|
|
Article: Preferred Savings Bank announces restructuring of residential mortgage loan production and servicing functions.
- Article from:
- PR Newswire
- Article date:
- July 8, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
PREFERRED SAVINGS BANK ANNOUNCES RESTRUCTURING OF
RESIDENTIAL MORTGAGE LOAN PRODUCTION AND SERVICING FUNCTIONS
HIGH POINT, N.C., July 8 /PRNewswire/ -- Preferred Savings Bank (NASDAQ: PSLA) with Corporate offices in High Point, North Carolina has announced the restructuring of its residential mortgage loan production and servicing functions. The restructuring of the mortgage loan function has been necessitated by a change in generally accepted accounting principles which requires lenders to recognize loan income over the life of the loan. Previously, this income was recognized in the month the loan was closed. This deferral of loan origination ...
Related newspaper, magazine, and journal articles:
|
|
Article: Preferred Savings Bank Inc. reports income ...
PR Newswire;
January 28, 1991 ;
585 words
...PREFERRED SAVINGS BANK, INC. REPORTS INCOME FOR SECOND ... Jan. 28 /PRNewswire/ -- Preferred Savings Bank, Inc. (NASDAQ-NMS: PSLA ... Preferred are insured by the FDIC. Preferred Savings Bank has full service branches in High ...
|
|