Las Vegas, NV -- (SBWIRE) -- 10/29/2013 -- Municipal Mortgage & Equity, LLC (OTCMKTS:MMAB) declared the financial reports whereby it announced its annual data after publicizing the quarter financial reports a week earlier. The company earned annual revenues of $80.59 million.
Municipal has experienced increase in its revenues over last three years. The annual revenues were $76.97 million in 2011 and $36.66 million at the end of year 2010. The net income of the company has however decreased. The net profit of the year ended December 31, 2012 is $3.11 million.
Municipal Mortgage & Equity, LLC (MuniMae) deals in tax exempted bonds and is involved in financing rental housing for multi families. The services are housing, student housing and senior housing at affordable prices. Income of company bonds are based on real estate performance. LLC bond portfolio has leverage and cash earned pays interest.
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