wholesale rate sheet - fremont bank · wholesale rate sheet rates as of announcements - weekly turn...
TRANSCRIPT
Wholesale Rate Sheet
Rates as of
Announcements - Weekly Turn Times - Effective for Aug 28- Sept 1Pricing Improvement: Conforming 30 Yr Fixed Loans Cutoff Dates: Last Day For Closing This Month Cutoff Date
We want all your conforming business too! Last day to acknowledge CD (refi)
Effective Sept 1st through Sept 30th, we meaningfully improved our conforming Last day to sign to fund and record (refi)
30 Yr. fixed base price and added a purchase special of .125%. Loan Registration Turn Times
Purchase 24 hours
Refinance 24 - 48 hours
Underwriting Turn Times Turn Times
New Product Offering: Gold Jumbo 90 - Effective on/after July 18th Purchase Transactions: Initial u/w * Condition u/w
This new program allows jumbo clients the benefit of down payments as low as 10% Conventional 1 - 2 days 2-3 days
(up to 90% LTV/CLTV) without the requirement of Mortgage Insurance Jumbo Gold 1 - 2 days 2-3 days
See page 7 of the rate sheet for pricing details Jumbo Port 406 & 407 1 - 2 days 2-3 days
FHA purchase 1 - 2 days 1 - 2 days
Rate Sheet IndexFNMA (Gold) Pg. 2 Refinance Transactions: Initial u/w * Condition u/w
FNMA (Gold) LLPA's Pg. 3 Conventional 2-4 days 3-4 days
FHLMC (Standard) Pg. 4 Jumbo Gold 2-4 days 3-4 days
FHLMC (Standard) LLPA's Pg. 5 Jumbo Port 406 & 407 2-4 days 3-4 days
Gold Jumbo Fixed & ARM's Pg. 6 FHA refi/streamline 1 - 2 days 1 - 2 days
Gold Jumbo 90 Fixed -QM Pg. 7 * Condition u/w includes processing time!
Gold Jumbo Plus Fixed - Non-QM Pg. 8 Loans in NOI status: condition / re-underwrite review: 4-5 days (purchase and refi)
FHA Pg. 9
Jumbo Portfolio 5/1 Arm Pg. 10
Jumbo Portfolio 7/1 Arm Pg. 11 Docs & Funding Turn Times
Home Equity Line of Credit Pg. 12 Docs 24 hours purch/24 - 48 hours refi
HELOC 360 Pg. 13 Funding 24 - 48 hours
AE Contact Info Pg. 14
Lock Extension Fees & Notes: Submissions Desk: [email protected] Lock Desk: [email protected]
Minimum Loan amount $125,000 for all terms and products MORRIS Support: [email protected] MORRIS Phone: 844-766-7747
GOLD & Standard: 1st extension 0.015/day - 20 day max; 2nd extension is 0.03/day - 10 day max; Max 2 extensions Fremont Bank Website
Send request on lock form to [email protected] before 4:00PM PT on day of expiration. Same Day Submission cutoff time is 2:00PM PST.
All Jumbo extensions: 5 days + 0.10; 10 days + 0.20; 15 days + 0.30; 20 days +0.40; 30 days (MAX) 0.60 Signed Documents sent back to Livermore Loan Center
Gold Jumbo extension: Submit lock form to [email protected] before 4:00PM PT on day of expiration. 2580B Shea Center Drive, Livermore, CA 94551
No relocks allowed on any JUMBO program.Gold Jumbo cutoff time 4:00PM for new locks
Cutoff time for new Jumbo locks(previously submitted): Gold Jumbo 4:00PM PT
All Jumbo locks must be credit approval prior to lock, effective 02-16-16 Lender Origination fees for LE: Delivery Fee $ 25, Document
Preparation Fee $ 125, Underwriting Fee $800 = $ 950
All FHA extensions: 0.02/day - 30 day max. Min extension is 5 days. FHA Origination Fees for LE: Delivery Fee $ 25, Document
All FHA relocks: 36bps/ 15days; 66bps/ 30days - 30 day max. Preparation Fee $ 50, Underwriting Fee $ 395 = $ 470
Jumbo Port 5/1 & 7/1 program 406/407 Lock Eligibility: * Section B of LE: Flood $5.25, Tax $60 (Tax N/A for FHA)
Loans that fit guidelines and are < $1M are lock eligible upon receipt of file submission.
Loans > $1M or loans that require a guideline exception must have an 'Approval to Process' to be lock eligible
FNMA - Gold Only (Niche) Scenarios: Loss Payee Clause: CPL: Fremont Bank
* Using 2nd job income @ job < 2 Yrs but > 1 Yr * C5 appraisal condition rating Fremont Bank 39150 Fremont Blvd.
* > 6 financed properties when subject is investment or 2nd home ISAOA, ITS SUCCESSORS OR ASSIGNEES Fremont, CA 94538
P.O. Box 7295
FHLMC - Standard Only (Niche) Scenarios: Fremont, CA 94537-7295
* Unpermitted Accessory Unit * Debt to be paid off to qualify that cannot be closed
* DTI > 45% + LP Approval For rate lock policy click on: Lock Policy
For underwriting guidelines click on: Guidelines
Pricing subject to change without notice - NO OFF SHEET PRICING
Intended for approved Mortgage Brokers use only and not for consumer use or for public distribution. The terms and programs are subject to change without notice.
Please refer to our website or contact us for current information.
9/5/17 8:43 AM
Wednesday, August 23, 2017
Monday, August 28, 2017
1 Announcements
Rates as of
FNMA (GOLD): Conforming & High Balance Fixed Rate First Mortgages - DU only underwritingLOS Plan 670
MORRIS Plan 113
LOS Plan 670
MORRIS Plan 114
Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day
3.500 (0.949) (0.779) (0.689) 3.250 (0.568) (0.398) (0.298)
3.625 (1.693) (1.513) (1.423) 3.375 (1.392) (1.222) (1.132)
3.750 (2.336) (2.166) (2.066) 3.500 (2.219) (2.039) (1.949)
3.875 (2.885) (2.715) (2.625) 3.625 (2.804) (2.634) (2.534)
3.990 (3.341) (3.171) (3.071) 3.750 (3.317) (3.147) (3.057)
4.000 (3.441) (3.271) (3.171) 3.875 (3.758) (3.588) (3.498)
4.125 (4.085) (3.915) (3.815) 4.000 (4.096) (3.916) (3.826)
4.250 (4.687) (4.507) (4.417) 4.125 (4.601) (4.431) (4.341)
4.375 (5.197) (5.027) (4.927) 4.250 (5.045) (4.875) (4.775)
4.500 (5.381) (5.211) (5.111) 4.375 (5.420) (5.250) (5.160)
4.625 (5.917) (5.737) (5.647) 4.500 (6.009) (5.839) (5.739)
4.750 (6.446) (6.276) (6.176) 4.625 (6.441) (6.271) (6.171)
4.875 (6.921) (6.751) (6.651) 4.750 (6.872) (6.692) (6.602)
5.000 (7.091) (6.921) (6.821)
LOS Plan 670
MORRIS Plan 115
LOS Plan 670
MORRIS Plan 116
Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day
2.750 (0.782) (0.612) (0.512) 2.750 (0.982) (0.812) (0.712)
2.875 (1.306) (1.126) (1.036) 2.875 (1.328) (1.158) (1.058)
3.000 (1.848) (1.668) (1.578) 3.000 (1.703) (1.523) (1.433)
3.125 (2.297) (2.127) (2.027) 3.125 (1.994) (1.814) (1.724)
3.250 (2.788) (2.618) (2.518) 3.250 (2.775) (2.595) (2.505)
3.375 (3.224) (3.044) (2.954) 3.375 (3.053) (2.873) (2.783)
3.500 (3.613) (3.443) (3.343) 3.500 (3.303) (3.133) (3.043)
3.625 (4.005) (3.835) (3.745) 3.625 (3.562) (3.392) (3.292)
3.750 (4.372) (4.192) (4.102) 3.750 (3.792) (3.622) (3.522)
3.875 (4.505) (4.335) (4.245) 3.875 (3.960) (3.790) (3.700)
4.000 (4.555) (4.385) (4.285) 4.000 (4.295) (4.115) (4.025)
4.125 (4.880) (4.710) (4.610) 4.125 (4.521) (4.351) (4.251)
LOS Plan 671
MORRIS Plan 127
LOS Plan 671
MORRIS Plan 128
Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day
3.500 (0.379) (0.209) (0.109) 2.750 0.133 0.303 0.393
3.625 (1.123) (0.943) (0.853) 2.875 (0.352) (0.182) (0.082)
3.750 (1.786) (1.606) (1.516) 3.000 (0.844) (0.674) (0.574)
3.875 (2.315) (2.135) (2.045) 3.125 (1.213) (1.033) (0.943)
3.990 (2.681) (2.501) (2.411) 3.250 (1.614) (1.444) (1.354)
4.000 (2.781) (2.601) (2.511) 3.375 (2.040) (1.870) (1.780)
4.125 (3.425) (3.255) (3.165) 3.500 (2.419) (2.249) (2.149)
4.250 (3.997) (3.817) (3.727) 3.625 (2.741) (2.561) (2.471)
4.375 (4.437) (4.257) (4.167) 3.750 (2.978) (2.798) (2.708)
4.500 (4.541) (4.371) (4.271) 3.875 (3.071) (2.891) (2.801)
4.625 (3.697) (3.527) (3.427) 4.000 (2.971) (2.791) (2.701)
4.750 (4.196) (4.026) (3.936) 4.125 (2.376) (2.206) (2.116)
Intended for approved Mortgage Brokers use only and not for consumer use or for public distribution. The terms and programs are subject to change without notice.
Please refer to our website or contact us for current information.
9/5/17 8:43 AM
15 Year Fixed Rate Conf
30 Year Fixed Rate Conf
10 Year Fixed Rate Conf
20 Year Fixed Rate Conf
15 Year High Balance Fixed Rate 30 Year High Balance Fixed Rate
2 (FNMA) Gold
Rates as of
FNMA (GOLD): Conforming & High Balance LLPA's - DU only underwriting
FICO / LTV <= 60% 60.01 - 70% 70.01 - 75% 75.01 - 80% 80.01 - 85% 85.01 - 90% 90.01 - 95%
> 740 0.000 0.250 0.250 0.500 0.250 0.250 0.250
720 - 739 0.000 0.250 0.500 0.750 0.500 0.500 0.500
700 - 719 0.000 0.500 1.000 1.250 1.000 1.000 1.000
680 - 699 0.000 0.500 1.250 1.750 1.500 1.250 1.250
660 - 679 0.000 1.000 2.250 2.750 2.750 2.250 2.250
640 - 659 0.500 1.250 2.750 3.000 3.250 2.750 2.750
620 - 639 0.500 1.500 3.000 3.000 3.250 3.250 3.250
< 620 * 0.500 1.500 3.000 3.000 3.250 3.250 3.250
FICO / LTV <= 60% 60.01 - 70% 70.01 - 75% 75.01 - 80% 80.01 - 85% 85.01 - 90% 90.01 - 95%
> 740 0.375 0.625 0.625 0.875 N/A N/A N/A
720 - 739 0.375 1.000 1.000 1.125 N/A N/A N/A
700 - 719 0.375 1.000 1.000 1.125 N/A N/A N/A
680 - 699 0.375 1.125 1.125 1.750 N/A N/A N/A
660 - 679 0.625 1.125 1.125 1.875 N/A N/A N/A
640 - 659 0.625 1.625 1.625 2.625 N/A N/A N/A
620 - 639 0.625 1.625 1.625 3.125 N/A N/A N/A
< 620 * 1.625 2.625 2.625 3.125 N/A N/A N/A
Product Feature/ LTV <= 60% 60.01 - 70% 70.01 - 75% 75.01 - 80% 80.01 - 85% 85.01 - 90% 90.01 - 95%
Conf. 30Yr FRM Purchase -0.125 -0.125 -0.125 -0.125 -0.125 -0.125 -0.125
High LTV 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Investment Property 2.125 2.125 2.125 3.375 4.125 N/A N/A
> 4 Financed Props (a) 0.000 0.000 0.000 0.000 0.000 N/A N/A
2 - Unit 1.000 1.000 1.000 1.000 1.000 N/A N/A
3 - 4 Unit 1.000 1.000 1.000 N/A N/A N/A N/A
Condo w/ Term > 15 Year 0.000 0.000 0.000 0.750 0.750 0.750 0.750
(a) > 4 Financed Properties applicable to NOO subject prop only
Product Feature <= 60% 60.01 - 70% 70.01 - 75% 75.01 - 80% 80.01 - 85% 85.01 - 90% 90.01 - 95% Product Feature
High Balance FRM Refi 0.000 0.000 0.000 0.000 0.000 0.000 0.000 High Balance FRM Refi
High Balance FRM CashOut 0.750 0.750 0.750 0.750 N/A N/A N/A High Balance FRM CashOut
High Balance FRM Purchase 0.000 0.000 0.000 0.000 0.000 0.000 0.000 High Balance FRM Purchase
(1) High Balance Mortgage Loan LLPA's are in addition to All Eligible Mortgage LLPA's above
HomeReady -- Cumulative LLPA Caps
LTV > 80% and FICO ≥ 680
LTV CLTV * < 720 >= 720 All other LTV ratio/FICO's
< 65% 80.01 - 95% 0.500 0.250 * Pricing unavailable through MORRIS. Please contact your AE
65.01 - 75% 80.01 - 95% 0.750 0.500 * If the sum of all applicable LLPAs exceeds the caps listed above,
75.01 - 95% 90.01 - 95% 1.000 0.750 the excess will be waived. LPMI single premium Adj still apply
75.01 - 90% 75.01 - 90% 1.000 0.750
< 95% 95.01 - 97% 1.500 1.500
* LLPA's in this table are based on CLTV, which does NOT include the undrawn portion of a home equity line of credit. Other LTV/CLTV hits are cumulative
30 Year Fixed - HomeReady
Base LTV Coverage
FICO
760+
FICO
740-759
FICO
720-739
FICO
700-719
FICO
680-699
FICO
660-679
FICO
640-659
FICO
620-639
97% - 95.01% 25% 1.68% 2.27% 2.82% 3.32% 4.09% 5.36% 5.82% 6.35%
95% - 90.01% 25% 1.41% 1.91% 2.36% 2.74% 3.35% 4.37% 4.63% 4.93%
30 Year Fixed & ARM's > 5 Years
95% - 90.01% 30% 1.60% 2.22% 2.75% 3.21% 3.94% 5.16% 5.48% 5.83%
90% - 85.01% 25% 1.20% 1.68% 2.08% 2.49% 3.01% 4.06% 4.22% 4.42%
85% & Under 12% 0.59% 0.72% 0.83% 0.97% 1.13% 1.52% 1.57% 1.62%
< 20 Year Fixed - HomeReady
97% - 95.01% 25% 1.09% 1.43% 1.76% 2.05% 2.49% 3.19% 3.39% 3.62%
95% - 90.01% 25% 0.95% 1.24% 1.50% 1.74% 2.08% 2.66% 2.77% 2.91%
< 20 Year Fixed
95% - 90.01% 25% 0.95% 1.24% 1.50% 1.74% 2.08% 2.66% 2.77% 2.91%
90% - 85.01% 12% 0.59% 0.72% 0.84% 0.95% 1.10% 1.40% 1.43% 1.47%
85% & Under 6% 0.43% 0.47% 0.49% 0.53% 0.58% 0.69% 0.71% 0.72%
Premium Adjustments
FICO
760+
FICO
740-759
FICO
720-739
FICO
700-719
FICO
680-699
FICO
660-679
FICO
640-659
FICO
620-639
Rate/Term Refinance * 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Cash Out 0.54% 0.60% 0.70% 0.85% 1.05% 1.50% 1.65% 1.80%
Second Home 0.36% 0.39% 0.49% 0.60% 0.70% 1.23% 1.27% 1.35%
Loan Amounts > $650,000 0.60% 0.66% 0.75% 0.90% 1.20% 1.50% 1.80% 2.10%
Investment Property 1.02% 1.19% 1.33% 1.50% 1.75% 1.90% 2.00% 2.63%
* rate/term refi adjustment removal effective June 26, 2017
Please refer to our website or contact us for current information.
Additional LLPAs -- Apply to credit scores for High Balance FRM & ARM -- Add to Price - LTV/CLTV
Mortgages with Subordinate Financing -- Add to Price
LPMI Single Premium Adjustments
0.000
1.500
9/5/17 8:43 AM
All mortgages with
Subordinate Financing*0.375
FICO scores
All Eligible Mortgage Cash Out Refis LLPAs for All Loans -- Add to Price
All Eligible Mortgage FICO & LTV LLPAs for loans with terms > than 15 yrs -- Add to Price
* A minimum required credit score of 620 applies to all mortgage loans delivered to FNMA in accordance with the Selling Guide.
All Eligible Mortgage LLPAs (excluding MCM) -- Apply to All Credit Scores -- Add to Price
Product Feature LLPA Caps
3 (FNMA) Gold New LLPA
Rates as of
FHLMC (Standard): Conforming & High Balance Fixed First Mortgages - LP Only LOS Plan 101
MORRIS Plan 210
LOS Plan 101
MORRIS Plan 211
LOS Plan 101
MORRIS Plan 212
Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day
3.500 (1.019) (0.869) (0.789) 3.250 (0.188) (0.038) 0.103 2.750 (0.752) (0.632) (0.522)
3.625 (1.803) (1.663) (1.573) 3.375 (1.072) (0.912) (0.782) 2.875 (1.306) (1.186) (1.086)
3.750 (2.466) (2.316) (2.236) 3.500 (1.859) (1.709) (1.569) 3.000 (1.898) (1.768) (1.688)
3.875 (3.005) (2.865) (2.775) 3.625 (2.574) (2.414) (2.284) 3.125 (2.357) (2.227) (2.147)
3.990 (3.461) (3.321) (3.241) 3.750 (3.217) (3.057) (2.917) 3.250 (2.848) (2.718) (2.648)
4.000 (3.561) (3.421) (3.341) 3.875 (3.818) (3.658) (3.518) 3.375 (3.274) (3.144) (3.074)
4.125 (4.235) (4.065) (3.955) 4.000 (4.226) (4.066) (3.926) 3.500 (3.683) (3.543) (3.483)
4.250 (4.827) (4.657) (4.547) 4.125 (4.391) (4.211) (4.051) 3.625 (4.075) (3.935) (3.875)
4.375 (5.347) (5.177) (5.067) 4.250 (4.975) (4.795) (4.635) 3.750 (4.432) (4.292) (4.232)
4.500 (5.521) (5.361) (5.251) 4.375 (5.480) (5.300) (5.140) 3.875 (4.575) (4.435) (4.365)
4.625 (6.057) (5.887) (5.827) 4.500 (5.959) (5.779) (5.619) 4.000 (4.645) (4.485) (4.395)
4.750 (6.596) (6.426) (6.376) 4.625 (6.331) (6.151) (6.041) 4.125 (4.970) (4.810) (4.720)
4.875 (7.071) (6.901) (6.841) 4.750 (6.832) (6.652) (6.542)
5.000 (7.241) (7.071) (7.021)
LOS Plan 260
MORRIS Plan 227
LOS Plan 260
MORRIS Plan 228
Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day
3.500 (0.179) (0.009) 0.092 2.750 0.133 0.303 0.393
3.625 (0.923) (0.743) (0.653) 2.875 (0.352) (0.182) (0.082)
3.750 (1.586) (1.406) (1.316) 3.000 (0.844) (0.674) (0.574)
3.875 (2.115) (1.935) (1.845) 3.125 (1.213) (1.033) (0.943)
3.990 (2.481) (2.301) (2.211) 3.250 (1.614) (1.444) (1.354)
4.000 (2.581) (2.401) (2.311) 3.375 (2.040) (1.870) (1.780)
4.125 (3.225) (3.055) (2.965) 3.500 (2.419) (2.249) (2.149)
4.250 (3.797) (3.617) (3.527) 3.625 (2.741) (2.561) (2.471)
4.375 (4.237) (4.057) (3.967) 3.750 (2.978) (2.798) (2.708)
4.500 (4.341) (4.171) (4.071) 3.875 (3.071) (2.891) (2.801)
4.625 (3.497) (3.327) (3.227) 4.000 (2.971) (2.791) (2.701)
4.750 (3.996) (3.826) (3.736) 4.125 (2.376) (2.206) (2.116)
FHLMC (Standard): Conforming & High Balance ARM's - LP Only LOS Plan 114
MORRIS Plan 273
LOS Plan 111
MORRIS Plan 274
LOS Plan 112
MORRIS Plan 275 Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day
2.750 (0.260) (0.135) (0.010) 2.875 (0.100) 0.025 0.150 3.250 0.430 0.555 0.680
2.875 (0.620) (0.495) (0.370) 3.000 (0.540) (0.415) (0.290) 3.375 (0.070) 0.055 0.180
3.000 (1.020) (0.895) (0.770) 3.125 (0.990) (0.865) (0.740) 3.500 (0.680) (0.555) (0.430)
3.125 (1.360) (1.235) (1.110) 3.250 (1.490) (1.365) (1.240) 3.625 (1.100) (0.975) (0.850)
3.250 (1.710) (1.585) (1.460) 3.375 (1.870) (1.745) (1.620) 3.750 (1.610) (1.485) (1.360)
3.375 (2.030) (1.905) (1.780) 3.500 (2.300) (2.175) (2.050) 3.875 (1.920) (1.795) (1.670)
3.500 (2.410) (2.285) (2.160) 3.625 (2.640) (2.515) (2.390) 4.000 (2.310) (2.185) (2.060)
3.625 (2.650) (2.525) (2.400) 3.750 (3.110) (2.985) (2.860) 4.125 (2.540) (2.415) (2.290) 3.750 (2.970) (2.845) (2.720) 3.875 (3.300) (3.175) (3.050) 4.250 (2.840) (2.715) (2.590)
3.875 (3.130) (3.005) (2.880) 4.000 (3.540) (3.415) (3.290) 4.375 (2.990) (2.865) (2.740)
4.000 (3.290) (3.165) (3.040) 4.125 (3.690) (3.565) (3.440) 4.500 (3.150) (3.025) (2.900)
LOS Plan 265
MORRIS Plan 290
LOS Plan 262
MORRIS Plan 291
LOS Plan 263
MORRIS Plan 292
Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day
2.750 0.750 0.875 1.000 3.000 0.470 0.595 0.720 3.250 1.430 1.555 1.680
2.875 0.390 0.515 0.640 3.125 0.030 0.155 0.280 3.375 0.930 1.055 1.180
3.000 (0.010) 0.115 0.240 3.250 (0.490) (0.365) (0.240) 3.500 0.330 0.455 0.580
3.125 (0.360) (0.235) (0.110) 3.375 (0.870) (0.745) (0.620) 3.625 (0.090) 0.035 0.160
3.250 (0.710) (0.585) (0.460) 3.500 (1.300) (1.175) (1.050) 3.750 (0.610) (0.485) (0.360)
3.375 (1.030) (0.905) (0.780) 3.625 (1.640) (1.515) (1.390) 3.875 (0.920) (0.795) (0.670)
3.500 (1.410) (1.285) (1.160) 3.750 (2.110) (1.985) (1.860) 4.000 (1.310) (1.185) (1.060)
3.625 (1.650) (1.525) (1.400) 3.875 (2.300) (2.175) (2.050) 4.125 (1.540) (1.415) (1.290)
3.750 (1.970) (1.845) (1.720) 4.000 (2.540) (2.415) (2.290) 4.250 (1.840) (1.715) (1.590)
3.875 (2.130) (2.005) (1.880) 4.125 (2.690) (2.565) (2.440) 4.375 (1.990) (1.865) (1.740)
4.000 (2.290) (2.165) (2.040) 4.250 (2.850) (2.725) (2.600) 4.500 (2.150) (2.025) (1.900)
Intended for approved Mortgage Brokers use only and not for consumer use or for public distribution. The terms and programs are subject to change without notice. Please refer to our website or contact us for current information.
10/1 LIBOR ARM Conf
Margin 2.250 - Caps 5/2/5
5/1 LIBOR ARM HB Margin
2.250 - Caps 2/2/5
7/1 LIBOR ARM HB
Margin 2.250 - Caps 5/2/5
10/1 LIBOR ARM HB
Margin 2.250 - Caps 5/2/5
1 Yr Libor 1.71289%
5/1 LIBOR ARM Conf
Margin 2.250 - Caps 2/2/5
7/1 LIBOR ARM Conf
Margin 2.250 - Caps 5/2/5
15 Year Fixed Rate Conf
30 Year High Balance Fixed Rate 15 Year High Balance Fixed Rate
30 Year Fixed Rate Conf 20 Year Fixed Rate Conf
9/5/17 8:43 AM
4 (FHLMC) Standard
Rates as of
FHLMC (Standard): Conforming & High Balance LLPA's - LP OnlyARM's - Maximum number of financed properties (including the subject) for SH & INV 7/1 & 10/1 ARMs is six (6), 5/1 ARM maximum is limited to one (1)
FICO & LTV LLPAs for loans with terms > than 15 yrs -- Add to Price
LTV/FICO <= 60% 60.01 - 70% 70.01 - 75% 75.01 - 80% 80.01 - 85% 85.01 - 90% 90.01 - 95%
> 740 0.000 0.250 0.250 0.500 0.250 0.250 0.250
720 - 739 0.000 0.250 0.500 0.750 0.500 0.500 0.500
700 - 719 0.000 0.500 1.000 1.250 1.000 1.000 1.000
680 - 699 0.000 0.500 1.250 1.750 1.500 1.250 1.250
660 - 679 0.000 1.000 2.250 2.750 2.750 2.250 2.250
640 - 659 0.500 1.250 2.750 3.000 3.250 2.750 2.750
620 - 639 0.500 1.500 3.000 3.000 3.250 3.250 3.250
< 620 * 0.500 1.500 3.000 3.000 3.250 3.250 3.250
Cash Out Refis LLPAs for all Loans -- Add to Price
FICO / LTV <= 60% 60.01 - 70% 70.01 - 75% 75.01 - 80% 80.01 - 85% 85.01 - 90% 90.01 - 95%
> 740 0.375 0.625 0.625 0.875 N/A N/A N/A
720 - 739 0.375 1.000 1.000 1.125 N/A N/A N/A
700 - 719 0.375 1.000 1.000 1.125 N/A N/A N/A
680 - 699 0.375 1.125 1.125 1.750 N/A N/A N/A
660 - 679 0.625 1.125 1.125 1.875 N/A N/A N/A
640 - 659 0.625 1.625 1.625 2.625 N/A N/A N/A
620 - 639 0.625 1.625 1.625 3.125 N/A N/A N/A
< 620 * 1.625 2.625 2.625 3.125 N/A N/A N/A
Additional LLPAs -- Apply to All Credit Scores -- Add to Price
Product Feature / LTV <= 60% 60.01-70 70.01 - 75% 75.01 - 80% 80.01 - 85% 85.01 - 90% 90.01 - 95%
Conf 30 Yr Purchase Special -0.125 -0.125 -0.125 -0.125 -0.125 -0.125 -0.125
ARM 0.000 0.000 0.000 0.000 0.000 0.000 0.250
Condo 0.000 0.000 0.000 0.750 0.750 0.750 0.750
Investment Property 2.125 2.125 2.125 3.375 4.125 N/A N/A
> 4 Financed Prop (a) 0.000 0.000 0.000 0.000 0.000 N/A N/A
2-Unit 1.000 1.000 1.000 1.000 N/A N/A N/A
3-4 Unit 1.000 1.000 1.000 1.000 N/A N/A N/A
Additional LLPAs -- Apply to credit scores for High Balance FRM & ARM -- Add to Price - LTV/TLTV
Product Feature <= 60% 60.01-70 70.01 - 75% 75.01 - 80% 80.01 - 85% 85.01 - 90% 90.01 - 95%
High Balance FRM Refi 0.000 0.000 0.000 0.000 0.000 0.000 0.000
High Balance FRM CashOut 0.750 0.750 0.750 0.750 N/A N/A N/A
High Balance FRM Purchase 0.000 0.000 0.000 0.000 0.000 0.000 0.000
High Balance ARM Refi 0.000 0.000 0.000 0.750 0.750 0.750 1.000
High Balance ARM CashOut 0.750 0.750 0.750 1.500 N/A N/A N/A
High Balance ARM Purchase 0.000 0.000 0.000 0.750 0.750 0.750 1.000
LTV TLTV * < 720 >= 720
< 75.00% < 80.00% 0.375 0.375
< 65.00% 80.01 - 95.0% 0.875 0.625
65.01 - 75.00% 80.01 - 95.0% 1.125 0.875
75.01 - 95.00% 76.01 - 95.0% 1.375 1.125
* LLPA's in this table are based on TLTV, which does NOT include the undrawn portion of a home equity line of credit. Other LTV/TLTV hits are cumulative
30 Year Fixed & ARM's > 5 Years
Base LTV Coverage
FICO
760+
FICO
740-759
FICO
720-739
FICO
700-719
FICO
680-699
FICO
660-679
FICO
640-659
FICO
620-639
95% - 90.01% 30% 1.60% 2.22% 2.75% 3.21% 3.94% 5.16% 5.48% 5.83%
90% - 85.01% 25% 1.20% 1.68% 2.08% 2.49% 3.01% 4.06% 4.22% 4.42%
85% & Under 12% 0.59% 0.72% 0.83% 0.97% 1.13% 1.52% 1.57% 1.62%
< 20 Year Fixed
95% - 90.01% 25% 0.95% 1.24% 1.50% 1.74% 2.08% 2.66% 2.77% 2.91%
90% - 85.01% 12% 0.59% 0.72% 0.84% 0.95% 1.10% 1.40% 1.43% 1.47%
85% & Under 6% 0.43% 0.47% 0.49% 0.53% 0.58% 0.69% 0.71% 0.72%
Premium Adjustments
FICO
760+
FICO
740-759
FICO
720-739
FICO
700-719
FICO
680-699
FICO
660-679
FICO
640-659
FICO
620-639
Rate/Term Refinance 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Cash Out 0.54% 0.60% 0.70% 0.85% 1.05% 1.50% 1.65% 1.80%
Second Home 0.36% 0.39% 0.49% 0.60% 0.70% 1.23% 1.27% 1.35%
Loan Amounts > $650,000 0.60% 0.66% 0.75% 0.90% 1.20% 1.50% 1.80% 2.10%
Investment Property 1.02% 1.19% 1.33% 1.50% 1.75% 1.90% 2.00% 2.63%
Intended for approved Mortgage Brokers use only and not for consumer use or for public distribution. The terms and programs are subject to change without notice.
Please refer to our website or contact us for current information.
LPMI Single Premium Adjustments
9/5/17 8:43 AM
FICO scores
Mortgages with Subordinate Financing -- Add to Price
(a) > 4 financed prop but no more than 6 financed props allowed under this program. Applies to NOO subject prop.
5 (FHLMC) Standard New llpa's
Rates as of
Gold Program - Jumbo Fixed Rate Mortgages LOS Plan 550
MORRIS Plan 553
LOS Plan 550
MORRIS Plan 554Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Loan Amount 30 Yr 15 Yr
3.625 0.680 0.870 1.070 3.125 0.880 1.010 1.160 < $1,000,000 -2.225 -1.7253.750 0.200 0.400 0.600 3.250 0.410 0.550 0.700 > $1,000,000 -1.725 -1.4753.875 (0.260) (0.060) 0.140 3.375 0.020 0.160 0.310 Loan Amount 10/1 ARM 5/1 ARM 7/1 ARM
4.000 (0.720) (0.510) (0.300) 3.500 (0.340) (0.200) (0.050) < $1,000,000 -1.475 -1.100 -1.100
4.125 (1.110) (0.900) (0.690) 3.625 (0.670) (0.530) (0.380) > $1,000,000 -1.225 -0.975 -0.975
4.250 (1.460) (1.250) (1.040) 3.750 (0.950) (0.810) (0.670)
4.375 (1.810) (1.610) (1.410) 3.875 (1.170) (1.030) (0.890)
4.500 (2.140) (1.940) (1.750) 4.000 (1.320) (1.190) (1.050)
4.625 (2.400) (2.200) (2.010) 4.125 (1.470) (1.340) (1.200)
4.750 (2.690) (2.490) (2.300) 4.250 (1.670) (1.540) (1.390)
Gold Program - Jumbo Arm's LOS Plan 553
MORRIS Plan 574
LOS Plan 555
MORRIS Plan 575
LOS Plan 554
MORRIS Plan 576
Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day
2.875 0.420 0.530 0.630 3.250 1.300 1.440 1.580 2.875 1.120 1.240 1.360
3.000 0.100 0.200 0.310 3.375 0.660 0.800 0.950 3.000 0.590 0.710 0.840
3.125 (0.200) (0.100) 0.000 3.500 0.230 0.360 0.510 3.125 0.150 0.270 0.400
3.250 (0.460) (0.360) (0.260) 3.625 (0.220) (0.080) 0.050 3.250 (0.260) (0.140) (0.010)
3.375 (0.700) (0.590) (0.500) 3.750 (0.700) (0.560) (0.420) 3.375 (0.610) (0.490) (0.370)
3.500 (0.940) (0.840) (0.740) 3.875 (1.110) (0.980) (0.840) 3.500 (0.870) (0.760) (0.640)
3.625 (1.160) (1.050) (0.950) 4.000 (1.410) (1.280) (1.140) 3.625 (1.090) (0.980) (0.860)
3.750 (1.340) (1.240) (1.140) 4.125 (1.670) (1.550) (1.410) 3.750 (1.320) (1.200) (1.080)
3.875 (1.490) (1.390) (1.290) 4.250 (1.950) (1.820) (1.680) 3.875 (1.520) (1.410) (1.290)
4.000 (1.610) (1.510) (1.410) 4.375 (2.170) (2.040) (1.900) 4.000 (1.670) (1.560) (1.440)
No MI
FICO / LTV (HCLTV) <= 60% 60.01 - 65.00% 65.01 - 70.00% 70.01 - 75.00% 75.01 - 80.00% 80.01 - 85.00%
700- 719 (0.125) 0.375 0.625 N/A N/A N/A
720- 739 (0.250) 0.125 0.375 0.625 1.000 N/A
740- 759 (0.375) (0.125) 0.000 0.375 0.625 N/A
>=760 (0.500) (0.375) (0.250) 0.000 0.250 1.375
Loan Amounts <= 60% 60.01 - 65.00% 65.01 - 70.00% 70.01 - 75.00% 75.01 - 80.00% 80.01 - 85.00%
<= $1,000,000 (0.250) (0.250) (0.125) 0.000 0.000 0.000
$1,000,001 - $1,500,000 (0.250) 0.000 0.125 0.250 0.375 N/A
$1,500,001 - $2,000,000 (0.125) 0.000 0.250 0.375 N/A N/A
$2,000,001 - $2,500,000 0.000 0.125 0.250 N/A N/A N/A
Purpose / Property <= 60% 60.01 - 65.00% 65.01 - 70.00% 70.01 - 75.00% 75.01 - 80.00% 80.01 - 85.00%
Cash Out 0.375 0.375 0.375 N/A N/A NA
2 Unit 0.250 0.250 N/A N/A N/A NA
2nd Home 0.125 0.250 0.375 0.750 1.000 NA
Investment 1.250 1.750 2.250 N/A N/A N/A
Purchase (0.375) (0.375) (0.375) (0.375) (0.375) (0.250)
CA State Adj (30 Yr Fixed Term) (0.250) (0.250) (0.250) (0.125) 0.000 0.250
CA State Adj (5/7/10 yr Arm) 0.000 0.125 0.125 0.125 0.250 0.375
Product <= 60% 60.01 - 65.00% 65.01 - 70.00% 70.01 - 75.00% 75.01 - 80.00% 80.01 - 85.00%
5/1 Arm 0.000 0.000 0.000 0.000 0.000 (0.375)
7/1 Arm 0.000 0.000 0.000 0.000 0.000 (0.250)
10/1 Arm 0.000 0.000 0.000 0.000 0.000 0.500
15 Year Fixed 0.000 0.000 0.000 0.125 0.250 (0.500)
30 Year Fixed 0.000 0.000 0.000 0.000 0.000 0.000
With Escrows (0.125)
Jumbo Locks - Effective with locks after 05-13-16
• All Jumbo locks must be credit approved prior to lock.• All self-employed jumbo loans which need 2015 tax returns to qualify, we will need proof of refund prior to lock.
Intended for approved Mortgage Brokers use only and not for consumer use or for public distribution. The terms and programs are subject to change without notice.
Please refer to our website or contact us for current information.
Loan Amount & LTV, CLTV (HCLTV) LLPAs for all Loans -- Add to Price
FICO & LTV/ HCLTV LLPAs for all Loans -- Add to Price
9/5/17 8:43 AM
** Max YSP cannot exceed max net rebate above
** A full ALTA is required for all Gold Jumbo products
30 Year Super Jumbo Fixed Rate 15 Year Super Jumbo Fixed Rate
Gold Program Jumbo LLPAs
1.71289%1 Yr Libor
5/1 LIBOR ARM Super Jumbo
Margin 2.250 - Caps 2/2/5
10/1 LIBOR ARM Super Jumbo
Margin 2.250 - Caps 2/2/5
7/1 LIBOR ARM Super Jumbo
Margin 2.250 - Caps 2/2/5
Escrow LLPAs for all Loans -- Add to Price
Loan Amount & LTV, CLTV (HCLTV) LLPAs for all Loans -- Add to Price
Purpose / Property & LTV, CLTV (HCLTV) LLPAs for all Loans -- Add to Price
Max Net Rebate
6 Gold Jumbo
Rates as of
Gold 90 Program - Jumbo Fixed Rate Mortgages - QM LOS Plan 552
MORRIS Plan 566Rate 15 Day 30 Day 45 Day Loan Amount 30 Yr
5.000 (1.200) (1.000) (0.790) < $1,000,000 -1.725 4.875 (0.790) (0.580) (0.380) > $1,000,000 -1.2254.750 (0.390) (0.180) 0.020 4.625 0.020 0.230 0.440
4.500 0.610 0.820 1.030 4.375 1.230 1.440 1.640
4.250 1.870 2.070 2.260
80.01-85 85.01-90
FICO / LTV (HCLTV) No MI No MI
661-679 NA NA
680-699 NA NA
700-719 NA NA
720-739 0.375 0.625
740-759 0.000 0.250
≥ 760 (0.250) 0.000
Loan Amounts 80.01-85 85.01-90
<= $1,000,000 0.000 0.000
$1,000,001 - $1,500,000 0.375 0.375
$1,500,001 - $2,000,000 N/A N/A
$2,000,001 - $2,500,000 N/A N/A
Purpose / Property 80.01-85 85.01-90
Cash Out NA NA
2 Unit NA NA
3-4 Units NA NA
Second Home NA NA
Investment NA NA
Purchase (0.375) (0.375)
Non-War. Condo NA NA
Condo-Hotel NA NA
CA State Adj 0.125 0.250
Product 80.01-85 85.01-90
5/1 Arm N/A N/A
7/1 Arm N/A N/A
10/1 Arm N/A N/A
15 Year Fixed N/A N/A
30 Year Fixed 0.000 0.000
With Escrows (0.250) (0.250)
Purpose / Property & LTV, CLTV (HCLTV) LLPAs for all Loans -- Add to Price
Loan Amount & LTV, CLTV (HCLTV) LLPAs for all Loans -- Add to Price
Escrow LLPAs for all Loans -- Add to Price
** Loan must be approved in order to lock
Gold 90 Program Jumbo LLPAs
Loan Amount & LTV, CLTV (HCLTV) LLPAs for all Loans -- Add to Price
9/5/17 8:43 AM
30 Year Super Jumbo Fixed Rate Max Net Rebate
** Max YSP cannot exceed max
net rebate above
** A full ALTA is required for all
Gold Jumbo products
FICO & LTV/ HCLTV LLPAs for all Loans -- Add to Price
7 Gold Jumbo90
Rates as of
Gold Plus Program - Jumbo Fixed Rate Mortgages - Non-QM LOS Plan 551
MORRIS Plan 562Rate 15 Day 30 Day 45 Day Loan Amount 30 Yr
4.000 0.810 1.000 1.200 < $1,000,000 -2.225 4.125 0.330 0.530 0.740 > $1,000,000 -1.7254.250 (0.120) 0.080 0.280 4.375 (0.580) (0.370) (0.160)
4.500 (1.000) (0.790) (0.580) 4.625 (1.350) (1.140) (0.940)
4.750 (1.740) (1.540) (1.340) 4.875 (2.100) (1.900) (1.710) 5.000 (2.410) (2.220) (2.020) 5.125 (2.700) (2.500) (2.310)
FICO / LTV (HCLTV) <= 60% 60.01 - 65.00% 65.01 - 70.00% 70.01 - 75.00% 75.01 - 80.00%
700- 719 (0.125) 0.375 N/A N/A N/A
720- 739 (0.250) 0.125 0.375 0.625 N/A
740- 759 (0.375) (0.125) 0.000 0.375 0.625
>=760 (0.500) (0.375) (0.250) 0.000 0.250
Loan Amounts <= 60% 60.01 - 65.00% 65.01 - 70.00% 70.01 - 75.00% 75.01 - 80.00%
<= $1,000,000 (0.250) (0.250) (0.125) 0.000 0.000
$1,000,001 - $1,500,000 (0.250) 0.000 0.125 0.250 N/A
$1,500,001 - $2,000,000 (0.125) 0.000 0.250 N/A N/A
$2,000,001 - $2,500,000 N/A N/A N/A N/A N/A
Purpose / Property <= 60% 60.01 - 65.00% 65.01 - 70.00% 70.01 - 75.00% 75.01 - 80.00%
Cash Out 0.375 0.375 0.375 N/A N/A
2 Unit 0.250 0.250 N/A N/A N/A
2nd Home 0.250 0.375 0.500 N/A N/A Condo High 0.000 0.000 0.000 0.000 0.000
Purchase (0.375) (0.375) (0.375) (0.375) (0.375)
CA State Adj 0.125 0.250 0.375 0.375 0.375
Product <= 60% 60.01 - 65.00% 65.01 - 70.00% 70.01 - 75.00% 75.01 - 80.00%
5/1 Arm N/A N/A N/A N/A N/A
7/1 Arm N/A N/A N/A N/A N/A
10/1 Arm N/A N/A N/A N/A N/A
15 Year Fixed N/A N/A N/A N/A N/A
30 Year Fixed 0.000 0.000 0.000 0.000 0.000
With Escrows (0.125)
Intended for approved Mortgage Brokers use only and not for consumer use or for public distribution. The terms and programs are subject to change without notice.
Please refer to our website or contact us for current information.
30 Year Super Jumbo Fixed Rate Max Net Rebate
Escrow LLPAs for all Loans -- Add to Price
9/5/17 8:43 AM
Gold Program Jumbo LLPAs
** DTI up to 50%
** Max YSP cannot exceed max
net rebate above
** A full ALTA is required for all
Gold Jumbo products
Purpose / Property & LTV, CLTV (HCLTV) LLPAs for all Loans -- Add to Price
Loan Amount & LTV, CLTV (HCLTV) LLPAs for all Loans -- Add to Price
FICO & LTV/ HCLTV LLPAs for all Loans -- Add to Price
Loan Amount & LTV, CLTV (HCLTV) LLPAs for all Loans -- Add to Price
** Loan must be approved in order
to lock
8 Gold Jumbo Plus
Rates as of
FHA Program - Conforming & High Balance Fixed Rate First Mortgages * High Balance Loans over $417,000 need to be verified with HUD FHA mtg limits
LOS Plan 215
MORRIS Plan 303
LOS Plan 218
MORRIS Plan 313Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day
3.250 (1.510) (1.410) (1.310) 3.250 (0.300) (0.150) (0.040)
3.375 (2.090) (1.990) (1.890) 3.375 (0.830) (0.680) (0.570)
3.500 (2.650) (2.550) (2.440) 3.500 (1.330) (1.180) (1.070)
3.625 (3.070) (2.970) (2.860) 3.625 (1.680) (1.530) (1.420)
3.750 (3.650) (3.550) (3.430) 3.750 (2.060) (1.890) (1.760)
3.875 (4.170) (4.070) (3.950) 3.875 (2.510) (2.340) (2.210)
4.000 (4.650) (4.550) (4.430) 4.000 (2.890) (2.720) (2.600)
4.125 (4.850) (4.750) (4.630) 4.125 (3.030) (2.870) (2.740)
4.250 (4.950) (4.930) (4.790) 4.250 (3.270) (3.210) (3.060)
4.375 (5.280) (5.260) (5.120) 4.375 (3.530) (3.460) (3.310)
4.500 (5.500) (5.480) (5.340) 4.500 (3.770) (3.700) (3.560)
4.625 (4.080) (4.060) (3.910) 4.625 (2.830) (2.760) (2.620)
4.750 (5.630) (5.500) (5.340) 4.750 (2.040) (1.790) (1.620) 4.875 (5.430) (5.300) (5.140) 4.875 (2.170) (1.910) (1.750)
5.000 (5.430) (5.300) (5.140) 5.000 (2.130) (1.870) (1.700)
FHA Streamline Program - Conforming & High Balance Fixed Rate First Mortgages LOS Plan 221
MORRIS Plan 323
LOS Plan 221
MORRIS Plan 324
LOS Plan 222
MORRIS Plan 332Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day Rate 15 Day 30 Day 45 Day
3.250 (1.510) (1.410) (1.310) 2.750 (0.520) (0.440) (0.360) 3.250 (0.150) 0.000 0.100
3.375 (2.090) (1.990) (1.890) 2.875 (0.880) (0.790) (0.720) 3.375 (0.680) (0.530) (0.420)
3.500 (2.650) (2.550) (2.440) 3.000 (1.230) (1.150) (1.070) 3.500 (1.180) (1.030) (0.920)
3.625 (3.070) (2.970) (2.860) 3.125 (0.650) (0.570) (0.490) 3.625 (1.530) (1.380) (1.270)
3.750 (3.650) (3.550) (3.430) 3.250 (2.330) (2.260) (2.160) 3.750 (1.910) (1.740) (1.610)
3.875 (4.170) (4.070) (3.950) 3.375 (2.650) (2.570) (2.480) 3.875 (2.360) (2.190) (2.060)
4.000 (4.650) (4.550) (4.430) 3.500 (2.880) (2.810) (2.710) 4.000 (2.740) (2.570) (2.450)
4.125 (4.850) (4.750) (4.630) 3.625 (3.180) (3.110) (3.010) 4.125 (2.880) (2.720) (2.590)
4.250 (4.950) (4.930) (4.790) 3.750 (3.350) (3.300) (3.180) 4.250 (3.120) (3.060) (2.910)
4.375 (5.280) (5.260) (5.120) 3.875 (3.510) (3.460) (3.340) 4.375 (3.380) (3.310) (3.160)
4.500 (5.500) (5.480) (5.340) 4.000 (3.570) (3.520) (3.400) 4.500 (3.620) (3.550) (3.410)
4.625 (4.080) (4.060) (3.910) 4.625 (2.680) (2.610) (2.470)
4.750 (5.630) (5.500) (5.340) 4.750 (1.890) (1.640) (1.470)
4.875 (5.430) (5.300) (5.140) 4.875 (2.020) (1.760) (1.600)
5.000 (5.430) (5.300) (5.140) 5.000 (1.980) (1.720) (1.550)
All Loans
-0.25
0
0.5
-0.125
0.125
0.375
0.75
Intended for approved Mortgage Brokers use only and not for consumer use or for public distribution. The terms and programs are subject to change without notice.
Please refer to our website or contact us for current information.
> $625,500 < 95% 1.00 1.75
> $625,500 > 95%
FHA Streamline Refi 0-115% LTV
FHA Streamline Refi 115.01-135% LTV
Refi Loan (Non Streamline)
680-719
FHA Single Family Mortgage Insurance Premiums - Upfront and Annual MIP
640-679
OTHER FHA Price Adjustments - Add to Price
1.05 1.75 > $625,500
0.85
Base Loan Amount Base Loan Amount
> 95% 0.95
0.70 < 95%> $625,500
0.70
Terms > 15 Years
LTV
< $625,500
1.75
Annual MIP
< $625,500
Term <= 15 Years
1.75 < $625,500
< 95%
> 95%
MIP - Upfront & Annual - Effective 01-26-15
0.45
1.75
1.75
Upfront MIP
MIP - Upfront & Annual - Effective 01-26-15
< 95%
Upfront MIP
0.80
LTV
30 Yr Fixed Gov - Conf. 30 Yr Fixed Gov - High Bal
FHA LLPAs - Applys to all FHA programs - Add to Price
FICO
1.75
Purchase Loan
9/5/17 8:43 AM
30 Yr Fixed Gov - Conf. 15 Yr Fixed Gov - Conf. 30 Yr Fixed Gov - High Bal
< $625,500 > 95%
Annual MIP
720 +
1.75
9 FHA rate
Wholesale Portfolio Ratesheet
5/1 Libor Portfolio ARM (Fully Amortized Only) 1 YR LIBOR 1.7129%
LOS Plan 406
MORRIS Plan 403Loan Price Note Rate Margin
406/403 5/1ARM 0.000 3.500% 2.875%
406/403 5/1ARM (1.000) 3.625% 2.875%
406/403 5/1ARM (1.250) 3.750% 2.875%
406/403 5/1ARM (1.500) 3.875% 2.875%
LOS Plan 406
MORRIS Plan 403Loan Price Note Rate Margin
406/403 5/1ARM 0.000 3.750% 3.250%
406/403 5/1ARM (1.000) 3.875% 3.250%
406/403 5/1ARM (1.250) 4.000% 3.250%
406/403 5/1ARM (1.500) 4.125% 3.250%
Purchase Special (a) -0.250 Non- Warrantable Condo (b) 0.500
Condo Adjustment 0.125 2-4 Unit Property 0.125
Cash Out > $100,000 - $250,000 0.125 Asset Depletion 0.250
Cash Out > $250,000 - $500,000 0.250 Alternative Income 0.250
>75%- 80% LTV 0.125 Alternative Credit Program 0.500
> 760 FICO -0.125 > 10 financed properties (c) 0.500
700-719 FICO 0.125 Short Sale 2-4 years seasoning 0.500
680-699 FICO 0.375 Short Sale >4 years seasoning 0.250
DTI >43% - 45% 0.250 Cash Out > $500,000 0.500
DTI >45% - 48% 0.500 BK > 4 years 0.250
5-10 financed properties (c) 0.250 Seasoned Foreclosure > 7 years 0.500
File Complexity (d) 0.250
(a) Purchase Specials Not Applicable for: Major Derogatory Credit and Outside Footprint Interest Only 0.250
(b) Non-Warrantable Condo adjustment is in addition to standard condo adjustment if applicable. NOO Non-Warrantable Condos are not allowed
(c) > 4 financed property adjustments do not apply if subject property is a primary residence
(d) File Complexity: 2 or more of following -Irrevocable Trust, >10 Fin Props, Leaseholds, 3 or more Biz Tax Returns, New Condo Proj. w/Full Legal Review
- DTI to 48% for fully Amortizing - DTI to 43% for I/O (Please consult your AE for qualifying purposes)
LTV CLTV
80% 80%
75% 75%
65% 70%
70% 70%
80% 80%
70% 70%
65% 65%
65% 65%
• Loans that fit guidelines and are < $1M are lock eligible upon receipt of file submission.
• Loans > $1M or loans that require a guideline exception must have an 'Approval to Process' to be lock eligible. **• Rate Lock Term is 45 Days - File delivery within 5 business days or Lock Subject to Cancellation.
Second Home
Primary
Occupancy
Program Exceptions below are considered
Primary Purchase $1,500,001 to < $2,500,000
$100,000 to < $1,000,000
LOAN LEVEL PRICING ADJUSTMENTS: LLPA's
RATE ADJUSTMENTS : Add to RateAll Adjustments are independent of each other
$1,000,001 to < $1,500,000
Loan Amount and LTV Limitations
• Fully Amortizing and Interest Only•Loan Amount
Investment Property - Interest Only
Investment Property - Fully Amortizing
RATE LOCK AND SUBMISSION REQUIREMENTS
Loss Payee: Fremont Bank, Its' Successors and/or Assigns. PO Box 7295, Fremont, CA 94536
** To receive an 'Approval to Process', send your Account Executive your scenario.
Accuracy is Critical. BE SURE to indicate retirement accounts.
$1,500,001 to < $2,500,000
$100,000 to < $1,000,000
$100,000 to < $1,000,000
$100,000 to < $1,000,000
Investment Property & Second Home > 4
financed
R&T/CO
R&T/CO
5%/2%/5%
Caps Prepay
$100,000 to < $1,000,000
RATE ADJUSTMENTS : Add to Rate
Lock TermPurpose
R&T/CO
9/5/2017
45 Days
Prepay
PORTFOLIO PROGRAM PRICING: Primary and Second Home Residences
5%/2%/5%
NONE
NONE
Purpose
R&T/CO 5%/2%/5%
Lock Term
45 Days
Caps
45 Days
45 Days
PORTFOLIO PROGRAM PRICING: Investment Property Residences
5%/2%/5%
R&T/CO NONE
NONE
All Adjustments are independent of each other
Exceptions need approval prior to lock/submission (contact your AE)
5%/2%/5% NONE 45 Days
NONE 45 Days
Rate Adjustments are not Final until the file has received Final Approval by our Loan Committee and cleared for docs
NONE
NONE 45 Days
R&T/CO 5%/2%/5%
R&T/CO 5%/2%/5%
R&T/CO 5%/2%/5%
45 Days
Wholesale Portfolio Ratesheet
7/1 Libor Portfolio ARM (Fully Amortized Only) 1 YR LIBOR 1.7129%
LOS Plan 407
MORRIS Plan 408Loan Price Note Rate Margin
407/408 7/1ARM 0.000 3.750% 2.875%
407/408 7/1ARM (1.000) 3.875% 2.875%
407/408 7/1ARM (1.125) 4.000% 2.875%
407/408 7/1ARM (1.250) 4.125% 2.875%
LOS Plan 407
MORRIS Plan 408Loan Price Note Rate Margin
407/408 7/1ARM 0.000 4.000% 3.250%
407/408 7/1ARM (1.000) 4.125% 3.250%
407/408 7/1ARM (1.125) 4.250% 3.250%
407/408 7/1ARM (1.250) 4.375% 3.250%
Purchase Special (a) -0.250 Non- Warrantable Condo (b) 0.500
Condo Adjustment 0.125 2-4 Unit Property 0.125
Cash Out > $100,000 - $250,000 0.125 Asset Depletion 0.250
Cash Out > $250,000 - $500,000 0.250 Alternative Income 0.250
>75%- 80% LTV 0.125 Alternative Credit Program 0.500
> 760 FICO -0.125 > 10 financed properties (c) 0.500
700-719 FICO 0.125 Short Sale 2-4 years seasoning 0.500
680-699 FICO 0.375 Short Sale >4 years seasoning 0.250
DTI >43% - 45% 0.250 Cash Out > $500,000 0.500
DTI >45% - 48% 0.500 BK > 4 years 0.250
5-10 financed properties (c) 0.250 Seasoned Foreclosure > 7 years 0.500
File Complexity (d) 0.250
(a) Purchase Specials Not Applicable for: Major Derogatory Credit and Outside Footprint Interest Only 0.250
(b) Non-Warrantable Condo adjustment is in addition to standard condo adjustment if applicable. NOO Non-Warrantable Condos are not allowed
(c) > 4 financed property adjustments do not apply if subject property is a primary residence
(d) File Complexity: 2 or more of following -Irrevocable Trust, >10 Fin Props, Leaseholds, 3 or more Biz Tax Returns, New Condo Proj. w/Full Legal Review
- DTI to 48% for fully Amortizing - DTI to 43% for I/O (Please consult your AE for qualifying purposes)
LTV CLTV
80% 80%
75% 75%
65% 70%
70% 70%
80% 80%
70% 70%
65% 65%
65% 65%
• Loans that fit guidelines and are < $1M are lock eligible upon receipt of file submission.
• Loans > $1M or loans that require a guideline exception must have an 'Approval to Process' to be lock eligible. **• Rate Lock Term is 45 Days - File delivery within 5 business days or Lock Subject to Cancellation.
All Adjustments are independent of each other
MISC.Loss Payee: Fremont Bank, Its' Successors and/or Assigns. PO Box 7295, Fremont, CA 94536
RATE LOCK AND SUBMISSION REQUIREMENTS
** To receive an 'Approval to Process', send your Account Executive your scenario.
Accuracy is Critical. BE SURE to indicate retirement accounts.
Primary Purchase $1,500,001 to < $2,500,000
R&T/CO 5%/2%/5% NONE 45 Days
Rate Adjustments are not Final until the file has received Final Approval by our Loan Committee and cleared for docs
Loan Amount and LTV Limitations
• Fully Amortizing and Interest ONLY•
LOAN LEVEL PRICING ADJUSTMENTS: LLPA's Program Exceptions below are considered
All Adjustments are independent of each other RATE ADJUSTMENTS : Add to Rate
RATE ADJUSTMENTS : Add to Rate Exceptions need approval prior to lock/submission (contact your AE)
R&T/CO 5%/2%/5% NONE 45 Days
R&T/CO 5%/2%/5% NONE 45 Days
PORTFOLIO PROGRAM PRICING: Investment Property Residences
Purpose Caps Prepay Lock Term
R&T/CO 5%/2%/5% NONE 45 Days
R&T/CO 5%/2%/5% NONE 45 Days
R&T/CO 5%/2%/5% NONE 45 Days
R&T/CO 5%/2%/5% NONE 45 Days
R&T/CO 5%/2%/5% NONE 45 Days
9/5/2017
PORTFOLIO PROGRAM PRICING: Primary and Second Home Residences
Purpose Caps Prepay Lock Term
Occupancy Loan Amount
Primary
$100,000 to < $1,000,000
$1,000,001 to < $1,500,000
$1,500,001 to < $2,500,000
Investment Property & Second Home > 4
financed$100,000 to < $1,000,000
Second Home $100,000 to < $1,000,000
Investment Property - Fully Amortizing $100,000 to < $1,000,000
Investment Property - Interest Only $100,000 to < $1,000,000
Rates as of 9/5/17 8:43 AM
Home Equity Line of Credit - Prime Combo
Rates & TermsPrimary Second Home Investment
Base Start Rate1 5.250% 5.500% 6.750%HCLTV
> 75% to < 80%+0.500%
Index WSJ Prime Rate is 4.25% as of Tuesday, September 05, 2017HCLTV
> 80% to < 85%+1.000%
Base Margin +1.000% +1.250% +2.500%HCLTV
> 85% to < 89.99%+1.500%
Floor Rate 2.990% 2.990% 4.990%
Additional Margin Adjustments (Cumulative to Net Margin Adj)
Condo
2-4 Unit Property
Other Terms
Life Cap
Amortization
Term
Minimum Payment
Annual Fee
Set Up Charge
Early Closure Fee
Eligible CountiesNorthern CA Footprint
(limited to the following counties)
Southern CA Footprint
(limited to the following counties)
See guidelines for details
HelocGuide
Intended for approved Mortgage Brokers use only and not for consumer use or for public distribution. The terms and programs are subject to change without notice.
Please refer to our website or contact us for current information.
1 Base Start Rate includes index + margin. For total rate add all applicable margin adjustments to the base start rate.
18%
+0.250%
+0.125%
Alameda, Contra Costa, Marin, Monterey, Napa, Santa Clara, Santa Cruz, San Francisco, San Mateo, Sonoma
Los Angeles, Orange, San Diego, San Luis Obispo, Santa Barbara, and Ventura
$75.00 (Promo: Waived for first 3 Years - expires December 31, 2017)
$95.00 (Promo: Waived Set up fee - expires December 31, 2017)
$500.00 for all HELOCs with line amounts ≥ $25,000 voluntarily terminated in the first 3 years
Margin Adjustment
Adjustable Rate
25-years (10-year draw period then15-year repayment)
Interest Only during 10-year draw period and fully amortizing payments during 15-year repayment period
12 HELOC
Rates as of 9/5/17 8:43 AM
Home Equity Line of Credit - 360 ComboRates & Terms
Primary Second Home Investment
Base Start Rate1 5.000% 5.500% 6.750%HCLTV
> 75% to < 80%+0.500%
Index WSJ Prime Rate is 4.25% as of Tuesday, September 05, 2017HCLTV
> 80% to < 85%+1.000%
Base Margin+0.750%
+1.250% +2.500%HCLTV
> 85% to < 89.99%+1.500%
Floor Rate 2.990% 2.990% 4.990%
Additional Margin Adjustments (Cumulative to Net Margin Adj)
Condo
2-4 Unit Property
Other Terms
Life Cap
Amortization
Term
Minimum Payment
Annual Fee
Set Up Charge
Early Closure Fee
Eligible CountiesNorthern CA Footprint
(limited to the following counties)
Southern CA Footprint
(limited to the following counties)
See guidelines for details
Heloc360Guide
Intended for approved Mortgage Brokers use only and not for consumer use or for public distribution. The terms and programs are subject to change without notice.
Please refer to our website or contact us for current information.
Margin Adjustment
+0.250%
+0.125%
18%
Adjustable Rate
Alameda, Contra Costa, Marin, Monterey, Napa, Santa Clara, Santa Cruz, San Francisco, San Mateo, Sonoma
Los Angeles, Orange, San Diego, San Luis Obispo, Santa Barbara, and Ventura
30-years (10-year draw period then 20-year repayment)
Draw Period: Principal over 30-year or remaining term plus periodic finance charges.
$75.00 (Promo: Waived for first 3 Years - expires December 31, 2017)
$95.00 (Promo: Waived Set up fee - expires December 31, 2017)
$500.00 for all HELOCs with line amounts ≥ $25,000 voluntarily terminated in the first 3 years
1 Base Start Rate includes index + margin. For total rate add all applicable margin adjustments to the base start rate.
Repayment Period: Principal over 20-year or remaining term plus periodic finance charges
13 HELOC 360
Rates as of
Intended for approved Mortgage Brokers use only and not for consumer use or for public distribution. The terms and programs are subject to change without notice.
Please refer to our website or contact us for current information.
310-614-1699
Scott Parrott 949-297-1166 [email protected] Southern California
Name
San Gabriel, South LA/North Orange
949-435-9383
San Diego858-243-5659
Abdul Aref 949-466-6644
Kris Varia 949-633-2806 [email protected] Orange County
[email protected] Kalem
Lisa Kocsis
408-390-7579
Contact # Email Address Region
Celia Margison 310-902-7970 [email protected] Los Angeles, Ventura
Howard Goldman
510-331-1503
Royal Gooden
South Bay
Joe Melo
Arnie Abramo
510-731-7855
Ken Owens [email protected]
Email AddressContact #
Account Exec. Region
Name
ACCOUNT EXECUTIVES
510-589-7043
Region
Contra Costa/Alameda Co.
Sales Manager: Southern- Cal
Mark Panella Sales Manager: Northern- Cal
Email Address
510-435-9940
ACCOUNT EXECUTIVES
9/5/17 8:43 AM
WHOLESALE SALES TEAMS
NORTHERN CALIFORNIA
Sacramento
Contact #
925-724-8721 San Francisco/North Bay
Name
Mark Levitch
Contact #
East Bay
South Bay/Peninsula/Central Coast
Account Exec. Region
Scott McCarthy
Jillian Polce
SALES SUPPORT
Mike Cook
Name
916-943-6880
Email Address
SOUTHERN CALIFORNIA
909-851-2938John Chang
714-262-1801
Contact #
Name
Orange County, LA
Email Address
Region
Scott Borst
619-541-0946 San Diego
San Fernando Valley/Los Angeles
Orange County/Los Angeles
Nafice Amini 949-767-7004 [email protected] Orange County, San Bernadino/Riverside
Los Angeles/Orange County
LA, Ventura & Santa Barbara
George Caramihai 818-269-9966
14 contact info