EX-99 2 exhibit991.htm EXHIBIT 99.1 EXHIBIT 99.1

All information in this Term Sheet, whether regarding assets backing any securities discussed herein or otherwise, will be superseded by the information contained in the final offering memorandum.


                                        Preliminary Structural and Collateral Term Sheet               May 13, 2005

                                                                                                                                                                     


 $1,315,290,000 (Approximate of Senior Certificates)
GSR Mortgage Loan Trust 2005-5F

GS Mortgage Securities Corp., Depositor

Mortgage Pass-Through Certificates, Series 2005-5F

Overview of the Track 8 Offered Certificates

Class

Certificate

Balance ($)(1)

Anticipated Ratings:

(2 of 3: S&P, Fitch or Moody’s)

Certificate Rate  

Avg. Life (yrs) (2) (3)

8A1

$212,545,000

AAA/AAA

(4)

3.58

8A2

$25,000,000

AAA/AAA

(4)

3.58

8A3

$212,545,000

AAA/AAA

(5)

N/A

8A4

$25,000,000

AAA/AAA

(5)

N/A

8A5

$59,700,000

AAA/AAA

5.50%

10.75

8A6

$2,000,000

AAA/AAA

5.50%

10.75


(1)

The principal balances of the Offered Certificates are calculated using April 2005 scheduled balances rolled one month to May. The actual balances of the offered certificates will be calculated on the scheduled balance of the underlying collateral after the May 2005 Distribution Date.

(2)

Assuming payment based on the pricing speed.

(3)

The rated final maturity is expected to be on the Distribution Date occurring in June 2035.

(4)

The Pass-Through Rate for the Class 8A1 and 8A2 Certificates will be equal to the lesser of (i) LIBOR + 0.50% and (ii) 5.50%. To the extent that the Pass-Through Rate for the Class 8A1 and 8A2 Certificates is capped at 5.50%, the Class 8A1 and 8A2 Certificates will be entitled to receive, pro rata, based on their respective initial certificate balances, from available funds in the Basis Risk Reserve Fund, an amount equal to LIBOR + 0.50% minus 5.50%, with an upper collar of 9.00%.

(5)

The Pass-Through Rate for the Class 8A3 and 8A4 Certificates will be equal to the greater of (i) (A) 5.00% minus (B) LIBOR and (ii) zero.


Mortgage Loan Aggregate Characteristics(1)


Preliminary Collateral Information

Track 8 - 5.50%

30 Yr Total

Deal Total

Total Outstanding Principal Balance (+/- 10%):

$308,500,000

$1,261,190,000

$1,355,978,000

Average Current Principal Balance of the Mortgage Loans (000’s)2 (+/-10%)

$448

$443

$447

Weighted Average Annual Mortgage Interest Rate (+/- 10 bps):

5.964%

6.005%

5.962%

Expected Administrative Fees (Including Servicing and Trustee Fees):

0.241%

0.239%

0.240%

Weighted Average Amortized Term To Maturity (Months)   (+/- 3 months):

346

348

337

Weighted Average Seasoning (Months) (+/- 3 months):

11

12

11

Weighted Average Current Loan-To-Value Ratio (+/- 10%):

       67%

67%

67%

Owner Occupied (+/- 5%):

94%

93%

93%

Single Family and PUD (+/- 10%):

93%

93%

92%

Current FICO (+/- 10):

736

736

737

California Concentration (+/- 10%):

42%

38%

37%

IO Loan Percentage (+/- 10%):

7%

7%

6%

Servicers(3):

                                                      Countrywide:

                                                      Wells Fargo:

                                                      Aurora:

                                                      Nat City:

                                                      GMAC:

                                                      IndyMac:

                                                      Chase:

                                                      SunTrust:


18%

34%

15%

8%

7%

6%

11%

0%


20%

34%

13%

9%

7%

5%

11%

0%


20%

31%

12%

11%

6%

5%

10%

2%


1 The final collateral will be a subset of the mortgage loans used to determine the information under the Collateral Description.

2 This represents the average original principal balance of mortgage loans contributing all or part of their cash flow to the respective track.

3 Totals may not sum to 100% due to rounding.

4 Subject to change.


The securities described herein will not be registered with the Securities and Exchange Commission but will be sold pursuant to Rule 144A under the Securities Act of 1933. This material is for your private information and we are not soliciting any action based upon it.  This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal.  This material is based on information that we consider reliable, but we do not represent that it is accurate or complete and it should not be relied upon as such.  By accepting this material the recipient agrees that it will not distribute or provide the material to any other person.  The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein.  We make no representations regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes.  We and our affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options).  Information contained in this material is current as of the date appearing on this material only.  Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets.  All information in this Term Sheet, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any final offering circular for any securities actually sold to you.  Goldman, Sachs & Co. does not provide accounting, tax or legal advice.  In addition, we mutually agree that subject to applicable law, you may disclose any and all aspects of any potential transaction or structure described herein that are necessary to support any US federal income tax benefits without Goldman, Sachs & Co. imposing any limitation of any kind.



Features of the Transaction

n

Collateral consists of approximately $1.356 billion of primarily 15 and 30 year, conventional fixed-rate one- to four-family, first lien mortgage loans (the “Mortgage Loans”).

n

It is anticipated that the “Offered Certificates” will be rated “AAA” by S&P and Moody’s.

n

The transaction will be modeled on Bloomberg as “GSR 05-5F 8FLT.”

n

The Trustee will be assigned a 1 month LIBOR interest rate cap agreement (the “Interest Rate Cap”) available only to pay Class 8A1 and 8A2 Basis Risk Shortfalls in the manner described herein.  The Interest Rate Cap will have an initial notional amount of approximately $237,545,000, a term of 346 months beginning on the 1st distribution date, and the class will receive a payment under the cap contract with respect to any distribution date on which one-month LIBOR exceeds 5.00% with an upper collar of 8.50%.  The Interest Rate Cap notional amounts are detailed in the amortization schedule table below. (See Appendix A for the Interest Rate Corridor Notional Amount).


Time Table

Expected Closing Date:

On or before May 26, 2005

Cut-off Date:

May 1, 2005

First Distribution Date:

June 27, 2005


Key Terms

Offered Certificates:

Class 8A1, 8A2, 8A3, 8A4, 8A5, 8A6 Certificates

Depositor:

GS Mortgage Securities Corp.

Servicers:

Aurora Loan Services Inc., Countrywide Home Loans Servicing LP, GMAC Mortgage Corporation, IndyMac Bank, F.S.B., National City Mortgage Co., PHH Mortgage Corporation, SunTrust Mortgage Company, and Wells Fargo Bank, N.A.

Master Servicer:

JPMorgan Chase Bank, National Association

Securities Administrator:

JPMorgan Chase Bank, National Association

Trustee:

Wachovia Bank, National Association

Distribution Date:

The 25th day of the month or the next business day.

Record Date:

For any Distribution Date, the last business day of the Interest Accrual period for such Offered Certificates.

Delay Days:

0 days for the Class 8A1, 8A2, 8A3 and 8A4 Certificates and 24 days for the Class 8A5 and Class 8A6 Certificates

Pricing Prepayment Assumption:

CPR starting at 6% CPR in the loan’s first month, increasing to 18% CPR in month 12 (a 1.083333% increase per month), and remaining at 18% CPR thereafter

Day Count:

30/360

Interest Accrual Period:

The accrual period for the Class 8A1, 8A2, 8A3 and 8A4 Certificates for each Distribution Date is the period beginning on and including the 25th day of the month immediately preceding the month in which such Distribution Date occurs and ending on the 24th day of the month in which such Distribution Date occurs.  The interest accrual period for the Class 8A5 and 8A6 Certificates is the 1st through the 30th of the month immediately preceding the month in which such Distribution Date occurs.

Offering Type:

Public

Interest Rate Corridor

Provider:

Goldman Sachs Matsui Marine Derivative Products.  The long term unsecured debt obligations of the Interest Rate Cap Provider are rated Aaa by Moody’s, and AA+ by S&P.

Servicer Advancing:

Yes, subject to recoverability

Compensating Interest:

Yes, to the extent of the servicing fee for such Distribution Date

Clean-up Call:

1% of the Cut-off Date principal balance of the Mortgage Loans

Rating Agencies:

2 of 3: S&P, Moody’s or Fitch

Minimum Denomination:

$25,000 for the Class 8A1, 8A2, 8A5 and 8A6 Certificates, and

$1,000,000 for the Class 8A3 and 8A4 Certificates

Legal Investment:

It is anticipated that all of the Certificates will constitute SMMEA securities

ERISA Eligible:

The Offered Certificates are expected to be ERISA eligible

Credit Enhancement:

Credit Support is in the form of a senior/subordinate, shifting interest structure and a five year prepayment lockout.  The Collateral Groups are cross-collateralized.  The Class 8A2 Certificate is afforded additional credit support by the Class 8A6 Certificate.

Tax Treatment:

All Offered Certificates represent REMIC regular interests. The Class 8A1 and 8A2 Certificates will also represent the beneficial ownership of certain rights with respect to a limited recourse corridor agreement.



Priority of Payments

n

Beginning in June 2005, and on each Distribution Date thereafter, to the extent funds are available from the Trust, which will be the sum of all payments of principal and interest received on the underlying Mortgage Loans, distributions to Class 8A1, 8A2, 8A3, 8A4, 8A5, and 8A6 Certificates will be made in the following order of priority:


to each of the Class 8A1, 8A2, 8A3, 8A4, 8A5 and 8A6 Certificates, Accrued Certificate Interest thereon, pro rata in proportion to the amount owing to each such class;


To the Class 8A-1, 8A-2, 8A-5 and 8A-6 Certificates, in reduction of their respective Class Principal Balances, from the Available Distribution

Amount for Collateral Group 8 in an amount up to the Senior Principal Distribution Amount for Collateral Group 8 for such Distribution Date, in the following order of priority:


(a)

Pro rata, to the Class 8A5 and 8A6 Certificates, up to the NAS Priority Amount, until the Class Principal Balance of each such certificate is reduced to zero;


(b)

Pro rata, to the Class 8A1 and 8A2 Certificates, until the Class Principal Balance of each such certificate is reduced to zero; and


(c)

Pro rata, to the Class 8A5 and 8A6 Certificates, until the Class Principal Balance of each such certificate is reduced to zero.

The “NAS Priority Amount” for any Distribution Date is equal to the lesser of (i) the sum of (x) the product of the NAS Percentage for such date, the NAS Scheduled Principal Percentage for such date and the Scheduled Principal Amount for such date and (y) the product of the NAS Percentage for such date, the NAS Prepayment Shift Percentage for such date and the Unscheduled Principal Amount for such date and (ii) the aggregate Certificate Balance of the Class 8A-5 and 8A-6 Certificates immediately prior to such date.  Notwithstanding the foregoing, (i) on and after the Credit Support Depletion Date, the Class 8A-5 and 8A-6 Certificates shall be entitled to their respective pro rata share of all scheduled and unscheduled payments of principal and (ii) on the date on which the Certificate Balances of the Class 8A-1 and Class 8A-2 Certificates have been reduced to zero, the Class 8A-5 and 8A-6 Certificates shall be entitled pro rata to any remaining Senior Principal Distribution Amount for Collateral Group 8 and thereafter, the NAS Priority Amount will equal the Senior Principal Distribution Amount for Collateral Group 8.  The “NAS Percentage” for any Distribution Date will be equal to the lesser of (i) 100% and (ii) the percentage obtained by dividing (x) the Certificate Balance of the Class 8A-5 and 8A-6 Certificates immediately prior to such date by (y) the aggregate Certificate Balance of the Class 8A-1, 8A-2, 8A-5 and 8A-6 Certificates immediately prior to such date.


The “NAS Scheduled Principal Percentage” for any Distribution Date during the five years beginning on the first Distribution Date will be 0%.  Thereafter, the NAS Scheduled Principal Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will be 100%.  The “NAS Prepayment Shift Percentage” for any Distribution Date during the five years beginning on the first Distribution Date will be 0%.  Thereafter, the NAS Prepayment Shift Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will be as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any subsequent Distribution Date, 100%.


Interest Rate Cap

n

On any Distribution Date, amounts paid by the Interest Rate Cap Provider to the Trustee will be available to make distributions on behalf of the Trust for distribution, first, to the Class 8A1 and 8A2 Certificates (pro rata, based on their initial Certificate Principal Balances) to pay Class 8A1 and 8A2 Basis Risk Shortfalls up to an amount equal to the product of (i) one-twelfth and (ii) the excess, if any, of LIBOR for such Distribution Date (up to a maximum of 8.50% per annum) over 5.00% and (iii) the lesser of (x) an amount equal to the applicable notional amount under the Interest Rate Cap for such Distribution Date and (y) the Certificate Principal Balance of the Class 8A1 and 8A2 Certificates for such Distribution Date, second, to pay Class 8A1 and 8A2 Basis Risk Shortfalls remaining unpaid from prior Distribution Dates, and third, the remainder to the Basis Risk Reserve Fund.

n

Basis Risk Reserve Fund –The Basis Risk Reserve Fund will not be an asset of any REMIC, nor will it be an asset of the Trust, but instead will be held in the separate interest trust for the benefit of the holders of the Class 8A1, Class 8A2 Certificates and the Class X Certificates. After Interest Rate Cap Amounts have been applied to reduce any Basis Risk Shortfalls on the Class 8A1 and the Class 8A2 Certificates as described herein, amounts in the Basis Risk Reserve Fund will be used to make payments to the Holders of the Class 8A1 and Class 8A2 Certificates with respect to any unpaid Basis Risk Shortfalls on such Certificates from prior Distribution Dates.  The Class X Certificates represent the right to receive certain amounts on deposit in the Basis Risk Reserve Fund on the earlier to occur of (i) the Distribution Date on which the Certificate Principal Balance of the Class 8A1 and Class 8A2 Certificates is reduced to zero and (ii) the optional termination of the Trust.

n

Class 8A1 and 8A2 Pass-Through Rate - The Class 8A1 and 8A2 Certificates will accrue interest at a variable rate equal to the lesser of (i) one-month LIBOR plus 0.50% and (ii) 5.50%.

n

Class 8A1 and 8A2 Basis Risk Shortfalls - As to any Distribution Date, an amount equal to the excess, if any, of interest that would otherwise be due on such class of certificates at the Class 8A1 and 8A2 Pass-Through Rate over interest due on such class of certificates at a rate equal to 5.50%.





Appendix A


The Interest Rate Corridor Notional Amount Amortization Schedule

Distribution Period (months)

Distribution Date

Interest Rate Corridor Notional Amount ($)

 

Distribution Period (months)

Distribution Date

Interest Rate Corridor Notional Amount ($)

 

Distribution Period (months)

Distribution Date

Interest Rate Corridor Notional Amount ($)

1

6/25/2005

237,545,000.00

 

41

10/25/2008

80,986,540.94

 

81

2/25/2012

12,207,707.24

2

7/25/2005

232,161,803.51

 

42

11/25/2008

78,304,657.73

 

82

3/25/2012

11,421,440.82

3

8/25/2005

226,870,968.40

 

43

12/25/2008

75,669,445.94

 

83

4/25/2012

10,654,565.26

4

9/25/2005

221,670,936.36

 

44

1/25/2009

73,080,113.35

 

84

5/25/2012

9,906,709.63

5

10/25/2005

216,560,175.17

 

45

2/25/2009

70,535,881.22

 

85

6/25/2012

9,368,156.15

6

11/25/2005

211,537,178.30

 

46

3/25/2009

68,035,983.84

 

86

7/25/2012

8,843,817.53

7

12/25/2005

206,600,464.34

 

47

4/25/2009

65,579,668.38

 

87

8/25/2012

8,333,396.99

8

1/25/2006

201,748,576.84

 

48

5/25/2009

63,166,194.63

 

88

9/25/2012

7,836,603.14

9

2/25/2006

196,980,083.62

 

49

6/25/2009

60,794,834.92

 

89

10/25/2012

7,353,150.13

10

3/25/2006

192,293,576.45

 

50

7/25/2009

58,464,873.76

 

90

11/25/2012

6,882,757.58

11

4/25/2006

187,687,670.75

 

51

8/25/2009

53,926,345.32

 

91

12/25/2012

6,425,150.10

12

5/25/2006

183,161,005.07

 

52

9/25/2009

51,716,406.46

 

92

1/25/2013

5,980,057.84

13

6/25/2006

178,712,240.86

 

53

10/25/2009

49,545,122.83

 

93

2/25/2013

5,547,215.69

14

7/25/2006

174,340,061.94

 

54

11/25/2009

47,411,837.13

 

94

3/25/2013

5,126,363.86

15

8/25/2006

170,043,174.17

 

55

12/25/2009

45,315,903.16

 

95

4/25/2013

4,717,247.16

16

9/25/2006

165,820,305.04

 

56

1/25/2010

43,256,685.73

 

96

5/25/2013

4,319,615.36

17

10/25/2006

161,670,203.45

 

57

2/25/2010

41,233,560.18

 

97

6/25/2013

4,090,362.50

18

11/25/2006

157,591,639.26

 

58

3/25/2010

39,245,912.61

 

98

7/25/2013

3,867,637.93

19

12/25/2006

153,583,402.96

 

59

4/25/2010

37,293,139.18

 

99

8/25/2013

3,651,292.40

20

1/25/2007

149,644,305.24

 

60

5/25/2010

35,374,646.42

 

100

9/25/2013

3,441,179.65

21

2/25/2007

145,773,176.74

 

61

6/25/2010

33,952,274.62

 

101

10/25/2013

3,237,156.36

22

3/25/2007

141,968,867.83

 

62

7/25/2010

32,560,693.49

 

102

11/25/2013

3,039,082.16

23

4/25/2007

138,230,247.95

 

63

8/25/2010

31,199,350.18

 

103

12/25/2013

2,846,819.73

24

5/25/2007

134,556,205.71

 

64

9/25/2010

29,867,701.10

 

104

1/25/2014

2,660,234.31

25

6/25/2007

130,945,648.25

 

65

10/25/2010

28,565,212.09

 

105

2/25/2014

2,479,194.06

26

7/25/2007

127,397,501.06

 

66

11/25/2010

27,291,358.10

 

106

3/25/2014

2,303,569.91

27

8/25/2007

123,910,707.62

 

67

12/25/2010

26,045,623.03

 

107

4/25/2014

2,133,235.26

28

9/25/2007

120,484,229.24

 

68

1/25/2011

24,827,499.71

 

108

5/25/2014

1,968,066.34

29

10/25/2007

117,117,044.62

 

69

2/25/2011

23,636,489.47

 

109

6/25/2014

1,931,496.84

30

11/25/2007

113,808,149.43

 

70

3/25/2011

22,472,102.47

 

110

7/25/2014

1,895,576.64

31

12/25/2007

110,556,556.50

 

71

4/25/2011

21,333,856.91

 

111

8/25/2014

1,860,294.55

32

1/25/2008

107,361,295.08

 

72

5/25/2011

20,221,279.58

 

112

9/25/2014

1,825,639.59

33

2/25/2008

104,221,410.62

 

73

6/25/2011

19,242,668.69

 

113

10/25/2014

1,791,600.89

34

3/25/2008

101,135,964.74

 

74

7/25/2011

18,287,099.98

 

114

11/25/2014

1,758,167.78

35

4/25/2008

98,104,034.75

 

75

8/25/2011

17,354,138.51

 

115

12/25/2014

1,725,329.72

36

5/25/2008

95,124,713.61

 

76

9/25/2011

16,443,356.93

 

116

1/25/2015

1,693,076.49

37

6/25/2008

92,197,109.26

 

77

10/25/2011

15,554,335.43

 

117

2/25/2015

1,661,397.96

38

7/25/2008

89,320,344.77

 

78

11/25/2011

14,686,661.46

 

118

3/25/2015

1,630,284.16

39

8/25/2008

86,493,558.00

 

79

12/25/2011

13,839,929.69

 

119

4/25/2015

1,599,725.27

40

9/25/2008

83,715,901.24

 

80

1/25/2012

13,013,742.09

 

120

5/25/2015

1,569,711.69




Distribution Period (months)

Distribution Date

Interest Rate Corridor Notional Amount ($)

 

Distribution Period (months)

Distribution Date

Interest Rate Corridor Notional Amount ($)

 

Distribution Period (months)

Distribution Date

Interest Rate Corridor Notional Amount ($)

121

6/25/2015

1,540,234.02

 

161

10/25/2018

709,523.40

 

201

2/25/2022

              312,535.58

122

7/25/2015

1,511,282.99

 

162

11/25/2018

695,568.18

 

202

3/25/2022

              305,953.13

123

8/25/2015

1,482,849.32

 

163

12/25/2018

681,868.65

 

203

4/25/2022

            299,495.39

124

9/25/2015

1,454,924.17

 

164

1/25/2019

668,420.35

 

204

5/25/2022

              293,160.14

125

10/25/2015

1,427,498.57

 

165

2/25/2019

655,218.71

 

205

6/25/2022

            286,945.33

126

11/25/2015

1,400,564.05

 

166

3/25/2019

642,259.44

 

206

7/25/2022

            280,848.66

127

12/25/2015

1,374,111.91

 

167

4/25/2019

629,538.28

 

207

8/25/2022

             274,868.07

128

1/25/2016

1,348,133.83

 

168

5/25/2019

617,051.01

 

208

9/25/2022

             269,001.42

129

2/25/2016

1,322,621.58

 

169

6/25/2019

604,793.53

 

209

10/25/2022

            263,246.66

130

3/25/2016

1,297,567.00

 

170

7/25/2019

592,761.80

 

210

11/25/2022

              257,601.80

131

4/25/2016

1,272,962.24

 

171

8/25/2019

580,951.77

 

211

12/25/2022

            252,064.86

132

5/25/2016

1,248,799.40

 

172

9/25/2019

569,359.57

 

212

1/25/2023

            246,633.87

133

6/25/2016

1,225,070.80

 

173

10/25/2019

557,981.33

 

213

2/25/2023

             241,306.92

134

7/25/2016

1,201,768.82

 

174

11/25/2019

546,813.31

 

214

3/25/2023

            236,082.20

135

8/25/2016

1,178,886.19

 

175

12/25/2019

535,851.71

 

215

4/25/2023

             230,957.80

136

9/25/2016

1,156,415.38

 

176

1/25/2020

525,092.91

 

216

5/25/2023

             225,931.90

137

10/25/2016

1,134,349.43

 

177

2/25/2020

514,533.32

 

217

6/25/2023

             221,002.68

138

11/25/2016

1,112,681.13

 

178

3/25/2020

504,169.47

 

218

7/25/2023

              216,168.48

139

12/25/2016

1,091,403.67

 

179

4/25/2020

493,997.79

 

219

8/25/2023

               211,427.56

140

1/25/2017

1,070,510.08

 

180

5/25/2020

484,014.88

 

220

9/25/2023

              206,778.17

141

2/25/2017

1,049,993.80

 

181

6/25/2020

474,217.50

 

221

10/25/2023

             202,218.65

142

3/25/2017

1,029,848.16

 

182

7/25/2020

464,602.23

 

222

11/25/2023

               197,747.50

143

4/25/2017

1,010,066.76

 

183

8/25/2020

455,165.83

 

223

12/25/2023

             193,362.98

144

5/25/2017

990,643.10

 

184

9/25/2020

445,905.30

 

224

1/25/2024

             189,063.49

145

6/25/2017

971,571.09

 

185

10/25/2020

436,817.30

 

225

2/25/2024

             184,847.62

146

7/25/2017

952,844.46

 

186

11/25/2020

427,898.91

 

226

3/25/2024

               180,713.70

147

8/25/2017

934,457.21

 

187

12/25/2020

419,146.96

 

227

4/25/2024

             176,660.40

148

9/25/2017

916,403.48

 

188

1/25/2021

410,558.68

 

228

5/25/2024

               172,686.11

149

10/25/2017

898,677.24

 

189

2/25/2021

402,130.98

 

229

6/25/2024

             168,789.42

150

11/25/2017

881,272.95

 

190

3/25/2021

393,861.09

 

230

7/25/2024

             164,968.98

151

12/25/2017

864,184.91

 

191

4/25/2021

385,746.24

 

231

8/25/2024

              161,223.30

152

1/25/2018

847,407.50

 

192

5/25/2021

377,783.49

 

232

9/25/2024

                157,551.09

153

2/25/2018

830,935.34

 

193

6/25/2021

369,970.32

 

233

10/25/2024

                153,951.01

154

3/25/2018

814,763.12

 

194

7/25/2021

362,303.95

 

234

11/25/2024

               150,421.73

155

4/25/2018

798,885.45

 

195

8/25/2021

354,781.77

 

235

12/25/2024

              146,961.89

156

5/25/2018

783,297.27

 

196

9/25/2021

347,401.25

 

236

1/25/2025

              143,570.22

157

6/25/2018

767,993.52

 

197

10/25/2021

340,159.77

 

237

2/25/2025

              140,245.54

158

7/25/2018

752,969.03

 

198

11/25/2021

333,054.88

 

238

3/25/2025

             136,986.66

159

8/25/2018

738,219.15

 

199

12/25/2021

326,084.20

 

239

4/25/2025

             133,792.23

160

9/25/2018

723,738.80

 

200

1/25/2022

319,245.20

 

240

5/25/2025

               130,661.15






Distribution Period (months)

Distribution Date

Interest Rate Corridor Notional Amount ($)

 

Distribution Period (months)

Distribution Date

Interest Rate Corridor Notional Amount ($)

 

Distribution Period (months)

Distribution Date

Interest Rate Corridor Notional Amount ($)

241

6/25/2025

              127,592.23

 

281

10/25/2028

               44,672.00

 

321

2/25/2032

                  9,748.61

242

7/25/2025

             124,584.36

 

282

11/25/2028

              43,364.24

 

322

3/25/2032

                 9,227.44

243

8/25/2025

              121,636.42

 

283

12/25/2028

              42,084.66

 

323

4/25/2032

                  8,718.93

244

9/25/2025

               118,747.24

 

284

1/25/2029

               40,832.56

 

324

5/25/2032

                 8,222.86

245

10/25/2025

                115,915.78

 

285

2/25/2029

               39,607.46

 

325

6/25/2032

                  7,739.06

246

11/25/2025

                113,141.02

 

286

3/25/2029

              38,408.89

 

326

7/25/2032

                   7,267.21

247

12/25/2025

               110,421.76

 

287

4/25/2029

               37,236.37

 

327

8/25/2032

                 6,807.09

248

1/25/2026

                107,757.14

 

288

5/25/2029

              36,089.26

 

328

9/25/2032

                  6,358.45

249

2/25/2026

               105,146.05

 

289

6/25/2029

               34,967.26

 

329

10/25/2032

                   5,921.05

250

3/25/2026

              102,587.53

 

290

7/25/2029

               33,869.72

 

330

11/25/2032

                  5,494.65

251

4/25/2026

             100,080.64

 

291

8/25/2029

               32,796.25

 

331

12/25/2032

                    5,079.11

252

5/25/2026

               97,624.42

 

292

9/25/2029

                31,746.38

 

332

1/25/2033

                 4,674.09

253

6/25/2026

                 95,217.78

 

293

10/25/2029

                30,719.64

 

333

2/25/2033

                  4,279.45

254

7/25/2026

               92,859.98

 

294

11/25/2029

                 29,715.53

 

334

3/25/2033

                 3,894.95

255

8/25/2026

                90,550.10

 

295

12/25/2029

               28,733.68

 

335

4/25/2033

                 3,520.34

256

9/25/2026

88,287.08

 

296

1/25/2030

                27,773.68

 

336

5/25/2033

                    3,155.55

257

10/25/2026

 86,070.23

 

297

2/25/2030

               26,835.06

 

337

6/25/2033

                  2,800.18

258

11/25/2026

83,898.60

 

298

3/25/2030

                25,917.43

 

338

7/25/2033

                 2,454.24

259

12/25/2026

81,771.38

 

299

4/25/2030

               25,020.38

 

339

8/25/2033

                   2,117.40

260

1/25/2027

79,687.72

 

300

5/25/2030

               24,143.44

 

340

9/25/2033

                    1,789.51

261

2/25/2027

77,646.81

 

301

6/25/2030

              23,286.30

 

341

10/25/2033

                  1,470.40

262

3/25/2027

                75,647.87

 

302

7/25/2030

               22,448.56

 

342

11/25/2033

                    1,159.85

263

4/25/2027

               73,690.02

 

303

8/25/2030

               21,629.82

 

343

12/25/2033

                      857.77

264

5/25/2027

                 71,772.64

 

304

9/25/2030

              20,829.69

 

344

1/25/2034

                     563.85

265

6/25/2027

              69,894.84

 

305

10/25/2030

               20,047.85

 

345

2/25/2034

                      278.01

266

7/25/2027

                68,056.01

 

306

11/25/2030

               19,283.90

 

346

3/25/2034

                              -   

267

8/25/2027

               66,255.26

 

307

12/25/2030

                18,537.46

    

268

9/25/2027

               64,491.96

 

308

1/25/2031

                17,808.27

    

269

10/25/2027

                62,765.41

 

309

2/25/2031

                17,095.96

    

270

11/25/2027

                61,074.96

 

310

3/25/2031

                16,400.19

    

271

12/25/2027

                59,419.82

 

311

4/25/2031

                 15,720.65

    

272

1/25/2028

                57,799.37

 

312

5/25/2031

                 15,056.95

    

273

2/25/2028

                56,212.89

 

313

6/25/2031

                14,408.85

    

274

3/25/2028

               54,659.90

 

314

7/25/2031

                13,776.03

    

275

4/25/2028

                 53,139.61

 

315

8/25/2031

                 13,158.09

    

276

5/25/2028

                  51,651.55

 

316

9/25/2031

                12,554.89

    

277

6/25/2028

                50,194.92

 

317

10/25/2031

                 11,966.01

    

278

7/25/2028

               48,769.26

 

318

11/25/2031

                 11,391.23

    

279

8/25/2028

               47,373.92

 

319

12/25/2031

                10,830.31

    

280

9/25/2028

               46,008.35

 

320

1/25/2032

                10,282.85