FHA/HUD Lending - Supported by Wolters Kluwer Financial Services Non-Proprietary Content

Product = Section 203(b) Standard Fixed Rate Mortgage

Table 1. Products and Descriptions
Product and Index	Investor	Investor Note/Rider	Product Description	VMP BSI Reference	Available for Production Use	Target Available
N/A	FHA/HUD		203(b) Single Family, 1st Lien, Purchase Money Mortgage, fixed rate, monthly payments	1R	X
N/A	FHA/HUD		203(b) Single Family, 1st Lien, No Cash-Out Refinance* [Rate and Term or Simple]		X
N/A	FHA/HUD		203(b) Single Family, 1st Lien, Construction/Perm, single transaction Single Fixed or Variable Rate, I/O Construct Period [monthly payments], P and I Perm Period [monthly payments]			TBD

Product = Section 203(k) Standard Fixed Rate Rehabilitation (Home Improvement) Mortgage

Table 2. Products and Descriptions
Product and Index	Investor	Investor Note/Rider	Product Description	VMP BSI Reference	Available for Production Use	Target Available
N/A	FHA/HUD		03(k) Single Family, 1st Lien, monthly payments	1R	X	TBD

Product = Section 251 Standard Adjustable Rate Mortgage

Table 3. Products and Descriptions
Product and Index	Investor	Investor Note/Rider	Product Description	VMP BSI Reference	Available for Production Use	Target Available
Index = 1 Year Treasury Bill (CMT)	FHA/HUD		Single Family, 1st Lien, (1/1, 3/1, 5/1, 7/1, 10/1 Adjust Type), Open Cap, Non-Assumable	590		TBD
Index = 1 Year Wall Street Journal LIBOR	FHA/HUD		Single Family, 1st Lien, (1/1, 3/1, 5/1, 7/1, 10/1 Adjust Type), Open Cap, Non-Assumable	590L		TBD