Crescent Mortgage Company 5901 Peachtree Dunwoody Road NE, Bldg C, Suite 250 Atlanta, GA 30328

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1 (800) Wednesday, February 20, 2013 Crescent Mortgage Company 5901 Peachtree Dunwoody Road NE, Bldg C, Suite 250 Atlanta, GA EST Market Update: 2/20/2013 MBA Mortgage Applications -1.7% Last Week. Housing Starts -8.5% to 890K units in Jan. Permits +1.8% to 925K. PPI +0.2% in Jan, Ex Food & Energy +0.2%. Fed Releases Minutes From Jan FOMC Meeting at 2:00 EST. 30 Yr. Bond Yield 3.212, 10 Yr. Bond Yield 10:40am EST Marketing Department Information Table Of Contents Marketing@CrescentMortgage.net Page 1 Cover Page FAX: Locks Only Page 2 Conventional Fixed and ARM Rates are good through: 10:00AM the following business day Page 3 DU Refi Plus / HomePath *** RATES SUBJECT TO CHANGE WITHOUT NOTICE. Page 4 LP Open Access / Super Conforming Lock Periods: Page 5 FHA / VA and USDA 15 Day - Approved Loans Only Page 6 Jumbo Fixed and ARM 30 Day, 45 Day * Refinance Transactions limited to 45 Day Locks * Announcements - 9/7/ Day for Purchase Transactions or Construction Perm Refi ONLY We are now accepting MI transfers from UG on HARP Not Allowed: Ground Leases, Loans in Michigan, Dade or Broward County FL, and ONLY in Cook County, IL if you are a bank or credit union. NO locks on TBD addresses. programs. UG will charge a.50pt fee for the transfer. Your lock price will be adjusted for this fee. Marketing and Rate Lock Extension Policy 3 day right-of rescission not counted in lock, loan must close by expiration date. Crescent Mortgage offers overnight price protection until 10:00 am Eastern time unless pricing suspended / changed. Locks that expire on weekend or holiday automatically are extended to following business day. Crescent Mortgage closely monitors lock fall out and pull through. Once expired, relocks are based on worse of original price or current market. These fees are incurred regardless if current market is better or worse than original lock price. *** 1) There is no fee for a 1 time only 1 day extension if no other extensions have been made. 2) The fee is 0.10 (10 bps) for a 5 calendar day extension. 3) The fee is 0.20 (20 bps) for a 10 calendar day extension. 4) The fee is 0.30 (30 bps) for a 15 calendar day extension. 5) Once a loan has been extended a total of 15 days, then any additional extension will be worse case price. Re-Locking Expired Locks Locks that expire can be re-locked for a maximum of 15 days. Such loans must be re-locked off of worse case pricing when comparing original market to current market. All re-locks will cost at least.30pt, but could be more depending on current market. Locks that have been expired for 60 days or more will be relocked at current market. Fees: Broker Correspondent Funds Correspondent Funds CMC Docs Correspondent Docs Conventional Conforming $ 695 $595 $495 FHA $ 795 $595 $495 VA $ 695 $595 $495 VA IRRRL No Separate Admin Fee on VA IRRRL (See Rate Sheet for price adjustment) Rural Housing $ 695 $595 $495 Jumbo $ 795 $695 N/A Flood Cert $ 10 $10 $10 CRESCENT ACCOUNT EXECUTIVES Important Links Alex Williams VP Sales & Marketing Lock Policy Amy Smith DC, VA, DE, MD Conforming Product Profile Ashli Matson GA FHA Product Profile Bob Capodieci CT, MA, ME, NH, VT, RI VA Product Profile Bob Shellenberger FL USDA Parameters Bryan Rivas WA, OR, ID Jumbo Parameters Bryan Sherrill KY, WV Fannie Mae HomePath Parameters Chris Cole North TX, OK Chris Pickrell IN, OH, PA File Submission Conventional Checklist Dawn Cooley CO, UT, WY, MT File Submission FHA Checklist Drais Von Hagen TN File Submission Rural Housing Checklist Gwen Flack IL, KS, MO, ND, SD File Submission VA Checklist Katherine Leddy South TX FHA Case Number Order Leslie Roberts NC, SC (Sponsored Originator) Rick McKinley IA, MN, ND, SD, WI Appraisal Order Form Sherry Orton AL Shy Tittlebaum LA, MS, AR Early TIL Request Change in Circumstance Training Calendar Crescent Express Quick Reference Guide THIS RATE SHEET IS FOR MORTGAGE PROFESSIONALS ONLY, NOT FOR PUBLIC CONSUMPTION. CMC Rates are price indications only and are subject to change without notice

2 DATE: 02/20/13 EXPIRATION DATES (Must close by expiration date) Conventional Conforming Fixed / ARM Effective EST PURCHASE Transaction INCENTIVE Fixed Rate Conforming Programs (This page only) 15 DAY 03/07/13 45 DAY 04/06/13 1 Unit Primary Owner Occp, Purchase Transactions 30 DAY 03/22/13 60 DAY 04/21/13 LIBOR 12 MONTH Loan Amounts over $100k up to $417k 15 Day Lock for Approved Loans only. 60 Day Lock for Purchase or Const/Refi only. Minimum Score 660 * Refinance Transactions limited to 45 Day Locks * Improve pricing by.25pt Fannie Mae Fixed Rate (DU) 30 Year FNMA 20 Year FNMA 15 Year FNMA 15 Days 30 Days 45 Days 60 Days 15 Days 30 Days 45 Days 60 Days 15 Days 30 Days 45 Days 60 Days Year FNMA Improve 15 Year FNMA price by.10pt yr adjustment is subject to change without notice Freddie Mac Fixed Rates (LP) 30 Year FHLMC 20 Year FHLMC 15 Year FHLMC 15 Days 30 Days 45 Days 60 Days 15 Days 30 Days 45 Days 60 Days 15 Days 30 Days 45 Days 60 Days No FHLMC 10 Yr Product available at this time LIBOR ARM Adjustments for NO ADMIN FEE Program Only 5/1 LIBOR ARM 7/1 LIBOR ARM 10/1 LIBOR ARM Rate 30 Days Rate 30 Days Rate 30 Days Loan Amount $25,000 to $59, Loan Amount $60,000 to $74, Loan Amount $75,000 to $99, Loan Amount $100,000 to $124, Loan Amount $125,000 to $149, Loan Amount $150,000 to $174, Loan Amount $175,000 to $199, Loan Amount $200,000 to $224, Loan Amount $225,000 to $249, Loan Amount $250,000 to $274, Loan Amount $275,000 to Limit /1, 7/1 & 10/1 LIBOR ARM NOTES : 45 Day Lock subtract pt 30 Year FNMA No Admin Fee DU or *LP. 30 Yr Term Only. 60 Day Lock subtract pt 30 Year FHLMC No Admin Fee Caps 5/2/5, Index 1 Yr LIBOR, 2.25 Margin. *LP Approved - subtract.35pt from price Loan Amt Price Adjustments for No Admin Fee FNMA/FHLMC 30YR Fixed Programs Only Risk Based Pricing LTV / Credit Score Grid Cash Out Refinances LTV / Credit Score Grid LTV LTV Credit Score < = 60 > 60 <= 70 >70 < = 75 >75 < = 80 >80 < = 90 >90 < = 97 Credit Score < = 60 > 60 <= 70 >70 < = 75 >75 < = 80 >80 < = 85 >= => & <= >= 720 & <= & <= >= 700 & <= & <= >= 680 & <= & <= >= 660 & <= NA NA 640 & <= >= 640 & <= NA NA 620 & <= N/A >= 620 & <= NA NA NA < 620 N/A N/A N/A N/A N/A N/A < 620 NA NA NA NA NA Risk based pricing adjustments apply to all conventional conforming loans except Cash Out adjustments apply to all conventional loans. loans with terms of 180 months or less. ** Texas Cash-Out under $100,000 additional price adj = -.50pt Other Adjustments Add to Price LTV Range CLTV Range Score <720 Score >=720 Loan Amount <=65% >80% <=95% >= $200, >65% <=75% >80% <=95% $50,000 to $99, >75% <=95% >90% <=95% $25,000 to $49, >75% <=90% >76% <=90% < $25, <=95 >95% <=97% High LTV (97% LTV) >95 and <= 97 Purchase & R/T Fixed DU Only Escrow Waiver Owner Occp with Score >= 660 & LTV <= 80% LPMI State Adjusters (Fixed Rate Only) 30,25,20 Yr 15 & 10 Yr Primary - Purchase/Rate/Term >=740 (0.990) (1.370) (2.150) (3.080) TX Primary - Purchase/Rate/Term (1.120) (1.720) (2.350) (3.080) SC Primary - Cash-Out >=740 (1.490) n/a n/a n/a GA, KS, MO, ND, OK, OR, PA Primary - Cash-Out (1.820) n/a n/a n/a CO, CT, FL, ID, LA, MA, ME, MS, NC, NH, RI, SD, TN, UT, VT, WA, WY SecondHome Purch/RateTerm >=740 (1.240) (1.620) n/a n/a AL, AR, DE, IL, IN, KY, MD, MN, NE, OH, VA, WI SecondHome Purch/RateTerm (1.610) (2.210) n/a n/a 2-4 Units Investment Property No Condos - Minimum $50,000 Loan Amt Fannie Mae ONLY To 75 LTV 1 Unit Multiple Financed Properties - INVESTOR and Second Home loans with Purchase Only >> To MAX 80 LTV 1 Unit to 10 financed properties - Adjust pricing by -1.50pt To MAX 75 LTV 2-4 Units Condos Primary Owner Occupied Only LTV > 75%

3 Fannie Mae DU Refi Plus / HomePath Date: 2/20/2013 Effective: EXPIRATION DATES (Must close by expiration date) 15 DAY 03/07/13 45 DAY 04/06/13 30 DAY 03/22/13 60 DAY 04/21/13 Fannie Mae DU Refi Plus 30 yr FNMA DU Refi Plus 20 yr FNMA DU Refi Plus 15 yr FNMA DU Refi Plus 15 Days 30 Days 45 Days 15 Days 30 Days 45 Days 15 Days 30 Days 45 Days YR FNMA DU Refi Plus Same price as 15 Year FNMA DU Refi yr adjustment is subject to change without notice DU Refi Plus Agency Price Adjusters Price Cap for FNMA Fees Price CAP Primary Residence LTV >80% / Amort Term > DU Refi Plus loans will have a cumulative delivery fee cap. Other CMC fees may still apply. Primary Residence LTV >80% / Amort Term <= All other transactions Risk based pricing adjustments apply to all conventional conforming loans except with terms of 180 months or less. Risk Based Pricing LTV / Credit Score Grid Other Adjustments Add to Price LTV Credit Score < = 60 > 60 <= 70 >70 < = 75 >75 < = 95 >95 < = Units >= >= 720 & <= Investment Property LTV <= >= 700 & <= Minimum $50,000 Loan Amt LTV <= >= 680 & <= LTV <= >= 660 & <= >= 640 & <= >= 620 & <= Condos LTV > 75% < 620 n/a n/a n/a n/a n/a High LTV: < LTV <= High LTV: < LTV <= LTV Range CLTV Range Score <720 Score >=720 >65 <=75 >90 <= >75 <=95 >90 <= >75 <=90 >76 <= All CLTV > 95% Other Non-Capped Price Adjusters for DU Refi Plus Loan Amount Multiple Financed Properties - INVESTOR and Second Home loans with >= $200, to 10 financed properties - Adjust pricing by -1.50pt $50,000 to $99, $25,000 to $49, MI Transfer Fee - If MI = UG < $25, Escrow Waiver Owner Occp with Score >= 660 & LTV <= 80% LTV > 125% (Must have PIW in DU findings) State Adjusters 30,25,20 Yr 15 & 10 Yr 30yr DU Refi w/piw > 125% LTV - minimum note rate and a maximum note rate of SC, TX yr DU Refi w/piw > 125% LTV - minimum note rate CO, CT, FL, ID, LA, MA, ME, MS, NC, NH, RI, SD, TN, UT, VT, WA, WY and a maximum note rate of AL, AR, DE, IL, IN, KY, MD, MN, NE, OH, VA, WI yr DU Refi w/piw > 125% LTV - minimum note rate and a maximum note rate of Fannie Mae HomePath The Following Adjustments Apply and are Cumulative: 30 yr FNMA HomePath Risk Based Pricing LTV / Credit Score Grid 15 Days 30 Days 45 Days 60 Days > 60 & > 70 & > 75 & > 80 & > 85 & Credit Score <= 60 <= 70 <= 75 <= 80 <= 85 <= >= <= <= <= <= <= N/A N/A <= N/A N/A Units NO MI Fee Investor <= 75% LTV % <= 85% LTV Loan Amount 75.01% <=80% LTV % <= 90% LTV % <=85% LTV % <= 95% LTV Condo > 75% LTV % <= 97% LTV High LTV > 95% LTV >= $200, LTV CLTV < 720 => 720 $50,000 to $99, <= $25,000 to $49, <= < $25, All Over Escrow Waiver Owner Occp with Score >= 660 & LTV <= 80% State Adjusters 30,25,20 Yr 15 & 10 Yr TX SC CO, CT, FL, ID, LA, MA, ME, MS, NC, NH, RI, SD, TN, UT, VT, WA, WY AL, AR, DE, IL, IN, KY, MD, MN, NE, OH, VA, WI

4 Freddie Mac Open Access / Super-Conforming Date: 2/20/2013 Effective: EXPIRATION DATES (Must close by expiration date) 15 DAY 03/07/13 45 DAY 04/06/13 30 DAY 03/22/13 60 DAY 04/21/13 Freddie Mac Open Access 30 yr FHLMC LP Open Access 20 yr FHLMC LP Open Access 15 yr FHLMC LP Open Access 15 Days 30 Days 45 Days 15 Days 30 Days 45 Days 15 Days 30 Days 45 Days YR FHLMC LP Open Access - NOT OFFERED LP Open Access Agency Price Adjusters Price Cap for FHLMC Fees Price CAP Primary Residence / LTV >80% / Amort Term > 240: LP Open Access loans will have a cumulative delivery fee cap. Other CMC fees may still apply. LTV > 80% <= 105% 0.50 LTV > 105% 1.00 Risk based pricing adjustments apply to all conventional conforming loans except with terms of 180 months or less. Primary Residence / LTV >80% / Amort Term <= 240: LTV > 80% <= 105% 0.00 Risk Based Pricing LTV / Credit Score Grid LTV > 105% 0.50 LTV All other transactions 1.75 Credit Score < = 60 > 60 <= 70 >70 < = 75 >75 < = 80 >80 < = 85 >85 < = 125 >= >= 720 & <= Other Adjustments Add to Price >= 700 & <= >= 680 & <= Units >= 660 & <= >= 640 & <= Investment Property LTV <= >= 620 & <= Minimum $50,000 Loan Amt LTV <= < 620 n/a n/a n/a n/a n/a n/a LTV <= Condos LTV > 75% LTV Range CLTV Range Score <720 Score >=720 High LTV: < LTV <= <=65 >80 <= High LTV: < LTV <= >65 <=75 >80 <= High LTV: > >75 <=80 >76 <= >80 <=90 >81 <= >90 <=95 >90 <= All CLTV > 95% Other Non-Capped Price Adjusters for LP Open Access Loan Amount All LP Open Access loans with LTV over 105% >= $200, This is a non-capped price adjuster $50,000 to $99, $25,000 to $49, < $25, MI Transfer Fee - If MI = UG Escrow Waiver Owner Occp with Score >= 660 & LTV <= 80% State Adjusters 30,25,20 Yr 15 & 10 Yr SC, TX CO, CT, FL, ID, LA, MA, ME, MS, NC, NH, RI, SD, TN, UT, VT, WA, WY AL, AR, DE, IL, IN, KY, MD, MN, NE, OH, VA, WI FHLMC Super Conforming The Following Adjustments Apply and are Cumulative: 30 yr FHLMC Super Conforming Risk Based Pricing LTV / Credit Score Grid 15 Days 30 Days 45 Days 60 Days > 60 & > 70 & > 75 & > 80 & > 85 & Credit Score <= 60 <= 70 <= 75 <= 80 <= 85 <= >= <= <= <= N/A N/A N/A <= N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A LTV CLTV < 720 => <= Cash Out Refinances LTV / Credit Score Grid Escrow Waiver Owner Occp with Score >= 660 & LTV <= 80% LTV State Adjusters 30,25,20 Yr 15 & 10 Yr Credit Score < = 60 > 60 <= 70 => SC >= 720 & <= CO, CT, FL, ID, LA, MA, ME, MS, NC, NH, RI, SD, TN, UT, VT, WA, WY >= 700 & <= AL, AR, DE, IL, IN, KY, MD, MN, NE, OH, VA, WI

5 Government Date: 2/20/2013 Effective 15 DAY EXPIRATION DATE 03/07/13 30 DAY EXPIRATION DATE 03/22/13 15 day Locks For Approved Loans Only. 45 DAY EXPIRATION DATE 04/06/13 60 day Locks for Purchase or Const/refi only. 45 Day max for Refinance 60 DAY EXPIRATION DATE 04/21/13 Purchase Transaction Incentive FHA/VA 30 Yr, 25 Yr, 20 Yr Loan Amts over $100k with scores >=660, 15 Days 30 Days 45 Days 60 Days FHA,VA and RH Fixed 1 unit only - Improve pricing by.25pts FHA/VA 5/1 ARM - Caps 1/5 - Margin Days 30 Days 45 Days 60 Days FHA/VA 15 Yr Days 30 Days 45 Days 60 Days INDEX : 1 YR Treas : VA IRRRL not allowed on VA 5/1 ARM Price Tiers by State: For Fixed Only Add to Price: All Borrowers Must Have a Credit Score. RI TX Adjustments Based on All Borrowers Mid Score : AL AR DC ID IN KY MS OR TN VA WA WV VA Only Score CO DE GA MD OH FHA/VA Score FL NV UT WI FHA/VA Score => Loan Amount Price Adjuster VA Loans - Purchase or Non Streamline Refinance Total Loan Amount => $200, VA IRRRL (Streamline Refi) - No Admin Fee Charged on IRRRL Total Ln Amt $75,000 to $99, FHA Streamline Refinance with LTV/CLTV <= 100% Total Ln Amt $60,000 to $74, FHA Streamline Refinance with CLTV over 100% Total Ln Amt $25,000 to $59, Yr Term (Deduct from 30 Yr Price) Total Ln Amt < $25, FHA High Balance to $625,000 (total ln amt) : 30 YR Fix ONLY VA High Balance Loans to $625,000 (total ln amt): FHA Property Flip Transactions YEAR FHA/VA/RD - No Admin Fee Program Loan Amt Price Adjustments for No Admin Fee FHA/VA Program Only Program Codes: Loan Amount $25,000 to $59, Year Fixed FHA No Admin Fee Loan Amount $60,000 to $74,999 Loan Amount $75,000 to $99,999 Loan Amount $100,000 to $124,999 Loan Amount $125,000 to $149, Year Fixed FHA GN I No Admin Fee Year Fixed FHA $100 Down No Admin Fee Year Fixed VA No Admin Fee Rural Housing 30 YR No Admin Fee Loan Amount $150,000 to $174,999 Loan Amount $175,000 to $199,999 Loan Amount $200,000 to $224,999 Loan Amount $225,000 to $249, CMC offers the ability to waive the Admin Fee on FHA or VA fixed rate loans by reducing the price with the adjustments located to the left. All other FHA/VA adjustments shown above will apply with the exception of the additional loan amt adjustments above this program. Loan Amount $250,000 to $274,999 Loan Amount $275,000 to Limit ** NOT For VA IRRRL loans - see price adjustment above Crescent Mortgage Company FHA # Crescent Mortgage Company VA # Please see website for FHA & VA Product Profiles. RH 30 and RH 30 Refi Pilot RURAL HOUSING LOANS Minimum Score 640 Price Tiers by State *** Homebuyer education is required for first time homebuyers 30 Days 45 Days 60 Days AR, GA, IN, MN, NC, OK, PA, RI, VT, WI AL, CT, FL, IA, IL, KS, KY, LA, ME, MO, MS, NE, NH, OH, SC, SD, TN, TX & WV CO, DE, MA, MD, MT, ND, VA & WY ID, NV, OR, UT, WA Loan Amount Price Adjustment $55,001 to $95, $35,000 - $55, *** RH 30 Refi Pilot program not available in all states Standard Streamline Refinance REMINDER: RH 30 REFI PILOT Program adjustment Crescent Mortgage will not close or purchase RD loans with the following commitment language: Score "subject to the availability of Congressionally appropriated funds" Credit Score THIS RATE SHEET IS FOR MORTGAGE PROFESSIONALS ONLY, NOT FOR PUBLIC CONSUMPTION.

6 Date: Jumbo Effective EXPIRATION DATES : 15 DAY 03/07/13 45 DAY 04/06/13 LIBOR 12 MONTH DAY 03/22/13 60 DAY 04/21/13 5/1 Jumbo ARM 15 Yr Jumbo Rate 30 Day 45 Day Rate 15 Day 30 Day 45 Day *************** *************** ****** Price Improvement of.375pt for all Jumbo loans with LTV <=70% *************** *************** ****** /1 Jumbo ARM 10 Yr Jumbo Rate 30 Day 45 Day Rate 15 Day 30 Day 45 Day /1 Jumbo ARM Rate 30 Day 45 Day Available lock periods** : Fixed Rate : 15, 30 & 45 days ARMs : 30 & 45 days only /20/2013 All ARMs Margin 2.25, Caps 5/2/5, Index 1 Yr Libor U/W Note: Reduce LTV by 5% for the following states: FL, GA, OH Maximum Loan Amount = $1,000,000 Note - All loans that close with Crescent's funds Must close in name Crescent Mortgage Company. Interest Credit is not allowed. All Jumbo Loans Must be Run DU Adjustments for All Jumbo Products : Please see website for JUMBO parameters. Escrow Waiver (0.250) For Primary Residence Only. LTV <=70% ** New ** State Adjuster Texas Properties THIS RATE SHEET IS FOR MORTGAGE PROFESSIONALS ONLY, NOT FOR PUBLIC CONSUMPTION.