Metropolitan Mortgage Issues Update SPOKANE, Wash., Nov. 6 /PRNewswire-FirstCall/ -- In accordance with the rules of the American Stock Exchange, LLC, Metropolitan Mortgage & Securities Co., Inc. wishes to announce that there has been no material development in its business and affairs not previously disclosed to the public through press releases, including the press release dated November 3, 2003, or filings with the Securities and Exchange Commission, nor to the company's knowledge, is it aware of any other reason that would affect the trading price of its preferred stock. DATASOURCE: Metropolitan Mortgage & Securities Co., Inc. CONTACT: Mary Keller, Market Development & External Affairs of Metropolitan Mortgage & Securities Co., Inc., +1-509-835-2811 Web site: http://www.metmtg.com/

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