Mortgage Services III, L.L.C.

Transcription

1 (Bank & Credit Union Partners Only) Market conditions are generally: (compared to previous price sheet) Slightly Worse! December 8, 2017 Rate Sheet Updated as of: CONFORMING -- FIXED RATE PROGRAMS # Year Fixed # Year Fixed # Year Fixed # Year Fixed 3.625% % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % FANNIE MAE (DU) -- CONFORMING ARM PROGRAMS 100% GIFT PROGRAM # (DU) - 5/1 Arm # (DU) - 7/1 Arm # (DU) - 10/1 Arm # Year Fixed Caps: 2/2/5 Margin: Index: Libor Caps: 5/2/5 Margin: Index: Libor Caps: 5/2/5 Margin: Index: Libor 3.750% % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % :30 AM (DU Arm Products: Max LTV = 90%) 100% Gift Parameters # (LP) - 5/1 Arm FREDDIE MAC (LP) -- CONFORMING ARM PROGRAMS # (LP) - 7/1 Arm # (LP) - 10/1 Arm Min FICO = 640 Max DTI = 45% Caps: 2/2/5 Margin: Index: Libor Caps: 5/2/5 Margin: Index: Libor Caps: 5/2/5 Margin: Index: Libor 1-Unit Properties Only 3.250% % % Primary Residence Only 3.375% % % LPMI is available 3.500% % % % % % % % % % % % % % % % % % % % % (LP Arm Products: Max LTV = 95%) FHA / VA PROGRAMS # / # Yr Fixed - FHA/Stream # / # Yr Fixed - VA/IRRRL # / # Yr Fixed - FHA/Stream # Year Fixed - VA 3.500% % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % # VA 30 Yr Cash Out to 100% # VA 15 Yr Cash Out to 100% # Yr VA IRRRL w/no Appraisal # /1 FHA Arm - Treasury 3.500% % % Caps: 1/5 Margin: % % % % % % % % % % % % % % % % % % % % % % % % % # /1 VA Arm - Treasury Expiration Dates 3.500% Price Caps VA Program Notes 3.625% Day 12/26/17 30/25 Yr FHA/VA Programs = VA IRRRL w/no Appraisal is Not Available on 15 Yr 3.750% Day 1/8/18 All Other FHA/VA Programs = The MSI admin fee is NOT charged on the VA programs 3.875% Day 60 Day 90 Day 1/22/18 2/6/18 3/8/18 NEWS & NOTES U/W Turn Times: Working date file moved from Review to UW: In accordance with the final Federal Reserve Board ruling, this published pricing structure may be used in connection with your "Borrower Paid Compensation structures. Please refer to your individual company's executed compensation agreement with MSI, to determine your prescribed premium/commission structure if opting for the "Lender Paid Compensation" structure. Conv: Gov't USDA 12/7 12/7 12/7 For program/pricing on 5-10 financed properties, see online pricing system (OB). Conditions: 12/7 75 & 90 day locks now available on the conforming fixed products! Updated: 12/8 All "Wholesale" transactions must be "Lender Paid Comp". Page 1 of 5

2 High Balance Programs Conventional - High Balance FHA - High Balance FHA Streamline - High Balance VA - High Balance 30 Year Fixed (DU) - # Year Fixed - # Year Fixed - # Year Fixed - # % % % % % % % % % % % % % % % % % % % % % % % % % % % % Conventional - High Balance 15 Year Fixed (DU) - # % VA - Jumbo 3.250% Year Fixed - # % % Same as VA High Balance Pricing 3.625% % FHA High Balance Program VA High Balance & VA Jumbo Program 3.875% Min FICO = 640 (Purchase or R/T Refi) Min FICO: 660 Min FICO = 660 (Cash Out Refi) IRRRL's - Not available Min FICO = 680 (Streamline) Max loan amount = $700,000 Any applicable agency adjusters apply. Conforming Fixed/Arm & High Balance Price Adjustments Loan Amount Misc. Adjustments Current Index $20,000 - $39, Escrow Waiver N/O/O: LTV <= 75.00% Treasury 1.62% $40,000 - $69, Escrow Waiver (Ins Only) N/O/O: LTV 75.01% % Libor 1.997% $70,000 - $99, CA Escrow Waiver (ltv < 90% allowed) N/O/O: LTV 80.01% % Week Ending 12/8 $100,000 - $119, Unit day lock (from 60 day price) * $120,000 -,$249,999 No Adj. Condo - LTV<=75.00% (> 15 yr terms) No Adj. 90 day lock (from 60 day price) * $250,000 - $349, Condo - LTV>75.00% (> 15 yr terms) Fannie 97 (LTV %) No Adj. $350,000 to conf non-hb limit See online (OB) for pricing on 5-10 financed properties * 75 & 90 day lock only available on conforming fixed programs: #300000, #200000, #150000, # State Adjusters CO, NV Agency FICO/LTV Adjustments (Updated 6/25/15) Secondary Financing AZ, NM, UT, WY FICO <=60.00% LTV CLTV FICO AL, CA, FL, IA, ID, IL, IN, KS, KY, No Adj 70.00% 75.00% 80.00% 85.00% 90.00% 95.00% 97.00% < 720 >= 720 Applicable to MI, MN, MO, MT, SD, TN, >= 740 No Adj <= 75 <= VA, WA, WI No Adj all loan terms <= 65 >80 <= AR, GA, LA, MS, NC, NE, OH, OR, No Adj greater than >65 <=75 >80 <= SC No Adj >75 <=90 >76 <= years. OK, PA No Adj >75 <=95 >90 <= TX <= 95 >95 <= Applicable to all loan terms. High Balance Cash Out Refi (in addition to agency) Cash Out - Agency FICO/LTV Adj Cash out adjustments are applicable to all loan terms. Purch, R/T Refi (in addition to agency) FICO <=60.00% LTV/CLTV <= 75% (ARM Only) % 75.00% 80.00% 85.00% LTV/CLTV > 75% <= 90% (ARM Only) >= N/A LTV/CLTV > 90% (ARM Only) N/A Loan amount adj do not apply N/A N/O/O: LTV <= 65%, Min 740 FICO N/A Max loan amount of $625,500 above 80% LTV N/A All loans must meet State/County loan limits N/A Price Cap = , unless otherwise noted N/A N/A N/A N/A All adjustments are cumulative. Conforming Fixed LPMI & Split MI (Not applicable to HB programs) Yr Terms - LPMI Split MI with FICO 740+ LPMI Program #'s LTV Split MIProgram #'s Upfront Upfront Upfront Upfront 30 Yr LPMI - # % Yr Split MI - # LTV.50%.75% 1.00% 1.25% 25 Yr LPMI - # % Yr Split MI - # % Yr LPMI - # % Yr Split MI - # % Yr LPMI - # Yr Term Yr Split MI - # % Yr LPMI - # Yr Split MI - # (Factors listed above indicate monthly MI payment factor in addition to the upfront borrower paid premium & may vary by MI company) Yr Terms - LPMI LPMI Adjustments (in addition to base LPMI adj) LTV % Rate/Term Refi % Second Home % All LPMI adjustments are in addition to the standard agency (FICO/LTV) adjustments. FHA / VA Price Adjustments (Conf & High Balance) Loan Amount FICO Misc. Gov't Program Features $30,000-59, FICO FHA Streamline (Min FICO = 660) * FHA cash out refi max LTV = 85% $60,000 - $99, FICO FHA Streamline w/fico < 660: See page 4 * N/O/O not allowed. $100,000 - $119, FICO FHA Refi (Fixed Only-Non Streamline Doc) * FHA Streamlines - SFR, O/O only $120,000 - $199,999 No Adj. FICO Year Term = Same as 30 yr pricing * # Year Fixed - FHA $200,000 - $249, Year Term = Same as 30 yr pricing * # Year Fixed - VA $250,000 to non-hb limit VA loans not available in DC, MA, NY, RI, WV * # Year Fixed - FHA * # Year Fixed - VA State Adjusters GA, NV, OH AL, AZ, CO, TN, UT AR, CA, FL, IA, ID, IL, IN, KS, KY, LA, MI, MN, MO, MS, MT, NC, NE, NM, OK, OR, PA, SC, SD, TX, VA, WA, WI, WY No Adj. VA ID #: FHA ID #: Page 2 of 5

3 DU Refi Plus Program DU Refi Plus Program DU Refi Plus Program DU Refi Plus Program "Un-Capped" Price Adjustments 30 Year Fixed - # Year Fixed - # Year Fixed - # FICO (all loans) % % % FICO (all loans) % % % Escrow Waiver (80% LTV or below) % % % State adjusters from page 1 apply % % % (Adjustment caps do not apply to these adj) 4.375% % % % % % ** Special Note ** 4.625% % % New LTV/CLTV: 105% / 110% 2nd Homes now available with 680+ FICO 20 & 30 Year Terms 30 Year Terms Only (Applies to all DU Refi Plus programs) FICO <=60.00% FICO <=60.00% % 75.00% 80.00% 85.00% 90.00% 95.00% 97.00%** 105%** 70.00% 75.00% 80.00% 85.00% 90.00% 95.00% 97.00%** 105%** >= 740 No Adj No Adj. No Adj. No Adj. No Adj. No Adj. 2 Unit No Adj No Adj. No Adj. No Adj. No Adj. No Adj. ** High LTV No Adj (Adjustment caps apply to all of the above) No Adj No Adj DU Refi Plus w/mi DU Refi Plus w/mi (Adjustment caps apply to all of the above) 30 Year Fixed - # Year Fixed - # % % NEW Adjustment Caps "Capped" Price Adjustments 4.000% % Term > 20 Years and LTV > 80%.750 CLTV of % % % Term <= 20 Years and LTV > 80% 0 CLTV of % % % All Terms with LTV <= 80% CLTV of % % % nd Homes, all LTV's & Terms Condo w/ltv > 75% (terms > 15 yrs) % % & 20 Year Terms with LTV > 80% No Adj 4.625% % % % LP Relief "Open Access" Program LP Relief Program LP Relief w/mi LP Relief - FICO/LTV Adj. (Applies to 30 Yr Program Only) 30 Year Fixed - # Year Fixed - # FICO <=60.00% % % % 75.00% 80.00% 85.00% 95.00% 97.00%** 105%** 4.000% % >= No Adj. No Adj No Adj. No Adj. No Adj. No Adj % % No Adj No Adj. No Adj. No Adj. No Adj % % % % No Adj % % No Adj % % % Applies to both 30 Yr & 15 Yr Programs: 2 Unit LP Relief Program LP Relief w/mi ** High LTV Year Fixed - # Year Fixed - # No Escrow n/a n/a n/a n/a 3.250% % % % % % New Adjustment Caps Subordinate Financing 3.625% % Yr Fixed w/ltv > 80%.750 CLTV of % % % Yr Fixed w/ltv <= 80% CLTV of % % % Yr Fixed w/ltv > 80% 0 CLTV of % % % Yr Fixed w/ltv <= 80% Loan amount & state adjusters from page 1 apply. Condo's not allowed on this program. (Adj caps include all adjustments EXCEPT escrow waiver and loan amount adj. RURAL DEVELOPMENT # Year Fixed - Rural Housing Loan Amount Adjustments ** Special Note ** 3.500% <= $55, /18/16: Updated Adjusters 3.625% $55,001 - $75, % $75,001 - $100, % $100,001 - $150,000 No Adj % $150, % FICO Adjustments 4.250% FICO % FICO % FICO No Adj % FICO % FICO Max GRH Rate = 4.750% Extended Lock Programs Conforming Fixed Rate Program: FHA / VA Fixed Rate Program: Available on conforming fixed rate only (30 yr, 20 yr, 15 yr, 10 yr) 90 Days:.375 Upfront Fee Available for FHA/VA 30 yr & 15 yr 60 day price minus.250 is used, plus applicable rate add on. (Plus/minus any applicable adjusters) 120 Days:.625 Upfront Fee Upfront fee is non-refundable/not credited & due within 5 days. Refer to chart below for Rate Add On and Refundable Upfront Fee: 150 Days:.875 Upfront Fee 60 day pricing is used. 180 Days: Upfront Fee Indicate desired lock period in comments when locking online. Days Upfront Fee Closing Rate Add-On FHA: All lock periods are available % 0.00% 0.000% VA: Only available for 90 or 120 days (N/A for 150 & 180 days) % 0.00% 0.000% % 0.00% 0.125% % 0.00% 0.250% % 0.00% 0.375% (Upfront fee is due MSI within 5 days of lock and is non-refundable if withdrawn or denied) Once the loan is locked, the upfront fee is owed. Page 3 of 5

4 Jumbo Programs # Year Jumbo # Year Jumbo # Year Jumbo # Year Jumbo 4.250% % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % # /1 Arm # /1 Arm # /1 Arm Caps: 2/2/5 Margin: Index: Libor Caps: 2/2/5 Margin: Index: Libor Caps: 2/2/5 Margin: Index: Libor 3.750% % % % % % % % % % % % % % % Price Adjustments Price Adjustments Program Features Refinance (30 & 20 Yr) Min FICO = 700 (Fixed) <=60% 70% 75% 80% Refinance (15 & 10 Yr) Min FICO = 720 (Arms) FICO: Refinance (5/1 & 7/1 Arm) Max Loan Amount = $3.0 Mil Refinance (10/1 Arm) No Escrow Waiver Fee! nd Home Loan Amounts >= $1.0 mil RATE Adjustment State Pricing Special Preferred Payment Plan (ACH)* -.250% (To Rate) Property: 30 & 20 Year Fixed (IL, KS, MO) Investment Prop N/A N/A N/A * Rate can be reduced by.250% by setting up an 15 & 10 Year Fixed (IL, KS, MO) Unit N/A N/A ACH for monthly payments. Arms (IL, KS, MO) Unit N/A N/A Cash Out N/A N/A Lower FICO FHA/VA Programs FHA/VA: FICO FHA/VA w/fico Adjustments FHA Streamline w/620 Min FICO FHA Streamline w/620 Min FICO Adj. 30 Year Fixed - # FICO No Adj 30 Year Fixed - # FICO % FICO % FICO No Adj 4.500% VA - Purchase Only (#300333) % FICO % $50,000 - $75, % FICO % $75,001 - $125, % % $125,001+ No Adj 4.375% FHA Streamline w/580 Min FICO Adj % % FICO No Adj 5.125% % FICO % % % Loan Amount Adj % $50,000 - $75, FHA Streamline w/fico $75,001 - $125, Year Fixed - # $125,001+ No Adj 4.500% % % % % % HomeReady Home Ready (DU) Home Ready FICO/LTV Adjustments Other Home Ready Adjustments # Year Fixed Unit Property FICO <=60.00% 3.750% % 75.00% 80.00% 85.00% 90.00% 95.00% 97.00% Condo w/ltv % % >= % Home Ready Adjustment Caps 4.125% > 80% LTV and >= 680 FICO: Cap = % > 80% LTV and < 680 FICO: Cap = % < 80% LTV: Cap = % % N/A All conforming loan amount adjustments from page 2 apply. Home Possible Home Possible (LP) MI Coverage Home Possible FICO/LTV Adjustments Program Features # Year Fixed LTV % Coverage LTV <= 80.00% LP is required 3.875% % 25% LTV > 80.00% & FICO < Max LTV: 97% 4.000% % 25% LTV > 80.00% & FICO >= 680 No Adj. Borrower income limits apply 4.125% % 25% Loan amount adjustments from page 2 apply % % 12% Non-Community Sub Fin % % % % Important Information About MSI: Account Executive Brent Wilder bwilder@msiloans.biz Re-Lock Policy 15 Day Relock: Worse Case Pricing Extension Policy 2 Days (Only if 2 is all that is needed) Free! 30 Day Relock: Worse Case Pricing 1-30 Days (Max = 30 days) -.020/day (Max of 2 relocks allowed) ** Rate lock requests accepted until 6:00 pm central time. Overnight price protection is not available. (2nd relock is max of 15 days and requires a closing date) ** Rates/Prices are subject to change without prior notice. Not to be used to determine eligibility. ** All loans must disburse by expiration date and be delivered to MSI within 4 days of disbursement. ** Lower of two median credit scores used for all programs. ** All extension/relock requests must be requested prior to 5 pm ct. Page 4 of 5

5 Medical Doctor Program # Year Fixed - Med Dr. # Year Fixed - Med Dr. # Year Fixed - Med Dr. # Year Fixed - Med Dr % % % % % % % % % % % % % % % % % % % % % % % % % % % % All agency & loan amount adjusters from page 2 apply. LPMI options are also available -- Regular LPMI adjusters apply. Page 5 of 5