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1.65 MILLION U.S. PROPERTIES RECEIVE FORECLOSURE FILINGS INFIRST HALF OF 2010 ACCORDING TO REALTYTRAC

Bank Repos Hit Another Record High in Q2 While Defaults and Auctions DecreaseJune Marks Third Straight Monthly Decrease in Overall Foreclosure Filings

IRVINE, Calif. – July 15, 2010 –

RealtyTrac

(www.realtytrac.com), the leading onlinemarketplace for foreclosure properties, today released its Midyear 2010 U.S. ForeclosureMarket Report, which shows a total of 1,961,894 foreclosure filings — default notices, auctionsale notices andbank repossessions— were reported on 1,654,634 U.S. properties in the firstsix months of 2010, a 5 percent decrease in total properties from the previous six months butan 8 percent increase in total properties from the first six months of 2009. The report alsoshows that 1.28 percent of all U.S. housing units (one in 78) received at least one foreclosurefiling in the first half of the year.Foreclosure filings were reported on 313,841 U.S. properties in June, a decrease of nearly 3percent from the previous month and a decrease of nearly 7 percent from June 2009. Junewas the sixteenth straight month where the total number of properties with foreclosure filingsexceeded 300,000.Foreclosure filings were reported on 895,521 U.S. properties during the second quarter, adecrease of nearly 4 percent from the previous quarter and an increase of less than 1 percentfrom the second quarter of 2009.Defaultandauction noticeswere down on a quarter-over- quarter and year-over-year basis in the second quarter, but bank repossessions (REOs)increased 5 percent from the previous quarter and 38 percent from Q2 2009 to 269,962 — anew quarterly high for the report. “The second quarter was a tale of two trends,” said James J. Saccacio, chief executive officerof RealtyTrac. “The pace of properties entering foreclosure slowed as lenders pre-empted ordelayed foreclosure proceedings on delinquent properties with more aggressive short sale andloan modification initiatives. Meanwhile the pace of properties completing the foreclosureprocess through bank repossession quickened as lenders cleared out a backlog of distressedinventory delayed by foreclosure prevention efforts in 2009. “The midyear numbers put us on pace to exceed 3 million properties with foreclosure filings bythe end of the year, and more than 1 million bank repossessions,” Saccacio continued. “Theroller coaster pattern of foreclosure activity over the past 12 months demonstrates that whilethe foreclosure problem is being managed on the surface, a massive number of distressedproperties and underwater loans continues to sit just below the surface, threatening the fragilestability of the housing market.”

Nevada, Arizona, Florida post top state foreclosure rates

Nearly 6 percent of allNevadahousing units (one in 17) received at least one foreclosure filingin the first half of 2010, giving Nevada the nation’s highest foreclosure rate during the six-month period despite decreasing foreclosure activity. A total of 64,429 Nevada propertiesreceived a foreclosure filing from January to June, a decrease of 13 percent from the previoussix months and a decrease of 6 percent from the first six months of 2009.Arizonaregistered the nation’s second highest state foreclosure rate in the first half of 2010,with 3.36 percent of its housing units (one in 30) receiving a foreclosure filing, and Floridaregistered the nation’s third highest state foreclosure rate, with 3.15 percent of its housingunits (one in 32) receiving a foreclosure filing during the six months.

Other states with foreclosure rates ranking among the nation’s 10 highest were California(2.54 percent), Utah (1.91 percent), Georgia (1.79 percent), Michigan (1.73 percent), Idaho(1.68 percent), Illinois (1.61 percent), and Colorado (1.40 percent).

California, Florida, Arizona post highest foreclosure totals

A total of 340,740Californiaproperties received a foreclosure filing in the first half of 2010,the nation’s highest total but down 15 percent from the previous six months and down nearly13 percent from the first six months of 2009.With 277,073 properties receiving a foreclosure filing in the first six months of 2010,Florida documented the second highest state total. First-half foreclosure activity in Florida decreasednearly 9 percent from the previous six months but increased 3 percent from the first half of 2009.Arizona’s 91,484 properties receiving a foreclosure filing in the first six months of 2010 wasthe third highest state total even though the state’s foreclosure activity decreased nearly 2percent from the previous six months. Arizona foreclosure activity in the first half of 2010 wasstill up nearly 2 percent from the first half of 2009.Other states with first-half totals among the 10 highest in the country were Illinois (85,223),Michigan (78,509), Georgia (71,949), Texas (64,883), Nevada (64,429), Ohio (59,927), andNew Jersey (36,542).

Report methodology

The RealtyTrac Midyear U.S. Foreclosure Market Report provides a count of the total numberof properties with at least one foreclosure filing entered into the RealtyTrac database duringthe first six months of the year. Some foreclosure filings entered into the database during thesix-month period may have been recorded in previous months. Data is collected from morethan 2,200 counties nationwide, and those counties account for more than 90 percent of theU.S. population. RealtyTrac’s report incorporates documents filed in all three phases of foreclosure: Default —Notice of Default(NOD) andLis Pendens(LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); andReal Estate Owned, orREO properties(that have been foreclosed on and repurchased by a bank). The report does notcount a property again if it receives the same type of foreclosure filing multiple times withinthe estimated foreclosure timeframe for the state where the property is located.

U.S. Foreclosure Market Data by State – Jan to Jun 2010

RateRank

State NameTotal Propertieswith Filings %Housing Units 1/every X HU%

fromJul-Dec 09%

fromJan-Jun 09--U.S.1,654,6341.28 78 -5.14 8.26

35Alabama11,419 0.53 189 -7.99 18.2533Alaska1,529 0.54 185 -8.06 42.632Arizona91,484 3.36 30 -1.60 1.8821Arkansas11,093 0.85 117 10.49 28.304California340,740 2.54 39 -15.25 -12.9910Colorado30,177 1.40 71 -9.11 13.6016Connecticut13,315 0.92 108 12.90 51.2932Delaware2,386 0.61 165 32.33* 53.05*District ofColumbia 1,221 0.43 234 -28.55 -31.253Florida277,073 3.15 32 -8.61 3.366Georgia71,949 1.79 56 11.08 27.5912Hawaii6,482 1.26 79 9.57 79.918Idaho10,799 1.68 59 -9.46 35.809Illinois85,223 1.61 62 -0.87 23.63

17Indiana25,524 0.91 110 0.00 3.4843Iowa3,248 0.24 409 0.81 8.4134Kansas6,602 0.54 186 17.96 41.6739Kentucky6,653 0.35 289 7.83 52.73*38Louisiana8,137 0.43 231 4.03 57.69*42Maine1,965 0.28 356 -0.25 27.6013Maryland28,293 1.21 82 -6.20 56.2122Mass.22,933 0.84 119 -4.35 24.247Michigan78,509 1.73 58 7.99 29.16**26Minnesota17,109 0.73 136 -9.03 10.1245Mississippi2,243 0.18 565 -38.60 3.1330Missouri17,242 0.65 155 5.05 24.2240Montana1,507 0.34 291 31.62* 419.66*44Nebraska1,708 0.22 460 33.33* 167.71*1Nevada64,429 5.72 17 -13.20 -6.2324NewHampshire 4,528 0.76 132 17.21 11.9715New Jersey36,542 1.04 96 -17.40 52.9727New Mexico6,338 0.73 138 19.79 140.90*41New York24,506 0.31 326 -19.84 1.2237North Carolina20,097 0.48 209 10.33 58.97*48North Dakota278 0.09 1,127 22.47 39.00*14Ohio59,927 1.18 85 3.16 1.6831Oklahoma10,343 0.63 158 12.41 84.40*11Oregon21,538 1.32 76 9.14 13.0436Pennsylvania27,684 0.50 199 -2.19 16.0129Rhode Island2,979 0.66 152 -16.27 -6.0820South Carolina17,616 0.86 117 20.82 34.0146South Dakota576 0.16 628 -8.86 125.00*23Tennessee23,100 0.84 119 -0.07 13.4328Texas64,883 0.68 148 4.48 32.035Utah18,058 1.91 52 2.03 33.8050Vermont78 0.02 4,008 -29.73 122.86*18Virginia30,063 0.91 110 3.66 5.9825Washington20,960 0.75 133 4.87 5.5749West Virginia549 0.06 1,615 -36.53 -17.1919Wisconsin22,640 0.88 113 0.88 25.8947Wyoming359 0.15 686 -6.51 -13.08

*Actual increase may not be as high due to data collection changes or improvements **Collection of records classified as NOD began in August 2009 because of change in state law

U.S. Foreclosure Market Data by State – Q2 2010

Properties with Foreclosure Filings

RateRank

State Name NOD LIS NTS NFS REO Total1/every XHU (rate)%

fromQ1 10%

fromQ2 09-- U.S.102,797 169,209 251,435 102,118 269,962 895,521 144 -3.94 0.64

36Alabama 0 0 2,711 0 2,936 5,647 382 -13.73 -11.8235Alaska 2 0 490 0 270 762 372 -16.90 29.592Arizona 36 6 28,278 0 17,293 45,613 60 -18.09 -4.8022Arkansas 385 68 3,432 0 2,086 5,971 217 -4.40 28.69