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  September 5, 2001
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Home > Company Index > Financial Services > Mortgage Banking & Related Services > PacificAmerica Money Center, Inc.

PacificAmerica Money Center, Inc.
OTC: PAMM
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 PROFILE
PacificAmerica Money Center, liquidated under Chapter 7 bankruptcy protection, was a mortgage banking holding company specializing in home equity mortgages secured by family homes. Subsidiary Pacific Thrift and Loan Company, which has been seized by regulators, originated and securitized loans and provided deposit services, including passbook savings, money market accounts, and investment certificates. Subsidiary PacificAmerica Centers was a licensed mortgage lender. The company sold its real estate foreclosure subsidiaries. PacificAmerica Money Center is owned by Wilshire Associates, a company headed by millionaire/space tourist, Dennis Tito.

 COMPETITION
Countrywide Credit Industries, Inc. (CCR)
GreenPoint Financial Corp. (GPT)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1998 Sales (mil.): 50.40
1-Yr. Sales Growth: (46.2)%
Employees: 640
Revenue per employee: $78,750.00

 KEY PEOPLE
• Joel R. Schultz
    CEO
• Charles J. Siegel
    CFO

 CONTACT INFO
21031 Ventura Blvd.
Woodland Hills, CA 91364
US
Phone: 818-992-8999
Fax: 818-593-5953

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