2007_Subprime_Shorting-Home-Equity-Mezzanine-Tranches-1
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Footnote Exhibits - Page 0931
Strictly private & confidential
Both housing starts and building permits indexes have
seen declines in recent months not experienced since
1990
2400
2200
2000
1800
1600
1400
1642
1596
1200
1000
800 V
600 1 I
1976 1978. 1980 1982 1984 1986 1988 1990 1992 1994
1996 1998 2000 2002 2004 2006
- Housing Starts
-- Housing Permit
Source: US Department of Commerce
Data as of end of December 2006
Deutsche Bank 0
All numbers shown in this presentation are indicative and are based on a sample portfolio. Actual numbers will be
different and will depend on the actual portfolios selected.
7
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