3-yr ARM

30 Years

Rate	15-Day	30-Day	45-Day	60-Day	90-Day	120-Day
4.250	96.771	96.621	96.471	96.321	95.871	95.621
4.375	97.013	96.863	96.713	96.563	96.113	95.863
4.500	97.260	97.110	96.960	96.810	96.360	96.110
4.625	97.497	97.347	97.197	97.047	96.597	96.347
4.750	97.714	97.564	97.414	97.264	96.814	96.564
4.875	97.931	97.781	97.631	97.481	97.031	96.781
5.000	98.094	97.944	97.794	97.644	97.194	96.944
5.125	98.240	98.090	97.940	97.790	97.340	97.090
5.250	98.445	98.295	98.145	97.995	97.545	97.295
5.375	98.669	98.519	98.369	98.219	97.769	97.519
5.500	98.819	98.669	98.519	98.369	97.919	97.669
5.625	98.936	98.786	98.636	98.486	98.036	97.786
5.750	99.074	98.924	98.774	98.624	98.174	97.924
5.875	99.248	99.098	98.948	98.798	98.348	98.098
6.000	99.383	99.233	99.083	98.933	98.483	98.233
6.125	99.504	99.354	99.204	99.054	98.604	98.354
6.250	99.727	99.577	99.427	99.277	98.827	98.577
6.375	99.986	99.836	99.686	99.536	99.086	98.836
6.500	100.137	99.987	99.837	99.687	99.237	98.987
6.625	100.249	100.099	99.949	99.799	99.349	99.099
6.750	100.361	100.211	100.061	99.911	99.461	99.211
6.875	100.461	100.311	100.161	100.011	99.561	99.311
7.000	100.536	100.386	100.236	100.086	99.636	99.386
7.125	100.611	100.461	100.311	100.161	99.711	99.461

Extended Lock Fees

Extended Locks	Upfront fee
120 Day	.500

Margins

Factors	Margin	Conversion
Conforming	2.250	0.375
Jumbo	2.500	N/A

Caps
Max Net Price	102.000
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: 3-year ARM