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Midwest Loan Services - Express ARM Rates
09/08/04
Express:  3/27 6 Mo. LIBOR ARM - 5.00% Margin Express:  2/28 6 Mo. LIBOR ARM - 5.00% Margin Express:  5/25 6 Mo. LIBOR ARM - 5.00% Margin FICO FICO FICO FICO FICO
3Yr Fixed Rate - No Prepay  (E27L) 2Yr Fixed Rate - No Prepay  (E28L) 5/25 6mo Libor - No Prepay  (E25L) Rate Adjustment Factors 720 + 680 - 719 660 - 679 640 - 659 620 - 639 Price Adjustments (All FICO scores)
Max Price 102 Max Price 102 Max Price 102 LTV < = 60.00% 0.0000% 0.0000% 0.0650% 0.3350% 0.5000% Amt $333,701 - $650,000 -1.0000
Rate Price Rate Price Rate Price LTV > 60.00% < = 65.00% 0.0150% 0.0650% 0.1750% 0.4350% 0.6300% Amt $250,000 - $333,700 0.1571
8.125 102.2989 8 102.0492 8.25 102.5069 LTV > 65.00% < = 70.00% 0.0900% 0.1300% 0.2900% 0.5750% 0.8150% Amt $200,000 - $249,999 0.1326
8 102.2364 7.875 101.9867 8.125 102.4444 LTV > 70.00% < = 75.00% 0.1750% 0.2450% 0.4250% 0.7550% 1.0600% Amt $150,000 - $199,999 0.0858
7.875 102.1739 7.75 101.9242 8 102.3819 LTV > 75.00% < = 80.00% 0.2600% 0.3550% 0.5950% 0.9250% 1.3800% Amt $100,000 - $149,999 0.0000
7.75 102.1114 7.625 101.8617 7.875 102.3194 LTV > 80.00% < = 85.00% 0.4800% 0.5700% 0.8600% 1.1800% 1.8500% Amt $50,000 - $99,999 -0.2084
7.625 102.0489 7.5 101.7992 7.75 102.2569 LTV > 85.00% < = 90.00% 0.6200% 0.7350% 1.0750% 1.4300% 2.2400% Amt $25,000 - $49,999 -0.7084
7.5 101.9239 7.375 101.6742 7.625 102.1319 LTV > 90.00% < = 95.00% 0.8500% 1.0250% 1.4250% 1.7250% 2.6300% Amt < $25,000 -2.0417
7.375 101.7989 7.25 101.5492 7.5 102.0069 LTV > 95.00% < = 100.00% 1.0750% 1.5800% 2.0300% N/A N/A
7.25 101.6739 7.125 101.4242 7.375 101.8819 Cash Out Refinance <= 90% LTV 0.1000% 0.1000% 0.1000% 0.2500% 0.2500% Escrow Waiver LTV <=80% -0.2500
7.125 101.5489 7 101.2992 7.25 101.7569 Cash Out Refinance > 90% LTV 0.4000% 0.4000% 0.4000% N/A N/A Escrow Waiver LTV >80% -0.3750
7 101.4239 6.875 101.1742 7.125 101.6319 Stated Income <= 80% LTV 0.2500% 0.3750% 0.3750% N/A N/A California Adjustment -0.2500
6.875 101.2989 6.75 101.0492 7 101.5069 Stated Income > 80% LTV 0.3750% 0.5000% 0.5000% N/A N/A
6.75 101.1739 6.625 100.9242 6.875 101.3819 DTI > 45% 0.0700% 0.1000% 0.1000% N/A N/A
6.625 101.0489 6.5 100.7992 6.75 101.2569 Second Home 0.5000% 0.5500% 0.6000% 0.6250% 0.8750%
6.5 100.9239 6.375 100.6742 6.625 101.1319 2 - 4 Unit 0.2000% 0.2750% 0.2750% 0.3600% 0.5000%
6.375 100.7676 6.25 100.5492 6.5 101.0069 Non-Owner Occupied 1.4000% 1.7000% 1.8750% 2.0250% 2.5250%
6.25 100.6114 6.125 100.4242 6.375 100.8506 Low Rise Condo 0.1250% 0.1250% 0.1250% 0.1250% 0.1250%
6.125 100.4551 6 100.2992 6.25 100.6944 High Rise Condo 0.3750% 0.3750% 0.3750% 0.3750% 0.3750%
6 100.2989 5.875 100.1742 6.125 100.5381 1st Lien with Subordinated Debt 0.5000% 0.5000% 0.5000% 0.5000% 0.5000%
5.875 100.1426 5.75 100.0492 6 100.3819
5.75 99.98635 5.625 99.89295 5.875 100.2256
5.625 99.8301 5.5 99.7367 5.75 100.0694
5.5 99.6426 5.375 99.58045 5.625 99.86623
5.375 99.4551 5.25 99.4242 5.5 99.6631                                
5.25 99.2676 5.125 99.26795 5.375 99.45998
5.125 99.0801 5 99.1117 5.25 99.25685
5 98.8926 4.875 98.95545 5.125 99.05373
4.875 98.7051 4.75 98.7992 5 98.8506
4.75 98.5176 4.625 98.64295 4.875 98.6006
4.625 98.3301 4.5 98.4867 4.75 98.3506
4.5 98.1426 4.375 98.33045 4.625 98.1006
4.375 97.9551 4.25 98.1742 4.5 97.8506