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Lender Early Pay-off (EPO) RulesThe following table represents the amount of time that has to lapse after funding from thelender before the loan can be re-financed with them or anybody else. Re-financingwithin this window (funding to funding) will result Compass (and the MC) forfeitingall of the profit on the loan. In addition, Compass will have to pay back the base SRPover and above what we might have received as profit on the loan when discountingSRP.

When doing re-finances on loans we sold, please be sure to mind this timeframe and donot re-finance a loan that we originated unless the closing date of the new loan is longerthan funding date of the first loan (not the close date) + the timeframe noted below.

Lender Early Payoff (EPO) RulesAurora If paid in full within three (3) months of Purchase Date,

we reimburse Purchase Price in excess of par timesUnpaid Principal Balance as of Date of payment in full,net of prepayment charges collected.

BankFinancial They will adjust the rate on the current loan for a docprep fee no commission on second loan but we keepclient happy.

Bank of AmericaCastleCountrywide 120 days funding to closing base SRP + premium

pricing billed back. They will do everything thy can asfar as exception pricing on the new loan to make up forthe EPO penalty if we do the second loan with them we need to call the rep when we are locking the secondloan to get this done.

Emigrant They will adjust the rate on the current loan for a docprep fee no commission on second loan but we keepclient happy.

HLB Mortgage Group 180 days funding to closing.First HomeFirst Horizon 90 days following purchase date, we return Purchase

Price Premium within thirty (30) days of payoff date.HSBC 90 days funding to closing base SRP + premium

pricing billed back. Also, if you re-fi an HSBC loan withHSBC within 12 months funding to closing, you arelimited to 1 basis point max (101) above par pricing.

National City 120 days funding to closing if we need to re-fi onewithin this window they might be able to help if we send

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second loan to them need to contact rep.OHIO 120 days funding to closing. From 120 180 days we

only have to pay back all SRP + premium pricing inexcess of 101 ( 1 point over par).

Principal (no longer an active lender) No Penalty on any product BUT Jumbo Fixed.Jumbo fixed products are 90 days funding to closing.There will be a new policy coming by4/30/2003 that willlevy an EPO penalty for all products.

Regions 4 payments base SRP + premium pricing billed back.We can re-fi a loan with Regions back with Regionsw/in the 4 payments timeframe but we cannot makeany SRP on the second loan (we can, however, makemoney on premium pricing related to rate). All we needto do to get this done is reference the old loan numberon the lock sheet and it will be taken care of (please letKW know as well via email so we can track on ourend).

WAMU 90 days funding to closing base SRP only (we cankeep any above par premium we made on the loan).

Wells Fargo 2 payments in the month that they are due (noacceleration) base SRP + premium pricing billedback. No rate adjusting for a doc fee. They suggestwe take advantage of their approach to renegotiatinglock rates prior to close if client is getting edgy aboutrates going down before the first loan is closed. Theydo solicit re-fi s, but if they do this on one of our loansthey will not hit us for any EPO. However, if they getwind of a re-fi because a pay-off letter is requestedfrom another lender and they manage to keep the clientby doing the re-fi, they will hit us for the full EPO.