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  September 5, 2001
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Home > Company Index > Financial Services > Mortgage Banking & Related Services > PMCC Financial Corp.

PMCC Financial Corp.
OTC: PMCF
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 PROFILE
PMCC Financial is building a new game plan. Through subsidiary PMCC Mortgage, the company offers wholesale mortgage banking services. The company is de-emphasizing its retail mortgate loan operations, but it continues to service its loans. Robert Friedman stepped down as chairman after his arrest on charges of FHA fraud. During the investigation, the American Stock Exchange suspended PMCC's stock trading (it has since delisted the company), and the Federal Home Loan Mortgage Corp. blocked PMCC from using its automated underwriting system. Other problems have followed, including a reorganization of management, employee downsizing, and retail branch closures.

 COMPETITION
BNC Mortgage, Inc. (dossier)
New Century Financial Corporation (NCEN)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 19.70
1-Yr. Sales Growth: (62.6)%
Employees: 43
Revenue per employee: $458,139.53

 KEY PEOPLE
• Andrew Soskin
    CEO
• Stephen J. Mayer
    CFO

 CONTACT INFO
1767 Morris Avenue
Union , NJ 07083
US
Phone: 908-687-2000
Fax: 908-687-7464

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