1. Chrisman LLC MORTGAGE COLLABORATIVE CONFERENCE AUGUST 2015 “ Putting Mortgage News Into an Understandable Framework ” rchrisman@robchrisman.com Rob Chrisman

2. Chrisman LLC

3. HOW ARE WE EXPECTED TO KEEP ALL OF THIS IN CONTEXT? “The U.S. Army is planning to cut 40,000 soldiers and 17,000 civilian workers over the next two years.” “Wells Fargo 2 nd Quarter Mortgage Originations +32%” “Late Payments on Home Equity Loans Drop, Defying Warnings” “Trump urges Military Strike Against CFPB” Chrisman LLC

4. IS THIS REALLY NEWS? " I want to emphasize that the course of the economy and inflation remain highly uncertain, and unanticipated developments could delay or accelerate this first step." Janet Yellen Chrisman LLC

5. JOURNALISM 101 Who What When Where How (Stay tuned) Chrisman LLC

6. KEY THEMES FOR THE REST OF 2015 AND EARLY 2016 Compliance has become a recruiting tool. “Dirt spelled backwards is…” The end of 30 day rate locks? Should I change my model? Uh, non- QM? e…signatures, notes, disclosures, mortgage How do we grow: M&A? A new model? Regulator interference And… Chrisman LLC

7. MILLENNIALS ARE EASY TARGETS Chrisman LLC

11. WRAP UP Rates versus a business model We can expect market volatility to continue We can expect further consolidation E-whatevers We can expect the legal & regulatory atmosphere to continue

12. JOURNALISM 101 Who What When Where How Why: Helping families & clients Chrisman LLC

13. REMINDER FROM MANAGEMENT: "Do not let what you cannot do interfere with what you can do." John Wooden, American basketball player and coach

14. Chrisman LLC Thank you very much, have a memorable Conference, and keep up the great work!

15. Chrisman LLC Thank you very much, have a great Summit, and keep up the great work!