Mi código falla al inicio porque la matriz de valores en elConverter que es llamado por elMultibinding esno se llena con el valor adecuado pero tiene un valor de DependencyProperty.UnsetValue.

echar un vistazo a Convertor y también ver dónde obtengo el error

public class ButtonColorConverter : IMultiValueConverter
    {
        public object Convert(object[] values, Type targetType, object parameter, CultureInfo culture)
        {
            string val1 = string.Format("  {0}  ", values[0]);
            string val2 = (string)values[1];  **//Here i am getting ==> {DependencyProperty.UnsetValue}** 
            return val1.Equals(val2)
                ? Brushes.NavajoWhite
                : Brushes.White;  
        }

        public object[] ConvertBack(object value, Type[] targetTypes, object parameter, CultureInfo culture)
        {
            throw new NotImplementedException();
        }
    }

Tú puedes descargarfull code o vea el fragmento de mis códigos como se muestra a continuación.

MainWindow.xaml

<Window x:Class="DataPager.MainWindow"
        xmlns="http://schemas.microsoft.com/winfx/2006/xaml/presentation"
        xmlns:x="http://schemas.microsoft.com/winfx/2006/xaml"
        Title="MainWindow" Height="350" Width="525"
        xmlns:Local="clr-namespace:DataPager.Convertor_For_BackGround">
    <Grid>
        <Grid.Resources>
            <Local:ButtonColorConverter x:Key="currentPageSetter"/>
        </Grid.Resources>
        <Grid.RowDefinitions>
            <RowDefinition Height="36*" />
            <RowDefinition Height="275*" />
        </Grid.RowDefinitions>
        <ItemsControl Name="pageControl" ItemsSource="{Binding Path=PageCollection}" Grid.Row="0">
            <ItemsControl.Template>
                <ControlTemplate TargetType="ItemsControl">
                    <Border >
                        <StackPanel>
                            <ItemsPresenter></ItemsPresenter>
                        </StackPanel>
                    </Border>
                </ControlTemplate>
            </ItemsControl.Template>
            <ItemsControl.ItemsPanel x:Uid="pageItemTemplate">
                <ItemsPanelTemplate>
                    <StackPanel Orientation="Horizontal"/>
                </ItemsPanelTemplate>
            </ItemsControl.ItemsPanel>
            <ItemsControl.ItemTemplate>
                <DataTemplate>
                    <Button x:Name="pageNumberButton" Margin="3,4" Content="{Binding Path=Page_Number}">
                        <Button.Background>
                            <MultiBinding Converter="{StaticResource currentPageSetter}">
                                <Binding Path="Page_Number" />
                                <Binding Path="CurrentPage.Page_Number" /> **//This Binding not resolves properly**
                            </MultiBinding>
                        </Button.Background>
                    </Button>
                </DataTemplate>
            </ItemsControl.ItemTemplate>

        </ItemsControl>
        <TextBox Text="{Binding Path=CurrentPage.Page_Number,Mode=TwoWay, FallbackValue=asdf}" Grid.Row="1" Height="23"  Margin="79,62,257,0" Name="textBox1" VerticalAlignment="Top" Width="167" />
    </Grid>
</Window>

MainWindow.xaml.cs

 public partial class MainWindow : Window
    {
        public MainWindow()
        {


            MyPageViewModel = new PageViewModel();

            MyPageViewModel.PageCollection.Add(new PageNumberViewModel(string.Format("  {0}  ",0)));
            MyPageViewModel.PageCollection.Add(new PageNumberViewModel(string.Format("  {0}  ",1)));
            MyPageViewModel.PageCollection.Add(new PageNumberViewModel(string.Format("  {0}  ",2)));
            MyPageViewModel.PageCollection.Add(new PageNumberViewModel(string.Format("  {0}  ",3)));

            InitializeComponent();
        }

        public PageViewModel MyPageViewModel
        {
            get
            {
                return this.DataContext as PageViewModel;
            }
            set
            {
                this.DataContext = value;
            }
        }
    }

Y esto es ViewModel Classes.

PageViewModel.cs

public class PageViewModel:ViewModelBase
    {
        private ObservableCollection<PageNumberViewModel> m_pageCollection = new ObservableCollection<PageNumberViewModel>();
        private PageNumberViewModel m_currentPage = new PageNumberViewModel(string.Format("  {0}  ",0));

        public PageViewModel()
        {
            m_currentPage = new PageNumberViewModel(string.Format("  {0}  ", 1000));
        }

        public PageNumberViewModel CurrentPage 
        {
            get
            {
                return this.m_currentPage;
            }
            set
            {
                if (m_currentPage == value)
                    return;
                this.m_currentPage = value;
                base.OnPropertyChanged("CurrentPage");
            }
        }
        public ObservableCollection<PageNumberViewModel> PageCollection
        {
            get
            {
                return this.m_pageCollection;
            }
            set
            {
                if (m_pageCollection == value)
                    return;
                this.m_pageCollection = value;
                base.OnPropertyChanged("PageCollection");
            }
        }
    }

PageNumberViewModel.cs

public class PageNumberViewModel : ViewModelBase
    {
        private string m_pageNumber;

        public PageNumberViewModel()              
        {

        }
        public PageNumberViewModel(string pageNumgerArg)
        {
            this.m_pageNumber = pageNumgerArg;
        }

        public string Page_Number
        {
            get { return m_pageNumber; }
            set
            {
                if (m_pageNumber == value)
                    return;
                m_pageNumber = value;
                OnPropertyChanged("PageNumber");
            }
        }

    }