| Business Summary | | America's
Senior
Financial
Services
Inc.,
along
with
its
wholly
owned
subsidiaries,
Dow
Guarantee
Corp.
and
Jupiter
Mortgage
Corporation,
is
a
licensed
mortgage
lender
active
in
originating,
processing
and
obtaining
funding
for
forward
and
reverse
mortgage
loans
secured
by
single
family
residences
which
are
funded
by
financial
institutions
or
independent
investors.
The
Company
receives
income
from
two
sources
in
connection
with
its
mortgage
lending
activities.
The
Company
charges
certain
non-refundable
mortgage
application
fees
to
potential
borrowers.
Additionally,
upon
closing
a
loan,
the
Company
receives
additional
fees
payable
by
the
borrower
or
investor,
which
fees
are
based
upon
a
percentage
of
the
loan
and/or
the
interest
rates
charged. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AMSE
is
a
licensed
mortgage
lender
engaged
in
originating,
processing
and
obtaining
funding
for
forward
and
reverse
mortgage
loans
secured
by
single
family
residences.
For
the
six
months
ended
6/30/01,
revenues
rose
10%
to
$3.7
million.
Net
loss
before
extraordinary
item
fell
53%
to
$531
thousand.
Revenues
reflect
sales
increases
in
the
forward
mortgage
origination
platform.
Lower
loss
reflects
an
improvement
in
operating
margins
partially
due
to
the
ongoing
consolidation
strategy. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Nelson Locke, 49 Chairman,
Pres and Treasurer | $63K | Charles Kluck, 55 Director,
Pres of Dow | -- | Cheryl Locke, 43 Exec.
VP- Personnel, Director | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|