Sherman Oaks, CA, March 10, 2005 - Metrocities Mortgage, a as Executive Vice President, Northeastern Regional Manager leader in the residential mortgage lending market, has appointed Harry V. Tomlinson III as Executive Vice President and Northeastern Regional Manager. Tomlinson will be responsible for managing loan production within the company's Northeastern region - which encompasses Delaware, Pennsylvania, New Jersey, New York, Connecticut, Massachusetts, Rhode Island, Maine, Vermont and New Hampshire. He will be working out of a Philadelphia-area location.

"We're very pleased to have such an experienced professional joining our ranks," explained Art Ringwald, President, Eastern Division. "Harry's appointment represents yet another key addition to the Metrocities Mortgage management staff and he joins a management team in which eight of our key executives have significant experience managing Affiliated Business Arrangement (ABA) mortgage businesses for real estate companies that have ranked in the top 10 in the nation."

"I am excited to be joining a company that is a leader within the mortgage industry," added Tomlinson. "Metrocities' Affiliated Business Arrangement model, backed by their dedication to providing Heroic Customer Service^sm, truly sets them apart from other lenders " I look forward to helping them significantly increase their presence in the East."

Tomlinson comes to Metrocities with more than 30 years of experience in the mortgage industry, most recently serving as Senior Vice President, Area Manager, for Washington Mutual in Langhorne, PA, where he was responsible for growing Washington Mutual's production from $5 billion to $12 billion. He additionally developed and implemented cross-sell activities between the mortgage company, PNC Bank and affiliate companies. He began working with PNC Mortgage of America in 1993 and worked there until it was purchased by Washington Mutual, where he continued his work.

Prior to that, Tomlinson served as Senior Vice President, Regional Production Manager, Sears Mortgage Corporation, where he was responsible for all phases of retail production, including developing strong relationships with the managers and agents of Coldwell Banker Real Estate, which was also a Sears-owned company. Under his leadership, the region increased originations from $500 million to $2 billion in four years, as well as expanded originations staff from 67 to 200 loan officers.

Tomlinson has a Bachelor of Science degree in Science from the U.S. Merchant Marine Academy in New York, as well as an M.B.A. in Finance from Columbia University, also in New York.

ABOUT METROCITIES MORTGAGE

Established in 1989, Metrocities Mortgage is ranked in the top 1 percent of residential mortgage lenders nationwide for closed loan volume, closing over $6.3 billion* in 2004. Headquartered in Sherman Oaks, California, Metrocities Mortgage has become a leading nationwide lender based on unique loan programs and successful joint ventures (affiliated business arrangements) with key real estate companies, credit unions, financial advisor/business management companies, builders and other affinity groups. Loan Officers have access to over 7,000 loan programs and proprietary search engine technology enabling them to find the best loan products for their clients. As America's Best Relationship Lender^sm, Metrocities Mortgage is renowned for its in-house lending expertise, wide selection of loan programs and Heroic Customer Service^sm.

*Includes Metrocities' family of companies.