| Business Summary | | NAB
Asset
Corporation
is
a
financial
services
company
engaged
in
the
residential
lending
business.
The
Company
owns
a
majority
interest
in
Mortgage
Portfolio
Services,
Inc.
(MPS),
a
mortgage
lender
whose
customers
are
typically
home
purchasers
and
owners
who
cannot
access
traditional
lending
institutions
for
financing
because
of
job
stability,
credit
problems
or
type
of
property
(sub-prime).
MPS
owns
Pacific
American
Mortgage
Company,
which
is
engaged
in
mortgage
lending,
primarily
conventional
conforming,
non-conforming
and
government
insured
mortgages
(prime). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NABC
provides
fin.
services
and
residential
mortgage
lending
and
owns
a
majority
interest
in
Mortgage
Portfolio
Services,
a
residential
mortgage
lender.
For
the
six
months
ended
6/30/01,
revenues
rose
35%
to
$13.7
million.
Net
loss
from
continuing
operations
fell
47%
to
$1.7
million.
Revenues
reflect
increased
retail
sub-prime
production
which
generated
larger
fees.
Lower
loss
also
reflects
reduced
costs
in
the
wholesale
and
correspondent
origination
functions. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Charles Bradley, Sr., 71 Chairman
and CEO | $125K | Alan Ferree, 42 CFO,
Sr. VP, Sec. | 148K | James Hinton, 50 Pres
of Mortgage Portfolio Services, Director | 641K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|