Uniform Underwriting and Transmittal Summary I. Borrower and Property Information Property Type Project Classification Occupancy Status Additional Property Information Property Rights Borrower Name Co-Borrower Name Property Address SSN SSN 1 unit 2- to 4-units Condominium PUD Co-op Manufactured Housing Single Wide Multiwide Freddie Mac Streamlined Review Established Project New Project Detached Project 2- to 4-unit Project Reciprocal Review Fannie Mae P Limited Review New Q Limited Review Est. R Expedited New S Expedited Est. T Fannie Mae Review U FHA-approved E PUD F PUD 1 Co-op 2 Co-op Project Name CMP Project ID# (if any) Primary Residence Second Home Investment Property Number of Units Sales Price $ Appraised Value $ Fee Simple Leasehold II. Mortgage Information Loan Type Amortization Type Loan Purpose Lien Position Note Information Mortgage Originator Buydown If Second Mortgage Conventional FHA VA USDA/RHS Fixed-Rate—Monthly Payments Fixed-Rate—Biweekly Payments Balloon ARM (type) Other (specify) Purchase Cash-Out Refinance Limited Cash-Out Refinance (Fannie) No Cash-Out Refinance (Freddie) Home Improvement Construction to Permanent First Mortgage Amount of Subordinate Financing $ (If HELOC, include balance and credit limit) Second Mortgage Original Loan Amount Initial P&I Payment Initial Note Rate Loan Term (in months) $ $ % Seller Broker Correspondent Broker/Correspondent Name and Company Name: Yes No Terms Owner of First Mortgage Fannie Mae Freddie Mac Seller/Other Original Loan Amount of First Mortgage $ III. Underwriting Information Stable Monthly Income Present Housing Payment: Proposed Monthly Payments Qualifying Ratios Loan-to-Value Ratios Qualifying Rate Level of Property Review Borrower Funds to Close Risk Assessment Escrow (T&I) Representative Credit/Indicator Score Community Lending/Affordable Housing Initiative Home Buyers/Homeownership Education Certificate in file Underwriter Comments Underwriter’s Name Appraiser’s Name/License # Appraisal Company Name Base Income Other Income Positive Cash Flow (subject property) Total Income Borrower $ $ $ $ Co-Borrower $ $ $ $ Total $ $ $ $ Primary Housing Expense/Income Total Obligations/Income Debt-to-Housing Gap Ratio (Freddie) % % % LTV CLTV/TLTV HCLTV/HTLTV % % % Note Rate Above Note Rate Below Note Rate Bought-Down Rate Other % % % % % % % Exterior/Interior Exterior Only No Appraisal Form Number: Manual Underwriting AUS DU LP Other AUS Recommendation DU Case ID/LP AUS Key# LP Doc Class (Freddie) Yes No Yes No Yes No Borrower’s Primary Residence First Mortgage P&I Second Mortgage P&I Hazard Insurance Taxes Mortgage Insurance HOA Fees Lease/Ground Rent Other Total Primary Housing Expense Other Obligations Negative Cash Flow (subject property) All Other Monthly Payments Total All Monthly Payments Required Verified Assets Source of Funds No. of Months Reserves Interested Party Contributions $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ %
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Uniform Underwriting and Transmittal SummaryI. Borrower and Property Information
Property Type Project Classification Occupancy Status Additional Property Information
Property Rights
Borrower NameCo-Borrower NameProperty Address
SSNSSN
1 unit2- to 4-unitsCondominiumPUD Co-opManufactured Housing
Single WideMultiwide
Freddie MacStreamlined ReviewEstablished ProjectNew ProjectDetached Project2- to 4-unit ProjectReciprocal Review
All Other Monthly PaymentsTotal All Monthly Payments
RequiredVerified Assets
Source of FundsNo. of Months ReservesInterested Party Contributions
$
$$$$$$$$$
$
$$
$$
%
NOTE: Rate Finder - Plus uses the attributes submitted to evaluate eligibility under MGIC's currentunderwriting guidelines and to provide a rate quote. Loans not eligible for an electronic approval maybe insurable with additional information. You may contact our Customer Service Team with thereference number provided for more information on your submission.
Guidelines are subject to change and may be different when an actual MI application is submitted. Submission of an MI application requires that the insured provides accurate data, documented asspecified in MGIC's Underwriting Guide.
This option provides a rate quote based on the data you submit. No evaluation of eligibilityis made. Complete the fields below and click 'Submit Request'.
Select Option:
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LOAN INFORMATION
Loan Amount: (without financed premium)
Loan Amortization Term: months
Loan Instrument:
Repayment Type:
Loan Purpose:
Purpose of Refinance:
AUS: DU LP Not Applicable
DU Recommendation:
PROPERTY INFORMATION
Property State:
Occupancy Type:
Appraised Value:
BORROWER INFORMATIONRepresentative FICO
Score: (Definition. Not used in all states)
MI INFORMATION
MGIC Program: (Definition)
Premium Type: (Definition)
Coverage: % Click here for Standard Agency Coverage Requirements
Renewals:
Relocation Loan:
Click here for MGIC's Underwriting Guidelines Summary
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RATE QUOTE as of 08/12/2009A Rate Quote does not guarantee underwriting approval. Loans must meet program criteria.
A QuoteInitial Rate: 0.01040Initial Monthly Premium: $236.10
Rate Years 2-10: 0.01040Rate Years 11 & Greater: 0.00200
MGIC Rate Finder - Plus: Find Rate and Check Eligibility http://www.mgic.com/is/html/ratefinder.html
2 of 2 8/12/2009 12:47 AM
Brooks Brophy
Rectangle
GOOD FAITH ESTIMATE Applicanls: DEBORAH A. WEBSTER Application No: Webster Jun09 Refi Property Addr: 741258 ST NE, MARYSVILLE, WA 98270 Date Prepared: 06I29J2009 Prepared By: Loan Program: 3O.YR FIXED
The Infonnalion provided below reflects estimates of the cluwges which you .. likely to incur.the .......ntof~rloan. The fees listed.... estimatt••actual charges may be more or less. Your transaction may not Involve a fee tor every Item 1IstacI. The numbers listed beside the estimates generally correspond to the numbered lines contained in the HUD-1 settlement statement which you YJin be receiving at settlement The HlJO-1 settlement statement will show you the actual cost for items paid at settlement
• PFC =Prepaid Finance Charge F =FHA Allowable Closing C06t
Total Loan Amount $ 272 26 Interest Rate: 4.876 % TermlDue In: 380 /380 mths POe =Paid Outside ct Ctosi _ ..... MYAaI IN cotIIIC'I1OtI WI1H LOAN: A_ PIdd *PFC/F/POC 801 Loan Origination Fee $ .,802 Loan Discount Paid To Lender: Flagstar Bank 0.641 % 1,748.24 803 Appraisal Fee Paid To Other: All City Appraisal 360.00 804 Credit Report 805 Lender's Inspection Fee 808 Mortgage Broler Fee Paid To Broker: Sound Mortgage. Inc. 1.000% 2,724.26 ., 809 Tax Related 8efviee Fee Paid To Lender: Flagslar Bank (89.00) ., .,.,810 Processing Fee Paid To Broker: Sound Mortgage. Inc. 686.00 811 Underwriting Fee Paid To Lender: Flagstar Bank 650.00 ., 812 Wre Transfer Fee ., .,814 Flood CertifICation Paid To Lender: Flags!ar Bank (8.00)
I COMPINMTION 10BROKER (Not Paid Out d Loan Pr'oceeda) $
11.... TI1LI ClWtGII: PPC/F/f'OC I 1101 CIosinQIEscrow Fee: Paid To Other: First American Title $ 438.80 1105 Document Preparation Fee 1106 Notary Fees 1107 Attorney Fees 1108 Title Insurance: Paid To Other: First American Title 673.30
(1_ 1201 1202 1203
......,. RECORDING & 1RMIFIIIt CHARGI8: Recording Fees: Paid To Other: County Authority CitylCounty TaxlStamps: State Tax/Stamps:
$ Amount
aoo PaId" PFC/F/POC I
11_ ADDI110NAL 8IT1UMINTCHAIlG18: 1302 Pest Inspection $
Amount PaId" PPC/FIPOC I
7,130.69 ...... _ BY L&NDIIR 10 • MID It ADVANCE: PFC/F/POC I
901 Interest Paid To Lender: Flagstar Bank for 2ctays@ $ 36.38661 day $ 72.77 902 Mtg Ins. Premium 903 Hazard Ins. Premium 904
905 VA Funding Fee
PFC/F/POC I 1001 Hazard Ins. Premium Paid To Lender: Flag!tar Bank & mths @ $ 14.001 mth $ 270.00 1002 Mtg Ins. Premium Reserves mthsQ$ Imth 1003 SChool Tax mths@$ Imth 1004 1005
Paid To Lender: Flags1ar Bank 6 mths 0 $226.741 m1h mths@$ Imth
1,133.70
mthsQ$ Imth mths@$ Imth
-0.07
8,606.99 TOTAL D1IMA1IDI1ONTHLV PAYMENT:
other Financing (P & I)
Real Estate Taxes 226.74 M Insurance Homec1M'lef Assn. Dues Other
1.746024 FHA Required Investment (-) FHA MI Premium Refund (-)
Total EstImatH Funds toyou 1.418.01 TotalMonthIYPavment 1.722.44 ~ This Good Faith Estimate is being proWied by • a mortgage broker, and no lender has ~ been obtained. 11Iese ........... provided pursuant tD the RealEstatI Settlement Proced.... Act _1174. as amended (RESPA). AdcIIIonaIInfonndon can be found In the HUD Special information IooIdet, which Is to be provided to ~ by ~r mortgage broker or leneler, If~r appIIcaIIon Is to pure.................. property and the lender wli taM a first lien on the property. The undersigned acknowledges recei~ of the booklet "Settlement Costs... and I applicable the Consumer Handlook on ARM Mortgages.
Applicant DEBORAH A. WEBSTER Applicant Date Calyx Form - gfe.frm (09108)
GOOD FAITH ESTIMATEApplicants: Application No:Property Addr: Date Prepared:
Loan Program:Prepared By:
The information provided below reflects estimates of the charges which you are likely to incur at the settlement of your loan. The fees listed are estimates - actual chargesmay be more or less. Your transaction may not involve a fee for every item listed. The numbers listed beside the estimates generally correspond to the numbered linescontained in the HUD-1 settlement statement which you will be receiving at settlement. The HUD-1 settlement statement will show you the actual cost for items paid at settlement.
Total Loan Amount $ Interest Rate: % Term/Due In: mths
= Paid Outside of Closing800 ITEMS PAYABLE IN CONNECTION WITH LOAN:801 Loan Origination Fee $802 Loan Discount803 Appraisal Fee804 Credit Report805 Lender's Inspection Fee808 Mortgage Broker Fee809 Tax Related Service Fee810 Processing Fee811 Underwriting Fee812 Wire Transfer Fee
COMPENSATION TO BROKER (Not Paid Out of Loan Proceeds) :$
1100 TITLE CHARGES:1101 Closing/Escrow Fee: $1105 Document Preparation Fee1106 Notary Fees1107 Attorney Fees1108 Title Insurance:
1200 GOVERNMENT RECORDING & TRANSFER CHARGES:1201 Recording Fees: $1202 City/County Tax/Stamps:1203 State Tax/Stamps:
1300 ADDITIONAL SETTLEMENT CHARGES:1302 Pest Inspection $
Estimated Closing Costs900 ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE:901 Interest for days @ $ / day $902 Mtg Ins. Premium903 Hazard Ins. Premium904905 VA Funding Fee
This Good Faith Estimate is being provided by , a mortgage broker, and no lender hasbeen obtained. These estimates are provided pursuant to the Real Estate Settlement Procedures Act of 1974, as amended (RESPA). Additional information can
be found in the HUD Special Information Booklet, which is to be provided to you by your mortgage broker or lender, if your application is to purchase residential realproperty and the lender will take a first lien on the property. The undersigned acknowledges receipt of the booklet "Settlement Costs," and if applicable the ConsumerHandbook on ARM Mortgages.
Applicant Date Applicant DateCalyx Form - gfe.frm (09/08)
DEBORAH A. WEBSTER7412 59 ST NE, MARYSVILLE, WA 98270
Webster Jun09 Refi06/29/200930-YR FIXED
272,425 4.875 360 / 360
Paid To Lender: Flagstar BankPaid To Other: All City Appraisal
Paid To Broker: Sound Mortgage, Inc.Paid To Lender: Flagstar BankPaid To Broker: Sound Mortgage, Inc.Paid To Lender: Flagstar Bank
814 Flood Certification Paid To Lender: Flagstar Bank
0.641 %
1.000 %
Paid To Other: First American Title
Paid To Other: First American Title
Paid To Other: County Authority
Paid To Lender: Flagstar Bank 2 36.3855
Paid To Lender: Flagstar Bank
Paid To Lender: Flagstar Bank
5
5
54.00
226.74
1,746.24350.00
2,724.25(69.00)595.00650.00
(8.00)
436.80
573.30
55.00
7,130.59
72.77
270.00
1,133.70
-0.071,476.408,606.99
Amount
Amount
Amount
Amount
Amount
Amount
Amount
Paid By
Paid By
Paid By
Paid By
Paid By
Paid By
* PFC / F / POC
PFC
PFC / F / POC
PFC / F / POC
PFC / F / POC
PFC / F / POC
PFC / F / POC
New 2nd Mtg Closing Costs (+)
0.000.00
262,320.001,476.405,384.35
1,746.24
272,425.00
0.00to you 1,498.01
1,441.70
54.00226.74
1,722.44
DEBORAH A. WEBSTER
TRUTH-IN-LENDING DISCLOSURE STATEMENT(THIS IS NEITHER A CONTRACT NOR A COMMITMENT TO LEND)
Applicants: Prepared By:Property Address:
Application No: Date Prepared:
ANNUAL PERCENTAGE RATE
FINANCECHARGE
AMOUNTFINANCED
TOTAL OFPAYMENTS
The cost of your credit as a yearlyrate
The dollar amount the credit willcost you
The amount of credit provided toyou or on your behalf
The amount you will have paidafter making all payments asscheduled
% $ $ $REQUIRED DEPOSIT: The annual percentage rate does not take into account your required deposit
PAYMENTS: Your payment schedule will be:No. ofPmts
Amount ofPayments **
PaymentsDue
No. ofPmts
Amount ofPayments **
PaymentsDue
No. ofPmts
Amount ofPayments **
PaymentsDue
No. ofPmts
Amount ofPayments **
PaymentsDue
DEMAND FEATURE: This obligation has a demand feature.VARIABLE RATE FEATURE: This loan contains a variable rate feature. A variable rate disclosure has been provided earlier.
CREDIT LIFE/CREDIT DISABILITY: Credit life insurance and credit disability insurance are not required to obtain credit,and will not be provided unless you sign and agree to pay the additional cost.
Type Premium Signature
Credit LifeCredit DisabilityCredit Life and Disability
I want credit life insurance.I want credit disability insurance.I want credit life and disability insurance.
Signature:Signature:Signature:
INSURANCE: The following insurance is required to obtain credit:Credit life insurance Credit disability Property insurance Flood insurance
You may obtain the insurance from anyone you want that is acceptable to creditor.If you purchase property flood insurance from creditor you will pay $ for a one year term.
SECURITY: You are giving a security interest in:The goods or property being purchased Real property you already own.
FILING FEES: $LATE CHARGE: If a payment is more than days late, you will be charged %PREPAYMENT: If you pay off early, you may will not have to pay a penalty.
may will not be entitled to a refund of part of the finance charge.ASSUMPTION: Someone buying your property
may may, subject to conditions may not assume the remainder of your loan on the original terms.See your contract documents for any additional information about nonpayment, default, any required repayment in full before the scheduled date andprepayment refunds and penalties * means an estimate all dates and numerical disclosures except the late payment disclosures are estimates.
You are not required to complete this agreement merely because you have received these disclosures or signed a loan application.THE UNDERSIGNED ACKNOWLEDGES RECEIVING A COMPLETED COPY OF THIS DISCLOSURE.
* * NOTE: The Payments shown above include reserve deposits for Mortgage Insurance (if applicable), but exclude Property Taxes and Insurance.