DENVER HOMEOWNERSHIP CENTER

SINGLE FAMILY HOUSING

UNDERWRITING INDEX (J -- M)

(Revised May 1, 2006)

+-------------------------------------+------------------+------------+
| # SUBJECT                           | **HANDBOOK**     | *          |
|                                     |                  | *MORTGAGEE |
|                                     | **(HB)**         | LETTER     |
|                                     |                  | (ML)**     |
+-------------------------------------+------------------+------------+
| ## J                                |                  |            |
+-------------------------------------+------------------+------------+
| JUDGMENTS                           | HB 4155.1,       |            |
|                                     | Section 2-3C     |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| ## K                                |                  |            |
+-------------------------------------+------------------+------------+
| KICK BACK                           | See Conflict of  |            |
|                                     | Interest         |            |
+-------------------------------------+------------------+------------+
| KIDDIE CONDOS                       | HB 4155.1,       |            |
|                                     | Section 1-8B     |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| ## L                                |                  |            |
+-------------------------------------+------------------+------------+
| LAND                                |                  |            |
+-------------------------------------+------------------+------------+
| Excess                              | HB 4150.2,       |            |
|                                     |                  |            |
|                                     | Sections 4-4;    |            |
|                                     | 4-5A(2)          |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| LAND CONTRACTS/CONTRACTS FOR DEED   | HB 4155.1,       |            |
|                                     | Section 1-8E     |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| LATE CHARGERS ON NOTE               | HB 4330.1, REV-5 |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| LATE SUBMISSION & PAY HISTORY       | HB 4004.2,       | MLs 04-14; |
|                                     | Section 5-2      | 90-41      |
|                                     |                  |            |
|                                     | HB 4165.1,       |            |
|                                     |                  |            |
|                                     | Sections 3-1,    |            |
|                                     | B-3              |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| LEAD-BASED PAINT                    | HB 4150.2,       | MLs 99-18; |
|                                     |                  | 97-27;     |
|                                     | Section 3-6A     |            |
|                                     | (17)             | 96-67;     |
|                                     |                  | 96-29;     |
|                                     |                  | 96-10      |
|                                     |                  |            |
|                                     |                  | Directive  |
|                                     |                  | 00-20      |
+-------------------------------------+------------------+------------+
| Contractor's Disclosure (EPA) Form  |                  | MLs 99-18; |
|                                     |                  | 99-22 ;    |
|                                     |                  |            |
|                                     |                  | Notice     |
|                                     |                  | 96-78      |
+-------------------------------------+------------------+------------+
| Disclosure, Section 1018 Rule       |                  | Notice H   |
|                                     |                  | 99-01;     |
|                                     |                  |            |
|                                     |                  | Notice     |
|                                     |                  | 97-31      |
+-------------------------------------+------------------+------------+
| EPA Pamphlet                        |                  | ML 00-01   |
+-------------------------------------+------------------+------------+
| HECM & 203K                         | HB 4235.1,       | ML 00-01   |
|                                     | Section 3-5E     |            |
+-------------------------------------+------------------+------------+
| REO                                 |                  | Directive  |
|                                     |                  | 01-1;      |
|                                     |                  |            |
|                                     |                  | Notice     |
|                                     |                  | 96-78      |
+-------------------------------------+------------------+------------+
| # SUBJECT                           | **HANDBOOK**     | *          |
|                                     |                  | *MORTGAGEE |
|                                     | **(HB)**         | LETTER     |
|                                     |                  | (ML)**     |
+-------------------------------------+------------------+------------+
| LEASEHOLD (Leased Land)             | HB 4150.1,       | ML 94-2    |
|                                     | Chapter 6,       |            |
|                                     | Section 5 (6-30  | 24 CFR     |
|                                     | to 6-33)         | 203.41     |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| LENDER APPROVAL                     | HBs 4000.4;      | MLs 95-36; |
|                                     |                  | 96-10;     |
|                                     | HB 4000.2,       | 96-18;     |
|                                     | Section 1-4;     | 97-14;     |
|                                     |                  | 94-47      |
|                                     | HB 4700.2;       |            |
|                                     |                  |            |
|                                     | HB 4060.1        |            |
+-------------------------------------+------------------+------------+
| Net Branching                       |                  | ML 00-15   |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| LENDER EMPLOYEES/PART TIME          |                  | MLs 94-39; |
|                                     |                  | 95-36      |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| LENDER INSURANCE PROGRAM            |                  | ML 05-36   |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| LENDERS                             |                  |            |
+-------------------------------------+------------------+------------+
| Closing in Name of Correspondent or |                  | ML 95-36   |
| Sponsor                             |                  |            |
+-------------------------------------+------------------+------------+
| Contracting Out Origination         |                  | ML 95-36   |
+-------------------------------------+------------------+------------+
| Employees                           |                  | MLs 95-36; |
|                                     |                  | 94-39      |
+-------------------------------------+------------------+------------+
| Elimination of Brick and Mortar     |                  | ML 95-36   |
+-------------------------------------+------------------+------------+
| Exclusive Employment                | HB 4060.1,       |            |
|                                     | Section 2-14     |            |
+-------------------------------------+------------------+------------+
| Extra Territory                     | HB 4000.1,       | ML 95-36   |
|                                     | Section 2-18A    |            |
+-------------------------------------+------------------+------------+
| Geographic Locations                | HB 4060.1,       |            |
|                                     | Section 2-18     |            |
+-------------------------------------+------------------+------------+
| Mortgagee Approval                  | HB 4060.1        |            |
+-------------------------------------+------------------+------------+
| Net Branching                       |                  | MLs 00-15; |
|                                     |                  | 00-05      |
+-------------------------------------+------------------+------------+
| QC Plan Requirements                |                  | ML 95-36   |
+-------------------------------------+------------------+------------+
| Real Estate Agent                   |                  | ML 96-18   |
+-------------------------------------+------------------+------------+
| Territorial Approval                | HB 4060.1,       |            |
|                                     |                  |            |
|                                     | Section 2-18 &   |            |
|                                     | 2-19             |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| LIABILITIES                         |                  |            |
+-------------------------------------+------------------+------------+
| Child Support                       | HB 4155.1,       |            |
|                                     | Section 2-11A    |            |
+-------------------------------------+------------------+------------+
| Contingent                          | HB 4155.1,       |            |
|                                     | Section 2-11B    |            |
+-------------------------------------+------------------+------------+
| Not To Be Considered                | HB 4155.1,       |            |
|                                     | Section 2-11D    |            |
+-------------------------------------+------------------+------------+
| Projected (Student Loans)           | HB 4155.1,       |            |
|                                     | Section 2-11C    |            |
+-------------------------------------+------------------+------------+
| Recurring                           | HB 4155.1,       |            |
|                                     | Section 2-11A    |            |
+-------------------------------------+------------------+------------+
| Less than 10 months                 | HB 4155.1,       |            |
|                                     | Section 2-11A    |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| LIENS                               |                  |            |
+-------------------------------------+------------------+------------+
| Federal Tax (Subordination)         | HB 4155.1,       | ML 97-26   |
|                                     | Section 2-5B     |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| # SUBJECT                           | **HANDBOOK**     | *          |
|                                     |                  | *MORTGAGEE |
|                                     | **(HB)**         | LETTER     |
|                                     |                  | (ML)**     |
+-------------------------------------+------------------+------------+
| LOAN CALCULATION                    |                  |            |
+-------------------------------------+------------------+------------+
| Purchase Money Mortgage             |                  | MLs 98-31; |
|                                     |                  | 98-29;     |
+-------------------------------------+------------------+------------+
| Hi-ratio Construction               |                  | MLs 98-31; |
|                                     |                  | 98-29;     |
+-------------------------------------+------------------+------------+
| Rounding                            |                  | ML 96-46   |
+-------------------------------------+------------------+------------+
| Storm Shelters                      |                  | ML 00-04   |
+-------------------------------------+------------------+------------+
| Streamline Refinance                |                  | ML 01-12   |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| LOAN CLOSING                        | HB 4000.2,       |            |
|                                     | Section 5-1      |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| LOAN/MORTGAGE LIMITS                |                  |            |
+-------------------------------------+------------------+------------+
| Land Contract Payoff                | HB 4155.1,       | ML 94-07   |
|                                     | Section 1-8E     |            |
+-------------------------------------+------------------+------------+
| Maximum Mortgage Limits             |                  | ML 03-23   |
+-------------------------------------+------------------+------------+
| Multiples of \$1.00                 |                  | ML 94-46   |
+-------------------------------------+------------------+------------+
| Rounding                            |                  | ML 96-46   |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| LOAN ORIGINATION/CONTRACTING OUT    |                  | ML 95-36   |
+-------------------------------------+------------------+------------+
| Flood Plain                         |                  | MLs 97-41; |
|                                     |                  | 97-22;     |
|                                     |                  | 90-16      |
+-------------------------------------+------------------+------------+
| New/Proposed Construction           | HB 4150.1,       |            |
|                                     | Section 1(1);    |            |
|                                     |                  |            |
|                                     | HB 4150.2        |            |
+-------------------------------------+------------------+------------+
| LOAN TO VALUE                       |                  |            |
+-------------------------------------+------------------+------------+
| Streamline Refinance                |                  | ML 91-26,  |
|                                     |                  | #2-5       |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| LOMA (Letter of Map Amendment)      | HB 4150.2,       |            |
|                                     | Section 2-2L     |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| LOMR (Letter of Map Revision)       | HB 4150.2,       |            |
|                                     | Section 2-2L     |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| LOSS MITIGATION                     |                  | ML 00-05   |
+-------------------------------------+------------------+------------+
| Claims Instructions                 |                  | ML 99-27   |
+-------------------------------------+------------------+------------+
| Default Counseling                  |                  | ML 00-05   |
+-------------------------------------+------------------+------------+
| Model Note/Mortgage                 |                  | ML 97-17   |
+-------------------------------------+------------------+------------+
| Partial Claim                       |                  | MLs 01-14; |
|                                     |                  | 00-05      |
+-------------------------------------+------------------+------------+
| Performance Scores                  |                  | ML 02-11   |
+-------------------------------------+------------------+------------+
| Special Forbearance Modification    |                  | ML 01-14   |
+-------------------------------------+------------------+------------+
| Time Frame Clarification            |                  | ML 01-14   |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| # SUBJECT                           | **HANDBOOK**     | *          |
|                                     |                  | *MORTGAGEE |
|                                     | **(HB)**         | LETTER     |
|                                     |                  | (ML)**     |
+-------------------------------------+------------------+------------+
| ## M                                |                  |            |
+-------------------------------------+------------------+------------+
| MANUFACTURED HOMES                  | HB 4145.1,       |            |
|                                     |                  |            |
|                                     | App. 11 and 12   |            |
+-------------------------------------+------------------+------------+
| Appraisal                           | HB 4150.2, 8     |            |
+-------------------------------------+------------------+------------+
| Eligibility                         | HB 4145.1,       |            |
|                                     | Section 3-4      |            |
+-------------------------------------+------------------+------------+
| Less Than One Year Old              | HB 4145.1,       |            |
|                                     |                  |            |
|                                     | Chap. 3 Section  |            |
|                                     | 4                |            |
+-------------------------------------+------------------+------------+
| Not Moved From Another Location     | HB 4145.1,       |            |
|                                     | Section 3-4A5    |            |
+-------------------------------------+------------------+------------+
| Red Tag (IBTS)                      |                  | \(703\)    |
|                                     |                  | 482-2010   |
+-------------------------------------+------------------+------------+
| Required Documents (High & Low      |                  | ML 96-29   |
| Ratio)                              |                  |            |
+-------------------------------------+------------------+------------+
| Permanent Foundation Guide          |                  | ML 97-36;  |
|                                     |                  |            |
|                                     |                  | HUD 7584   |
+-------------------------------------+------------------+------------+
| VA/CRV -- Not for Manufactured      | HB 4155.1,       |            |
| Homes                               | Section 1-11E    |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| MAXIMUM MORTGAGE AMOUNTS            | HB 4155.1,       |            |
|                                     | Section 1-6      |            |
|                                     |                  |            |
|                                     | HB 4000.2,       |            |
|                                     | Section 1-8      |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| MAXIMUM MORTGAGE CASH INVESTMENT    | HB 4155.1,       |            |
|                                     | Section 1-7      |            |
+-------------------------------------+------------------+------------+
| Inducements to Purchase             | 4155.1, Section  |            |
|                                     | 7B               |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| MILITARY                            | HB 4155.1,       |            |
|                                     | Section 3-5A     |            |
+-------------------------------------+------------------+------------+
| Occupancy                           | HB 4155.1,       |            |
|                                     | Section 2-2E     |            |
+-------------------------------------+------------------+------------+
| Power of Attorney                   | HB 4155.1,       |            |
|                                     | Section 3-5A     |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| MODIFIED COST                       | HB 4000.4,       |            |
|                                     | Section 3-12     |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| MORTGAGE BROKER FEE                 |                  | ML 96-12   |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| MORTGAGE CREDIT REJET               | HB 4000.2,       |            |
|                                     | Section 4-2A     |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| MORTGAGE INSURANCE                  |                  |            |
+-------------------------------------+------------------+------------+
| By Lender                           |                  | ML 05-36   |
+-------------------------------------+------------------+------------+
| Condominium (UFMIP + Monthly)       |                  | ML 05-38   |
| January 1, 2006                     |                  |            |
+-------------------------------------+------------------+------------+
| Correction format (Suggestion)      | HB 4000.2, App.  |            |
|                                     | VII              |            |
+-------------------------------------+------------------+------------+
| Electronic Submission (MIP)         |                  | \(202\)    |
|                                     |                  | 708-9906   |
+-------------------------------------+------------------+------------+
| Late UFMIP                          | HB 4000.2,       | ML 90-41   |
|                                     | Section 5-2      |            |
+-------------------------------------+------------------+------------+
| Monthly MIP                         |                  | MLs 00-46; |
|                                     |                  | 00-38      |
+-------------------------------------+------------------+------------+
| Mortgage Insurance                  | HB 4000.2,       | MLs 00-46: |
|                                     | Section 1-12     | 00-38;     |
+-------------------------------------+------------------+------------+
| Premium                             |                  |            |
+-------------------------------------+------------------+------------+
| Annual                              | HB 4000.2,       | ML 91-26   |
|                                     | Section 1-12B    | (Base)     |
+-------------------------------------+------------------+------------+
| Condominium                         |                  | ML 05-38   |
+-------------------------------------+------------------+------------+
| # SUBJECT                           | **HANDBOOK**     | *          |
|                                     |                  | *MORTGAGEE |
|                                     | **(HB)**         | LETTER     |
|                                     |                  | (ML)**     |
+-------------------------------------+------------------+------------+
| MORTGAGE INSURANCE (Continued)      |                  |            |
+-------------------------------------+------------------+------------+
| Cancellation of Annual MIP          | HB 4000.2,       |            |
|                                     | Section 1-11C    |            |
+-------------------------------------+------------------+------------+
| Electronic Submission               |                  | \(202\)    |
|                                     |                  | 708-9906   |
+-------------------------------------+------------------+------------+
| Monthly                             | HB 4000.2,       |            |
|                                     | Section 1-12C    |            |
+-------------------------------------+------------------+------------+
| Netting Premium Refunds             |                  | ML 00-46   |
+-------------------------------------+------------------+------------+
| Refund Exceeding New MIP            |                  | ML 00-46   |
+-------------------------------------+------------------+------------+
| Refund Computations                 | HB 4000.2,       | MLs 00-46; |
|                                     | Section 1-11A    | 93-36      |
+-------------------------------------+------------------+------------+
| Refinance MIP                       | HB 4155.1,       |            |
|                                     | Section 1-12     |            |
+-------------------------------------+------------------+------------+
| Up-front MIP                        | HB 4000.2,       | ML 00-38   |
|                                     | Section 1-12A    |            |
|                                     |                  |            |
|                                     | HB 4000.2,       |            |
|                                     | Section 1-11A    |            |
+-------------------------------------+------------------+------------+
| Remitting -- Monthly (202) 708-9906 |                  |            |
| or 0614                             |                  |            |
+-------------------------------------+------------------+------------+
| UFMIP -- All Financed or None       | HB 4155.1,       |            |
|                                     | Section 1-9F     |            |
+-------------------------------------+------------------+------------+
| UFMIP -- 1^st^ Time Homebuyer       |                  | ML 00-38   |
+-------------------------------------+------------------+------------+
| UFMIP -- Odd Cents                  |                  | ML 97-26   |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| MORTGAGE INSURANCE CERTIFICATE      |                  |            |
+-------------------------------------+------------------+------------+
| Elimination of Paper                |                  | ML 03-17   |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| MORTGAGE INSURANCE PREMIUM          |                  |            |
+-------------------------------------+------------------+------------+
| 15 Year Loans                       |                  | ML 00-46   |
+-------------------------------------+------------------+------------+
| Annual                              | HB 4000.2,       |            |
|                                     | Section 1-11B    |            |
+-------------------------------------+------------------+------------+
| Certificate (Closed in name of Loan |                  | ML 96-12,  |
| Correspondent                       |                  | #2         |
|                                     |                  |            |
| Sponsor                             |                  |            |
+-------------------------------------+------------------+------------+
| Cancellation (MMI Fund -- 78% LTV)  | HB 4000.2,       | MLs 00-38; |
|                                     | Section 1-11A    | 00-46      |
+-------------------------------------+------------------+------------+
| Collection (Periodic)               |                  | MLS 99-25; |
|                                     |                  | 98-24;     |
|                                     |                  | 98-22      |
+-------------------------------------+------------------+------------+
| Computation Refund (UFMIP)          | HB 4000.2,       | MLs 00-46; |
|                                     | Section 1-11A    | 00-38      |
+-------------------------------------+------------------+------------+
| Condominium (Monthly + Up From MIP) |                  | ML 05-38   |
+-------------------------------------+------------------+------------+
| Elimination of                      |                  | ML 05-03   |
+-------------------------------------+------------------+------------+
| Late UFMIP Penalties & Interest     | HB 4000.2,       | ML 90-41   |
|                                     | Section 5-2      |            |
+-------------------------------------+------------------+------------+
| Monthly MIP                         |                  | MLs 00-38; |
|                                     |                  | 91-26      |
+-------------------------------------+------------------+------------+
| Refinance                           |                  | ML 00-46   |
+-------------------------------------+------------------+------------+
| UFMIP                               |                  | MLs 00-46; |
|                                     |                  | 00-38;     |
|                                     |                  | 96-48;     |
|                                     |                  | 97-37;     |
|                                     |                  | 94-14      |
+-------------------------------------+------------------+------------+
| UFMIP-Paid in Cash or Financed      |                  | ML 97-26   |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| MORTGAGE NOTE & FORMS               | HB 4165.1, Chap. |            |
|                                     | 4                |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| MORTGAGEE APPROVAL                  | HB 4060.1        | MLs 95-36; |
|                                     |                  | 94-47      |
+-------------------------------------+------------------+------------+
| Address (headquarters)              | HB 4060.1,       |            |
|                                     | Section 4-2      |            |
+-------------------------------------+------------------+------------+
| Application Approval                | HB 4060.1,       |            |
|                                     | Section 2-3      |            |
+-------------------------------------+------------------+------------+
| Application Coordinator             |                  | ML 99-17   |
+-------------------------------------+------------------+------------+
| Application Fee                     | HB 4060.1,       | ML 94-47   |
|                                     | Section 2-3      |            |
+-------------------------------------+------------------+------------+
| # SUBJECT                           | **HANDBOOK**     | *          |
|                                     |                  | *MORTGAGEE |
|                                     | **(HB)**         | LETTER     |
|                                     |                  | (ML)**     |
+-------------------------------------+------------------+------------+
| MORTGAGEE APPROVAL (Continued)      |                  |            |
+-------------------------------------+------------------+------------+
| Application Processing              | HB 4060.1        | MLs 00-40; |
|                                     |                  | 6-10, #I;  |
|                                     |                  |            |
|                                     |                  | 95-36, #6; |
|                                     |                  | 94-47      |
+-------------------------------------+------------------+------------+
| Approval Forms                      |                  | ML 96-64   |
+-------------------------------------+------------------+------------+
| Authorized Agent                    | HB 4000.4,       | ML 96-12,  |
|                                     | Section 2-12     | #5         |
+-------------------------------------+------------------+------------+
| Definition                          | HB 4060.1,       | ML 94-47,  |
|                                     | Section 2-27     | #6         |
+-------------------------------------+------------------+------------+
| Branch Offices                      |                  | MLs 96-12; |
|                                     |                  | 94-47      |
+-------------------------------------+------------------+------------+
| Loan Approval                       |                  | ML 95-36   |
+-------------------------------------+------------------+------------+
| New Branching                       |                  | ML 00-15   |
+-------------------------------------+------------------+------------+
| CHUMS ID                            |                  | ML 96-10   |
+-------------------------------------+------------------+------------+
| Conflict of Interest                | HB 4060.1,       | ML 94-39   |
|                                     | Section 2-24     |            |
+-------------------------------------+------------------+------------+
| Contract Employees                  |                  | MLs 96-18; |
|                                     |                  | 94-39      |
+-------------------------------------+------------------+------------+
| Conversion of Type                  | HB 4060,1,       | ML 94-39   |
|                                     | Section 5-9      |            |
+-------------------------------------+------------------+------------+
| Credit Report                       |                  | ML 94-47   |
+-------------------------------------+------------------+------------+
| Residential Mortgage                |                  |            |
+-------------------------------------+------------------+------------+
| Business                            |                  |            |
+-------------------------------------+------------------+------------+
| DE Approval                         |                  | MLs 96-10, |
|                                     |                  | #I;        |
|                                     |                  |            |
|                                     |                  | 94-47, #4  |
+-------------------------------------+------------------+------------+
| Test Cases                          | HB 4000.4,       |            |
|                                     | Section 2-10     |            |
+-------------------------------------+------------------+------------+
| Closed, Prior to HUD Review         | HB 4000.4,       |            |
|                                     | Section 2-10A    |            |
+-------------------------------------+------------------+------------+
| DE Registration                     |                  | ML 96-10,  |
|                                     |                  | #I         |
+-------------------------------------+------------------+------------+
| Employees                           | HB 4060.1,       | ML 96-18   |
|                                     | Sections 2-11;   |            |
|                                     | 2-13; 2-14       |            |
+-------------------------------------+------------------+------------+
| Fee                                 |                  | ML 94-47,  |
|                                     |                  | #5         |
+-------------------------------------+------------------+------------+
| Fidelity Bond/Errors & Omissions    | HB 4060.1,       |            |
| Coverage                            | Section 2-6      |            |
+-------------------------------------+------------------+------------+
| Financial Statements                |                  | ML 94-39   |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| FHA Connection -- Lender Approval   |                  | ML 99-17   |
| Functions                           |                  |            |
+-------------------------------------+------------------+------------+
| Funding Program                     | HB 4060.1,       |            |
|                                     | Section 3-3C     |            |
+-------------------------------------+------------------+------------+
| Government Institution Mortgagee    | HB 4000.4,       |            |
|                                     |                  |            |
|                                     | Section 2-8A(2)  |            |
+-------------------------------------+------------------+------------+
| Ineligible Participants             | HB 4060.1,       |            |
|                                     | Section 2-23     |            |
+-------------------------------------+------------------+------------+
| Lending Area                        |                  | ML 95-36,  |
|                                     |                  | Page 3     |
+-------------------------------------+------------------+------------+
| Licensing by State                  | HB 4060.1,       |            |
|                                     | Section 2-9      |            |
+-------------------------------------+------------------+------------+
| Loan Correspondent                  | HB 4000.4,       |            |
|                                     | Section 2-13;    |            |
|                                     |                  |            |
|                                     | HB 4060.1,       |            |
|                                     | Section 3-4      |            |
+-------------------------------------+------------------+------------+
| Activities                          | HB 4060.1,       |            |
|                                     | Section 3-4B     |            |
+-------------------------------------+------------------+------------+
| Branch Office                       | HB 4060.1,       |            |
|                                     | Section 3-4D     |            |
+-------------------------------------+------------------+------------+
| Definition                          | HB 4060.1,       |            |
|                                     | Section 1-3C     |            |
+-------------------------------------+------------------+------------+
| Loan Origination Functions          |                  | ML 95-36   |
+-------------------------------------+------------------+------------+
| Loan Origination Requirements       | HB 4060,1,       |            |
|                                     | Section 2-25     |            |
+-------------------------------------+------------------+------------+
| Monthly MIP                         |                  | ML 00-38   |
+-------------------------------------+------------------+------------+
| Monitoring Reports                  | HB 4000.4,       | ML 99-15   |
|                                     | Section 4-14     |            |
+-------------------------------------+------------------+------------+
| # SUBJECT                           | **HANDBOOK**     | *          |
|                                     |                  | *MORTGAGEE |
|                                     | **(HB)**         | LETTER     |
|                                     |                  | (ML)**     |
+-------------------------------------+------------------+------------+
| MORTGAGEE APPROVAL (Continued)      |                  |            |
+-------------------------------------+------------------+------------+
| Multiple Employers                  | HB 40060.1,      | ML 96-18   |
|                                     | Section 2-14     |            |
+-------------------------------------+------------------+------------+
| Net Worth Requirements              | HB 4060.1,       |            |
|                                     | Section 2-4      |            |
+-------------------------------------+------------------+------------+
| Non-performing                      | HB 4000.4,       |            |
|                                     | Section 4-10C    |            |
+-------------------------------------+------------------+------------+
| Non-supervised Mortgagee            | HB 4000.4,       |            |
|                                     |                  |            |
|                                     | Section 2-8A(3); |            |
|                                     |                  |            |
|                                     | HB 4060.1,       |            |
|                                     | Section 3-3      |            |
+-------------------------------------+------------------+------------+
| Activities                          | HB 4060.1,       |            |
|                                     | Sections 3-3A &  |            |
|                                     | 3-3D             |            |
+-------------------------------------+------------------+------------+
| Definition                          | HB 4060.1,       |            |
|                                     | Sections 1-3B, & |            |
|                                     | 3-3              |            |
+-------------------------------------+------------------+------------+
| Number of Staff                     |                  | ML 94-39   |
+-------------------------------------+------------------+------------+
| Office Facilities                   | HB 4060.1,       | MLs 95-36, |
|                                     | Section 2-16     | 2;         |
|                                     |                  |            |
|                                     |                  | 94-47      |
+-------------------------------------+------------------+------------+
| Home Office                         |                  | ML 96-12,  |
|                                     |                  | #1         |
+-------------------------------------+------------------+------------+
| Part Time Employees                 | HB 4060.1,       | ML 94-39   |
|                                     | Section 2-14     |            |
+-------------------------------------+------------------+------------+
| Permissible Payments                | HB 4060.1,       |            |
|                                     |                  |            |
|                                     | Sections C & D   |            |
+-------------------------------------+------------------+------------+
| Pre-closing Review                  | HB 4000.4,       |            |
|                                     | Section 2-10A    |            |
+-------------------------------------+------------------+------------+
| Processing                          | HB 4000.4,       |            |
|                                     | Section 4-12     |            |
+-------------------------------------+------------------+------------+
| Probation                           | HB 4000.4,       |            |
|                                     | Section 5-5      |            |
+-------------------------------------+------------------+------------+
| Prohibited Compensation             | HB 4060.1,       |            |
|                                     | Section 2-24B    |            |
+-------------------------------------+------------------+------------+
| Prohibited Payments                 | HB 4060.1,       |            |
|                                     |                  |            |
|                                     | Sections 2-24 A  |            |
|                                     | & B              |            |
+-------------------------------------+------------------+------------+
| Quality Control Plan                | HB 4060.1,       | ML 94-47   |
|                                     | Section 6        |            |
+-------------------------------------+------------------+------------+
| Rating Reports                      |                  | ML 95-36,  |
|                                     |                  | Page 4     |
+-------------------------------------+------------------+------------+
| Re-Certification                    | HB 4060.1,       |            |
|                                     | Section 1-6      |            |
+-------------------------------------+------------------+------------+
| Reporting Business Changes          |                  | ML 95-36   |
+-------------------------------------+------------------+------------+
| Required Documents                  | HB 4060.1,       |            |
|                                     | Section 4-6      |            |
+-------------------------------------+------------------+------------+
| Loan Correspondent                  | HB 4060.1,       |            |
|                                     | Section 4-9      |            |
+-------------------------------------+------------------+------------+
| Non-Supervised Mortgagee            | HB 4060.1,       |            |
|                                     | Section 4-8      |            |
+-------------------------------------+------------------+------------+
| Supervised Mortgagee                | HB 4060.1,       |            |
|                                     | Section 4-7      |            |
+-------------------------------------+------------------+------------+
| Additional Requests                 |                  | ML 94-47,  |
|                                     |                  | #5         |
+-------------------------------------+------------------+------------+
| Changing ID Numbers                 |                  | ML 99-7    |
+-------------------------------------+------------------+------------+
| Staffing Requirements               | HB 4060.1,       | ML 95-36   |
|                                     | Section 2-12     |            |
+-------------------------------------+------------------+------------+
| Starter Kit                         |                  | ML 00-40   |
+-------------------------------------+------------------+------------+
| Supervised Mortgagee                | HB 4000.1,       |            |
|                                     |                  |            |
|                                     | Section 2-8A(1); |            |
|                                     |                  |            |
|                                     | HB 4060.1,       |            |
|                                     | Section 3-2      |            |
+-------------------------------------+------------------+------------+
| Activities                          | HB 4060.1,       |            |
|                                     | Section 3-2A     |            |
+-------------------------------------+------------------+------------+
| Definition                          | HB 4000.1,       |            |
|                                     | Section 1-3A     |            |
+-------------------------------------+------------------+------------+
| Territorial Approval                | HB 4060.1,       | MLs        |
|                                     | Section 2-18A    | 96-12,3;   |
|                                     |                  | 95-36;     |
|                                     |                  |            |
|                                     |                  | 94-47      |
+-------------------------------------+------------------+------------+
| # SUBJECT                           | **HANDBOOK**     | *          |
|                                     |                  | *MORTGAGEE |
|                                     | **(HB)**         | LETTER     |
|                                     |                  | (ML)**     |
+-------------------------------------+------------------+------------+
| MORTGAGEE APPROVAL (Continued)      |                  |            |
+-------------------------------------+------------------+------------+
| Training                            | HB 4000.4,       |            |
|                                     | Section 2-9      |            |
+-------------------------------------+------------------+------------+
| Underwriter                         | HB 4000.4,       |            |
|                                     | Section 2-4      |            |
+-------------------------------------+------------------+------------+
| Underwriter Changes, Additions,     |                  | MLs 96-10; |
| Transfers, etc.                     |                  | 99-17      |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| MORTGAGEE MONITORING                | HB 4000.4,       |            |
|                                     | Section 5-2;     |            |
|                                     |                  |            |
|                                     | HB 4060.1,       |            |
|                                     | Section 7        |            |
+-------------------------------------+------------------+------------+
| Administration Sanctions/Penalties  | HB 4060.1,       |            |
|                                     | Section 1-7      |            |
+-------------------------------------+------------------+------------+
| Credit Watch Status                 |                  | MLs 01-23; |
|                                     |                  | 99-15;     |
|                                     |                  | 00-3       |
+-------------------------------------+------------------+------------+
| Deficiencies                        | HB 4000.4,       |            |
|                                     | Section 5-3      |            |
+-------------------------------------+------------------+------------+
| Indemnification                     |                  |            |
+-------------------------------------+------------------+------------+
| Agreement                           | HB 4000.4,       |            |
|                                     | Section 5-4B     |            |
+-------------------------------------+------------------+------------+
| Manual Records                      | HB 4000.4,       |            |
|                                     | Section 5-8      |            |
+-------------------------------------+------------------+------------+
| On-site Review                      | HB 4000.4,       |            |
|                                     | Section 5-2C     |            |
+-------------------------------------+------------------+------------+
| Post-Endorsement Technical Review   | HB 4060.1,       |            |
|                                     |                  |            |
|                                     | Sections 7-3 &   |            |
|                                     | 7-4              |            |
+-------------------------------------+------------------+------------+
| Probation                           | HB 4000.4,       |            |
|                                     | Section 5-2A     |            |
+-------------------------------------+------------------+------------+
| Quality Control Reports             | HB 4000.4,       |            |
|                                     | Section 5-5      |            |
+-------------------------------------+------------------+------------+
| Record Retention                    | HB 4000.4,       | ML 99-15   |
|                                     | Section 5-2B     |            |
+-------------------------------------+------------------+------------+
| Termination                         | HB 4000.2,       |            |
|                                     | Section 5-10;    |            |
|                                     |                  |            |
|                                     | HB 4060.1,       |            |
|                                     | Section 1-4B     |            |
+-------------------------------------+------------------+------------+
| Withdrawal of DE Status             | HB 4000.4,       |            |
|                                     | Section 5-6      |            |
+-------------------------------------+------------------+------------+
|                                     |                  |            |
+-------------------------------------+------------------+------------+
| MULTIPLE EMPLOYERS (LENDERS)        |                  | ML 96-18   |
+-------------------------------------+------------------+------------+