Florida industry appointments update - 10/1/2007

Lender Lead Solutions announces LIBOR-based HECMMortgagePress.comHECM Lender Lead Solutions has introduced a home equity conversion mortgage (HECM) based on the London Interbank Offered Rate (LIBOR) index. The company is the first lender in the reverse mortgage industry to announce a product based on the LIBOR index instead of the Constant Mature Treasury. This will keep brokers from being exposed to market volatility and allow them to increase flexibility and profitability. "The LIBOR-based HECM provides brokers added margin, while giving them the flexibility to structure rates and loan closing costs to meet the individual needs of borrowers," said David Peskin, CEO of Lender Lead Solutions. Melville, N.Y.-based Lender Lead Solutions, a division of Vertical Lend, is a reverse mortgage services company. For more information, call (888) 775-3631 or visit www.lenderleadsolutions.com.