Registration Lock-In Agreement:

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2 Lock-In Agreement: The interest rate market is subject to movements without advance notice. Locking in a rate protects you from the time that your lock is confirmed to the date that your lock expires. Once a lock request is confirmed, PRMG guarantees the interest rate and pricing locked will be available to the originator through the lock expiration date shown on the lock confirmation. Should interest rates rise during the lock period, PRMG is obligated to honor the committed rate. Should interest rates drop during the lock period, the originator must honor their commitment and deliver the loan to PRMG. Revised 5/11/2016

3 Rate Lock: Rate lock requests must be submitted via FastTrac 360. Manual lock requests will be accepted ONLY on loans with an approved Guideline Exception. The form must be submitted with a copy of the Deal Desk s approval along with the exception pricing quote. Rate lock requests received on a loan in Denied or Cancelled status will NOT be accepted. Lock Hours: Lock hours are Monday through Friday 8:00 a.m. to 5:00 p.m. PST. on all Fixed Rate Government and Conventional Conforming loans, and 3:30 p.m. PST on all ARM programs and all Jumbo loans. Note: Alaska Lock hours are Monday through Friday to 6:00 p.m. PST on all Fixed Rate Government and Conventional Conforming loans. Revised 5/11/2016

4 Lock Confirmations: Once lock requests have been reviewed and accepted, a Lock confirmation will be issued in FastTrac 360. In the event a Lock Confirmation is not received, please contact Secondary Marketing no later than the next business morning to confirm receipt of your request. If you do not contact Secondary within this time period, PRMG cannot commit to honoring the lock. Rate Lock Cancellations: A rate lock cancellation is accepted when the request is received prior to the lock cut-off on the day in which the lock was originally requested. Cancellation requests received past the same business day may be subject to the Re-lock policy/worse-case pricing if re-instated at a later time.

5 Lock Terms: Loans may be locked for 15, 30, 45 and 60 day lock periods. Extended lock terms (>60 days) are available on a case-by-case basis, contact Secondary Marketing for off-sheet pricing. Loans in approved status may be locked under a 15 day or greater lock term. All other loans (including Pre-locks) must be locked under a 30 day or greater lock term. Please note, pricing on Pre-locks are based on the information provided. Pricing is subject to change once the loan is underwritten and approved. A lock confirmation does not confirm program eligibility.

6 Lock Terms continued: All loans must be in funded/disbursed status on or before the Lock Expiration date, with the exception of locks expiring on a weekend or on an observed holiday. Locks set to expire on a weekend or observed holiday will automatically be extended to the next business day. In addition, closed loan documents must be received by PRMG by lock expiration in order to apply the 5 days to the lock to cover the grace period. Loans not cleared for purchase within the (5) business day grace period will be subject to an auto extension for up to (10) calendar days at a fee of.025% per day. In the event the loan is not cleared for purchase by the 15th calendar day following the lock expiration date, the loan will be relocked based on worse-case pricing, including any previously incurred extension fees. * A 5 day lock extension/grace period will be applied to the existing lock expiration date when loan is delivered, funds are disbursed, and closed loan documents are all delivered by the lock expiration date.

7 Extensions: Lock extensions are available if requested on or before the original lock expiration date, on loans that have not funded/disbursed. Extension requests may be submitted on-line through FT360, as well as via to The maximum number of lock extensions allowed per loan is limited to two, not to exceed a maximum extension of thirty (30) days. Extension fees will be applied as follows: Calendar Days Extension Fee 1-5 Days Days Days Days Days Days.750

8 Re-locks: The following scenarios are considered a Re-lock: - Expired locks - Changes to an existing Rate Lock Expired locks may be Re-locked for the same or shorter lock term as requested on the original lock, not to exceed 30 days. The new price will be calculated by comparing current market price to the original locked price. The worse between the two prices will be considered the Re-lock price. Please note: a relock fee will apply to all Platinum, Ruby, and Diamond Jumbo loans that are relocked. Please refer to the re-lock grid below. In the event that multiple Relock requests are necessary, all dates will be compared and worse case price will be given. The maximum number of Re-locks allowed per loan is limited to two. Exceptions may be granted on a case-by-case basis, if more than two Re-locks are necessary. Contact Secondary Marketing for the exception. Platinum Products RE-lock fee 15+ days worse case pricing Diamond Products RE-lock fee 30 days worse case pricing Revised 5/11/2016

9 Changing the loan program on a locked loan, may be subject to worse case pricing contingent on the new product and amortization term. Changes to the loan program that are offered within the same product group will be locked-in to the original rate sheet/lock date and will not be subject to worsecase pricing, provided the amortization term does not change. Please refer to the Product Group matrix for a complete list of programs offered within the same pricing group. Loans may be Re-locked and will be subject to worse-case pricing for up to 60 days from the most recent lock expiration date, excluding Platinum loans. Platinum loans may be Re-locked and will be subject to worse-case pricing for up to 120 days from the most recent lock expiration date. Exceptions may be granted on a case-by-case basis. Contact Secondary Marketing for the exception.

10 Rate Renegotiation Option: PRMG offers the ability to renegotiate the interest rate on a previously locked loan. By providing this lock feature, we enable each originator to avoid fall-out/secure their locked pipeline and continue to offer a competitive rate in an improving market. The following are the basic factors Secondary Marketing will evaluate when determining whether or not a loan is eligible for a Rate Renegotiation; - Current market price must have improved at least 1.000% when compared to the price on the original lock date. - Lock must be valid at time of Rate Renegotiation (expired locks must be relocked, prior to requesting a Rate Renegotiation) as the lock expiration date will not change when executing a Rate Renegotiation. - Loan must be in Approved (or greater) status and in a position to fund within fifteen (15) days of Renegotiating the interest rate.

11 Rate Renegotiation Option continued: Locks not meeting the above requirements will not be considered for a Rate Renegotiation. All Rate Renegotiations are evaluated and made available, strictly on a case-by-case basis. In some cases, Rate Renegotiations will not be available, regardless of market movement. These instances include all ARM locks, as well as investor specific and/or guideline exception loan scenarios. Please note, Rate Renegotiations may take up to 24 hours to be processed and will be subject to market movement during that period.

12 Secondary Marketing Hours: The Secondary Marketing staff is available Monday through Friday from 8:00 a.m. to 5:00 p.m. PST. Secondary Marketing may be reached at: Phone: (951) Fax: (951) Contacts: Alex Cisneros, Secondary Marketing Associate Extension: 6369

13 Contacts continued: Christina Hart, Secondary Marketing Associate Extension: 2563 Michael Sanders, Secondary Marketing Associate Extension: 5716 Vivian Anochie, Secondary Marketing Associate Extension: 2311

14 Contacts continued: Van Nguyen-Brandon, Capital Markets/ Trader Melynda Van Son, Capital Markets/Trader Extension: 6329 Angie Roman, Secondary Marketing Manager Extension: 6302

15 Product Group Matrix GOVERNMENT AGENCY GOVT 30/25/20 GOVT 30/25/20 Cont. GOVT 15/10 CONV 30/25/20 CONV 15/10 CONV ARMS FHA 30 yr VA 30 FHA 15 yr Conf 30 yr-standard Conf 15 yr Conf 3/1 Libor ARM FHA 20 yr VA IRRRL 30 FHA Portfolio 15 yr Conf 25 yr-standard Conf 10 yr Conf 5/1 Libor ARM FHA Portfolio 30 yr VA IRRRL 25 FHA Portfolio 10yr Conf 20 yr-standard Agency LP 15yr Agency Portfolio 5/1 Libor ARM FHA Portfolio 25 yr VA IRRRL 20 FHA Portfolio 90 Day Flip 15yr Agency LP 30yr Agency LP 10yr Agency Portfolio 5/1 Libor ARM 5 to 10 Financed FHA Portfolio 20 yr VA IRRRLCQ 30 FHA Portfolio 90 Day Flip 10yr Agency LP 25yr Agency LP NO MI 15yd Agency Portfolio 7/1 Libor ARM FHA Portfolio No Credit Score 30 yr VA IRRRLCQ 25 FHA Portfolio $100 Down HUD REO 15 yr Agency LP 20yr Agency LP NO MI 10yd Agency Portfolio 7/1 Libor ARM 5 to 10 Financed FHA Portfolio No Credit Score 25 yr VA IRRRLCQ 20 FHA Portfolio $100 Down HUD REO 20yr Agency LP NO MI 30yr Agency High Balance 15 Yr Fixed Agency LP 5/1 Libor ARM FHA Portfolio No Credit Score 20 yr VA High Balance 30 FHA Portfolio Good Nbr 15 yr Agency LP NO MI 25yr Agency High Balance 10 Yr Fixed Agency LP 7/1 Libor ARM FHA Portfolio 90 Day Flip 30yr VA IRRRL High Balance 30 FHA Portfolio Good Nbr 10 yr Agency LP NO MI 20yr Agency NO MI 15 Yr Agency LP 10/1 Libor ARM FHA Portfolio 90 Day Flip 25yr VA IRRRL High Balance CQ 30 FHA High Bal 15 Fixed Agency High Balance 30 Yr Fixed Agency NO MI 10 Yr Agency LP NO MI 5/1 Libor ARM FHA Portfolio 90 Day Flip 20yr USDA Rural Housing 30 FHA Streamline 15 yr Agency High Balance 20 Yr Fixed Agency No MI High Balance 15 Yr Fixed Agency LP NO MI 7/1 Libor ARM FHA Portfolio $100 Down HUD REO 30 yr FHA Streamline Credit Qual 15 yr Agency NO MI 30 Yr DU Refi Plus 2.0 <=80% 15 yr Agency LP NO MI 10/1 Libor ARM FHA Portfolio $100 Down HUD REO 25 yr FHA $100 Down HUD REO 15 yr Agency NO MI 30 BYDN DU Refi Plus 2.0 <=80% 10 yr Agency NO MI 5/1 Libor ARM FHA Portfolio $100 Down HUD REO 20 yr FHA $100 Dwn HB 15 Fixed Agency NO MI 20 Yr DU Refi Plus yr Agency High Balance 5/1 ARM FHA Portfolio Good Nbr 30 yr FHA$100 Dwn Repair Escrow 15 Fixed Agency No MI High Balance 30 Yr Fixed DU Refi Plus yr Conf 7/1 Libor ARM FHA Portfolio Good Nbr 25 yr FHA $100 Dwn HB Repair Esc 15 Fixed DU Refi Plus 2.0 <=80% 30 yr DU Refi Plus yr Agency High Balance 7/1 ARM FHA Portfolio Good Nbr 20 yr FHA Repair Escrow 15 DU Refi Plus 2.0 <=80% 20 yr DU Refi Plus yr Agency NO MI 7/1 Libor ARM FHA High Balance 30 yr FHA High Bal Repair Esc 15 Fixed DU Refi Plus yr FHLMC Super Conforming 15 yr Conf 10/1 Libor ARM FHA Portfolio High Balance 30 yr FHA Good Nbr 15 DU Refi Plus yr Agency TX Home Equity 15 Yr Agency High Balance 10/1 ARM FHA Portfolio High Balance 25 yr VA 15 DU Refi Plus yr Agency TX Home Equity 10 Yr Agency NO MI 10/1 Libor ARM FHA Portfolio High Balance 20 yr VA IRRRL 15 DU Refi Plus yr Agency Portfolio 15 FHA Streamline 30 yr FHLMC Super Conforming 30 yr Agency Port 5-10 Financd 15 FHA Streamline 25 yr Agency TX Home Equity 30 Yr Agency Portfolio 10 FHA Streamline 20 yr Agency TX Home Equity 25 Yr Agency Port 5-10 Financd 10 FHA Streamline Credit Qual 30 yr GOVT ARMS Agency TX Home Equity 20 yr Agency Portfolio High Bal 15 FHA Streamline Credit Qual 25 yr FHA 3/1 ARM (2.00 Margin) Agency Portfolio 30 Agency Port HB 5-10 Financd 15 FHA High Balance Streamline 30 yr FHA 5/1 ARM (2.00 Margin) Agency Port 5-10 Financd 30 Agency Portfolio High Bal 10 FHA High Balance Streamline CQ 30 yr FHA High Balance 5/1 ARM (2.00 Margin) Agency Portfolio 25 Agency Port HB 5-10 Financd 10 FHA $100 Down HUD REO 30 yr VA 3/1 ARM (2.00 Margin) Agency Port 5-10 Financd 25 Agency Portfolio NO MI 15 FHA $100 Down High Balance 30 yr VA IRRRL 3/1 ARM (2.00 Margin) Agency Portfolio 20 Agency Portfolio NO MI 10 FHA$100 Dwn Repair Escrow 30 Fixed VA IRRRL Cred Qual 3/1 ARM (2.00 Margin) Agency Port 5-10 Financd 20 Agency Portfolio NO MI High Bal 15 FHA$100 DN HB Repair Escrow 30 Fixed VA 5/1 ARM (2.00 Margin) Agency Portfolio High Bal 30 FHA Portfolio Repair Escrow 30 VA IRRRL 5/1 ARM (2.00 Margin) Agency Port HB 5-10 Financd 30 FHA Portfolio Repair Escrow 25 VA IRRRL Cred Qual 5/1 ARM (2.00 Margin) Agency Portfolio High Bal 25 FHA Portfolio Repair Escrow 20 Agency Port HB 5-10 Financd 25 FHA Good Nbr 30 Agency Portfolio High Bal 20 FHA HB 30 yr Flip at least 20% Agency Port HB 5-10 Financd 20 FHA HB Short Refi 30 Fixed Agency Portfolio No MI 30 Agency Portfolio No MI 25 Agency Portfolio No MI 20 Agency Portfolio NO MI High Bal 30 Agency Portfolio NO MI High Bal 25 Agency Portfolio NO MI High Bal 20

16 Product Group Matrix CONDUIT CONDUIT-1 30/25/20 CONDUIT-2 ARMS CONDUIT-3 JUMBO 30/25/20 CONDUIT-4 ARMS CONDUIT-5 JUMBO 30/25/20 (Retail Only) CONDUIT-6 15/10 FHLMC Super Conforming 5/1 ARM Platinum 30 Yr Fixed Agency TX Home Equity 7/1 L Emerald 30 Yr Fixed FHA 203K Streamline 15 CONDUIT-1 15/10 CONDUIT-2 JUMBO 30/25/20 Platinum Plus 30 Yr Fixed Agency TX Home Equity 10/1 L CONDUIT-5 JUMBO 15/10 (Retail Only) FHA 203K Streamline HB 15 Silver Medal 30 Yr Platinum 20 Yr Fixed Emerald 15 Yr Fixed FHA 203K Streamline GNND 15 CONDUIT-1 GOV ARMS Silver Medal 20 Yr CONDUIT-3 JUMBO 15/10 Emerald 10 Yr Fixed CONDUIT-6 ARMS CONDUIT-2 JUMBO 15/10 Platinum 15 Yr Fixed CONDUIT-5 JUMBO ARMS (Retail Only) CONDUIT-1 AGENCY ARMS Silver Medal 15 Yr CONDUIT-3 JUMBO ARMS Emerald 6 Month Libor IO Agency Portfolio 3/1 L CONDUIT-2 JUMBO ARMS Platinum 5/1 ARM Emerald 5/1 Libor Agency Port 5-10 Financd 3/1L Silver Medal 5/1 ARM Platinum 7/1 ARM Emerald 7/1 Libor Agency Portfolio 5/1 L Silver Medal 7/1 ARM Platinum 10/1 ARM Emerald 10/1 Libor Agency Port 5-10 Financd 5/1L Silver Medal 10/1 ARM Emerald 5/1 Libor IO Agency Portfolio 7/1 L Agency Port 5-10 Financd 7/1L Agency Portfolio 10/1L Agency Port 5-10 Financd 10/1L Agency Port HB 5/1 L Agency Port HB 7/1 L Agency Port HB 10/1 L Agency Portfolio NO MI 3/1 L Agency Portfolio NO MI 5/1 L Agency Portfolio NO MI 7/1 L Agency Portfolio NO MI 10/1 L CONDUIT-1 JUMBO 30/25/20 Ruby Jumbo 30 CONDUIT-1 JUMBO 15/10 Ruby Jumbo 15 CONDUIT-1 JUMBO ARMS Ruby Jumbo 5/1 L Ruby Jumbo 7/1 L Emerald 7/1 Libor IO Emerald 10/1 Libor IO

17 Product Group Matrix CONDUIT CONDUIT-7 30/25/20 CONDUIT-8 30/25/20 Sapphire 30 Yr Fixed Diamond 30 Yr Fixed CONDUIT-7 15/10 CONDUIT-8 15/10 Sapphire 15 Yr Fixed Diamond 15 Yr Fixed CONDUIT-7 ARMS Sapphire 5/1 Libor Sapphire 7/1 Libor Sapphire 10/1 Libor