Wholesale Rate Sheet. Essex News. Important Information Freddie Mac Weekly Primary Mortgage Market Survey Source: Freddie Mac As of April 9, 2015

Transcription

1 Thursday, April 09, 2015 Wholesale Rate Sheet 1100 Town and Country Road, Suite 100 Orange, California Rate Lock Desk Closes At 3:00 PM PST Essex News Program Updates 3.66% 2.93% 2.83% 2.46% N/A N/A Day Lock Extension Fee Maximum Original Principal Balance for Day Lock Extension Fee (w/approved exception) Units Contagious States, DC & Puerto Rico Alaska, Guam, HI & VI 15 Day Relock Fee (plus worse case) $417,000 $625, Day Relock Fee (plus worse case) $533,850 $800,775 Note: Lock Extension and Relock Requests must be ed to Conventional ARMs FHA/VA ARMs FHA Streamline Cut Off Dates March 2015 Last Day for Loan Submission Last Day to Order Loan Docs Last Day to Fund Lock Expiration Dates 15 Day Lock Expires 04/24/ Day Lock Expires 05/09/ Day Lock Expires* 05/24/2015 *45 Day Lock Period Fee (applied manually) cost Lock Extensions and Relock Fees 7 Day Lock Extension Fee Locks@essexmortgage.com ARM Index Libor 1Yr CMT 1Yr Lock Desk Information LOCKS@ESSEMORTGAGE.COM TEL NO Extension 210 & 218 LOCK DESK EFA # Important Information Freddie Mac Weekly Primary Mortgage Market Survey Source: Freddie Mac As of April 9, 2015 Margin Regional Breakdown Average Rates Fees & Points Data Mortgage dba Essex Mortgage is an equal housing lender. CA Dept. of Real Estate License No , CA Dept of Corporations #603G833, NMLS License Data Mortgage Inc. This rate sheet should not be used to determine product eligibility. Certain combinations of fee adjustment factors are ineligible. Please refer to the Program Guide and Eligibility Matrices. For use by mortgage professionals only & should not be distributed to borrowers Yr FRM 15Yr FRM 5/1Yr ARM Government & Conventional Agency Loan Limits General Loan Limits for 2015 $645,300 1Yr ARM The general loan limits for 2015 are unchanged from 2014 (e.g., $417,000 for a 1 unit property in the continental U.S.) amd apply to loans delivered to Fannie Mae in 2015 (even if originated prior to 1/1/2015). Refer to Lender Letter LL for specific requirements. $967,950 $1,202,925 $801,950 Important Notes 1) On a Borrower Paid Transaction (Purchase or Refinance) Broker Compensation must be paid by the Borrower or Seller. Broker comp cannot be paid out of rebate. (2) If rebate is >2% for refinance loan Borrower and Lender Paid Transaction broker must provide Estimated HUD. Closing costs must be equal to or less than the rebate. Mortgagee Clause / Loss Payee Information DATA MORTGAGE INC., DBA ESSEMORTGAGE 1100 W. TOWN AND COUNTRY ROAD, SUITE100 ORANGE, CA FHA HUD ID # VA Lender ID #

2 Thursday, April 09, W. Town & Country Suite #100, Orange CA (714) Office Ext. 225 GOVERNMENT FIED FHA/VA FIED FHA/VA FIED HIGH BAL FHA/VA FIED FHA/VA FIED HIGH BAL FHA 203K Term: 30Yr (360) and 25Yr Term: 30Yr (360) Term: 15Yr (180) Term: 15Yr (180) Term: 30Yr (360) 3030, 3025, 3030FLIP, 3030S, 3030LF, 3030V, 3030VLF & 3030VIR 3030HB, 3030HBFLIP, 3030SHB, 3030VHB & 3030VIRHB 3015, 3015S, 3015FLIP, 3015V & 3015VIR 3015HB, 3015SHB, 3015HBFLIP, 3015VHB & 3015VIRHB 3030K, 3030KS & 3030KHB* Rate 15 Day 30 Day Rate 15 Day 30 Day Rate 15 Day 30 Day Rate 15 Day 30 Day Rate 15 Day 30 Day (2.012) (1.887) (0.838) (0.713) (1.040) (0.915) N/A N/A (1.510) (1.385) (2.530) (2.405) (1.305) (1.180) (1.516) (1.391) N/A N/A (1.985) (1.860) (3.025) (2.900) (1.739) (1.614) (1.983) (1.858) (2.439) (2.314) (3.380) (3.255) (2.044) (1.919) (2.437) (2.312) (0.287) (0.162) (2.767) (2.642) (4.135) (4.010) (2.761) (2.636) (2.715) (2.590) (0.565) (0.440) (2.648) (2.523) (4.610) (4.485) (3.165) (3.040) (3.165) (3.040) (1.015) (0.890) (3.082) (2.957) (5.064) (4.939) (3.538) (3.413) (3.606) (3.481) (1.456) (1.331) (3.497) (3.372) (5.392) (5.267) (3.802) (3.677) (4.045) (3.920) (1.895) (1.770) (3.798) (3.673) (5.273) (5.148) N/A N/A (3.922) (3.797) (1.772) (1.647) (4.769) (4.644) (5.707) (5.582) N/A N/A (6.122) (5.997) N/A N/A GOVERNMENT ARMS FHA/VA 5/1 ARM 3051T FHA/VA 5/1 ARM FHA/VA 5/1 ARM HI BAL 3051THB CHDAP CHDAP 2nd 30Yr Fixed 4030 MANUAL LOCK ONLY NHF SAPPHIRE (CA & NV) FHA/VA 30Yr Fixed 30303NHF & 30303VNHF (3% Grant) USDA USDA 30Yr Fixed 3030USDA Margin: 2.00% Caps: 115 Margin: 2.00% Caps: NHF & 30305VNHF (5% Grant) Rate 15 Day 30 Day Rate 15 Day 30 Day Rate 15 Day 30 Day Rate* Grant % 30 Day Rate 15 Day 30 Day (0.730) (0.605) (0.669) (0.544) % (2.525) (2.400) (1.070) (0.945) (0.970) (0.845) % (2.880) (2.755) (1.398) (1.273) (1.258) (1.133) (3.635) (3.510) (1.643) (1.518) (1.471) (1.346) (4.110) (3.985) (2.016) (1.891) (1.955) (1.830) (4.564) (4.439) (2.329) (2.204) (2.228) (2.103) (4.892) (4.767) (2.626) (2.501) (2.484) (2.359) (4.773) (4.648) (2.850) (2.725) (2.675) (2.550) (5.207) (5.082) (2.804) (2.679) (2.744) (2.619) (5.622) (5.497) Note: Minimum FICO Score required for FHA Arm is 640. FICO Fee Adjustments FICO FICO FICO FICO FICO FICO FICO HI BAL FICO HI BAL FICO HI BAL FICO Occupancy Non Owner Fee (Streamline Only) Government Price Adjustments (FHA / VA / USDA) () () () Program Comments FHA required minimum FICO Score is 640. For FHA/VA FICO <640 please refer Low FICO program. Condos Essex allows only FHA Approved Projects. 15 Day Locks require ALL Prior To Doc Conditions must be cleared first before requesting your lock. We reserve the right to Reject a Lock Request if ALL PTD's are not signed off. Relock Policy: Applicable to all expired locks subject to worse case pricing plus arelock fee. VA Refinance: Only Lender Paid Compensation is permitted. VA IRRRL Minimum FICO is 600 (620+ No Appraisal & N/O/O), SFR, Owner Occupied and Max LTV 100% allowed. FHA 203K must specify if Streamline or Full. FHA Fee Adjustments do apply including the additional applicable 203K fees. If Broker Comp is less than 2.75% then max rebate to borrower cannot exceed (2.25%). The total rebate to broker and borrower after loan fee adjustment cannot exceed (5.00%). Miscellaneous Purchase Special Incentive All VA Fixed Rate Loans FHA Streamline Refinance DTI % & FICO<720 (FHA only)* DTI=>50% & FICO=>720 (FHA only)* DTI=>55% & FICO<720 (FHA only)* FHA Repair (U/W Exception)* 45 Day Lock Period Fee* *Note: Fees are applied / added manually. Loan Amount Fees Loan Amount <$75, Loan Amount $75,000 $99, Loan Amount $75,000 $99, Loan Amount $100,000 $159,999 Loan Amount $160,000 $259, Loan Amount $260,000 $359,999 Loan Amount $360,000 $559,999 Additional Applicable Fees for FHA 203K Loans 203K Fee Streamline/Full $150k $200k 203K Fee Streamline/Full >$200$250k FULL 203K Fee Max Rebate FHA/VA 15Yr Max Rebate FHA/VA ARM () FHA 203K High Bal L/A >$417,000 Maximum Rebate / Price Cap Max Rebate FHA/VA 30Yr Fixed (5.000) (3.250) (2.750) Note: Max Rebate to Borrower for FHA/VA Refinance and Streamlines will be capped Manually at (2.25%) after Fee Adjustments and Broker Compensation. FHA LOW FICO Program Comments Scores allowed, maximum ratio of 43.00% regardless of AUS for all types of transactions. *AUS approve/eligible only. Scores allowed maximum ratio 50% regardless of AUS for all types of transactions:*aus approve/eligible only. SFR or FHA approved Condos, PUDs: NO UNITS. Purchase, Refinance & Streamlines (Streamlines must have full 12 month mortgage history with no late payments). Maximum loan amount $417,000 (or max for county) No High Balance. Minimum 640 FICO for high balance. The SAPPHIRE GRANT Program by NHF (CA & NV) 3% or 5% can be used for down payment, closing costs or origination fee and processing fee. The Grant is forgiven and not required to be repaid ½% Down Payment from Borrower can be a gift. Borrower Paid Only Par Pricing. 1 ½% Maximum Broker Origination Fee and up to $1000 processing fee (paid by buyer, seller, third party, or with Grant Funds). SFR s, PUD s or FHA Approved Condos (Units not allowed) Owner Occupied. Minimum FICO is 620 DU Approval Nonoccupant co signors allowed (income not considered in limitations). 115% of Median Income Limitations (refer to Income calculated per HUD or VA guidelines not by family size Manual Lock Only to Locks@essexmortgage.com (LOAN MUST BE READY FOR DOCS PRIOR TO REQUESTING YOUR LOCK). FHA/VA Fee Adj. and Contract Processing Fee not applicable. Maximum Loan Amount allowed is $417,000 (including UFMIP) NHF Sapphire Rates subject to change without notice. Must Call Lock Desk to confirm current rate. Sapphire CHDAP Program Comments 3% Loan Amt CA Homebuyers Down Pymt Assistance Program CHDAP. Maximum Fees charged to borrower is $250 for Essex Application Fee. For more information please contact your Account Executive. FHA 203K Program Comments Approved 203K brokers only, talk to your AE Minimum loan amount $150,000 FHA 203K must specify if Streamline or Full. FHA Fee Adjustments do apply including the additional applicable 203K fees. This rate sheet is an indication pricing only. Please refer to LEAP (Loan Encompass Application Process) for complete pricing details. Page 1 of 5

3 Thursday, April 09, W. Town & Country Suite #100, Orange CA (714) Office Ext. 225 CONVENTIONAL FIED Conventional Conforming Fixed 30 Year Fixed 25 Year Fixed 20 Year Fixed 15 Year Fixed 10 Year Fixed MP 1015MP Rate 15 Day 30 Day Rate 15 Day 30 Day Rate 15 Day 30 Day Rate 15 Day 30 Day Rate 15 Day 30 Day (0.080) (0.080) (0.381) (0.256) (0.787) (0.662) (1.065) (0.940) (1.065) (0.940) (1.144) (1.019) (1.305) (1.180) (0.244) (0.119) (1.861) (1.736) (1.861) (1.736) (1.834) (1.709) (1.746) (1.621) (0.778) (0.653) (2.440) (2.315) (2.440) (2.315) (2.340) (2.215) (2.189) (2.064) (1.202) (1.077) (3.096) (2.971) (3.096) (2.971) (2.680) (2.555) (2.773) (2.648) (1.494) (1.369) (3.814) (3.689) (3.814) (3.689) (3.240) (3.115) (3.208) (3.083) (1.800) (1.675) (4.420) (4.295) (4.420) (4.295) (3.802) (3.677) (3.576) (3.451) (2.299) (2.174) (4.852) (4.727) (4.852) (4.727) (4.044) (3.919) (3.678) (3.553) (2.653) (2.528) (4.965) (4.840) (4.965) (4.840) (4.282) (4.157) (3.859) (3.734) (2.753) (2.628) (5.089) (4.964) (5.089) (4.964) (5.224) (5.099) (5.224) (5.099) Conforming Fixed High Balance 30Yr Fixed High Balance 25Yr Fixed High Balance 20Yr Fixed High Balance 15Yr Fixed High Balance 1030HB 1025HB 1020HB 1015HB 10Yr Fixed High Balance 1010HB Rate 15 Day 30 Day Rate 15 Day 30 Day Rate 15 Day 30 Day Rate 15 Day 30 Day Rate 15 Day 30 Day (0.215) (0.090) (0.215) (0.090) (0.026) (0.969) (0.844) (0.969) (0.844) (1.508) (1.383) (1.508) (1.383) (0.018) (0.460) (0.335) (0.078) (1.854) (1.729) (1.854) (1.729) (0.239) (0.114) (1.025) (0.900) (0.565) (0.440) (2.217) (2.092) (2.217) (2.092) (0.869) (0.744) (1.445) (1.320) (0.913) (0.788) (2.798) (2.673) (2.798) (2.673) (1.418) (1.293) (1.808) (1.683) (1.135) (1.010) (3.215) (3.090) (3.215) (3.090) (1.784) (1.659) (2.037) (1.912) (1.160) (1.035) (3.457) (3.332) (3.457) (3.332) (2.007) (1.882) (2.142) (2.017) (1.563) (1.438) (3.517) (3.392) (3.517) (3.392) (3.538) (3.413) (3.538) (3.413) FICO Range FICO/LTV Fee Adjusters: All Fixed >15Yr Term LTV Range <= 60% % 75% 80% 85% 90% 95% 97% >= 740 () () () N/A N/A N/A Cash Out Fee Adjusters (All Terms) FICO LTV Range Range <= 60% % 75% 80% 85% 90% 95% 97% >= N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A LPMI Fee Adjustments LPMI Fee Adjustments Fixed (See Programs Comments #7) LTV/FICO MI Coverage % % % Miscellaneous Fee Adjustments (All Terms) Description Fee Purchase Special FICO => 750 Investment Property LTV <=75% Investment Property LTV % Investment Property LTV % Cash Out High Balance L/A >$417,000 Loan Amount <$75,000 () () FICO < 660 Adverse Market Delivery Agency Fee Condo >75% (All Attached and LP Detached) 2 Unit Property LTV <=85% 34 Unit Property LTV <= 80% Loan Amount $100,000 $159,999 Loan Amount $360,000 $559,999 Maximum Rebate / Price Caps Max Rebate 30Yr & 25Yr Fixed Max Rebate 20Yr,15Yr & 10Yr Fixed CA Escrow Waiver (LTV<90%, SFR & Owner Occ) Non CA Escrow Waiver Fee (CO, NV & UT) Loan Amount $75,000 $99,999 High LTV % Loan Amount Fee Adjustments Loan Amount $160,000 $259,999 Loan Amount $260,000 $359, (4.000) (3.250) LPMI Fee Adjustments ARMs (Borrower Paid Comp Only or see notes below)*** LTV/FICO MI Coverage % % % Year Fixed/Arm LPMI Cash Out Refinance Fixed/Arm LPMI Rate/Term Refinance Fixed/Arm LPMI >$417K (High Balance) Fixed/Arm LPMI 2nd Home Fixed/Arm LTV Ratios >95% >95% <= 65% >80% 95% >65%75% >80% 95% Additional LPMI Fees (Fixed/Arm) Loans with Subordinate Financing CLTV Ratios FICO <720 (0.390) (0.280) (0.180) (0.180) ***Important Note: LPMI ARM only allowed on a Borrower Paid Comp or if Seller pays for the Discount Points. >75% >76% 95% FICO >=720 Program Comments For High Balance Loans: Max LTV requiring MI is 85% (except for RT Refi LTV>80% loan amount is limited to $625,500). Restricted Markets: MI not available for LTV >90%. Credit Score determined by Essex. 15 Day Lock Period ALL PTD's must be cleared Expired Locks subject to Relock for worse case pricing plus relock fee. LPMI on Fixed Programs only allowed on Lender Paid Compensation if there's enough rebate to cover LPMI Fees. Otherwise, Loan must either be locked on LPMI on Borrower Paid Compensation or MI will be a borrower paid on a Lender Paid Compensation. Call Lock Desk for any questions. High LTV % Program Comments Borrower Paid Compensation Only. Maximum Origination Fee is 1.75%. Lender Paid MI (LPMI) not allowed only Borrower Paid MI (BPMI). Minimum FICO Score is 680. Page 2 of 5

4 Thursday, April 09, W. Town & Country Suite #100, Orange CA (714) Office Ext. 225 CONVENTIONAL ARMS CONFORMING ARM 5/1 Libor ARM 7/1 Libor ARM 10/1 Libor ARM 1051L 1071L 1010L Margin: 2.25% Caps: 225 Margin: 2.25% Caps: 525 Margin: 2.25% Caps: 525 Index: 1Yr Libor Rate 15 Day 30 Day Rate 15 Day 30 Day Rate 15 Day 30 Day (0.147) (0.022) (0.649) (0.524) (0.003) (0.225) (0.100) (1.158) (1.033) (0.388) (0.263) (0.684) (0.559) (1.668) (1.543) (0.775) (0.650) (1.107) (0.982) (2.160) (2.035) (1.162) (1.037) (1.530) (1.405) (2.647) (2.522) (1.518) (1.393) (1.935) (1.810) (3.145) (3.020) (1.873) (1.748) (2.340) (2.215) (3.648) (3.523) (2.197) (2.072) (2.594) (2.469) (4.044) (3.919) HIGH BALANCE ARM 5/1 Libor ARM HI BAL 7/1 Libor ARM HI BAL 10/1 Libor ARM HI BAL 1051LHB 1071LHB 1010LHB Margin: 2.25% Caps: 225 Margin: 2.25% Caps: 525 Margin: 2.25% Caps: 525 Rate 15 Day 30 Day Rate 15 Day 30 Day Rate 15 Day 30 Day (0.047) (0.273) (0.148) (0.077) (0.470) (0.345) (0.783) (0.658) (0.433) (0.308) () () (1.275) (1.150) (0.788) (0.663) (1.280) (1.155) (1.762) (1.637) (1.112) (0.987) (1.534) (1.409) (2.260) (2.135) (1.436) (1.311) (1.782) (1.657) (2.763) (2.638) (1.646) (1.521) (1.930) (1.805) (3.159) (3.034) CONVENTIONAL ARM PRICE ADJUSTERS Please refer to LEAP/Encompass Product & Pricing System for complete Investor Loan Level Price Adjustments Conventional Conforming ARM Price Adjusters LTV Miscellaneous Fee Adjustments (All Terms) Description <=60% 70% 75% 80% 85% 90% 95% Additional Loan Amount Fee Adjustments Purchase Special FICO => 750 () () Loan Amount <$75,000 Loan Amount $75,000 $99, Loan Amount $75,000$99,999 Loan Amount $100,000 $159,999 Loan Amount $50,000$74,999 Loan Amount $160,000 $259, Loan Amount <$50,000 Loan Amount $260,000 $359,999 Investment Property (Non Owner) N/A N/A Loan Amount $360,000 $559,999 2 Units N/A N/A 34 Units N/A N/A N/A Condominium High LTV ARM Escrow Waiver (CA only is 0.15) FICO FICO FICO FICO N/A N/A N/A Subordinate Financing <=75% LTV % CLTV & <720 FICO N/A N/A N/A N/A <=75% LTV % CLTV & >720 FICO N/A N/A N/A N/A >75% LTV % CLTV & <720 FICO N/A N/A N/A >75% LTV % CLTV & >720 FICO N/A N/A N/A State Adjustments UTAH (UT) California and Colorado (CA, NV & CO) LTV / FICO Adjustments: All Products w/ Terms >15 Yrs 740+ FICO () FICO FICO () () Lock Desk Comments Max Rebate Cap after LLPA is (2.750%) will be applied/enforced before Loan Officer / Broker Compensation. CashOut Refinance LTV / FICO Adjustments (Conforming Loans) Cash Out Refinance LTV/FICO Adjustments: High Balance L/A >$417K FICO / LTV <=60% % <=60% FICO / LTV 70% 80% 85% 70% 75% 80% 85% 90% 740+ FICO FICO N/A N/A N/A FICO FICO N/A N/A N/A FICO FICO N/A N/A N/A FICO FICO N/A N/A N/A FICO FICO N/A N/A N/A FICO FICO N/A N/A N/A FICO FICO N/A N/A N/A Eligibility Matrices. This rate sheet is not for distribution to the general public. Page 3 of 5

5 Thursday, April 09, W. Town & Country Suite #100, Orange CA (714) Office Ext YR FIED JUMBO 2030W (B) 2015W (B) Jumbo 30Yr Fixed Jumbo 15Yr Fixed Investor B (WW) Investor B (WW) Rate 30 Day 45 Day Rate 30 Day 45 Day N/A N/A N/A N/A N/A N/A (0.505) (0.505) (0.275) (0.275) (1.005) (1.005) (0.712) (0.712) (1.505) (1.505) (1.087) (1.087) (1.974) (1.974) (1.400) (1.400) (2.209) (2.209) (1.681) (1.681) (2.459) (2.459) (1.869) (1.869) ESSE PRIME NON AGENCY JUMBO PRODUCTS JUMBO FIED INVESTOR SPECIFIC (C) 15YR FIED JUMBO Program Comments Primary, 2nd Home and Investment Property Additional Reserves Required 80% LTV's available to $1M 45 Day Lock, Non Agency, Manual UW Loan Amount available to $3M Please call your AE for details Call your Account Executive for more details. Max Rebate Cap forjumbo 30yr Fixed is (2.00%) and 15yr Fixed is (1.00%)and wil be applied/enforced before Broker/LO Comp For example, if broker's comp is 2.75% and the net rebate after applicable loan fees (per schedule below) is =>(2.00%) then rebate will be capped to (2.00%). Broker Comp will then be applied thereafter, therefore Borrower will then pay 0.75% cost to cover the entire 2.75 compensation. Must price and lock thru LEAP (EPPS). PRICE ADJUSTMENTS JUMBO FIED / ARM INVESTOR SPECIFIC B LTV/CLTV <= 60% % % % % FICO >= (0.600) (0.600) (0.600) () () () (0.450) (0.300) (0.100) () (0.450) (0.400) (0.300) Loan Balance <= $500k $500k+ to $1.0mm $1mm+ to $1.5mm $1.5mm+ to $2.0mm $2mm+ to $2.5mm $2.5mm+ to $3.0mm $3.0mm+ to $3.5mm $3.5mm+ to $4.0mm $4.0mm+ to $4.5mm $4.5mm+ to $5.0mm Occupancy 2nd Home Investor** Property Types 24 Units Condos Coops Geographic NV Other Cashout DTI > 40 No Escrows (No Impounds) Purchase Special () () () NonCA Special () () () () () 15Year Note: Underlined LLPAs/portions of the matrix indicate eligibility exclusively per the Investor's Titanium High Reserve Loan Program* (*subject to UW review and approval ). Color Key: Expanded Criteria **Note: Investor (non owner) LLPAs/portions of the matrix indicate eligibility exclusively per the Investor Loan Program. Note: Manual Underwriting Only. Consult Guidelines to determine if combination of loan characteristics is allowable. The matrix pricing is not meant to imply guideline/loan approval. JUMBO FIED & ARM INVESTOR SPECIFIC (A) 30YR FIED JUMBO 15YR FIED JUMBO Jumbo 5/1 Libor Arm Jumbo 7/1 Libor Arm Jumbo 10/1 Libor Arm 2030W (A) 2015W (A) 2051WL (A) 2071WL (A) 20101WL (A) Jumbo 30Yr Fixed Jumbo 15Yr Fixed Margin: 2.25% Caps: 225 Margin: 2.25% Caps: 225 Margin: 2.25% Caps: 225 Investor A (WF) Investor A (WF) Investor A (WF) Investor A (WF) Investor A (WF) Rate 30 Day 45 Day Rate 30 Day 45 Day Rate 30 Day 45 Day Rate 30 Day 45 Day Rate 30 Day 45 Day (0.383) (0.383) (0.100) (0.100) (0.340) (0.340) (0.883) (0.883) (0.475) (0.475) (0.086) (0.086) (0.715) (0.715) (1.383) (1.383) (0.850) (0.850) (0.216) (0.216) (0.399) (0.399) (1.090) (1.090) (1.758) (1.758) (1.225) (1.225) (0.466) (0.466) (0.711) (0.711) (1.465) (1.465) (2.133) (2.133) (1.600) (1.600) (0.716) (0.716) (1.024) (1.024) N/A N/A (2.508) (2.508) (1.912) (1.912) (0.966) (0.966) (1.336) (1.336) N/A N/A NonConforming Adjusters Consult guidelines to determine if the combination of loan characteristics is allowable. The matrix pricing is not meant to imply guideline approval. Loan Amount Fees Additional Adjusters <= $417,000 FIED/ARM N/A LTV% & FICO <=60% % % % >$417,000<=$625,500 FIED/ARM 780+ Refi Adjuster Refi Adjuster Refi Adjuster Refi Adjuster 7/1 & 5/1 ARM 10/1 ARM 15Yr Fixed () () () Refi Adjuster 30Yr & 20Yr Fixed Investment Property (Not Applicable on 5/1 ARM) Unit Property Note: Wells Fargo Preferred Payment Plan Option: A 0.25% interest rate reduction is available on Jumbo Non Conforming Loans for borrowers who enroll in the Preferred Payment Plan service with Wells Fargo Bank Account. Please contact your Account Executive for more details. Page 4 of 5

6 Date Thursday, April 09, W. Town & Country Suite #100, Orange CA (714) Office Ext. 225 ESSE PRIME NON AGENCY JUMBO PRODUCTS JUMBO FIED INVESTOR SPECIFIC (C) 30YR FIED JUMBO 15YR FIED JUMBO 5/1 ARM JUMBO 7/1 ARM JUMBO 10/1 ARM JUMBO 2030W (C) 2015W (C) 2051FL (C) 2071FL (C) 20101FL (C) Jumbo 30Yr Fixed Jumbo 15Yr Fixed Jumbo 5/1 Libor Arm Jumbo 7/1 Libor Arm Jumbo 10/1 Libor Arm Investor C (FO) Investor C (FO) Investor C (FO) Investor C (FO) Investor C (FO) Rate 30 Day 45 Day Rate 30 Day 45 Day Rate 30 Day 45 Day Rate 30 Day 45 Day Rate 30 Day 45 Day (0.385) (0.385) (0.760) (0.760) (0.233) (0.233) (1.135) (1.135) (0.508) (0.508) (1.248) (1.248) (0.720) (0.720) (0.020) (0.020) (0.033) (0.033) (1.310) (1.310) (0.845) (0.845) (0.059) (0.059) (0.145) (0.145) (0.095) (0.095) (1.373) (1.373) (0.908) (0.908) (0.078) (0.078) (0.164) (0.164) N/A N/A PRICE ADJUSTMENTS JUMBO FIED / ARM INVESTOR SPECIFIC (C) Category 50% 60% % % % % Cash Out Refinance () () Fixed Rate FICO Less Than 720 () () Fixed Rate FICO 720 to () () Fixed Rate FICO of 750 or Higher Year Term Second Home () () Loans Greater Than $1,500,000 () () NonEscrow () () High Rise Condos () 2 Family () () () Price Caps Maximum price of for any loan with fico below 700. Maximum price of for any loan 700 or higher. Price caps are after any LLPAs (before L/O or Broker Comp) Call your Account Executive for more details. Max Rebate Cap forjumbo 30yr Fixed is (1.75%) and 15yr Fixed is (1.00%)and wil be applied/enforced before Broker/LO Comp For example, if broker's comp is 2.75% and the net rebate after applicable loan fees (per schedule below) is =>(2.00%) then rebate will be capped to (1.75%). Broker Comp will then be applied thereafter, therefore Borrower will then pay 1.00% cost to cover the entire 2.75 compensation. Must price and lock thru LEAP (EPPS). Consult guidelines to determine if the combination of loan characteristics is allowable. The matrix pricing is not meant to imply guideline approval. Bank Statement Product 5/1 ARM Non QM 5/1 ARM Rate Sheet MANUAL LOCK ONLY Non QM 5/1 ARM Products Program Code Series: 800 Borrower Paid Only Caps: 525 / Index: 1Yr LIBOR / Margin: 3.75% Start Rate 30 Day N/A N/A N/A N/A Loan Level Interest Rate Adjustments All adjustments are cumulative Rate Adjustment Interest Only % Alternative Documentation Cash Out Investment Property LTV > 65.00% FICO < 700 DTI > 43% Loan Amount > $1,500,000 Unseasoned Foreclosure/Short Sale/Bk* % % % % % % Primary Borrower must be Self Employed (Co Borrower can be W2) 55% DTI; Qualify at Start Rate FCL, SS, BK and Mods Seasoned 12 Months Min 3 Trade lines, Mortgage History 0x30, 12 mo Description Silver 800 Full Doc % Silver 8213 Alt Doc CPA Letter I/O % * Note : Unseasoned Foreclosure/Short Sale/BK loan time frame is defined as months 13 to 36 after derogatory event. Silver 801 Full Doc I/O Program Comments: Silver 8201 Alt Doc 12 Mos PBS Silver 8202 Alt Doc Net Bus Inc Silver 8203 alt Doc CPA Letter Silver 8211 Alt Doc 12 Mos PBS I/O Silver 8212 Alt Doc Net Bus Inc I/O Silver 840 Asset Depletion Silver 841 Asset Depletion I/O Program Plan Codes Description: Program Plan Code C.1051SF C.1051SFIO C.1051SA1 C.1051SA2 C.1051SA3 C.1051SA1IO C.1051SA2IO C.1051SA3IO C.1051SAD C.1051SADIO Minimum FICO 620 Minimum Loan Amount $50,000 Unlimited Cash Out for all Property Types NO Seasoning on Cash Out 2 Years Self Employment Residual Income required when ratios exceed 43%; Max DTI is 55%; exceptions possible over 55% Interest Only Option Available 3 options to choose for Alternative Income Verification CALL YOUR AE TO DISCUSS THE 3 OPTIONS ON HOW TO QUALIFY YOUR BORROWERS FOR THIS PRODUCT. Page 5 of 5