To:           Wholesale and Correspondent Partners

 From:       Sidus Financial, LLC, Senior Management

 Date:         05-24-2011

Due to the challenges of the ever changing and evolving mortgage lending market Sidus Financial, LLC has decided to discontinue its wholesale and correspondent lending operations.

Sidus Financial, LLC will work closely with our clients to ensure an orderly transition for customers with mortgage loans in the pipeline.  All loans currently in the pipeline will receive full support and continue through the origination process.

Key Dates

·         5/25/11: New Lock Requests.  No new lock requests will be accepted after the close of business on Wednesday, May 25, 2011.

o   Sidus will continue to post rate sheets through July 1, 2011.  The normal extension and relock policies will apply, but will not be allowed to extend beyond Friday, July 1, 2011.

·         6/3/11:  New Application Submission Cutoff Date.  All application packages must be submitted and received electronically by the close of business, Friday, June 3, 2011. Any new loan application received after the June 3rd cut off will be returned with no action taken by Sidus Financial, LLC.

·         7/1/11:  Final Funding Date.  Loans submitted by June 3, 2011 must close and fund by Friday, July 1, 2011.

Please note that we will still accept referrals and applications associated with our reverse mortgage origination programs.

Questions related to your in-progress file should be directed to your regional processing support staff who can be reached at the numbers listed below.

Easley Wholesale Operations                              (864) 850-7400

              Greenville Wholesale Operations                         (866) 765-6222

              New England Wholesale Operations                   (866) 562-2741

The entire staff of Sidus Financial, LLC would like to offer our heartfelt thanks for your past support and business, and we wish you much success in all your future endeavors.