WHOLESALE CAPITAL CORPORATION

January 5, 2009

See Marksman for rates

Staff Out of Office

Ed, Dec, 24^th-Jan. 7^th

Felicia, Jan. 7^th- ½ day (pm) funeral

Chris, Jan. 7^th-13^th

Becky, January 19^th (Tenative)

Renee, Jan. 26^th (Tenative)

January Birthdays

Judie Phipps, January 19^th

Deborah Rulison, January 28^th

Chuck Murray, January 29^th

Dawn Hoffman, January 31^st

Cory Davis, January 31^st

WCC lock-in policy

All locks must be received in Secondary by 3:30 pm to receive same day pricing.

Locks received after this times are subject to next business day pricing.

Investor Guidelines
Chase	GMAC
Citi Username: wcclo Password: redring1	Taylor Bean & Whittaker

Misc. Links
NHF (Access)	CalHFA
CalSTRS	CitiMortgage: CalPERS
Fannie Mae Loan Limits	Riverside County EDA - MCC program
Riverside County EDA - First Time Home Buyer program	FHA loan limits

WCC is licensed to do loans in California, Texas, New Mexico (click here for guidelines), and Michigan.
Moreno Valley HAP – sales price limit is $344,650 – max benefit is 20% of purchase price – 1^st mortgage must be fixed and fully amortized – HAP loan cannot pay closing costs – Equity sharing – see guidelines for debt ratio calculations
MV HAP income limits			MV HAP guidelines
MV HAP Borrower Docs	MV HAP Seller Docs			MV HAP Lender Docs
Homes listed in last 12 months		Arm Indexes
Declining Market Guidelines		Approved Broker List
Maximum APR guidelines		State License List
Manufactured Housing		2-1 buydown costs
Misc Government and Agency adjustments		Miscellaneous notes for pricing and locking loans
Investor Bulletins		FHA risk based premium for mortgage insurance
MI guidelines		FHA Mortgagee Letters
Seller Funded Down Payment Assistance (HART)		Rate Renegotiation

Early payoff parameters

Chase - 90 days from the day Chase purchases the loan.

Citimortgage - 90 days from the day Citimortgage purchases the loan.

Flagstar – 120 days from the day Flagstar purchases the loan.

GMAC Bank – 120 days from the day GMAC Bank purchases the loan.
Taylor, Bean & Whitaker – 4 months from the day Taylor, Bean & Whitaker purchases the loan.