Allied Home Mortgage Capital Corporation Opens New Branch Office in Eagle, ID; Will Hold Open House on May 30.

Business Editors

EAGLE, Idaho--(BUSINESS WIRE)--May 21, 2003

Allied Home Mortgage Capital Corporation (AHMCC) has opened a new branch in Eagle, Idaho. It is the first one in the Boise area and third in the state.

Tom Burleson will be the branch manager for the new office. He has over nine years' experience in the mortgage banking industry and was formerly part owner of Mesa Mortgage Company. Tom recently moved to the area from St. John's, Ariz., and attributes his greatest success to his beautiful wife, Crystal, his nine children, and 25 grandchildren.

He has much expertise in working with self-employed professionals and prides himself on being able to handle all working borrower's lending needs. Tom has been a general engineering contractor and cattle rancher, which he says has helped him understand the various lending needs from all walks of life. He understands that credit situations are often caused by circumstances in life and enjoys helping people attain their goals.

Loan officers Todd Van Horn and Mike Loomis have also joined the team and bring over 25 years of real estate experience to the office.

The new branch will be located at 82 E. State Street, Suite C, Eagle ID 83616 and can be reached at 888/488-3955 or [e-mail]. An open house for the office will be held on Friday, May 30 beginning at 2:00 p.m.

About Allied:

Founded in 1991, AHMCC is the largest privately held mortgage banker/broker in the U.S., with more than 700 offices in 49 states, Guam and the Virgin Islands. It offers a wide variety of mortgage products and services from over 800 lenders. AHMCC offers all types of loans including FHA (Gift Fund Program), VA, Conventional, and USDA Rural Development, as well as construction loans.

Allied is a preferred lender on Military.com (the largest military Web site on the Internet) and the exclusive mortgage lender for Carleton Sheets. Last year the company funded over $12 billion dollars in loans, including more than $1 billion in the month of October, and was named the #1 mortgage brokerage firm by Broker magazine.

For more information about the company, visit Allied's Web sites at www.branchasap.com, www.mortgageasap.com and its new Spanish language site, www.prestamopronto.net.