FNMNT - Payment Rates

FNMNT Home | Delinquencies | Charge-offs | Finance Charge Yield | Payment Rate

Net Payment Rate Percentage By Vintage Segment as of 12/31

	As of 03/31	Performance Year
	2008	2007	2006	2005	2004	2003	2002	2001
2008 Originations
2007 Originations	14.64%	18.38%
2006 Originations	20.63%	25.26%	14.14%
2005 Originations	21.86%	23.18%	24.72%	9.73%
2004 Originations	24.92%	26.13%	29.07%	18.28%	0.00%
2003 Originations	15.09%	15.82%	19.28%	16.49%	18.88%	14.25%
2002 Originations	11.33%	11.74%	16.57%	16.39%	17.19%	47.35%	17.76%
2001 Originations	10.37%	10.69%	14.10%	13.82%	14.22%	23.95%	15.46%
2000 Originations	9.67%	9.94%	14.89%	13.95%	13.04%	13.09%	12.58%
Pre 2000 Originations	9.00%	9.16%	15.11%	13.81%	12.92%	12.05%	12.35%	13.29%

Payment rate percentage for any vintage segment is calculated as percentage of total payments for the vintage segment by the total credit card receivables for each vintage segment.

Total payments for each vintage segment includes total payments received less any payments that were reversed due to return or adjustment.

Historical data as presented in prospectuses for FNMNT is calculated using the prior month total receivable outstandings instead of vintage segment total receivables as defined above. Therefore, the historical data presented in FNMNT prospectuses and the static pool data above are not directly comparable.

The static pool information includes data for accounts from (i) the beginning of the year in which the account is added to FNMNT if the account was originated in a prior year or (ii) the date of origination of the account if the account is added to FNMNT during the year it was originated. Historical data as presented in prospectuses for FNMNT includes data for accounts from the beginning of the month they are added to FNMNT. Therefore, the historical data presented in FNMNT prospectuses and the static pool data are not directly comparable with respect to this data.