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Midwest Loan Services - Classic Pricing
09/08/04
Classic:  30 Yr. Fixed Rate, 20 Yr. Fixed Rate Classic:  15 Yr. Fixed Rate Classic:  5/1 Yr. LIBOR ARM - 2.25% Margin Classic:  5/6 Mo. LIBOR ARM - 2.25% Margin Classic:  6 Mo. LIBOR ARM - 2.75% Maximum Margin
(J30F)   (J15F)   (J51L) 0 (J56L) 0 0   Classic Price Adjustments  
Max Price 103 Max Price 103 Max Price 102.25 Max Price 102.25     All Products  
Rate Price Rate Price Rate Price Rate Price Rate Price 2 Unit           -0.500  
7.125 102.5683 6.75 103.1565 6.5 103.785 6.75 103.563 4.25 101.8222 3-4 Unit           -1.000  
7 102.4433 6.625 103.0315 6.375 103.5975 6.625 103.3755 4 101.4222 Low-Rise Condo         -0.250  
6.875 102.3183 6.5 102.9065 6.25 103.41 6.5 103.188 High-Rise Condo         -0.250  
6.75 102.1933 6.375 102.7815 6.125 103.2225 6.375 103.0005 Limited Doc (fixed rate products only)   -0.375  
6.625 102.0683 6.25 102.6565 6 103.035 6.25 102.813 Escrow Waiver         -0.125  
6.5 101.9433 6.125 102.521 5.875 102.8475 6.125 102.6255  
6.375 101.8183 6 102.3335 5.75 102.656 6 102.438 J30F/J20F/J15F/J56L Price Adjustments  
6.25 101.6793 5.875 102.1355 5.625 102.4185 5.875 102.2373 Loan Amount <= $100 K       -0.375  
6.125 101.4778 5.75 101.8855 5.5 102.181 5.75 101.9998 Loan Amount > $100 K to $333,700     0.250  
6 101.2138 5.625 101.625 5.375 101.9435 5.625 101.7623 Loan Amount > $400 K to $650 K     -0.125  
5.875 100.8033 5.5 101.3125 5.25 101.706 5.5 101.5248 Loan Amount > $650 K to $1 MM     -0.375  
5.75 100.0253 5.375 100.9475 5.125 101.4685 5.375 101.2873 Loan Amount > $1 MM to $1.5 MM     -0.750  
5.625 99.1363 5.25 100.3015 5 101.225 5.25 101.0498 Loan Amount > $1.5 MM to $2 MM     -1.000  
5.5 98.1848 5.125 99.541 4.875 100.9125 5.125 100.7925 Cashout Refinance       -0.375  
5.375 97.1848 5 98.718 4.75 100.6 5 100.48 Second Home         -0.750  
5.25 96.1848 4.875 97.843 4.625 100.2875 4.875 100.1675 Interest Only            
5.125 95.1848 4.75 96.968 4.5 99.975 4.75 99.855    J30F           -0.250 J6MP Price Adjustments  
5 94.1848 4.625 96.093 4.375 99.6625 4.625 99.5425    J56L           -0.375 Loan Amount <= $100 K       -0.125  
4.875 93.1848 4.5 95.218 4.25 99.345 4.5 99.23 California Loans (except J15F)     -0.125 Loan Amount > $100 K to $400 K     0.000  
FICO Adjustments:     >=720 719-680 Loan Amount > $400 K to $650 K     0.000  
   LTV 90.01-95       -0.500 -0.875 Loan Amount > $650 K to $1MM     0.000  
   LTV 85.01-90       0.250 -0.375 Loan Amount > $1 MM to $1.5 MM     -0.625  
   LTV 80.01-85       0.250 -0.125 Loan Amount > $1.5MM to $2 MM     -1.000  
   LTV 75.01-80       0.250 0.000 Cashout Refinance       -0.375  
   LTV 70.01-75       0.250 0.000 Second Home         -0.750  
   LTV 65.01-70       0.250 0.250 Interest Only         -0.125  
   LTV 60.01-65       0.500 0.375 FICO Adjustments:     >=720 719-680  
   LTV <=60       0.625 0.500    LTV 90.01-95       0.000 -0.875  
   LTV 85.01-90       0.000 -0.375  
J51L Price Adjustments    LTV 80.01-85       0.000 -0.125  
Loan Amount > $333,700 to $400 K         -0.375    LTV 75.01-80       0.000 0.000  
Loan Amount > $400 K to $650 K     -0.750    LTV 70.01-75       0.000 0.000  
Loan Amount > $650 K to $1 MM     -1.125    LTV 65.01-70       0.125 0.000  
Loan Amount > $1 MM to $1.5 MM     -1.375    LTV 60.01-65       0.125 0.000  
Loan Amount > $1.5 MM to $2 MM     -1.625    LTV <=60       0.250 0.000  
Cashout Refi         -0.500  
Interest Only         -1.000  
California Loans         -0.125  
LTV 90.01-95         -0.250  
LTV 65.01-95 and Combined LTV 90.01-95   -0.250