Metropolitan Mortgage Clarifies Information in News Article

Metropolitan Mortgage Clarifies Information in News Article 


SPOKANE, Wash., Dec. 30  /PRNewswire-FirstCall/ -- Metropolitan Mortgage &
Securities Co., Inc.  wishes to clarify certain information that appeared in an
article in The Spokesman Review on December 30, 2003.

The company's board of directors is continuing to review alternative strategies
for the Company, and has not made any determination at this time with respect to
a bankruptcy filing, resumption of payments on its debt or otherwise.  Any such
determinations, if any, made by the board will be appropriately announced.

The forward-looking statements in this release concerning future events are
subject to certain risks and uncertainties that could cause actual results to
differ materially from expectations.  These and other risks are set forth in
Metropolitan's reports filed with the Securities and Exchange Commission under
the Securities Exchange Act of 1934, as amended. 

DATASOURCE: Metropolitan Mortgage & Securities Co., Inc.



CONTACT:  Mary Keller, Market Development & External Affairs for

Metropolitan Mortgage & Securities Co., Inc., [phone], or

[phone]

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