3. Government reports that the mortgage relief programs have reached 1 in 5 eligible homeowners Government reports that the mortgage relief programs have reached 1 in 5 eligible homeowners As of October, more than 650,000 (approx 1 in 5) have signed up for trials lasting up to 5 months As of October, more than 650,000 (approx 1 in 5) have signed up for trials lasting up to 5 months Approximately 1,700 have made those trial modifications permanent Approximately 1,700 have made those trial modifications permanent Extended the trial period from three months to five months in September Extended the trial period from three months to five months in September Therefore as of November, no update on the re- default rate Therefore as of November, no update on the re- default rate

4.  1 in 7 homeowners are behind on the mortgage payment  1 in 22 are in the process of losing their home  Industry is on track for 2.9 Million Foreclosure Starts in 2009 alone  Every new foreclosure prolongs the economic crisis by forcing down surrounding property values and pushing recovery farther out of reach

5.  The combined percentage of loans in foreclosure or at least one payment past due was 14.41 percent - the highest ever recorded in the MBA delinquency survey.  “Job losses continue to increase and drive up delinquencies and foreclosures because mortgages are paid with paychecks, not percentage point increases in GDP.” -Jay Brinkmann, MBA’s Chief Economist.  Prime fixed-rate loans continue to represent the largest share of foreclosures started and the biggest driver of the increase in foreclosures.

6. 4.38% in Foreclosure 9.94% in Default (30+ days late) 14.32% Total Mortgage Bankers Association Based on 44.6 million mortgages

7. 3.20% in Foreclosure 6.94% in Default (30+ days late) 10.14% Total Mortgage Bankers Association Based on 44.6 million mortgages

8. 15.35% in Foreclosure 26.66% in Default (30+ days late) 42.01% Total Mortgage Bankers Association Based on 44.6 million mortgages

9. 3.32% in Foreclosure 15.04% in Default (30+ days late) 18.36% Total Mortgage Bankers Association Based on 44.6 million mortgages

10. 2.29% in Foreclosure 8.47% in Default (30+ days late) 10.76% Total Mortgage Bankers Association Based on 44.6 million mortgages

11.  The number of loans 90 days or more past due or in foreclosure is now a little over 4 million as compared with 3.9 million new and previously occupied homes currently for sale.  Based on Q2 numbers, Amherst Securities Group estimates 7 million units in the foreclosure pipeline or 135% of a full year of existing home sales.

12.  Median Price $177,900 down 11.2% year over year  Foreclosures/Short Sales make up 30% of all transactions, Total Sales up 11.4%  Metro Prices: 80% of metro areas showed price declines; up in 30 cities