2007_Subprime_Shorting-Home-Equity-Mezzanine-Tranches-1
2007_Subprime_Shorting-Home-Equity-Mezzanine-Tranches-1
2007_Subprime_Shorting-Home-Equity-Mezzanine-Tranches-1
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Footnote Exhibits - Page 0979<br />
Strictly private & confidential<br />
The US Residential MBS Market<br />
Agency mortgages are mortgages that are in Ginnie Mae, Fannie Mae and Freddie Mac<br />
programs.<br />
Typical Fannie Mae / Freddie Mac requirements<br />
a<br />
a<br />
a<br />
balance limit: $359,650 for 2005 (single family house)<br />
loan priority: must be first-lien<br />
debt-to-income ratio limit:<br />
- 28% for mortgage debt<br />
- 33% for total debt<br />
* cash-out not above 75% LTV (if refinance)<br />
" loan-to-value ratio limit: 95%<br />
0 credit history: FICO score at least 720<br />
Deutsche Bank<br />
All numbers shown in this presentation are indicative and are based on a sample portfolio. Actual numbers will be<br />
different and will depend on the actual portfolios selected.<br />
55
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