TREE » Topics » EPP Loans

This excerpt taken from the TREE 8-K filed May 6, 2009.

EPP Loans

 

Loan Product or Type

 

Maximum
Percentage of
Outstanding
Loan Limit

 

SRP
Enhancement
Percent

 

Initial
Purchase
Price
Percentage

 

Review
Period

 

Requirements
prior to purchase

Conventional Conforming Mortgage Loans (Agency eligible 1st mortgages with Full/Alt doc types only)

 

100%

 

1.50

 

99

 

30 days

 

None

Government Mortgage Loans and Bond Loans (1st mortgages only)

 

100%

 

1.50

 

99

 

30 days

 

None

Jumbo Mortgage Loans (1st mortgages only, maximum loan amounts of $1,000,000)

 

10%

 

1.50

 

95

 

30 days

 

Rate Lock and CLUES or Prior Approval

 

12



 

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