EFTA00941816.pdf

From: Jeffrey Epstein <[email protected]> To: "Barrett, Paul S" e > Subject: Re: Rplaccment for the mortgage we sold last week - NEW PRIME RMBS SUB - 53.325mm of CWHL 03-26 BI O580-16 (7.56% yield 13.16 dust) Date: Thu. 23 Aug 2012 15:18:52 +0000 yes On Thu, Aug 23, 2012 at 11:16 AM, Barrett, Paul S wrote: 'astray This is a good replacement for the mortgage we sold last week. Spending around S1.311.6.4. Let me know. Paul "'ALL OFFERS ARE SUBJECT US Onshore Mots -Blue sky (U.S Store securities Local: Please confinw Mite sty eftqltAVly &pee sainting too US Onshore Went by entering the MN Into the web toedlocated ot httpiEpseppvtemeciprnehose.oetsofOIRJueskyPoothtml and review to see if youa' alcove's store of residence Is 'Med If you receive NO SECURITY FOUND', WO STATES FOUND/ or the scanty DOES NOT RAVE A CUSP or is not usa denominated. thenplease rental your Shl or local compliance of and provide the requested security DM diva lAtoonotion. Please note that o sunobteity review and other pre.trode proceduresmost sal be followed. The CWHL 03-26 81is a prime Fix Subordinate bond backed by seasoned prime 30 fix mortgages. The underlying mortgages are 109 months seasoned and have an updated LW of 47% according to Bloomberg. Approximately 80% of the borrowers have not missed a payment in the past 2 years. This bond should make sense for clients who want a higher octane, levered play in the MISS space. Please call the desk with all bids/inquiries related to this bond. X32124 HICHUGHTS HPI Updated LTV 6 47% 80% of the borrowers have not missed a payment in the past 2 years 109 months seasoned 741 FICO 5310k average balance "Source: Bloomberg CWWL 2001-26 131 Offered 4t 8046 BOND OESCRIPTS4 Prop-m- Rale 16 CPR 18 ramp 18 22 CPR 20 tamp 18 24 CPR Cusp 12009ERR0 D01444 Rob s s s nor )32.5 rano sa i2s ccrx 4 tamp 30 2 5 I tamp 2405 CDR a ramp 24 2.5 0 5 CDR orunst Epee 3.325.000 plait Smenlv 40 ramp 1836 35 35 00.2 1830 Current Fain 1.625.664 Bond Twe Plum Pa Sub Prime 00-16 SOS has am Can R•00991nt Cale Rs,.^≥1$043PAloolisSitchl Yield -0 071 562 12.101 Current Cor.pon 5 337% Spread over Tey .149 684 1137 Reid O Base Case Duration 3.52 3.16 2.97 uirk g ease Casa VIAL 4.62 4.00 4.16 Prempaisidow 4/i Base Case Boon loJul33 Proic0.1 Midas Soli to May25 sop12 toJul33 Sepl2 lo Jun33 Mims, % 17.00% Princkagedikin 48.13% 17.00% 000% Current Croft ErPrpmerntet 232% TotelColleacee 035% 0.31% 0.24% 30. Otambrenceo 7.47 Total Stedelion 701% 8.45% 6.36% Car Ocrina4encyCmerape 0.316 unDERLIONGCOLLATERALOESCRiPnoti lag; Sign 4,40, Annt020 Loan BARRI, (5.00IR) 310 CPR 15.76 18 19 2436 Lean Car/ 365 CDR 0.00 0.00 000 Llartgage Type Prime 30o nx SEv NA NA NA tAtd /09 kterti0e40 Coupon 5.570% tAtd My NCO Scam 741 ‘‘t0 Ant C901.03, 49-V9koe 49.68% KRIM, LTV 46.68% 1Vcroblerl Avg Loan Age 109 Owner Occupied 93.70 Top 1 Co* Con:meow, CA 37% Too 2 Geo Contemelqn NV 7% Too 3 Geo Comensolion FL 5% /904314 Currant (24 most 79.77% IMPORTANT DISCLAIMER: Non agency RMBS is a complex fixed income product and is not suitable for investors. Please note that while desk assumptions are driven by a number of collateral and mac 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 researdi report. Other key risks to consider are outlined below: EFTA00941816  Al investments are subject to possible loss of principal Non-Agency bonds may have limited liquidity and dents should be aware that the secondary market for mongage-backed securities has experienced periods of illiquidity and may do so in the future. Illiquickty means that there may not be any purchasers for your dass of certificates.Although any class of certificates may experience iliquidity, it is more likely that classes that we lower in the capital shut-lute and non- investment grade related may experience greater illiquidity than more senior, investment-grade rated classes. - High Yield Non-Agency bonds ate speculative non-investment grade bonds that have higher risk of default or other adverse credit events which are appropriate for high risk investors only ilas mall es coded/cm' alai stiwnm ernawata that llamas anti attadeiettat en:IWeng on otters fa die pmt.'s. at nit of murales...molt), andconpkiemssolndarrsxa.sirma cattfuleatoltta. lip' "niers and ligol yin &win rt. notable at bg '......gsArsnatt=c2ws The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by c-mail to jrewiratiouggintilsw. and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00941817