PSMH News PSM Holdings, Inc. Announces June Loa

ROSWELL, N.M., July 18, 2012 /PRNewswire/ -- PSM Holdings, Inc. (OTCBB: PSMH) is pleased to announce the loan production numbers for June, 2012. The company reports 342 actual closings in June for a total volume of just over $57 million dollars. This reflects a 15% increase, or almost $8 Million dollars over last month's previous record of $49.7 million.

In addition, the company reports that year-to-date, the loan production consists of 51% new purchase and 49% refinance transactions. Of these transactions, 44% were closed through conventional loans and 56% were closed through government type loans. Jeffrey Smith, President of PrimeSource Mortgage, Inc., stated, "We are pleased with the overall numbers as June represented another all-time monthly high for the company. I am also encouraged with the composition of our overall loan volume and strong purchase business in the marketplace."