TraderGreg,
Seeing it's within your realm of expertise, perhaps you might be able to
elaborate on the significance of the recent news release about LPS.
biz.yahoo.com
What sort of profit margin is involved for the companies involved in the
mortgage business ? After a company like the LPS subsidary pays the interest
rate for its capital borrowing, as well as wages, property leases, and other
overheads,what is usually left over for the company ? 0.5% ? Banks seem
to make a good living off this sort of activity...
I was trying to come up with ballpark figures, but not having a comprehensive
knowledge of the industry, it's a little difficult.
If LPS's 3000 member network sells 150K mortgages to say, 10 customers
each, and makes 0.5% on each one, then would they make $750 x 30,000, or
about $22,000,000 a year, or about $1 per share ? That's just a WAS (wild
assed guess), and I'd appreciate if you might be able to clarify the
sort of figures we might be actually dealing with.
Hope to get my investor's package and financial report soon, so things become
a little clearer. Any help in the meantime though, would be greatly appreciated.
Regards,
Durro |
