Washtenaw Group Inc. (TWHR/TWHR.PK) Wrap Up:

The Washtenaw Group, Inc. operates as the holding company for Washtenaw Mortgage Company, which engages in the origination, acquisition, sale, and servicing of mortgage loans in the United States. Its operations primarily involve wholesale, correspondent, and retail mortgage banking. The wholesale mortgage loan production involves the origination of loans by a network of independent mortgage brokers with funding provided directly by the company and the transfer of these loans to Washtenaw upon closing. Correspondent mortgage loan production occurs through the purchase of loans by the company from independent mortgage lenders, commercial banks, savings and loan associations, and other financi...