SOURCE: Agire Mortgage Corporation

April 30, 2008 21:10 ET

Agire Mortgage Corporation Expands Team With Two Senior Hires

ORANGE, CA--(Marketwire - April 30, 2008) - Agire Mortgage Corporation, a full service mortgage advisory and solution provider, today announced two new hires at the company as it continues to expand its presence and footprint in the mortgage industry. James Frischling has joined the company as Co-President and will run the newly formed New York office. Mr. Frischling will report directly to Robin Cook-Auerbach, CEO and Co-President. Maureen Stewart has also joined the company and will oversee the Due Diligence & Consulting platform for Agire and will report to Renee Deane, Executive Vice President and Chief Operating Officer who joined the firm in January 2008.

In his new position, Mr. Frischling will help develop a presence in New York and provide coverage to Agire's various advisory clients. As a HUD approved lender, Agire is actively performing refinancing and re-structuring assignments as well as performing advisory work for a number of leading financial institutions and fund managers.

Prior to joining Agire, Mr. Frischling was a Managing Director and Head of US Structured Credit for Fortis Securities LLC, where he was responsible for the origination and structuring of CDOs, the US distribution and trading effort of CDOs and ABS, and the leverage loan trading and sales platform. Previously, he served as a Managing Director and Head of the US CDO Group at Societe Generale where he started working in late 2000.

"James brings experienced leadership and a deep knowledge of the capital markets, which makes him the ideal individual to expand our presence in New York," said Ms. Auerbach. "We're very happy to have him join our team and are confident he will make a significant contribution to the company and our clients."

Mr. Frischling also expressed his enthusiasm, "I'm thrilled to join Agire because of its entrepreneurial spirit and the many opportunities it presents to further develop the business and create innovative solutions for our clients. I look forward to being part of what I believe is an industry leading team."

Ms. Stewart will manage the Due Diligence and Consulting Services platform for Agire which will offer a complete menu of products combining the best practices of the past with continually evolving risk assessment products and consulting support services. We put our extensive industry experience to work for our business partners in offering custom solutions to face current challenges as well as deploy new and innovative models to improve performance and profitability

"It's very exciting to join such a strong group of mortgage professionals that I have long respected and to be in a position to help build a full service mortgage advisory platform. It was important for me to bring my business and experience to a company that's growing thoughtfully and is in this for the long haul," said Ms. Stewart.

About Agire

Agire Mortgage Corporation is a loan origination and mortgage advisory platform. Launched in October 2006, Agire re-positioned itself as a retail originator and comprehensive solutions provider to the mortgage industry leveraging their credit risk, capital markets and origination/loss mitigation expertise in late 2007. Agire is located in Orange, CA.

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