PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Nov 28 9:30 AM EST

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To: ROSARIO who wrote (9503)	7/28/1998 7:30:00 PM
From: goldcoin	Read Replies (2) of 43774

500 million in closings sounds impressive, I would be interested to know their actual net earnings to the company. If they were discounting up-front fees to the borrower to obtain the fees on the back-end upon the sale of the loan, or cutting the interest rate and loosing the fees on the back-end to get the up-front fees...it can be deceiving what a mortgage company's actual bottom line is when analyzing profits only by the dollar amount in closings. Being in business for ten years is a plus, if it has been a profitable ten years. If you are using the being licensed in 10 states as a gauge....well, I wouldn't. In most states, becoming licensed to do business as a mortgage company is about as difficult as becoming a notary. Hmmmm...back to the books, looks like it is time to do more DD. I wonder if the mortgage company earnings are available. Does anyone know?

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