New Mortgage Programs Rolled Out To Credit Union Members.

New mortgage programs, exclusively for Credit Union members. Additional credit challenged and self employed members will now qualify for mortgages.

FOR IMMEDIATE RELEASE

CONTACT: Wendy Kilpatrick
MBS Mortgage Company, LLC
Phone: 800-967-9043, extension 7244
Fax Number: 616-942-9713
E-mail address: wkilpatrick@mbscu.com
Web site address: www.cumortgages.net

New Mortgage Programs Rolled Out To Credit Union Members

Grand Rapids, Michigan    January 24 2003

MBS Mortgage Company, LLC is pleased to announce the addition of several new mortgage programs designed exclusively for Credit Union members.

New programs will increase the number of Credit Union members qualifying for mortgages. Specialized programs include:

§   Stated income program. Ideal for self employed members.
§   One time closing, for new construction mortgages.
§   100% mortgages for refinances and purchases.
§   Expanded programs for credit challenged members.

MBSs President, John Teweles stated," Our mission is to assist Credit Union members with all their mortgage needs. Twenty-five to thirty percent of members are unable to qualify for traditional conventional mortgages. We now have programs available for many of these members."

MBS Mortgage Company, LLC offers mortgage services to Credit Unions in the Midwestern and Eastern United States and is a division of Multi-Bank Services, Ltd. The company has specialized in meeting the needs of Credit Unions for institutional brokerage and mortgage services since 1985.

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