NEWS RELEASE...
DELRAY BEACH, Fla., May 20 /PRNewswire/ -- Westmark Group Holdings, Inc.
(Nasdaq: WGHI) announced today that through its subsidiary, Westmark Mortgage
Mortgage Corporation, revenue reached $489,000 from loan sales in April. The
breakdown included $9.6 million in "B/C" sales and $300,000 in "A" paper
sales.
Mark Schaftlein, CEO of Westmark Group Holdings, Inc., stated, "Net
revenue per loan is tracking to expected results, achieving an average cash
gain of 500 basis points per loan."
Westmark Group Holdings, Inc. is a diversified financial services holding
company which through its subsidiary, Westmark Mortgage Crop., is actively
engaged in the nationwide origination, purchase and sale to investors of
primarily non-conforming loans secured by residential properties.
SOURCE Westmark Group Holdings, Inc.
CONTACT: Alan Adelson, Investor Relations, Westmark Group Holdings,
Inc., 800-240-2014; or Ira W. Miller or Omar Sanchez, both of I.W. Miller &
Co., Inc., 714-833-9001 |
