Standard Pacific Corp. Announces Family Lending Services, Inc. Has Changed Its Name to Standard Pacific Mortgage, Inc.

Stephen J. Scarborough, Chairman, Chief Executive Officer and President of Standard Pacific Corp. (NYSE: SPF), today announced that Family Lending Services, Inc., the mortgage banking arm of Standard Pacific Corp., has changed its name to Standard Pacific Mortgage, Inc.

"The name change to Standard Pacific Mortgage will create a stronger link with our parent company, Standard Pacific Homes," said Richard Ambrose, President of Standard Pacific Mortgage, Inc. "Although we are changing our name, we are not changing our culture and values of providing Standard Pacific consumers a streamlined home buying process."

Standard Pacific Mortgage, Inc. is a full service mortgage banker whose primary focus is to assist homebuyers with their financing needs by providing them with a wide variety of loan programs. The Company operates offices in California, Colorado, Florida, Arizona, Nevada and Texas.

Standard Pacific Homes, one of the nation's largest homebuilders, has built homes for more than 95,000 families during its 40-year history. The Company constructs homes within a wide range of price and size targeting a broad range of homebuyers. Standard Pacific operates in many of the largest housing markets in the country with operations in major metropolitan areas in California, Florida, Arizona, the Carolinas, Texas, Colorado, Nevada and Illinois. The Company provides mortgage financing and title services to its homebuyers through its subsidiaries and joint ventures, Standard Pacific Mortgage, Inc., Home First Funding, SPH Home Mortgage, Universal Land Title of South Florida and SPH Title. For more information about the Company and its new home developments, please visit our website at: http://www.standardpacifichomes.com.