Press Release:
September 30, 2004

COMPASS ANALYTICS ANNOUNCES ADDITION OF MILESTONE CLIENT
Company to provide pipeline hedge analytics to 20th client

San Francisco, CA – September 30, 2004 – Compass Analytics, LLC announced today the addition of their 20th pipeline risk management client. Founded in late 2003, Compass provides hedge execution services and licenses its pipeline risk management analytics to mortgage bankers nationwide. Compass's Managing Partner, Rob Kessel, explains Compass's consistent growth as "a combination of Compass’ Alt-A and Jumbo adjustable and fixed analytics, as well as more bankers seeking better delivery execution.”

Compass's pipeline risk software, CompassPoint™, includes pipeline valuation, sensitivity and best execution of all mortgage products with enhanced capabilities for Jumbo and Alt-A fixed and adjustable products. Other features of Compass's analytics are flexible coverage and pull-through modeling; profit margin and hedge cost modeling and definition; hedge analytics; flexible reporting; accounting support including FAS 133; and fallout and profitability analysis.

Compass licenses CompassPoint™ to mortgage bankers, as well as provides outsource hedge execution and consultation to mortgage bankers seeking expanded services. Outsourced hedge clients receive Compass's state-of-the-art analytics via its seasoned hedge managers, all of whom have a minimum of ten years experience in secondary marketing and pipeline risk management.

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