WELLS FARGO HOME MORTGAGE, STIRLING MORTGAGE FORM JOINT VENTURE

MURRAY, Utah – Nov. 2, 2007 – Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A. and one of the nation’s leading providers of residential mortgages, and Stirling Mortgage have agreed to form a joint venture to originate, process and fund mortgage loans for Stirling Mortgage customers and others. Terms of the agreement were not disclosed. Co-owned by Wells Fargo Home Mortgage and Stirling Mortgage, the joint venture, Stirling Mortage Services, will offer customers a wide range of home financial products and services through Wells Fargo Home Mortgage, including underwriting, compliance and loan-processing services. “We are proud to be in this relationship with Wells Fargo,” said Justin Brown, branch manager for Stirling Mortgage, a division of the Hamlet Companies, a leading Utah homebuilder and developer. “We look forward to providing our homebuyers the same positive experience in financing that they receive from the Hamlet Companies when building their new home.” “Our extensive mortgage expertise allows us to create a company that can focus on serving the customers of Stirling Mortgage,” said Bob Beers, an area manager for Wells Fargo Home Mortgage based in Salt Lake City. “Homebuyers consistently tell us that being able to get all of their services in one location is important to them.  We will be able to offer on-site mortgage information and speedy approvals to qualified buyers.”

About Wells Fargo Home Mortgage

Wells Fargo Home Mortage is the nation’s No. 1 retail mortgage lender and servicer of home mortgages.  As a division of Wells Fargo bank, N.A., it has a local presence in more than 2,300 mortgage stores and bank branches, plus the capabilities to serve the home financing needs of customers nationwide through its call centers, Internet presence and wholesale lending operations.  Wells Fargo Home Mortage services loans for more than 7.8 million servicing customers.

About Stirling Mortgage

Located in Murray, Utah, Stirling Mortgage is a division of the Hamlet Companies providing full-service residential home financing to Hamlet Homes’ homebuyers, as well as other customers, and helps to select the most appropriate financing product for their situation.  The company’s product lines include government financing and conventional loans, and have 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.stirlingmortage.com, offers real-time, online loan applications for quick and convenient loan approvals.

MURRAY CITY AND HAMLET HOMES BREAK GROUND ON BIRKHILL AT FIRECLAY COMMUNITY IN MURRAY CITY

Community is first mixed-use, TOD within 97-acre redevelopment plan

Murray City, Utah (November 27,2007) –

Murray City and Hamlet Homes broke ground today on a mixed-use, transit-oriented (TOD) community, Birkhill at Fireclay, located at Fireclay Avenue (4295 South) and Main Street in Murray.  VIP officials from Murray City, the Murray Chamber of Commerce, Hamlet Homes and UTA grabbed shovels, pickaxes and a backhoe for this ceremonial event.

“Birkhill at Fireclay is the first mixed-use community to be developed within Murray City’s visionary, 97-acre RDA district,” said Michael Brodsky, CEO of Hamlet Homes.  “Birkhill is the epitome of a well-planned, attractively designed urban neighborhood where residential, commercial and retail services co-exist with light rail services to create a truly walkable TOD community.” Located in the heart of Murray City’s Fireclay District, Birkhill provides an exciting, environmentally and economically sound alternative to suburban sprawl and will provide homeowners, retailers and businesses the opportunity to enjoy a dynamic place in which to live, work and play.  When completed, the 30-acre Birkhill community will contain more than 330 residential units, including townhomes and condos, and 250,000 square-feet of commercial space that will combine retail and office uses.  Hamlet is investing an estimated $150 million in the project. “Hamlet Homes has redeveloped some of Murray City’s most-blighted industrial land into attractive urban communities,” said Murray City Mayor Dan Snarr.  “Birkhill at Fireclay will be the pinnacle of an exciting walkable community and Murray City considers itsef very fortunate to have Hamlet Homes as an urban development partner. Birkhill at Fireclay will feature charming Federal-and Georgbian-style architectural design with stone-and-brick exteriors, similar to those in eastern communities like Boston and Philadephia, along with tree-lined sidewalk and street meridians. The community will also feature UTOPIA Community MetroNet™’s high-speed fiber optic technology, providing residents with advanced voice, video and internet comunications.  Through its partnership with UTOPIA, Birkhill at Fireclay’s Homeowners’ Association has contracted to provide homebuyers wth the most-advanced, high-speed internet and digital television through MSTAR.NET. The first building in Birhkhill at Fireclay is scheduled for completion by August 2008.  To learn more about the community, contact Hamlet Homes at (801) 281-2223.

About Hamlet Homes

Hamlet Homes (www.hamlethomes.com) crafts quality, customer-oriented homes, ranging from condominiums and town homes to single-family homes located in attractively designed neighborhoods in northern Utah. In addition, Hamlet is a leader of urban redevelopment, transit-oriented communities. Since the company’s founding in 1995, Hamlet Homes has constructed more than 3,000 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 2005, 2006 and 2007, Hamlet was awarded the Builder of Integrity Award from the Quality Builders Warranty Corporation, and in 2003, 2004, 2006 and 2007, 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, Diversified Habitats and Stirling Mortgage, an affiliate of Wells Fargo.