Texas mortgage broker license

Business Editors

SAN DIEGO--(BUSINESS WIRE)--Nov. 25, 2003

American Mortgage Network (AmNet), a mortgage bank serving the national mortgage broker channel and a wholly owned subsidiary of American Residential Investment Trust, Inc. (AMEX(R): INV), announced today that it has opened a new regional center in Dallas, Texas to serve mortgage brokers in the Dallas/Fort Worth MetroPlex; East Texas which includes Tyler, Longview, Lufkin, and Palestine; and West Texas which includes Lubbock, Midland/Odessa, San Angelo, El Paso, and Amarillo. The Dallas office will also service mortgage brokers in Arkansas. AmNet recently opened a regional center in Houston.

Nancy Snowden, a mortgage banking industry veteran, will lead the new operation, which plans to employ a staff of 15 professionals, including experienced Account Executives and multiple underwriters. The center is located at 1320 Greenway Drive, Suite 760, Irving, Texas 75038. The telephone number is 972-870-0507 and the fax number is 972-870-0262.

Commenting on the new Dallas center, John M. Robbins, Chief Executive Officer of AmNet, said, "Dallas and the surrounding communities hold considerable opportunity. Housing has been the cornerstone of the local economy. Builders are constructing record numbers of new homes and existing home sales are on the rise. AmNet is extremely fortunate to have Nancy Snowden join our team. She has valuable expertise in all aspects of the mortgage banking business and will help us to grow our business in the state."

Nancy Snowden, Vice President of AmNet added, "The residential housing market in the Dallas area is outperforming other segments of the economy. Home prices continue to appreciate. We serve a diverse group of borrowers ranging from first-time homebuyers to high-end purchasers. Our approach in Texas should serve us well. Underwriting and closing will be handled through both the Dallas and Houston offices while account executives will be located throughout the state to serve broker needs in specific geographic areas."

With thirty-five years of mortgage banking experience, Nancy Snowden has been appointed Vice President, Regional Manager for the Dallas center. Before joining AmNet, Snowden was Vice President, Regional Manager, Dallas/Ft. Worth region for First Preference Mortgage Corporation. Experience with prior companies includes United Lending Partners, Ltd., Irwin Mortgage Corporation, Sunbelt National Mortgage, North American Mortgage, and Fort Worth Mortgage Corporation. Snowden is a member of the Texas Association of Mortgage Brokers. She has a BA degree in Business Administration/Psychology and a Masters of Arts in Professional Development from Dallas Baptist University. Snowden can be contacted at nsnowden@amnetmortgage.com.

About American Mortgage Network

Headquartered in San Diego, California, AmNet is a wholly owned subsidiary of American Residential Investment Trust, Inc. AmNet originates loans for the national mortgage broker community through its network of branches and business-to-business over the Internet. AmNet has loan production offices in Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Minnesota, New Jersey, North Carolina, Oregon, Rhode Island, Texas, Virginia, and Washington.

AmNet has a total of $1.4 billion in warehouse borrowing capacity and is approved to do business in 47 states and the District of Columbia either by license or exemption. AmNet has close to 4,000 broker customers across the nation. For more information, please visit www.amnetmortgage.com.

About American Residential Investment Trust

American Residential Investment Trust, Inc. is the parent company of American Mortgage Network. The Company trades on the American Stock Exchange (AMEX(R):INV). For more information, please visit www.amerreit.com.

Forward Looking Statement

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of federal securities laws. Forward-looking statements include statements regarding geographic areas which will be served by the new regional center, the expected size of the Dallas branch staff, AmNet's plans to grow its business in Texas and the location of AmNet's account executives in the region. Actual results and the timing of certain events could differ materially from those projected in or contemplated by these forward-looking statements due to a number of factors, including but not limited to: the level of interest rates generally, economic conditions generally; interest rate volatility; the availability of mortgage banking professionals; the availability of financing for the funding of mortgage loans; the Company's liquidity position; and other risk factors outlined in American Residential Investment Trust's SEC reports.