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Microcap & Penny Stocks : AmeriResource Technologies (ARET)
ARET 0.00010000.0%Nov 5 1:03 PM EST
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To: articwarrior who wrote (2970)9/26/1998 7:55:00 PM
From: TsioKawe  Read Replies (1) of 7609
 
<<do you know if there are any contracts, quotes, or ongoing income producing work at this time?>>

First Americans Mortgage Corporation ( a subsidiary of ARET) SIGNED to Originate $10,000,000 of Oklahoma Native American Pilot Program for the Housing Authority of the Choctaw Nation of Oklahoma. The Program named Choctaw Homebuyers Advantage Program CHAP is the SECOND such commitment secured by First Americans Mortgage Corp.(FAMC)

Currently, First Americans is originating $10,000,000 commitment under this program with the Chickasaw Nation and other agencies.

FAMC has signed an agreement with the Choctaw Tribe to provide the opportunity to Purchase Homes. First Americans is ORIGINATING the loans, Freddie Mac is providing $10 Million with PMI Working to insure the Loans in conjunction with Washington Mutual.

Home ownership contribute two major principles toward improving the quality of life for Native Americans: Hope and Pride. First Americans as a Native American company has worked diligently over the last two years to nurture these principles throughout the Nations.

For more information contact the Choctaw Housing Authority at
580/326-7521 or 800/235-3087

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