Ponte Vedra Beach, Fla. - July 16, 2007 - Capital Markets Cooperative (CMC), a provider of services and expertise that reduce risk and maximize profits for mortgage bankers, today announced a new strategic alliance with Fannie Mae. This relationship will bring members of the cooperative greater benefits when selling loans to the secondary market. CMC members will now enjoy access to Fannie Mae's Desktop Underwriter (DU) platform in addition to benefits such as advantageous pricing, increased flexibility in methods of execution and a wide variety of loan products and value-added services.

According to CMC president Tom Millon, the company's mortgage banker clients stand to see substantial benefits under the structure of the new strategic alliance. "Fannie Mae is, hands down, the largest player in the secondary market, and our clients now have greater flexibility and get better pricing on the loans they sell upstream to Fannie. They'll also pay lower fees to use Desktop Underwriter. Our members gain access to a wide variety of loan products available from Fannie Mae, as well eligibility for special programs. Add to that the top-level consulting, training and marketing assistance Fannie Mae provides its strategic alliance partners and you can see what a boon this is to CMC members."

"Fannie Mae is excited to grow our relationship with CMC through a new alliance agreement," said John Sayre, Fannie Mae's vice president for marketing. "We look forward to bringing CMC patrons effective products and services to help meet their business and liquidity needs. For the last six months, Fannie Mae and CMC have worked together to develop a relationship that ensures the maximum benefit for all involved - for Fannie Mae, CMC, their clients and, of course, the American home buyer."

CMC-partnered mortgage bankers have access to methods of execution historically limited to only those with large volume and high levels of expertise. The new strategic alliance greatly expands the execution options available to CMC clients, and opens the door to such alternatives as co-issue. The result is a higher-level, more sophisticated capital markets execution, with wider profit margins for the mortgage banker. The power of the cooperative gives mortgage lenders access to this higher-level execution.

About Capital Markets Cooperative
Capital Markets Cooperative (CMC) provides mortgage bankers with the economies of scale and the expertise that reduce risk and maximize profit in the secondary market. Regarded as the premiere secondary marketing specialists in the industry, CMC has worked with financial institutions nationwide to break traditional barriers in capital markets and take performance to the next level of profitability. To date CMC executives have managed more than $500 billion of mortgage volume. For more information about Capital Markets Cooperative, visit www.capmkts.org or call (904) 543-0052 or e-mail info@capmkts.org.

About Fannie Mae

Fannie Mae is a shareholder-owned company with a public mission. It exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates. Fannie Mae's job is to help those who house America.