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76 More than a list of words, we conduct our business by believing in the following: Commitment Experience Reputation US REO Partners is committed to improving the level of service in the industry by bringing together quality real estate brokers, title companies and attorneys. Servicers, Hedge Funds, Asset Managers and Community leaders across the country know that they can count on us as the Standard of the Industry. Just a few benefits of working with US REO Partners: » Members average more than 15 years of REO experience; one-third of members average more than 24 years. » Access to screened, high-performing brokers, title companies, and knowledgeable attorneys in the MSAs. More than 400,000 properties sold by our network and thousands of properties under management. » Brokers who regularly manage challenging assets: large repair projects, properties suffering from stigmas, low end/high end and in between, code violations, liens, etc. » Half of the organization's founders have asset managing or servicing experience. Many members are former asset managers. Members are all experienced professionals who make the client's job easier. » A true partner for a win/win model to effectively and efficiently handle the challenges in today's industry. P R O UD S U P P O R T ER S E P T E M B E R 1 8 t h , 2 0 1 5 P R O U D S U P P O R TE R S E P T E M B E R 1 7 T H , 2 0 1 5 JPMORGAN CHASE AND MBS INVESTORS REACH $388 MILLION SETTLEMENT JPMorgan Chase & Co., agreed to pay $388 million to resolve a lawsuit by investors who claimed the U.S. bank provided misleading information about the safety of $10 billion worth of residential mortgage-backed securities (MBS) it sold before the financial crisis, according to multiple media reports. e Fort Worth Employees' Retirement Fund and other investors in nine offerings made before the 2008 financial crisis brought the lawsuit forth, according to Bloomberg Business writer Patricia Hurtado. ey accused JPMorgan of misleading them about the underwriting, appraisals, and credit quality of the home loans underlying the certificates. She added that after the 2008 collapse of Lehman Brothers Holdings Inc., the certificates were worth 62 cents on the dollar at most, the investors said. According to Reuters' reporter Sneha Banerjee, in 2013, JPMorgan agreed to a $13 billion settlement with the Justice Department over allegations the bank misled MBS investors about the soundness and risks of the investments that helped bring on the subprime-mortgage crisis of 2008. JPMorgan said throughout the litigation process that the poor performance of the certificates was not due to the quality of the loans but was caused by the collapse of the overall economy, Banerjee added. e $388 million settlement was disclosed in a Manhattan federal court filing in July, Hurtado said. As part of the settlement, the bank denied any wrongdoing, and a judge must decide whether to approve the pact. "We couldn't have achieved such a stellar recovery without the leadership of the Northern and Southern California Laborers Pension Funds," Luke Brooks, a lawyer for the plaintiffs, said in a statement. "ese funds not only stepped forward to protect their participants' hard earned retirement savings, but equally importantly they committed themselves to the trial of this action, which allowed us to maximize the recovery for the class." Bloomberg Business noted that Joseph Evangelisti, a spokesman for New York-based JPMorgan, declined to comment on the settlement. e case is Fort Worth Employees' Retirement Fund v. J.P. Morgan Chase & Co., 09-cv-3701, U.S. District Court, Southern District of New York (Manhattan). The delinquency rate, or the share of loans 30 days overdue but not in foreclosure, dropped by 3 percent up to 4.82 percent (about 2.44 million properties) from May to June and declined 15.5 percent year-over-year, according to Black Knight Financial Services. KNOW THIS

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