"Our multi-state expansion is part of Stonegate's strategy to offer itsmortgage banking platform to affiliates in key markets," stated StonegatePresident, Jim Cutillo. "Stonegate's affiliate business model is a hybridretail model that provides wholesale pricing to our affiliate branches andcreates multiple revenue opportunities for each branch operation."

Stonegate has announced the hiring of Kevin Roller and David Hopper,formerly of Midwest Equity Mortgage, as Regional Managers. The officeopened with 21 initial employees involved in the origination and processingof residential mortgage loans for clients in the State(s) of Kansas andMissouri. "This is an extremely talented staff, long known as leaders inthe mortgage business in the Kansas City area," said Steve Landes,Executive Vice President of Stonegate.

"We expect this office to be producing in excess of $15 Million per monthin residential home loans by the 4th quarter of 2008," said Landes.Stonegate has also hired personnel to open additional mortgage bankingcenters this year in St. Louis, MO, Columbus, OH, and Nashville, TN. Theseare in addition to the current centers operational in Kansas City andIndianapolis, IN.

The Company anticipates, with the additional growth of these offices, tofund an excess of $125 Million in loan volume in 2008. Stonegate plans toexpand its corporate office in Indianapolis, adding 15 to 20 associates toits operations team in 2008.

About Stonegate Mortgage's Affiliate Branch Program

Highlights of the affiliate branch (loan officer) program include 100%commission, industry Best X pricing, in-house underwriting and centralizedclosing and funding. Go to www.stonegatemtg.com for more information on thecompany.

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