Andrew Davidson & Co., Inc. and COMPASS ANALYTICS partner to deliver Prepayment Models

New York, NY – 16 October 2006

Andrew Davidson & Co., Inc. and Compass Analytics, LLC announced today the successful integration of the Andrew Davidson & Co., Inc. MBS Prepayment Model into Compass’s Mortgage Analytics solution, CompassPointTM. Mutual Compass and Andrew Davidson customers will now have access to Andrew Davidson & Co., Inc. MBS prepayment model through CompassPointTM for derivation of option-adjusted durations and mortgage cash flow valuation and analysis.

"Andrew Davidson supplies one of the industry’s leading prepayment models," said Rob Kessel, Managing Partner of Compass Analytics. "Compass’s integration of Andrew Davidson’s Prepayment Models will significantly augment Compass’s Mortgage Valuation and Trading analytics designed to seamlessly integrate the valuation process from mapping of loan data through whole loan or structured whole loan cash flow valuations.” Rob Landauer, Director of Business Development at Andrew Davidson & Co., Inc., commented “We are extremely pleased to include Compass Analytics as our newest partner and are committed to delivering the most comprehensive risk management solution we can provide to our mutual clients.”

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.

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