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PSS, Inc. ("PSS"), through its wholly owned subsidiary, PNS Inc. ("PNS"), owns PSSC Inc. ("PSSC"); together, PSS, PNS and PSSC are referred to collectively as the "Company". At November 2, 2002, the Company, through PSSC, owned a pass-through and participation certificate issued by the Federal Home Loan Mortgage Corporation backed by whole pool real estate mortgages ("Mortgage Certificates"), and as a result, was primarily engaged in the business of owning mortgages and other liens on and interests in real estate. At November 2, 2002, the Company's principal assets consisted of approximately $1.6 million of Mortgage Certificates and...