MMag Mortgage Lending February 29, 2008

• American Pacific Mortgage Introduces Partnerships With Key Investors
American Pacific Mortgage, a leading mortgage net branching company, today announced key investor partnerships that will significantly expand its mortgage banking platform. In addition to substantially increasing its warehouse capacity, the company has added Flagstar bank to its list of correspondent relationships. -- American Pacific Mortgage Corp,Melissa Arntzen,Roseville California 02/29/2008

• First Defiance Financial Corp. Receives Regulatory Approval for Pavilion Bancorp Acquisition
First Defiance Financial Corp. (NASDAQ:FDEF) , the holding company for First Federal Bank of the Midwest, announced that First Federal has received regulatory approval from the Office of Thrift Supervision (OTS) to acquire the Bank of Lenawee, the wholly owned subsidiary of Pavilion Bancorp, Inc., headquartered in Adrian, Michigan. Shareholders of Pavilion Bancorp will vote on the pending acquisition at a special meeting of shareholders on March 11, 2008. The transaction was announced in October 2007 and is expected to close March 14, 2008, pending shareholder approval. Conversion of systems will begin immediately thereafter. -- First Defiance Financial Corp.,William Small,DEFIANCE oh 02/29/2008

• First American CoreLogic Announces London LoanPerformance Symposium
- March 13 Sessions Focus on United States Mortgage Risk Trends, Collateral Risk Analysis and Automated Valuation Models for the U.K. - -- First American CoreLogic,Carrie Gaska,London UK 02/29/2008

• Webdigs Celebrates Nationwide Expansion of Mortgage Loan Operations
Webdigs (http://www.webdigs.com/) announces that its mortgage division Webdigs Mortgage has recently garnered license to write loans in all 50 states, including Guam and Puerto Rico. The Webdigs Mortgage nationwide expansion is part of Webdigs\' expansion plan to support home buyers and sellers throughout the entire U.S. real estate market. -- Webdigs,Rob Buntz,MINNEAPOLIS, MN 02/29/2008

• PriceMyLoan Announces Direct Integration With Desktop Underwriter and Desktop Originator
Automated underwriting technology vendor PriceMyLoan (PML) announced today the completion of a direct integration with Fannie Mae\`s Desktop Originator(R) (DO(R)) and Desktop Underwriter(R) (DU(R)). The integration allows lenders using PML to submit loan casefiles and credit reports directly to DO/DU to obtain underwriting recommendations. -- PriceMyLoan,Linn Cook,Costa Mesa ca 02/29/2008

• As Home Foreclosures Skyrocket, Mortgage Fraud Help Arrives in Southern California
A leading consumer advocacy group announced free help to the thousands of homeowners in Southern California who have lost their homes, are in the process of losing their home, or believe they will lose their home in the near future due to mortgage fraud. The group is documenting cases of mortgage fraud for a report to be issued this summer in the nation\'s capital and will have all cases reviewed by a legal aid team. -- Consejo de Latinos Unidos,K. Forbes,Los Angeles ca 02/29/2008

• Investment Firms Blindsided by Subprime Mortgage Meltdown Lacked Firmwide Risk Assessment Capabilities
New Diamond Management & Technology Consultants Report Highlights Differences Between Winners and Losers in Managing Risks -- Diamond Management & Technology Consultants, Inc.,David Moon,Chicago il 02/29/2008

• mindSHIFT Executive Seminar in New York March 19: Impact of Subprime Crisis on Business and the Economy
Former U.S. Congressman Michael Oxley to Address Subprime Mortgage Issues and Regulatory Trends Impacting Businesses -- mindSHIFT Technologies, Inc.,,Vicki Brown,FAIRFAX va 02/29/2008

• Fannie Mae Introduces HomeSaver Advance(TM) Mortgage Workout Option Designed to Help Delinquent Borrowers
Fannie Mae (NYSE:FNM) announced today that, as part of its HomeStay(TM) initiative to support its mortgage servicers as they provide at-risk borrowers with refinancing and loan workout assistance, it is offering a new option -- HomeSaver Advance(TM). -- Fannie Mae,Marilyn Kornfeld,Washington District of Columbia 02/29/2008

• Poorest Counties Hardest Hit by Mortgage Crises
A new study released today by Bread for the World Institute reveals that the poorest counties in the United States are among those hardest hit by the subprime mortgage crisis. -- Bread for the World Institute,Shawnda Hines,WASHINGTON dc 02/29/2008

• At a Time When There are a Record Number of Foreclosures The National Association of Independent Landlords Finds a Solution for Homeowners at Risk
At a time when a record number of Americans are facing foreclosure, the National Association of Independent Landlords encourages at-risk homeowners to consider renting out their homes rather than staying in them until the bank begins legal proceedings. -- National Association of Independent Landlords,Tracey Benson,LOS ANGELES ca 02/29/2008

• Industry Thwarts Action on Bill to Stop Foreclosures and Strengthen Economy
Yesterday the mortgage lending industry successfully stopped a Senate bill, \"The Foreclosure Prevention Act\" from moving forward. This bill (S. 2636) includes key provisions that would prevent well over 1/2 million foreclosures and avoid property declines of $200 billion. -- Center for Responsible Lending,Kathleen Day,WASHINGTON dc 02/29/2008

• Be a Gateway Branch - $399.00 flat fee
Call 888-544-0034 to be a branch Be a Gateway Branch - $399.00 flat fee FHA Manual UW Be a Banker Multistate More Money More Fun More Control -- Gateway Mortgage Group LLC,Dane Basham,Tulsa Oklahoma 02/29/2008

• FHA UW at 24 Hour Turn Times! Manual UW at 48 hour turn times!
FHA UW at 24 Hour Turn Times! -- Gateway Mortgage Group LLC,Dane Basham,Tulsa Oklahoma 02/29/2008

• HFF arranges $4 million financing for Catskill, New York condominium community
The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged $4 million in financing for Catskill Creek Condominiums at Water𠏋 Edge, a 24-unit condominium community in Catskill, New York. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,FLORHAM PARK NJ 02/29/2008

• MBA Hails Veto Threat on Senate Housing Bill
David G. Kittle, CMB, Chairman-elect of the Mortgage Bankers Association (MBA) today issued the following statement applauding the Bush Administration\'s Statement of Administration Policy strongly opposing S. 2636, the Foreclosure Prevention Act of 2008. -- Mortgage Bankers Association of America,John Ferber,Washington District of Columbia 02/28/2008

• Kempner Comments on Departure of Doug Duncan
Jonathan L. Kempner, President and CEO of the Mortgage Bankers Association (MBA) today issued the following statement on the departure of Senior Vice President and Chief Economist Doug Duncan. Duncan announced today that he has accepted an offer to be Vice President and Chief Economist for Fannie Mae. -- Mortgage Bankers Association of America,John Mechem,Washington District of Columbia 02/28/2008

• Refi Drop Drives Decline in Mortgage Apps, Purchase Applications Unchanged In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 22, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 665.1, a decrease of 19.2 percent on a seasonally adjusted basis from 822.8 one week earlier. On an unadjusted basis, the Index decreased 25.8 percent compared with the previous week and was up 5.1 percent compared with the same week one year earlier. -- Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia 02/28/2008

• MIAC MSR Perspective
MSR Market Summary - Second Half of 2007, Market Values, Supply, MSR Demand, Opportunities, Observation.. Click on www.MIACAnalytics.com/MIACBlog for complete articles. -- Mortgage Industry Advisory Corp.,Dan Thomas,New York New York 02/27/2008

• MSR Commentary & Market Update
The $64,000 question for today is where are we going and when will we return to some stability in the mortgage and asset backed markets. Reviewing past history and the various market disruptions from the Market Crash of 1987, the Russian crisis, the Mexico crisis, and the Long Term Capital failure all pale in comparison to the global disruptions that we are seeing from the essential shutdown of the credit markets. Click on www.MIACAnalytics.com/MIACBlog for complete article. -- Mortgage Industry Advisory Corp.,Dan Thomas,New York New York 02/27/2008

• Nonprime Market in Distress
Our industry has suffered tremendous damage to mortgage-related assets as valuations have weakened dramatically since the end of 2006. The decline in asset prices has been fairly widespread; however certain asset classes have been affected more than others. The nonprime sector has clearly taken the biggest hit, as this collateral has been performing far worse than expected and continues to deteriorate further. Delinquencies and foreclosures for pure subprime loans, those which were made to borrowers at the lowest end of the credit spectrum, were first to leap upwards and have continued to rise at an alarming rate, while Alt-A loans duly followed a similar course but to a lesser extent. Click on www.MIACAnalytics.com/MIACBlog for complete article. -- Mortgage Industry Advisory Corp.,Dan Thomas,New York New York 02/27/2008

• SEC - SAB 109: MIAC Can Help!
On November 5, 2007, the Securities Exchange Commission (SEC) issued Staff Accounting Bulletin (SAB) 109. This bulletin supersedes SAB 105, Application of Accounting Principles to Loan Commitments. Both bulletins address the issue of whether written loan commitments should include the value of the mortgage servicing right that is embedded in the loan commitment. Click on www.MIACAnalytics.com/MIACBlog for complete article. -- Mortgage Industry Advisory Corp.,Dan Thomas,New York New York 02/27/2008

• Dynamic Execution: A Breakthrough in Pipeline Risk Management
At MIAC, our Secondary Solutions Group places great emphasis on understanding each client`s best execution possibilities, to maximize client revenues, and on understanding each client`s unique pipeline risk profile, to produce the most effective hedging results possible. Click on www.MIACAnalytics.com/MIACBlog for complete article. -- Mortgage Industry Advisory Corp.,Dan Thomas,New York New York 02/27/2008

• NCB Announces Renewed Focus on Commercial Real Estate Lending
Bank Continues to Offer Portfolio Lending Nationwide -- National Cooperative Bank,Jeffrey Campbell,Washington District of Columbia 02/25/2008

• Subprime Crisis � Round II?
In August 2007, the bond rating agencies apparently saw enough empirical evidence to dramatically revise their estimates for subprime collateral behavior. Shortly thereafter, their rating actions resulted in not only a dramatic number of lower tier bonds being downgraded but also created a complete aversion by investors to owning the higher grade bonds as well. This mass exodus from owning even highly rated mortgage bonds secured by subprime collateral was unanticipated in most quarters and is one of the principle causalities of the `subprime liquidity crisis`. Regrettably, history is about to repeat itself, because in January the three largest bond rating agencies again saw enough empirical evidence to dramatically revise their estimates for delinquency and foreclosures behavior for subprime collateral. The question of the day is: What will be the consequences of these rating actions? click on www.MIACAnalytics.com/MIACBlog for complete article. -- Mortgage Industry Advisory Corp.,Dan Thomas,New York New York 02/25/2008

• Leading College Scholarship Foundations Benefit from Institutional Investor Forum
As the name of the conference implies, the Institutional Investor Education Benefit Forum seeks to build a foundation of new talent by getting the investment community to give back. -- Opal Financial Group,Ashley Carter,New York New York 02/25/2008

• Opal Financial Group Hosts Latin American Pensions Congress
Focusing on the changing face of investment trends in Latin America -- Opal Financial Group,Ashley Carter,New York New York 02/25/2008

• Opal Financial Group Hosts Education Benefit Forum
Benefiting the Hispanic College Fund and the Thurgood Marshall College Fund -- Opal Financial Group,Ashley Carter,New York New York 02/25/2008

• Complying With Sarbanes-Oxley Should be More Than An Afterthought
February 2006 - Servicing Management -- Mortgage Quality Assurance Inc.,Robert Brown,Centennial Colorado 02/23/2008

• IS ClosingStreamSM Offers Self-Service, Web-based Electronic-Signature Solution for Loan Modifications and Other Applications
Fidelity National Information Services, Inc. (FIS) today announced a new Web-based loan-modification and electronic-signature solution that is built into its ClosingStream e-mortgage-technology platform. The solution primarily is designed to help lenders save money by limiting adjustable rate mortgage (ARM) re-set servicing costs, while reducing the loan-modification and electronic-signature time frame from the typical eight to 10 days down to as little as a matter of minutes. -- Fidelity National Information Services,Darcy Patch,Jacksonville Florida 02/22/2008

• Mortgage Credit News - February 22, 2008
Long-term rates are beginning to trickle back down from the peculiar spike of the last two weeks. The lowest-fee mortgages from 6.375% to 6.25%, the 10-year T-note from 3.90% to 3.80%, the immense spread a measure of deepening crunch. -- Boulder West Financial Services,Lou Barnes,Boulder Colorado 02/22/2008

• Our FHA turn times are 24 hours right now. Call 918-743-7084 for more information
FHA turn times are 24 hours right now. Call 918-743-7084 for more informat -- Gateway Mortgage Group LLC,Dane Basham,Tulsa Oklahoma 02/22/2008

• Capmark Finance Inc. Funds $11.5 Million in Refinancing for Fairfield Inn & Suites Austin NW
Capmark Finance Inc. (Capmark Finance) funded $11.5 million in floating-rate, interim refinancing for Fairfield Inn & Suites Austin NW, a hotel in Austin, Texas. -- Capmark Finance Inc.,Leslie Wojcik,AUSTIN TX 02/21/2008

• Capmark Finance Inc. Originates $8.7 Million in Refinancing for Courtyard Corpus Christi
Capmark Finance Inc. (Capmark Finance) originated $8.7 million in floating-rate, interim refinancing for the Courtyard by Marriott hotel in Corpus Christi, Texas. -- Capmark Finance Inc.,Leslie Wojcik,CORPUS CHRISTI tx 02/21/2008

• Mortgage Applications Decrease In Latest MBA Weekly Survey The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 15, 2008. The Market Composite Index, a measure of mortgage loan
The Refinance Index decreased 27.9 percent to 3533.8 from 4901.5 the previous week and the seasonally adjusted Purchase Index decreased 11.5 percent to 357.6 from 403.9 one week earlier. The Conventional Purchase Index decreased 12.3 percent while the Government Purchase Index (largely FHA) increased 7.2 percent. On an unadjusted basis, the Purchase Index decreased 7.4 percent to 377.3 from 407.4 the previous week. The seasonally adjusted Conventional Index decreased 24.2 percent to 1153.4 from 1522.6 the previous week, and the seasonally adjusted Government Index decreased 8.8 percent to 271.8 from 297.9 the previous week. -- Mortgage Bankers Association of America,Carolyn Kemp,Washington District of Columbia 02/21/2008

• FIS Completes Successful Year-end Mortgage Loan Processing Announces Significant Accomplishments
Fidelity National Information Services, Inc. (FIS) today announced it completed a successful year-end processing of loans serviced using its Mortgage Servicing Package? (MSP) on January 1, 2008. All daily, month-end, quarter-end and year-end processing was completed and balanced by 1:30 p.m. on January 1. -- Fidelity Information Services,Michelle Kersch 2,Jacksonville Florida 02/21/2008

• MARKET VOLATILITY WILL REMAIN FACT OF LIFE FOR U.S. CONSUMER LENDERS IN 2008 New TowerGroup Research Examines Top 10 Business Drivers for Consumer Lenders, and Maps Opportunities amid Today`s Negative Headlines With the full ramifications of the
New TowerGroup Research Examines Top 10 Business Drivers for Consumer Lenders, and Maps Opportunities amid Today`s Negative Headlines -- TowerGroup,Information 2696,Needham Massachusetts 02/21/2008

• First Horizon National Corporation Signs Contract with Fidelity National Information Services for Technology Outsourcing Services
Fidelity National Information Services, Inc. (FIS) announced that First Horizon National Corporation (FHNC) signed a multiyear contract under which FIS will provide technology outsourcing services for its open systems, which includes complete data center management. -- Fidelity National Information Services,Information 28454,Jacksonville Florida 02/21/2008

• PROSPECT MORTGAGE NAMES NEW COO
Dallas based executive search firm Mortgage Search & Acquisition (www.MSArecruiting.com) has announced the placement of Richard Loeffler as Chicago based Prospect Mortgage`s new Chief Operating Officer. Loeffler has 27 years of diversified mortgage banking experience, most recently as Chief Administrative Officer for American Home Mortgage, the 10th largest mortgage lender in the country prior to its closure in September. As CAO, Loeffler was a member of the executive Acquisition Team, leading the company through the successful integration of 14 reported acquisitions. -- Mortgage Search & Acquisition,Tami Coffey,Dallas Tx 02/17/2008

• First American CoreLogic Releases December 2007 LoanPerformance Home Price Index
Three-Quarters of ZIP Codes Exhibit Quarterly Decreases; Annualized Trends More Moderate -- First American CoreLogic,Carrie Gaska,SAN FRANCISCO California 02/15/2008