DU

Ref

i Plu

sD

U R

efi P

lus

"Not

ice:

Ple

ase

note

that

this

is n

ot a

clie

ntof

fer o

r sol

icita

tion

for a

ll lo

an p

rodu

cts

liste

d.A

ll lo

ans

subm

itted

for p

urch

ase

by G

reen

Tre

e S

ervi

cing

LLC

(“G

reen

Tre

e”)

mus

t be

elig

ible

for p

urch

ase

by G

reen

Tre

e an

d be

in fu

ll co

mpl

ianc

e w

ith th

e G

reen

Tr

ee L

oan

Prod

uct M

atrix

and

Gre

en T

ree

Clie

nt C

ontra

ct fo

r eac

hap

prov

ed c

lient

."

5/31

/201

32

WEL

CO

ME

YO

U’V

E G

OT

QU

ES

TIO

NS…

WE

’VE

GO

T A

NS

WE

RS.

(IF Y

OU

CA

N’T

HE

AR

US

…W

E’R

E U

SIN

G P

HO

NE

LI

NE

S, N

OT

MIC

OR

SP

EA

KE

RS

)

TO A

SK

A Q

UE

STI

ON

DU

RIN

G T

HE

S

ES

SIO

N, S

ELE

CT

THE

CH

AT

OR

IC

ON

, TY

PE

YO

UR

QU

ES

TIO

N A

ND

S

EN

D IT

TO

TH

E H

OS

T. Y

OU

MA

Y

ALS

O P

RE

SS

#6

ON

YO

UR

PH

ON

E K

EY

P

AD

TO

UN

MU

TE Y

OU

R L

INE

, AN

D

AS

K Y

OU

R Q

UE

STI

ON

DIR

EC

TLY

TO

TH

E H

OS

T.

?

5/31

/201

33

Age

nda

•Wha

t is

HA

RP

/DU

Ref

i Plu

s?•A

US

and

Qua

lific

atio

ns›

DU

9.0

Upd

ates

•FA

Q’s

•Que

stio

ns

5/31

/201

34

Wha

t is

HAR

P?

•H

AR

P is

pro

gram

to h

elp

borro

wer

s, w

ho a

re c

urre

nt

on th

eir m

ortg

age

but m

ay n

ot b

e el

igib

le fo

r a

tradi

tiona

l ref

inan

ce d

ue to

losi

ng e

quity

in th

eir

prop

erty

bec

ause

of a

dec

linin

g m

arke

t. •

Like

any

oth

er re

finan

ce, b

orro

wer

s re

plac

e th

eir

curr

ent m

ortg

age

with

a c

ompl

etel

y ne

w m

ortg

age

whi

ch p

rovi

des

them

with

new

term

s, in

tere

st ra

tes

and

mon

thly

pay

men

ts. A

s a

resu

lt, it

may

low

er th

eir

paym

ent,

whi

ch c

ould

hel

p im

prov

e th

eir m

onth

ly

finan

cial

situ

atio

n.•

Man

y Le

nder

s re

fer t

o th

e H

AR

P P

rogr

am a

s D

U

Ref

i Plu

s.

5/31

/201

35

Why

is it

refe

rred

to a

s D

U R

efi P

lus?

•The

loan

mus

t be

run

thro

ugh

DU

.›

App

rove

/Elig

ible

or E

A/E

ligib

le o

nly

›R

efer

and

man

ual u

nder

writ

es a

re N

OT

perm

itted

•It i

s no

t a ty

pica

l tra

ditio

nal r

ate/

term

refin

ance

. •F

anni

e M

ae (F

NM

A) h

as le

ss-s

tring

ent c

riter

ia:

›lo

wer

acc

epta

ble

cred

it sc

ores

›

redu

ced

docu

men

tatio

n ›

wai

ving

the

requ

irem

ent f

or a

ppra

isal

s in

mos

t cas

es

5/31

/201

36

“Opt

ing”

out o

f DU

RE

FI P

LUS

•To

Opt

Out

of D

U R

efi P

lus,

ent

er “S

tand

ard

LCO

R”i

n th

e P

rodu

ct D

escr

iptio

n fie

ld o

f the

A

dditi

onal

Dat

a S

cree

n in

Des

ktop

Und

erw

riter

or

Orig

inat

or.

•In

our

100

3 Im

port

syst

em o

n th

e Te

rms

of L

oan

Pag

e si

mpl

y cl

ick

the

Che

ck b

ox

•D

U/D

O w

ill is

sue

a ne

w fi

ndin

g th

at s

tate

s th

e lo

an

is e

ligib

le b

ut n

ot u

nder

writ

ten

as D

U R

efi P

lus

beca

use

the

syst

em w

as in

stru

cted

to u

nder

writ

e as

a s

tand

ard

limite

d ca

sh-o

ut re

finan

ce.

5/31

/201

37

Who

Ben

efits

from

DU

Ref

i Plu

s?

•DU

Ref

i Plu

s m

ay b

e an

opt

ion

if:›

The

borro

wer

is c

urre

nt o

n th

eir m

ortg

age

paym

ents

›Th

e ho

me

valu

e ha

s de

crea

sed

The

first

mor

tgag

e ex

ceed

s th

e cu

rrent

mar

ket v

alue

of t

he h

ome

(i.e.

,loa

n-to

-val

ue)

›Th

e lo

an is

cur

rent

ly o

wne

d by

FN

MA

http

://lo

anlo

okup

.fann

iem

ae.c

om/lo

anlo

okup

The

exis

ting

first

mor

tgag

e m

ust h

ave

clos

ed p

rior t

oJu

ne 1

,200

9 to

be

elig

ible

5/31

/201

3

Bor

row

er B

enef

it•

The

borr

ower

mus

t rec

eive

a b

enef

it fro

m th

e re

finan

ce tr

ansa

ctio

n w

ith e

ither

a re

duce

d m

onth

ly

P&I p

aym

ent o

r mov

emen

t to

a m

ore

stab

le p

rodu

ct.

•Ac

cept

able

bor

row

er b

enef

its a

re m

et if

: ›

Mon

thly

P&

I dec

reas

es, o

r

›Lo

an te

rm is

sho

rtene

d, o

r

›In

tere

st ra

te is

redu

ced

•G

ener

ally

, a m

ore

stab

le p

rodu

ct w

ould

incl

ude

mov

emen

t fro

m:

›A

n in

tere

st-o

nly

to a

fully

am

ortiz

ing

loan

(pro

vide

am

ortiz

atio

n of

prin

cipa

l and

acc

umul

atio

n of

equ

ity

in th

e pr

oper

ty)

›A

n A

RM

to a

Fix

ed-R

ate

loan

›A

n A

RM

to a

new

AR

M w

ith a

n in

itial

fixe

d pe

riod

equa

l to

or g

reat

er th

an th

at o

f the

exi

stin

g m

ortg

age

›A

30-

year

Fix

ed R

ate

to a

15,

20,

or 2

5-ye

ar F

ixed

Rat

e

•An

incr

ease

to a

long

er te

rm (i

.e. 1

5-ye

ar F

ixed

Rat

e to

30-

year

Fix

ed R

ate)

is p

erm

itted

if th

ere

is

a re

duct

ion

in th

e bo

rrow

ers

P&

I pay

men

t •

DU

doe

s no

t mak

e th

e de

term

inat

ion

that

the

DU

Ref

i Plu

s tra

nsac

tion

will

bene

fit th

e bo

rrow

er

•M

odifi

ed M

ortg

age

›U

se th

e te

rms

of th

e pe

rman

ent m

odifi

ed lo

an fo

r com

paris

on

›If

borr

ower

was

in a

tria

l mod

ifica

tion

and

deni

ed a

per

man

ent m

odifi

catio

n, u

se th

e or

igin

al te

rms

of

the

loan

for c

ompa

rison

Con

fiden

tial a

nd p

ropr

ieta

ry, d

o no

t sha

re w

ith o

ther

s ou

tsid

e of

you

r or

gani

zatio

n.8

5/31

/201

39

Fixe

d Lo

an T

erm

s fo

r Con

form

ing

Lim

its

•LTV

>12

5%›

8-30

yea

r Fix

ed te

rm in

ann

ual i

ncre

men

ts

•LTV

>10

5% <

= 12

5%›

8-30

yea

r Fix

ed te

rm in

ann

ual i

ncre

men

ts

•LTV

<=

105%

›8-

30 y

ear F

ixed

term

in a

nnua

l inc

rem

ents

5/31

/201

310

AR

M L

oan

Term

s fo

r Con

form

ing

Lim

its

•LTV

<=

105%

›5/

1 LI

BOR

Arm

s›

7/1

LIBO

R A

rms

5/31

/201

311

Loan

Ter

ms

for H

igh

Bal

ance

Lim

its

•LTV

>12

5%›

15, 2

0, &

30

year

Fix

ed

•LTV

>10

5% <

= 12

5%›

15, 2

0, &

30

year

Fix

ed

•LTV

<=

105%

›10

, 15,

20,

& 3

0 ye

ar F

ixed

5/31

/201

312

AR

M L

oan

Term

s fo

r Hig

h B

alan

ce L

imits

•LTV

<=

105%

›5/

1 LI

BOR

Arm

s

›7/

1 LI

BOR

Arm

s

5/31

/201

313

LTV

/CLT

V Li

mita

tions

FIX

ED

Rat

e

5/31

/201

314

LTV

/CLT

V Li

mita

tions

FIX

ED

Rat

e

5/31

/201

315

LTV

/CLT

V L

imita

tions

AR

Ms

5/31

/201

316

Esc

row

Wai

vers

for P

rimar

y R

esid

ence

s

•The

follo

win

g cr

iteria

mus

t be

met

:›

Sam

e Se

rvic

er lo

ans

whe

re e

xist

ing

taxe

s an

d In

sura

nce

are

wai

ved,

OR

›LT

V <

= 80

%LT

V <

= 9

0% in

CA

LTV

< 8

0% in

NM

›M

inim

um 6

20 F

ICO

Sco

re›

Max

imum

45%

DTI

5/31

/201

317

Esc

row

Wai

vers

for S

econ

d H

omes

•The

follo

win

g cr

iteria

mus

t be

met

:›

Sam

e Se

rvic

er lo

ans

whe

re e

xist

ing

taxe

s an

d In

sura

nce

are

wai

ved,

OR

›LT

V <

= 80

%LT

V <

= 9

0% in

CA

›M

inim

um 6

20 F

ICO

Sco

re›

Max

imum

45%

DTI

5/31

/201

318

Esc

row

Wai

vers

for I

nves

tmen

t Pro

perti

es

•The

follo

win

g cr

iteria

mus

t be

met

:›

Sam

e Se

rvic

er lo

ans

whe

re e

xist

ing

taxe

s an

d In

sura

nce

are

wai

ved,

OR

›C

A LT

V <=

90%

AUS

and

Qua

lific

atio

nsAU

S an

d Q

ualif

icat

ions

5/31

/201

320

•Rat

e an

d Te

rm R

efin

ance

›Pa

y of

f of t

he e

xist

ing

first

mor

tgag

e on

ly.

Subo

rdin

ate

finan

cing

mus

t re-

subo

rdin

ate.

•D

U V

ersi

on 9

.0 w

ill be

upd

ated

to a

llow

for t

he s

imul

tane

ous

refin

anci

ng o

f a

subo

rdin

ate

lien

on D

U R

efi P

lus

case

file

s, p

rovi

ded

that

the

new

loan

am

ount

doe

s no

t exc

eed

the

exis

ting

unpa

id p

rinci

pal b

alan

ce o

f the

sub

ordi

nate

lien

.

Clo

sing

cos

ts, p

repa

id c

osts

and

dis

coun

t poi

nts.

(Del

inqu

ent t

axes

, esc

row

sh

orta

ge a

nd la

te fe

es c

an n

ow b

e in

clud

ed in

the

loan

am

ount

.)Th

e bo

rrow

er m

ay re

ceiv

e ca

sh b

ack

at c

losi

ng o

f no

mor

e th

an $

250.

•N

ot p

erm

itted

on

prop

ertie

s in

TX

›Pr

oper

ties

that

hav

e be

en li

sted

for s

ale

are

elig

ible

with

the

follo

win

g re

stric

tions

:Pr

oper

ty h

as b

een

take

n of

f the

mar

ket a

t lea

st o

ne d

ay p

rior t

oth

e ap

plic

atio

n da

te.

Borro

wer

con

firm

s th

e in

tent

to m

aint

ain

owne

rshi

p.

Tran

sact

ion

Type

5/31

/201

321

Elig

ible

Bor

row

ers

•US

Citi

zens

•Per

man

ent &

Non

-Per

man

ent R

esid

ent

Alie

ns›

If on

the

orig

inal

loan

, pro

of o

f res

iden

cy s

tatu

s is

not

requ

ired.

›

If no

t on

the

orig

inal

loan

, pro

vide

pro

of o

f res

iden

cy s

tatu

s.

•For

eign

Nat

iona

l is

not p

erm

itted

5/31

/201

322

Add

ing

or R

emov

ing

a Bo

rrow

er

•A b

orro

wer

may

be

adde

d or

rem

oved

pr

ovid

ed a

n or

igin

al b

orro

wer

rem

ains

on

the

new

loan

. ›

The

borro

wer

bei

ng re

mov

ed is

als

o re

mov

ed fr

om th

e de

ed

and

reta

ins

no o

wne

rshi

p in

the

prop

erty

5/31

/201

323

Qua

lifyi

ng a

nd R

atio

s

Wes

t Virg

inia

Max

imum

DTI

50%

Fixe

d R

ate

& LI

BOR

AR

MS

Fully

Am

ortiz

ing

Fixe

d R

ate

7/1

5/1

Qua

lify

at N

ote

rate

.Q

ualif

y us

ing

the

grea

ter o

f the

fully

-in

dexe

d, fu

lly-a

mor

tizin

g ra

te o

r Not

e ra

te

+ 2.

0%.

RA

TIO

S:

Will

be e

valu

ated

by

DU

5/31

/201

324

Cre

dit

•A

full

cred

it re

port

is re

quire

d fo

r eac

h ap

plic

ant o

n th

e lo

an•

No

min

imum

fico

sco

re is

requ

ired

›D

U w

ill e

valu

ate

elig

ibili

ty

•12

mon

th m

ortg

age

paym

ent h

isto

ry is

requ

ired

•N

o m

ore

than

90

days

may

hav

e el

apse

d fro

m th

e la

st

paid

dat

e of

the

mor

tgag

e to

the

date

of t

he c

redi

t re

port.

Cur

rent

mor

tgag

e pa

ymen

t his

tory

mus

t be

obta

ined

if m

ore

than

90

days

old

•Bo

rrow

ers

in a

n ac

tive

bank

rupt

cy a

re n

ot e

ligib

le

5/31

/201

325

Inco

me

Doc

umen

tatio

n R

equi

rem

ents

•Sam

e S

ervi

cer

›D

ocum

enta

tion

is re

quire

d to

con

firm

sou

rce

and

rece

ipt o

f inc

ome

›D

ocum

enta

tion

is n

ot re

quire

d to

con

firm

his

tory

of r

ecei

pt o

r co

ntin

uity

of i

ncom

e ›

Stan

dard

age

of d

ocum

enta

tion

requ

irem

ents

app

ly

5/31

/201

326

Inco

me

Doc

umen

tatio

n R

equi

rem

ents

•Non

-Sam

e S

ervi

cer

›D

ocum

enta

tion

is re

quire

d to

con

firm

sou

rce

and

rece

ipt o

f inc

ome

›D

ocum

enta

tion

is n

ot re

quire

d to

con

firm

his

tory

of r

ecei

pt a

nd c

ontin

uity

of

inco

me

›R

etai

n E

xecu

tion

of 4

506-

T an

d ob

tain

tax

trans

crip

t

›S

tand

ard

age

of d

ocum

enta

tion

requ

irem

ents

app

ly .

5/31

/201

327

Doc

umen

ting

Inco

me

per D

U 9

.0

•Em

ploy

men

t and

inco

me

mus

t be

stat

ed o

n th

e ap

plic

atio

n an

d ve

rifie

d!

Inco

me

Type

D

U R

efi P

lus

Doc

umen

tatio

n

Base

Pay

(sal

ary

or h

ourly

) Pa

ystu

b on

ly

Bonu

s an

d O

verti

me

Pays

tub

only

Com

mis

sion

Pay

stub

OR

Per

sona

l tax

retu

rn c

over

ing

mos

t rec

ent y

ear

Self-

Em

ploy

men

t Pe

rson

al ta

x re

turn

cov

erin

g m

ost r

ecen

t yea

r

Sec

ond

Job

Doc

umen

t per

Inco

me

type

Alim

ony

and

Chi

ld S

uppo

rtD

ivor

ce D

ecre

e, S

epar

atio

n ag

reem

ent,

Cou

rt O

rder

5/31

/201

328

Doc

umen

ting

Ass

ets

•A

sset

s fo

r clo

sing

mus

t be

stat

ed o

n th

e ap

plic

atio

n•

Ver

ifica

tion

of a

sset

s is

requ

ired

›M

ost r

ecen

t mon

thly

, qua

rterly

or a

nnua

l acc

ount

sta

tem

ent

•N

et a

sset

s m

ust b

e de

term

ined

for t

he fo

llow

ing:

›St

ocks

, bon

ds, m

utua

l fun

ds: D

educ

t 30%

of t

he v

alue

less

any

out

stan

ding

loan

s

›R

etire

men

t acc

ount

: Ded

uct 4

0% o

f the

ves

ted

amou

nt le

ss a

ny o

utst

andi

ng lo

ans

•R

equi

rem

ent f

or L

iqui

datio

n of

Ass

ets

›Pr

oof o

f liq

uida

tion

of a

sset

s (e

.g.,

sale

of s

tock

) is

not r

equi

red

even

if th

ose

asse

ts a

re

bein

g us

ed b

y th

e bo

rrow

er to

pay

clo

sing

cos

ts.

•R

equi

rem

ent f

or L

arge

Dep

osits

›An

exp

lana

tion

lette

r and

doc

umen

tatio

n fo

r lar

ge d

epos

its is

no

long

er re

quire

d. H

owev

er, i

f a

larg

e de

posi

t was

the

resu

lt of

a n

ew lo

an a

s id

entif

ied

by th

e LQ

I Rep

ort,

verif

icat

ion

of

term

s an

d in

clus

ion

in D

TI is

requ

ired.

5/31

/201

329

Occ

upan

cy T

ype

•Pr

imar

y R

esid

ence

•Se

cond

Hom

es

•In

vest

men

t Pro

perti

es

Occ

upan

cy o

f exi

stin

g lo

an d

oes

not

need

to b

e th

e sa

me

as n

ew lo

an.

5/31

/201

330

Elig

ible

Pro

perty

Typ

es

1-4

Uni

t

1 un

it P

UD

's

Con

do U

nit

Mod

ular

/ Pre

-Cut

Leas

ehol

d E

stat

es

Prop

ertie

s lo

cate

d in

New

Yor

k or

Haw

aii a

re n

ot p

erm

itted

.

5/31

/201

331

Con

dom

iniu

m P

roje

cts

•N

o pr

ojec

t rev

iew

requ

ired

›S

atis

fact

ory

verif

icat

ion

mus

t be

prov

ided

ver

ifyin

g su

bjec

t pro

ject

is n

ot

a C

ondo

Hot

el a

nd c

onfir

mat

ion

of h

azar

d, fl

ood

and

liabi

lity

insu

ranc

e co

vera

ge is

requ

ired.

•El

igib

le P

rope

rty T

ypes

for F

lorid

a C

ondo

s ›

Sam

e S

ervi

cer –

Prim

ary,

Sec

ond

Hom

es, a

nd In

vest

men

t Pro

perti

es

›N

on-S

ame

serv

icer

–P

rimar

y R

esid

ence

onl

y

5/31

/201

332

App

rais

als

–S

ame

Ser

vice

r

•An

Inte

rior a

nd E

xter

ior A

ppra

isal

Rep

ort

(For

m 1

004,

107

3, o

r 102

5) is

requ

ired

if a

PIW

Fin

ding

is n

ot a

vaila

ble.

›Th

e va

lue

mar

keta

bilit

y an

d co

nditi

on o

f the

sub

ject

pro

perty

m

ust m

eet g

uide

lines

. C

ondi

tion

ratin

gs C

1 th

roug

h C

6 an

d Q

ualit

y ra

tings

C1

thro

ugh

C6

are

elig

ible

.

App

rais

al re

ports

with

a C

5, C

6, o

r Q6

mus

t be

com

plet

ed w

ith a

n“a

s is

”

5/31

/201

333

App

rais

als

–N

ON

-S

ame

Ser

vice

r

•An

Inte

rior a

nd E

xter

ior A

ppra

isal

Rep

ort

(For

m 1

004,

107

3, o

r 102

5) is

requ

ired

if a

PIW

Fin

ding

is n

ot a

vaila

ble.

›Th

e va

lue

mar

keta

bilit

y an

d co

nditi

on o

f the

sub

ject

pro

perty

m

ust m

eet g

uide

lines

. C

ondi

tion

ratin

gs C

1 th

roug

h C

4 an

d Q

ualit

y ra

tings

C1

thro

ugh

C5

are

elig

ible

.

5/31

/201

334

App

rais

als

•Pro

perty

Fie

ldw

ork

Wai

vers

will

not

be

perm

itted

in th

e fo

llow

ing

scen

ario

s an

d w

ill

requ

ire F

ULL

Inte

rior/E

xter

ior A

ppra

isal

s:›

Ow

ner-o

ccup

ied

prop

ertie

s in

Kan

sas

with

an

LTV

exce

edin

g 10

0%›

Ow

ner-

occu

pied

or s

econ

d ho

me

prop

ertie

s in

Wes

t Virg

inia

›

Inve

stm

ent p

rope

rties

in T

exas

5/31

/201

335

Pro

perty

Fie

ldw

ork

Wai

ver

•Len

ders

may

NO

T ex

erci

se th

e pr

oper

ty

field

wor

k w

aive

r if:

›th

e le

nder

has

reas

on to

bel

ieve

that

an

appr

aisa

l is

war

rant

ed

base

d on

add

ition

al in

form

atio

n ob

tain

ed a

bout

the

prop

erty

(or)

›su

bseq

uent

eve

nts

such

as

a hu

rrica

ne o

r oth

er n

atur

al d

isas

ter

(or)

›N

ot e

ligib

le fo

r the

wai

ver p

er D

U

5/31

/201

336

Pro

perty

Fie

ldw

ork

Wai

ver

•If P

rope

rty F

ield

wor

k W

aive

r is

exer

cise

d, th

e lo

an m

ust b

e re

subm

itted

to D

U u

sing

the

estim

ated

val

ue p

rovi

ded

by D

U.

›Th

e bo

rrow

ers

estim

ate

of v

alue

or a

ny o

ther

val

ue o

btai

ned

for t

he

prop

erty

may

not

be

used

.

•Add

ition

al re

quire

men

ts o

f a P

rope

rty F

ield

wor

k W

aive

r:›

Acc

urat

e pr

oper

ty a

ddre

ss.

›Fi

nal D

U re

com

men

datio

n re

sulte

d in

a P

rope

rty F

ield

wor

k W

aive

r of

fer.

›M

ust b

e da

ted

with

in 9

0 da

ys o

f the

Not

e da

te.

›P

IW D

iscl

osur

e is

requ

ired.

5/31

/201

337

FEM

A M

ajor

Dis

aste

r Dec

lara

tion

Pol

icy

•S

ame

Ser

vice

r›

A re

-insp

ectio

n is

not

requ

ired

•N

on-S

ame

Ser

vice

r›

A re

-insp

ectio

n is

requ

ired

afte

r a M

ajor

Dis

aste

r Dec

lara

tion

›If

dam

age

is n

oted

an

inte

rior a

nd e

xter

ior i

nspe

ctio

n is

requ

ired

and

repa

irs

indi

cate

d by

the

appr

aise

r mus

t be

com

plet

ed p

rior t

o cl

osin

g

•S

ee th

e C

onve

ntio

nal A

ppra

isal

cha

pter

of t

he C

lient

G

uide

for c

ompl

ete

disa

ster

requ

irem

ents

.

5/31

/201

338

Mor

tgag

e In

sura

nce

•M

ortg

age

Insu

ranc

e is

not

requ

ired

if, e

ven

if th

e LT

V is

>

80%

if:

›th

e LT

V w

as <

80%

on

the

orig

inal

tran

sact

ion

›If

the

LTV

was

> 8

0% o

rigin

al tr

ansa

ctio

n an

d m

ortg

age

insu

ranc

ew

as

prev

ious

ly c

ance

lled

or te

rmin

ated

in a

ccor

danc

e w

ith F

NM

A.

•D

U w

ill is

sue

the

follo

win

g m

essa

ge o

r mes

sage

s:›

Fann

ie M

ae's

reco

rds

indi

cate

that

the

exis

ting

Fann

ie M

ae lo

an d

oes

not

curr

ently

hav

e m

ortg

age

insu

ranc

e co

vera

ge in

effe

ct. M

ortg

age

insu

ranc

e is

not

requ

ired

for t

his

DU

Ref

i Plu

s lo

an c

asef

ile.

(OR

)

›M

ortg

age

Insu

ranc

e is

not

requ

ired

for t

his

DU

Ref

i Plu

s lo

an c

asef

ile.

5/31

/201

339

DU

Mor

tgag

e In

sura

nce

Mes

sage

•M

ortg

age

Insu

ranc

e is

requ

ired

if:›

the

LTV

on

the

orig

inal

loan

and

the

new

LTV

is >

80%

and

the

MIo

n th

e ex

istin

g lo

an

was

nev

er c

ance

lled

or te

rmin

ated

.

•Le

nder

Pai

d M

I is

not e

ligib

le

•D

eleg

ated

Cor

resp

onde

nt C

lient

s un

derw

ritin

g an

d ob

tain

ing

mor

tgag

e in

sura

nce

›U

nite

d G

uara

nty

›G

enw

orth

›M

GIC

›R

adia

n

›Es

sent

Gua

rant

y

›C

MG

–Ac

cept

able

for C

redi

t Uni

ons

only

•G

reen

Tre

e w

ill ob

tain

mor

tgag

e in

sura

nce

for t

hose

Clie

nts

who

sub

mit

loan

s to

us

for u

nder

writ

ing

›M

GIC

-E

ssen

t Gua

rant

y

›R

adia

n

5/31

/201

340

New

Mor

tgag

e In

sura

nce

Req

uire

men

ts

•DO

/DU

will

indi

cate

the

leve

l of M

I cov

erag

e re

quire

d.

*SU

BJE

CT

TO M

I CO

MPA

NY

GU

IDEL

INE

S A

ND

APP

RO

VAL*

(Che

ck w

ith y

our M

I Par

tner

for r

equi

rem

ents

)

5/31

/201

341

Tran

sfer

of M

ortg

age

Insu

ranc

e

•Gre

en T

ree

allo

ws

MI "

trans

fers

" :

›M

onth

ly a

nd Z

ero

Mon

thly

›

Leve

l Ann

ual

›St

anda

rd A

nnua

l ›

Split

Pre

miu

m (w

ith o

r with

out o

ptio

ns)

›Si

ngle

Pre

miu

m

›Bo

rrow

er P

aid

MI (

BPM

I)

5/31

2013

42

Tran

sfer

of M

ortg

age

Insu

ranc

e•

For f

iles

sent

to G

reen

Tre

e fo

r Und

erw

ritin

g:›

Rad

ian

›M

GIC

*If tr

ansf

errin

g M

I tel

l us

on y

our U

/W s

ubm

issi

on c

over

pag

e*

5/31

/201

343

Tran

sfer

of M

ortg

age

Insu

ranc

e•F

or C

orre

spon

dent

Clie

nts

Und

erw

ritin

g th

eir

own

files

:›

MG

IC

›R

adia

n ›

Gen

wor

th

›U

GI

›R

MIC

›

PMI

5/31

/201

344

Und

erw

ritin

g A

utho

rity

•D

eleg

ated

›El

igib

le to

und

erw

rite

or s

end

to G

reen

Tre

e on

loan

s <=

$1,

000,

000

•C

ondi

tiona

l Del

egat

ed›

Req

uire

s A

ppro

ve/E

ligib

le re

com

men

datio

n

›Lo

an A

mou

nts

up to

$65

0,00

0

Hig

h B

alan

ce a

re n

ot e

ligib

le

›O

ther

wis

e su

bmit

to G

reen

Tre

e (in

clud

es E

A re

com

men

datio

ns)

•N

on-D

eleg

ated

Cor

resp

onde

nt a

nd W

hole

sale

›Su

bmit

to G

reen

Tre

e fo

r und

erw

ritin

g

5/31

/201

345

FAQ

’s•

Are

incr

ease

s to

the

borr

ower

s pa

ymen

t per

mitt

ed?

›O

nly

if a

mor

e st

able

pro

duct

(i.e

. AR

M to

Fix

ed, I

O to

fully

am

ortiz

ing,

sh

orte

r ter

m, e

tc) i

s ut

ilize

d. T

here

mus

t be

a ne

t tan

gibl

e be

nefit

.

•Is

the

borro

wer

per

mitt

ed to

get

reim

burs

ed fo

r ite

ms

paid

out

side

of

clos

ing,

in a

dditi

on to

the

$250

cas

h ba

ck?

›N

O! A

ny a

mou

nt e

xcee

ding

$25

0 w

ould

nee

d to

be

appl

ied

as a

pr

inci

pal c

urta

ilmen

t and

be

refle

cted

on

the

HU

D-1

Set

tlem

ent

Sta

tem

ent.

•If

I ini

tially

ran

my

loan

thro

ugh

DU

and

rece

ived

DU

Ref

i Plu

s Fi

ndin

gs,

can

I run

my

loan

thro

ugh

LP in

stea

d if

I nee

d a

Lim

ited

Cas

h O

ut R

efi?

›N

O! W

e do

not

allo

w it

to b

e fli

pped

to a

noth

er A

U.

›Yo

u m

ay c

hoos

e to

“opt

out

”of t

he D

U R

efi P

lus.

5/31

2013

46

Gre

en T

ree’

s D

U R

EFI

PLU

S Que

stio

ns?

5/31

/201

347

Furth

er In

form

atio

n

•R

efer

to:

›G

reen

Tre

e W

ebsi

tew

ww

.gtc

orre

spon

dent

.com

›Th

e C

lient

Gui

de

›P

rodu

ct M

atrix

•C

onta

ct:

›C

lient

Ser

vice

s

877-

700-

4622

, Opt

ion

9

Cor

resp

onde

nt_L

endi

ng@

gtor

igin

atio

ns.c

om

›Yo

ur S

ales

Dire

ctor

or A

ccou

nt E

xecu

tive