American Premium Water Corp. (HIPH)

[fanglemeister]

More due diligence to add here:

http://www.city-data.com/city/Bal-Harbour-Florida.html

Search for "Home Mortgage Disclosure Act Aggregated Statistics For Year 2007" near bottom of page. These are the newest/latest numbers available. That said,

Keeping in mind Bal Harbour is a small community with just over 3,000 residents...Statistics for home loan origination Market in Bal Harbour area: (loans originated x average value):

Conventionals: 164 x $577k

Refis: 68 x $478k

Home Improvs: 8 x $345k

Non-occupants: 105 x $561k

Total originations: 345

Total Dollars of home mortgage loan originations in Bal Harbour for 2007: $188,797,000.

Recall from last post about Aventura, the Total Dollars of loan originations in Aventura for 2007: $962,700,000.

That makes a grand total, 2007 originations from inside Expert's immediate service area, of $1,151,497,000.

Expert's goal: fulfill the lion's share of the area's mortgage originations.

My take on the local market for 2009/2010:

New home starts have no bearing, this area has been fully developed for many years. Prices of existing properties may be down, but demand is now at an all-time high since 2007, government incentives and attractive wholesaler prices are keeping the LOAN market Expert works in, moving forward.