Okey Dokey Cowboy.....
From AMFA 2008 LM-2 report in which they paid Delle his astronomical sum....look at the starting and ending assets. They were loosing money yet still piad the director half a million in salary. Whats more, they continued to purchase home loans as an investment. We all know now that mortgage baked securities was a really bad idea.
STATEMENT A - ASSETS AND LIABILITIES FILE NUMBER: 000-302
ASSETS ASSETS Schedule
Number Start of Reporting Period
(A) End of Reporting Period
( B) 22. Cash $623,806 $126,720 23. Accounts Receivable 1 $1,220,289 $507,941 24. Loans Receivable 2 $0 $0 25. U.S. Treasury Securities $0 $0 26. Investments 5 $0 $593,113 27. Fixed Assets 6 $92,011 $59,853 28. Other Assets 7 $38,308 $14,251 29. TOTAL ASSETS
$1,974,414 $1,301,878
LIABILITIES LIABILITIES Schedule
Number Start of Reporting Period
(A) End of Reporting Period
( B) 30. Accounts Payable 8 $621,934 $309,814 31. Loans Payable 9 $8,667 $184,694 32. Mortgages Payable $0 $0 33. Other Liabilities 10 $609,791 $1,286,803 34. TOTAL LIABILITIES $1,240,392 $1,781,311 35. NET ASSETS
$734,022 -$479,433
SCHEDULE 3 - SALE OF INVESTMENTS AND FIXED ASSETS FILE NUMBER: 000-302
Description (if land or buildings give location)
(A) Cost
( B) Book Value
© Gross Sales Price
(D) Amount Received
(E) Total of all lines $534,421 $534,421 $494,281 $490,814 Citicorp Mortgage Securities Trust Series 2006-7 $3,085 $3,085 $3,085 $3,085 Banc Amer Alternative Ln Tr Series 2006-9 $8,029 $8,029 $8,029 $8,029 Federal Home Loan Mortgage Corp Series 3319 $100,369 $100,369 $90,876 $90,876 Gov't National Mortgage Assn Series 2008-44 $23,590 $23,590 $20,443 $20,443 Gov't national Mortgage Assn Series 2008-44 $69,475 $69,475 $66,327 $66,327 Federal National Mortgage Assn Series 2008-35 $100,163 $100,163 $91,257 $91,257 Wells Fargo Mortgage Backed Series 2007-10 $6,101 $6,101 $6,101 $6,101 Wells Fargo Mortgage Backed Series 2006-11 $7,255 $7,255 $7,255 $7,255 CHL Mortgage Pass-Through Tr Series 2006-21 $2,031 $2,031 $2,031 $2,031 Bank of America Mortgage Series 2007-3 $875 $875 $875 $875 Freddie Mac CMO/Series 2781 $47,612 $47,612 $47,612 $44,145 Citicorp Mortgage Securities Trst Series 2006-7 $3,085 $3,085 $3,085 $3,085 Banc Amer Alternative Ln Tr Series 2006-9 $5,353 $5,353 $5,353 $5,353 Federal Home Loan Mortgage Series 3319 $100,369 $100,369 $89,376 $89,376 Federal National Mortgage Assn Series 2008-35 $50,081 $50,081 $45,628 $45,628 Wells Fargo Mortgage Bkd Sec Series 2006-10 $4,950 $4,950 $4,950 $4,950 Wells Fargo Mortgage Bkd sec Series 2006-11 $1,998 $1,998 $1,998 $1,998 14. Less Reinvestments $0 (Net Sales total will automatically entered in Item 43) 15. Net Sales $490,814 Form LM-2 (Revised 2003)
SCHEDULE 4 - PURCHASE OF INVESTMENTS AND FIXED ASSETS FILE NUMBER: 000-302
Description (if land or buildings, give location)
(A) Cost
( B) Book Value
© Cash Paid
(D) Total of all lines $1,197,836 $1,197,836 $1,197,836 Citicorp Mortgage Securities Trust Series 2006-7 $40,926 $40,926 $40,926 Banc Amer Alternative Ln Tr Series 2006-9 $96,347 $96,347 $96,347 Federal Home Loan Mortgage Corp Series 3319 $100,368 $100,368 $100,368 Gov't National Mortgage Assn Series 2008-44-DA $89,918 $89,918 $89,918 Federal National Mortgage Assn Series 2008-35 $100,163 $100,163 $100,163 Freddie Mac CMO/Series 2781 $47,612 $47,612 $47,612 Wells Fargo Mortgage Backed Sec Series 2007-10 $145,653 $145,653 $145,653 Wells Fargo Mortgage Backed Sec Series 2006-11 $116,686 $116,686 $116,686 CHL Mortgage Pass-Through Tr Series 2006-21 $28,328 $28,328 $28,328 Bank of America Mortgage Sec Series 2007-3 $19,449 $19,449 $19,449 Federal Home Loan Mortgage Corp Series 2898 $6,772 $6,772 $6,772 Citicorp Mortgage Securities Trust Series 2006-7 $40,926 $40,926 $40,926 Banc Amer Alternative Ln Tr Series 2006-9 $64,233 $64,233 $64,233 Federal Home Loan Mortgage Corp Series 3319 $100,368 $100,368 $100,368 Federal National Mortgage Assn Series 2008-35 $50,081 $50,081 $50,081 Wells Fargo Mortgage Backed Sec Series 2007-10 $118,203 $118,203 $118,203 Wells Fargo Mortgage Backed Sec Series 2007-11 $31,803 $31,803 $31,803 14. Less Reinvestments $0 (Net Purchases total will automatically entered in Item 60) 15. Net Purchases $1,197,836 Form LM-2 (Revised 2003)
SCHEDULE 5 - INVESTMENTS FILE NUMBER: 000-302
Description
(A) Amount
( B) Marketable Securities 1.
Total Cost $666,565 2.
Total Book Value $593,113 3. List each marketable security which has a book value over $5000 and exceeds 5% of Line 2.
- Bank of America Mortgage Sec Series 2005-5
$5,190
- Banc Amer Alt Loan Trust Series 2005-6
$5,867
- Wells Fargo Mortgage Backed Sec Series 2006-11
$108,516
- Citicorp Mortgage Securities Trust Series 2006-7
$29,740
- Banc Amer Alternative Loan Trust Series 2006-9
$73,880
- CHL Mortgage Pass-Through Tr Series 2006-21
$22,829
- Wells Fargo Mortgage Backed Sec Series 2007-10
$117,566
- Bank of America Mortgage Sec Series 2007-3
$14,923
- Federal Home Loan Mortgage Corp Series 2898
$6,886
- Wells Fargo Mortgage Backed Sec Series 2006-11
$29,547
- Citicorp Mortgage Securities Trust Series 2006-7
$29,739
- Banc Amer Alternative Loan Trust Series 2006-9
$49,254
- Wells Fargo Mortgage Backed Sec Series 2007-10
$95,396 Other Investments 4. Total Cost $0 5. Total Book Value $0 6. List each other investment which has a book value over $5000, of Line 5. Also list each Trust which is an investment.
$0
7. Total of Lines 2 and 5 (Total will be automatically entered in Item 26, Column( B)) $593,113
Form LM-2 (Revised 2003)
Olivio V Delle-Femine
Director
P $558,494 $0 $1,900 $0 $560,394 I Schedule 15
Representational Activities 50 % Schedule 16
Political Activities and Lobbying % Schedule 17
Contributions % Schedule 18
General Overhead 10 % Schedule 19
Administration 40 % A
B
C Steve MacFarlan
Assistant Director
C $119,783 $0 $4,581 $0 $124,36