LIBERTY MORTGAGE WHOLESALE PRICE SHEET 1 OF 4 Expiration Dates
Visit our website at: www.bbandt.com/libertymortgage for current rates, and price changes. 15 Day: 23-Aug-08
AL,AR,CO,CT,DC,FL,GA,IA,IL,IN,KS,KY,LA,MD,MN,MO,MS,NC,ND,NE,NM,OH,OK,PA,RI,SC,SD,TN,TX,VA,WI,WV 30 Day: 7-Sep-08
45 Day: 22-Sep-08
Date: 08/08/08 60 Day: 7-Oct-08
SPECIAL:--.25% better on Purchase Conforming Conv & Gov't for 40, 30, 20, 15, & 10 yr Fixed.
Purchase Incentive not eligible for: Investor Properties or Interest Only Loans.
UW Dates: Conv Pur: 8/07/08 Refi: 8/06/08 Conditions: 2 days || FHA Pur: 8/06/08 Refi: 8/05/08 Conditions:2 days
STATE ADJUSTMENTS FOR ALL PRODUCTS
Florida, Texas Properties --Improve pricing by .125%
FHLMC/FNMA CONFORMING CONVENTIONAL PROGRAMS
All Conv pricing is quoted for loan amounts equal to or over $175,000. For lower loan amounts see loan amount adjustments below
101-430 30 Year Fixed 104-450 20 Year Fixed 102-415 15 Year Fixed 110-410 10 Year Fixed
RATE 15 Day 30 Day RATE 15 Day 30 Day RATE 15 Day 30 Day RATE 15 Day 30 Day
5.875% 97.750 97.375 6.000% 98.250 97.875 5.000% 96.375 96.000
6.000% 98.500 98.125 6.125% 98.625 98.250 5.125% 96.750 96.375 5.250% 97.625 97.375
6.125% 99.000 98.625 6.250% 99.375 99.000 5.250% 97.500 97.125 5.375% 98.250 98.000
6.250% 99.750 99.375 6.375% 100.000 99.625 5.375% 98.125 97.750 5.500% 98.625 98.375
6.375% 100.375 100.000 6.500% 100.375 100.000 5.500% 98.625 98.250 5.625% 99.000 98.750
6.500% 101.000 100.625 6.625% 100.750 100.375 5.625% 99.000 98.625 5.750% 99.750 99.500
6.625% 101.375 101.000 6.750% 101.625 101.250 5.750% 99.625 99.250 5.875% 100.250 100.000
6.750% 102.000 101.625 6.875% 102.000 101.625 5.875% 100.250 99.875 6.000% 100.625 100.375
6.875% 102.750 102.375 7.000% 102.250 101.875 6.000% 100.750 100.375 6.125% 100.875 100.625
7.000% 102.875 102.500 7.125% 102.500 102.125 6.125% 101.125 100.750 6.250% 101.750 101.500
7.125% 103.125 102.750 7.250% 103.125 102.750 6.250% 101.875 101.500
7.250% 103.500 103.125 7.375% 103.625 103.250 6.375% 102.250 101.875
7.375% 103.750 103.375 7.500% 104.000 103.625 6.500% 102.625 102.250
7.500% 103.875 103.500 7.625% 104.250 103.875 6.625% 103.000 102.625
7.625% 104.000 103.625 6.750% 103.250 102.875
7.750% 104.125 103.750
7.875% 104.250 103.875
FHLMC SISA (SIMSON) , Not eligibile for LPMI loans, OFHEO, Investor, ARMS, Interest Only or States of MD, MN, & OH
All SISA FHLMC Loans have guidelines on website. (101-SISA; 104-SISA; 102-SISA; 110-SISA, 119-SISA ), Not eligible for DO/DU
LP Decision must reflect "STATED EXPRESS" Documentation acceptable. Effective 5-12-08 Maximum LTV 80% for all SISA programs.
119-440 40 Year Fixed 120-440 40 Yr INTEREST ONLY 107-430 30 Yr INTEREST ONLY Conventional Affordable Programs
RATE 15 Day 30 Day RATE 15 Day 30 Day RATE 15 Day 30 Day
6.375% 98.875 98.500 6.250% 97.000 96.750 6.250% 98.125 97.875 101-495 Advantage 95 / ALT 95
6.500% 99.500 99.125 6.375% 97.750 97.500 6.375% 98.750 98.500 LTV's> 90%15 yr, except Aminus\ SECOND HOME -0.250
FICO - LTV's 60.01-70% 70.01-75% 75.01-80% 80.01-85% 85.01-95% SISA Loan less 740 FICO (Extend, relock, or locks) -0.500
>=720 0.000 0.000 -0.250 0.000 + 0.250 Loan w/Subordinate Financing with LTV > 75% -0.250
700-719 -0.500 -0.500 -0.750 -0.500 -0.250 2 UNIT OWNER OCC…Max LTV 95.0% -0.500
680-699 -0.500 -0.500 -1.000 -0.500 -0.250 3-4 UNIT ALL PROPERTIES…Max LTV 80% -1.000
660-679 -0.500 -1.250 -1.750 -1.500 -1.000 1-4 UNIT INVESTOR … 0.01-70.0% Min FICO 720 -1.500
640-659 -0.500 -1.750 -2.250 -2.000 -1.500 ESCROW WAIVER FEE (UP TO 80% LTV) -0.250
620-639 -0.750 -2.500 -2.750 -2.750 -2.250 45 day lock - worsen 30 day .25 or 60 day lock - worsen 30 day .375
-0.750 -2.750 -2.750 N/A N/A LOAN AMTS $100,000 - $174,999 -0.125
** (LTV 15 Yr and FICO >= 700 +.250) ** LOAN AMTS $50,001 - $99,999 -0.500
CASH OUT ADJUSTMENTS ALL APPLICABLE LOANS LOAN AMTS $50,000 and below -1.000
FICO LTV's-> =740 0.000 0.000 -0.250 -0.375 15 day Lock after Feb 1 1st 10 day extension worsen price by .25
700-739 0.000 -0.125 -0.500 -1.000 additional 10 day extensions worsen price by .125
680-699 0.000 -0.250 -0.875 -2.000 Commitment Fee: TX Only $400.00
660-679 0.000 -0.250 -1.000 N/A Tax Service: $85.00 Commitment Fee: NC Only $550.00
620-659 0.000 -0.750 -2.250 N/A Flood Cert: $10.00 Underwriting: Except NC & TX $380.00
-1.000 -1.750 -2.750 N/A Closing Redraws $100.00 Loan Handling: Except NC & TX $150.00
Conforming Jumbo OFHEO Loans - Adjustments above apply and are CUMULATIVE to additional OFHEO adjustments
All Conf Jumbo OFHEO Loans -0.750 http://www.ofheo.gov/media/hpi/area_list.pdf No Investor
Conf Jumbo OFHEO Rate/Term Refi 75.01-90 % LTV -0.500 75% LTV or FICO 660 SINGLE Premium LPMI All Loans Eligible ADDITIONAL LPMI PRICE ADJUSTMENTS on ALL PRODUCTS
LTV --> 90.01-95% 85.01-90% 80.01-85% 41% 41% 41% Cash Out Refinances (Max LTV 85%;FICO 700) Own Occ Only -0.750
NO FICO 720+ 2.750 1.750 1.250 No Cash Out Refinances -0.375
SISA 700-719 2.750 1.750 1.250 Second Homes (Max LTV 90% FICO 680) -0.625
A-Minus 680-699 3.250 2.125 1.375 Loan Amounts > $417,000 ( No Second Home, No Cash Out) -1.375
Manufactur 660-679 4.500 3.000 1.875 LPMI Loan with Term 240 months or less Credit +.500
640-659 4.500 3.000 1.875 No Investment Property Allowed
LPMI --> 620-639 4.500 3.000 1.875 No SISA, No A-minus, No Manufactured 95-90.01% 90-80.01% 80%-75.01 75-60.01% =700 - =660 - =620 - =580 - 75% -0.250
Loan amts below $50K - .50% adjustment Escrow Waiver on all Programs -0.250
2 unit Owner Occupied Max 95% LTV -0.500 Each 10 day extension for ARMS before 5:00 E.T. -0.125
AUS FICO ADJUSTERS - All Loan Sizes CASH OUT ADJUSTMENTS ALL APPLICABLE LOANS
Jumbo LTV's As Allowed Per Product Guidelines
FICO - LTV's =720 0.000 0.000 0.000 -0.250 0.000 + 0.250 FICO =740 0.000 0.000 -0.250 -0.375
680-699 -0.500 -0.500 -0.500 -1.000 -0.500 -0.250 700-739 0.000 -0.125 -0.500 -1.000
660-679 -0.500 -0.500 -1.250 -1.750 -1.500 -1.000 680-699 0.000 -0.250 -0.875 -2.000
640-659 -0.500 -0.500 -1.750 -2.250 -2.000 -1.500 660-679 0.000 -0.250 -1.000 N/A
620-639 -0.750 -0.750 -2.500 -2.750 -2.750 -2.250 620-659 0.000 -0.750 -2.250 N/A
Below 620 N/A -0.750 -2.750 -2.750 N/A N/A Below 620 -1.000 -1.750 -2.750 N/A
LPMI --> SINGLE PREMIUM LPMI PRICE ADJUSTMENTS
SINGLE Premium LPMI All Loans Eligible ADDITIONAL LPMI PRICE ADJUSTMENTS on ALL PRODUCTS
LTV --> 90.01-95% 85.01-90% 80.01-85% 41% 41% 41% Cash Out Refinances (Max LTV 85%;FICO 700) Own Occ Only -0.750
FICO 720+ 2.750 1.750 1.250 No Cash Out Refinances -0.375
700-719 2.750 1.750 1.250 Second Homes (Max LTV 90% FICO 680) -0.625
680-699 3.250 2.125 1.375 Loan Amounts > $417,000 ( No Second Home, No Cash Out) -1.375
660-679 4.500 3.000 1.875 LPMI Loan with Term 240 months or less Credit +.500
640-659 4.500 3.000 1.875 No Investment Property Allowed
620-639 4.500 3.000 1.875 No SISA, No A-minus, No Manufactured
Eligible for Conforming and Jumbo Products per Guidelines
JUMBO ARM PRODUCT TREASURY and INTEREST ONLY PRICING
335-983J 3/1 ARM Amounts to $1,000,000 353-985J 5/1 ARM Amounts to $1,000,000 381-987J 7/1 ARM - Amts to $1,000,000
6.750% 100.625 6.625% 100.500 6.750% 100.125
6.875% 2% First, 2% Annual, 5% Life 100.875 6.750% 2% First, 2% Annual, 5% Life 100.750 6.875% 5/2/5 Caps 100.500
7.000% CONVERTIBLE 101.000 6.875% CONVERTIBLE 101.000 7.000% NON-CONVERTIBLE 100.625
7.125% 101.250 7.000% 101.000 7.125% ARM ASSUMABILITY 100.750
7.250% 2.75% MARGIN 101.375 7.125% 2.75% MARGIN 101.250 7.250% 2.75% MARGIN 101.250
7.375% All Price Adjustments Apply 101.500 7.250% All Price Adjustments Apply 101.375 7.375% All Price Adjustments Apply 101.500
7.500% 101.750 7.375% 101.500 7.500% 101.625
7.625% 101.875 7.500% 101.750 7.625% 101.875
7.750% 102.000 7.625% 101.875 7.750% 102.000
344-983J 363-985J 5/1 LIBOR JUMBO ARM - Non-Conv 377-987J 7-1 LIBOR JUMBO ARM -Non Conv
2% Annual Caps/ 5% Lifetime Cap, 2.25% MARGIN 5% First 2% Annual , 5% Life, 2.25 MARGIN 5% First /2% Annual / 5% Lifetime Cap, 2.25% MARGIN
393-983J 3/1 INT-Only LIBOR Jumbo Arm 398-985J 5/1 INT-Only LIBOR Jumbo Arm 395-987J 7/1 INT-Only LIBOR Jumbo -
6.625% 100.625 6.375% 99.625 6.750% 100.250
6.750% Non-Convertible 100.750 6.500% Non-Convertible 99.875 6.875% Non-Convertible 100.500
6.875% 2% First 2% Annual , 5% Life 100.875 6.625% 5% First 2% Annual , 5% Life 100.625 7.000% 100.625
7.000% 2.25% MARGIN 101.125 6.750% 2.25% MARGIN 100.875 7.125% 2.25% MARGIN 100.750
7.125% 101.250 6.875% 101.000 7.250% 101.375
7.250% AUS Underwriting Eligible 101.375 7.000% AUS Underwriting Eligible 101.250 7.375% AUS Underwriting Eligible 101.625
7.375% All Price Adjustments Apply 101.625 7.125% All Price Adjustments Apply 101.375 7.500% All Price Adjustments Apply 101.750
7.500% 101.750 7.250% 101.500 7.625% 102.125
7.625% 101.875 7.375% 101.750 7.750% 102.250
7.750% 102.000 7.500% 101.875 7.875% 102.500
396-910J 10/1 INT-Only LIBOR Jumbo - NC
/ / REMINDER \ \ INCREASE RATE OF 7/1 INTEREST ONLY
PAGE 3 & 4 PRODUCTS MUST BE LOCKED BY 5:00 PM EST ADD .25 to RATE of 7/1 Int Only
NO OVERNIGHT PROTECTION ON PAGE 3 or 4
NO 15 DAY PRICING ALLOWED ON ANY ARMS
JUMBO ARM PRICE ADJUSTMENTS ALL ADJUSTMENTS ARE CUMULATIVE
2 Unit Properties (own occ) -0.500 .01% - 70.00% -1.500 -0.75
3-4 Unit Properties (own occ) -1.000 Loan with Subordinate Liens LTV > 75% -0.250 Loans over $2,000,000 contact Rep for Quote Form
Second Home -0.250 All ARMS amts over $1,000,001 Add .25 to MARGIN
Escrow Waiver on all Programs -0.250 Each 10 day extension for ARMS before 5:00 E.T. -0.125 Lock Term for 45 days reduce 30 day price by .25
Lock Term for 60 days reduce 30 day price by .375
LIBERTY MORTGAGE CORPORATION IS AN EQUAL HOUSING LENDER.
Liberty Mortgage Corporation is distributing this information to our consenting customers specifically in accordance with CAN-SPAM Act of 2003.
To Opt Out Liberty Mortgage Corporation, 3720 Davinci Ct, Suite 150, Norcross, GA 30092 1-800-940-4032 or 770-936-3250 or Email at: brokermktg@bbandt.com
AL,AR,CO,CT,DC,FL,GA,IA,IL,IN,KS,KY,LA,MD,MN,MO,MS,NC,ND,NE,NM,OH,OK,PA,RI,SC,SD,TN,TX,VA,WI,WV
Date 08/08/08
Please note - All rates and prices and must be locked by 5:00 PM EST.
111-750 30 YR JUMBO FIXED
RATE 15 day 30 day 112-751 15 YR JUMBO FIXED
7.250% 97.375 97.125 RATE 15 day 30 day
7.375% 98.125 97.875 6.750% 98.125 97.875
7.500% 98.875 98.625 6.875% 98.625 98.375
7.625% 99.625 99.375 7.000% 99.125 98.875
7.750% 100.250 100.000 7.125% 99.750 99.500
7.875% 100.625 100.375 7.250% 100.500 100.250
8.000% 101.000 100.750 7.375% 101.000 100.750
8.125% 101.500 101.250 7.500% 101.375 101.125
8.250% 101.625 101.375 7.625% 102.000 101.750
8.375% 102.125 101.875 7.750% 102.625 102.375
8.500% 102.875 102.625 7.875% 103.000 102.750
8.625% 103.250 103.000 8.000% 103.375 103.125
8.750% 103.375 103.125
8.875% 103.500 103.250
No Minimum Loan Amt | All Adjustments Apply No Minimum Loan Amt | All Adjustments Apply
Loans Amts under $75,000 worsen price .50 Loans Amts under $75,000 worsen by .50
Eligible for 95% TLTV Full Doc Combo's Eligible for 95% TLTV Full Doc Combo's
Adjust Price by worsening .25 to 111-750 above, Not eligible for Credit Score Incentive
Eligible for 95% TLTV Full Doc Combo's , See Guidelines on website
For Pricing Adjust above 111-750 worsening by 0.750
40 yr amort with 30 year Balloon, Manual Underwriting Required ; Not Eligible for Interest Only
Eligible for 95% TLTV Full Doc Combo's , See Guidelines on website
FULL DOC LOAN JUMBO FIXED PRICE ADJUSTMENTS ALL ADJUSTMENTS ARE CUMULATIVE
AUS FICO ADJUSTERS
Amortizations >15 yr Second Home -0.250
LTV LTV LTV Loans Amts under $75,000 -0.500
FICO 2 Unit Properties (own occ) -0.500
>=720 3-4 Unit Properties (own occ) -1.000
700-719 See Below AUS FICO Adjusters 1 Unit Investment Max 70% FICO 720 -1.500
680-699 at Bottom of Page -0.250
660-679
640-659 -0.250
620-639
Below 620 N/A NA NA
Loan Amt $417,000-650,000 & LTV 80.01-90% - 0.125
LTV LTV LTV Loan Amt $417,000-500,000 & LTV >90.00% - 0.375
FICO 60.01-75% 75.01-80% 80.01%-85% Loan Amt $1,000,001 - $2,000,000 -0.750
>=740 0.000 -0.250 -0.375 Loans over $2,000,000 contact Rep for Quote Form
700-739 -0.125 -0.500 -1.000
680-699 -0.250 -0.875 -2.000 45 day lock - worsen 30 day .25 or 60 day lock - worsen 30 day .375
660-679 -0.250 -1.000
620-659 -0.750 -2.250
Below 620 NA NA
SINGLE Premium LPMI All Loans Eligible ADDITIONAL LPMI PRICE ADJUSTMENTS
LTV --> 90.01-95% 85.01-90% 80.01-85%
Max DTI -> 41% 41% 41% Cash Out Refi (Max LTV 85%;FICO 700)
FICO 720+ No Cash Out Refinances
700-719 Second Homes (Max LTV 90% FICO 680)
680-699 Ln Amts > $417,000 ( No 2nd Home)
660-679 LPMI Loan with Term 240 months or less
640-659 No Investment Property Allowed
620-639 No SISA, No A-minus, No Manufactured
AUS FICO ADJUSTERS - All Loan Sizes
Jumbo LTV's As Allowed Per Product Guidelines
FICO - LTV's <=60.00 60.01-70% 70.01-75% 75.01-80% 80.01-85% 85.01-95%
THIS INFORMATION IS FOR USE BY MORTGAGE PROFESSIONALS ONLY AND FURTHER DISTRIBUTION IS PROHIBITED. RATES, FEES, TERMS AND CONDITIONS
ARE SUBJECT TO CHANGE WITHOUT NOTICE AND WE CANNOT HONOR RATE/FEE QUOTES WHICH HAVE BEEN POSTED IN ERROR. WE RESERVE THE RIGHT TO
LIMIT THE NUMBER OF LOCK-INS RECEIVED AT ANY ONE TIME. LIBERTY MORTGAGE CORPORATION IS AN EQUAL HOUSING LENDER.
Liberty Mortgage Corporation is distributing this information to our consenting customers specifically in accordance with CAN-SPAM Act of 2003.
To opt-out Liberty Mortgage Corporation, 3720 Davinci Ct, Suite 150, Norcross, GA 30092 1-800-940-4032 or 770-936-3250 or email at brokermktg@bbandt.com