Home Loan Servicing Update

Home Loan Servicing Update - April 2007

MORTGAGE PAYMENT PROTECTION PLAN

This value added benefit has been offered on WHEDA® loans rate locked January 1,2004 and after. It is provided by Mortgage Guardian and can provide mortgage payment protection for the first two years of the loan.

Mortgage payment protection offers Homeowners the peace of mind knowing they may be protected by making their mortgage payment should they become involuntarily unemployed.

This is an excellent collection tool. Please make sure you are reminding borrowers that they may qualify for this benefit. Find answers to basic questions regarding Mortgage Guardian here.

If you have any questions on who qualifies for this insurance or wish to get the specifics or details on the protection please contact Mortgage Guardian at 800-711-4281.

DELINQUENCY RATES - 1st QUARTER

2007		Portfolio	30 Day	60 Day	90 Day	Foreclosure	Bankruptcy
JAN	W	1.11%	0.91%	0.16%	0.04%	0.29%	0.49%
	L	2.44%	2.11%	0.29%	0.04%	0.45%	0.48%
	T	2.05%	1.76%	0.25%	0.04%	0.40%	0.48%

FEB	W	1.10%	0.99%	0.10%	0.01%	0.27%	0.50%
	L	2.29%	1.95%	0.27%	0.07%	0.46%	0.46%
	T	1.94%	1.67%	0.22%	0.05%	0.40%	0.47%

MAR	W	0.77%	0.62%	0.15%	0.00%	0.25%	0.49%
	L	1.96%	1.71%	0.15%	0.10%	0.44%	0.43%
	T	1.61%	1.39%	0.15%	0.07%	0.39%	0.44%

(W = WHEDA L = LENDER T = TOTAL)