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Tuesday, October 14, 2014
Effective 9:00 a.m. MDT
Western States - Wholesale Rate Sheet
9815 S. 240 W. (Monroe Street), Ste. 203, Sandy, UT 84070
Office Phone: (801) 262-6033 or 1-888-891-5440
IMPORTANT ANNOUNCEMENTS
All 30 & 45 day locks must submit loan files within 7 days of lock date to remain valid/active.
ACCOUNT EXECUTIVES
Geri Linnebach
YOUR OPERATIONS TEAM
(801) 414-8823
geril@snmc.com
(801) 864-2240
justin.pater@snmc.com
(801) 699-7050
heidi.west@snmc.com
Justin Pater
Heidi West
LOCK SUBMISSION DEADLINE
LOCK DESK
All Locks must be submitted by 4:00 pm MST to lock in today's
pricing.
You can lock online by logging in at
www.snmcwholesale.com
If you have pricing questions you can call
your Account Executive.
LOCK EXPIRATION DATES
15 day lock1 expires on:
30 day lock2 expires on:
45 day lock2 expires on:
1
(801) 262-6033 or 1-888-891-5440
Joel Harward
Branch Manager
Marilyn McCormack
Setup Coordinator
Don Reid
Underwriter
Terry Parra
Underwriter
Mimi Setterberg
Underwriter
Norah Tafa
Closer/Funder
Cami Baker
Closer/Funder
Maryanna Mackay
Coordinator
Jenna Dobson
Broker Coordinator
Allyson Nugent
Broker Coordinator
October 28, 2014
November 12, 2014
November 27, 2014
15 Day Locks must have all prior-to-doc conditions signed off.
2
30 & 45 Day Locks must submit loan files with 7 days of lock date to
remain valid.
LOCK EXTENSIONS
5 day lock extensions cost:
10 day lock extensions cost:
15 day lock extensions cost:
Only 1 Paid Extension Per Lock is Allowed
15 day locks can only be extended for 5 days
0.125
0.25
0.375
LOAN SUBMISSION
CLOSING INSTRUCTIONS
Please upload your Fannie 3.2 loan file to your pipeline
on our website at:
www.snmcwholesale.com
Please schedule all loan closings with your coordinator
within 24 hours of closing. The Closing Fee Sheet can be found
on our website at:
All conditions can also be uploaded on our website
through your pipeline.
Please contact your Account Executive for training/questions.
www.snmcwholesale.com
AGENCY LOAN LIMITS
One unit property:
Two unit property:
Three unit property:
Four unit property:
$417,000
$533,850
$645,300
$801,950
FHA/VA ID NUMBERS
FEES
Administration (Conventional)
Administration (Government)
$950
$950
Document Redraw Fee
Appraisal Review Fee
Appraisal Field Review
$150
$125
$250
MORTGAGEE CLAUSE
FHA - 7635500253
VA - 3151210000
SecurityNational Mortgage Company, a Utah Corporation
ISAOA
5300 South 360 West, Ste. 150
Murray, UT 84123
WEBSITE
MARKET INDICATIONS
www.snmcwholesale.com
1 Year LIBOR Index:
1 Year Treasury Index:
0.55255
0.11
APPRAISALS
SNMC Appraisal Department:
snmcappraisals@securitynational.com
1-877-783-5253
Market Minute by Lyle Rasmussen
Fears of a global economic slowdown are causing havoc in stock markets. In the U.S., stocks succumbed to more downward pressure on
Columbus Day. Funds shifting out of equities are being parked in the safe haven of bonds, helping bond and mortgage yields to plumb
lower levels. No relevant reports were released this morning, but tomorrow will be a particularly busy day for economic reports, including
updates on retail sales, inflation, and the Fed's Beige Book. October is solidifying its reputation as a spooky month for stock investors. It
will be interesting to see market reaction to some substantive reports tomorrow, since there has been considerable movement the past
week or so based on relatively sparse U.S. economic data.
This Rate Sheet is intended for Mortgage Professional use only and should not be distributed or shown to consumers or third parties.
Tuesday, October 14, 2014
Effective 9:00 a.m. MDT
Page 1 of 4
All prices are subject to change without notice
Western States - Wholesale Rate Sheet
.
Pricing is valid for properties located in the state of Utah Only . To price properties in other states please use our online pricing engine.
Preferred FHA/VA Products
F-F30
STATE ADJUSTORS
Preferred FHA/VA - 30 Yr
Note Rate
15 day
30 day
45 day
4.750
(6.000)
(5.750)
(5.375)
4.625
(5.500)
(5.250)
(4.875)
4.500
(5.250)
(5.000)
(4.625)
F-F15
Preferred FHA/VA - 15 Yr
Pricing is valid for properties located in the state of Utah Only .
To price properties in other states please use online pricing engine.
Note Rate
15 day
30 day
45 day
4.125
(4.500)
(4.250)
(3.875)
4.000
(4.250)
(4.000)
(3.625)
PREFERRED FHA/VA/USDA PRICE ADJUSTMENTS
3.875
(3.875)
(3.625)
(3.250)
(3.375)
4.375
(4.875)
(4.625)
(4.250)
3.750
(4.000)
(3.750)
4.250
(4.500)
(4.250)
(3.875)
Credit Score >= 720
(0.250)
3.625
(3.625)
(3.375)
(3.000)
4.125
(3.875)
(3.625)
(3.250)
Credit Score 640-679
0.500
3.500
(3.250)
(3.000)
(2.625)
1.500
See separate section below for loan size adjusments
4.000
(3.500)
(3.250)
(2.875)
Credit Score 620-639 (VA only)
3.875
(3.000)
(2.750)
(2.375)
3.750
(2.500)
(2.250)
(1.875)
3.625
2.000
2.250
2.625
Credit Score 620-639 (FHA Only) - Not Allowed under the "Preferred
Products". Please price using the FHA Standard base pricing and
adjustments.
3.500
2.250
2.500
2.875
VA Adjustment (automatically deducted from base pricing online)
Minimum Credit Score 640
3.375
(2.875)
(2.625)
(2.250)
3.250
(2.375)
(2.125)
(1.750)
3.125
2.625
2.875
3.250
3.000
3.000
3.250
3.625
Minimum Credit Score 640
0.250
FHA Streamlines - Not Allowed under "Preferred" programs. Please price
using the "Standard" programs below.
Preferred High Bal.- 30 Yr
25 Year Amortization (priced the same as 30 Yr)
Note Rate
15 day
30 day
45 day
20 Year pricing is available within our online pricing engine
4.750
(4.875)
(4.625)
(4.250)
4.375
(4.500)
(4.250)
(3.875)
4.250
(4.125)
(3.875)
(3.500)
F-F30J9
Preferred USDA - 30 Yr
RH-30
4.625
(4.375)
(4.125)
(3.750)
Borrowers with no credit scores can be priced using an occupant
co-borrower's credit scores.
4.500
(4.125)
(3.875)
(3.500)
All VA IRRLs using the "preferred" pricing must have appraisals.
Note Rate
15 day
30 day
45 day
4.500
(4.875)
(4.625)
(4.250)
4.375
(3.625)
(3.375)
(3.000)
4.125
(3.375)
(3.125)
(2.750)
4.250
4.125
(3.125)
(2.500)
(2.875)
(2.250)
(2.500)
(1.875)
4.000
3.875
(3.000)
(2.500)
(2.750)
(2.250)
(2.375)
(1.875)
4.000
(2.125)
(1.875)
(1.500)
(1.375)
3.875
(1.500)
(1.250)
(0.875)
3.750
(1.000)
(0.750)
(0.375)
3.625
3.500
3.750
4.125
3.500
3.750
4.000
4.375
Utah Housing
Please contact your Account Executive to find
out if you are approved to do Utah Housing
Loans and for locking procedures.
3.750
(2.000)
(1.750)
3.625
2.500
2.750
3.125
3.500
2.750
3.000
3.375
3.375
3.500
3.750
4.125
3.250
4.125
4.375
4.750
Minimum Credit Score 640
Minimum Credit Score 640
Loan Size Adjustments
LOAN AMOUNT ADJUSTMENTS WILL NOT APPEAR ON LOCK CONFIRMATIONS. When locking "preferred" loan programs, our online pricing engine will automatically subtract the
loan amount adjustments from the base pricing, and they WILL NOT show up in the adjustment section on the lock confirmation.
LOAN AMOUNT ADJUSTMENTS BELOW ARE ESTIMATES ONLY. Loan Size adjustments under the "preferred" loan programs change based on loan size, loan term, and state. The
loan size adjustments listed below are estimates only. For the most accurate pricing please use our online pricing engine.
Loan Amounts $ 50,000 - $ 99,999 (this adjustment is an estimate only see above for further explanation)
0.500
Loan Amounts $ 100,000 - $139,999 (this adjustment is an estimate only see above for further explanation)
0.125
Standard FHA/VA Products
F-F30-13
STATE ADJUSTORS
Standard FHA/VA - 30 Yr
Note Rate
15 day
30 day
45 day
5.000
(5.125)
(4.875)
(4.500)
4.875
(5.125)
(4.875)
(4.500)
4.750
(5.125)
(4.875)
(4.500)
4.625
(4.375)
(4.125)
(3.750)
Loan Amount $50,000 to $75,000
1.500
4.500
(4.375)
(4.125)
(3.750)
Loan Amount $75,001 to $100,000
0.750
4.375
(4.250)
(4.000)
(3.625)
Credit Score >= 740
(0.375)
4.250
(4.000)
(3.750)
(3.375)
Credit Score 700-739
(0.250)
4.125
(3.250)
(3.000)
(2.625)
Credit Score 680-699
0.000
4.000
(2.875)
(2.625)
(2.250)
Credit Score 660-679
0.375
Pricing is valid for properties located in the state of Utah Only .
To price properties in other states please use online pricing engine.
STANDARD FHA/VA PRODUCTS PRICE ADJUSTMENTS
3.875
(2.375)
(2.125)
(1.750)
Credit Score 640-659
0.625
3.750
(1.875)
(1.625)
(1.250)
Credit Score 620-639 (Streamlines not allowed)
1.250
FHA Streamlines(see notes below for WF to WF streamlines)
0.000
VA Adjustment
0.250
Investment Property (Streamlines only)
0.500
25 Year Amortization (priced the same as 30 Yr)
NOTES
WF to WF FHA Streamline pricing is available in our online pricing engine.
Please note that "Wells Fargo" must be selected under the current servicer
field.
Borrowers with no credit scores can be priced using an occupant
co-borrower's credit scores.
Back to Work program available under "standard" programs.
VA 30 YR IRRL - NO APPRAISAL (Any Servicer)
V-F30RS-13
STATE ADJUSTORS
VA 30 Yr - LTV <= 100%
Note Rate
15 day
30 day
45 day
4.750
(3.375)
(3.125)
(2.750)
V-F30RSP-13
Pricing is valid for properties located in the state of Utah Only .
To price properties in other states please use online pricing engine.
SPECIAL NOTES
4.625
(3.375)
(3.125)
(2.750)
4.500
(3.375)
(3.125)
(2.750)
Loans with LTV less than or equal to 100% use the V-F30RS-13.
VA 30 Yr - LTV > 100%
Note Rate
15 day
30 day
45 day
5.125
(2.375)
(2.125)
(1.750)
5.000
(2.375)
(2.125)
(1.750)
4.875
(2.375)
(2.125)
(1.750)
4.375
(3.375)
(3.125)
(2.750)
Loans with LTV greater than 100 % use the V-F30RSP-13.
4.750
(2.125)
(1.875)
(1.500)
4.250
(3.375)
(3.125)
(2.750)
Minimum Credit Score is 640 on all IRRL's w/ no appraisal.
4.625
(1.000)
(0.750)
(0.375)
4.125
(2.500)
(2.250)
(1.875)
Max Loan Amt is $417,000 (including funding fee).
4.500
(1.000)
(0.750)
(0.375)
4.000
(2.125)
(1.875)
(1.500)
Max LTV/CLTV is 130.00%
4.375
(0.875)
(0.625)
(0.250)
3.875
(1.750)
(1.500)
(1.125)
An AVM is required on IRRL's w/ no appraisal products.
4.250
(0.625)
(0.375)
0.000
3.750
(1.375)
(1.125)
(0.750)
VA IRRL w/ appraisals should be priced under our "preferred"
programs.
4.125
#N/A
#N/A
#N/A
4.000
#N/A
#N/A
#N/A
Minimum Credit Score 640
VA IRRL NO APPRAISAL PRICE ADJUSTMENTS
Minimum Credit Score 640
Loan Amount $75,001 to $100,000
0.750
Loan Amount $50,000 to $75,000
1.500
VA NO APPRAISAL - FICO/LTV PRICE ADJUSTMENT GRID
LTV <= 100.00
100.01 - 105.00
105.01 - 110.00
110-01-115.00
115.01-120.00
120.01-125.00
125-01-130.00
FICO 700 +
0.000
0.250
0.500
0.750
1.000
1.250
1.500
FICO 660-699
0.125
0.375
0.625
0.875
1.125
1.375
1.750
FICO 640-659
0.250
0.500
0.750
1.000
1.250
1.500
1.875
Please refer to guidelines to determine if the combination of loan characteristics is allowable. The rate sheet pricing matrices are not meant to imply guideline approval.
Tuesday, October 14, 2014
Effective 9:00 a.m. MDT
Page 2 of 4
All prices are subject to change without notice
Western States - Wholesale Rate Sheet
.
Pricing is valid for properties located in the state of Utah Only . To price properties in other states please use our online pricing engine.
Conforming Fixed Products
C-F30
30 Year Fixed
Note Rate
15 day
30 day
45 day
5.250
(6.000)
(5.750)
(5.375)
5.125
(5.500)
(5.250)
(4.875)
4.990
(4.875)
(4.625)
(4.250)
4.875
(4.875)
(4.625)
(4.250)
4.750
(4.625)
(4.375)
(4.000)
4.625
(4.125)
(3.875)
(3.500)
4.500
4.375
(3.250)
(2.875)
(3.000)
(2.625)
(2.625)
(2.250)
4.250
(2.375)
(2.125)
(1.750)
4.125
(1.500)
(1.250)
(0.875)
Note Rate
15 day
30 day
45 day
4.375
(4.250)
(4.000)
(3.625)
C-F15
15 Year Fixed
4.250
(4.125)
(3.875)
(3.500)
4.125
(3.875)
(3.625)
(3.250)
4.000
(3.500)
(3.250)
(2.875)
3.875
(3.125)
(2.875)
(2.500)
C-F20
Lender Paid Mortgage Insurance products are available. Please price
LPMI loans using the C-F30, C-F20, C-F15, or
C-F30J9 base pricing.
To lock LPMI loans please use the following product codes:
C-F30-LP.MI, C-F20-LP.MI, C-F15-LP.MI, C-F30J9-LP.MI
LPMI adjustments are located at the bottom of the conforming
adjustment page and are cumulative with the other Conforming, Risk
Based, and Cash-out adjustments.
(When pricing out the LPMI
products in our online pricing engine be sure to select "NO" in the "borrower
pays MI" field in order for the LPMI products to appear)
Fannie Mae HARP II DU REFI PLUS pricing & adjustments
available on page 3.
Fannie Mae HomePath priced using the C-F30 base pricing.
(When pricing out the Homepath product in our online pricing engine be sure
to select "NO" in the "borrower pays MI" field in order for the HomePath
product to appear)
C-F25 available and priced using the same base pricing and
adjustments as the C-F30.
20 Year Fixed
Note Rate
15 day
30 day
45 day
4.875
(4.875)
(4.625)
(4.250)
4.750
(4.625)
(4.375)
(4.000)
4.625
(4.125)
(3.875)
(3.500)
4.500
(3.375)
(3.125)
(2.750)
4.375
(3.250)
(3.000)
(2.625)
4.250
(2.750)
(2.500)
(2.125)
4.125
4.000
(2.000)
(1.125)
(1.750)
(0.875)
(1.375)
(0.500)
3.875
(0.250)
0.000
0.375
3.750
0.500
0.750
1.125
Note Rate
15 day
30 day
45 day
4.375
(4.125)
(3.875)
(3.500)
C-F10
10 Year Fixed
4.250
(3.875)
(3.625)
(3.250)
4.125
(3.500)
(3.250)
(2.875)
4.000
(3.000)
(2.750)
(2.375)
3.875
(2.625)
(2.375)
(2.000)
3.750
(2.625)
(2.375)
(2.000)
3.750
(2.250)
(2.000)
(1.625)
3.625
(2.250)
(2.000)
(1.625)
3.625
(1.875)
(1.625)
(1.250)
(0.625)
3.500
(1.750)
(1.500)
(1.125)
3.500
(1.250)
(1.000)
3.375
(1.125)
(0.875)
(0.500)
3.375
(0.500)
(0.250)
0.125
3.250
(0.625)
(0.375)
0.000
3.250
0.375
0.625
1.000
Conforming High Balance Products
C-F30J9
High Balance - 30 Yr
C-F15J9
High Balance - 15 Yr
Note Rate
15 day
30 day
45 day
Note Rate
15 day
30 day
45 day
5.375
(5.125)
(4.875)
(4.500)
4.375
(3.250)
(3.000)
(2.625)
5.250
(4.875)
(4.625)
(4.250)
4.250
(3.000)
(2.750)
(2.375)
5.125
(4.375)
(4.125)
(3.750)
4.125
(2.625)
(2.375)
(2.000)
5.000
(3.625)
(3.375)
(3.000)
4.000
(2.000)
(1.750)
(1.375)
4.875
(3.625)
(3.375)
(3.000)
3.875
(1.750)
(1.500)
(1.125)
4.750
(3.250)
(3.000)
(2.625)
3.750
(1.375)
(1.125)
(0.750)
4.625
(2.500)
(2.250)
(1.875)
3.625
(0.875)
(0.625)
(0.250)
4.500
(1.625)
(1.375)
(1.000)
3.500
(0.375)
(0.125)
0.250
4.375
(1.250)
(1.000)
(0.625)
3.375
0.500
0.750
1.125
4.250
(0.750)
(0.500)
(0.125)
3.250
1.250
1.500
1.875
Loan Amount Adjustments
LOAN AMOUNT ADJUSTMENTS WILL NOT APPEAR ON LOCK CONFIRMATIONS. When locking loans, the optimal blue system will automatically subtract the loan amount
adjustments from the base pricing, and they WILL NOT show up in the adjustment section on the lock confirmation.
LOAN AMOUNT ADJUSTMENTS BELOW ARE ESTIMATES ONLY. Loan Size adjustments will change based on loan size, loan term, and state. The loan size adjustments listed below
are estimates, provided for rough indications purposes only. In order to quote accurate pricing please log in to optimal blue.
Loan Amounts $ 50,000 - $ 99,999 (this adjustment is an estimate only see above for further explanation)
0.500
Loan Amounts $ 100,000 - $139,999 (this adjustment is an estimate only see above for further explanation)
0.125
PRICE ADJUSTMENTS (All Conforming Loans)
Escrow Waiver Fee (exclude CA loans)
0.250
NOO w/ LTV <= 75.00% (does not apply to Homepath)
2.000
NOO w/ LTV 75.01 to 80.00% (does not apply to Homepath)
3.250
NOO w/ LTV 80.01 to 85.00% (does not apply to Homepath)
3.750
Homepath & NOO w/ LTV <= 75.00%
1.750
Homepath & NOO w/ LTV 75.01 to 80.00%
2.000
Homepath & NOO w/ LTV 80.01 to 90.00%
2.500
CONDO w/ LTV > 75.00% & Loan Term > 15 Years
0.750
3-4 Unit Properties
1.000
2 Unit Properties
1.000
CONFORMING HIGH BALANCE & CASH OUT (This adjustment is in addition to any applicable adjustments on the Cash-Out Pricing Grid Below)
1.000
Sub Financing: LTV <=65% & CLTV >80% <=95%, & FICO >= 720
0.250
Sub Financing: LTV <=65% & CLTV >80% <=95%, & FICO < 720
0.500
Sub Financing: LTV >65%<=75% & CLTV >80% <=95%, & FICO >= 720
0.500
Sub Financing: LTV >65%<=75% & CLTV >80% <=95%, & FICO < 720
0.750
Sub Financing: LTV >75%<=90% & CLTV >76% <=90%, & FICO >= 720
0.750
Sub Financing: LTV >75%<=90% & CLTV >76% <=90%, & FICO < 720
1.000
Sub Financing: LTV >75%<=95% & CLTV >90% <=95%, & FICO >= 720
0.750
Sub Financing: LTV >75%<=95% & CLTV >90% <=95%, & FICO < 720
1.000
Sub Financing: CLTV > 95.00%
1.500
Homepath & LTV 80.01% to 85.00%
1.000
Homepath & LTV 85.01% to 90.00%
1.750
Homepath & LTV 90.01% to 95.00%
2.500
Homepath & LTV 95.01% to 97.00%
3.250
Credit Score 680 to 739
0.125
Credit Score 620 to 679
0.250
Cash Out Pricing Grid
LTV <= 60.00%
LTV 60.01 - 75.00%
FICO 580 - 619
N/A
N/A
620-639
2.000
2.250
640-659
2.000
2.250
660-679
0.250
0.750
680-699
0.000
0.750
700-719
0.000
0.625
720-739
0.000
0.625
>= 740
0.000
0.250
LTV 75.01 - 80.00%
N/A
3.750
3.250
1.500
1.375
0.750
0.750
0.500
LTV 80.01 - 85.00%
N/A
4.000
4.000
2.500
2.500
1.500
1.500
0.625
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
FICO 580 - 619
620-639
640-659
660-679
680-699
700-719
720-739
>= 740
LTV <= 60.00%
N/A
0.500
0.500
0.000
0.000
(0.250)
(0.250)
(0.250)
LTV 60.01 - 70.00%
N/A
1.500
1.250
1.000
0.500
0.500
0.000
0.000
LTV 70.01 - 75.00%
N/A
3.000
2.500
2.000
1.250
0.750
0.250
0.000
LTV 75.01 - 80.00%
N/A
3.000
3.000
2.500
1.750
1.000
0.500
0.250
LTV 80.01 - 85.00%
N/A
3.250
3.250
2.750
1.500
1.000
0.500
0.250
LTV 85.01 - 90.00%
N/A
3.250
2.750
2.250
1.250
1.000
0.500
0.250
LTV 90.01 - 95.00%
N/A
3.250
2.750
2.250
1.250
1.000
0.500
0.250
LTV > 85.00%
Risk Based Pricing Grid: All Products w/ Terms > 15 Yrs
Lender Paid Mortgage Insurance Price Adjustments (All Conforming, Cash Out, & Risk Based Adjustments listed above also apply)
Attention: Please reference the C-F30, C-F15, or C-F30J9 base pricing but lock under the C-F30-LP.MI, C-F15-LP.MI, or C-F30J9-LP.MI product codes.
Fico > 760
740-759
720-739
680-719
660-679
640-659
620-639
LTV 90.01% to 95.00%
1.95
2.15
2.23
3.29
4.93
5.12
5.79
LTV 85.01% to 90.00%
1.37
1.37
1.60
2.17
3.28
3.53
4.08
LTV 80.01% to 85.00%
0.95
0.99
1.12
1.33
1.54
1.73
1.97
25 Year Term or Less
(0.18)
(0.18)
(0.18)
(0.28)
(0.39)
(0.39)
(0.39)
Agency High Balance
0.40
0.40
0.88
1.40
2.10
2.10
2.10
Cashout
0.50
0.50
0.70
1.00
1.30
1.30
1.30
Rate & Term Refi
0.00
0.00
0.00
0.53
1.05
1.05
1.05
Second Home
0.25
0.25
0.49
0.70
1.23
1.23
1.23
Florida
0.04
0.04
0.04
0.04
0.04
0.04
0.04
Please refer to guidelines to determine if the combination of loan characteristics is allowable. The rate sheet pricing matrices are not meant to imply guideline approval.
Tuesday, October 14, 2014
Effective 9:00 a.m. MDT
Page 3 of 4
All prices are subject to change without notice
Western States - Wholesale Rate Sheet
.
Pricing is valid for properties located in the state of Utah Only . To price properties in other states please use our online pricing engine.
SNMC Service Retained Products
These products update in real time in our online pricing engine, pricing may vary from the prices listed below without official notice.
FANNIE MAE Conforming Fixed (Service Retained) - DU Approval Required
C-F30-04
30 Year Fixed (Serv. Ret.)
C-F15-04
15 Year Fixed (Serv. Ret.)
Note Rate
15 day
30 day
45 day
Note Rate
15 day
30 day
45 day
5.250
(5.125)
(4.875)
(4.500)
4.500
(3.875)
(3.625)
(3.250)
5.125
(5.125)
(4.875)
(4.500)
4.375
(3.750)
(3.500)
(3.125)
5.000
(4.750)
(4.500)
(4.125)
4.250
(3.625)
(3.375)
(3.000)
4.875
(4.375)
(4.125)
(3.750)
4.125
(3.375)
(3.125)
(2.750)
4.750
(4.125)
(3.875)
(3.500)
4.000
(3.000)
(2.750)
(2.375)
4.625
(3.500)
(3.250)
(2.875)
3.875
(2.625)
(2.375)
(2.000)
4.500
4.375
(2.750)
(2.125)
(2.500)
(1.875)
(2.125)
(1.500)
3.750
3.625
(2.125)
(1.750)
(1.875)
(1.500)
(1.500)
(1.125)
4.250
(1.500)
(1.250)
(0.875)
3.500
(1.250)
(1.000)
(0.625)
4.125
(0.750)
(0.500)
(0.125)
3.375
(0.625)
(0.375)
0.000
HARP II Conforming Fixed Products
C-F30RP-04
SNMC FNMA 30 YR
Note Rate
15 day
30 day
45 day
Pricing only valid for LTV's < 105%. To accurately price LTV's over
105% please use our online pricing engine
5.250
(5.000)
(4.750)
(4.375)
HARP II Adjustment Caps
5.125
(5.000)
(4.750)
(4.375)
5.000
(4.625)
(4.375)
(4.000)
4.875
(4.250)
(4.000)
4.750
(3.875)
(3.625)
C-F30RR-12
SNMC FREDDIE 30 YR
Note Rate
15 day
30 day
45 day
5.250
(5.750)
(5.500)
(5.125)
5.125
(5.250)
(5.000)
(4.625)
4.990
(4.500)
(4.250)
(3.875)
(3.625)
Total price adjustments will be capped, based on loan parameters, as
outlined below. Adjustments listed in the "uncapped price adjustment"
section are not subject to the following caps.
4.875
(4.500)
(4.250)
(3.875)
(3.250)
Owner Occupied, all Terms & LTV <= 80%
4.750
(4.125)
(3.875)
(3.500)
1.750
4.625
(3.250)
(3.000)
(2.625)
Owner Occupied w/ Term <= 20 years & LTV > 80%
0.000
4.625
(3.500)
(3.250)
(2.875)
4.500
(2.500)
(2.250)
(1.875)
Owner Occupied w/ Terms > 20 years and LTV > 80%
0.500
4.500
(2.750)
(2.500)
(2.125)
4.375
(1.875)
(1.625)
(1.250)
NOO & Second Homes, all LTV's and Terms
1.750
4.375
(2.000)
(1.750)
(1.375)
4.250
(1.250)
(1.000)
(0.625)
4.250
(1.500)
(1.250)
(0.875)
4.125
(0.500)
(0.250)
0.125
4.125
(0.750)
(0.500)
(0.125)
***Online locking system does not support price adjustment caps, the
caps will be applied manually after submitting lock request.
***When pricing out the HARP II products in our online pricing
engine be sure to select "NO" in the "borrower pays MI" field in
order for the HARP II products to appear)
UNCAPPED PRICE ADJUSTMENTS (these adjustments are not subject to HARP II Caps)
Escrow Waiver Fee (exclude CA loans)
0.250
Admin Waiver Fee (online system doesn't calculate the cap correctly … it will be adjusted by the SNMC lock desk)
(vary by loan amt)
Service Retained Price Adjustments
NOO w/ LTV <= 75.00% (does not apply to Homepath)
2.000
NOO w/ LTV 75.01 to 80.00% (does not apply to Homepath)
3.250
NOO w/ LTV 80.01 to 85.00% (does not apply to Homepath)
3.750
Homepath & NOO w/ LTV <= 75.00%
1.750
Homepath & NOO w/ LTV 75.01 to 80.00%
2.000
Homepath & NOO w/ LTV 80.01 to 90.00%
2.500
CONDO w/ LTV > 75.00% & Loan Term > 15 Years
0.750
3-4 Unit Properties
1.000
2 Unit Properties
1.000
HIGH LTV - All loans with LTVs 95.01 to 97.00% (HARP II Products only)
0.500
HIGH LTV - All loans with LTVs 97.01 to 105.00% (HARP II Products only)
1.000
Homepath & LTV 80.01% to 85.00%
1.000
Homepath & LTV 85.01% to 90.00%
1.750
Homepath & LTV 90.01% to 95.00%
2.500
Homepath & LTV 95.01% to 97.00%
3.250
Sub Financing: LTV <=65% & CLTV >80% <=95%, & FICO >= 720
0.250
Sub Financing: LTV <=65% & CLTV >80% <=95%, & FICO < 720
0.500
Sub Financing: LTV >65%<=75% & CLTV >80% <=95%, & FICO >= 720
0.500
Sub Financing: LTV >65%<=75% & CLTV >80% <=95%, & FICO < 720
0.750
Sub Financing: LTV >75%<=90% & CLTV >76% <=90%, & FICO >= 720
0.750
Sub Financing: LTV >75%<=90% & CLTV >76% <=90%, & FICO < 720
1.000
Sub Financing: LTV >75%<=95% & CLTV >90% <=95%, & FICO >= 720
0.750
Sub Financing: LTV >75%<=95% & CLTV >90% <=95%, & FICO < 720
1.000
Sub Financing: All Loans w/ CLTV > 95.00%
1.500
Cash Out Pricing Grid
LTV <= 60.00%
LTV 60.01 - 75.00%
FICO 580 - 619
N/A
N/A
620-639 640-659 660-679
0.250
0.250
0.250
1.250
1.250
0.750
680-699
0.000
0.750
700-719
0.000
0.625
720-739
0.000
0.625
>= 740
0.000
0.250
LTV 75.01 - 80.00%
N/A
2.750
2.250
1.500
1.375
0.750
0.750
0.500
LTV 80.01 - 85.00%
N/A
3.000
3.000
2.500
2.500
1.500
1.500
0.625
LTV > 85.00%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Risk Based Pricing Grid: All Products w/ Terms > 15 Yrs
680-699
700-719
720-739
>= 740
LTV <= 60.00%
N/A
0.500
0.500
0.000
0.000
(0.250)
(0.250)
(0.250)
LTV 60.01 - 70.00%
N/A
1.500
1.250
1.000
0.500
0.500
0.000
0.000
LTV 70.01 - 75.00%
N/A
3.000
2.500
2.000
1.250
0.750
0.250
0.000
LTV 75.01 - 80.00%
N/A
3.000
3.000
2.500
1.750
1.000
0.500
0.250
LTV 80.01 - 85.00%
N/A
3.250
3.250
2.750
1.500
1.000
0.500
0.250
LTV 85.01 - 90.00%
N/A
3.250
2.750
2.250
1.250
1.000
0.500
0.250
LTV 90.01 - 95.00%
N/A
3.250
2.750
2.250
1.250
1.000
0.500
0.250
LTV 95.01 - 97.00% (HARP II products only)
N/A
2.500
1.750
1.250
0.500
0.500
0.000
0.000
LTV 97.01 - 105.00% (HARP II products only)
N/A
2.500
1.750
1.250
0.500
0.500
0.000
0.000
LTV > 105.00% (HARP II products only)
FICO 580 - 619
620-639 640-659 660-679
Please price LTV's over 105.00% using our online pricing engine.
Tuesday, October 14, 2014
Effective 9:00 a.m. MDT
Page 4 of 4
All prices are subject to change without notice
Western States - Wholesale Rate Sheet
.
Pricing is valid for properties located in the state of Utah Only . To price properties in other states please use our online pricing engine.
Non-Conforming Products - 36
J-F30-36
Jumbo 30 Year Fixed
Note Rate
15 day
30 day
45 day
5.125
(2.375)
(2.125)
(1.750)
J-F15-36
Max Final Price after adjustments is (1.75) on Fixed products
and (1.25) on ARM products
Jumbo 15 Year Fixed
Note Rate
15 day
30 day
45 day
4.375
(1.375)
(1.125)
(0.750)
5.000
(2.375)
(2.125)
(1.750)
4.250
(1.250)
(1.000)
(0.625)
4.875
(2.375)
(2.125)
(1.750)
4.125
(1.125)
(0.875)
(0.500)
4.750
(2.125)
(1.875)
(1.500)
4.000
(1.000)
(0.750)
(0.375)
4.625
(1.750)
(1.500)
(1.125)
3.875
(0.750)
(0.500)
(0.125)
4.500
(1.375)
(1.125)
(0.750)
3.750
(0.500)
(0.250)
0.125
4.375
(1.000)
(0.750)
(0.375)
3.625
(0.125)
0.125
0.500
4.250
(0.500)
(0.250)
0.125
3.500
0.250
0.500
0.875
4.125
0.125
0.375
0.750
3.375
0.625
0.875
1.250
4.000
0.875
1.125
1.500
3.250
1.125
1.375
1.750
J-A5L-36
Jumbo 5/1 Libor Arm
J-A7L-36
Jumbo 7/1 Libor Arm
J-A10L-36
Jumbo 10/1 Libor Arm
Note Rate
15 day
30 day
45 day
Note Rate
15 day
30 day
45 day
Note Rate
15 day
30 day
45 day
3.875
(1.125)
(0.875)
(0.500)
4.375
(1.250)
(1.000)
(0.625)
4.625
(1.625)
(1.375)
(1.000)
3.750
(1.000)
(0.750)
(0.375)
4.250
(1.250)
(1.000)
(0.625)
4.500
(1.500)
(1.250)
(0.875)
3.625
(0.875)
(0.625)
(0.250)
4.125
(1.125)
(0.875)
(0.500)
4.375
(1.375)
(1.125)
(0.750)
3.500
(0.750)
(0.500)
(0.125)
4.000
(1.125)
(0.875)
(0.500)
4.250
(1.125)
(0.875)
(0.500)
3.375
(0.625)
(0.375)
0.000
3.875
(1.000)
(0.750)
(0.375)
4.125
(0.875)
(0.625)
(0.250)
3.250
(0.375)
(0.125)
0.250
3.750
(0.750)
(0.500)
(0.125)
4.000
(0.500)
(0.250)
0.125
3.125
(0.125)
0.125
0.500
3.625
(0.500)
(0.250)
0.125
3.875
(0.125)
0.125
0.500
3.000
0.250
0.500
0.875
3.500
(0.250)
0.000
0.375
3.750
0.250
0.500
0.875
2.875
0.625
0.875
1.250
3.375
0.125
0.375
0.750
3.625
0.750
1.000
1.375
LTV / CLTV
<= 60.00%
60.01-65.00%
65.01-70.00%
70.01-75.00%
75.01-80.00%
0.125
Credit Scores
>=760 (FIXED PRODUCTS)
(0.625)
(0.375)
0.000
0.000
740-759 (FIXED PRODUCTS)
(0.375)
(0.125)
0.000
0.000
0.250
720-739 (FIXED PRODUCTS)
700-719 (FIXED PRODUCTS)
(0.125)
0.000
0.000
0.125
0.375
0.000
0.000
0.125
0.375
N/A
>=760 (ARM PRODUCTS)
(0.375)
(0.250)
0.000
0.000
0.250
740-759 (ARM PRODUCTS)
(0.250)
(0.125)
0.000
0.125
0.375
720-739 (ARM PRODUCTS)
0.000
0.000
0.000
0.250
0.500
700-719 (ARM PRODUCTS)
0.000
0.000
0.125
0.375
N/A
$0 to $1,000,000 (FIXED PRODUCTS)
(0.625)
(0.375)
0.000
0.000
0.125
$1,000,001 to $1,500,000 (FIXED PRODUCTS)
(0.500)
0.000
0.000
0.000
0.250
$1,500,001 to $2,000,000 (FIXED PRODUCTS)
$2,000,001 tp $2,500,000 (FIXED PRODUCTS)
(0.250)
0.000
0.000
N/A
N/A
0.000
0.125
N/A
N/A
N/A
$0 to $1,000,000 (ARM PRODUCTS)
(0.625)
(0.375)
0.000
0.000
0.250
$1,000,001 to $1,500,000 (ARM PRODUCTS)
(0.500)
0.000
0.000
0.000
0.375
$1,500,001 to $2,000,000 (ARM PRODUCTS)
(0.250)
0.000
0.000
N/A
N/A
$2,000,001 tp $2,500,000 (ARM PRODUCTS)
0.000
0.125
N/A
N/A
N/A
Purchase
(0.250)
(0.250)
(0.250)
(0.250)
(0.250)
Second Home
0.500
0.500
0.500
0.500
N/A
Cashout Refinance
0.250
0.500
0.500
0.750
N/A
2-4 Units
0.250
0.250
0.250
N/A
N/A
DTI > 40 %
0.000
0.000
0.000
0.250
0.375
Loan Amount
Other
Escrow Waiver (exclude CA & NC)
0.250
0.250
0.250
0.250
0.250
State Adjuster for (CT, DC, GA, IL, MD, NJ, PA, TN, TX)
(0.375)
(0.375)
(0.375)
(0.375)
(0.375)
State Adjuster for (NV)
0.250
0.250
0.250
0.250
0.250
State Adjuster for all other states not listed above
(0.250)
(0.250)
(0.250)
(0.250)
(0.250)
Non-Conforming Products - 17
J-F30-17
Jumbo 30 Year Fixed
PRICE ADJUSTMENTS
J-F15-17
Jumbo 15 Year Fixed
Note Rate
45 day
Loan Amounts <= &417,000
N/A
Note Rate
45 day
5.250
(2.375)
Cash out
N/A
4.875
(2.125)
5.125
(2.375)
3-4 Unit
N/A
4.750
(2.125)
5.000
(2.375)
FICO 700-719 w/ LTV 70.01-80.00
1.000
4.625
(1.875)
4.875
(2.000)
FICO 700-719 w/ LTV 60.01-70.00
0.500
4.500
(1.500)
4.750
(1.625)
FICO 760-779 w/ LTV 70.01 to 80.00
0.125
4.375
(1.250)
4.625
(1.250)
FICO 740-759 w/ LTV 70.01 to 80.00
0.375
4.250
(0.875)
4.500
(0.750)
FICO 720-739 w/ LTV 70.01 to 80.00
0.750
4.125
(0.500)
4.375
(0.250)
FICO 720-739 w/ LTV 60.01 to 70.00
0.375
4.000
(0.125)
4.250
0.250
Refinance Ajduster 7/1 & 5/1 ARMS
0.250
3.875
0.250
4.125
0.750
Refinance Adjuster 15 YR FIXED & 10/1 ARM
0.375
3.750
0.625
4.000
1.250
Refinance Adjuster 30 YR FIXED
0.625
3.625
1.000
3.875
1.750
Minimum FICO of 700 required.
3.500
1.375
3.750
2.250
3.375
1.750
3.625
2.875
3.250
2.125
.250% RATE reduction with participation in Preferred Payment Plan (monthly auto pay)
J-A5L-17
Note Rate
Jumbo 5/1 Libor Arm
45 day
J-A7L-17
Note Rate
Jumbo 7/1 Libor Arm
45 day
J-A10L-17
Note Rate
Jumbo 10/1 Libor Arm
45 day
4.125
(1.000)
4.250
(1.375)
4.750
(2.375)
4.000
(0.750)
4.125
(1.375)
4.625
(2.000)
3.875
(0.500)
4.000
(1.125)
4.500
(1.750)
3.750
(0.250)
3.875
(0.875)
4.375
(1.375)
3.625
0.000
3.750
(0.625)
4.250
(1.125)
3.500
0.250
3.625
(0.250)
4.125
(0.750)
3.375
0.500
3.500
0.000
4.000
(0.375)
3.250
0.750
3.375
0.375
3.875
0.000
3.125
1.000
3.250
0.625
3.750
0.375
3.000
1.250
3.125
1.000
3.625
0.750
2.875
1.500
3.000
1.250
3.500
1.125
2.750
1.750
2.875
1.625
3.375
1.500
2.625
2.000
2.750
1.875
3.250
1.875
2.500
2.250
2.625
2.250
3.125
2.250
2.375
2.625
2.500
2.625
3.000
2.750
Please refer to guidelines to determine if the combination of loan characteristics is allowable. The rate sheet pricing matrices are not meant to imply guideline approval.