CRT-Eligible Profile Summary
32
Remaining Limit of the Initial Pool UPB (%)
Limit of Liability Step Down
Expected Scenario - Illustration
4.20%
4.00%
3.80%
3.60%
3.40%
3.20%
3.00%
2.80%
2.60%
2.40%
2.20%
2.00%
1.80%
1.60%
1.40%
1.20%
Balance Paydown Remaining Limit (%)
100%
1.00%
0.80%
0.60%
0.40%
0.20%
0.00%
0 12
24
36
48
88
© 2024 Fannie Mae
Termination
Option
80%
60%
40%
UPB Outstanding (%)
Step down typically begins at Month 12
following the effective date and monthly
thereafter
Remaining Limit of Liability will be reduced
based on the paydown of the covered pool and
balance of delinquent loans
Limit step down beneficial to reinsurers as
collateral requirement declines
Fannie Mae has early termination option,
typically at Month 60, or thereafter
20%
0%
60
72
84
96
108
120
132
144 150
Months Since InceptionView entire presentation