From: Jeffrey Epstein <jccvacation®gmail.com>
To: "Barrett, Paul Su a
Subject: Re: NEW PRIME HY RMBS #2 - 5.79mm of CWHL 03-60 M 69-08 (7.69% yield / 7.58 dem)
Date: Thu, II Oct 2012 16:05:16 +0000
ok
On Thu. Oct 11, 2012 at 5:53 PM, Barrett, Paul S a wrote:
Jeffrey
This is a great replacement for the last mortgage bond we sold. Would pick up $1MM worth. Let me know.
Paul
US Onshore Chows - Blue Sky (US. State Securities low). Please confirm Blue Sky eiloitithey before soksting too Us Onshore NUM by entering the GUMP Mto the web tooflocatedotatm.Licacepo anw0MmattsliStatantaoatail
and review to see of your client's state of residence is listed. If you receive WO SWUM,' FOUND; WO STATES FOUN' or the %colicky DOES NOT HAVE A CUSIP arts not USadenonlinated, then please contact your SM or local compaance officer
and provide the requested security and cheat AM/motion. Please note Mot sultablIny review cod other pre-rtade procedures man sal) be fallowed.
The CWHL 03-60 M is a seasoned prime mezzanine bond backed by hybrid ARM borrowers.
Please call the desk with all bids/inoulries related to this bond. X32124
NIGHUGHTS
%PI Updated LTV . 64%
77% of the borrowers have not missed a payment in the past 2 years
106 months seasoned
725 nco
5463k average balance
••Source: Bloomberg
CWFIL 2003-60 M Offend f3 69-08
BONODESCRIPTION Peter,' Role CPR 12 Imp 12 10 CPR 12 ramp 24 14 CPR
Cusp 12669F.M7 Wail Rase 105.5 It 303CDR 64 5/or 204 ramp 12 3 COR 84.5 rep 243 COR
Cflanal Face: 5.979000 Ocradt Sanely 66 ramp 36 45 45 ramp 24 40 40 rano 24 35
Currant Face: 3.246993 Odiro Rate 'Snorters 15 PNoog: 15 Porcani
Borst bps! Prance ROM Ales oearoathanco Mot.) SOO ICO 100
Rali9S(SEPRAcodranICh) B90I9
Current Capon 4 191%
rise MACAWS 7.601% PM:4,MM anstaw Base Can beaten. CON
WM- 0B40•010* 11.66 Ylilid 2063 7 591 9 269
PrhdpelAirnow 0 Bate Case Nova1004M Spread over Tay 45 571 764
Mteockran % 10.10% Duration 7.96 7.5.1 6.35
Curran, Ccolg Ern a-corn% 744% rat. 919 11.68 9.26
OD. CC0,1411,0C. 14 IS Panted V/Indow Nov12 fa Dec33 ?icy t to0ct-33 Novi2 to Ots:33
CO. CC0,1411,Cy 0:”Crar 0 522 pnowai Madam 5512% 14.14% ton
Total Cold Ices 165% 1.25% 1.00%
UNDERLYING CaLATERAI DESORPTION Total Metnlation 2337% 18.99% 15.49%
Agernie Loon Balance ($.000S) 463
Long Coon 102
klortgaBo Type Film IblarldINVai asOB 3 MOS 5 MOS
W10 Avg W4909> Coupon 4.349% CPR 1160 0 22$
%VW Avg FICO Soar* 725 COR 0.00 0.00 499
MOS Avg Oro Loan-NO/aloe 699095 5EV NA NA 4591
BPI A4 LTV 84.31%
Weghte0 Art teenage 106
CV"Of Occupied 9737
Top I Geo Conconfrallon CAN%
Top2Gaoconcemanon NY 6%
Top 3Geo Contentrelion MA 5%
Mask Cereal 124 most nin
IMPORTANT DISCLAIMER:
Non.agency PM BS is a complex fixed income product and is not suitable for all investors. Please note that while desk assumptions are driven by a number of collateral and mane factors, the historical performance of a deal is
not indicative of its future performance. Additionally, this message is a product of sales and trading and is not a research report. Other key risks to consider are outlined below:
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Al investments are subject to possible loss of principal
Non-Agency bonds may have Whited liquidityand clients should be aware that the secondary market for mortgage-basked securities has experienced periods of illiquidity and Mb/de so in the future. Illiquidity means
that there may not be any purchasers for your class of certificates. Although any class of certificates Mb/experience iltquidity, it is more likely that classes that are lower in the capital structure and non-investment grade
related may experience greater illiquidity than more senior, investment-grade rated classes.
- High Yield Non-Agency bonds are speculative non-investment grade bonds that have higher risk of default or other adverse treat events which ate appropriate for high risk investors only
Non-Agency bonds are intended for clients with a murmurs total net worth of SSOnim. Please make sure your client fulfills this requirement before soliciting this order.
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