CORRECTING and REPLACING Principal Residential Mortgage Expands Wholesale Coverage of Western Territory.Business Editors CORRECTION...by Prinicpal Residential DES MOINES Des Moines, city, United States Des Moines (dĭ moin`), city (1990 pop. 193,187), state capital and seat of Polk co., S central Iowa, at the junction of the Des Moines and Raccoon rivers; inc. , Iowa--(BUSINESS WIRE)--Nov. 13, 2003 In BW5341 issued Nov. 13, 2003: Eighth graph, first sentence of release should read: Principal Residential Mortgage, Inc., is a full-service mortgage company currently servicing more than $117.8 billion in residential mortgage loans for homeowners across the country (sted $72 billion). The corrected release reads: PRINCIPAL RESIDENTIAL MORTGAGE EXPANDS WHOLESALE COVERAGE OF WESTERN TERRITORY More than ever before, Principal Residential Mortgage is at home on the range. Principal Residential Mortgage, Inc. - the residential mortgage company of the Principal Financial Group(R) - has announced a major expansion in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century , including new wholesale lending offices opening in Portland and Phoenix in the first quarter of 2004. Four senior staff members are leading the charge to serve brokers in 12 western states. Katherine Gardner, regional vice president - Wholesale, has responsibility for the entire Western Region. A nine-year mortgage banking veteran, Gardner was formerly Regional Director - Denver for Principal Residential Mortgage's Wholesale channel. She will continue to be based in Boulder, Colo. "It's a tremendously exciting time to be in the mortgage business because we've set aggressive goals for achieving continued growth in our wholesale lending operations despite the drop off in refinance activity," Gardner said. "We have an outstanding team of professionals who are excited to bring a whole new level of service to brokers in this new territory, backed by the exceptional range of products offered by Principal Residential Mortgage." Tom Malloy, an elite account executive for Principal Residential Mortgage, has been promoted to replace Gardner as Regional Director - Denver serving brokers in Colo., Utah, Wyo., Mont., Idaho, Calif., and Wash. Tom joined Principal Residential Mortgage in 2000. In 2001, he was named to Top Producer Club, and the following year, named a Top Producer- Elite, an honor reserved for the top 10 percent of account executives. He previously logged seven years of experience at Cherry Creek Cherry Creek may refer to:
Sue Hall has been named Regional Director for the new Phoenix office of Principal Residential Mortgage, serving brokers in Ariz., N.M., and Nev. With more than 15 years' experience in mortgage lending, most recently as a branch manager with Capitol Commerce, Hall brings a wealth of knowledge and expertise to this new position. The Phoenix office will open during the first quarter of 2004, with location and phone number to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. . Tom Tough, another highly respected mortgage banking professional with 15-plus years of experience, has been named Regional Director for Principal Residential Mortgage's new Portland office, serving brokers in Ore., and parts of Wash., and Idaho. Tough was previously responsible for sales, operations and underwriting with Radian ra·di·an n. Abbr. rad A unit of angular measure equal to the angle subtended at the center of a circle by an arc equal in length to the radius of the circle. , Provident and Capitol Commerce. The Portland office will also open during the first quarter of 2004. To contact the Boulder, Colo., office: Historical Highland Building, 885 Arapahoe Avenue, Boulder, CO 80302; telephone 303-983-0260. To contact the Denver, Colo., office: 350 Interlocken Blvd., Suite 280, Broomfield, CO 80021; telephone 877-841-9906. Principal Residential Mortgage, Inc., is a full-service mortgage company currently servicing more than $117.8 billion in residential mortgage loans for homeowners across the country. About the Principal Financial Group The Principal Financial Group(R)(The Principal (R))(1) is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance and mortgage banking through its diverse family of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. companies. More employers choose the Principal Financial Group for their 401(k) plans than any other bank, mutual fund, or insurance company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. (2). A member of the Fortune 500, the Principal Financial Group has $134.8 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. (3) and serves some 14.8 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors PFG PFG Principal Financial Group PFG Performance Food Group (Richmond, VA) PFG Pinnacle Financial Group PFG Plasma Flood Gun PFG Planning for Growth PFG Pasty Faced Geek PFG Perfluoroguanidine . For more information, visit www.principal.com. (1) "The Principal Financial Group" and "The Principal" are registered trademarks referring to Principal Financial Group, Inc. (2) CFO See Chief Financial Officer. Magazine, April/May 2003, based on total plans served in 2002 by insurance companies, banks and investment firms. (3) As of September 30, 2003 |
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