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Sun West now takes locks on
HECM Libor ARM Standard and Saver Programs!
HECM price hits significantly reduced! Submit today!!

Dear Valued Partner,

We are pleased to inform you that, SWMC has started taking locks on HECM Libor ARM Standard and Saver loans effective Monday, March 07, 2011.

Today's prices for SWMC's HECM ARM Programs are as follows.

HECM Libor ARM 2011 Standard
Margin
10 Days Lock
Mandatory
25 Days Lock
Best Effort**
Must Fund By >>
18 March 2011
02 April 2011
2.00
2.000% Rebate
1.800% Rebate
2.25
2.250% Rebate
2.050% Rebate
2.50
2.500% Rebate
2.300% Rebate
2.75
2.750% Rebate
2.550% Rebate
Above YSP is for a monthly servicing fee of $25.
Sun West supports margins in between the even increments (itemized above) and additional YSP will be paid on a 1:1 basis. For example - For 2.10 margin, you will earn another 10 bps of premium.
 
HECM Libor ARM 2011 Saver
Margin
10 Days Lock
Mandatory
25 Days Lock
Best Effort**
Must Fund By >>
18 March 2011
02 April 2011
2.00
PAR
0.200% Cost
2.75
0.500% Rebate
0.300% Rebate
3.00
1.000% Rebate
2.300% Rebate
Above YSP is for a monthly servicing fee of $25.
Sun West supports margins in between the even increments (itemized above) and additional YSP will be paid on a 1:1 basis. For example - For 2.10 margin, you will earn another 10 bps of premium.
 

We are also pleased to announce that, with immediate effect, the HECM price hits have been significantly reduced. Revised special price adjustments are as follows.

Subject property located in IN, OH, MI, PR
-1.000
Manufactured Home
-1.000
Subject property located in rural area
-1.000
Log Home
-1.000

For more information, contact your Account Executive at (800) 453-7884.

Sun West Mortgage Company, Inc.
18303 Gridley Road
Cerritos, CA 90703
Phone: (800) 453-7884

Visit www.swmc.com/swmc/partner_resources.php for helpful links on Training, Webinars, Lender Alerts and Submitting Conditions

Equal Housing OpportunityThis information is provided as information for licensed wholesale brokers only and may not be copied or distributed to customers or potential customers. All loans subject to approval. Certain restrictions may apply. Program Rates, Prices, Guidelines, Fees, Costs, terms and Conditions are subject to change without notice.

Sun West Mortgage Company, Inc. (NMLS ID 3277) is licensed by the Department of Corporations as a California Finance Lender (License #603 0119) and is licensed by the Department of Real Estate (License #00793885). Refer to www.swmc.com to see where SWMC is a licensed lender. In all states, the principal licensed office of Sun West Mortgage Company, Inc. is 18303, Gridley Road in Cerritos, CA 90703; Phone: (800) 453-7884