Non-Conforming Platinum Jumbo Product

Contents ELIGIBILITY MATRIX ..................................................................................................................................................... 1

ELIGIBLE PROPERTIES................................................................................................................................................... 2

INELIGIBLE PROPERTIES TYPES ................................................................................................................................ 2

ELIGIBLE BORROWERS.................................................................................................................................................. 2

MAXIMUM FINANCED PROPERTIES .......................................................................................................................... 3

APPRAISAL REQUIREMENTS........................................................................................................................................ 3

PROJECT WARRANTY STANDARDS............................................................................................................................ 3

GEOGRAPHIC RESTRICTIONS & INELIGIBLE STATES ........................................................................................ 4

STATE-SPECIFIC CRITERIA .......................................................................................................................................... 4

MORTGAGE INSURANCE................................................................................................................................................ 4

UNDERWRITING GUIDELINES...................................................................................................................................... 4

AGE OF CREDIT PACKAGE ............................................................................................................................................ 4

SELF-EMPLOYED INCOME............................................................................................................................................. 5

PASSIVE INCOME .............................................................................................................................................................. 5

RENTAL INCOME .............................................................................................................................................................. 5

DEBT RATIOS ..................................................................................................................................................................... 5

ASSET BASED INCOME....................................................................................................................................................6

PREPAYMENT PENALTY ................................................................................................................................................ 7

SALARIED INCOME ..........................................................................................................................................................7

ACCEPTABLE SOURCE OF FUNDS ...............................................................................................................................7

GIFT FUNDS ........................................................................................................................................................................ 8

INELIGIBLE ASSETS......................................................................................................................................................... 8

INTERESTED PARTY CONTRIBUTIONS .....................................................................................................................8

DISCLOSURES ....................................................................................................................................................................8

CLOSING PACKAGE REQUIREMENTS .......................................................................................................................8

RESERVES ......................................................................................................................................................................... 9

REFINANCE DEFINITIONS ........................................................................................................................................... 10

CONVERSION REFINACE.............................................................................................................................................. 11

CONSTRUCTION-TO-PERMANENT FINANCING ..................................................................................................... 11

4506-T................................................................................................................................................................................... 11

CREDIT REPORT & CREDIT SCORE .......................................................................................................................... 11

HOUSING PAYMENT HISTORY ................................................................................................................................... 11

MINIMUM CREDIT STANDARDS & ADVERSE CREDIT........................................................................................ 12

ESCROW WAIVERS......................................................................................................................................................... 12

FINANCING & SALES CONCESSIONS ........................................................................................................................ 13

HIGH COST LOANS ......................................................................................................................................................... 13

SUBORDINATE FINANCING ......................................................................................................................................... 13

HIGH PRICED LOANS..................................................................................................................................................... 13

BUYDOWNS ....................................................................................................................................................................... 13

POWER OF ATTORNEY ................................................................................................................................................. 13

ASSUMABILITY................................................................................................................................................................ 13

NOTES & RIDERS............................................................................................................................................................. 13

NON-CONFORMING RESIDENTIAL JUMBO PRODUCT

Lending Grid

Fixed-Rate and Hybrid Adjustable-Rate | All products are Fully-Amortizing (no balloons or IO’s)

Fixed Rate Features: 15 and 30 year ARM Features (30-year): Fully Amortizing 5/1 | Margin: 2.50% Caps: 2/2/5* | Index: 12m-LIBOR

Fully Amortizing 7/1, 10/1 | Margin: 2.50% Caps: 5/2/5* | Index: 12m-LIBOR *Initial Cap 2% (5/1s), and Initial Cap 5% (7/1s + 10/1s) / 2% Subsequent Initial Adjustment Cap / 5% Lifetime Cap (over initial rate)

80% Max LTV: Subject to 5% LTV/CLTV reduction; See underwriting guidelines below

ELIGIBILITY MATRIX Primary (1-Unit) UPB Range Max LTV *

Min FICO Reserves (Months) DTI

Purchase / Rate Term

$417,001-$1.0 Million 80% 720 9 43% $417,001-$1.0 Million 75% 700 9 43%

$1,000,001-$1.5 Million 80% 740 18 43% $1,000,001-$1.5 Million 75% 720 18 43% $1,500,001-$2.0 Million 70% 720 12 43% $2,000,001-$2.5 Million 65% 720 12 43%

Primary (1-Unit):

Cash-Out

$417,001-$1.0 Million 75% 700 9 43% $1,000,001-$1.5 Million 70% 700 9 43% $1,500,001-$2.0 Million 55% 720 12 43%

Second Home:

Purchase / Rate Term

$417,001-$1.0 Million 75% 720 9 43% $1,000,001-$1.5 Million 70% 720 9 43% $1,500,001-$2.0 Million 65% 720 12 43%

Second Home:

Cash-Out

$417,001-$1.0 Million 70% 700 12 40% $1,000,001-$1.5 Million 65% 700 12 40% $1,500,001-$2.0 Million 50% 720 12 40%

Primary (2-Unit):

Purchase / Rate Term

$417,001-$1.0 Million 70% 700 12 40% $1,000,001-$1.5 Million 65% 700 12 40% $1,500,001-$2.0 Million 50% 720 12 40%

Primary (2-Unit):

Cash-Out

$417,001-$1.0 Million 70% 700 12 40% $1,000,001-$1.5 Million 65% 700 12 40% $1,500,001-$2.0 Million 50% 720 12 40%

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ELIGIBLE PROPERTIES

Primary (1-Unit) / Second Home: Detached and Attached Single Family; Eligible Condos and PUDs(1)

Primary (2-Unit) Owner-Occupied Only(2): Detached 2-Unit Purchase and Refinance transactions eligible to Maximum LTV/CLTV offered except in Soft Market areas (3)

Cash-Out Restrictions: Cash proceeds (outside of payment of liens secured by subject property) are permitted and should not exceed $300,000; Primary and Second Homes only; Purchase and Refinance transactions eligible to Maximum LTV/CLTV offered except in Soft Market areas(3)

(1) Eligible Condos and Planned Unit Developments (PUDs) Project must meet FNMA Limited Project Review criteria

(2) 2-unit detached must be owner occupied (3) Subject to 5% LTV/CLTV reduction

INELIGIBLE PROPERTY TYPES

3-4 unit properties Mixed use properties Leaseholds, Manufactured Homes, or Mobile Homes Unwarrantable Condo, Cooperatives, or Condotels Unimproved Land and property currently in litigation Log homes, Timeshares, or Geodesic Domes Working farm and Ranches Properties with < 750 Sq. feet of living area, or > 10-acres Properties held in a business name Commercial Enterprise (e.g.: Hotel, Bed and Breakfast, Boarding House) Properties with encroachments Zoning violations including residential properties zoned commercial Non arm’s length transaction defined as a pre-existing relationship between the buyer and seller

ELIGIBLE BORROWERS

U.S. Citizen All Borrowers must have a valid social security number Irrevocable Trust limited / General Partnership and Corporations are not permitted Inter Vivos Revocable Trust (revocable at any time by the Trustor) Permanent Resident Aliens: with proof of lawful permanent residence plus 24 months United States employment history Non-Permanent Resident Aliens Non-Permanent Resident: Allowed with proof of lawful permanent residence plus 24-months United States employment history

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MAXIMUM FINANCED

PROPERTIES

Maximum of four (4) financed properties for all occupancies per loan Borrowers with greater than two financed properties are required at least 18 months reserves

APPRAISAL REQUIREMENTS

UPB $417,001 to $1,500,000:

One Full URAR for loan amounts up to and including $1,500,000 (e.g. Form 1004, Form 1073) All appraisals will be subject to the Oaktree Funding appraisal review process.

UPB $1,500,001+:

Two Full URARs for loan amounts > $1,500,001 it is recommended (but not required) to send appraisals in to Oaktree Funding for appraisal review for prior to close LTV will be based on the lower of (i) the Two Full URARs, and (ii) for purchase money loans, the purchase price, subject to Oaktree Funding appraisal review process.

Appraisal Standards:

All appraisers must hold at least the minimum required state license and a copy of the license must be submitted with the appraisal. Appraisals must be completed in compliance with FIRREA/USPAP and all applicable regulatory requirements. 1004MC required. On Purchase transactions, the appraiser must review the sales contract. Appraisal 1st generation PDF required. Oaktree Funding will purchase loans secured by properties with “unpermitted” structural additions under the following circumstances: The subject additions complies with all investor guidelines. The quality of the work is described in the appraisal and deemed acceptable (“workmanlike quality”) by the appraiser. The addition does not result in a change in the number of units comprising the subject property (e.g., 1-unit property, converted in to a 2- unit property). If the appraiser gives the unpermitted addition value, the appraiser must be able to demonstrate market acceptance by the use of comparable sales with similar addition and state the following in the appraisal: Non permitted additions are typical for the market area and a typical buyer would consider the “unpermitted “addition square footage to be part of the overall square footage of the property. The appraiser has no reason to believe the addition would not pass inspection for a permit.

PROJECT WARRANTY

STANDARDS

Condominiums must be warrantable Refer to FNMA guidelines for the requirements of warrantability Oaktree Funding will not purchase non-warrantable condos

GEOGRAPHIC RESTRICTIONS &

INELIGIBLE STATES

Max LTV/CLTV reduced by 5% when:

Appraisal indicates in the Neighborhood Section Housing Trends or 1004MC Median Comparable Sale Price that property values are declining

Ineligible States: Massachusetts & All other states Oaktree Funding is not licensed to do business.

STATE-SPECIFIC CRITERIA:

TEXAS REFINANCES (NO CASH-OUT ONLY)

Refinances in the state of Texas are eligible. If the current loan is a Texas 50(a)(6) the refinance must meet Texas Regulation 50 (a)(6)

This allows a prior Cash-Out refinance under Texas law to be refinanced as a No Cash-Out refinance with no ($0.00) cash out to the borrower but must follow existing Texas Cash Out procedures

MORTGAGE INSURANCE

Not applicable (80% Max LTV):

Insured LTVs (over 80%) are not eligible for this program.

UNDERWRITING GUIDELINES

Full documentation only

This product is manually underwritten (DU/LP not required) If a topic is not specifically addressed within this product description or the FNMA Selling Guide policies will apply All loans must satisfy stable monthly income, ratios, assets, reserves and acceptable credit reputation guidelines.

AGE OF CREDIT PACKAGE

Credit Package (Max Age)

Purchase or Refinance: 90-days to the Note date

Proposed and New Construction: 120-days to the Note date

SELF-EMPLOYED INCOME

REQUIREMENTS

Self-Employment:

Minimum 3-year history of self-employment in the same business (1)

Declining income trends are generally not acceptable Most recent three-years (3) IRS Tax Return Transcript Most recent two-years (2) business tax returns with all schedules Most recent two-years (2) IRS Form 1040 with all schedules (2)

(1) To ensure the credit file can document and verify a sustainable and consistent (or increasing) business earnings trend to qualify the applicant(s) (2) If the most recent IRS 1040 Form is older than 90-days, a statement of P&L covering the period between (i) the end of the most recent tax return year through (ii) present date is required

PASSIVE INCOME REQUIREMENTS

Passive-Income:

A minimum two-year (2) history of receiving passive income from the same source is required Verification of existence of current portfolio generating passive income to support continuance for three or more (>=3) years Most recent two-years (2) IRS Form 1040 with all schedules Most recent two-years (2) IRS Tax Return Transcript

RENTAL INCOME REQUIREMENTS

(INCOME PROPERTY)

Rental Income:

Borrower must qualify using the sum of the full PITI on all properties with no negative equity (verified by Zillow/Trulia web searches or a Oaktree Funding approved AVM);

-OR- Borrower must demonstrate (2) prior rental history with IRS Schedule E (Form 1040) for at least two years, and (2) have at least 10% market equity (tools defined above) on all ORE (Other Real Estate) in order to use and calculate rental income.

Verified equity position on REO should be dated within 60- days to the Note.

Refer to Reserve section for additional reserve requirements.

DEBT RATIOS

Refer to Eligibility Matrix

Note: DTI(1) calculation on Hybrid ARMs for QM(2) purposes qualify at: Hybrid 5 = QUALIFY @ ∑ hybrid initial start rate + 5% Life Cap Hybrid 7+10 = QUALIFY @ hybrid initial start rate (1) Maximum back-end Debt-to-income (DTI) ratio limit is 43% (2) Based on the current Qualified Mortgage (QM) Rule issued by the CFPB

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Asset amortization is a calculation used to generate a monthly income stream from a borrower’s personal assets. The eligible borrower should be of retirement age (59½>) to use this income & not be full-time employed. It can be combined with other income such as Social Security, Pension or other investment income only.

ASSET BASED INCOME (ASSET AMORTIZATION)

REQUIREMENTS

Eligibility Requirements: Max. 70% LTV/CLTV for Primary Residence & Second Homes Only. Borrower and Co-borrower must be individual or co-owners of all asset accts with no other account holders listed on the documentation. 100% of eligible assets must be verified using a calculation period of 30 yrs. All assets must be in a U.S. financial institution- No Foreign Assets Borrower and Co-borrower must have full unrestricted access to the funds and joint accounts to be used must have both account holders on the loan. The sum of eligible assets as defined are net of any discounts & minus any funds used for closing and/or minimum reserves required for the program. Other reported earnings from Capital Gains or INT/DIV already considered & averaged as “effective income” cannot be included or double counted.

Eligible Asset Types: Considered assets must be comprised of the following readily marketable assets which must be available to the borrower with no penalty & is limited as follows:

Bank Deposits – Checking, Saving, Money Market accounts – 100% Publicly traded stocks & bonds – 65% (stock options not allowed) Mutual Funds – 65% Retirement Accounts – 401(K)plans or IRA, SEP or KEOGH accounts – 65% (can only be used if distribution is not already set up)

Asset Amortization Calculation Policy: Eligible asset amount to be amortized over a 360 month period. (30 YR) Rate of return is the 1 YR LIBOR index as published within the Wall Street Journal

SALARIED INCOME

REQUIREMENTS

Full Documentation Program – Required Standards:

4506-T signed at application and closing, is required for all transactions Most recent YTD paystubs covering at least 30-days and two years W2’s

Two years personal tax returns when the borrower has twenty-five percent or more (>=25%) ownership interest in the business.

All income documentation must be dated within 90-days of the date the notice signed

Most recent two years (2) tax transcripts are required for each borrower whose income is utilized as a source of repayment

Generally, when the documentation use to verify income is from the same calendar period as the tax transcripts, the information must match exactly (1)

(1) If the income documentation is from the current calendar year and the transcripts are from a previous year there can be acceptable variances. If this variance exceeds 20% document the rationale for using current income. W2 Transcripts do not satisfy this requirement. If tax transcripts are not available (due to recent filing) a copy of the IRS notice showing “No records of returns filed” is required all with documented acknowledgment receipt (such as IRS officially stamp tax returns or evidence that the return was electronically received or extensions) from the IRS and the previous two years tax transcripts.

Verbal verification required for all borrowers. Within 5-business days prior to closing for salaried borrowers. Within 30-calendar days prior to closing for self-employed.

ACCEPTABLE SOURCE OF FUNDS

Business Funds are not eligible for this program

All funds for reserves must come from borrowers own demonstrated savings

If using gift fund:

The borrower is required to meet a 5% minimum down payment from his or her own personal funds for all purchase transactions. All borrower funds must be documented with two most recent months’ asset statements or VOD covering a minimum of 60 consecutive days. All unusual large deposits must be explained and source must be documented. Verify the borrower’s actual receipt of the funds realized from sale or liquidation when non-liquid assets are used for any part of the down-payment or required cash to close

GIFT FUNDS

Gift funds are permitted subject to the following criteria: Primary residence purchase money transactions only Minimum down payment is 20% (max 80% LTV): First 5% of down payment must come from borrower’s own personal funds Once the first 5% of the buyer's own funds are verified, a gift can be used for the remaining down payment and closing costs

Notes:

Gift funds are not allowed to meet reserve requirements. Gift funds can be applied towards closing costs/pre-paids above minimum required investment. Gift letter, signed by the donor that includes the amount of the gift, date the funds were transferred, a statement that no repayment is expected, the donor’s name/address/phone number and relationship to the borrower source of funds. The loan file must verify that sufficient funds to cover the gift were in the donor’s account and have been transferred to the borrower’s account prior to closing. Gift funds may not be transferred at the settlement table.

INELIGIBLE ASSETS Business Funds

INTERESTED PARTY CONTRIBUTIONS

The property seller or any interested party (builder, developer, lender, real estate agent or any of their affiliates) can pay closing costs, prepaid items and escrows.

All contributions are based on the CLTV of each loan.

Primary and Second Homes: ≤ 80% - 6%

DISCLOSURES

Fully Amortized Fixed Rate: Standard Disclosure Package as required by state and federal regulations

Hybrid ARMS: 5/1, 7/1, 10/1 ARM: Standard Disclosure Package as required by state and federal regulations

CLOSING PACKAGE REQUIREMENTS

All products are fully amortizing

Fixed Rate: Conventional Fixed Rate as required by FNMA, state and federal regulations

Hybrid ARMs: 5/1, 7/1, 10/1 ARM: Conventional ARM as required by FNMA, State and federal regulations

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Reserves required for the subject property are based on the loan amount as follows:

Loan Amount

LTV Required PITIA Reserves (months)

$417,001* - $1,000,000 80% 9 $417,001* - $1,000,000 75% 9 $1,000,001 -$1,500,000 80% 18 $1,000,001 -$1,500,000 75% 18 $1,500,001 -$2,000,000 70% 12 $2,000,001 -$2,500,000 65% 12

RESERVES

For required minimum FICO Score see ELIGIBILITY MATRIX Reserve funds must be verified with 2 consecutive months’ bank statements or

VOD All reserves are calculated on the Note Rate for all loan types using the full

Principal, Interest, Taxes, Insurance, Assessments (“PITIA”) payment Mandatory Data Requirement: The required number of months of PITIA reserves

on the subject property must be manually calculated and input into the front end system on every loan prior to final loan approval

In addition to the minimum reserves required for the subject property, 6 months PITIA reserves is required for each additional property owned by all borrowers

Acceptable PITIA Documentation: The minimum documentation to correctly verify the full PITIA payment should be from one of the following sources:

1) Current monthly mortgage statement; 2) Copy of Homeowners insurance policy; 3) Copy of recent tax bill or web search to taxing authority; 4) copy of mortgage note, etc.

Defined Acceptable Reserve Accounts

The types of assets that can be used for reserves and the value of those funds are as follows:

Account/Asset Type Eligibility Checking/Savings/Money Market 100% Publicly traded stocks, bonds and mutual funds 65% IRAs; SEP or Keogh accounts 65% / 100%(1)

Annuities 65% / 100%(1)

Vested amount of 401(k) Plans 65%(2)

Trust Assets Up to 100% (3)

(1) 100% of the account value may be used for borrowers aged ≥ 59 ½ (2) 65% of the vested amount; No more than 50% of the total reserve requirement may come from

401(k). The terms and conditions under which funds may be withdrawn or borrowed must be verified

(3) Borrower/Co-Borrower must have full access to consider; Copy of complete trust or trustee letter

is required

REFINANCE DEFINITIONS

PLEASE NOTE: NON-FNMA STANDARD

Limited Cash-Out Refinance: Pay off of 1st lien Pay off in whole, the outstanding principal balance of the existing subordinate mortgage that was used to acquire the subject property (purchase money 2nd lien only) OR Pay off in whole the outstanding principal balance of a 12 month seasoned closed- end mortgage as of the Note Date OR Pay off of any subordinate HELOC with cumulative draws <$2000 in the past 12 months as of the Note Date OR If HELOC draws total more than $2000 in past 12 months, then the borrower must confirm and provide documentation on property improvements. Pay related closing costs and prepaid items The inclusion of any delinquent property taxes, HOA dues, tax liens, garnishments, or judgments is not eligible and should not be included in the new loan amount. Disbursed cash-out to borrower not to exceed 2% or $2,000, whichever is less If a prior Cash-Out transaction (as determined by the HUD-1) is now being refinanced as a Limited Cash-Out refinance within 6 months of the prior transaction (as determined by the Note date), it will be considered a Cash-Out Refinance. Borrower must have 12 months minimum ownership to base LTV on appraised value, otherwise the lesser of purchase price or current appraised value will be used. The ownership date is measured from date of acquisition (HUD-1 closing date) to date of application.

Cash Out Refinance:

Pay off of liens secured by the subject property only, to include unseasoned (i.e. open less than 12 months) junior liens exceeding the 2% or $2,000 draw limit. Cash proceeds (outside of payment of liens secured by the subject property) are permitted and should not exceed $300,000. Proceeds may be disbursed directly to the borrower(s) or any other payee. Pay related closing costs, financing costs, and prepaid items; Cash out refinances on properties located in Texas are ineligible.

Seasoning for Cash Out Refinance:

Borrower must have 12-month minimum ownership to base LTV on appraised value; otherwise the lesser of purchase price or current appraised value will be used. The ownership date is measured from the date of acquisition (HUD-1 closing date) to date of application

CONVERSION REFINACE

CONSTRUCTION-TO- PERMANENT FINANCING

Oaktree Funding can originate a mortgage in which the loan proceeds pay off interim construction financing of a single family residence. This is called a “conversion of construction financing to permanent financing”.

All loans must meet the standards as set forth below. Oaktree Funding does not offer Single-Closing Construction-to-Permanent Financing.

TRANSACTION DEFINITION STANDARDS

All transactions will be treated as a Refinance.

Limited Cash-Out: Borrower(s) must have legal title to land prior to application and must be named as borrower on construction financing.

LTV/CLTV/HCLTV Ratios: Are based on the “as-completed” appraised value regardless of the length of time the borrower has owned the lot. Underwriting reserves the right to ask for additional documentation for cost, etc. when warranted.

It is necessary to choose Const/Perm as the Loan Purpose in the loan origination system and to complete the Purpose of Refinance field in order to ensure accurate loan delivery.

4506-T

Required for all loans. Most recently filed: Salaried: 2 years of IRS tax return transcripts

Self-Employed: 3 years of IRS tax return transcripts

CREDIT REPORT & CREDIT

SCORE REQUIREMENTS

Credit Report Requirements A full residential mortgage credit report (RMCR) or Tri-Merged in-file conforming to FNMA/FHLMC requirements should be used

Credit Score Requirements The RMCR or tri-merged in-file should reflect credit scores from all 3 repositories and meet the minimum program standards as follows:

Minimum FICO for all qualifying borrowers see product ELIGIBILITY MATRIX

HOUSING PAYMENT HISTORY

If not contained within the credit report, the following documentation must be provided by a third party:

VOM - A 24 month minimum mortgage payment history is required to reflect no late payments in the last 24-months. VOR - A 12 month minimum rental payment history is required to reflect no late payments in the last 12-months.

MINIMUM CREDIT STANDARDS

AND ADVERSE CREDIT POLICY

Minimum Credit Standards: Credit score will be considered valid only if it is comprised of:

Non-First Time Home-Buyers: Minimum of 10-active and open trade lines, of which (i) minimum of 3-trade lines open for at least 36-months; and (ii) 1- prior satisfactory mortgage payment history.

First Time Home-Buyers: Minimum of 3-active and open trade lines, all of which are established for both (i) minimum of 36-months; and (ii) satisfactory VOR for the prior 24-months.

Adverse Credit Policy: In addition to the minimum credit standards and score requirements, the following adverse credit standards apply:

No public records within the last 24 months No bankruptcies or foreclosures , short sales, deed in lieu of and modification within the last 7 years No significant derogatory ratings on any trade line activity within the last 36 months (including installment or revolving accounts)

ESCROW WAIVERS

California (CA):

Escrows may be waived at the borrowers request without conditions There are no other underwriting conditions or overlays that apply for loans in CA

All other States: May be waived at the borrowers request, subject to underwriting review (1)

(1)Underwriting Review Criteria

Escrow waiver requests are subject to underwriting review and approval per the following criteria:

Refer to Matrix:

Maximum DTI refer to Matrix A review of the title work for evidence of tax liens or other evidence of failure to pay tax obligations. File cannot reflect evidence of lapsed hazard insurance coverage

Loan documentation should support a history of timely independent payment of escrow items. Borrowers with a prior history of delinquent taxes or lapses in homeowner’s coverage are not eligible to waive escrows.

FINANCING & SALES CONCESSIONS

Interested Party Contributions are allowed in accordance with Fannie Mae Standards 6% of value with LTV/CLTV ratios less than or equal to 80%

Amounts in excess of these limits must be deducted from the lower of sales price or appraised value when calculating the LTV

HIGH COST

LOANS

Oaktree Funding will not purchase High cost loans

SUBORDINATE FINANCING

Not allowed

HIGH PRICED

LOANS

Oaktree Funding will not purchase High price loans on this Program

BUYDOWNS

Ineligible

POWER OF ATTORNEY

Eligible with prior approval by Oaktree Funding & Take Out Investor

ASSUMABILITY

Not allowed

NOTES & RIDERS

All products are fully amortizing Fixed Rate: Multistate Fixed Rate Note #3200 (or state specific as required)

Hybrid ARM (5/1, 7/1 & 10/1 ARM): Note 3528 & Rider 3187