Keefe, Bruyette & Woods, Inc., a full service investment bank that specializes in the financial services sector, and a wholly owned subsidiary of KBW, Inc. (NYSE: KBW), today announced upcoming changes to the KBW Mortgage Finance Index (Index Symbol: MFX^SM).

Effective prior to the opening of business on Monday, December 1, 2008, the following changes will be made to the KBW Indices:

MFX

Deletions:

Corus Bankshares Inc. (NASDAQ: CORS)

Downey Financial CP (Other OTC: DWNFQ.PK)

Flagstar Bancorp Inc. (NYSE: FBC)

MGIC Investment Corp. (NYSE: MTG)

PMI Group Inc. (NYSE: PMI)

Radian Group Inc. (NYSE: RDN)

Additions:

Avatar Holdings Inc. (NASDAQ: AVTR)

Capitol Federal Financial (NASDAQ: CFFN)

MDC Holdings Inc. (NYSE: MDC)

Meritage Homes Corp. (NYSE: MTH)

Ocwen Financial Corp. (NYSE: OCN)

United Community Banks Inc. (NASDAQ: UCBI)

The KBW family of indices and exchange traded funds include: KBW Bank Index (Index Symbol: BKX^SM, ETF Symbol KBE^SM); KBW Capital Markets Index (Index Symbol: KSX^SM, ETF Symbol KCE^SM); KBW Insurance Index (Index Symbol: KIX^SM, ETF Symbol KIE^SM); KBW Regional Banking Index (Index Symbol: KRX^SM, ETF Symbol: KRE^SM) and KBW Mortgage Finance Index (Index Symbol: MFX^SM).

About KBW

KBW, Inc. is the parent of Keefe, Bruyette & Woods, Inc., Keefe, Bruyette & Woods Limited and KBW Asset Management. Keefe, Bruyette & Woods, Inc. is a full service investment bank specializing in the financial services industry. Founded in 1962, it is widely recognized as a leading authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors. The firm has established industry-leading positions in the areas of research, corporate finance, mergers and acquisitions, as well as sales and trading for financial services companies.

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