Connecticut Avenue Securities Investor Presentation
Actual Loss Calculation - Principal Losses
Losses at Disposition
(+)
Loan Balance
(+)
Total Liquidation Costs
(+)
Accrued Interest
(-)
Total Proceeds
UPB at time of removal from reference pool (including any prior principal forgiveness amount)
Foreclosure Expense
Property Preservation Expense
Asset Recovery Expense
Miscellaneous Holding Expenses/Credits
Associated Taxes
Unpaid interest from Last Paid Installment date through Disposition Date on interest-bearing
UPB, based on net Note rate (Note Rate net of servicing fee or 35 bps, whichever is greater)
Net Sales Proceeds
Credit Enhancement Proceeds (Mortgage Insurance Proceeds)
Repurchase/ Make Whole Proceeds
Other Proceeds
Expenses and proceeds associated with a credit event are passed through to noteholders 90 days after the disclosed Disposition Date
(e.g., property sale date). Any remaining trailing expenses and proceeds are passed through on a monthly basis thereafter as received.
32 O 2021 Fannie Mae.View entire presentation