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Non-Tech : Resource Bancshares Mortgage Group - RBMG
REMI 0.000300+50.0%Oct 31 9:30 AM EDT
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To: Wallace Rivers who wrote (9)1/7/1998 9:52:00 PM
From: Mark Allen  Read Replies (1) of 11
 
I bought in today. Looking for a fixed rate refi beneficiary with little prepayment risk. Since REMI sells loans, servicing released, this could be close to a pure refi boom play if management can avoid unwise moves like the Walsh blunder! Some risk exists due to "gain on sale" accounting when REMI subprime loans are securitized. This is not a material part of their business(yet). I sell loans to REMI and feel they know the conforming business fairly well. Good Luck !!
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