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Opportunites for employees at Fairbanks include servicing, bankruptcy and information technology

Company rewards its team with competitive salaries and excellent benefits

SALT LAKE CITY, UT (May 2, 2002) -- With lending rates at all-time historical lows, Fairbanks Capital Corp., a financial services company, continues to expand its total services package during its biggest growth period to date.

Fairbanks is best known for performing third-party subservicing of subprime loans and special servicing of nonperforming loans for an array of financial services clients, including leading mortgage finance companies, investment and commercial banks and monoline bond insurers. It's decade-long reputation as a high-performing lender specializing in single-family residential loans is further enhanced by its knack for creating the perfect combination of people, technology and focus.

Rated one of the industry's highest residential servicers, Fairbanks Capital has been acknowledged with the highest key designations in its field, including Standard & Poor's "Strong" Residential Special Servicer, Fitch's RSSI and RPS2, and similar outstanding awards from Freddie Mac, Fannie Mae and HUD.

A privately-held company located in Hatboro, Pennsylvania, Salt Lake City, Utah, and Jacksonville, Florida, Fairbanks Capital offers its employees a wide range of opportunities in such areas as loan servicing, customer service, bankruptcy, foreclosure, real estate-owned, escrow and insurance, document control, accounting, finance and information technology.

In the technological arena, Fairbanks Capital makes full-use of the latest tools, from Alltel's world-class MSP system to its Windows-based LTS, which creates more efficient loan strategies. Unique to Fairbanks is its proprietary O.W.L. Web-link to better manage its outside foreclosure attorney network.

Fairbanks Capital Corp. strongly believes that the core of its success is its people. A hallmark of Fairbanks's team is their distinctive flair for being responsive to changing customer needs. Above all, the professionals at Fairbanks are more than trend-watchers, they are trendsetters. This talented assemblage is recognized as industry leaders with a team-oriented dedication to providing outstanding customer services. In turn, Fairbanks rewards its team with competitive salaries and excellent benefits.

Fairbanks Capital Corp.

About Fairbanks Capital Corp.:
Fairbanks Capital Corp. is owned by affiliates of Financial Guaranty Insurance Co., Financial Security Assurance, Inc., GE Capital Investments Inc., Nomura Holding America, Inc., PMI Mortgage Insurance Co. -- leading names in the residential mortgage market -- along with Fairbanks's senior management. All equity partners are united by their strategic investment and commitment to Fairbanks Capital Corp.'s success.

For further information about Fairbanks Capital and its career development opportunities, contact: Human Resources, [email protected]

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