CRT-Eligible Profile Summary

Illustration of Property Disposition and Loss to CIRT Structure Default (2 missed payments) Mediation 36 © 2024 Fannie Mae Foreclosure Date Property Disposition Date $100k Home Foreclosure Proceedings (Typically initiated on 3rd missed payment) REO Process (95% LTV) Equity $95k Unpaid Principal Balance ☐ (UPB)(1) ☐ Loss Applied to CIRT Structure Delinquent Accrued Interest (2) Maintenance & Preservation (2),(3) Legal Costs (2),(3) Real Estate Taxes/Fees(2),(3) $15k Interest and expenses $33k Primary MI Recovery (30% of (UPB + DQ Int + Expenses)) $2k Net Loss TO CIRT Structure $75k $108k Proceeds Total from property Proceeds sale (1) Loss covered by Mortgage Insurance (2) The covered loss may be curtailed based upon eligibility under MI policy (3) The covered loss may be estimated under MI factor

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