El Sistema Nacional Ambiental (SINA)

Credit Score Risk Factors (continue)

Credit Utilization

The amount the borrower owes on all accounts is evaluated, taking into consideration the following factors:

 The balance on each account.

 The number of accounts with balances.

 Each balance in relation to the amount originally owed.

 The relationship of the account balance to the total available credit line.

Recent Attempts to Obtain New Credit

While evaluating the attempts to obtain new credit, the number of new accounts, the length of time since an account was opened, the number of recent inquires, and the length of time since the inquiries were made must be considered.

Credit Score Reason Codes

Credit scores are usually accompanied by reason codes identifying various risk factors affecting the borrower's credit score. The use of reason codes aids in the evaluation of a borrower's credit history.

Equifax TransUnion Experian Reason Statement

01 01 A/01 Amount owned on accounts is too high 02 02 B/02 Level of delinquency on accounts

— — C/03 Proportion of loan balances to loan amounts is too high

33 03 I/33 Too many bank national revolving accounts 04 — D/04 Lack of recent installment loan information 32 04 Y/32 Too many accounts with balances

05 05 E/05 Too many consumer finance company accounts 06 06 F/06 Account payment history is too new to rate 07 07 G/07 Too many inquiries last 12 months 08 08 H/08 Too many accounts recently opened

09 09 J/09 Proportion of balance to credit limits is too high on bank revolving and other revolving accounts 10 10 K/10 Amount owed on revolving accounts is too high 11 11 L/11 Length of time revolving accounts have been

established

12 12 M/12 Time since delinquency too recent or unknown 13 13 N/13 Length of time accounts have been established 14 14 O/14 Lack of recent bank revolving information 15 15 P/15 Lack of recent revolving account information 16 16 Q/16 No recent non-mortgage balance information

17 17 R/17 Number of accounts with delinquency 18 18 S/18 Number of accounts with delinquency

Credit Scores (continued)

Credit Score Risk Factors (continue)

Equifax TransUnion Experian Reason Statement

19 27 T/19 Too few accounts currently paid as agreed — 19 — Date of last inquiry too recent

20 20 V/20 Time since derogatory public record or collection too short

21 21 W/I Amount past due on accounts 22 22 X/22 Amount past due on accounts

23 — 23 Serious delinquency, derogatory public record or collection

24 24 U/I Number of bank or national revolving accounts with balances

— — I/O No recent revolving balances

I/O — I/O Length of time installment loans have been established

I/O — I/O Number of revolving accounts

I/O 27 T/27 Too few accounts currently paid as agreed 19 28 I/O Number of established accounts

28 29 29 No recent bankcard balances — 19 — Date of last inquiry too recent

30 30 Z/30 Time since most recent account opening is too short 31 — I/O Too few account with recent payment information 34 I/O 34 Amount owed on delinquent accounts

32 04 Y32 Lack of recent installment loan information 33 03 I/33 Proportion of loan balances to loan amounts is too

high

34 31 I/O Amount owed on delinquent accounts — — 45 Payment due on accounts

— — I/O Length of time open installment loans have been established

— — I/O Number of consumer finance company established relative to length of consumer finance history 38 38 38 Serious delinquency and public record or collection

filed

39 39 39 Serious delinquency

40 40 40 Derogatory public record or collection filed — I/O 98 Lack of recent auto loan information

— 98 — Length of time consumer finance company loans have established

— 97 — Lack of recent auto loan information I/O — — Lack of recent auto finance loan information I/O I/O I/O Lack of recent consumer finance company account

Credit Scores (continued)

Credit Score Risk Factors (continue)

Credit Report ECOA Codes

ECOA codes are identified on the credit report. The ECOA codes are identified by a letter. This letter will be next to the account when viewing an instant merge report.

ECOA CODES

U Undesignated Not designated by the Creditor I Individual Individual account

J Joint Joint account A Authorized

User1,2

Authorized user to someone else's account S Shared Joint account

C Co-Maker Joint responsibility for the account

B Co-Signer Responsibility only in case of default on account M Maker Individual account

T Terminated Closed account X Deceased,2 Deceased individual

1 Status used to identify an account that an applicant/co-applicant is not responsible for. Authorized user accounts cannot be used to satisfy Minimum Credit Standards.

2

Is considered a red flag. Additional information may be needed.

Credit Score Requirements

A Fair Isaac credit score for all borrowers must be included in each traditional credit report. The credit score is used as a component in evaluating the credit quality of the loan.

Credit vendors periodically update the credit score models. The credit report vendor must use the most current version of their credit score model in their report.

Credit Scores (continued)

Selecting Credit Score

The credit score selected for loan qualification must follow the steps below: 1. Select the credit score for each individual borrower.

2. Select the credit score used for loan qualification.

Selection

The credit score must be selected for each borrower by using one of the following methods:

 The lower score of two repositories.

 The middle score of three repositories.

If more than one credit score is supplied from the same repository, the lowest score must be used in all cases.

Number of Available

Repository Scores Score Used

3 Middle score

2 Lower of the two

1 See Product Matrices for

eligibility

If two repositories report identical scores, that score will be used for qualification

Loan Qualification Score

Always use the lowest selected credit score among all borrowers. All borrowers must meet the minimum credit score and all other credit evaluation requirements.