Financial Services >> Analyst Interviews >> July 19, 2004

PRIME & SUBPRIME RESIDENTIAL LENDERS: JAMES FOWLER – JMP SECURITIES LLC

James Fowler, Managing Director and Senior Analyst of Mortgage Finance, joined JMP Securities LLC in February 2001 as a Managing Director and Senior Research Analyst, covering the mortgage finance sector. Prior to joining JMP, he was a Principal and Senior Research Analyst at Thomas Weisel Partners and responsible for public stock coverage and private equity research in the financial technology sector. He joined TWP after a five-year tenure at Montgomery Securities, now Banc of America Securities. He has extensive experience in the fixed income capital markets. Prior to joining Montgomery Securities, he was responsible for managing mortgage investments and mortgage trading positions at both Oppenheimer and Co., and Ocwen Financial Corporation. He was named a Wall Street Journal All-Star Analyst (ranked number two) in its 'Best on the Street' analyst survey for real estate and for diversified financial services in 2004 and for real estate in 2003 (ranked number one) and 2001 (ranked number five). He attended Montana State University and California State University, receiving degrees in both Economics and Finance. Profile
TWST: Could you start with an overview of your coverage in the mortgage

finance space at JMP Securities?

Mr. Fowler: I cover primarily residential lenders, running the credit

spectrum from