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Non-Tech : Resource Bancshares Mortgage Group - RBMG -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (9)	1/7/1998 9:52:00 PM
From: Mark Allen	Read Replies (1) \| Respond to of 11

I bought in today. Looking for a fixed rate refi beneficiary with little prepayment risk. Since REMI sells loans, servicing released, this could be close to a pure refi boom play if management can avoid unwise moves like the Walsh blunder! Some risk exists due to "gain on sale" accounting when REMI subprime loans are securitized. This is not a material part of their business(yet). I sell loans to REMI and feel they know the conforming business fairly well. Good Luck !!