| Ticker: MTXC | 1380 Lawrence Street, Suite 1410 | |
| Exchange: NASDAQ-National Market | Denver, Colorado 80204 | |
| Industry: Financial | (303) 595-9898 |
| Type of Shares: | Common Shares | Filing Date: | 8/15/96 | |
| U.S. Shares: | 1,750,000 | Offer Date: | 10/18/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 1,750,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.70 | |
| Offering Amount: | $17,500,000 | Selling: | $0.40 | |
| Expenses: | $450,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,638,939 |
| Manager | Tier | Phone |
| Piper Jaffray Incorporated | Lead Manager | (612) 342-6000 |
| Keefe, Bruyette & Woods, Inc. | Co-manager | (212) 323-8300 |
| Peacock, Hislop, Staley & Given, Inc. | Co-manager |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $23.36 | $11.60 | $10.28 | Assets: | $204.24 |
| Net Income: | $3.56 | $1.24 | $1.55 | Liabilities: | $193.67 |
| EPS: | $0.91 | $0.32 | $0.40 | Equity: | $10.58 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a specialized financial services company that, through its Subsidiaries, focuses on mortgage merchant banking by purchasing and selling residential mortgage loans and residential mortgage servicing rights. The company also focuses on offering brokerage, consulting and analytical services to other financial services companies and financial institutions; servicing residential mortgage portfolios for investors; originating residential mortgages; and providing real estate management and disposition service. The company believes that its structure of combining a mortgage banking firm, a mortgage servicing brokerage and consulting firm, a federally chartered banking institution and a real estate management and disposition firm is unique to the financial services industry. This unique structure creates revenue enhancing relationships among the Subsidiaries. The company is a broker of mortgage servicing rights serving a nationwide client base and in 1995 brokered the sale of mortgage loan servicing portfolios totaling $32.6 billion in outstanding principal balances. As a result of this volume of brokerage activity, the company has access to a wide array of information relating to the mortgage banking industry, including emerging market trends, prevailing market prices, pending regulatory changes and changes in levels of supply and demand. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to reduce the balances outstanding on certain of the company's revolving line of credit facilities. |
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