Hi Wally, I usually get the same response: no one around. But, there is email and the temporary IR guy, Gus, who I haven't yet had the chance to call or email...
Perhaps you, jdcpa, ERRAFF, Silver, or isoman can help me with this:
I'm trying to understand the net revenue situation in a mortgage co. (obviously, such as Realty - in this case). The early summer PR said that in 1997 Realty had $500M in closings. At the top-level, I'm trying to get to what the normal expected net revenue is from a mortgage op. like this.
What is their revenue stream from this $500M? Do they get a flat percentage (5%, 10%,) do they get paid for selling the mortgage to an after-market, do they get residuals: monthly, annually???
You guys get the picture. Can you explain this???
Obviously, where I'm going with this is to try and determine margins and possible nets for a realty co. that has $500M+ in overall closings, and of course, what this means to PRWT.
Thanks in advance for your help.
rm
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