officers President

Benjamin E. Streusand - HoustonVice President

Michael D. Minnis - HoustonSecretary/Treasurer

J. David Motley - Ft .WorthAssociate Representative

J. Alton Alsup - HoustonPast President

Jonathan Threadgill - HoustonPast President

Joe Farr - AustinExecutive Vice President

Lisa Vercher - AustinGeneral Counsel

Larry Temple - Austin

directorsJ. Alton Alsup - HoustonTommy Bastian - AddisonBlane L. Bauch - HoustonRosemary E. Barbour - DallasDoug Beaty - AustinAmy G. Briggs - DallasRichard F. Comparato - IrvingKerry Dannenberg - DallasDavid Dill - Ft. WorthMary Dinkins - Dallas Timothy Fisher - DallasDavid E. Frase - Dallas Dana Gompers - HoustonJ. Kevin Gugenheim - HoustonHarold W. Hahn - El PasoMichael T. Hernandez - DallasCharles E. Klein - HoustonMarc N. Laird - HoustonGil Lopez - SpringW. Scott Norman - AustinEugene Putnam - Houston Joy Savage – Hitchcock Gerald D. Stewart - HoustonRandy Stewart - HoustonS. Van Stewart - San AntonioScott R. Valby - HoustonJohn Watson - HoustonLance P. Welch - San Antonio Rob G. Wiggins - HoustonMaureen T. Ziegler - Austin

Texas Mortgage Bankers Association Volume XIV Issue IIMarch/April 2007

President’s MessageBen Streusand

TMBA’s 91st Annual Convention is one of the largest gatherings of mortgage bankers and industry partners for the State of Texas. This event provides endless opportunities for attendees to build new relationships and connect with industry experts.

Industry dynamics have introduced a new set of challenges and opportunities that require all industry participants to re-evaluate their directions and strategies to rise above industry obstacles. TMBA’s 91st Annual Convention offers the strategic alternatives to industry challenges and provides insight to an atmosphere where viable solutions can be obtained to make your company more proactive in creating and maintaining new revenue streams.

This year’s event gives you a chance to network with your peers, gather valuable information on innovative business practices, learn about new creative products and services, discover the latest technology initiatives and exchange ideas with industry leaders in order to make your business more competitive and robust.

91st TMBA Annual Convention The Texas Mortgage Bankers Association invites you to attend our 91st Annual Convention to be held June 3 – 5, 2007 at the Hyatt Lost Pines Resort, Lost Pines, Texas.

Our convention is taking place a little later this year, with activities and meetings shifted one day for-ward. We begin with the welcoming reception hosted by the Austin Mortgage Bankers Association on Saturday, June 2, 2007. This gives all of our golfers an opportunity to jump start reconnecting with industry associates in a relaxed setting. Tee off is at 9:30 for the 4th Annual Ray Driver, Jr. Memorial & Stewart Lender Services Company Golf Tournament on Sunday morning.

Because this event is being held in early June we have taken special care to find a resort that caters to the leisure of the entire family. We have planned activities for attendees, spouses, children and youth – this is an opportunity to jump start your vacation.

Our theme, “Face the challenges of today........Rise above industry obstacles” echoes our need to prepare ourselves for the events currently taking place in our industry. We have the following in-sightful speakers lined up; Angelo Mozilo of Countrywide Financial Corp., Dr. M. Ray Perryman of the Perryman Group, and motivational speaker and Olympic Medalist Josh Davis. This year the technology committee will also to introduce the First Annual Vendor Shootout, this year’s focus is “Fraud Prevention”. Participants will include BasePoint Analytics, Core Logic, Data Verify. Interthinx, Kroll Factual Data and Rapid Reporting. (page 3)

The convention registration deadline for discount rates in April 30, 2007 and the hotel reserva-tion cutoff is May 1, 2007. Register today - we will see you there!Register on line or use the form on page 4.

March/April 2007 Page 2

Angelo R. Mozilo Angelo Mozilo is Chairman / Chief Executive Officer of Countrywide Financial Corporation, a company he co-founded in 1969 on the principle that every family in America desiring to achieve the dream of homeownership and have a opportunity to do so. He is active in all aspects of Countrywide’s businesses, which includes mortgage banking, national banking, a securities broker-dealer, life and casualty insurance, real estate closing services and a global mortgage fulfillment operation.

Dr. M. Ray Perryman Dr. M. Ray Perryman is Founder and President of The Perryman Group (TPG), an economic financial analysis firm headquartered in Waco, Texas. Regarded as one of the world’s most influential and innovative economists, his complex modeling systems form a basis for corporate and governmental planning around the globe. His many awards are: the Nation’s Outstanding Young Economist and Social Scientist, (2) the Outstanding Young Person in the World in the Field of Economics and Business, (3) one of the Ten Outstanding Young Persons in the World, and (4) the Outstanding Texas Leader of 1990.

Josh DavisJosh Davis’ world wide travels have provided him with an opportunity to observe the success of individuals from various professions and walks of life. Josh’s message shares his concepts of positive thinking and setting priorities to achieve individual and professional success. The changing industry dynamics have introduce a new set of challenges that require us to re-evaluate directions and strategies, and Josh principles of leadership are easily applied for anybody to achieve maximum effectiveness and strive for peak performance.

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March/April 2007 Page 3

Convention ScheduleSaturday, June 2nd

5:30 – 7:30 pm AMBA Welcome Reception

Sunday, June 3rd

8:00 - Noon Decorator Setup

9:00 am Golf Tournament

10:30 am Spouse Program

Noon – 5:00 pm Exhibitor Move-In

2:00 – 6:00 pm Registration

4:0 0 pm Executive Committee Meeting

5:00 – 6:00 pm FML/New Member Social w/ Officers Board & Committee Chairs

6:00 – 7:30 pm Opening Reception w/ Exhibitors

Monday, June 4th

7:30 am Registration

7:45 – 8:45 am Breakfast w/ Exhibitors

8:45 am Welcome

9:00 – 10:00 am Angelo Mozilo, Chairman & CEO Countrywide Financial Corporation

10:00 – 10:30 am Refreshment Break w/ Exhibitors

10:30 – 11:30 am Dr. M. Ray Perryman, Founder of the Perryman Group

11:30 – Noon Cocktail Reception w/ Exhibitors

Noon – 2:00 pm Lunch & Business Meeting Installation, outgoing & incoming Presidents, DSA Award, FML Scholarship recognition

2:00 – 3:00 pm Josh Davis, Motivational Speaker

3:00 – 4:00 pm Technology Shootout on Mortgage Fraud

4:00 - 4:30 pm Local MBA Roundtable

4:30 – 5:30 pm FML Silent Auction & Closing Cocktail Reception w/ Exhibitors

6:00 pm Exhibitor Tear down

7:00 pm President’s Reception

Tuesday, June 5th

8:00 am Farewell Breakfast

9:00 am Board Meeting

Fraud PreventionVendor Shootout

The TMBA Technology Committee will be holding their 1st Annual fraud prevention vendor shootout in the main session room on the 4th @ 3:00 p.m. The vendor participation had to be narrowed to the first six vendors to respond and each will be given 10 minutes to present their product offerings for fraud prevention. Participants include BasePoint Analytics, Core Logic, Data Verify. Interthinx, Kroll Factual Data and Rapid Reporting Product and features include: borrower income verification and reverse phone lookup, Department of Justice search, HUD limited denial list, broker licensing, employer address validation & reverse phone lookup, home loan application history, SSN verification & deceased list, National Appraisal Registry, Lexis-Nexis news article search, and many others!

FML SilentAuction

Future Mortgage Leaders (FML) will host a silent auction to raise funds for the James M. Wooten / FML Scholarship Fund. This event is FML’s most important fundraising opportunity. Items in the Silent Auction will be prominently displayed for two days at the entrance of the exhibit hall where coffee breaks and other social functions will be held. Convention attendees and guests can review what is available and bid on items Sunday and Monday of the convention.

Items that have been a success in previous actions: trips…autographed pictures, sporting goods, sports books…gift baskets…gift cards…spa packages and event tickets (i.e. professional games, concerts, etc…). Are you interested in donating a item for the auction?Download auction pledge form.

This is the largest fundraiser that we have. FML will accept donation of an item, gift certificate or funds. Contributions received by the Association for the FML/James M. Wooten Scholarship Fund do not qualify as charitable contribution deductions by the donor. Consult your accountant to determine if your contribution will qualify as a deductible business expense.

March/April 2007 Page 4

Registration Form Attendee:

Name: _________________________________________________________________________

Company: ______________________________________________________________________

Address: _______________________________________________________________________

City: ___________________________________________ State: __________ Zip: ___________

Phone: _______________ Fax: ______________ Email: ________________________________

* Guest (If attending) ____________________________________________________________A Guest is defined as significant other, spouse, or an immediate family member and not employed by your company or any other company in the mortgage industry.

Please check the box and indicate any dietary restrictions or special needs you may have which are addressed by the American Disabilities Act, (please also attach a statement regarding any particular needs and someone will contact you).

Fees: Before April 30, 2007 After April 30, 2007TMBA Member $365 $445TMBA Non-Member $465 $545TMBA Member w/Guest $440 $515TMBA Non-Member w/Guest $540 $615Golf $160 $170Spouse - Guest Luncheon $40 $40

Please check if you will participate in the following activities

AMBA Reception (free) family/child related activities

Extra Tickets: (extra tickets must be purchased by convention attendee - it is not necessary to purchase extra tickets for yourself if you pay the general registration fee)

Sunday Opening Reception $50 per person Quantity _________Monday Closing Cocktail Reception $50 per person Quantity _________Monday President’s Reception $75 per person Quantity _________

Payment Registration Fee $__________ Golf Tournament $___________ Handicap:______

Spouse /Guest Luncheon $ _____________ Extra Tickets: $ ___________ Total: $ ________________

Check Enclosed (payable to TMBA) AMEX VISA MASTER CARD

Card #: _______________________________________ Exp. Date: _______________ *CVV2#:_______

Cardholder Name: _______________________________________________________________________

Billing Address (if different): _______________________________________________________________

Authorized Signature: _____________________________________________________________________

Remember to make your hotel reservationsHyatt Regency Lost Pines Resort

575 Hyatt Lost Pines RoadLost Pines, Texas 78612

Room Rate - $195 (single/double)Cut-Off Date - Tuesday, May 1, 2007

Telephone Reservations - (800) 233-1234Online Registration - http://lostpines.hyatt.com/groupbooking/auslpmort2007

Convention SponsorsAegis Mortgage Corp.

Alamo Title Insurance Co.American Flood Research, Inc.

Austin Mortgage Bankers AssociationBarrett Burke Wilson Castle Daffin

& Frappier, LLPBeadles, Newman & Lawler, PC

Black, Mann & Graham, LLPBrown, Fowler & Alsup, PC

CitiMortgageColonial National Mortgage

Compass BankCountrywide Home Loans, Inc.

Credit SuisseCTX Mortgage Co.

Don W. Ledbetter, PLLCEMC Mortgage Corp.

Fannie MaeFirst Continental Mortgage Co.First Horizon Home Loan Corp.

First Magnus Financial Corp.Freddie Mac

GMAC Residential Funding Corp.Greenpoint Mortgage Funding, Inc.

Gregg & Valby, LLPGrosz & Associates, P.C.Home Loan Corporation

Houston Capital MortgageMcGlinchey Stafford and Youngblood

& Bendalin, LLPMiddleberg, Riddle & Gianna

Mortgage Guaranty Insurance Corp.National City Mortgage Co.

New Century Mortgage Corp.Option One Mortgage Corp.PMI Mortgage Insurance Co.

Polunsky & Beitel, LLPRadian Guaranty, Inc.

Republic Mortgage Insurance Co.Robertson & Anschutz, PC

Rocky Mountain Mortgage Co.Saxon Capital, Inc.Shanks Darby, PC

SunTrust Mortgage, Inc.SWBC Mortgage Corp.

Triad Guaranty InsuranceTritter & Associates, PLLC

United Guaranty Residential Insurance Co.Venture Encoding Service, Inc.

Wachovia Mortgage Wells Fargo Home Mortgage

March/April 2007 Page 5

TMBA New MembersEmortgage Logic, LLC

Encomia, LP

calendar

of eventsMayTBA Dallas MBA Meeting5/08 Houston MBA Spring Golf Tournament5/14 Austin MBA Annual Golf Tournament 5/16 Ft. Worth MBA Luncheon

June6/03 - 6/05 91st TMBA Annual 6/05 Convention Hyatt Lost Pines6/06 Austin MBA Luncheon6/07 Dallas MBA Meeting6/12 Houston MBA Meeting6/16 Houston MBA Luncheon Dave Motley will host the installation of new officers

July7/10 Houston MBA Meeting

August8/08 Austin MBA Luncheon

8/09 DMBA Education Seminar - Real Estate Fraud 8/14 Houston MBA Meeting

September9/05 Austin MBA Luncheon9/06 Dallas MBA Meeting9/11 Houston MBA Meeting9/20 Ft. Worth MBA Meeting

October10/3 Austin MBA Luncheon10/4 Dallas MBA Meeting10/18 Ft. Worth MBA Meeting

Golf SponsorshipsThe 4th Annual Ray Driver, Jr. Memorial & Stewart Lender Services Company Golf Tournament will be held on Sunday, June 3, 2007, at the Wolf Dancer Golf Course at the Hyatt Lost Pines Resort. We welcome your support for this year’s tournament. Your sponsorship makes this highly enjoyable event possible for convention participants. Tournament sponsors will be recognized at our Golf Tournament and during the convention with signage displaying contributors who make this event possible and with signs on each hole. Download golf sponsor form.

Fun Activities For The Entire Family!

Shop till you drop! This is the theme for this convention’s spouse event. Following breakfast, jump on the shuttle to the new and exclusive Domain Mall. The Domain features 700,000 square feet of luxury fashion and restaurant space. It caters to Austin’s affluent population with high-end retailers that include Barneys CO-OP, CALYPSO, Intermix, Tiffany & Co., the city’s first Neiman Marcus and restaurants like Jasper’s and Kona. Registration for this event must be indicated on your registration form - if you have already registered click here to add.

It’s a snap! Give them a camera and a map and then turn them loose for an adventure. Children and youth will race to the finish line of the “Photo Scavenger Hunt” after solving riddles, finding clues and snapping the pictures across the hotel grounds. Children and youth will need to pre-register for this activity. Register here.

Other activities offered by Hyatt Lost PinesCamp Hyatt -An exciting place for your children to mingle with other kids and explore all the fascinating aspects of our natural habitat. Each day, campers will take part in nature hikes, water sports, crafts and exploration around the resort and McKinney Roughs. Hyatt Pure Spa - Quite literally, “Django” translates to “I Awake.” It is in this sense of awakening that we have developed our pampering treatments, to enliven each of your senses through music, art, nature, touch, move-ment and fun. With music’s strong influence on mood and physiology, you will enjoy this opportunity to experience the finest in therapeutic massage, herbal therapies, facials and body treatments.

River Rafting - Enjoy group or individual raft tours along the Colorado River. A great activity for the family. The River team offers regular trips returning at the Hyatt dock for an hour float or longer trips are available. Shuttle transportation will be available for smaller groups.

March/April 2007 Page 6

Conference Recap3rd Annual Loan Servicing Conference

With an attendance over 300, the 3rd Annual Loan Servicing Conference was a huge success. Every track was well attended and according to survey results, the sessions were informative and insightful.

This year’s event took place on March 15th at the Embassy Suites Dallas/Frisco. Plans are being made for next year’s conference in mid April.

Congratulations to Committee Chair Barry R. Baker, Vice Chairs David Dill and Terry Ross, also committee members Michael C. Balog, Todd Barton, Tommy Bastian, Toni Bramley, Jack Bryant, Carrie Cogburn, Donya Craddock, Robin Crumpton, Jim DeLoach, Shelia Hair, Ruth Garner, R. Scott Gillen, CMB, John H. Harris, Jann Okerlund, Ruth Ruhl, Gagan Sharma, Kenneth Weleski and Fred Zakula.

National MBA HeadlinesMBA Chairman Robbins Hails GSEs’

Announcement of Loan Products to Help Borrowers Avoid Foreclosure WASHINGTON, DC (April 17, 2007) - John M. Robbins, CMB, Chairman of the Mortgage Bankers Association (MBA), applauded the announcement in congressional testimony by Fannie Mae and Freddie Mac (The GSEs) that they would provide support for new programs and products to help troubled subprime borrowers.

“I commend Fannie Mae and Freddie Mac for their leadership in helping to find solutions to help stranded subprime borrowers. The lend-ing industry continues to actively seek ways to ease the ongoing difficulties of some subprime borrowers and having the GSEs on board as a partner is a welcome addition.

We have met with Wall Street officials, legislators, regulators, in addition to the GSEs and have brought together our own members, all in the search for ways to expand what we are already doing to help subprime borrowers who find themselves unable to pay their loans. This is a broad-based problem, and there are a number of players, in both the public and private sector, who will need to work together to help consumers.

Nobody wins when a loan goes into foreclosure and it will take a team effort to find workable solutions that help keep people in their homes for the long term, and help them get into mortgages they can afford both today and tomorrow. I look forward to working with the GSEs, as well as investors, legislators, regulators and all other stakeholders, to find creative and constructive ways to solve these problems.”

CONTACT: Laura Armstrong John Mechem (202) 557-2730 (202) 557-2924 jmechem@mortgagebankers.org larmstrong@mortgagebankers.org

Local MBA HighlightsThe annual Houston Mortgage Bankers Association Spring Golf Tournament will be: Tuesday, May 8th, 2007 11:00 AM - Registration Wildcat Golf Club 1:00 PM - Shotgun 12000 Almeda, Houston,TX.. more information - dbravo@houseloan.com

The annual Austin Mortgage Bankers Association Golf Tournament will be: Monday, May 14th, 2007 10:00 AM - Registration The Great Hills Golf Course 11:30 AM - Shotgun 5914 Lost Horizon, Austin,TX. more information - www.austinmba.org

The Dallas Mortgage Bankers Association 1st Annual PAR-TEE-TIME!: Monday, June 11, 2007 1:00 PM - Start Cowboys Golf Club more information - www.dallasmortgagebankers.com Golf Tournament benefiting Habitat for Humanity