American Guardian Home Loans Responds to Demand for Non-prime Products, Adds Florida Licensing; Expanded Volume, Internal Resources, Scope of Influence Reflects Healthy Growth.

LAKE FOREST, Calif. -- American Guardian Home Loans, a wholesale mortgage lender specializing in serving broker and homebuilder originations for Alt-A and non-prime products, reported a significant increase in origination volume in the first half of 2005. The lender received an influx of requests from mortgage brokers and homebuilders seeking non-prime solutions, and in August recorded more than a 100 percent increase in funding volume from July. Additionally, American Guardian is now licensed in Florida, one of the largest housing markets in the nation. E[acute accent]"Our continued growth is the result of increasing industry and consumer demand for Alt-A, non-prime and secondary mortgage products," said Kamran Khosravi, president of American Guardian Home Loans. "We have seen first hand an increase in lender demand for more flexible loan products that can accommodate the needs of non-traditional borrowers and create a mutually beneficial relationship between borrowers and lenders. Our products provide the flexibility both lenders and consumers need." E[acute accent]American Guardian has increased the reach of its product offerings by expanding into new markets and gaining several new state licenses, including Florida and Hawaii. The lender has nearly doubled its sales and operational staff to maintain and service broker and homebuilder relationships in response to increased demand for these products from customers. E[acute accent]"As a lender who specializes in non-prime offerings, American Guardian has worked to develop and maintain our homebuilder and broker networks," Khosravi continued. "Our focus on training, professional attitude and customer service furthers our mission of ensuring that everyone in America is afforded the opportunity of home ownership and of providing a trusted, "one-stop shop" for brokers. We look forward to exceeding our customers' expectations and expanding our reach into new markets for the remainder of 2005."

E[acute accent]About American Guardian

E[acute accent]Orange County-based American Guardian Home Loans is a wholesale mortgage lender serving broker and homebuilder originations for Alt-A and non-prime products. The company was founded in 1998 and serves its brokers and homebuilder partners with an emphasis on meeting their needs and serving rather than selling. Now licensed in Arizona, California, Colorado, Florida, Hawaii, Idaho, New Mexico, and Oregon, American Guardian has deepened its industry reputation and broadened its outreach to brokers on a national scope. American Guardian provides a full complement of Alt-A and nonprime loan products through its wholesale division. The lender also handles A paper through its homebuilder divisions. For more information, visit www.amguardian.com.