Tuesday, July 8, 2008

About Prospect Mortgage

Prospect Mortgage

Established in 2006, Prospect Mortgage specializes in acquiring midsized residential lenders, providing them with capital, cost-efficiencies, and increased resources while maintaining a decentralized, entrepreneurial business model. Prospect is backed by Sterling Partners, a multibillion-dollar private equity fund based in Chicago and Baltimore. To learn more, visit www.prospectmtg.com.

Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved. Users of this information should not assume that it remains effective at a later date. Programs (including, without limits, fees, rates, and features) are subject to change without notice.

This press release may contain forward-looking statements with respect to the Companys business, financial condition, results of operations, plans, objectives and future performance. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of management and on information currently available to management, are generally identifiable by the use of words such as believe, expect, anticipate, plan, intend, estimate, may, will, would, could, should or other similar expressions. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events. A number of factors, many of which are beyond the ability of the Company to control or predict, could cause actual results to differ materially from those in its forward-looking statements, including, among others, changes in demand for mortgage loans, the Companys access to funding sources and the terms upon which it can obtain financing, the impact of economic slowdowns or recessions, managements ability to manage the Companys growth and planned expansion, competition in the Companys market, changes in government regulations, the impact of new legislation or court decisions restricting the activities of lenders or suppliers of credit in the Companys market and the inability of the Company to manage the risks associated with the foregoing as well as anticipated. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake to up-date forward looking statements to reflect the impact of circumstances or events that arise after the date the forward looking statement are made.

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