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Table 1 of 2

Criteria PLATINUM PLATINUM >90%
NonQM Profile Category Bank Statement; Interest Only; High LTV; Non Warrantbale Condo High LTV; Non Warrantable Condo
Documentation Full/1 Yr tax return/Bank Statement Full
Maximum Loan Amount 3MM 1.5MM
Loan Term/Mortgage Rate Type 30 yr fixed or 5/1 ARM 30 yr fixed or 5/1 ARM
Interest Only 30 or 40-Year Fixed I/O or 5/1 ARM I/O (30 or 40 yr) N/A
Bankruptcy Seasoning 48 Months 48 Months
DTI 40/50% 35/40%
Credit Score (min) 660 720
Foreclosure, Short Sale, Deed-in-Lieu 48 Months 48 Months
Occupancy Owner-Occupied or Second Home Owner-Occupied
Min. Reserves 6 months 12 months
Residual Income (min) 3000 3000
Max Payment Shock 350%      FTHB – 250% 350%    FTHB – 250%
Mortgage (or rent)  Payment History 1 x 30 x 12 or 2 x 30 x 24 0 x 30 x 12
Rent Free Not Eligible Not Eligible
Max LTV 90% 95%
Gift Funds Allowed Not Allowed
Max Cash in Hand $500K N/A
Non Warrantable Condos Available Available
Marketing Just Missed agency fallout, perfect for SE borrowers using bank statements for income or borrowers with a major credit event between 4-7 years Just Missed agency/Jumbo fallout    95% LTV up to $1.5MM
Operational Visit our website at www.angeloakms.com for rates (QuickQuote) or to get a Prequal for your borrower (Prequal Request) Visit our website at www.angeloakms.com for rates (QuickQuote) or to get a Prequal for your borrower (Prequal Request)

Table 2 of 2

Criteria PORTFOLIO SELECT NON-PRIME >80%
NonQM Profile Category Bank Statement; Interest Only; High LTV; Investor, Non Warrantable Condo Fresh Start; High LTV; Non Warrantable Condo
Documentation Full/1 Yr tax return/Bank Statement Full
Maximum Loan Amount 3MM 750K
Loan Term/Mortgage Rate Type 30 yr fixed or 5/1 ARM 30 yr fixed or 5/1 ARM
Interest Only 30 or 40-Year Fixed I/O or 5/1 ARM I/O (30 or 40 yr) N/A
Bankruptcy Seasoning 24 Months N/A
DTI 40/50% Investment properties 50% 40/50%
Credit Score (min) 600 600
Foreclosure, Short Sale, Deed-in-Lieu 24 Months Sort Sale – No seasonong if paid as agreed through sale date 12 Months
Occupancy Owner-Occupied, Second Home or Investmnet Property Owner-Occupied
Min. Reserves 6 months, 12 months under certain circumstances 3 months, 6-12 months under certain circumstances
Residual Income (min) 2000 1500
Max Payment Shock 250% 350%
Mortgage (or rent)  Payment History Max 1 x 30 x 12 Max 1 x 30 x 12
Rent Free Not Eligible Eligible
Max LTV 90% 90%
Gift Funds Allowed Allowed
Max Cash in Hand $500K N/A
Non Warrantable Condos Available Available
Marketing SE borrowers using bank statements for income (down to a 600 FICO) or borrowers with a major credit event over 2 years Debt Consolidation up to 90% LTV
Operational Visit our website at www.angeloakms.com for rates (QuickQuote) or to get a Prequal for your borrower (Prequal Request) Visit our website at www.angeloakms.com for rates (QuickQuote) or to get a Prequal for your borrower (Prequal Request)

Contact Info:

Bill Parnell
Direct: 925-726-9123
Email: [email protected]

Nations Scenario Desk:

Susanna Carouthers
Direct: 330-338-7785
[email protected]

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