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

Fannie MaeP Limited Review NewQ Limited Review Est.R Expedited NewS Expedited Est.T Fannie Mae ReviewU FHA-approved

E PUDF PUD

1 Co-op2 Co-op

Project Name CMP Project ID# (if any)

Primary ResidenceSecond HomeInvestment Property

Number of UnitsSales Price $Appraised Value $

Fee SimpleLeasehold

II. Mortgage InformationLoan Type Amortization Type Loan Purpose Lien Position

Note Information Mortgage Originator Buydown If Second Mortgage

ConventionalFHAVAUSDA/RHS

Fixed-Rate—Monthly PaymentsFixed-Rate—Biweekly PaymentsBalloonARM (type)Other (specify)

PurchaseCash-Out RefinanceLimited Cash-Out Refinance (Fannie)No Cash-Out Refinance (Freddie)Home ImprovementConstruction to Permanent

First MortgageAmount of Subordinate Financing$(If HELOC, include balance and credit limit)

Second Mortgage

Original Loan AmountInitial P&I PaymentInitial Note RateLoan Term (in months)

$$

%

SellerBrokerCorrespondent

Broker/Correspondent Name and Company Name:

YesNo

Terms

Owner of First MortgageFannie Mae Freddie MacSeller/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 ScoreCommunity Lending/Affordable Housing InitiativeHome Buyers/Homeownership Education Certificate in file

Underwriter Comments

Underwriter’s Name Appraiser’s Name/License # Appraisal Company Name

Base IncomeOther Income

Positive Cash Flow(subject property)Total Income

Borrower$$

$$

Co-Borrower$$

$$

Total$$

$$

Primary Housing Expense/IncomeTotal Obligations/IncomeDebt-to-Housing Gap Ratio (Freddie)

%%%

LTVCLTV/TLTVHCLTV/HTLTV

%%%

Note RateAbove Note RateBelow Note Rate

Bought-Down RateOther

%%

%%%%%

Exterior/InteriorExterior OnlyNo Appraisal

Form Number:

Manual UnderwritingAUS

DU LP OtherAUS RecommendationDU Case ID/LP AUS Key#LP Doc Class (Freddie)

Yes No

Yes NoYes No

Borrower’s Primary ResidenceFirst Mortgage P&ISecond Mortgage P&IHazard InsuranceTaxesMortgage InsuranceHOA FeesLease/Ground RentOtherTotal Primary Housing ExpenseOther ObligationsNegative Cash Flow(subject property)

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

MGIC Rate Finder - Plus: Find Rate and Check Eligibility http://www.mgic.com/is/html/ratefinder.html

1 of 2 8/12/2009 12:47 AM

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© Mortgage Guaranty Insurance Corporation

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

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

Taxes & Assessment Reserves Flood Insurance Reserves

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

* PFCFPOC

= Prepaid Finance Charge= FHA Allowable Closing Cost

= 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

1000 RESERVES DEPOSITED WITH LENDER:1001 Hazard Ins. Premium $mths @ $

mths @ $mths @ $mths @ $mths @ $mths @ $mths @ $

/ mth/ mth/ mth/ mth/ mth/ mth/ mth

1002 Mtg Ins. Premium Reserves1003 School Tax1004 Taxes & Assessment Reserves1005 Flood Insurance Reserves

Estimated Prepaid Items/ReservesTOTAL ESTIMATED SETTLEMENT CHARGESTOTAL ESTIMATED FUNDS NEEDED TO CLOSE: TOTAL ESTIMATED MONTHLY PAYMENT:

Total Estimated Funds Total Monthly Payment

Purchase Price (+)Alterations (+)Land (+)Refi (incl. debts to be paid off) (+)Est. Prepaid Items/Reserves (+)Est. Closing Costs (+)

PMI, MIP, Funding Fee (+)Discount (Borrower paid) (+)FHA EEM Improvements (+)

Loan Amount (-)New First Mortgage(-)Subordinate Financing (-)CC paid by Seller (-)

FHA Required Investment (-)FHA MI Premium Refund (-)FHA 203k Rehabilitation Cost (-)

Principal & InterestOther Financing (P & I)Hazard InsuranceReal Estate TaxesMortgage InsuranceHomeowner Assn. DuesOther

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.

Applicant ApplicantDate Date

Applicant Applicant

Lender

Date Date

Date Calyx Form - til.frm (03/09)

Monthly Beginning: Monthly Beginning: Monthly Beginning: Monthly Beginning:

DEBORAH A. WEBSTER7412 59 ST NEMARYSVILLE, WA 98270Webster Jun09 Refi 06/29/2009

* 5.075 * 252,808.48 * 266,199.94 * 519,008.42

359 1,441.70 08/01/20091 1,438.12 07/01/2039

7412 59 ST NE, MARYSVILLE WA 98270

70.0015 5.000 of the payment.

DEBORAH A. WEBSTER

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