Retail - Agency & Sonyma Pricing EMIGRANT (Fixed Rate ...files.constantcontact.com/65b6fde4401/e6ce46c3-b2a...$543,000 $636,150 $424,100 $636,150 Max $ Amt $424,100 75% 75% Cash Out

Phone: 877-563-7115 Fax: 914-785-1102

E-mail: [email protected] Effective Date:

Prior Day Rate Change Indicated By: Agency Locks must be received by 5:00 PM EST

`

30 Year Fixed

RATE 60 Day APR RATE APR RATE APR RATE APR RATE APR

3.875% -1.750% 3.62% 4.625% 4.39% 4.000% 3.85% 4.750% 4.57% 4.000% 4.00%

3.750% -1.375% 3.55% 4.500% 4.33% 3.875% 3.77% 4.625% 4.49%

3.625% -1.000% 3.48% 4.375% 4.27% 3.750% 3.66% 4.500% 4.43%

3.500% -0.500% 3.43% 4.250% 4.19% 3.625% 3.59% 4.375% 4.33%

3.375% 0.000% 3.38% 4.125% 4.13% 3.500% 3.50% 4.250% 4.25%

Fico / LTV (Point Adjs - Applies to Purchases, R/T & C/O where the term is > 15 Yrs) C/O Refis (Point Adjustments )

>85% >70 - 75% >80%

0.250% 0.625% Not Avail

0.500% 1.000% Not Avail

1.000% 1.000% Not Avail

1.250% 1.125% Not Avail

2.250% 1.125% Not Avail

Not Avail 1.625% Not Avail


Subordinate Financing (Point Adjustments)

0.750%

Not Avail.

Not Avail.

Miscellaneous (Rate Adjustments)

High Balance, Purchases or Rate-Term Refis - Add'l .25% Point Adj

LMI Loans: Go to www.ffiec.gov to check for LMI eligibility.

LMI Loans will receive a .25% reduction in Rate. See Source Book for Details on Eligibility Requirements.

Notes:

High Balance Loans:

LTVs reflected on the Chart are Max LTVs. Lower LTVs

may apply based on Loan Size, Fico Score & MI Guidelines.

Geographic Restrictions: Fla Props are not eligible.

See Guide Book, for additional Restrictions.

Cash Out Refinances require 6 Mos Seasoning.

Standard & High Balance Loans:

Florida Properties: See SourceBook for Eligible Lending

Areas. Eligible Property Types: Single Family, Condos and

Townhouses. Max Loan Amount: $424,100.

Coops: NY ONLY, No Investment or Sub Financing.

Borrower w/5-10 Financed Props: Min Fico Score 720,

Max LTV/CLTV: 75% (Standard), 65% (High Balance).

Lock Periods & Expiration Dates: Notes:

1) All Extension Requests must be submitted,in writing to the Pricing Desk (via e-mail

or fax) PRIOR to Lock Expiration. Cost of the Extension will be calculated at that time.

PricingDesk: E-Mail: [email protected] Fax: 914-785-1102

2) If a Lock expires and an extension hasn't been requested, the loan will be relocked

for 15 days at "Worst Case" Pricing (Based on the original lock period).

1F, O/O

0.250% 0.250% Not Avail.

High Balance, Cash Out Refis - Add'l 1.250% Point Adjustment

0.500%

0.500%

1.000%

1.250%

1.500%

1.250%

1.750%

2.750%

3.000%

3.000%0.500%

2.250%

3.375%2.125%

2-4 Unit Props 1.000% 1.000%

0.250%

Not Avail 2.625%

3.125%

0.375%

0.375%

0.375%

0.375%

0.625%

0.625%

0.625%

0.625%

1.000%

1.000%

1.125%

1.125%

1.625%

1.625%

1.875%

Products, Pricing & Lock Periods

CLTV Range0.000% 0.750% 0.750%

Retail - Agency & Sonyma Pricing

(Fixed Rate Products)

620 - 639

700 - 719

680 - 699

Not Avail

2.750%

700 - 719

680 - 699

660 - 679

1.000% 1.000%

0.000%

0.000%

0.000%

0.000%

0.000%

0.500%

-1.000%

660 - 679

Note: This information is not intended for release to the public. See full Program Description with underwriting criteria before taking applications; all rates subject to change by EMC at any time.

Expiration

05/27/17

06/26/17

Lock Days

60 Days

90 Days 30 Days

3.000%

Fico ≥ 720

Standard Loan Limits

75%

$ Amount

4.125% 0.500% 0.250%

1.000%

High Balance Loan Limits

75% 4F, O/O $1,223,475

Adjs for Other Lock Periods (Call for Pricing On Lock Periods > 60 Days):

3F, O/O

15 Days

640 - 659

Condos (Term > 15 Ys) 0.000% 0.000%

15 Year Fixed - Standard 30 Year Fixed - Standard

80.01%-95%

640 - 659

New York Properties ONLY.

0.000%

-0.500%

>75 - 80%

-0.875%

720 - 739

-0.750%

0.500%

-.25% to Points 30 Days -.125% to Points

Expiration

04/12/17

120 Days

04/27/17

Lock Days

15 Days

Agency Lock Policy:

07/26/17

>75 - 80% >60 - 70% Fico

30 Yr Fixed Rate Product Only

≤ 60

0.500%

0.750%

2.750%

0.875%

1.125%

1.125%

1.750%

EMIGRANT

Mortgage Company

RATE SHEET #

60 Day

0.000%

120 Day Lock At Application.

-2.125%

-1.625%

58

Sonyma

Tuesday, March 28, 2017

FNMA / Freddie Standard & High Balance Pricing

Agency 30 Year Fixed - High

Balance

60 Day60 Day

Agency 15 Year Fixed - High Balance

60 Day

-2.750%

-2.000%


Contact the PricingDesk:

95% / 95%

$1,223,475

$814,500

-0.625%

Agency Point Adjustments

All Adjustments are cumulative & apply to all loans that meet the stated criteria.

720 - 739

Fico

≥ 740 ≥ 7400.250%

>60 - 70% >80 - 85%

0.250%

0.500%

≤ 60 >70 - 75%

0.000%

-1.250%

-0.750% -0.250%

0.000%

0.250%

0.250%

Coops, 2nds

2F, NOO

3F, NOO

4F, NOO

Coops & Condos, OO

3F, NOO

2F, NOO

$424,100 Not Available

Coops, OO

Coops, 2nds90% / 90%

$424,100 80%95% / 95%

4F, NOO

75% / 75%

$656,350

70%

$543,000

70%

75% / 75%

75% / 75%

70%

80%

80%

90% / 90%

70%

85% / 85%

75% / 75%

75% / 75%

90% / 90%

70%

70%

85% / 85%

75% / 75%

$815,650

$543,000

85% / 75%

$636,150

$424,100

75% / 75%

Not Available

$636,150

Max $ Amt

$424,100 75%

80%

75%

2.125%

Cash Out

$424,100

Please see the Guide Book for Geographic Restrictions and Complete Program Guidelines.

90% / 90%

4F, O/O $815,650 75% / 75%

Property Type

75% / 75%

Borrower w/5-10 Fin Props

All Investment

1.000%1.000%

2.125%

$656,350

Agency Guidelines

1F, 2nd Homes

2F, O/O

$984,525

75%

Purch / R-T

85% / 75%

95% / 95%

2F, O/O

Prop Type

$636,150

3F, O/O

1F, NOO

75%

Cash Out

1F, 2nd Hmes $636,150

$814,500

1F, O/O

75%$984,525

$636,150

75%

75%

95% / 95%

1.250%

≤ 65%

620 - 639

1.000%

LTV Range

65.01%-75%

75%

High Balance $Amounts (In Addition to Standard Pricing Adjs.)

>75%-95%

0.500%

0.750%75.01%-95%

Purch / R-T

75% / 75%

Fico < 720

0.750%

80.01%-95%

Miscellaneous (Point Adjustments)

1.500%

Not Avail. Not Avail.

1F, NOO

Phone: 877-563-7115 Fax: 914-785-1102

E-mail: [email protected] Effective Date:

Prior Day Rate Change Indicated By: Agency Locks must be received by 5:00 PM.

1.800%

RATE 60 Day APR RATE APR RATE APR

3.125% -0.500% 3.65% 3.250% 3.62% 3.750% 3.80%

3.000% -0.250% 3.63% 3.125% 3.57% 3.625% 3.75%

2.875% 0.000% 3.61% 3.000% 3.54% 3.500% 3.69%

1.800%

RATE 60 Day APR RATE APR RATE APR

4.500% -0.500% 4.14% 4.625% 4.30% 4.875% 4.49%

4.375% -0.250% 4.12% 4.500% 4.24% 4.750% 4.44%

4.250% 0.000% 4.09% 4.375% 4.18% 4.625% 4.39%

Fico / LTV (Point Adjs - Applies to Purchases, R/T & C/O where the term is > 15 Yrs) C/O Refis (Point Adjustments )

>85% >70 - 75% >80%

0.250% 0.625% Not Avail

0.500% 1.000% Not Avail

1.000% 1.000% Not Avail

1.250% 1.125% Not Avail

2.250% 1.125% Not Avail



Miscellaneous (Rate Adjustments)

0.750% 0.250% Not Avail

Not Avail.

Not Avail. Subordinate Financing (Point Adjustments)

High Balance / Super Conforming:

Not Avail

1.750%

Lock Periods & Expiration Dates: Notes:

1) All Extension Requests must be submitted,in writing to the Pricing Desk

via e-mail or fax) PRIOR to Lock Expiration. Cost of the Extension will be

calculated at that time. Contact the Pricing Desk via e-mail or Phone:

PricingDesk @emigrant.com or 1-877-563-7115.

2) If a Lock expires and an extension hasn't been requested, the loan will

be relocked for 15 days at "Worst Case" Pricing (Based on the original lock).

LTV

0.500%

1.000% 1.750% 1.750%

65.01%-75%Not Avail

1.000%

Not Avail

1.000%

1.000%

680 - 699

700 - 719

1.250%

0.500%

Cash Out 1.000% Not Avail Not Avail

1.000%2-4 Unit Props 1.000% 1.000%

0.000%

0.000%

0.000%

680 - 699

0.000%

2.125%

0.000%

2.125%

Miscellaneous (Point Adjustments)

Not Avail

3.000%

3.000%0.500%

0.500% 3.000%

2.125%

1.250%

1.500%

≥ 740 ≥ 740

1.500%

2.750%

≤ 60

0.000%

0.000%

3.125%1.625%

1.750%

2.750%

0.625%

660 - 679

620 - 639 Not Avail 620 - 639

>75 - 80%

Condos (Term > 15 Ys) 0.000%

All Investment

640 - 659

Not Avail

0.750%

Not Avail

75.01%-95%

CLTV Range

80.01%-95%

Fico < 720

80.01%-95%

75.01%-95%

0.500%

0.750%

1.000%

Fico ≥ 720

0.250%

0.500%

0.750%

Borrowers with

>4 Finaced

Props.

1.000%

0.750% 0.250% 0.250% Not Avail

LTV Range

≤ 65%


0.625% 640 - 659

0.375%

0.375%

0.625%

1.750%

1.875%

2.625%

1.125%

1.125%

1.625%

>75 - 80%


All Adjustments are cumulative & apply to all loans that meet the stated criteria.

>60 - 70%

2.250%

2.750%

1.000%

660 - 679

7/1 & 10/1 5/2/5% 2.25%

Freddie ARM Parameters

Margin

Retail - Agency Pricing (ARM Products)

Freddie Libor ARMS

Product

Contact the PricingDesk:

-0.375%

EMIGRANT

Mortgage Company

RATE SHEET # 58

60 Day

10/1 Libor ARM

-0.250%

Qualifying Rate

5/1 ARM 2/2/5% 2.25%-0.625%


Lock Days Expiration

30 Days

Lock Days

60 Days 05/27/17

90 Days 06/26/17

120 Days 07/26/17

Adjs for Other Lock Periods (Call for Pricing On Lock Periods > 60 Days):

15 Days -.25% to Points 30 Days -.125% to Points

04/27/17

Expiration

15 Days 04/12/17

Index: 1 Year Libor:

5/1 ARM

Product Caps

2/2/5%

10/1 Libor ARM FNMA ARM Parameters

60 Day

-0.750%

5/1 Libor ARM 7/1 Libor ARM

0.000%

FNMA Libor ARMs

Caps60 Day

-0.250%

Higher of Start Rate plus

2% OR Fully Indexed

Rate

Higher of Start Rate plus

2% OR Fully Indexed

Rate

Qualifying Rate

0.000%

7/1 Libor ARM

Eligible Prop Types: 1-4 Family & Condos. Coops Not Eligible.

0.375%

5/1 Libor ARM

60 Day

-0.250%

0.000%

700 - 719

Index: 1 Year Libor:

Eligible Prop Types: 1-4 Family , Condos, & Coops

720 - 739

1.000%

2.25%

Margin

0.250%

0.500% 1.000%

≤ 60

0.375%

>80 - 85%

0.625%

1.000%

Fico

LMI Eligibility: .25% Reduction in Rate (All LTVs). See Guide Book for Eligiblity Reqs and Addl Mortgage Incentives.

2.25%

1.125%

>60 - 70%

0.250%

0.375%

-0.375%

0.500%

7/1 & 10/1 5/2/5%

0.875%

1.125%

720 - 7390.750%

1.250%

Agency Pricing Adjustments

Note Rate

0.500%

1.000%

0.250%

Fico>70 - 75%

0.250%

0.000%

Contact the PricingDesk: 877-563-7115 / [email protected] RATE SHEET # 58

Submit Applications Online: www.emigrantmortgage.com Effective Date:

ARM Parameters Index - 1 YR T-Bill: 1.00%

Primary Residences & 2nd Homes - Floor (All Products) = the Start Rate.

Product Caps Margin

RATE 60 Day APR RATE 60 Day APR RATE 60 Day APR 2/1 ARM 2 / 5 2.75% 5% above Start Rate

4.375% -0.250% 4.35% 5.125% -0.375% 5.09% 6.375% -0.375% 6.34% 5/1 ARM 2 / 6 2.75% 2% above Start Rate

4.250% 0.000% 4.25% 5.000% 0.000% 5.00% 6.250% 0.000% 6.25% 7/1 ARM 5 / 2 / 5 2.75%

4.125% 0.375% 4.16% 4.875% 0.500% 4.92% 6.125% 0.500% 6.17% Investment - Floor (All Products) = the Start Rate.

4.000% 0.750% 4.06% 4.750% 1.000% 4.84% 6.000% 1.000% 6.09% Product Caps Margin

3.875% 1.125% 3.97% 4.625% 1.500% 4.76% 5.875% 1.500% 6.02% 2/1 ARM 2 / 5 2.75%

3.750% 1.500% 3.87% 4.500% 2.000% 4.67% 5.750% 2.000% 5.94% 5/1 ARM 5 / 2 / 5 2.75%

7/1 ARM 5 / 2 / 5 2.75%

Description Description

Loan Amounts > $3mm - $5mm All Refinances (Cash Out & Rate Term).

Loan Amounts > $5mm C/O Refis with C/O Amounts >$200k

Investment Properties Insufficient Credit / Non Perm Res Alien (w/Credit)

Second Homes US Citizens / Permanent Resident Aliens (No Credit)

Foreign National / Non Perm Res Alien (No or Insuff Credit)

Investment Properties Foreign Income (US Citizens /PRA)

Investment Properties (1-4 F, Condos) Income generated Outside United States

Investment Coops

Credit Related Foreign National/NPRA (2nd Homes)

Insufficient Credit Foreign National / NPRA (No / Insufficient Credit)

No Credit Foreign National / NPRA (With US Credit)

>3 <7yrs Foreign National/NPRA (Investment Props)

+.375 Foreign National / NPRA (No / Insufficient Credit)

Miscellaneous Foreign National / NPRA (With US Credit)

Corp Title or Partnership

LMI Loans: Go to www.ffiec.gov to check for LMI eligibility. Lock Period Adjs:

LMI Loans will receive a .25% reduction in Rate. The following transactons 15 Days : -.25% to Points 30 Days: -.125% to Points 90 Days: +.125% to Rate

are not eligible for LMI: $ Amts >$750k, Cash Flow & Bridge Loans.

Notes:

Investment Properties - Addl Pricing Applies - See Above. A Prepayment Penalty will be required on All Investment Properties, where Permitted.

Florida Properties - Minimum Loan Amount: $424,101. Eligible Property Types: Single Family, Condos & Townhouses. See Source Book for Additional Guidelines

Higher of Start or Fully Indexed Rate.

The Qualifying Rate for Portfolio,

Investment ARM Products is the

Higher of the Start Rate of the Fully

Indexed Rate

Rate Adjustments, Max LTVs & LTV Reductions

2.125% No Pricing Adj -0.250%

Rate Adj

0.750%

0.375%

Fico Scores

$Amount Range

≤ $625,500

Rate Adjustments (Based on Fico Score & Loan Amount):

> 700

Fico Scores

Maximum LTVS

10%

LTV Reduction

Qualifying Rate

45%

681 - 700661 - 680

+0.625

Rate/Margin

+1.000

10%

5%

5%

0.125% No Pricing Adj

Rate/Margin

Retail - Portfolio Full Doc PricingEMIGRANT MORTGAGE COMPANY

FULL DOC PRICING - Primary, 2nd Homes & Investment

03/28/17

Products & Pricing

5/1 Treasury ARM

Maximum LTVs (Applies to Purchase, Primary Residence Transactions with Loan Amts ≤ $3,000,000. Refert to LTV Adjustment Chart Below for addl reductions.)

575 - 600

Additional Product & Pricing Requirements

LTV Reduction

20%

10%

20%

2/1 Treasury ARM

681 - 700

Rate Adj

15%


Rate Adj

No Pricing Adj

-0.250%0.250%

-0.125%1.125%

1.000%

No Pricing Adj

LTV Adjustments (Adjustments are cumulative and must be deducted from Max LTVs listed above. LTV Floor is 50% on all Transactions, with the following

exceptions: 1) The floor for loans with a Fico Socre of ≤ 600 is 45%. 2) The Floor for the Cash Flow Program is 45%.

$625,501 - $1,500,000

>$1,500,000

> 700

Primary Residences, Second Homes & Investment Properties

7/1 Treasury ARM

Not Available

50% 60% 65% 70% 75%

5%

Qualifying Rate

+0.250

1 in addition to Investment Property Adjustments.+0.375

Foreign National/Non Permanent Resident Alien

Rate/Margin

+0.250 +1.000

+0.375 +0.625

Rate/Margin1

+0.625

+1.500

Rate/Margin

Bankruptcy / FC (Years Post Discharge) >1 <=3yrs

+.875

575 - 600 621 - 660

Rate Adj Rate Adj

601 - 620

Rate Adj

661 - 680

621 - 660601 - 620

Not Available

2.250%

0.375%

http://www.emigrantmortgage.com/

Contact the Pricing Desk: RATE SHEET #

Submit Applications Online: Effective Date: 03/28/17

Current Turnaround Time for Regis/Lock Confirmations: 24 Hours

FHLMC Libor ARMs

Property Type Max $ Amt Purch / R-T Cash Out Prop Type $ Amount Purch / R-T Cash Out

1 Unit, Primary $424,100 95% / 95% 80% 1 Unit, Primary $636,150 90% / 90% 75%

1 Unit, 2nd Homes $424,100 85% / 85% 75% 1 Unit, 2nd Homes $636,150 80% / 80% 65%



4 Unit, Primary $815,650 80% / 80% 75% 4 Unit, Primary $1,223,475 75% / 75% 65%

1 Unit, Investment $424,100 85% / 75% 75% 1 Unit, Investment $636,150 80% / 75% 65%



4 Unit, Investment $815,650 75% / 75% 70% 4 Unit, Investment $1,223,475 70% / 70% 65%

General Notes:

COOPS are not eligible.

Florida Properties: Eligible Lending Areas: Miami-Dade, Broward, Palm Beach Counties. Eigible Prop Types: Single Family, Condos, & Townhouses. Max Loan Amt is $417,000.

Borrowers with Multiple Financed Props: >1 Invest Prop: 5/1 ARM is Not Available. >4 Financed Props: Minimum Fico of 720 Required. Max LTV/CLTV is 75%.

Super Conforming Loan Amounts: Florida Properties are not eligible. Additional Geographic Restrictins Apply to Max Loan Amounts. See Source Book for details.

Fico Score: Minimum Fico Score is 620.

FNMA Libor ARMs

Property Type Max $ Amt Purch / R-T Cash Out Prop Type $ Amount Purch / R-T Cash Out


1 Unit, 2nd Homes $424,100 80% / 80% 65% 1 Unit, 2nd Homes $636,150 80% / 80% 65%



4 Unit, Primary $815,650 65% / 65% 65% 4 Unit, Primary $1,223,475 65% / 65% 65%




4 Unit, Investment $815,650 65% / 65% 60% 4 Unit, Investment $1,223,475 65% / 65% 60%

Coops, Primary $424,100 90% / 90% 75% Coops, Primary $636,150 90% / 90% 75%

Coops, 2nds $424,100 80% / 80% Not Available Coops, 2nds $636,150 80% / 80% Not Available

General Notes:

COOPS: Eligible in NY only. No Investment Props or Suboordinate Financing Allowed.

Florida Properties: Eligible Lending Areas: Miami-Dade, Broward, Palm Beach Counties. Eigible Prop Types: Single Family, Condos, & Townhouses. Max Loan Amt is $424,100.

Borrowers with Multiple Financed Props: >1 Invest Prop: 5/1 ARM is Not Available. >4 Financed Props: Minimum Fico of 720 Required. Max LTV/CLTV is 75%.

High Balance Loan Amounts: Florida Properties are not eligible. Additional Geographic Restrictins Apply to Max Loan Amounts. See Source Book for details.

Fico Score: Minimum Fico Score is 620.

Notes:

Standard Max LTV / CLTV: There is no Maximum LTV or CLTV under the FNMA Refi Plus Program

$424,100 or the FHLMC Relief Refinance (Same Servicer). The Max LTV for the FHLMC Relief

$424,100 Refinance (Open Access) Program is 80% (no maximum CLTV).

$543,000 Coops: FNMA Only, NY Props Only.

$656,350 Minimum Fico: No Minimum Fico requirement under the Refi Plus / Relief Refi Programs.

$815,650 Florida Properties : Max Loan Amount is $424,100. Single Family, Condos and

1 Geographic Restrictions apply to the High Balance Loan Amounts. Refer to the Townhouses Only. Eligble Counties: See Source Book for Eligible Lending Areas.

Source Book for Complete Program Details.


Maximum Loan Amounts

Refi Plus / Relief Refi Guidelines

Eligible Property TypesHigh Balance / Super

Conforming1

1 Family $636,150

4 Family $1,223,475

Condos / Coops (Fnma ONLY) $636,150

2 Family $814,500

3 Family $984,525

Standard Loan Amounts High Balance Loan Amounts

Rate/Term, Limited Cash Out Only of existing FNMA/FHLMC Loans

Standard Loan Amounts Super Conforming Loan Amounts

Agency Locks must be received by 5:00 PM EST.

Please see the Guide Book for complete Program Descriptions.

58

Tuesday

EMIGRANT

Mortgage CompanyRetail - FNMA/FHLMC ARM Guidelines

Contact the PricingDesk: 877-563-7115 / [email protected] RATE SHEET # 58

Submit Applications Online: www.emigrantmortgage.com Effective Date:

ARM Parameters Index - 1 YR T-Bill: 1.00%

Primary Residences & 2nd Homes - Floor (All Products) = the Start Rate.

Product Caps Margin

RATE 60 Day APR RATE 60 Day APR RATE 60 Day APR 2/1 ARM 2 / 5 2.75% 5% above Start Rate

4.375% -0.250% 4.35% 5.125% -0.375% 5.09% 6.375% -0.375% 6.34% 5/1 ARM 2 / 6 2.75% 2% above Start Rate

4.250% 0.000% 4.25% 5.000% 0.000% 5.00% 6.250% 0.000% 6.25% 7/1 ARM 5 / 2 / 5 2.75%

4.125% 0.375% 4.16% 4.875% 0.500% 4.92% 6.125% 0.500% 6.17% Investment - Floor (All Products) = the Start Rate.

4.000% 0.750% 4.06% 4.750% 1.000% 4.84% 6.000% 1.000% 6.09% Product Caps Margin

3.875% 1.125% 3.97% 4.625% 1.500% 4.76% 5.875% 1.500% 6.02% 2/1 ARM 2 / 5 2.75%

3.750% 1.500% 3.87% 4.500% 2.000% 4.67% 5.750% 2.000% 5.94% 5/1 ARM 5 / 2 / 5 2.75%

7/1 ARM 5 / 2 / 5 2.75%

Loan Amt>> 0-$1mm >$500k

2nd Home 55% 40%

Investment 50% 40%

Investment Properties Foreign National/NPRA (2nd Homes)

Investment Properties (1-4 F, Condos) Foreign National / NPRA (No / Insufficient Credit)

Miscellaneous Foreign National / NPRA (With US Credit)

Corp Title, LLC or Partnership Foreign National/NPRA (Investment Props)

Cash Out Adjustment** Foreign National / NPRA (No / Insufficient Credit)

>$100k - $500k Cash Out Foreign National / NPRA (With US Credit)

>$500k Cash Out Lock Period Adjs:

15 Days : -.25% to Points 30 Days: -.125% to Points 90 Days: +.125% to Rate

Notes:

Investment Properties - Addl Pricing Applies - See Above. A Prepayment Penalty will be required on All Investment Properties, where Permitted.

Florida Properties - Eligible Property Types: Single Family, Condos & Townhouses. See Source Book For Additional Guidelines.

>$3mm - $5mm

45%

Purchase Transactions

45%

Products & Pricing

5/1 Treasury ARM

Additional Product & Pricing Requirements

Pricing Adjustments are cumulative and apply to all Transactions which meet the stated critera.

50%

Investment

2/1 Treasury ARM

45%

45%

45%

$0-$100k

Second Homes & Investment Properties

7/1 Treasury ARM

>$1mm-$3mm >$100k-$500k

Retail - Foreign National (Florida Properties)

50%

EMIGRANT MORTGAGE COMPANY

Refinance Transactions

Qualifying Rate

Higher of Start or Fully Indexed Rate.

Qualifying Rate

The Qualifying Rate for Portfolio,

Investment ARM Products is the

Higher of the Start Rate of the Fully

Indexed Rate

Maximum LTVs

>$5mm

Case - By - Case

Cash Out Amount>>

2nd Home

45%

03/28/17


+1.000

+0.625

+1.000

** See Cash Out Pricing Adjustments Listed Below.

+0.625

Rate/Margin

Rate/Margin

+0.625

+0.250 +0.250

+0.375

Rate/Margin

http://www.emigrantmortgage.com/

Documents

Retail - Agency & Sonyma Pricing EMIGRANT (Fixed Rate ...files.constantcontact.com/65b6fde4401/e6ce46c3-b2a...$543,000 $636,150 $424,100 $636,150 Max $ Amt $424,100 75% 75% Cash Out