First franklin Subprime Wholesale Rate Sheet - July 10 2006

1. FIRST MORTGAGE ARM WHOLESALE RATE SHEET SECOND MORTGAGE COMBO PROGRAMS
2 YR. FIXED / 2 YR. PRE-PAY ( 3/1/6% CAPS) (FULL AMORT/BALLOON)
FULL DOC
2:1 up to 1.50
Credit PERIOD FEE UP FRONT FEE Credit 80% 1st
Score 100-95.01 95-90.01 90-85.01 85-80.01 80-75.01 75-70.01 70-65.01 <65 60 Day Lock 0.50 0.50 Score Lien* 100% CLTV 95% CLTV 90% CLTV 85 % CLTV < 80% CLTV
>700 7.75 7.25 7.25 7.00 6.50 6.40 6.25 6.15 90 Day Lock 1.00 1.00 >700 6.65 9.20 8.45 8.20 7.95 7.60
680-699 8.00 7.50 7.40 7.15 6.65 6.65 6.50 6.40 180 Day Lock 2.50 1.00 680-699 6.80 9.60 8.85 8.60 8.35 8.10
660-679 8.10 7.75 7.50 7.25 6.75 6.75 6.75 6.65 660-679 6.90 10.10 9.35 9.10 8.85 8.60
640-659 8.35 7.90 7.75 7.50 7.00 7.00 6.90 6.75 640-659 7.15 10.85 10.10 9.85 9.60 8.95
630-639 9.00 8.25 8.00 7.75 7.25 7.25 7.10 7.00 620-639 7.40 11.45 10.70 10.45 10.20 9.60
620-629 9.00 8.25 8.00 7.75 7.25 7.25 7.15 7.00 30 Day Lock 0.00 600-619 7.50 11.95 11.20 10.70 10.35 9.70
610-619 9.25 8.50 8.15 7.90 7.35 7.35 7.25 7.15 45 Day Lock (add to rate) 0.15
600-609 9.25 8.50 8.15 7.90 7.35 7.35 7.25 7.15
590-599 10.25 8.50 8.25 8.00 7.60 7.50 7.40 7.25
580-589 10.50 8.65 8.65 8.00 7.65 7.65 7.50 7.40 6 Mo. 1/29 & 2/28 3/27 5/25 NIV
570-579 8.75 8.00 7.65 7.65 7.50 7.40 3 Yr Prepay (0.35) (0.35) 0.00 0.00 Credit 80% 1st
560-569 9.00 8.15 7.90 7.75 7.65 7.50 2 Yr Prepay 0.00 0.00 0.35 0.35 Score Lien* 100% CLTV 95% CLTV 90% CLTV 85% CLTV < 80% CLTV
550-559 8.75 8.50 8.25 8.00 7.90 1 Yr Prepay 0.65 0.65 0.65 0.65 >700 7.30 9.45 8.70 8.45 8.20 7.85
540-549 8.90 8.50 8.25 8.00 7.90 0 Yr Prepay 1.00 1.00 1.00 1.00 680-699 7.40 9.85 9.10 8.85 8.60 8.35
MARGIN 6.40 6.40 5.90 5.90 5.40 5.40 5.40 5.40 660-679 7.55 10.60 9.85 9.60 9.35 9.10
640-659 7.75 11.35 10.60 10.35 10.10 9.45
1:1 from 1.55 to 2.00 YSP
2:1 BUYDOWN your local Account Executive.)
Lock Period
(MAX = 0.75 IN RATE)
PREPAYMENT PENALTY
Max YSP = 2.00%
BUYDOWNS
ADJUSTMENTS TO RATE
6 Mo Libor (5511) (1/1/6% CAPS)(*adjust rate & margin) (0.50)*
RAPID PURCHASE / RAPID REFI
Blended Rate
80/20*
7.16
7.89
8.39
80/20*
7.73
8.16
8.47
Credit 1 Yr Fixed (5515) (2/1/6% CAPS) (0.25)
Score 100-95.01 95-90.01 90-85.01 85-80.01 80-75.01 75-70.01 70-65.01 <65 3 Yr Fixed (5514) 0.00
>700 8.25 7.75 7.75 7.50 7.00 6.85 6.75 6.65 5 Yr Fixed (5519) 0.35 All loans must be funded at PAR or at a discount.
680-699 8.50 8.00 7.85 7.65 7.15 7.15 7.00 6.90 103% LTV 0.25 FULL DOC MINIMUM CREDIT SCORE =600 Buydowns = 3:1
660-679 8.75 8.40 8.10 7.90 7.35 7.35 7.35 7.25 Best Score (Add does not apply to NIV) 0.25 NIV DOC MINIMUM CREDIT SCORE = 640 Maximum Discount = 1.00% in rate.
640-659 9.00 8.50 8.40 8.10 7.60 7.60 7.50 7.40 Products
BALLOON FINANCING AVAILABLE TO 100% cltv Yield Spread Premium is not available.
630-639 9.60 8.85 8.65 8.40 7.90 7.90 7.75 7.65 Fico >660 Fico 600-659 Fico <600 (use code 5521 for balloon product)
620-629 9.60 8.85 8.65 8.40 7.90 7.90 7.75 7.65 40 yr Amort. (I/O N/A) 0.10 0.10 0.20 1 Yr Prepay 0.25
610-619 10.00 9.25 8.90 8.65 8.10 8.10 8.00 7.90 50 yr Amort. (I/O N/A) 0.20 0.25 0.35 Combo's only, no stand-alone 2nds. 0 Yr Prepay 0.55
600-609 10.00 9.25 8.90 8.65 8.10 8.10 8.00 7.90 Interest Only 0.25 0.50 0.75 Minimum loan amount: $10,000.
590-599 9.00 8.75 8.35 8.25 8.15 8.00 Doc Type
N/O/O or 2nd Homes not eligible for subordinate financing. LIV 0.50
580-589 9.40 8.75 8.40 8.40 8.25 8.15 NIV Wage Earner 0.25 Rural Properties not eligible for subordinate financing. 12 month bank statements 600-639 0.25
570-579 9.50 8.75 8.40 8.40 8.25 8.15 LIV 0.25
560-569 9.75 8.90 8.65 8.50 8.40 8.25 Stated Plus/Blended Access 0.65 ~If first mortgage is 30 year amort., use 30/20 or 30/15 or 30/10 FOR DTI < 45.49% > 640 -0.50
550-559 9.50 9.25 9.00 8.75 8.65 ~If first mortgage is 30/15 balloon, use 30/10 only 600-639 -1.00
540-549 9.65 9.25 9.00 8.75 8.65 Refi & LTV > 95% or CLTV > 95% (excludes Rapid Refi) 0.50
MARGIN 6.40 6.40 5.90 5.90 5.40 5.40 5.40 5.40 Combo & CLTV > 90% 0.15
Occupancy
N/O/O or 2nd Home & LTV < 80% 0.25
Credit N/O/O or 2nd Home & LTV > 80% 0.50
Score 100-95.01 95-90.01 90-85.01 85-80.01 80-75.01 75-70.01 70-65.01 <65
>700 8.40 7.90 7.90 7.65 7.15 7.00 6.90 6.75 Condo* 0.25
680-699 8.65 8.15 8.00 7.75 7.25 7.25 7.15 7.00
660-679 8.75 8.40 8.15 7.90 7.40 7.40 7.35 7.25 3-4 Units 0.25
640-659 9.00 8.50 8.40 8.15 7.60 7.60 7.50 7.40
630-639 9.00 8.75 8.25 8.25 8.15 8.00 < $80K* 0.25
620-629 9.00 8.75 8.25 8.25 8.15 8.00
610-619 9.15 8.90 8.40 8.40 8.25 8.15 > $1.2M - $1.35M 0.35
600-609 9.15 8.90 8.40 8.40 8.25 8.15 > $1.35M* 0.75
590-599 8.65 8.50 8.40 8.25 *Restrictions apply. Please contact your local Account Executive.
580-589 8.65 8.65 8.50 8.40 Other
570-579 8.65 8.50 8.40 Bankruptcy/Foreclosure <12 mnth. Seasoning 0.25
560-569 8.75 8.65 8.50
550-559
540-549
MARGIN 6.40 6.40 5.90 5.90 5.40 5.40 5.40 5.40
2ND MTG RATE ADD-ON ONLY
BUYDOWNS
PREPAYMENT PENALTY BUYDOWN
EasyWriter Special
* 0 PREPAY LOANS NOT ELIGIBLE FOR YSP
DTI SPECIAL (Not available for NIV)
JULY PURCHASE SPECIAL
(-.50) RATE REDUCTION
BRANCH CONTACT INFORMATION
Bay Area Wholesale
RATE ADD-ON
900 E. Hamilton Ave, Suite #350, Campbell, CA 95008
Toll Free (800) 464-9425
Property Type
*First Time Home Buyer Special; No add < $80K
*100% COMBO HELOC AVAILABLE FOR FULL DOC & LIV.
Loan Amt
*IF YOU ARE NOT AN EASYWRITER CUSTOMER,
SEE YOUR AE FOR DETAILS
**Special will be applied by FF underwriter** **(Cannot be combined with First Time Home Buyer Special)
*First Time Home Buyer Special; No add for Condo
(- 0.15) OFF IN RATE OR <.30> YSP*
Loan Purpose
FILE MUST BE SUBMITTED USING EASYWRITER AVAILABLE FOR ALL DOC TYPES
EXTENDED LOCK
LTV RANGES
Prepayment Penalty (No YSP Pricing on No Prepay Loans)
7.36
7.54
8.21
2ND MTG NOTES
LTV RANGES
PREPAYMENT PENALTY: 2 YEARS
*Combo add included
(Restrictions apply. Please contact
FIRST MORTGAGE
Program
FULL DOC YSP MATRIX
LTV RANGES
NIV
LTV RANGES
July 10, 2006
Blended Rate
PREPAYMENT PENALTY: 2 YEARS
7.89
LTV RANGES
SECOND MORTGAGE
*Combo add included
Requires: 600-679 Fico; Purchase Only
INTEREST ONLY AND 40 YEAR & 50 YEAR
PRODUCTS ALLOWED
NIV Wage Earner
add 0.250
add 0.25
This information is intended for use by real estate professionals only, and is not to be distributed to the general public. All loan programs, terms and rates are subject to change without notice. Additional terms and conditions may apply. Loan approval, rate and terms
are dependent on your borrower’s credit score and financial history. © 2005 First Franklin. All rights reserved. First Franklin is an equal housing lender. First Franklin is a division of National City Bank of Indiana. The corporate office is located at 2150 North First Street,
San Jose, CA 95131. Loan programs are not available in Alaska and Hawaii.

2. FIRST MORTGAGE FIXED WHOLESALE RATE SHEET SECOND MORTGAGE COMBO PROGRAMS
30 YR. FIXED & 30/15 BLN / 3 YR. PRE-PAY (FULL AMORT/BALLOON)
FULL DOC
Credit PERIOD FEE UP FRONT FEE Credit 80% 1st
Score 100-95.01 95-90.01 90-85.01 85-80.01 80-75.01 75-70.01 70-65.01 <65 60 Day Lock 0.50 0.50 Score Lien* 100% CLTV 95% CLTV 90% CLTV 85% CLTV < 80% CLTV
>700 8.25 7.75 7.75 7.50 7.20 7.20 7.10 7.10 90 Day Lock 1.00 1.00 >700 7.35 9.20 8.45 8.20 7.95 7.60
680-699 8.50 8.00 7.90 7.65 7.25 7.25 7.10 7.10 180 Day Lock 2.50 1.00 680-699 7.40 9.60 8.85 8.60 8.35 8.10
660-679 8.50 8.00 8.00 7.75 7.35 7.35 7.35 7.20 660-679 7.50 10.10 9.35 9.10 8.85 8.60
640-659 8.90 8.25 8.25 8.00 7.60 7.60 7.50 7.35 640-659 7.75 10.85 10.10 9.85 9.60 8.95
630-639 9.00 8.50 8.50 8.25 7.85 7.85 7.70 7.60 620-639 8.00 11.45 10.70 10.45 10.20 9.60
620-629 9.00 8.50 8.50 8.25 7.85 7.85 7.75 7.60 30 Day Lock 0.00 600-619 8.10 11.95 11.20 10.70 10.35 9.70
610-619 9.25 8.75 8.65 8.40 7.95 7.95 7.85 7.70 45 Day Lock (add to rate) 0.15
600-609 9.25 8.75 8.65 8.40 7.95 7.95 7.85 7.70
590-599 10.25 9.00 8.65 8.50 8.00 8.00 8.00 8.00
580-589 10.50 9.00 8.65 8.50 8.00 8.00 8.00 8.00 3 Yr Prepay 0.00 NIV
570-579 8.75 8.50 8.00 8.00 8.00 8.00 2 Yr Prepay 0.35 Credit 80% 1st
2nd Mortgage
560-569 9.00 8.50 8.00 8.00 8.00 8.00 1 Yr Prepay 0.65 Score Lien* 100% CLTV 95% CLTV 90% CLTV 85% CLTV < 80% CLTV
550-559 8.75 8.50 8.25 8.00 8.00 0 Yr Prepay 1.00 >700 7.90 9.45 8.70 8.45 8.20 7.85
540-549 8.90 8.50 8.25 8.00 8.00 680-699 8.00 9.85 9.10 8.85 8.60 8.35
660-679 8.10 10.60 9.85 9.60 9.35 9.10
your local Account Executive.)
Lock Period
PREPAYMENT PENALTY
Prepayment Penalty (No YSP Pricing on No Prepay Loans)
ADJUSTMENTS TO RATE
Program
15 Yr Fixed *to 30/30 & 30/15 rate (0.25) 640-659 8.35 11.35 10.60 10.35 10.10 9.45
7.84
Blended Rate
8.21
Credit 103% LTV 0.25
Score 100-95.01 95-90.01 90-85.01 85-80.01 80-75.01 75-70.01 70-65.01 <65 Best Score (Add does not apply to NIV) 0.25
>700 8.75 8.25 8.25 8.00 7.60 7.45 7.35 7.25
Products
680-699 9.00 8.50 8.40 8.15 7.75 7.75 7.60 7.50 Fico >660 Fico 600-659 Fico <600 All loans must be funded at PAR or at a discount.
660-679 9.15 8.65 8.65 8.40 8.00 8.00 8.00 7.85 40 yr Amort. (I/O N/A) 0.10 0.10 0.00 FULL DOC MINIMUM CREDIT SCORE = 600 Buydowns = 3:1
640-659 9.50 8.90 8.90 8.65 8.20 8.20 8.10 8.00 50 yr Amort. (I/O N/A) 0.20 0.25 0.00 NIV DOC MINIMUM CREDIT SCORE = 640 Maximum Discount = 1.000% in rate.
630-639 9.65 9.15 9.15 8.90 8.45 8.45 8.35 8.25 Interest Only 0.25 0.25 0.00 BALLOON FINANCING AVAILABLE TO 100% cltv Yield Spread Premium is not available.
620-629 9.65 9.15 9.15 8.90 8.45 8.45 8.35 8.25 Doc Type
(use code 5521 for balloon product)
610-619 10.00 9.50 9.40 9.15 8.70 8.70 8.60 8.50 NIV Wage Earner 0.25 1 Yr Prepay 0.25
600-609 10.00 9.50 9.40 9.15 8.70 8.70 8.60 8.50 LIV 0.25 Combo's only, no stand-alone 2nds. 0 Yr Prepay 0.55
590-599 9.40 9.25 8.75 8.75 8.75 8.75 Stated Plus/Blended Access 0.65 Minimum loan amount: $10,000.
580-589 9.40 9.25 8.75 8.75 8.75 8.75 N/O/O or 2nd Homes not eligible for subordinate financing. LIV 0.50
570-579 9.50 9.25 8.75 8.75 8.75 8.75 Refi & LTV > 95% or CLTV > 95% (excludes Rapid Refi) 0.50 Rural Properties not eligible for subordinate financing. 12 month bank statements 600-639 0.25
560-569 9.75 9.25 8.75 8.75 8.75 8.75 Combo & CLTV > 90% 0.15
550-559 9.50 9.25 9.00 8.75 8.75 ~If first mortgage is 30 year amort., use 30/20 or 30/15 or 30/10 FOR DTI < 45.49% > 640 (0.50)
540-549 9.65 9.25 9.00 8.75 8.75 N/O/O or 2nd Home & LTV < 80% 0.25 ~If first mortgage is 30/15 balloon, use 30/10 only 600-639 (1.00)
N/O/O or 2nd Home & LTV > 80% 0.50
NIV
Credit Condo* 0.25
Score 100-95.01 95-90.01 90-85.01 85-80.01 80-75.01 75-70.01 70-65.01 <65
>700 8.85 8.40 8.40 8.15 7.75 7.60 7.50 7.35 3-4 Units 0.25
680-699 9.10 8.65 8.50 8.25 7.85 7.85 7.75 7.60
660-679 9.15 8.65 8.65 8.40 7.95 7.95 7.95 7.85 < $80K* 0.25
640-659 9.50 8.90 8.90 8.65 8.20 8.20 8.10 8.00
630-639 9.50 9.25 8.85 8.85 8.75 8.60 $750K - $1.2M 0.25
620-629 9.50 9.25 8.85 8.85 8.75 8.60 > $1.2M - $1.35M 0.35
610-619 9.65 9.40 9.00 9.00 8.85 8.75 > $1.35M* 0.75
600-609 9.65 9.40 9.00 9.00 8.85 8.75 *Restrictions apply. Please contact your local Account Executive.
590-599 9.00 9.00 9.00 9.00
580-589 9.00 9.00 9.00 9.00 Bankruptcy/Foreclosure <12 mnth. Seasoning 0.25
570-579 9.00 9.00 9.00
560-569 9.00 9.00 9.00
550-559
540-549
*Combo add included
(- 0.15) OFF IN RATE OR <.30> YSP*
2ND MTG RATE ADD-ON ONLY
DTI SPECIAL (Not available for NIV)
JULY PURCHASE SPECIAL
(-.50) RATE REDUCTION
AVAILABLE FOR ALL DOC TYPES
INTEREST ONLY AND 40 YEAR & 50 YEAR
PRODUCTS ALLOWED
**(Cannot be combined with First Time Home Buyer Special)
* 0 PREPAY LOANS NOT ELIGIBLE FOR YSP
FILE MUST BE SUBMITTED USING EASYWRITER
*IF YOU ARE NOT AN EASYWRITER CUSTOMER,
**Special will be applied by FF underwriter**
Bay Area Wholesale
SEE YOUR AE FOR DETAILS
900 E. Hamilton Ave, Suite #350, Campbell, CA 95008
Toll Free (800) 464-9425
*Combo add included
Blended Rate
PREPAYMENT PENALTY BUYDOWN
2ND MTG NOTES
RATE ADD-ON
*100% COMBO HELOC AVAILABLE FOR FULL DOC & LIV.
EasyWriter Special
BRANCH CONTACT INFORMATION
8.37
8.95
PREPAYMENT PENALTY: 2 YEARS
7.72
8.02
8.60
July 10, 2006
2:1 up to 1.50
PREPAYMENT PENALTY: 2 YEARS
(Restrictions apply. Please contact
3:1 BUYDOWN
EXTENDED LOCK
2nd Mortgage (30/20, 30/15)
8.69
8.87
FULL DOC YSP MATRIX
FIRST MORTGAGE
LTV Ranges
Loan Purpose
LTV Ranges
RAPID PURCHASE / RAPID REFI
80/20*
80/20*
LTV Ranges
1:1 from 1.55 to 2.00 YSP
Max YSP = 2.00%
BUYDOWNS
(MAX = 0.75 IN RATE)
8.37
SECOND MORTGAGE
BUYDOWNS
Occupancy
Property Type
*First Time Home Buyer Special; No add for Condo
Loan Amt Requires: 600-679 Fico; Purchase Only
*First Time Home Buyer Special; No add < $80K
Other
NIV Wage Earner
add 0.250
add 0.25
This information is intended for use by real estate professionals only, and is not to be distributed to the general public. All loan programs, terms and rates are subject to change without notice. Additional terms and conditions may apply. Loan approval, rate and
terms are dependent on your borrower’s credit score and financial history. © 2005 First Franklin. All rights reserved. First Franklin is an equal housing lender. First Franklin is a division of National City Bank of Indiana. The corporate office is located at 2150 North
First Street, San Jose, CA 95131. Loan programs are not available in Alaska and Hawaii.