| Business Summary | | PMCC
Financial
Corp.
is
a
specialty
consumer
financial
services
company
that
provides
a
broad
array
of
residential
mortgage
products
to
primarily
prime
credit
borrowers
seeking
conventional
or
FHA/VA
loans.
The
Company
is
a
holding
company
that
conducts
all
of
its
business
through
its
wholly
owned
subsidiary,
PMCC
Mortgage
Corp.
(PMCC).
The
Company
originates
residential
first
mortgages
on
a
retail
basis
primarily
in
New
York
and
New
Jersey
by
a
staff
of
experienced
retail
loan
officers
who
obtain
customers
through
referrals
from
local
real
estate
agents,
builders,
accountants,
financial
planners
and
attorneys,
as
well
as
from
direct
customer
contact
via
advertising,
direct
mail
and
promotional
materials. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PMCC
Financial
Corporation
is
a
specialty
consumer
financial
services
company
providing
a
broad
array
of
residential
mortgage
products.
For
the
three
months
ended
3/31/01,
revenues
decreased
92%
to
$962
thousand.
Net
loss
fell
69%
to
$494
thousand.
Revenues
reflect
a
decrease
in
the
number
of
residential
rehabilitation
properties
sold
and
decreased
mortgage
loan
originations.
Lower
loss
reflects
the
absence
of
$9.5
million
in
costs
of
property
sales. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Stanley Kreitman, 68 Chairman | -- | Andrew Soskin, 35 Interim
Pres, CEO, Director | $434K | Stephen Mayer, 47 Exec.
VP, CFO, Sec. | -- | 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
|
|