"Mortgage Grader is honored and humbled to receive this generous supportthat may go a long way toward creating more affordable homeownership byeasily locating low-cost providers to facilitate the home buying andrefinancing process," said Mortgage Grader's President Jeff Lazerson."Borrowers will be empowered through this anonymous, free search engine todecide who they want to consider without the time and hassle of fieldingunsolicited sales calls," he added.

"Borrowers deserve a system that works for them. Fair Closing Costs canempower consumers to make smart choices about settlement providers, openingup access to options that borrowers may find more suitable for their budgetand needs," commented George McCarthy, Senior Program Officer at the FordFoundation.

About Mortgage Grader and Fair Closing Costs

Mortgage Grader, located at www.mortgagegrader.com wants to changeAmerica's mortgage shopping process by empowering consumers to anonymouslyfind their best mortgage options through a patent-pending process. FairClosing Costs, located at www.fairclosingcosts.com is a d/b/a for and adivision of Mortgage Grader. In the near future, the Fair Closing Costssite will offer mortgage shoppers information transparency and contactinformation for 9 categories of settlement services on a national basis,consistent with the new Good Faith Estimate that HUD recently proposed aspart of its RESPA update.

Mortgage Grader, Inc. is a Delaware Corporation, licensed as a mortgagebroker in CA, FL, ID and NY, headquartered in Laguna Niguel, CA.