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