Transnational Financial Network Reports July Loan Production Activity
12 August 2005 - 3:41AM
Business Wire
Transnational Financial Network, Inc. (AMEX:TFN), a wholesale and
retail mortgage banking firm, released its July loan production
figures today. -0- *T Transnational Financial Network, Inc. Monthly
Loan Production ($ million) Trailing Trailing 3 month 6 month Feb
Mar Apr May Jun Jul Average Average ----- ----- ----- ----- -----
----- -------- -------- Wholesale $28.8 $36.2 $31.7 $42.0 $54.7
$33.3 $43.3 $37.8 Retail(1) $26.1 $24.8 $19.6 $25.2 $26.9 $26.9
$26.3 $24.9 ----- ----- ----- ----- ----- ----- -------- --------
Total $54.9 $61.0 $51.3 $67.2 $81.6 $60.2 $69.6 $62.7 (1) Excluding
production from Net Branches *T Transnational Financial Network,
Inc. is a wholesale and retail mortgage banker that originates,
funds and sells mortgage loans secured by one to four family
residential properties. Through its strong sales and broker service
programs, the Company has built a foundation for growth and
expansion, principally in the markets of Northern California,
Southern California and Arizona. This News Release may contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, and Section 21E of the Securities
Exchange Act of 1934. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations will
prove correct.
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