August 10, 2007
Pricing Effective 4:00 P.M. EDT
No Overnight Protection Available
Consumer Lending Price Indication Sheet
Home Equity Line of Credit (doc #5557)
Line Amount $200,000 - $500,000 $100,000 - $199,999 $50,000 - $99,999 $0 - $49,999 Commission* $1,200 $1,000 $800 $600
Max Commission $2,500 Min. Commission $300
*Minimum draw of $35,000 is required or commission is reduced by half
Margins at PAR pricing are displayed. Add margin to current prime rate
CLTV Credit Score 720+ 700-719 680-699 660-679 640-659 620-639 <=80.00% 0.500% 0.750% 0.875% 1.500% 2.375% 3.875% 80.01%-89.99% 0.750% 1.000% 1.625% 2.000% N/A N/A 90.00%-95.00% 1.750% 2.250% 3.750% N/A N/A N/A 95.01%-100.00% 2.500% 2.500% 4.000% N/A N/A N/A
CLTV Additional Adjustments to 80.01%90.00%95.01%Additional Information <=80.00% Margin: 89.99% 95.00% 100.00% Buyup: 1:1 to max premium of 101.00 Loan Size <=$50,000 +0.500% +0.750% +1.000% +1.250% (Based on Drawn Amount) Second Home +0.250% +0.250% +0.250% +0.250% Buydown: 2.5:1 down to 0.50 in margin Investment Property +0.250% +0.500% +0.500% (up to 90%) (Based on Line Amount) Mid- & High-Rise Condos +0.250% +0.250% +0.500% +0.625% 2-Unit +0.250% +0.250% +0.375% +0.500% Early Termination Fee: $450 (36 mos.) 3/4 Unit +0.375% +0.375% n/a n/a Floor Rate: 3% below Fully Indexed Rate SIVA/NIV with FICO 720+ 0.000 +0.125% +0.250% N/A Ceiling Rate: 18.00% SIVA/NIV with FICO <720 +0.250% +0.375% +0.375% N/A SISA with FICO 720+ +0.375% +0.500% +0.500% N/A Index: WSJ Prime Rate 8.25% SISA with FICO <720 +0.500% +0.625% +0.750% N/A YSP based on draw amount Commission based on line amount EA Level 1 response on 1st Lien +0.625% +0.625% +0.625% +0.625% EA Level 2 response on 1st Lien +1.125% +1.125% +1.125% +1.125% ** Margin adjustments are based on HLTV. System margin adjustments currently reflect CLTV as HLTV. HLTV is calculated using the full amount of the line of credit
30 Due In 15 Second Mortgage Rates (doc
Loan Amounts $200,001 - $500,000
Credit Score
740+ 720-739 680-719 660-679 640-659 620-639 100.00 <= 80% CLTV 101.00 102.00 100.00 80.01-89.99% CLTV 101.00 102.00 100.00
#5551)
Rates Displayed Apply to Both Prepay and No-Prepay Options. Price Above 101.00 Requires Prepay Option Max premium paid with prepay penalty is 103.00 Max premium paid without prepay penalty is 101.00 All Locks are 30 Days Maximum Loan Amount is $500,000
90-95% CLTV 101.00 95.01-100% CLTV 101.00 102.00
102.00
100.00
7.875% 8.125% 8.625% 9.125% 10.250% 10.875%
8.250% 8.500% 9.000% 9.500% 10.625% 11.250%
<= 80% CLTV 101.00
8.750% 9.000% 9.500% 10.000% 11.125% 11.750%
8.375% 8.625% 9.375% 9.625%
8.750% 9.000% 9.750% 10.000%
9.250% 9.500% 10.250% 10.500%
9.250% 9.750% 10.125%
9.625% 10.125% 10.500%
10.125% 10.625% 11.000%
10.000% 10.375% 11.375%
10.375% 10.750% 11.750%
10.875% 11.250% 12.250%
Loan Amounts $100,001 - $200,000
Credit Score
740+ 720-739 680-719 660-679 640-659 620-639 100.00 102.00 100.00 80.01-89.99% CLTV 101.00 102.00 100.00 90-95% CLTV 101.00 102.00 100.00 95.01-100% CLTV 101.00 102.00
7.875% 8.125% 8.625% 9.125% 10.250% 10.875%
8.250% 8.500% 9.000% 9.500% 10.625% 11.250%
<= 80% CLTV 101.00
8.750% 9.000% 9.500% 10.000% 11.125% 11.750%
8.500% 8.750% 9.500% 10.000%
8.875% 9.125% 9.875% 10.375%
9.375% 9.625% 10.375% 10.875%
9.375% 9.875% 10.250%
9.750% 10.250% 10.625%
10.250% 10.750% 11.125%
10.000% 10.500% 11.500%
10.375% 10.875% 11.875%
10.875% 11.375% 12.375%
Loan Amounts $50,001 - $100,000
Credit Score
740+ 720-739 680-719 660-679 640-659 620-639 100.00 102.00 100.00 80.01-89.99% CLTV 101.00 102.00 100.00 90-95% CLTV 101.00 102.00 100.00 95.01-100% CLTV 101.00 102.00
8.125% 8.250% 8.750% 9.250% 10.250% 11.500%
8.500% 8.625% 9.125% 9.625% 10.625% 11.875%
<= 80% CLTV 101.00
9.000% 9.125% 9.625% 10.125% 11.125% 12.375%
8.625% 8.750% 9.250% 10.125%
9.000% 9.125% 9.625% 10.500%
9.500% 9.625% 10.125% 11.000%
9.500% 10.000% 10.375%
9.875% 10.375% 10.750%
10.375% 10.875% 11.250%
10.125% 10.750% 11.625%
10.500% 11.125% 12.000%
11.000% 11.625% 12.500%
Loan Amounts $10,000 - $50,000
Credit Score
740+ 720-739 680-719 660-679 640-659 620-639 100.00 102.00 100.00 80.01-89.99% CLTV 101.00 102.00 100.00 90-95% CLTV 101.00 102.00 100.00 95.01-100% CLTV 101.00 102.00
8.250% 8.625% 9.125% 8.750% 9.125% 8.375% 8.750% 9.250% 9.250% 9.625% 9.125% 9.500% 10.000% 9.750% 10.125% 9.750% 10.125% 10.625% 10.750% 11.125% 10.500% 10.875% 11.375% 12.000% 12.375% 12.875% 10, 15 or 20 Year Fixed Adjustments - 0.125% (to Rate unless Price is indicated) 5-Year Fixed - 0.250% 5/15 LIBOR ARM - 0.125% Interest-Only (ARMs ONLY) + 0.250% Fixed 2nd with EAL1 response on 1st Lien +0.625% Fixed 2nd with EAL2 response on 1st Lien +1.125% SIVA/NIV CLTV <80.00% + 0.500% SIVA/NIV CLTV >=80.00% + 0.625% SISA CLTV <80.00% + 0.500% SISA CLTV >=80.00% + 0.750% 3-4 Unit Properties + 1.000% Second Homes + 0.250% Investment Properties + 2.000% Mid- & High-Rise Condos + 0.500% New York properties - 0.250 from PRICE
9.625% 10.125% 10.625% 11.625%
10.125% 10.375% 10.625%
10.500% 10.750% 11.000%
11.000% 11.250% 11.500%
10.500% 11.000% 12.000%
10.875% 11.375% 12.375%
11.375% 11.875% 12.875%
Prepayment Penalty NOT Allowed in the Following States: AK, CO, IA, ID, KS, MA, MD, ME (ARMs), MN, NC, NJ, NM, NY, OH (non-purchase), PA (loan size <=$50K) RI, SC, UT, VT, WI (ARMs), WV, WY, VI Buyup to 103.00 @ 2:1 from 102.00 Buydown to 97.75 @ 3:1 from 100.00
All Second Mortgage ARMS must close in the name of Flagstar Bank, FSB and be table funded.
Maximum Interest Rate: (by state) Kansas = 12.00% Texas = less than 12.00% All Other States = 14.00%
6 Month LIBOR 5.40% ARM Margin 3.00%
Fixed loans closing in the name of "Flagstar Bank" - subtract .05 from price. Only loans authorized by Flagstar in the following states (CA, FL, IA, MA, NJ, NY, NC, PA, RI, VA) will be allowed to close in Flagstar's name.