```

                                                                                               December 31,   September 30,
                                                                                                   2002          2002
                                                                                               ------------    ------------
                                                                                               (unaudited)

ASSETS

Cash                                                                                           $    327,538    $    258,562
Certificates of deposit                                                                             120,000             --
Real estate held for sale                                                                         6,221,587       6,221,587
Mortgage loans held for sale, net                                                               113,963,799     124,042,286
Property and equipment, net                                                                       1,584,513       1,264,439
Mortgage Fees Receivable                                                                          2,308,985       3,982,001
Investment securitites                                                                            1,092,141              --
Due from related party                                                                                   --           9,037
Goodwill, net                                                                                     3,504,716       3,504,716
Deferred income tax benefit                                                                       2,100,000       2,500,000
Other assets                                                                                        146,355         418,368
                                                                                                ------------    ------------
         Total assets                                                                          $131,369,634    $142,200,996
                                                                                                ============    ============
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
    Accounts payable and accrued expenses                                                      $  1,858,480    $  3,825,398
    Accrued interest payable                                                                             --         272,636
    Notes payable - warehouse line                                                              115,556,772     125,767,938
    Due to related parties and stockholders                                                       4,375,000       3,825,000
                                                                                               ------------    ------------
         Total liabilities                                                                      121,790,252     133,690,972
                                                                                               ------------    ------------
Commitments and contingencies

Stockholders' equity (deficit):
    Preferred series B convertible stock, 2,000,000 shares authorized, 0 Shares and
    1,650,000 shares issued and outstanding at December 31, 2002 and September 2002                     --     1,650,000
    Common stock, no par value, 800,000,000 shares authorized, 33,576,466 and 33,677,306 shares
    issued and outstanding at December 31, 2002 and September 30, 2002, respectively
    Additional paid in capital                                                                   12,245,821     10,200,390
    Accumulated earnings (deficit)                                                               (2,666,439)    (3,340,366)
                                                                                               ------------    ------------
                                                                                                  9,579,382      8,510,024
    Less: Subscriptions receivable                                                                       --             --
                                                                                               ------------    ------------
        Total stockholders' equity                                                                9,579,382      8,510,024
                                                                                               ------------    ------------
        Total liabilities and stockholders' equity                                             $131,369,634   $142,200,996
                                                                                               ============    ============
```

```

                                                                                                                    (a)
                                                                                          Three Months          Three Months
                                                                                             Ended                 Ended
                                                                                          December 31,          December 31,
                                                                                              2002                 2001
                                                                                          -------------         -------------

Revenue:
     Mortgage Brokerage services                                                          $  8,683,283          $  5,553,946
     Other ordinary income                                                                     641,986                    --
                                                                                          ------------          ------------
          Total revenue                                                                      9,325,269             5,553,946
                                                                                          ------------          ------------
Operating expenses:
     Broker commissions                                                                      1,820,075             1,167,281
     Salaries and employee benefits                                                          2,615,399             1,448,799
     General and administrative                                                              3,261,337             2,105,620
     Professional expenses                                                                      83,812                94,731
     Rent expense                                                                              308,103               193,705
     Amortization of goodwill                                                                       --                 2,417
     Property taxes                                                                                 --               (45,358)
     Depreciation and amortization                                                              57,642                36,993
                                                                                          ------------          ------------
          Total operating expenses                                                           8,146,368             5,004,188
                                                                                          ------------          ------------
Operating profit (loss)                                                                      1,178,901               549,758

Other expense (income):
     Interest income                                                                               --               (288,085)
     Other income                                                                                  --               (179,850)
     Interest expense                                                                          104,974               197,051
                                                                                          ------------          ------------
                                                                                               104,974              (270,884)

                                                                                          ------------          ------------
Income before income taxes                                                                   1,073,927               820,642
Income taxes                                                                                  (400,000)              (96,000)
                                                                                          ------------          ------------
Net income                                                                                $    673,927          $    724,642
                                                                                          ============          ============
Basic earnings per share                                                                  $       0.02          $       0.03
                                                                                          ============          ============
Diluted earnings per share                                                                $       0.02          $       0.03
                                                                                          ============          ============
Weighted average shares outstanding - basic                                                 31,528,846            25,052,432
                                                                                          ============          ============
Weighted average shares outstanding - diluted                                               36,228,846            25,053,432
                                                                                          ============          ============
```

```

                                                                                       Additional
                                                Common Stock         Preferred Stock     Paid-in         Accumulated
                                             Shares     Amount    Shares   Amount        Capital           Earnings        Total
                                          -----------  --------  -------  -----------  -----------    ---------------  -------------

Balance at September 30, 2002             33,677,306  $      --       --  $ 1,650,000  $10,200,390    $ (3,340,366)     $  8,510,024

Common stock issued in connection with
repricing agreement on UCMC acquisition      121,303         --       --           --           --              --                --

Common stock issued on preferred
stock conversion                           1,900,627         --       --   (1,650,000)   1,650,000              --                --

Common stock issued in settlement
of debt                                      177,240         --       --           --      395,431              --           395,431

Common stock cancelled in satisfaction
of collateral for note                    (2,400,000)        --       --           --          --               --                --

Common stock issued in payment
of services                                  100,000         --       --           --          --               --                --

Net income                                        --         --       --           --          --         673,927           673,927
                                          ----------   --------   -------   --------- ------------    ------------     -------------
Balance at December 31, 2002              33,576,476  $      --        -- $        --  $12,245,821    $ (2,666,439)    $   9,579,382
                                          ==========   ========  ========  ==========  ===========    ============     =============
```

```

                                                                               Three Months         Three Months
                                                                                   Ended                Ended
                                                                                December 31,         December 31,
                                                                                    2002                 2001
                                                                              ---------------       ---------------

Cash Flows from Operating Activities:
  Net income                                                                 $     673,927         $     724,642
  Adjustments:
   Depreciation and amortization                                                    57,642                39,410
      Changes in:
     Income tax asset                                                              400,000                96,000
     Accounts receivable                                                         1,673,016               168,390
     Mortgage loans held for sale                                               10,078,487           (26,739,614)
     Investment securities                                                      (1,092,141)                   --
     Due from related party                                                          9,037               (25,209)
     Other assets                                                                  272,013               178,019
     Accounts payable and accrued expenses                                      (1,966,918)              (78,816)
     Accrued interest payable                                                     (272,636)             (348,163)
                                                                              ------------           ------------
Net cash provided by (used in) operating activities                              9,832,427           (25,985,341)
                                                                              ------------           ------------
Cash Flows from Investing Activities:
   Purchase of property and equipment                                             (377,716)             (174,752)
                                                                               ------------         ------------
Net cash provided by (used in) investing activities                               (377,716)             (174,752)
                                                                              ------------          ------------

Cash Flows from Financing Activities:
   Proceeds from issuance of notes payable                                              --            26,004,720
   Repayment of notes payable                                                  (10,211,166)                   --
   Increase in additional paid in capital                                          395,431             1,389,414
   Increase in amounts due to related parties                                      550,000                77,140
                                                                              ------------          ------------
Net cash provided by financing activities                                       (9,265,735)           27,471,274
                                                                              ------------          ------------

Net increase in cash                                                               188,976             1,311,181
Cash, at beginning of the period                                                   258,562               850,665
                                                                              ------------          ------------

Cash, at end of the period                                                    $    447,538          $  2,161,846
                                                                              ============          ============
```

```

                                                                                           Three Months        Three Months
                                                                                               Ended               Ended
                                                                                           December 31,        December 31,
                                                                                               2002                2001
                                                                                          ---------------    ---------------

Supplemental disclosures of cash flow information:
   Cash paid during the period for interest                                               $       104,974    $       197,051
```

```

        Land and real estate held for sale          $ 6,221,587
                                                    -----------
                                                    $ 6,221,587
                                                    ===========
```

```

Prepaid expenses                                                $  176,015
Deposits                                                           138,181
Other                                                             (167,841)
                                                                ----------
                                                               $   146,355
                                                                ==========
```

```

                                     Mortgage        Real Estate
                                    Brokerage           Sales          Corporate          Total
                                  -------------     -------------    -------------    -------------

Revenues                          $   9,325,269     $         --     $         --     $   9,325,269

Operating profit (loss)           $   1,302,915     $    (10,026)    $   (113,988)    $   1,178,901

Depreciation and amortization     $      57,642     $         --     $         --     $      57,642

Identifiable assets               $ 122,735,838     $  6,221,587     $  2,412,209     $ 131,369,634

Capital expenditures              $     377,716     $         --     $         --     $     377,716
```

```

                                      Mortgage        Real Estate
                                     Brokerage        Development      Corporate         Total
                                  -------------     -------------    -------------    -------------

Revenues                          $  5,842,031     $     16,611      $    163,239     $  6,021,881

Operating profit (loss)           $    939,146     $     14,194      $   (132,698)    $    820,642

Depreciation and amortization     $     30,687     $      2,417      $      3,889     $     36,993

Identifiable assets               $108,504,806     $    909,481      $  9,450,906     $118,865,193

Capital expenditures              $    172,335     $         --      $         --     $    172,335
```