Decade Systems Enables Integration of Disparate Systems for Cardinal Financial Co.; Integration Technology Improves Online Mortgage Lending for Finance Company - 2004-05-24
Decade Systems Corp., a leading integration and business connectivity solutions provider in the mortgage industry, today revealed that Warminster, Pa.-based Cardinal Financial Company, a full service mortgage banking firm originating and closing first and second mortgage loans, has licensed and installed Decade's Total Enterprise Data Integration (TEDI) to seamlessly integrate its GHR Systems, Inc., wholesale point-of-sale system and its Dynatek MORvision backend processing and delivery system.

Prior to implementing TEDI, sending information from the front-end Web site to the main loan origination system posed a challenge for the wholesale lending division of Cardinal Financial.
Read the full story at Business Wire

Mortgage rate moves - 2004-05-24
It was quite recently that Britons were celebrating the lowest mortgage rates in fifty years.

But in late months rates have climbed up to 4.25%, and at the weekend one report said rates may have to double to keep Britain's surging housing market in check.

The report was based on comments from the Council of Mortgage Lenders' (CML's) latest housing market forecast, which says the Bank of England may have to be more aggressive if it wants to "influence the housing market".
Read the full story at BBC News