2007_Subprime_Shorting-Home-Equity-Mezzanine-Tranches-1

Footnote Exhibits - Page 0933
Strictly private & confidential
Investment poured into the residential market has
dramatically increased during the last decade
900 -
Housing recessions Peaked in 2005 Q4 at 802
800 -
0
700 -
c600 -
U
2600 -
C3 C 0 400 -
U-)
0
cN,- 300~
C
0
200-
100 -
US Real Private Domestic Residential Investment (seasonally adjusted
annual rate; constant 2005 Q4 dollars; Left axis)
N /
Real US Gross Domestic Product (seasonally adjusted
annual rate constant 2005 Q4 dollars; Right axis)
15
12
0
a
9 LO
60c
01
----------- I- I
1975 1978 1981 1984 1987 1990 1993 1996 1999 2002 2005
Source: Bureau of Economic Analysis, Bureau of Labor Statistics, Deutsche Bank
Data as of end of Third Quarter 2006
Deutsche Banik [
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.