Allied Home Mortgage Capital Corporation Opens New Branch Office in Scottsdale, AZ

SCOTTSDALE, Ariz., April 17, 2008 (PRIME NEWSWIRE) -- Allied Home Mortgage
Capital Corporation has opened a new branch in Scottsdale, AZ. The branch is the
second one in the city of Scottsdale.

Bob Mangold will be the branch manager for the new office. He has over 17 years'
experience in the mortgage banking industry and was formerly the owner of One
Source Mortgage & Investments. He has lived in the Scottsdale area for 12 years.
He is married and has three children.

The new branch will be located at 17470 North Pacesetter Way, Suite 106,
Scottsdale, AZ 85255 and can be reached at (480) 222-5222 or
rmangold@alliedhomenet.com. An open house for the office will be held on April
16th.

About Allied:

Founded in 1991, AHMCC is the largest privately held mortgage banker/broker in
the U.S., with hundreds of offices licensed in 50 states and the United States
Virgin Islands. It offers a wide variety of mortgage products and services from
hundreds of lenders.

In 2004 the company funded over $12 billion in loans and was named as one of
"The Top 25 Tech-Savvy Lending Firms" by Mortgage Technology magazine.

For more information about the company, visit Allied's websites at
www.branchasap.com, www.mortgageasap.com and its Spanish language site,
www.prestamopronto.net.

The Allied Home Mortgage logo is available at
http://www.primenewswire.com/newsroom/prs/?pkgid=704

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CONTACT: Allied Home Mortgage Capital Corporation
Bob Mangold, Branch Manager
(480) 222-5222
rmangold@alliedhomenet.com