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Closed Loan Seller Daily
Effective Date 8/11/2015 8/11/2015
Expiration Date 8/31/2015
Index Libor 1M 0.191%
Index Libor 1Yr 0.836%
10 Year Swap 2.30%
Fixed Rate HECM Products++
Rate Type Rate
15 Day Lock
Premium
Fixed 4.500 109.000
Fixed 4.750 110.500
Fixed 4.990 112.000
Fixed 5.060 112.375
Fixed 5.180 113.125
Fixed 5.310 113.875
Fixed 5.360 114.175
Rate Type Margin15 Day Lock
PremiumServicing Fee Initial Rate Expected Rate
1 Month Libor 2.000 108.375 $0 2.191 4.300
1 Month Libor 2.125 109.125 $0 2.316 4.425
1 Month Libor 2.250 110.000 $0 2.441 4.550
1 Month Libor 2.375 110.625 $0 2.566 4.675
1 Month Libor 2.500 111.375 $0 2.691 4.800
1 Month Libor 2.625 112.125 $0 2.816 4.925
1 Month Libor 2.750 112.875 $0 2.941 5.050
1 Month Libor 2.875 113.625 $0 3.066 5.175
1 Month Libor 3.000 114.250 $0 3.191 5.300
1 Month Libor 3.125 115.125 $0 3.316 5.425
1 Month Libor 3.250 115.875 $0 3.441 5.550
Rate Type Margin15 Day Lock
PremiumServicing Fee Initial Rate Expected Rate
1 Year Libor 2.000 108.850 $0 2.836 4.300
1 Year Libor 2.125 109.725 $0 2.961 4.425
1 Year Libor 2.250 110.475 $0 3.086 4.550
1 Year Libor 2.375 111.100 $0 3.211 4.675
1 Year Libor 2.500 111.850 $0 3.336 4.800
1 Year Libor 2.625 112.600 $0 3.461 4.925
1 Year Libor 2.750 113.350 $0 3.586 5.050
1 Year Libor 2.875 114.100 $0 3.711 5.175
1 Year Libor 3.000 114.725 $0 3.836 5.300
1 Year Libor 3.125 115.600 $0 3.961 5.425
1 Year Libor 3.250 116.350 $0 4.086 5.550
LOCK BOX
Lock Date: 15 Day:
30 Day:
COMPANY NAME:
LOAN NUMBER:
BORROWER LAST NAME:
FIXED RATE: RATE:
ADJUSTABLE (Monthly): MARGIN:
ADJUSTABLE (Annual): MARGIN:
LOCKED BY:
SIGNATURE:
For business and professional use only. Not for consumer distribution.
Annual Adjustable Rate HECM Products
Monthly Adjustable Rate HECM Products
30 Days - lock pricing is Premium less 50bps.
Closed Loan Seller
*Price is paid on UPB. ++Fixed rate loans with UPB <$75k and <60% Principal Limit Utilization will be priced at par (100.00%).
15 Days – Urban must clear the loan for purchase within 15 calendar days. Calendar days include Saturdays, but exclude Sundays and Holidays. If such date falls on a
weekend or holiday then the lock shall expire on the first business day after that or the loan is subject to current market price at Urban’s discretion.
www.ufawholesale.com8909 South Yale Avenue, Tulsa OK 74137 (918) 477-7771 (888) 777-3311
NMLS #2285 (http://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/2285); Corporate Office: 8909 South Yale Avenue, Tulsa, OK 74137. Not all products and options are available in all
Loans must be purchased within the lock period in order to receive the lock price.
If lock expires before the loan is purchased, the lock price will default to the lower of the original locked price or the price at the time the loan is purchased.
PLEASE CHECK ONE OF THE APPLICABLE BOXES
RATE PRICE RATE PRICE3.99% 103.750 4.99% 112.7054.25% 108.265 5.06% 113.1254.50% 109.765 5.15% 113.6654.75% 111.265 5.31% 114.625
For Closed Loan Sellers, Longbridge Financial is approved to purchase closed HECM Loans in the following States:
Contact Information:
Channel Leader - Peter Sciandra, VP, TPO Channel Leader: [email protected] 214-701-0973
Compliance - Laura Cullen, VP, Compliance: [email protected]
Underwriting - Valerie Maher, Manager, Underwriting: [email protected]
Closing/Purchase Funding - Kerry O'Hara, Manager, Closing/Purchase Funding: [email protected]
3.000 5.300 3.192 114.4625 1.90%
All Locks Are 15 Day Locks - Loan Must Be Purchasable Within The Lock Period
3.250 5.550 3.442 115.9625 2.10%
3.125 5.425 3.317 115.2125 2.00%
81115-01
0.847
Longbridge Financial Price Sheet* - FHA HECM Programs
Margin
* All Prices Depicted Below Are Subject to Change At Any Time
Rate Sheet Number
10 Year Swap 2.300 One Month LIBOR 0.192 One Year LIBOR
Effective Date Effective Time 5:00PM EST8/11/2015
All Locks Are 15 Day Locks - Loan Must Be Purchasable Within The Lock Period
2.500
2.375
2.250
2.125
2.000
Expected Rate
5.550
5.425
5.300
5.175
3.250
3.125
3.000
2.875
2.750
2.625
4.300
5.050
4.925
4.800
4.675
4.550
4.425
3.097
2.972
2.847
Price on Draw
116.175
115.425
114.675
113.875
113.175
112.425
Note Rate
4.097
3.972
3.847
3.722
3.597
3.472
3.347
3.222
1.00%
LBF Gold Program - Annual ARM - 5% Lifetime Cap
LBF Gold Program - Monthly ARM - 10% Lifetime Cap
Margin Expected Rate Note Rate Price on Draw Pct on Unused PL
1.70%
1.50%
1.40%
1.30%
1.20%
1.10%
111.675
110.925
110.175
109.425
108.675
Pct on Unused PL
2.10%
2.00%
1.90%
1.80%
2.875 5.175 3.067 113.7125 1.80%
2.750 5.050 2.942 112.9625 1.70%
2.625 4.925 2.817 112.2125 1.50%
2.500 4.800 2.692 111.4625 1.40%
2.375 4.675 2.567 110.7125 1.30%
2.250 4.550 2.442 109.9625 1.20%
2.125 4.425 2.317 109.2125 1.10%
Approved States
For Principal Authorized Agent Sellers, Longbridge Financial is approved to underwrite and purchase loans in the following states:
2.000 4.300 2.192 108.4625 1.00%
Gold Fixed Rate HECM Pricing
AL, AR, AZ, CA, CO, CT, DE, DC, FL, GA, ID, IL, IN, IA, KS, KY, LA, MA, MD, MI, MN, MO, MS, MT, NE, NH, NJ, NM, NC, ND, OK, OR,
PA, RI, SC, SD, TN, TX, VA, WA, WI, WV, WY, VT
AL, AR, CA,CO, CT, DE, DC, FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, MI, MN, MO, MS, MT, NE, NH, NJ, NM, NC, ND, OK, OR,
PA, RI, SC, SD, TN, TX, VA, WA, WI, WV, WY, VT
114.591 114.676 114.778 114.586 114.533 115.412 116.162 116.712 119.062 121.212
113.966 114.051 114.153 113.961 113.908 114.787 115.537 116.087 118.437 120.587
113.341 113.426 113.528 113.336 113.283 114.162 114.912 115.462 117.812 119.962
113.216 113.176 113.403 113.211 113.158 113.920 114.670 115.720 117.820 120.220
112.791 113.426 113.028 113.211 113.283 114.177 115.427 116.477 118.327 119.977
112.166 113.001 113.403 113.211 112.908 113.412 114.662 116.212 117.687 119.462
111.541 112.376 112.978 113.186 113.033 113.442 114.662 115.662 116.812 118.212
110.791 111.626 112.228 112.436 112.283 112.692 113.287 114.537 115.562 116.837
110.041 110.876 111.478 111.686 111.533 111.942 112.527 113.412 114.312 115.462
109.291 110.126 110.728 110.936 110.783 111.192 111.277 112.662 113.562 114.712
108.541 109.376 109.978 110.186 110.033 110.442 110.527 111.912 112.812 113.962
107.791 108.626 109.228 109.436 109.283 109.692 109.777 111.162 112.062 113.212
107.041 107.876 108.478 108.686 108.533 108.942 109.027 110.412 111.312 112.462
114.739 115.566 116.404 116.356 116.191 118.132 119.382 120.582 121.932 123.582
114.114 115.273 115.791 116.355 116.500 117.032 118.232 119.432 120.732 122.882
113.489 114.316 115.154 115.106 114.941 116.632 117.882 119.082 120.432 122.082
112.864 113.691 114.529 114.481 114.316 115.882 117.132 118.332 119.682 121.332
112.239 113.066 113.904 113.856 113.691 115.132 116.382 117.582 118.932 120.582
111.614 112.441 113.279 113.231 113.066 113.257 113.332 116.657 117.882 119.407
110.989 111.816 112.654 112.606 112.441 113.382 114.382 115.332 116.432 117.832
110.239 111.066 111.904 111.706 111.566 112.307 113.007 114.207 115.182 116.457
109.489 110.316 111.154 110.956 110.816 111.433 112.264 113.082 113.932 115.082
108.739 109.566 110.404 110.206 110.066 110.683 111.014 112.332 113.182 114.332
107.989 108.816 109.654 109.456 109.332 110.032 110.264 111.582 112.432 113.582
107.239 108.066 108.904 108.981 108.832 109.282 109.264 109.132 109.932 111.582
106.489 107.316 108.029 108.106 107.982 108.032 108.014 108.382 109.432 111.082
RATE PRICE RATE PRICE
3.99% 105.000 4.99% 111.125
4.25% 107.000 5.06% 111.585
4.50% 108.500 5.15% 112.000
4.75% 109.875 5.31% 112.900
2.250
2.125
3.500
3.375
3.250
3.125
3.000
2.875
ARM Principal Limit Utilization Percentage
Margin
100% to
90.01%
90% to
80.01%
80% to
70.01%
70% to
60.01%
60% to
50.01%
50% to
40.01%
40% to
30.01%
30% to
20.01%
20% to
10.01%
0.01% to
10%
LBF Standard HECM - Fixed Rate Program
LBF Standard HECM Program - Monthly ARM - 10% Lifetime Cap
2.500
2.375
0.01% to
10%Margin
3.500
3.375
3.250
3.125
3.000
2.875
100% to
90.01%
90% to
80.01%
80% to
70.01%
70% to
60.01%
60% to
50.01%
50% to
40.01%
* All Prices Depicted Below Are Subject to Change At Any Time
All Locks Are 15 Day Locks - Loan Must Be Purchasable Within The Lock Period
ARM Principal Limit Utilization Percentage
40% to
30.01%
30% to
20.01%
20% to
10.01%
2.750
2.625
2.750
2.625
Longbridge Financial Price Sheet* - FHA HECM Programs
2.500
2.375
2.250
2.125
2.000
2.000
LBF Standard HECM Program - Annual ARM - 5% Lifetime Cap
All Locks Are 15 Day Locks - Loan Must Be Purchasable Within The Lock Period
8/11/2015 08:00 A.M. CL081115-01
2.300 0.191 0.836
Expected Note
Rate Rate
Utilization 0.01%
to 10%
Utilization 20% to
10.01%
Utilization 30% to
20.01%
Utilization 40% to
30.01%
Utilization 50% to
40.01%
Utilization 60% to
50.01%
Utilization 70% to
60.01%
Utilization 80% to
70.01%
Utilization 90% to
80.01%
Utilization 100%
to 90.01%
3.500 5.800 4.336 125.162 123.012 121.162 120.112 118.862 117.762 117.612 117.342 117.162 117.062
3.375 5.675 4.211 124.537 122.387 120.537 119.487 118.237 117.137 116.987 116.717 116.537 116.437
3.250 5.550 4.086 123.912 121.762 119.912 118.862 117.612 116.512 116.362 116.092 115.912 115.812
3.125 5.425 3.961 123.170 121.020 119.170 118.120 116.870 115.770 115.620 115.350 115.170 115.070
3.000 5.300 3.836 122.427 120.277 118.427 117.377 116.127 115.027 114.877 114.607 114.427 114.327
2.875 5.175 3.711 120.412 118.512 116.912 116.112 115.112 114.262 114.112 113.842 113.662 113.562
2.750 5.050 3.586 119.662 117.762 116.162 115.362 114.362 113.512 113.362 113.092 112.912 112.812
2.625 4.925 3.461 118.287 116.512 115.037 114.362 113.487 112.762 112.612 112.342 112.162 112.062
2.500 4.800 3.336 116.912 115.262 113.912 113.362 112.612 112.012 111.862 111.592 111.412 111.312
2.375 4.675 3.211 115.435 113.935 112.785 112.335 111.785 111.285 111.135 110.865 110.685 110.585
2.250 4.550 3.086 114.790 113.290 112.140 111.690 111.140 110.640 110.490 110.220 110.040 109.940
2.125 4.425 2.961 114.025 112.525 111.375 110.925 110.375 109.875 109.725 109.455 109.275 109.1752.000 4.300 2.836 113.165 111.665 110.515 110.065 109.515 109.015 108.865 108.595 108.415 108.315
Annual product is not available in Iowa
Expected Note
Rate Rate
Utilization 0.01%
to 10%
Utilization 20% to
10.01%
Utilization 30% to
20.01%
Utilization 40% to
30.01%
Utilization 50% to
40.01%
Utilization 60% to
50.01%
Utilization 70% to
60.01%
Utilization 80% to
70.01%
Utilization 90% to
80.01%
Utilization 100%
to 90.01%
3.500 5.800 3.691 125.032 122.882 121.082 120.082 118.882 117.582 117.182 117.082 116.782 116.682
3.375 5.675 3.566 124.282 122.132 120.332 119.332 118.132 116.832 116.432 116.332 116.032 115.932
3.250 5.550 3.441 123.532 121.382 119.582 118.582 117.382 116.082 115.682 115.582 115.282 115.182
3.125 5.425 3.316 122.782 120.632 118.832 117.832 116.632 115.332 114.932 114.832 114.532 114.432
3.000 5.300 3.191 122.032 119.882 118.082 117.082 115.882 114.582 114.182 114.082 113.782 113.682
2.875 5.175 3.066 120.857 118.832 117.157 116.282 115.207 114.032 113.632 113.532 113.232 113.132
2.750 5.050 2.941 119.282 117.382 115.832 115.082 114.132 113.082 112.682 112.582 112.282 112.182
2.625 4.925 2.816 117.907 116.132 114.707 114.082 113.257 112.332 111.932 111.832 111.532 111.432
2.500 4.800 2.691 116.532 114.882 113.582 113.082 112.382 111.582 111.182 111.082 110.782 110.682
2.375 4.675 2.566 115.082 113.582 112.482 112.082 111.582 110.882 110.482 110.382 110.082 109.982
2.250 4.550 2.441 114.482 112.982 111.882 111.482 110.982 110.282 109.882 109.782 109.482 109.382
2.125 4.425 2.316 113.682 112.182 111.082 110.682 110.182 109.482 109.082 108.982 108.682 108.5822.000 4.300 2.191 112.667 111.167 110.067 109.667 109.167 108.467 108.067 107.967 107.667 107.567
Expected Note
Rate Rate
Utilization 0.01%
to 10%
Utilization 20% to
10.01%
Utilization 30% to
20.01%
Utilization 40% to
30.01%
Utilization 50% to
40.01%
Utilization 60% to
50.01%
Utilization 70% to
60.01%
Utilization 80% to
70.01%
Utilization 90% to
80.01%
Utilization 100%
to 90.01%
3.500 5.800 3.691 118.362 116.862 115.762 115.362 114.862 114.062 113.712 113.562 113.412 113.287
3.375 5.675 3.566 118.425 116.762 115.487 114.937 114.262 113.312 112.962 112.812 112.662 112.537
3.250 5.550 3.441 118.487 116.662 115.212 114.512 113.662 112.562 112.212 112.062 111.912 111.787
3.125 5.425 3.316 117.737 115.912 114.462 113.762 112.912 111.812 111.462 111.312 111.162 111.037
3.000 5.300 3.191 116.987 115.162 113.712 113.012 112.162 111.062 110.712 110.562 110.412 110.287
2.875 5.175 3.066 115.925 114.162 112.775 112.137 111.350 110.312 109.962 109.812 109.662 109.537
2.750 5.050 2.941 114.862 113.162 111.837 111.262 110.537 109.562 109.212 109.062 108.912 108.787
2.625 4.925 2.816 113.800 112.162 110.900 110.387 109.725 108.812 108.462 108.312 108.162 108.037
2.500 4.800 2.691 112.737 111.162 109.962 109.512 108.912 108.062 107.712 107.562 107.412 107.287
2.375 4.675 2.566 111.612 110.112 109.012 108.612 108.112 107.312 106.962 106.812 106.662 106.537
2.250 4.550 2.441 110.862 109.362 108.262 107.862 107.362 106.562 106.212 106.062 105.912 105.787
2.125 4.425 2.316 110.012 108.512 107.412 107.012 106.512 105.712 105.362 105.212 105.062 104.9372.000 4.300 2.191 109.247 107.747 106.647 106.247 105.747 104.947 104.597 104.447 104.297 104.172
Utilization
0.01% to 20%
Utilization
20.01% to 30%
$750 $300
$1,500 $600
$3,500 $1,500
*Rates are subject to change at any time
**Manufactured Homes - 100 bps
*Restricted States: HI, MO, NV, NY, PR
15 day lock
Fixed 4.99 111.705
Monthly 5% CAP
ARM
HECM FIXEDSingle Lump Sum
Price
15 day lock
ARM Adjustments
Principal Limit between
50,000 to 100,000
100,001 to 200,000
> 200,000
Additional Compensation
Fixed 4.75 110.265Fixed 4.5 108.765
Fixed 5.31 113.625
Fixed 5.18 112.845
Fixed 5.06 112.125
Lock Desk Hours are 10 AM to 6 PM Eastern Time – Lock requests submitted after 6 PM must use the next day’s rate sheet.
Annual
ARM
Monthly 10% CAP
ARM
15 day lock
15 day lock
CLSEffective Date Rate Sheet #
10 Year Swap 1 Year LIBOR
Effective Time
1 Month LIBOR
Effective Dates:
FIXED Rate Service Fee 15 Day 30 Day
HECM ‐ FIXED (Closed End) 4.25% $0 104.500 n/a
HECM ‐ FIXED (Closed End) 4.50% $0 107.625 n/a
HECM ‐ FIXED (Closed End) 4.75% $0 109.125 n/a
HECM ‐ FIXED (Closed End) 4.99% $0 110.500 n/a
HECM ‐ FIXED (Closed End) 5.06% $0 110.875 n/a
HECM ‐ FIXED (Closed End) 5.31% $0 112.250 n/a
LIBOR Rate Service Fee Initial Rate Exp. Rate 15 Day 30 Day
HECM ‐ LIBOR 2.000 $0 2.191 4.300 108.613 n/a
HECM ‐ LIBOR 2.125 $0 2.316 4.425 109.375 n/a
HECM ‐ LIBOR 2.250 $0 2.441 4.550 110.125 n/a
HECM ‐ LIBOR 2.375 $0 2.566 4.675 110.625 n/a
HECM ‐ LIBOR 2.500 $0 2.691 4.800 111.625 n/a
HECM ‐ LIBOR 2.625 $0 2.816 4.925 112.375 n/a
HECM ‐ LIBOR 2.750 $0 2.941 5.050 113.125 n/a
HECM ‐ LIBOR 2.875 $0 3.066 5.175 113.625 n/a
HECM ‐ LIBOR 3.000 $0 3.191 5.300 114.625 n/a
HECM ‐ LIBOR 3.125 $0 3.316 5.425 115.375 n/a
HECM ‐ LIBOR 3.250 $0 3.441 5.550 116.125 n/a
HECM ‐ LIBOR 4.000 $0 4.191 6.300 117.125 n/a
1 Month LIBOR = 0.191 10yr LIBOR Swap = 2.3
LIBOR ANNUAL Rate Service Fee Initial Rate Exp. Rate 15 Day 30 Day
HECM ‐ LIBOR ANNUAL 2.000 $0 2.836 4.300 108.500 n/a
HECM ‐ LIBOR ANNUAL 2.125 $0 2.961 4.425 109.250 n/a
HECM ‐ LIBOR ANNUAL 2.250 $0 3.086 4.550 110.000 n/a
HECM ‐ LIBOR ANNUAL 2.375 $0 3.211 4.675 110.750 n/a
HECM ‐ LIBOR ANNUAL 2.500 $0 3.336 4.800 111.500 n/a
HECM ‐ LIBOR ANNUAL 2.625 $0 3.461 4.925 112.250 n/a
HECM ‐ LIBOR ANNUAL 2.750 $0 3.586 5.050 113.000 n/a
HECM ‐ LIBOR ANNUAL 2.875 $0 3.711 5.175 114.250 n/a
HECM ‐ LIBOR ANNUAL 3.000 $0 3.836 5.300 115.500 n/a
HECM ‐ LIBOR ANNUAL 3.125 $0 3.961 5.425 115.750 n/a
HECM ‐ LIBOR ANNUAL 3.250 $0 4.086 5.550 116.500 n/a
1 Year LIBOR = 0.836 10yr LIBOR Swap = 2.3
Reset month must be on or after Annual adjustable with a 5% lifetime cap and 2% periodic cap.
To lock a loan, please click this link: RMS Secondary Desk Loan Lock Module
(408) 355‐3713(864) 304‐3016(248) 703‐9823(619) 794‐0697(404) 539‐2550(310) 571‐5757 [email protected]
(619) 794‐0669(619) 794‐0754(503) 892‐1054(619) 794‐0762(619) 794‐0619 [email protected]
(619) 794‐0680(916) 380‐7697
State Licensing: AL, AK, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, MA, MD, ME, MI, MO, MN, MS,
MT, NC, ND, NE, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
Reverse Mortgage Solutions, Inc.
3131 Camino Del Rio N., Suite 1400, San Diego, CA 92108
(866) 480‐4715
This information is only intended for use by mortgage professionals and is not an advertisement for the extension of credit to consumers.
Effective Dates: 8/11/15 ‐ 8/17/15
8/11/2015
Hybrid Tier 1 Pricing
Steven Klein: Director of Institutional Lending [email protected]
Effective Dates: 8/11/15 ‐ 8/17/15
Important Notes
Lock Desk is open from 9am to 4pm CST. Any locks received after 4pm CST will receive current pricing on the following day
Loans must fund within the lock period in order to receive the locked price. .750 deduction for Libor utilization > 80.1, .50 deduction for 70.01 ‐80%
If lock expires before the loan is purchased, the lock price will default to the lower of the original locked price or the price at the time the loan funds
Fixed Rate: compensation based on maximum proceeds available to the borrower (UPB)
Manufactured Homes: 200bps adjustment to price. See guidelines for further details.
For Bulk, Forward Commitments and Flow Incentives, please contact your Production Director below
Contact InformationGarrett Kolb: Senior Managing Director [email protected]
Jamie Longe: Director of Correspondent Lending [email protected]
Robert Gonsalves: Director of Wholesale Lending [email protected]
Karen Ollis: East Region Director [email protected]
Chris Uldricks: West Region Director [email protected]
Alexandre Anu: West Region DirectorJessica Bjelland: West Region Director [email protected]
Shirley Langley: West Region Director [email protected]
Kris Tent: West Region Director [email protected]
Barbara McManus: West Region Director [email protected]
Kimberly Albaran: West Region DirectorLuke Shankula: West Region Director [email protected]
Submissions West Coast [email protected]
HECM Price Sheet
Principal Agent—Special
HECM Cap 10
Print Date 08/11/2015
Effective Date 08/11/2015
Effective Time 08:30 AM EDT
Rate Sheet ID PHY-2015-030
FIXED
HECM Annual Cap 5 Index: 1 Month Libor (10% Lifetime Cap)
Index: 1 Year Libor (2% Annual Cap/ 5% Lifetime)
Program Notes:
No lender credits on HECM for Purchase
Visit www.aagwholesale.com for licensing
details
Lifetime cap = % increase above initial rate
Cheryl Chargin (949) 748-5125 [email protected]
Margin 15 Day
4.000 117.750
3.500 117.25
3.375 116.500
3.250 115.750
3.125 115.000
3.000 114.250
2.875 113.500
2.750 112.750
2.625 112.000
2.500 111.250
2.375 110.625
2.250 109.875
2.125 109.125
2.000 108.375
Margin 15 Day
3.500 117.375
3.375 116.625
3.250 115.875
3.125 115.125
3.000 114.375
2.875 113.625
2.750 112.875
2.625 112.125
2.500 111.375
2.375 110.6875
2.250 110.000
2.125 109.3125
2.000 108.625
Rate Premium
5.300 113.000
5.150 112.125
5.060 111.625
4.990 111.250
4.750 109.875
4.500 108.500
4.250 106.500
Week of Aug 11th—Aug 17th
10 Year Swap Rate 1 Month LIBOR 1 Year LIBOR
Index Margin Rate Index Margin Rate Index Margin Rate
2.300 3.500 5.800 0.191 3.500 3.691 0.836 3.500 4.336
2.300 3.375 5.675 0.191 3.375 3.566 0.836 3.375 4.211
2.300 3.250 5.550 0.191 3.250 3.441 0.836 3.250 4.086
2.300 3.125 5.425 0.191 3.125 3.316 0.836 3.125 3.961
2.300 3.000 5.300 0.191 3.000 3.191 0.836 3.000 3.836
2.300 2.875 5.175 0.191 2.875 3.066 0.836 2.875 3.711
2.300 2.750 5.050 0.191 2.750 2.941 0.836 2.750 3.586
2.300 2.625 4.925 0.191 2.625 2.816 0.836 2.625 3.461
2.300 2.500 4.800 0.191 2.500 2.691 0.836 2.500 3.336
2.300 2.375 4.675 0.191 2.375 2.566 0.836 2.375 3.211
2.300 2.250 4.550 0.191 2.250 2.441 0.836 2.250 3.086
2.300 2.125 4.425 0.191 2.125 2.316 0.836 2.125 2.961
2.300 2.000 4.300 0.191 2.000 2.191 0.836 2.000 2.836
Liberty Home Equity Solutions, Inc.CLOSED LOAN PRICING: TUESDAY, AUGUST 11, 2015 THROUGH MONDAY, AUGUST 17, 2015
Margin Rate Type Price Initial Rate Expected Rate 25-50% (PLU) <25% (PLU)
2.000% LIBOR 8.565% 2.836% 4.300% 9.265% 9.815%
2.125% LIBOR 9.425% 2.961% 4.425% 10.125% 10.675%
2.250% LIBOR 10.190% 3.086% 4.550% 10.890% 11.440%
2.375% LIBOR 10.835% 3.211% 4.675% 11.535% 12.085%
2.500% LIBOR 11.562% 3.336% 4.800% 12.262% 12.812%
2.625% LIBOR 12.312% 3.461% 4.925% 13.012% 13.562%
2.750% LIBOR 13.062% 3.586% 5.050% 13.762% 14.312%
2.875% LIBOR 13.812% 3.711% 5.175% 14.512% 15.062%
3.000% LIBOR 14.577% 3.836% 5.300% 15.277% 15.827%
3.125% LIBOR 15.320% 3.961% 5.425% 16.020% 16.570%
3.250% LIBOR 16.062% 4.086% 5.550% 16.762% 17.312%
0.836%
2.300%
*Source: WSJ published first business day each week *The Utilization Pricing above will be applicable to any LIBOR
**Source: FRB Release H.15 (Weekly Rates) loans with Principal Limit Utilizations of 50% or below
**Principal Limit Utilization = Funded Amount / Principal Limit
Margin Rate Type Price Minimum Price Initial Rate Expected Rate 25-50% (PLU) <25% (PLU)
2.000% LIBOR 7.642% -$ 2.191% 4.300% 8.342% 8.892%
2.125% LIBOR 8.657% -$ 2.316% 4.425% 9.357% 9.907%
2.250% LIBOR 9.457% -$ 2.441% 4.550% 10.157% 10.707%
2.375% LIBOR 10.057% -$ 2.566% 4.675% 10.757% 11.307%
2.500% LIBOR 10.757% 200.00$ 2.691% 4.800% 11.457% 12.007%
2.625% LIBOR 11.507% 400.00$ 2.816% 4.925% 12.207% 12.757%
2.750% LIBOR 12.257% 600.00$ 2.941% 5.050% 12.957% 13.507%
2.875% LIBOR 13.207% 800.00$ 3.066% 5.175% 13.907% 14.457%
3.000% LIBOR 14.357% 1,000.00$ 3.191% 5.300% 15.057% 15.607%
3.125% LIBOR 14.507% 1,200.00$ 3.316% 5.425% 15.207% 15.757%
3.250% LIBOR 15.257% 1,300.00$ 3.441% 5.550% 15.957% 16.507%
3.375% LIBOR 15.375% 1,400.00$ 3.566% 5.675% 16.075% 16.625%
3.500% LIBOR 15.475% 1,500.00$ 3.691% 5.800% 16.175% 16.725%
0.191%
2.300%
*Source: WSJ published first business day each week *The Utilization Pricing above will be applicable to any LIBOR
**Source: FRB Release H.15 (Weekly Rates) loans with Principal Limit Utilizations of 50% or below**Principal Limit Utilization = Funded Amount / Principal Limit
Rate Product Price
4.250% 5.101%
4.500% 8.671%
4.750% 10.171%
4.990% 11.611%
5.060% 12.031%
5.180% 12.751%
5.310% 13.531%
5.560% 13.906%
LIBERTYT200 - 1
ANNUAL ADJUSTABLE RATE HECM PRODUCTS
FIXED RATE HECM PRODUCTS15 DAY LOCK EFFECTIVE FOR DOC DRAW REQUESTS RECEIVED AUGUST 11, 2015. FOR LOANS PURCHASED BY AUGUST 26, 2015.
Fixed
15 DAY LOCK EFFECTIVE FOR DOC DRAW REQUESTS RECEIVED AUGUST 11, 2015. FOR LOANS PURCHASED BY AUGUST 26, 2015.
Index Values
USD LIBOR 1M *
10 YEAR SWAP **
Low Utilization Pricing
Low Utilization Pricing
MONTHLY ADJUSTABLE RATE HECM PRODUCTS
USD LIBOR 1Y *
10 YEAR SWAP **
15 DAY LOCK EFFECTIVE FOR DOC DRAW REQUESTS RECEIVED AUGUST 11, 2015. FOR LOANS PURCHASED BY AUGUST 26, 2015.
Index Values
See Page 2 for Fixed, Monthly, and Annual Adjustable Rate HECM Products Adjustments & Disclosures
Rate Type
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Fixed
Notes
FIXED RATE HECM PRODUCTS
Total utilization is the UPB at close as a percentage of the principle limit.
Loss Payable Information for CLP Loan:
Full Correspondent Partners must provide loss payable and mortgagee
clauses for title, CPL, flood and hazard insurance
FHA case number should be included with loss payable information
on flood and hazard insurance
15 DAY LOCK EFFECTIVE FOR DOC DRAW REQUESTS RECEIVED AUGUST 11, 2015. FOR LOANS PURCHASED BY AUGUST 26, 2015.
FIXED RATE HECM PRODUCTS
-The calculation of the Correspondent Fee is based on the total Funded Amount, which does not include any tax, insurance or repair set asides.
LIBERTYT200 - 2
First 12 Month Disbursement Limit is equal to the greater of 60% of Principal Limit or Sum of mandatory obligations + 10% of Principal Limit
Initial MIP will be based on the first 12 month disbursement amount as a % of Principal Limit.
For Submissions and Collateral Review Requests:
Please Contact Your Designated Pipeline Manager
For Lock Request and Lock Extension issues:
General Information & Disclaimers
- The acceptance of above pricing does not constitute a commitment to lend. Pricing subject to change daily without notification.
- Liberty Home Equity Solutions, Inc. is an Equal Housing Opportunity lender. This information is not an advertisement as defined by Section 226.2(a)(2) of Regulation Z.
- This information is provided to Liberty Home Equity Solutions, Inc. Full Correspondent Partners only and is not to be copied or distributed to current or potential customers.
The above pricing is applied to the total funded amount to determine purchase price. A $75 tax certification fee will be charged on each loan.
Lock Request Forms Can Be Downloaded Via A Link In Today's Pricing Email
when Lock Request is submitted and remain locked for the requested Lock Period thereafter. Loans not Purchased within the Lock Period are subject to the lower
of market pricing or previously locked rate minus 2.5 bps for each day after lock expiration.
Manufactured Homes: Applications for manufactured homes are only accepted as borrower paid for fixed products (additional guidelines may apply)
1) Source: WSJ published on the first business day of each week
2) Source: FRB release h.15 (selected weekly interest rates)
Loans with Closing Dates greater than 30-Days before purchase will not be accepted
- For all Fixed Rate HECM loans purchased on or after June 13th, Liberty will pay par (100%) for loans if the total utilization is less than 60%.
- Initial MIP will be determined by disbursement amount as a % of principal limit
ANNUAL & MONTHLY ADJUSTABLE RATE HECM PRODUCTS
- Fixed rate loans will only be Purchased where a Single Lump Sum Disbursement option was taken.
- Lump Sum Disbursement limit is equal to the greater of 60% of Principal Limit or Sum of mandatory obligations + 10% of Principal Limit
- Loans with Closing dates greater than 30-Days before purchase will not be accepted
Published rates and pricing for fixed HECM products are for fully drawn loans.
when Lock Request is submitted and remain locked for the requested Lock Period thereafter. Loans not Purchased within the Lock Period are subject to the lower
Purchase Price is subject to change at any time prior to Seller’s submitting a Lock Request. The Purchase Price, and where applicable the terms of the loan are locked
of market pricing or previously locked rate minus 2.5 bps for each day after lock expiration.
15 DAY LOCK EFFECTIVE FOR DOC DRAW REQUESTS RECEIVED AUGUST 11, 2015. FOR LOANS PURCHASED BY AUGUST 26, 2015.
Purchase Price is subject to change at any time prior to Seller’s submitting a Lock Request. The Purchase Price, and where applicable the terms of the loan are locked
Applications for manufactured homes will be adjusted down by 200bps
0.013
Note 15 30 45 60 15 30 45 60Rate 8/26/15 9/10/15 9/25/15 10/10/15 Margin 8/26/15 9/10/15 9/25/15 10/10/15
4.500 109.500 109.000 108.500 107.500 2.000 109.125 108.625 108.125 107.1254.750 111.025 110.525 110.025 109.025 2.125 109.875 109.375 108.875 107.8754.990 112.500 112.000 111.500 110.500 2.250 110.625 110.125 109.625 108.6255.060 112.875 112.375 111.875 110.875 2.375 111.250 110.750 110.250 109.2505.180 113.625 113.125 112.625 111.625 2.500 112.000 111.500 111.000 110.0005.310 114.375 113.875 113.375 112.375 2.625 112.750 112.250 111.750 110.750
2.750 113.500 113.000 112.500 111.5002.875 114.250 113.750 113.250 112.250
AK, MT, MO, NV Not Allowed 3.000 115.000 114.500 114.000 113.000KY, UT No HECM Fixed Rate 3.125 115.750 115.250 114.750 113.750All 50 States No Leasehold HECM Fixed 3.250 116.500 116.000 115.500 114.500Manufactured Homes (0.250) 3.500 117.500 117.000 116.500 115.500
Manufactured Homes (0.250)Non Borrowing Spouse - ONLY APPLIES TO Pre 8/4 Case Numbers (2.000)
See Rate Lock Policy in Genesis 15 30 45 601st Extension 1 - 30 days (per day) (0.025) Margin 8/26/15 9/10/15 9/25/15 10/10/152nd Extension 1 - 30 days (per day) (0.035) 2.000 108.625 108.125 107.625 106.625
2.125 109.375 108.875 108.375 107.375Mortgagee Clause: FHA Sponsor ID: 2.250 110.250 109.750 109.250 108.250Live Well Financial, Inc., ISAOA 231-9800009 2.375 110.875 110.375 109.875 108.875PO Box 39457, Solon, OH 44139 2.500 111.625 111.125 110.625 109.625
2.625 112.375 111.875 111.375 110.3752.750 113.125 112.625 112.125 111.1252.875 113.875 113.375 112.875 111.8753.000 114.625 114.125 113.625 112.6253.125 115.375 114.875 114.375 113.3753.250 116.125 115.625 115.125 114.1253.500 117.125 116.625 116.125 115.125
This rate sheet is for industry use only and not intended for consumers or borrowers
FOR BULK MANDATORY TRADES >$1MM PLEASE EMAIL THE TRADE DESK AT [email protected] TO GET A PRICE QUOTE
Rate Lock Extensions
HECM Hybrid Annual LIBOR 5% Cap
HECM Monthly ARM LIBOR
HECM Fixed Lump Sum
ALL PRICES SUBJECT TO CHANGE WITHOUT NOTICE
Home Equity Conversion Mortgage (Reverse Mortgage)
8/11/15 9:46 AM
HECM - State Adjusters / Limitations
CLOSED LOAN SELLER
HECM LIBOR 1YR 3.250 4.086 5.550 115.625
1 Month LIBOR 0.191
General Notes and Comments
Reverse Mortgage Indexes
1 Year LIBOR
HECM LIBOR 1YR 3.000 3.836 5.300 114.250
HECM LIBOR 1YR 3.125 3.961 5.425 114.875
HECM LIBOR 1YR 2.750 3.586 5.050 112.875
HECM LIBOR 1YR 2.875 3.711 5.175 113.500
HECM LIBOR 1YR 2.500 3.336 4.800 111.375
HECM LIBOR 1YR 2.625 3.461 4.925 112.125
HECM LIBOR 1YR 2.250 3.086 4.550 109.875
HECM LIBOR 1YR 2.375 3.211 4.675 110.625
2.836 4.300 108.375
HECM LIBOR 1YR 2.125 2.961 4.425 109.125
The information contained in this rate sheet is for mortgage professionals only. This information is not intended for
distribution to consumers, as defined by §226.2 of Regulation Z, which implements the Truth-In-Lending Act. Information
is subject to change without notice. It is your responsibility to ensure your clients and or applicants understand the loan
programs offered.
1st Reverse Mortgage USA will do business with licensed Brokers/Loan Officers in the following states:
AL, AZ, AR, CA, CO, CT, DC, FL, HI, ID, IL, IN, IA, KS, LA, MD, MI, MN, MO, MT, NE, NV, NJ, NM, ND, OH, OK,
OR, PA, SC, SD, TN, TX, UT, VA, VT, WA, WI, WY
HECM Annual LIBOR (1YR)
Program Name Margin Initial Rate Expected Rate 15 Day Pricing
HECM LIBOR 1YR 2.000
Contact Information
Capital Markets: [email protected]
Underwriting: [email protected]
Purchase Desk: [email protected]
0.836
10 Year Swap 2.300
HECM LIBOR S10 3.125 3.316
HECM LIBOR PLU%* Adjustors
0.01 - 59.9% + 0.250
114.500HECM LIBOR S10 3.250 3.441 5.550 115.250
5.425
HECM LIBOR S10 2.875 3.066 5.175 113.125
HECM LIBOR S10 3.000 3.191 5.300 113.875
HECM LIBOR S10 2.625 2.816 4.925 111.750
HECM LIBOR S10 2.750 2.941 5.050 112.500
HECM LIBOR S10 2.375 2.566 4.675 110.250
HECM LIBOR S10 2.500 2.691 4.800 111.000
HECM LIBOR S10 2.125 2.316 4.425 108.750
HECM LIBOR S10 2.250 2.441 4.550 109.500
Program Name Margin Initial Rate Expected Rate 15 Day Pricing
HECM LIBOR S10 2.000 2.191 4.300 108.000
HECM Monthly LIBOR Standard 10 (S10)
HECM Fixed 5.180 112.625
HECM Fixed 5.310 113.375
HECM Fixed 4.990 111.625
HECM Fixed 5.060 112.000
HECM Fixed 4.750 110.125
HECM Fixed 4.875 110.875
HECM Fixed
Program Name Interest Rate 15 Day Pricing
HECM Fixed 4.625 109.375
Rate Sheet Number: 0802-1
Correspondent Select Member Rate Sheet
08/11/2015
Expiration Date:
15 Day 08/26/2015
60.0 - 79.9% Rate Sheet Price
80.0 - 100% - 0.300
All loans will be charged a $150 delivery fee at time of purchase.
All loans must be purchased on or before the lock expiration date.
Interest Rates and Premium Pricing are subject to change until the loan is locked with Capital Markets.
Manufactured Homes pricing adjustment - 150 bps
*PLU% - Principal Limit Utilization equals the Funding amount divided by the Principal Limit.
1st Reverse Mortgage USA
3609 S.Wadsworth Blvd #500
Lakewood, CO 80235
877-217-0166
Lock Requests are accepted until
4:00 PM Mountain Time
e-mail request to
Effective Date: Pricing is Subject to Change
Without Notice
NAR
1 International Blvd, Mahwah, NJ 07495 Phone 201‐529‐1401 Email [email protected]
Nationwide EQ Wholesale Rate SheetEffective Date: August 4, 2015
d
RateComp Plan Premium
Lender Origination Fee
Credit to Borrower
Servicing Fee
5.060 110.250 $0.00 $0.00 $0.004.990 110.250 $1,500.00 $0.00 $0.00
For Assistance
Help Desk Phone Contact: 201‐529‐1401 extension 315
Email: [email protected]
HECM Fixed
Margin Premium Lender Servicing HECM 1MLB 3.50 Monthly 3.500 114.650 N/A $0.00 Loan Locks are valid for 10 days from the locked date.
HECM 1MLB 3.25 Monthly 3.250 113.900 N/A $0.00 Lock Desk Hours: 11:00 AM – 4:00 PM EST
HECM 1MLB 3.125 Monthly 3.125 113.150 N/A $0.00 Any locks received after 4PM EST will receive following day pricing.
Important
HECM Monthly ARM LIBOR
HECM 1MLB 3.125 Monthly 3.125 113.150 N/A $0.00 Any locks received after 4PM EST will receive following day pricing.
HECM 1MLB 3.000 Monthly 3.000 112.550 N/A $0.00
HECM 1MLB 2.875 Monthly 2.875 111.800 N/A $0.00
HECM 1MLB 2.75 Monthly 2.750 111.050 N/A $0.00HECM 1MLB 2.625 Monthly 2.625 110.300 N/A $0.00HECM 1MLB 2.5 Monthly 2.500 109.550 N/A $0.00
Lock Box
Lock Date: FIXED RATE
Please Check One Box
y /
HECM 1MLB 2.375 Monthly 2.375 108.800 N/A $0.00Borrower Name: Adjustable(Monthly)
HECM 1MLB 2.25 Monthly 2.250 108.050 N/A $0.00
HECM 1MLB 2.125 Monthly 2.125 107.300 N/A $0.00HECM 1MLB 2.000 Monthly 2.000 106.550 N/A $0.00
Loan Number: Adjustable(Annual)y / $
Margin Premium Lender Servicing HECM 1YLB 3.50 Yearly 3.500 115.150 N/A $0.00HECM 1YLB 3.250 Yearly 3.250 114.400 N/A $0.00 Premium: Signature:
HECM One Year Fixed LIBOR
UPB: Company:
Rate/Margin: Locked By:
HECM 1YLB 3.000 Yearly 3.000 112.900 N/A $0.00
HECM 1YLB 2.875 Yearly 2.875 112.150 N/A $0.00
HECM 1YLB 2.75 Yearly 2.750 111.400 N/A $0.00HECM 1YLB 2.625 Yearly 2.625 110.650 N/A $0.00HECM 1YLB 2.5 Yearly 2.500 109.900 N/A $0.00
/ $ ' h $ $ d
*If lock expires before the loan is closed, the lock price will default to the lower of the original locked price or the price at the time the docs are drawn.
Risk‐Based Price Adjustment
HECM 1YLB 2.375 Yearly 2.375 109.150 N/A $0.00 UPB's Less than $50,000 $500 Admin FeeHECM 1YLB 2.25 Yearly 2.250 108.400 N/A $0.00 UPB's Less than $25,000 $1,000 Admin FeeHECM 1YLB 2.125 Yearly 2.125 107.650 N/A $0.00 Condos must meet DELRAP/HRAP guidelinesHECM 1YLB 2.000 Yearly 2.000 106.900 N/A $0.00
RATES SUBJECT TO CHANGE AT ANY TIME WITHOUT NOTICE ‐ INTERNAL USE ONLY
8/11/2015
Margin MONTHLY** ANNUAL**
2.000 107.000 107.250
HECM 60 Libor 2.125 2.125 108.250 108.150
2.250 109.000 108.900
2.375 109.500 109.550
HECM 60 Libor 2.50 2.500 110.500 110.300
HECM 60 Libor 2.625 2.625 110.900 111.025
HECM 60 Libor 2.75* 2.750 111.650 111.775
HECM 60 Libor 2.875 2.875 112.500 112.500
HECM 60 Libor 3.00 3.000 113.000 113.250
HECM 60 Libor 3.25 3.250 114.500 114.750UW - 24 hours, DOCS - 24/48 hours, FUND - 24/48 hours **open ended product LIBOR index - .174% *max proceeds 5% cap on ANNUAL ARMLOCKS ARE 10 DAYS, CTC and READY FOR DOCS Manufactured - 200 BPS/no flood zoneHTL Admin Fee of $495 on UPB < $50,000 Processing Fee $595 (ARM products)
Orig to HTL* RATE PRICE**
max HUD calc. 4.50% 111.125
$3,500 4.75% 111.125
$1,500 4.99% 111.125HECM 60 FIXED $0 5.06% 111.125 UW - 24 hours, DOCS - 24/48 hours, FUND - 24/48 hours **closed ended productALL LOCKS ARE 10 DAYS FOR CTC LOANS ONLY **% of UPBManufactured and Log homes not available for TPO on Fixed rate *paid by borrower
FOR QUESTIONS CALL:KIM BIXLER (CA, WA, OR, AZ, CO, UT, TX, FL ,NJ, PA916-521-3518, [email protected]
BRAD BYRNES (MARKETING DIRECTOR)
949-468-2648, [email protected]
HECM 60 Libor 2.00
HECM 60 Libor 2.25
HECM 60 Libor 2.375
ARM PROGRAMS*
HECM 60 FIXED
HECM 60 FIXED
8/21/2015
HECM 60 FIXED
HTL6115
FIXED PROGRAM**
