Tidalwave Holdings Inc. Symbol: TDWV Recent Price: $.075 52 Week Range: .061 - .290 Tidalwave Holding's Investment Mortgage Bank Signs Agreements With Two Divisions of Lehman Brothers Super Jumbo Loans to $4 million - Funded In House by Tidalwave/FAMS FT LAUDERDALE, Fla., - Tidalwave Holdings Inc. (OTC Bulletin Board: TDWV announced that the Credit Committees for Lehman Brothers Bank, FSB (NYSE) and Lehman's Mortgage Conduit, has reviewed and approved Tidalwave Holdings Investment Mortgage Banking subsidiary First American Mortgage Securities, Inc. (FAMS) to be able to fund in house, super jumbo loans up to $4 million by executing agreements that establishes a Correspondent Lender relationship between the Lehman divisions and FAMS. Tidalwave President Leon Kline stated, ``The correspondent relationship with Lehman Brothers, one of the most respected firms on Wall Street, provides Tidalwave/FAMS the ability to underwrite stated income and limited doc loans with balances to $4 million dollars per transaction. Tidalwave is currently adapting its automated underwriting and loan tracking systems to handle jumbo and super jumbo loans. (Jumbo and Super Jumbo loans are mortgages above the $275,000 Fannie Mae and Freddie Mac loan limit.) Mr. Kline continued, ''The Lehman Approval is an excellent indication of the integrity and status FAMS has earned as a mortgage conduit``. FAMS will make available the Lehman Jumbo and Super Jumbo programs to its growing client base of banks, credit unions, finance companies and mortgage brokers/bankers on February 12th, and will set up a ``Private Banking Center'' that will offer high net worth individuals an online automated origination platform that will offer a full range of custom loan products, geared to borrowers who may not want to provide income verification or documentation. Detailed information about Tidalwave Holdings Inc. (TDWV) may be obtained on-line at various financial web sites. DISCLAIMER: "The Track Record" is an independent electronic publication providing information on selected companies. All statements and expressions are not meant to be either investment advice or a solicitation or recommendation to buy, sell, or hold securities. Readers should not rely solely on the information contained in this publication, but should consult with their own independent tax, business and financial advisors with respect to any investment opportunity, including any contemplated investment in the advertised Company. There has been no fee received or contemplated for the circulation of the above information. The publisher and/or its affiliates may buy or sell shares of TDWV at any time. REMOVAL INSTRUCTIONS: Double click on the following link to be excluded from further communication. mailto:whpost15 at us.sina.com?subject=delete-TD ++ Ascend Users Mailing List ++ To unsubscribe: send unsubscribe to ascend-users-request at bungi.com To get FAQ'd: <http://www.nealis.net/ascend/faq>