From: Jeffrey Epstein <jecvacation(@)gmail.com> To: "Barrett, Pau! S" <i Subject: Re: HY RMBS FOCUS BOND- $8.65mm of BAFC 06-G 2A5 @ 65-00 (11.05% yield / 3.96 dum) Date: Thu, 12 Apr 2012 19:24:04 +0000 ok On Thu, Apr 12, 2012 at 2:57 PM, Barrett, Paul S I wrote: Jeffrey This is an interesting bond. Would be spending $1.7MM. Paul BAFC 06-G 2A is an Alt-A senior support backed by 76 month seasoned Alt-A hybrids. BAFC 2006-G 2A5 Offered @ 65-00 Prapay Rate 3 CPR SCPR TCPR 6 ramp 24 14 10 ramp 125 Sramp 24 12 12 ramp 125 Cusip: OS9S0MAF7 Detour Rave coR cOR 6 ramp 24 14 12 ramp 125 COR Original Face: 6,150,000 Detaut Severity 60 ramp 60 50 80 ramp 36 45 SO ramp 24 45 Current Face: 2,598,075 Bond Type: ALA Senior Mezz Ratings (S&P/Moodys/Fitch): CCCICal- : Current Coupon: 0.522% OSI . Bes J Pca i Raina eraeiass aaa Writedown % 00% Principal Writedown 33.67% 0.00% 0.00% Current Credit Enhancement: 5.24% Total Coliet Lows 19.05% 710% 15.89% 60+ Delinquencies 19.27 ‘Total Liquidation 46.15% 44.19% 75% 60+ Delinquency Coverage 0.27x HISTORICAL PERFORMANCE UNDERLYING COLLATERAL DESCRIPTION 1mMos amos Mos Average Loan Balance ($,000s) 433 CPR 482 5.80 7.15 Mortgage Type AltA Hybrids cOR 3.18 4.92 6.90 Wid Avg Mortgage Coupon 4.403% SEV 4249 49.48 45.33 Wid Avg FICO Score 693 Wid Avg Orig Loan-to-Value 72.10% HPI Adj LTV 87.81% Weighted Avg Loan Age 76 Owner Occupied 89.53 Top 1 Geo Concentration CA54% Top 2 Geo Concentration FL 7% Top 3 Geo Concentration NY 5% Always Current (24 mos) 63.60% AIL Investments are subject to risk, including possible lows of principal. *Inwesment idea mary no« be suitable for all investors This mesagge is a product of sales and trading and is wot a research report *Nos-Apeney bots may have Battitea liquidity and clients should be aware thes the sevundiey market foe surwaye-backed securities has experienced periods of illiquidity ata stay dbo so i the fitese. Hliquidity cuss that there may aot be aay purchasers foe your class of certificates. Although any class of certificates mary experience illiquidity, it is more Mkcly that classes *High Vield Noa-Agesey bonds wee speculative aue-investinent grade boss tht have higher ris of dofmult ce o¢her adverse credit events which are appropriage for high risk imvesioes ony. *** ALC OFFERS ARE SUBJECT US Onshore Clients ~ Blue Sky (U.S. State Securities Law): Please confirm Blue Sky eligibility before soliciting to a US Onshore client by entering the CUSIP into the web tool located at: http://pscppv1.amer./pmchase.net:8080/BlueSkyPage hen! and review to see if your client’s state of residence is listed. If you receive ‘NO SECURITY FOUND’, ‘NO STATES FOUND’ or the security DOES NOT HAVE A CUSIP or is not USD-denominated, then please contact your SM or local compliance officer and provide the requested security and client information. Piease note that a suitability review and other pre-trade procedures must stil! be followed. This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http//www jpmorgan.com/pages/ disclosures! email. EFTA00877383

--=PAGE_BREAK=--

SERA SESE ES ER ER ERASE SEARS ED ERASE EE SEES EE EEE SE CE REES ER ER ERED 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 jccvacation@’gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00877384