7-yr ARM

30 Years

Rate	15-Day	30-Day	45-Day	60-Day	90-Day	120-Day
5.250	96.021	95.871	95.721	95.571	95.121	94.871
5.375	96.397	96.247	96.097	95.947	95.497	95.247
5.500	96.713	96.563	96.413	96.263	95.813	95.563
5.625	97.007	96.857	96.707	96.557	96.107	95.857
5.750	97.233	97.083	96.933	96.783	96.333	96.083
5.875	97.439	97.289	97.139	96.989	96.539	96.289
6.000	97.754	97.604	97.454	97.304	96.854	96.604
6.125	98.091	97.941	97.791	97.641	97.191	96.941
6.250	98.259	98.109	97.959	97.809	97.359	97.109
6.375	98.390	98.240	98.090	97.940	97.490	97.240
6.500	98.672	98.522	98.372	98.222	97.772	97.522
6.625	99.003	98.853	98.703	98.553	98.103	97.853
6.750	99.235	99.085	98.935	98.785	98.335	98.085
6.875	99.445	99.295	99.145	98.995	98.545	98.295
7.000	99.606	99.456	99.306	99.156	98.706	98.456
7.125	99.755	99.605	99.455	99.305	98.855	98.605
7.250	99.880	99.730	99.580	99.430	98.980	98.730
7.375	99.980	99.830	99.680	99.530	99.080	98.830
7.500	100.030	99.880	99.730	99.580	99.130	98.880

Extended Lock Fees

Extended Locks	Upfront fee
120 Day	.500

Margins

Factors	Margin	Conversion
Conforming	2.250	N/A
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

Flexible Adjustments		Price Adjustments
LTV	<70	70-80	80.01-90	>90
Flex Add-on	NA	-0.250	-0.250	-0.250
Flex 97	NA	NA	NA	-0.500
Flex Combination	NA	-1.500	NA	NA

My Community Mortgages	Rate Adjustments
MCM	+0.250%
Price Adjustments
Loan Amount <35K	-1.000
Loan Amount 35K-74,999	-0.500
MCM	-1.000
Non-MCM Second Attached	-0.500

RATE SHEET: 7-year ARM