GP Rates
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GP Rates |
| Rate Sheet #C2532 | Wednesday, December 17, 2003 | Effective Time | 08:00 AM | ||||||||||||
| 2_AA-BBAP | 2_ALT A AP_30 YEAR FIXED | ||||||||||||||
| 1_AA-AAAP | 1_ALT A AP_15 YEAR FIXED | ||||||||||||||
| Rate | Price | LTV < 60 | LTV > 60-70 | LTV > 70-80 | LTV > 80-85 | LTV > 85-90 | LTV > 90-95 | ||||||||
| 5.875 | 98.875 | Adjustments | Rates | Price | Rates | Price | Rates | Price | Rates | Price | Rates | Price | Rates | Price | |
| 6.000 | 99.375 | CREDIT SCORE | |||||||||||||
| 6.125 | 99.875 | > 739 | -- | 0.500 | -- | 0.500 | -- | 0.500 | -- | 0.500 | -- | 0.500 | -- | 0.500 | |
| 6.250 | 100.375 | 721 < = 739 | -- | 0.250 | -- | 0.250 | -- | 0.250 | -- | 0.250 | -- | 0.250 | -- | 0.250 | |
| 6.375 | 100.875 | 660 < = 720 | -- | 0.000 | -- | 0.000 | -- | 0.000 | -- | 0.000 | -- | 0.000 | -- | 0.000 | |
| 6.500 | 101.375 | 620 < = 659 | -- | (0.250) | -- | (0.250) | -- | (0.250) | -- | (0.250) | -- | (0.250) | -- | N/A | |
| 6.625 | 101.750 | LOAN AMOUNT | |||||||||||||
| 6.750 | 102.125 | > $650K | 0.250 | -- | 0.250 | -- | 0.250 | -- | 0.250 | -- | 0.250 | -- | 0.250 | -- | |
| 6.875 | 102.500 | > $1M | 0.375 | -- | 0.375 | -- | 0.375 | -- | 0.375 | -- | 0.375 | -- | 0.375 | -- | |
| 7.000 | 102.750 | DOCUMENTATION LEVEL | |||||||||||||
| 7.125 | 103.000 | Stated Income (NIV) | -- | (0.125) | -- | (0.125) | -- | (0.125) | -- | (0.500) | -- | (0.750) | -- | (0.875) | |
| 7.250 | 103.250 | No Ratio (NID) | -- | (0.250) | -- | (0.375) | -- | (0.500) | -- | ** | -- | ** | -- | ** | |
| 7.375 | 103.500 | No Income/No Asset (NID/NAD) | -- | (0.250) | -- | (0.750) | -- | (1.125) | -- | ** | -- | ** | -- | ** | |
| 7.500 | 103.750 | No Doc (NID/NAD/NED) | -- | (0.375) | -- | (1.125) | -- | (1.500) | -- | ** | -- | ** | -- | ** | |
| 7.625 | 104.000 | Stated Income/Stated Assets (NIV/NAV) | -- | (0.250) | -- | (0.625) | -- | (0.750) | -- | (1.125) | -- | (1.500) | -- | (1.500) | |
| 7.750 | 104.250 | NO M.I. | |||||||||||||
| 7.875 | 104.375 | No MI Feature | -- | -- | -- | -- | -- | -- | 0.500 | -- | 0.750 | -- | 1.000 | -- | |
| 8.000 | 104.500 | PURPOSE | |||||||||||||
| 8.125 | 104.625 | Cash Out | -- | (0.250) | -- | (0.250) | -- | (0.250) | -- | (0.750) | -- | (1.000) | -- | N/A | |
| OCCUPANCY TYPE | |||||||||||||||
| 2nd Home | -- | (0.750) | -- | (0.750) | -- | (0.750) | -- | (1.000) | -- | (1.250) | -- | N/A | |||
| NOO | 0.250 | -- | 0.250 | -- | 0.250 | -- | 0.375 | -- | 0.500 | -- | -- | N/A | |||
| PROPERTY TYPE | |||||||||||||||
| 2 Units | -- | (0.250) | -- | (0.250) | -- | (0.250) | -- | (0.375) | -- | (0.375) | -- | (0.500) | |||
| 3-4 Units | -- | (0.750) | -- | (0.750) | -- | (0.750) | -- | (1.000) | -- | (1.125) | -- | (1.250) | |||
| Condo <= 4 | -- | -- | -- | -- | -- | -- | -- | (0.500) | -- | (0.500) | -- | (0.500) | |||
| Condo > 4 | -- | (0.750) | -- | (0.750) | -- | (0.750) | -- | (0.750) | -- | (0.750) | -- | (0.750) | |||
| AMORTIZATION TYPE | |||||||||||||||
| 15 Year | (0.500) | -- | (0.500) | -- | (0.500) | -- | (0.500) | -- | (0.500) | -- | (0.500) | -- | |||
| *PREPAYMENT PENALTY | |||||||||||||||
| States w/3 Yr PP | (0.125) | -- | (0.125) | -- | (0.125) | -- | (0.125) | -- | (0.125) | -- | (0.125) | -- | |||
| States w/5 Yr PP | (0.250) | -- | (0.250) | -- | (0.250) | -- | (0.250) | -- | (0.250) | -- | (0.250) | -- | |||
| GIFT PROGRAMS | |||||||||||||||
| 90-10% Gift | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.750) | -- | -- | |||
| 80-20% Gift - Stated Income | -- | -- | -- | -- | 0.250 | -- | -- | -- | -- | -- | -- | -- | |||
| PIGGYBACK PROGRAMS | |||||||||||||||
| CLTV 95.01 - 100% | 0.500 | -- | 0.500 | -- | 0.500 | -- | N/A | N/A | N/A | N/A | N/A | N/A | |||
| Maximum Pricing: | Escrows: Required on ALL Loans with LTVs > 80% (Subject to state law) | ||||||||||||||
| O/O, 2ndHm < = $333,700 - w/PP OR w/oPP | 103.000 | Piggybacks: 1st Mtg use above adjustments; 2nds & HELOC adjustments are on Pg 5 & 6 | |||||||||||||
| O/O, 2ndHm > $333,700 <= $650K - w/oPP | 102.500 | 1st Mtg - 5_AA-AAAP-PIG = 30 YR FIXED ALT A AP; 4_AA-AAAP-PIG = 15 YR FIXED ALT A AP | |||||||||||||
| O/O, 2ndHm > $333,700 <= $650K - w/PP | 103.000 | 2nd Mtg - Fixed 2nd OR HELOC pricing matrix | |||||||||||||
| O/O, 2ndHm > $650K <= $1M - w/PP OR w/oPP | 101.500 | *PrePayment Penalty: Must be 3 Year or 5 Year State Max in order to receive Adjustment. | |||||||||||||
| O/O, 2ndHm > $1M - w/PP OR w/oPP | 100.500 | Buy Up allowed @ 1:1, max price & state restrictions applies | |||||||||||||
| NOO - w/PP OR w/oPP | 102.000 | ** See Program 51or 52 page 2 | |||||||||||||
| NA = Not Available | |||||||||||||||