Second Mortgage Rates

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Second Mortgage Rates Powered By Docstoc
					                                                                                                                                                                     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                                                                               Commission*                                                  Max Commission
                               $200,000 - $500,000                                                                            $1,200                                                          $2,500
                               $100,000 - $199,999                                                                            $1,000
                                $50,000 - $99,999                                                                              $800                                                      Min. Commission
                                  $0 - $49,999                                                                                 $600                                                            $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                             <=80.00%                   80.01%-89.99%                 90.00%-95.00%                95.01%-100.00%
                           720+                                      0.500%                        0.750%                        1.750%                       2.500%
                           700-719                                   0.750%                        1.000%                        2.250%                       2.500%
                           680-699                                   0.875%                        1.625%                        3.750%                       4.000%
                           660-679                                   1.500%                        2.000%                          N/A                          N/A
                           640-659                                   2.375%                          N/A                           N/A                          N/A
                           620-639                                   3.875%                          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
   EA Level 1 response on 1st Lien     +0.625%   +0.625% +0.625%        +0.625%                             Commission based on line amount
   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                               #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
                                                                               Loan Amounts $200,001 - $500,000
                                          <= 80% CLTV                                 80.01-89.99% CLTV                                90-95% CLTV                               95.01-100% CLTV
      Credit Score             100.00         101.00           102.00        100.00         101.00      102.00             100.00        101.00          102.00         100.00        101.00     102.00
           740+              7.875%           8.250%           8.750%        8.375%         8.750%          9.250%         9.250%        9.625%         10.125%        10.000%          10.375%     10.875%
          720-739            8.125%           8.500%           9.000%        8.625%         9.000%          9.500%         9.750%       10.125%         10.625%        10.375%          10.750%     11.250%
          680-719            8.625%           9.000%           9.500%        9.375%         9.750%         10.250%        10.125%       10.500%         11.000%        11.375%          11.750%     12.250%
          660-679            9.125%           9.500%          10.000%        9.625%         10.000%        10.500%
          640-659            10.250%          10.625%         11.125%
          620-639            10.875%          11.250%         11.750%
                                                                               Loan Amounts $100,001 - $200,000
                                          <= 80% CLTV                                 80.01-89.99% CLTV                                90-95% CLTV                               95.01-100% CLTV
      Credit Score             100.00         101.00           102.00        100.00         101.00      102.00             100.00        101.00          102.00         100.00        101.00     102.00
           740+              7.875%           8.250%           8.750%        8.500%         8.875%          9.375%         9.375%        9.750%         10.250%        10.000%          10.375%     10.875%
          720-739            8.125%           8.500%           9.000%        8.750%         9.125%          9.625%         9.875%       10.250%         10.750%        10.500%          10.875%     11.375%
          680-719            8.625%           9.000%           9.500%        9.500%         9.875%         10.375%        10.250%       10.625%         11.125%        11.500%          11.875%     12.375%
          660-679            9.125%           9.500%          10.000%       10.000%         10.375%        10.875%
          640-659            10.250%          10.625%         11.125%
          620-639            10.875%          11.250%         11.750%
                                                                                Loan Amounts $50,001 - $100,000
                                          <= 80% CLTV                                 80.01-89.99% CLTV                                90-95% CLTV                               95.01-100% CLTV
      Credit Score             100.00         101.00           102.00        100.00         101.00      102.00             100.00        101.00          102.00         100.00        101.00     102.00
           740+              8.125%           8.500%           9.000%        8.625%         9.000%          9.500%         9.500%        9.875%         10.375%        10.125%          10.500%     11.000%
          720-739            8.250%           8.625%           9.125%        8.750%         9.125%          9.625%        10.000%       10.375%         10.875%        10.750%          11.125%     11.625%
          680-719            8.750%           9.125%           9.625%        9.250%         9.625%         10.125%        10.375%       10.750%         11.250%        11.625%          12.000%     12.500%
          660-679            9.250%           9.625%          10.125%       10.125%         10.500%        11.000%
          640-659            10.250%          10.625%         11.125%
          620-639            11.500%          11.875%         12.375%
                                                                                 Loan Amounts $10,000 - $50,000
                                          <= 80% CLTV                                 80.01-89.99% CLTV                                90-95% CLTV                               95.01-100% CLTV
      Credit Score             100.00         101.00           102.00        100.00         101.00      102.00             100.00        101.00          102.00         100.00        101.00     102.00
           740+                    8.250%        8.625%    9.125%       8.750%        9.125%                9.625%        10.125%       10.500%         11.000%        10.500%          10.875%     11.375%
          720-739                  8.375%        8.750%    9.250%       9.250%        9.625%               10.125%        10.375%       10.750%         11.250%        11.000%          11.375%     11.875%
          680-719                  9.125%        9.500%   10.000%       9.750%       10.125%               10.625%        10.625%       11.000%         11.500%        12.000%          12.375%     12.875%
          660-679                  9.750%       10.125%   10.625%      10.750%       11.125%               11.625%
          640-659                 10.500%       10.875%   11.375%
          620-639                 12.000%       12.375%   12.875%
          Adjustments          10, 15 or 20 Year Fixed                               - 0.125%                                          Prepayment Penalty NOT Allowed in the Following States:
(to Rate unless Price is indicated)
                               5-Year Fixed                                          - 0.250%
                               5/15 LIBOR ARM                                        - 0.125%                              AK, CO, IA, ID, KS, MA, MD, ME (ARMs), MN, NC, NJ, NM, NY, OH (non-purchase), PA
                               Interest-Only (ARMs ONLY)                            + 0.250%                                             (loan size <=$50K) RI, SC, UT, VT, WI (ARMs), WV, WY, VI
                               Fixed 2nd with EAL1 response on 1st Lien              +0.625%                                         Buyup to 103.00 @ 2:1 from 102.00
                               Fixed 2nd with EAL2 response on 1st Lien              +1.125%                                        Buydown to 97.75 @ 3:1 from 100.00
                               SIVA/NIV CLTV <80.00%                                + 0.500%                            All Second Mortgage ARMS must close in the name of
                               SIVA/NIV CLTV >=80.00%                               + 0.625%                            Flagstar Bank, FSB and be table funded.
                               SISA CLTV <80.00%                                    + 0.500%
                               SISA CLTV >=80.00%                                   + 0.750%
                               3-4 Unit Properties                                  + 1.000%                                                                                              6 Month LIBOR
                               Second Homes                                         + 0.250%                            Maximum Interest Rate: (by state)                                     5.40%
                               Investment Properties                                + 2.000%                              Kansas = 12.00%                                                  ARM Margin
                               Mid- & High-Rise Condos                              + 0.500%                              Texas = less than 12.00%                                            3.00%
                               New York properties                       - 0.250 from PRICE                               All Other States = 14.00%
    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.

				
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