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AmNet Mortgage, Inc (AMNT) Message Board

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  • domoreresearch domoreresearch Sep 19, 2003 8:25 PM Flag

    Sound familiar ?

    I agree, when I do the math, I get the same number you do - $700MM funding in September. However, my $800 number is guided by Robbins comments in the 8/28/03 press release when he talked about the increasing ratio of closed loans to apps:
    "While average daily new loan applications declined from June to July, AmNet's ratio of closed loans increased significantly from June to July," Robbins noted. "A larger percentage of our rate locked loan pipeline should close as interest rates rise, because the borrower's loan is guaranteed at a more favorable rate than the current market."
    Anyway, we shall see when the numbers come out.

 
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