Corporate Profile for IMC Mortgage Co., dated May 1, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: May 1, 1998
Company Name: IMC Mortgage Co.
Address: 5901 E. Fowler Ave.
Tampa, FL 33617
Main Telephone
Number: 813/984-8801
Internet Home
Page Address
(URL): www.imcmortgage.com
Chief Executive
Officer: George Nicholas, Chairman
Chief Operating
Officer: Thomas G. Middleton, President
Chief Financial
Officer: Stuart D. Marvin
Investor Relations
Contact: Jean Schwindt
Business number: 813/984-2515
Public Relations
Contact: Jean Schwindt
Business number: 813/984-2515
Trading Symbol/
Exchange: IMCC/NASDAQ
Industry: Consumer Finance - Mortgages
Market Makers: Bear Stearns; Keefe, Bruyette & Woods; Paine Webber
Company description: IMC (Internet Mail Consortium, Santa Cruz, CA, www.imc.org) An industry trade association founded in 1996 by Paul Hoffman and Dave Crocker that promotes Internet e-mail standards and features. Mortgage Co., headquartered in Tampa, was founded in 1993, and completed an initial public offering in June of 1996. The company is a specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. consumer finance company engaged in purchasing, originating, servicing and selling home equity loans secured primarily by first liens on one-to-four family residential properties. With operations throughout 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. , the company focuses on the non-conforming segment of the residential mortgage industry. As an active participant in the industry's recent consolidation, IMC completed eight acquisitions of other non-conforming mortgage A non-conforming mortgage is a term in the United States for a residential mortgage that does not conform to the loan purchasing guidelines set by the Federal National Mortgage Association /Federal Home Loan Mortgage Corporation (Fannie Mae and Freddie Mac). companies during 1997. Loan originations 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. have grown from $283 million for the year ended Dec. 31, 1994 to $5.9 billion for the year ended Dec. 31, 1997. The serviced loan portfolio was $7.0 billion at Dec. 31, 1997. Total revenues were $238.8 million with net income of $47.9 million for the year ended Dec. 31, 1997. The stock trades on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market System under the symbol IMCC IMCC International Marine Claims Conference (Marine insurance) IMCC Integrated Mission Control Center IMCC Item Management Control Code IMCC International Management Control Center (Sprint) . Past press releases by IMC can be obtained through the Internet at http://www.businesswire.com/cnn/imcc.htm CONTACT: IMC Mortgage Co. |
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