HAMLET HOMES EXPERIENCED RECORD-BREAKING YEAR IN 2006

Number of Hamlet homes closed was up 21 percent from 2005

  MURRAY, Utah (January 29, 2007) – Despite the decline in the number of homes sold nationwide, Utah-based homebuilder Hamlet Homes experienced a record-breaking year in 2006 by selling 320 homes and closing on 369 homes, which when broken out includes 159 single-family detached homes, 162 town homes and 48 condominiums. Hamlet Homes also posted more than $100 million in gross revenue, and the number of homes closed was up 21 percent from 2005. “Hamlet’s customer-first philosophy and quality product have contributed to our continued growth and success in 2006,” said John Aldous, president of Hamlet Homes. “In the 11 years we’ve been building homes in Utah, our company continually strives for excellence and to live up to its brand, ‘Great Homes. Great People. Great Experience.’ We look forward to another extraordinary year in 2007.” Since its founding in 1995, Hamlet’s quality, value-oriented product lines have been filling a much-needed niche in the state’s housing market. With homes ranging in price from the high $170s to over $500,000, Hamlet’s homes appeal to individuals and families at every stage of life. With hundreds of its homebuyers finding the perfect place to call home in 2006, Hamlet Homes sold out in two communities: The Maples at Jordan Hills in West Jordan and Birnam Woods in Bountiful. Hamlet Homes currently operates seven communities along the Wasatch Front, including Bear Hollow Village in Park City; Crofter’s Cove in Syracuse; Eastlake Village at Daybreak in South Jordan; Devon Glen in Springville; Inverness Square in Murray; Stoneleigh Heights in Draper; and Waverly Station in South Salt Lake.

About Hamlet Homes

Hamlet Homes crafts quality, customer-oriented homes, ranging from condominiums and townhomes to single family homes, located in attractively designed neighborhoods for homebuyers in northern Utah. Since the company’s founding in 1995, Hamlet Homes has developed more than 3,360 lots and constructed more than 2,400 homes in 35 communities. The company is continually striving to meet and exceed the expectations of its homebuyers and live up to its brand of “Great Homes. Great People. Great Experience.” In 2004 and 2005, Hamlet was awarded the Builder of Integrity Award from the Quality Builders Warranty Corporation, and in 2003, 2004 and 2006, Hamlet was awarded Utah’s Best of State medal for residential construction. Located in Salt Lake City, Utah, Hamlet Homes is part of the Hamlet group of companies, which also includes Hamlet Development, Stirling Mortgage and Diversified Habitats.

STIRLING MORTGAGE POSTS ANOTHER STRONG YEAR IN 2006

  MURRAY, Utah (January 29, 2007) – Stirling Mortgage, which provides residential home financing, logged another solid year in 2006, originating 371 loans during the year and closing on 306 loans valued at $64.5 million. “Stirling Mortgage’s customer service and expertise in assisting home buyers differentiates our company from the competition,” says Justin Brown, branch manager of Stirling Mortgage. “Our loan officers are specialists in identifying the most appropriate, low-cost financing option for home buyers, including conventional, jumbo and government-insured loans.” Since its founding in 1998, Stirling Mortgage has provided residential home financing to more than 2,400 Wasatch Front home buyers. The company offers customers competitive prices in varying market conditions and is committed to the service and flexibility of providing a wide array of products, such as interest-only loans, home equity lines and 100 percent financing options to home buyers.

About Stirling Mortgage

Located in Murray, Utah, Stirling Mortgage provides full-service residential home financing. The company’s product lines offer government financing and conventional loans. Stirling has the flexibility to access a variety of investor sources, enabling the company to provide customers with a wide array of loan products. Stirling’s Web site, www.stirlingmortgage.com, offers real-time, online loan applications for quick and convenient loan approvals.