MMag Mortgage Lending April 15, 2007

• Colonial Savings Purchases Servicing Rights on $1.7 Billion of Mortgages
Colonial Savings, F.A. announced today that it has completed the purchase of servicing rights on 18,431 residential mortgage loans with a principal balance of approximately $1.7 billion from a Midwest bank. The loans are secured by properties in mid-western states. The acquisition will increase Colonial Savings` servicing portfolio by 15% to $12.7 billion and will increase the number of loans serviced by 20%. The effective date of the transfer will be June 1, 2007. -- Colonial Savings ,Janet Walter,Fort Worth TX 04/14/2007

• Fairway New England Hires Mortgage Industry Veteran
Amy Tierce, president of Fairway New England Mortgage, today announced she is teaming up once again with industry veteran Amy Slotnick-a well-known, respected leader throughout the New England real estate community. In addition to her new role as Director of Strategic Development, Slotnick will continue to originate loans for Fairway New England. -- Fairway Independent Mortgage Corpor,Lisa Kerby ,Needham MA 04/14/2007

• Guggenheim Capital Markets Announces Expansion of Mortgage-Backed Securities Trading and Sales Teams with West Coast Office
Guggenheim Capital Markets, LLC ("GCM"), a registered broker/dealer headquartered in New York City and a subsidiary of Guggenheim Partners, LLC, announced today the expansion of its Mortgage-Backed Securities/Collateralized Mortgage Obligation division through the hiring of Dan Steuer who will lead a team based in Los Angeles. Named a managing director, Steuer will work under Ron Iervolino. -- Guggenheim Partners, LLC,Jeffrey Kelley,New York NY 04/14/2007

• Indemae Home Mortgage is Finally Opening Its Doors!
Grand Opening: Join us at our ribbon-cutting celebration! -- Indemae Home Mortgage,Michele Shofner,Tampa Bay FL 04/14/2007

• Reverse Mortgage Solutions (RMS) Begins Operations
Company Offers Sophisticated Servicing Solutions Backed By Management Team with More Than a Century of Collective Experience -- Reverse Mortgage Solutions,Ken Austin, 04/14/2007

• Joe Cartellone Named President and Chief Operating Officer of National City Mortgage Company
National City Corporation (NYSE: NCC) today announced that Joe Cartellone has been named president and chief operating officer of National City Mortgage. Cartellone replaces Rick Smalldon, who has decided to step down from his current position to relocate to Arizona and assume a part-time role at the end of 2007. -- National City Corporation ,Jill Hennessey,Cleveland OH 04/14/2007

• MISMO Releases Its Recommendations on Credit Report Reissue
MISMO, a not-for-profit subsidiary of the Mortgage Bankers Association (MBA), and its Credit Reporting Workgroup made public their recommendations regarding use of the MISMO Credit Reporting standard for reporting reissues of credit reports to credit repositories. The MISMO Credit Reporting standard allows companies, credit bureaus and credit repositories to exchange data regarding a borrower`s credit information and this document will provide guidance on how to better utilize this standard in light of a recent change in the federal Fair Credit Report Act (FCRA). This information is not intended as a recommendation for legislative, regulatory or contractual compliance -- MBA,Laura Armstrong ,Washington DC 04/14/2007

• MBA Chairman Robbins Questions Congressional Report on Local Impact of Subprime Foreclosures
John M. Robbins, CMB, Chairman of the Mortgage Bankers Association (MBA) responded today to a report from the Congressional Joint Economic Committee (JEC) looking at the current environment surrounding rising foreclosures among subprime loans. According to Robbins, the JEC overstated the potential number of foreclosures and thus the potential impact. Robbins also addressed the policy proposals contained within the report. -- MBA,Laura Armstrong ,Washington DC 04/14/2007

• Purchase Applications Rise, Refinance Applications Decline in Latest MBA Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 6, 2007. The Market Composite Index, a measure of mortgage loan application volume, was 646.6, a decrease of 0.4 percent on a seasonally adjusted basis from 649.5 one week earlier. On an unadjusted basis, the Index decreased 0.1 percent compared with the previous week and was up 10.8 percent compared with the same week one year earlier. -- MBA,Aleis Stokes ,Washington DC 04/14/2007

• LOVE FUNDING SECURES FINANCING FOR TWO MULTI-FAMILY HOUSING COMPLEXES IN THE MIDWEST
Love Funding Corporation, a national mortgage-banking firm, today announced it has closed two refinance loans totaling $4,300,100 for two multi-family housing complexes located in the Midwest. -- Love Funding Corporation,Julie Hauser,Cleveland OH 04/14/2007

• LendingTree.com Offers Tips to Help Determine How Much to Offer for a New Home
Looking forward to spring home buying season? Get some tips from LendingTree.com before you start -- LendingTree.com,ALLISON VAIL ,Charlotte NC 04/14/2007

• Know When to Give Your ARM a Fix
GetSmart.com Shares Some Refinancing Options -- GetSmart.com ,ALLISON VAIL ,Charlotte NC 04/14/2007

• Commercial Capital Alliance is Proud to Present The Commercial Mortgage Education Seminar
-- Commercial Capital Alliance ,MICHAEL HALTMAN ,Jericho NY 04/14/2007

• CAMBRIDGE SAYS LOAN ORIGINATION REQUEST VOLUME FOR FEBRUARY TOPS $236.3 MILLION
Cambridge Realty Capital reports reviewing 33 loan origination requests totaling $236.3 million in February, or slightly more than the 29 loan requests for $198.1 million reported for the same month last year. -- Cambridge Realty Capital ,Katie Trice,New York NY 04/14/2007

• AP9 PrivacyMatters Looks at How Marital Status Can Affect Credit Scores
AP9 Privacy Matters helps consumers guard their credit and identity data with powerful monitoring and management tools. -- Ap9 PrivacyMatters ,Mary ,Norwalk CT 04/14/2007

• Alderman & Company Capital Selects Due Diligence Online To Provide Virtual Deal Rooms
Alderman & Company Capital, LLC has selected Due Diligence Online, LLC as its preferred provider for virtual deal rooms to support the communication and information exchange during client engagements. The V-Room�, powered by Due Diligence Online, LLC, will serve as the organization`s platform for exchanging confidential documents in conjunction with the sales process and due diligence communications. -- Due Diligence Online, LLC ,Dan Bradbary ,Norwalk CT 04/14/2007

• Value Financial Launches New Fixed Rate Reverse Mortgage Program in Florida
Value Financial Mortgage Services, Inc., a Florida based Reverse Mortgage Lender, announced today that it has launched its new FIXED RATE REVERSE MORTGAGE program, with a fixed rate for the life of the loan and no monthly payments due, ever. This program was designed to help Seniors aged 62 and older. -- Value Financial Mortgage Services,,NELSON LOCKE , FL 04/14/2007

• Credit Union Marketing Agency, Andermahr & Company
Credit Union Marketing Agency, Andermahr & Company, has expanded its services to include Spanish language translation services and targeted cross-cultural marketing services for the commercial and financial industry -- Andermahr & Company,Michelle Zimmerle,Stockton CA 04/14/2007

• Residential & Commercial DPA Now Available!
Federal Funding is pleased to announce its latest addition to its vast array of DPA products. FedMoney allows buyers of all properties not only to receive DPA, but FedMoney as well of any amount subject to equity. Please contact us for additional information. -- Federal Funding,Richard David,Dallas Texas 04/14/2007

• CreditXpert Inc. Releases Major Software Upgrade
CreditXpert Inc., the leading credit analysis and management solutions provider, today announced that CBCInnovis, a credit reporting service with more then 50,000 customers nationwide, will be the first to offer the latest version of CreditXpert�, a major enhancement to previous CreditXpert releases. CBCInnovis also expanded its offerings to include the full suite of CreditXpert services. -- CreditXpert Inc.,Denise Bauwens,Towson Md, 04/14/2007

• Advantage Credit Becomes First in Nation to Offer CreditXpert Solution Suite in All Modes, Broadening Potential for Credit Score Improvement
Full Solution Suite/All Modes Maximizes Opportunities for Brokers to Close More Loans and Consumers to Take Control of Their Credit. -- Advantage Credit,Kelly Gontarski,Towson MD 04/14/2007

• Coreland Companies Adds Two More Associates to its Brokerage Leasing/Sales Department
Fred Godinez and Brian Wegener Named as Leasing/Sales Associates -- Coreland Companies ,anne monaghan ,Tustin CA 04/14/2007

• RATE TRENDS CONTINUE TO FAVOR LONG-TERM COMMITMENTS, FUNDING EXPERT BELIEVES
These cant be easy times for senior housing/healthcare borrowers hoping to get a better handle on how current Federal Reserve Board monetary policies will impact long-term interest rates in the months ahead -- Cambridge Realty Capital Companies,Katie Trice,New York NY 04/14/2007

• Mortgage Credit News - April 12, 2007
Mortgage rates are no worse this week than after last week`s strong-payroll surprise, and the 10-year T-note yield is a hair lower. As suspected here, the payroll data made the economy look stronger than it really is. -- Boiulder West,Lou Barnes,Boulder West 04/14/2007

• Jobless Claims Higher Than Expected - Yields Push Upward
Bond yields increased throughout the day, taking the 10-year Treasury yield up to 4.74% by the end of trading. Friday will hold the most important data for the week, the Producer Price Index. -- MortgageMediaMag.com,Rob Hain,San Antonio Texas 04/12/2007

• Import Prices Jump, Led by Oil, Gas
Prices of U.S. imports rose last month by the most in almost a year, led by gains in crude oil and natural gas that are likely to keep the Federal Reserve from cutting interest rates. -- Bloomberg,Bob Willis, 04/12/2007

• US weekly jobless claims up 19,000 to 342,000, highest in eight weeks
The number of people filing new claims for unemployment insurance rose more than expected in the latest week to the highest level in two months, the Labor Department said today. -- Forbes,AFX News Limited, 04/12/2007

• FOMC Meeting Minutes Send Yields Up
The minutes from the most recent FOMC meeting showed that the rate-setting body of the Fed wanted more flexibility in setting future rates than many had expected to see. Many considered a `hold` on the short-term rates to be a near certainty in the last meeting. The minutes, however, revealed sentiment that the group wanted to let future data guide their policy. This apparent step back set the markets on edge, driving bond prices down and yields up. By the end of trading, the 10-year Treasury yield had pushed up to 4.74%. -- MortgageMediaMag.com,Rob Hain,San Antonio Texas 04/11/2007

• No Data Due - Bonds Open Up
There is no economic data due on Tuesday. MBS and Treasury prices opened up, taking their yields down. By closing, the 10-year Treasury yield was down to 4.71% in light trading. -- MortgageMediaMag.com,Rob Hain,San Antonio Texas 04/10/2007

• CampusMBA`s School of Mortgage Banking Announces
CampusMBA, the award-winning educational division of the Mortgage Bankers Association (MBA), has presented Kevin Myler, AMP, a director within the Wealth Management division of UBS Financial Services, Inc., with the Willis Bryant Award for the March, 2007 School of Mortgage Banking III. In addition to this honor, Kevin has also earned the Accredited Mortgage Professional (AMP) designation for his completion of the School of Mortgage Banking. -- MBA,Laura Armstrong ,Washington DC 04/09/2007

• Customers Sign on the Electronic Dotted Line at Quadrant Homes
DocuSign Empowers Quadrant to Close Deals Faster, Improve the Customer Experience, and Help the Environment -- DocuSign,'Stephanie Wettstein,Bellevue WA 04/09/2007

• Mortgage Credit News - April 6, 2007
Rates are rising again this morning -- possibly an overreaction in thin holiday markets to strong job-market news, but rising. -- Boulder West,Lou Barnes,Boluder CO 04/09/2007

• Falcon Real Estate Enters into Joint Venture with Developer for $25.3 Million Office/Retail Project
Falcon Real Estate Investment Company, LP has entered into a joint venture agreement for the development of the Winchester Commercial Center in Temecula, Calif. The 74,166-square-foot mixed-use center will consist of six free-standing office buildings totaling 45,750 square feet and two multi-tenant retail buildings totaling 28,416 square feet. Falcon`s partner, Transcan Development, LLC of Alamo, Calif., is an experienced real estate developer with several retail/office projects totaling more than 3.7 million square feet currently underway. -- Falcon Real Estate Investment Compa,anne monaghan ,San Diego CA 04/05/2007

• Mortgage Applications Decrease in Latest MBA Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 30, 2007. The Market Composite Index, a measure of mortgage loan application volume, was 649.5, a decrease of 3.2 percent on a seasonally adjusted basis from 671 one week earlier. On an unadjusted basis, the Index decreased 3.2 percent compared with the previous week and was up 5.3 percent compared with the same week one year earlier. -- MBA,Aleis Stokes ,Washington DC 04/05/2007

• ICBA Applauds Reps. Hinojosa and Biggert for Resolution on Financial Literacy Month
The Independent Community Bankers of America (ICBA) strongly supports the bi-partisan congressional resolution (H. Res. 273) designating April as "Financial Literacy Month," which calls on government, non-profit organizations and the private sector to raise public awareness about the importance of financial education in the United States and the serious consequences that can result from a lack of understanding about personal finances. -- ICBA,Karen Tyson,Washington DC 04/05/2007

• 20 Professionals Earn Certified Mortgage Technologist Designation
CampusMBA, the award-winning educational arm of the Mortgage Bankers Association (MBA), awarded the Certified Mortgage Technologist (CMT) designation to 20 mortgage industry professionals on March 26 at a ceremony held at the association`s annual National Technology in Mortgage Banking Conference in Tampa. -- MBA,Laura Armstrong,Washington DC 04/05/2007

• MBA Releases 2006 Commercial/Multifamily Originations Rankings
Wachovia, Wells Fargo and Credit Suisse were the top commercial/multifamily originators in 2006, according to a set of listings released by the Mortgage Bankers Association (MBA). Other originators in the top 10 include Holliday Fenoglio Fowler, L.P., Key Bank Real Estate Capital, Capmark Financial Group, Deutsche Bank Commercial Real Estate, Lehman Brothers, CBRE/Melody, and LaSalle Bank/ABN AMRO -- MBA,Laura Armstrong ,Washington DC 04/05/2007

• MBA Chairman Robbins Responds to Call for Moratorium on Foreclosures
John M. Robbins, CMB, Chairman of the Mortgage Bankers Association (MBA) today responded to a call from a variety of civil rights and consumer advocacy groups for an immediate six month moratorium on foreclosures resulting from subprime loans. -- MBA,Laura Armstrong ,Washington DC 04/05/2007

• New combination creates an unparalleled source of financial intelligence on the media and communications sector
SNL Financial, the leading sector-focused provider of essential business intelligence to investment banks, money managers and corporations, today announced the acquisition of leading media research and analysis firm, Kagan Research. -- SNL Financial Acquires Kagan Resear,Richard Wilkes,Charlottesville VA 04/05/2007

• Bankrate: Mortgage Rates Give Fed Mixed Reaction
Fixed mortgage rates moved higher following the Fed`s stated concerns about inflation. The average 30- year fixed mortgage rate rose to 6.22 percent. According to Bankrate.com`s weekly national survey of large lenders, the 30-year fixed rate mortgages had an average of 0.28 discount and origination points. -- Bankrate, Inc. , Kayleen Keneally,New York 04/03/2007

• More Homeowners Turning to Rivertown for Help due to Crumbling Subprime Lending Market
The collapse of the subprime lending market has led more people who face financial hardship to turn to companies like Rivertown Financial to help them find a way out. -- Rivertown Financial ,Erin Dewey,Albany NY 04/03/2007

• Silver Hill(R) Unveils Alliance Program With Rewards and Incentives for Top-Producing Mortgage Brokers
Loyal clients benefit from a list of perks designed to reward repeat business -- Silver Hill Financial, LLC,Kristin Seigworth ,Miami FL 04/03/2007

• Tough New Rules Limit Refinancing Options
For the past several years real estate buyers have had a financial spare tire, a back-up system that was always there if times got tough. But now that spare tire is about to disappear, a vanishing act that will surprise some borrowers and bankrupt others. -- Peter G. Miller ,Peter G. Miller ,Irvine CA 04/03/2007

• CAGW Applauds Sens. Dodd and Shelby for Responsible Approach to Subprime Lending Crisis
Today Citizens Against Government Waste (CAGW) applauded Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd (D-Conn.) and Ranking Member Richard Shelby (R-Ala.) for their responsible and prudent response to the decline of the subprime lending industry -- Citizens Against Government Waste ,Alexa Moutevelis,Washington 04/03/2007

• Freddie Mac Updates 4/3/2007
-- Freddie Mac ,,Washington DC 04/03/2007

• Fannie Mae Updates 4/3/207
-- Fannie Mae ,,Washington DC 04/03/2007

• Countrywide Home Loans Offers Home Mortgage Ideas That Help Make the Dream of Home Ownership a Reality
Home Loan experts suggest managing your mortgage can make home buying easier -- Countrywide Home Loans, Inc, Jason White ,Calabasas CA 04/03/2007

• Access Business Technologies Unveils PowerSite � Instant Websites for Mortgage Companies
ABT Continues Providing Innovative Solutions to it`s Customers. -- Access Business Technologies ,Alan Taylor ,Sacramento CA 04/03/2007

• Not Knowing Rights/Options Leaves Homeowners Vulnerable
Utah Homeowners in Default May Have up to 11 Options to Save Their Homes; New Report Outlines Pros and Cons of Each, Helps Owners Choose -- Your Home Advocate ,Alan Brymer , UT 04/03/2007

• CCI announced the hire of Angela Daron as the firm s Business Development Manager
CCI today announced the hire of Angela Daron as the firm s Business Development Manager. Angela s responsibility as the Business Development Manger at CCI is to develop and manage client relationships. She will be coordinating the efforts of CCI operations to provide services that impact the business goals of each client. -- CCI,Kelli Neuberger,Milwaukee WI 04/03/2007

• Intellidyn and DataQuick Partner to Deliver Marketing Tactics for Success in 2007-2008 Refinance Market
Niche prospecting techniques deliver response and conversion rates lenders enjoyed from pre-screen offers, without the FCRA compliance pitfalls -- Intellidyn Corp.,Grace Cohen,Boston MA 04/03/2007

• American Brokers Conduit Appoints Carl Cody, Branch Manager of Dallas, Texas
American Brokers Conduit (ABC), the wholesale division of American Home Mortgage Investment Corp. (NYSE: AHM), a publicly held mortgage Real Estate Investment Trust (REIT), announced today the addition of Carl Cody as the Company s new Branch Manager of the Dallas branch. Mr. Cody joins American Brokers Conduit with more than 29 years of experience in the mortgage industry, including production management, staffing, and risk management. -- American Brokers Conduit,John Lovallo,Melville NY 04/03/2007

• NARLO gifts homeowners free access to home management & education network.
The National Association of Responsible Lending Officers (NARLO) today announced an exclusive partnership with the National Organization of American Homeowners (NOAH), whereby members of NARLO will enroll their clients, homebuyers, into NOAH s membership group, whose members are homeowners. This partnership extends NARLO s emergence as an innovative and growing mortgage association geared toward consumer education. -- National Organization of American H,Kristin Muire,Tallahassee FL 04/03/2007

• Attacking a Growing Problem, Real Estate Industry Launches Campaign to Attract More Young Talent
SelectLeaders, in Cooperation with 11 Major Industry Organizations, Establishes Free Job Internship Posting Program -- SelectLeaders ,Jeannette Boccini,New York NY 04/03/2007

• U.S. Economy Expected to Slow in 2007 Says RBC Economics
Stronger Gains Likely in Second Half of Year and 2008 -- RBC Financial Group ,Kevin Foster,New York NY 04/03/2007

• New York Mortgage Trust Completes Sale of its Retail Mortgage Lending Platform Assets to IndyMac Bank, F.S.B.
New York Mortgage Trust, Inc. (NYSE: NTR; "NYMT" or the "Company"), a self-advised real estate investment trust ("REIT") made the following announcements today: Completion of $13.5 million Asset Sale to IndyMac Bank, F.S.B. -- New York Mortgage Trust, Inc. ,Steven R. Mumma,New York NY 04/03/2007

• Advantage Credit Becomes First in Nation to Offer CreditXpert Solution Suite in All Modes, Broadening Potential for Credit Score Improvement
Full Solution Suite/All Modes Maximizes Opportunities for Brokers to Close More Loans and Consumers to Take Control of Their Credit. -- CreditXpert Inc. ,Denise Bauwens,Towson Md., 04/03/2007

• Pending Home Sales Show Effects of Weather, Possible Subprime Impact
A forward-looking index based on pending home sales indicates that bad weather, and possibly the loss of some subprime lending, will dampen sales closed in March and April, according to the National Association of Realtors(R). -- National Association of Realtors ,Walter Molony ,Washington DC 04/03/2007

• Wolters Kluwer Financial Services Announces Agreement with WBA and FIPCO to Offer a Variety of Innovative Regulatory Compliance Solutions
Wolters Kluwer Financial Services, the Wisconsin Bankers Association (WBA) and its wholly owned subsidiary, Financial Institution Products Corporation (FIPCO), announced an agreement to resell, endorse and refer a variety of Wolters Kluwer Financial Services` products and solutions to members of the WBA and customers of FIPCO -- Wolters Kluwer Financial Services,Jennifer Marso,Minneapolis MN 04/03/2007

• When It Comes To Retirement Planning, Women Report More Emotional `Distress` Than Men
Annual Wachovia Retirement Fitness survey finds consumers in general and women in particular not ready for retirement, and married women report being less ready -- Wachovia Corporation ,Teresa Dougherty,Charlotte NC 04/03/2007

• Bridging Loan Demand on the Rise, Warnings Issued to Borrowers
Online Secured Loan specialists PersonalLoansMadeEasy.co.uk have reported a surge in demand for Bridging loans and finance recently, but have issued a warning to consumers to make sure they understand that what sounds like a low interest rate is not necessarily the case. -- Personal Loans Made Easy ,Steve Wild ,Uk 04/02/2007

• NAR Foresees Short-Term Impact on Housing Markets From Subprime Reforms
Current market problems and reforms in the underwriting and pricing of subprime loans, including the tightening of underwriting standards by regulators, will have a short-term impact on housing markets. That will be lessened if Congress enacts legislation to expand the roles of Fannie Mae, Freddie Mac and the Federal Housing Administration to provide more housing opportunities to lower-income homeowners and those living in high cost metropolitan areas, the National Association of REALTORS(R) said today. -- National Association of Realtors(R),Steve Cook ,Washington DC 04/02/2007

• PMI Mortgage Insurance Co. Heralds Introduction of Legislation to Extend Tax Deductibility of Mortgage Insurance Premiums
In what Steve Smith, Chief Executive Officer of The PMI Group, Inc. (NYSE:PMI) and PMI Mortgage Insurance Co., called a welcome development for U.S. homebuyers, a bipartisan coalition of legislators today introduced a bill to make permanent the federal tax deduction for mortgage insurance premiums for borrowers making $109,000 or less. -- The PMI Group, Inc,Bill Horning,Walnut Creek CA 04/02/2007

• Webster Announces Sale of People`s Mortgage Corporation Offices
Webster Financial Corporation (NYSE:WBS) , the holding company for Webster Bank, N.A., announced today the sale of its People`s Mortgage Corporation (PMC) branch offices in Severna Park and Rockville, Maryland, and Hamden CT to 1st Mariner Mortgage, a division of 1st Mariner Bank of Baltimore, MD. Terms of the transaction were not disclosed. -- Webster Financial Corporation ,Clark Finley,Waterbury CT 04/02/2007

• Barclays Completes Acquisition of EquiFirst From Regions Financial Corporation
Barclays Bank PLC ("Barclays") announces that further to the release of 19th January 2007 it has completed the purchase of EquiFirst Corporation ("EquiFirst"), the non-prime mortgage origination business of Regions Financial Corporation ("Regions"), for a consideration of approximately $76 million. The price is subject to a final adjustment of book value, which is expected to be finalized during the second quarter. Barclays does not expect a significant adjustment to book value. -- Barclays Bank PLC ,Mark Merson,New York NY 04/02/2007

• Mortgage Blame, Warnings - Mortgage Industry Insider from MortgageDaily.com
Realtors blame the subprime crisis on greed, while mortgage brokers are warning against trigger leads, according to the latest week`s coverage from http://www.mortgagedaily.com/ -- the dominant source of online news for the mortgage industry. -- MortgageDaily.com,Sam Garcia,Dallas TX 04/02/2007

• E-LOAN Standardizes on Salesforce.com to Create a Customer Communications Hub
- Salesforce.com (NYSE:CRM) , the market and technology leader in on-demand business services, today announced that E-LOAN, an online consumer direct lender, has significantly improved its loan origination operations and achieved improved customer communications by joining 1,200 other financial services companies and standardizing on the leading on-demand CRM applications from Salesforce. -- Salesforce.com ,Katy Dormer ,San Francisco CA 04/02/2007

• Marshall & Ilsley Corporation Completes Acquisition of United Heritage Bankshares of Florida, Inc.
Marshall & Ilsley Corporation (NYSE:MI) (M&I) announced today the completion of its acquisition of United Heritage Bankshares of Florida, Inc. (United Heritage). United Heritage Bank, with $751 million in assets as of December 31, 2006, has 13 branches in the metropolitan Orlando area. United Heritage shareholders will receive 0.8740 of a share of M&I common stock for each share of United Heritage common stock. -- Marshall & Ilsley Corporation ,Greg A. Smith,Milwaukee WI 04/02/2007

• SouthStar Funding Implements Mozart AUS To Support Product and Pricing Selection Technology
SouthStar selects Mozart AUS for speed, ease of use, and ability to expand with its plans for growth -- SouthStar Funding ,Rosalie Berg,Bethesda MD 04/02/2007

• Greystone Residential Funding, Inc. Helps Banks and Credit Unions Grow Their Mortgage Programs in Spring Market
Greystone Residential Funding, Inc. has introduced a customizable marketing tool kit to help financial institutions get the word out about their mortgage programs during the spring buying season. The company offers a step-by-step guide and professional marketing resources to make mortgage marketing easy and effective. -- Greystone Residential Funding, Inc.,Amy Hansen,Middleton WI 04/02/2007

• New Century Financial Corporation Files for Chapter 11; Announces Agreement to Sell Servicing Operations
New Century Financial Corporation announced today that it has filed a voluntary petition for relief under chapter 11 of the U.S. Bankruptcy Code. The filing was made today in the U.S. Bankruptcy Court for the District of Delaware. -- New Century Financial Corporation ,Carrie Marrelli,Irvine CA 04/02/2007