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Federal Deposit
Insurance Corporation

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Comment on Financial Reform Implementation

September 10, 2010

Hello Jeff Shurman, executive director of TAVMA, and all legislators regarding AMC’s:

Under the law, the borrower must be provided with the loan that has the most suitable terms. (as I would hope many would do anyway) Our lowest rate programs are FHA/VA/RHS/Conventional programs. These low rate programs are sold to investors. Our EvaBank programs are not comparable in interest rate or amortization periods. So, my question is......If a borrower wants their loan to be serviced/portfolio’ed by EvaBank, even under less favorable terms, can they elect to do so even though they qualify for conforming lower rate loan? Some customers state they don’t want their loan sold, they want to be able to walk into a local branch and deal directly with a person...

Tom Russell
Underwriting/Operations Department
EvaBank Wholesale Mortgage

Last Updated 9/23/2010

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