Dr.Gregory Elliehausen of Georgetown UniversityCredit Research Center presented his report

that mortgage brokers' customers have a lower APR, on average, than bank customers to

attendees at the Legislative Conference held inWashington D.C April 11-13, 2005 and to a

Federal Reserve Board Conference.

The study was not commissioned by the mortgage broker industry or NAMB.

"I think it is a very important fact that our industry knew nothing about the study until it

was presented to the Federal Reserve BoardConference," said Sims. "What this study will

allow consumers to know that we are working for them to find the best possible deal."

The study also shows that mortgage brokers will work with ALL consumers - even those that

might not have the best FICO score. See entire article (click here)

www.GregZaccagni.com