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ING DIRECT Brings Responsible Home Ownership Back to Mortgage Lending

WILMINGTON, Del. - (BUSINESS WIRE) - ING DIRECT, the nation's largest direct bank, is revolutionizing home ownership with Easy Orange, a mortgage designed to reward Savers who want to own their homes years sooner than a traditional mortgage. This new mortgage product is designed for Americans who have built up a healthy down payment, are serious about paying off their mortgage quickly, and want to save thousands of dollars with a low interest rate and low closing costs.

"In today's market, paying off a mortgage and truly owning your home often seems like an impossible dream," said Arkadi Kuhlmann, President of ING DIRECT USA. "With Easy Orange, we are providing a mortgage to Savers who have a record of strong financial behavior and the discipline to save for a down payment. This back to basics approach offers customers a simple home loan that eliminates years of payments and gives homeowners the confidence to be free of their mortgage more quickly."

In keeping with ING DIRECT's disciplined lending practices, Easy Orange is a responsible and reliable mortgage product. By requiring borrowers to have a substantial down payment and a solid credit history, ING DIRECT is able to offer an extremely low and competitive rate. ING DIRECT also offers the same great rate for all loans up to $750,000. Bi-weekly, electronic payments allow consumers to pay down their mortgage more efficiently and offer substantial interest savings over the course of the loan.

Qualified customers are encouraged to take advantage of the "Rate Renewal" feature - allowing them to renew the interest rate and fix it again for five more years anytime after the first six months of the loan for a low cost.

For more information and other groundbreaking features please visit: www.ingdirect.com/easyorange.

About ING DIRECT

ING DIRECT, the nation's largest direct bank and largest thrift, is dedicated to inspiring Americans to become a nation of savers. Since its inception in 2000, more than 7.7 million Americans have entrusted their savings with ING DIRECT, building the bank to $91.4 billion in assets. For more information about ING DIRECT visit www.ingdirect.com and for information on its financial education website visit www.orangekids.com or call 1-800-ING-DIRECT.

Style note to Editors: ING DIRECT is always capitalized and never referred to as ING.

Easy Orange FAQs

What is Easy Orange ?

• Easy Orange is a new mortgage from ING DIRECT with a low, competitive rate designed to help you own your home in a shorter period of time

What features does Easy Orange have to offer?

• A low, competitive 5-year fixed rate with payments based on a 30 year amortization
• Free, bi-weekly electronic payments that add up to one extra payment a year
• Low closing costs that are well below industry average
• Online application is required

How do those features benefit me?

• Since you'll be making bi-weekly payments (as opposed to monthly payments), your mortgage balance is reduced faster and you'll pay less interest
• Our low closing costs will save you money
• Customers can use the Rate Renewal feature at anytime after the first 6 months during the life of the mortgage to lock in a low, fixed rate for another five years
• Same great rate for all loans up to $750,000

What do I need to qualify for Easy Orange?

• A healthy down payment or a strong equity position in your home
• The ability to make bi-weekly electronic payments and manage your account online
• A good credit history and FICO score of 700 or higher

Do I absolutely have to make all of my payments electronically?

• Yes, in order to have Easy Orange, you must be able to make all of your payments electronically

How do I apply for Easy Orange?

• Visit ingdirect.com/easyorange; the application must be completed online, but if you have any questions while applying, give us a call at 1-800-ING-DIRECT to speak to a Mortgage Specialist.
• By applying online, and get updates by tracking Easy Mortgage using the 'My Loan Status' feature.

ING DIRECT
Steve O'Halloran, 302-467-6643
sohalloran@ingdirect.com