LoanPerformance Announces TrueStandings Securities

Web-Enabled Version of Industry-Leading Tool

San Francisco, CA - July 26, 2004 - LoanPerformance, a leading research and analytics company serving the mortgage industry and Wall Street, today announced the availability of version 1.0 of its TrueStandings Securities information product at its 2004 Risk Summit in Carlsbad, California.

TrueStandings Securities represents the next generation of LoanPerformance’s LPS Securities information product, the most comprehensive mortgage securities databank available with information on more than 3,400 active private-issue mortgage-backed securities representing 80% of the market.

The new release provides scalable, real-time, Web access to the largest repository of loan level information on the U.S. mortgage securities market. TrueStandings Securities also features an enhanced, intuitive interface to enable users to quickly and easily create customized analyses and reports. In addition, clients may choose from several pricing options to best meet their needs.

Features of version 1.0 include:

• Pure Web access through a browser eliminating the necessity to load software and receive and manage CD deliveries of data
• No modifications to the client’s network environment required
• Highly scalable application to handle increasing usage and database size
• Rich and intuitive reporting and graphing environment (e.g. 3D graphing)
• Pivot table-type drag and drop/sort/save/right-click menu functionality
• Ability to export to common reporting tools such as Excel, TXT, and PDF
• Dynamically created metrics, groups and rollups
• Automatic updating of reports with new performance data each month
• Access to 70+ loan characteristics and 100+ performance metrics
• Tiered pricing based on client needs
• Consulting service available

“TrueStandings Securities represents a leaps-and-bounds enhancement to the old LPS suite,” said Jeff Klein, senior business analyst, secondary marketing, NC Capital Corp, the secondary marketing subsidiary of New Century Financial Corporation. “We’ve been able to integrate its powerful reporting and analysis capabilities easily into our process and the ability to create new reports literally on the fly with deep granularity makes it a real winner.”

“Introduction of the TrueStandings technology represents a robust response to our clients’ desire for a state-of-the-art information and access solution,” said Dan Feshbach, CEO and founder of LoanPerformance. “Over the next year, the TrueStandings technology will be expanded to include the entire LPS product suite, including LPS Prime, Subprime, and HELOC/Seconds.”

LoanPerformance will continue to support the LPS suite into the future for clients who wish to continue to receive the data in physical form, noted Feshbach.

About TrueStandings Securities
TrueStandings Securities includes three databases with loan level data - MBS, BC and Alt-A. The MBS Database includes detail for over 2,200 active pools backed by 1.9 million loans from over 50 issuers. The ABS Database (created by Alt-A and BC) includes detail for over 850 home equity and subprime securities backed by 2.9 million loans from over 30 issuers. The Alt-A Database includes detail for over 600 securities back by 700,000 loans for 10 issuers.

The power of TrueStandings Securities is the over ten-year perspective on the nonagency securities market. Analysts and decision-makers from financial institutions, rating agencies, traders, issuers and investors can access and track the most comprehensive repository of mortgage securities data with any Web browser. By leveraging this information, users can identify risks based on high concentrations of undesirable collateral underlying security holdings, quickly analyze and evaluate portfolios, create synthetic securities for more accurate benchmarking, mine and analyze data visually with pivot-tables and graphs, communicate between databases via a standard, user-friendly interface, and conduct complex analyses and generate monthly reports easily with helpful wizards.

For more information about TrueStandings Securities, please call the LoanPerformance representative in your area: West – Jim Kinnebrew (415-536- 3523) Midwest – Charles DiMascio (909-593-0141) NY to DC Corridor – Connie Keim (973-226-0084) New England, PA, OH – Brian Gunn (415-536-3537) Southeast – Debra Donan (908-304-0263)

About LoanPerformance
San Francisco, CA-based LoanPerformance (formerly MIC) is a leading research and analytics company serving the mortgage industry and Wall Street. LoanPerformance tracks the payment performance of 90% of the outstanding prime mortgages in the U.S, 65% of the outstanding subprime market and 80% of the private (non-agency) mortgage securities market. LoanPerformance aggregated databases and analytical tools enable financial service institutions, Wall Street analysts, and mortgage investors to make more informed decisions by integrating robust data and analytics into their credit risk and securitization processes. For more information, visit www.loanperformance.com, or call 415-536-3500.

©2004, LoanPerformance. LoanPerformance, TrueStandings and LPS are trademarks of LoanPerformance, Inc.

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