To: Barrett, Paul S From: Jeffrey Sent: Tue 5/1/2012 8:05:21 PM Subject: Re: $2.59mm of WAMU 04-AR3 B2 @ 62-16 (10% yield / 6.26 durn) Yes Sorry for all the typos .Sent from my iPhonc On May I, 2012, at 3:53 PM, "Barrett, Paul S" wrote: Jeffrey Found a bond for the $1MM we were looking to spend from last week. WAMU 04-AR3 82 is a Prime 5/1 Subordinate bond backed by seasoned Prime 5/1 hybrid jumbo mortgages. HIGHLIGHTS - 747 MO HPI Updated LTV = 58.53% 85% of the borrowers have not missed a payment in the past 2 years 96% owner occupied - 97 months seasoned WAMU 2004-AR3 B2 Offered @ 62-16 BOND DESCRIPTION Prepay Rate 6 Cusip: 92922FNM6 Default Rate 1 ramp Original Face: 2,590,000 Default Severity 35 fo Current Face: 1$88,737 Bond Type: Prime 5/1 Sub Price @ 62.16 Stres Ratings (S&P/Moodys/Fitch): CCC/Ca/- Yield 4 Current Coupon: 2.586% Spread Yield @ Base Case 10.001% Duration WAL @ Base Case 9.58 WAL 9 Principal Window @ Base Case Jun12 to Apr34 Principal Window Jun12 EFTA_R1_00296632 EFTA01882859