Hom

epat

hH

omep

ath

"Not

ice:

Ple

ase

note

that

this

is n

ot a

clie

ntof

fer o

r sol

icita

tion

for a

ll lo

an p

rodu

cts

liste

d.A

ll lo

ans

subm

itted

for p

urch

ase

by G

reen

Tre

e S

ervi

cing

LLC

(“G

reen

Tre

e”)

mus

t be

elig

ible

for p

urch

ase

by G

reen

Tre

e an

d be

in fu

ll co

mpl

ianc

e w

ith th

e G

reen

Tr

ee L

oan

Prod

uct M

atrix

and

Gre

en T

ree

Clie

nt C

ontra

ct fo

r eac

hap

prov

ed c

lient

."

5/13

/201

32

WEL

CO

ME

YO

U’V

E G

OT

QU

ES

TIO

NS…

WE

’VE

GO

T A

NS

WE

RS.

(IF Y

OU

CA

N’T

HE

AR

US

…W

E’R

E U

SIN

G P

HO

NE

LI

NE

S, N

OT

MIC

OR

SP

EA

KE

RS

)

TO A

SK

A Q

UE

STI

ON

DU

RIN

G T

HE

S

ES

SIO

N, S

ELE

CT

THE

CH

AT

OR

IC

ON

, TY

PE

YO

UR

QU

ES

TIO

N A

ND

S

EN

D IT

TO

TH

E H

OS

T. Y

OU

MA

Y

ALS

O P

RE

SS

#6

ON

YO

UR

PH

ON

E K

EY

P

AD

TO

UN

MU

TE Y

OU

R L

INE

, AN

D

AS

K Y

OU

R Q

UE

STI

ON

DIR

EC

TLY

TO

TH

E H

OS

T.

?

5/13

/201

33

Age

nda

•Wha

t are

the

Hom

ePat

hP

rodu

cts?

•AU

S a

nd Q

ualif

icat

ions

•Hig

h B

alan

ce O

ptio

n•F

AQ

’s•Q

uest

ions

5/13

/201

34

Wha

t is

Hom

ePat

h?

•A

pro

gram

des

igne

d to

mov

e R

EO

hom

es•

The

bene

fits

incl

ude:

›Lo

w d

own

paym

ent a

nd fl

exib

le m

ortg

age

term

s (fi

xed-

rate

, ad

just

able

-rat

e)

›Av

aila

ble

for o

wne

r occ

upie

d, s

econ

d an

d in

vest

men

ts

›D

own

paym

ent o

f at l

east

3 p

erce

nt c

an b

e fu

nded

by:

borro

wer

s ow

n sa

ving

s;

Gift

s (if

no

min

imum

inve

stm

ent r

equi

red)

›N

o m

ortg

age

insu

ranc

e›

No

appr

aisa

l fee

s

5/13

/201

35

Ava

ilabl

e Te

rms

•Fi

xed

Opt

ions

:›

Con

form

ing

Lim

its

8-30

Yea

r Fix

ed

›H

igh

Bal

ance

Lim

its

20 Y

ear F

ixed

Hig

h Ba

lanc

e

30 Y

ear F

ixed

Hig

h Ba

lanc

e

•Ar

m O

ptio

ns:

›C

onfo

rmin

g Li

mits

5/1

LIB

OR

7/1

LIB

OR

›H

igh

Bal

ance

Lim

its

5/1

LIB

OR

5/13

/201

36

Tran

sact

ion

Type

and

Occ

upan

cies

•P

urch

ase

ON

LY o

f:›

Prim

ary

Res

iden

ce›

Seco

nd H

omes

›In

vest

men

t Pro

perti

es

5/13

/201

37

Elig

ible

Pro

perty

Typ

es

1-4

units

PU

D's

Fan

nie

Mae

War

rant

able

Con

do's

F

anni

e M

ae W

arra

ntab

le w

ith s

peci

al c

avea

ts

Mod

ular

/ Pre

-Cut

Leas

ehol

d E

stat

es

Prop

ertie

s lo

cate

d in

Haw

aii,

Wes

t Virg

inia

or N

ew Y

ork

are

not p

erm

itted

.

5/13

/201

38

Con

do C

avea

ts•

Flor

ida

Con

dos

›Se

cond

hom

es a

nd In

vest

men

t pro

perti

es n

ot p

erm

itted

›Pr

imar

y R

esid

ence

-fu

ll pr

ojec

t war

rant

y re

quire

d

›E

ligib

le P

roje

ct W

arra

nty

New

and

New

ly c

onve

rted

Atta

ched

Con

dom

iniu

m p

roje

cts

–M

ust h

ave

PER

S Fi

nal

Proj

ect A

ppro

val i

ssue

d by

FN

MA

(pos

ted

on e

Fann

iem

ae.c

om)

Esta

blis

hed

Atta

ched

Con

dom

iniu

m p

roje

cts*

–M

ust h

ave

Lend

er F

ull R

evie

w

•Le

nder

is n

ot re

quire

d to

war

rant

that

the

cond

omin

ium

pro

ject

mee

ts

Fann

ie M

ae’s

pro

ject

elig

ibili

ty c

riter

ia, p

rovi

ded

that

for e

ach

mor

tgag

e se

cure

d by

a c

ondo

min

ium

uni

t. (S

ee th

e C

lient

Gui

de fo

r the

pol

icy

on

Con

dom

iniu

m C

ompa

rabl

es)

•Th

e Le

nder

mus

t pro

vide

evi

denc

e of

:ad

equa

te h

azar

d/ho

meo

wne

rs

flood

if a

pplic

able

and

that

fide

lity

insu

ranc

e ex

ists

.

5/13

/201

39

Elig

ible

Bor

row

ers

•U

S C

itize

ns

•Pe

rman

ent R

esid

ent A

liens

›Pr

ovid

e Al

ien

Reg

istra

tion

Car

d if

borr

ower

is n

ot li

ving

in th

eU

.S.

•N

on-P

erm

anen

t Res

iden

t Alie

n›

Mus

t be

a le

gal r

esid

ent o

f the

U.S

. as

evid

ence

d by

soc

ial

secu

rity

num

ber

›M

ust b

e em

ploy

ed in

the

U.S

.›

Tax

Iden

tific

atio

n N

umbe

r (TI

N) i

s no

t acc

epta

ble

AU

S a

nd Q

ualif

icat

ions

AU

S a

nd Q

ualif

icat

ions

5/13

/201

311

Aut

omat

ed R

equi

rem

ents

•U

nder

writ

ing

thro

ugh

DU

is re

quire

d›

DU

reco

mm

enda

tion

of A

ppro

ve/E

ligib

le

•Th

e fo

llow

ing

DU

mes

sage

s m

ay b

e di

sreg

arde

d,

prov

ided

that

the

loan

com

plie

s w

ith a

ll H

omeP

ath

Mor

tgag

e re

quire

men

ts:

›An

y m

essa

ge re

latin

g to

am

ount

of M

I req

uire

d›

Any

mes

sage

that

say

s th

e m

axim

um a

llow

able

inte

rest

ed-p

arty

co

ntrib

utio

n ha

s be

en e

xcee

ded

on p

rinci

pal r

esid

ence

or s

econ

d ho

me

with

LTV

>90

%›

Any

mes

sage

rela

ted

to th

e le

vel o

f fie

ldw

ork

reco

mm

enda

tion

5/13

/201

312

Qua

lifyi

ng a

nd R

atio

s

Fixe

d R

ate

& LI

BOR

AR

MS

Fully

Am

ortiz

ing

Fixe

d R

ate

7/1

5/1

Qua

lify

at N

ote

rate

.Q

ualif

y us

ing

the

grea

ter o

f the

fully

-in

dexe

d, fu

lly-a

mor

tizin

g ra

te o

r Not

e ra

te +

2.

0%.

Rat

ios

are

eval

uate

d by

DU

to

a m

axim

um 5

0% D

TI

5/13

/201

313

Fixe

d R

ate

LTV

s/S

core

Req

uire

men

ts

5/13

/201

3

AR

M L

TVs/

Sco

re R

equi

rem

ents

5/13

/201

315

Sec

onda

ry F

inan

cing

•Is

Per

mitt

ed›

Ref

er to

LTV

cha

rts fo

r lim

itatio

ns

***D

PA

Pro

gram

s ar

e N

OT

perm

itted

***

5/13

/201

316

Und

erw

ritin

g A

utho

rity

•D

eleg

ated

›In

divi

dual

loan

am

ount

s <=

$1

mill

ion

›G

reen

Tre

e fir

st a

nd s

econ

d lie

ns: M

axim

um c

ombi

ned

loan

am

ount

<=

$1 m

illio

n

›G

reen

Tre

e fir

st a

nd o

ther

lend

er s

econ

d lie

ns: M

axim

um c

ombi

ned

loan

am

ount

<=

$1.2

5 m

illio

n

›G

reen

Tre

e to

tal o

vera

ll ex

posu

re w

ith a

bor

row

er <

= $1

.5 m

illio

n

Tota

l ove

rall

expo

sure

incl

udes

all

Gre

en T

ree

liens

on

all p

rope

rties

ow

ned

by th

e bo

rrow

er

•C

ondi

tiona

l Del

egat

ed

›H

igh

Bala

nce/

Supe

r Con

form

ing

loan

pro

duct

s ar

e no

t elig

ible

›In

divi

dual

loan

am

ount

<=

$650

,000

›G

reen

Tre

e fir

st a

nd s

econ

d lie

ns: M

axim

um c

ombi

ned

loan

am

ount

<=

$650

,000

›G

reen

Tre

e fir

st a

nd o

ther

lend

er s

econ

d lie

ns: M

axim

um c

ombi

ned

loan

am

ount

<=

$1 m

illio

n

›G

reen

Tre

e to

tal o

vera

ll ex

posu

re w

ith a

bor

row

er <

= $1

milli

on

Tota

l ove

rall

expo

sure

incl

udes

all

Gre

en T

ree

liens

on

all p

rope

rties

ow

ned

by th

e bo

rrow

er

•N

on D

eleg

ated

& B

roke

r›

All

loan

s m

ust b

e su

bmitt

ed to

Gre

en T

ree

5/13

/201

317

Cre

dit

•D

U A

ppro

ve/E

ligib

le re

com

men

datio

ns o

nly.

•M

ortg

age

Del

inqu

enci

es-L

oans

will

be in

elig

ible

w

ith:

›O

ne o

r mor

e m

ortg

age/

rent

al d

elin

quen

cy o

f 60,

90,

120

,150

da

ys o

r gre

ater

repo

rted

with

in 1

2 m

onth

s of

the

date

of t

he

cred

it re

port.

›Sh

ort p

ayof

f rel

ated

to a

del

inqu

ent m

ortg

age

oblig

atio

n w

ithin

th

e la

st s

even

yea

rs

›Pa

rtici

patio

n in

a re

stru

ctur

e of

the

mor

tgag

e du

e to

del

inqu

ency

.R

equi

res

48 m

onth

per

iod

to re

-est

ablis

h cr

edit

5/13

/201

318

Ban

krup

tcy/

Fore

clos

ures

•Sta

ndar

d co

nfor

min

g ba

nkru

ptcy

and

fore

clos

ure

guid

elin

es a

pply

. R

efer

to th

e C

orre

spon

dent

Fu

ndin

g C

lient

Gui

de (C

hapt

er 6

F) fo

r mor

e de

tails

.›

Cha

pter

7 B

ankr

uptc

yA

min

imum

of f

our y

ears

mus

t hav

e el

apse

d si

nce

the

date

of t

he

disc

harg

e or

dis

mis

sal o

f ban

krup

tcy

›C

hapt

er 1

3 B

ankr

uptc

yA

min

imum

of t

wo

year

s m

ust h

ave

elap

sed

sinc

e th

e da

te o

f the

di

scha

rge

of b

ankr

uptc

y

5/13

/201

319

Bor

row

er In

vest

men

t•

No

min

imum

bor

row

er in

vest

men

t req

uire

d w

hen:

›1

unit

Prim

ary

Res

iden

ce (e

xclu

ding

Hig

h B

alan

ce M

ortg

ages

> 8

0%)

›2-

4 un

its <

80%

›Se

cond

Hom

es<

80%

•5%

Inve

stm

ent f

rom

bor

row

ers

own

fund

s re

quire

d w

hen:

›2

–4

units

Prim

ary

Res

iden

ce >

80%

›H

igh

Bal

ance

Prim

ary

Res

iden

ce >

80%

›Se

cond

Hom

es >

80%

›Al

l Inv

estm

ent P

rope

rties

•Se

ller C

ontri

butio

ns: B

asis

for t

he li

mit

is b

ased

on

CLT

V ra

tio

›P

rimar

y R

esid

ence

and

Sec

ond

Hom

es

6% fo

r CLT

V >

75%

9% fo

r CLT

V <

75%

›In

vest

men

t Pro

perti

es

2%

5/13

/201

320

Gift

s an

d R

eser

ves

•G

ifts

›Pr

imar

y R

esid

ence

and

Sec

ond

Hom

es

Acc

epta

ble

prov

ided

Bor

row

er In

vest

men

tis

met

.

The

Borro

wer

Inve

stm

ent i

s w

aive

d on

prim

ary

resi

denc

es a

nd s

econ

d ho

mes

whe

n gi

ft fu

nds

redu

ce

the

LTV/

CLT

V to

<80

%.

›In

vest

men

t Pro

perti

es

Gift

s ar

e no

t per

mitt

ed.

•R

eser

ves

›Ad

ditio

nal r

eser

ves

may

be

requ

ired

by D

U b

ased

on

risk.

›Pr

imar

y R

esid

ence

1 –

4 un

its –

Follo

w D

U

If ei

ther

the

borro

wer

’s p

rimar

y re

side

nce

is fo

r sal

e, b

ut th

e sa

le w

ill no

t clo

se b

efor

e th

e N

ote

Dat

e of

th

e M

ortg

age

on th

e ne

w p

rimar

y re

side

nce,

or t

he b

orro

wer

is c

onve

rting

his

/her

prim

ary

resi

denc

e to

a

seco

nd h

ome

or In

vest

men

t pro

perty

; Six

mon

ths

PIT

IA re

serv

es re

quire

d fo

r bot

h th

e re

tain

ed a

nd

subj

ect p

rope

rties

›Se

cond

Hom

es a

nd In

vest

men

t Pro

perti

es

Follo

w D

U fo

r the

sub

ject

pro

perty

and

2 m

onth

s PI

TIA

for e

ach

addi

tiona

l fin

ance

d se

cond

hom

e or

in

vest

men

t pro

perty

5/13

/201

321

App

rais

als

•N

o ap

prai

sal i

s re

quire

d

•Th

e sa

les

pric

e of

the

prop

erty

(as

evid

ence

d by

the

sale

s co

ntra

ct b

etw

een

Fann

ie M

ae

and

the

buye

r/bor

row

er) w

ill b

e us

ed a

s th

e pr

oper

ty v

alue

for p

urpo

ses

of lo

an d

eliv

ery

and

for d

eter

min

ing

the

LTV/

CLT

V

•C

lient

is n

ot re

quire

d to

repr

esen

t and

war

rant

the

valu

e or

con

ditio

n of

the

prop

erty

•If

the

borr

ower

, at i

ts o

ptio

n, c

hoos

es to

obt

ain

an a

ppra

isal

, the

n:›

The

borro

wer

mus

t ord

er th

e ap

prai

sal f

rom

an

appr

aise

r sel

ecte

dby

the

borro

wer

(and

not

one

re

com

men

ded

by L

ende

r), a

nd th

e ap

prai

sal m

ust b

e pa

id fo

r by

the

borro

wer

out

side

of t

he lo

an

trans

actio

n.

›Le

nder

mus

t not

requ

est a

cop

y of

the

appr

aisa

l, bu

t if o

ne is

pro

vide

d by

the

borro

wer

then

it m

ust b

e in

clud

ed in

the

loan

file

with

a n

ote

that

the

appr

aisa

l was

ord

ered

by

the

borr

ower

out

side

of t

he lo

an

trans

actio

n an

d w

as n

ot re

view

ed o

r app

rove

d by

Len

der.

›Th

e pr

oper

ty v

alue

sho

wn

on th

e ap

prai

sal w

ill n

ot im

pact

the

LTV

calc

ulat

ion

›Le

nder

mus

t inf

orm

the

borro

wer

that

the

purp

ose

of th

e bo

rrow

er-o

rder

ed a

ppra

isal

and

its

cont

ents

are

for

the

use

and

info

rmat

ion

of th

e bo

rrow

er o

nly,

and

will

not

be

cons

ider

ed fo

r pur

pose

s of

the

loan

tran

sact

ion

5/13

/201

322

Mor

tgag

e In

sura

nce

•N

OT

REQ

UIR

ED!!

5/13

/201

323

FNM

A H

omeP

ath

Logo

’s

5/13

/201

324

FNM

A H

omeP

ath

–Fi

rst L

ook

•Fi

rst L

ook

for F

anni

e M

ae H

omes

›Fi

rst L

ook

is d

esig

ned

to p

rovi

de o

wne

r occ

upan

ts a

nd b

uyer

s a

“firs

t loo

k”at

Fan

nie

Mae

hom

es. U

nder

Firs

t Loo

k, F

anni

e M

ae w

ill o

nly

cons

ider

of

fers

from

ow

ner o

ccup

ants

dur

ing

the

first

15

days

a p

rope

rty is

list

ed in

th

e lo

cal m

ultip

le li

stin

g se

rvic

e (M

LS).

If th

e pr

oper

ty is

stil

l for

sal

e on

the

16th

day

, inv

esto

r offe

rs m

ay b

e su

bmitt

ed a

nd w

ill b

e co

nsid

ered

.

•N

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