The mortgage market is suffering its worst crisis in over twenty years: from their peaks, new homes sales are down over 50%, home prices are down over 8%, and the bond market remains tumultuous. Please join us for PIMCO's perspectives on the mortgage market: the roots of the subprime crisis, the market's outlook, and how to capitalize on the current market environment.

PIMCO's Mortgage Backed Securities
Outlook: How to Take Advantage of the Current Dislocation

The seminar will address "The State of the MBS Market" including:

• Current Risks and Opportunities
• How to Invest in the Current MBS Environment

If you are interested in attending one of these events, please RSVP to julie.dunlap@clarkconsulting.com or contact your Clark Representative for additional information or questions.

Jennifer Bridwell
Ms. Bridwell is an Executive Vice President and Product Manager for the MBS/ABS team. Before joining PIMCO in 2005, she was a member of the portfolio strategies group at Fannie Mae, and also worked in MBS/ABS sales at both Visible Markets and Freddie Mac. Previously she was a mortgage portfolio manager at the hedge fund Normandy Asset Management and an analyst at Smith Breeden Associates. She has nineteen years experience in mortgage finance. She holds bachelor's degrees in economics with finance concentration as well as Russian area studies from Southern Methodist University.