.250 Sep-53 8,993.26 361 354 7 Aug-23 Nov-23 Nov-33 C 0 115 0 

CJ8171 1 CLC 213 Littleton CO 1,450,000.00 2.950 2.700 0.250 Apr-64 5,149.08 502 481 21 Jun-22 Jun-24 Jun-34 A 2 122 1 CC5101 1 CLC 220 Los Alamos NM 1,144,505.00 3.150 2.900 0.250 Aug-63 4,196.70 506 473 33 Jun-21 Oct-23 Oct-33 D 0 114 0 

CI3486 1 CLC 221(d)(4) Louisville KY 1,068,770.00 2.800 2.550 0.250 Jun-64 3,703.87 508 483 25 Feb-22 Aug-24 Aug-34 A 4 124 3 

CV1030 1 PLC 232/223(f) Luray VA 1,042,572.36 6.000 5.750 0.250 Aug-53 6,295.28 360 353 7 Aug-23 Oct-23 Oct-33 C 0 114 0 CV1031 1 PLC 232/223(f) Middle River MD 870,635.85 6.000 5.750 0.250 Aug-58 4,989.16 420 413 7 Aug-23 Oct-23 Oct-33 C 0 114 0 CV6103 1 PLC 207/223(f) Cranston RI 823,941.72 6.400 6.150 0.250 Jan-59 4,927.73 421 418 3 Dec-23 Mar-24 Mar-34 A 0 119 0 CY8216 1 PLC 232/223(f) Miami FL 823,669.42 7.160 6.910 0.250 Dec-58 5,363.39 420 417 3 Dec-23 Feb-24 Feb-34 E 0 118 0 

CU2427 1 PLC 232/223(f) Yellville AR 823,581.26 6.890 6.640 0.250 Dec-58 5,207.08 420 417 3 Dec-23 Feb-24 Feb-34 A 0 118 0 CQ9713 1 PLC 207/223(f) Columbia SC 823,266.10 6.030 5.780 0.250 Dec-58 4,720.70 420 417 3 Dec-23 Feb-24 Feb-34 A 0 118 0 CS3818 1 PLC 207/223(f) Chattanooga TN 822,766.09 6.190 5.940 0.250 Nov-58 4,809.80 420 416 4 Nov-23 Jan-24 Jan-34 A 0 117 0 CT8117 1 PLC 207/223(f) Long Beach CA 821,724.44 5.500 5.250 0.250 Oct-58 4,430.38 421 415 6 Sep-23 Dec-23 Dec-33 A 0 116 0 

CV1035 1 PLC 232/223(f) Raritan NJ 821,481.89 6.000 5.750 0.250 Sep-58 4,704.07 421 414 7 Aug-23 Nov-23 Nov-33 C 0 115 0 CQ9712 1 PLC 207/223(f) Dewitt Township MI 821,173.78 5.630 5.380 0.250 Sep-58 4,500.89 420 414 6 Sep-23 Nov-23 Nov-33 A 0 115 0 CU2412 1 PLC 232/223(f) Crofton MD 820,565.68 5.670 5.420 0.250 Aug-58 4,522.68 420 413 7 Aug-23 Oct-23 Oct-33 A 0 114 0 

CN2462 1 PLC 207/223(f) Portland OR 814,802.28 4.500 4.250 0.250 Apr-58 (10) 421 409 12 Mar-23 Jun-23 Jun-33 A 0 110 0 CS6527 1 PLC 207/223(f) Maplewood NJ 512,664.84 5.730 5.480 0.250 Sep-58 2,843.70 421 414 7 Aug-23 Nov-23 Nov-33 A 0 115 0 CW8879 1 PLC 232/223(f) Somers NY 463,953.25 6.980 6.730 0.250 Nov-58 2,964.16 421 416 5 Oct-23 Jan-24 Jan-34 F 0 117 0 

CR9638 1 PLC 232/223(f) Rittman OH 462,924.72 5.800 5.550 0.250 Sep-58 2,589.22 420 414 6 Sep-23 Nov-23 Nov-33 A 0 115 0 CR9636 1 PLC 232/223(f) Cinnaminson NJ 462,079.50 5.800 5.550 0.250 Sep-53 2,728.40 361 354 7 Aug-23 Nov-23 Nov-33 A 0 115 0 CI8983 1 CLC 221(d)(4) New Braunfels TX 250,000.00 4.450 4.200 0.250 Mar-65 1,115.88 506 492 14 Jan-23 May-25 May-35 A 13 133 12 CP3747 1 CLC 221(d)(4) Houston TX 250,000.00 6.200 5.950 0.250 Aug-65 1,410.55 502 497 5 Oct-23 Oct-25 Oct-35 A 18 138 17 CQ9704 1 CLC 221(d)(4) Niceville FL 250,000.00 6.040 5.790 0.250 May-65 1,382.51 506 494 12 Mar-23 Jul-25 Jul-35 A 15 135 14 BK2389 1 PLC 231 Woodbridge VA 249,148.95 4.620 4.370 0.250 Jan-61 1,174.04 446 442 4 Nov-23 N/A Mar-31 G N/A 83 0 CT8115 1 PLC 232/223(f) Hialeah FL 99,775.96 7.000 6.750 0.250 Nov-58 638.86 421 416 5 Oct-23 Jan-24 Jan-31 H 0 81 0 

(1)	 Based on publicly available information, including the disclosure documents for the Ginnie Mae Multifamily Certificates, the information with respect to the Mortgage Loans set forth on this

Exhibit A has been collected and summarized by the Sponsor. Capitalized terms have the meaning ascribed to them in the Offering Circular Supplement to which this Updated Exhibit Arefers. 
(2)	 Certain Mortgage Loans insured under FHA insurance program Section 223(f) cannot be prepaid for a period of five (5) years from the date of endorsement, unless prior written approval

from FHA is obtained, regardless of any applicable lockout period associated with such mortgage loans.

(3)	 The principal and interest amounts shown in this column reflect only those amounts that are due in respect of the portion of each applicable Ginnie Mae Project Loan Certificate that is a

Trust PLC. 

(4)	 The Lockout End Date is the first month when a Mortgage Loan is no longer subject to any lockout for voluntary prepayments of principal. For purposes of determining the Lockout End

Date in this Exhibit A, the Lockout End Date is based on the lockout period described in the note or other evidence of indebtedness without regard to any applicable statutory prepayment prohibition period.

(5)	 The Prepayment Penalty End Date is the first month when a Mortgage Loan is no longer subject to the payment of any Prepayment Penalties.(6)	 In some circumstances FHA may permit an FHA-insured Mortgage Loan to be refinanced or prepaid without regard to any Lockout or Prepayment Penalty Code.(7)	 The Remaining Lockout Period is the number of months from the Cut-off Date up to but not including the Lockout End Date.(8)	 The Total Remaining Lockout and Prepayment Penalty Period is the number of months from the Cut-off Date up to but not including the later of the Prepayment Penalty End Date or Lockout End Date. 

(9)	 The Remaining Interest Only Period reflects the number of months remaining during which each Ginnie Mae Construction Loan Certificate is expected to remain outstanding, based on the

remaining construction period for the Ginnie Mae Construction Loan Certificate.

(10)	 Pool Number CN2462 will have monthly principal and interest payments as described in this Supplement. See “Certain Additional Characteristics of the Mortgage Loans — Level Payments” in this Supplement.

†	 The Lockout End Date, Prepayment Penalty End Date, Remaining Lockout Period and Total Remaining Lockout and Prepayment Penalty Period are based on the Sponsor’s interpretation of

provisions in the related notes. Differing interpretations of these provisions can result in dates and periods that may vary by as much as one month.

Lockout and Prepayment Penalty Codes:

For each Lockout and Prepayment Penalty Code listed in the table below, lockout up to but not including the Lockout End Date to the extent applicable; from and including the Lockout End Date

or to the extent that the Lockout End Date is N/A, after the Issue Date, the applicable Initial Prepayment Penalty Percentage indicated below will apply to any prepaid amount made during theapplicable Initial Prepayment Penalty Percentage Term indicated below, which is the number of mortgage loan payment dates from and including the Lockout End Date or beyond the Issue Date,as applicable; thereafter, the applicable Subsequent Prepayment Penalty Percentages indicated below will apply to any prepaid amount, where each percentage applies for a period of twelve consecutive mortgage loan payment dates up to but not including the applicable Prepayment Penalty End Date.

Lockout/Prepayment Initial Prepayment Initial Prepayment Subsequent Prepayment

Penalty Code Penalty Percentage Penalty Percentage Term Penalty Percentage

A 10% 12 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2%, 1%


B 10% 60 5%, 4%, 3%
 

C 10% 60 1%, 1%, 1%, 1%, 1%


D 10% 36 7%, 6%, 5%, 4%, 3%, 2%, 1%


E 10% 36 3%, 2%, 1%, 1%, 1%, 1%, 1%


F 10% 24 3%, 2%, 1%, 1%, 1%, 1%, 1%, 1%


G 8% 3 7%, 6%, 5%, 4%, 3%, 2%, 1%


H 7% 12 6%, 5%, 4%, 3%, 2%, 1%
 

C-53
 
$112,046,418
 

Government National
 

Mortgage Association
 

GINNIE MAE®

Guaranteed Multifamily REMIC
 

Pass-Through Securities
 

and MX Securities
 

Ginnie Mae REMIC Trust 2024-047
 

OFFERING CIRCULAR SUPPLEMENT

March 25, 2024

Citigroup
 

Academy Securities, Inc.