FHA LEAN

LEAN 232 Pipeline as of March 6th, 2009

FHA # Requests – Purchase/Refinance – 208

FHA # Requests – New Construction – 41

Applications In – Purchase/Refinance –40 (with 18 more scheduled to come in shortly)

Applications In – New Construction – 7

Firm Commitments Issued – 18

Applications CLOSED –Purchase/Refinance – 9

Applications CLOSED – New Construction – 1 CW Capital - (4 pre-apps completed)

Fixed Rate Agency Loans

We now offer fixed rate loans as a Midwest Correspondent for a Major Lender

Low Rates
Fees 1% - 2%

Seven and Ten Year Loans - Non-Recourse - Twenty Five and Thirty Year Amortizations
Standard Carve-outs Spreads Range between 228 and 278 basis points over treasury swap rate

No maximum loan amount

Also 35 year FHA refinance loans and 40 year self amortizing - New Construction Substantial Apartment Loans
FHA 223 F and 221 d4 loans Plus FHA Healthcare and Affordable Housing Loans