Offering Circular Supplement $1,093,502,654 Freddie Mac

Offering Circular Supplement(To Offering CircularDated June 1, 2010)

$1,093,502,654

Freddie MacMulticlass Certificates, Series 4010

Offered Classes: REMIC Classes shown below and MACR Classes shown on Appendix AOffering Terms: The underwriter named below is offering the Classes in negotiated transactions at varying pricesClosing Date: March 30, 2012

REMICClasses

OriginalBalance

PrincipalType(1)

ClassCoupon

InterestType(1)

CUSIPNumber

Final PaymentDate

Group 1CP . . . . . . . . . . $ 11,789,223 PAC II 3.5% FIX 3137AM S B 4 March 15, 2042PA . . . . . . . . . . 150,000,000 PAC I 3.5 FIX 3137AMUK1 December 15, 2040PB . . . . . . . . . . 34,985,777 PAC I 3.5 FIX 3137AMUL9 March 15, 2042PI . . . . . . . . . . 47,828,125 NTL(PAC) 4.0 FIX/IO 3137AMUM7 March 15, 2042PY . . . . . . . . . . 185,849,000 PAC I 3.5 FIX 3137AMUN5 December 15, 2040Z . . . . . . . . . . 57,375,000 SUP 4.0 FIX/Z 3137AMVG9 March 15, 2042ZC . . . . . . . . . . 1,000 PAC II 3.5 FIX/Z 3137AM V J 3 March 15, 2042Group 2MB . . . . . . . . . . 10,000,000 PAC 2.0 FIX 3137AN K 6 1 November 15, 2041MI . . . . . . . . . . 5,555,555 NTL(PAC) 4.5 FIX/IO 3137AMTW7 November 15, 2041MZ . . . . . . . . . . 74,507 PAC 4.5 FIX/Z 3137AMTX5 March 15, 2042ZM . . . . . . . . . . 1,612,345 SUP 4.5 FIX/Z 3137AMVL8 March 15, 2042Group 3KI . . . . . . . . . . 22,049,000 NTL(PAC) 4.5 FIX/IO 3137AMT R 8 January 15, 2042KL . . . . . . . . . . 3,000,000 PAC 2.5 FIX 3137AM T S 6 January 15, 2042KM . . . . . . . . . . 62,147,000 PAC 3.0 FIX 3137AM T T 4 January 15, 2042KZ . . . . . . . . . . 327,000 PAC 4.5 FIX/Z 3137AMTU1 March 15, 2042ZK . . . . . . . . . . 13,142,484 SUP 4.5 FIX/Z 3137AMVK0 March 15, 2042Group 4AB . . . . . . . . . . 102,011,000 PAC 4.0 FIX 3137AMRB5 March 15, 2040AY . . . . . . . . . . 14,993,000 PAC 4.0 FIX 3137AMRV1 December 15, 2041FC . . . . . . . . . . 35,854,000 SUP (2) FLT 3137AMS Y4 March 15, 2042NZ . . . . . . . . . . 682,000 PAC 4.0 FIX/Z 3137AM U J 4 March 15, 2042SC . . . . . . . . . . 17,927,000 SUP (2) INV/S 3137AMUV7 March 15, 2042Group 5EA . . . . . . . . . . 10,000,000 PT 3.0 FIX 3137AM S F 5 March 15, 2032

REMICClasses

OriginalBalance

PrincipalType(1)

ClassCoupon

InterestType(1)

CUSIPNumber

Final PaymentDate

EF . . . . . . . . . . $ 17,696,033 PT (2) FLT 3137AMS K4 March 15, 2032EG . . . . . . . . . . 8,000,000 PT 2.0% FIX 3137AM S L 2 March 15, 2032ES . . . . . . . . . . 17,696,033 NTL(PT) (2) INV/IO 3137AMS V0 March 15, 2032FH . . . . . . . . . . 1,250,000 SEQ (2) FLT 3137AM S Z 1 February 15, 2031GB . . . . . . . . . . 7,093,330 SEQ 3.0 FIX 3137AM T 3 1 March 15, 2032GD . . . . . . . . . . 45,901,073 SEQ 3.0 FIX 3137AM T 5 6 August 15, 2030HB . . . . . . . . . . 627,832 SEQ 3.0 FIX 3137AMTH0 March 15, 2032HE . . . . . . . . . . 5,000,000 SEQ 2.0 FIX 3137AM T J 6 February 15, 2031JA . . . . . . . . . . 12,000,000 SEQ 3.5 FIX 3137AMTK3 September 15, 2029JB . . . . . . . . . . 12,000,000 SEQ 2.5 FIX 3137AM T L 1 September 15, 2029JC . . . . . . . . . . 6,000,000 SEQ 3.0 FIX 3137AMTM9 March 15, 2032SH . . . . . . . . . . 1,250,000 NTL(SEQ) (2) INV/IO 3137AMUW5 February 15, 2031

Group 6DB . . . . . . . . . . 505,050 SEQ 3.0 FIX 3137AM S C 2 March 15, 2027DE . . . . . . . . . . 50,000,000 SEQ 2.5 FIX 3137AMS D0 February 15, 2027DI . . . . . . . . . . 8,333,333 NTL(SEQ) 3.0 FIX/IO 3137AM S E 8 February 15, 2027

Group 7AZ . . . . . . . . . . 1,000 PAC II 2.0 FIX/Z 3137AMRW9 January 15, 2042QA . . . . . . . . . . 129,501,000 PAC I 2.0 FIX 3137AMU P0 January 15, 2042QC . . . . . . . . . . 37,000,000 PAC II 2.0 FIX 3137AMUQ8 January 15, 2042QI . . . . . . . . . . 92,501,111 NTL(PAC) 4.5 FIX/IO 3137AMUR6 January 15, 2042QZ . . . . . . . . . . 647,000 PAC 4.5 FIX/Z 3137AMU S4 March 15, 2042ZQ . . . . . . . . . . 48,510,000 SUP 4.5 FIX/Z 3137AMVM6 March 15, 2042

ResidualR . . . . . . . . . . 0 NPR 0.0 NPR 3137AMUT2 March 15, 2042RS . . . . . . . . . . 0 NPR 0.0 NPR 3137AMUU9 March 15, 2042

(1) See Appendix II to the Offering Circular.(2) See Terms Sheet — Interest.

The Certificates may not be suitable investments for you. You should not purchase Certificates unless you have carefullyconsidered and are able to bear the associated prepayment, interest rate, yield and market risks of investing in them.Certain Risk Considerations on page S-2 highlights some of these risks.

You should purchase Certificates only if you have read and understood this Supplement, the attached Offering Circularand the documents identified under Available Information.

We guarantee principal and interest payments on the Certificates. These payments are not guaranteed by, and are not debtsor obligations of, the United States or any federal agency or instrumentality other than Freddie Mac. The Certificates arenot tax-exempt. Because of applicable securities law exemptions, we have not registered the Certificates with any federalor state securities commission. No securities commission has reviewed this Supplement.

MORGAN STANLEY

February 14, 2012

CERTAIN RISK CONSIDERATIONS

Although we guarantee the payments on the Certificates, and so bear the associated credit risk, as aninvestor you will bear the other risks of owning mortgage securities. This section highlights some of theserisks. You should also read Risk Factors and Prepayment, Yield and Suitability Considerations in theOffering Circular for further discussions of these risks.

The Certificates May Not be Suitable Investments for You. The Certificates are complexsecurities. You should not purchase Certificates unless you are able to understand and bear the associatedprepayment, interest rate, yield and market risks.

In particular, the Interest Only, Inverse Floating Rate, Accrual, Support and Residual Classes havespecial risks and are not suitable for all investors.

Prepayments Can Reduce Your Yield. The yield on your Certificates could be lower than youexpect if:

• You buy your Certificates at a premium over their principal amount and principal paymentsare faster than you expect.

• You buy your Certificates at a discount to their principal amount and principal payments areslower than you expect.

If you buy an Interest Only Class and prepayments are fast, you may not even recover your investment.

LIBOR Levels Can Reduce Your Yield if You Own a Floating Rate or Inverse Floating RateClass. The yield on your Certificates could be lower than you expect if:

• You buy a Floating Rate Class and LIBOR levels are lower than you expect.

• You buy an Inverse Floating Rate Class and LIBOR levels are higher than you expect.

If you buy an Interest Only Inverse Floating Rate Class, you may not even recover your investment ifLIBOR levels are high or prepayments are fast.

The Certificates are Subject to Market Risks. You will bear all of the market risks of yourinvestment. The market value of your Certificates will vary over time, primarily in response to changes inprevailing interest rates. If you sell your Certificates when their market value is low, you may experiencesignificant losses. The underwriter named on the front cover (the “Underwriter”) intends to make amarket for the purchase and sale of the Certificates after they are issued, but has no obligation to do so. Asecondary market may not develop. Even if one does develop, it may not be liquid enough to allow you tosell your Certificates easily or at your desired price.

Our Multiclass Certificates Offering Circular dated June 1, 2010 (the “Offering Circular”),attached to this Supplement, defines many of the terms we use in this Supplement.

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TERMS SHEET

This Terms Sheet contains selected information about this Series. You should refer to theremainder of this Supplement for further information.

In this Supplement, we refer to Classes only by their letter designations. For example, “R” refers tothe R Class of this Series.

Payment Dates

We make payments of principal and interest on the Certificates on each monthly Payment Datebeginning in April 2012.

Form of Classes

Regular and MACR Classes: Book-entry on Fed System

Residual Classes: Certificated

Interest

The Fixed Rate Classes bear interest at the Class Coupons shown on the front cover and Appendix A.

The Floating Rate and Inverse Floating Rate Classes bear interest as shown in the following table.The initial Class Coupons apply only to the first Accrual Period. We determine LIBOR using the BBAMethod.

ClassInitial Class

Coupon Class Coupon Formula Minimum Rate Maximum RateClass Coupon Subject to

Group 4FC . . . . . . . . . . . . . . . . . . . . 1.24175% LIBOR + 1.0% 1.0% 6.0%SC . . . . . . . . . . . . . . . . . . . . 9.5165 10.0% � (LIBOR � 2.0) 0 10.0Group 5EF . . . . . . . . . . . . . . . . . . . . 0.64175 LIBOR + 0.4% 0.4 7.0ES . . . . . . . . . . . . . . . . . . . . 6.35825 6.6% � LIBOR 0 6.6FH . . . . . . . . . . . . . . . . . . . . 0.64175 LIBOR + 0.4% 0.4 7.0JF*. . . . . . . . . . . . . . . . . . . . 0.64175 LIBOR + 0.4% 0.4 7.0JS*. . . . . . . . . . . . . . . . . . . . 6.35825 6.6% � LIBOR 0 6.6SH . . . . . . . . . . . . . . . . . . . . 6.35825 6.6% � LIBOR 0 6.6

* MACR Class.

See Appendix V to the Offering Circular and Payments — Interest.

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Notional Classes

ClassOriginal NotionalPrincipal Amount Reduces Proportionately With

Group 1PI $47,828,125 CP, PA, PB, PY and ZC, as a whole (PAC)

Group 2MI $ 5,555,555 MB (PAC)

Group 3KI $22,049,000 KL and KM, as a whole (PAC)

Group 4AI* $63,756,875 AB (PAC)NI* 73,127,500 AB and AY, as a whole (PAC)YI* 9,370,625 AY (PAC)

Group 5BI* $ 2,026,665 GB (SEQ)EI* 15,141,258 GB and GD, as a whole (PT)ES 17,696,033 EF (PT)GI* 13,114,592 GD (SEQ)JS* 18,946,033 EF (PT) and FH (SEQ), as a wholeSH 1,250,000 FH (SEQ)

Group 6DI $ 8,333,333 DE (SEQ)

Group 7QI $92,501,111 AZ, QA and QC, as a whole (PAC)

* MACR Class.

See Payments — Interest — Notional Classes.

MACR Classes

This Series includes MACR Classes. Appendix A shows the characteristics of the MACR Classesand the Combinations of REMIC and MACR Classes.

See Appendix III to the Offering Circular for a description of MACR Certificates and exchangeprocedures and fees.

Principal

REMIC Classes

On each Payment Date, we pay:

Group 1

• The ZC Accrual Amount to CP, until retired, and then to ZCType II PACand Accrual

Notional Classes

ClassOriginal NotionalPrincipal Amount Reduces Proportionately With

Group 1PI $47,828,125 CP, PA, PB, PY and ZC, as a whole (PAC)

Group 2MI $ 5,555,555 MB (PAC)

Group 3KI $22,049,000 KL and KM, as a whole (PAC)

Group 4AI* $63,756,875 AB (PAC)NI* 73,127,500 AB and AY, as a whole (PAC)YI* 9,370,625 AY (PAC)

Group 5BI* $ 2,026,665 GB (SEQ)EI* 15,141,258 GB and GD, as a whole (PT)ES 17,696,033 EF (PT)GI* 13,114,592 GD (SEQ)JS* 18,946,033 EF (PT) and FH (SEQ), as a wholeSH 1,250,000 FH (SEQ)

Group 6DI $ 8,333,333 DE (SEQ)

Group 7QI $92,501,111 AZ, QA and QC, as a whole (PAC)

* MACR Class.

See Payments — Interest — Notional Classes.

MACR Classes

This Series includes MACR Classes. Appendix A shows the characteristics of the MACR Classesand the Combinations of REMIC and MACR Classes.

See Appendix III to the Offering Circular for a description of MACR Certificates and exchangeprocedures and fees.

Principal

REMIC Classes

On each Payment Date, we pay:

Group 1

• The ZC Accrual Amount to CP, until retired, and then to ZC��

Type II PACand Accrual

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• The Z Accrual Amount and the Group 1 Asset Principal Amount in the following order ofpriority:

1. To the Type I PAC and Type II PAC Classes, until reduced to their Aggregate TargetedBalance, allocated as follows:

a. To the Type I PAC Classes, until reduced to their Aggregate Targeted Balance,allocated as follows:

i. To PA and PY, pro rata, while outstanding

ii. To PB, while outstanding

Type I PAC

b. To CP and ZC, in that order, while outstandingType II PAC

c. To the Type I PAC Classes, as described in step 1.a. above, but without regard to theirAggregate Targeted Balance, while outstanding

Type I PAC

2. To Z, until retiredSupport

3. To the Type I PAC and Type II PAC Classes, as described in step 1 above, but withoutregard to the Aggregate Targeted Balance for all such Classes, until retired

Type I PACandType II PAC

Group 2

• The MZ Accrual Amount to MB, until retired, and then to MZPAC andAccrual

• The ZM Accrual Amount and the Group 2 Asset Principal Amount in the following order ofpriority:

1. To MB and MZ, in that order, until reduced to their Aggregate Targeted BalancePAC

2. To ZM, until retiredSupport

3. To MB and MZ, in that order, until retiredPAC

Group 3

• The KZ Accrual Amount to KL and KM, pro rata, until retired, and then to KZPAC andAccrual

• The ZK Accrual Amount and the Group 3 Asset Principal Amount in the following order ofpriority:

1. To the PAC Classes, until reduced to their Aggregate Targeted Balance, allocated asfollows:

a. To KL and KM, pro rata, while outstanding

b. To KZ, while outstanding

PAC

2. To ZK, until retiredSupport

3. To the PAC Classes, as described in step 1 above, but without regard to their AggregateTargeted Balance, until retired

PAC

• The Z Accrual Amount and the Group 1 Asset Principal Amount in the following order ofpriority:

1. To the Type I PAC and Type II PAC Classes, until reduced to their Aggregate TargetedBalance, allocated as follows:

a. To the Type I PAC Classes, until reduced to their Aggregate Targeted Balance,allocated as follows:

i. To PA and PY, pro rata, while outstanding

ii. To PB, while outstanding

��

Type I PAC

b. To CP and ZC, in that order, while outstanding��Type II PAC

c. To the Type I PAC Classes, as described in step 1.a. above, but without regard to theirAggregate Targeted Balance, while outstanding

��

Type I PAC

2. To Z, until retired��Support

3. To the Type I PAC and Type II PAC Classes, as described in step 1 above, but withoutregard to the Aggregate Targeted Balance for all such Classes, until retired

��

Type I PACandType II PAC

Group 2

• The MZ Accrual Amount to MB, until retired, and then to MZ��

PAC andAccrual

• The ZM Accrual Amount and the Group 2 Asset Principal Amount in the following order ofpriority:

1. To MB and MZ, in that order, until reduced to their Aggregate Targeted Balance��PAC

2. To ZM, until retired��Support

3. To MB and MZ, in that order, until retired��PAC

Group 3

• The KZ Accrual Amount to KL and KM, pro rata, until retired, and then to KZ��

PAC andAccrual

• The ZK Accrual Amount and the Group 3 Asset Principal Amount in the following order ofpriority:

1. To the PAC Classes, until reduced to their Aggregate Targeted Balance, allocated asfollows:

a. To KL and KM, pro rata, while outstanding

b. To KZ, while outstanding

��

PAC

2. To ZK, until retired��Support

3. To the PAC Classes, as described in step 1 above, but without regard to their AggregateTargeted Balance, until retired

��

PAC

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Group 4

• The NZ Accrual Amount to AB and AY, in that order, until retired, and then to NZPAC andAccrual

• The Group 4 Asset Principal Amount in the following order of priority:

1. To AB, AY and NZ, in that order, until reduced to their Aggregate Targeted BalancePAC

2. To FC and SC, pro rata, until retiredSupport

3. To AB, AY and NZ, in that order, until retiredPAC

Group 5

• 28.4275904801% of the Group 5 Asset Principal Amount to EA, EF and EG, pro rata, untilretired

Pass-Through

• 42.2036584912% of the Group 5 Asset Principal Amount to GD and GB, in that order, untilretired

• 23.8913863174% of the Group 5 Asset Principal Amount in the following order of priority:

1. To JA and JB, pro rata, until retired

2. To JC, until retired


1. To FH and HE, pro rata, until retired

2. To HB, until retired

SequentialPay

Group 6

• The Group 6 Asset Principal Amount to DE and DB, in that order, until retiredSequentialPay

Group 7

• The AZ Accrual Amount to QC, until retired, and then to AZType II PACand Accrual

• The QZ Accrual Amount in the following order of priority:

1. To QA, until reduced to its Targeted BalanceType I PAC

2. To QC and AZ, in that order, until retiredType II PAC

3. To QA, until retiredType I PAC

4. To QZAccrual

• The ZQ Accrual Amount and the Group 7 Asset Principal Amount in the following order ofpriority:

1. To the PAC, Type I PAC and Type II PAC Classes, until reduced to their AggregateTargeted Balance, allocated as follows:

a. To QA, until reduced to its Targeted BalanceType I PAC

b. To QC and AZ, in that order, while outstandingType II PAC

Group 4

• The NZ Accrual Amount to AB and AY, in that order, until retired, and then to NZ��

PAC andAccrual

• The Group 4 Asset Principal Amount in the following order of priority:

1. To AB, AY and NZ, in that order, until reduced to their Aggregate Targeted Balance��PAC

2. To FC and SC, pro rata, until retired��Support

3. To AB, AY and NZ, in that order, until retired��PAC

Group 5

• 28.4275904801% of the Group 5 Asset Principal Amount to EA, EF and EG, pro rata, untilretired

��

Pass-Through

• 42.2036584912% of the Group 5 Asset Principal Amount to GD and GB, in that order, untilretired


1. To JA and JB, pro rata, until retired

2. To JC, until retired


1. To FH and HE, pro rata, until retired

2. To HB, until retired

��

SequentialPay

Group 6

• The Group 6 Asset Principal Amount to DE and DB, in that order, until retired��

SequentialPay

Group 7

• The AZ Accrual Amount to QC, until retired, and then to AZ��

Type II PACand Accrual

• The QZ Accrual Amount in the following order of priority:

1. To QA, until reduced to its Targeted Balance��Type I PAC

2. To QC and AZ, in that order, until retired��Type II PAC

3. To QA, until retired��Type I PAC

4. To QZ��Accrual

• The ZQ Accrual Amount and the Group 7 Asset Principal Amount in the following order ofpriority:

1. To the PAC, Type I PAC and Type II PAC Classes, until reduced to their AggregateTargeted Balance, allocated as follows:

a. To QA, until reduced to its Targeted Balance��Type I PAC

b. To QC and AZ, in that order, while outstanding��Type II PAC

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c. To QA, while outstandingType I PAC

d. To QZ, while outstandingPAC

2. To ZQ, until retiredSupport

3. To the PAC, Type I PAC and Type II PAC Classes, as described in step 1 above, butwithout regard to their Aggregate Targeted Balance, until retired

PAC,Type I PACandType II PAC

The “Aggregate Targeted Balances” and “Targeted Balances” are in Appendix B. They werecalculated using the following Structuring Ranges.

Structuring Range

Group 1Type I PAC and Type II PAC (Aggregate) . . . . . . . . . . . . . . . . 150% PSA - 225% PSAType I PAC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120% PSA - 225% PSA

Group 2PAC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165% PSA - 250% PSA

Group 3PAC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150% PSA - 250% PSA

Group 4PAC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135% PSA - 350% PSA

Group 7PAC, Type I PAC and Type II PAC (Aggregate) . . . . . . . . . . . 150% PSA - 295% PSAType I PAC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70% PSA - 350% PSA

See Payments — Principal and Prepayment and Yield Analysis.

MACR Classes

On each Payment Date when any outstanding MACR Certificates are entitled to principal payments,we allocate such payments from the applicable REMIC Certificates to those MACR Certificates, asdescribed under MACR Certificates in the Offering Circular.

REMIC Status

We will form an Upper-Tier REMIC Pool and a Lower-Tier REMIC Pool for this Series. We willelect to treat each REMIC Pool as a REMIC under the Code. R and RS will be “Residual Classes” andthe other Classes shown on the front cover will be “Regular Classes.” The Residual Classes will besubject to transfer restrictions. See Certain Federal Income Tax Consequences in this Supplement and theOffering Circular.

Weighted Average Lives (in years)(1)

Group 1

0% 120% 180% 225% 400%PSA Prepayment Assumption

CP. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.2 8.1 1.8 1.8 1.1PA and PY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.9 5.5 5.5 5.5 3.5PB. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.7 19.0 19.0 19.0 12.0PI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.1 6.8 6.7 6.7 4.2Z . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.4 18.6 10.6 2.3 0.7ZC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.5 9.5 4.8 4.8 1.5Group 1 Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.6 9.2 7.2 6.1 3.7

(1) We calculate weighted average lives based on the assumptions described in Prepayment and Yield Analysis. The actualweighted average lives are likely to differ from those shown, perhaps significantly.

c. To QA, while outstanding��Type I PAC

d. To QZ, while outstanding��PAC

2. To ZQ, until retired��Support

3. To the PAC, Type I PAC and Type II PAC Classes, as described in step 1 above, butwithout regard to their Aggregate Targeted Balance, until retired

��

PAC,Type I PACandType II PAC

The “Aggregate Targeted Balances” and “Targeted Balances” are in Appendix B. They werecalculated using the following Structuring Ranges.

Structuring Range

Group 1Type I PAC and Type II PAC (Aggregate) . . . . . . . . . . . . . . . . 150% PSA - 225% PSAType I PAC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120% PSA - 225% PSA

Group 2PAC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165% PSA - 250% PSA

Group 3PAC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150% PSA - 250% PSA

Group 4PAC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135% PSA - 350% PSA

Group 7PAC, Type I PAC and Type II PAC (Aggregate) . . . . . . . . . . . 150% PSA - 295% PSAType I PAC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70% PSA - 350% PSA

See Payments — Principal and Prepayment and Yield Analysis.

MACR Classes

On each Payment Date when any outstanding MACR Certificates are entitled to principal payments,we allocate such payments from the applicable REMIC Certificates to those MACR Certificates, asdescribed under MACR Certificates in the Offering Circular.

REMIC Status

We will form an Upper-Tier REMIC Pool and a Lower-Tier REMIC Pool for this Series. We willelect to treat each REMIC Pool as a REMIC under the Code. R and RS will be “Residual Classes” andthe other Classes shown on the front cover will be “Regular Classes.” The Residual Classes will besubject to transfer restrictions. See Certain Federal Income Tax Consequences in this Supplement and theOffering Circular.

Weighted Average Lives (in years)(1)

Group 1


CP. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.2 8.1 1.8 1.8 1.1PA and PY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.9 5.5 5.5 5.5 3.5PB. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.7 19.0 19.0 19.0 12.0PI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.1 6.8 6.7 6.7 4.2Z . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.4 18.6 10.6 2.3 0.7ZC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.5 9.5 4.8 4.8 1.5Group 1 Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.6 9.2 7.2 6.1 3.7

(1) We calculate weighted average lives based on the assumptions described in Prepayment and Yield Analysis. The actualweighted average lives are likely to differ from those shown, perhaps significantly.

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Group 2


MB and MI. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.5 6.1 6.1 6.1 3.5MZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.5 23.8 23.8 23.8 14.8ZM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.1 17.1 10.9 2.4 0.7Group 2 Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.9 7.9 7.0 5.8 3.2

0% 70% 150% 165% 196% 250% 350% 500%PSA Prepayment Assumption

ZA(2) . . . . . . . . . . . . . . . . . 23.2 23.1 23.1 23.1 23.1 23.1 20.5 15.6

Group 3


KI, KL and KM . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.7 5.7 5.7 5.7 3.0KZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.7 23.5 23.5 23.5 15.1ZK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26.6 16.4 8.7 1.9 0.4Group 3 Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.9 7.7 6.4 5.2 2.6

Group 4


AB, AC, AD, AE, AG, AH, AI, AJ, AK, AL, AM,AN, AP, AQ, AT, AU, AW and AX . . . . . . . . . . . 14.5 3.9 3.9 3.9 3.6

AY, YC, YD, YE, YG, YH, YI, YJ, YK, YL, YM,YN, YP, YQ, YT, YU, YW and YX . . . . . . . . . . . 24.2 12.2 12.2 12.2 10.8

FC and SC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.7 16.0 12.3 1.9 1.4NA, NB, NC, ND, NE, NG, NH, NI, NJ, NK, NL,

NM, NP, NQ, NT, NU, NW and NY. . . . . . . . . . . 15.7 5.0 5.0 5.0 4.5NZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.1 20.8 20.8 20.8 18.9Group 4 Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.6 8.5 7.4 4.1 3.6

Group 5

0% 100% 250% 409% 650% 900%PSA Prepayment Assumption

BA, BC, BD, BE, BG, BH, BI, BK, BL,BM, BN, BO and GB. . . . . . . . . . . . . . . . 19.2 17.2 13.3 9.8 6.6 4.8

EA, EB, EC, ED, EF, EG, EH, EI, EJ, EK,EM, EN, EO, EP, ES, ET,EU and Group 5 Assets . . . . . . . . . . . . . . 11.9 8.0 5.3 3.9 2.7 2.1

FH, HE and SH . . . . . . . . . . . . . . . . . . . . . . 11.2 7.0 4.4 3.2 2.3 1.8GA, GC, GD, GE, GH, GI, GJ, GK, GL,

GM, GN, GO and GP . . . . . . . . . . . . . . . 10.8 6.5 4.1 3.0 2.2 1.7GY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.0 16.8 12.8 9.3 6.3 4.6HB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.5 17.9 14.4 10.8 7.2 5.2JA and JB. . . . . . . . . . . . . . . . . . . . . . . . . . . 10.2 5.9 3.7 2.7 2.0 1.6JC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.8 16.2 11.9 8.6 5.8 4.3JD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.8 16.3 12.2 8.9 6.0 4.4JF and JS . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.9 7.9 5.3 3.8 2.7 2.1

(2) MACR Class formed from Classes in Groups 2, 3 and 7.

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Group 6


DB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.9 14.5 13.1 10.3 8.2DE and DI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.4 5.6 3.5 2.6 2.1Group 6 Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.5 5.7 3.6 2.7 2.2

Group 7


AZ. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.3 20.3 20.3 7.0 2.0QA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.1 5.2 5.2 5.2 3.7QC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.8 10.3 5.4 2.4 1.3QI . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.1 6.3 5.2 4.5 3.2QZ. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.7 22.7 22.7 20.7 15.8ZQ. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.7 19.1 10.0 1.1 0.5Group 7 Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.9 11.2 6.4 3.8 2.6

The Assets

The “Assets” consist of Freddie Mac PCs with the following characteristics:

Group Principal BalanceOriginal Term

(in years) Interest Rate

1 $440,000,000 30 4.0%2 11,686,852 30 4.53 78,616,484 30 4.54 171,467,000 30 4.05 125,568,268 20 3.56* 50,505,050 10 and 15 3.07 215,659,000 30 4.5

* Approximately 33.66% of the Group 6 Assets are 10-year PCs and approximately 66.34% of the Group 6 Assets are 15-yearPCs.

See General Information — Structure of Transaction.

We will publish a Supplemental Statement applicable to this Series shortly after the Closing Date.The Supplemental Statement will contain a schedule of the Assets and other information. See AvailableInformation.

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Assumed Mortgage Characteristics (as of March 1, 2012)

Group Principal Balance

Remaining Termto Maturity(in months)

Loan Age(in months)

Per AnnumInterest Rate


of Related PCs

1 $440,000,000 343 13 4.480% 4.0%2 11,686,852 349 9 4.880 4.53 78,616,484 325 30 4.930 4.54 171,467,000 343 15 4.470 4.05 125,568,268 237 3 3.970 3.5

6$ 33,505,050 177 3 3.519 3.0

17,000,000 116 4 3.400 3.0$ 50,505,050 156* 3* 3.479*

7 $215,659,000 325 30 5.000 4.5

* Weighted average by principal balance.

The actual characteristics of the Mortgages differ from those shown, in some cases significantly.

See General Information — The Mortgages.

Assumed Mortgage Characteristics (as of March 1, 2012)

Group Principal Balance

Remaining Termto Maturity(in months)

Loan Age(in months)



of Related PCs

1 $440,000,000 343 13 4.480% 4.0%2 11,686,852 349 9 4.880 4.53 78,616,484 325 30 4.930 4.54 171,467,000 343 15 4.470 4.05 125,568,268 237 3 3.970 3.5

6$ 33,505,050 177 3 3.519 3.0

17,000,000 116 4 3.400 3.0$ 50,505,050

�� 156* 3* 3.479*

7 $215,659,000 325 30 5.000 4.5

* Weighted average by principal balance.

The actual characteristics of the Mortgages differ from those shown, in some cases significantly.

See General Information — The Mortgages.

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AVAILABLE INFORMATION

We incorporate by reference in this Supplement the Incorporated Documents listed under AdditionalInformation in the Offering Circular.

When we incorporate documents by reference, that means we are disclosing information to you byreferring to those documents rather than by providing you with separate copies. The IncorporatedDocuments are considered part of this Supplement. You should purchase Certificates only if you haveread and understood this Supplement, the Offering Circular and the Incorporated Documents. Infor-mation that we incorporate by reference will automatically update information in this Supplement. Wewill also publish a Supplemental Statement applicable to this Series shortly after the Closing Date. TheSupplemental Statement will contain a schedule of the Assets and other information. You should relyonly on the most current information provided or incorporated by reference in this Supplement and anyapplicable Supplemental Statement.

You may read and copy any document we file with the SEC at the SEC’s public reference room at100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for furtherinformation on the public reference room. The SEC also maintains a website at http://www.sec.gov thatcontains reports, proxy and information statements, and other information regarding companies that fileelectronically with the SEC.

You can obtain, without charge, copies of the Incorporated Documents, any documents wesubsequently file with the SEC, the Trust Agreement and current information concerning the Assetsand Certificates, as well as the disclosure documents and current information for any other securities weissue, from our Investor Inquiry Department or our internet website as described on page 7 of the OfferingCircular. You can also obtain the documents listed above from the Underwriter at:

Morgan Stanley & Co. LLCc/o Broadridge Financial Solutions

Prospectus Department1155 Long Island Avenue

Edgewood, New York 11717(631) 254-7307

GENERAL INFORMATION

The Trust Agreement

We will form a trust fund to hold the Assets and to issue the Certificates, each pursuant to theMulticlass Certificates Master Trust Agreement dated June 1, 2010 and a Terms Supplement dated theClosing Date (together, the “Trust Agreement”). We will act as Trustee and Administrator under theTrust Agreement.

You should refer to the Trust Agreement for a complete description of your rights and obligationsand those of Freddie Mac. You will acquire your Certificates subject to the terms and conditions of theTrust Agreement, including the Terms Supplement.

Form of Certificates

The Regular and MACR Classes are issued, held and transferable on the Fed System. The ResidualClasses are issued and held in certificated form and are transferable at the office of the Registrar.

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Only a Fed Participant can be a Holder of a Regular or MACR Class. As an investor in Certificates,you are not necessarily the Holder.

See Description of Certificates — Form, Holders and Payment Procedures in the Offering Circular.

Denominations of Certificates

See Description of Certificates — Form, Holders and Payment Procedures in the Offering Circularfor the minimum denominations of the Classes.

Structure of Transaction

General

This Series is a Double-Tier Series, structured as follows:

REMIC Pool Classes Issued from REMIC Pool REMIC Pool Assets

Upper-Tier All Regular Classes and R All Lower-Tier regular interestsLower-Tier RS The Assets

See Description of Certificates — REMIC Pool Structures in the Offering Circular.

The Assets

The Assets are Gold PCs and/or Gold Giant PCs.

The Mortgages

The Mortgages underlying the Assets (the “Mortgages”) are fixed-rate, first lien residentialmortgages and mortgage participations.

For purposes of this Supplement, we have made certain assumptions regarding the Mortgages, asshown under Terms Sheet — Assumed Mortgage Characteristics. However, the actual characteristics ofmost of the Mortgages differ from those assumed, perhaps significantly. This is the case even if theweighted average characteristics of the Mortgages are the same as those of mortgages having thecharacteristics assumed.

We may furnish some or all of the Assets from our own portfolio. Assets from our portfolio, or fromother sources, may emphasize specific Mortgage characteristics, such as loan purpose, source oforigination, geographic distribution or loan size, or specific borrower characteristics, such as creditscore or equity in the property. You can obtain information about the underlying Mortgage characteristicsfor the Assets from our internet website.

PAYMENTS

Payment Dates; Record Dates

We make payments of principal and interest on the Certificates on each Payment Date, beginning inthe month following the Closing Date. A “Payment Date” is the 15th of each month or, if the 15th is not aBusiness Day, the next Business Day.

On each Payment Date, any payment on a Certificate is made to the Holder of record as of the end ofthe preceding calendar month.

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Method of Payment

You will receive payments on your Certificates in the manner described under Description ofCertificates — Form, Holders and Payment Procedures in the Offering Circular.

Categories of Classes

For purposes of principal and interest payments, we have categorized the Classes as shown under“Principal Type” and “Interest Type” on the front cover and Appendix A. Appendix II to the OfferingCircular explains the abbreviations used for categories of Classes.

Interest

We pay 30 days’ interest on each Payment Date to the Holders of each Class on which interest hasaccrued, except that the Accrual Classes receive payments as described below. We calculate each interestpayment on the outstanding balance of the Class immediately before the Payment Date and on the basisof a 360-day year of twelve 30-day months.

Accrual Period

The “Accrual Period” for each Payment Date is:

• For Fixed Rate Classes — the preceding calendar month.

• For Floating Rate and Inverse Floating Rate Classes — from the 15th of the preceding monthto the 15th of the month of that Payment Date.

Fixed Rate Classes

The Fixed Rate Classes bear interest at the Class Coupons shown on the front cover and Appendix A.

Notional Classes

The Notional Classes do not receive principal payments. For calculating interest payments, theNotional Classes have notional principal amounts that will reduce as shown under Terms Sheet —Notional Classes.

Floating Rate and Inverse Floating Rate Classes

The Floating Rate and Inverse Floating Rate Classes bear interest as shown under Terms Sheet —Interest. Their Class Coupons are based on one-month LIBOR.

We determine LIBOR and calculate the Class Coupons for the Floating Rate and Inverse FloatingRate Classes as described in Appendix V to the Offering Circular.

Accrual Classes

AZ, KZ, MZ, NZ, QZ, Z, ZA, ZC, ZK, ZM and ZQ are Accrual Classes. The Accrual Classes do notreceive interest payments; rather, interest accrued on an Accrual Class during each Accrual Period isadded to its principal amount on the related Payment Date. We pay principal on each Accrual Class,including accrued interest that has been added to its principal amount, as described under Terms Sheet —Principal.

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Principal

We pay principal on each Payment Date to the Holders of the Classes on which principal is then due.Holders receive principal payments on a pro rata basis among the Certificates of their Class.

Amount of Payments

The principal payments on the Certificates on each Payment Date equal:

• The amount of interest accrued on each REMIC Accrual Class during the related AccrualPeriod and not payable as interest on that Payment Date (the “AZ Accrual Amount,” the“KZ Accrual Amount” and so forth).

• The amount of principal required to be paid in the same month on the Assets of each Group(the “Group 1 Asset Principal Amount,” the “Group 2 Asset Principal Amount” and soforth).

Allocation of Payments

On each Payment Date, we pay the Accrual Amounts and the Asset Principal Amounts for thatPayment Date as described under Terms Sheet — Principal. Principal allocable to the REMIC Classesreceiving payments from a particular Asset Group will be allocated only to those REMIC Classes andwill not be available for REMIC Classes receiving payments from the other Asset Groups.

Class Factors

General

We make Class Factors available on or about the fifth business day of each month after the ClosingDate. See Description of Certificates — Payments — Class Factors in the Offering Circular.

Use of Factors

You can calculate principal and interest payments by using the Class Factors.

For example, the reduction (or for an Accrual Class, the increase) in the balance of a Certificate inFebruary will equal its original balance times the difference between its January and February ClassFactors. The amount of interest to be paid on (or for an Accrual Class, added to the principal balance of) aCertificate in February will equal 30 days’ interest at its Class Coupon, accrued during the relatedAccrual Period, on the balance of that Certificate determined by its January Class Factor.

Guarantees

We guarantee to each Holder of a Certificate the timely payment of interest at its Class Coupon andthe payment of its principal amount as described in this Supplement. See Description of Certificates —Payments — Guarantees in the Offering Circular.

1% Clean-up Call

We have a 1% Clean-up Call Right. If we exercise this right, all of the Classes then outstanding willbe paid in full and will retire. See Description of Certificates — Payments — 1% Clean-up Call in theOffering Circular.

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Residual Proceeds

Upon surrender of their Certificates to the Registrar, the Holders of each Residual Class will receivethe proceeds of any remaining assets of the related REMIC Pool after all required principal and interestpayments on the Classes have been made. Any remaining assets are likely to be insignificant. SeeDescription of Certificates — Payments — Residual Classes in the Offering Circular.

PREPAYMENT AND YIELD ANALYSIS

General

Mortgage Prepayments

The rates of principal payments on the Assets and the Certificates will depend on the rates ofprincipal payments, including prepayments, on the underlying Mortgages. The Mortgages are subject toprepayment at any time without penalty. Mortgage prepayment rates fluctuate continuously and, in somemarket conditions, substantially. See Prepayment, Yield and Suitability Considerations — Prepaymentsin the Offering Circular for a discussion of Mortgage prepayment considerations and risks.

Yield

As an investor in the Certificates, your yield will depend on:

• Your purchase price.

• The rate of principal payments on the underlying Mortgages.

• The actual characteristics of the underlying Mortgages.

• If you own a Floating Rate or Inverse Floating Rate Class, the level of LIBOR.

• If you own a Fixed Rate Class, the delay between its Accrual Period and the related PaymentDate.

See Prepayment, Yield and Suitability Considerations — Yields in the Offering Circular for adiscussion of yield considerations and risks.

Suitability

The Certificates may not be suitable investments for you. See Prepayment, Yield and SuitabilityConsiderations — Suitability in the Offering Circular for a discussion of suitability considerations andrisks.

Modeling Assumptions

To prepare the tables in this Supplement, we have made several assumptions. Unless otherwisenoted, each table employs the following assumptions (the “Modeling Assumptions”), among others:

• The Mortgages have the characteristics shown under Terms Sheet — Assumed MortgageCharacteristics.

• The Classes and Assets always receive payments on the 15th of the month, whether or not aBusiness Day.

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• We do not exercise our 1% Clean-up Call Right.

• Each Class is outstanding from the Closing Date to retirement and no exchanges occur.

The Modeling Assumptions, like any other stated assumptions, are likely to differ from actualexperience in many cases. For example, the Mortgages have characteristics more diverse than thoseassumed, many Payment Dates will occur on a Business Day after the dates assumed and we may exerciseour 1% Clean-up Call Right. Moreover, Mortgage prepayment rates will differ from the percentages ofPSA shown in the tables. These differences will affect the actual payment behavior, weighted averagelives and yields of the Classes, perhaps significantly.

See Prepayment, Yield and Suitability Considerations — Tabular Information in Supplements in theOffering Circular for descriptions of weighted average life and yield calculations and the PSA prepay-ment model.

Prepayment and Weighted Average Life Considerations

PAC Classes

Principal payments on the PAC Classes should be more stable than would be the case if they did notreceive such payments, to the extent of available principal, in accordance with their schedules. Moreover,they will have cumulative priorities for future payments if they fall behind their schedules. Based on theModeling Assumptions, each of these Classes has a range of constant Mortgage prepayment rates (an“Effective Range”) at which it would receive scheduled payments. The Effective Range at any timedepends on the actual or assumed characteristics of the underlying Mortgages at that time. Based on theModeling Assumptions, each PAC Class would receive scheduled payments until retirement if theunderlying Mortgages were to prepay at any constant percentage of PSAwithin its initial Effective Rangeshown in the following table.

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Initial Effective RangesClass Range

Group 1Type I PAC

PA and PY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120% PSA - 225% PSAPB. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71% PSA - 225% PSA

Type II PACCP. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150% PSA - 233% PSAZC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135% PSA - 233% PSA

Group 2PAC

MB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165% PSA - 250% PSAMZ and ZA* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14% PSA - 250% PSA

Group 3PAC

KL and KM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150% PSA - 250% PSAKZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0% PSA - 250% PSA

Group 4PAC

AB, AC, AD, AE, AG, AH, AJ, AK, AL, AM, AN, AP,AQ, AT, AU, AW, AX, NA, NB, NC, ND, NE, NG, NH,NJ, NK, NL, NM, NP, NQ, NT, NU, NW and NY . . . . . . 135% PSA - 350% PSA

AY, YC, YD, YE, YG, YH, YJ, YK, YL, YM, YN, YP,YQ, YT, YU, YW and YX . . . . . . . . . . . . . . . . . . . . . . . . 118% PSA - 350% PSA

NZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45% PSA - 350% PSAGroup 7

PACQZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0% PSA - 295% PSA

Type I PACQA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70% PSA - 350% PSA

Type II PACAZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0% PSA - 295% PSAQC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150% PSA - 295% PSA

* MACR Class formed from Classes in Groups 2, 3 and 7.

The initial Effective Ranges, if calculated using the actual characteristics of the Mortgages, coulddiffer from those shown in the table. Even if the Mortgages were to prepay at a constant rate within theinitial Effective Range shown for any Class, but near the upper or lower end of that Effective Range, thatClass might not receive scheduled payments.

Non-constant prepayment rates can cause any Class not to receive scheduled payments, even if suchrates remain within its Effective Range shown above. The Effective Ranges can narrow or “drift” upwardor downward over time. Under many scenarios the Classes shown in the table, especially the Type II PACClasses, would not receive scheduled payments.

Other Classes support the principal payment stability of the PAC Classes, as shown below. When itssupporting Classes all retire, any outstanding PAC Class will become more sensitive to Mortgageprepayments and its Effective Range will no longer exist. If a Type II PAC Class supports any other Classat that time, its principal payment behavior will become similar to that of a Support Class, as describedbelow.

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Supporting ClassesClasses Supported by

Group 1Type I PAC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Type II PAC and SupportType II PAC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Support

Group 2PAC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Support



Group 7Type I PAC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Type II PAC and SupportType II PAC and PAC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Support

If the underlying Mortgages prepay at rates that are generally below the Effective Range for anyClass, the available principal may be insufficient to produce scheduled payments on that Class and itsweighted average life may extend, perhaps significantly. If the underlying Mortgages prepay at rates thatare generally above the Effective Range for any Class, its weighted average life may shorten, perhapssignificantly. However, the weighted average life of any PAC Class could extend (or shorten) under somescenarios, including “whipsaw” scenarios, involving Mortgage prepayments at rates that, on average, areabove (or below) its Effective Range.

We distribute all available principal monthly on each Payment Date and do not retain it fordistribution on subsequent Payment Dates. As a result, the likelihood that the PAC Classes will receivescheduled payments will not benefit from averaging high and low principal payments in different months.

Support Classes

The Support Classes support the principal payment stability of the PAC Classes as described above.As a result, each Support Class is likely to be much more sensitive to Mortgage prepayments than is anyClass it supports. The Support Classes may receive no principal payments for extended periods of time,and their principal payment rates may vary widely from month to month. Relatively fast Mortgageprepayments may significantly shorten, and relatively slow Mortgage prepayments may significantlyextend, the weighted average lives of the Support Classes.

Sequential Pay Classes

The Sequential Pay Classes receive principal payments from their related Assets in a prescribedsequence.

Pass-Through Classes

Each Pass-Through Class receives a specified portion of the principal payments made on theGroup 5 Assets. The sensitivity of each Pass-Through Class to prepayments on the underlying Mortgagesis the same as that of the Group 5 Assets.

MACR Classes

The payment characteristics of the MACR Classes reflect the payment characteristics of theirrelated REMIC Classes.

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Declining Balances Table

The following table shows:

• Percentages of original balances (as of the Closing Date) that would be outstanding aftereach of the Payment Dates shown at various percentages of PSA.

• Corresponding weighted average lives.

We have prepared this table using the Modeling Assumptions. However, for 0% PSA we haveassumed that each Mortgage has (a) an interest rate 2.5% higher than that of the related PCs and (b) aremaining term to maturity of 120, 180, 240 or 360 months, as applicable, and a loan age of 0 months. Wehave calculated weighted average lives for each Notional Class assuming that a reduction in its notionalprincipal amount is a reduction in principal balance.

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Percentages of Original Balances Outstanding(1) and Weighted Average Lives

Group 1

Date 0% 120% 180% 225% 400% 0% 120% 180% 225% 400% 0% 120% 180% 225% 400%

PSA Prepayment AssumptionPSA Prepayment AssumptionPSA Prepayment Assumption

PBPA and PYCP

Closing Date . . . . . . . . . . . . . . . . . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100March 15, 2013 . . . . . . . . . . . . . . . . . 100 100 75 75 75 98 91 91 91 91 100 100 100 100 100March 15, 2014 . . . . . . . . . . . . . . . . . 100 100 40 40 0 96 80 80 80 71 100 100 100 100 100March 15, 2015 . . . . . . . . . . . . . . . . . 100 100 16 16 0 93 69 69 69 50 100 100 100 100 100March 15, 2016 . . . . . . . . . . . . . . . . . 100 100 3 3 0 91 58 58 58 35 100 100 100 100 100March 15, 2017 . . . . . . . . . . . . . . . . . 100 100 0 0 0 88 49 49 49 23 100 100 100 100 100March 15, 2018 . . . . . . . . . . . . . . . . . 100 95 0 0 0 85 40 40 40 14 100 100 100 100 100March 15, 2019 . . . . . . . . . . . . . . . . . 100 82 0 0 0 82 33 33 33 8 100 100 100 100 100March 15, 2020 . . . . . . . . . . . . . . . . . 100 59 0 0 0 79 26 26 26 3 100 100 100 100 100March 15, 2021 . . . . . . . . . . . . . . . . . 100 22 0 0 0 75 20 20 20 0 100 100 100 100 96March 15, 2022 . . . . . . . . . . . . . . . . . 100 0 0 0 0 72 15 15 15 0 100 100 100 100 71March 15, 2023 . . . . . . . . . . . . . . . . . 100 0 0 0 0 68 11 11 11 0 100 100 100 100 52March 15, 2024 . . . . . . . . . . . . . . . . . 100 0 0 0 0 64 7 7 7 0 100 100 100 100 38March 15, 2025 . . . . . . . . . . . . . . . . . 100 0 0 0 0 59 4 4 4 0 100 100 100 100 28March 15, 2026 . . . . . . . . . . . . . . . . . 100 0 0 0 0 55 2 2 2 0 100 100 100 100 20March 15, 2027 . . . . . . . . . . . . . . . . . 100 0 0 0 0 50 0 0 0 0 100 95 95 95 14March 15, 2028 . . . . . . . . . . . . . . . . . 100 0 0 0 0 45 0 0 0 0 100 78 78 78 10March 15, 2029 . . . . . . . . . . . . . . . . . 100 0 0 0 0 39 0 0 0 0 100 63 63 63 7March 15, 2030 . . . . . . . . . . . . . . . . . 100 0 0 0 0 34 0 0 0 0 100 51 51 51 5March 15, 2031 . . . . . . . . . . . . . . . . . 100 0 0 0 0 28 0 0 0 0 100 41 41 41 4March 15, 2032 . . . . . . . . . . . . . . . . . 100 0 0 0 0 21 0 0 0 0 100 32 32 32 3March 15, 2033 . . . . . . . . . . . . . . . . . 100 0 0 0 0 14 0 0 0 0 100 25 25 25 2March 15, 2034 . . . . . . . . . . . . . . . . . 100 0 0 0 0 7 0 0 0 0 100 19 19 19 1March 15, 2035 . . . . . . . . . . . . . . . . . 100 0 0 0 0 0 0 0 0 0 91 15 15 15 1March 15, 2036 . . . . . . . . . . . . . . . . . 100 0 0 0 0 0 0 0 0 0 12 11 11 11 0March 15, 2037 . . . . . . . . . . . . . . . . . 0 0 0 0 0 0 0 0 0 0 7 7 7 7 0March 15, 2038 . . . . . . . . . . . . . . . . . 0 0 0 0 0 0 0 0 0 0 5 5 5 5 0March 15, 2039 . . . . . . . . . . . . . . . . . 0 0 0 0 0 0 0 0 0 0 3 3 3 3 0March 15, 2040 . . . . . . . . . . . . . . . . . 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0March 15, 2041 . . . . . . . . . . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0March 15, 2042 . . . . . . . . . . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted AverageLife (Years) . . . . . . . . . . . . . . . . . . 24.2 8.1 1.8 1.8 1.1 13.9 5.5 5.5 5.5 3.5 23.7 19.0 19.0 19.0 12.0

Date 0% 120% 180% 225% 400% 0% 120% 180% 225% 400% 0% 120% 180% 225% 400%


ZCZPI



(1) Rounded to nearest whole percentage.

S-20

Date 0% 120% 180% 225% 400%

PSA Prepayment Assumption

Group 1 Assets

Closing Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 100 100 100 100March 15, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99 94 91 90 83March 15, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98 85 80 76 62March 15, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96 78 70 65 46March 15, 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 71 61 55 35March 15, 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94 64 53 46 26March 15, 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92 58 46 39 19March 15, 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 52 40 33 14March 15, 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89 47 35 28 10March 15, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87 42 30 23 8March 15, 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 38 26 19 6March 15, 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 83 34 22 16 4March 15, 2024 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 30 19 13 3March 15, 2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78 27 16 11 2March 15, 2026 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75 24 14 9 2March 15, 2027 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73 21 12 8 1March 15, 2028 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 19 10 6 1March 15, 2029 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66 16 8 5 1March 15, 2030 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 14 7 4 0March 15, 2031 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 12 6 3 0March 15, 2032 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 10 5 3 0March 15, 2033 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 9 4 2 0March 15, 2034 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 7 3 2 0March 15, 2035 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 6 2 1 0March 15, 2036 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 4 2 1 0March 15, 2037 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 3 1 1 0March 15, 2038 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 2 1 0 0March 15, 2039 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 1 0 0 0March 15, 2040 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 0 0 0 0March 15, 2041 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 0 0 0 0March 15, 2042 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 0 0 0

Weighted AverageLife (Years) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.6 9.2 7.2 6.1 3.7

Group 2

Date 0% 165% 196% 250% 500% 0% 165% 196% 250% 500%

PSA Prepayment AssumptionPSA Prepayment Assumption

MZMB and MI

Closing Date . . . . . . . . . . . . . . . . . . . 100 100 100 100 100 100 100 100 100 100March 15, 2013 . . . . . . . . . . . . . . . . . 98 92 92 92 92 105 105 105 105 105March 15, 2014 . . . . . . . . . . . . . . . . . 96 81 81 81 69 109 109 109 109 109March 15, 2015 . . . . . . . . . . . . . . . . . 94 69 69 69 47 114 114 114 114 114March 15, 2016 . . . . . . . . . . . . . . . . . 91 59 59 59 32 120 120 120 120 120March 15, 2017 . . . . . . . . . . . . . . . . . 89 50 50 50 22 125 125 125 125 125March 15, 2018 . . . . . . . . . . . . . . . . . 86 42 42 42 14 131 131 131 131 131March 15, 2019 . . . . . . . . . . . . . . . . . 83 35 35 35 10 137 137 137 137 137March 15, 2020 . . . . . . . . . . . . . . . . . 80 29 29 29 6 143 143 143 143 143March 15, 2021 . . . . . . . . . . . . . . . . . 77 24 24 24 4 150 150 150 150 150March 15, 2022 . . . . . . . . . . . . . . . . . 74 19 19 19 2 157 157 157 157 157March 15, 2023 . . . . . . . . . . . . . . . . . 70 15 15 15 1 164 164 164 164 164March 15, 2024 . . . . . . . . . . . . . . . . . 66 12 12 12 0 171 171 171 171 171March 15, 2025 . . . . . . . . . . . . . . . . . 62 10 10 10 0 179 179 179 179 137March 15, 2026 . . . . . . . . . . . . . . . . . 58 8 8 8 0 188 188 188 188 92March 15, 2027 . . . . . . . . . . . . . . . . . 53 6 6 6 0 196 196 196 196 61March 15, 2028 . . . . . . . . . . . . . . . . . 49 4 4 4 0 205 205 205 205 41March 15, 2029 . . . . . . . . . . . . . . . . . 43 3 3 3 0 215 215 215 215 27March 15, 2030 . . . . . . . . . . . . . . . . . 38 2 2 2 0 224 224 224 224 18March 15, 2031 . . . . . . . . . . . . . . . . . 32 1 1 1 0 235 235 235 235 12March 15, 2032 . . . . . . . . . . . . . . . . . 26 1 1 1 0 246 246 246 246 7March 15, 2033 . . . . . . . . . . . . . . . . . 19 0 0 0 0 257 245 245 245 5March 15, 2034 . . . . . . . . . . . . . . . . . 12 0 0 0 0 269 187 187 187 3March 15, 2035 . . . . . . . . . . . . . . . . . 4 0 0 0 0 281 140 140 140 2March 15, 2036 . . . . . . . . . . . . . . . . . 0 0 0 0 0 101 101 101 101 1March 15, 2037 . . . . . . . . . . . . . . . . . 0 0 0 0 0 71 71 71 71 1March 15, 2038 . . . . . . . . . . . . . . . . . 0 0 0 0 0 47 47 47 47 0March 15, 2039 . . . . . . . . . . . . . . . . . 0 0 0 0 0 27 27 27 27 0March 15, 2040 . . . . . . . . . . . . . . . . . 0 0 0 0 0 12 12 12 12 0March 15, 2041 . . . . . . . . . . . . . . . . . 0 0 0 0 0 1 1 1 1 0March 15, 2042 . . . . . . . . . . . . . . . . . 0 0 0 0 0 0 0 0 0 0

Weighted AverageLife (Years) . . . . . . . . . . . . . . . . . . 14.5 6.1 6.1 6.1 3.5 24.5 23.8 23.8 23.8 14.8

S-21

Date 0% 70% 150% 165% 196% 250% 350% 500%


ZA(2)

Closing Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 100 100 100 100 100 100 100March 15, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 105 105 105 105 105 105 105March 15, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109 109 109 109 109 109 109 109March 15, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114 114 114 114 114 114 114 114March 15, 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 120 120 120 120 120 120 120March 15, 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125 125 125 125 125 125 125 125March 15, 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 131 131 131 131 131 131 131 131March 15, 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 137 137 137 137 137 137 137 137March 15, 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 143 143 143 143 143 143 143 143March 15, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150 150 150 150 150 150 150 150March 15, 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 157 157 157 157 157 157 157 157March 15, 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 164 164 164 164 164 164 164 164March 15, 2024 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 171 171 171 171 171 171 171 171March 15, 2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 179 179 179 179 179 179 179 170March 15, 2026 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 188 188 188 188 188 188 188 130March 15, 2027 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 196 196 196 196 196 196 196 86March 15, 2028 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 205 205 205 205 205 205 205 56March 15, 2029 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 215 215 215 215 215 215 213 37March 15, 2030 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 224 224 224 224 224 224 201 24March 15, 2031 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 235 235 235 235 235 235 150 15March 15, 2032 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 246 246 246 246 246 246 106 10March 15, 2033 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 220 219 219 219 219 219 74 6March 15, 2034 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 188 162 162 162 162 162 50 4March 15, 2035 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122 112 112 112 112 112 33 2March 15, 2036 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73 73 73 73 73 73 20 1March 15, 2037 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 43 43 43 43 43 11 1March 15, 2038 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 20 20 20 20 20 5 0March 15, 2039 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 3 3 3 3 1 0March 15, 2040 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1 1 1 1 1 0 0March 15, 2041 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 0 0 0 0 0 0March 15, 2042 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 0 0 0 0 0 0

Weighted AverageLife (Years) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.2 23.1 23.1 23.1 23.1 23.1 20.5 15.6

Date 0% 165% 196% 250% 500% 0% 165% 196% 250% 500%

PSA Prepayment AssumptionPSA Prepayment Assumption

Group 2 AssetsZM

Closing Date . . . . . . . . . . . . . . . . . . . 100 100 100 100 100 100 100 100 100 100March 15, 2013 . . . . . . . . . . . . . . . . . 105 100 93 82 26 99 93 92 91 83March 15, 2014 . . . . . . . . . . . . . . . . . 109 100 83 54 0 98 84 81 77 60March 15, 2015 . . . . . . . . . . . . . . . . . 114 100 74 31 0 97 74 70 64 41March 15, 2016 . . . . . . . . . . . . . . . . . 120 100 68 16 0 95 65 61 54 28March 15, 2017 . . . . . . . . . . . . . . . . . 125 100 64 6 0 94 58 53 45 19March 15, 2018 . . . . . . . . . . . . . . . . . 131 100 61 1 0 93 51 45 37 13March 15, 2019 . . . . . . . . . . . . . . . . . 137 100 60 0 0 91 45 39 31 9March 15, 2020 . . . . . . . . . . . . . . . . . 143 99 59 0 0 89 39 34 25 6March 15, 2021 . . . . . . . . . . . . . . . . . 150 96 56 0 0 88 34 29 21 4March 15, 2022 . . . . . . . . . . . . . . . . . 157 91 53 0 0 86 30 25 17 3March 15, 2023 . . . . . . . . . . . . . . . . . 164 86 49 0 0 84 26 21 14 2March 15, 2024 . . . . . . . . . . . . . . . . . 171 80 45 0 0 82 23 18 12 1March 15, 2025 . . . . . . . . . . . . . . . . . 179 73 41 0 0 79 20 15 10 1March 15, 2026 . . . . . . . . . . . . . . . . . 188 67 37 0 0 77 17 13 8 1March 15, 2027 . . . . . . . . . . . . . . . . . 196 60 33 0 0 74 15 11 6 0March 15, 2028 . . . . . . . . . . . . . . . . . 205 54 29 0 0 71 12 9 5 0March 15, 2029 . . . . . . . . . . . . . . . . . 215 47 25 0 0 68 11 8 4 0March 15, 2030 . . . . . . . . . . . . . . . . . 224 41 22 0 0 65 9 6 3 0March 15, 2031 . . . . . . . . . . . . . . . . . 235 36 18 0 0 61 8 5 3 0March 15, 2032 . . . . . . . . . . . . . . . . . 246 31 16 0 0 57 6 4 2 0March 15, 2033 . . . . . . . . . . . . . . . . . 257 26 13 0 0 53 5 3 2 0March 15, 2034 . . . . . . . . . . . . . . . . . 269 21 11 0 0 49 4 3 1 0March 15, 2035 . . . . . . . . . . . . . . . . . 281 17 8 0 0 44 3 2 1 0March 15, 2036 . . . . . . . . . . . . . . . . . 278 14 7 0 0 39 3 2 1 0March 15, 2037 . . . . . . . . . . . . . . . . . 240 10 5 0 0 34 2 1 0 0March 15, 2038 . . . . . . . . . . . . . . . . . 199 7 3 0 0 28 1 1 0 0March 15, 2039 . . . . . . . . . . . . . . . . . 155 5 2 0 0 22 1 0 0 0March 15, 2040 . . . . . . . . . . . . . . . . . 107 2 1 0 0 15 0 0 0 0March 15, 2041 . . . . . . . . . . . . . . . . . 56 0 0 0 0 8 0 0 0 0March 15, 2042 . . . . . . . . . . . . . . . . . 0 0 0 0 0 0 0 0 0 0

Weighted AverageLife (Years) . . . . . . . . . . . . . . . . . . 27.1 17.1 10.9 2.4 0.7 19.9 7.9 7.0 5.8 3.2

(2) MACR Class formed from Classes in Groups 2, 3 and 7.

S-22

Group 3

Date 0% 150% 196% 250% 500% 0% 150% 196% 250% 500% 0% 150% 196% 250% 500%


ZKKZKI, KL and KM



Date 0% 150% 196% 250% 500%


Group 3 Assets



S-23

Group 4

Date 0% 135% 170% 350% 400% 0% 135% 170% 350% 400% 0% 135% 170% 350% 400%


FC and SC

AY, YC, YD, YE, YG, YH, YI, YJ,YK, YL, YM, YN, YP, YQ, YT, YU,

YW and YX

AB, AC, AD, AE, AG, AH, AI, AJ,AK, AL, AM, AN, AP, AQ, AT, AU,

AW and AX



Date 0% 135% 170% 350% 400% 0% 135% 170% 350% 400% 0% 135% 170% 350% 400%


Group 4 AssetsNZ

NA, NB, NC, ND, NE, NG, NH, NI,NJ, NK, NL, NM, NP, NQ, NT, NU,

NW and NY



S-24

Group 5

Date 0% 100% 250% 409% 650% 900% 0% 100% 250% 409% 650% 900% 0% 100% 250% 409% 650% 900%


FH, HE and SH

EA, EB, EC, ED, EF, EG, EH, EI, EJ,EK, EM, EN, EO, EP, ES, ET,

EU and Group 5 AssetsBA, BC, BD, BE, BG, BH, BI, BK, BL,

BM, BN, BO and GB

Closing Date . . . . . . . . . . . . . . . . . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100March 15, 2013 . . . . . . . . . . . . . . . . . 100 100 100 100 100 100 97 95 92 89 85 80 97 94 91 88 83 78March 15, 2014 . . . . . . . . . . . . . . . . . 100 100 100 100 100 100 94 87 79 71 59 47 94 86 77 68 54 42March 15, 2015 . . . . . . . . . . . . . . . . . 100 100 100 100 100 100 91 79 65 51 34 21 91 77 61 46 28 13March 15, 2016 . . . . . . . . . . . . . . . . . 100 100 100 100 100 69 88 71 53 37 20 9 87 68 48 31 12 0March 15, 2017 . . . . . . . . . . . . . . . . . 100 100 100 100 87 30 85 64 43 27 12 4 83 60 37 19 3 0March 15, 2018 . . . . . . . . . . . . . . . . . 100 100 100 100 51 13 81 57 34 19 7 2 79 52 28 11 0 0March 15, 2019 . . . . . . . . . . . . . . . . . 100 100 100 100 29 6 77 50 28 14 4 1 75 45 20 5 0 0March 15, 2020 . . . . . . . . . . . . . . . . . 100 100 100 72 17 2 73 44 22 10 2 0 71 39 14 1 0 0March 15, 2021 . . . . . . . . . . . . . . . . . 100 100 100 51 9 1 69 39 17 7 1 0 66 33 9 0 0 0March 15, 2022 . . . . . . . . . . . . . . . . . 100 100 100 35 5 0 65 34 14 5 1 0 61 27 5 0 0 0March 15, 2023 . . . . . . . . . . . . . . . . . 100 100 79 24 3 0 60 29 11 3 0 0 56 22 2 0 0 0March 15, 2024 . . . . . . . . . . . . . . . . . 100 100 61 17 2 0 55 25 8 2 0 0 50 17 0 0 0 0March 15, 2025 . . . . . . . . . . . . . . . . . 100 100 46 11 1 0 49 21 6 1 0 0 44 13 0 0 0 0March 15, 2026 . . . . . . . . . . . . . . . . . 100 100 34 7 0 0 43 17 5 1 0 0 38 8 0 0 0 0March 15, 2027 . . . . . . . . . . . . . . . . . 100 99 24 5 0 0 37 13 3 1 0 0 31 5 0 0 0 0March 15, 2028 . . . . . . . . . . . . . . . . . 100 75 17 3 0 0 31 10 2 0 0 0 24 1 0 0 0 0March 15, 2029 . . . . . . . . . . . . . . . . . 100 53 11 2 0 0 24 7 1 0 0 0 16 0 0 0 0 0March 15, 2030 . . . . . . . . . . . . . . . . . 100 32 6 1 0 0 16 4 1 0 0 0 8 0 0 0 0 0March 15, 2031 . . . . . . . . . . . . . . . . . 62 13 2 0 0 0 8 2 0 0 0 0 0 0 0 0 0 0March 15, 2032 . . . . . . . . . . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Weighted AverageLife (Years) . . . . . . . . . . . . . . . . . . 19.2 17.2 13.3 9.8 6.6 4.8 11.9 8.0 5.3 3.9 2.7 2.1 11.2 7.0 4.4 3.2 2.3 1.8

Date 0% 100% 250% 409% 650% 900% 0% 100% 250% 409% 650% 900% 0% 100% 250% 409% 650% 900%


HBGYGA, GC, GD, GE, GH, GI, GJ, GK,

GL, GM, GN, GO and GP



Date 0% 100% 250% 409% 650% 900% 0% 100% 250% 409% 650% 900% 0% 100% 250% 409% 650% 900%


JDJCJA and JB



S-25

Date 0% 100% 250% 409% 650% 900%


JF and JS

Closing Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 100 100 100 100 100March 15, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97 95 92 89 84 80March 15, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94 87 79 70 58 47March 15, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91 79 64 51 34 20March 15, 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88 71 52 37 20 9March 15, 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 63 42 26 11 4March 15, 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81 56 34 19 6 2March 15, 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77 50 27 13 4 1March 15, 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73 44 21 9 2 0March 15, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69 39 17 6 1 0March 15, 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 33 13 4 1 0March 15, 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 29 10 3 0 0March 15, 2024 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 24 8 2 0 0March 15, 2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 20 6 1 0 0March 15, 2026 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 16 4 1 0 0March 15, 2027 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 13 3 1 0 0March 15, 2028 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 9 2 0 0 0March 15, 2029 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 7 1 0 0 0March 15, 2030 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 4 1 0 0 0March 15, 2031 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 2 0 0 0 0March 15, 2032 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 0 0 0 0

Weighted AverageLife (Years) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.9 7.9 5.3 3.8 2.7 2.1

Group 6

Date 0% 100% 367% 600% 800% 0% 100% 367% 600% 800% 0% 100% 367% 600% 800%


Group 6 AssetsDE and DIDB

Closing Date . . . . . . . . . . . . . . . . . . . 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100March 15, 2013 . . . . . . . . . . . . . . . . . 100 100 100 100 100 94 92 87 82 78 94 92 87 82 79March 15, 2014 . . . . . . . . . . . . . . . . . 100 100 100 100 100 89 81 67 56 47 89 81 68 56 47March 15, 2015 . . . . . . . . . . . . . . . . . 100 100 100 100 100 82 70 48 33 22 82 70 49 33 23March 15, 2016 . . . . . . . . . . . . . . . . . 100 100 100 100 100 76 60 34 19 10 76 60 34 19 11March 15, 2017 . . . . . . . . . . . . . . . . . 100 100 100 100 100 69 50 23 10 4 69 51 24 11 5March 15, 2018 . . . . . . . . . . . . . . . . . 100 100 100 100 100 61 42 16 5 1 62 42 17 6 2March 15, 2019 . . . . . . . . . . . . . . . . . 100 100 100 100 100 54 33 10 3 0 54 34 11 3 1March 15, 2020 . . . . . . . . . . . . . . . . . 100 100 100 100 45 45 26 6 1 0 46 27 7 2 0March 15, 2021 . . . . . . . . . . . . . . . . . 100 100 100 94 19 37 19 4 0 0 37 20 4 1 0March 15, 2022 . . . . . . . . . . . . . . . . . 100 100 100 47 8 28 14 2 0 0 28 14 3 0 0March 15, 2023 . . . . . . . . . . . . . . . . . 100 100 100 24 3 23 10 1 0 0 23 11 2 0 0March 15, 2024 . . . . . . . . . . . . . . . . . 100 100 99 11 1 17 7 0 0 0 18 8 1 0 0March 15, 2025 . . . . . . . . . . . . . . . . . 100 100 50 5 0 11 4 0 0 0 12 5 0 0 0March 15, 2026 . . . . . . . . . . . . . . . . . 100 100 17 1 0 5 1 0 0 0 6 2 0 0 0March 15, 2027 . . . . . . . . . . . . . . . . . 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0


S-26

Group 7

Date 0% 70% 196% 350% 500% 0% 70% 196% 350% 500% 0% 70% 196% 350% 500%


QCQAAZ



Date 0% 70% 196% 350% 500% 0% 70% 196% 350% 500% 0% 70% 196% 350% 500%


ZQQZQI



S-27

Date 0% 70% 196% 350% 500%


Group 7 Assets



S-28

Yield Tables

The following tables show pre-tax yields to maturity (corporate bond equivalent) of specifiedClasses at various percentages of PSA and levels of LIBOR, if applicable. We have prepared these tablesusing the Modeling Assumptions and the assumed prices in the table captions, plus accrued interest.Actual sales will not necessarily occur at the assumed prices.

Pre-Tax Yields

Group 1

PI Class(Assumed Price: 19.625%)

120% PSA

150% PSAthrough

225% PSA 331% PSA 400% PSA

6.8% 6.1% 0.0% (4.5)%

Group 2

MI Class(Assumed Price: 15.75%)

100% PSA

165% PSAthrough

250% PSA 492% PSA 500% PSA

17.7% 14.5% 0.0% (0.6)%

Group 3

KI Class(Assumed Price: 17.53125%)

100% PSA

150% PSAthrough

250% PSA 387% PSA 500% PSA

11.5% 9.3% 0.0% (9.5)%

Group 4

AI Class(Assumed Price: 12.75%)

50% PSA

135% PSAthrough

350% PSA 400% PSA 456% PSA

21.8% 7.6% 4.5% 0.0%

S-29

NI Class(Assumed Price: 15.625%)

50% PSA

135% PSAthrough

350% PSA 400% PSA 467% PSA

17.0% 6.7% 4.2% 0.0%

SC Class(Assumed Price: 102.4375%)

LIBOR 135% PSA 170% PSA 350% PSA 400% PSA

0.24175% . . . . . . . . . . . . . . . . . . . . . . 9.4% 9.3% 8.2% 7.8%1.24175 . . . . . . . . . . . . . . . . . . . . . . . . 7.4 7.3 6.2 5.83.12088 . . . . . . . . . . . . . . . . . . . . . . . . 3.6 3.5 2.6 2.25.00000 and Higher . . . . . . . . . . . . . . (0.1) (0.2) (1.1) (1.4)

YI Class(Assumed Price: 34.0%)

50% PSA

118% PSAthrough

350% PSA 400% PSA 508% PSA

9.1% 6.2% 4.5% 0.0%

Group 5

BI Class(Assumed Price: 28.5228%)

100% PSA 250% PSA 409% PSA 508% PSA 650% PSA 900% PSA

10.2% 7.9% 3.5% 0.0% (5.9)% (18.1)%

EI Class(Assumed Price: 13.125%)

100% PSA 250% PSA 409% PSA 422% PSA 650% PSA 900% PSA

17.3% 9.4% 0.7% 0.0% (13.1)% (28.2)%

ES Class(Assumed Price: 18.5%)

LIBOR 100% PSA 250% PSA 409% PSA 650% PSA 900% PSA

0.24175% . . . . . . . . . . . . . 26.8% 19.1% 10.6% (2.7)% (17.2)%1.24175 . . . . . . . . . . . . . . 20.5 12.6 4.0 (9.6) (24.6)3.92088 . . . . . . . . . . . . . . 2.8 (5.4) (14.4) (28.9) (45.2)6.60000 and Higher . . . . . * * * * *

* Less than (99.9)%.

S-30

GI Class(Assumed Price: 10.25%)

100% PSA 250% PSA 409% PSA 650% PSA 900% PSA

23.7% 12.8% 0.0% (19.7)% (38.8)%

JS Class(Assumed Price: 18.0%)


0.24175% . . . . . . . . . . . . . 27.9% 20.0% 11.5% (2.0)% (16.6)%1.24175 . . . . . . . . . . . . . . 21.3 13.4 4.6 (9.1) (24.2)3.92088 . . . . . . . . . . . . . . 3.2 (5.1) (14.3) (28.9) (45.3)6.60000 and Higher . . . . . * * * * *

SH Class(Assumed Price: 15.58203%)


0.24175% . . . . . . . . . . . . . 33.2% 23.9% 13.1% (4.2)% (21.8)%1.24175 . . . . . . . . . . . . . . 25.5 15.7 4.3 (13.8) (32.1)3.92088 . . . . . . . . . . . . . . 4.1 (7.6) (21.6) (43.1) (63.5)6.60000 and Higher . . . . . * * * * *

* Less than (99.9)%.

Group 6

DI Class(Assumed Price: 8.40625%)

100% PSA 367% PSA 515% PSA 600% PSA 800% PSA

22.1% 8.2% 0.0% (4.9)% (16.9)%

Group 7

QI Class(Assumed Price: 16.625%)

70% PSA

150% PSAthrough

295% PSA 350% PSA 430% PSA 500% PSA

14.0% 8.9% 5.8% 0.0% (5.7)%

S-31

FINAL PAYMENT DATES

The Final Payment Date for each Class is the latest date by which it will be paid in full and willretire. We calculate Final Payment Dates using highly conservative assumptions. The actual retirement ofeach Class may occur earlier than its Final Payment Date.

CERTAIN FEDERAL INCOME TAX CONSEQUENCES

General

Any discussion of tax matters herein and in the Offering Circular was not intended or written to beused, and cannot be used, by any person for the purpose of avoiding tax penalties that may be imposed onsuch person. Such discussion was written to support the promotion and marketing of the Certificates.Investors should consult their own independent tax advisors regarding the Certificates and each investor’sparticular circumstances.

Subject to the assumptions described under Certain Federal Income Tax Consequences — REMICElection in the Offering Circular, the Upper-Tier REMIC Pool and the Lower-Tier REMIC Pool will eachqualify as a REMIC for federal income tax purposes.

Regular Classes

The Regular Classes are “regular interests” in the Upper-Tier REMIC Pool. See General Informa-tion — Structure of Transaction. They are treated as debt instruments for federal income tax purposes andmay be issued with original issue discount (“OID”) or at a premium. Based in part on (a) the level ofLIBOR on the date of this Supplement and (b) information provided by the Underwriter regarding theinitial prices at which it would have expected to sell or will sell substantial portions of the RegularClasses, we expect to report income to the Internal Revenue Service and to Holders of the RegularClasses assuming they are issued as follows:

• OID: AZ, DI, EG, ES, GB, HB, JC, KI, KZ, MI, MZ, NZ, PI, QI, QZ, SH, Z, ZC, ZK, ZMand ZQ.

• De Minimis OID: DB, EF, FH, MB, PB, QA and QC.

• Premium: AB, AY, CP, DE, EA, GD, HE, JA, JB, KL, KM, PA, PY and SC.

OID generally results in recognition of taxable income in advance of the receipt of cash attributableto that income. The Pricing Speeds used for OID and premium calculations are:

• Group 1 — 180% PSA

• Groups 2, 3 and 7 — 196% PSA




See Certain Federal Income Tax Consequences — Taxation of Regular Classes — Original Issue Dis-count and — Premium in the Offering Circular. Mortgage prepayment rates will differ, perhaps signif-icantly, from the Pricing Speeds shown above.

S-32

Residual Classes

Each Residual Class is the “residual interest” in its related REMIC Pool. See General Informa-tion — Structure of Transaction. Special tax considerations apply to the Residual Classes. The taxation ofthe Residual Classes can produce a significantly less favorable after-tax return than if (a) the ResidualClasses were taxable as debt instruments or (b) no portion of the taxable income on the Residual Classeswere treated as “excess inclusions.” In certain periods, taxable income and the resulting tax liability on aResidual Class may exceed any payments on that Class. See Certain Federal Income Tax Consequen-ces — Taxation of Residual Classes in the Offering Circular.

A substantial tax may be imposed on certain transferors of a Residual Class and certain beneficialowners of a Residual Class that are “pass-through entities.” See Certain Federal Income Tax Con-sequences — Transfers of Interests in a Residual Class — Disqualified Organizations in the OfferingCircular. You should not purchase a Residual Class before consulting your tax advisor.

Certain Transfers of Residual Classes

The REMIC Regulations disregard:

1. A transfer of a “noneconomic residual interest” unless no significant purpose of the transfer is toimpede the assessment or collection of tax.

2. Except in certain cases, a transfer of a residual interest to a foreign investor or a transfer of aresidual interest from a foreign investor to a U.S. investor. Accordingly, the Trust Agreementprohibits the transfer of an interest in a Residual Class to or from a foreign investor without ourwritten consent.

See Certain Federal Income Tax Consequences — Transfers of Interests in a Residual Class — Addi-tional Transfer Restrictions in the Offering Circular. In the case of a transfer that is disregarded, thetransferor would continue to be treated as the owner of the residual interest and thus would continue to besubject to tax on its allocable portion of the net income of the REMIC.

MACR Classes

The arrangement under which the MACR Classes are created (the “MACR Pool”) will be classifiedas a grantor trust under subpart E, part I of subchapter J of the Code. The interests in the Regular Classesthat have been exchanged for the MACR Classes, including any exchanges effective on the Closing Date,will be the assets of the MACR Pool and the MACR Classes will represent beneficial ownership of theseassets.

For a discussion of certain federal income tax consequences applicable to the MACR Classes, seeCertain Federal Income Tax Consequences — Taxation of MACR Classes, — Exchanges of MACRClasses and Regular Classes and — Taxation of Certain Foreign Investors in the Offering Circular.

ERISA CONSIDERATIONS

Fiduciaries of employee benefit plans should review ERISA Considerations in the Offering Circular.

S-33

ACCOUNTING CONSIDERATIONS

You should consult your accountant for advice on the appropriate accounting treatment for yourCertificates. See Accounting Considerations in the Offering Circular.

LEGAL INVESTMENT CONSIDERATIONS

You should consult your legal advisor to determine whether the Certificates are a legal investmentfor you and whether you can use the Certificates as collateral for borrowings. See Legal InvestmentConsiderations in the Offering Circular.

PLAN OF DISTRIBUTION

Under an agreement with the Underwriter, we have agreed to sell all of the REMIC Certificates tothe Underwriter in exchange for the Assets.

The Underwriter is offering the Certificates to the public in negotiated transactions at varying pricesto be determined at the time of sale, plus accrued interest on each interest-bearing Class from the first dayof its initial Accrual Period. The Underwriter is offering the Certificates subject to their issuance by usand subject to the Underwriter’s right to reject any order. The Underwriter may make sales to or throughsecurities dealers. The dealers may receive compensation in the form of discounts, concessions orcommissions from the Underwriter and commissions from any purchasers for which they act as agents.

Our agreement with the Underwriter provides that we will indemnify it against certain liabilities.

LEGAL MATTERS

Our General Counsel or one of our Deputy General Counsels will render an opinion on the legalityof the Certificates. Cleary Gottlieb Steen & Hamilton LLP is representing the Underwriter on legalmatters concerning the Certificates.

S-34

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Mar

ch15

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N10

2,01

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5FI

X31

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MR

N9

Mar

ch15

,20

40A

P85

,009

,166

N/A

PAC

4.5

FIX

3137

AM

RP

4M

arch

15,

2040

AQ

72,8

65,0

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/APA

C5.

0FI

X31

37A

MR

Q2

Mar

ch15

,20

40A

T63

,756

,875

N/A

PAC

5.5

FIX

3137

AM

RR

0M

arch

15,

2040

AU

56,6

72,7

77N

/APA

C6.

0FI

X31

37A

MR

S8

Mar

ch15

,20

40A

W51

,005

,500

N/A

PAC

6.5

FIX

3137

AM

RT

6M

arch

15,

2040

AX

46,3

68,6

36N

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C7.

0FI

X31

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Mar

ch15

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port

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hang

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tifi

cate

sM

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fica

tes

Com

bina

tion

34

AY

$14

,993

,000

100%

YC

$14

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PAC

3.75

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Dec

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tion

45

GB

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inal

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A-3

Appendix B

Balances Schedules

Payment Date

Group 1PAC I and PAC II

(Aggregate)

Group 1PAC I

(Aggregate)

Group 2PAC

(Aggregate)

Group 3PAC

(Aggregate)

Initial . . . . . . . . . . . . . . . . . . . $382,625,000.00 $370,834,777.00 $10,074,507.00 $65,474,000.00April 15, 2012 . . . . . . . . . . . . . 380,231,312.05 368,759,703.38 10,020,645.68 64,694,431.44May 15, 2012. . . . . . . . . . . . . . 377,922,800.21 366,598,410.50 9,969,643.43 63,970,294.98June 15, 2012. . . . . . . . . . . . . . 375,509,635.07 364,351,878.78 9,915,485.83 63,252,256.66July 15, 2012 . . . . . . . . . . . . . . 372,993,316.61 362,021,140.70 9,858,207.44 62,540,267.14August 15, 2012 . . . . . . . . . . . . 370,375,423.83 359,607,279.98 9,797,845.47 61,834,277.45September 15, 2012 . . . . . . . . . 367,657,613.14 357,111,430.68 9,734,439.80 61,134,239.03October 15, 2012 . . . . . . . . . . . 364,841,616.70 354,534,776.29 9,668,032.86 60,440,103.69November 15, 2012 . . . . . . . . . 361,929,240.58 351,878,548.69 9,598,669.64 59,751,823.64December 15, 2012. . . . . . . . . . 358,922,362.88 349,144,027.13 9,526,397.65 59,069,351.45January 15, 2013 . . . . . . . . . . . 355,822,931.75 346,332,537.13 9,451,266.81 58,392,640.10February 15, 2013 . . . . . . . . . . 352,632,963.30 343,445,449.33 9,373,329.46 57,721,642.90March 15, 2013 . . . . . . . . . . . . 349,354,539.43 340,484,178.31 9,292,640.24 57,056,313.56April 15, 2013 . . . . . . . . . . . . . 345,989,805.57 337,450,181.32 9,209,256.08 56,396,606.16May 15, 2013. . . . . . . . . . . . . . 342,540,968.32 334,344,957.04 9,123,236.10 55,742,475.14June 15, 2013. . . . . . . . . . . . . . 339,010,293.03 331,170,044.21 9,034,641.58 55,093,875.28July 15, 2013 . . . . . . . . . . . . . . 335,400,101.34 327,927,020.30 8,943,535.82 54,450,761.76August 15, 2013 . . . . . . . . . . . . 331,712,768.55 324,617,500.06 8,849,984.13 53,813,090.09September 15, 2013 . . . . . . . . . 328,056,821.81 321,328,156.31 8,754,053.73 53,180,816.14October 15, 2013 . . . . . . . . . . . 324,432,005.03 318,058,853.50 8,655,813.66 52,553,896.14November 15, 2013 . . . . . . . . . 320,838,064.16 314,809,456.91 8,555,334.70 51,932,286.64December 15, 2013. . . . . . . . . . 317,274,747.19 311,579,832.64 8,452,689.29 51,315,944.58January 15, 2014 . . . . . . . . . . . 313,741,804.11 308,369,847.62 8,350,999.38 50,704,827.20February 15, 2014 . . . . . . . . . . 310,238,986.92 305,179,369.58 8,250,256.39 50,098,892.11March 15, 2014 . . . . . . . . . . . . 306,766,049.60 302,008,267.07 8,150,451.83 49,498,097.24April 15, 2014 . . . . . . . . . . . . . 303,322,748.10 298,856,409.43 8,051,577.26 48,902,400.87May 15, 2014. . . . . . . . . . . . . . 299,908,840.32 295,723,666.83 7,953,624.34 48,311,761.60June 15, 2014. . . . . . . . . . . . . . 296,524,086.10 292,609,910.19 7,856,584.78 47,726,138.36July 15, 2014 . . . . . . . . . . . . . . 293,168,247.20 289,515,011.25 7,760,450.37 47,145,490.41August 15, 2014 . . . . . . . . . . . . 289,841,087.28 286,438,842.53 7,665,213.00 46,569,777.35September 15, 2014 . . . . . . . . . 286,542,371.90 283,381,277.31 7,570,864.59 45,998,959.06October 15, 2014 . . . . . . . . . . . 283,271,868.50 280,342,189.67 7,477,397.15 45,432,995.79November 15, 2014 . . . . . . . . . 280,029,346.36 277,321,454.45 7,384,802.77 44,871,848.07December 15, 2014. . . . . . . . . . 276,814,576.64 274,318,947.23 7,293,073.59 44,315,476.77January 15, 2015 . . . . . . . . . . . 273,627,332.30 271,334,544.38 7,202,201.83 43,763,843.04February 15, 2015 . . . . . . . . . . 270,467,388.14 268,368,123.02 7,112,179.78 43,216,908.38March 15, 2015 . . . . . . . . . . . . 267,334,520.75 265,419,561.01 7,022,999.80 42,674,634.56April 15, 2015 . . . . . . . . . . . . . 264,228,508.51 262,488,736.95 6,934,654.31 42,136,983.67May 15, 2015. . . . . . . . . . . . . . 261,149,131.59 259,575,530.20 6,847,135.80 41,603,918.11June 15, 2015. . . . . . . . . . . . . . 258,096,171.89 256,679,820.84 6,760,436.83 41,075,400.57July 15, 2015 . . . . . . . . . . . . . . 255,069,413.10 253,801,489.68 6,674,550.02 40,551,394.04August 15, 2015 . . . . . . . . . . . . 252,068,640.59 250,940,418.27 6,589,468.05 40,031,861.80September 15, 2015 . . . . . . . . . 249,093,641.50 248,096,488.86 6,505,183.69 39,516,767.43October 15, 2015 . . . . . . . . . . . 246,144,204.64 245,269,584.43 6,421,689.74 39,006,074.80November 15, 2015 . . . . . . . . . 243,220,120.52 242,459,588.69 6,338,979.08 38,499,748.06December 15, 2015. . . . . . . . . . 240,321,181.36 239,666,386.02 6,257,044.67 37,997,751.66January 15, 2016 . . . . . . . . . . . 237,447,180.99 236,889,861.52 6,175,879.49 37,500,050.31February 15, 2016 . . . . . . . . . . 234,597,914.93 234,129,901.02 6,095,476.63 37,006,609.03March 15, 2016 . . . . . . . . . . . . 231,773,180.33 231,386,390.98 6,015,829.20 36,517,393.09April 15, 2016 . . . . . . . . . . . . . 228,972,775.98 228,659,218.61 5,936,930.40 36,032,368.07May 15, 2016. . . . . . . . . . . . . . 226,196,502.24 225,948,271.78 5,858,773.47 35,551,499.80June 15, 2016. . . . . . . . . . . . . . 223,444,161.13 223,253,439.04 5,781,351.72 35,074,754.38July 15, 2016 . . . . . . . . . . . . . . 220,715,556.20 220,574,609.61 5,704,658.53 34,602,098.20August 15, 2016 . . . . . . . . . . . . 218,010,492.62 217,911,673.41 5,628,687.31 34,133,497.91September 15, 2016 . . . . . . . . . 215,328,777.10 215,264,521.01 5,553,431.56 33,668,920.41October 15, 2016 . . . . . . . . . . . 212,670,217.91 212,633,043.63 5,478,884.80 33,208,332.90November 15, 2016 . . . . . . . . . 210,034,624.84 210,017,133.18 5,405,040.65 32,751,702.80December 15, 2016. . . . . . . . . . 207,421,809.22 207,416,682.20 5,331,892.76 32,298,997.82January 15, 2017 . . . . . . . . . . . 204,831,583.91 204,831,583.91 5,259,434.84 31,850,185.91February 15, 2017 . . . . . . . . . . 202,263,763.23 202,263,763.23 5,187,660.65 31,405,235.29March 15, 2017 . . . . . . . . . . . . 199,718,163.03 199,718,163.03 5,116,564.03 30,964,114.43April 15, 2017 . . . . . . . . . . . . . 197,194,600.62 197,194,600.62 5,046,138.84 30,526,792.04

B-1

Payment Date


(Aggregate)continued

Group 1PAC I


Group 2PAC


Group 3PAC


May 15, 2017. . . . . . . . . . . . . . $194,692,894.77 $194,692,894.77 $ 4,976,379.02 $30,093,237.09June 15, 2017. . . . . . . . . . . . . . 192,212,865.71 192,212,865.71 4,907,278.56 29,663,418.80July 15, 2017 . . . . . . . . . . . . . . 189,754,335.13 189,754,335.13 4,838,831.48 29,237,306.64August 15, 2017 . . . . . . . . . . . . 187,317,126.13 187,317,126.13 4,771,031.89 28,814,870.30September 15, 2017 . . . . . . . . . 184,901,063.23 184,901,063.23 4,703,873.93 28,396,079.74October 15, 2017 . . . . . . . . . . . 182,505,972.37 182,505,972.37 4,637,351.79 27,980,905.14November 15, 2017 . . . . . . . . . 180,131,680.89 180,131,680.89 4,571,459.71 27,569,316.94December 15, 2017. . . . . . . . . . 177,778,017.50 177,778,017.50 4,506,192.01 27,161,285.78January 15, 2018 . . . . . . . . . . . 175,444,812.31 175,444,812.31 4,441,543.01 26,756,782.58February 15, 2018 . . . . . . . . . . 173,131,896.77 173,131,896.77 4,377,507.13 26,355,778.46March 15, 2018 . . . . . . . . . . . . 170,839,103.69 170,839,103.69 4,314,078.81 25,958,244.78April 15, 2018 . . . . . . . . . . . . . 168,566,267.25 168,566,267.25 4,251,252.54 25,564,153.12May 15, 2018. . . . . . . . . . . . . . 166,313,222.92 166,313,222.92 4,189,022.88 25,173,475.31June 15, 2018. . . . . . . . . . . . . . 164,079,807.52 164,079,807.52 4,127,384.41 24,786,183.39July 15, 2018 . . . . . . . . . . . . . . 161,865,859.18 161,865,859.18 4,066,331.78 24,402,249.62August 15, 2018 . . . . . . . . . . . . 159,671,217.31 159,671,217.31 4,005,859.68 24,021,646.49September 15, 2018 . . . . . . . . . 157,495,722.64 157,495,722.64 3,945,962.84 23,644,346.71October 15, 2018 . . . . . . . . . . . 155,339,217.17 155,339,217.17 3,886,636.05 23,271,615.29November 15, 2018 . . . . . . . . . 153,201,544.15 153,201,544.15 3,827,874.13 22,904,411.66December 15, 2018. . . . . . . . . . 151,082,548.13 151,082,548.13 3,769,671.97 22,542,656.63January 15, 2019 . . . . . . . . . . . 148,982,074.86 148,982,074.86 3,712,024.48 22,186,272.12February 15, 2019 . . . . . . . . . . 146,899,971.38 146,899,971.38 3,654,926.62 21,835,181.14March 15, 2019 . . . . . . . . . . . . 144,836,085.94 144,836,085.94 3,598,373.41 21,489,307.80April 15, 2019 . . . . . . . . . . . . . 142,790,267.99 142,790,267.99 3,542,493.63 21,148,577.25May 15, 2019. . . . . . . . . . . . . . 140,762,368.23 140,762,368.23 3,487,436.11 20,812,915.71June 15, 2019. . . . . . . . . . . . . . 138,752,238.52 138,752,238.52 3,433,189.11 20,482,250.43July 15, 2019 . . . . . . . . . . . . . . 136,764,761.54 136,764,761.54 3,379,741.07 20,156,509.68August 15, 2019 . . . . . . . . . . . . 134,803,829.02 134,803,829.02 3,327,080.59 19,835,622.73September 15, 2019 . . . . . . . . . 132,869,099.86 132,869,099.86 3,275,196.44 19,519,519.86October 15, 2019 . . . . . . . . . . . 130,960,237.26 130,960,237.26 3,224,077.51 19,208,132.32November 15, 2019 . . . . . . . . . 129,076,908.63 129,076,908.63 3,173,712.90 18,901,392.32December 15, 2019. . . . . . . . . . 127,218,785.58 127,218,785.58 3,124,091.81 18,599,233.03January 15, 2020 . . . . . . . . . . . 125,385,543.82 125,385,543.82 3,075,203.63 18,301,588.56February 15, 2020 . . . . . . . . . . 123,576,863.16 123,576,863.16 3,027,037.88 18,008,393.95March 15, 2020 . . . . . . . . . . . . 121,792,427.40 121,792,427.40 2,979,584.22 17,719,585.15April 15, 2020 . . . . . . . . . . . . . 120,031,924.35 120,031,924.35 2,932,832.48 17,435,099.01May 15, 2020. . . . . . . . . . . . . . 118,295,045.72 118,295,045.72 2,886,772.61 17,154,873.26June 15, 2020. . . . . . . . . . . . . . 116,581,487.11 116,581,487.11 2,841,394.71 16,878,846.52July 15, 2020 . . . . . . . . . . . . . . 114,890,947.94 114,890,947.94 2,796,689.02 16,606,958.28August 15, 2020 . . . . . . . . . . . . 113,223,131.42 113,223,131.42 2,752,645.91 16,339,148.85September 15, 2020 . . . . . . . . . 111,577,744.49 111,577,744.49 2,709,255.89 16,075,359.41October 15, 2020 . . . . . . . . . . . 109,954,497.76 109,954,497.76 2,666,509.61 15,815,531.97November 15, 2020 . . . . . . . . . 108,353,105.52 108,353,105.52 2,624,397.83 15,559,609.34December 15, 2020. . . . . . . . . . 106,773,285.63 106,773,285.63 2,582,911.46 15,307,535.14January 15, 2021 . . . . . . . . . . . 105,214,759.50 105,214,759.50 2,542,041.53 15,059,253.78February 15, 2021 . . . . . . . . . . 103,677,252.06 103,677,252.06 2,501,779.20 14,814,710.48March 15, 2021 . . . . . . . . . . . . 102,160,491.70 102,160,491.70 2,462,115.75 14,573,851.20April 15, 2021 . . . . . . . . . . . . . 100,664,210.23 100,664,210.23 2,423,042.58 14,336,622.68May 15, 2021. . . . . . . . . . . . . . 99,188,142.85 99,188,142.85 2,384,551.21 14,102,972.40June 15, 2021. . . . . . . . . . . . . . 97,732,028.09 97,732,028.09 2,346,633.30 13,872,848.60July 15, 2021 . . . . . . . . . . . . . . 96,295,607.77 96,295,607.77 2,309,280.59 13,646,200.23August 15, 2021 . . . . . . . . . . . . 94,878,626.98 94,878,626.98 2,272,484.97 13,422,976.97September 15, 2021 . . . . . . . . . 93,480,834.01 93,480,834.01 2,236,238.42 13,203,129.21October 15, 2021 . . . . . . . . . . . 92,101,980.32 92,101,980.32 2,200,533.06 12,986,608.04November 15, 2021 . . . . . . . . . 90,741,820.54 90,741,820.54 2,165,361.08 12,773,365.23December 15, 2021. . . . . . . . . . 89,400,112.36 89,400,112.36 2,130,714.83 12,563,353.26January 15, 2022 . . . . . . . . . . . 88,076,616.54 88,076,616.54 2,096,586.72 12,356,525.26February 15, 2022 . . . . . . . . . . 86,771,096.88 86,771,096.88 2,062,969.30 12,152,835.02March 15, 2022 . . . . . . . . . . . . 85,483,320.12 85,483,320.12 2,029,855.21 11,952,236.99April 15, 2022 . . . . . . . . . . . . . 84,213,055.98 84,213,055.98 1,997,237.19 11,754,686.27May 15, 2022. . . . . . . . . . . . . . 82,960,077.09 82,960,077.09 1,965,108.11 11,560,138.58June 15, 2022. . . . . . . . . . . . . . 81,724,158.93 81,724,158.93 1,933,460.89 11,368,550.28July 15, 2022 . . . . . . . . . . . . . . 80,505,079.83 80,505,079.83 1,902,288.60 11,179,878.34August 15, 2022 . . . . . . . . . . . . 79,302,620.94 79,302,620.94 1,871,584.39 10,994,080.34September 15, 2022 . . . . . . . . . 78,116,566.14 78,116,566.14 1,841,341.48 10,811,114.48October 15, 2022 . . . . . . . . . . . 76,946,702.06 76,946,702.06 1,811,553.23 10,630,939.51November 15, 2022 . . . . . . . . . 75,792,818.05 75,792,818.05 1,782,213.07 10,453,514.80

B-2

Payment Date



Group 1PAC I


Group 2PAC


Group 3PAC


December 15, 2022. . . . . . . . . . $ 74,654,706.10 $ 74,654,706.10 $ 1,753,314.51 $10,278,800.29January 15, 2023 . . . . . . . . . . . 73,532,160.83 73,532,160.83 1,724,851.19 10,106,756.47February 15, 2023 . . . . . . . . . . 72,424,979.47 72,424,979.47 1,696,816.80 9,937,344.41March 15, 2023 . . . . . . . . . . . . 71,332,961.83 71,332,961.83 1,669,205.13 9,770,525.73April 15, 2023 . . . . . . . . . . . . . 70,255,910.22 70,255,910.22 1,642,010.08 9,606,262.57May 15, 2023. . . . . . . . . . . . . . 69,193,629.49 69,193,629.49 1,615,225.61 9,444,517.64June 15, 2023. . . . . . . . . . . . . . 68,145,926.94 68,145,926.94 1,588,845.77 9,285,254.16July 15, 2023 . . . . . . . . . . . . . . 67,112,612.31 67,112,612.31 1,562,864.71 9,128,435.88August 15, 2023 . . . . . . . . . . . . 66,093,497.78 66,093,497.78 1,537,276.65 8,974,027.06September 15, 2023 . . . . . . . . . 65,088,397.88 65,088,397.88 1,512,075.88 8,821,992.47October 15, 2023 . . . . . . . . . . . 64,097,129.50 64,097,129.50 1,487,256.79 8,672,297.38November 15, 2023 . . . . . . . . . 63,119,511.86 63,119,511.86 1,462,813.85 8,524,907.54December 15, 2023. . . . . . . . . . 62,155,366.47 62,155,366.47 1,438,741.59 8,379,789.22January 15, 2024 . . . . . . . . . . . 61,204,517.10 61,204,517.10 1,415,034.63 8,236,909.13February 15, 2024 . . . . . . . . . . 60,266,789.77 60,266,789.77 1,391,687.68 8,096,234.49March 15, 2024 . . . . . . . . . . . . 59,342,012.68 59,342,012.68 1,368,695.49 7,957,732.95April 15, 2024 . . . . . . . . . . . . . 58,430,016.25 58,430,016.25 1,346,052.91 7,821,372.66May 15, 2024. . . . . . . . . . . . . . 57,530,633.03 57,530,633.03 1,323,754.85 7,687,122.18June 15, 2024. . . . . . . . . . . . . . 56,643,697.70 56,643,697.70 1,301,796.32 7,554,950.56July 15, 2024 . . . . . . . . . . . . . . 55,769,047.04 55,769,047.04 1,280,172.35 7,424,827.25August 15, 2024 . . . . . . . . . . . . 54,906,519.91 54,906,519.91 1,258,878.10 7,296,722.17September 15, 2024 . . . . . . . . . 54,055,957.21 54,055,957.21 1,237,908.74 7,170,605.65October 15, 2024 . . . . . . . . . . . 53,217,201.89 53,217,201.89 1,217,259.55 7,046,448.44November 15, 2024 . . . . . . . . . 52,390,098.85 52,390,098.85 1,196,925.87 6,924,221.72December 15, 2024. . . . . . . . . . 51,574,495.01 51,574,495.01 1,176,903.08 6,803,897.07January 15, 2025 . . . . . . . . . . . 50,770,239.22 50,770,239.22 1,157,186.67 6,685,446.49February 15, 2025 . . . . . . . . . . 49,977,182.24 49,977,182.24 1,137,772.15 6,568,842.36March 15, 2025 . . . . . . . . . . . . 49,195,176.75 49,195,176.75 1,118,655.12 6,454,057.46April 15, 2025 . . . . . . . . . . . . . 48,424,077.30 48,424,077.30 1,099,831.23 6,341,064.98May 15, 2025. . . . . . . . . . . . . . 47,663,740.29 47,663,740.29 1,081,296.21 6,229,838.45June 15, 2025. . . . . . . . . . . . . . 46,914,023.95 46,914,023.95 1,063,045.82 6,120,351.81July 15, 2025 . . . . . . . . . . . . . . 46,174,788.32 46,174,788.32 1,045,075.91 6,012,579.38August 15, 2025 . . . . . . . . . . . . 45,445,895.22 45,445,895.22 1,027,382.37 5,906,495.81September 15, 2025 . . . . . . . . . 44,727,208.25 44,727,208.25 1,009,961.17 5,802,076.15October 15, 2025 . . . . . . . . . . . 44,018,592.72 44,018,592.72 992,808.30 5,699,295.78November 15, 2025 . . . . . . . . . 43,319,915.68 43,319,915.68 975,919.85 5,598,130.45December 15, 2025. . . . . . . . . . 42,631,045.88 42,631,045.88 959,291.93 5,498,556.25January 15, 2026 . . . . . . . . . . . 41,951,853.71 41,951,853.71 942,920.73 5,400,549.61February 15, 2026 . . . . . . . . . . 41,282,211.26 41,282,211.26 926,802.48 5,304,087.30March 15, 2026 . . . . . . . . . . . . 40,621,992.24 40,621,992.24 910,933.47 5,209,146.42April 15, 2026 . . . . . . . . . . . . . 39,971,071.95 39,971,071.95 895,310.04 5,115,704.40May 15, 2026. . . . . . . . . . . . . . 39,329,327.31 39,329,327.31 879,928.59 5,023,738.99June 15, 2026. . . . . . . . . . . . . . 38,696,636.81 38,696,636.81 864,785.55 4,933,228.27July 15, 2026 . . . . . . . . . . . . . . 38,072,880.49 38,072,880.49 849,877.43 4,844,150.63August 15, 2026 . . . . . . . . . . . . 37,457,939.91 37,457,939.91 835,200.77 4,756,484.76September 15, 2026 . . . . . . . . . 36,851,698.16 36,851,698.16 820,752.16 4,670,209.66October 15, 2026 . . . . . . . . . . . 36,254,039.84 36,254,039.84 806,528.26 4,585,304.63November 15, 2026 . . . . . . . . . 35,664,851.00 35,664,851.00 792,525.73 4,501,749.29December 15, 2026. . . . . . . . . . 35,084,019.16 35,084,019.16 778,741.34 4,419,523.51January 15, 2027 . . . . . . . . . . . 34,511,433.28 34,511,433.28 765,171.86 4,338,607.49February 15, 2027 . . . . . . . . . . 33,946,983.74 33,946,983.74 751,814.12 4,258,981.69March 15, 2027 . . . . . . . . . . . . 33,390,562.34 33,390,562.34 738,665.00 4,180,626.85April 15, 2027 . . . . . . . . . . . . . 32,842,062.25 32,842,062.25 725,721.41 4,103,524.01May 15, 2027. . . . . . . . . . . . . . 32,301,378.01 32,301,378.01 712,980.33 4,027,654.46June 15, 2027. . . . . . . . . . . . . . 31,768,405.52 31,768,405.52 700,438.76 3,952,999.76July 15, 2027 . . . . . . . . . . . . . . 31,243,042.02 31,243,042.02 688,093.76 3,879,541.76August 15, 2027 . . . . . . . . . . . . 30,725,186.05 30,725,186.05 675,942.40 3,807,262.53September 15, 2027 . . . . . . . . . 30,214,737.47 30,214,737.47 663,981.84 3,736,144.44October 15, 2027 . . . . . . . . . . . 29,711,597.42 29,711,597.42 652,209.24 3,666,170.09November 15, 2027 . . . . . . . . . 29,215,668.32 29,215,668.32 640,621.83 3,597,322.34December 15, 2027. . . . . . . . . . 28,726,853.81 28,726,853.81 629,216.85 3,529,584.28January 15, 2028 . . . . . . . . . . . 28,245,058.81 28,245,058.81 617,991.60 3,462,939.27February 15, 2028 . . . . . . . . . . 27,770,189.44 27,770,189.44 606,943.41 3,397,370.90March 15, 2028 . . . . . . . . . . . . 27,302,153.04 27,302,153.04 596,069.67 3,332,862.98April 15, 2028 . . . . . . . . . . . . . 26,840,858.11 26,840,858.11 585,367.77 3,269,399.58May 15, 2028. . . . . . . . . . . . . . 26,386,214.37 26,386,214.37 574,835.17 3,206,964.98June 15, 2028. . . . . . . . . . . . . . 25,938,132.69 25,938,132.69 564,469.34 3,145,543.70

B-3

Payment Date



Group 1PAC I


Group 2PAC


Group 3PAC


July 15, 2028 . . . . . . . . . . . . . . $ 25,496,525.06 $ 25,496,525.06 $ 554,267.82 $ 3,085,120.47August 15, 2028 . . . . . . . . . . . . 25,061,304.63 25,061,304.63 544,228.14 3,025,680.27September 15, 2028 . . . . . . . . . 24,632,385.67 24,632,385.67 534,347.91 2,967,208.25October 15, 2028 . . . . . . . . . . . 24,209,683.54 24,209,683.54 524,624.75 2,909,689.82November 15, 2028 . . . . . . . . . 23,793,114.71 23,793,114.71 515,056.31 2,853,110.58December 15, 2028. . . . . . . . . . 23,382,596.71 23,382,596.71 505,640.29 2,797,456.33January 15, 2029 . . . . . . . . . . . 22,978,048.13 22,978,048.13 496,374.42 2,742,713.10February 15, 2029 . . . . . . . . . . 22,579,388.64 22,579,388.64 487,256.45 2,688,867.10March 15, 2029 . . . . . . . . . . . . 22,186,538.91 22,186,538.91 478,284.18 2,635,904.75April 15, 2029 . . . . . . . . . . . . . 21,799,420.66 21,799,420.66 469,455.43 2,583,812.67May 15, 2029. . . . . . . . . . . . . . 21,417,956.61 21,417,956.61 460,768.04 2,532,577.67June 15, 2029. . . . . . . . . . . . . . 21,042,070.49 21,042,070.49 452,219.92 2,482,186.75July 15, 2029 . . . . . . . . . . . . . . 20,671,686.99 20,671,686.99 443,808.96 2,432,627.10August 15, 2029 . . . . . . . . . . . . 20,306,731.81 20,306,731.81 435,533.13 2,383,886.09September 15, 2029 . . . . . . . . . 19,947,131.57 19,947,131.57 427,390.38 2,335,951.29October 15, 2029 . . . . . . . . . . . 19,592,813.88 19,592,813.88 419,378.73 2,288,810.43November 15, 2029 . . . . . . . . . 19,243,707.26 19,243,707.26 411,496.21 2,242,451.43December 15, 2029. . . . . . . . . . 18,899,741.17 18,899,741.17 403,740.89 2,196,862.39January 15, 2030 . . . . . . . . . . . 18,560,845.96 18,560,845.96 396,110.84 2,152,031.58February 15, 2030 . . . . . . . . . . 18,226,952.92 18,226,952.92 388,604.19 2,107,947.42March 15, 2030 . . . . . . . . . . . . 17,897,994.19 17,897,994.19 381,219.08 2,064,598.54April 15, 2030 . . . . . . . . . . . . . 17,573,902.83 17,573,902.83 373,953.68 2,021,973.69May 15, 2030. . . . . . . . . . . . . . 17,254,612.72 17,254,612.72 366,806.19 1,980,061.82June 15, 2030. . . . . . . . . . . . . . 16,940,058.65 16,940,058.65 359,774.83 1,938,852.02July 15, 2030 . . . . . . . . . . . . . . 16,630,176.23 16,630,176.23 352,857.86 1,898,333.55August 15, 2030 . . . . . . . . . . . . 16,324,901.89 16,324,901.89 346,053.54 1,858,495.82September 15, 2030 . . . . . . . . . 16,024,172.91 16,024,172.91 339,360.18 1,819,328.41October 15, 2030 . . . . . . . . . . . 15,727,927.38 15,727,927.38 332,776.09 1,780,821.02November 15, 2030 . . . . . . . . . 15,436,104.20 15,436,104.20 326,299.64 1,742,963.53December 15, 2030. . . . . . . . . . 15,148,643.04 15,148,643.04 319,929.19 1,705,745.95January 15, 2031 . . . . . . . . . . . 14,865,484.39 14,865,484.39 313,663.13 1,669,158.46February 15, 2031 . . . . . . . . . . 14,586,569.47 14,586,569.47 307,499.89 1,633,191.36March 15, 2031 . . . . . . . . . . . . 14,311,840.32 14,311,840.32 301,437.90 1,597,835.09April 15, 2031 . . . . . . . . . . . . . 14,041,239.68 14,041,239.68 295,475.64 1,563,080.25May 15, 2031. . . . . . . . . . . . . . 13,774,711.07 13,774,711.07 289,611.59 1,528,917.57June 15, 2031. . . . . . . . . . . . . . 13,512,198.74 13,512,198.74 283,844.25 1,495,337.90July 15, 2031 . . . . . . . . . . . . . . 13,253,647.66 13,253,647.66 278,172.16 1,462,332.24August 15, 2031 . . . . . . . . . . . . 12,999,003.52 12,999,003.52 272,593.88 1,429,891.73September 15, 2031 . . . . . . . . . 12,748,212.71 12,748,212.71 267,107.97 1,398,007.62October 15, 2031 . . . . . . . . . . . 12,501,222.35 12,501,222.35 261,713.02 1,366,671.30November 15, 2031 . . . . . . . . . 12,257,980.21 12,257,980.21 256,407.66 1,335,874.28December 15, 2031. . . . . . . . . . 12,018,434.77 12,018,434.77 251,190.51 1,305,608.21January 15, 2032 . . . . . . . . . . . 11,782,535.17 11,782,535.17 246,060.23 1,275,864.84February 15, 2032 . . . . . . . . . . 11,550,231.21 11,550,231.21 241,015.50 1,246,636.05March 15, 2032 . . . . . . . . . . . . 11,321,473.38 11,321,473.38 236,055.01 1,217,913.85April 15, 2032 . . . . . . . . . . . . . 11,096,212.76 11,096,212.76 231,177.46 1,189,690.35May 15, 2032. . . . . . . . . . . . . . 10,874,401.13 10,874,401.13 226,381.59 1,161,957.80June 15, 2032. . . . . . . . . . . . . . 10,655,990.86 10,655,990.86 221,666.16 1,134,708.54July 15, 2032 . . . . . . . . . . . . . . 10,440,934.95 10,440,934.95 217,029.92 1,107,935.03August 15, 2032 . . . . . . . . . . . . 10,229,187.04 10,229,187.04 212,471.67 1,081,629.86September 15, 2032 . . . . . . . . . 10,020,701.35 10,020,701.35 207,990.20 1,055,785.69October 15, 2032 . . . . . . . . . . . 9,815,432.71 9,815,432.71 203,584.34 1,030,395.33November 15, 2032 . . . . . . . . . 9,613,336.55 9,613,336.55 199,252.93 1,005,451.67December 15, 2032. . . . . . . . . . 9,414,368.87 9,414,368.87 194,994.82 980,947.71January 15, 2033 . . . . . . . . . . . 9,218,486.25 9,218,486.25 190,808.89 956,876.57February 15, 2033 . . . . . . . . . . 9,025,645.86 9,025,645.86 186,694.01 933,231.44March 15, 2033 . . . . . . . . . . . . 8,835,805.41 8,835,805.41 182,649.11 910,005.64April 15, 2033 . . . . . . . . . . . . . 8,648,923.18 8,648,923.18 178,673.09 887,192.57May 15, 2033. . . . . . . . . . . . . . 8,464,957.98 8,464,957.98 174,764.90 864,785.74June 15, 2033. . . . . . . . . . . . . . 8,283,869.18 8,283,869.18 170,923.48 842,778.75July 15, 2033 . . . . . . . . . . . . . . 8,105,616.68 8,105,616.68 167,147.81 821,165.30August 15, 2033 . . . . . . . . . . . . 7,930,160.91 7,930,160.91 163,436.86 799,939.18September 15, 2033 . . . . . . . . . 7,757,462.81 7,757,462.81 159,789.65 779,094.26October 15, 2033 . . . . . . . . . . . 7,587,483.84 7,587,483.84 156,205.16 758,624.53November 15, 2033 . . . . . . . . . 7,420,185.99 7,420,185.99 152,682.45 738,524.04December 15, 2033. . . . . . . . . . 7,255,531.71 7,255,531.71 149,220.54 718,786.94January 15, 2034 . . . . . . . . . . . 7,093,483.97 7,093,483.97 145,818.49 699,407.48

B-4

Payment Date



Group 1PAC I


Group 2PAC


Group 3PAC


February 15, 2034 . . . . . . . . . . $ 6,934,006.24 $ 6,934,006.24 $ 142,475.37 $ 680,379.97March 15, 2034 . . . . . . . . . . . . 6,777,062.44 6,777,062.44 139,190.26 661,698.82April 15, 2034 . . . . . . . . . . . . . 6,622,617.00 6,622,617.00 135,962.26 643,358.53May 15, 2034. . . . . . . . . . . . . . 6,470,634.80 6,470,634.80 132,790.49 625,353.66June 15, 2034. . . . . . . . . . . . . . 6,321,081.18 6,321,081.18 129,674.05 607,678.88July 15, 2034 . . . . . . . . . . . . . . 6,173,921.96 6,173,921.96 126,612.10 590,328.91August 15, 2034 . . . . . . . . . . . . 6,029,123.39 6,029,123.39 123,603.77 573,298.56September 15, 2034 . . . . . . . . . 5,886,652.19 5,886,652.19 120,648.23 556,582.74October 15, 2034 . . . . . . . . . . . 5,746,475.49 5,746,475.49 117,744.65 540,176.40November 15, 2034 . . . . . . . . . 5,608,560.89 5,608,560.89 114,892.22 524,074.58December 15, 2034. . . . . . . . . . 5,472,876.39 5,472,876.39 112,090.14 508,272.40January 15, 2035 . . . . . . . . . . . 5,339,390.44 5,339,390.44 109,337.61 492,765.05February 15, 2035 . . . . . . . . . . 5,208,071.89 5,208,071.89 106,633.85 477,547.79March 15, 2035 . . . . . . . . . . . . 5,078,890.00 5,078,890.00 103,978.11 462,615.96April 15, 2035 . . . . . . . . . . . . . 4,951,814.47 4,951,814.47 101,369.62 447,964.94May 15, 2035. . . . . . . . . . . . . . 4,826,815.36 4,826,815.36 98,807.64 433,590.22June 15, 2035. . . . . . . . . . . . . . 4,703,863.16 4,703,863.16 96,291.44 419,487.34July 15, 2035 . . . . . . . . . . . . . . 4,582,928.74 4,582,928.74 93,820.29 405,651.89August 15, 2035 . . . . . . . . . . . . 4,463,983.36 4,463,983.36 91,393.48 392,079.56September 15, 2035 . . . . . . . . . 4,346,998.66 4,346,998.66 89,010.31 378,766.07October 15, 2035 . . . . . . . . . . . 4,231,946.66 4,231,946.66 86,670.09 365,707.23November 15, 2035 . . . . . . . . . 4,118,799.75 4,118,799.75 84,372.14 352,898.91December 15, 2035. . . . . . . . . . 4,007,530.70 4,007,530.70 82,115.79 340,337.02January 15, 2036 . . . . . . . . . . . 3,898,112.63 3,898,112.63 79,900.38 328,017.57February 15, 2036 . . . . . . . . . . 3,790,519.01 3,790,519.01 77,725.25 315,936.59March 15, 2036 . . . . . . . . . . . . 3,684,723.70 3,684,723.70 75,589.77 304,090.19April 15, 2036 . . . . . . . . . . . . . 3,580,700.87 3,580,700.87 73,493.31 292,474.55May 15, 2036. . . . . . . . . . . . . . 3,478,425.06 3,478,425.06 71,435.24 281,085.88June 15, 2036. . . . . . . . . . . . . . 3,377,871.15 3,377,871.15 69,414.95 269,920.47July 15, 2036 . . . . . . . . . . . . . . 3,279,014.33 3,279,014.33 67,431.83 258,974.66August 15, 2036 . . . . . . . . . . . . 3,181,830.15 3,181,830.15 65,485.30 248,244.84September 15, 2036 . . . . . . . . . 3,086,294.49 3,086,294.49 63,574.77 237,727.46October 15, 2036 . . . . . . . . . . . 2,992,383.53 2,992,383.53 61,699.65 227,419.02November 15, 2036 . . . . . . . . . 2,900,073.78 2,900,073.78 59,859.39 217,316.08December 15, 2036. . . . . . . . . . 2,809,342.07 2,809,342.07 58,053.42 207,415.24January 15, 2037 . . . . . . . . . . . 2,720,165.55 2,720,165.55 56,281.19 197,713.16February 15, 2037 . . . . . . . . . . 2,632,521.64 2,632,521.64 54,542.16 188,206.56March 15, 2037 . . . . . . . . . . . . 2,546,388.12 2,546,388.12 52,835.79 178,892.19April 15, 2037 . . . . . . . . . . . . . 2,461,743.01 2,461,743.01 51,161.55 169,766.86May 15, 2037. . . . . . . . . . . . . . 2,378,564.67 2,378,564.67 49,518.94 160,827.43June 15, 2037. . . . . . . . . . . . . . 2,296,831.72 2,296,831.72 47,907.43 152,070.81July 15, 2037 . . . . . . . . . . . . . . 2,216,523.10 2,216,523.10 46,326.52 143,493.95August 15, 2037 . . . . . . . . . . . . 2,137,618.00 2,137,618.00 44,775.72 135,093.84September 15, 2037 . . . . . . . . . 2,060,095.92 2,060,095.92 43,254.53 126,867.54October 15, 2037 . . . . . . . . . . . 1,983,936.62 1,983,936.62 41,762.48 118,812.14November 15, 2037 . . . . . . . . . 1,909,120.13 1,909,120.13 40,299.10 110,924.76December 15, 2037. . . . . . . . . . 1,835,626.77 1,835,626.77 38,863.91 103,202.59January 15, 2038 . . . . . . . . . . . 1,763,437.10 1,763,437.10 37,456.46 95,642.85February 15, 2038 . . . . . . . . . . 1,692,531.97 1,692,531.97 36,076.29 88,242.81March 15, 2038 . . . . . . . . . . . . 1,622,892.46 1,622,892.46 34,722.96 80,999.76April 15, 2038 . . . . . . . . . . . . . 1,554,499.93 1,554,499.93 33,396.03 73,911.07May 15, 2038. . . . . . . . . . . . . . 1,487,335.99 1,487,335.99 32,095.07 66,974.12June 15, 2038. . . . . . . . . . . . . . 1,421,382.47 1,421,382.47 30,819.64 60,186.33July 15, 2038 . . . . . . . . . . . . . . 1,356,621.50 1,356,621.50 29,569.34 53,545.18August 15, 2038 . . . . . . . . . . . . 1,293,035.40 1,293,035.40 28,343.75 47,048.17September 15, 2038 . . . . . . . . . 1,230,606.76 1,230,606.76 27,142.46 40,692.85October 15, 2038 . . . . . . . . . . . 1,169,318.40 1,169,318.40 25,965.06 34,476.80November 15, 2038 . . . . . . . . . 1,109,153.37 1,109,153.37 24,811.18 28,397.64December 15, 2038. . . . . . . . . . 1,050,094.96 1,050,094.96 23,680.41 22,453.04January 15, 2039 . . . . . . . . . . . 992,126.68 992,126.68 22,572.37 16,640.68February 15, 2039 . . . . . . . . . . 935,232.26 935,232.26 21,486.70 10,958.30March 15, 2039 . . . . . . . . . . . . 879,395.65 879,395.65 20,423.01 5,403.66April 15, 2039 . . . . . . . . . . . . . 824,601.05 824,601.05 19,380.94 0.00May 15, 2039. . . . . . . . . . . . . . 770,832.83 770,832.83 18,360.13 0.00June 15, 2039. . . . . . . . . . . . . . 718,075.61 718,075.61 17,360.23 0.00July 15, 2039 . . . . . . . . . . . . . . 666,314.20 666,314.20 16,380.89 0.00August 15, 2039 . . . . . . . . . . . . 615,533.62 615,533.62 15,421.76 0.00

B-5

Payment Date



Group 1PAC I


Group 2PAC


Group 3PAC


September 15, 2039 . . . . . . . . . $ 565,719.11 $ 565,719.11 $ 14,482.51 $ 0.00October 15, 2039 . . . . . . . . . . . 516,856.09 516,856.09 13,562.80 0.00November 15, 2039 . . . . . . . . . 468,930.19 468,930.19 12,662.31 0.00December 15, 2039. . . . . . . . . . 421,927.25 421,927.25 11,780.71 0.00January 15, 2040 . . . . . . . . . . . 375,833.28 375,833.28 10,917.68 0.00February 15, 2040 . . . . . . . . . . 330,634.50 330,634.50 10,072.91 0.00March 15, 2040 . . . . . . . . . . . . 286,317.32 286,317.32 9,246.09 0.00April 15, 2040 . . . . . . . . . . . . . 242,868.32 242,868.32 8,436.92 0.00May 15, 2040. . . . . . . . . . . . . . 200,274.28 200,274.28 7,645.10 0.00June 15, 2040. . . . . . . . . . . . . . 158,522.15 158,522.15 6,870.34 0.00July 15, 2040 . . . . . . . . . . . . . . 117,599.08 117,599.08 6,112.34 0.00August 15, 2040 . . . . . . . . . . . . 77,492.38 77,492.38 5,370.82 0.00September 15, 2040 . . . . . . . . . 38,189.54 38,189.54 4,645.50 0.00October 15, 2040 . . . . . . . . . . . 0.00 0.00 3,936.10 0.00November 15, 2040 . . . . . . . . . 0.00 0.00 3,242.35 0.00December 15, 2040. . . . . . . . . . 0.00 0.00 2,563.98 0.00January 15, 2041 . . . . . . . . . . . 0.00 0.00 1,900.73 0.00February 15, 2041 . . . . . . . . . . 0.00 0.00 1,252.34 0.00March 15, 2041 . . . . . . . . . . . . 0.00 0.00 618.54 0.00April 15, 2041

and after . . . . . . . . . . . . . . . 0.00 0.00 0.00 0.00

B-6

Payment Date

Group 4PAC

(Aggregate)

Group 7PAC, PAC Iand PAC II(Aggregate)

Group 7QA

PAC I

Initial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $117,686,000.00 $167,149,000.00 $129,501,000.00April 15, 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116,809,472.82 164,967,380.51 128,234,145.12May 15, 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115,896,193.81 162,984,475.93 126,970,280.52June 15, 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114,946,681.31 161,018,240.68 125,709,390.36July 15, 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113,961,478.50 159,068,540.05 124,451,458.84August 15, 2012. . . . . . . . . . . . . . . . . . . . . . . . . . . 112,941,152.95 157,135,240.36 123,196,470.19September 15, 2012 . . . . . . . . . . . . . . . . . . . . . . . . 111,886,296.03 155,218,209.02 121,944,408.70October 15, 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . 110,797,522.39 153,317,314.49 120,695,258.66November 15, 2012 . . . . . . . . . . . . . . . . . . . . . . . . 109,675,469.35 151,432,426.27 119,449,004.43December 15, 2012 . . . . . . . . . . . . . . . . . . . . . . . . 108,520,796.30 149,563,414.89 118,205,630.39January 15, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . 107,334,184.04 147,710,151.93 116,965,120.96February 15, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . 106,116,334.15 145,872,509.98 115,727,460.59March 15, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . 104,867,968.24 144,050,362.62 114,492,633.77April 15, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 103,589,827.30 142,243,584.48 113,260,625.04May 15, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102,282,670.89 140,452,051.15 112,031,418.95June 15, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,947,276.47 138,675,639.22 110,805,000.11July 15, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99,622,047.06 136,914,226.26 109,581,353.14August 15, 2013. . . . . . . . . . . . . . . . . . . . . . . . . . . 98,306,908.73 135,167,690.83 108,360,462.71September 15, 2013 . . . . . . . . . . . . . . . . . . . . . . . . 97,001,788.05 133,435,912.43 107,142,313.53October 15, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . 95,706,612.13 131,718,771.53 105,926,890.33November 15, 2013 . . . . . . . . . . . . . . . . . . . . . . . . 94,421,308.60 130,016,149.55 104,714,177.88December 15, 2013 . . . . . . . . . . . . . . . . . . . . . . . . 93,145,805.59 128,327,928.85 103,504,161.00January 15, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . 91,880,031.75 126,653,992.74 102,296,824.51February 15, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . 90,623,916.25 124,994,225.44 101,092,153.29March 15, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . 89,377,388.76 123,348,512.10 99,890,132.25April 15, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88,140,379.44 121,716,738.78 98,690,746.32May 15, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86,912,818.97 120,098,792.44 97,493,980.49June 15, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85,694,638.50 118,494,560.96 96,299,819.75July 15, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84,485,769.69 116,903,933.09 95,108,249.14August 15, 2014. . . . . . . . . . . . . . . . . . . . . . . . . . . 83,286,144.68 115,326,798.48 93,919,253.73September 15, 2014 . . . . . . . . . . . . . . . . . . . . . . . . 82,095,696.10 113,763,047.66 92,732,818.63October 15, 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . 80,914,357.06 112,212,572.01 91,548,928.98November 15, 2014 . . . . . . . . . . . . . . . . . . . . . . . . 79,742,061.13 110,675,263.79 90,367,569.93December 15, 2014 . . . . . . . . . . . . . . . . . . . . . . . . 78,578,742.38 109,151,016.12 89,188,726.68January 15, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . 77,424,335.35 107,639,722.96 88,012,384.48February 15, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . 76,278,775.02 106,141,279.14 86,838,528.57March 15, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . 75,141,996.86 104,655,580.29 85,667,144.26April 15, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74,013,936.78 103,182,522.89 84,498,216.87May 15, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72,894,531.18 101,722,004.25 83,331,731.74June 15, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71,783,716.89 100,273,922.48 82,167,674.27July 15, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,681,431.19 98,838,176.53 81,006,029.87August 15, 2015. . . . . . . . . . . . . . . . . . . . . . . . . . . 69,587,611.81 97,414,666.12 79,846,783.99September 15, 2015 . . . . . . . . . . . . . . . . . . . . . . . . 68,502,196.94 96,003,291.80 78,689,922.10October 15, 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . 67,425,125.19 94,603,954.89 77,535,429.71November 15, 2015 . . . . . . . . . . . . . . . . . . . . . . . . 66,356,335.63 93,216,557.50 76,383,292.35December 15, 2015 . . . . . . . . . . . . . . . . . . . . . . . . 65,295,767.74 91,841,002.53 75,233,495.59January 15, 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . 64,243,361.46 90,477,193.65 74,086,025.02February 15, 2016 . . . . . . . . . . . . . . . . . . . . . . . . . 63,199,057.14 89,125,035.29 72,940,866.27March 15, 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . 62,162,795.57 87,784,432.64 71,798,004.99April 15, 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61,134,517.95 86,455,291.66 70,657,426.85May 15, 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60,114,165.91 85,137,519.06 69,519,117.57June 15, 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59,101,681.48 83,831,022.26 68,383,062.88July 15, 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58,097,007.13 82,535,709.47 67,249,248.55August 15, 2016. . . . . . . . . . . . . . . . . . . . . . . . . . . 57,100,085.74 81,251,489.58 66,117,660.38September 15, 2016 . . . . . . . . . . . . . . . . . . . . . . . . 56,110,860.56 79,978,272.25 64,988,284.18October 15, 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . 55,129,275.30 78,715,967.84 63,861,105.80November 15, 2016 . . . . . . . . . . . . . . . . . . . . . . . . 54,155,274.03 77,464,487.41 62,736,111.12December 15, 2016 . . . . . . . . . . . . . . . . . . . . . . . . 53,188,801.24 76,223,742.75 61,613,286.04January 15, 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . 52,229,801.82 74,993,646.36 60,492,616.50February 15, 2017 . . . . . . . . . . . . . . . . . . . . . . . . . 51,278,221.04 73,774,111.41 59,374,088.45March 15, 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,334,004.57 72,565,051.79 58,257,687.87April 15, 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,397,098.47 71,366,382.06 57,143,400.77May 15, 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48,467,449.18 70,178,017.47 56,031,213.20June 15, 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47,545,003.53 68,999,873.94 54,921,111.21July 15, 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46,629,708.73 67,831,868.07 53,813,080.90August 15, 2017. . . . . . . . . . . . . . . . . . . . . . . . . . . 45,721,512.35 66,673,917.11 52,707,108.37September 15, 2017 . . . . . . . . . . . . . . . . . . . . . . . . 44,820,362.38 65,525,938.98 51,603,179.77

B-7

Payment Date

Group 4PAC


Group 7PAC, PAC Iand PAC II(Aggregate)continued

Group 7QA

PAC Icontinued

October 15, 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . $ 43,926,207.12 $ 64,387,852.26 $ 50,501,281.26November 15, 2017 . . . . . . . . . . . . . . . . . . . . . . . . 43,038,995.29 63,259,576.17 49,401,399.04December 15, 2017 . . . . . . . . . . . . . . . . . . . . . . . . 42,158,675.96 62,141,030.58 48,313,701.67January 15, 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . 41,285,198.57 61,032,136.00 47,248,739.50February 15, 2018 . . . . . . . . . . . . . . . . . . . . . . . . . 40,418,512.90 59,932,813.57 46,206,044.66March 15, 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,558,569.11 58,842,985.07 45,185,158.77April 15, 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38,705,993.25 57,766,005.66 44,185,632.75May 15, 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,871,314.28 56,707,921.92 43,207,026.63June 15, 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,054,163.34 55,668,410.95 42,248,909.38July 15, 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,254,179.06 54,647,155.24 41,310,858.69August 15, 2018. . . . . . . . . . . . . . . . . . . . . . . . . . . 35,471,007.43 53,643,842.66 40,392,460.86September 15, 2018 . . . . . . . . . . . . . . . . . . . . . . . . 34,704,301.63 52,658,166.28 39,493,310.57October 15, 2018 . . . . . . . . . . . . . . . . . . . . . . . . . . 33,953,721.93 51,689,824.35 38,613,010.73November 15, 2018 . . . . . . . . . . . . . . . . . . . . . . . . 33,218,935.48 50,738,520.19 37,751,172.34December 15, 2018 . . . . . . . . . . . . . . . . . . . . . . . . 32,499,616.22 49,803,962.10 36,907,414.28January 15, 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . 31,795,444.74 48,885,863.30 36,081,363.19February 15, 2019 . . . . . . . . . . . . . . . . . . . . . . . . . 31,106,108.12 47,983,941.83 35,272,653.30March 15, 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,431,299.84 47,097,920.46 34,480,926.26April 15, 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,770,719.59 46,227,526.63 33,705,831.03May 15, 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,124,073.22 45,372,492.38 32,947,023.71June 15, 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,491,072.55 44,532,554.25 32,204,167.38July 15, 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,871,435.28 43,707,453.21 31,476,931.99August 15, 2019. . . . . . . . . . . . . . . . . . . . . . . . . . . 27,264,884.87 42,896,934.61 30,764,994.20September 15, 2019 . . . . . . . . . . . . . . . . . . . . . . . . 26,671,150.44 42,100,748.07 30,068,037.27October 15, 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . 26,089,966.60 41,318,647.44 29,385,750.89November 15, 2019 . . . . . . . . . . . . . . . . . . . . . . . . 25,521,073.41 40,550,390.73 28,717,831.08December 15, 2019 . . . . . . . . . . . . . . . . . . . . . . . . 24,964,216.22 39,795,739.99 28,063,980.05January 15, 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . 24,419,145.59 39,054,461.32 27,423,906.09February 15, 2020 . . . . . . . . . . . . . . . . . . . . . . . . . 23,885,617.15 38,326,324.76 26,797,323.42March 15, 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,363,391.55 37,611,104.20 26,183,952.09April 15, 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,852,234.32 36,908,577.37 25,583,517.88May 15, 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,351,915.78 36,218,525.76 24,995,752.14June 15, 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,862,210.93 35,540,734.51 24,420,391.70July 15, 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,382,899.41 34,874,992.42 23,857,178.77August 15, 2020. . . . . . . . . . . . . . . . . . . . . . . . . . . 20,913,765.33 34,221,091.85 23,305,860.82September 15, 2020 . . . . . . . . . . . . . . . . . . . . . . . . 20,454,597.22 33,578,828.66 22,766,190.49October 15, 2020 . . . . . . . . . . . . . . . . . . . . . . . . . . 20,005,187.96 32,948,002.15 22,237,925.43November 15, 2020 . . . . . . . . . . . . . . . . . . . . . . . . 19,565,334.65 32,328,415.05 21,720,828.30December 15, 2020 . . . . . . . . . . . . . . . . . . . . . . . . 19,134,838.54 31,719,873.37 21,214,666.55January 15, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . 18,713,504.96 31,122,186.45 20,719,212.43February 15, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . 18,301,143.22 30,535,166.81 20,234,242.81March 15, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,897,566.55 29,958,630.18 19,759,539.14April 15, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,502,591.98 29,392,395.38 19,294,887.35May 15, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,116,040.32 28,836,284.31 18,840,077.73June 15, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,737,736.02 28,290,121.87 18,394,904.86July 15, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,367,507.17 27,753,735.94 17,959,167.53August 15, 2021. . . . . . . . . . . . . . . . . . . . . . . . . . . 16,005,185.35 27,226,957.32 17,532,668.67September 15, 2021 . . . . . . . . . . . . . . . . . . . . . . . . 15,650,605.61 26,709,619.64 17,115,215.21October 15, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . 15,303,606.39 26,201,559.40 16,706,618.05November 15, 2021 . . . . . . . . . . . . . . . . . . . . . . . . 14,964,029.43 25,702,615.83 16,306,691.98December 15, 2021 . . . . . . . . . . . . . . . . . . . . . . . . 14,631,719.74 25,212,630.90 15,915,255.56January 15, 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . 14,306,525.49 24,731,449.26 15,532,131.08February 15, 2022 . . . . . . . . . . . . . . . . . . . . . . . . . 13,988,297.99 24,258,918.20 15,157,144.48March 15, 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,676,891.58 23,794,887.59 14,790,125.26April 15, 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,372,163.62 23,339,209.85 14,430,906.42May 15, 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,073,974.39 22,891,739.91 14,079,324.39June 15, 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,782,187.04 22,452,335.15 13,735,218.95July 15, 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,496,667.54 22,020,855.39 13,398,433.19August 15, 2022. . . . . . . . . . . . . . . . . . . . . . . . . . . 12,217,284.61 21,597,162.83 13,068,813.39September 15, 2022 . . . . . . . . . . . . . . . . . . . . . . . . 11,943,909.68 21,181,121.99 12,746,209.02October 15, 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . 11,676,416.82 20,772,599.71 12,430,472.62November 15, 2022 . . . . . . . . . . . . . . . . . . . . . . . . 11,414,682.70 20,371,465.09 12,121,459.78December 15, 2022 . . . . . . . . . . . . . . . . . . . . . . . . 11,158,586.52 19,977,589.46 11,819,029.03January 15, 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . 10,908,009.98 19,590,846.33 11,523,041.84February 15, 2023 . . . . . . . . . . . . . . . . . . . . . . . . . 10,662,837.20 19,211,111.36 11,233,362.52March 15, 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,422,954.71 18,838,262.34 10,949,858.15

B-8

Payment Date

Group 4PAC



Group 7QA

PAC Icontinued

April 15, 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,188,251.37 $ 18,472,179.14 $ 10,672,398.59May 15, 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,958,618.32 18,112,743.65 10,400,856.34June 15, 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,733,948.97 17,759,839.81 10,135,106.54July 15, 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,514,138.91 17,413,353.50 9,875,026.91August 15, 2023. . . . . . . . . . . . . . . . . . . . . . . . . . . 9,299,085.89 17,073,172.56 9,620,497.68September 15, 2023 . . . . . . . . . . . . . . . . . . . . . . . . 9,088,689.77 16,739,186.76 9,371,401.54October 15, 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . 8,882,852.48 16,411,287.72 9,127,623.62November 15, 2023 . . . . . . . . . . . . . . . . . . . . . . . . 8,681,477.99 16,089,368.92 8,889,051.40December 15, 2023 . . . . . . . . . . . . . . . . . . . . . . . . 8,484,472.22 15,773,325.68 8,655,574.69January 15, 2024 . . . . . . . . . . . . . . . . . . . . . . . . . . 8,291,743.07 15,463,055.06 8,427,085.58February 15, 2024 . . . . . . . . . . . . . . . . . . . . . . . . . 8,103,200.32 15,158,455.91 8,203,478.38March 15, 2024 . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,918,755.64 14,859,428.80 7,984,649.58April 15, 2024 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,738,322.49 14,565,876.01 7,770,497.81May 15, 2024 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,561,816.16 14,277,701.46 7,560,923.79June 15, 2024 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,389,153.67 13,994,810.74 7,355,830.31July 15, 2024 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,220,253.77 13,717,111.05 7,155,122.15August 15, 2024. . . . . . . . . . . . . . . . . . . . . . . . . . . 7,055,036.88 13,444,511.15 6,958,706.06September 15, 2024 . . . . . . . . . . . . . . . . . . . . . . . . 6,893,425.08 13,176,921.41 6,766,490.73October 15, 2024 . . . . . . . . . . . . . . . . . . . . . . . . . . 6,735,342.07 12,914,253.68 6,578,386.74November 15, 2024 . . . . . . . . . . . . . . . . . . . . . . . . 6,580,713.11 12,656,421.36 6,394,306.50December 15, 2024 . . . . . . . . . . . . . . . . . . . . . . . . 6,429,465.04 12,403,339.31 6,214,164.26January 15, 2025 . . . . . . . . . . . . . . . . . . . . . . . . . . 6,281,526.19 12,154,923.86 6,037,876.04February 15, 2025 . . . . . . . . . . . . . . . . . . . . . . . . . 6,136,826.38 11,911,092.76 5,865,359.58March 15, 2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,995,296.92 11,671,765.19 5,696,534.34April 15, 2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,856,870.50 11,436,861.69 5,531,321.47May 15, 2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,721,481.24 11,206,304.20 5,369,643.71June 15, 2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,589,064.61 10,980,015.95 5,211,425.43July 15, 2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,459,557.45 10,757,921.53 5,056,592.58August 15, 2025. . . . . . . . . . . . . . . . . . . . . . . . . . . 5,332,897.87 10,539,946.80 4,905,072.63September 15, 2025 . . . . . . . . . . . . . . . . . . . . . . . . 5,209,025.30 10,326,018.90 4,756,794.55October 15, 2025 . . . . . . . . . . . . . . . . . . . . . . . . . . 5,087,880.42 10,116,066.23 4,611,688.80November 15, 2025 . . . . . . . . . . . . . . . . . . . . . . . . 4,969,405.14 9,910,018.40 4,469,687.29December 15, 2025 . . . . . . . . . . . . . . . . . . . . . . . . 4,853,542.59 9,707,806.26 4,330,723.32January 15, 2026 . . . . . . . . . . . . . . . . . . . . . . . . . . 4,740,237.08 9,509,361.82 4,194,731.60February 15, 2026 . . . . . . . . . . . . . . . . . . . . . . . . . 4,629,434.08 9,314,618.26 4,061,648.19March 15, 2026 . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,521,080.19 9,123,509.94 3,931,410.48April 15, 2026 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,415,123.13 8,935,972.32 3,803,957.16May 15, 2026 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,311,511.71 8,751,941.99 3,679,228.21June 15, 2026 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,210,195.81 8,571,356.61 3,557,164.85July 15, 2026 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,111,126.35 8,394,154.94 3,437,709.51August 15, 2026. . . . . . . . . . . . . . . . . . . . . . . . . . . 4,014,255.27 8,220,276.77 3,320,805.85September 15, 2026 . . . . . . . . . . . . . . . . . . . . . . . . 3,919,535.53 8,049,662.95 3,206,398.69October 15, 2026 . . . . . . . . . . . . . . . . . . . . . . . . . . 3,826,921.07 7,882,255.35 3,094,433.99November 15, 2026 . . . . . . . . . . . . . . . . . . . . . . . . 3,736,366.77 7,717,996.81 2,984,858.86December 15, 2026 . . . . . . . . . . . . . . . . . . . . . . . . 3,647,828.47 7,556,831.20 2,877,621.49January 15, 2027 . . . . . . . . . . . . . . . . . . . . . . . . . . 3,561,262.95 7,398,703.34 2,772,671.18February 15, 2027 . . . . . . . . . . . . . . . . . . . . . . . . . 3,476,627.87 7,243,558.99 2,669,958.25March 15, 2027 . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,393,881.78 7,091,344.87 2,569,434.11April 15, 2027 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,312,984.10 6,942,008.60 2,471,051.13May 15, 2027 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,233,895.11 6,795,498.74 2,374,762.73June 15, 2027 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,156,575.90 6,651,764.69 2,280,523.25July 15, 2027 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,080,988.41 6,510,756.77 2,188,288.02August 15, 2027. . . . . . . . . . . . . . . . . . . . . . . . . . . 3,007,095.33 6,372,426.13 2,098,013.31September 15, 2027 . . . . . . . . . . . . . . . . . . . . . . . . 2,934,860.19 6,236,724.78 2,009,656.28October 15, 2027 . . . . . . . . . . . . . . . . . . . . . . . . . . 2,864,247.23 6,103,605.57 1,923,175.01November 15, 2027 . . . . . . . . . . . . . . . . . . . . . . . . 2,795,221.48 5,973,022.15 1,838,528.44December 15, 2027 . . . . . . . . . . . . . . . . . . . . . . . . 2,727,748.68 5,844,928.97 1,755,676.38January 15, 2028 . . . . . . . . . . . . . . . . . . . . . . . . . . 2,661,795.31 5,719,281.29 1,674,579.49February 15, 2028 . . . . . . . . . . . . . . . . . . . . . . . . . 2,597,328.54 5,596,035.14 1,595,199.24March 15, 2028 . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,534,316.23 5,475,147.30 1,517,497.93April 15, 2028 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,472,726.93 5,356,575.31 1,441,438.62May 15, 2028 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,412,529.84 5,240,277.46 1,366,985.18June 15, 2028 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,353,694.81 5,126,212.73 1,294,102.21July 15, 2028 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,296,192.32 5,014,340.86 1,222,755.07August 15, 2028. . . . . . . . . . . . . . . . . . . . . . . . . . . 2,239,993.49 4,904,622.24 1,152,909.86September 15, 2028 . . . . . . . . . . . . . . . . . . . . . . . . 2,185,070.03 4,797,018.00 1,084,533.36

B-9

Payment Date

Group 4PAC



Group 7QA

PAC Icontinued

October 15, 2028 . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,131,394.25 $ 4,691,489.90 $ 1,017,593.08November 15, 2028 . . . . . . . . . . . . . . . . . . . . . . . . 2,078,939.05 4,588,000.40 952,057.20December 15, 2028 . . . . . . . . . . . . . . . . . . . . . . . . 2,027,677.90 4,486,512.59 887,894.57January 15, 2029 . . . . . . . . . . . . . . . . . . . . . . . . . . 1,977,584.82 4,386,990.22 825,074.70February 15, 2029 . . . . . . . . . . . . . . . . . . . . . . . . . 1,928,634.41 4,289,397.67 763,567.73March 15, 2029 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,880,801.76 4,193,699.94 703,344.46April 15, 2029 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,834,062.53 4,099,862.62 644,376.27May 15, 2029 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,788,392.87 4,007,851.94 586,635.17June 15, 2029 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,743,769.43 3,917,634.68 530,093.75July 15, 2029 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,700,169.38 3,829,178.24 474,725.18August 15, 2029. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,657,570.35 3,742,450.55 420,503.19September 15, 2029 . . . . . . . . . . . . . . . . . . . . . . . . 1,615,950.46 3,657,420.12 367,402.09October 15, 2029 . . . . . . . . . . . . . . . . . . . . . . . . . . 1,575,288.27 3,574,056.02 315,396.70November 15, 2029 . . . . . . . . . . . . . . . . . . . . . . . . 1,535,562.83 3,492,327.85 264,462.39December 15, 2029 . . . . . . . . . . . . . . . . . . . . . . . . 1,496,753.60 3,412,205.74 214,575.06January 15, 2030 . . . . . . . . . . . . . . . . . . . . . . . . . . 1,458,840.50 3,333,660.36 165,711.10February 15, 2030 . . . . . . . . . . . . . . . . . . . . . . . . . 1,421,803.87 3,256,662.86 117,847.41March 15, 2030 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,385,624.45 3,181,184.93 70,961.39April 15, 2030 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,350,283.42 3,107,198.75 25,030.90May 15, 2030 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,315,762.34 3,034,676.97 0.00June 15, 2030 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,282,043.17 2,963,592.74 0.00July 15, 2030 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,249,108.24 2,893,919.67 0.00August 15, 2030. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,216,940.27 2,825,631.84 0.00September 15, 2030 . . . . . . . . . . . . . . . . . . . . . . . . 1,185,522.36 2,758,703.78 0.00October 15, 2030 . . . . . . . . . . . . . . . . . . . . . . . . . . 1,154,837.94 2,693,110.48 0.00November 15, 2030 . . . . . . . . . . . . . . . . . . . . . . . . 1,124,870.82 2,628,827.35 0.00December 15, 2030 . . . . . . . . . . . . . . . . . . . . . . . . 1,095,605.14 2,565,830.26 0.00January 15, 2031 . . . . . . . . . . . . . . . . . . . . . . . . . . 1,067,025.38 2,504,095.47 0.00February 15, 2031 . . . . . . . . . . . . . . . . . . . . . . . . . 1,039,116.35 2,443,599.70 0.00March 15, 2031 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,011,863.21 2,384,320.05 0.00April 15, 2031 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 985,251.39 2,326,234.03 0.00May 15, 2031 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 959,266.68 2,269,319.55 0.00June 15, 2031 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 933,895.14 2,213,554.92 0.00July 15, 2031 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 909,123.14 2,158,918.81 0.00August 15, 2031. . . . . . . . . . . . . . . . . . . . . . . . . . . 884,937.35 2,105,390.29 0.00September 15, 2031 . . . . . . . . . . . . . . . . . . . . . . . . 861,324.72 2,052,948.79 0.00October 15, 2031 . . . . . . . . . . . . . . . . . . . . . . . . . . 838,272.46 2,001,574.10 0.00November 15, 2031 . . . . . . . . . . . . . . . . . . . . . . . . 815,768.10 1,951,246.37 0.00December 15, 2031 . . . . . . . . . . . . . . . . . . . . . . . . 793,799.39 1,901,946.12 0.00January 15, 2032 . . . . . . . . . . . . . . . . . . . . . . . . . . 772,354.38 1,853,654.18 0.00February 15, 2032 . . . . . . . . . . . . . . . . . . . . . . . . . 751,421.34 1,806,351.76 0.00March 15, 2032 . . . . . . . . . . . . . . . . . . . . . . . . . . . 730,988.83 1,760,020.36 0.00April 15, 2032 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 711,045.63 1,714,641.86 0.00May 15, 2032 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 691,580.78 1,670,198.41 0.00June 15, 2032 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 672,583.54 1,626,672.50 0.00July 15, 2032 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 654,043.41 1,584,046.95 0.00August 15, 2032. . . . . . . . . . . . . . . . . . . . . . . . . . . 635,950.11 1,542,304.86 0.00September 15, 2032 . . . . . . . . . . . . . . . . . . . . . . . . 618,293.59 1,501,429.63 0.00October 15, 2032 . . . . . . . . . . . . . . . . . . . . . . . . . . 601,064.02 1,461,404.97 0.00November 15, 2032 . . . . . . . . . . . . . . . . . . . . . . . . 584,251.76 1,422,214.89 0.00December 15, 2032 . . . . . . . . . . . . . . . . . . . . . . . . 567,847.41 1,383,843.64 0.00January 15, 2033 . . . . . . . . . . . . . . . . . . . . . . . . . . 551,841.76 1,346,275.81 0.00February 15, 2033 . . . . . . . . . . . . . . . . . . . . . . . . . 536,225.78 1,309,496.21 0.00March 15, 2033 . . . . . . . . . . . . . . . . . . . . . . . . . . . 520,990.66 1,273,489.97 0.00April 15, 2033 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 506,127.78 1,238,242.45 0.00May 15, 2033 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 491,628.69 1,203,739.30 0.00June 15, 2033 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 477,485.14 1,169,966.39 0.00July 15, 2033 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 463,689.05 1,136,909.88 0.00August 15, 2033. . . . . . . . . . . . . . . . . . . . . . . . . . . 450,232.52 1,104,556.15 0.00September 15, 2033 . . . . . . . . . . . . . . . . . . . . . . . . 437,107.82 1,072,891.86 0.00October 15, 2033 . . . . . . . . . . . . . . . . . . . . . . . . . . 424,307.39 1,041,903.87 0.00November 15, 2033 . . . . . . . . . . . . . . . . . . . . . . . . 411,823.83 1,011,579.29 0.00December 15, 2033 . . . . . . . . . . . . . . . . . . . . . . . . 399,649.91 981,905.47 0.00January 15, 2034 . . . . . . . . . . . . . . . . . . . . . . . . . . 387,778.54 952,869.98 0.00February 15, 2034 . . . . . . . . . . . . . . . . . . . . . . . . . 376,202.80 924,460.62 0.00March 15, 2034 . . . . . . . . . . . . . . . . . . . . . . . . . . . 364,915.92 896,665.39 0.00

B-10

Payment Date

Group 4PAC



Group 7QA

PAC Icontinued

April 15, 2034 . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 353,911.27 $ 869,472.54 $ 0.00May 15, 2034 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 343,182.38 842,870.50 0.00June 15, 2034 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 332,722.91 816,847.92 0.00July 15, 2034 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 322,526.64 791,393.66 0.00August 15, 2034. . . . . . . . . . . . . . . . . . . . . . . . . . . 312,587.53 766,496.78 0.00September 15, 2034 . . . . . . . . . . . . . . . . . . . . . . . . 302,899.64 742,146.52 0.00October 15, 2034 . . . . . . . . . . . . . . . . . . . . . . . . . . 293,457.17 718,332.35 0.00November 15, 2034 . . . . . . . . . . . . . . . . . . . . . . . . 284,254.44 695,043.90 0.00December 15, 2034 . . . . . . . . . . . . . . . . . . . . . . . . 275,285.91 672,270.99 0.00January 15, 2035 . . . . . . . . . . . . . . . . . . . . . . . . . . 266,546.14 650,003.64 0.00February 15, 2035 . . . . . . . . . . . . . . . . . . . . . . . . . 258,029.83 628,232.04 0.00March 15, 2035 . . . . . . . . . . . . . . . . . . . . . . . . . . . 249,731.79 606,946.56 0.00April 15, 2035 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 241,646.95 586,137.75 0.00May 15, 2035 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 233,770.33 565,796.32 0.00June 15, 2035 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 226,097.08 545,913.16 0.00July 15, 2035 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 218,622.45 526,479.32 0.00August 15, 2035. . . . . . . . . . . . . . . . . . . . . . . . . . . 211,341.80 507,486.02 0.00September 15, 2035 . . . . . . . . . . . . . . . . . . . . . . . . 204,250.59 488,924.63 0.00October 15, 2035 . . . . . . . . . . . . . . . . . . . . . . . . . . 197,344.38 470,786.68 0.00November 15, 2035 . . . . . . . . . . . . . . . . . . . . . . . . 190,618.82 453,063.86 0.00December 15, 2035 . . . . . . . . . . . . . . . . . . . . . . . . 184,069.67 435,748.01 0.00January 15, 2036 . . . . . . . . . . . . . . . . . . . . . . . . . . 177,692.78 418,831.12 0.00February 15, 2036 . . . . . . . . . . . . . . . . . . . . . . . . . 171,484.09 402,305.31 0.00March 15, 2036 . . . . . . . . . . . . . . . . . . . . . . . . . . . 165,439.63 386,162.87 0.00April 15, 2036 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 159,555.51 370,396.22 0.00May 15, 2036 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 153,827.95 354,997.91 0.00June 15, 2036 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 148,253.23 339,960.65 0.00July 15, 2036 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 142,827.73 325,277.25 0.00August 15, 2036. . . . . . . . . . . . . . . . . . . . . . . . . . . 137,547.90 310,940.68 0.00September 15, 2036 . . . . . . . . . . . . . . . . . . . . . . . . 132,410.26 296,944.04 0.00October 15, 2036 . . . . . . . . . . . . . . . . . . . . . . . . . . 127,411.44 283,280.53 0.00November 15, 2036 . . . . . . . . . . . . . . . . . . . . . . . . 122,548.11 269,943.50 0.00December 15, 2036 . . . . . . . . . . . . . . . . . . . . . . . . 117,817.04 256,926.41 0.00January 15, 2037 . . . . . . . . . . . . . . . . . . . . . . . . . . 113,215.06 244,222.86 0.00February 15, 2037 . . . . . . . . . . . . . . . . . . . . . . . . . 108,739.07 231,826.54 0.00March 15, 2037 . . . . . . . . . . . . . . . . . . . . . . . . . . . 104,386.04 219,731.27 0.00April 15, 2037 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,153.02 207,931.00 0.00May 15, 2037 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96,037.12 196,419.76 0.00June 15, 2037 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92,035.50 185,191.72 0.00July 15, 2037 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88,145.40 174,241.13 0.00August 15, 2037. . . . . . . . . . . . . . . . . . . . . . . . . . . 84,364.12 163,562.38 0.00September 15, 2037 . . . . . . . . . . . . . . . . . . . . . . . . 80,689.02 153,149.94 0.00October 15, 2037 . . . . . . . . . . . . . . . . . . . . . . . . . . 77,117.53 142,998.38 0.00November 15, 2037 . . . . . . . . . . . . . . . . . . . . . . . . 73,647.11 133,102.40 0.00December 15, 2037 . . . . . . . . . . . . . . . . . . . . . . . . 70,275.30 123,456.76 0.00January 15, 2038 . . . . . . . . . . . . . . . . . . . . . . . . . . 66,999.69 114,056.34 0.00February 15, 2038 . . . . . . . . . . . . . . . . . . . . . . . . . 63,817.93 104,896.12 0.00March 15, 2038 . . . . . . . . . . . . . . . . . . . . . . . . . . . 60,727.71 95,971.16 0.00April 15, 2038 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57,726.79 87,276.62 0.00May 15, 2038 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54,812.97 78,807.75 0.00June 15, 2038 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51,984.09 70,559.89 0.00July 15, 2038 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,238.07 62,528.47 0.00August 15, 2038. . . . . . . . . . . . . . . . . . . . . . . . . . . 46,572.85 54,708.98 0.00September 15, 2038 . . . . . . . . . . . . . . . . . . . . . . . . 43,986.42 47,097.04 0.00October 15, 2038 . . . . . . . . . . . . . . . . . . . . . . . . . . 41,476.83 39,688.31 0.00November 15, 2038 . . . . . . . . . . . . . . . . . . . . . . . . 39,042.16 32,478.57 0.00December 15, 2038 . . . . . . . . . . . . . . . . . . . . . . . . 36,680.55 25,463.64 0.00January 15, 2039 . . . . . . . . . . . . . . . . . . . . . . . . . . 34,390.16 18,639.44 0.00February 15, 2039 . . . . . . . . . . . . . . . . . . . . . . . . . 32,169.21 12,001.98 0.00March 15, 2039 . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,015.96 5,547.32 0.00April 15, 2039 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27,928.70 0.00 0.00May 15, 2039 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,905.77 0.00 0.00June 15, 2039 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,945.55 0.00 0.00July 15, 2039 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,046.43 0.00 0.00August 15, 2039. . . . . . . . . . . . . . . . . . . . . . . . . . . 20,206.88 0.00 0.00September 15, 2039 . . . . . . . . . . . . . . . . . . . . . . . . 18,425.38 0.00 0.00

B-11

Payment Date

Group 4PAC



Group 7QA

PAC Icontinued

October 15, 2039 . . . . . . . . . . . . . . . . . . . . . . . . . . $ 16,700.44 $ 0.00 $ 0.00November 15, 2039 . . . . . . . . . . . . . . . . . . . . . . . . 15,030.62 0.00 0.00December 15, 2039 . . . . . . . . . . . . . . . . . . . . . . . . 13,414.50 0.00 0.00January 15, 2040 . . . . . . . . . . . . . . . . . . . . . . . . . . 11,850.71 0.00 0.00February 15, 2040 . . . . . . . . . . . . . . . . . . . . . . . . . 10,337.90 0.00 0.00March 15, 2040 . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,874.75 0.00 0.00April 15, 2040 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,459.98 0.00 0.00May 15, 2040 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,092.32 0.00 0.00June 15, 2040 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,770.56 0.00 0.00July 15, 2040 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,493.50 0.00 0.00August 15, 2040. . . . . . . . . . . . . . . . . . . . . . . . . . . 2,259.96 0.00 0.00September 15, 2040 . . . . . . . . . . . . . . . . . . . . . . . . 1,068.81 0.00 0.00October 15, 2040

and after . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.00 0.00 0.00

B-12

If you intend to purchase Certificates, you shouldrely only on the information in this Supplementand the Offering Circular, including the informa-tion in the Incorporated Documents. We have notauthorized anyone to provide you with differentinformation.

This Supplement, the Offering Circular and theIncorporated Documents may not be correct aftertheir dates.

We are not offering the Certificates in any juris-diction that prohibits their offer.

TABLE OF CONTENTSDescription Page

Offering Circular SupplementCertain Risk Considerations . . . . . . . . . . . . . . . . . . . . . . . . . . S-2Terms Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-3Available Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-11General Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-11

The Trust Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . S-11Form of Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-11Denominations of Certificates . . . . . . . . . . . . . . . . . . . . . . S-12Structure of Transaction . . . . . . . . . . . . . . . . . . . . . . . . . S-12The Mortgages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-12

Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-12Payment Dates; Record Dates . . . . . . . . . . . . . . . . . . . . . . S-12Method of Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-13Categories of Classes . . . . . . . . . . . . . . . . . . . . . . . . . . . S-13Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-13Principal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-14Class Factors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-14Guarantees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-141% Clean-up Call . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-14Residual Proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-15

Prepayment and Yield Analysis . . . . . . . . . . . . . . . . . . . . . . . . S-15General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-15Prepayment and Weighted Average Life Considerations. . . . . . . S-16Declining Balances Table . . . . . . . . . . . . . . . . . . . . . . . . S-19Yield Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-29

Final Payment Dates. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-32Certain Federal Income Tax Consequences . . . . . . . . . . . . . . . . . S-32

General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-32Regular Classes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-32Residual Classes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-33MACR Classes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-33

ERISA Considerations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-33Accounting Considerations . . . . . . . . . . . . . . . . . . . . . . . . . . . S-34Legal Investment Considerations . . . . . . . . . . . . . . . . . . . . . . . S-34Plan of Distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-34Legal Matters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S-34Appendix A — Available Combinations — Series 4010 . . . . . . . . . A-1Appendix B — Balances Schedules . . . . . . . . . . . . . . . . . . . . . B-1

Offering CircularFreddie Mac . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3Additional Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8Risk Factors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13Application of Proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20Description of Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . 20MACR Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33Prepayment, Yield and Suitability Considerations . . . . . . . . . . . . . 33The Trust Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40Certain Federal Income Tax Consequences . . . . . . . . . . . . . . . . . 44ERISA Considerations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60Accounting Considerations . . . . . . . . . . . . . . . . . . . . . . . . . . . 61Legal Investment Considerations . . . . . . . . . . . . . . . . . . . . . . . 61Plan of Distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61Increase in Size . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62Appendix I — Index of Terms . . . . . . . . . . . . . . . . . . . . . . . . . I-1Appendix II — Standard Definitions and Abbreviations for

Classes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . II-1Appendix III — MACR Certificate Exchanges. . . . . . . . . . . . . . . III-1Appendix IV — Retail Class Principal Payments . . . . . . . . . . . . . IV-1Appendix V — Interest Rate Indices . . . . . . . . . . . . . . . . . . . . . V-1

$1,093,502,654

Freddie Mac

Multiclass Certificates,Series 4010

MORGAN STANLEY

February 14, 2012

Offering Circular Supplement $1,093,502,654 Freddie Mac

Documents

Transcript of Offering Circular Supplement $1,093,502,654 Freddie Mac