Dear Friends & Colleagues,

Happy New Year!

What does 2006 hold in store? We predict another year filled with innovation from our company, offering our clients all the appropriate tools they require to meet any and all of their real estate financing needs.

Continuing to build our position as one of the nation's leading mortgage bankers, during 2005 we expanded our Reverse Mortgage products to help seniors access the equity in their home, an excellent tool to effectively manage their single largest investment. We also moved into our new offices.

This year, we'll be expanding our offerings and services:

• We're now offering escrow services, through our wholly owned subsidiary, Camden Escrow.

• We're providing financing for those purchasing homes in Mexico. CS Financial, Mexico is one of only a handful of mortgages bankers offering financing to those wishing to buy a retirement or second home in Mexico.

• We will continue our commitment to Habitat for Humanity, and we are also expanding out philanthropic efforts to work with the SPCA of Los Angeles.

Although mortgage rates increased during the last year, and we believe they will remain somewhat volatile during the first part of the year, we believe there are still great deals to meet every financing need. Through our broad and flexible approach, we are committed to helping homeowners and entrepreneurs make the most of real estate.