From: Jeffrey Epstein <jccvacation®gmail.com>

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 $1MM worth. Let me know. Paul US Onshore Chows - Blue Sky ( US. State Securities low). Please confirm Blue Sky eiloitithey before soksting too Us Onshore NUM by entering the GUMP Mto the web tooflocatedotatm.Licacepo anw0MmattsliStatantaoatail and review to see of your client's state of residence is listed. If you receive WO SWUM,' FOUND; WO STATES FOUN' or the %colicky DOES NOT HAVE A CUSIP arts not USadenonlinated, then please contact your SM or local compaance officer and provide the requested security and cheat AM/motion. Please note Mot sultablIny review cod other pre-rtade procedures man sal) be fallowed. The CWHL 03-60 M is a seasoned prime mezzanine bond backed by hybrid ARM borrowers. Please call the desk with all bids/inoulries related to this bond. X32124 NIGHUGHTS %PI Updated LTV . 64% 77% of the borrowers have not missed a payment in the past 2 years 106 months seasoned 725 nco 5463k average balance ••Source: Bloomberg CWFIL 2003-60 M Offend f3 69-08 BONODESCRIPTION Peter,' Role CPR 12 Imp 12 10 CPR 12 ramp 24 14 CPR Cusp 12669F.M7 Wail Rase 105.5 It 303CDR 64 5/or 204 ramp 12 3 COR 84.5 rep 243 COR Cflanal Face: 5.979000 Ocradt Sanely 66 ramp 36 45 45 ramp 24 40 40 rano 24 35 Currant Face: 3.246993 Odiro Rate 'Snorters 15 PNoog: 15 Porcani Borst bps! Prance ROM Ales oearoathanco Mot.) SOO ICO 100 Rali9S(SEPRAcodranICh) B90I9 Current Capon 4 191% rise MACAWS 7.601% PM:4,MM anstaw Base Can beaten. CON WM- 0B40•010* 11.66 Ylilid 2063 7 591 9 269 PrhdpelAirnow 0 Bate Case Nova1004M Spread over Tay 45 571 764 Mteockran % 10.10% Duration 7.96 7.5.1 6.35 Curran, Ccolg Ern a-corn% 744% rat. 919 11.68 9.26 OD. CC0,1411,0C. 14 IS Panted V/Indow Nov12 fa Dec33 ?icy t to0ct-33 Novi2 to Ots:33 ton CO. CC0,1411,Cy 0:”Crar 0 522 pnowai Madam 5512% 14.14% Total Cold Ices 165% 1.25% 1.00% UNDERLYING CaLATERAI DESORPTION Total Metnlation 2337% 18.99% 15.49% Agernie Loon Balance ($.000S) 463 Long Coon 102 asOB 3 MOS 5 MOS klortgaBo Type Film IblarldINVai 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 Mask Cereal 124 most MA 5% 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: EFTA00945560 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. fim came os walla:a...Isl. eve he piumi Jhelaimeth and aceiditiceit Idealistat often fat the pre-km a. sale sibs. arcureey emplciamse of ielconhniceh ireora tennernoulin. kpl phdep.iad 'twines, Jrkinen. aveilehle 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 irevaratiMitgOalifD.81, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00945561