Program	A	B
Acceptable Properties	Single Family, condo, 2-4 Units, Owner Occupied	Single Family, Condo, 2-4 Units, Owner Occupied
Loan Terms	2 Year Fix 30 Year-Adjust	2 Year Fix 30 Year-Adjust
Maximum Debt Ratio to Income	45%-55% (3)	45%-55% (3)
Maximum Loan to Value Ratio	65%-90% (3)	65%-90% (3)
Rate Ranges	8.20%-10.25 (1) (2)	8.45%-10.20-% (1) (2)
Mortgage history - 1st & 2nd Mortgage Last 12 Months	Current = 4 x 30 days	Current = 4 x 30 & 2 x 60 days
Installment Credit	Excellent	Good
Revolving Credit	Excellent to Good	Good
Bankruptcy	Discharged 5 years & reestablished	Case by case basis
Self Employed	Reduce LTV	Reduce LTV
Non-Owner Occupied	Reduce LTV to 75%	Reduce LTV to 75%

Program	C	D
Acceptable Properties	Single Family, condo, 2-4 Units, Owner Occupied	Single Family, Condo, 2-4 Units, Owner Occupied
Loan Terms	2 Year Fix 30 Year-Adjust	2 Year Fix 30 Year-Adjust
Maximum Debt Ratio to Income	50%-55% (3)	65% (3)
Maximum Loan to Value Ratio	65%-85% (3)	65%-75% (3)
Rate Ranges	8.5%-10.80 (1) (2)	10.55%-11.55-% (1) (2)
Mortgage history - 1st & 2nd Mortgage Last 12 Months	Current = 4 x 60 days	Current = 6 x 30 & 1 x 60 or 1 x 90
Installment Credit	Fair	Fair
Revolving Credit	Fair	Fair
Bankruptcy	Case by case basis	Case by case basis
Self Employed	Reduce LTV	Reduce LTV
Non-Owner Occupied	Reduce LTV to 65%	Not Available

  Notes:

(1) Rates vary (as of May 31, 1999) depending on the LTV.
(2) A Borrowers Credit Up 2% can help pay closing cost and may increase the Interest Rate.
(3) Exceptions may be considered if the DTI and LTV Warrant

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