Uniform Underwriting and Transmittal Summary

Transcription

1 I. Borrower and Property Information Borrower Name Co-Borrower Name Uniform Underwriting and Transmittal Summary Property Address Property Type Project Classification Occupancy Status Additional Property Information 1 unit Freddie Mac Fannie Mae Primary Residence Number of Units 2- to 4-units Streamlined Review P Limited Review New Second Home Sales Price Condominium Established Project Q Limited Review Est. Investment Property Appraised Value PUD Co-op New Project R Expedited New Manufactured Housing Detached Project S Expedited Est. Property Rights Single Wide 2- to 4-unit Project T Fannie Mae Review E PUD 1 Co-op Fee Simple Multiwide Reciprocal Review U FHA-approved F PUD 2 Co-op Leasehold Project Name CMP Project ID# (if any) II. Mortgage Information Loan Type Amortization Type Loan Purpose Lien Position Conventional Fixed-Rate Monthly Payments Purchase First Mortgage FHA Fixed-Rate Biweekly Payments Cash-Out Refinance Amount of Subordinate Financing VA Balloon Limited Cash-Out Refinance (Fannie) USDA/RHS ARM (type) No Cash-Out Refinance (Freddie) (If HELOC, include balance and credit limit) Other (specify) Home Improvement Second Mortgage Construction to Permanent Note Information Mortgage Originator Buydown If Second Mortgage Original Loan Amount Seller Yes Owner of First Mortgage Initial P&I Payment Broker No Fannie Mae Freddie Mac Initial Note Rate % Correspondent Terms Seller/Other Loan Term (in months) Broker/Correspondent Name and Company Name: Original Loan Amount of First Mortgage III. Underwriting Information Underwriter s Name Appraiser s Name/License # Appraisal Company Name SSN SSN Stable Monthly Income Base Income Other Income Positive Cash Flow (subject property) Total Income Qualifying Ratios Primary Housing Expense/Income Total Obligations/Income Debt-to-Housing Gap Ratio (Freddie) Qualifying Rate Note Rate % Above Note Rate % Below Note Rate Bought-Down Rate Other Borrower Risk Assessment Manual Underwriting AUS DU LP Other AUS Recommendation DU Case ID/LP AUS Key# LP Doc Class (Freddie) Representative Credit/Indicator Score % % % % % % % % Co-Borrower Loan-to-Value Ratios LTV CLTV/TLTV HCLTV/HTLTV Level of Property Review Exterior/Interior Exterior Only No Appraisal Form Number: Escrow (T&I) Yes No Total Present Housing Payment: Proposed Monthly Payments Borrower Funds to Close Community Lending/Affordable Housing Initiative Yes Home Buyers/Homeownership Education Certificate in file % % % Borrower s Primary Residence First Mortgage P&I Second Mortgage P&I Hazard Insurance Taxes Mortgage Insurance HOA Fees Lease/Ground Rent Other Total Primary Housing Expense Other Obligations Negative Cash Flow (subject property) All Other Monthly Payments Total All Monthly Payments Required Verified Assets Source of Funds No. of Months Reserves Interested Party Contributions No Yes No % Underwriter Comments

2 MGIC Rate Finder - Plus: Find Rate and Check Eligibility of 2 8/12/ :47 AM NOTE: Rate Finder - Plus uses the attributes submitted to evaluate eligibility under MGIC's current underwriting guidelines and to provide a rate quote. Loans not eligible for an electronic approval may be insurable with additional information. You may contact our Customer Service Team with the reference number provided for more information on your submission. Guidelines are subject to change and may be different when an actual MI application is submitted. Submission of an MI application requires that the insured provides accurate data, documented as specified in MGIC's Underwriting Guide. Select Option: Find Rate and Check Eligibility Check Eligibility Find Rate This option provides a rate quote based on the data you submit. No evaluation of eligibility is made. Complete the fields below and click 'Submit Request'. LOAN INFORMATION Loan Amount: Loan Amortization Term: Loan Instrument: Repayment Type: Loan Purpose: Purpose of Refinance: months (without financed premium) AUS: DU LP Not Applicable DU Recommendation: PROPERTY INFORMATION Property State: Occupancy Type: Appraised Value: BORROWER INFORMATION Representative FICO Score: (Definition. Not used in all states) MI INFORMATION MGIC Program: Premium Type: Coverage: Renewals: Relocation Loan: (Definition) (Definition) % Click here for Standard Agency Coverage Requirements Click here for MGIC's Underwriting Guidelines Summary

3 MGIC Rate Finder - Plus: Find Rate and Check Eligibility of 2 8/12/ :47 AM RATE QUOTE as of 08/12/2009 A Rate Quote does not guarantee underwriting approval. Loans must meet program criteria. A Quote Initial Rate: Initial Monthly Premium: Rate Years 2-10: Rate Years 11 & Greater: Top Mortgage Guaranty Insurance Corporation

4 GOOD FAITH ESTIMATE Applicanls: DEBORAH A. WEBSTER Application No: Webster Jun09 Refi Property Addr: ST NE, MARYSVILLE, WA Date Prepared: 06I29J2009 Prepared By: Loan Program: 3O.YR FIXED The Infonnalion provided belowreflects estimates ofthe cluwges which you..likelyto incur.the...ntof~rloan. The fees listed...estimatt actual charges may be more or less. Your transaction may not Involve a fee tor every Item 1IstacI. The numbers listed beside the estimates generally correspond to the numbered lines contained in the HUD-1 settlement statement which you YJin be receiving at settlement The HlJO-1 settlement statement will show you the actual cost for items paid at settlement PFC =Prepaid Finance Charge F =FHA Allowable Closing C06t Total Loan Amount Interest Rate: % TermlDue In: 380 /380 mths POe = Paid Outside ct Ctosi _... MYAaI IN cotiiic'i1oti WI1H LOAN: A_ PIdd *PFC/F/POC 801 Loan Origination Fee 802 Loan Discount Paid To Lender: Flagstar Bank % 1, , 803 Appraisal Fee Paid To Other: All City Appraisal Credit Report 805 Lender's Inspection Fee 808 Mortgage Broler Fee Paid To Broker: Sound Mortgage. Inc % 2, , 809 Tax Related 8efviee Fee Paid To Lender: Flagslar Bank (89.00).,., 810 Processing Fee Paid To Broker: Sound Mortgage. Inc Underwriting Fee Paid To Lender: Flagstar Bank , 812 Wre Transfer Fee.,., 814 Flood CertifICation Paid To Lender: Flags!ar Bank (8.00) I COMPINMTION 10BROKER (Not Paid Out d Loan Pr'oceeda) TI1LI ClWtGII: PPC/F/f'OC I 1101 CIosinQIEscrow Fee: Paid To Other: First American Title Document Preparation Fee 1106 Notary Fees 1107 Attorney Fees 1108 Title Insurance: Paid To Other: First American Title (1_ ,.RECORDING & 1RMIFIIIt CHARGI8: Recording Fees: Paid To Other: County Authority CitylCounty TaxlStamps: State Tax/Stamps: Amount aoo PaId" PFC/F/POC I 11_ ADDI110NAL 8IT1UMINTCHAIlG18: 1302 Pest Inspection Amount PaId" PPC/FIPOC I... _ BY L&NDIIR 10 MID It ADVANCE: 7, PFC/F/POC I 901 Interest Paid To Lender: Flagstar Bank for 2ctays@ day Mtg Ins. Premium 903 Hazard Ins. Premium VA Funding Fee 1001 Hazard Ins. Premium Paid To Lender: Flag!tar Bank & mth Mtg Ins. Premium Reserves mthsq Imth 1003 SChool Tax mths@ Imth Taxes & Assessment Reserves Flood Insurance Reserves Paid To Lender: Flags1ar Bank FHA Required Investment (-) FHA MI Premium Refund (-) 6 mths m1h mths@ Imth mthsq Imth mths@ Imth 1, , TOTAL D1IMA1IDI1ONTHLV PAYMENT: PFC/F/POC I other Financing (P & I) Real Estate Taxes M Insurance Homec1M'lef Assn. Dues Other Total EstImatH Funds toyou TotalMonthIYPavment ~ This Good Faith Estimate is being prowied by a mortgage broker, and no lender has ~ been obtained. 11Iese... provided pursuant td the RealEstatI Settlement Proced... Act _1174. as amended (RESPA). AdcIIIonaIInfonndon can be found In the HUD Special information IooIdet, which Is to be provided to ~ by ~r mortgage broker or leneler, If~r appiicaiion Is to pure... property and the lender wli tam a first lien on the property. The undersigned acknowledges recei~ of the booklet "Settlement Costs... and I applicable the Consumer Handlook on ARM Mortgages. Applicant DEBORAH A. WEBSTER Applicant Date Calyx Form - gfe.frm (09108)

5 GOOD FAITH ESTIMATE Applicants: Property Addr: Prepared By: DEBORAH A. WEBSTER ST NE, MARYSVILLE, WA Application No: Date Prepared: Loan Program: Webster Jun09 Refi 06/29/ YR FIXED The information provided below reflects estimates of the charges which you are likely to incur at the settlement of your loan. The fees listed are estimates - actual charges may be more or less. Your transaction may not involve a fee for every item listed. The numbers listed beside the estimates generally correspond to the numbered lines contained in the HUD-1 settlement statement which you will be receiving at settlement. The HUD-1 settlement statement will show you the actual cost for items paid at settlement. *PFC = Prepaid Finance Charge Total Loan Amount 272,425 Interest Rate: % Term/Due In: 360 / 360 mths F = FHA Allowable Closing Cost POC = Paid Outside of Closing 800 ITEMS PAYABLE IN CONNECTION WITH LOAN: Amount Paid By * PFC / F / POC 801 Loan Origination Fee 802 Loan Discount Paid To Lender: Flagstar Bank % 1, Appraisal Fee Paid To Other: All City Appraisal Credit Report 805 Lender's Inspection Fee 808 Mortgage Broker Fee Paid To Broker: Sound Mortgage, Inc % 2, Tax Related Service Fee Paid To Lender: Flagstar Bank (69.00) 810 Processing Fee Paid To Broker: Sound Mortgage, Inc Underwriting Fee Paid To Lender: Flagstar Bank Wire Transfer Fee 814 Flood Certification Paid To Lender: Flagstar Bank (8.00) COMPENSATION TO BROKER (Not Paid Out of Loan Proceeds) : Amount PFC 1100 TITLE CHARGES: 1101 Closing/Escrow Fee: Paid To Other: First American Title 1105 Document Preparation Fee 1106 Notary Fees 1107 Attorney Fees 1108 Title Insurance: Paid To Other: First American Title Amount Paid By PFC / F / POC 1200 GOVERNMENT RECORDING & TRANSFER CHARGES: 1201 Recording Fees: Paid To Other: County Authority 1202 City/County Tax/Stamps: 1203 State Tax/Stamps: Amount Paid By PFC / F / POC 1300 ADDITIONAL SETTLEMENT CHARGES: 1302 Pest Inspection Amount Paid By PFC / F / POC Estimated Closing Costs 900 ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE: 901 Interest Paid To Lender: Flagstar Bank for / day 902 Mtg Ins. Premium 903 Hazard Ins. Premium VA Funding Fee 7, Amount Paid By PFC / F / POC 1000 RESERVES DEPOSITED WITH LENDER: 1001 Hazard Ins. Premium Paid To Lender: Flagstar Bank / mth / mth / mth 1002 Mtg Ins. Premium Reserves 1003 School Tax 1004 Taxes & Assessment Reserves 1005 Flood Insurance Reserves Paid To Lender: Flagstar Bank TOTAL ESTIMATED SETTLEMENT CHARGES TOTAL ESTIMATED FUNDS NEEDED TO CLOSE: Purchase Price (+) Loan Amount (-) Alterations (+) 0.00 New First Mortgage(-) Land (+) 0.00 Subordinate Financing (-) Refi (incl. debts to be paid off) (+) 262, CC paid by Seller (-) Est. Prepaid Items/Reserves (+) 1, Est. Closing Costs (+) 5, Amount / mth 1, / mth / mth / mth Estimated Prepaid Items/Reserves 1, , TOTAL ESTIMATED MONTHLY PAYMENT: 272, Principal & Interest 1, Other Financing (P & I) Hazard Insurance Real Estate Taxes Mortgage Insurance Homeowner Assn. Dues Other New 2nd Mtg Closing Costs (+) PMI, MIP, Funding Fee (+) Discount (Borrower paid) (+) 1, FHA Required Investment (-) FHA EEM Improvements (+) FHA MI Premium Refund (-) FHA 203k Rehabilitation Cost (-) 0.00 Total Estimated Funds to you 1, Total Monthly Payment 1, This Good Faith Estimate is being provided by, a mortgage broker, and no lender has been obtained. These estimates are provided pursuant to the Real Estate Settlement Procedures Act of 1974, as amended (RESPA). Additional information can be found in the HUD Special Information Booklet, which is to be provided to you by your mortgage broker or lender, if your application is to purchase residential real property and the lender will take a first lien on the property. The undersigned acknowledges receipt of the booklet "Settlement Costs," and if applicable the Consumer Handbook on ARM Mortgages. Paid By PFC / F / POC Applicant DEBORAH A. WEBSTER Date Applicant Date Calyx Form - gfe.frm (09/08)

6 No. of Pmts Amount of Payments ** TRUTH-IN-LENDING DISCLOSURE STATEMENT (THIS IS NEITHER A CONTRACT NOR A COMMITMENT TO LEND) Applicants: DEBORAH A. WEBSTER Prepared By: Property Address: ST NE MARYSVILLE, WA Application No: Webster Jun09 Refi Date Prepared: 06/29/2009 ANNUAL PERCENTAGE RATE FINANCE CHARGE AMOUNT FINANCED TOTAL OF PAYMENTS The cost of your credit as a yearly The dollar amount the credit will The amount of credit provided to The amount you will have paid rate cost you you or on your behalf after making all payments as scheduled * % * 252, * 266, * 519, REQUIRED DEPOSIT: The annual percentage rate does not take into account your required deposit PAYMENTS: Your payment schedule will be: 359 1, /01/ , /01/2039 Payments No. of Amount of Payments No. of Amount of Payments No. of Amount of Payments Due Pmts Payments ** Due Pmts Payments ** Due Pmts Payments ** Due Monthly Beginning: Monthly Beginning: Monthly Beginning: Monthly Beginning: DEMAND FEATURE: This obligation has a demand feature. VARIABLE RATE FEATURE: This loan contains a variable rate feature. A variable rate disclosure has been provided earlier. CREDIT LIFE/CREDIT DISABILITY: Credit life insurance and credit disability insurance are not required to obtain credit, and will not be provided unless you sign and agree to pay the additional cost. Type Premium Signature Credit Life Credit Disability Credit Life and Disability I want credit life insurance. I want credit disability insurance. I want credit life and disability insurance. Signature: Signature: Signature: INSURANCE: The following insurance is required to obtain credit: Credit life insurance Credit disability Property insurance Flood insurance You may obtain the insurance from anyone you want that is acceptable to creditor. If you purchase property flood insurance from creditor you will pay for a one year term. SECURITY: You are giving a security interest in: ST NE, MARYSVILLE WA The goods or property being purchased Real property you already own. FILING FEES: LATE CHARGE: If a payment is more than 15 days late, you will be charged % of the payment. PREPAYMENT: If you pay off early, you may will not have to pay a penalty. may will not be entitled to a refund of part of the finance charge. ASSUMPTION: Someone buying your property may may, subject to conditions may not assume the remainder of your loan on the original terms. See your contract documents for any additional information about nonpayment, default, any required repayment in full before the scheduled date and prepayment refunds and penalties * means an estimate all dates and numerical disclosures except the late payment disclosures are estimates. * * NOTE: The Payments shown above include reserve deposits for Mortgage Insurance (if applicable), but exclude Property Taxes and Insurance. You are not required to complete this agreement merely because you have received these disclosures or signed a loan application. THE UNDERSIGNED ACKNOWLEDGES RECEIVING A COMPLETED COPY OF THIS DISCLOSURE. Applicant DEBORAH A. WEBSTER Date Applicant Date Applicant Date Applicant Date Lender Date Calyx Form - til.frm (03/09)

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