Article: American Business Financial Services Goes On-line with UplandMortgage.com.

BALA CYNWYD, Pa., April 14 /PRNewswire/ -- American Business Financial Services, Inc. (Nasdaq: ABFI) announced today that borrowers can now apply for conventional and non-conventional mortgages on-line at UplandMortgage.com, obtaining the benefits of lower costs and faster processing of their applications on-line.

"I strongly believe the Internet is altering the way people do business more profoundly than any development since the introduction of the telephone," said Anthony J. Santilli, Jr., chairman and chief executive officer of American Business Financial Services. He added, "The Internet will become a dominant channel for delivering mortgage loans in the ...

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