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What’s Hot at Andrew D. Tibbals Correspondent Account Executive

Multiple Funding Channels CUSB Traditional Broker Program! Table Funded Hybrid Broker Program! Purchase Funded Traditional Correspondent Program! Easy Transition Between Programs as Your Company Grows! Keep the Same Account Executive as Your Company Transitions Between Programs!

CUSB Program Traditional Broker Program! Your Originate and Process, USB Underwrites and Closes! USB Handles All Underwriting! YOU Order Flood Certs Through Provider of YOUR Choice or Through USB! USB Handles All Document Preparation! YOU Use the Title Company of YOUR Choice! YOU Use Appraiser of YOUR Choice!

Table Funding Hybrid Broker Program! Close in Your Name, Utilizing USB Funds w/Immediate Assignment to USB at Settlement! Great Transitional Program for Growing Companies! YOU Choose How to Submit Your Loans! Choose Between US Bank Home Mortgage Underwriting and MI Contract Underwriting! YOU Order Flood Certs Through Provider of YOUR Choice! YOU Order Docs Through a Provider of YOUR Choice! Free Doc Prep is Available Through Our SellUS Web Site. Contact Your AE for Details! YOU Use the Title Company of YOUR Choice! YOU Use Appraiser of YOUR Choice!

Purchase Funding Traditional Correspondent Program! Close in Your Name, Utilizing Your Funds, Whole Loan Sale (Best Efforts/Flow Delivery) to US Bank! YOU Choose How to Submit Your Loans! Choose Between US Bank Home Mortgage Underwriting and MI Contract Underwriting or Apply for Lender Delegated Underwriting! YOU Order Flood Certs Through Provider of YOUR Choice! YOU Order Docs Through a Provider of YOUR Choice! Free Doc Prep is Available Through Our SellUS Web Site. Contact Your AE for Details! YOU Use the Title Company of YOUR Choice! YOU Use Appraiser of YOUR Choice!

Sell US Website Register/Lock On-line with immediate confirmation! FREE On-line doc prep! Instant access to all guidelines, procedures and bulletins in our new online Seller Guide powered by AllRegs! First Pass Product Finder! The ultimate loan product eligibility tool! Free LP Interface! On-line loan pricing scenario tool! Takes the guesswork out of pricing in today’s complex environment.

Liberal Rate Lock Policies Overnight and weekend protection on new locks! True Locks allow you the entire lock period to work with your borrower Generous extension policy: 2 bp per day for up to 30 days! Change in property address locked at current market!

Underwriting Quick Turn Times/Lender Approvals Knowledgeable Underwriting Staff Person to Person Conversations/Advice E-mail delivery of appraisals and conditions Live underwriting scenario help desk available during business hours

DU or LP – you decide! U.S. Bank validates LP and/or DO/DU findings on both conventional and govie loan programs MI contract underwriters can validate LP or DU on conventional products! You can choose one or the other per program guidelines!

Conventional Fixed Rate Conforming Standard Agency LTV Guidelines Apply LP Accept, LP Caution w/A- Offering or DO/DU Approve Eligible Required 1-4 Unit Primary, 1 Unit 2 nd Home and 1-4 Unit Investment Allowed Cash Out Allowed per Guidelines (620 Minimum FICO) Standard Monthly, Upfront Single Premium and Split Premium MI Options Allowed (Please Refer to Published MI Company Guidelines for Details and Eligibility)

High LTV Conventional Programs USBHM Barrier Buster (Manual Underwrite, 120% AMI) FHLMC Home Possible (LP Accept, 100% AMI) USBHM 97 Plus (LP Accept, No Income Restrictions)

Barrier Buster Program 120% Area Median Income (Waived for Underserved Areas) Manual Underwrite-LP or DO/DU Not Allowed 45% Back Ratio 1 Month Reserves Can have NOCB 97% LTV/TLTV with 680 score 95% LTV/TLTV with 660 score Extended and Limited Buydowns Allowed (see Guidelines)

Freddie Mac Home Possible Credit Flexibility to 97% LTV/TLTV 100% Area Median Income (Waived for Underserved Areas) LP Underwriting (Accept Only) Manual Underwriting Allowed (See Guidelines for Conditions/Restrictions) 95% LTV w/5% Gift from Family OK Manufactured Housing to 95% (Borrower must have 5% of own funds) Reduced MI Coverage (18% at 97%, See Guidelines for Details) Flexible Sources of Funds 6% Seller Contribution Allowed (Unique US Bank Advantage)

USBHM 97 Plus 97% LTV w/No Income Restrictions LP Accept Only! 3% Down from Borrower Funds, Gifts or Grants (See Guidelines for Details) 35% MI Coverage 2 Months PITI Required No Subordinate Financing Ratios Determined by LP NOCB Not Allowed

FHA 1 Year ARM 3/1 ARM w/ 2.0 Margin 15 and 30 year Fixed Rates Min. Investment of 3%, can include down payment and or closing costs Both LP and DO accepted but traditional manual underwrites are still allowed 600 Minimum FICO (620 for Manufactured Housing)

VA Little or no down payment required for veteran with full entitlement. No “minimum” credit score, yet reasonable underwriting standards will be applied. IRRL’s allowed

FHLMC Fixed Rate Jumbo Better Pricing than Non-Conforming Jumbo LTVs to 90% 1-4 Unit Primary, 1 Unit 2 nd Home and 1-4 Unit Investment Eligible Product is Only Available in Specified High Cost MSA’s-See www.ofheo.gov/media/cll/HighCostLoanLimits2009.pdf for Details LP Accept or A- Eligible Required

Large Menu of ARMs 3/1, 5/1, and 7/1 LIBOR ARMs (both Fully Amortizing and I/O) 3/1, 5/1 and 7/1 Treasury Arms (Elite Series) Jumbo Pricing Available (Elite Series) I/O Programs Available

LIBOR ARMs (Full Amortization) 3/1, 5/1 and 7/1 Programs Available 95% LTV on 1 Unit Primary 2-4 Unit Primary, 1 Unit 2 nd Home and Investment Properties Also Allowed LP A- Eligible Cash Out Available No Pre-Pay Penalty or Negative Amortization Assumable w/Lender Approval

LIBOR ARMs (Interest Only) 3/1, 5/1 and 7/1 Programs Available 1 Unit Primary and 1 Unit 2 nd Homes Only 95% LTV on 1 Unit Primary Cash Out Available Qualify at Higher of Start Rate or FIAR with Full Amortization 10 Year I/O Period No Pre-Pay Penalty or Negative Amortization

“Elite” ARMs (Full Amortization) Treasury Indexed Program Offering Both Conforming and Jumbo Loan Amounts 1-2 Unit Primary, 1 Unit 2 nd Homes and 1 Unit Investment Properties Only Cash Out Available Loan Amounts to $1.5 Million See Guidelines for LTV, TLTV, FICO and Reserve Requirements Total Financing Exceeding $1 Million Requires 2 nd Appraisal

“Elite” ARMs (Interest Only) Treasury Indexed Program for Conforming and Jumbo Loan Amounts 10 Year I/O Period 1-2 Unit Primary and 1 Unit 2 nd Homes Only Cash Out Available Loan Amounts to $1.5 Million See Guidelines for LTV, TLTV, FICO and Reserve Requirements Total Financing Exceeding $1 Million Requires 2 nd Appraisal

Piggyback Seconds 1 Year ARM 1% annual cap 6% lifetime cap Tied to 1 Yr. Treasury (1 YR. CMT) Great pricing! Fixed Rate 30 due in 15 or straight 15 Year Fixed 85% TLTV Allowed (75% for Properties in AZ, CA, FL, MI and NV)

USBHM HELOCs Rates Starting at Prime + 1.5 Available to TLTV/HTLTV of 85% (75% Max in AZ, CA, FL, MI and NV) Interest Only Payment Option No Closing Costs (US Bank Paid) Annual Fee Waived for First Year Multiple Access Options-Convenience Checks and Visa Gold Card Lock In Balances to a Fixed Rate for Up to 240 Months Unlock and Relock as Market Conditions Dictate for a Nominal Fee Carry Up to 3 Locks at Any One Time 15 Year Draw period-10 Year Repayment Period

USBHM HELOCs- What’s In It For You! Earn Up to $300 for Convenience (no draw) HELOCs Earn Up to $350 for Draw Amounts of $10,001-$30,000 Earn Up to $500 for Draw Amounts of $30,001-$70,000 Earn Up to $850 for Draw Amounts above $70,000 Use for Downpayment to Avoid MI or Jumbo Pricing Use for Debt Consolidation and Avoid Cash Out Pricing Set Up as a Convenience HELOC to Provide Additional Value for Your Customers and to Generate Additional Fee Income for Yourself

Non-Conforming Jumbo Fixed Rates No Geographic Restrictions (Reduced LTVs May Apply in Certain States) 90% LTV to $650K; 90% TLTV to $1 Million Loan amounts >$1 million require only 1 Appraisal Loan amounts < $650,000 may use Standard or Streamline LP Documentation 1-2 Unit Primary, 1 Unit 2 nd Homes and 1 Unit Investment Eligible Cash Out Available

Other Fantastic niches… Manufactured homes – Freddie Mac and FHA Can go up to 39.99 acres on some conforming programs! We can “pre-fund” purchases – wire arrives the afternoon before scheduled disbursement date with no fee! FHLMC A-Minus Levels 1-5

The US Bank Advantage Excellent Management Team Strong parent-6th largest bank in U.S. Commercial Bank with over $266 Billion in Assets Tier 1 Capital Ratio of 10.6%, Total Risk-Based Capital Ratio of 14.3% and Leverage Ratio of 9.8%-All Well Above Generally Accepted Thresholds for Well Capitalized Institutions 5 Star Service Guarantee Midwest Servicing (Owensboro KY) Big Company Benefits/ Family Style Atmosphere

The US Bank Advantage (continued) Personalization with AE’s Broker/Correspondent Programs Servicing Website Sell US Website Excellent Program Model Excellent position w/Freddie Mac Profitability Leads to Stability!

We’re so hot we’re on FIRE!

Legal Mumbo Jumbo "This information is provided for the real estate/mortgage professionals only and is not an advertisement or offer to extend consumer credit as defined by Sec. 226.2 of Regulation Z. Rates, terms and availability are subject to change without notice. This form may NOT be reproduced“

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Whats Hot At Us Bank March 4 2009

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