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1 Page 1 of 14 HOME CLIENT SIGN UP RATES/GUIDELINES RESOURCES CONTACT US CAREERS Online Mortgage Payments Click here. Sign Up For Rates & Announcements Address SIGNUP> Underwriting Turn Times Currently Working on... DATE COND Files Received: BROKER/CORRESPONDENT 03/06 Next Day Files Received: JUMBO LOANS 03/06 72 HRS Last updated: 9:19:23 AM Broker Login LOGOUT Lock a loan, pipeline... BROKER TOOLS Looking for RATES? RATES *CURRENT RATES: Choose a ratesheet type below Conventional Bonus.250 >=740 w/ LTV <=80 EXTENSION FEES 2.50bps per day Please complete all extension requests on our web site. MORTGAGEE CLAUSE Michigan Mutual, Inc. ISAOA 800 Michigan Street Port Huron, MI FHA ID#: VA ID#: MiMutual Fees Underwriting fee: $ (No fee in NJ) Document Prep fee: $ TEXAS ATTORNEY REVIEW FEES Purchase & rate/term: $ Standard Base Sheet to Zone 5 Ratesheet Archive Date: [Date] Version: Type: Go Borrower Paid Comp Current Pricing - CLICK TO LOCK CONVENTIONAL PRODUCTS LENDER PAID MORTGAGE INSURANCE (LPMI) GOVERNMENT PRODUCTS JUMBO PRODUCTS

2 Page 2 of 14 CONVENTIONAL PRODUCTS RATES & PRICING Conforming 30 Year Fixed Conforming 10 Year Fixed Conforming 15 Year Fixed High Balance Conforming 7/1 Libor ARM Conforming 20 Year Fixed Conforming 30 Year Fixed High Balance Conforming 10 Year Fixed High Balance Conforming 5/1 Libor ARM High Balance Conforming 15 Year Fixed Conforming 20 Year Fixed High Balance Conforming 5/1 Libor ARM Conforming 7/1 Libor ARM High Balance

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4 Page 4 of 14 Conventional Loan Level Price Adjustments (all adjustments are cumulative) Description <= Miscellaneous - LLPA Adjustments (Applies to all programs) >97.01 (DURP ONLY) 2-4 Unit Properties (1.000) (1.000) (1.000) (1.000) (1.000) (1.000) (1.000) (1.000) (1.000) Investment Properties (2.125) (2.125) (2.125) (3.375) (4.125) (4.125)DURP (4.125)DURP (4.125) DURP Condominium (0.750) (0.750) (0.750) (0.750) (0.750) (0.750) HB-ARM (0.750) (0.750) (0.750) (1.500) (1.500) (1.500) NA NA NA FICO >= NA NA NA NA NA (4.125 Standard FICO LLPA Adjustments (Does not apply to amortization terms <=15 Years) FICO => (0.250) (0.250) (0.500) (0.250) (0.250) (0.250) (0.750) NA FICO (0.250) (0.500) (0.750) (0.500) (0.500) (0.500) (1.000) NA FICO (0.500) (1.000) (1.250) (1.000) (1.000) (1.000) (1.500) NA FICO (0.500) (1.250) (1.750) (1.500) (1.250) (1.250) (1.500) NA FICO (0.000) (1.000) (2.250) (2.750) (2.750) (2.250) (2.250) (2.250) NA FICO (0.500) (1.250) (2.750) (3.000) (3.250) (2.750) (2.750) (2.750) NA FICO (0.500) (1.500) (3.000) (3.000) (3.250) (3.250) (3.250) (3.500) NA DU Refi Plus FICO LLPA Adjustments (Does not apply to amortization terms <=15 Years) FICO => (0.250) (0.250) FICO (0.250) (0.250) FICO (0.500) (0.750) (0.500) (0.500) (0.500) (0.500) (0.500) (0.500) FICO (0.500) (0.750) (0.750) (0.750) (0.750) (0.750) (0.500) (0.500) FICO (1.000) (2.000) (3.000) (3.500) (3.500) (3.750) (3.750) (4.000) (4.000) FICO (0.500) (1.250) (2.000) (2.250) (4.250) (4.500) (4.500) (4.750) (4.750) FICO (0.500) (1.500) (3.000) (3.000) (3.250) (3.250) (3.250) (3.500) (3.500) Cash Out LLPA Adjustments (Applies to all programs) FICO => 740 (0.375) (0.625) (0.625) (0.875) NA NA NA NA NA FICO (0.375) (1.000) (1.000) (1.125) NA NA NA NA NA FICO (0.375) (1.000) (1.000) (1.125) NA NA NA NA NA FICO (0.375) (1.125) (1.125) (1.750) NA NA NA NA NA FICO (0.625) (1.125) (1.125) (1.875) NA NA NA NA NA FICO (0.625) (1.625) (1.625) (2.625) NA NA NA NA NA FICO (0.625) (1.625) (1.625) (3.125) NA NA NA NA NA High Balance - LLPA Adjustments (Plus LLPA's above) Purchase/ Rate Term Refinance (0.250) Cashout Refinance (1.000) DU Refi Plus High LTV >= (Plus LLPA's above) DU Refi Plus High LTV (=>20yr - 30yr) (0.500) (1.000) Loan Amount & Misc Adjustments LLPA Subordinate Financing <720 =>720 $150,001 - $424, LTV <65.01 & CLTV (0.875) (0.625) $100, ,000 (0.250) LTV & CLTV (1.125) (0.875) $75, ,000 (0.750) LTV & CLTV (1.375) (1.125) $60,000 - $74,999 (1.500) Any LTV & CLTV > (1.875) (1.875) < $59,999 (2.000) LTV & CLTV (DU Refi Plus) (0.500) (0.250) LTV & CLTV (DU Refi Plus) (0.500) (0.250) LTV & CLTV (DU Refi Plus) (0.250) Any LTV & CLTV > (DU Refi Plus) (1.500) (1.500) Underwriting Buyout Fee Loan Amount 225, ,100 (0.400) Conforming Program Notes Maximum of lender paid compensation to broker and borrower = Loan Amount 150, ,999 (0.700) NOO Minimum loan amt $75,000 Loan Amount 100, ,999 (1.000) 640 Minimum credit score for programs requiring PMI Loan Amount 75,000-99,999 (1.400) MMI to order PMI cert on all LPMI programs, min 660 credit score Loan Amount 60,000-74,999 (1.700) LP AUS (.25) Loan Amount < 59,999 (2.250) Please indicate in the comments section "BUYOUT UNDERWRITING FEE" when locking the loan. Refer to matricies found on our web site for additional information All loan level adjustment are cumulative. Remember to check for multiple adjustments

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6 Page 6 of 14 LENDER PAID MORTGAGE INSURANCE (LPMI) RATES & PRICING Conforming 30 Year Fixed Conforming 15 Year Fixed High Balance Conforming 15 Year Fixed Conforming 30 Year Fixed High Balance

7 Page 7 of 14 LPMI Loan Level Price Adjustments (all adjustments are cumulative) >740 Single Premium LPMI Coverage (35%) N/A (7.000) (5.950) (4.750) (3.750) (30%) (7.950) (5.550) (4.500) (3.450) (2.600) (25%) (6.700) (4.550) (3.700) (2.800) (2.050) (12%) (4.550) (2.850) (2.150) (1.500) (1.100) <25YR Amortization Purchase Rate/Term Refinance HB Adjustment (0.250) (0.250) (0.250) (0.250) (0.250) Loan Size > $424,100 (0.100) (0.100) (0.100) (0.100) (0.100) Second Home (1.230) (0.700) (0.700) (0.490) (0.250) Condo (0.750) (0.750) (0.750) (0.750) (0.750) 2-4 Unit Properties (1.000) (1.000) (1.000) (1.000 (1.000) Loan Amount Adjustments $150, , $100, ,000 (0.250) (0.250) (0.250) (0.250) (0.250) $75, ,000 (0.750) (0.750) (0.750) (0.750) (0.750) $60,000-74,999 (1.500) (1.500) (1.500) (1.500) (1.500) < $59,999 (2.000) (2.000) (2.000) (2.000) (2.000) Underwriting Buyout Fee Loan Amt $225, ,100 (0.400) (0.400) (0.400) (0.400) (0.400) Loan Amt $150, ,999 (0.700) (0.700) (0.700) (0.700) (0.700) Loan Amt $100, ,999 (1.000) (1.000) (1.000) (1.000) (1.000) Loan Amt $75,000-99,999 (1.400) (1.400) (1.400) (1.400) (1.400) Loan Amt $60,000-74,999 (1.700) (1.700) (1.700) (1.700) (1.700) Loan Amt < $59,999 (2.250) (2.250) (2.250) (2.250) (2.250) Please indicate in the comments section "BUYOUT UNDERWRITING FEE" when locking the loan. Subordinate Financing < 720 >= 720 LTV < & CLTV (0.875) (0.625) LTV & CLTV (1.125) (0.875) LTV & CLTV (1.375) (1.125) Any LTV & CLTV > (1.875) (1.875) LPMI Program Notes MMI to order PMI cert on all LPMI programs, min 660 credit score LP AUS (.25) Refer to matricies found on our website for additional information

8 Page 8 of 14 GOVERNMENT PRODUCTS RATES & PRICING FHA 30 Year Fixed (Full & Streamline) FHA 30 Year Fixed HB (Full & Streamline) FHA 5/1 ARM VA 15 Year Fixed FHA 15 Year Fixed FHA 15 Year Fixed High Balance USDA 30 Year Fixed VA 30 Year Fixed High Balance FHA 203k 30 Year Fixed (Full & Streamline) FHA 15 Year 203k (Full & Streamline) VA 30 Year Fixed

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10 Page 10 of 14 FHA / VA / RDA Loan Level Price Adjustments (all adjustments are cumulative) FHA VA RD Loan Amount 150, , Loan Amount 100, ,000 (0.250) (0.250) (0.250) Loan Amount 75,000-99,999 (0.750) (0.750) (0.750) Loan Amount 60,000-74,999 (1.500) (1.500) (1.500) Loan Amount < 59,999 (2.000) (2.000) (2.000) FICO => FICO (0.250) (0.250) (0.250) FICO (1.000) (1.000) (1.000) FICO (1.500) (1.500) (1.500) Misc. Adjustment Manual UW (1.000) NA NA Misc. Adjustment Non-Owner (0.500) NA NA Misc. Adjustment HB 203k Full (1.300) NA NA State adjuster- AL,AR,CT,DE,GA,IA,IL,KS,KY MS,NC,NE,OK,RI,SC,SD,TN,VT,WI (0.050) (0.050) (0.050) AZ,CA,CO,DC,ID,IN,MD,ME,MI,MN MT,NM,NJ,UT,VA,WA,WV,WY (0.100) (0.100) (0.100) UW FEE 225, ,100 (0.400) NA (0.400) UW FEE 150, ,999 (0.700) NA (0.700) UW FEE 100, ,999 (1.000) NA (1.000) UW FEE 75,000-99,999 (1.400) NA (1.400) UW FEE 60,000-74,999 (1.700) NA (1.700) UW FEE < 59,999 (2.250) NA (2.250) Program Notes Please indicate in the comments section "BUYOUT UNDERWRITING FEE" when locking the loan. Standard FHA pricing applies to all loans with a base loan amount <=$424,100 FHA/VA High Balance loans are only available on fixed rate products FHA 203k High Balance is only available on the FULL 203k program VA Loans: No Underwriting Fee Maximum loan amount for loans with a FICO score of = $424,100 Maximum of lender paid compensation to broker and borrower = FHA Lender ID: VA Lender ID:

11 Page 11 of 14 JUMBO PRODUCTS RATES & PRICING Jumbo 30 Year Fixed <=85% Jumbo 5/1 Libor ARM Jumbo 30 Year Fixed High LTV > 80% Jumbo 10/1 Libor ARM Jumbo 15 Year Fixed Jumbo 7/1 Libor ARM

12 Page 12 of 14 Jumbo Loan Level Price Adjustments (all adjustments are cumulative) Loan Amount Loan Amount Loan Amount Loan Amount <= 1,000,000 1,000,001-1,500,000 1,500,001-2,000,000 2,000,001-2,500,000 LTV/CLTV (adjustments based on the higher of the LTV/CLTV) <= (0.125) (0.250) (0.375) NA (0.250) (0.375) NA NA (0.125) (0.250) NA NA NA FICO => (0.250) (1.375) FICO (0.375) (0.625) NA FICO (0.125) (0.375) (0.625) (1.000) NA FICO (0.375) (0.625) NA NA NA Purpose/Property Investment NA NA NA NA Purpose/Property Condo High Rise NA Purpose/Property 2 Unit (0.250) (0.250) NA NA NA NA Purpose/Property Purchase Purpose/Property Escrow Waiver (0.125) (0.125) (0.125) (0.125) (0.125) (0.125) Purpose/Property Cash Out (0.250) (0.250) (0.250) NA NA NA Purpose/Property 2nd Home (0.125) (0.250) (0.375) (0.750) NA NA Product 5/1 ARM & 7/1 ARM (0.125) (0.500) Product 10/1 ARM (0.125) (0.500) (0.500) Product 15yr Fixed (0.250) Product 20yr Fixed Maximum Net Price 30/15yr Fixed ARM <=1,000, >1,000, Program Notes All Loan Level Price Adjustments are based on LTV/CLTV All Jumbo ARM's are based on the 1yr LIBOR Index, a margin, and 2/2/5 caps

13 Page 13 of 14 Jumbo Select 30yr 90%(all adjustments are cumulative) LTV/CLTV (adjustments based on the higher of the LTV/CLTV) No MI No MI Loan Amount <= 1,000, Loan Amount 1,000,001-1,500,000 (0.375) (0.375) Loan Amount 1,500,001-2,000,000 NA NA Loan Amount 2,000,001-2,500,000 NA NA FICO NA NA FICO NA NA FICO NA NA FICO (0.375) (0.625) FICO (0.250) FICO >= Purpose/Property Cash Out NA NA Purpose/Property 2 Unit NA NA Purpose/Property 3-4 Units NA NA Purpose/Property Second Home NA NA Purpose/Property Investment NA NA Purpose/Property Purchase Purpose/Property Non-War. Condo NA NA Purpose/Property Condo-Hotel NA NA Product 5 yr Hybrid NA NA Product 7 yr Hybrid NA NA Product 10 yr Hybrid NA NA Product 15 yr Fixed NA NA Product 20 yr Fixed(add to 30 yr Fixed) Product 30 yr Fixed State Adj FL, NV (0.750) (1.000) State Adj CA (0.125) (0.250) No Escrows (0.250) Maximum Net Price 30yr FRM <=1,000, >1,000, Program Notes All Loan Level Price Adjustments are based on LTV/CLTV All Jumbo ARM's are based on the 1yr LIBOR Index, a margin, and 2/2/5 caps Copyright 2015 by Michigan Mutual Inc. All rights reserved. Privacy NMLS # Check here for Michigan Mutual's NMLS Consumer Access Page. OMBA Exemption License # MBMB OMLA License # SM Michigan Mutual's Disclosure of Licensing 800 Michigan Street, Port Huron, MI CONNECT WITH US:

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