PORTFOLIO ARM BORROWER PAID RATE SHEET For Lender Paid Comp Plan see below

Transcription

1 PORTFOLIO ARM BORROWER PAID RATE SHEET For Lender Paid Comp Plan see below 5/1 LIBOR (Portfolio 6/2/6) ARM (JP51, JP51IO) 7/1 LIBOR (Portfolio 6/2/6) ARM (JP71) 10/1 LIBOR (Portfolio 6/2/6) ARM (JP101) Max Price * (capped at 3rd party closing costs) Max Price * (capped at 3rd party closing costs) Max Price * (capped at 3rd party closing costs) Base 21 Day 30 Day 45 Day 60 Day Base 21 Day 30 Day 45 Day 60 Day Base 21 Day 30 Day 45 Day 60 Day Portfolio ARM & Price Adjustments Applicable for ALL Portfolio ARM (Jumbo) Mortgages Adjustments to Adjustments to Price 2nd Home Interest Only (Max 60% LTV/CLTV) 2-4 Unit Property Cash Out - Investment (Includes 18 month hard pre-payment penalty) (tel MAX 60% LTV) FICO <700 (Including no FICO) (New York Only) - Non-Resident Alien No Escrows Loan Amount $300K - < $424.1K Asset Depletion Loan Amount $424.1K - $1.0MM Cross-Collateralization Max Price Loan Amount > $1.0MM - $2.0MM Loan Amount > $2.0MM - $3.5MM Loan Amount > $3.5MM Lock Extensions ARM Features Loan Amount > $5.0MM Purchase Money Loan To Value (LTV) 50% 7 Days 15 Days 30 Days Interest Floor = Note "Start" Margin = 3.25% Index = 1 Year LIBOR Cross-Collateralization Portfolio Wholesale Fees Lender Paid Compensation Plan Lender Fee $1, Lender paid compensation is equal to a minimum of $4000 or 1% whichever is greater. Trust/Entity Review $ For loan amounts less than $400,000 the comepnsation adjustment is calculated as follows: Pledged Asset $ Divide 4000 by loan amount and then multiply that result by 100. TX Doc Review $ Example: 4000/ = x 100 = adjustment to borrower paid pricing Foreign National Review $ Eligibility LTV Matrix Applicable for ALL Portfolio ARM (Jumbo) Mortgages - SEE BOFI SELLERS GUIDE FOR FULL REQUIREMENTS Property Type $1MM >$1MM - $2MM >$2MM - $3MM >$3MM - $5MM >$5MM Primary Residence - Purchase 1 Unit 70 / / / / Unit 70 / / / / / / 60 Primary Residence - Refinance ( / Term) 1 Unit 70 / / / / Unit 70 / / / / / / 60 Primary Residence - Refinance (Cash Out) 1 Unit 65 / / Unit 65 / / / / / / / / / 55 2nd Home - Purchase 1 Unit 65 / / Unit 65 / / / / / / 65 2nd Home - Refinance ( / Term) 1 Unit 60 / / Unit 60 / / / / / / 50 2nd Home - Refinance (Cash Out) 1 Unit 45 / / Unit 45 / / / / / / 45 Investment - All Transaction Types 1 Unit 55 / Unit 55 / / / 55

2 MERIDIAN PRIME JUMBO - BORROWER PAID 30 Year Fixed (PJFX30) 15 Year Fixed (PJFX15) Max Price Max Price /1 LIBOR ARM 2/2/ Margin (PJ51) 7/1 LIBOR ARM 5/2/ Margin (PJ71) 10/1 LIBOR ARM 5/2/ Margin (PJ101) Max Price Max Price Loan sizes $1.0MM FICO / 60.00% % % % % Loan sizes $1.0MM & $1.5MM FICO / 60.00% % % % % Loan sizes $1.5MM & $2.0MM FICO / 60.00% % % % % Loan sizes $2.0MM & $2.5MM FICO / 60.00% % % % % State Adjustments - Applicable to Jumbo Prime loan programs STATE / LTV 60.00% % % % % FL NV AZ CA TX Non-CA Other Adjustments - Applicable to ALL Jumbo Prime loan programs Other / LTV 60.00% % % % % 2 Units (O/O) nd Home (700+, 1 Unit) - - Purchase Cashout Escrow Waiver

3 AGENCY CONFORMING & HIGH BALANCE (Fannie Mae DU) BORROWER PAID 30 & 25 Year Fixed Agency DU (DU30, DU25) 20 Year Fixed Agency DU (DU20) 15 & 10 Year Fixed Agency DU (DU15, DU10) /1 LIBOR ARM (2/2/5) Agency DU (DU51) 7/1 LIBOR ARM (5/2/5) Agency DU (DU71) 10/1 LIBOR ARM (5/2/5) Agency DU (DU101) Year Fixed High Balance Agency DU (DUHB30) 15 Year Fixed High Balance Agency DU (DUHB15) Minimum FICO 640 Minimum FICO

4 AGENCY CONFORMING & HIGH BALANCE (Fannie Mae DU) LLPAs Agency Price Adjustments (DU) LLPA by Credit Score / LTV Applicable for all mortgages with terms greater than 15 years FICO / LTV < 60.00% % % % % % % % > Cash-Out Refinance Agency Price Adjustments (DU) by Credit Score / LTV FICO / LTV 60.00% % % % % % % % > Agency Price Adjustments (DU) by Product Feature / LTV Product Feature / LTV 60.00% % % % % % % % Investment Property Unit Property 3-4 Unit Property minium Subordinate Financing Subordinate Financing Agency Price Adjustments (DU) by Range & FICO with Subordinate Financing LTV Range CLTV Range Credit Score <720 Credit Score % 80.01%-95.00% 65.01%-75.00% 80.01%-95.00% 75.01% % 90.01% % 75.01% % 76.01% % 95.00% 95.01% % Agency (DU) Loan Amount Price Adjustments Applicable to ALL Agency (DU) programs $100,000 - $124,999 $125,000 - $149,999 $150,000 - $174,999 $175,000 - $199,999 $200,000 - $224,999 $225,000 - $249,999 $250,000 - $299,999 $300,000 - $349,999 $350, Agency High Balance Price Adjustments (DU) by Product Feature / LTV Applicable for all High Balance eligible mortgages Product Feature / LTV 60.00% % % % % % % Purchase or Ltd Cash-Out % Cash-Out Refinance ARM (based on higher of LTV or CLTV) Lender Paid Compensation Agency (DU) Compensation applied as LLPA Lender Paid compensation is equal to a minimum $4,000 or 1% whichever is greater. To determine the appropriate price adjustment in basis points please divide $4,000 by the loan amount and then multiply by 10,000. Lender Fee Trust Review TX Doc Review Example: If loan amount is $175,000 the Lender Paid comp would be calculated as follows. $4,000/$175,000 = x 10,000 = basis point adjustment or 2.286% adjustment to base pricing. If borrower paid base pricing was then the lender paid pricing would be using the example above. Agency Wholesale Fees Lock Extension Fees Applicable for ALL Agency Mortgages $650 7 Day.125 $ Day.250 $ Day.500

5 AGENCY CONFORMING (Freddie Mac LP) BORROWER PAID 30 & 25 Year Fixed Agency LP (LP30, LP25) 20 Year Fixed Agency LP (LP20) 15 & 10 Year Fixed Agency LP (LP15, LP10) /1 LIBOR ARM (2/2/5) Agency LP (LP51) 7/1 LIBOR ARM (5/2/5) Agency LP (LP71) 10/1 LIBOR ARM (5/2/5) Agency LP (LP101)

6 AGENCY SUPER CONFORMING (Freddie Mac LP) BORROWER PAID 30 Year Fixed Super Conforming Agency LP (LPSC30) 15 Year Fixed Super Conforming Agency LP (LPSC15) Minimum FICO 640 Minimum FICO /1 LIBOR ARM (2/2/5) Super Conforming Agency LP (LPSC51) 7/1 LIBOR ARM (5/2/5) Super Conforming Agency LP (LPSC71) 10/1 LIBOR ARM (5/2/5) Super Conforming Agency LP (LPSC101) Minimum FICO 640 Minimum FICO 640 Minimum FICO

7 AGENCY CONFORMING & SUPER CONFORMING (Freddie Mac LP) LLPAs Agency Price Adjustments (LP) LLPA by Credit Score / LTV Applicable for all mortgages with terms greater than 15 years FICO / LTV < 60.00% % % % % % % % > Cash-Out Refinance Agency Price Adjustments (LP) by Credit Score / LTV FICO / LTV 60.00% % % % % % % % > Agency Price Adjustments (LP) by Product Feature / LTV Product Feature / LTV 60.00% % % % % % % % Investment Property Unit Property 3-4 Unit Property minium Subordinate Financing Agency Price Adjustments (LP) by Range & FICO with Subordinate Financing LTV Range CLTV Range Credit Score <720 Credit Score % 80.00% % 80.01%-95.00% %-75.00% 80.01%-95.00% % % 75.01% % Agency (LP) Loan Amount Price Adjustments Applicable to ALL Agency (LP) programs $100,000 - $124,999 $125,000 - $149,999 $150,000 - $174,999 $175,000 - $199,999 $200,000 - $224,999 $225,000 - $249,999 $250,000 - $299,999 $300,000 - $349,999 $350, Agency Super Conforming Price Adjustments (LP) by Product Feature / LTV Applicable for all High Balance eligible mortgages Product Purpose 75% LTV > 75% & 80% LTV > 80% LTV 30 & 15 Year Fixed Purchase & No Cash-Out Refinance Cash-Out Refinance Fully Amortizing ARMs Purchase & No Cash-Out Refinance Cash-Out Refinance Lender Paid Compensation Agency (LP) Compensation applied as LLPA Lender Paid compensation is equal to a minimum $4,000 or 1% whichever is greater. To determine the appropriate price adjustment in basis points please divide $4,000 by the loan amount and then multiply by 10,000. Example: If loan amount is $175,000 the Lender Paid comp would be calculated as follows. $4,000/$175,000 = x 10,000 = basis point adjustment or 2.286% adjustment to base pricing. If borrower paid base pricing was then the lender paid pricing would be using the example above. Agency Wholesale Fees Lock Extension Fees Applicable for ALL Agency Mortgages Lender Fee $650 7 Day.125 Trust Review $ Day.250 TX Doc Review $ Day.500