SHAWNEE, Kan. - Continental Mortgage Inc., a unit of Advanced Financial Inc., has entered into a master repurchase arrangement with Merrill Lynch Mortgage Capital Inc. in the amount of $20 million.

The financing will be used by CMI to fund the origination of single-family mortgages. The arrangement increases to $24.5 million the funds CMI has available to originate residential mortgages.

CMI believes that this new credit arrangement will significantly increase its origination volume from its present rate of about $14 million a month.

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