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Washington Mutual and Earvin 'Magic' Johnson to Bring Urban Homeownership Initiative to Greater Miami Thursday
Earvin "Magic" Johnson On-Hand to Introduce New Financial Education Program to Greater Miami's Ethnic Communities
WHAT:   Washington Mutual and Earvin "Magic" Johnson, Chairman and CEO
        of Johnson Development Corporation (JDC) are expanding their
        ground breaking commitment to increase homeownership in the
        nation's underserved communities with the grand opening of two
        home loan centers and a loan processing center in Greater
        Miami today.

        For the first time in history, Johnson's dedication to
        improving the quality of life for families in urban areas is
        expanding beyond African Americans to bring home ownership to
        members of the Hispanic and Asian communities through the
        addition of new home loan centers in urban neighborhoods
        nationwide, and the introduction of a free, four-part
        financial education and credit building program, Solid
        Start(TM). Upon completion of the comprehensive Solid Start
        program, the prospective homebuyer is in a good position to be
        approved for their first home loan.

WHEN:   Thursday, September 15, beginning promptly at 11:00 a.m.

WHERE:  Washington Mutual Hialeah Home Loan Center
        635 West 49th Street, Hialeah, Fla.

WHO:    Earvin "Magic" Johnson; Tony Meola, Washington Mutual's
        executive vice president for home lending; Julio Robiana, City
        of Hialeah Council President and Shirley Gibson, Mayor of
        Miami Gardens

WHY:    In 2003, JDC and Washington Mutual began a partnership to help
        people in underserved communities realize the dream of home
        ownership. They have opened 25 home loan centers together in
        New York City, Washington, D.C., Atlanta, Chicago, Los
        Angeles, the Bay Area, Houston and on Thursday, Miami. They
        will open two more home loan centers in 2005, including
        centers in Newark, N.J. and Coral Way, Miami. The new home
        loan centers are located in the heart of underserved
        communities that need them most, and will be staffed by
        multi-lingual members of the community.

Photo opportunities and media interviews are welcomed.

SOURCE: Washington Mutual

Washington Mutual
Missy Cousino, 713-594-9332