MAXEX Providing Liquidity as We Navigate the Covid-19 Crisis

MAXEX Chairman and CEO, Tom Pearce, provides an update on how we are managing operations during this time of uncertainty.

As a MAXEX LoanExchange participant, we want to update you on the status of
LoanExchange as we address the impact of COVID-19. Along with keeping our
employees and community as safe as possible, we are also dedicated to maintaining
MAXEX’s LoanExchange as an uninterrupted and reliable source of liquidity for the nonagency mortgage market.

MAXEX’s Jumbo buyers have continued to provide pricing and take locks
throughout the recent market turbulence.

MAXEX continues to settle loans in the pipeline as they are cleared and our buyers have all indicated that they are operating normally.
We are in continuous communication with our buyers and sellers, and we will keep you informed of new developments. Our goal is to continue to execute business as usual and support you with the highest level of service.

This is, of course, a developing situation, but we want you to know that you have the full
support of the MAXEX team. Please contact us with any questions as we navigate through
these difficult times together.

Thomas M. Pearce
Chairman & CEO