CFI Mortgage, Inc.'s Subsidiary Adds Two Top Executives to Its Growing Mortgage Business.

Business Editors

CLEARWATER, Fla.--(BUSINESS WIRE)--June 29, 2001

CFI Mortgage, Inc. (OTCBB:CFIM) announced today that its wholly owned subsidiary, First United MortgageBanc, Inc. (FUMB) has appointed Judith L. Catrett, Processing Manager of its growing mortgage processing department. Ms. Catrett has held numerous managerial positions throughout her 16-year career in the mortgage industry. She has been a District Processing Supervisor overseeing retail offices, a Senior VP supervising a Bulk Lending Division and a Secondary Marketing Manager. She has vast experience with retail and wholesale processing, warehouse lines and underwriting. Judie has managed as many four warehouse lines simultaneously.

Additionally, FUMB has designated Rhonda Curtis as its Midwest Accounts Manager. Ms. Curtis has a proven track record in establishing working relationships with successful mortgage brokers. She has identified over 2,500 potential brokers and works closely with over 100 producing mortgage brokers at this time. A Dean's List graduate of Auburn University, with a BA in Management and Finance, Ms. Curtis will be responsible for the development of the potentially lucrative Midwest Region. Rhonda, who is an FHA Qualified Originator and Underwriter has received numerous production awards, is presently serving as the President of the Southwest Chapter of the Indiana Association of Mortgage Brokers.

Robert Scarpetta, President of FUMB, said, "Having worked with Judie at AABCO, I know her abilities and her work ethic and I'm very excited to have her on the FUMB team. As our Processing Department grows, Judie will be the leader that will efficiently and effectively mold it into a cohesive unit." He continued, "As we develop a network of Regional Managers we will seek to find people with Rhonda's experience and integrity. She has a substantial following of brokers that place their trust in her abilities to get the job done. I know she will be instrumental in establishing FUMB as a leading mortgage producer in the Midwest Region. Based on our ability to generate additional business through new affiliations and joint ventures we plan to add upwards of 20 new people over the next 3 to 6 months in wholesale and retail sales, as underwriters, processors and various other clerical and administrative positions."

Stephen E. Williams, Chairman, President and CEO of CFI stated, "Judie and Rhonda are the type of quality people that Bob Scarpetta is attracting to FUMB. During his short tenure at FUMB we have seen Bob's affinity to engage some of the top personnel available on the national mortgage scene today. We welcome Judie and Rhonda and look forward to their help in establishing FUMB's presence in the mortgage industry."

CFI provides mortgage services through a large network of mortgage brokers and financial professionals. CFI's goal, through acquisition and internal growth, is to be a diversified leader creating custom software that provides technology-based business solutions for the national and international marketplace, as well as a leader in the mortgage industry. For more information on CFI please visit the Company web site at www.cfiinc.com or that of Responsive Research at www.responsiveresearch.com where you can subscribe, free of charge, to its mailing list for press releases, investor updates and market letters, which will keep you apprised of all late breaking CFI news.

This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.