Home Equity Data Now Available on ABSnet™ - The Source for Securitization Information

Internet-based service offers "one stop" access to performance data, news, and research on asset-backed securities (ABS)

For Immediate Release

Contact:
Paul Arvidson
Lewtan Technologies, Inc®
781-672-1216
parvidson@lewtan.com
www.lewtan.com

May 4, 1999, Waltham, MA - Lewtan Technologies ("Lewtan"), today announced the availability of home equity data on ABSnet™ (http://www.absnet.net), the new Internet service devoted to the asset-backed securities (ABS) industry. Subscribers to the premium service now have full access to in-depth home-equity performance data for viewing and analysis, along with a wealth of related content on the asset-backed market.

The availability of home equity data on ABSnet™ satisfies a longstanding need within the industry for convenient, electronic access to historical performance data on asset-backed securities. Prior to ABSnet™, ABS professionals were forced to gather and distill ABS information from a variety of disparate electronic and hard copy sources. In contrast, ABSnet™ consolidates performance data, software tools, news, and information to provide a centralized, internet-based resource for ABS professionals, thus eliminating the time-consuming and error-prone process of sifting through multiple sources and keying in information. As a result, primary parties such as investors, issuers, underwriters, and rating agencies can take advantage of an "industry channel" where they can view and retrieve data on the full history of ABS transactions.

With up to 100 performance statistics available for many of the home equity deals covered - including delinquencies, losses, prepayments, REO, and foreclosures - ABSnet™ provides significantly more information on home equity deals than is available through other sources. The service also provides built-in reporting and analysis tools, allowing users to quickly plot the performance of individual deals or groups of deals. All of the data on ABSnet™ can also be exported into other software applications for hard copy reporting or additional analyses.

The home equity performance data on ABSnet™ is complemented by a wealth of related information on asset-backed securities, including news, ratings information, research, analyses, and commentary from leading sources of ABS information. By simplifying access to high-quality information on asset-backed securities, ABSnet™ rewards subscribers with substantial time savings, reduced effort, and ultimately improved decision-making.

Lewtan continues to seek law firms who are interested in sponsoring ABSnet™. Interested parties may contact Jay Lebed at jlebed@lewtan.com.

About ABSnet™

Released in March, ABSnet™ delivers performance data, software tools, news, and related information on asset-backed securities directly to the desktops of ABS professionals. Developed by Lewtan Technologies with a consortium of leading organizations within the securitization industry, ABSnet™ consolidates content from Standard & Poor’s, Fitch IBCA, Duff & Phelps Credit Rating Co., Reuters, Asset-Backed Alert, and Asset Sales Report.

More than 500 ABS professionals have subscribed to the service since its release. For a preview of ABSnet™, visit the ABSnet™ web site at www.absnet.net.

About Lewtan Technologies, Inc.

Lewtan Technologies, Inc.® is the leading provider of software, data and analytics to the global securitization industry. Founded in 1986, Lewtan serves over 200 securitization customers worldwide. In 1999, Lewtan, working with an industry consortium including Standard "&" Poor's, Fitch, Bank One and others, launched ABSNet (www.absnet.net). ABSNet is now the leading Internet source of structured finance news, data, research and analytics, with over 7,000 users in more than 50 countries. Lewtan offers industry participants "Powered by ABSNet" solutions that leverage ABSNet's web infrastructure, database and user base. Solutions benefit issuers, CDO collateral managers, dealers, investors, credit enhancers, trustees, rating agencies and asset-backed CP conduit sponsors.