Shearson Financial Network, Inc. (SHSNQ/SHSNQ.PK) Wrap Up:

Shearson Financial Network, Inc. operates as a direct-to-consumer mortgage broker and banker in the United States. It originates mortgage loans and home equity loans. The company’s products include Conforming Mortgage products, which are adjustable and fixed rate loan programs; Alt A Mortgage products for institutional investors; Second Mortgage Program, a fixed rate amortizing and fixed rate with a balloon payment programs; JUMBO Loans, a adjustable and fixed rate loan program for loans that exceed the loan limits set by the FNMA and the FHLMC; and Non-Conforming loans, which are fixed rate first mortgage loans that are amortized over a fifteen or thirty-year period. As of December 31, 2006...