| Business Summary | | American
Business
Financial
Services,
Inc.
is
a
diversified
financial
services
company
operating
throughout
the
United
States.
Through
its
principal
direct
and
indirect
subsidiaries,
the
Company
originates,
services
and
sells
loans
to
businesses
secured
by
real
estate
and
other
business
assets;
mortgage
loans
which
are
secured
by
first
and
second
mortgages
on
single-family
residences
and
which
do
not
satisfy
the
eligibility
requirements
of
Fannie
Mae,
Freddie
Mac
or
similar
buyers;
and
mortgage
loans
which
are
secured
by
first
mortgages
on
one-to
four-unit
residential
properties,
most
of
which
satisfy
the
eligibility
requirements
of
Fannie
Mae
and
Freddie
Mac. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | American
Business
Financial
Services,
a
financial
services
company,
originates,
sells
and
services
loans
to
businesses
secured
by
real
estate
and
other
business
assets,
and
non-conforming
mortgage
loans
typically
to
credit
impaired
borrowers.
For
the
nine
months
ended
3/31/01,
revenues
rose
41%
to
$130.2
million.
Net
income
fell
42%
to
$6.6
million.
Results
reflect
increased
gains
on
securitizations
of
mortgage
loans,
offset
by
higher
levels
of
subordinated
debt. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Anthony Santilli, 58 Chairman,
Pres, CEO and Chief Operating Officer | $1.1M | Albert Mandia, 53 Exec.
VP and CFO | 511K | Beverly Santilli, 41 First
Exec. VP and Sec. | 783K | Jeffrey Ruben, 37 Exec.
VP | 440K | Stephen Giroux Sr.
VP, Gen. Counsel | -- | Dollar amounts are as of 30-June-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
|
|