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Online Exchange Reports Growth.(Brief Article)

Mortgage Servicing News

| March 01, 2001 | COPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

IMX today announced that both liquidity and trading volume reached all-time highs on the IMX Exchange in January. IMX claims to be the largest loan trading network for mortgage brokers and lenders.

Liquidity on IMX Exchange for January 2001 was the largest for any month in IMX history, with more than $578 million in broker wholesale loans posted to the Exchange for purchase by member lenders, up from $233 million posted in January 2000. This represents a 148% increase for the 12-month period.

January trading ...

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