What a Great New Day for the Mortgage Business! Good timing for PSMH!
No doubt everyone knows the Fed cut the short term interest rate a full half point yesterday. Homeowners with Adjustable Rate Mortgages have been waiting for this opportunity to find permanent financing and at long last it is here!
PrimeSource Mortgage, Inc., a wholly owned subsidiary of PSM Holdings Inc, acts as an agent or broker for mortgage lenders in real estate mortgage loan transactions, and solicits and receives applications for secured loans. PSMH will close an estimated 200 million dollars in home loans in 2007.
PrimeSource Mortgage generates revenues by originating mortgage loans that are funded by more than 75 national lenders from whom they are able to obtain the most competitive rates available.
Chapman University economist Esmael Adibi said because the Federal Reserve rate is a benchmark for all short-term interest rates, a change is likely to be reflected in rates charged to holders of credit cards and adjustable-rate mortgages. They will be looking for permanent financing!
PrimeSource Mortgage is licensed in twenty-four states: Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Louisiana, Minnesota, Michigan, Missouri, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, South Dakota, Tennessee, Texas, and Wyoming.
This rate cut represents a great opportunity for PSMH. More soon on their move to the OTCBB!
PSM Holdings, Inc.
1112 North Main Street
Roswell, NM 88201
Phone: (505) 622-5113
Email: psmortg@aol.com
Website: http://www.psmholdings.com
Investor Contact
Ron Hanna
(505) 257-2339
Source: PSMH and Reuters
About PSMH: PSM Holdings, Inc., through its wholly owned subsidiary, PrimeSource Mortgage, Inc., offers mortgage brokerage and financial services. It acts as an agent or broker for mortgage lenders, as the lender or principal in loan transactions, as well as solicits and receives applications for secured and unsecured loans. As of May 12, 2006, it operated through 30 offices in New Mexico, Texas, Oklahoma, Colorado, Nevada, and Arizona. PSM Holdings was incorporated in 1991 and is based in Roswell, New Mexico.
Forward Looking Statement: This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of PSM Holdings Inc, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Disclosure: Pentony Enterprises LLC has been compensated $10,000 directly from the company for profile coverage. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
StockGuru.com is owned and operated by Pentony Enterprises LLC, 9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (469) 252-3030. Web: StockGuru.com. Email: Publisher@stockguru.com.
Primary SIC — Industry Classification 6163 – Loan brokers