valuemanager03

First Marblehead Should Jump on FBR Reversal

Well, good for your gut. Glad its so precise. The 'lending platform' is not worth much. It consists of people and relationships with low tier schools, all of which were geared towards volume of low quality loans (whose ultimate pay back will only now come to light since the first few years usually result in very low defaults). Further, the firm has let go about 2/3 of their employees from this time last year. The ones who remain are almost all on the trust servicing side, since there is virtually no volume in the selling 'platform'. So - again - not much value there.