Argent Mortgage Company Offers Fully Amortized 40/30 Product with No Balloon Payment; Modern Approach for a Traditional 30-year Term Program Provides Lower Payments and Principle Reduction Throughout Entire Term

Business Wire, Nov 21, 2005

IRVINE, Calif. -- Argent Mortgage Company, a leading national wholesale mortgage lender, now offers a fully amortized 40/30 loan program that performs like a 40-year loan for the first ten years of the loan term. With the Argent fully amortized 40/30 loan product, the borrower can enjoy a lower payment extended for a longer period of time, avoid a balloon payment and reduce principle throughout the entire loan term, which may help them build equity.

"Argent's goal is to provide mortgage professionals the tools and products they need to help consumers achieve affordable and sustainable homeownership," said Sam Marzouk, president of Argent Mortgage Company. "As one of the first loans of this kind from a major lender, our fully amortized 40/30 product gives mortgage professionals who work with Argent an attractive solution for many borrowers who want to reduce their payments without sacrificing their equity-building potential."

About Argent

Headquartered in Irvine, Calif., Argent Mortgage Company is a leading national mortgage lender. The company works exclusively with independent mortgage brokers and bankers across the country through loan processing centers in California, Illinois and New York. For more information about Argent Mortgage Company, visit the company's Web site at www.argentmortgage.com.