FEDERAL NATIONAL MORTGAGE ASSOCIATION ISSUE SUPPLEMENT. Dated as of September 1, 2007
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1 FINAL VERSION FEDERAL NATIONAL MORTGAGE ASSOCIATION ISSUE SUPPLEMENT Dated as of September 1, 2007 TO REMIC MASTER TRUST AGREEMENT Dated as of August 1, 2007 for GUARANTEED REMIC PASS-THROUGH CERTIFICATES Series Designation Issue Date September 1, 2007 THIS ISSUE SUPPLEMENT accompanies and supplements a certain REMIC Master Trust Agreement, dated as of August 1, 2007 (the Trust Agreement ), published by the Federal National Mortgage Association ( Fannie Mae ). Unless otherwise specified, certain words and phrases appearing herein, characterized by initial capital letters, are defined in such Trust Agreement and will have the meanings so defined. The collective terms of such Trust Agreement and this Issue Supplement will govern the composition of the Trust Fund, the beneficial ownership of which is evidenced by the Series of Certificates having the above designation, and have no applicability to any other trust fund. If any provision of this Issue Supplement conflicts with or contradicts a provision of the Trust Agreement, the provisions of this Issue Supplement will control. By its publication of this Issue Supplement, Fannie Mae will be deemed to have declared its intent that the related Single Tier REMIC formed under the Trust Agreement and this Issue Supplement will constitute, and the affairs of such Single Tier REMIC will be conducted so as to qualify as, a REMIC pursuant to Section 860D of Subchapter M of Chapter 1 of the Code. The date designated as the startup day of such REMIC within the meaning of Section 860G(a)(9) of the Code will be the Settlement Date.
2 Section 1. Applicable Trust Agreement Provisions. The following terms defined in Section 1.01 of the Trust Agreement will have the following meanings for the Series of Certificates authorized hereby: Issue Date: September 1, Prospectus Supplement: The Prospectus Supplement dated September 21, 2007, relating to the Guaranteed REMIC Pass-Through Certificates, Fannie Mae REMIC Trust , as the same may be amended or supplemented from time to time. Residual Certificate: The Class 99-R Certificate. Settlement Date: September 28, Section 2. Additional Provision The initial annual Interest Rates for the Classes listed below will be as follows: FC % MU % FB % MT % FE % FZ % ME % FA % 2
3 EXHIBIT A to Issue Supplement MORTGAGE BACKED SECURITY SCHEDULE A-1
4 FINAL VERSION FEDERAL NATIONAL MORTGAGE ASSOCIATION RCR ISSUE SUPPLEMENT Dated as of September 1, 2007 TO RCR MASTER TRUST AGREEMENT Dated as of August 1, 2007 for GUARANTEED GRANTOR TRUST PASS-THROUGH CERTIFICATES Series Designation Issue Date September 1, 2007 THIS RCR ISSUE SUPPLEMENT accompanies and supplements a certain Trust Agreement, dated as of August 1, 2007, published by the Federal National Mortgage Association ( Fannie Mae ). Unless otherwise specified, certain words and phrases appearing herein, characterized by initial capital letters, are defined in such Trust Agreement and shall have the meanings so defined. The collective terms of such Trust Agreement and this RCR Issue Supplement shall govern the composition of the Trust Fund, the beneficial ownership of which is evidenced by the Series of Certificates having the above designation, and have no applicability to any other trust fund. If any provision of this RCR Issue Supplement conflicts with or contradicts a provision of the Trust Agreement, the provisions of this RCR issue Supplement shall control. With respect to the Series of Certificates having the above designation, Fannie Mae has deposited into the Trust Fund certificates evidencing the Classes of Fannie Mae Guaranteed REMIC Pass-Through Certificates specified in the related Prospectus Supplement and evidencing beneficial interests in the related REMIC Trust, and intends to issue hereunder the separate Combinable Classes and separate RCR Classes specified in the related Prospectus Supplement. NY v.2
5 Applicable Trust Agreement Provisions The following terms defined in Article I of the Trust Agreement have the following meanings for the Series of Certificates authorized hereby: Issue Date: September 1, Prospectus Supplement: The Prospectus Supplement dated September 21, 2007, relating to the Guaranteed REMIC Pass Through Certificates, Fannie Mae REMIC Trust , as the same may be amended or supplemented from time to time. REMIC Trust: Fannie Mae REMIC Trust Settlement Date: September 28, NY v.2 2
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![[Space Above This Line For Recording Data] CONSOLIDATION, EXTENSION, AND MODIFICATION AGREEMENT](/thumbs/89/97992291.jpg "[Space Above This Line For Recording Data] CONSOLIDATION, EXTENSION, AND MODIFICATION AGREEMENT")
[Space Above This Line For Recording Data] CONSOLIDATION, EXTENSION, AND MODIFICATION AGREEMENT WORDS USED OFTEN IN THIS DOCUMENT (A) Agreement. This document, which is dated, and exhibits and riders attached
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