CFI Mortgage, Inc. Subsidiary, First United MortgageBanc, Inc., Introduces New Mortgage Products and Increases Mortgage Placement Abilities.

Business Editors

CLEARWATER, Fla.--(BUSINESS WIRE)--July 26, 2001

CFI Mortgage, Inc. (OTCBB:CFIM) announced today that its subsidiary, First United MortgageBanc, Inc. (FUMB), has introduced a line of specialty products, which includes; 95% condo financing, ease of qualifications for self employed applicants and 95% financing with no Private Mortgage Insurance (PMI). These products are not readily available to all mortgage companies and will attract many new homebuyers and current homeowners looking to refinance and should dramatically increase revenues for FUMB. Through relationships developed by the experienced FUMB team and a positive industry reputation, FUMB has just been approved by five national mortgage investors who will purchase their closed loans.

Robert Scarpetta, President of FUMB, said, "As we expand FUMB nationally, increasing our product line is very important to our overall growth and ultimate success. These unique new products will attract additional buyers and help us develop new relationships with brokers nationwide. Expanding our product mix will further enhance the productivity of the quality personnel that we are attracting to FUMB."

Stephen E. Williams, Chairman, President and CEO of CFI stated, "We are seeing the implementation of our FUMB business model flourish under Bob Scarpetta. As he continues to expand our marketing staff and supplies them with additional products and warehouse lines, I'm sure we'll see FUMB become one of the leading companies on the national mortgage scene."

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 CFIM please visit the Company web site at http://www.cfiinc.com or that of Responsive Research at http://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 CFIM 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.