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1 Agency (Fnma/Freddie) Fixed Rate Pricing FULL DOCUMENTATION PRICING Contact the Pricing Desk: / PricingDesk@Emigrant.com RATE SHEET # Monday Products & Pricing Options Standard Conforming Products: The Broker must choose either a Lender or Borrower Paid Option for each Transaction. Borrower Paid Option The Borrower Paid Broker Fee is 1.50% of the Loan Amount. The Broker must collect 1.50%, without exception. The Broker may not charge any additional fees. EMC will compensate the Broker 1.50% of the Loan Amount, without exception The Broker may not charge any additional fees % % % 4.875% % % 4.125% % % 4.875% % % 4.000% % % 4.750% % % 4.000% % % 4.750% % % 3.875% % % 4.625% % % 3.875% % 4.625% % % 3.750% % % 4.500% % % 3.750% % % 4.500% % % % % 4.375% % % 3.625% % 4.375% % High Balance Products: The Broker must choose either a Lender or Borrower Paid Option for each Transaction. Borrower Paid Option: The Borrower Paid Broker Fee is 1.50% of the Loan Amount. The Broker must collect 1.50%, without exception. The Broker may not charge any additional fees. EMC will compensate the Broker 1.50% of the Loan Amount, without exception The Broker may not charge any additional fees % % 4.875% % % 4.125% % % 4.875% % % % % % % 4.000% % % 4.750% % 3.875% % % 4.625% % % 3.875% % 4.625% % Important Reminders for Disclosures & GFE's (All Transactions) Emigrant will prepare & mail the Loan Estimate and the Uniform Loan Application (1003) to the Applicant. Copies of all documents sent to the Borrower, will be sent to the Broker. The Broker will continue to be responsible for providing all other Federal & State Specific Disclosures. The Broker MUST NOT provide the Applicant with a Loan Estimate or 1003 (other than the Emigrant Issued Documents). Any deviation from this process will result in an immediate Decline of the Loan File for Non-Compliance with EMC's Policies & Procedures. Pricing Adjustments - All Adjs are Price Adjustments. Adjustments are cumulative & apply to all loans that meet the stated criteria. Fico / LTV (Applies to Purchases, R / T & C/O Refis-where term is > 15 Yrs) Subordinate Financing Fico 60 >60-70% >70-75% >75-80% >80-85% >85% LTV Range CLTV Range Fico < 720 Fico % 0.250% 0.500% 0.250% 0.250% 65% 80.01% - 95% 0.500% 0.250% % 0.500% 0.500% 0.500% 65.01% - 75% 80.01% - 95% 0.500% % 1.250% 75.01% - 95% >75% - 95% % 1.250% 1.500% 1.250% % 2.750% 2.750% 2.250% Miscellaneous Adjustments % 1.250% 2.750% 3.000% Not Avail Not Avail Rate Price % 1.500% 3.000% 3.000% Not Avail Not Avail Condos (w/ LTV > 75% and the Loan Term > 15 Years) Cash Out Refinances LMI Eligibility -.25% Reduction in Rate. See Fico 60 >60-70% >70-75% >75-80% >80% SourceBook for Eigibility Reqs and Other Mtg Incentives % 0.625% 0.625% 0.875% Not Avail Invest Properties (LTV 75%) 2.125% % 1.125% Not Avail Invest Properties (LTV >75% - 80%) 3.375% % 1.125% Not Avail Invest Properties (LTV >80%) 4.125% % 1.125% 1.125% Not Avail High Balance Loans (Purchases/RT Refis) 0.250% % 1.125% 1.125% 1.875% Not Avail High Balance Loans (Cash Out Refis) 1.250% % 1.625% 1.625% 2.625% Not Avail Borrower w/> 4 Financed Props 0.250% % 1.625% 1.625% 3.125% Not Avail 2-4 Family Properties

2 Agency (FNMA Refi Plus / FHLMC Relief Refi) Pricing FULL DOCUMENTATION PRICING Contact the Pricing Desk: / PricingDesk@Emigrant.com RATE SHEET # Monday Products & Pricing Options Note: The Maximum LTV for FHLMC, Open Access is 80%. Borrower Paid Option The Borrower Paid Broker Fee is 1.50% of the Loan Amount. The Broker must collect 1.50%, without exception. The Broker may not charge any additional fees. EMC will compensate the Broker 1.50% of the Loan Amount, without exception The Broker may not charge any additional fees. LTV's 105% LTV's 105% 4.000% % % 4.750% % % % % 4.750% % % 3.875% % % 4.625% % % 3.875% % 4.625% % % 3.750% % % 4.500% % % 3.750% % % 4.500% % % % % 4.375% % % 3.625% % 4.375% % LTV's >105% - 125% (For LTVs > 125% add.125% to the rates listed below.) LTV's >105% - 125% (For LTVs > 125% add.125% to the rates listed below.) 3.750% % % 4.750% % % 3.750% % 4.750% % % 3.750% % % 4.625% % % 3.750% % 4.625% % % 3.750% % % 4.500% % % 3.750% % 4.500% % % % % 4.375% % % 3.750% % 4.375% % ** For LTVs > 125% add an additional.125% to the above rates** Pricing Adjustments Pricing Adjustment Caps (Excludes for > 125% LTVs) Principal Residences w/ltvs >80% - If the Loan Term is > 20 Yrs, Pricing Adjs are capped at.75% (Fee Adjs). If the Loan Term is 20 Yrs, no adjustments apply. Principal Residences w/ltvs 80% - If the Loan Term is > 25 Yrs, Pricing Adjs are capped at 2% (Fee Adjs). If the Loan Term is 25 Yrs, pricing adjs are capped at 1.5%. 2nd Homes / Investment Properties - If the Loan Term is > 25 Yrs, Pricing Adjs are capped at 2% (Fee Adjs). If the Loan Term is 25 Yrs, pricing adjs are capped at 1.5%. Fico / LTV Fee Adjustments (Applies to all DU Refi Plus Mortgages, where the loan term is >15 Years) Fico 60 >60-70% >70-75% >75-80% >80-85% >85-90% >90-95% >95-97% >97% % 0.250% 0.250% % 0.500% 0.500% 0.500% 0.500% 0.500% % 0.500% 0.500% % 1.250% 1.250% % 1.250% 2.000% 2.250% 2.250% 2.250% 2.250% % 1.500% 2.500% 2.750% 2.750% 2.750% 2.750% 2.500% 2.500% Below % 1.500% 3.000% 3.000% 3.000% 3.000% 3.000% 3.000% 3.000% Miscellaneous Pricing Adjustments LMI Eligibilty -.25% Reduction In Rate. See SourceBook for Eligibility Requirements and other Mortgage Incentives Fee Adjustments Subordinate Financing LTV Range 65.01% - 95% CLTV Range 90.01% - 95% Fico < 720 Fico % 0.250% >75% - 90% 90.01% - 95% 0.250% All 90.01% - 95% 1.500% 1.500% 60 >60-70% >70-75% >75-80% >80-85% >85-90% >90-95% >95-97% > 97% Condos (Loan Term > 15 Yrs) Investment 2.125% 2.125% 2.125% 3.375% 4.125% 4.125% 4.150% 4.125% 4.125% 2-4 Family High Balance Lns High LTV 60 >60-70% >70-75% >75-80% >80-85% >85-90% >90-95% >95-97% > 97% >25 Yrs 30 Yrs 0.500% 25 Yrs** 0.500% 1%** ** If the LoanTerm is 25 Years and the LTV is > 105%, the Fee Adjustment for High LTV is.50%.

3 Agency (Fnma/Freddie) Guidelines for Agency Fixed Rate Products Contact the Pricing Desk: RATE SHEET # Submit Applications Online: Effective Date: Monday Current Turnaround Time for Regis/Lock Confirmation Standard & High Balance Guidelines Please see the Source Book for complete Program Descriptions. Standard Conforming Products High Balance Products Property Type Max $ Amt Purch / R-T Cash Out Prop Type $ Amount Purch / R-T Cash Out 1F, O/O $417,000 95% / 95% 80% 1F, O/O $625,500 95% / 95% 80% 1F, 2nd Homes $417,000 90% / 90% 75% 1F, 2nd Homes $625,500 90% / 90% 75% 2F, O/O $533,850 85% / 85% 75% 2F, O/O $800,775 85% / 85% 75% 3F, O/O $645,300 75% / 75% 75% 3F, O/O $967,950 75% / 75% 75% 4F, O/O $801,950 75% / 75% 75% 4F, O/O $1,202,925 75% / 75% 75% 1F, NOO $417,000 85% / 75% 75% 1F, NOO $625,500 85% / 75% 75% 2F, NOO $533,850 75% / 75% 70% 2F, NOO $800,775 75% / 75% 70% 3F, NOO $645,300 75% / 75% 70% 3F, NOO $967,950 75% / 75% 70% 4F, NOO $801,950 75% / 75% 70% 4F, NOO $1,202,925 75% / 75% 70% Coop, Primary $417,000 95% / 95% 80% Coops, O/O $625,500 95% / 95% 80% Coop, 2nds $417,000 90% / 90% Not Available Coops, 2nds $625,500 90% / 90% Not Available Standard Loans: Florida Properties: Eligible Properties - Single Family, Townhouses & Condos. Eligible Lending Areas: Miami-Dade, Broward & Palm Beach Counties High Balance Loans: LTVs reflected on the Chart are Max LTVs. Lower LTVs may apply. Cash Out Refinances require 6 Mos Seasoning. Coops: New York Properties Only. No Investment Coops or Sub Financing. Borrowers w/5-10 Financed Props: Min Fico -720/Max LTV/CLTV 65%. Borrowers w/5-10 Financed Props: Min Fico -720/Max LTV/CLTV 65%. Coops: NY ONLY, No Invest Props or Subordinate Financing. Geographic Restrictions: Florida Properties are not eligible. See Source Book For additional Geographic and Loan Amount Restrictions. Refi Plus / Relief Refi Guidelines Please see the Source Book for complete Program Descriptions. Maximum Loan Amounts Refi Plus / Relief Refi (R/T, Limited Cash Out ONLY of existing FNMA / FHLMC Lns) Eligible Property Types Standard High Balance 1 Max LTV / CLTV: There is no Maximum LTV or CLTV under the FNMA Refi Plus Program 1 Family $417,000 $625,500 or the FHLMC Relief Refinance (Same Servicer). The Max LTV for the FHLMC Relief Condos / Coops (Fnma ONLY) $417,000 $625,500 Refinance (Open Access) Program is 80% (no maximum CLTV). 2 Family $533,850 $800,775 LTVs > 80%: If there is no MI in force, on the existing loan, new MI is not required. 3 Family $645,300 $967,950 If there is MI coverage on the existing loan, standard MI requirements apply. 4 Family $801,950 $1,202,925 Florida Properties: Maximum Loan Amount is $417,000. Single Family, Condos, 1 Geographic Restrictions apply to the High Balance Loan Amounts. Refer to the and Townhouses Only. Eligble Counties: Miami-Dade, Broward, Palm Beach. Source Book for Complete Program Details. Coops: FNMA Only, NY Props Only. Minimum Fico: No Minimum Fico requirement under the Refi Plus / Relief Refi Programs. Lock Periods, Expiration Dates, Extensions & Relocks Lock Period Rate & Margin Points Expiration Date Extensions / Relocks: 15 Days /27/16 1) All Extension Requests must be submitted,in writing to the Pricing Desk (via 30 Days Base Rates 01/11/17 or fax) PRIOR to Lock Expiration. Cost of the Extension will be calculated at that time. 60 Days /10/17 PricingDesk: PricingDesk@emigrant.com Fax: Days /12/17 2) If a Lock expires and an extension hasn't been requested, the loan will be relocked 120 Days /11/17 for 15 days at "Worst Case" (Based on the orig lock per - once a closing date is scheduled).

4 Agency (Fnma/Freddie) ARM Pricing FULL DOCUMENTATION PRICING Contact the Pricing Desk: / PricingDesk@Emigrant.com RATE SHEET # Monday Borrower Paid Option The Borrower Paid Broke Fee is capped at 1.50% of the Loan Amount. The Broker must receive the full 1.50% from the Borrower, without exception. The Broker may not charge any additional fees. FHLMC Libor ARMS Index: 1 Yr Libor: 1.64% Borrower Paid Options EMC will compensate the Broker 1.50% of the Loan Amount in all cases. The Broker may not charge any additional fees. s 5/1 Libor ARM 7/1 Libor ARM 5/1 Libor ARM 7/1 Libor ARM 3.250% % % 3.625% % % 4.250% 0.125% 4.250% 0.250% 0.375% 3.125% % % 3.500% % % 4.125% 0.250% 0.375% 4.125% 0.500% 0.625% 3.000% % 3.375% % 4.000% 0.250% 0.375% 4.000% 0.500% 0.625% 10/1 Libor ARM ARM Parameters 10/1 Libor ARM ARM Parameters Rate 30 Days 60 Days Product Caps Margin Rate 30 Days 60 Days Product Caps Margin 3.875% % % 5/1 ARM 2/2/5 2.25% 4.250% 0.625% 5/1 ARM 2/2/5 2.25% 3.750% % % 7/1 & 10/1 5/2/5 2.25% 4.125% 0.875% 7/1 & 10/1 5/2/5 2.25% 3.625% % 4.000% 1.125% FHLMC ARMS: Eligible Property Types Units, NO COOPS FHLMC ARMS: Eligible Property Types Units, NO COOPS FNMA Libor ARMS Index: 1 Yr Libor: 1.64% Borrower Paid Options s 5/1 Libor ARM 7/1 Libor ARM 5/1 Libor ARM 7/1 Libor ARM 4.375% % 4.625% % 4.500% 0.375% 0.500% 4.625% 0.625% 4.250% % % 4.500% % % 4.375% 0.625% 4.500% 1.125% 4.125% % 4.375% % 4.250% 0.875% 4.375% 1.250% 1.375% 10/1 Libor ARM ARM Parameters 10/1 Libor ARM ARM Parameters Rate 30 Days 60 Days Product Caps Margin Rate 30 Days 60 Days Product Caps Margin 4.750% % 4.875% 0.125% 0.250% All FNMA 5/2/5 2.25% All FNMA ARMs ARMs 4.625% % % 4.750% 0.500% 0.625% 5/2/5 2.25% 4.500% % 4.625% 0.875% FNMA ARMS: Eligible Property Types Units, COOPS FNMA ARMS: Eligible Property Types Units, COOPS Pricing Adjustments - All Adjustments are cumulative & apply to all loans that meet the stated criteria. Fico / LTV (Applies to Purchases, R / T & C/O Refis-where term is > 15 Yrs) Subordinate Financing Fico 60 >60-70% >70-75% >75-80% >80-85% >85% LTV Range CLTV Range Fico < 720 Fico % 0.250% 0.500% 0.250% 0.250% 65% 80.01% - 95% 0.500% 0.250% % 0.500% 0.500% 0.500% 65.01% - 75% 80.01% - 95% 0.500% % 1.250% 75.01% - 95% >75% - 95% % 1.250% 1.500% 1.250% % 2.750% 2.750% 2.250% Miscellaneous Adjustments % 1.250% 2.750% 3.000% Not Avail Not Avail Rate Price % 1.500% 3.000% 3.000% Not Avail Not Avail Cash Out Refinances Borrower w/> 4 Financed Props 0.250% Fico 60 >60-70% >70-75% >75-80% >80% 2-4 Family Properties % 0.625% 0.625% 0.875% Not Avail LMI Eligibility -.25% Reduction in Rate. See % 1.125% Not Avail SourceBook for Eigibility Reqs and Other Mtg Incentives % 1.125% Not Avail High Balance / Super Conforming: % 1.125% 1.125% Not Avail HB / SuperConforming Cash Out % 1.125% 1.125% 1.875% Not Avail HB / SuperConforming w/ltvs <75% % 1.625% 1.625% 2.625% Not Avail HB / SuperConforming LTVs >75%-90% % 1.625% 1.625% 3.125% Not Avail Lock Period Adjs: Investment Properties Condos (w/ LTV > 75% and the Loan Term > 15 Years) 15 Day Locks: -.125% in Fee added to 30 Day Pricing. Alll Ficos 2.125% 2.125% 2.125% Not Avail Not Avail 90 Day Locks: in Rate added to 60 Day Pricing.

5 Agency (Fnma/Freddie) Guidelines for Agency ARM Products Contact the Pricing Desk: RATE SHEET # Submit Applications Online: Effective Date: Monday Please see the Source Book for complete Program Descriptions. FHLMC Libor ARMs Standard Loan Amounts Super Conforming Loan Amounts Property Type Max $ Amt Purch / R-T Cash Out Prop Type $ Amount Purch / R-T Cash Out 1 Unit, Primary $417,000 95% / 95% 80% 1 Unit, Primary $625,500 90% / 90% 75% 1 Unit, 2nd Homes $417,000 85% / 85% 75% 1 Unit, 2nd Homes $625,500 80% / 80% 65% 2 Unit, Primary $533,850 80% / 80% 75% 2 Unit, Primary $800,775 75% / 75% 65% 3 Unit, Primary $645,300 80% / 80% 75% 3 Unit, Primary $967,950 75% / 75% 65% 4 Unit, Primary $801,950 80% / 80% 75% 4 Unit, Primary $1,202,925 75% / 75% 65% 1 Unit, Investment $417,000 85% / 75% 75% 1 Unit, Investment $625,500 80% / 75% 65% 2 Unit, Investment $533,850 75% / 75% 70% 2 Unit, Investment $800,775 70% / 70% 65% 3 Unit, Investment $645,300 75% / 75% 70% 3 Unit, Investment $967,950 70% / 70% 65% 4 Unit, Investment $801,950 75% / 75% 70% 4 Unit, Investment $1,202,925 70% / 70% 65% General Notes: Eligible Property Types: 1-4 Units. & Condos. Coops are NOT Eligible, Florida Properties: Eligible Counties: Broward, Miami-Dade, Palm Beach. Eligible Property Types: Single Family, Townhouses & Condos. Max Loan Amt: $417,000. Subordinate Financing: Max LTVs on loans with Subordinate Financing may be lower than Listed LTVs. See Source Book for Details. Borrowers with Multiple Financed Props: >1 Invest Prop: 5/1 ARM is Not Available. >4 Financed Props: Minimum Fico of 720 Required. Max LTV/CLTV is 75%. Super Conforming Loan Amounts: Geographic Restrictins Apply to Max Loan Amounts. Florida Properties are Not Eligible. See Source Book for Addl Geographic Limits. Fico Score: Minimum Fico Score is 620. FNMA Libor ARMs Standard Loan Amounts High Balance Loan Amounts Property Type Max $ Amt Purch / R-T Cash Out Prop Type $ Amount Purch / R-T Cash Out 1 Unit, Primary $417,000 90% / 90% 75% 1 Unit, Primary $625,500 90% / 90% 75% 1 Unit, 2nd Homes $417,000 80% / 80% 65% 1 Unit, 2nd Homes $625,500 80% / 80% 65% 2 Unit, Primary $533,850 75% / 75% 65% 2 Unit, Primary $800,775 75% / 75% 65% 3 Unit, Primary $645,300 65% / 65% 65% 3 Unit, Primary $967,950 65% / 65% 65% 4 Unit, Primary $801,950 65% / 65% 65% 4 Unit, Primary $1,202,925 65% / 65% 65% 1 Unit, Investment $417,000 75% / 75% 65% 1 Unit, Investment $625,500 75% / 75% 65% 2 Unit, Investment $533,850 65% / 65% 60% 2 Unit, Investment $800,775 65% / 65% 60% 3 Unit, Investment $645,300 65% / 65% 60% 3 Unit, Investment $967,950 65% / 65% 60% 4 Unit, Investment $801,950 65% / 65% 60% 4 Unit, Investment $1,202,925 65% / 65% 60% Coops, Primary $417,000 90% / 90% 75% Coops, Primary $625,500 90% / 90% 75% Coops, 2nds $417,000 80% / 80% Not Available Coops, 2nds $625,500 80% / 80% Not Available General Notes: Eligible Property Types: 1-4 Units, Condos & Coops Florida Properties: Eligible Counties: Broward, Miami-Dade, Palm Beach. Eligible Property Types: Single Family, Townhouses & Condos. Max Loan Amt: $417,000. Subordinate Financing: Max LTVs on loans with Subordinate Financing may be lower than Listed LTVs. See Source Book for Details. Borrowers with Multiple Financed Props: >4 Financed Props: Minimum Fico of 720 Required. Max LTV/CLTV is 75%. High Balance Loan Amounts: Geographic Restrictins Apply to Max Loan Amounts. Florida Properties are Not Eligible. See Source Book for Addl Geographic Limits. Fico Score: Minimum Fico Score is 620. Refi Plus / Relief Refi Guidelines Rate/Term, Limited Cash Out Only of existing FNMA/FHLMC Loans Maximum Loan Amounts Max LTV / CLTV: There is no Maximum LTV or CLTV under the FNMA Refi Plus Program Eligible Property Types Standard High Balance / Super Conforming 1 or the FHLMC Relief Refinance (Same Servicer). The Max LTV for the FHLMC Relief 1 Family $417,000 $625,500 Refinance (Open Access) Program is 80% (no maximum CLTV). Condos / Coops (Fnma ONLY) $417,000 $625,500 LTVs > 80%: If there is no MI in force, on the existing loan, new MI is not required. 2 Family $533,850 $800,775 If there is MI coverage on the existing loan, standard MI requirements apply. 3 Family $645,300 $967,950 Coops: FNMA Only, NY Props Only. 4 Family $801,950 $1,202,925 Minimum Fico: No Minimum Fico requirement under the Refi Plus / Relief Refi Programs. 1 Geographic Restrictions apply to the High Bal / Super Conf Loan Amounts. Florida Florida Properites: Max Loan Amount is $417,000. Single Family, Condos and Properties are not eligible. Refer to Source Book for additonal Geographic Limits. Townhouses only. See Source Book for Eligible Lending Areas.

6 MPANY PORTFOLIO FULL DOC PRICING & GUIDELINES Contact the PricingDesk: / PricingDesk@Emigrant.com RATE SHEET # Products & Pricing (Primary Residence, 2nd Homes, Invest Props)* The Broker must choose either a Lender or Borrower Paid Option for each Transaction: Borrower Paid Options: The Borrower Paid Broker Fee is 1.50% of the Loan Amount, capped at $50,000. The Broker must collect 1.50% (capped at $50,000) without exception. The Broker may not charge the Borrower any additional fees. s: EMC will compensate the Broker 1.50% of the Loan Amount, capped at $50,000 (without exception). The Broker may not charge the Borrower any additional fees. 2/1 Treasury ARM 5/1 Treasury ARM 7/1 Treasury ARM 2/1 Treasury ARM 5/1 Treasury ARM 7/1 Treasury ARM RATE 60 Day RATE 60 Day RATE 60 Day RATE 60 Day RATE 60 Day RATE 60 Day 3.875% % 4.750% % 6.250% % 4.375% % 5.125% % 6.625% % 3.750% 4.625% 6.125% 4.250% 5.000% 6.500% ARM Parameters Index - 1 YR T-Bill: 0.80% Primary Residences & Second Homes *Investment Properties: Addl Pricing will be added to the above rates. See below. Product Caps Margin Floor Qualifying Rate Product Caps Margin Floor 2/1 ARM 2 / % Start Rate 5% above Start Rate 2/1 ARM 2 / % Start Rate 5/1 ARM 2 / % Start Rate 2% above Start Rate 5/1 ARM 5 / 2 / % Start Rate 7/1 ARM 5 / 2 / % Start Rate Higher of Start Rate or Fully 7/1 ARM 5 / 2 / % Start Rate Indexed Rate Qualifying Rate Qualifying Rate for Portfolio Investment Props is the Higher of the Start Rate or Fully Indexed Rate. ustments, Max LTVs & LTV Reductions ustments (Based on Fico Score & Loan Amount): Fico Scores > 700 $Amount Range $625,500 Not Available Not Available 0.375% 0.125% No Pricing Adj $625,501 - $1,500, % 1.125% 0.375% No Pricing Adj % >$1,500, % 0.250% % % Maximum LTVs (Applies to Purchase, Primary Residence Transactions with Loan Amts $3,000,000. Refer to LTV Adjustment Chart Below for addl reductions.) Fico Scores > 700 Maximum LTVS 45% 50% 60% 65% 70% 75% LTV Adjustments (Adjustments are cumulative and must be deducted from Max LTVs listed above. LTV Floor is 50% on all Transactions, with the following exceptions: 1) The floor for loans with a Fico Score of 600 is 45%. 2) The Floor for the Cash Flow Program is 45%. Description LTV Reduction Description Loan Amounts > $3mm - $5mm 5% All Refinances (Cash Out & Rate Term) Loan Amounts > $5mm 15% Cash Out Amounts > $200,000 Investment Properties 10% Insuf Credit / Non Perm Res Alien (with Credit) Second Homes 5% US Citizens / Permanent Resident Aliens (No Credit) Foreign Natl / Non Perm Res Alien (No or Insuff Credit) LTV Reduction 5% 10% 10% 20% 20% Additional Pricing Adjustments * Investment Properties Foreign Income (US Citizens /PRA) Investment Properties (1-4 F & Condos) Income generated Outside United States Investment Coops Foreign National/Non Permanent Resident Alien Credit Related Foreign National/NPRA (2nd Homes) Insufficient Credit Foreign National / NPRA (No / Insufficient Credit) No Credit Foreign National / NPRA (With US Credit) Bankruptcy / Foreclosure (Years Post Discharge) >1 <=3yrs >3 <7yrs Foreign National/NPRA (Investment Props) Foreign National / NPRA (No / Insufficient Credit) Miscellaneous Foreign National / NPRA (With US Credit) Corp Title or Partnership in addition to Investment Property Adjustments. LMI Eligibility -.25% Reduction in Rate. See SourceBook for Eligibility Reqs General Notes Important Reminders for Disclosures & GFE's (All Transactions) Florida Properties Emigrant will provide the Loan Estimate & 1003 to the Applicant. The Broker Eligible Property Types: Single Family, Condos, Townhouses. MUST NOT provide the Applicant with a 1003 or Loan Estimate, but will continue Minimum Loan Amount is $417,001. to be responsible for providing all other Federal & State Specific Disclosures. Eligible Lending Areas: See SourceBook for Eligible Lending Areas. Investment Properties (All Transactions) Prepayment Penalty is required on all Investment Properties, where permitted. Max LTVs: Standard Full Doc Guidelines, subject to LTV adjustments listed on the above grid.

7 MPANY FOREIGN NATIONAL (FLORIDA PROPERTIES) Contact the PricingDesk: / PricingDesk@Emigrant.com RATE SHEET # Products & Pricing The Broker must choose either a Lender or Borrower Paid Option for each Transaction: Borrower Paid Options: s: The Borrower Paid Broker Fee is 1.50% of the Loan Amount, capped at $50,000. The EMC will compensate the Broker 1.50% of the Loan Amount, capped at $50,000 Broker must collect 1.50% (capped at $50,000) without exception. The Broker may (without exception). The Broker may not charge the Borrower any additional fees. not charge the Borrower any additional fees. 2/1 Treasury ARM 5/1 Treasury ARM 7/1 Treasury ARM 2/1 Treasury ARM 5/1 Treasury ARM 7/1 Treasury ARM RATE 60 Day RATE 60 Day RATE 60 Day RATE 60 Day RATE 60 Day RATE 60 Day 3.875% % 4.750% % 6.250% % 4.375% % 5.125% % 6.625% % 3.750% 4.625% 6.125% 4.250% 5.000% 6.500% ARM Parameters Index - 1 YR T-Bill: 0.80% Second Homes Investment Properties: Addl Pricing will be added to the above rates. See below. Product Caps Margin Floor Qualifying Rate Product Caps Margin Floor 2/1 ARM 2 / % Start Rate 5% above Start Rate 2/1 ARM 2 / % Start Rate 5/1 ARM 2 / % Start Rate 2% above Start Rate 5/1 ARM 5 / 2 / % Start Rate 7/1 ARM 5 / 2 / % Start Rate Higher of Start Rate or 7/1 ARM 5 / 2 / % Start Rate Fully Indexed Rate Qualifying Rate Qualifying Rate for Portfolio Investment Props is the Higher of the Start Rate or Fully Indexed Rate. Maximum LTVs Purchase Transactions Refinance Transactions Loan Amt>> 0-$1mm >$1mm-$3mm >$3mm - $5mm >$5mm **Cash Out Amt >> $0-$100k >$100k-$500k >$500k 2nd Home 55% 50% 45% Case-by-Case 2nd Home 50% 45% 40% Investment 50% 45% 45% Case-by-Case Investment 45% 45% 40% ** See Cash Out Pricing Adjustments Listed Below. Pricing Adjustments Pricing Adjustments are cumulative and apply to all Transactions which meet the stated critera. Investment Properties Foreign National/NPRA (2nd Homes) Investment Properties (1-4 F & Condos) Foreign National / NPRA (No / Insufficient Credit) Miscellaneous Foreign National / NPRA (With US Credit) Corp Title or Partnership Foreign National/NPRA (Investment Props) Cash Out Adjustment** Foreign National / NPRA (No / Insufficient Credit) >$100k - $500k Cash Out Foreign National / NPRA (With US Credit) >$500k Cash Out Notes Important Reminders for Disclosures & GFE's (All Transactions) General Notes Emigrant will provide the Loan Estimate & 1003 to the Applicant. The Broker Eligible Property Types: Single Family, Condos, Townhouses. MUST NOT provide the Applicant with a 1003 or Loan Estimate, but will continue Eligible Lending Areas: See SourceBook for Eligible Lending Areas. to be responsible for providing all other Federal & State Specific Disclosures. Prepayment Penalty: Required on All Investment Properties