Prospectus Supplement (To REMIC Prospectus dated August 1, …€¦ · June 1, 2009. The MBS...

Prospectus Supplement(To REMIC Prospectus dated August 1, 2007)

$1,178,983,891

Guaranteed REMIC Pass-Through CertificatesFannie Mae REMIC Trust 2009-78

The Certificates

We, the Federal National Mortgage Asso-ciation (Fannie Mae), will issue the classesof certificates listed in the chart on thiscover.

Payments to Certificateholders

We will make monthly payments on thecertificates. You, the investor, will receive

• interest accrued on the balance of yourcertificate, and

• principal to the extent available forpayment on your class.

We will pay principal at rates that may varyfrom time to time. We may not pay principalto certain classes for long periods of time.

The Fannie Mae Guaranty

We will guarantee that required payments ofprincipal and interest on the certificates areavailable for distribution to investors on time.

The Trust and its Assets

The trust will own Fannie Mae MBS.

The mortgage loans underlying the FannieMae MBS are first lien, single-family, fixed-rate loans.

Carefully consider the risk factorsstarting on page 10 of the REMICprospectus. Unless you understandand are able to tolerate these risks,you should not invest in thecertificates.

You should read the REMIC prospectusas well as this prospectus supplement.

The certificates, together with interestthereon, are not guaranteed by the UnitedStates and do not constitute a debt orobligation of the United States or anyagency or instrumentality thereof otherthan Fannie Mae.

The certificates are exempt from registra-tion under the Securities Act of 1933 andare “exempted securities” under theSecurities Exchange Act of 1934.

Class Group

OriginalClass

BalancePrincipalType(1)

InterestRate

InterestType(1)

CUSIPNumber

FinalDistribution

Date

A(2) . . . . . 1 $ 69,000,000 PT 4.5% FIX 31398FKX8 August 2019

BQ(2) . . . 2 81,042,481 PAC 4.5 FIX 31398FKY6 June 2039IB(2) . . . . 2 40,521,240(3) NTL 5.0 FIX/IO 31398FKZ3 June 2039BM(2) . . . 2 162,084,963 PAC 4.0 FIX 31398FLA7 June 2039BC . . . . . . 2 7,642,301 PAC 5.0 FIX 31398FLB5 October 2039TA(2) . . . . 2 39,748,496 SUP 5.0 FIX 31398FLC3 June 2039TB(2) . . . . 2 9,481,759 SUP 5.0 FIX 31398FLD1 October 2039

J(2) . . . . . 3 174,000,000 PT 5.0 FIX 31398FLE9 September 2019

UF . . . . . 4 106,155,491 PT (4) FLT 31398FLF6 October 2039US . . . . . 4 106,155,491(3) NTL (4) INV/IO 31398FLG4 October 2039KA(2) . . . 4 80,376,123 PAC 4.0 FIX 31398FLH2 October 2039KB . . . . . . 4 403,900 PAC 4.0 FIX 31398FLJ8 October 2039KI . . . . . . 4 6,731,668(3) NTL 6.0 FIX/IO 31398FLK5 October 2039KM(2) . . . 4 13,638,180 SUP 4.5 FIX 31398FLL3 July 2038KN(2) . . . 4 11,737,288 SUP 4.5 FIX 31398FLM1 October 2039

FD . . . . . . 5 131,124,410 PT (4) FLT 31398FLN9 October 2039OS . . . . . . 5 75,553,825(3) NTL (4) INV/IO 31398FLP4 October 2039XS . . . . . . 5 55,570,585(3) NTL (4) INV/IO 31398FLQ2 October 2039DJ(2) . . . . 5 73,500,074 PAC 5.0 FIX 31398FLR0 March 2039DN . . . . . . 5 4,193,487 PAC 5.0 FIX 31398FLS8 October 2039DQ(2) . . . 5 7,137,864 SUP 5.0 FIX 31398FLT6 July 2039DR(2) . . . 5 2,584,849 SUP 5.0 FIX 31398FLU3 October 2039

YF . . . . . . 6 102,566,112 PT (4) FLT 31398FLV1 October 2039YS . . . . . . 6 102,566,112(3) NTL (4) INV/IO 31398FLW9 October 2039VA(2) . . . 6 81,221,789 PAC 4.5 FIX 31398FLX7 February 2039VB . . . . . . 6 5,182,919 PAC 4.5 FIX 31398FLY5 October 2039VX(2) . . . 6 9,032,947 SUP 4.5 FIX 31398FLZ2 January 2039VY(2) . . . 6 7,128,458 SUP 4.5 FIX 31398FMA6 October 2039

R . . . . . . . 0 NPR 0 NPR 31398FMB4 October 2039RL . . . . . . 0 NPR 0 NPR 31398FMC2 October 2039

(1) See “Description of the Certificates—Class Definitions and Abbreviations”in the REMIC prospectus.

(2) Exchangeable classes.

(3) Notional balances. These classes are interestonly classes. See page S-8 for a descriptionof how their notional balances are calculated.

(4) Based on LIBOR.

If you own certificates of certain classes, you can exchange them for certificates of thecorresponding RCR classes to be delivered at the time of exchange. The NG, NI, NH,NJ, NK, TD, TI, TE, TH, IT, TC, TJ, LA, LI, LB, LC, LD, LE, LG, LH, LJ, KC, IK, KD, KE,KH, KT, DL, DI, DM, DU, VW, VI, VD and VT Classes are the RCR classes. For a moredetailed description of the RCR classes, see Schedule 1 attached to this prospectussupplement and “Description of the Certificates—Combination and Recombination” inthe REMIC prospectus.

The dealer will offer the certificates from time to time in negotiated transactions atvarying prices. We expect the settlement date to be September 30, 2009.

Goldman Sachs & Co.

September 23, 2009

TABLE OF CONTENTS

Page

AVAILABLE INFORMATION . . . . . . S- 3

RECENT DEVELOPMENTS . . . . . . . S- 4

SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . S- 6

DESCRIPTION OF THECERTIFICATES . . . . . . . . . . . . . . . . . S-10

GENERAL . . . . . . . . . . . . . . . . . . . . . . . . S-10

Structure . . . . . . . . . . . . . . . . . . . . . . S-10

Fannie Mae Guaranty . . . . . . . . . . . S-10

Characteristics of Certificates . . . . . S-10

Authorized Denominations . . . . . . . S-11

THE MBS. . . . . . . . . . . . . . . . . . . . . . . . . S-11

DISTRIBUTIONS OF INTEREST . . . . . . . . S-11

General . . . . . . . . . . . . . . . . . . . . . . . . S-11

Delay Classes and No-DelayClasses . . . . . . . . . . . . . . . . . . . . . . S-11

DISTRIBUTIONS OF PRINCIPAL . . . . . . . S-12

STRUCTURING ASSUMPTIONS . . . . . . . . S-13

Pricing Assumptions . . . . . . . . . . . . . S-13

Prepayment Assumptions . . . . . . . . . S-13

Principal Balance Schedules . . . . . . S-13

YIELD TABLES . . . . . . . . . . . . . . . . . . . . S-15

General . . . . . . . . . . . . . . . . . . . . . . . . S-15

Page

The Fixed Rate Interest OnlyClasses . . . . . . . . . . . . . . . . . . . . . . S-16

The Inverse Floating Rate Classes . . S-18WEIGHTED AVERAGE LIVES OF THE

CERTIFICATES . . . . . . . . . . . . . . . . . . S-19DECREMENT TABLES . . . . . . . . . . . . . . . S-20CHARACTERISTICS OF THE RESIDUAL

CLASSES . . . . . . . . . . . . . . . . . . . . . . . S-27CERTAIN ADDITIONAL FEDERAL

INCOME TAX CONSEQUENCES . . S-27U.S. TREASURY CIRCULAR 230

NOTICE . . . . . . . . . . . . . . . . . . . . . . . . S-28REMIC ELECTIONS AND SPECIAL TAX

ATTRIBUTES . . . . . . . . . . . . . . . . . . . . S-28TAXATION OF BENEFICIAL OWNERS OF

REGULAR CERTIFICATES . . . . . . . . . . S-28TAXATION OF BENEFICIAL OWNERS OF

RESIDUAL CERTIFICATES . . . . . . . . . S-28TAXATION OF BENEFICIAL OWNERS OF

RCR CERTIFICATES . . . . . . . . . . . . . . S-29PLAN OF DISTRIBUTION . . . . . . . . . S-29LEGAL MATTERS . . . . . . . . . . . . . . . . S-29SCHEDULE 1 . . . . . . . . . . . . . . . . . . . . . A- 1PRINCIPAL BALANCE

SCHEDULES . . . . . . . . . . . . . . . . . . . B- 1

S-2

AVAILABLE INFORMATION

You should purchase the certificates only if you have read and understood this prospectussupplement and the following documents (the “Disclosure Documents”):

• our Prospectus for Fannie Mae Guaranteed REMIC Pass-Through Certificates datedAugust 1, 2007 (the “REMIC Prospectus”);

• our Prospectus for Fannie Mae Guaranteed Pass-Through Certificates (Single-Family Resi-dential Mortgage Loans) dated

O June 1, 2009, for all MBS issued on or after January 1, 2009,

O April 1, 2008, for all MBS issued on or after June 1, 2007 and prior to January 1, 2009,or

O January 1, 2006, for all other MBS

(as applicable, the “MBS Prospectus”); and

• any information incorporated by reference in this prospectus supplement as discussedbelow and under the heading “Incorporation by Reference” in the REMIC Prospectus.

For a description of current servicing policies generally applicable to existing Fannie MaeMBS pools, see “Yield, Maturity, and Prepayment Considerations” in the MBS Prospectus datedJune 1, 2009.

The MBS Prospectus is incorporated by reference in this prospectus supplement. This meansthat we are disclosing information in that document by referring you to it. That document is con-sidered part of this prospectus supplement, so you should read this prospectus supplement, andany applicable supplements or amendments, together with that document.

You can obtain copies of the Disclosure Documents by writing or calling us at:

Fannie MaeMBS Helpline3900 Wisconsin Avenue, N.W., Area 2H-3SWashington, D.C. 20016(telephone 1-800-237-8627).

In addition, the Disclosure Documents, together with the class factors, are available on our corpo-rate Web site at www.fanniemae.com.

You also can obtain copies of the REMIC Prospectus and the MBS Prospectus by writing orcalling the dealer at:

Goldman Sachs & Co.Prospectus Department100 Burma RoadJersey City, New Jersey 07305(telephone 212-902-1171).

S-3

RECENT DEVELOPMENTS

The Regulatory Reform Act, which became effective on July 30, 2008, established the FederalHousing Finance Agency, or FHFA, as an independent agency with general supervisory and regu-latory authority over Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks. FHFAassumed the duties of our former regulators, the Office of Federal Housing Enterprise Oversightand the U.S. Department of Housing and Urban Development, or HUD, with respect to safety,soundness and mission oversight of Fannie Mae and Freddie Mac. HUD remains our regulatorwith respect to fair lending matters.

On September 6, 2008, the Director of FHFA placed Fannie Mae into conservatorship andappointed FHFA as the conservator. Upon its appointment, FHFA immediately succeeded to all ofour rights, titles, powers and privileges and those of any stockholder, officer, or director of FannieMae with respect to us and our assets. The conservator has the authority to take over our assetsand operate our business with all the powers of our stockholders, directors and officers, and toconduct all business of the company. Under the Regulatory Reform Act, FHFA, as conservator,may take “such action as may be necessary to put the regulated entity in a sound and solventcondition.” We have no control over FHFA’s actions or the actions it may direct us to take. Theconservatorship has no specified termination date; we do not know when or how it will be termi-nated. In addition, our board of directors does not have any duties to any person or entity exceptto the conservator. Accordingly, our board of directors is not obligated to consider the interests ofFannie Mae or the holders of the Certificates unless specifically directed to do so by the con-servator.

On September 7, 2008, Fannie Mae, through our conservator, entered into two agreementswith Treasury. The first agreement is the Stock Purchase Agreement, which provided us withTreasury’s commitment (the “Commitment”) to provide up to $100 billion in funding under speci-fied conditions. This agreement was amended and restated on September 26, 2008 and was fur-ther amended on May 6, 2009 to increase the size of Treasury’s Commitment from $100 billion to$200 billion. We issued 1,000,000 shares of Senior Preferred Stock pursuant to the Stock PurchaseAgreement. The other agreement is the Warrant, which allows Treasury to purchase, for a nomi-nal price, shares of common stock equal to 79.9% of the outstanding common stock of Fannie Mae.The Senior Preferred Stock and the Warrant were issued to Treasury as an initial commitment feefor Treasury’s Commitment. Additional information about the conservatorship, the Stock Pur-chase Agreement, the Warrant and the Commitment is included in our Annual Report on Form10-K for the year ended December 31, 2008 (the “2008 Form 10-K”) and our quarterly report onForm 10-Q for the quarter ended March 31, 2009 (the “First Quarter 2009 Form 10-Q”), which areincorporated by reference into this prospectus supplement.

We generally may draw funds under the Commitment on a quarterly basis when our totalliabilities exceed our total assets on our consolidated balance sheet prepared in accordance withGAAP as of the end of the preceding quarter. On March 31, 2009, we received $15.2 billion fromTreasury under the Commitment, which eliminated our net worth deficit as of December 31, 2008.We received an additional $19.0 billion from Treasury on June 30, 2009, which eliminated our networth deficit as of March 31, 2009. The Director of FHFA submitted a request to Treasury onAugust 6, 2009 for an additional $10.7 billion on our behalf to eliminate our net worth deficit as ofJune 30, 2009, and requested receipt of those funds on or prior to September 30, 2009. If we havea negative net worth as of the end of future fiscal quarters, we expect that FHFA will requestadditional funds from Treasury under the Stock Purchase Agreement. All funds drawn on theCommitment are added to the liquidation preference on the Senior Preferred Stock, which cur-rently has a 10% annual dividend rate. Upon receipt of the additional $10.7 billion in funds fromTreasury that have been requested, the aggregate liquidation preference of the Senior PreferredStock will total $45.9 billion and the annualized dividend on the Senior Preferred Stock will be$4.6 billion, based on the 10% dividend rate.

S-4

On September 19, 2008, we entered into a lending agreement with Treasury (the “CreditFacility”) under which we may request loans from Treasury until December 31, 2009. To borrowfrom Treasury under the Credit Facility, we must post collateral in the form of agency mortgage-backed securities to secure all such borrowings under the facility. Treasury is not obligated underthe Credit Facility to make any loan to us. To date, we have not borrowed any funds under theCredit Facility.

The Stock Purchase Agreement, the Warrant, and the Credit Facility contain covenants thatsignificantly restrict our business activities. These covenants, which are summarized in our 2008Form 10-K, include a prohibition on the issuance of equity securities (except in limited instances),a prohibition on the payment of dividends or other distributions on our equity securities (otherthan the Senior Preferred Stock or the Warrant), a prohibition on our issuance of subordinateddebt securities, and a limitation on the amount of debt securities we may have outstanding.

Certain rights provided to certificateholders under the trust documents may not be enforcedagainst FHFA, or enforcement of such rights may be delayed, during the conservatorship or if weare placed into receivership. The trust documents provide that upon the occurrence of a guarantorevent of default, which includes the appointment of a conservator or receiver, certificateholdershave the right to replace Fannie Mae as trustee if the requisite percentage of certificateholdersconsent. The Regulatory Reform Act prevents certificateholders from enforcing their rights toreplace Fannie Mae as trustee if the event of default arises solely because a conservator orreceiver has been appointed.

We are continuing to operate as a going concern while in conservatorship and remain liablefor all of our obligations, including our guaranty obligations, associated with mortgage-backedsecurities issued by us. The Stock Purchase Agreement and the Credit Facility are intended toenhance our ability to meet our obligations. However, certificateholders have certain limitedrights to bring proceedings against Treasury if we fail to pay under our guaranty.

S-5

SUMMARY

This summary contains only limited information about the certificates. Statisticalinformation in this summary is provided as of September 1, 2009. You should purchasethe certificates only after reading this prospectus supplement and each of the addi-tional disclosure documents listed on page S-3. In particular, please see the discussionof risk factors that appears in each of those additional disclosure documents.

Assets Underlying Each Group of Classes

Group Assets

1 Group 1 MBS2 Group 2 MBS3 Group 3 MBS4 Group 4 MBS5 Group 5 MBS*6 Group 6 MBS

* Includes the Subgroup 5a MBS and the Subgroup 5b MBS.

Group 1, Group 2, Group 3, Group 4, Group 5 and Group 6

Characteristics of the MBS

ApproximatePrincipalBalance

Pass-Through

Rate

Range of WeightedAverage Coupons

or WACs(annual percentages)

Range of WeightedAverage RemainingTerms to Maturity

or WAMs(in months)

Group 1 MBS $ 69,000,000 4.50% 4.75% to 7.00% 85 to 118Group 2 MBS $300,000,000 5.00% 5.25% to 7.50% 241 to 360Group 3 MBS $174,000,000 5.00% 5.25% to 7.50% 74 to 119Group 4 MBS $212,310,982 6.00% 6.25% to 8.50% 241 to 360Group 5 MBS

Subgroup 5a MBS $125,923,042 6.50% 6.75% to 9.00% 181 to 360Subgroup 5b MBS $ 92,617,642 6.50% 6.75% to 9.00% 181 to 360

Group 6 MBS $205,132,225 6.00% 6.25% to 8.50% 241 to 360

Assumed Characteristics of the Underlying Mortgage Loans

PrincipalBalance

OriginalTerm toMaturity

(in months)

RemainingTerm toMaturity

(in months)Loan Age

(in months)Interest

Rate

Group 1 MBS $ 69,000,000 180 100 75 5.08%Group 2 MBS $300,000,000 360 290 59 5.52%Group 3 MBS $174,000,000 180 98 76 5.42%Group 4 MBS $212,310,982 360 335 20 6.65%Group 5 MBS

Subgroup 5a MBS $125,923,042 360 327 33 6.98%Subgroup 5b MBS $ 92,617,642 360 348 12 6.98%

Group 6 MBS $205,132,225 360 338 17 6.55%

The actual remaining terms to maturity, loan ages and interest rates of most of the mortgageloans underlying the MBS will differ from those shown above, perhaps significantly.

Settlement Date

We expect to issue the certificates on September 30, 2009.

S-6

Distribution Dates

We will make payments on the certificates on the 25th day of each calendar month, or on thenext business day if the 25th day is not a business day.

Record Date

On each distribution date, we will make each monthly payment on the certificates to holdersof record on the last day of the preceding month.

Book-Entry and Physical Certificates

We will issue the classes of certificates in the following forms:

Fed Book-Entry Physical

All classes other than the R and RL Classes R and RL Classes

Exchanging Certificates Through Combination and Recombination

If you own certificates of a class designated as “exchangeable” on the cover of this prospectussupplement, you will be able to exchange them for a proportionate interest in the related RCRcertificates. Schedule 1 lists the available combinations of the certificates eligible for exchangeand the related RCR certificates. You can exchange your certificates by notifying us and paying anexchange fee. We will deliver the RCR certificates upon such exchange.

We will apply principal and interest payments from exchanged REMIC certificates to thecorresponding RCR certificates, on a pro rata basis, following any exchange.

Interest Rates

During each interest accrual period, the fixed rate classes will bear interest at the applicableannual interest rates listed on the cover of this prospectus supplement or on Schedule 1.

During the initial interest accrual period, the floating rate and inverse floating rate classeswill bear interest at the initial interest rates listed below. During each subsequent interestaccrual period, the floating rate and inverse floating rate classes will bear interest based on theformulas indicated below, but always subject to the specified maximum and minimum interestrates:

Class

InitialInterest

Rate

MaximumInterest

Rate

MinimumInterest

RateFormula for Calculation of

Interest Rate(1)

UF . . . . . . . . . . . . . . . . . . . . 1.02313% 7.50% 0.77% LIBOR + 77 basis pointsUS . . . . . . . . . . . . . . . . . . . . 6.47687% 6.73% 0.00% 6.73% � LIBORFD . . . . . . . . . . . . . . . . . . . . 1.03300% 7.50% 0.76% LIBOR + 76 basis pointsOS . . . . . . . . . . . . . . . . . . . . 6.46700% 6.74% 0.00% 6.74% � LIBORXS . . . . . . . . . . . . . . . . . . . . 6.46700% 6.74% 0.00% 6.74% � LIBORYF . . . . . . . . . . . . . . . . . . . . 1.01338% 7.50% 0.77% LIBOR + 77 basis pointsYS . . . . . . . . . . . . . . . . . . . . 6.48662% 6.73% 0.00% 6.73% � LIBOR

(1) We will establish LIBOR on the basis of the “BBA Method.”

S-7

Notional Classes

The notional principal balances of the notional classes will equal the percentages of the out-standing balances specified below immediately before the related distribution date:

Class

NI . . . . . . . . . . . . . . . . . . . . . . . . . . 22.2222217391% of the A ClassIB . . . . . . . . . . . . . . . . . . . . . . . . . . 16.6666663925% of the sum of the BQ and BM ClassesTI . . . . . . . . . . . . . . . . . . . . . . . . . . 19.9999997532% of the BQ ClassIT . . . . . . . . . . . . . . . . . . . . . . . . . . 9.9999998149% of the BM ClassLI . . . . . . . . . . . . . . . . . . . . . . . . . . 40% of the J ClassUS . . . . . . . . . . . . . . . . . . . . . . . . . . 100% of the UF ClassKI . . . . . . . . . . . . . . . . . . . . . . . . . . 8.3333326112% of the sum of the KA and KB ClassesIK . . . . . . . . . . . . . . . . . . . . . . . . . . 16.6666660446% of the KA ClassOS . . . . . . . . . . . . . . . . . . . . . . . . . . 59.9999998412% of the Subgroup 5a MBSXS . . . . . . . . . . . . . . . . . . . . . . . . . . 59.9999997841% of the Subgroup 5b MBSDI . . . . . . . . . . . . . . . . . . . . . . . . . . 15.3846144427% of the DJ ClassYS . . . . . . . . . . . . . . . . . . . . . . . . . . 100% of the YF ClassVI . . . . . . . . . . . . . . . . . . . . . . . . . . 16.6666656407% of the VA Class

Distributions of Principal

For a description of the principal payment priorities, see “Description of the Certificates—Distributions of Principal” in this prospectus supplement.

S-8

Weighted Average Lives (years)*

PSA Prepayment AssumptionGroup 1 Classes 0% 100% 248% 425% 600%

A, NG, NI, NH, NJ and NK . . . . . . . . . . . . . . . . . . . . 5.5 3.8 3.0 2.3 1.7

PSA Prepayment AssumptionGroup 2 Classes 0% 100% 150% 200% 250% 500% 800%

BQ, IB, BM, TD, TE, TI, TH, IT,and TJ . . . . . . . . . . . . . . . . . . . . . . 18.2 6.6 5.3 5.3 5.3 2.8 1.6

BC . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.7 19.9 19.9 19.9 19.9 11.9 6.9TA . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.8 18.6 13.8 5.0 1.3 0.3 0.2TB . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.8 23.2 22.0 18.9 4.1 0.7 0.3TC . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.0 19.5 15.4 7.7 1.8 0.4 0.2

PSA Prepayment AssumptionGroup 3 Classes 0% 100% 299% 500% 700%

J, LA, LB, LC, LD, LE, LG, LH, LJ and LI . . . . . . . 5.6 3.7 2.7 2.0 1.5

PSA Prepayment AssumptionGroup 4 Classes 0% 100% 150% 250% 300% 600% 900% 1300%

UF and US . . . . . . . . . . . . . 20.8 10.3 8.2 5.6 4.7 2.3 1.4 0.9KA, KC, KD, KE, KH and

IK . . . . . . . . . . . . . . . . . . . 18.3 6.9 5.5 5.5 5.5 2.8 1.8 1.0KB . . . . . . . . . . . . . . . . . . . . 27.1 24.8 24.8 24.8 24.8 14.1 8.5 4.5KI . . . . . . . . . . . . . . . . . . . . 18.3 7.0 5.6 5.6 5.6 2.9 1.8 1.1KM . . . . . . . . . . . . . . . . . . . . 27.9 18.0 12.2 1.4 0.9 0.3 0.2 0.1KN . . . . . . . . . . . . . . . . . . . . 29.4 24.4 21.3 10.1 3.1 0.8 0.5 0.3KT . . . . . . . . . . . . . . . . . . . . 28.6 20.9 16.4 5.4 1.9 0.5 0.3 0.2


FD . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.1 10.5 4.8 4.3 3.6 2.0 1.3OS . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.1 10.2 4.6 4.1 3.5 1.8 1.1XS . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.1 10.9 5.1 4.6 3.9 2.2 1.5DJ, DL, DI and DM . . . . . . . . . . . . . 19.5 8.0 3.4 3.4 3.4 1.9 1.3DN . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.5 20.6 13.7 13.7 13.7 7.4 4.6DQ . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.3 23.7 9.3 4.6 0.9 0.2 0.1DR . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.9 27.2 18.2 15.4 2.6 0.5 0.2DU . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.4 24.6 11.7 7.5 1.3 0.3 0.1


YF and YS . . . . . . . . . . . . . . . . . . . . . 20.8 10.4 4.8 4.3 3.3 2.0 1.3VA, VW, VI and VD . . . . . . . . . . . . . 18.7 7.3 3.1 3.1 3.1 1.9 1.4VB . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.8 18.5 12.1 12.1 12.1 7.1 4.6VX . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.7 21.5 7.8 4.2 0.7 0.3 0.2VY . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.6 25.9 15.3 13.2 2.1 0.7 0.4VT . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.1 23.4 11.1 8.2 1.3 0.4 0.3

* Determined as specified under “Yield, Maturity and Prepayment Considerations—Weighted Average Livesand Final Distribution Dates” in the REMIC Prospectus.

S-9

DESCRIPTION OF THE CERTIFICATES

The material under this heading describes the principal features of the Certificates. You willfind additional information about the Certificates in the other sections of this prospectus supple-ment, as well as in the additional Disclosure Documents and the Trust Agreement. If we use acapitalized term in this prospectus supplement without defining it, you will find the definition ofthat term in the applicable Disclosure Document or in the Trust Agreement.

General

Structure. We will create the Fannie Mae REMIC Trust specified on the cover of this pro-spectus supplement (the “Trust”) pursuant to a trust agreement dated as of August 1, 2007 and asupplement thereto dated as of September 1, 2009 (the “Issue Date”). We will issue the Guaran-teed REMIC Pass-Through Certificates (the “REMIC Certificates”) pursuant to that trust agree-ment and supplement. We will issue the Combinable and Recombinable REMIC Certificates (the“RCR Certificates” and, together with the REMIC Certificates, the “Certificates”) pursuant to aseparate trust agreement dated as of August 1, 2007 and a supplement thereto dated as of theIssue Date (together with the trust agreement and supplement relating to the REMIC Certifi-cates, the “Trust Agreement”). We will execute the Trust Agreement in our corporate capacity andas trustee (the “Trustee”). In general, the term “Classes” includes the Classes of REMIC Certifi-cates and RCR Certificates.

The assets of the Trust will include six groups of Fannie Mae Guaranteed Mortgage Pass-Through Certificates (the “Group 1 MBS,” “Group 2 MBS,” “Group 3 MBS,” “Group 4 MBS,”“Group 5 MBS” and “Group 6 MBS,” and together, the “MBS”).

Each MBS represents a beneficial ownership interest in a pool of first lien, one- to four-family(“single-family”), fixed-rate residential mortgage loans (the “Mortgage Loans”) having the charac-teristics described in this prospectus supplement.

The Trust will include the “Lower Tier REMIC” and “Upper Tier REMIC” as “real estatemortgage investment conduits” (each, a “REMIC”) under the Internal Revenue Code of 1986, asamended (the “Code”).

The following chart contains information about the assets, the “regular interests” and the“residual interests” of each REMIC. The REMIC Certificates other than the R and RL Classes arecollectively referred to as the “Regular Classes” or “Regular Certificates,” and the R and RLClasses are collectively referred to as the “Residual Classes” or “Residual Certificates.”

REMIC Designation Assets Regular InterestsResidualInterest

Lower Tier REMIC . . . . . . . . . . . . . . . MBS Interests in the Lower TierREMIC other than the RLClass (the “Lower TierRegular Interests”)

RL

Upper Tier REMIC . . . . . . . . . . . . . . . Lower Tier RegularInterests

All Classes of REMICCertificates other than theR and RL Classes

R

Fannie Mae Guaranty. For a description of our guaranties of the Certificates and the MBS,see the applicable discussions appearing under the heading “Fannie Mae Guaranty” in the REMICProspectus and the MBS Prospectus. Our guaranties are not backed by the full faith and credit ofthe United States.

Characteristics of Certificates. Except as specified below, we will issue the Certificates inbook-entry form on the book-entry system of the U.S. Federal Reserve Banks. Entities whose

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names appear on the book-entry records of a Federal Reserve Bank as having had Certificatesdeposited in their accounts are “Holders” or “Certificateholders.”

We will issue the Residual Certificates in fully registered, certificated form. The “Holder” or“Certificateholder” of a Residual Certificate is its registered owner. A Residual Certificate can betransferred at the corporate trust office of the Transfer Agent, or at the office of the TransferAgent in New York, New York. U.S. Bank National Association (“US Bank”) in Boston, Massachu-setts will be the initial Transfer Agent. We may impose a service charge for any registration oftransfer of a Residual Certificate and may require payment to cover any tax or other gov-ernmental charge. See also “—Characteristics of the Residual Classes” below.

Authorized Denominations. We will issue the Certificates in the following denominations:

Classes Denominations

Interest Only and InverseFloating Rate Classes

$100,000 minimum plus whole dollar increments

All other Classes (except theR and RL Classes)

$1,000 minimum plus whole dollar increments

The MBS

The MBS provide that principal and interest on the related Mortgage Loans are passedthrough monthly. The Mortgage Loans underlying the MBS are conventional, fixed-rate, fully-amortizing mortgage loans secured by first mortgages or deeds of trust on single-family resi-dential properties. These Mortgage Loans have original maturities of up to 15 years in the case ofthe Group 1 MBS and Group 3 MBS, and up to 30 years in the case of the Group 2 MBS, Group 4MBS, Group 5 MBS and Group 6 MBS.

For additional information, see “Summary—Group 1, Group 2, Group 3, Group 4, Group 5 andGroup 6—Characteristics of the MBS” and “—Assumed Characteristics of the Underlying Mort-gage Loans” in this prospectus supplement and “The Mortgage Pools” and “Yield, Maturity, andPrepayment Considerations” in the MBS Prospectus.

Distributions of Interest

General. The Certificates will bear interest at the rates specified in this prospectus supple-ment on a 30/360 basis. Interest to be paid on each Certificate on a Distribution Date will consistof one month’s interest on the outstanding balance of that Certificate immediately prior to thatDistribution Date.

Delay Classes and No-Delay Classes. The “delay” Classes and “no-delay” Classes are setforth in the following table:

Delay Classes No-Delay Classes

Fixed Rate Classes Floating Rate and Inverse Floating Rate Classes

See “Description of the Certificates—Distributions on Certificates—Interest Distributions” in theREMIC Prospectus.

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Distributions of Principal

• Group 1

The Group 1 Principal Distribution Amount to A until retired. Pass-ThroughClass

The “Group 1 Principal Distribution amount” is the principal then paid on the Group 1 MBS.

• Group 2

The Group 2 Principal Distribution Amount in the following priority:

1. To Aggregate Group I to its Planned Balance. PAC Group

2. To TA and TB, in that order, until retired. SupportClasses

3. To Aggregate Group I to zero. PAC Group

The “Group 2 Principal Distribution Amount” is the principal then paid on the Group 2 MBS.

“Aggregate Group I” consists of the BQ, BM and BC Classes. On each Distribution Date, wewill apply payments of principal of Aggregate Group I as follows:

first, to BQ and BM, pro rata, until retired; andsecond, to BC until retired.

Aggregate Group I has a principal balance equal to the aggregate principal balances of theClasses included in Aggregate Group I.

• Group 3

The Group 3 Principal Distribution Amount to J until retired. Pass-ThroughClass


• Group 4

The Group 4 Principal Distribution Amount as follows:

—50% to UF until retired, and Pass-ThroughClass

—50% as follows:

first, to Aggregate Group II to its Planned Balance; PAC Group

second, to KM and KN, in that order, until retired; and SupportClasses

third, to Aggregate Group II to zero. PAC Group


“Aggregate Group II” consists of the KA and KB Classes. On each Distribution Date, we willapply payments of principal of Aggregate Group II to KA and KB, in that order, until retired.

Aggregate Group II has a principal balance equal to the aggregate principal balance of theClasses included in Aggregate Group II.

• Group 5

The Group 5 Principal Distribution Amount as follows:

—59.9999998170% to FD until retired, and Pass-ThroughClass

—40.0000001830% as follows:

first, to Aggregate Group III to its Planned Balance; PAC Group

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second, to DQ and DR, in that order, until retired; and SupportClasses

third, to Aggregate Group III to zero. PAC Group


“Aggregate Group III” consists of the DJ and DN Classes. On each Distribution Date, we willapply payments of principal of Aggregate Group III to DJ and DN, in that order, until retired.

Aggregate Group III has a principal balance equal to the aggregate principal balances of theClasses included in Aggregate Group III.

• Group 6

—49.9999997563% to YF until retired, and Pass-ThroughClass

—50.0000002437% as follows:

first, to Aggregate Group IV to its Planned Balance; PAC Group

second, to VX and VY, in that order, until retired; and SupportClasses

third, to Aggregate Group IV to zero. PAC Group


“Aggregate Group IV” consists of the VA and VB Classes. On each Distribution Date, we willapply payments of principal of Aggregate Group IV to VA and VB, in that order, until retired.

Aggregate Group IV has a principal balance equal to the aggregate principal balances of theClasses included in Aggregate Group IV.

Structuring Assumptions

Pricing Assumptions. Except where otherwise noted, the information in the tables in thisprospectus supplement has been prepared based on the following assumptions (the “PricingAssumptions”):

• the Mortgage Loans underlying the MBS have the original terms to maturity, remainingterms to maturity, loan ages and interest rates specified under “Summary—Group 1,Group 2, Group 3, Group 4, Group 5 and Group 6—Assumed Characteristics of the Under-lying Mortgage Loans” in this prospectus supplement;

• the Mortgage Loans prepay at the constant percentages of PSA specified in the relatedtables;

• the settlement date for the Certificates is September 30, 2009; and

• each Distribution Date occurs on the 25th day of a month.

Prepayment Assumptions. The prepayment model used in this prospectus supplement isPSA. For a description of PSA, see “Yield, Maturity and Prepayment Considerations—PrepaymentModels” in the REMIC Prospectus. It is highly unlikely that prepayments will occur at any con-stant PSA rate or at any other constant rate.

Principal Balance Schedules. The Principal Balance Schedules are set forth beginning onpage B-1 of this prospectus supplement. The Principal Balance Schedules were prepared based onthe Pricing Assumptions and the assumption that the related Mortgage Loans prepay at a con-stant rate within the applicable “Structuring Ranges” specified in the chart below. The “EffectiveRange” for an Aggregate Group is the range of prepayment rates (measured by constant PSArates) that would reduce that Aggregate Group to its scheduled balance each month based on thePricing Assumptions. We have not provided separate schedules for the individual Classes includedin the Aggregate Groups. However, these Classes are designed to receive principal distributions in

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the same fashion as if separate schedules had been provided (with schedules based on the sameunderlying assumptions that apply to the related Aggregate Group schedule). If such separateschedules had been provided for the individual Classes included in the Aggregate Groups, weexpect that the effective ranges for these Classes would not be narrower than that shown belowfor the related Aggregate Group.

Groups Structuring Ranges Initial Effective Ranges

Aggregate Group I Planned Balances Between 150% and 250% PSA Between 150% and 250% PSAAggregate Group II Planned Balances Between 150% and 300% PSA Between 150% and 300% PSAAggregate Group III Planned Balances Between 300% and 400% PSA Between 300% and 400% PSAAggregate Group IV Planned Balances Between 300% and 450% PSA Between 300% and 450% PSA

The Aggregate Groups listed above consist of the following Classes:

Aggregate Group I . . . . . . . . . . . . . . . . . . . . . . . . . . . . BQ, BM and BCAggregate Group II . . . . . . . . . . . . . . . . . . . . . . . . . . . . KA and KBAggregate Group III . . . . . . . . . . . . . . . . . . . . . . . . . . . . DJ and DNAggregate Group IV . . . . . . . . . . . . . . . . . . . . . . . . . . . . VA and VB

See “—Decrement Tables” below for the percentages of original principal balances of theindividual Classes included in the Aggregate Groups that would be outstanding at various con-stant PSA rates, including the upper and lower bands of the applicable Structuring Ranges, basedon the Pricing Assumptions.

We cannot assure you that the balance of any Aggregate Group will conform on anyDistribution Date to the balance specified in the Principal Balance Schedules or thatdistributions of principal of any Aggregate Group will begin or end on the DistributionDates specified in the Principal Balance Schedules.

If you are considering the purchase of a PAC Class, you should first take into account theconsiderations set forth below.

• We will distribute any excess of principal distributions over the amount necessary to reducean Aggregate Group to its scheduled balance in any month. As a result, the likelihood ofreducing an Aggregate Group to its scheduled balance each month will not be improved bythe averaging of high and low principal distributions from month to month.

• Even if the related Mortgage Loans prepay at rates falling within a Structuring Range oran Effective Range, principal distributions may be insufficient to reduce the applicableAggregate Group to its scheduled balance each month if prepayments do not occur at aconstant PSA rate.

• The actual Effective Ranges at any time will be based upon the actual characteristics of therelated Mortgage Loans at that time, which are likely to vary (and may vary considerably)from the Pricing Assumptions. As a result, the actual Effective Ranges will likely differfrom the Initial Effective Ranges specified above. For the same reason, the applicableAggregate Group might not be reduced to their scheduled balances each month even if therelated Mortgage Loans prepay at a constant PSA rate within the applicable Initial Effec-tive Ranges. This is so particularly if the rate falls at the lower or higher end of the appli-cable range.

• The actual Effective Ranges may narrow, widen or shift upward or downward to reflectactual prepayment experience over time.

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• The principal payment stability of each Aggregate Group that has scheduled balances willbe supported by one or more other Classes. When the supporting Classes are retired, theAggregate Group receiving the benefit of that support, if still outstanding, may no longerhave an Effective Range and will be much more sensitive to prepayments of the relatedMortgage Loans.

Yield Tables

General. The tables below illustrate the sensitivity of the pre-tax corporate bond equivalentyields to maturity of the applicable Classes to various constant percentages of PSA and, wherespecified, to changes in the Index. The tables below are provided for illustrative purposesonly and are not intended as a forecast or prediction of the actual yields on the appli-cable Classes. We calculated the yields set forth in the tables by

• determining the monthly discount rates that, when applied to the assumed streams of cashflows to be paid on the applicable Classes, would cause the discounted present values of theassumed streams of cash flows to equal the assumed aggregate purchase prices of thoseClasses, and

• converting the monthly rates to corporate bond equivalent rates.

These calculations do not take into account variations in the interest rates at which you couldreinvest distributions on the Certificates. Accordingly, these calculations do not illustrate thereturn on any investment in the Certificates when reinvestment rates are taken into account.

We cannot assure you that

• the pre-tax yields on the applicable Certificates will correspond to any of the pre-tax yieldsshown here, or

• the aggregate purchase prices of the applicable Certificates will be as assumed.

In addition, it is unlikely that the Index will correspond to the levels shown here. Fur-thermore, because some of the Mortgage Loans are likely to have remaining terms to maturityshorter or longer than those assumed and interest rates higher or lower than those assumed, theprincipal payments on the Certificates are likely to differ from those assumed. This would be thecase even if all Mortgage Loans prepay at the indicated constant percentages of PSA. Moreover, itis unlikely that

• the Mortgage Loans will prepay at a constant PSA rate until maturity,

• all of the Mortgage Loans will prepay at the same rate, or

• the level of the Index will remain constant.

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The Fixed Rate Interest Only Classes. The yields to investors in the Fixed Rate Inter-est Only Classes will be very sensitive to the rate of principal payments (includingprepayments) of the related Mortgage Loans. The Mortgage Loans generally can beprepaid at any time without penalty. On the basis of the assumptions described below,the yield to maturity on each Fixed Rate Interest Only Class would be 0% if prepay-ments of the related Mortgage Loans were to occur at the following constant rates:

Class % PSA

IB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 448%KI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 648%NI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 484%TI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 630%IT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 630%LI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 480%IK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 637%DI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 686%VI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 712%

For any Fixed Rate Interest Only Class, if the actual prepayment rate of the relatedMortgage Loans were to exceed the level specified for as little as one month whileequaling that level for the remaining months, the investors in the applicable Classwould lose money on their initial investments.

The information shown in the following yield tables has been prepared on the basis of thePricing Assumptions and the assumption that the aggregate purchase prices of the Fixed RateInterest Only Classes (expressed in each case as a percentage of the original principal balance) areas follows:

Class Price*

IB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.5000%KI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.5000%NI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.0000%TI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.5000%IT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.5000%LI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.0000%IK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.5000%DI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.3125%VI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.5000%

* The prices do not include accrued interest. Accrued interest has been addedto the prices in calculating the yields set forth in the tables below.

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Sensitivity of the IB Class to Prepayments

PSA Prepayment Assumption50% 100% 150% 200% 250% 500% 800%

Pre-Tax Yields to Maturity . . . . 25.3% 20.3% 15.3% 15.3% 15.3% (5.1)% (39.6)%

Sensitivity of the KI Class to Prepayments

PSA Prepayment Assumption50% 100% 150% 250% 300% 600% 900% 1300%

Pre-Tax Yields to Maturity . . . . 33.6% 28.5% 23.2% 23.2% 23.2% 3.9% (22.6)% (68.6)%

Sensitivity of the NI Class to Prepayments

PSA Prepayment Assumption50% 100% 248% 425% 600%

Pre-Tax Yields to Maturity . . . . 32.4% 28.9% 18.3% 4.7% (9.7)%

Sensitivity of the TI Class to Prepayments


Pre-Tax Yields to Maturity . . . . 42.5% 37.5% 32.3% 32.3% 32.3% 13.5% (20.5)%

Sensitivity of the IT Class to Prepayments


Pre-Tax Yields to Maturity . . . . 42.5% 37.5% 32.3% 32.3% 32.3% 13.5% (20.5)%

Sensitivity of the LI Class to Prepayments

PSA Prepayment Assumption50% 100% 299% 500% 700%

Pre-Tax Yields to Maturity . . . . 32.0% 28.6% 14.1% (1.7)% (18.8)%

Sensitivity of the IK Class to Prepayments

PSA Prepayment Assumption50% 100% 150% 250% 300% 600% 900% 1300%

Pre-Tax Yields to Maturity . . . . 33.6% 28.4% 23.0% 23.0% 23.0% 3.1% (25.3)% (75.7)%

Sensitivity of the DI Class to Prepayments



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Sensitivity of the VI Class to Prepayments



The Inverse Floating Rate Classes. The yields on the Inverse Floating Rate Classeswill be sensitive in varying degrees to the rate of principal payments, includingprepayments, of the related Mortgage Loans and to the level of the Index. The MortgageLoans generally can be prepaid at any time without penalty. In addition, the rate ofprincipal payments (including prepayments) of the Mortgage Loans is likely to vary,and may vary considerably, from pool to pool. As illustrated in the tables below, it ispossible that investors in the Inverse Floating Rate Classes would lose money on theirinitial investments under certain Index and prepayment scenarios.

Changes in the Index may not correspond to changes in prevailing mortgage interest rates. Itis possible that lower prevailing mortgage interest rates, which might be expected to result infaster prepayments, could occur while the level of the Index increased.

The information shown in the following yield tables has been prepared on the basis of thePricing Assumptions and the assumptions that

• the interest rates for the Inverse Floating Rate Classes for the initial Interest AccrualPeriod are the rates listed in the table under “Summary—Interest Rates” in this prospectussupplement and for each following Interest Accrual Period will be based on the specifiedlevel of the Index, and

• the aggregate purchase prices of these Classes (expressed in each case as a percentage oforiginal principal balance) are as follows:

Class Price*

US . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.6875%OS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.9375%XS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.0000%YS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.5000%

* The prices do not include accrued interest. Accrued interest hasbeen added to the prices in calculating the yields set forth in thetables below.

In the following yield tables, the symbol * is used to represent a yield of less than (99.9)%.

Sensitivity of the US Class to Prepayments and LIBOR(Pre-Tax Yields to Maturity)

PSA Prepayment AssumptionLIBOR 50% 100% 150% 250% 300% 600% 900% 1300%

0.12500% . . . . . . . . . . . . . . . . . . . . . . 58.1% 54.5% 50.8% 43.3% 39.4% 14.6% (13.8)% (61.3)%0.25313% . . . . . . . . . . . . . . . . . . . . . . 56.8% 53.2% 49.5% 42.0% 38.2% 13.4% (14.8)% (62.3)%2.25313% . . . . . . . . . . . . . . . . . . . . . . 36.8% 33.4% 29.9% 22.7% 19.1% (4.4)% (31.3)% (76.7)%4.25313% . . . . . . . . . . . . . . . . . . . . . . 17.3% 14.1% 10.8% 4.0% 0.6% (21.6)% (47.2)% (91.0)%6.73000% . . . . . . . . . . . . . . . . . . . . . . * * * * * * * *

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Sensitivity of the OS Class to Prepayments and LIBOR(Pre-Tax Yields to Maturity)

PSA Prepayment AssumptionLIBOR 50% 100% 300% 335% 400% 700% 1000%

0.125% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62.8% 58.9% 42.5% 39.5% 33.8% 5.4% (28.1)%0.273% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61.2% 57.3% 41.0% 38.0% 32.3% 4.1% (29.2)%2.273% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39.7% 36.0% 20.9% 18.1% 12.9% (13.3)% (44.1)%4.273% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.8% 15.5% 1.5% (1.1)% (5.9)% (30.0)% (58.5)%6.740% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . * * * * * * *

Sensitivity of the XS Class to Prepayments and LIBOR(Pre-Tax Yields to Maturity)


0.125% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57.1% 54.0% 41.0% 38.6% 34.2% 12.6% (11.5)%0.273% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55.6% 52.5% 39.5% 37.2% 32.8% 11.2% (13.0)%2.273% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36.1% 33.0% 20.2% 17.9% 13.5% (7.9)% (32.0)%4.273% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.0% 14.0% 1.4% (0.9)% (5.2)% (26.6)% (51.0)%6.740% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . * * * * * * *

Sensitivity of the YS Class to Prepayments and LIBOR(Pre-Tax Yields to Maturity)


0.12500% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59.4% 56.0% 41.5% 38.9% 30.0% 7.2% (18.7)%0.24338% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58.2% 54.7% 40.3% 37.7% 28.9% 6.1% (19.7)%2.24338% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37.8% 34.4% 20.6% 18.1% 9.6% (12.3)% (37.3)%4.24338% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.9% 14.7% 1.5% (0.9)% (9.1)% (30.1)% (54.4)%6.73000% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . * * * * * * *

Weighted Average Lives of the Certificates

For a description of how the weighted average life of a Certificate is determined, see “Yield,Maturity and Prepayment Considerations—Weighted Average Lives and Final DistributionDates” in the REMIC Prospectus.

In general, the weighted average lives of the Certificates will be shortened if the level of pre-payments of principal of the related Mortgage Loans increases. However, the weighted averagelives will depend upon a variety of other factors, including

• the timing of changes in the rate of principal distributions, and

• the priority sequences of distributions of principal of the Group 2, Group 4, Group 5 andGroup 6 Classes.

See “—Distributions of Principal” above.

The effect of these factors may differ as to various Classes and the effects on any Class mayvary at different times during the life of that Class. Accordingly, we can give no assurance as tothe weighted average life of any Class. Further, to the extent the prices of the Certificates repre-sent discounts or premiums to their original principal balances, variability in the weighted aver-age lives of those Classes of Certificates could result in variability in the related yields tomaturity. For an example of how the weighted average lives of the Classes may be affected atvarious constant prepayment rates, see the Decrement Tables below.

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Decrement Tables

The following tables indicate the percentages of original principal balances of the specifiedClasses that would be outstanding after each date shown at various constant PSA rates and thecorresponding weighted average lives of those Classes. The tables have been prepared on the basisof the Pricing Assumptions.

In the case of the information set forth for each Class under 0% PSA, however, we assumedthat the Mortgage Loans have the original and remaining terms to maturity and bear interest atthe annual rates specified in the table below.

Mortgage Loans BackingTrust Assets Specified

BelowOriginal Terms

to MaturityRemaining Terms

to MaturityInterest

Rates

Group 1 MBS 180 months 118 months 7.00%Group 2 MBS 360 months 360 months 7.50%Group 3 MBS 180 months 119 months 7.50%Group 4 MBS 360 months 360 months 8.50%Group 5 MBS 360 months 360 months 9.00%Group 6 MBS 360 months 360 months 8.50%

It is unlikely that all of the Mortgage Loans will have the loan ages, interest rates or remain-ing terms to maturity assumed, or that the Mortgage Loans will prepay at any constant PSA level.

In addition, the diverse remaining terms to maturity of the Mortgage Loans could produceslower or faster principal distributions than indicated in the tables at the specified constant PSArates, even if the weighted average remaining term to maturity and the weighted average loanage of the Mortgage Loans are identical to the weighted averages specified in the Pricing Assump-tions. This is the case because pools of loans with identical weighted averages are nonethelesslikely to reflect differing dispersions of the related characteristics.

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Percent of Original Principal Balances Outstanding

A, NG, NI†, NH, NJ and NK ClassesPSA Prepayment Assumption

Date 0% 100% 248% 425% 600%

Initial Percent . . . . . . . . . 100 100 100 100 100September 2010 . . . . . . . . 93 85 77 67 58September 2011 . . . . . . . . 85 70 58 44 33September 2012 . . . . . . . . 76 57 42 28 18September 2013 . . . . . . . . 67 45 30 18 10September 2014 . . . . . . . . 58 33 20 10 5September 2015 . . . . . . . . 47 22 12 6 2September 2016 . . . . . . . . 36 12 6 2 1September 2017 . . . . . . . . 24 3 1 * *September 2018 . . . . . . . . 11 0 0 0 0September 2019 . . . . . . . . 0 0 0 0 0September 2020 . . . . . . . . 0 0 0 0 0September 2021 . . . . . . . . 0 0 0 0 0September 2022 . . . . . . . . 0 0 0 0 0September 2023 . . . . . . . . 0 0 0 0 0September 2024 . . . . . . . . 0 0 0 0 0Weighted Average

Life (years)** . . . . . . . . 5.5 3.8 3.0 2.3 1.7

BQ, IB†, BM, TD, TE,TI†, TH, IT† and TJ Classes BC Class TA Class

PSA Prepayment Assumption PSA Prepayment Assumption PSA Prepayment AssumptionDate 0% 100% 150% 200% 250% 500% 800% 0% 100% 150% 200% 250% 500% 800% 0% 100% 150% 200% 250% 500% 800%

Initial Percent . . . . . . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100September 2010 . . . . . . . 99 90 87 87 87 81 60 100 100 100 100 100 100 100 100 100 100 78 56 0 0September 2011 . . . . . . . 98 81 75 75 75 55 29 100 100 100 100 100 100 100 100 100 100 61 24 0 0September 2012 . . . . . . . 96 72 64 64 64 36 13 100 100 100 100 100 100 100 100 100 100 49 2 0 0September 2013 . . . . . . . 95 64 54 54 54 24 5 100 100 100 100 100 100 100 100 100 100 41 0 0 0September 2014 . . . . . . . 93 57 45 45 45 15 1 100 100 100 100 100 100 100 100 100 100 36 0 0 0September 2015 . . . . . . . 92 50 37 37 37 9 0 100 100 100 100 100 100 67 100 100 100 33 0 0 0September 2016 . . . . . . . 90 43 30 30 30 5 0 100 100 100 100 100 100 34 100 100 99 31 0 0 0September 2017 . . . . . . . 88 37 24 24 24 3 0 100 100 100 100 100 100 17 100 100 96 29 0 0 0September 2018 . . . . . . . 86 31 19 19 19 1 0 100 100 100 100 100 100 8 100 100 90 25 0 0 0September 2019 . . . . . . . 84 26 15 15 15 0 0 100 100 100 100 100 82 4 100 100 83 22 0 0 0September 2020 . . . . . . . 81 20 11 11 11 0 0 100 100 100 100 100 54 2 100 100 75 17 0 0 0September 2021 . . . . . . . 79 16 9 9 9 0 0 100 100 100 100 100 36 1 100 100 66 13 0 0 0September 2022 . . . . . . . 76 11 6 6 6 0 0 100 100 100 100 100 24 * 100 100 57 9 0 0 0September 2023 . . . . . . . 73 7 4 4 4 0 0 100 100 100 100 100 16 * 100 100 48 4 0 0 0September 2024 . . . . . . . 70 3 3 3 3 0 0 100 100 100 100 100 10 * 100 100 39 * 0 0 0September 2025 . . . . . . . 66 1 1 1 1 0 0 100 100 100 100 100 6 * 100 87 31 0 0 0 0September 2026 . . . . . . . 62 * * * * 0 0 100 100 100 100 100 4 * 100 72 22 0 0 0 0September 2027 . . . . . . . 58 0 0 0 0 0 0 100 82 82 82 82 3 * 100 57 14 0 0 0 0September 2028 . . . . . . . 54 0 0 0 0 0 0 100 60 60 60 60 2 * 100 43 7 0 0 0 0September 2029 . . . . . . . 49 0 0 0 0 0 0 100 42 42 42 42 1 * 100 29 0 0 0 0 0September 2030 . . . . . . . 44 0 0 0 0 0 0 100 28 28 28 28 * * 100 16 0 0 0 0 0September 2031 . . . . . . . 39 0 0 0 0 0 0 100 17 17 17 17 * * 100 2 0 0 0 0 0September 2032 . . . . . . . 33 0 0 0 0 0 0 100 8 8 8 8 * * 100 0 0 0 0 0 0September 2033 . . . . . . . 27 0 0 0 0 0 0 100 1 1 1 1 * * 100 0 0 0 0 0 0September 2034 . . . . . . . 20 0 0 0 0 0 0 100 0 0 0 0 0 0 100 0 0 0 0 0 0September 2035 . . . . . . . 12 0 0 0 0 0 0 100 0 0 0 0 0 0 100 0 0 0 0 0 0September 2036 . . . . . . . 4 0 0 0 0 0 0 100 0 0 0 0 0 0 100 0 0 0 0 0 0September 2037 . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 93 0 0 0 0 0 0September 2038 . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 37 0 0 0 0 0 0September 2039 . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Weighted Average

Life (years)** . . . . . . . 18.2 6.6 5.3 5.3 5.3 2.8 1.6 27.7 19.9 19.9 19.9 19.9 11.9 6.9 28.8 18.6 13.8 5.0 1.3 0.3 0.2

* Indicates an outstanding balance greater than 0% and less than 0.5% of the original principal balance.** Determined as specified under “Yield, Maturity and Prepayment Considerations—Weighted Average Lives and Final

Distribution Dates” in the REMIC Prospectus.† In the case of a Notional Class, the Decrement Table indicates the percentage of the original notional principal balance

outstanding.

S-21

TB Class TC ClassPSA Prepayment Assumption PSA Prepayment Assumption

Date 0% 100% 150% 200% 250% 500% 800% 0% 100% 150% 200% 250% 500% 800%

Initial Percent . . . . . . . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100September 2010 . . . . . . . . 100 100 100 100 100 0 0 100 100 100 82 64 0 0September 2011 . . . . . . . . 100 100 100 100 100 0 0 100 100 100 69 38 0 0September 2012 . . . . . . . . 100 100 100 100 100 0 0 100 100 100 59 21 0 0September 2013 . . . . . . . . 100 100 100 100 47 0 0 100 100 100 52 9 0 0September 2014 . . . . . . . . 100 100 100 100 14 0 0 100 100 100 48 3 0 0September 2015 . . . . . . . . 100 100 100 100 1 0 0 100 100 100 46 * 0 0September 2016 . . . . . . . . 100 100 100 100 * 0 0 100 100 99 45 * 0 0September 2017 . . . . . . . . 100 100 100 100 * 0 0 100 100 97 43 * 0 0September 2018 . . . . . . . . 100 100 100 100 * 0 0 100 100 92 40 * 0 0September 2019 . . . . . . . . 100 100 100 100 * 0 0 100 100 86 37 * 0 0September 2020 . . . . . . . . 100 100 100 100 * 0 0 100 100 80 33 * 0 0September 2021 . . . . . . . . 100 100 100 100 * 0 0 100 100 73 30 * 0 0September 2022 . . . . . . . . 100 100 100 100 * 0 0 100 100 66 26 * 0 0September 2023 . . . . . . . . 100 100 100 100 * 0 0 100 100 58 23 * 0 0September 2024 . . . . . . . . 100 100 100 100 * 0 0 100 100 51 20 * 0 0September 2025 . . . . . . . . 100 100 100 86 * 0 0 100 89 44 17 * 0 0September 2026 . . . . . . . . 100 100 100 71 * 0 0 100 77 37 14 * 0 0September 2027 . . . . . . . . 100 100 100 58 * 0 0 100 66 31 11 * 0 0September 2028 . . . . . . . . 100 100 100 45 * 0 0 100 54 25 9 * 0 0September 2029 . . . . . . . . 100 100 100 34 * 0 0 100 43 19 7 * 0 0September 2030 . . . . . . . . 100 100 72 24 * 0 0 100 32 14 5 * 0 0September 2031 . . . . . . . . 100 100 47 16 * 0 0 100 21 9 3 * 0 0September 2032 . . . . . . . . 100 58 24 8 * 0 0 100 11 5 1 * 0 0September 2033 . . . . . . . . 100 8 3 1 * 0 0 100 2 1 * * 0 0September 2034 . . . . . . . . 100 0 0 0 0 0 0 100 0 0 0 0 0 0September 2035 . . . . . . . . 100 0 0 0 0 0 0 100 0 0 0 0 0 0September 2036 . . . . . . . . 100 0 0 0 0 0 0 100 0 0 0 0 0 0September 2037 . . . . . . . . 100 0 0 0 0 0 0 95 0 0 0 0 0 0September 2038 . . . . . . . . 100 0 0 0 0 0 0 49 0 0 0 0 0 0September 2039 . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0Weighted Average

Life (years)** . . . . . . . . 29.8 23.2 22.0 18.9 4.1 0.7 0.3 29.0 19.5 15.4 7.7 1.8 0.4 0.2

J, LA, LB, LC, LD, LE,LG, LH, LJ and LI† Classes

PSA Prepayment AssumptionDate 0% 100% 299% 500% 700%

Initial Percent . . . . . . . . . 100 100 100 100 100September 2010 . . . . . . . . 93 85 74 63 52September 2011 . . . . . . . . 85 70 53 39 27September 2012 . . . . . . . . 77 57 38 23 13September 2013 . . . . . . . . 68 44 26 14 6September 2014 . . . . . . . . 59 32 16 7 3September 2015 . . . . . . . . 48 21 9 4 1September 2016 . . . . . . . . 37 11 4 1 *September 2017 . . . . . . . . 25 2 1 * *September 2018 . . . . . . . . 13 0 0 0 0September 2019 . . . . . . . . 0 0 0 0 0September 2020 . . . . . . . . 0 0 0 0 0September 2021 . . . . . . . . 0 0 0 0 0September 2022 . . . . . . . . 0 0 0 0 0September 2023 . . . . . . . . 0 0 0 0 0September 2024 . . . . . . . . 0 0 0 0 0Weighted Average

Life (years)** . . . . . . . . 5.6 3.7 2.7 2.0 1.5



outstanding.

S-22

UF and US† Classes KA, KC, KD, KE, KH and IK† ClassesPSA Prepayment Assumption PSA Prepayment Assumption

Date 0% 100% 150% 250% 300% 600% 900% 1300% 0% 100% 150% 250% 300% 600% 900% 1300%

Initial Percent . . . . . . . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100September 2010 . . . . . . . . 99 94 91 86 83 68 52 30 99 91 88 88 88 88 68 40September 2011 . . . . . . . . 98 87 82 72 67 43 23 7 98 82 76 76 76 56 31 8September 2012 . . . . . . . . 98 80 73 60 54 27 11 1 97 74 65 65 65 35 14 1September 2013 . . . . . . . . 97 74 65 50 44 17 5 * 95 66 54 54 54 22 6 0September 2014 . . . . . . . . 95 69 59 42 35 11 2 * 94 58 45 45 45 14 2 0September 2015 . . . . . . . . 94 63 52 35 28 7 1 * 93 51 37 37 37 8 1 0September 2016 . . . . . . . . 93 58 47 29 23 4 * * 91 45 30 30 30 5 * 0September 2017 . . . . . . . . 92 53 41 24 18 3 * * 89 38 24 24 24 3 0 0September 2018 . . . . . . . . 90 49 37 20 15 2 * * 87 33 19 19 19 2 0 0September 2019 . . . . . . . . 89 45 33 17 12 1 * * 85 27 15 15 15 1 0 0September 2020 . . . . . . . . 87 41 29 14 9 1 * * 83 22 12 12 12 * 0 0September 2021 . . . . . . . . 85 37 25 11 7 * * * 80 17 9 9 9 * 0 0September 2022 . . . . . . . . 83 34 22 9 6 * * 0 77 12 7 7 7 0 0 0September 2023 . . . . . . . . 81 30 19 8 5 * * 0 74 8 6 6 6 0 0 0September 2024 . . . . . . . . 78 27 17 6 4 * * 0 71 4 4 4 4 0 0 0September 2025 . . . . . . . . 75 24 15 5 3 * * 0 67 3 3 3 3 0 0 0September 2026 . . . . . . . . 72 22 12 4 2 * * 0 64 2 2 2 2 0 0 0September 2027 . . . . . . . . 69 19 11 3 2 * * 0 59 2 2 2 2 0 0 0September 2028 . . . . . . . . 66 16 9 2 1 * * 0 55 1 1 1 1 0 0 0September 2029 . . . . . . . . 62 14 7 2 1 * * 0 50 1 1 1 1 0 0 0September 2030 . . . . . . . . 58 12 6 1 1 * * 0 44 * * * * 0 0 0September 2031 . . . . . . . . 53 10 5 1 1 * * 0 38 * * * * 0 0 0September 2032 . . . . . . . . 49 8 4 1 * * 0 0 32 0 0 0 0 0 0 0September 2033 . . . . . . . . 43 6 3 1 * * 0 0 25 0 0 0 0 0 0 0September 2034 . . . . . . . . 37 4 2 * * * 0 0 17 0 0 0 0 0 0 0September 2035 . . . . . . . . 31 3 1 * * * 0 0 9 0 0 0 0 0 0 0September 2036 . . . . . . . . 24 1 1 * * * 0 0 * 0 0 0 0 0 0 0September 2037 . . . . . . . . 17 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0September 2038 . . . . . . . . 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0September 2039 . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Weighted Average

Life (years)** . . . . . . . . 20.8 10.3 8.2 5.6 4.7 2.3 1.4 0.9 18.3 6.9 5.5 5.5 5.5 2.8 1.8 1.0

KB Class KI† ClassPSA Prepayment Assumption PSA Prepayment Assumption

Date 0% 100% 150% 250% 300% 600% 900% 1300% 0% 100% 150% 250% 300% 600% 900% 1300%

Initial Percent . . . . . . . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100September 2010 . . . . . . . . 100 100 100 100 100 100 100 100 99 92 88 88 88 88 68 40September 2011 . . . . . . . . 100 100 100 100 100 100 100 100 98 83 76 76 76 56 31 9September 2012 . . . . . . . . 100 100 100 100 100 100 100 100 97 74 65 65 65 35 14 2September 2013 . . . . . . . . 100 100 100 100 100 100 100 81 95 66 55 55 55 22 6 *September 2014 . . . . . . . . 100 100 100 100 100 100 100 18 94 59 46 46 46 14 3 *September 2015 . . . . . . . . 100 100 100 100 100 100 100 4 93 52 37 37 37 9 1 *September 2016 . . . . . . . . 100 100 100 100 100 100 100 1 91 45 30 30 30 5 1 *September 2017 . . . . . . . . 100 100 100 100 100 100 52 * 89 39 24 24 24 3 * *September 2018 . . . . . . . . 100 100 100 100 100 100 23 * 87 33 19 19 19 2 * *September 2019 . . . . . . . . 100 100 100 100 100 100 10 * 85 27 15 15 15 1 * *September 2020 . . . . . . . . 100 100 100 100 100 100 5 * 83 22 12 12 12 1 * *September 2021 . . . . . . . . 100 100 100 100 100 100 2 * 80 17 10 10 10 1 * *September 2022 . . . . . . . . 100 100 100 100 100 63 1 * 77 13 8 8 8 * * 0September 2023 . . . . . . . . 100 100 100 100 100 39 * * 74 8 6 6 6 * * 0September 2024 . . . . . . . . 100 100 100 100 100 24 * * 71 5 5 5 5 * * 0September 2025 . . . . . . . . 100 100 100 100 100 14 * 0 68 4 4 4 4 * * 0September 2026 . . . . . . . . 100 100 100 100 100 9 * 0 64 3 3 3 3 * * 0September 2027 . . . . . . . . 100 100 100 100 100 5 * 0 60 2 2 2 2 * * 0September 2028 . . . . . . . . 100 100 100 100 100 3 * 0 55 2 2 2 2 * * 0September 2029 . . . . . . . . 100 100 100 100 100 2 * 0 50 1 1 1 1 * * 0September 2030 . . . . . . . . 100 100 100 100 100 1 * 0 45 1 1 1 1 * * 0September 2031 . . . . . . . . 100 100 100 100 100 1 * 0 39 1 1 1 1 * * 0September 2032 . . . . . . . . 100 93 93 93 93 * * 0 32 * * * * * 0 0September 2033 . . . . . . . . 100 63 63 63 63 * * 0 25 * * * * * 0 0September 2034 . . . . . . . . 100 39 39 39 39 * * 0 18 * * * * * 0 0September 2035 . . . . . . . . 100 22 22 22 22 * * 0 10 * * * * * 0 0September 2036 . . . . . . . . 100 9 9 9 9 * * 0 1 * * * * * 0 0September 2037 . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0September 2038 . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0September 2039 . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Weighted Average

Life (years)** . . . . . . . . 27.1 24.8 24.8 24.8 24.8 14.1 8.5 4.5 18.3 7.0 5.6 5.6 5.6 2.9 1.8 1.1



outstanding.

S-23

KM Class KN ClassPSA Prepayment Assumption PSA Prepayment Assumption

Date 0% 100% 150% 250% 300% 600% 900% 1300% 0% 100% 150% 250% 300% 600% 900% 1300%

Initial Percent . . . . . . . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100September 2010 . . . . . . . . 100 100 100 60 39 0 0 0 100 100 100 100 100 4 0 0September 2011 . . . . . . . . 100 100 100 24 0 0 0 0 100 100 100 100 86 0 0 0September 2012 . . . . . . . . 100 100 100 0 0 0 0 0 100 100 100 99 46 0 0 0September 2013 . . . . . . . . 100 100 100 0 0 0 0 0 100 100 100 79 20 0 0 0September 2014 . . . . . . . . 100 100 100 0 0 0 0 0 100 100 100 67 6 0 0 0September 2015 . . . . . . . . 100 100 100 0 0 0 0 0 100 100 100 60 * 0 0 0September 2016 . . . . . . . . 100 100 99 0 0 0 0 0 100 100 100 58 * 0 0 0September 2017 . . . . . . . . 100 100 94 0 0 0 0 0 100 100 100 54 * 0 0 0September 2018 . . . . . . . . 100 100 86 0 0 0 0 0 100 100 100 49 * 0 0 0September 2019 . . . . . . . . 100 100 76 0 0 0 0 0 100 100 100 45 * 0 0 0September 2020 . . . . . . . . 100 100 65 0 0 0 0 0 100 100 100 40 * 0 0 0September 2021 . . . . . . . . 100 100 53 0 0 0 0 0 100 100 100 35 * 0 0 0September 2022 . . . . . . . . 100 100 41 0 0 0 0 0 100 100 100 31 * 0 0 0September 2023 . . . . . . . . 100 100 29 0 0 0 0 0 100 100 100 27 * 0 0 0September 2024 . . . . . . . . 100 98 17 0 0 0 0 0 100 100 100 23 * 0 0 0September 2025 . . . . . . . . 100 81 5 0 0 0 0 0 100 100 100 19 * 0 0 0September 2026 . . . . . . . . 100 65 0 0 0 0 0 0 100 100 93 16 * 0 0 0September 2027 . . . . . . . . 100 48 0 0 0 0 0 0 100 100 81 13 * 0 0 0September 2028 . . . . . . . . 100 32 0 0 0 0 0 0 100 100 69 11 * 0 0 0September 2029 . . . . . . . . 100 17 0 0 0 0 0 0 100 100 59 9 * 0 0 0September 2030 . . . . . . . . 100 2 0 0 0 0 0 0 100 100 49 7 * 0 0 0September 2031 . . . . . . . . 100 0 0 0 0 0 0 0 100 85 40 5 * 0 0 0September 2032 . . . . . . . . 100 0 0 0 0 0 0 0 100 69 31 4 * 0 0 0September 2033 . . . . . . . . 100 0 0 0 0 0 0 0 100 54 24 3 * 0 0 0September 2034 . . . . . . . . 100 0 0 0 0 0 0 0 100 39 17 2 * 0 0 0September 2035 . . . . . . . . 100 0 0 0 0 0 0 0 100 25 10 1 * 0 0 0September 2036 . . . . . . . . 100 0 0 0 0 0 0 0 100 12 5 * * 0 0 0September 2037 . . . . . . . . 46 0 0 0 0 0 0 0 100 0 0 0 0 0 0 0September 2038 . . . . . . . . 0 0 0 0 0 0 0 0 80 0 0 0 0 0 0 0September 2039 . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Weighted Average

Life (years)** . . . . . . . . 27.9 18.0 12.2 1.4 0.9 0.3 0.2 0.1 29.4 24.4 21.3 10.1 3.1 0.8 0.5 0.3

KT Class FD ClassPSA Prepayment Assumption PSA Prepayment Assumption

Date 0% 100% 150% 250% 300% 600% 900% 1300% 0% 100% 300% 335% 400% 700% 1000%

Initial Percent . . . . . . . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100September 2010 . . . . . . . . 100 100 100 78 67 2 0 0 99 94 84 82 79 64 49September 2011 . . . . . . . . 100 100 100 59 40 0 0 0 99 87 68 65 60 37 20September 2012 . . . . . . . . 100 100 100 46 21 0 0 0 98 81 55 51 45 21 8September 2013 . . . . . . . . 100 100 100 37 9 0 0 0 97 75 44 40 33 12 3September 2014 . . . . . . . . 100 100 100 31 3 0 0 0 96 69 36 32 25 7 1September 2015 . . . . . . . . 100 100 100 28 * 0 0 0 95 64 29 25 19 4 *September 2016 . . . . . . . . 100 100 99 27 * 0 0 0 94 59 23 19 14 2 *September 2017 . . . . . . . . 100 100 97 25 * 0 0 0 92 54 19 15 10 1 *September 2018 . . . . . . . . 100 100 93 23 * 0 0 0 91 50 15 12 8 1 *September 2019 . . . . . . . . 100 100 87 21 * 0 0 0 89 45 12 9 6 * *September 2020 . . . . . . . . 100 100 81 18 * 0 0 0 88 41 9 7 4 * *September 2021 . . . . . . . . 100 100 75 16 * 0 0 0 86 38 8 6 3 * *September 2022 . . . . . . . . 100 100 68 14 * 0 0 0 84 34 6 4 2 * *September 2023 . . . . . . . . 100 100 62 12 * 0 0 0 82 31 5 3 2 * *September 2024 . . . . . . . . 100 99 55 11 * 0 0 0 79 28 4 3 1 * *September 2025 . . . . . . . . 100 90 49 9 * 0 0 0 77 25 3 2 1 * *September 2026 . . . . . . . . 100 81 43 7 * 0 0 0 74 22 2 1 1 * *September 2027 . . . . . . . . 100 72 37 6 * 0 0 0 71 19 2 1 * * *September 2028 . . . . . . . . 100 64 32 5 * 0 0 0 67 17 1 1 * * *September 2029 . . . . . . . . 100 55 27 4 * 0 0 0 64 15 1 1 * * 0September 2030 . . . . . . . . 100 47 23 3 * 0 0 0 59 12 1 * * * 0September 2031 . . . . . . . . 100 40 18 3 * 0 0 0 55 10 1 * * * 0September 2032 . . . . . . . . 100 32 14 2 * 0 0 0 50 8 * * * * 0September 2033 . . . . . . . . 100 25 11 1 * 0 0 0 45 6 * * * * 0September 2034 . . . . . . . . 100 18 8 1 * 0 0 0 39 5 * * * * 0September 2035 . . . . . . . . 100 12 5 1 * 0 0 0 32 3 * * * * 0September 2036 . . . . . . . . 100 5 2 * * 0 0 0 25 1 * * * * 0September 2037 . . . . . . . . 71 0 0 0 0 0 0 0 18 1 * * * * 0September 2038 . . . . . . . . 37 0 0 0 0 0 0 0 9 0 0 0 0 0 0September 2039 . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Weighted Average

Life (years)** . . . . . . . . 28.6 20.9 16.4 5.4 1.9 0.5 0.3 0.2 21.1 10.5 4.8 4.3 3.6 2.0 1.3


Distribution Dates” in the REMIC Prospectus.

S-24

OS† Class XS† Class DJ, DL, DI† and DM ClassesPSA Prepayment Assumption PSA Prepayment Assumption PSA Prepayment Assumption

Date 0% 100% 300% 335% 400% 700% 1000% 0% 100% 300% 335% 400% 700% 1000% 0% 100% 300% 335% 400% 700% 1000%

Initial Percent . . . . . . . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100September 2010 . . . . . . . . 99 93 81 79 75 57 39 99 95 88 87 84 73 62 99 93 81 81 81 70 53September 2011 . . . . . . . . 99 86 65 62 56 33 16 99 89 72 69 64 43 26 98 85 62 62 62 38 18September 2012 . . . . . . . . 98 80 53 49 42 19 6 98 82 58 54 48 25 10 97 77 47 47 47 20 4September 2013 . . . . . . . . 97 74 43 38 31 11 2 97 76 47 43 36 14 4 96 70 34 34 34 9 0September 2014 . . . . . . . . 96 68 34 30 23 6 1 96 71 38 34 27 8 2 95 63 24 24 24 3 0September 2015 . . . . . . . . 95 63 28 24 18 3 * 95 65 31 27 20 5 1 94 57 16 16 16 0 0September 2016 . . . . . . . . 94 58 22 18 13 2 * 94 60 25 21 15 3 * 92 51 11 11 11 0 0September 2017 . . . . . . . . 92 53 18 14 10 1 * 92 55 20 16 11 1 * 91 45 7 7 7 0 0September 2018 . . . . . . . . 91 48 14 11 7 1 * 91 51 16 13 8 1 * 89 40 3 3 3 0 0September 2019 . . . . . . . . 89 44 11 9 5 * * 89 47 13 10 6 * * 87 35 1 1 1 0 0September 2020 . . . . . . . . 88 40 9 7 4 * * 88 43 10 8 5 * * 85 30 0 0 0 0 0September 2021 . . . . . . . . 86 37 7 5 3 * * 86 39 8 6 3 * * 83 26 0 0 0 0 0September 2022 . . . . . . . . 84 33 6 4 2 * * 84 36 6 5 2 * * 81 22 0 0 0 0 0September 2023 . . . . . . . . 82 30 4 3 2 * * 82 32 5 4 2 * * 78 18 0 0 0 0 0September 2024 . . . . . . . . 79 27 3 2 1 * * 79 29 4 3 1 * * 75 14 0 0 0 0 0September 2025 . . . . . . . . 77 24 3 2 1 * * 77 26 3 2 1 * * 72 11 0 0 0 0 0September 2026 . . . . . . . . 74 21 2 1 1 * * 74 23 2 2 1 * * 69 7 0 0 0 0 0September 2027 . . . . . . . . 71 18 2 1 * * * 71 21 2 1 1 * * 65 4 0 0 0 0 0September 2028 . . . . . . . . 67 16 1 1 * * * 67 18 1 1 * * * 61 1 0 0 0 0 0September 2029 . . . . . . . . 64 14 1 1 * * 0 64 16 1 1 * * 0 57 0 0 0 0 0 0September 2030 . . . . . . . . 59 11 1 * * * 0 59 14 1 * * * 0 52 0 0 0 0 0 0September 2031 . . . . . . . . 55 9 * * * * 0 55 12 1 * * * 0 46 0 0 0 0 0 0September 2032 . . . . . . . . 50 7 * * * * 0 50 10 * * * * 0 41 0 0 0 0 0 0September 2033 . . . . . . . . 45 5 * * * * 0 45 8 * * * * 0 34 0 0 0 0 0 0September 2034 . . . . . . . . 39 4 * * * * 0 39 6 * * * * 0 27 0 0 0 0 0 0September 2035 . . . . . . . . 32 2 * * * * 0 32 4 * * * * 0 20 0 0 0 0 0 0September 2036 . . . . . . . . 25 * * * * 0 0 25 3 * * * * 0 11 0 0 0 0 0 0September 2037 . . . . . . . . 18 0 0 0 0 0 0 18 1 * * * * 0 2 0 0 0 0 0 0September 2038 . . . . . . . . 9 0 0 0 0 0 0 9 0 0 0 0 0 0 0 0 0 0 0 0 0September 2039 . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Weighted Average

Life (years)** . . . . . . . . 21.1 10.2 4.6 4.1 3.5 1.8 1.1 21.1 10.9 5.1 4.6 3.9 2.2 1.5 19.5 8.0 3.4 3.4 3.4 1.9 1.3

DN Class DQ Class DR ClassPSA Prepayment Assumption PSA Prepayment Assumption PSA Prepayment Assumption

Date 0% 100% 300% 335% 400% 700% 1000% 0% 100% 300% 335% 400% 700% 1000% 0% 100% 300% 335% 400% 700% 1000%

Initial Percent . . . . . . . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100September 2010 . . . . . . . . 100 100 100 100 100 100 100 100 100 100 79 39 0 0 100 100 100 100 100 0 0September 2011 . . . . . . . . 100 100 100 100 100 100 100 100 100 100 62 0 0 0 100 100 100 100 85 0 0September 2012 . . . . . . . . 100 100 100 100 100 100 100 100 100 100 53 0 0 0 100 100 100 100 21 0 0September 2013 . . . . . . . . 100 100 100 100 100 100 65 100 100 100 49 0 0 0 100 100 100 100 1 0 0September 2014 . . . . . . . . 100 100 100 100 100 100 25 100 100 98 46 0 0 0 100 100 100 100 * 0 0September 2015 . . . . . . . . 100 100 100 100 100 82 10 100 100 90 40 0 0 0 100 100 100 100 * 0 0September 2016 . . . . . . . . 100 100 100 100 100 47 4 100 100 78 32 0 0 0 100 100 100 100 * 0 0September 2017 . . . . . . . . 100 100 100 100 100 27 2 100 100 66 24 0 0 0 100 100 100 100 * 0 0September 2018 . . . . . . . . 100 100 100 100 100 15 1 100 100 53 15 0 0 0 100 100 100 100 * 0 0September 2019 . . . . . . . . 100 100 100 100 100 8 * 100 100 40 8 0 0 0 100 100 100 100 * 0 0September 2020 . . . . . . . . 100 100 87 87 87 5 * 100 100 29 * 0 0 0 100 100 100 100 * 0 0September 2021 . . . . . . . . 100 100 64 64 64 3 * 100 100 18 0 0 0 0 100 100 100 83 * 0 0September 2022 . . . . . . . . 100 100 47 47 47 2 * 100 100 9 0 0 0 0 100 100 100 68 * 0 0September 2023 . . . . . . . . 100 100 34 34 34 1 * 100 100 1 0 0 0 0 100 100 100 55 * 0 0September 2024 . . . . . . . . 100 100 25 25 25 * * 100 100 0 0 0 0 0 100 100 84 44 * 0 0September 2025 . . . . . . . . 100 100 18 18 18 * * 100 100 0 0 0 0 0 100 100 68 35 * 0 0September 2026 . . . . . . . . 100 100 13 13 13 * * 100 100 0 0 0 0 0 100 100 54 28 * 0 0September 2027 . . . . . . . . 100 100 9 9 9 * * 100 100 0 0 0 0 0 100 100 43 21 * 0 0September 2028 . . . . . . . . 100 100 7 7 7 * * 100 100 0 0 0 0 0 100 100 33 16 * 0 0September 2029 . . . . . . . . 100 72 5 5 5 * * 100 100 0 0 0 0 0 100 100 26 12 * 0 0September 2030 . . . . . . . . 100 26 3 3 3 * * 100 100 0 0 0 0 0 100 100 19 9 * 0 0September 2031 . . . . . . . . 100 2 2 2 2 * * 100 88 0 0 0 0 0 100 100 14 7 * 0 0September 2032 . . . . . . . . 100 1 1 1 1 * 0 100 65 0 0 0 0 0 100 100 10 5 * 0 0September 2033 . . . . . . . . 100 1 1 1 1 * 0 100 42 0 0 0 0 0 100 100 7 3 * 0 0September 2034 . . . . . . . . 100 1 1 1 1 * 0 100 21 0 0 0 0 0 100 100 5 2 * 0 0September 2035 . . . . . . . . 100 * * * * * 0 100 1 0 0 0 0 0 100 100 3 1 * 0 0September 2036 . . . . . . . . 100 * * * * * 0 100 0 0 0 0 0 0 100 49 1 * * 0 0September 2037 . . . . . . . . 100 * * * * * 0 100 0 0 0 0 0 0 100 20 * * * 0 0September 2038 . . . . . . . . 0 0 0 0 0 0 0 76 0 0 0 0 0 0 100 0 0 0 0 0 0September 2039 . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Weighted Average

Life (years)** . . . . . . . . 28.5 20.6 13.7 13.7 13.7 7.4 4.6 29.3 23.7 9.3 4.6 0.9 0.2 0.1 29.9 27.2 18.2 15.4 2.6 0.5 0.2



outstanding.

S-25

DU Class YF and YS† Classes VA, VW, VI† and VD ClassesPSA Prepayment Assumption PSA Prepayment Assumption PSA Prepayment Assumption

Date 0% 100% 300% 335% 400% 700% 1000% 0% 100% 300% 335% 450% 725% 1000% 0% 100% 300% 335% 450% 725% 1000%

Initial Percent . . . . . . . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100September 2010 . . . . . . . . 100 100 100 84 55 0 0 99 94 85 83 78 65 52 99 93 81 81 81 76 59September 2011 . . . . . . . . 100 100 100 72 22 0 0 98 87 69 66 56 36 20 98 84 60 60 60 39 19September 2012 . . . . . . . . 100 100 100 65 6 0 0 98 81 55 52 40 20 8 97 76 44 44 44 19 4September 2013 . . . . . . . . 100 100 100 63 * 0 0 97 75 45 41 29 11 3 96 68 30 30 30 8 0September 2014 . . . . . . . . 100 100 98 61 * 0 0 95 69 36 32 21 6 1 94 61 20 20 20 1 0September 2015 . . . . . . . . 100 100 92 56 * 0 0 94 64 29 25 15 3 * 93 54 12 12 12 0 0September 2016 . . . . . . . . 100 100 84 50 * 0 0 93 59 23 20 11 2 * 91 48 7 7 7 0 0September 2017 . . . . . . . . 100 100 75 44 * 0 0 92 54 19 15 8 1 * 90 42 3 3 3 0 0September 2018 . . . . . . . . 100 100 65 38 * 0 0 90 49 15 12 5 1 * 88 36 * * * 0 0September 2019 . . . . . . . . 100 100 56 32 * 0 0 89 45 12 9 4 * * 86 31 0 0 0 0 0September 2020 . . . . . . . . 100 100 48 27 * 0 0 87 41 9 7 3 * * 83 26 0 0 0 0 0September 2021 . . . . . . . . 100 100 40 22 * 0 0 85 37 8 6 2 * * 81 21 0 0 0 0 0September 2022 . . . . . . . . 100 100 33 18 * 0 0 83 34 6 4 1 * * 78 17 0 0 0 0 0September 2023 . . . . . . . . 100 100 27 15 * 0 0 81 31 5 3 1 * * 75 12 0 0 0 0 0September 2024 . . . . . . . . 100 100 22 12 * 0 0 78 27 4 2 1 * * 72 8 0 0 0 0 0September 2025 . . . . . . . . 100 100 18 9 * 0 0 75 25 3 2 * * * 69 5 0 0 0 0 0September 2026 . . . . . . . . 100 100 14 7 * 0 0 72 22 2 1 * * * 65 1 0 0 0 0 0September 2027 . . . . . . . . 100 100 11 6 * 0 0 69 19 2 1 * * * 61 0 0 0 0 0 0September 2028 . . . . . . . . 100 100 9 4 * 0 0 66 17 1 1 * * * 57 0 0 0 0 0 0September 2029 . . . . . . . . 100 100 7 3 * 0 0 62 14 1 1 * * 0 52 0 0 0 0 0 0September 2030 . . . . . . . . 100 100 5 2 * 0 0 58 12 1 * * * 0 47 0 0 0 0 0 0September 2031 . . . . . . . . 100 92 4 2 * 0 0 53 10 1 * * * 0 41 0 0 0 0 0 0September 2032 . . . . . . . . 100 74 3 1 * 0 0 49 8 * * * * 0 35 0 0 0 0 0 0September 2033 . . . . . . . . 100 58 2 1 * 0 0 43 7 * * * * 0 28 0 0 0 0 0 0September 2034 . . . . . . . . 100 42 1 1 * 0 0 37 5 * * * * 0 21 0 0 0 0 0 0September 2035 . . . . . . . . 100 27 1 * * 0 0 31 3 * * * * 0 13 0 0 0 0 0 0September 2036 . . . . . . . . 100 13 * * * 0 0 24 2 * * * * 0 4 0 0 0 0 0 0September 2037 . . . . . . . . 100 5 * * * 0 0 17 * * * * 0 0 0 0 0 0 0 0 0September 2038 . . . . . . . . 83 0 0 0 0 0 0 9 0 0 0 0 0 0 0 0 0 0 0 0 0September 2039 . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Weighted Average

Life (years)** . . . . . . . . 29.4 24.6 11.7 7.5 1.3 0.3 0.1 20.8 10.4 4.8 4.3 3.3 2.0 1.3 18.7 7.3 3.1 3.1 3.1 1.9 1.4

VB Class VX Class VY ClassPSA Prepayment Assumption PSA Prepayment Assumption PSA Prepayment Assumption

Date 0% 100% 300% 335% 450% 725% 1000% 0% 100% 300% 335% 450% 725% 1000% 0% 100% 300% 335% 450% 725% 1000%

Initial Percent . . . . . . . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100September 2010 . . . . . . . . 100 100 100 100 100 100 100 100 100 100 81 21 0 0 100 100 100 100 100 0 0September 2011 . . . . . . . . 100 100 100 100 100 100 100 100 100 100 65 0 0 0 100 100 100 100 46 0 0September 2012 . . . . . . . . 100 100 100 100 100 100 100 100 100 100 57 0 0 0 100 100 100 100 9 0 0September 2013 . . . . . . . . 100 100 100 100 100 100 63 100 100 100 53 0 0 0 100 100 100 100 * 0 0September 2014 . . . . . . . . 100 100 100 100 100 100 25 100 100 94 47 0 0 0 100 100 100 100 * 0 0September 2015 . . . . . . . . 100 100 100 100 100 68 10 100 100 81 36 0 0 0 100 100 100 100 * 0 0September 2016 . . . . . . . . 100 100 100 100 100 38 4 100 100 64 22 0 0 0 100 100 100 100 * 0 0September 2017 . . . . . . . . 100 100 100 100 100 21 1 100 100 47 8 0 0 0 100 100 100 100 * 0 0September 2018 . . . . . . . . 100 100 100 100 100 11 1 100 100 29 0 0 0 0 100 100 100 93 * 0 0September 2019 . . . . . . . . 100 100 76 76 76 6 * 100 100 13 0 0 0 0 100 100 100 78 * 0 0September 2020 . . . . . . . . 100 100 54 54 54 3 * 100 100 0 0 0 0 0 100 100 97 64 * 0 0September 2021 . . . . . . . . 100 100 38 38 38 2 * 100 100 0 0 0 0 0 100 100 80 52 * 0 0September 2022 . . . . . . . . 100 100 27 27 27 1 * 100 100 0 0 0 0 0 100 100 66 42 * 0 0September 2023 . . . . . . . . 100 100 19 19 19 1 * 100 100 0 0 0 0 0 100 100 54 33 * 0 0September 2024 . . . . . . . . 100 100 13 13 13 * * 100 100 0 0 0 0 0 100 100 43 26 * 0 0September 2025 . . . . . . . . 100 100 9 9 9 * * 100 100 0 0 0 0 0 100 100 34 21 * 0 0September 2026 . . . . . . . . 100 100 6 6 6 * * 100 100 0 0 0 0 0 100 100 27 16 * 0 0September 2027 . . . . . . . . 100 68 4 4 4 * * 100 100 0 0 0 0 0 100 100 21 12 * 0 0September 2028 . . . . . . . . 100 20 3 3 3 * * 100 100 0 0 0 0 0 100 100 16 9 * 0 0September 2029 . . . . . . . . 100 2 2 2 2 * * 100 84 0 0 0 0 0 100 100 13 7 * 0 0September 2030 . . . . . . . . 100 1 1 1 1 * * 100 60 0 0 0 0 0 100 100 9 5 * 0 0September 2031 . . . . . . . . 100 1 1 1 1 * * 100 37 0 0 0 0 0 100 100 7 4 * 0 0September 2032 . . . . . . . . 100 1 1 1 1 * 0 100 15 0 0 0 0 0 100 100 5 3 * 0 0September 2033 . . . . . . . . 100 * * * * * 0 100 0 0 0 0 0 0 100 93 3 2 * 0 0September 2034 . . . . . . . . 100 * * * * * 0 100 0 0 0 0 0 0 100 69 2 1 * 0 0September 2035 . . . . . . . . 100 * * * * * 0 100 0 0 0 0 0 0 100 46 1 1 * 0 0September 2036 . . . . . . . . 100 * * * * * 0 100 0 0 0 0 0 0 100 24 1 * * 0 0September 2037 . . . . . . . . 23 * * * * * 0 100 0 0 0 0 0 0 100 3 * * * 0 0September 2038 . . . . . . . . 0 0 0 0 0 0 0 21 0 0 0 0 0 0 100 0 0 0 0 0 0September 2039 . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0Weighted Average

Life (years)** . . . . . . . . 27.8 18.5 12.1 12.1 12.1 7.1 4.6 28.7 21.5 7.8 4.2 0.7 0.3 0.2 29.6 25.9 15.3 13.2 2.1 0.7 0.4



outstanding.

S-26

VT ClassPSA Prepayment Assumption

Date 0% 100% 300% 335% 450% 725% 1000%

Initial Percent . . . . . . . . . 100 100 100 100 100 100 100September 2010 . . . . . . . . 100 100 100 90 56 0 0September 2011 . . . . . . . . 100 100 100 81 20 0 0September 2012 . . . . . . . . 100 100 100 76 4 0 0September 2013 . . . . . . . . 100 100 100 74 * 0 0September 2014 . . . . . . . . 100 100 97 70 * 0 0September 2015 . . . . . . . . 100 100 89 64 * 0 0September 2016 . . . . . . . . 100 100 80 56 * 0 0September 2017 . . . . . . . . 100 100 70 49 * 0 0September 2018 . . . . . . . . 100 100 60 41 * 0 0September 2019 . . . . . . . . 100 100 51 34 * 0 0September 2020 . . . . . . . . 100 100 43 28 * 0 0September 2021 . . . . . . . . 100 100 35 23 * 0 0September 2022 . . . . . . . . 100 100 29 18 * 0 0September 2023 . . . . . . . . 100 100 24 15 * 0 0September 2024 . . . . . . . . 100 100 19 12 * 0 0September 2025 . . . . . . . . 100 100 15 9 * 0 0September 2026 . . . . . . . . 100 100 12 7 * 0 0September 2027 . . . . . . . . 100 100 9 5 * 0 0September 2028 . . . . . . . . 100 100 7 4 * 0 0September 2029 . . . . . . . . 100 91 6 3 * 0 0September 2030 . . . . . . . . 100 78 4 2 * 0 0September 2031 . . . . . . . . 100 65 3 2 * 0 0September 2032 . . . . . . . . 100 53 2 1 * 0 0September 2033 . . . . . . . . 100 41 2 1 * 0 0September 2034 . . . . . . . . 100 30 1 * * 0 0September 2035 . . . . . . . . 100 20 1 * * 0 0September 2036 . . . . . . . . 100 11 * * * 0 0September 2037 . . . . . . . . 100 1 * * * 0 0September 2038 . . . . . . . . 56 0 0 0 0 0 0September 2039 . . . . . . . . 0 0 0 0 0 0 0Weighted Average

Life (years)** . . . . . . . . 29.1 23.4 11.1 8.2 1.3 0.4 0.3


Distribution Dates” in the REMIC Prospectus.

Characteristics of the Residual ClassesA Residual Certificate will be subject to certain transfer restrictions. See “Description of the

Certificates—Special Characteristics of the Residual Certificates” and “Material Federal IncomeTax Consequences—Taxation of Beneficial Owners of Residual Certificates” in the REMIC Pro-spectus.

Treasury Department regulations (the “Regulations”) provide that a transfer of a“noneconomic residual interest” will be disregarded for all federal tax purposes unless no sig-nificant purpose of the transfer is to impede the assessment or collection of tax. A ResidualCertificate will constitute a noneconomic residual interest under the Regulations. Having a sig-nificant purpose to impede the assessment or collection of tax means that the transferor of aResidual Certificate had “improper knowledge” at the time of the transfer. See “Description of theCertificates—Special Characteristics of the Residual Certificates” in the REMIC Prospectus. Youshould consult your own tax advisor regarding the application of the Regulations to a transfer of aResidual Certificate.

CERTAIN ADDITIONAL FEDERAL INCOME TAX CONSEQUENCESThe Certificates and payments on the Certificates are not generally exempt from taxation.

Therefore, you should consider the tax consequences of holding a Certificate before you acquireone. The following tax discussion supplements the discussion under the caption “Material FederalIncome Tax Consequences” in the REMIC Prospectus. When read together, the two discussionsdescribe the current federal income tax treatment of beneficial owners of Certificates. These twotax discussions do not purport to deal with all federal tax consequences applicable to all categoriesof beneficial owners, some of which may be subject to special rules. In addition, these discussionsmay not apply to your particular circumstances for one of the reasons explained in the REMICProspectus. You should consult your own tax advisors regarding the federal income tax con-sequences of holding and disposing of Certificates as well as any tax consequences arising underthe laws of any state, local or foreign taxing jurisdiction.

S-27

U.S. Treasury Circular 230 Notice

The tax discussions contained in the REMIC Prospectus (including the sections entitled“Material Federal Income Tax Consequences” and “ERISA Considerations”) and this prospectussupplement were not intended or written to be used, and cannot be used, for the purpose of avoid-ing United States federal tax penalties. These discussions were written to support the promotionor marketing of the transactions or matters addressed in this prospectus supplement. You shouldseek advice based on your particular circumstances from an independent tax advisor.

REMIC Elections and Special Tax Attributes

We will make a REMIC election with respect to each REMIC set forth in the table under“Description of the Certificates—General—Structure.” The Regular Classes will be designated as“regular interests” and the Residual Classes will be designated as the “residual interests” in theREMICs as set forth in that table. Thus, the REMIC Certificates and any related RCR Certificatesgenerally will be treated as “regular or residual interests in a REMIC” for domestic building andloan associations, as “real estate assets” for real estate investment trusts, and, except for theResidual Classes, as “qualified mortgages” for other REMICs. See “Material Federal Income TaxConsequences—REMIC Election and Special Tax Attributes” in the REMIC Prospectus.

Taxation of Beneficial Owners of Regular Certificates

The Notional Classes will be issued with original issue discount (“OID”), and certain otherClasses of REMIC Certificates may be issued with OID. If a Class is issued with OID, a beneficialowner of a Certificate of that Class generally must recognize some taxable income in advance ofthe receipt of the cash attributable to that income. See “Material Federal Income Tax Con-sequences—Taxation of Beneficial Owners of Regular Certificates—Treatment of Original IssueDiscount” in the REMIC Prospectus. In addition, certain Classes of REMIC Certificates may betreated as having been issued at a premium. See “Material Federal Income Tax Consequences—Taxation of Beneficial Owners of Regular Certificates—Regular Certificates Purchased at a Pre-mium” in the REMIC Prospectus.

The Prepayment Assumptions that will be used in determining the rate of accrual of OID willbe as follows:

Group Prepayment Assumption

1 248% PSA2 200% PSA3 299% PSA4 250% PSA5 335% PSA6 335% PSA

See “Material Federal Income Tax Consequences—Taxation of Beneficial Owners of Regular Cer-tificates—Treatment of Original Issue Discount” in the REMIC Prospectus. No representation ismade as to whether the Mortgage Loans underlying the MBS will prepay at any of those rates orany other rate. See “Description of the Certificates—Weighted Average Lives of the Certificates”in this prospectus supplement and “Yield, Maturity and Prepayment Considerations—WeightedAverage Lives and Final Distribution Dates” in the REMIC Prospectus.

Taxation of Beneficial Owners of Residual Certificates

The Holder of a Residual Certificate will be considered to be the holder of the “residual inter-est” in the related REMIC. Such Holder generally will be required to report its daily portion of thetaxable income or net loss of the REMIC to which that Certificate relates. In certain periods, a

S-28

Holder of a Residual Certificate may be required to recognize taxable income without being enti-tled to receive a corresponding amount of cash. Pursuant to the Trust Agreement, we will be obli-gated to provide to the Holder of a Residual Certificate (i) information necessary to enable it toprepare its federal income tax returns and (ii) any reports regarding the Residual Class that maybe required under the Code. See “Material Federal Income Tax Consequences—Taxation ofBeneficial Owners of Residual Certificates” in the REMIC Prospectus.

Taxation of Beneficial Owners of RCR Certificates

The RCR Classes will be created, sold and administered pursuant to an arrangement that willbe classified as a grantor trust under subpart E, part I of subchapter J of the Code. The RegularCertificates that are exchanged for RCR Certificates set forth in Schedule 1 (including anyexchanges effective on the Settlement Date) will be the assets of the trust, and the RCR Certifi-cates will represent an ownership interest of the underlying Regular Certificates. For a generaldiscussion of the federal income tax treatment of beneficial owners of Regular Certificates, see“Material Federal Income Tax Consequences” in the REMIC Prospectus.

Generally, the ownership interest represented by an RCR certificate will be one of two types.A certificate of a Strip RCR Class (a “Strip RCR Certificate”) will represent the right to receive adisproportionate part of the principal or interest payments on one or more underlying RegularCertificates. A certificate of a Combination RCR Class (a “Combination RCR Certificate”) willrepresent beneficial ownership of undivided interests in two or more underlying Regular Certifi-cates. The TC, TJ, KT, DU and VT Classes are Combination RCR Certificates. All of the otherClasses of RCR Certificates are Strip RCR Certificates. See “Material Federal Income Tax Con-sequences—Taxation of Beneficial Owners of RCR Certificates” in the REMIC Prospectus for ageneral discussion of the federal income tax treatment of beneficial owners of RCR Certificates.

PLAN OF DISTRIBUTION

We are obligated to deliver the Certificates to Goldman Sachs & Co. (the “Dealer”) inexchange for the MBS. The Dealer proposes to offer the Certificates directly to the public fromtime to time in negotiated transactions at varying prices to be determined at the time of sale. TheDealer may effect these transactions to or through other dealers.

LEGAL MATTERS

Sidley Austin LLP will provide legal representation for Fannie Mae. Cleary Gottlieb Steen &Hamilton LLP will provide legal representation for the Dealer.

S-29

Schedule 1

Available Recombinations(1)

REMIC Certificates RCR Certificates

ClassesOriginalBalances

RCRClasses

OriginalBalances

PrincipalType(2)

InterestRate

InterestType(2)

CUSIPNumber

FinalDistribution Date

Recombination 1A $ 69,000,000 NG $ 69,000,000 PT 3.50% FIX 31398FMD0 August 2019

NI 15,333,333(3) NTL 4.50 FIX/IO 31398FMH1 August 2019Recombination 2

A69,000,000 NH 69,000,000 PT 3.75 FIX 31398FME8

August 2019


A 69,000,000 NJ 69,000,000 PT 4.00 FIX 31398FMF5 August 2019NI 7,666,666(3) NTL 4.50 FIX/IO 31398FMH1 August 2019

Recombination 4A 69,000,000 NK 69,000,000 PT 4.25 FIX 31398FMG3 August 2019


BQ 81,042,481 TD 81,042,481 PAC 3.50 FIX 31398FMK4 June 2039TI 16,208,496(3) NTL 5.00 FIX/IO 31398FMM0 June 2039

Recombination 6BQ 81,042,481 TE 81,042,481 PAC 4.00 FIX 31398FML2 June 2039

TI 8,104,248(3) NTL 5.00 FIX/IO 31398FMM0 June 2039Recombination 7

BM 162,084,963 TH 162,084,963 PAC 3.50 FIX 31398FMN8 June 2039IT 16,208,496(3) NTL 5.00 FIX/IO 31398FMP3 June 2039

Recombination 8TA 39,748,496 TC 49,230,255 SUP 5.00 FIX 31398FMJ7 October 2039TB 9,481,759

Recombination 9BQ 81,042,481 TJ 168,127,444 PAC 5.00 FIX 31398FMQ1 June 2039BM 87,084,963IB 25,521,240(3)

Recombination 10J 174,000,000 LA 174,000,000 PT 3.00 FIX 31398FMR9 September 2019

LI 69,600,000(3) NTL 5.00 FIX/IO 31398FMZ1 September 2019

A-1



RCRClasses

OriginalBalances

PrincipalType(2)

InterestRate

InterestType(2)

CUSIPNumber

FinalDistribution Date

Recombination 11J $174,000,000 LB $174,000,000 PT 3.25% FIX 31398FMS7 September 2019

LI 60,900,000(3) NTL 5.00 FIX/IO 31398FMZ1 September 2019Recombination 12

J 174,000,000 LC 174,000,000 PT 3.50 FIX 31398FMT5 September 2019LI 52,200,000(3) NTL 5.00 FIX/IO 31398FMZ1 September 2019

Recombination 13J 174,000,000 LD 174,000,000 PT 3.75 FIX 31398FMU2 September 2019


J 174,000,000 LE 174,000,000 PT 4.00 FIX 31398FMV0 September 2019LI 34,800,000(3) NTL 5.00 FIX/IO 31398FMZ1 September 2019

Recombination 15J 174,000,000 LG 174,000,000 PT 4.25 FIX 31398FMW8 September 2019


J 174,000,000 LH 174,000,000 PT 4.50 FIX 31398FMX6 September 2019LI 17,400,000(3) NTL 5.00 FIX/IO 31398FMZ1 September 2019

Recombination 17J 174,000,000 LJ 174,000,000 PT 4.75 FIX 31398FMY4 September 2019


KA 80,376,123 KC 80,376,123 PAC 3.00 FIX 31398FNA5 October 2039IK 13,396,020(3) NTL 6.00 FIX/IO 31398FNE7 October 2039

Recombination 19KA 80,376,123 KD 80,376,123 PAC 3.25 FIX 31398FNB3 October 2039

IK 10,047,015(3) NTL 6.00 FIX/IO 31398FNE7 October 2039Recombination 20

KA 80,376,123 KE 80,376,123 PAC 3.50 FIX 31398FNC1 October 2039IK 6,698,010(3) NTL 6.00 FIX/IO 31398FNE7 October 2039

Recombination 21KA 80,376,123 KH 80,376,123 PAC 3.75 FIX 31398FND9 October 2039

IK 3,349,005(3) NTL 6.00 FIX/IO 31398FNE7 October 2039

A-2



RCRClasses

OriginalBalances

PrincipalType(2)

InterestRate

InterestType(2)

CUSIPNumber

FinalDistribution

Date

Recombination 22KM $13,638,180 KT $25,375,468 SUP 4.50% FIX 31398FNF4 October 2039KN 11,737,288

Recombination 23DJ 73,500,074 DL 73,500,074 PAC 4.00 FIX 31398FNH0 March 2039

DI 11,307,703(3) NTL 6.50 FIX/IO 31398FNK3 March 2039Recombination 24

DJ 73,500,074 DM 73,500,074 PAC 4.50 FIX 31398FNJ6 March 2039DI 5,653,851(3) NTL 6.50 FIX/IO 31398FNK3 March 2039

Recombination 25DQ 7,137,864 DU 9,722,713 SUP 5.00 FIX 31398FNG2 October 2039DR 2,584,849

Recombination 26VA 81,221,789 VW 81,221,789 PAC 3.50 FIX 31398FNM9 February 2039

VI 13,536,964(3) NTL 6.00 FIX/IO 31398FNP2 February 2039Recombination 27

VA 81,221,789 VD 81,221,789 PAC 4.00 FIX 31398FNN7 February 2039VI 6,768,482(3) NTL 6.00 FIX/IO 31398FNP2 February 2039

Recombination 28VX 9,032,947 VT 16,161,405 SUP 4.50 FIX 31398FNL1 October 2039VY 7,128,458

(1) REMIC Certificates and RCR Certificates in each Recombination may be exchanged only in the proportions of original principal balances for the related Classes shown inthis Schedule 1 (disregarding any retired Classes). For example, if a particular Recombination includes two REMIC Classes and one RCR Class whose original principalbalances shown in the schedule reflect a 1:1:2 relationship, the same 1:1:2 relationship among the original principal balances of those REMIC and RCR Classes must bemaintained in any exchange. This is true even if, as a result of the applicable payment priority sequence, the relationship between their current principal balances haschanged over time. Moreover, if as a result of a proposed exchange, a Certificateholder would hold a REMIC Certificate or RCR Certificate of a Class in an amount less thanthe applicable minimum denomination for that Class, the Certificateholder will be unable to effect the proposed exchange. See “Description of the Certificates—General—Authorized Denominations” in this prospectus supplement.

(2) See “Description of the Certificates—Class Definitions and Abbreviations” in the REMIC Prospectus.(3) Notional balances. These Classes are Interest Only Classes. See page S-8 for a description of how their notional balances are calculated.

A-3

Principal Balance Schedules

Aggregate Group I Planned BalancesDistribution

DatePlannedBalance

Initial Balance . . . . . $250,769,745.00October 2009 . . . . . . . 247,929,516.33November 2009 . . . . . 245,113,127.30December 2009 . . . . . 242,320,386.03January 2010 . . . . . . 239,551,102.18February 2010 . . . . . . 236,805,086.91March 2010 . . . . . . . . 234,082,152.87April 2010 . . . . . . . . . 231,382,114.21May 2010 . . . . . . . . . . 228,704,786.53June 2010 . . . . . . . . . 226,049,986.90July 2010 . . . . . . . . . . 223,417,533.85August 2010 . . . . . . . 220,807,247.32September 2010 . . . . 218,218,948.72October 2010 . . . . . . . 215,652,460.82November 2010 . . . . . 213,107,607.84December 2010 . . . . . 210,584,215.36January 2011 . . . . . . 208,082,110.37February 2011 . . . . . . 205,601,121.22March 2011 . . . . . . . . 203,141,077.60April 2011 . . . . . . . . . 200,701,810.58May 2011 . . . . . . . . . . 198,283,152.55June 2011 . . . . . . . . . 195,884,937.24July 2011 . . . . . . . . . . 193,506,999.68August 2011 . . . . . . . 191,149,176.23September 2011 . . . . 188,811,304.53October 2011 . . . . . . . 186,493,223.52November 2011 . . . . . 184,194,773.40December 2011 . . . . . 181,915,795.66January 2012 . . . . . . 179,656,133.02February 2012 . . . . . . 177,415,629.47March 2012 . . . . . . . . 175,194,130.22April 2012 . . . . . . . . . 172,991,481.72May 2012 . . . . . . . . . . 170,807,531.63June 2012 . . . . . . . . . 168,642,128.82July 2012 . . . . . . . . . . 166,495,123.37August 2012 . . . . . . . 164,366,366.52September 2012 . . . . 162,255,710.73October 2012 . . . . . . . 160,163,009.59November 2012 . . . . . 158,088,117.88December 2012 . . . . . 156,030,891.51January 2013 . . . . . . 153,991,187.57February 2013 . . . . . . 151,968,864.23March 2013 . . . . . . . . 149,963,780.84April 2013 . . . . . . . . . 147,975,797.83May 2013 . . . . . . . . . . 146,004,776.75June 2013 . . . . . . . . . 144,050,580.24July 2013 . . . . . . . . . . 142,113,072.05August 2013 . . . . . . . 140,192,116.99September 2013 . . . . 138,287,580.95October 2013 . . . . . . . 136,399,330.90November 2013 . . . . . 134,527,234.85December 2013 . . . . . 132,671,161.85January 2014 . . . . . . 130,830,982.00February 2014 . . . . . . 129,006,566.45March 2014 . . . . . . . . 127,197,787.34April 2014 . . . . . . . . . 125,404,517.85May 2014 . . . . . . . . . . 123,626,632.15June 2014 . . . . . . . . . 121,864,005.42July 2014 . . . . . . . . . . 120,116,513.83

DistributionDate

PlannedBalance

August 2014 . . . . . . . $118,384,034.54September 2014 . . . . 116,666,445.67October 2014 . . . . . . . 114,963,626.31November 2014 . . . . . 113,275,456.53December 2014 . . . . . 111,601,817.34January 2015 . . . . . . 109,942,590.69February 2015 . . . . . . 108,297,659.47March 2015 . . . . . . . . 106,666,907.52April 2015 . . . . . . . . . 105,050,219.58May 2015 . . . . . . . . . . 103,447,481.31June 2015 . . . . . . . . . 101,858,579.29July 2015 . . . . . . . . . . 100,283,400.99August 2015 . . . . . . . 98,721,834.78September 2015 . . . . 97,173,769.93October 2015 . . . . . . . 95,639,096.56November 2015 . . . . . 94,117,705.69December 2015 . . . . . 92,609,489.20January 2016 . . . . . . 91,114,339.82February 2016 . . . . . . 89,641,102.46March 2016 . . . . . . . . 88,189,889.82April 2016 . . . . . . . . . 86,760,385.96May 2016 . . . . . . . . . . 85,352,279.35June 2016 . . . . . . . . . 83,965,262.85July 2016 . . . . . . . . . . 82,599,033.60August 2016 . . . . . . . 81,253,292.98September 2016 . . . . 79,927,746.58October 2016 . . . . . . . 78,622,104.11November 2016 . . . . . 77,336,079.34December 2016 . . . . . 76,069,390.07January 2017 . . . . . . 74,821,758.03February 2017 . . . . . . 73,592,908.91March 2017 . . . . . . . . 72,382,572.19April 2017 . . . . . . . . . 71,190,481.18May 2017 . . . . . . . . . . 70,016,372.94June 2017 . . . . . . . . . 68,859,988.21July 2017 . . . . . . . . . . 67,721,071.37August 2017 . . . . . . . 66,599,370.40September 2017 . . . . 65,494,636.82October 2017 . . . . . . . 64,406,625.65November 2017 . . . . . 63,335,095.33December 2017 . . . . . 62,279,807.73January 2018 . . . . . . 61,240,528.04February 2018 . . . . . . 60,217,024.78March 2018 . . . . . . . . 59,209,069.72April 2018 . . . . . . . . . 58,216,437.82May 2018 . . . . . . . . . . 57,238,907.25June 2018 . . . . . . . . . 56,276,259.27July 2018 . . . . . . . . . . 55,328,278.23August 2018 . . . . . . . 54,394,751.53September 2018 . . . . 53,475,469.56October 2018 . . . . . . . 52,570,225.65November 2018 . . . . . 51,678,816.07December 2018 . . . . . 50,801,039.95January 2019 . . . . . . 49,936,699.25February 2019 . . . . . . 49,085,598.73March 2019 . . . . . . . . 48,247,545.91April 2019 . . . . . . . . . 47,422,351.01May 2019 . . . . . . . . . . 46,609,826.95June 2019 . . . . . . . . . 45,809,789.29

DistributionDate

PlannedBalance

July 2019 . . . . . . . . . . $ 45,022,056.18August 2019 . . . . . . . 44,246,448.36September 2019 . . . . 43,482,789.09October 2019 . . . . . . . 42,730,904.13November 2019 . . . . . 41,990,621.71December 2019 . . . . . 41,261,772.49January 2020 . . . . . . 40,544,189.51February 2020 . . . . . . 39,837,708.21March 2020 . . . . . . . . 39,142,166.33April 2020 . . . . . . . . . 38,457,403.90May 2020 . . . . . . . . . . 37,783,263.24June 2020 . . . . . . . . . 37,119,588.90July 2020 . . . . . . . . . . 36,466,227.61August 2020 . . . . . . . 35,823,028.31September 2020 . . . . 35,189,842.06October 2020 . . . . . . . 34,566,522.03November 2020 . . . . . 33,952,923.48December 2020 . . . . . 33,348,903.72January 2021 . . . . . . 32,754,322.09February 2021 . . . . . . 32,169,039.92March 2021 . . . . . . . . 31,592,920.53April 2021 . . . . . . . . . 31,025,829.16May 2021 . . . . . . . . . . 30,467,632.98June 2021 . . . . . . . . . 29,918,201.02July 2021 . . . . . . . . . . 29,377,404.22August 2021 . . . . . . . 28,845,115.31September 2021 . . . . 28,321,208.86October 2021 . . . . . . . 27,805,561.21November 2021 . . . . . 27,298,050.47December 2021 . . . . . 26,798,556.49January 2022 . . . . . . 26,306,960.81February 2022 . . . . . . 25,823,146.68March 2022 . . . . . . . . 25,346,999.00April 2022 . . . . . . . . . 24,878,404.32May 2022 . . . . . . . . . . 24,417,250.81June 2022 . . . . . . . . . 23,963,428.23July 2022 . . . . . . . . . . 23,516,827.91August 2022 . . . . . . . 23,077,342.73September 2022 . . . . 22,644,867.12October 2022 . . . . . . . 22,219,296.99November 2022 . . . . . 21,800,529.76December 2022 . . . . . 21,388,464.30January 2023 . . . . . . 20,983,000.94February 2023 . . . . . . 20,584,041.43March 2023 . . . . . . . . 20,191,488.92April 2023 . . . . . . . . . 19,805,247.96May 2023 . . . . . . . . . . 19,425,224.44June 2023 . . . . . . . . . 19,051,325.63July 2023 . . . . . . . . . . 18,683,460.10August 2023 . . . . . . . 18,321,537.77September 2023 . . . . 17,965,469.80October 2023 . . . . . . . 17,615,168.66November 2023 . . . . . 17,270,548.07December 2023 . . . . . 16,931,522.98January 2024 . . . . . . 16,598,009.57February 2024 . . . . . . 16,269,925.21March 2024 . . . . . . . . 15,947,188.47April 2024 . . . . . . . . . 15,629,719.09May 2024 . . . . . . . . . . 15,317,437.96

B-1

Aggregate Group I (Continued)

DistributionDate

PlannedBalance

June 2024 . . . . . . . . . $ 15,010,267.10July 2024 . . . . . . . . . . 14,708,129.67August 2024 . . . . . . . 14,410,949.92September 2024 . . . . 14,118,653.20October 2024 . . . . . . . 13,831,165.92November 2024 . . . . . 13,548,415.58December 2024 . . . . . 13,270,330.70January 2025 . . . . . . 12,996,840.83February 2025 . . . . . . 12,727,876.55March 2025 . . . . . . . . 12,463,369.43April 2025 . . . . . . . . . 12,203,252.05May 2025 . . . . . . . . . . 11,947,457.92June 2025 . . . . . . . . . 11,695,921.56July 2025 . . . . . . . . . . 11,448,578.41August 2025 . . . . . . . 11,205,364.84September 2025 . . . . 10,966,218.14October 2025 . . . . . . . 10,731,076.53November 2025 . . . . . 10,499,879.11December 2025 . . . . . 10,272,565.85January 2026 . . . . . . 10,049,077.60February 2026 . . . . . . 9,829,356.07March 2026 . . . . . . . . 9,613,343.82April 2026 . . . . . . . . . 9,400,984.23May 2026 . . . . . . . . . . 9,192,221.50June 2026 . . . . . . . . . 8,987,000.66July 2026 . . . . . . . . . . 8,785,267.51August 2026 . . . . . . . 8,586,968.67September 2026 . . . . 8,392,051.50October 2026 . . . . . . . 8,200,464.17November 2026 . . . . . 8,012,155.55December 2026 . . . . . 7,827,075.30January 2027 . . . . . . 7,645,173.78February 2027 . . . . . . 7,466,402.10March 2027 . . . . . . . . 7,290,712.07April 2027 . . . . . . . . . 7,118,056.20May 2027 . . . . . . . . . . 6,948,387.70June 2027 . . . . . . . . . 6,781,660.44July 2027 . . . . . . . . . . 6,617,829.00August 2027 . . . . . . . 6,456,848.60

DistributionDate

PlannedBalance

September 2027 . . . . $ 6,298,675.12October 2027 . . . . . . . 6,143,265.08November 2027 . . . . . 5,990,575.65December 2027 . . . . . 5,840,564.60January 2028 . . . . . . 5,693,190.34February 2028 . . . . . . 5,548,411.90March 2028 . . . . . . . . 5,406,188.87April 2028 . . . . . . . . . 5,266,481.47May 2028 . . . . . . . . . . 5,129,250.48June 2028 . . . . . . . . . 4,994,457.28July 2028 . . . . . . . . . . 4,862,063.80August 2028 . . . . . . . 4,732,032.51September 2028 . . . . 4,604,326.48October 2028 . . . . . . . 4,478,909.28November 2028 . . . . . 4,355,745.04December 2028 . . . . . 4,234,798.40January 2029 . . . . . . 4,116,034.54February 2029 . . . . . . 3,999,419.13March 2029 . . . . . . . . 3,884,918.37April 2029 . . . . . . . . . 3,772,498.95May 2029 . . . . . . . . . . 3,662,128.03June 2029 . . . . . . . . . 3,553,773.30July 2029 . . . . . . . . . . 3,447,402.88August 2029 . . . . . . . 3,342,985.40September 2029 . . . . 3,240,489.91October 2029 . . . . . . . 3,139,885.97November 2029 . . . . . 3,041,143.55December 2029 . . . . . 2,944,233.08January 2030 . . . . . . 2,849,125.43February 2030 . . . . . . 2,755,791.90March 2030 . . . . . . . . 2,664,204.21April 2030 . . . . . . . . . 2,574,334.51May 2030 . . . . . . . . . . 2,486,155.36June 2030 . . . . . . . . . 2,399,639.71July 2030 . . . . . . . . . . 2,314,760.94August 2030 . . . . . . . 2,231,492.82September 2030 . . . . 2,149,809.49October 2030 . . . . . . . 2,069,685.50November 2030 . . . . . 1,991,095.76

DistributionDate

PlannedBalance

December 2030 . . . . . $ 1,914,015.58January 2031 . . . . . . 1,838,420.60February 2031 . . . . . . 1,764,286.85March 2031 . . . . . . . . 1,691,590.72April 2031 . . . . . . . . . 1,620,308.94May 2031 . . . . . . . . . . 1,550,418.60June 2031 . . . . . . . . . 1,481,897.12July 2031 . . . . . . . . . . 1,414,722.27August 2031 . . . . . . . 1,348,872.15September 2031 . . . . 1,284,325.17October 2031 . . . . . . . 1,221,060.10November 2031 . . . . . 1,159,056.00December 2031 . . . . . 1,098,292.26January 2032 . . . . . . 1,038,748.56February 2032 . . . . . . 980,404.91March 2032 . . . . . . . . 923,241.60April 2032 . . . . . . . . . 867,239.24May 2032 . . . . . . . . . . 812,378.70June 2032 . . . . . . . . . 758,641.18July 2032 . . . . . . . . . . 706,008.13August 2032 . . . . . . . 654,461.29September 2032 . . . . 603,982.68October 2032 . . . . . . . 554,554.58November 2032 . . . . . 506,159.56December 2032 . . . . . 458,780.44January 2033 . . . . . . 412,400.29February 2033 . . . . . . 367,002.47March 2033 . . . . . . . . 322,570.54April 2033 . . . . . . . . . 279,088.37May 2033 . . . . . . . . . . 236,540.03June 2033 . . . . . . . . . 194,909.85July 2033 . . . . . . . . . . 154,182.40August 2033 . . . . . . . 114,342.47September 2033 . . . . 75,375.12October 2033 . . . . . . . 37,265.58November 2033 and

thereafter . . . . . . . . 0.00

B-2

Aggregate Group II Planned Balances

DistributionDate

PlannedBalance

Initial Balance . . . . . . . $80,780,023.00October 2009 . . . . . . . . 80,096,944.13November 2009 . . . . . . 79,389,547.21December 2009 . . . . . . 78,658,286.86January 2010 . . . . . . . 77,903,635.51February 2010 . . . . . . . 77,126,082.95March 2010 . . . . . . . . . 76,326,135.78April 2010 . . . . . . . . . . 75,504,316.85May 2010 . . . . . . . . . . . 74,661,164.72June 2010 . . . . . . . . . . . 73,797,233.04July 2010 . . . . . . . . . . . 72,913,089.98August 2010 . . . . . . . . 72,036,119.50September 2010 . . . . . 71,166,264.86October 2010 . . . . . . . . 70,303,469.78November 2010 . . . . . . 69,447,678.40December 2010 . . . . . . 68,598,835.32January 2011 . . . . . . . 67,756,885.57February 2011 . . . . . . . 66,921,774.60March 2011 . . . . . . . . . 66,093,448.30April 2011 . . . . . . . . . . 65,271,852.97May 2011 . . . . . . . . . . . 64,456,935.36June 2011 . . . . . . . . . . . 63,648,642.61July 2011 . . . . . . . . . . . 62,846,922.29August 2011 . . . . . . . . 62,051,722.38September 2011 . . . . . 61,262,991.26October 2011 . . . . . . . . 60,480,677.73November 2011 . . . . . . 59,704,730.97December 2011 . . . . . . 58,935,100.59January 2012 . . . . . . . 58,171,736.57February 2012 . . . . . . . 57,414,589.29March 2012 . . . . . . . . . 56,663,609.53April 2012 . . . . . . . . . . 55,918,748.44May 2012 . . . . . . . . . . . 55,179,957.57June 2012 . . . . . . . . . . . 54,447,188.83July 2012 . . . . . . . . . . . 53,720,394.53August 2012 . . . . . . . . 52,999,527.35September 2012 . . . . . 52,284,540.32October 2012 . . . . . . . . 51,575,386.87November 2012 . . . . . . 50,872,020.78December 2012 . . . . . . 50,174,396.19January 2013 . . . . . . . 49,482,467.60February 2013 . . . . . . . 48,796,189.89March 2013 . . . . . . . . . 48,115,518.26April 2013 . . . . . . . . . . 47,440,408.29May 2013 . . . . . . . . . . . 46,770,815.88June 2013 . . . . . . . . . . . 46,106,697.32July 2013 . . . . . . . . . . . 45,448,009.20August 2013 . . . . . . . . 44,794,708.48September 2013 . . . . . 44,146,752.43October 2013 . . . . . . . . 43,504,098.69November 2013 . . . . . . 42,866,705.21December 2013 . . . . . . 42,234,530.27January 2014 . . . . . . . 41,607,532.50February 2014 . . . . . . . 40,985,670.82March 2014 . . . . . . . . . 40,368,904.51April 2014 . . . . . . . . . . 39,757,193.14May 2014 . . . . . . . . . . . 39,150,496.61June 2014 . . . . . . . . . . . 38,548,775.13July 2014 . . . . . . . . . . . 37,951,989.25August 2014 . . . . . . . . 37,360,099.78September 2014 . . . . . 36,773,067.89

DistributionDate

PlannedBalance

October 2014 . . . . . . . . $36,190,855.01November 2014 . . . . . . 35,613,422.91December 2014 . . . . . . 35,040,733.63January 2015 . . . . . . . 34,472,749.54February 2015 . . . . . . . 33,909,433.27March 2015 . . . . . . . . . 33,350,747.78April 2015 . . . . . . . . . . 32,796,656.29May 2015 . . . . . . . . . . . 32,247,122.33June 2015 . . . . . . . . . . . 31,702,109.71July 2015 . . . . . . . . . . . 31,161,582.51August 2015 . . . . . . . . 30,625,505.13September 2015 . . . . . 30,093,842.21October 2015 . . . . . . . . 29,566,558.69November 2015 . . . . . . 29,043,619.77December 2015 . . . . . . 28,524,990.95January 2016 . . . . . . . 28,010,637.97February 2016 . . . . . . . 27,503,270.87March 2016 . . . . . . . . . 27,004,750.47April 2016 . . . . . . . . . . 26,514,925.91May 2016 . . . . . . . . . . . 26,033,648.89June 2016 . . . . . . . . . . . 25,560,773.58July 2016 . . . . . . . . . . . 25,096,156.62August 2016 . . . . . . . . 24,639,657.06September 2016 . . . . . 24,191,136.32October 2016 . . . . . . . . 23,750,458.15November 2016 . . . . . . 23,317,488.60December 2016 . . . . . . 22,892,095.97January 2017 . . . . . . . 22,474,150.78February 2017 . . . . . . . 22,063,525.72March 2017 . . . . . . . . . 21,660,095.65April 2017 . . . . . . . . . . 21,263,737.50May 2017 . . . . . . . . . . . 20,874,330.32June 2017 . . . . . . . . . . . 20,491,755.17July 2017 . . . . . . . . . . . 20,115,895.11August 2017 . . . . . . . . 19,746,635.18September 2017 . . . . . 19,383,862.37October 2017 . . . . . . . . 19,027,465.55November 2017 . . . . . . 18,677,335.50December 2017 . . . . . . 18,333,364.80January 2018 . . . . . . . 17,995,447.88February 2018 . . . . . . . 17,663,480.93March 2018 . . . . . . . . . 17,337,361.89April 2018 . . . . . . . . . . 17,016,990.45May 2018 . . . . . . . . . . . 16,702,267.95June 2018 . . . . . . . . . . . 16,393,097.43July 2018 . . . . . . . . . . . 16,089,383.56August 2018 . . . . . . . . 15,791,032.62September 2018 . . . . . 15,497,952.47October 2018 . . . . . . . . 15,210,052.52November 2018 . . . . . . 14,927,243.73December 2018 . . . . . . 14,649,438.55January 2019 . . . . . . . 14,376,550.91February 2019 . . . . . . . 14,108,496.21March 2019 . . . . . . . . . 13,845,191.27April 2019 . . . . . . . . . . 13,586,554.31May 2019 . . . . . . . . . . . 13,332,504.94June 2019 . . . . . . . . . . . 13,082,964.14July 2019 . . . . . . . . . . . 12,837,854.23August 2019 . . . . . . . . 12,597,098.81September 2019 . . . . . 12,360,622.82October 2019 . . . . . . . . 12,128,352.44

DistributionDate

PlannedBalance

November 2019 . . . . . . $11,900,215.11December 2019 . . . . . . 11,676,139.50January 2020 . . . . . . . 11,456,055.49February 2020 . . . . . . . 11,239,894.14March 2020 . . . . . . . . . 11,027,587.70April 2020 . . . . . . . . . . 10,819,069.54May 2020 . . . . . . . . . . . 10,614,274.18June 2020 . . . . . . . . . . . 10,413,137.24July 2020 . . . . . . . . . . . 10,215,595.44August 2020 . . . . . . . . 10,021,586.57September 2020 . . . . . 9,831,049.48October 2020 . . . . . . . . 9,643,924.06November 2020 . . . . . . 9,460,151.20December 2020 . . . . . . 9,279,672.81January 2021 . . . . . . . 9,102,431.80February 2021 . . . . . . . 8,928,372.02March 2021 . . . . . . . . . 8,757,438.31April 2021 . . . . . . . . . . 8,589,576.41May 2021 . . . . . . . . . . . 8,424,733.00June 2021 . . . . . . . . . . . 8,262,855.68July 2021 . . . . . . . . . . . 8,103,892.91August 2021 . . . . . . . . 7,947,794.07September 2021 . . . . . 7,794,509.35October 2021 . . . . . . . . 7,643,989.83November 2021 . . . . . . 7,496,187.40December 2021 . . . . . . 7,351,054.78January 2022 . . . . . . . 7,208,545.49February 2022 . . . . . . . 7,068,613.84March 2022 . . . . . . . . . 6,931,214.93April 2022 . . . . . . . . . . 6,796,304.60May 2022 . . . . . . . . . . . 6,663,839.48June 2022 . . . . . . . . . . . 6,533,776.90July 2022 . . . . . . . . . . . 6,406,074.96August 2022 . . . . . . . . 6,280,692.43September 2022 . . . . . 6,157,588.81October 2022 . . . . . . . . 6,036,724.29November 2022 . . . . . . 5,918,059.74December 2022 . . . . . . 5,801,556.69January 2023 . . . . . . . 5,687,177.32February 2023 . . . . . . . 5,574,884.49March 2023 . . . . . . . . . 5,464,641.66April 2023 . . . . . . . . . . 5,356,412.92May 2023 . . . . . . . . . . . 5,250,162.99June 2023 . . . . . . . . . . . 5,145,857.18July 2023 . . . . . . . . . . . 5,043,461.40August 2023 . . . . . . . . 4,942,942.14September 2023 . . . . . 4,844,266.46October 2023 . . . . . . . . 4,747,401.99November 2023 . . . . . . 4,652,316.91December 2023 . . . . . . 4,558,979.96January 2024 . . . . . . . 4,467,360.39February 2024 . . . . . . . 4,377,427.99March 2024 . . . . . . . . . 4,289,153.07April 2024 . . . . . . . . . . 4,202,506.45May 2024 . . . . . . . . . . . 4,117,459.45June 2024 . . . . . . . . . . . 4,033,983.87July 2024 . . . . . . . . . . . 3,952,052.00August 2024 . . . . . . . . 3,871,636.62September 2024 . . . . . 3,792,710.97October 2024 . . . . . . . . 3,715,248.73November 2024 . . . . . . 3,639,224.06

B-3

Aggregate Group II (Continued)

DistributionDate

PlannedBalance

December 2024 . . . . . . $ 3,564,611.55January 2025 . . . . . . . 3,491,386.22February 2025 . . . . . . . 3,419,523.54March 2025 . . . . . . . . . 3,348,999.39April 2025 . . . . . . . . . . 3,279,790.06May 2025 . . . . . . . . . . . 3,211,872.25June 2025 . . . . . . . . . . . 3,145,223.07July 2025 . . . . . . . . . . . 3,079,820.02August 2025 . . . . . . . . 3,015,640.99September 2025 . . . . . 2,952,664.23October 2025 . . . . . . . . 2,890,868.40November 2025 . . . . . . 2,830,232.51December 2025 . . . . . . 2,770,735.92January 2026 . . . . . . . 2,712,358.36February 2026 . . . . . . . 2,655,079.92March 2026 . . . . . . . . . 2,598,881.01April 2026 . . . . . . . . . . 2,543,742.39May 2026 . . . . . . . . . . . 2,489,645.16June 2026 . . . . . . . . . . . 2,436,570.73July 2026 . . . . . . . . . . . 2,384,500.86August 2026 . . . . . . . . 2,333,417.58September 2026 . . . . . 2,283,303.27October 2026 . . . . . . . . 2,234,140.60November 2026 . . . . . . 2,185,912.54December 2026 . . . . . . 2,138,602.36January 2027 . . . . . . . 2,092,193.61February 2027 . . . . . . . 2,046,670.14March 2027 . . . . . . . . . 2,002,016.06April 2027 . . . . . . . . . . 1,958,215.77May 2027 . . . . . . . . . . . 1,915,253.95June 2027 . . . . . . . . . . . 1,873,115.51July 2027 . . . . . . . . . . . 1,831,785.66August 2027 . . . . . . . . 1,791,249.85September 2027 . . . . . 1,751,493.79October 2027 . . . . . . . . 1,712,503.42November 2027 . . . . . . 1,674,264.94December 2027 . . . . . . 1,636,764.79January 2028 . . . . . . . 1,599,989.65February 2028 . . . . . . . 1,563,926.41March 2028 . . . . . . . . . 1,528,562.22April 2028 . . . . . . . . . . 1,493,884.42May 2028 . . . . . . . . . . . 1,459,880.59June 2028 . . . . . . . . . . . 1,426,538.54July 2028 . . . . . . . . . . . 1,393,846.26August 2028 . . . . . . . . 1,361,791.97September 2028 . . . . . 1,330,364.09October 2028 . . . . . . . . 1,299,551.24November 2028 . . . . . . 1,269,342.26December 2028 . . . . . . 1,239,726.14January 2029 . . . . . . . 1,210,692.12February 2029 . . . . . . . 1,182,229.57

DistributionDate

PlannedBalance

March 2029 . . . . . . . . . $ 1,154,328.09April 2029 . . . . . . . . . . 1,126,977.44May 2029 . . . . . . . . . . . 1,100,167.57June 2029 . . . . . . . . . . . 1,073,888.59July 2029 . . . . . . . . . . . 1,048,130.81August 2029 . . . . . . . . 1,022,884.68September 2029 . . . . . 998,140.83October 2029 . . . . . . . . 973,890.07November 2029 . . . . . . 950,123.35December 2029 . . . . . . 926,831.78January 2030 . . . . . . . 904,006.64February 2030 . . . . . . . 881,639.36March 2030 . . . . . . . . . 859,721.50April 2030 . . . . . . . . . . 838,244.80May 2030 . . . . . . . . . . . 817,201.12June 2030 . . . . . . . . . . . 796,582.48July 2030 . . . . . . . . . . . 776,381.03August 2030 . . . . . . . . 756,589.06September 2030 . . . . . 737,199.01October 2030 . . . . . . . . 718,203.42November 2030 . . . . . . 699,595.01December 2030 . . . . . . 681,366.58January 2031 . . . . . . . 663,511.08February 2031 . . . . . . . 646,021.60March 2031 . . . . . . . . . 628,891.32April 2031 . . . . . . . . . . 612,113.57May 2031 . . . . . . . . . . . 595,681.77June 2031 . . . . . . . . . . . 579,589.47July 2031 . . . . . . . . . . . 563,830.35August 2031 . . . . . . . . 548,398.18September 2031 . . . . . 533,286.84October 2031 . . . . . . . . 518,490.34November 2031 . . . . . . 504,002.77December 2031 . . . . . . 489,818.35January 2032 . . . . . . . 475,931.37February 2032 . . . . . . . 462,336.27March 2032 . . . . . . . . . 449,027.54April 2032 . . . . . . . . . . 435,999.79May 2032 . . . . . . . . . . . 423,247.74June 2032 . . . . . . . . . . . 410,766.17July 2032 . . . . . . . . . . . 398,549.99August 2032 . . . . . . . . 386,594.17September 2032 . . . . . 374,893.78October 2032 . . . . . . . . 363,443.99November 2032 . . . . . . 352,240.05December 2032 . . . . . . 341,277.28January 2033 . . . . . . . 330,551.10February 2033 . . . . . . . 320,057.02March 2033 . . . . . . . . . 309,790.60April 2033 . . . . . . . . . . 299,747.50May 2033 . . . . . . . . . . . 289,923.47

DistributionDate

PlannedBalance

June 2033 . . . . . . . . . . . $ 280,314.31July 2033 . . . . . . . . . . . 270,915.91August 2033 . . . . . . . . . 261,724.23September 2033 . . . . . 252,735.31October 2033 . . . . . . . . 243,945.24November 2033 . . . . . . 235,350.21December 2033 . . . . . . 226,946.46January 2034 . . . . . . . . 218,730.31February 2034 . . . . . . . 210,698.12March 2034 . . . . . . . . . 202,846.34April 2034 . . . . . . . . . . 195,171.49May 2034 . . . . . . . . . . . 187,670.12June 2034 . . . . . . . . . . . 180,338.89July 2034 . . . . . . . . . . . 173,174.47August 2034 . . . . . . . . . 166,173.62September 2034 . . . . . 159,333.16October 2034 . . . . . . . . 152,649.96November 2034 . . . . . . 146,120.94December 2034 . . . . . . 139,743.09January 2035 . . . . . . . . 133,513.44February 2035 . . . . . . . 127,429.08March 2035 . . . . . . . . . 121,487.17April 2035 . . . . . . . . . . 115,684.90May 2035 . . . . . . . . . . . 110,019.51June 2035 . . . . . . . . . . . 104,488.31July 2035 . . . . . . . . . . . 99,088.63August 2035 . . . . . . . . . 93,817.89September 2035 . . . . . 88,673.51October 2035 . . . . . . . . 83,652.99November 2035 . . . . . . 78,753.87December 2035 . . . . . . 73,973.73January 2036 . . . . . . . . 69,310.19February 2036 . . . . . . . 64,760.92March 2036 . . . . . . . . . 60,323.64April 2036 . . . . . . . . . . 55,996.09May 2036 . . . . . . . . . . . 51,776.08June 2036 . . . . . . . . . . . 47,661.44July 2036 . . . . . . . . . . . 43,650.04August 2036 . . . . . . . . . 39,739.81September 2036 . . . . . 35,928.69October 2036 . . . . . . . . 32,214.67November 2036 . . . . . . 28,595.79December 2036 . . . . . . 25,070.11January 2037 . . . . . . . . 21,635.72February 2037 . . . . . . . 18,290.78March 2037 . . . . . . . . . 15,033.43April 2037 . . . . . . . . . . 11,861.90May 2037 . . . . . . . . . . . 8,774.42June 2037 . . . . . . . . . . . 5,769.26July 2037 . . . . . . . . . . . 2,844.72August 2037 and

thereafter . . . . . . . . . 0.00

B-4

Aggregate Group III Planned Balances

DistributionDate

PlannedBalance


DistributionDate

PlannedBalance


DistributionDate

PlannedBalance

November 2019 . . . . . . $ 4,706,462.97December 2019 . . . . . . 4,589,182.39January 2020 . . . . . . . 4,474,737.46February 2020 . . . . . . . 4,363,060.96March 2020 . . . . . . . . . 4,254,087.23April 2020 . . . . . . . . . . 4,147,752.16May 2020 . . . . . . . . . . . 4,043,993.12June 2020 . . . . . . . . . . . 3,942,748.96July 2020 . . . . . . . . . . . 3,843,959.96August 2020 . . . . . . . . 3,747,567.81September 2020 . . . . . 3,653,515.54October 2020 . . . . . . . . 3,561,747.54November 2020 . . . . . . 3,472,209.48December 2020 . . . . . . 3,384,848.33January 2021 . . . . . . . 3,299,612.28February 2021 . . . . . . . 3,216,450.76March 2021 . . . . . . . . . 3,135,314.35April 2021 . . . . . . . . . . 3,056,154.82May 2021 . . . . . . . . . . . 2,978,925.07June 2021 . . . . . . . . . . . 2,903,579.09July 2021 . . . . . . . . . . . 2,830,071.95August 2021 . . . . . . . . 2,758,359.81September 2021 . . . . . 2,688,399.81October 2021 . . . . . . . . 2,620,150.13November 2021 . . . . . . 2,553,569.93December 2021 . . . . . . 2,488,619.32January 2022 . . . . . . . 2,425,259.34February 2022 . . . . . . . 2,363,451.98March 2022 . . . . . . . . . 2,303,160.09April 2022 . . . . . . . . . . 2,244,347.42May 2022 . . . . . . . . . . . 2,186,978.55June 2022 . . . . . . . . . . . 2,131,018.90July 2022 . . . . . . . . . . . 2,076,434.73August 2022 . . . . . . . . 2,023,193.05September 2022 . . . . . 1,971,261.70October 2022 . . . . . . . . 1,920,609.22November 2022 . . . . . . 1,871,204.95December 2022 . . . . . . 1,823,018.91January 2023 . . . . . . . 1,776,021.85February 2023 . . . . . . . 1,730,185.19March 2023 . . . . . . . . . 1,685,481.06April 2023 . . . . . . . . . . 1,641,882.21May 2023 . . . . . . . . . . . 1,599,362.05June 2023 . . . . . . . . . . . 1,557,894.62July 2023 . . . . . . . . . . . 1,517,454.58August 2023 . . . . . . . . 1,478,017.17September 2023 . . . . . 1,439,558.22October 2023 . . . . . . . . 1,402,054.16November 2023 . . . . . . 1,365,481.94December 2023 . . . . . . 1,329,819.08January 2024 . . . . . . . 1,295,043.62February 2024 . . . . . . . 1,261,134.12March 2024 . . . . . . . . . 1,228,069.65April 2024 . . . . . . . . . . 1,195,829.78May 2024 . . . . . . . . . . . 1,164,394.57June 2024 . . . . . . . . . . . 1,133,744.55July 2024 . . . . . . . . . . . 1,103,860.68August 2024 . . . . . . . . 1,074,724.43September 2024 . . . . . 1,046,317.66October 2024 . . . . . . . . 1,018,622.68November 2024 . . . . . . 991,622.23

B-5

Aggregate Group III (Continued)

DistributionDate

PlannedBalance

December 2024 . . . . . . $ 965,299.44January 2025 . . . . . . . . 939,637.85February 2025 . . . . . . . 914,621.41March 2025 . . . . . . . . . 890,234.41April 2025 . . . . . . . . . . 866,461.56May 2025 . . . . . . . . . . . 843,287.89June 2025 . . . . . . . . . . . 820,698.83July 2025 . . . . . . . . . . . 798,680.12August 2025 . . . . . . . . . 777,217.86September 2025 . . . . . 756,298.48October 2025 . . . . . . . . 735,908.73November 2025 . . . . . . 716,035.67December 2025 . . . . . . 696,666.69January 2026 . . . . . . . . 677,789.44February 2026 . . . . . . . 659,391.92March 2026 . . . . . . . . . 641,462.37April 2026 . . . . . . . . . . 623,989.33May 2026 . . . . . . . . . . . 606,961.62June 2026 . . . . . . . . . . . 590,368.32July 2026 . . . . . . . . . . . 574,198.76August 2026 . . . . . . . . . 558,442.55September 2026 . . . . . 543,089.54October 2026 . . . . . . . . 528,129.80November 2026 . . . . . . 513,553.67December 2026 . . . . . . 499,351.71January 2027 . . . . . . . . 485,514.70February 2027 . . . . . . . 472,033.65March 2027 . . . . . . . . . 458,899.78April 2027 . . . . . . . . . . 446,104.52May 2027 . . . . . . . . . . . 433,639.51June 2027 . . . . . . . . . . . 421,496.60July 2027 . . . . . . . . . . . 409,667.81August 2027 . . . . . . . . . 398,145.38September 2027 . . . . . 386,921.72October 2027 . . . . . . . . 375,989.43November 2027 . . . . . . 365,341.29December 2027 . . . . . . 354,970.23January 2028 . . . . . . . . 344,869.39February 2028 . . . . . . . 335,032.05March 2028 . . . . . . . . . 325,451.66April 2028 . . . . . . . . . . 316,121.82May 2028 . . . . . . . . . . . 307,036.29June 2028 . . . . . . . . . . . 298,188.99July 2028 . . . . . . . . . . . 289,573.97August 2028 . . . . . . . . . 281,185.44September 2028 . . . . . 273,017.74October 2028 . . . . . . . . 265,065.35November 2028 . . . . . . 257,322.87December 2028 . . . . . . 249,785.07January 2029 . . . . . . . . 242,446.79February 2029 . . . . . . . 235,303.06March 2029 . . . . . . . . . 228,348.97April 2029 . . . . . . . . . . 221,579.77May 2029 . . . . . . . . . . . 214,990.80June 2029 . . . . . . . . . . . 208,577.54

DistributionDate

PlannedBalance

July 2029 . . . . . . . . . . . $ 202,335.55August 2029 . . . . . . . . . 196,260.53September 2029 . . . . . 190,348.25October 2029 . . . . . . . . 184,594.61November 2029 . . . . . . 178,995.60December 2029 . . . . . . 173,547.31January 2030 . . . . . . . . 168,245.92February 2030 . . . . . . . 163,087.70March 2030 . . . . . . . . . 158,069.04April 2030 . . . . . . . . . . 153,186.37May 2030 . . . . . . . . . . . 148,436.26June 2030 . . . . . . . . . . . 143,815.32July 2030 . . . . . . . . . . . 139,320.27August 2030 . . . . . . . . . 134,947.89September 2030 . . . . . 130,695.06October 2030 . . . . . . . . 126,558.73November 2030 . . . . . . 122,535.91December 2030 . . . . . . 118,623.71January 2031 . . . . . . . . 114,819.28February 2031 . . . . . . . 111,119.87March 2031 . . . . . . . . . 107,522.77April 2031 . . . . . . . . . . 104,025.37May 2031 . . . . . . . . . . . 100,625.08June 2031 . . . . . . . . . . . 97,319.42July 2031 . . . . . . . . . . . 94,105.94August 2031 . . . . . . . . . 90,982.27September 2031 . . . . . 87,946.08October 2031 . . . . . . . . 84,995.10November 2031 . . . . . . 82,127.14December 2031 . . . . . . 79,340.04January 2032 . . . . . . . . 76,631.70February 2032 . . . . . . . 74,000.07March 2032 . . . . . . . . . 71,443.16April 2032 . . . . . . . . . . 68,959.02May 2032 . . . . . . . . . . . 66,545.75June 2032 . . . . . . . . . . . 64,201.50July 2032 . . . . . . . . . . . 61,924.46August 2032 . . . . . . . . . 59,712.88September 2032 . . . . . 57,565.03October 2032 . . . . . . . . 55,479.25November 2032 . . . . . . 53,453.90December 2032 . . . . . . 51,487.40January 2033 . . . . . . . . 49,578.18February 2033 . . . . . . . 47,724.75March 2033 . . . . . . . . . 45,925.61April 2033 . . . . . . . . . . 44,179.34May 2033 . . . . . . . . . . . 42,484.54June 2033 . . . . . . . . . . . 40,839.83July 2033 . . . . . . . . . . . 39,243.89August 2033 . . . . . . . . . 37,695.42September 2033 . . . . . 36,193.14October 2033 . . . . . . . . 34,735.84November 2033 . . . . . . 33,322.29December 2033 . . . . . . 31,951.34January 2034 . . . . . . . . 30,621.84

DistributionDate

PlannedBalance

February 2034 . . . . . . . . $ 29,332.68March 2034 . . . . . . . . . . 28,082.76April 2034 . . . . . . . . . . . 26,871.03May 2034 . . . . . . . . . . . . 25,696.46June 2034 . . . . . . . . . . . . 24,558.05July 2034 . . . . . . . . . . . . 23,454.81August 2034 . . . . . . . . . . 22,385.79September 2034 . . . . . . 21,350.05October 2034 . . . . . . . . . 20,346.70November 2034 . . . . . . . 19,374.84December 2034 . . . . . . . 18,433.63January 2035 . . . . . . . . . 17,522.20February 2035 . . . . . . . . 16,639.76March 2035 . . . . . . . . . . 15,785.50April 2035 . . . . . . . . . . . 14,958.64May 2035 . . . . . . . . . . . . 14,158.43June 2035 . . . . . . . . . . . . 13,384.14July 2035 . . . . . . . . . . . . 12,635.03August 2035 . . . . . . . . . . 11,910.42September 2035 . . . . . . 11,209.63October 2035 . . . . . . . . . 10,531.98November 2035 . . . . . . . 9,876.83December 2035 . . . . . . . 9,243.55January 2036 . . . . . . . . . 8,631.53February 2036 . . . . . . . . 8,040.17March 2036 . . . . . . . . . . 7,468.89April 2036 . . . . . . . . . . . 6,917.11May 2036 . . . . . . . . . . . . 6,384.29June 2036 . . . . . . . . . . . . 5,869.89July 2036 . . . . . . . . . . . . 5,373.38August 2036 . . . . . . . . . . 4,894.25September 2036 . . . . . . 4,432.01October 2036 . . . . . . . . . 3,986.17November 2036 . . . . . . . 3,556.27December 2036 . . . . . . . 3,141.83January 2037 . . . . . . . . . 2,932.83February 2037 . . . . . . . . 2,730.89March 2037 . . . . . . . . . . 2,535.81April 2037 . . . . . . . . . . . 2,347.40May 2037 . . . . . . . . . . . . 2,165.47June 2037 . . . . . . . . . . . . 1,989.83July 2037 . . . . . . . . . . . . 1,820.31August 2037 . . . . . . . . . . 1,656.73September 2037 . . . . . . 1,498.92October 2037 . . . . . . . . . 1,346.71November 2037 . . . . . . . 1,199.95December 2037 . . . . . . . 1,058.47January 2038 . . . . . . . . . 922.12February 2038 . . . . . . . . 790.77March 2038 . . . . . . . . . . 664.25April 2038 . . . . . . . . . . . 542.43May 2038 . . . . . . . . . . . . 425.17June 2038 . . . . . . . . . . . . 312.34July 2038 . . . . . . . . . . . . 203.81August 2038 . . . . . . . . . . 99.45September 2038 and

thereafter . . . . . . . . . . 0.00

B-6

Aggregate Group IV Planned Balances

DistributionDate

PlannedBalance


DistributionDate

PlannedBalance


DistributionDate

PlannedBalance

November 2019 . . . . . . $ 3,710,717.06December 2019 . . . . . . 3,605,859.94January 2020 . . . . . . . 3,503,898.15February 2020 . . . . . . . 3,404,753.02March 2020 . . . . . . . . . 3,308,347.99April 2020 . . . . . . . . . . 3,214,608.56May 2020 . . . . . . . . . . . 3,123,462.24June 2020 . . . . . . . . . . . 3,034,838.47July 2020 . . . . . . . . . . . 2,948,668.59August 2020 . . . . . . . . 2,864,885.81September 2020 . . . . . 2,783,425.12October 2020 . . . . . . . . 2,704,223.24November 2020 . . . . . . 2,627,218.62December 2020 . . . . . . 2,552,351.36January 2021 . . . . . . . 2,479,563.16February 2021 . . . . . . . 2,408,797.32March 2021 . . . . . . . . . 2,339,998.64April 2021 . . . . . . . . . . 2,273,113.41May 2021 . . . . . . . . . . . 2,208,089.38June 2021 . . . . . . . . . . . 2,144,875.70July 2021 . . . . . . . . . . . 2,083,422.88August 2021 . . . . . . . . 2,023,682.80September 2021 . . . . . 1,965,608.60October 2021 . . . . . . . . 1,909,154.71November 2021 . . . . . . 1,854,276.77December 2021 . . . . . . 1,800,931.64January 2022 . . . . . . . 1,749,077.33February 2022 . . . . . . . 1,698,672.98March 2022 . . . . . . . . . 1,649,678.85April 2022 . . . . . . . . . . 1,602,056.27May 2022 . . . . . . . . . . . 1,555,767.60June 2022 . . . . . . . . . . . 1,510,776.24July 2022 . . . . . . . . . . . 1,467,046.57August 2022 . . . . . . . . 1,424,543.94September 2022 . . . . . 1,383,234.61October 2022 . . . . . . . . 1,343,085.80November 2022 . . . . . . 1,304,065.58December 2022 . . . . . . 1,266,142.90January 2023 . . . . . . . 1,229,287.56February 2023 . . . . . . . 1,193,470.16March 2023 . . . . . . . . . 1,158,662.10April 2023 . . . . . . . . . . 1,124,835.58May 2023 . . . . . . . . . . . 1,091,963.53June 2023 . . . . . . . . . . . 1,060,019.61July 2023 . . . . . . . . . . . 1,028,978.22August 2023 . . . . . . . . 998,814.44September 2023 . . . . . 969,504.03October 2023 . . . . . . . . 941,023.40November 2023 . . . . . . 913,349.61December 2023 . . . . . . 886,460.35January 2024 . . . . . . . 860,333.90February 2024 . . . . . . . 834,949.15March 2024 . . . . . . . . . 810,285.56April 2024 . . . . . . . . . . 786,323.13May 2024 . . . . . . . . . . . 763,042.43June 2024 . . . . . . . . . . . 740,424.55July 2024 . . . . . . . . . . . 718,451.09August 2024 . . . . . . . . 697,104.16September 2024 . . . . . 676,366.35October 2024 . . . . . . . . 656,220.73November 2024 . . . . . . 636,650.84

B-7

Aggregate Group IV Planned Balances (Continued)

DistributionDate

PlannedBalance

December 2024 . . . . . . $ 617,640.65January 2025 . . . . . . . . 599,174.59February 2025 . . . . . . . 581,237.50March 2025 . . . . . . . . . 563,814.64April 2025 . . . . . . . . . . 546,891.67May 2025 . . . . . . . . . . . 530,454.64June 2025 . . . . . . . . . . . 514,489.99July 2025 . . . . . . . . . . . 498,984.54August 2025 . . . . . . . . . 483,925.44September 2025 . . . . . 469,300.23October 2025 . . . . . . . . 455,096.75November 2025 . . . . . . 441,303.21December 2025 . . . . . . 427,908.13January 2026 . . . . . . . . 414,900.33February 2026 . . . . . . . 402,268.97March 2026 . . . . . . . . . 390,003.48April 2026 . . . . . . . . . . 378,093.58May 2026 . . . . . . . . . . . 366,529.30June 2026 . . . . . . . . . . . 355,300.91July 2026 . . . . . . . . . . . 344,398.98August 2026 . . . . . . . . . 333,814.31September 2026 . . . . . 323,537.97October 2026 . . . . . . . . 313,561.27November 2026 . . . . . . 303,875.76December 2026 . . . . . . 294,473.24January 2027 . . . . . . . . 285,345.70February 2027 . . . . . . . 276,485.39March 2027 . . . . . . . . . 267,884.75April 2027 . . . . . . . . . . 259,536.43May 2027 . . . . . . . . . . . 251,433.29June 2027 . . . . . . . . . . . 243,568.39July 2027 . . . . . . . . . . . 235,934.97August 2027 . . . . . . . . . 228,526.47September 2027 . . . . . 221,336.50October 2027 . . . . . . . . 214,358.86November 2027 . . . . . . 207,587.51December 2027 . . . . . . 201,016.59January 2028 . . . . . . . . 194,640.38February 2028 . . . . . . . 188,453.35March 2028 . . . . . . . . . 182,450.09April 2028 . . . . . . . . . . 176,625.37May 2028 . . . . . . . . . . . 170,974.09June 2028 . . . . . . . . . . . 165,491.29July 2028 . . . . . . . . . . . 160,172.16August 2028 . . . . . . . . . 155,012.01September 2028 . . . . . 150,006.28October 2028 . . . . . . . . 145,150.56November 2028 . . . . . . 140,440.53December 2028 . . . . . . 135,872.02January 2029 . . . . . . . . 131,440.96February 2029 . . . . . . . 127,143.40March 2029 . . . . . . . . . 122,975.49April 2029 . . . . . . . . . . 118,933.50

DistributionDate

PlannedBalance

May 2029 . . . . . . . . . . . $ 115,013.80June 2029 . . . . . . . . . . . 111,212.86July 2029 . . . . . . . . . . . 107,527.26August 2029 . . . . . . . . . 103,953.65September 2029 . . . . . 100,488.79October 2029 . . . . . . . . 97,129.54November 2029 . . . . . . 93,872.84December 2029 . . . . . . 90,715.71January 2030 . . . . . . . . 87,655.26February 2030 . . . . . . . 84,688.68March 2030 . . . . . . . . . 81,813.24April 2030 . . . . . . . . . . 79,026.28May 2030 . . . . . . . . . . . 76,325.22June 2030 . . . . . . . . . . . 73,707.57July 2030 . . . . . . . . . . . 71,170.87August 2030 . . . . . . . . . 68,712.77September 2030 . . . . . 66,330.96October 2030 . . . . . . . . 64,023.22November 2030 . . . . . . 61,787.36December 2030 . . . . . . 59,621.27January 2031 . . . . . . . . 57,522.91February 2031 . . . . . . . 55,490.28March 2031 . . . . . . . . . 53,521.45April 2031 . . . . . . . . . . 51,614.53May 2031 . . . . . . . . . . . 49,767.70June 2031 . . . . . . . . . . . 47,979.18July 2031 . . . . . . . . . . . 46,247.24August 2031 . . . . . . . . . 44,570.21September 2031 . . . . . 42,946.47October 2031 . . . . . . . . 41,374.42November 2031 . . . . . . 39,852.53December 2031 . . . . . . 38,379.31January 2032 . . . . . . . . 36,953.31February 2032 . . . . . . . 35,573.11March 2032 . . . . . . . . . 34,237.36April 2032 . . . . . . . . . . 32,944.71May 2032 . . . . . . . . . . . 31,693.89June 2032 . . . . . . . . . . . 30,483.63July 2032 . . . . . . . . . . . 29,312.71August 2032 . . . . . . . . . 28,179.96September 2032 . . . . . 27,084.22October 2032 . . . . . . . . 26,024.37November 2032 . . . . . . 24,999.34December 2032 . . . . . . 24,008.07January 2033 . . . . . . . . 23,049.54February 2033 . . . . . . . 22,122.75March 2033 . . . . . . . . . 21,226.74April 2033 . . . . . . . . . . 20,360.57May 2033 . . . . . . . . . . . 19,523.34June 2033 . . . . . . . . . . . 18,714.16July 2033 . . . . . . . . . . . 17,932.18August 2033 . . . . . . . . . 17,176.55September 2033 . . . . . 16,446.48

DistributionDate

PlannedBalance

October 2033 . . . . . . . . $ 15,741.18November 2033 . . . . . . 15,059.88December 2033 . . . . . . 14,401.85January 2034 . . . . . . . . 13,766.37February 2034 . . . . . . . 13,152.75March 2034 . . . . . . . . . 12,560.29April 2034 . . . . . . . . . . 11,988.36May 2034 . . . . . . . . . . . 11,436.31June 2034 . . . . . . . . . . . 10,903.51July 2034 . . . . . . . . . . . 10,389.38August 2034 . . . . . . . . . 9,893.33September 2034 . . . . . 9,414.78October 2034 . . . . . . . . 8,953.20November 2034 . . . . . . 8,508.05December 2034 . . . . . . 8,078.81January 2035 . . . . . . . . 7,664.98February 2035 . . . . . . . 7,266.07March 2035 . . . . . . . . . 6,881.61April 2035 . . . . . . . . . . 6,511.14May 2035 . . . . . . . . . . . 6,154.21June 2035 . . . . . . . . . . . 5,810.40July 2035 . . . . . . . . . . . 5,479.28August 2035 . . . . . . . . . 5,160.45September 2035 . . . . . 4,853.52October 2035 . . . . . . . . 4,558.09November 2035 . . . . . . 4,273.80December 2035 . . . . . . 4,000.29January 2036 . . . . . . . . 3,737.21February 2036 . . . . . . . 3,484.22March 2036 . . . . . . . . . 3,241.00April 2036 . . . . . . . . . . 3,007.21May 2036 . . . . . . . . . . . 2,782.56June 2036 . . . . . . . . . . . 2,566.74July 2036 . . . . . . . . . . . 2,359.47August 2036 . . . . . . . . . 2,160.46September 2036 . . . . . 1,969.44October 2036 . . . . . . . . 1,786.14November 2036 . . . . . . 1,610.30December 2036 . . . . . . 1,441.68January 2037 . . . . . . . . 1,280.04February 2037 . . . . . . . 1,125.14March 2037 . . . . . . . . . 976.75April 2037 . . . . . . . . . . 834.66May 2037 . . . . . . . . . . . 698.64June 2037 . . . . . . . . . . . 568.50July 2037 . . . . . . . . . . . 444.03August 2037 . . . . . . . . . 325.04September 2037 . . . . . 211.34October 2037 . . . . . . . . 102.75November 2037 and

thereafter . . . . . . . . . 0.00

B-8

No one is authorized to give information or to makerepresentations in connection with the Certificatesother than the information and representations con-tained in this Prospectus Supplement and the addi-tional Disclosure Documents. You must not rely onany unauthorized information or representation. ThisProspectus Supplement and the additional DisclosureDocuments do not constitute an offer or solicitationwith regard to the Certificates if it is illegal to makesuch an offer or solicitation to you under state law. Bydelivering this Prospectus Supplement and the addi-tional Disclosure Documents at any time, no oneimplies that the information contained herein ortherein is correct after the date hereof or thereof.

The Securities and Exchange Commission has notapproved or disapproved the Certificates or deter-mined if this Prospectus Supplement is truthful andcomplete. Any representation to the contrary is acriminal offense.

TABLE OF CONTENTS

Page

Table of Contents . . . . . . . . . . . . . . . . . . . . . . . . S- 2

Available Information . . . . . . . . . . . . . . . . . . . . . S- 3

Recent Developments . . . . . . . . . . . . . . . . . . . . S- 4

Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S- 6

Description of the Certificates . . . . . . . . . . . . . . S-10

Certain Additional Federal Income TaxConsequences . . . . . . . . . . . . . . . . . . . . . . . . S-27

Plan of Distribution . . . . . . . . . . . . . . . . . . . . . . . S-29

Legal Matters . . . . . . . . . . . . . . . . . . . . . . . . . . . S-29

Schedule 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A- 1

Principal Balance Schedules . . . . . . . . . . . . . . . B- 1

$1,178,983,891

Guaranteed REMICPass-Through Certificates

Fannie Mae REMIC Trust 2009-78

PROSPECTUS SUPPLEMENT

Goldman Sachs & Co.

September 23, 2009

Prospectus Supplement (To REMIC Prospectus dated August 1, …€¦ · June 1, 2009. The MBS...

Documents

Transcript of Prospectus Supplement (To REMIC Prospectus dated August 1, …€¦ · June 1, 2009. The MBS...