oÅering circular supplement $2,950,000,000 dated june 1 ... · oÅering circular supplement...
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OÅering Circular Supplement $2,950,000,000(To OÅering CircularDated June 1, 2003)
Freddie MacReference REMICSM
Series R006
OÅered Classes: REMIC Classes shown below, Call Class shown on page S-3 and MACR Classes shown onAppendix A
OÅering Terms: The underwriters named below are oÅering the Classes in negotiated transactions at varying prices;we have agreed to buy all of AB, VA, VB and ZA
Closing Date: April 17, 2006
REMIC Original Principal Class Interest CUSIP Final PaymentClasses Balance Type(1) Coupon Type(1) Number Date
AB ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $2,330,500,000 GMC/SEQ 6.0% FIX 31396JSB2 December 15, 2018AX(2) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2,330,500,000 SEQ 6.0 FIX 31396JSS5 October 15, 2033VA ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 236,000,000 AD/SEQ 6.0 FIX 31396JSY2 April 15, 2016VB ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 94,400,000 AD/SEQ 6.0 FIX 31396JSZ9 January 15, 2019ZA ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 289,100,000 SEQ 6.0 FIX/Z 31396JT21 April 15, 2036R ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 NPR 0.0 NPR 31396JSV8 April 15, 2036RA ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 NPR 0.0 NPR 31396JSW6 December 15, 2018
(1) See Appendix II to the OÅering Circular.(2) This Class backs the Guaranteed Maturity Class and will not be oÅered initially. See Terms Sheet Ì Guaranteed Maturity Class.
The CertiÑcates may not be suitable investments for you. You should not purchase CertiÑcates unless you have carefully
considered 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 CertiÑcates only if you have read and understood this Supplement, the attached OÅering Circular
and the documents listed under Available Information.
We guarantee principal and interest payments on the CertiÑcates and the proceeds due on the Call Class upon exercise of
the Call Right. These payments and proceeds are not guaranteed by and are not debts or obligations of the United States
or any federal agency or instrumentality other than Freddie Mac. The CertiÑcates are not tax-exempt. Because of
applicable securities law exemptions, we have not registered the CertiÑcates with any federal or state securities
commission. No securities commission has reviewed this Supplement.
Lead Underwriters
Banc of America Securities LLC Citigroup Goldman, Sachs & Co.
Co-Underwriters
Credit Suisse Deutsche Bank Securities HSBC
Lehman Brothers Merrill Lynch & Co.
April 7, 2006
CERTAIN RISK CONSIDERATIONS
Although we guarantee the payments on the CertiÑcates, and so bear the associated credit risk,
as an investor you will bear the other risks of owning mortgage securities. This section highlights
some of these risks. You should also read Risk Factors and Prepayment, Yield and Suitability
Considerations in the OÅering Circular for further discussions of these risks.
The CertiÑcates May Not be Suitable Investments for You. The CertiÑcates are complex
securities. You should not purchase CertiÑcates unless you are able to understand and bear the
associated prepayment, interest rate, yield and market risks.
In particular, the Interest Only, Principal Only, Accrual, Call and Residual Classes have
special risks and are not suitable for all investors.
Prepayments Can Reduce Your Yield. The yield on your CertiÑcates could be lower than you
expect if:
‚ You buy your CertiÑcates at a premium over their principal amount and principal
payments are faster than you expect.
‚ You buy your CertiÑcates at a discount to their principal amount and principal
payments are slower than you expect. This is especially true for the Principal Only
Class.
If you buy the Interest Only Class and prepayments are fast, you may not even recover your
investment.
The CertiÑcates are Subject to Market Risks. You will bear all of the market risks of your
investment. The market value of your CertiÑcates will vary over time, primarily in response to
changes in prevailing interest rates. If you sell your CertiÑcates when their market value is low, you
may experience signiÑcant losses.
‚ Secondary Market. The underwriters named on the front cover (the ""Underwriters'')
intend to make a market for the purchase and sale of the Classes after they are issued,
but have no obligation to do so. A secondary market may not develop. Even if one does
develop, it may not be liquid enough to allow you to sell your CertiÑcates easily or at
your desired price.
‚ Market Value of Call Class. The value of the Call Class will depend primarily on the
market value of the Underlying REMIC Class (which will depend on prevailing interest
rates and other market and economic conditions), market expectations about its future
value, and the costs associated with any exercise of the Call Right. If you own the Call
Class, you should consider the risk that you may lose all of your initial investment.
Our Multiclass CertiÑcates OÅering Circular dated June 1, 2003 (the ""OÅering Circular''),
attached to this Supplement, deÑnes many of the terms we use in this Supplement.
S-2
TERMS SHEET
This Terms Sheet contains selected information about this Series. You should refer to the
remainder of this Supplement for further information.
In this Supplement, we refer to Classes only by their letter designations. For example, ""R''
refers to the R Class of this Series.
Payment Dates
We make payments of principal and interest on the CertiÑcates on each monthly Payment Date
beginning in May 2006.
Form of Classes
Regular and MACR Classes: Book-entry on Fed System
Residual and Call Classes: CertiÑcated
Guaranteed Maturity Class
The Call Class, Callable Class and Underlying REMIC Class related to the Guaranteed
Maturity Class shown on the front cover are shown below.
Call CUSIP Underlying GuaranteedClass Number REMIC Class Callable Class Maturity Class Final Payment Date
A1 31396JSA4 AX AY AB December 15, 2018
The Holder of the Call Class may direct Freddie Mac to redeem the Guaranteed Maturity
Class on its Final Payment Date and acquire the Underlying REMIC Class.
See Appendix VI to the OÅering Circular and General Information Ì Structure of
Transaction.
Interest
The Fixed Rate Classes bear interest at the Class Coupons shown on the front cover and
Appendix A.
AO is a Principal Only Class and does not bear interest.
See Payments Ì Interest.
S-3
Notional Class
Original NotionalClass Principal Amount Reduces Proportionately With
AI* $2,330,500,000 AB (GMC/SEQ)
* MACR Class.
See Payments Ì Interest Ì Notional Class.
MACR Classes
This Series includes MACR Classes. Appendix A shows the characteristics of the MACR
Classes and the Combinations of REMIC and MACR Classes. See Appendix III to the OÅering
Circular.
We will permit MACR exchanges beginning on July 3, 2006. However, we may eÅect MACR
exchanges prior to July 3, 2006 in connection with the oÅering of AB (or one or more related
MACR Classes) through one or more underwriters as described under Plan of Distribution. In
addition, we reserve the right to approve certain other MACR exchanges prior to July 3, 2006, in our
discretion.
Principal
REMIC Classes
On each Payment Date, we pay:
Accretion A
DirectedB ‚ The Accrual Amount to VA and VB, in that order, until retired, and then to ZA
and AccrualD
ASequentialB ‚ The Asset Principal Amount to AX, VA, VB and ZA, in that order, until retiredPayD
AGMC/ ‚‚ On each Payment Date, principal payments allocated to AX, as described above, willSequential
B
Pay be distributed to AB, while outstandingD
See Payments Ì Principal and Prepayment and Yield Analysis.
MACR Classes
On each Payment Date when MACR CertiÑcates are outstanding, we allocate principal
payments from the applicable REMIC CertiÑcates to the related MACR CertiÑcates that are
entitled to principal, as described under MACR CertiÑcates in the OÅering Circular.
REMIC Status
We will form a Single-Tier REMIC Pool and a Guaranteed Maturity REMIC Pool for this
Series. We will elect to treat each REMIC Pool as a REMIC under the Code. R and RA will be
""Residual Classes'' and the other Classes shown on the front cover will be ""Regular Classes.'' The
Residual Classes will be subject to transfer restrictions. See Certain Federal Income Tax Conse-
quences in this Supplement and the OÅering Circular.
If you purchase the Call Class, you will be treated for federal income tax purposes as
purchasing a call option on the Underlying REMIC Class. See Certain Federal Income Tax
Consequences Ì CPCs Ì Status of the CPC Classes Ì The Call Class and Ì Taxation of the CPC
S-4
Classes Ì The Call Class in our Giant and Other Pass-Through CertiÑcates OÅering Circular dated
September 1, 2005.
Weighted Average Lives (in years)*PSA Prepayment Assumption
0% 100% 224% 350% 500%
AB, AC, AD, AE, AG, AH, AI, AJ, AK, AL, AN,AO, AQ, AT and AU ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 11.6 7.4 4.5 3.1 2.4
AX ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 18.7 7.9 4.5 3.1 2.4BÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 28.8 23.1 15.5 10.8 7.8VÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 7.2 7.2 7.0 5.9 4.7VA ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 5.5 5.5 5.5 5.1 4.2VB ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 11.4 11.4 10.7 7.9 5.9ZA ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 28.8 23.1 16.1 11.9 8.8The AssetsÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 20.8 11.1 6.8 4.8 3.5
* We calculate weighted average lives based on the assumptions described in Prepayment and Yield Analysis. The actualweighted average lives are likely to diÅer from those shown, perhaps signiÑcantly.
The Assets
The ""Assets'' consist of Freddie Mac Gold PCs and Gold Giant PCs (the ""PCs'') with the
following characteristics:
Original TermPrincipal Balance (in years) Interest Rate
$2,950,000,000 30 6.0%
See General Information Ì Structure of Transaction.
We have attached a schedule of the PCs that will constitute the Assets as Schedule I to this
Supplement.
We have agreed to sell the Assets to the Underwriters for inclusion in this Series.
Assumed Mortgage Characteristics (as of April 1, 2006)
Remaining Term Per Annumto Maturity Loan Age Per Annum Interest Rate
Principal Balance (in months) (in months) Interest Rate of Related PCs
$1,795,096,000 356 2 6.454% 6.0%436,668,000 349 7 6.399 6.0628,133,000 344 12 6.414 6.070,309,000 338 18 6.457 6.019,794,000 324 29 6.572 6.0
$2,950,000,000 352* 5* 6.438*
* Weighted average by principal balance.
The actual characteristics of the Mortgages diÅer from those shown, in some cases
signiÑcantly.
See General Information Ì The Mortgages and Schedule I.
S-5
AVAILABLE INFORMATION
You should purchase CertiÑcates only if you have read and understood this Supplement, the
OÅering Circular and the following documents:
‚ Our Mortgage Participation CertiÑcates OÅering Circular dated October 14, 2005 and
the related OÅering Circular Supplement dated December 1, 2005, which together
describe Gold PCs generally.
‚ Our Giant and Other Pass-Through CertiÑcates OÅering Circular dated September 1,
2005, which describes Gold Giant PCs generally.
‚ Our Information Statement dated June 14, 2005 and any subsequent Information
Statement and Information Statement Supplements published through the time of
purchase.
This Supplement incorporates by reference the documents listed above. You should rely only
on the most current information provided or incorporated by reference in this Supplement.
You can obtain the documents listed above, the Agreement and current information concerning
the Assets and the CertiÑcates from our Investor Inquiry Department or our Internet Web-Site as
described on page 3 of the OÅering Circular. You can also obtain the documents listed above from
the lead Underwriters at:
Banc of America Securities LLC
Prospectus Department
Capital Market Operations
100 West 33rd Street, 3rd Floor
New York, New York 10001
(646) 733-4166
Citigroup Global Markets Inc.
Prospectus Department
Brooklyn Army Terminal
140 58th Street, Suite 8G
Brooklyn, New York 11220
(718) 765-6732
Goldman, Sachs & Co.
Prospectus Department
85 Broad Street
Concourse Level
New York, New York 10004
(212) 902-1171
GENERAL INFORMATION
The Agreement
We will create the CertiÑcates under the Multiclass CertiÑcates Agreement dated June 1, 2003
and a Terms Supplement dated the Closing Date (together, the ""Agreement'').
S-6
You should refer to the Agreement for a complete description of your rights and obligations and
those of Freddie Mac. You will acquire your CertiÑcates subject to the terms and conditions of the
Agreement, including the Terms Supplement.
Form of CertiÑcates
The Regular and MACR Classes are issued, held and transferable on the Fed System. The
Residual Classes are issued and held in certiÑcated form and are transferable at the oÇce of the
Registrar.
The Call Class is issued and held in certiÑcated form as a single certiÑcate and is transferable at
the oÇce of the Registrar.
Only a Fed Participant can be a Holder of a Regular or MACR Class. As an investor in
CertiÑcates, you are not necessarily the Holder.
See Description of CertiÑcates Ì Form, Holders and Payment Procedures in the OÅering
Circular.
Structure of Transaction
Callable Pool
This Series has a Callable Pool, as follows:
Callable Class Call Class Callable Pool AssetIssued from Issued from (Underlying
Callable Pool Callable Pool REMIC Class)
AY A1 AX
REMIC Pools
This Series has two REMIC Pools, as follows:
REMIC Pool Classes Issued from REMIC Pool REMIC Pool Assets
Single-Tier All Regular Classes (other than AB) and R The Assets
Guaranteed Maturity AB and RA AY (Callable Class)
See Description of CertiÑcates Ì REMIC Pool Structures in the OÅering Circular.
The Assets
The Assets are Gold PCs and Gold Giant PCs. The Assets are shown on Schedule I. We have
attached a glossary of terms used on Schedule I as Schedule II to this Supplement.
The Mortgages
The Mortgages underlying the Assets (the ""Mortgages'') are Ñxed-rate, Ñrst lien residential
mortgages and mortgage participations.
For purposes of this Supplement, we have made certain assumptions regarding the Mortgages,
as shown under Terms Sheet Ì Assumed Mortgage Characteristics. However, the actual character-
istics of most of the Mortgages diÅer from those assumed, perhaps signiÑcantly. This is the case
even if the weighted average characteristics of the Mortgages are the same as those of mortgages
having the characteristics assumed.
S-7
We will furnish the Assets from our own portfolio. Assets from our portfolio, or from other
sources, may emphasize speciÑc Mortgage characteristics, such as loan purpose, source of origina-
tion, geographic distribution or loan size, or speciÑc borrower characteristics, such as credit rating or
equity in the property. You can obtain information about the underlying Mortgage characteristics
for the Assets from our Internet Web-Site.
PAYMENTS
Payment Dates; Record Dates
We make payments of principal and interest on the CertiÑcates on each Payment Date,
beginning in the month following the Closing Date. A ""Payment Date'' is the 15th of each month
or, if the 15th is not a Business Day, the next Business Day.
On each Payment Date, any payment on a CertiÑcate is made to the Holder of record as of the
end of the preceding calendar month (a ""Record Date'').
Method of Payment
You will receive payments on your CertiÑcates in the manner described under Description of
CertiÑcates Ì Form, Holders and Payment Procedures in the OÅering 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
OÅering Circular 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
has accrued, except that the Accrual Class receives payments as described below. We calculate each
interest payment on the outstanding balance of the Class as of the related Record Date and on the
basis of a 360-day year of twelve 30-day months.
Accrual Period
The ""Accrual Period'' for each Payment Date is the preceding calendar month.
Fixed Rate Classes
The Fixed Rate Classes bear interest at the Class Coupons shown on the front cover and
Appendix A.
Call Class
A1 is a Call Class and does not bear interest.
Principal Only Class
The Principal Only Class is shown under Terms Sheet Ì Interest. It does not bear interest.
S-8
Notional Class
The Notional Class does not receive principal payments. For calculating interest payments, it
has a notional principal amount that will reduce as shown under Terms Sheet Ì Notional Class.
Accrual Class
ZA is an Accrual Class. The Accrual Class does not receive interest payments; rather, interest
accrued on the Accrual Class during each Accrual Period is added to its principal amount on the
related Payment Date. We pay principal on the Accrual Class, including accrued interest that has
been added to its principal amount, as described under Terms Sheet Ì Principal.
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 CertiÑcates of their
Class.
Amount of Payments
The principal payments on the CertiÑcates on each Payment Date equal:
‚ The amount of interest accrued on the Accrual Class during the related Accrual Period
and not payable as interest on that Payment Date (the ""Accrual Amount'').
‚ The amount of principal required to be paid in the same month on the Assets (the
""Asset Principal Amount'').
Allocation of Payments
On each Payment Date, we pay the Accrual Amount and the Asset Principal Amount for that
Payment Date as described under Terms Sheet Ì Principal.
Call Class
The Call Class does not receive payments of principal. The Call Class has a notional principal
amount equal at all times to the principal amount of the Guaranteed Maturity Class.
Class Factors
General
We make Class Factors available on or about the Ñfth business day of each month after the
Closing Date. See Description of CertiÑcates Ì Payments Ì Class Factors in the OÅering Circular.
Use of Factors
You can calculate principal and interest payments by using the Class Factors.
For example, the reduction (or for the Accrual Class, the increase) in the balance of a
CertiÑcate in February will equal its original balance times the diÅerence between its January and
February Class Factors. The amount of interest to be paid on (or for the Accrual Class, added to the
principal amount of) a CertiÑcate in February will equal 30 days' interest at its Class Coupon,
S-9
accrued during the related Accrual Period, on the balance of that CertiÑcate determined by its
January Class Factor.
Guarantees
We guarantee to each Holder of a CertiÑcate the timely payment of interest at its Class
Coupon and the payment of its principal amount as described in this Supplement. We guarantee to
the Holder of the Call Class all proceeds due upon exercise of the Call Right. See Description of
CertiÑcates Ì Payments Ì Guarantees in the OÅering Circular.
1% Clean-up Call
We have a 1% Clean-up Call Right as to the Single-Tier REMIC Pool. If we exercise this
right, all of the Classes then outstanding will be paid in full and will retire. See Description of
CertiÑcates Ì Payments Ì 1% Clean-up Call in the OÅering Circular.
Residual Proceeds
Upon surrender of their CertiÑcates to the Registrar, the Holders of each Residual Class will
receive the proceeds of any remaining assets of the related REMIC Pool after all required principal
and interest payments on the Classes have been made. Any remaining assets are likely to be
insigniÑcant. See Description of CertiÑcates Ì Payments Ì Residual Classes in the OÅering
Circular.
PREPAYMENT AND YIELD ANALYSIS
General
Mortgage Prepayments
The rates of principal payments on the Assets and the CertiÑcates will depend on the rates of
principal payments, including prepayments, on the underlying Mortgages. The Mortgages are
subject to prepayment at any time without penalty. Mortgage prepayment rates Öuctuate continu-
ously and, in some market conditions, substantially. See Prepayment, Yield and Suitability
Considerations Ì Prepayments in the OÅering Circular for a discussion of Mortgage prepayment
considerations and risks.
Yield
As an investor in the CertiÑcates, 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 an interest-bearing Class, the delay between its Accrual Period and the
related Payment Date.
See Prepayment, Yield and Suitability Considerations Ì Yields in the OÅering Circular for a
discussion of yield considerations and risks.
S-10
Suitability
The CertiÑcates may not be suitable investments for you. See Prepayment, Yield and
Suitability Considerations Ì Suitability in the OÅering Circular for a discussion of suitability
considerations and risks.
Modeling Assumptions
To prepare the tables in this Supplement, we have made several assumptions. Unless otherwise
noted, each table employs the following assumptions (the ""Modeling Assumptions''), among
others:
‚ The Mortgages have the characteristics shown under Terms Sheet Ì Assumed Mort-
gage Characteristics.
‚ The Classes and Assets always receive payments on the 15th of the month, whether or
not a Business Day.
‚ 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 diÅer from actual
experience in many cases. For example, the Mortgages have characteristics more diverse than those
assumed, many Payment Dates will occur on a Business Day after the dates assumed and we may
exercise our 1% Clean-up Call Right. Moreover, Mortgage prepayment rates will diÅer from the
percentages of PSA shown in the tables. These diÅerences will aÅect the actual payment behavior,
weighted average lives and yields of the Classes, perhaps signiÑcantly.
See Prepayment, Yield and Suitability Considerations Ì Tabular Information in Supplements
in the OÅering Circular for descriptions of weighted average life and yield calculations and the PSA
prepayment model.
Prepayment and Weighted Average Life Considerations
Accretion Directed Classes
Payments of principal on the Accretion Directed Classes should be stable in varying degrees
under relatively slow prepayment scenarios because the Accrual Amount will be dedicated to
making principal payments on those Classes until they retire. The weighted average life of an
Accretion Directed Class cannot exceed its weighted average life as shown in the following table
under any prepayment scenario, even a scenario where there are no prepayments. Based on the
Modeling Assumptions, each Accretion Directed Class would retire on, but not before, its Final
Payment Date if the underlying Mortgages prepay at any constant rate at or below the rate shown
for that Class until it retires.
The principal payment stability of the Accretion Directed Classes is supported primarily by
their receipt of the Accrual Amount. They are protected against early retirement by the Classes
shown in the table. When those Classes retire, however, each Accretion Directed Class, if
outstanding, will become sensitive to Mortgage prepayments and may retire before its Final
Payment Date.
S-11
Accretion Directed Classes
MaximumWeighted
Average Life Prepayment RateClass (in years) Final Payment Date at or below Protected By
EV ÏÏÏÏÏÏÏÏÏÏÏÏ 7.2 January 15, 2019 174% PSAFVAÏÏÏÏÏÏÏÏÏÏÏ 5.5 April 15, 2016 236% PSA AX and the Guaranteed Maturity ClassesHVB ÏÏÏÏÏÏÏÏÏÏÏ 11.4 January 15, 2019 174% PSA
The underlying Mortgages have characteristics that diÅer from the Modeling Assumptions. As
a result, even if the Mortgages prepay at a rate at or somewhat below the rate shown for an
Accretion Directed Class, that Class could retire before its Final Payment Date and its weighted
average life could shorten.
Sequential Pay Classes
The Sequential Pay Classes receive principal payments from the Asset Principal Amount in a
prescribed sequence.
MACR Classes
The payment characteristics of the MACR Classes reÖect the payment characteristics of their
related REMIC Classes.
Declining Balances Table
The following table shows:
‚ Percentages of original balances (as of the Closing Date) that would be outstanding
after each 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 have
assumed that each Mortgage (a) has an interest rate 2.5% higher than that of the PCs and (b) has a
remaining term to maturity of 360 months and a loan age of 0 months. We have calculated weighted
average lives for the Notional Class assuming that a reduction in its notional principal amount is a
reduction in principal balance.
S-12
Percentages of Original Balances Outstanding* and Weighted Average Lives
AB, AC, AD, AE, AG, AH,AI, AJ, AK, AL, AN, AO,
AQ, AT and AU AX B V
PSA Prepayment Assumption PSA Prepayment Assumption PSA Prepayment Assumption PSA Prepayment Assumption
Date 0% 100% 224% 350% 500% 0% 100% 224% 350% 500% 0% 100% 224% 350% 500% 0% 100% 224% 350% 500%
Closing Date ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100April 15, 2007 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 99 96 92 88 84 99 96 92 88 84 100 100 100 100 100 95 95 95 95 95April 15, 2008 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 98 88 78 68 57 98 88 78 68 57 100 100 100 100 100 89 89 89 89 89April 15, 2009 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 97 80 63 47 31 97 80 63 47 31 100 100 100 100 100 83 83 83 83 83April 15, 2010 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 96 72 50 31 13 96 72 50 31 13 100 100 100 100 100 76 76 76 76 76April 15, 2011 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 94 65 38 18 1 94 65 38 18 1 100 100 100 100 100 69 69 69 69 69April 15, 2012 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 93 58 29 8 0 93 58 29 8 0 100 100 100 100 71 62 62 62 62 8April 15, 2013 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 91 51 20 0 0 91 51 20 0 0 100 100 100 100 49 54 54 54 54 0April 15, 2014 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 90 45 13 0 0 90 45 13 0 0 100 100 100 78 34 46 46 46 6 0April 15, 2015 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 88 39 7 0 0 88 39 7 0 0 100 100 100 61 23 38 38 38 0 0April 15, 2016 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 86 34 2 0 0 86 34 2 0 0 100 100 100 47 16 28 28 28 0 0April 15, 2017 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 83 29 0 0 0 83 29 0 0 0 100 100 90 36 11 18 18 0 0 0April 15, 2018 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 81 24 0 0 0 81 24 0 0 0 100 100 76 27 7 8 8 0 0 0April 15, 2019 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 78 19 0 0 0 100 100 63 21 5 0 0 0 0 0April 15, 2020 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 75 15 0 0 0 100 100 53 16 3 0 0 0 0 0April 15, 2021 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 72 11 0 0 0 100 100 44 12 2 0 0 0 0 0April 15, 2022 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 69 7 0 0 0 100 100 36 9 1 0 0 0 0 0April 15, 2023 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 65 3 0 0 0 100 100 30 7 1 0 0 0 0 0April 15, 2024 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 61 0 0 0 0 100 100 24 5 1 0 0 0 0 0April 15, 2025 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 57 0 0 0 0 100 88 20 4 0 0 0 0 0 0April 15, 2026 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 52 0 0 0 0 100 77 16 3 0 0 0 0 0 0April 15, 2027 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 47 0 0 0 0 100 67 13 2 0 0 0 0 0 0April 15, 2028 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 41 0 0 0 0 100 57 10 1 0 0 0 0 0 0April 15, 2029 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 35 0 0 0 0 100 48 8 1 0 0 0 0 0 0April 15, 2030 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 28 0 0 0 0 100 39 6 1 0 0 0 0 0 0April 15, 2031 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 21 0 0 0 0 100 30 4 0 0 0 0 0 0 0April 15, 2032 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 13 0 0 0 0 100 23 3 0 0 0 0 0 0 0April 15, 2033 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 4 0 0 0 0 100 15 2 0 0 0 0 0 0 0April 15, 2034 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 81 9 1 0 0 0 0 0 0 0April 15, 2035 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 42 3 0 0 0 0 0 0 0 0April 15, 2036 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Weighted AverageLife (Years)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 11.6 7.4 4.5 3.1 2.4 18.7 7.9 4.5 3.1 2.4 28.8 23.1 15.5 10.8 7.8 7.2 7.2 7.0 5.9 4.7
VA VB ZA The Assets
PSA Prepayment Assumption PSA Prepayment Assumption PSA Prepayment Assumption PSA Prepayment Assumption
Date 0% 100% 224% 350% 500% 0% 100% 224% 350% 500% 0% 100% 224% 350% 500% 0% 100% 224% 350% 500%
Closing Date ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100April 15, 2007 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 92 92 92 92 92 100 100 100 100 100 106 106 106 106 106 99 96 94 91 87April 15, 2008 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 84 84 84 84 84 100 100 100 100 100 113 113 113 113 113 98 91 83 75 66April 15, 2009 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 76 76 76 76 76 100 100 100 100 100 120 120 120 120 120 98 84 71 59 46April 15, 2010 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 67 67 67 67 67 100 100 100 100 100 127 127 127 127 127 97 78 60 46 32April 15, 2011 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 57 57 57 57 57 100 100 100 100 100 135 135 135 135 135 95 72 51 35 22April 15, 2012 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 47 47 47 47 0 100 100 100 100 29 143 143 143 143 143 94 67 44 27 15April 15, 2013 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 36 36 36 36 0 100 100 100 100 0 152 152 152 152 105 93 61 37 21 10April 15, 2014 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 25 25 25 0 0 100 100 100 20 0 161 161 161 161 72 92 57 31 16 7April 15, 2015 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 13 13 13 0 0 100 100 100 0 0 171 171 171 130 49 90 52 27 13 5April 15, 2016 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 99 99 99 0 0 182 182 182 100 34 89 48 22 10 3April 15, 2017 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 65 65 0 0 0 193 193 193 77 23 87 44 19 8 2April 15, 2018 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 28 28 0 0 0 205 205 162 59 16 85 40 16 6 2April 15, 2019 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 214 214 136 45 11 83 36 13 4 1April 15, 2020 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 214 214 113 34 7 81 33 11 3 1April 15, 2021 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 214 214 94 26 5 78 30 9 3 0April 15, 2022 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 214 214 78 20 3 75 27 8 2 0April 15, 2023 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 214 214 64 15 2 72 24 6 1 0April 15, 2024 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 214 214 52 11 1 69 21 5 1 0April 15, 2025 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 214 190 43 8 1 66 19 4 1 0April 15, 2026 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 214 166 34 6 1 62 16 3 1 0April 15, 2027 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 214 143 27 4 0 58 14 3 0 0April 15, 2028 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 214 122 21 3 0 53 12 2 0 0April 15, 2029 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 214 102 16 2 0 49 10 2 0 0April 15, 2030 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 214 83 12 2 0 43 8 1 0 0April 15, 2031 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 214 65 9 1 0 37 6 1 0 0April 15, 2032 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 214 49 6 1 0 31 5 1 0 0April 15, 2033 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 214 33 4 0 0 24 3 0 0 0April 15, 2034 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 173 18 2 0 0 17 2 0 0 0April 15, 2035 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 90 6 1 0 0 9 1 0 0 0April 15, 2036 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Weighted AverageLife (Years)ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 5.5 5.5 5.5 5.1 4.2 11.4 11.4 10.7 7.9 5.9 28.8 23.1 16.1 11.9 8.8 20.8 11.1 6.8 4.8 3.5
* Rounded to nearest whole percentage.
S-13
Yield Tables
The following tables show pre-tax yields to maturity (corporate bond equivalent) of speciÑed
Classes at various percentages of PSA. We have prepared these tables using the Modeling
Assumptions and the assumed prices in the table captions, plus accrued interest, if any. Actual sales
will not necessarily occur at the assumed prices.
Pre-Tax Yields
AI Class(Assumed Price: 18.25%)
100% PSA 224% PSA 350% PSA 360% PSA 500% PSA
24.7% 13.8% 1.0% 0.0% (14.5)%
AO Class(Assumed Price: 82.31007813%)
100% PSA 224% PSA 350% PSA 500% PSA
2.8% 4.6% 6.5% 8.5%
S-14
FINAL PAYMENT DATES
The Final Payment Date for each Class is the latest date by which it will be paid in full and will
retire. Except in the case of the Guaranteed Maturity Classes, we calculate Final Payment Dates
using highly conservative assumptions. The actual retirement of each Class may occur earlier than
its Final Payment Date.
CERTAIN FEDERAL INCOME TAX CONSEQUENCES
General
Any discussion of tax matters herein and in the OÅering Circular was not intended or written to
be used, and cannot be used, by any person for the purpose of avoiding tax penalties that may be
imposed on such person. Such discussion was written to support the promotion and marketing of the
CertiÑcates. Investors should consult their own independent tax advisors regarding the CertiÑcates
and each investor's particular circumstances.
Subject to the assumptions described under Certain Federal Income Tax Consequences Ì
REMIC Election in the OÅering Circular, the Single-Tier REMIC Pool and the Guaranteed
Maturity REMIC Pool will each qualify as a REMIC for federal income tax purposes.
Regular Classes
The Regular Classes are ""regular interests'' in the Single-Tier REMIC Pool and the
Guaranteed Maturity REMIC Pool, as applicable. See General Information Ì Structure of Trans-
action. They are treated as debt instruments for federal income tax purposes and may be issued with
original issue discount (""OID'') or at a premium. Based in part on information provided by the
Underwriters regarding the initial prices at which they would have expected to sell or will sell
substantial portions of the Regular Classes, we expect to report income to the Internal Revenue
Service and to Holders of the Regular Classes (other than the Underlying REMIC Class) assuming
they are issued as follows:
‚ OID: ZA.
‚ De Minimis OID: VB.
‚ Premium: AB and VA.
OID generally results in recognition of taxable income in advance of the receipt of cash
attributable to that income. The Pricing Speed used for OID and premium calculations is
224% PSA. For purposes of OID and premium calculations with respect to the Guaranteed
Maturity Class, however, we will also take into account the mandatory retirement of that Class on
its Final Payment Date. See Certain Federal Income Tax Consequences Ì Taxation of Regular
Classes Ì Original Issue Discount and Ì Premium in the OÅering Circular. Mortgage prepayment
rates will diÅer, perhaps signiÑcantly, from the Pricing Speed.
Residual Classes
Each Residual Class is the ""residual interest'' in its related REMIC Pool. See General
Information Ì Structure of Transaction. Special tax considerations apply to the Residual Classes.
The taxation of the Residual Classes can produce a signiÑcantly less favorable after-tax return than
if (a) the Residual Classes were taxable as debt instruments or (b) no portion of the taxable income
on the Residual Classes were treated as ""excess inclusions.'' In certain periods, taxable income and
S-15
the resulting tax liability on a Residual Class may exceed any payments on that Class. See Certain
Federal Income Tax Consequences Ì Taxation of Residual Classes in the OÅering Circular.
A substantial tax may be imposed on certain transferors of a Residual Class and certain
beneÑcial owners of a Residual Class that are ""pass-through entities.'' See Certain Federal Income
Tax Consequences Ì Transfers of Interests in a Residual Class Ì DisqualiÑed Organizations in the
OÅering Circular. You should not purchase a Residual Class before consulting your tax advisor.
We will report with respect to the Guaranteed Maturity REMIC Pool assuming that such
REMIC Pool (a) owns an undivided interest in the Underlying REMIC Class and (b) has written a
call option to the Holder of the Call Class. We will report assuming that the basis of such REMIC
Pool in the Underlying REMIC Class includes any value associated with Freddie Mac's obligation
to make a contribution to that REMIC Pool on the Final Payment Date for the Guaranteed
Maturity Class pursuant to Freddie Mac's guarantee. We do not expect the Holders of RA to have
any material adverse tax consequences as a result of this treatment, but investors should consult
their tax advisors regarding this matter.
Certain Transfers of Residual Classes
The REMIC Regulations disregard:
1. A transfer of a ""noneconomic residual'' unless no signiÑcant purpose of the transfer is to
impede 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 a
residual interest from a foreign investor to a U.S. investor. Accordingly, the Agreement
prohibits the transfer of an interest in a Residual Class to or from a foreign investor without
our written consent.
See Certain Federal Income Tax Consequences Ì Transfers of Interests in a Residual Class Ì
Additional Transfer Restrictions in the OÅering Circular. In the case of a transfer that is
disregarded, the transferor would continue to be treated as the owner of the residual interest and
thus would continue to be subject to tax on its allocable portion of the net income of the REMIC.
Residual Classes with Negative Fair Market Values
Recently, the Treasury issued Ñnal regulations addressing the treatment of a payment made to a
transferee on the transfer of a ""noneconomic residual'' interest. Under these regulations, the
transferee does not immediately recognize the payment as income. Rather, the payment is
recognized as income over a period that is reasonably related to the period during which the
REMIC is expected to generate taxable income or net loss allocable to the holder of the
noneconomic Residual Class. The regulations also provide the following two safe harbor methods for
tax accounting for the payment:
‚ A transferee may recognize the payment for federal income tax purposes in the same
amounts and over the same period in which the payment is included in the transferee's
income for Ñnancial reporting purposes, provided that such period is not shorter than the
period over which the REMIC is expected to generate taxable income.
S-16
‚ A transferee may recognize the payment for federal income tax purposes ratably over
the ""anticipated weighted average life of the REMIC,'' as deÑned in the REMIC
Regulations, as determined at the time the transferee acquires the residual interest.
The regulations state that the unamortized amount of the payment would be currently included
by a transferee on disposition of the Residual Class. Additionally, the regulations provide that a
transferee's treatment of the payment is a method of accounting that must be consistently applied to
all such payments received by the transferee in connection with noneconomic Residual Classes.
Finally, the regulations state that such payment shall be treated as income from U.S. sources. The
regulations are eÅective for taxable years ending on or after May 11, 2004.
Certain federal income tax consequences of a payment made to a transferee on the transfer of a
Residual Class remain unclear. For example, the regulations do not address whether a residual
interest could have a negative basis and a negative issue price.
If you receive a payment in connection with the acquisition of a Residual Class, you should
consult your tax advisor as to the proper treatment of such payment.
Reporting and Administrative Matters
We will provide Holders of the Residual Classes information to enable them to prepare reports
required under the Code or applicable Treasury regulations. Because we do not intend to hold the
Residual Classes, applicable law may not allow us to perform tax administrative functions for the
REMIC Pools. Therefore, if you own a Residual Class, you may have certain tax administrative
obligations, for which we will act as your attorney-in-fact and agent. See Certain Federal Income
Tax Consequences Ì Reporting and Administrative Matters in the OÅering Circular.
Taxation of the Call Class
The purchase price that you pay for the Call Class will be treated as an option premium. The
option premium will be treated as a loss if the option lapses, and that loss will be a capital loss. If you
purchase the Underlying REMIC Class pursuant to the exercise of the Call Right, the option
premium (in addition to any fee for the exchange) will be added to your basis in the Underlying
REMIC Class.
The Call Class will not be a qualifying asset for a REMIC. Special considerations may also
apply to thrifts, real estate investment trusts and regulated investment companies investing in the
Call Class. These entities should consult their tax advisors before investing in the Call Class.
MACR Classes
The arrangement under which the MACR Classes are created (the ""MACR Pool'') will be
classiÑed as a grantor trust under subpart E, part I of subchapter J of the Internal Revenue Code.
The interests in the Regular Classes that have been exchanged for the MACR Classes will be the
assets of the MACR Pool and the MACR Classes will represent beneÑcial ownership of these
assets.
For a discussion of certain federal income tax consequences applicable to the MACR Classes,
see Certain Federal Income Tax Consequences Ì Taxation of MACR Classes, Ì Exchanges of
MACR Classes and Regular Classes and Ì Taxation of Certain Foreign Investors in the OÅering
Circular.
S-17
LEGAL INVESTMENT CONSIDERATIONS
You should consult your legal advisor to determine whether the CertiÑcates are a legal
investment for you and whether you can use the CertiÑcates as collateral for borrowings. See Legal
Investment Considerations in the OÅering Circular.
ERISA CONSIDERATIONS
Fiduciaries of ERISA plans should review ERISA Considerations in the OÅering Circular.
PLAN OF DISTRIBUTION
Under an agreement with the Underwriters, we have agreed to sell all of the REMIC
CertiÑcates to the Underwriters in exchange for the Assets.
We have agreed to buy all of AB, VA, VB and ZA from the Underwriters. We expect that we
will oÅer AB (or one or more related MACR Classes) to the public through one or more
underwriters in the future. We will describe any such oÅering in a Supplement to this OÅering
Circular Supplement.
The Underwriters intend to:
‚ Redeliver the Underlying REMIC Class to us for inclusion in the Callable Pool.
‚ OÅer the Residual Classes in negotiated transactions at varying prices to be determined
at the time of sale.
‚ OÅer the Call Class in a negotiated transaction with a single purchaser at a price to be
determined at the time of sale.
The Underwriters are oÅering the Residual and Call Classes subject to their issuance by us and
subject to the Underwriters' right to reject any order. The Underwriters may make sales to or
through securities dealers. These dealers may receive compensation in the form of discounts,
concessions or commissions from the Underwriters and commissions from any purchasers for which
they act as agents.
Our agreement with the Underwriters provides that we will indemnify them against certain
liabilities.
LEGAL MATTERS
Our General Counsel (or one of our Deputy General Counsels) will render an opinion on the
legality of the CertiÑcates. Cleary Gottlieb Steen & Hamilton LLP is representing the Underwriters
on legal matters concerning the CertiÑcates.
S-18
A-1
Appen
dix
A
Ava
ilab
le C
om
bin
atio
ns
REM
IC C
ertiÑca
tes
MAC
R C
ertiÑca
tes
Exch
ange
MAC
RM
axim
um
Exch
ange
Cla
ssIn
tere
stC
USIP
REM
IC C
lass
Origi
nal
Bal
ance
Pro
port
ions(
1)
Cla
ssO
rigi
nal
Bal
ance
Pro
port
ions(
1)
Princi
pal
Typ
e(2)
Coupon
Typ
e(2)
Num
ber
Fin
al P
aym
ent D
ate
Com
bin
atio
n 1
VA
$236,0
00,0
00
71.4
285714286%
V$
330,4
00,0
00
100%
AD
/SEQ
6.0
%FIX
31396JSX
4Ja
nuar
y 15, 2019
VB
94,4
00,0
00
28.5
714285714
Com
bin
atio
n 2
VA
$236,0
00,0
00
38.0
952380952%
B$
619,5
00,0
00
100%
SEQ
6.0
%FIX
31396JSU
0A
pril 15, 2036
VB
94,4
00,0
00
15.2
380952381
ZA
289,1
00,0
00
46.6
666666667
Com
bin
atio
n 3
AB
$2,3
30,5
00,0
00
100%
AC
$2,3
30,5
00,0
00
N/A
GM
C/SEQ
5.0
%FIX
31396JSC
0D
ecem
ber
15, 2018
AD
2,3
30,5
00,0
00
N/A
GM
C/SEQ
5.1
25
FIX
31396JSD
8D
ecem
ber
15, 2018
AE
2,3
30,5
00,0
00
N/A
GM
C/SEQ
5.2
5FIX
31396JS
E6
Dec
ember
15, 2018
AG
2,3
30,5
00,0
00
N/A
GM
C/SEQ
5.3
75
FIX
31396JS
F3
Dec
ember
15, 2018
AH
2,3
30,5
00,0
00
N/A
GM
C/SEQ
5.5
FIX
31396JSG
1D
ecem
ber
15, 2018
AI
2,3
30,5
00,0
00
N/A
NTL(G
MC
/SEQ
)6.0
FIX
/IO
31396JSH
9D
ecem
ber
15, 2018
AJ
2,3
30,5
00,0
00
N/A
GM
C/SEQ
5.6
25
FIX
31396JS
J5
Dec
ember
15, 2018
AK
2,3
30,5
00,0
00
N/A
GM
C/SEQ
5.7
5FIX
31396JSK
2D
ecem
ber
15, 2018
AL
2,3
30,5
00,0
00
N/A
GM
C/SEQ
5.8
75
FIX
31396JS
L0
Dec
ember
15, 2018
AN
2,2
82,9
38,7
75
N/A
GM
C/SEQ
6.1
25
FIX
31396JS
M8
Dec
ember
15, 2018
AO
2,3
30,5
00,0
00
N/A
GM
C/SEQ
0.0
PO
31396JSN
6D
ecem
ber
15, 2018
AQ
2,2
37,2
80,0
00
N/A
GM
C/SEQ
6.2
5FIX
31396JS
P1
Dec
ember
15, 2018
AT
2,1
93,4
11,7
64
N/A
GM
C/SEQ
6.3
75
FIX
31396JSQ
9D
ecem
ber
15, 2018
AU
2,1
51,2
30,7
69
N/A
GM
C/SEQ
6.5
FIX
31396JSR
7D
ecem
ber
15, 2018
(1)
Exc
han
ge p
ropor
tion
s ar
e co
nstan
t pro
por
tion
s of
the
orig
inal bal
ance
s of
the
REM
IC C
lass
es o
r M
AC
R C
lass
es, as
applica
ble
. In
acc
ordan
ce w
ith t
he
exch
ange
pro
por
tion
s, y
ou m
ayex
chan
ge R
EM
IC C
ertiÑca
tes
for M
AC
R C
ertiÑca
tes, a
nd v
ice
vers
a. T
he
exch
ange
pro
por
tion
s ar
e not
applica
ble
to
the
MA
CR
Cla
sses
des
ignat
ed b
y ""N
/A
.'' See
Appen
dix
III
to
the
OÅer
ing
Circu
lar
for
a des
crip
tion
of ""ra
tio-
strippin
g'' M
AC
R C
lass
es o
f th
is typ
e.(2)
See
Appen
dix
II
to the
OÅer
ing
Circu
lar.
I-1
Sch
edule
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PC
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31296K
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9$
1,7
16,4
59
$1,7
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59
$194,0
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ly 1
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July
1, 2033
313
34
A12954
31296M
H77
9,9
99,4
44
31,4
76
15,5
23
6.2
50
6.0
Sep
tem
ber
1, 2003
Sep
tem
ber
1, 2033
327
31
A14174
31296N
T72
36,5
45,5
82
15,7
30,0
00
8,1
37,3
56
6.6
20
6.0
Oct
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1, 2003
Oct
ober
1, 2033
325
30
A15149
31296PW
J75,5
42,4
31
1,5
42,4
31
892,4
49
6.5
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6.0
Oct
ober
1, 2003
Oct
ober
1, 2033
327
30
A15163
31296PW
Y4
6,3
54,4
46
1,3
54,4
46
681,4
41
6.5
23
6.0
Oct
ober
1, 2003
Nov
ember
1, 2033
317
30
A15690
31296Q
KB5
66,7
61,2
28
1,2
91,7
66
658,7
72
6.2
50
6.0
Nov
ember
1, 2003
Nov
ember
1, 2033
325
30
A15782
31296Q
M72
2,9
20,5
46
1,5
48,5
89
1,0
94,8
56
6.3
75
6.0
Nov
ember
1, 2003
Nov
ember
1, 2033
326
29
A17037
31296R
ZA
911,6
69,9
26
359,2
84
144,1
93
6.2
50
6.0
Dec
ember
1, 2003
Dec
ember
1, 2033
317
28
A18068
31296S6D
32,4
30,7
76
43,4
64
27,9
76
6.2
50
6.0
Januar
y 1, 2004
Januar
y 1, 2034
319
28
A18570
31296TQ
X5
2,0
27,5
51
1,0
95,4
10
480,5
58
6.6
25
6.0
Feb
ruar
y 1, 2004
Feb
ruar
y 1, 2034
332
28
A18815
31296TY
L2
4,5
99,6
21
416,7
27
266,1
05
6.3
75
6.0
Feb
ruar
y 1, 2004
Januar
y 1, 2034
319
27
A21594
31296X
XX
82,5
82,1
66
880,8
59
399,6
88
6.5
71
6.0
April 1, 2004
Feb
ruar
y 1, 2034
332
27
A22817
31297A
DW
11,6
82,4
62
1,6
82,4
62
1,2
54,3
33
6.4
14
6.0
Nov
ember
1, 2004
Nov
ember
1, 2034
332
17
A22854
31297A
E34
2,4
57,8
68
46,4
81
38,6
86
6.3
09
6.0
Nov
ember
1, 2004
Nov
ember
1, 2034
342
17
A23656
31297BBZ
418,7
79,1
49
310,0
00
180,8
07
6.3
17
6.0
June
1, 2004
June
1, 2034
334
22
A23669
31297BC
E0
3,8
49,5
73
2,6
70,1
44
1,5
20,7
31
6.6
64
6.0
June
1, 2004
June
1, 2034
328
23
A23723
31297BD
41
2,0
70,1
17
2,0
70,1
17
986,5
35
6.6
87
6.0
June
1, 2004
May
1, 2034
336
23
A25291
31297C
2Y
512,9
56,1
87
3,2
75,0
00
2,3
69,4
25
6.3
39
6.0
Augu
st 1
, 2004
Augu
st 1
, 2034
335
20
A25752
31297D
L97
72,9
31,7
51
1,5
57,9
19
1,1
60,0
02
6.3
75
6.0
Augu
st 1
, 2004
Augu
st 1
, 2034
336
21
A26375
31297EC
L8
5,4
96,3
98
1,3
37,6
54
950,4
76
6.3
35
6.0
Sep
tem
ber
1, 2004
Sep
tem
ber
1, 2034
337
20
A27194
31297E7F7
2,2
96,3
61
1,4
05,5
62
888,0
64
6.8
85
6.0
Sep
tem
ber
1, 2004
Oct
ober
1, 2034
340
19
A27382
31297FFX
61,3
89,2
21
1,3
89,2
21
1,0
80,6
73
6.4
39
6.0
Oct
ober
1, 2004
Augu
st 1
, 2034
335
20
A27461
31297FJE
49,3
19,8
18
7,8
39,4
08
5,4
94,4
44
6.5
00
6.0
Oct
ober
1, 2004
Oct
ober
1, 2034
338
19
A27462
31297FJF
11,6
90,4
13
1,4
86,3
37
786,5
10
6.6
25
6.0
Oct
ober
1, 2004
Oct
ober
1, 2034
338
19
A27769
31297FT29
5,8
18,3
99
5,5
68,9
05
4,6
93,3
28
6.4
11
6.0
Oct
ober
1, 2004
Oct
ober
1, 2034
338
19
A27961
31297FZ
22
6,9
53,6
57
4,2
33,4
70
2,8
96,5
67
6.4
14
6.0
Oct
ober
1, 2004
Oct
ober
1, 2034
336
20
A28199
31297G
DC
21,6
18,4
28
38,4
92
24,2
84
6.3
95
6.0
Oct
ober
1, 2004
Nov
ember
1, 2034
340
18
A28299
31297G
GG
07,1
11,6
34
7,1
11,6
34
5,2
40,8
92
6.3
75
6.0
Nov
ember
1, 2004
Nov
ember
1, 2034
337
18
A28646
31297G
TB7
1,7
27,5
99
1,7
27,5
99
1,6
13,3
82
6.9
15
6.0
Nov
ember
1, 2004
Nov
ember
1, 2034
338
18
A28875
31297G
2G
52,6
90,2
29
2,6
90,2
29
1,9
80,4
64
6.3
51
6.0
Nov
ember
1, 2004
Nov
ember
1, 2034
341
17
A28989
31297G
7A
32,4
29,4
67
2,4
29,4
67
2,0
96,5
90
6.3
75
6.0
Dec
ember
1, 2004
Dec
ember
1, 2034
340
17
A29651
31297H
WL9
1,4
97,0
89
1,4
97,0
89
1,2
74,6
60
6.3
93
6.0
Januar
y 1, 2005
Januar
y 1, 2035
340
15
A29768
31297H
Z93
2,5
34,9
21
2,5
34,9
21
1,7
38,4
60
6.4
41
6.0
Januar
y 1, 2005
Feb
ruar
y 1, 2035
343
15
A29872
31297H
6H
718,5
38,0
23
2,5
38,0
23
2,0
14,5
20
6.3
45
6.0
Feb
ruar
y 1, 2005
Feb
ruar
y 1, 2035
332
15
A30079
31297K
CQ
31,5
61,5
46
1,5
61,5
46
1,2
61,5
59
6.3
84
6.0
Dec
ember
1, 2004
Dec
ember
1, 2034
341
17
A30270
31297K
JP8
4,5
69,2
25
4,5
69,2
25
3,2
59,9
32
6.5
00
6.0
Dec
ember
1, 2004
Dec
ember
1, 2034
333
17
A30388
31297K
ND
04,1
12,6
06
4,1
12,6
06
3,7
79,9
50
6.3
75
6.0
Dec
ember
1, 2004
Dec
ember
1, 2034
341
17
A30390
31297K
NF5
3,6
58,0
31
3,6
58,0
31
3,0
25,7
07
6.6
25
6.0
Dec
ember
1, 2004
Dec
ember
1, 2034
341
17
A30993
31297LC
65
3,7
82,1
59
3,7
82,1
59
3,3
32,4
40
6.3
42
6.0
Januar
y 1, 2005
Januar
y 1, 2035
342
15
A31179
31297LJY
71,4
04,6
62
1,2
87,7
94
1,1
44,7
69
6.4
33
6.0
Feb
ruar
y 1, 2005
Feb
ruar
y 1, 2035
341
14
A31522
31297LV
P2
1,1
28,3
20
1,1
28,3
20
542,6
01
6.3
47
6.0
Feb
ruar
y 1, 2005
Feb
ruar
y 1, 2035
345
14
A31802
31297M
AB4
2,6
49,0
72
2,6
49,0
72
1,7
89,0
08
6.3
46
6.0
Mar
ch 1
, 2005
Feb
ruar
y 1, 2035
344
15
A31809
31297M
AJ7
4,9
70,2
30
4,9
70,2
30
4,2
70,5
42
6.2
85
6.0
Mar
ch 1
, 2005
April 1, 2035
345
13
A32142
31297M
LX
46,4
58,1
61
6,4
58,1
61
5,3
44,6
71
6.3
59
6.0
April 1, 2005
April 1, 2035
330
13
A32288
31297M
RH
31,2
97,6
38
1,2
97,6
38
1,0
58,0
27
6.2
96
6.0
April 1, 2005
April 1, 2035
324
12
A32508
31297M
YD
41,1
66,6
00
1,1
66,6
00
957,8
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6.4
22
6.0
April 1, 2005
April 1, 2035
348
12
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31297M
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5$
1,0
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35,1
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91
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pril 1, 2005
April 1, 2035
346
12
A32982
31297N
J31
8,0
79,9
05
1,1
73,3
46
518,4
25
6.4
12
6.0
Augu
st 1
, 2005
Augu
st 1
, 2035
345
9A
33071
31297N
MU
71,0
00,0
51
975,0
51
711,7
64
6.3
40
6.0
Januar
y 1, 2005
Feb
ruar
y 1, 2035
341
15
A33466
31297N
Z74
2,9
21,7
81
348,7
50
156,3
83
6.4
23
6.0
Feb
ruar
y 1, 2005
Januar
y 1, 2035
329
17
A33548
31297N
5H
51,8
12,1
95
1,2
92,6
31
1,0
01,7
55
7.0
00
6.0
Feb
ruar
y 1, 2005
Nov
ember
1, 2034
339
20
A33556
31297N
5R
31,5
67,7
19
567,7
19
507,6
20
6.3
64
6.0
Mar
ch 1
, 2005
Mar
ch 1
, 2035
345
14
A33723
31297PD
40
1,0
49,7
88
1,0
49,7
88
739,7
87
6.5
86
6.0
Mar
ch 1
, 2005
Mar
ch 1
, 2035
340
14
A33802
31297PG
K1
1,5
90,2
54
460,4
77
195,4
97
6.4
00
6.0
Mar
ch 1
, 2005
Mar
ch 1
, 2035
347
13
A33942
31297PLX
753,3
65,4
12
2,6
45,4
99
1,6
09,3
44
6.6
68
6.0
Mar
ch 1
, 2005
Feb
ruar
y 1, 2035
343
15
A34083
31297PR
C7
62,6
15,4
87
2,3
97,9
07
1,8
41,7
34
6.6
86
6.0
Mar
ch 1
, 2005
Feb
ruar
y 1, 2035
340
15
A34102
31297PR
X1
4,8
67,7
53
1,6
73,4
69
657,7
76
6.3
50
6.0
April 1, 2005
April 1, 2035
345
13
A34112
31297PR
94
3,9
76,1
54
3,9
76,1
54
3,2
56,7
16
6.3
08
6.0
April 1, 2005
April 1, 2035
338
15
A34126
31297PSP7
3,7
58,9
36
3,7
58,9
36
3,3
59,0
96
6.3
75
6.0
April 1, 2005
April 1, 2035
345
13
A34158
31297PTP6
1,1
19,0
40
1,1
19,0
40
828,6
41
6.3
96
6.0
April 1, 2005
April 1, 2035
344
13
A34393
31297P3A
720,6
19,1
15
20,6
19,1
15
16,9
40,9
06
6.4
78
6.0
April 1, 2005
April 1, 2035
346
13
A34495
31297P7G
020,2
41,6
22
20,2
41,6
22
16,3
33,4
34
6.5
81
6.0
April 1, 2005
May
1, 2035
345
12
A34665
31297Q
FE4
27,8
73,5
81
27,8
73,5
81
21,7
33,8
83
6.5
63
6.0
April 1, 2005
April 1, 2035
344
14
A34760
31297Q
JD2
1,2
82,3
02
1,2
82,3
02
988,1
08
6.8
42
6.0
May
1, 2005
May
1, 2035
348
11
A34778
31297Q
JX8
4,0
15,9
31
4,0
15,9
31
2,7
91,1
74
6.4
34
6.0
May
1, 2005
May
1, 2035
348
12
A34786
31297Q
J75
5,2
19,7
43
4,6
81,9
79
4,3
83,5
37
6.2
50
6.0
May
1, 2005
May
1, 2035
346
11
A35024
31297Q
SM
23,2
18,5
68
2,7
58,2
39
2,6
08,9
00
6.3
38
6.0
May
1, 2005
May
1, 2035
346
11
A35097
31297Q
UW
72,5
98,8
62
68,2
37
62,3
85
6.2
57
6.0
June
1, 2005
May
1, 2035
349
11
A35125
31297Q
VS5
1,0
01,6
33
117,4
53
100,1
24
6.2
50
6.0
June
1, 2005
June
1, 2035
348
11
A35203
31297Q
X87
2,7
37,5
12
2,7
37,5
12
2,3
17,0
31
6.6
08
6.0
June
1, 2005
June
1, 2035
347
11
A35223
31297Q
YU
72,4
71,2
29
2,4
71,2
29
2,3
28,8
38
6.3
67
6.0
June
1, 2005
June
1, 2035
345
11
A35296
31297Q
3D
94,9
94,9
89
4,9
94,9
89
4,1
86,6
66
6.3
23
6.0
June
1, 2005
June
1, 2035
347
11
A35297
31297Q
3E7
4,1
04,8
38
3,5
80,3
73
3,2
25,5
98
6.6
18
6.0
June
1, 2005
June
1, 2035
349
11
A35352
31297Q
5M
73,7
38,7
91
3,7
38,7
91
3,2
74,5
27
6.3
75
6.0
June
1, 2005
June
1, 2035
345
11
A35414
31297R
AP2
2,8
23,2
60
2,8
23,2
60
2,2
76,1
55
6.5
42
6.0
June
1, 2005
June
1, 2035
348
11
A35548
31297R
EV
52,5
00,7
43
2,5
00,7
43
2,2
69,3
87
6.5
62
6.0
June
1, 2005
June
1, 2035
346
11
A35549
31297R
EW
33,5
46,4
47
3,5
46,4
47
3,0
77,3
40
6.5
96
6.0
June
1, 2005
July
1, 2035
343
10
A35560
31297R
E94
1,5
58,7
91
1,5
58,7
91
1,5
40,9
91
6.3
75
6.0
June
1, 2005
June
1, 2035
348
10
A35761
31297R
MJ3
18,7
52,8
67
3,0
02,8
16
1,9
42,2
55
6.4
46
6.0
June
1, 2005
June
1, 2035
349
10
A36085
31297R
XN
29,4
80,9
85
106,4
35
93,0
67
6.3
45
6.0
July
1, 2005
July
1, 2035
350
9A
36304
31297SA
D7
10,7
39,7
03
631,8
48
543,0
56
6.2
75
6.0
July
1, 2005
July
1, 2035
346
9A
36480
31297SFV
21,5
00,7
06
1,5
00,7
06
1,3
44,1
77
6.4
54
6.0
July
1, 2005
Augu
st 1
, 2035
338
9A
36692
31297SN
H4
10,3
37,1
87
866,0
12
700,7
10
6.4
71
6.0
Augu
st 1
, 2005
Augu
st 1
, 2035
350
9A
36780
31297SQ
99
2,8
19,4
79
814,5
17
717,2
93
6.4
18
6.0
Augu
st 1
, 2005
Augu
st 1
, 2035
345
9A
37069
31297S2A
29,8
07,9
29
9,8
07,9
29
9,3
41,9
25
6.2
97
6.0
Augu
st 1
, 2005
Sep
tem
ber
1, 2035
351
8A
37258
31297TB36
4,4
87,0
60
4,4
87,0
60
4,1
79,2
24
6.5
50
6.0
Augu
st 1
, 2005
Sep
tem
ber
1, 2035
351
8A
37302
31297TD
F7
4,6
91,3
78
1,4
38,0
63
1,3
97,3
53
6.3
63
6.0
Sep
tem
ber
1, 2005
Sep
tem
ber
1, 2035
348
8A
37303
31297TD
G5
8,1
00,6
59
8,1
00,6
59
7,0
04,7
31
6.3
67
6.0
Sep
tem
ber
1, 2005
Sep
tem
ber
1, 2035
342
8A
37379
31297TFU
23,6
43,0
10
3,6
43,0
10
3,3
77,2
12
6.4
08
6.0
Augu
st 1
, 2005
Augu
st 1
, 2035
350
8A
37679
31297TQ
89
2,2
71,6
81
419,7
19
388,0
18
6.3
02
6.0
Sep
tem
ber
1, 2005
Sep
tem
ber
1, 2035
338
7A
37832
31297TV
Z3
1,1
96,9
56
1,1
96,9
56
1,0
08,1
73
6.3
75
6.0
Sep
tem
ber
1, 2005
Sep
tem
ber
1, 2035
351
7A
37860
31297TW
V1
2,4
29,9
40
2,4
29,9
40
2,1
55,5
09
6.8
60
6.0
Sep
tem
ber
1, 2005
Sep
tem
ber
1, 2035
352
7A
37904
31297TX
99
5,3
06,5
96
5,3
06,5
96
5,1
36,6
33
6.3
54
6.0
Sep
tem
ber
1, 2005
Sep
tem
ber
1, 2035
353
7A
38103
31297U
AC
41,6
23,2
17
1,6
23,2
17
1,4
83,8
05
6.7
90
6.0
Sep
tem
ber
1, 2005
Sep
tem
ber
1, 2035
352
8A
38110
31297U
AK
65,0
52,7
68
5,0
52,7
68
4,8
73,8
96
6.7
30
6.0
Sep
tem
ber
1, 2005
Sep
tem
ber
1, 2035
352
7A
38168
31297U
CD
014,2
36,6
88
14,2
36,6
88
14,1
40,9
00
6.3
56
6.0
Oct
ober
1, 2005
Oct
ober
1, 2035
349
7A
38219
31297U
DY
33,9
76,1
20
3,9
76,1
20
3,8
71,6
55
6.4
88
6.0
Oct
ober
1, 2005
Oct
ober
1, 2035
351
7A
38227
31297U
D80
3,5
01,9
70
3,5
01,9
70
3,3
32,7
97
6.4
42
6.0
Sep
tem
ber
1, 2005
Sep
tem
ber
1, 2035
353
7A
38380
31297U
JZ4
1,1
91,2
65
1,1
91,2
65
1,1
83,9
90
6.2
50
6.0
Oct
ober
1, 2005
Oct
ober
1, 2035
353
6A
38386
31297U
J76
5,9
72,2
96
5,9
72,2
96
5,9
35,8
07
6.4
72
6.0
Oct
ober
1, 2005
Oct
ober
1, 2035
352
6
I-3
PC
Pool
Origi
nal
PC
UPB
Fin
alN
um
ber
PC
CU
SIP
(W
hole
Pool)
Origi
nal
PC
UPB
Curr
ent PC
UPB
WAC
PC
Coupon
Issu
e D
ate
Pay
men
t D
ate
WAR
MW
ALA
A38399
31297U
KL3
$3,1
99,9
82
$3,1
99,9
82
$3,1
80,5
73
6.5
19%
6.0
%O
ctob
er 1
, 2005
Oct
ober
1, 2035
349
6A
38552
31297U
QD
51,0
52,1
14
1,0
52,1
14
907,6
94
6.4
07
6.0
Oct
ober
1, 2005
Sep
tem
ber
1, 2035
352
8A
38584
31297U
RD
46,7
48,6
65
6,7
48,6
65
6,7
04,2
56
6.3
28
6.0
Oct
ober
1, 2005
Oct
ober
1, 2035
353
6A
39026
31297V
A32
22,6
12,2
07
2,6
20,0
27
2,2
85,8
61
6.3
62
6.0
May
1, 2005
May
1, 2035
338
11
A39056
31297V
BZ
04,8
35,8
66
4,8
35,8
66
4,5
40,0
10
6.4
95
6.0
May
1, 2005
May
1, 2035
348
11
A39131
31297V
EC
810,3
87,6
74
10,3
87,6
74
10,1
41,3
13
6.3
00
6.0
Oct
ober
1, 2005
Oct
ober
1, 2035
352
8A
39135
31297V
EG
94,1
55,8
56
4,1
55,8
56
4,0
17,0
68
6.3
90
6.0
Oct
ober
1, 2005
Oct
ober
1, 2035
352
8A
39164
31297V
FD
56,4
98,5
34
6,4
98,5
34
6,4
58,5
78
6.3
72
6.0
Oct
ober
1, 2005
Oct
ober
1, 2035
353
6A
39237
31297V
HN
11,0
66,0
20
1,0
66,0
20
1,0
59,2
19
6.2
50
6.0
Oct
ober
1, 2005
Nov
ember
1, 2035
353
6A
39262
31297V
JF6
1,6
44,2
70
1,6
44,2
70
1,6
34,9
22
6.4
65
6.0
Oct
ober
1, 2005
Nov
ember
1, 2035
350
6A
39370
31297V
MT2
1,8
72,8
20
1,8
72,8
20
1,8
62,7
86
6.3
75
6.0
Oct
ober
1, 2005
Nov
ember
1, 2035
354
6A
39375
31297V
MY
12,0
34,8
47
2,0
34,8
47
2,0
16,7
21
6.2
50
6.0
Oct
ober
1, 2005
Oct
ober
1, 2035
351
6A
39380
31297V
M54
4,5
36,8
31
4,5
36,8
31
4,3
70,3
17
6.4
47
6.0
Oct
ober
1, 2005
Oct
ober
1, 2035
351
6A
39461
31297V
QN
118,9
64,7
67
18,9
64,7
67
17,9
34,7
47
6.3
46
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
354
5A
39495
31297V
RQ
312,7
54,2
13
12,7
54,2
13
12,4
19,0
10
6.3
62
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
355
5A
39511
31297V
R83
1,1
47,1
23
1,1
47,1
23
1,1
41,8
72
6.8
10
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
354
5A
39516
31297V
SD
111,6
06,3
69
11,6
06,3
69
11,4
00,5
57
6.2
50
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
354
6A
39517
31297V
SE9
4,4
28,6
19
4,4
28,6
19
4,2
75,0
62
6.3
75
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
354
6A
39559
31297V
TQ
113,9
93,4
40
13,9
93,4
40
12,9
81,0
92
6.3
45
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
353
6A
39593
31297V
US5
45,6
70,4
33
45,0
65,4
68
43,4
48,1
63
6.2
50
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
352
6A
39627
31297V
VU
95,0
61,2
58
5,0
61,2
58
4,8
23,5
32
6.3
82
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
352
5A
39681
31297V
XJ2
1,8
38,7
02
1,8
38,7
02
1,7
07,5
53
6.3
80
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
354
6A
39690
31297V
XT0
1,2
97,4
41
1,2
97,4
41
1,2
91,2
33
6.3
77
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
354
6A
39710
31297V
YF9
2,1
56,3
54
2,1
56,3
54
2,1
45,4
89
6.2
50
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
355
5A
39746
31297V
ZK
73,7
67,7
19
3,7
67,7
19
3,5
80,2
50
6.5
50
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
354
5A
39761
31297V
Z27
20,5
87,2
89
20,5
87,2
89
19,8
18,9
03
6.3
77
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
353
5A
39820
31297V
4D
77,2
54,6
83
7,1
54,6
83
7,1
19,3
77
6.4
04
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
354
5A
39863
31297V
5Y
020,3
37,5
00
20,3
37,5
00
19,9
17,4
44
6.7
16
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
349
6A
39952
31297W
BV
74,1
50,7
77
4,1
50,7
77
3,9
71,7
48
6.4
45
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
354
6A
39963
31297W
B88
8,1
80,8
85
5,2
04,2
14
5,1
74,5
06
6.3
12
6.0
Nov
ember
1, 2005
Dec
ember
1, 2035
354
5A
39995
31297W
C87
1,2
12,6
39
1,2
12,6
39
965,3
51
6.7
50
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
354
5A
40078
3128K
0C
P6
3,1
85,5
58
3,1
85,5
58
3,1
67,3
92
6.2
50
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
354
5A
40082
3128K
0C
T8
1,2
88,7
20
1,2
88,7
20
1,2
82,4
47
6.3
75
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
355
5A
40094
3128K
0C
76
1,2
30,7
29
1,2
30,7
29
1,2
24,0
71
6.3
75
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
354
5A
40123
3128K
0D
42
1,7
79,8
68
1,6
41,7
10
1,6
33,4
44
6.2
77
6.0
Nov
ember
1, 2005
Dec
ember
1, 2035
354
5A
40127
3128K
0D
83
3,5
22,8
08
3,5
22,8
08
3,2
63,1
53
6.7
07
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
353
6A
40138
3128K
0EK
58,2
54,7
37
8,2
54,7
37
7,9
38,9
67
6.4
38
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
353
6A
42003
3128K
2G
L7
30,2
93,2
63
2,2
85,9
15
2,2
64,0
74
6.5
23
6.0
Januar
y 1, 2006
Januar
y 1, 2036
356
3A
42122
3128K
2LB3
5,0
93,0
73
895,5
41
892,9
23
6.3
41
6.0
Januar
y 1, 2006
Januar
y 1, 2036
357
3A
42486
3128K
2X
P9
10,8
67,2
75
5,0
00,0
00
4,9
90,4
15
6.4
10
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
357
2A
42514
3128K
2Y
K9
19,3
55,5
71
18,3
39,7
85
18,3
07,9
24
6.9
17
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
357
3A
42607
3128K
23Q
024,4
73,0
55
14,4
73,0
55
14,4
44,5
57
6.3
49
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
357
2A
42633
3128K
24S5
14,1
02,0
51
268,6
03
262,4
81
6.7
50
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
357
3A
42663
3128K
25Y
118,6
60,9
24
17,8
87,2
74
17,5
23,7
33
6.6
11
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
357
2A
42669
3128K
26E4
16,2
73,4
86
500,4
49
499,4
92
6.5
58
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
357
3A
42692
3128K
27D
55,0
00,8
47
5,0
00,8
47
4,9
90,5
40
6.4
34
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
357
2A
42773
3128K
3C
J437,9
87,4
69
5,7
39,2
85
5,6
62,2
70
6.4
49
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
357
2A
42785
3128K
3C
W5
16,8
86,0
81
3,4
95,1
89
3,4
16,4
64
6.5
56
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
358
2A
42799
3128K
3D
C8
12,1
13,1
21
9,9
89,2
24
9,7
65,3
64
6.5
31
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
357
2A
42879
3128K
3FU
637,8
10,3
90
33,5
49,6
84
33,2
88,6
51
6.2
50
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
356
3A
42908
3128K
3G
R2
427,1
48,1
58
28,1
64,6
83
27,9
66,1
34
6.2
50
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
356
3A
42983
3128K
3J4
030,6
34,6
74
761,7
72
753,9
80
6.3
08
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
358
2A
43019
3128K
3K
89
25,0
63,8
15
12,5
32,4
35
12,5
04,5
34
6.4
15
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
356
2A
43043
3128K
3LY
14,7
53,3
35
4,6
48,4
56
4,0
42,0
76
6.6
25
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
358
2
I-4
PC
Pool
Origi
nal
PC
UPB
Fin
alN
um
ber
PC
CU
SIP
(W
hole
Pool)
Origi
nal
PC
UPB
Curr
ent PC
UPB
WAC
PC
Coupon
Issu
e D
ate
Pay
men
t D
ate
WAR
MW
ALA
A43079
3128K
3M
46
$6,3
03,0
37
$269,1
13
$268,6
12
6.4
64%
6.0
%Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
357
2A
43087
3128K
3N
C7
17,4
51,2
18
2,3
70,7
72
2,3
20,9
88
6.5
31
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
357
2A
43192
3128K
3R
M1
37,7
13,1
09
4,5
51,8
77
4,4
73,4
93
6.5
27
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
358
2A
43291
3128K
3U
Q8
16,9
32,2
51
11,4
72,0
33
11,4
50,8
43
6.3
18
6.0
Feb
ruar
y 1, 2006
Mar
ch 1
, 2036
358
2A
43294
3128K
3U
T2
4,0
00,5
50
2,0
00,0
00
1,9
96,6
08
6.3
65
6.0
Feb
ruar
y 1, 2006
Mar
ch 1
, 2036
358
2A
43406
3128K
3Y
B7
54,3
47,8
95
22,6
44,6
42
22,4
54,8
66
6.3
32
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
356
2A
43454
3128K
3Z
T7
10,4
57,8
94
10,4
57,8
94
10,4
47,4
53
6.3
52
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
354
2A
43458
3128K
3Z
X8
40,4
27,1
42
8,4
21,6
96
8,4
13,7
98
6.3
54
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
43533
3128K
34S3
2,3
24,2
53
664,2
86
663,2
67
6.7
50
6.0
Feb
ruar
y 1, 2006
Mar
ch 1
, 2036
358
2A
43544
3128K
35D
517,6
88,0
73
1,2
18,7
71
1,2
17,6
35
6.3
59
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
359
1A
43552
3128K
35M
588,6
03,1
08
46,1
99,0
98
45,3
78,3
11
6.4
44
6.0
Feb
ruar
y 1, 2006
Mar
ch 1
, 2036
357
2A
43553
3128K
35N
321,4
74,7
23
5,1
32,6
24
5,1
25,2
99
6.2
50
6.0
Feb
ruar
y 1, 2006
Mar
ch 1
, 2036
358
2A
43563
3128K
35Y
910,8
77,4
86
2,0
56,3
29
2,0
53,6
47
6.4
51
6.0
Feb
ruar
y 1, 2006
Mar
ch 1
, 2036
358
1A
43610
3128K
4A
K1
24,4
28,8
31
6,8
74,9
27
6,8
68,5
02
6.3
34
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
359
1A
43618
3128K
4A
T2
22,5
41,0
89
10,9
41,1
67
10,7
28,8
93
6.4
50
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
1A
43631
3128K
4A
88
11,6
95,6
55
9,9
56,2
06
9,9
47,8
41
6.8
97
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
43654
3128K
4BX
2106,2
33,4
38
11,6
91,4
03
11,5
12,9
15
6.4
71
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
43669
3128K
4C
E3
13,9
04,1
82
12,5
54,0
49
12,5
42,5
38
6.5
38
6.0
Mar
ch 1
, 2006
Feb
ruar
y 1, 2036
356
2A
43679
3128K
4C
Q6
5,3
62,7
05
4,3
13,2
06
4,3
09,6
03
7.0
04
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
357
2A
43718
3128K
4D
X0
30,1
36,2
38
30,1
36,2
38
30,1
08,5
96
6.4
37
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
359
1A
43738
3128K
4EK
726,3
46,1
59
11,7
50,7
01
11,7
39,0
20
6.3
69
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
43739
3128K
4EL5
30,1
37,5
39
30,1
37,5
39
29,3
48,5
30
6.4
96
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
43740
3128K
4EM
322,4
71,1
88
2,8
17,2
18
2,7
62,7
96
6.3
67
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
43741
3128K
4EN
121,8
40,3
35
2,1
31,1
16
2,1
10,5
62
6.3
48
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
43758
3128K
4E76
12,4
71,2
45
12,4
71,2
45
12,4
59,1
68
6.4
56
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
43761
3128K
4FA
820,2
98,7
54
19,7
98,7
54
19,7
77,6
59
6.2
99
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
359
1A
43770
3128K
4FK
61,1
25,9
01
767,0
69
766,4
85
6.7
50
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
354
2A
43773
3128K
4FN
015,0
44,0
37
9,0
73,4
17
9,0
64,8
19
6.3
75
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
1A
43776
3128K
4FR
110,4
09,7
10
10,4
09,7
10
10,2
39,2
58
6.5
17
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
357
1A
43786
3128K
4F34
5,2
75,2
97
26,7
00
26,6
75
6.4
14
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
43789
3128K
4F67
28,9
40,2
62
26,6
13,8
27
26,5
89,0
64
6.3
65
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
359
1A
43794
3128K
4G
B5
2,0
05,8
74
2,0
05,8
74
2,0
04,0
90
6.5
86
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
359
1A
43813
3128K
4G
W9
30,6
10,7
75
19,5
34,6
97
19,5
16,9
71
6.4
84
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
359
1A
43819
3128K
4G
41
35,9
35,1
65
26,0
03,3
97
25,7
62,9
38
6.4
29
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
43835
3128K
4H
L2
1,6
63,1
60
1,6
63,1
60
1,6
61,6
56
6.5
00
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
359
1A
43862
3128K
4JF
350,0
03,8
38
29,7
62,7
77
29,5
22,1
99
6.3
75
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
43863
3128K
4JG
125,9
26,4
00
7,0
74,7
39
7,0
68,1
60
6.3
75
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
43864
3128K
4JH
942,3
33,6
91
42,3
33,6
91
41,7
04,5
21
6.5
00
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
43865
3128K
4JJ
518,0
01,4
99
18,0
01,4
99
17,4
66,9
66
6.6
25
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
43873
3128K
4JS
56,2
39,8
13
730,1
31
729,4
33
6.2
52
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
43875
3128K
4JU
047,2
66,4
78
46,7
65,8
71
46,7
23,4
21
6.5
47
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
43880
3128K
4JZ
914,8
87,7
06
14,8
62,5
94
14,8
48,9
52
6.4
37
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
359
1A
43943
3128K
4LY
995,9
33,2
11
10,2
05,0
00
10,0
51,3
17
6.5
38
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
43963
3128K
4M
L6
10,5
99,2
50
8,3
80,7
44
8,2
14,3
50
6.3
75
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
357
1A
43985
3128K
4N
A9
7,1
23,1
82
7,1
23,1
82
7,1
16,6
88
6.4
93
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
1A
44002
3128K
4N
T8
91,7
39,1
09
955,0
21
942,3
68
6.4
60
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
44014
3128K
4N
76
58,2
11,6
28
315,6
18
315,2
98
6.2
50
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
44038
3128K
4PX
710,7
18,4
80
763,2
93
746,9
11
6.5
22
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
359
1A
44138
3128K
4S30
22,5
40,1
54
22,5
40,1
54
22,5
19,3
99
6.4
99
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
1A
44160
3128K
4TR
612,6
88,6
71
688,6
71
688,0
43
6.5
11
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
1A
44174
3128K
4T70
1,3
06,8
00
721,6
48
721,0
27
6.7
50
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
359
1A
44184
3128K
4U
H6
8,2
95,3
62
8,2
95,3
62
8,2
87,8
82
6.5
22
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
359
1A
44219
3128K
4V
L6
20,6
63,7
93
18,0
89,6
21
18,0
73,0
80
6.4
56
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
359
1A
44220
3128K
4V
M4
9,6
06,5
49
9,2
00,0
72
9,1
91,6
95
6.4
71
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
359
1
I-5
PC
Pool
Origi
nal
PC
UPB
Fin
alN
um
ber
PC
CU
SIP
(W
hole
Pool)
Origi
nal
PC
UPB
Curr
ent PC
UPB
WAC
PC
Coupon
Issu
e D
ate
Pay
men
t D
ate
WAR
MW
ALA
A44226
3128K
4V
T9
$13,9
02,3
57
$8,9
02,3
57
$8,8
94,3
71
6.4
00%
6.0
%M
arch
1, 2006
April 1, 2036
359
1A
44236
3128K
4V
51
11,0
82,7
62
1,1
09,7
81
1,1
08,8
96
6.5
46
6.0
Mar
ch 1
, 2006
April 1, 2036
359
1A
44245
3128K
4W
E1
9,9
77,6
85
9,1
05,6
34
9,0
96,5
01
6.5
20
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
359
1A
45107
3128K
5U
83
2,8
90,1
12
2,8
90,1
12
2,8
58,8
91
6.7
57
6.0
May
1, 2005
May
1, 2035
345
11
A45155
3128K
5W
Q1
1,9
96,8
17
1,9
96,8
17
1,9
76,7
01
6.8
75
6.0
May
1, 2005
May
1, 2035
348
11
A45176
3128K
5X
D9
8,9
44,4
16
610,2
41
359,3
22
6.7
81
6.0
May
1, 2005
May
1, 2035
346
13
A45178
3128K
5X
F4
2,2
54,3
19
2,2
54,3
19
1,8
06,9
00
6.7
53
6.0
May
1, 2005
April 1, 2035
336
13
A45282
3128K
52P6
3,9
04,9
16
3,9
04,9
16
3,4
33,4
10
6.6
39
6.0
June
1, 2005
June
1, 2035
348
11
A45370
3128K
56F4
2,5
68,8
58
905,3
28
654,6
72
6.5
00
6.0
June
1, 2005
June
1, 2035
348
11
A45414
3128K
6A
P5
12,3
20,7
18
12,3
20,7
18
11,3
33,2
95
6.3
17
6.0
June
1, 2005
June
1, 2035
349
10
A45537
3128K
6EJ5
19,4
99,0
81
19,4
99,0
81
17,9
93,8
42
6.2
87
6.0
June
1, 2005
June
1, 2035
344
10
A45575
3128K
6FQ
812,1
47,2
95
2,4
57,1
04
1,8
64,2
67
6.3
75
6.0
June
1, 2005
June
1, 2035
347
12
A45781
3128K
6M
64
32,0
69,2
82
32,0
69,2
82
28,9
50,4
23
6.4
36
6.0
June
1, 2005
June
1, 2035
349
11
A45813
3128K
6N
63
2,8
60,7
74
2,8
60,7
74
2,8
34,5
12
6.8
75
6.0
June
1, 2005
June
1, 2035
347
11
A45947
3128K
6TC
42,1
82,9
49
149,7
54
148,4
03
6.7
60
6.0
June
1, 2005
May
1, 2035
347
13
A45968
3128K
6TZ
31,4
13,6
16
1,3
59,2
14
1,3
45,9
81
6.8
37
6.0
June
1, 2005
May
1, 2035
347
12
A45980
3128K
6U
D0
1,1
16,6
28
1,1
16,6
28
1,0
75,7
07
6.4
28
6.0
July
1, 2005
June
1, 2035
338
11
A46006
3128K
6U
73
1,1
89,2
03
1,1
89,2
03
1,0
58,0
11
6.5
93
6.0
July
1, 2005
June
1, 2035
348
11
A46158
3128K
6Z
X1
16,9
63,3
33
12,3
89,0
34
10,5
60,1
71
6.3
75
6.0
July
1, 2005
July
1, 2035
347
10
A46239
3128K
64Y
33,8
78,6
99
3,8
78,6
99
3,2
05,1
00
6.5
00
6.0
July
1, 2005
July
1, 2035
350
9A
46293
3128K
67E4
13,7
37,4
91
32,9
34
21,9
83
6.4
30
6.0
July
1, 2005
July
1, 2035
349
10
A46457
3128K
7E61
4,1
19,5
70
909,6
47
752,2
70
6.6
84
6.0
July
1, 2005
July
1, 2035
348
11
A46564
3128K
7JH
23,5
26,7
91
3,5
26,7
91
3,4
93,5
75
6.2
50
6.0
Augu
st 1
, 2005
Augu
st 1
, 2035
348
10
A46565
3128K
7JJ
84,4
46,6
74
4,4
46,6
74
3,9
14,7
21
6.5
12
6.0
Augu
st 1
, 2005
Augu
st 1
, 2035
350
9A
46628
3128K
7LH
94,6
57,1
31
648,7
51
629,4
72
6.2
50
6.0
Augu
st 1
, 2005
Augu
st 1
, 2035
350
9A
46667
3128K
7M
Q8
6,0
54,7
16
692,7
66
620,9
11
6.5
36
6.0
Augu
st 1
, 2005
Augu
st 1
, 2035
349
9A
46687
3128K
7N
C8
2,1
21,7
10
1,3
20,1
20
1,2
48,2
81
6.2
50
6.0
Augu
st 1
, 2005
Augu
st 1
, 2035
351
9A
46688
3128K
7N
D6
3,7
56,6
11
323,4
66
295,5
53
6.5
56
6.0
Augu
st 1
, 2005
Augu
st 1
, 2035
347
9A
46791
3128K
7R
L4
2,1
41,4
28
2,1
41,4
28
2,0
11,4
46
6.6
73
6.0
Augu
st 1
, 2005
Augu
st 1
, 2035
350
9A
46912
3128K
7V
D7
1,1
78,8
42
1,1
78,8
42
931,9
50
6.5
61
6.0
Sep
tem
ber
1, 2005
Sep
tem
ber
1, 2035
351
8A
46926
3128K
7V
T2
5,0
39,5
42
5,0
39,5
42
4,5
61,5
62
6.5
38
6.0
Sep
tem
ber
1, 2005
Sep
tem
ber
1, 2035
346
8A
47019
3128K
7Y
Q5
1,9
24,2
26
1,9
24,2
26
1,9
07,9
35
6.5
00
6.0
Sep
tem
ber
1, 2005
Sep
tem
ber
1, 2035
350
7A
47020
3128K
7Y
R3
1,6
08,3
57
1,6
08,3
57
1,4
65,0
70
6.7
58
6.0
Sep
tem
ber
1, 2005
Sep
tem
ber
1, 2035
352
8A
47077
3128K
72J6
6,7
56,3
78
468,7
13
451,4
93
6.3
40
6.0
Sep
tem
ber
1, 2005
Sep
tem
ber
1, 2035
331
8A
47159
3128K
75U
82,7
78,9
17
2,7
78,9
17
2,7
61,5
99
6.8
02
6.0
Oct
ober
1, 2005
Oct
ober
1, 2035
351
8A
47500
3128K
8K
M7
7,2
24,9
33
7,2
24,9
33
6,8
81,0
79
6.3
70
6.0
Oct
ober
1, 2005
Oct
ober
1, 2035
351
7A
47542
3128K
8LX
213,9
83,7
63
13,9
52,0
08
13,5
36,3
06
6.7
85
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
354
6A
47617
3128K
8PA
866,9
69,6
09
37,4
99,7
93
34,2
98,0
00
6.2
50
6.0
Nov
ember
1, 2005
Nov
ember
1, 2035
352
6A
47899
3128K
8X
43
16,2
46,4
21
408,6
17
392,2
33
6.7
54
6.0
Dec
ember
1, 2005
Nov
ember
1, 2035
354
5A
48151
3128K
9BU
739,9
47,9
13
39,9
47,9
13
39,1
06,1
23
6.4
84
6.0
Januar
y 1, 2006
Dec
ember
1, 2035
355
5A
48160
3128K
9B52
1,9
86,9
13
1,0
01,8
70
999,0
70
6.8
02
6.0
Januar
y 1, 2006
Nov
ember
1, 2035
354
5A
48193
3128K
9C
69
19,1
06,3
60
18,7
94,1
21
18,7
35,6
31
6.6
08
6.0
Januar
y 1, 2006
Januar
y 1, 2036
355
4A
48296
3128K
9G
D0
82,0
20,2
50
2,8
16,7
39
2,7
86,7
58
6.5
00
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
357
3A
48298
3128K
9G
F5
61,5
67,4
48
490,5
18
484,2
86
6.6
25
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
356
3A
48299
3128K
9G
G3
35,8
38,5
57
35,8
38,5
57
35,2
14,5
03
6.7
50
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
357
3A
48342
3128K
9H
T4
5,6
99,0
31
5,6
99,0
31
5,3
07,0
74
6.7
82
6.0
Feb
ruar
y 1, 2006
Dec
ember
1, 2035
340
5A
48351
3128K
9H
49
11,2
29,3
88
11,2
29,3
88
11,2
20,1
04
6.8
05
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
359
1A
48358
3128K
9JB
19,3
33,0
93
9,3
33,0
93
9,1
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47
6.9
52
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
48411
3128K
9K
Y9
10,3
88,7
76
3,6
68,8
22
3,5
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32
6.8
75
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
357
2A
54431
3128K
G4Q
8120,5
98,4
89
93,7
37,9
78
92,7
86,3
30
6.5
47
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
54438
3128K
G4X
34,3
96,0
02
396,0
02
395,5
96
6.6
12
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
358
2A
54439
3128K
G4Y
15,3
17,3
06
1,3
17,3
06
1,3
16,0
64
6.5
93
6.0
Mar
ch 1
, 2006
Mar
ch 1
, 2036
353
2C
63922
31287PLB7
3,0
73,5
30
1,3
90,7
09
195,2
05
6.5
45
6.0
Feb
ruar
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Feb
ruar
y 1, 2032
274
51
C77208
31288G
AH
52,0
01,2
55
1,4
61,8
36
626,2
80
6.4
89
6.0
Mar
ch 1
, 2003
Mar
ch 1
, 2033
318
38
I-6
PC
Pool
Origi
nal
PC
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Fin
alN
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ber
PC
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hole
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Curr
ent PC
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Coupon
Issu
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ate
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ate
WAR
MW
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C79415
31288JN
85
$2,8
60,8
10
$2,8
60,8
10
$732,1
98
6.8
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6.0
%M
ay 1
, 2003
May
1, 2033
317
36
G01843
3128LX
BL3
514,3
47,2
45
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97,5
28
827,6
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June
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June
1, 2035
329
26
G01856
3128LX
BZ
2410,0
00,0
00
285,3
82,0
00
215,0
59,0
67
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6.0
July
1, 2005
July
1, 2035
345
11
G01877
3128LX
CN
878,2
04,0
35
78,2
04,0
35
57,9
28,8
51
6.4
35
6.0
July
1, 2005
July
1, 2035
345
12
G01924
3128LX
D56
14,6
93,0
46
6,3
66,8
74
5,5
91,6
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6.5
54
6.0
Sep
tem
ber
1, 2005
Augu
st 1
, 2035
339
18
G01989
3128LX
F62
54,5
32,5
29
155,0
00
152,3
33
6.4
34
6.0
Dec
ember
1, 2005
Dec
ember
1, 2035
353
5G
02032
3128LX
HH
6500,0
00,0
00
856,3
16
843,4
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6.4
34
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Januar
y 1, 2006
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ruar
y 1, 2036
355
3G
02097
3128LX
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44,9
49,2
43
44,9
49,2
43
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59
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52
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
356
3G
02098
3128LX
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540,2
14,7
79
2,5
90,5
28
2,5
59,8
56
6.2
76
6.0
Feb
ruar
y 1, 2006
Feb
ruar
y 1, 2036
357
2G
02100
3128LX
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11,2
50,8
57,3
05
239,8
72,0
95
236,3
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6.4
16
6.0
Feb
ruar
y 1, 2006
Mar
ch 1
, 2036
356
3G
08003
3128M
JAD
21,6
81,6
82,3
54
896,1
89
571,8
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1, 2004
July
1, 2034
333
21
G08028
3128M
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102,4
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27,7
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95
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Dec
ember
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Dec
ember
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340
17
G08047
3128M
JBR
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17
2,8
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64
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342
14
G08053
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7148,6
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April 1, 2005
April 1, 2035
343
12
G08059
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91,2
29
67,5
76,2
53
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May
1, 2035
345
11
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June
1, 2035
346
11
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172,0
63,4
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July
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July
1, 2035
347
10
G08074
3128M
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133,1
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st 1
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st 1
, 2035
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9G
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tem
ber
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tem
ber
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350
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08117
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76
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88
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Mar
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Mar
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357
2$2,9
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.
Schedule II
GLOSSARY OF TERMS USED IN THE PC SCHEDULE
Capitalized terms used but not deÑned in this Glossary are deÑned in our Mortgage
Participation CertiÑcates OÅering Circular, dated October 14, 2005, or in any related pool
supplements (together, the ""PC OÅering Circular'').
PC Pool Number Ì Unique six-character designation assigned to identify each Freddie Mac
PC Pool. The Ñrst two or three characters are known as the ""PreÑx.'' Freddie Mac's Internet Web-
Site (www.freddiemac.com) provides a current list of PreÑxes and their description.
PC CUSIP Ì Unique nine-character designation assigned to each PC Pool and used to
identify PC pool on book-entry records of Federal Reserve Bank.
Original PC UPB (Whole Pool) Ì Original Unpaid Principal Balance (OUPB) of entire PC
Pool of which the PCs included in REMIC Pool are a part. The OUPB of a PC Pool is determined
as of a certain date.
Original PC UPB Ì OUPB of the PCs included in REMIC Pool.
Current PC UPB Ì Unpaid Principal Balance (UPB) of the PCs included in REMIC Pool,
as of the beginning of the month of formation of the REMIC Pool.
WAC Ì Most recently disclosed weighted average of the coupons of mortgages contained in
each PC Pool included in REMIC Pool, as of the settlement date of REMIC Pool.
PC Coupon Ì Annual rate of interest at which interest is passed through to holder of a PC.
Issue Date Ì Corresponds to Ñrst day of the month of formation of the PC Pool.
Final Payment Date Ì Corresponds to Ñrst day of the month in which the Final Payment Date
for PC Pool occurs.
WARM Ì Most recently disclosed, calendar-adjusted weighted average of the remaining
terms to maturity (in months) of mortgages contained in each PC Pool included in the REMIC
Pool, as of settlement date of REMIC Pool.
WALA Ì Most recently disclosed, calendar-adjusted, weighted average of the number of
months since note origination of the mortgages contained in each PC Pool included in the REMIC
Pool, as of the settlement date of the REMIC Pool.
II-1
If you intend to purchase the OÅered CertiÑcates,you should rely only on the information in thisSupplement, the OÅering Circular Supplementand the OÅering Circular, including the informa- $2,950,000,000tion in the disclosure documents that we haveincorporated by reference. We have not authorizedanyone to provide you with diÅerent information.
This Supplement, the OÅering Circular Supple- Freddie Macment, the OÅering Circular and the incorporateddocuments may not be correct after their dates.
We are not oÅering the OÅered CertiÑcates in anyjurisdiction that prohibits their oÅer. Reference REMICSM
Series R006
TABLE OF CONTENTS
Description Page
OÅering Circular Supplement
Certain Risk Considerations ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-2Terms Sheet ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-3Available InformationÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-6General Information ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-6
The Agreement ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-6Form of CertiÑcates ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-7Structure of Transaction ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-7The Mortgages ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-7
Payments ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-8Payment Dates; Record DatesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-8Method of Payment ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-8Categories of Classes ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-8InterestÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-8 Lead UnderwritersPrincipalÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-9Class Factors ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-9GuaranteesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-101% Clean-up Call ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-10 Banc of AmericaResidual ProceedsÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-10
Prepayment and Yield Analysis ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-10GeneralÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-10 Securities LLCPrepayment and Weighted Average Life Considerations ÏÏÏÏÏÏÏÏÏ S-11Declining Balances TableÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-12Yield Tables ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-14 CitigroupFinal Payment Dates ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-15
Certain Federal Income Tax ConsequencesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-15GeneralÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-15Regular ClassesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-15 Goldman, Sachs & Co.Residual Classes ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-15Taxation of the Call Class ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-17MACR Classes ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-17
Legal Investment Considerations ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-18ERISA ConsiderationsÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-18Plan of Distribution ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-18Legal Matters ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ S-18 Co-UnderwritersAppendix A Ì Available CombinationsÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ A-1Schedule I Ì PC Schedule ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ I-1Schedule II Ì Glossary of Terms Used in the PC Schedule ÏÏÏÏÏÏÏÏÏ II-1
Credit SuisseOÅering Circular
Freddie Mac ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 3 Deutsche Bank SecuritiesAdditional InformationÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 3Summary ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 4Risk FactorsÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 7 HSBCDescription of CertiÑcates ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 9MACR CertiÑcatesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 20Prepayment, Yield and Suitability Considerations ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 21 Lehman BrothersThe Agreement ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 27Certain Federal Income Tax ConsequencesÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 30 Merrill Lynch & Co.ERISA ConsiderationsÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 45Legal Investment Considerations ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 45Plan of Distribution ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 46Increase in SizeÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 46Appendix I Ì Index of Terms ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ I-1 April 7, 2006Appendix II Ì Standard DeÑnitions and Abbreviations for ClassesÏÏÏÏ II-1Appendix III Ì MACR CertiÑcate Exchanges ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ III-1Appendix IV Ì Retail Class Principal Payments ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ IV-1Appendix V Ì Interest Rate Indices ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ V-1Appendix VI Ì Guaranteed Maturity and Call Classes; Redemption
and Exchange Procedures ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ VI-1