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Wilshire Repurchases $10 Million of Stock.(Wilshire Financial Services Group)(Brief Article)(Statistical Data Included)

Mortgage Servicing News

| February 01, 2002 | COPYRIGHT 2002 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Wilshire Financial Services Group, parent of a specialty servicer that focuses on "scratch and dent" loans, has announced the repurchase of about $10 million of its common stock.

The repurchase involved 4,168,854 shares of common stock at $2.40 per share. The shares were purchased from American Express Financial Advisors and represented AXP's entire interest in Wilshire's common stock.

The repurchase represented about 21% of ...

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