New Rates for Single Premium Took Effect February 8, 2008

CMG MI has introduced some important changes to our Single Premium rates. As of February 8, pending state approvals, we made the following changes:

• Lower refundable rates for Single Premium
• New nonrefundable rates for Single Premium – giving you an alternative to our existing refundable rates for this product
• New 5-year refund schedule for Single Premium, matching industry standards

Review our new Single Premium rate sheet(PDF/25KB).

Please note that the 95.01% LTV and above category for Single Premium is now divided into the following 2 categories:

• 97.01% LTV and above
• 95.01% LTV to 97.00% LTV

This change allows CMG MI to provide pricing appropriate to the risk characteristics of these 2 categories.

New Surcharges for Potential Negative Amortization Loans

CMG MI has also streamlined our pricing of loans that have the potential to negatively amortize by substituting a surcharge on our standard rates in place of the current Potential Negative Amortization rate schedule:

	Monthly, Standard Annual or Level Annual Plans	+13 bps to applicable 2% ARM rate
	Single Premium Plan	+50 bps to applicable 2% ARM Single Premium rate

We recommend that you implement any necessary changes to your systems in order to accommodate these changes and avoid any disruption to your business. Questions? Contact your CMG MI Account Executive.