Regulated lenders gaining groundAccording to Mr

"In2008, mortgage applications completed using PowerSite Pro increased by 241percent o er 2007.""This shows that banks and credit unions are not only taking the branchseriously," Mr. Happ obser ed, "they're seeing the bene it o integratingmortgage-application channels enterprise-wide o er the Internet, in thebranch and call center, and through their loan o icers. And PowerSite isthe integrated point-o -sale (IPOS) solution they need to make thathappen."Regulated lenders gaining groundAccording to Mr. Happ, there's an underlying and not well documented industry trend at the heart o today's increasing mortgage acti ity. "Asthe big subprime players ha e disappeared and many brokers ha e adedaway," Mr. Happ explained, "regulated, depository inancial institutionslike banks, thri ts, and credit unions ha e risen up to take their place.A ter years in the background, these steady, trustworthy, and care ullenders are back in a big way and they're increasingly using onlinemortgage technology to grow their businesses, reduce their per-loan costs,and handle their increasing olumes without needing to add sta .""Regulated, depository lenders kept their balance sheets clean during thesubprime lending renzy o the last ew years," Mr Happ noted.

"Theyexercised solid iscal controls, and they loaned to prime and near-primeborrowers; so most o them weren't a ected by the subprime meltdown. Nowconsumers are returning en masse to their trusted, local bank or creditunion to meet their mortgage needs. 500company that pro ides the unique, award-winning PowerSite amily o integrated point-o -sale (IPOS) solutions or taking mortgage applications rom e ery mortgage channel: consumer-direct ia the Internet, in thebranch or call center; or through pro essional loan o icers. Mortgagebotblends extensi e mortgage experience with leading-edge"so tware-as-a-ser ice" (SaaS) technology to create scalable anda ordable Web sites or 800 mortgage lenders nationwide.Mortgagebot also o ers Mortgage Mar el(R) (), theaward-winning, ad- ree mortgage-shopping Web site that deli ers accurate,anonymous, real-time rate quotes in seconds rom a nationwide selection o lenders. But unlike other Web sites, Mortgage Mar el enables borrowers tolink directly to their pre erred lender where they can complete amortgage application and get pre-appro ed with ull disclosures, all in 20minutes or less.Mortgagebot, Mortgagebot PowerSite, and Mortgage Mar el are registeredtrademarks o Mortgagebot LLC. or more in ormation, contact:Cindy GolischPR Unlimited480-471-8820Dan WelbaumChie Marketing O icer262-292-2707Mortgagebot LLC1000 W Donges Bay Rd., Ste. 200Mequon, WI 53092Toll- ree: 877-861-3354Copyright 2009, Market Wire, All rights reser ed.-0-.

WASHINGTON (Reuters) - The outgoing Bush administration on Thursday cranked up pressure on the European Union to drop its ban on bee rom U.S. cattle treated with growth hormones by changing the list o $116.8 million worth o European ood products hit with sanctions in the dispute. WorldThe EU reacted angrily to the mo e, owing to challenge it at the World Trade Organization." or o er a decade, we ha e been trying to resol e this dispute with the EU but our e orts ha e gone nowhere," U.S. bee industry, while addressing the economic impact o such long-standing duties on U.S.

interests."The EU called the mo e illegal and said it eared the action could lead to the United States changing its sanctions list e ery six months."Transatlantic trade needs champions, not sanctions," EU Trade Commissioner Catherine Ashton said in a statement. "This action is most regrettable in the iew o many attempts by the EU to ind a solution to the long-standing dispute o er hormone-treated bee ."A large number o EU exporters will be hit with these illegal sanctions. Trade Representati e's o ice said on October 31 it was considering changing the decade-old retaliation list.The United States imposed the duties a ter winning a World Trade Organization case in the late 1990s in which it argued the European Union's ban on bee rom cattle treated with arti icial growth hormones was not supported by science and inconsistent with WTO rules.The EU amended its ban in 2003 and iled another case challenging the continued application o the retaliatory tari s. The WTO appellate body issued a decision in October that the United States says upheld its continuing right to impose trade measures on EU products.The European Commission, which o ersees the bloc's trade policy, said its decision to ban U.S. hormone-treated bee was based on scienti ic ad ice and not protectionism.Earlier in the long-running case, U.S.