Re-Remic subordinates have had slow prepayments considering the low interest rate environment ($ in thousands) At Issuance / Acquisition As of December 31, 2015 Vintage Type Deal Total Original Face Total of Tranches Sold Total of Tranches Retained Total Remaining Face Remaining Face of Tranches Sold Remaining Face of Tranches Retained 2014 RMBS Securitization(1) CSMC - 2014-4R 367,271 - 367,271 289,507 - 289,507 2010 RMBS Securitization CSMC 2010-1R 1,730,581 691,630 1,038,951 721,971 35,494 686,477 2010 RMBS Securitization CSMC 2010-11R 566,571 338,809 227,762 317,456 104,227 213,229 2009 RMBS Securitization CSMC 2009-12R 1,730,698 915,566 815,132 661,377 151,507 509,870 2009 RMBS Securitization JPMRR 2009-7 1,522,474 856,935 665,539 604,011 206,444 397,567 2009 RMBS Securitization JMAC 2009-R2 281,863 192,500 89,363 107,116 46,904 60,212 TOTAL $6,199,458 $2,995,440 $3,204,018 $2,701,398 $544,576 $2,156,862 % of origination remaining 44% 18% 67% Consolidated RMBS As of December 31, 2015Collateral for this deal was originally part of CSMC 2010-12R The average yield on consolidated retained Subordinate Bonds is over 17%