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Midwest Loan
Services - Alt A Pricing |
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09/08/04 |
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Alt-A: 30 Yr. Fixed Rate, 20 Yr. Fixed Rate |
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Alt-A: 15 Yr. Fixed Rate |
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Alt-A: 6 Mo. LIBOR ARM |
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Alt-A: 3/6 Mo. LIBOR ARM - 2.25% Margin |
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Alt-A: 5/6 Mo. LIBOR ARM - 2.25% Margin |
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Alt-A: 7/6 Mo. LIBOR ARM - 2.25% Margin |
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Alt-A: 10/6 Mo. LIBOR ARM - 2.25% Margin |
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Margin Buy-Ups (A6MH
Only) |
Margin Buy-Downs (A6MH
Only) |
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A6MH Only |
(A30F) |
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(A15F) |
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(A6MH) |
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(A36L) |
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(A56L) |
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(A76L) |
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(A10L) |
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1.25:1 up to 2.75%
margin |
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1.75:1 down to 1.75%
margin |
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Max
Price |
103.25 |
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Max
Price |
103.25 |
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Max
Price |
102.25 |
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Max Price |
102.25 |
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Max
Price |
102.25 |
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Max
Price |
102.25 |
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Max
Price |
102.25 |
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Margin Adjustments (Add to base
margin) |
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LTV<=65 |
65.01-70 |
70.01-75 |
75.01-80 |
80.01-85 |
85.01-90 |
90.01-95 |
95.01-97 |
Rate |
Price |
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Rate |
Price |
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Rate |
Price |
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Rate |
Price |
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Rate |
Price |
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Rate |
Price |
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Rate |
Price |
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FICO >= 680 |
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0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
7.25 |
102.7246 |
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6.625 |
102.3596 |
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5.375 |
102.2465 |
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5.875 |
102.4638 |
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6.75 |
103.6115 |
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6.875 |
103.3605 |
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7.125 |
103.365 |
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FICO < 680 |
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0.250 |
0.250 |
0.250 |
0.250 |
0.250 |
0.250 |
0.250 |
0.250 |
7.125 |
102.5996 |
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6.5 |
102.2346 |
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5.25 |
102.1528 |
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5.75 |
102.3075 |
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6.625 |
103.424 |
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6.75 |
103.173 |
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7 |
103.1775 |
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Interest Only |
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0.250 |
0.250 |
0.250 |
0.250 |
0.250 |
0.250 |
0.250 |
0.250 |
7 |
102.4746 |
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6.375 |
102.1096 |
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5.125 |
102.059 |
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5.625 |
102.1513 |
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6.5 |
103.2365 |
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6.625 |
102.9855 |
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6.875 |
102.99 |
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6.875 |
102.3496 |
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6.25 |
101.9846 |
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5 |
101.9653 |
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5.5 |
101.995 |
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6.375 |
103.049 |
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6.5 |
102.798 |
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6.75 |
102.8025 |
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Price Adjustments |
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Alt-A 1st
Lien Products |
6.75 |
102.2246 |
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6.125 |
101.8596 |
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4.875 |
101.8715 |
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5.375 |
101.819 |
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6.25 |
102.8615 |
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6.375 |
102.5873 |
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6.625 |
102.615 |
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(Add to base price) |
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LTV<=65 |
65.01-70 |
70.01-75 |
75.01-80 |
80.01-85 |
85.01-90 |
90.01-95 |
95.01-97 |
6.625 |
102.0996 |
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6 |
101.7346 |
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4.75 |
101.7778 |
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5.25 |
101.6315 |
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6.125 |
102.674 |
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6.25 |
102.3685 |
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6.5 |
102.4275 |
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Amt < $40k |
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-2.000 |
-2.000 |
-2.000 |
-2.000 |
-2.000 |
-2.000 |
-2.000 |
-2.000 |
6.5 |
101.9746 |
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5.875 |
101.6096 |
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4.625 |
101.662 |
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5.125 |
101.444 |
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6 |
102.482 |
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6.125 |
102.1498 |
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6.375 |
102.24 |
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Amt => $40k to $50k |
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-1.000 |
-1.000 |
-1.000 |
-1.000 |
-1.000 |
-1.000 |
-1.000 |
-1.000 |
6.375 |
101.8356 |
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5.75 |
101.482 |
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4.5 |
101.537 |
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5 |
101.2565 |
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5.875 |
102.232 |
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6 |
101.931 |
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6.25 |
102.0525 |
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Amt > $50k to $333,700
(except A36L/A31L/A56L/A51L/A30F) |
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0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
-0.375 |
-0.375 |
6.25 |
101.6341 |
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5.625 |
101.3335 |
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4.375 |
101.412 |
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4.875 |
101.0295 |
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5.75 |
101.982 |
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5.875 |
101.6658 |
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6.125 |
101.775 |
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Amt > $50k
to $333,700 (A36L & A31L only) |
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0.625 |
0.500 |
0.375 |
0.375 |
0.250 |
0.250 |
0.125 |
0.125 |
6.125 |
101.3631 |
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5.5 |
101.1355 |
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4.25 |
101.243 |
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4.75 |
100.7795 |
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5.625 |
101.732 |
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5.75 |
101.3845 |
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6 |
101.4625 |
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Amt > $50k
to $333,700 (A56L & A51L only) |
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1.000 |
0.875 |
0.750 |
0.750 |
0.500 |
0.375 |
0.375 |
0.125 |
6 |
100.9283 |
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5.375 |
100.8225 |
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4.125 |
101.0555 |
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4.625 |
100.5295 |
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5.5 |
101.482 |
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5.625 |
101.1033 |
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5.875 |
101.15 |
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Amt > $50k
to $333,700 (A30F only) |
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0.750 |
0.625 |
0.500 |
0.500 |
0.250 |
0.250 |
0.125 |
0.125 |
5.875 |
100.1503 |
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5.25 |
100.1765 |
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4 |
100.868 |
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4.5 |
100.2795 |
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5.375 |
101.232 |
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5.5 |
100.822 |
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5.75 |
100.8375 |
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Amt > $333,700k
to $400k |
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0.000 |
-0.250 |
-0.250 |
-0.250 |
-0.250 |
-0.250 |
-0.625 |
-0.750 |
5.75 |
99.2613 |
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5.125 |
99.416 |
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3.875 |
100.6585 |
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4.375 |
99.9505 |
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5.25 |
100.973 |
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5.375 |
100.471 |
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5.625 |
100.48 |
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Amt > $400k
to $650k |
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0.000 |
-0.250 |
-0.250 |
-0.250 |
-0.250 |
-0.250 |
-0.625 |
NA |
5.625 |
98.3098 |
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5 |
98.593 |
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3.75 |
100.3958 |
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4.25 |
99.5755 |
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5.125 |
100.598 |
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5.25 |
100.096 |
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5.5 |
100.105 |
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Amt > $650k
to $1M |
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-0.125 |
-0.375 |
-0.500 |
-0.750 |
NA |
NA |
NA |
NA |
5.5 |
97.3098 |
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4.875 |
97.718 |
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3.625 |
100.1145 |
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4.125 |
99.161 |
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5 |
100.2185 |
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5.125 |
99.628 |
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5.375 |
99.64 |
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Amt > $1M
to $1.5M |
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-0.750 |
-1.250 |
-1.500 |
NA |
NA |
NA |
NA |
NA |
5.375 |
96.3098 |
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4.75 |
96.843 |
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3.5 |
99.83325 |
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4 |
98.7235 |
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4.875 |
99.781 |
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5 |
99.128 |
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5.25 |
99.14 |
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Amt > $1.5M
to $2M |
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-1.250 |
-1.750 |
NA |
NA |
NA |
NA |
NA |
NA |
5.25 |
95.3098 |
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4.625 |
95.968 |
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3.375 |
99.552 |
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3.875 |
98.2465 |
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4.75 |
99.339 |
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4.875 |
98.535 |
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5.125 |
98.55 |
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Amt > $2M
and <= $4M |
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-2.000 |
-2.500 |
NA |
NA |
NA |
NA |
NA |
NA |
5.125 |
94.3098 |
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4.5 |
95.093 |
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3.25 |
99.27075 |
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3.75 |
97.7465 |
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4.625 |
98.839 |
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4.75 |
97.91 |
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5 |
97.925 |
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Cashout Refi |
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0.000 |
-0.250 |
-0.375 |
-0.625 |
-0.875 |
-1.250 |
NA |
NA |
5 |
93.3098 |
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4.375 |
94.218 |
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3.125 |
98.9895 |
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3.625 |
97.2465 |
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4.5 |
98.339 |
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4.625 |
97.285 |
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4.875 |
97.3 |
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No MI (O/O;Full/Alt;C/O) |
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NA |
NA |
NA |
NA |
-1.750 |
-2.750 |
NA |
NA |
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No MI (O/O;Full/Alt;Pur/RT) |
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NA |
NA |
NA |
NA |
-1.500 |
-2.000 |
-2.875 |
NA |
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2nd Home |
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0.000 |
-0.375 |
-0.625 |
-0.875 |
-1.250 |
-1.250 |
-1.750 |
NA |
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Non-Owner |
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0.000 |
-0.625 |
-1.000 |
-1.500 |
-1.500 |
-2.000 |
NA |
NA |
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3-4 Units |
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0.000 |
-0.500 |
-0.750 |
-1.000 |
NA |
NA |
NA |
NA |
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Low Rise
Condo |
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0.000 |
-0.250 |
-0.500 |
-0.500 |
-0.625 |
-0.625 |
-0.625 |
-0.625 |
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High Rise
Condos |
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0.000 |
-0.250 |
-0.500 |
-0.625 |
-0.750 |
-0.875 |
-1.000 |
-1.000 |
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Condotel
(in addition to condo adj.) |
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-0.500 |
-0.500 |
-0.500 |
NA |
NA |
NA |
NA |
NA |
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FICO Score>720 |
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0.125 |
0.250 |
0.375 |
0.375 |
0.375 |
0.375 |
0.375 |
0.375 |
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FICO Score
660-679 |
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0.000 |
0.000 |
0.000 |
-0.250 |
-0.500 |
-1.000 |
-1.750 |
NA |
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FICO Score<660 |
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0.000 |
-0.250 |
-0.375 |
-0.625 |
NA |
NA |
NA |
NA |
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Limited Doc |
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0.000 |
-0.125 |
-0.250 |
-0.375 |
-0.625 |
-0.750 |
-1.000 |
NA |
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No MI (O/O;
Ltd Doc; Pur/RT) |
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NA |
NA |
NA |
NA |
-2.250 |
-3.000 |
NA |
NA |
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No Ratio |
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0.000 |
-0.250 |
-0.500 |
-0.875 |
-1.125 |
-1.375 |
-1.625 |
NA |
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No MI (O/O;
No Ratio; Pur/RT) |
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NA |
NA |
NA |
NA |
-2.750 |
-3.500 |
NA |
NA |
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No Doc |
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0.000 |
-0.500 |
-1.500 |
-2.000 |
-2.125 |
-2.375 |
-2.625 |
NA |
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No MI (O/O;
No Doc; Pur/RT) |
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NA |
NA |
NA |
NA |
1.625% |
2.000% |
NA |
NA |
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0.000 |
0.000 |
0.000 |
0.000 |
To Yld |
To Yld |
0 |
0 |
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Escrow Waiver |
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-0.125 |
-0.125 |
-0.125 |
-0.125 |
NA |
NA |
NA |
NA |
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Interest Only (Fixed Rate
Products) |
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-0.125 |
-0.125 |
-0.125 |
-0.125 |
-0.125 |
-0.125 |
-0.125 |
-0.125 |
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Interest Only (Adjustable
Rate Products) |
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-0.250 |
-0.250 |
-0.250 |
-0.250 |
-0.250 |
-0.250 |
-0.250 |
-0.250 |
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Interest Only (Amt >
$50k to $333,700 & CLTV > 90% - in addition to product I/O adj) |
-0.250 |
-0.250 |
-0.250 |
-0.250 |
-0.250 |
-0.250 |
-0.250 |
-0.250 |
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