Stone Point Buys 50% of Real Estate Disposition Corp.

Stone Point Capital has acquired a 50% stake in Real Estate Disposition Corp., the nation’s largest real estate auction company. No financial terms were disclosed.

PRESS RELEASE

Real Estate Disposition Corporation (REDC), the nation’s largest real estate auction company, announced today that it has completed the sale of a 50% interest in the company to Trident IV, L.P., a private equity fund managed by Stone Point Capital LLC.

“We are excited about our new partnership with Stone Point Capital,” says Robert Friedman, Chairman of REDC. “Stone Point Capital’s experience and relationships in the mortgage servicing sector make it an ideal partner for REDC. The firm’s business acumen made it an easy choice for us. The goal has always been to expand and grow our business worldwide. Leveraging our new partner’s relationships will make our goals easier to achieve as we move forward.”

Jeffrey P. Frieden, CEO of REDC, adds, “Stone Point Capital shares our orientation toward long-term relationships with employees, customers and business partners, which is particularly important to us. REDC and Stone Point Capital are ideal partners.”

Stone Point Capital’s other investments in the mortgage services industry include ZC Sterling Corporation, Cyprexx Services, LLC and Amherst Holdings LLC. ZC Sterling manages lender-placed hazard insurance programs on behalf of mortgage servicers and also provides real estate tax services, voluntary homeowner’s insurance programs and other marketing and customer care services to mortgage servicers, other financial institutions and home builders. Cyprexx Services is a leading field services outsourcing company that provides property preservation, rehabilitation, repair and inspection services for foreclosed residential properties on behalf of mortgage servicers and firms that manage foreclosed properties. Amherst Holdings, through its various subsidiaries, provides banking, brokerage, and research services related to residential mortgage-backed securities and their derivatives, to institutional clients including the GSEs, asset managers and mid-sized depository institutions.

“The REDC management team has done a very impressive job in growing the company into the leading real estate auction company in the nation,” says Stone Point Capital CEO Charles A. Davis. “We look forward to supporting the REDC management team as it continues to build on its successes.”

Prior to joining Stone Point Capital in 1998, Mr. Davis worked with Goldman, Sachs & Co. for 23 years, serving as head of Investment Banking Services worldwide, co-head of the Americas Group, head of the Financial Services Industry Group, and a member of the International Executive Committee and a General Partner.

Stephen Friedman, Chairman of Stone Point Capital, adds, “In this period of turmoil in the mortgage sector, REDC is well positioned to help its clients manage the disposition of their real estate assets in an efficient auction format.”

Mr. Friedman is the non-executive Chairman of the Board of Directors of the Federal Reserve Bank of New York and Chairman of the President’s Intelligence Advisory Board and Intelligence Oversight Board. He is a retired Chairman of Goldman, Sachs & Co. From December 2002 to December 2004, he served as Assistant to President George W. Bush for Economic Policy and Director of the National Economic Council.

About Real Estate Disposition Corporation (REDC)

REDC was established in 1990 and is the leading Real Estate Auction Marketing firm in the country. The company has established a dominant position in its industry by selling more than $3 billion in Real Estate assets at auction in the past year alone. REDC’s primary clients are residential mortgage lenders and home builders. The success of the company is based on the aggregation of lender-foreclosed assets that are marketed and sold in large event-style auctions across the country. Information about REDC auctions is available on www.USHomeAuction.com for lender foreclosed / real estate owned (REO) auctions and on www.AuctionToday.com for home builder liquidation auctions. Year to date through November 10, 2008, REDC has auctioned 16,000 homes through 175 auctions, and has 50 additional auctions scheduled to be completed by December 18, 2008. For more information, visit www.ushomeauction.com.

About Stone Point Capital LLC

Stone Point Capital is a global private equity firm that has raised more than $10 billion of committed capital. It primarily targets investments in the financial services industries, including outsourcing service providers focused on financial institutions, mortgage services, banks and depository institutions, insurance underwriting, insurance distribution, specialty lending and other credit opportunities, employee benefits and healthcare, and asset management businesses. Stone Point Capital has a history of successfully investing in the global financial services industry over a period of almost 25 years. For more information, visit www.stonepoint.com.