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Connecticut Avenue Securities Investor Presentation

Historical Loss Performance Re-weighted to CAS Profiles (Group 1) G1 Deals: Total Loss Rate Comped to 2006 Vintage Year % of Origination UPB 0 1 2 4 5 Fixed Severity Actual Loss 3. 1. 2. CAS 2013-C01 62 © 2021 Fannie Mae. CAS 2014-C01 CAS 2014-C02 G1 CAS 2014-C03 G1 CAS 2014-C04 G1 CAS 2015-C01 G1 CAS 2015-C02 G1 CAS 2015-C03 G1 CAS 2015-C04 G1 CAS 2016-C01 G1 CAS 2016-C02 G1 CAS 2016-C03 G1 CAS 2016-C04 G1 CAS 2016-C06 G1 CAS 2017-C01 G1 CAS 2017-C03 G1 CAS 2017-C05 G1 CAS 2017-C06 G1 CAS 2017-C07 G1 CAS 2018-C01 G1 ■M1 ■M2 ■B Retained B Total Loss Rate Dots reflect historical total loss performance re-weighted to all of Group 1 CAS profiles across FICO/CLTV/Risk Layer distribution For deals up to and including CAS 2015-C03, total loss is calculated in accordance with the fixed severity schedule; for the others, total loss is calculated from actual net, modification and pipeline losses Total loss rate is based on a 150 months maturity for deals up to and including CAS 2019-R03 and based on a 240 months maturity for CAS 2019-R05 and onward CAS 2018-C03 G1 CAS 2018-C05 G1 CAS 2018-C06 G1 CAS 2018-R07 G1 CAS 2019-R02 G1 CAS 2019-R03 G1 CAS 2019-R05 G1 CAS 2019-R07 G1 CAS 2020-R01 G1
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