Press Release:
January 9, 2009

PHOENIX CAPITAL AND COMPASS ANALYTICS ANNOUNCE TRANSITION TO COMPASS ANALYTICS AS PHOENIX’S NEW MSR VALUATION TOOL

Denver, CO– Jan 9, 2009– Phoenix Capital, a Denver, Colorado based provider of mortgage servicing analytics, consulting and brokerage services, and Compass Analytics, a San Rafael, California based provider of mortgage valuation and risk management analytics, announced today Phoenix’s transition to Compass’s CompassPoint™ as Phoenix’s new mortgage servicing rights (MSR) valuation tool.

CompassPoint™ will be used by Phoenix as the cash flow engine and model and reporting framework with which Phoenix applies its market color and assumptions to generate valuations and analytics for MSR portfolios. Both parties confirmed the transition to CompassPoint™ would be complete by the end of this month.

"We are very excited to be using CompassPoint™ as our MSR valuation tool. After a lengthy evaluation process, we selected Compass due to the advanced capabilities and the flexibility of the model. Additionally, the customer support to date has been excellent”, said Dean DeMeritte, Executive Vice President of Phoenix Capital.

“We are very pleased to add Phoenix Capital as a strategic CompassPoint™ customer”, said Rob Kessel, Managing Partner of Compass, adding, “Compass is excited to have a customer as sophisticated as Phoenix employing the advanced capabilities that differentiate CompassPoint™ from other MSR valuation products”:

Compass Analytics provides valuation and interest rate risk management solutions to mortgage capital markets participants. Compass Analytics licenses its software CompassPoint™ to mortgage traders, investors and secondary marketing departments in order to provide unparalleled analysis in previously unattainable speed. CompassPoint’s™ loan-level models, integrated file mapping, market and credit inputs, whole loan and structured cash flow analysis and reporting capabilities give CompassPoint™ users the competitive advantage in evaluating all mortgage collateral. In addition to licensing CompassPoint™, Compass uses CompassPoint™ internally to provide third party valuations as well as outsource hedge execution services, both of which draw on Compass’ considerable expertise and access to market color. For more information about Compass Analytics, please visit its website at http://www.compass-analytics.com or contact Kellie Kramer at 415-462-7500 or kkramer@compass-analytics.com.

Phoenix Capital provides brokerage, best execution, comparative analysis, consulting and analytic services to the mortgage industry. Brokerage services focus on the mortgage loan servicing market, providing its clients innovative solutions related to the development and execution of bulk and flow servicing asset strategies for Prime, Alt A, and Sub Prime. Services include all steps necessary for marketing, negotiating and settling the transfer of MSR’s, comprehensive portfolio analysis to determine various servicing rights sales strategies. The best execution comparative analysis takes recent actual production and loan and servicing rights execution analysis known to Phoenix Capital and compares them. Consulting services include operational review and best practice recommendations. Analytic services help clients manage their servicing assets by providing a mark-to-market analysis, an economic analysis, convexity analysis and capitalization analysis. Phoenix Capital relies on its experienced executive management team which has an average of 22 years of mortgage banking experience to provide these services. For more information about Phoenix Capital, please visit its website at http://www.phnxcap.com or contact Dean DeMeritte at 303-892-7070 or ddemeritte@phnxcap.com.

For more information about Compass Analytics, please visit its website at http://www.compass-analytics.com or email kkramer@compass-analytics.com.