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Detail on Single-Lender Mortgage Web Sites

Summary Rankings of Web Sites, January 12, 2005

Rank	URL	Score	Rank	URL	Score
1	Amerisave.com	47	11	Countrywide.com**	0**
2	Eloan.com	46	12	Citimortgage.com	24
3	Mortgage.com (ABN AMRO)	42	13	Ditech.com	20
4	Indymac.com	37	14	Wells Fargo.com\mortgage	20
5	Greenpointmortgage.com	32	15	Wachovia.com	19
6	Chasehomefinance.com	30	16	Gmacmortgage.com	15
7	Mortgage.etrade.com	29	17	Homeloancenter.com	14
8	Charteronedirect.com	29	18	Infoloan.com	12
9	Wamuhomeloans.com	26	19	Home.ingdirect.com/open/open.html	12
10	Bankofamerica.com	25

**Sometime in 2006, Countrywide eliminated all pricing from its web site.
COMPONENTS OF SCORE

LENDER

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Purpose/Occupancy

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Cash-out Refi (1)

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Second Home (1)

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Investment (1)

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Property

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2-Unit (1)

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3-Unit (1)

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4-Unit (1)

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Condo (1)

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PUD (1)

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Co-op (1)

O

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X

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Townhouse (1)

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Units under construction (1)

O

Manufactured (1)

X

X

Type of Mortgage

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10-year FRM (1)

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20-year FRM (1)

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1-month ARM (1)

3-month ARM (1)

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6-month ARM (1)

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1-year ARM (1)

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3-year ARM (1)

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5-year ARM (1)

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7-year ARM (1)

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10-year ARM (1)

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Flex payment (option) ARMs (1)

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5-year balloon (1)

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7-year balloon (1)

X

FHA (1)

VA (1)

IO Option on ARMs (1)

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IO Option on FRMs (1)

X

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Lock Period Assumption

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User selects (2)

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Site selects, assumption clear? (1)

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Lock Procedure Explained (1)

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Escrow Assumption

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User selects (2)

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Site selects, assumption clear? (1)

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Sub Financing Assumption

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User selects (2)

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Site selects, assumption clear? (1)

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Prepayment Penalty Assumption

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User selects (2)

X

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X

Site selects, assumption clear? (1)

X

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Down Payment Assumption

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User selects (2)

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Maximum clearly noted? (1)

X

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<5% option priced? (1)

X

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X

Documentation Assumption

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Assumption clearly noted? (1)

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Stated income option (1)

X

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Low documentation option (1)

X

No Documentation option (1)

No ratio option (1)

IR/Point Combinations

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Points = > 3 (1)

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Rebates = > 1 (1)

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No-cost (1)

X

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Information on ARMs

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Index (1)

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Current value of index (1)

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Margin (1)

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Rate adjustment cap (1)

X

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Maximum rate (1)

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Info on Negative Amort ARMs

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Payment cap (1)

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Loan balance cap (1)

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Recast requirement (1)

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Settlement Costs

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Total shown (1)

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Lender fees separated (1)

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Lender fees guaranteed (1)

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Includes appraisal (1)

X

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Includes credit report (1)

X

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Includes all third party fees (2)

X

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Credit Rating

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User selects (2)

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Site selects, assumption clear (1)

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Shows Niches Covered (3)

X

X

SCORE

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46

42

37

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0

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