Allied Home Mortgage Capital Opens Six New Branch Locations

Nation's Largest Branch Network On Record Pace;
551 Branch Locations now Open

FOR IMMEDIATE RELEASE

Contact
Ron Litt, VP, CIO
Allied Home Mortgage Capital Corporation
(713) 353-0400

Houston, TX - March 8, 2001-The Nation's largest privately held mortgage company, Allied Home Mortgage Capital Corp opened in six new locations this week. The new offices are located in: Green Valley, MD, Cranford, NJ, Hampton, VA, Tallahassee, FL, Olympia, WA, Richmond, VA and Graham, TX "Allied now has 551 branch offices", said CEO Jim Hodge. "Sixty nine additional locations, are planned to open. That will bring the total to 620 soon", he continued.


About Allied Home Mortgage Capital Corporation
Allied Home Mortgage Capital Corporation is the largest U.S. privately held mortgage banker/mortgage broker, with offices in 49 states, Guam and the Virgin Islands. Allied's development of over 700 investors with several thousand programs and innovative partnerships have allowed it to deliver customized products to each borrower. Combined with the energy of branch managers who have the freedom to respond to local market conditions, Allied has experienced sequential double-digit growth since it was founded in 1991. For more information about the company, visit Allied's websites at www.branchasap.com and www.mortgageasap.com. Corporate address: Allied Home Mortgage Capital Corporation, 6110 Pinemont Ave, Houston, TX 77092. Telephone: (713) 353-0400.