2007_Subprime_Shorting-Home-Equity-Mezzanine-Tranches-1

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