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» LENDER/SERVICER PROFILE VISIT US ONLINE @ DSNEWS.COM REGIONAL INSTITUTION U.S. Bank key personnel Robert Smiley EVP, Loan Administration Shirley Quist SVP, Customer Relations Gregg Speer SVP, Default Administration Jane Smallwood SVP, Home Mortgage Staffing »Servicing staff: 1,475 »Servicing sites: 8 servicing summary * Portfolio Stats » Residential servicing portfolio: $237B (UPB) Portfolio Growth Unpaid Principal Balance (UPB) » 2012: $237B » 2011: $207B » Annual Change: +14.5% company vitals Headquarters: Minneapolis, Minnesota Take a look inside the numbers Phone: 800.365.7772 Online: USBank.com U.S. Bank National Association is a division of U.S. Bancorp. It was formed in the 1990s from the acquisition and merger of several major regional banks in the West and Midwest. According to USBank.com, U.S. Bancorp has $330 billion in assets and operates 3,089 banking offices in 25 states (as of September 30, 2011), in addition to select operations in Canada and Europe. In addition to handling residential mortgages, U.S. Bank is the fifthlargest commercial bank in the U.S. and ranks sixth in the nation in terms of total deposits, according to the company's website. company's l atest Minnesota February 1, 2013 Delinquency Stats » » » » 30-89 day delinquencies: 0.79% 90+ day delinquencies: 0.64% Nonperforming loans: 1.50% Net charge-offs: $95M, 0.89% (in Q4 2012) » More than 70% of portfolio balance originated since beginning of 2009 with higher credit quality Foreclosure Stats » Days in foreclosure, on average: 264 **As of Q4 2012 unless otherwise noted stat insight $80 Million Expense accrued by U.S. Bank and included in Q4 2012 results for the mortgage foreclosure settlement reached with federal regulators on January 7 in lieu of Independent Foreclosure Reviews. $13M Illinois $12M U.S. Bank Names New Market President for Washington Missouri $8M U.S. Bank has named Chris Heman, 44, market president for Washington state and head of commercial banking in the Puget Sound area. Heman is replacing longtime market president Ken Kirkpatrick, who is retiring March 1 after a decade of heading the Minneapolis bank's operations here. U.S. Bank has 186 branches and approximately 2,500 employees in Washington state. Heman has been with U.S. Bank for 20 years and for the past eight years headed U.S. Bank's retail operations in Seattle and Tacoma. He helped run the bank's state board of directors, worked with the media, and partnered with other bank executives. California $7M —Seattle Business Journal MSRs » Q3 2012: $1.55M » Q3 2011: $1.47M » Annual Change: +6% states by loan balance* December 21, 2012 U.S. Bank Provides $38M in Financing for Denver Homeless Facility U.S. Bank has extended $38 million in financing to the Colorado Coalition for the Homeless for its new Stout Street Health Center & Renaissance Stout Street Lofts, a mixed-use five-story development in downtown Denver. U.S. Bank, a unit of Minneapolis-based U.S. Bancorp is the third-largest bank in Colorado by deposits. The bank is providing two separate financing packages for the development, including an $11 million construction loan and nearly $13 million of Low-Income Housing Tax Credit equity to finance the residential housing, as well as an $8.5 million loan and nearly $6 million in New Markets Tax Credit (NMTC) equity to support the development of the health center. U.S. Bank structured the tax credit investments through its community investment subsidiary, U.S. Bancorp Community Development Corporation, partnering with Build America CDE on the NMTC financing. —Denver Business Journal key technology Loan Workout: Proprietary analyst assesment Morgan Stanley reported U.S. Bank had by far the cheapest borrowing cost of a group of large banks. Its credit spread was less than half of JPMorgan's on five-year debt. —The Minneapolis Star-Tribune Wisconsin $5M *As of Q3 2012 origination summary Mortgage Production » 2012: $42.6B » 2011: $35.8B » Annual Change: +19% Loan Repurchases » Lower than peers, which company officials attribute to their "conservative credit and underwriting culture" and the bank's "disciplined origination process" » Primarily originates conforming loans; 95% of residential mortgages originated sold to GSEs » Does not participate in private placement securitization market » Repurchases in 2012: $228M » Outstanding repurchase requests: $131M *As of Q4 2012 know this Approximately $353 million of U.S. Bank's delinquent home mortgages were defined as subprime, according to the company's Q3 2012 earnings report. Sources: U.S. Bank (1/17/2013), ForeclosureRadar.com (2/1/2013) 83