5-yr ARM

30 Years

Rate	15-Day	30-Day	45-Day	60-Day	90-Day	120-Day
4.375	95.059	94.909	94.759	94.609	94.159	93.909
4.500	95.401	95.251	95.101	94.951	94.501	94.251
4.625	95.734	95.584	95.434	95.284	94.834	94.584
4.750	96.062	95.912	95.762	95.612	95.162	94.912
4.875	96.395	96.245	96.095	95.945	95.495	95.245
5.000	96.721	96.571	96.421	96.271	95.821	95.571
5.125	97.048	96.898	96.748	96.598	96.148	95.898
5.250	97.315	97.165	97.015	96.865	96.415	96.165
5.375	97.565	97.415	97.265	97.115	96.665	96.415
5.500	97.812	97.662	97.512	97.362	96.912	96.662
5.625	98.051	97.901	97.751	97.601	97.151	96.901
5.750	98.236	98.086	97.936	97.786	97.336	97.086
5.875	98.409	98.259	98.109	97.959	97.509	97.259
6.000	98.615	98.465	98.315	98.165	97.715	97.465
6.125	98.850	98.700	98.550	98.400	97.950	97.700
6.250	99.035	98.885	98.735	98.585	98.135	97.885
6.375	99.208	99.058	98.908	98.758	98.308	98.058
6.500	99.381	99.231	99.081	98.931	98.481	98.231
6.625	99.554	99.404	99.254	99.104	98.654	98.404
6.750	99.726	99.576	99.426	99.276	98.826	98.576
6.875	99.901	99.751	99.601	99.451	99.001	98.751
7.000	100.026	99.876	99.726	99.576	99.126	98.876
7.125	100.126	99.976	99.826	99.676	99.226	98.976

Extended Lock Fees

Extended Locks	Upfront fee
120 Day	.500

Margins

Factors	Margin	Conversion
Conforming	2.250	0.375
Conforming Stimulus	2.250	N/A

Caps
Max Net Price	102.000
Max Premium	30,000
Life Cap	5%
Periodic Cap	Loans may adjust to Life Cap on first adjustment, then 2% on all following adjustments, not to exceed the Life Cap.

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: 5-year ARM