CRL Congressional District Foreclosure Projections

Projected Foreclosures by Congressional District

2/17/20091 of 14

StateCongressionalDistrict

1

ProjectedForeclosuresin 2009

2

ProjectedForeclosuresover next four years

3

Expected benefit of court-supervisedmodifications(# of homes saved)

4

District foreclosure estimates are based on projected national foreclosures of 2.4 million in 2009 (CRL-derived) and 8.1 million over the next four years (Credit Suisse).In addition, the expected benefit of court-supervised modifications is based on a national savings of 800,000 homes as projected by Moody’s Economy.com in early January 2009. Since that time, Credit Suisse has estimated that court-supervised modifications could reduce foreclosures by 20%.

5

On a base of 8.1 MM foreclosures, this would be 1.6 million homes saved —twice Moody’s projection—so

the benefits reported below are very conservative

. See the endnotes for further details.

AK 002,069 6,888 542 AL 013,686 12,274 1,388 AL 022,817 9,378 1,060 AL 032,614 8,702 984 AL 042,141 7,127 806 AL 053,159 10,518 1,189 AL 064,350 14,482 1,638 AL 072,463 8,200 927 AR 012,029 6,755 690 AR 022,874 9,569 977 AR 033,691 12,290 1,255 AR 041,673 5,571 569 AZ 0111,569 38,514 2,610 AZ 0222,909 76,278 5,170 AZ 0315,546 51,756 3,507 AZ 049,690 32,261 2,186 AZ 0510,888 36,248 2,457 AZ 0614,437 48,066 3,258 AZ 0714,598 48,606 3,294 AZ 0818,692 62,231 4,217CA 019,725 32,380 2,923CA 0210,909 36,318 3,279CA 0317,765 59,148 5,340CA 0415,994 53,246 4,806CA 0511,248 37,449 3,381CA 0610,324 34,374 3,103CA 0713,979 46,541 4,202CA 084,621 15,387 1,389CA 099,508 31,651 2,858

Projected Foreclosures by Congressional District

2/17/20092 of 14

StateCongressionalDistrict

1

ProjectedForeclosuresin 2009

2

ProjectedForeclosuresover next four years

3

Expected benefit of court-supervisedmodifications(# of homes saved)

4

CA 107,072 23,548 2,125CA 1110,912 36,330 3,280CA 127,926 26,388 2,381CA 135,788 19,272 1,740CA 145,092 16,953 1,531CA 153,879 12,916 1,166CA 164,682 15,591 1,408CA 176,557 21,834 1,972CA 1812,673 42,193 3,810CA 1910,201 33,963 3,066CA 208,952 29,807 2,690CA 2110,143 33,771 3,049CA 2210,433 34,734 3,136CA 235,876 19,567 1,767CA 2410,477 34,885 3,150CA 2514,898 49,603 4,479CA 2613,487 44,903 4,053CA 279,659 32,161 2,903CA 283,179 10,583 955CA 293,823 12,729 1,149CA 304,509 15,014 1,355CA 312,456 8,178 739CA 323,701 12,320 1,112CA 334,129 13,748 1,240CA 344,591 15,282 1,380CA 355,856 19,497 1,760CA 367,526 25,053 2,262CA 378,669 28,859 2,605CA 384,472 14,891 1,344CA 398,128 27,060 2,443CA 408,879 29,560 2,669CA 4115,291 50,906 4,595CA 429,299 30,958 2,794CA 438,465 28,185 2,544CA 4416,043 53,411 4,822

Projected Foreclosures by Congressional District

2/17/20093 of 14

StateCongressionalDistrict

1

ProjectedForeclosuresin 2009

2

ProjectedForeclosuresover next four years

3

Expected benefit of court-supervisedmodifications(# of homes saved)

4

CA 4515,328 51,033 4,608CA 467,592 25,277 2,282CA 472,683 8,937 807CA 488,850 29,467 2,661CA 499,560 31,829 2,873CA 509,246 30,781 2,779CA 5112,300 40,950 3,696CA 5210,722 35,698 3,223CA 534,046 13,468 1,216CO 015,355 17,829 1,768CO 025,749 19,141 1,897CO 035,858 19,505 1,933CO 044,804 15,994 1,585CO 056,965 23,189 2,299CO 066,148 20,470 2,029CO 073,369 11,216 1,112CT 013,850 12,817 1,429CT 024,269 14,216 1,584CT 033,874 12,897 1,438CT 042,373 7,902 880CT 053,337 11,111 1,238DC 983,879 12,914 1,122DE 005,550 18,477 2,219FL 0118,802 62,599 5,833FL 0210,898 36,282 3,380FL 0319,569 65,150 6,071FL 0413,949 46,444 4,327FL 0519,059 63,452 5,913FL 0610,208 33,986 3,167FL 0718,473 61,503 5,731FL 0815,373 51,186 4,770FL 0917,477 58,185 5,420FL 1016,622 55,342 5,157FL 1114,658 48,805 4,548FL 1215,103 50,284 4,686