WGHI - West Mark Group Holdings Message Board

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Microcap & Penny Stocks : WGHI - West Mark Group Holdings

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To: Willy who wrote (96)	2/12/1997 11:21:00 AM
From: Steven Cooper	of 255

Wednesday February 12 9:50 AM EDT 50% Increase in Per Loan Revenue Announced By Westmark Group Holdings, Inc. as Part of Multiple Loan Sale DELRAY BEACH, Fla., Feb. 12 /PRNewswire/ -- Westmark Group Holdings Inc announced today that through its subsidiary Westmark Mortgage Corporation, the completion of Bulk Loan sales of B-C non-conforming loans totaling $4.2 million to three (3) institutional investors. The largest sale was $2.9 million to The Money Store Inc . The other sales resulted in new relationships with additional B-C investors AAMES Financial Corp and National Capital Funding, Inc. Revenues totaled approximately $252,000 from the sales. Westmark Group Holdings, Inc., COO, Mark Schaftlein, stated: "Our revenue per loan increased by approximately 50% over the same corresponding period of 1996. The per loan yields are up roughly 200 basis points. Westmark Mortgage Corporation is a wholly owned subsidiary of Westmark Group Holdings, Inc. SOURCE Westmark Group Holdings, Inc.

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