Transnational Financial Network Reports April Loan Production Activity
May 11 2005 - 7:33PM
Business Wire
Transnational Financial Network, Inc. (AMEX:TFN), a wholesale and
retail mortgage banking firm, released its April loan production
figures today. -0- *T Transnational Financial Network, Inc. Monthly
Loan Production ($ million) Trailing Trailing 3 month 6 month Nov
Dec Jan Feb Mar Apr Average Average ------ ------ ------ ------
------ ------ -------- -------- Wholesale $33.4 $30.2 $26.9 $28.8
$36.2 $31.7 $32.2 $31.2 Retail(1) $30.2 $22.8 $19.3 $26.1 $24.8
$19.6 $23.5 $23.8 ------ ------ ------ ------ ------ ------
-------- -------- Total $63.6 $53.0 $46.2 $54.9 $61.0 $51.3 $55.7
$55.0 (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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