To: da Silva, Rosa M From: Jeffrey Epstein Sent Tue 6/28/2011 1:09:00 PM Subject Re: Housing Idea i prefer keeping transfers to a minimum„ letting the homeowner stay in „ the section 8 type payments made as mortgage assistance„ it keeps the banks books clean.. the mortgage shortfall certificates can trade. they are a call on different pools of similarly priced homes 200-250k 250- 300 k etc. they are of diffemt durations, and maybe have a govt like gurantee. or a converible mortage type bond converitble into the equity or equity increase On Mon, Jun 27, 2011 at 4:44 PM, da Silva, Rosa M wrote: Jeffrey, please see attached. Thanks, Rosa This email is confidential and subject to important disclaimers and conditions including on offers for the purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal entity disclaimers, available at http://www.jpmorgan.corn/pages/disclosures/email. The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00263619 EFTA01862478