NAREB® Creates Partnership with Chase Home Finance
To Offer Discounted And Flexible Programs For Customers

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(AANewswire)Chicago, IL, September 29, 2004 - Demonstrating its commitment to increase homeownership among African Americans, the National Association of Real Estate Brokers (NAREB®) announced a partnership with Chase Home Finance to offer discounted and flexible programs for NAREB® customers. The partnership will include a closing cost rebate from Chase to individuals purchasing homes through NAREB® realtists.

Chase also will sponsor regional NAREB® conferences and provide NAREB® members with training and certification courses, dedicated regional sales support, online marketing materials, and exclusive financial counseling service for those customers who are not yet mortgage ready.

"By joining forces with Chase Home Finance, we will be able to continue to improve the homeownership rate among African Americans," said Ron Branch, president of NAREB®, which has 70 chapters in 38 states, making it one of the largest minority trade organizations in the country. "It takes both public and private-sector efforts to provide mortgage solutions products and increase housing availability and Chase understands this reality. NAREB® will continue to push the envelope to fulfill our mission to enhance the economic improvement of our members and the minority communities we serve," said Mr. Branch.

"We are very pleased to be partnering with NAREB®, which has helped African Americans achieve the American dream for many years," said Paul Mullings, Senior Vice President and Fair Lending executive at Chase Home Finance. Together our organizations can help stabilize families and communities and shape a path of prosperity for African Americans."

In January 2003, JPMorgan Chase & Co. announced the Chase Dream Maker Commitment, an unprecedented $500 billion pledge to provide home financing opportunities to African Americans and other historically under-served segments nationwide. This new partnership with NAREB will provide a meaningful way to deliver on this pledge.

To further support this commitment, Chase has developed a broad array of customized loan products, services and programs, partnered with financial and educational counseling agencies to close the knowledge gap, and launched a National Housing Advisory Council comprised of leaders from minority and underserved segments.

For additional information on how to become a NAREB® member, obtain a listing of NAREB® members or for questions on the Chase Home Finance NAREB® partnership, please call 1-800-873-6577 or visit the Web site at www.NAREB.com.

With the recent merger of JPMorgan Chase & Co. and Bank One Corp., Chase Home Finance's parent company now includes more than 2,400 Bank One and Chase branches in 17 states. Chase Manhattan Mortgage Corporations is one of the nation's largest residential mortgage lenders, servicing more than 4 million customers through more than 600 branch-based offices. Chase Manhattan Mortgage Corporation is an Equal Housing Lender.

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Pictured L to R: Albert Johnson, NAREB®; Gordon Bussey, Vice President, Chase Home Finance; Katrina Henry, NAREB®; Donna Sheline, First Vice President, Chase Home Finance; Ronald Branch, President, NAREB®; Thasunda Brown, Vice President, Chase Home Finance. Chase Home Finance has partnered with National Association of Real Estate Brokers (NAREB®) as part of its mission to increase homeownership among minority and underserved borrowers. Through the $500 billion Chase Dream Maker Commitment, the lender intends to help millions of families become homeowners by 2010.
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