Epstein Secrets

From: Barrett, Paul S <1 1MIM> Sent: Tuesday, February 5, 2013 4:33 PM To: Epstein, Jeffrey ([email protected]) Cc: Ens, Amanda; Weissend, Renee E Subject: FW: NEW HY PRIME RMBS #2 - $5.00mm of CWALT 04-2CB M @ 875-00 (6.21% yield/4.71 durn) Jeffrey We should buy $1.25MM

11 Percent 11 ramp 12 10.5 Percent 11 ramp 12 10 Percent Bond Type: Alt-A Men Pass-Through Del i nq Advance (% of P& I) 100 100 100 Ratings (S&P/Moodys/Fitch): CCC/-/- Current Coupon: 5.692% Yield @ Base Case 6.208% Price @ 75.00 Stress Case Base Case Recovery Case WAL @ Base Case 7.02 Yield 0.

ading desk commentary are subject to change without notice and JPMorgan is under no obligation to update or keep this information current. Thanks, Amanda Amanda Ens I Vice President I Global Investment Opportunities I J.P.Morgan I WAS ID: 320 Park Ave, 14th Floor, New York, NY 10022 M: EFTA_R1_0044

Prepay Rate Cusip: c Default Rate Original Face: 10,000,000 Current Face: 1.566,775 Bond Type: Alt-A Men Floater (1ML + 73.5bps) Ratings (S&P/Moodys/Fitch): CC/Ca(- Current Coupon: 0.928% Yield @ Base Case 7.005% WAL @ Base Case 7.07 Principal Window @ Base Case Jul13 to Sep28 Writedown % 23.6

From: Barrett, Paul S < Sent: Friday, June 15, 2012 2:04 PM To: Jeffrey Epstein Cc: Giuffrida, David J; Ens, Amanda Subject: To Do =OA Jeffrey This looks like an interesting bond.=Would be spending around $1MM. =OA $1.5MM of our CIT =amp;% 2017 bonds have be

> Prime 6% Senior Support =OD =OD Price @ 57.00 Stress Case<=:p> Base Case =OA Recovery=Case 3 EFTA_R1_01713338 EFTA02555349 =OA Ratings (S&P/Moodys/Fitch): =td width="174" nowrap="" valign="bottom" style="width:130.2pt;pa=ding:Oin 5.4pt 0in 5.4pt;height:13.35pt"> =span style="font-size:9.0pt;font-fam

From: Barrett, Paul S Sent: Monday, February 11, 2013 5:08 PM To: Epstein, Jeffrey ([email protected]) Cc: Ens, Amanda; Weissend, Renee E Subject: NEW HY RMBS BWIC - 54.3mm of RFMSI 04-54 1M1 @ 85-16 (6.51% yield/2.97 durn) Jeffrey We should buy 51MM of this bond.

2,002,760 Delinq Rate 7.5 Percent 7.5 Percent 7.5 Percent Bond Type: Prime Fix 5.25% Men Delinq Advance (% of P&I) 100 100 100 Ratings (S&P/Moodys/Fitch): CCC/-/NR Current Coupon: 5.250% Yield @ Base Case 6.509% Price @ 85.16 WAL @ Base Case 4.03 Yield 2.124 3 EFTA_R1_01730427 EFTA0256575

From: Barrett, Paul S Sent: Tuesday, February 5, 2013 9:15 PM To: Jeffrey Epstein Cc: Ens, Amanda; Weissend, Renee E Subject: HY PRIME RMBS #1 - $5.70mm of SEMI 11 B1 @ $74-16 (6.51% yield/ 6.20 durn) Jeffrey The mortgage from this morning tra

Delinq Rate 12 Percent 12 Percent 12 Percent Bond Type: Prime Sub Floaters (1ML +145.5 bps) Delinq Advance (% of P&I) 100 100 100 Ratings (S&P/Moodys/Fitch): B-/Caal/B Current Coupon: 1.660% Yield @ Base Case 6.510% Price @ 74-16 Stress Case Base Case Recovery Case WAL @ Base Case 3 EFTA_R1_0

From: Barrett, Paul S < Sent: Thursday, February 14, 2013 6:30 PM To: Epstein, Jeffrey ([email protected]) Cc: Weissend, Renee E; Ens, Amanda Subject: NEW HY RMBS - $12.98mm of SARM 040-4 B1 @ $59-16 (7.24% yield/ 7.55 durn) Jeffrey We should buy 51MM of this for Jeepers. Paul *** ALL

ent Face: 6,718,757 Delinq Rate 13 Percent 13 Percent 13 Percent Bond Type: Alt-A Hybrid Sub Delinq Advance (% of P&I) 85 95 100 Ratings (S&P/Moodys/Fitch): CCC/-/- Call No No No Current Coupon: 2.899% Yield @ Base Case 7.241% Price @ 59-16 Stress Case Base Case 3 EFTA_R1_01731679 EFTA0256

From: Barrett, Paul S Sent: Thursday, March 7, 2013 7:51 PM To: Jeffrey Epstein Cc: Ens, Amanda Subject: To Do - NEW HY RMBS - $5.982mm of CMSI 2005-7 1M @ $98-00 ( 6.033% yield/ + 522 vs. tsy/ 3.49 dum) Jeffrey We should buy $1MM of this b

FTA02357574 Delinq Rate 9 Percent 9 Percent 9 Percent Bond Type: Prime Fixed 30yr Snr. Sub Delinq Advance (% of P&I) 100 100 100 Ratings (S&P/Moodys/Fitch): -/Ca/CCC Call No No No Current Coupon: 5.500% Yield @ Base Case 6.033% Price @ 98-00 Stress Case Base Case Recovery Case WAL @ Base C

From: Barrett, Paul S Sent: Thursday, August 23, 2012 3:16 PM To: Epstein, Jeffrey ([email protected]) Cc: Ens, Amanda Subject: Rplacement for the mortgage we sold last week - NEW PRIME RMBS SUB - $3.325mm of CWHL 03-26 B1 @ S80-16 (7.56% yield / 3.16 dum) =body l

18 35 =OA 35 Current Face: 1,626,664=o:p> =OD Bond Type: =OD Prime Fix Sub Price @ 80-16 =OA Stress Case Base Case Recovery Case Ratings (S&P/Moodys/Fitch): =OA -/-/8/"- Yield =OD =OD <=pan style="font-size:8.Optfont-family:"Arial","sans-se=if";color:black">7.562 Current Coupon: =OD 5.337% Spread