1. Managing New & Diverse Single Family Loan Automation Processes John Sager and Susan Semba October 20, 2014

2. IHFA Facts  Started Transitioning from MRB Financing to Alternative Secondary Market Channels in 2009  Large Geographic and Diverse State  1.6 Million Population  >70% Homeownership  Whole Loan Preference  “Best Execution” Strategy

3. Strong Loan Production

4. Loan Funding Evolution

5. Risk Management Loan Commitments (Net of Fallout) + Warehouse Purchases ________________ Total Loan Position Secondary Market Sales (Normally in $5 - $10 million Increments) ± $10 Million Maximum Risk

6. Risk Position Tracking

8. Aligning Commitments with Secondary Market Sales Secondary Market Report Forward Sale Tracking Report “Trued Up” Several Times each Week

9. Pricing by Loan Type* Loan ProductLoan RateKey Features HFA Preferred4.00%Low Rate for 1 st Time Homebuyer Preferred Risk Share5.75%No 1 st Time Homebuyer Requirement, No Mortgage Insurance FHA/VA/RD3.50%Sales Price and Income Limits Apply; If FICO<620, DTI must be <45% Conventional (30 Yr.)3.75%No 1 st Time Homebuyer Requirement, up to 140% AMI Conventional (20 Yr.)3.50%No 1 st Time Homebuyer Requirement, up to 140% AMI Conventional (15 Yr.)3.00%No 1 st Time Homebuyer Requirement, up to 140% AMI *Down Payment Assistance and Homebuyer Tax Credit Programs (MCCs) are Available

10. Loan Variety

11. IHFA Lender Connection

15. www.idahohousing.com