MGC Mortgage, Inc.

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IMPORTANT DISCLOSURES

This information is provided for MGC borrowers with property in the state of New York.

 FEE SCHEDULE 1st LIEN - NEW YORK (04/12/11)       
       
   Ranges     Notes and Comments 
   FROM   TO   
 Late Charge Fee (%)  2.00% 2.00%  Higher charge may be permitted based on loan type and documents 
 NSF or Returned Check Fees   $  10.00  $     20.00  
 Quick Payment Fees (Pay by Phone)     $      9.50  
 Duplicate Coupon Book     $      5.00  
 Duplicate Payment History     $      5.00  
 Customized Amortization Report/Schedule     $     15.00  
 System Amortization Schedule/Report     $      5.00  
 Copy of Annual Interest Statement–Previous Year      $      5.00  No charge for current year statement 
 Copy of Mortgage Documents (per document)     $      5.00  
 Verification of Mortgage     $     10.00  
 Copy of Loan File     $     25.00  
 Subordination Processing Fee     $   150.00  
 Inspection Fees   $  10.00  $     30.00  
 Broker Price Opinion Fee     $     95.00  Estimate; actual cost 
 Appraisal Fee   $300.00  $   350.00  Estimate; actual cost 
 Title Search Fee     $   125.00  Estimate; actual cost 
 Foreclosure Fees and Costs   $800.00  $   800.00  May Be Greater if Foreclosure Contested 
 Foreclosure Attorney Fees   $800.00  $2,000.00  May Be Greater if Foreclosure Contested;
May Vary Based on County 
 Loan Modification Fee/ Loss Mitigation   $  50.00  $1,500.00  
 Bankruptcy Fees and Costs   $800.00  $1,400.00  
 Litigation Fees and Costs   -   -   As billed by attorney if permitted by loan documents 
 Property Preservation Fees       Actual cost of repairs and maintenance 
 Title Change / Estate Plan or Trusts     $   100.00  
 Title Change Recording Fee   -   -   Actual Cost; varies by county 
 Modification (non-HAMP; principal paydown)         $   300.00  
 Modification (non-HAMP; interest/term)        $   450.00  
 Modification Title Update (non-HAMP)     $   125.00  Estimate; actual cost 
 Modification Recording Fee (non-HAMP)       Actual Cost; varies by county 
 VA Title Change w/ Release of Liability   $300.00  $   300.00  
 VA Title Change / Credit report    $  48.00  $     48.00  Estimate; actual cost 
 VA Title Change / Title Update   $125.00  $   125.00  Estimate; actual cost 
 VA Title Change / Recording fee   -   -   Actual Cost; varies by county 
 FHA Title Change w/ Release of Liability                      $500.00  $   500.00  
 FHA Title Change/ Credit report    $  48.00  $     48.00  Estimate; actual cost 
 FHA Title Change/ Title Update   $125.00  $   125.00  Estimate; actual cost 
 FHA Title Change/ Recording fee   -   -   Actual Cost; varies by county 
 Partial Release       $   250.00  
 Balloon Loan Reset (FHLMC/FNMA)    $250.00  $   350.00  
 Balloon Loan Reset / Recording Fee           Actual Cost; varies by county 
 Balloon Loan Reset / Subordination        Actual cost 
 Payoff Statement Fee       None charged 
 Satisfaction Recording Fee       Actual Cost; varies by county 

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