NEW YORK, October 23, 2006—For the past 17 years, Mortgage Industry Advisory Corporation (MIAC), New York, has been found on the Web at www.servicing.com. Today, MIAC launches a new site at an address that more accurately depicts the breadth of its offerings. The new website can be found online at www.MIACAnalytics.com.

MIAC was founded in 1989 by Wall Street veterans Bob Husted and Paul Van Valkenburg to provide whole loan and MSR hedge advisory and valuation services to the mortgage industry. Since then, the company’s services have evolved to include Valuation, Accounting and Risk Management Services, Secondary Solutions and Strategic Asset Sales for nearly all mortgage asset classes.

“People have come to think of MIAC as just a servicing-related company, which makes sense because that’s where we started,” said MIAC Principal’s Van Valkenburg. “The scope of our products and services has broadened such that it no longer makes sense for us to position ourselves solely on the servicing side of the business. In fact, we now have large number of clients using our software, brokerage and advisory services for secondary solutions, residual interest valuation and risk management and in all areas of the mortgage company balance sheet.”

Nestled in the New York City’s financial district, MIAC serves as an outsourced project manager for 150 financial institutions across the country. Over the past few years, company executives have witnessed the industry adapt to increased pipeline risk and more complicated financial reporting requirements. As the firm developed new analytical tools to meets its customers’ changing needs, MIAC found its business base growing.

Today, MIAC offers best execution pricing and risk management for new loan originations, particularly Alt-A and subprime products, valuations of illiquid CMO securities, FAS 155, 156 and 140 implementation solutions, complex interest rate derivative pricing utilizing an industry leading 3-Factor HJM Libor Market Model term structure model and complex retrospective and prospective attribution analysis utilizing distributed processing solutions.

The company’s software products include WinOAS™, the industry standard MSR and whole loan pricing tool; the MarketShield™pipeline risk management solution; DataRaptor^® loan level auditing, viewing, pooling and reporting software; an Accounting & Tax tool used by mortgage bankers for MSR accounting, hedge accounting and more; and MIAC-ALM/VAST™the most advanced mortgage bank asset/liability model in the industry. MIAC remains an industry leading hedging advisory firm and is often called upon to broker sales of many types of mortgage asset.

“We’re in a rather unique position in the industry now,” said Van Valkenburg. “Because of the analytical tools we’ve developed—and that our Capital Markets group uses these tools every day—we’re the only company that can provide this broad scope of mortgage pricing and risk management solutions.”

About Mortgage Industry Advisory Company (MIAC)
Founded in 1989, MIAC has been at the forefront of providing the most sophisticated portfolio and risk management solutions to the mortgage industry for all types of mortgage assets. Its clients include 9 of the top 10 mortgage servicers and over 150 other financial services industry firms, including banks, thrifts, credit unions, FHLBs and Wall Street dealers. The company’s proprietary software is used in pricing, hedging and accounting for over $4 trillion in mortgage assets each month. MIAC is a registered SEC Investment Advisor. For more information, visit www.MIACAnalytics.com.