SEC Company Response from OWENS MORTGAGE INVESTMENT FUND A CALIF LTD PARTNERSHIP (CIK 0000841501) — Nov 16, 2005
OWENS MORTGAGE INVESTMENT FUND A CALIF LTD PARTNERSHIP (CIK 0000841501)
Date: Nov. 16, 2005 · CIK: 0000841501 · Accession: 0000841501-05-000037
AI Filing Summary & Sentiment
Referenced dates: November 14, 2005
Letter
November 16, 2005 Ms. Linda van Doorn Senior Assistant Chief Accountant U.S. Securities and Exchange Commission Mail Stop 4561 Washington, D.C. 20549 Owens Mortgage Investment Fund, a California Limited Partnership Form 10-K for the fiscal year ended December 31, 2004 Filed March 24, 2005 Forms 10-Q for the quarterly period ended March 31, 2005 and June 30, 2005 File No. 0-17248
Re:
Dear Ms. van Doorn:
We are in receipt of your letter dated November 14, 2005 related to Owens Mortgage Investment Fund, a California Limited Partnership (the “Partnership”). The responses contained in this letter are numbered to correspond with the numbered comments of your letter.
1.
In future filings, we will clarify in the notes to the financial statements that the Partnership’s investment in Dation, LLC represents its maximum exposure to loss. We will also disclose the portion of the Partnership’s investment that represents contributions and the portion that represents loans to Dation.
2.
In future filings, we will expand the disclosure related to Dation, LLC to address the size of Dation as required by paragraph 24(b) of FIN 46(R).
Please call me at (925) 280-5393 or Melina Platt, Controller, at (925) 280-5395 if you have any further questions.
Sincerely,
/s/ Bryan H. Draper
Bryan H. Draper, Chief Financial Officer
Owens Financial Group, Inc., General Partner
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CORRESP 1 filename1.htm November 16, 2005 Ms. Linda van Doorn Senior Assistant Chief Accountant U.S. Securities and Exchange Commission Mail Stop 4561 Washington, D.C. 20549 Re: Owens Mortgage Investment Fund, a California Limited Partnership Form 10-K for the fiscal year ended December 31, 2004 Filed March 24, 2005 Forms 10-Q for the quarterly period ended March 31, 2005 and June 30, 2005 File No. 0-17248 Dear Ms. van Doorn: We are in receipt of your letter dated November 14, 2005 related to Owens Mortgage Investment Fund, a California Limited Partnership (the “Partnership”). The responses contained in this letter are numbered to correspond with the numbered comments of your letter. 1. In future filings, we will clarify in the notes to the financial statements that the Partnership’s investment in Dation, LLC represents its maximum exposure to loss. We will also disclose the portion of the Partnership’s investment that represents contributions and the portion that represents loans to Dation. 2. In future filings, we will expand the disclosure related to Dation, LLC to address the size of Dation as required by paragraph 24(b) of FIN 46(R). Please call me at (925) 280-5393 or Melina Platt, Controller, at (925) 280-5395 if you have any further questions. Sincerely, /s/ Bryan H. Draper Bryan H. Draper, Chief Financial Officer Owens Financial Group, Inc., General Partner