ROSWELL, N.M., Aug. 31 /PRNewswire-FirstCall/ -- PrimeSource Mortgage, Inc. (PSMI), a leading mortgage brokerage and banking company, and a wholly owned subsidiary of PSM Holdings, Inc. (OTC Bulletin Board: PSMH) today announced the opening of a new office in Spokane, WA. This marks the first PrimeSource Mortgage office in the state of Washington.

This new office will be led by Carla Scott-Durheim, a highly-respected mortgage professional with more than 20 years of industry experience. Since 1990, Carla has perfected her mortgage lending practices and created an enormous amount of goodwill with her name in her community.

"Carla is a highly sought after mortgage professional and we are excited to have her join the PrimeSource Mortgage team," said Jeffrey R. Smith, President and CEO of PSM Holdings, Inc. "She will add great value to the entire organization and her office will be instrumental in helping to build the PrimeSource Mortgage brand in the Northwest."

PSMI is currently licensed in 17 states, and has 30+ branch offices across the United States. PSMI has an aggressive growth model for 2010 to expand its network across the country.

One reason for PSMI's continued growth and success is its commitment to personalized customer service embodied in the motto: We Walk You Home. PSMI offers its clients a personalized experience and walks hand-in-hand with each client through the entire process.

"Our commitment to growth and unprecedented customer service has enabled us to attract some of the best mortgage professionals in the country, and consistently expand our national footprint," said Smith. "The addition of the latest PSMI office in Spokane that is led by a respected industry veteran like Carla, is a perfect example of how we have been able to grow in spite of the challenging market conditions."

About PSM Holdings, Inc.

PSM Holdings, Inc., through its wholly owned subsidiary, PrimeSource Mortgage, Inc. (PSMI) provides mortgage brokerage and banking services across the United States. PSMI is currently licensed in 17 states from Florida to California, and oversees the operations of 30+ branches across the United States. For more information, visit http://www.psmholdings.com.

Forward-Looking Statements:

Certain statements contained herein, including, without limitation, statements containing the words "believes," "intends" and other words of similar import, constitute "forward-looking statements" within the meaning of Section 7A of Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include but are not limited to that we are in the process of furthering several of the key milestones we achieved last year and creating new growth opportunities for PSM Holdings, Inc. and its subsidiaries, and that we will continue to enter new projects and strategic partnerships in 2009. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of PSM Holdings, Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. PSM Holdings, Inc. disclaims any obligation to update or to announce publicly the results of any revision of the forward-looking statements contained or incorporated by reference herein to reflect future events or developments.


    Contact:
    Jeffrey R. Smith, President and CEO
    575-624-4170
    jeff@wewalkyouhome.com

SOURCE PSM Holdings, Inc.