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  September 5, 2001
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Home > Company Index > Financial Services > Mortgage Banking & Related Services > NAB Asset Corporation

NAB Asset Corporation
OTC: NABC
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 PROFILE
The name says it all -- NAB Asset operates by collecting on and then selling the assets it acquires. Operating through subsidiary Mortgage Portfolio Services, the company buys, collects, and sells prime and subprime mortgage loans; it also writes mortgages through an office in Virginia, as well as a network of independent agents. Another division, Pacific American Mortgage, originates residential and construction loans through about 10 branches in four states. NAB Asset is selling a majority stake to Centex Financial Services and has plans to seek Chapter 11 bankruptcy protection. Chairman and CEO Charles Bradley owns nearly 40% of NAB Asset.

 COMPETITION
Countrywide Credit Industries, Inc. (CCR)
Fannie Mae (FNM)
Freddie Mac (FRE)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 20.90
1-Yr. Sales Growth: (23.0)%
Employees: 266
Revenue per employee: $78,571.43

 KEY PEOPLE
• Charles E. Bradley
    CEO
• Alan Ferree
    CFO

 CONTACT INFO
4144 North Central Expwy., Ste. 800
Dallas, TX 75204
US
Phone: -
Fax: -

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