1-yr ARM

30 Years

Rate	15-Day	30-Day	45-Day	60-Day	90-Day	120-Day
7.250	100.475	100.325	100.175	100.025	99.575	99.325
7.375	100.600	100.450	100.300	100.150	99.700	99.450
7.500	100.725	100.575	100.425	100.275	99.825	99.575
7.625	100.850	100.700	100.550	100.400	99.950	99.700
7.750	100.975	100.825	100.675	100.525	100.075	99.825
7.875	101.100	100.950	100.800	100.650	100.200	99.950
8.000	101.225	101.075	100.925	100.775	100.325	100.075
8.125	101.350	101.200	101.050	100.900	100.450	100.200
8.250	101.475	101.325	101.175	101.025	100.575	100.325
8.375	101.600	101.450	101.300	101.150	100.700	100.450
8.500	101.725	101.575	101.425	101.275	100.825	100.575
8.625	101.850	101.700	101.550	101.400	100.950	100.700
8.750	101.975	101.825	101.675	101.525	101.075	100.825
8.875	102.100	101.950	101.800	101.650	101.200	100.950
9.000	102.225	102.075	101.925	101.775	101.325	101.075
9.125	102.350	102.200	102.050	101.900	101.450	101.200
9.250	102.475	102.325	102.175	102.025	101.575	101.325
9.375	102.600	102.450	102.300	102.150	101.700	101.450
9.500	102.725	102.575	102.425	102.275	101.825	101.575
9.625	102.850	102.700	102.550	102.400	101.950	101.700
9.750	102.975	102.825	102.675	102.525	102.075	101.825
9.875	103.100	102.950	102.800	102.650	102.200	101.950
10.000	103.225	103.075	102.925	102.775	102.325	102.075

Extended Lock Fees

Extended Locks	Upfront fee
120 Day	.500

Margins

Factors	Margin	Conversion
Conforming	2.250	0.375
Jumbo	2.250	0.750
Super Jumbo	2.250	N/A

Caps
Max Net Price	101.000
Max Net Price: Refis < 15 Months	100.500
Max Premium	30,000
Life Cap	6%
Periodic Cap	2%

Price Adjustments
LTV	<=60	60.01-65	65.01-70	70.01-75	75.01-80	80.01-85	85.01-90	>90
FICO
FICO >=740	+0.250	-	-	-	-	-	+0.250	-
FICO 720 - 739	+0.250	-	-	-	-0.250	-	+0.250	-
FICO 700 - 719	+0.250	-0.500	-0.500	-0.500	-0.750	-0.500	-0.250	-0.500
FICO 680 - 699	-	-0.500	-0.500	-0.500	-1.000	-0.500	-0.250	-0.500
FICO 660 - 679	-	-0.500	-0.500	-1.250	-1.750	-1.500	-1.000	-1.250
FICO 640 - 659	-	-0.500	-0.500	-1.750	-2.250	-2.000	-1.500	-1.750
FICO 620 - 639	-	-0.750	-0.750	-2.500	-2.750	-2.750	-2.250	-2.500
FICO <620	-	-0.750	-0.750	-2.750	-2.750	NA	NA	NA
Cash-Out Refinance
FICO >=740	-	-	-	-	-0.250	-0.375	-0.375	NA
FICO 700 - 739	-	-0.125	-0.125	-0.125	-0.500	-1.000	-0.500	NA
FICO 680 - 699	-	-0.250	-0.250	-0.250	-0.875	-2.000	-1.500	NA
FICO 660 - 679	-	-0.250	-0.250	-0.250	-1.000	NA	NA	NA
FICO 640 - 659	-	-0.750	-0.750	-0.750	-1.750	NA	NA	NA
FICO 620 - 639	-	-0.750	-0.750	-0.750	-2.250	NA	NA	NA
FICO <620	-1.000	-1.750	- 1.750	-1.750	-2.750	NA	NA	NA
Other Adjustments
Convertibility (3/1 & 5/1)	-0.250	-0.250	-0.250	-0.250	-0.250	-0.250	-0.250	-0.250
Escrow Waiver (Except: ID,NV,CA,MT,OR,NY,WA)	-0.200	-0.200	-0.200	-0.200	-0.200	NA	NA	NA
Interest Only (3/1 & 5/1)	-0.250	-0.250	-0.250	-0.250	-0.250	-0.250	-0.250	-0.250
Interest Only 7/1	-0.150	-0.150	-0.150	-0.150	-0.150	-0.150	-0.150	-0.150
Investment	-1.750	-1.750	-1.750	-1.750	-3.000	NA	NA	NA
Loan Amount <35K	-1.000	-1.000	-1.000	-1.000	-1.000	-1.000	-1.000	-1.000
Loan Amount 35K-74,999.99	-0.500	-0.500	-0.500	-0.500	-0.500	-0.500	-0.500	-0.500
Property Type
2 Units	-0.500	-0.500	-0.500	-0.500	-0.500	-0.500	-0.500	-0.500
3-4 Units	-1.000	-1.000	-1.000	-1.000	-1.000	NA	NA	NA
Secondary Financing Attached
Non-IO: CLTV/HCLTV >90	-	-	-0.250	-0.250	-0.250	-0.250	-0.250	-0.250
Non-IO: CLTV/HCLTV 75.01-90 FICO <720	-	-	-	-	-0.250	-0.250	-0.250	NA
IO: CLTV/HCLTV>90 FICO >=720	-	-	-0.250	-0.250	-0.250	-0.250	-0.250	-0.250
IO: CLTV/HCLTV>90 FICO <720	-	-	-0.500	-0.500	-0.500	-0.500	-0.500	-0.500
IO: CLTV/HCLTV 75.01-90 FICO >=720	-	-	-	-	-0.250	-0.250	-0.250	NA
IO: CLTV/HCLTV 75.01-90 FICO <720	-	-	-	-	-0.500	-0.500	-0.500	NA
Conforming Plus Add-ons
LTV/CLTV/HCLTV	<=60	60.01-65	65.01-70	70.01-75	75.01-80	80.01-85	85.01-90	>90
Conforming Plus	-1.250	-1.250	-1.250	-1.250	-2.000	-2.000	-2.000	NA
Cash-Out Refinance	-1.000	-1.000	-1.000	-1.000	NA	NA	NA	NA
Rate & Term Refinance	-	-	-	-	-0.500	-0.500	-0.500	NA
Interest Only	-1.250	-1.250	-1.250	-1.250	-1.250	-1.250	-1.250	NA

RATE SHEET: 1-year ARM