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