to you at closing. This fee will be refunded if the mortgage loan offered in this Agreement fails to close within the rate lock period for reasons unrelated to, and not caused, either directly or indirectly, by you. Other lock options may be available. Ask us for details.

Settlement Date. Upon acceptance of this Agreement, settlement must occur within the rate lock period applicable to your loan product as specified above, if you have locked the rate, or if no rate lock period applies by [insert date]. If we permit an extension of these periods, extension fees may apply. Extension fees are not included in the Guaranteed Loan Settlement Charge.

II. GUARANTEED LOAN SETTLEMENT CHARGE

We provide you a GUARANTEED LOAN SETTLEMENT CHARGE for packaged settlement services required to complete your mortgage. This GUARANTEED LOAN SETTLEMENT CHARGE does not include (i) any charge of a type payable in a comparable cash transaction, (ii) any amount charged to satisfy underwriting conditions, including conditions regarding the mortgage property's compliance with applicable laws and ordinances, (iii) any amount charged by a borrower-selected settlement service provider if different from the packager-selected provider of that service, and (iv) charges due to unforeseeable and extraordinary circumstances. You will pay this GUARANTEED LOAN SETTLEMENT CHARGE in addition to the OTHER REQUIRED SETTLEMENT COSTS itemized in Section III. The precise services for each transaction may vary.

Upon request we will notify you whether we have obtained certain reports, such as a pest inspection, our valuation of the property, our inspection of title and/or a credit verification, if any. Upon request, we will provide you with a copy of any pest inspection report we receive.

The GUARANTEED LOAN SETTLEMENT CHARGE may vary if: (i) the loan amount or loan product changes; and/or (ii) you select settlement service providers for packaged services other than those we generally use.

GUARANTEED LOAN SETTLEMENT CHARGE:

$

III. OTHER REQUIRED SETTLEMENT COSTS:

In addition to the GUARANTEED LOAN SETTLEMENT CHARGE, you are or may be required to pay advance mortgage, hazard and flood insurance premiums, and to establish escrow reserves at settlement. Some of these costs may vary depending on when your loan closes and how much insurance you are required to obtain. In addition, you may be required to pay a lock-in fee if and when you decide to lock in the conditional interest price. No lender required cost may be imposed on you at settlement that is not specifically itemized and estimated in this Section other than the Guaranteed Loan Settlement Charge (or items expressly excluded from such Guaranteed Loan Settlement Charge) as described in Section II.

F. Lock-in Fee

IV. OPTIONAL OWNER'S TITLE INSURANCE (1100)

[PROPERTY TAXES]

TOTAL ESTIMATED SETTLEMENT COSTS (SUM OF SEC. II and III:

$

By signing, dating, and returning this GMPA to us within the time period specified in the first paragraph of this Agreement, together with the specified application-related fee, you and we will be contractually bound to the terms of this GMPA provided that you qualify for this mortgage based on your credit rating, the appraisal, and other appropriate criteria. We certify that if we do not fund loans, we have arrangements with one or more lenders to which our guaranteed mortgage packages are acceptable, subject to such lenders' underwriting and final approval of the loan.

Signature of Authorized Agent

Signature(s) of Borrower(s)

Date

Date

This offer does not constitute an application for credit as that phrase is defined under applicable federal law, unless and until you accept this offer.

C. Note: This form is furnished to give you a statement of actual settlement costs Amounts paid to and by the settlement agent are shown. Items marked "(p.o.c.)" were paid outside the closing, they are shown here for informational purposes and are not included in the totals D. Name & Address of Borrower E Name & Address of Seller F. Name & Address of Lender G. Name & Address of Packager

Tab 6

Sample Mortgage Broker Fee Agreement

Mortgage Broker Fee Agreement

In the following: I or me = Applicant; You = Mortgage Broker.

Mortgage Brokerage Assistance. You are duly authorized and prepared to assist me in arranging mortgage financing for my home, and you agree to provide such assistance, as set forth below.

Amount of Broker Compensation. I understand that, as compensation for the goods, services and facilities you provide, your total mortgage broker compensation from all sources will not exceed:

[$

and/or [specify which]

point(s)] (one points equals 1 percent of the original principal balance of

the actual mortgage loan obtained.)

Method of Broker Compensation Payment. I understand that I may have a choice as to how your compensation is paid. Depending on such factors as my financial circumstances, whether I qualify for a loan and/or whether a loan program is available:

I may pay your compensation for the services you provide out of my pocket directly.

If I want to lower the amount I compensate you out of my pocket directly:

> I may have the lender pay some or all of your compensation, in which case the lender will charge me a higher interest rate which could result in higher monthly payments; and/or

> I may use the proceeds of the loan to pay some or all of your compensation, in which case I will be obligated to repay that amount with interest over the term of the loan.

I understand that I should discuss with you in further detail the specific options available to me to pay for your compensation, including the impact of each such option on the amount of cash I must bring to the closing, my interest rate, loan amount and monthly payments.

Nature of the Relationship. [Choose appropriate text] [Independent Contractor - I understand that in connection with this Agreement, you are not acting as my agent. You are also not acting as the lender's agent. Although you seek to assist me in meeting my financial needs, you may not make available the products of all lenders or investors in the market or the lowest prices or best terms available in the market.] [Borrower Agent - I understand that in connection with this Agreement and any mortgage loan you arrange for me, you are acting as my agent. You are not acting as the lender's agent. Although you seek to assist me in meeting my financial needs, you do not distribute the products of all lenders or investors in the market and cannot guarantee the lowest prices or best terms available in the market.] [Lender's Agent - In assisting to arrange financing for my home, I understand that you are not my agent and that you are acting as the agent of the lender.]

Termination. This Agreement will continue until one of the following events occurs: