PSM Holdings, Inc. Announces April and May Loan Production Numbers Record Number of Loans Closed in May
ROSWELL, N.M., June 8, 2012 /PRNewswire/ -- PSM Holdings, Inc. (OTCBB: PSMH), is pleased to announce the loan production numbers for April and May, 2012. The company reports 233 closings occurred in April for a total of 44 million dollars. In May, the company closed 288 loans for a total of 49.7 million dollars. May represents a 23% increase in number of closed loans. The 288 loans is an all-time high for the company for any given month.
In addition, the company reports that year-to-date, the loan production consists of 51% new purchase and 49% refinance transactions. Of these transactions, 46% were closed through conventional loans and 54% were closed through government type loans. Jeffrey Smith, President of PrimeSource Mortgage, Inc., stated, "We are pleased with the overall numbers as May represented an all-time monthly high for the company. I am also very happy with the composition of our overall loan volume and believe the increasing new purchase transactions are reflective of an improving marketplace."
About PSM Holdings, Inc.
PSM Holdings, Inc., through its wholly owned subsidiary, PrimeSource Mortgage, Inc. (PSMI) provides mortgage brokerage and banking services across the United States. PSMI is currently licensed in many states across the United States, and oversees the operations of more than 20 branches. For more information, visit http://www.psmholdings.com.
Forward-Looking Statements: Certain statements contained herein, including, without limitation, statements containing the words "believes," "intends" and other words of similar import, constitute "forward-looking statements" within the meaning of Section 7A of Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include but are not limited to that we are in the process of furthering several of the key milestones we achieved last year and creating new growth opportunities for PSM Holdings, Inc. and its subsidiaries, and that we will continue to enter new projects and strategic partnerships in 2012. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of PSM Holdings, Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. PSM Holdings, Inc. disclaims any obligation to update or to announce publicly the results of any revision of the forward-looking statements contained or incorporated by reference herein to reflect future events or developments.
Ron W. Hanna, President and CEO
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SOURCE PSM Holdings, Inc.