Exhibit 99.1

THEODORE B. STOLMAN (State Bar No. CA 52099) TStolman@Stutman.com SCOTT H. YUN (State Bar No. CA 185190) SYun@Stutman.com STUTMAN, TREISTER & GLATT, P.C. 1901 Avenue of the Stars, 12th Floor Los Angeles, CA 90067 Telephone: (310) 228-5600 Facsimile: (310) 228-5788
and
ROBERT W. JONES (State Bar No. TX 10951200) RWJones@pattonboggs.com J. MAXWELL TUCKER (State Bar No. TX 20270900) MTucker@pattonboggs.com BRENT R. MCILWAIN (State Bar No. TX 24013140) BMcIlwain@pattonboggs.com PATTON BOGGS LLP 2001 Ross Avenue, Suite 3000 Dallas, TX 75201-8001 Telephone: (214) 758-1500 Facsimile: (214) 758-1550

Proposed Bankruptcy Counsel for the Debtor and Debtor in Possession

Debtor’s Mailing Address:
2727 East Imperial Highway
Brea, California 92821

UNITED STATES BANKRUPTCY COURT
CENTRAL DISTRICT OF CALIFORNIA
SANTA ANA DIVISION

In re:	§	CASE NO. 8:08-13421-ES
	§
FREMONT GENERAL CORPORATION, a Nevada corporation,	§	CHAPTER 11
	§
	§	ORDER APPROVING MOTION FOR
Debtor.	§	ORDER AUTHORIZING THE DEBTOR
	§	TO USE THE SHARES OF A
Tax I.D. 95-2815260	§	NON-DEBTOR SUBSIDIARY
	§	TO CONSUMMATE THE CAPITALSOURCE
	§	TRANSACTION
	§
	§
	§
	§
	§

     On July 17, 2008, a hearing (the “Hearing”) was held to consider the Motion for Order Authorizing the Debtor to Use the Shares of a Non-Debtor Subsidiary to Consummate the CapitalSource Transaction (the “Motion”), filed by Fremont General Corporation (the “Debtor”) on June 23, 2008 [Docket No. 29].¹ The Court, having reviewed the Motion, the supporting declarations, and all other pleadings filed in this case; having heard statements from counsel in support of approval of the Motion, and good and sufficient cause appearing therefor, based upon the Findings of Fact and Conclusions of Law entered concurrently herewith, hereby:

     ORDERS, DECREES AND ADJUDGES that

     A. The Motion is hereby approved and all relief requested in the Motion is hereby granted;

     B. The Debtor is authorized to vote the stock of its wholly owned subsidiary, FGCC, authorizing FGCC to, in turn, authorize the Bank to sell the Purchased Assets to CSE;

     C. The Debtor is authorized to take such other actions that are reasonably necessary and appropriate to consummate and accomplish the sale by the Bank of the Purchased Assets;

     D. The ten-day stay of Federal Rule of Bankruptcy Procedure 6004(h) is waived to permit the Closing of the sale to occur upon entry of this Order; and

     E. All relief requested by any party that has objected to the Motion is hereby denied.

DATED: July 17, 2008

/s/ Erithe A. Smith

Honorable Erithe A. Smith

United States Bankruptcy Judge

1 All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Motion.

1