Last version of subprime highlights as dictated by the investor, countrywide, that was uploaded to SubprimeAlta.com on 2/4/2007

1. 249 E Ocean Blvd #400, Long Beach, CA 90802
P 800.899.1762 · F 562.256.9971
http://www.SubprimeAlta.com
SSuubbpprriimmee UUnnlliimmiitteedd HHiigghhlliigghhttss
• NO MI, NO VOD, NO minimum down payment, NO impounds required
• NO source or seasoning of funds for loans <= $500,000
• NO Reserves with a few exceptions:
• Stated 100% CLTV, 2 months PITI, not verified. Simply list on 1003, not
verified if bank name, branch address, and account # provided)
o The following loans require assets verified with source or
seasoning for 60 days (Two months PITI plus HOA)
Any single lien > $650,000 regardless of LTV
Stated First Time Home Buyers > 95% LTV
First Time Home Buyers with all the following:
No rental verification
LTV/CLTV > 95%
DTI > 45%
Credit score < 620 full doc or < 660 stated doc
• No VOR or cancelled checks required
• 1 day bankruptcy seasoning at our highest credit grade AA+
• Consumer Counseling must be paid but does not affect grade
• No minimum credit depth or trade line requirements with 2 scores
• 100 % of deposits allowed for personal bank statements
• 10 % vacancy factor for rental properties
• 5 year Interest Only on ARMs and fixed loans
• Cash out allowed up to 100% LTV
• No form 4506 required for stated borrowers
• 55% DTI allowed up to 90% LTV with double disposable income
• No payment shock for First Time Home Buyers
• No LTV reduction for owner occupied PUD’s and low rise or high rise
condos
• 100% CLTV for stated borrowers at 640 FICO, I/O maximum DTI 45%
• 6 % seller contribution allowed on non-recurring closing costs on all doc
types