Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: SSP who wrote (25702)	2/8/2000 11:18:00 AM
From: dexx	Respond to of 150070

AMRESCO, INC. (Nasdaq: AMMB) near 52 week low. Currently at 1 3/8. 52 week high of 11 1/8. News out yesterday... NEW YORK, Feb 7 (Reuters) - General Motors Corp.'s GMAC Commercial Mortgage Corp., with a $78.2 billion loan portfolio, was ranked the top U.S. commercial/multifamily loan servicer, the Mortgage Bankers Association of America (MBA) said Monday. In MBA's annual ranking of 143 commercial mortgage firms, AMRESCO Inc. <AMMB.O>, with a $46.9 billion servicing portfolio, placed second behind GMAC. Midland Loan Services Inc., a subsidiary of PNC Bank Corp. <PNC.N> with $45.4 billion, was placed third. The firms in the survey provide servicing on loans for third-party investors -- including life insurers, banks, thrifts, pension funds, federal agencies and commercial mortgage-backed securities. According to MBA, 115 of the firms in the survey, or 83 percent, showed higher commercial/multifamily mortgage servicing volume in 1999. The median increase in servicing was 12.7 percent. Ten firms reported servicing portfolios of $10 billion or more last year, down from 11 in 1998, MBA said. The servicing volume of the surveyed firms totaled about $500 billion, roughly a third of the commercial/multifamily mortgage debt outstanding at the end of 1999. ((-- U.S. Mortgage Desk, +1 212 859-1660 fax +212-859-1669, newyork.newsroom@reuters.com)) REUTERS