Chase to Cease Origination through Wholesale/Broker Business

• Chase is no longer accepting new Wholesale registrations, submissions and locks.

• All current loans in your Chase Wholesale pipeline must fund by end of day March 20, 2009. This includes the purchase of Warehouse Seller loans.

• Submission of underwriting conditions, scheduling closings and other existing Chase pipeline management activities remain available through ChaseLoanCenter.

• Our Rural Housing program is unaffected by these changes.

Home lending remains an integral part of our firm’s overall financial strategy and as such, we have a responsibility to our customers, shareholders and employees. Moving forward, we have decided to focus on loan originations through Chase bank branches, our Consumer Direct business, and retail-originated loans acquired from Correspondent lenders. Our new strategic direction is supported through the recent merger with Washington Mutual, which increased our bank branch inventory nationwide and enables us to serve nearly 70 percent of the American population.

As a result of our strategic decision, we are closing our Wholesale business.

We continue to purchase retail-originated loans through our Correspondent business. Our Rural Housing program remains unaffected by this change.

This decision has been an extremely difficult one, but in this current environment, we feel it is the most prudent one to make.

Please review the bulletin below in detail as to any impacts to you and your business process with Chase.

Wholesale Bulletin #EA2009-05

Thank you for your business and support over the years.