(Tracy, CA, June 15, 2006) - Metrocities Mortgage, LLC, a leader in the residential mortgage lending market, and Prudential California Realty, have announced the formation of Freedom Funding Group, a joint venture mortgage company that will serve the finance needs of home purchasers in San Joaquin, Stanislaus, Sacramento, Contra Costa and Alameda counties.

Backed by Metrocities Mortgage, a national direct lender with one of the nation's highest application approval rates, Freedom Funding Group will offer clients the convenience of in-house, "one-stop" real estate services and lending capabilities, including both traditional and innovative loan programs. These programs include: 100% Financing, Interest-Only, Stated Income/Stated Asset and Vacation/ Investment home financing,

"With a four-office network - Brentwood, Oakley, Discovery Bay and Tracy - Prudential California Realty is thrilled to partner with Metrocities Mortgage, a progressive company named the "Most Innovative Mortgage Company" in 2005 by Inman News," said Prudential California Realty Principal Alfred E. Valverde.

"As the recipient of the 2005 CustomerSat ACE Award for mortgage borrower satisfaction, Metrocities Mortgage is excited to form a joint venture mortgage company with Prudential California Realty, a company that continually strives for excellence in customer service," said Metrocities Mortgage Senior Vice President of the Northwest Region, Anna Ruotolo. "We look forward to working with Prudential California Realty to provide home purchasers with a comprehensive array of loan products to best meet their needs."

Freedom Funding Group's services are now available at the following locations: 2510 Sand Creek Road, Brentwood, CA 94513; 6211 Pacific Avenue, Stockton, CA 95207; and 3000 W. Grant Line Road, Tracy, CA 95304.

For additional information about Freedom Funding Group, please contact Freedom Funding Group's Stockton Branch Manager Sean Guthrie at (209) 477-9212 or visit www.freefundgroup.com.

Metrocities Mortgage, LLC
Established in 1989, Metrocities Mortgage is ranked in the top 1 percent of residential mortgage lenders nationwide for closed loan volume. Headquartered in Sherman Oaks, California, Metrocities Mortgage has become a leading nationwide lender based on unique loan programs and successful joint ventures 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. Metrocities Mortgage was named the "Most Innovative Mortgage Company" in 2005 by Inman News, and received the 2005 CustomerSat ACE Award for mortgage borrower satisfaction. For additional information, please contact (800) 215-7138 or visit www.metrocitiesmtg.com.

Prudential California Realty of Brentwood, Discovery Bay, Oakley and Tracy
Alfred Valverde, owner of Prudential California Realty's offices in Brentwood, Oakley, Discovery Bay and Tracy, opened his first office in Brentwood in 1989. In 1994, Valverde joined the Prudential California Realty franchise. By 2005, Valverde expanded the franchise to include four offices with more than 100 real estate agents and a gross commission income of more than $8 million.