Market Overview

Embrace Home Loans Expands Washington, D.C. Presence with New Branch

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As growth and demand continue to rise in Washington, D.C., national
lender Embrace
Home Loans
expands its presence, adding a new branch to accommodate
and connect with new buyers. The branch is located at 1001 Connecticut
Ave. N.W. Ste. 405 Washington, D.C. 20036, and will be led by mortgage
professional and branch manager, Margie Hennessey.

Home sales and prices continue to increase in metropolitan Washington,
D.C. According to the Housing
Market Update
from the Metropolitan Regional Information System,
home sales increased by 26.7 percent and the average price of homes sold
increased by more than five percent in March of 2017 compared to March
of 2016. Throughout D.C., property taxes are low, property values are
high and new buyers are moving out of the suburbs and into the district.

"With this expansion, Embrace will be able to better serve homebuyers in
the district and recruit expert loan officers to our team, ultimately
helping us further demonstrate our reputation as a trusted and
experienced lender throughout D.C.," said Hennessey. "Our goal is to not
only cultivate relationships with local real estate agents and buyers,
but also to serve the diverse cultural needs of D.C. and the surrounding
communities. We pride ourselves on our ability to serve a wide variety
of groups, as our team is fluent in American Sign Language as well as
Spanish."

With more than 13 years in mortgage lending, Hennessey has served as
mortgage professional and branch manager gaining a wealth of loyal
borrowers through the purchase and refinancing processes. She is an
accredited life coach, coaching her team of loan officers on how to
excel in business and provide customer-centric service. In addition to
her work, she is fluent in American Sign Language and a native to the
American Deaf Culture.

For 34 years, Embrace Home Loans has prided itself on being a market
leader by differentiating the experience it creates for its customers,
clients and employees. The lender's unique approach has resulted in
industry-leading customer satisfaction scores, several national and
state employer-of-choice awards, and a doubling of the company's sales
force in the last few years.

"With the recent increase of homebuyers in D.C., there is a need for
trusted home financing solutions and Embrace's expansion will support
this increased demand for home-buying," said Jeff McGuiness, Chief Sales
Officer, Embrace Home Loans. "We are confident Margie and her team will
continue to provide unparalleled service for both borrowers and real
estate agents while maintaining a strong brand presence in the area. We
look forward to continuing to support this market and developing
relationships with local homebuyers."

On July 24, Embrace Home Loans will be a platinum sponsor at the Greater
Capital Area Association of Realtors® (GCAAR) Realtor
Fest
annual convention. The event will be held at Marriott Marquis
in Washington, D.C. Embrace Home Loans will be the main underwriting
sponsor, and the event will include a silent charity auction. All
proceeds will go to support nonprofits in Washington, D.C. committed to
providing housing-related services to individuals and families in the
community.

About Embrace Home Loans
Founded in 1983, Embrace Home Loans
is a direct lender for Fannie Mae and Freddie Mac, approved by FHA and
VA, and an issuer for Ginnie Mae. Embrace Home Loans has remained a
prominent leader in the industry, having helped hundreds of thousands of
individuals and their families purchase new homes, lower their monthly
payments and consolidate high-interest debt since its inception. With
80+ offices and licensed in 46 states and D.C., Embrace has been
recognized seven times as one of the Best Medium-sized Companies to Work
for in America by Fortune and four times as one of the Fastest
Growing Companies in America by Inc. The company has also been
recognized eleven times as one of the Best Places to Work in Rhode
Island and as the Most Community Involved Company in Rhode Island by Providence
Business News
. For more information, please visit www.embracehomeloans.com.

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