1. Reserving For Mortgage Insurance and Title Insurance in a Changing Real Estate Market Joseph L. Petrelli, ACAS, MAAA, FCA President Demotech, Inc.

2. Average Commitment Rate On 30-Year Fixed-Rate Mortgages Source: freddiemac.com

3. Average Commitment Rate On 30-Year Fixed-Rate Mortgages

4. Refinance Percentage of Mortgage Applications Source: freddiemac.com

5. Refinance Percentage of Mortgage Applications

6. Median Sales Price of Existing Single- Family Homes Source: realestateabc.com & realtor.org

7. Source: freddiemac.com Median Sales Price of Existing Single- Family Homes

8. Delinquency and Foreclosure Rates Source: allcountries.org & mortgagebankers.org

9. Delinquency and Foreclosure Rates Source: allcountries.org & mortgagebankers.org

10. Title Insurance Direct Premiums Written Source: Demotech, Inc. Form 9 Database

11. Title Insurance Direct Premiums Written ($Billions) Source: Demotech, Inc. Form 9 Database

12. Source: The National Association of Insurance Commissioners. Information derived from a Highline Data product (Companies as of 8/15/07). Private Mortgage Insurance Direct Premiums Written ($Billions)

13. Source: The National Association of Insurance Commissioners. Information derived from a Highline Data product (Companies as of 8/15/07).