| Business Summary | | Aegis
Consumer
Funding
Group,
Inc.
is
a
specialty
consumer
finance
company
engaged
in
acquiring,
securitizing
and
servicing
automobile
retail
installment
contracts
(finance
contracts)
originated
by
factory-authorized
new
car
dealers
in
connection
with
the
sale
of
late-model
used
and,
to
a
lesser
extent,
new
cars
to
consumers
with
sub-prime
credit.
The
Company
targets
the
higher-quality
segment
of
the
sub-prime
credit
market,
acquiring
finance
contracts
primarily
on
used
cars
that,
on
average,
are
1.7
years
old
with
an
original
balance
of
$12,400
and
a
term
of
55
months
as
of
June
30,
1997.
The
Company
has
acquired
$1.25
billion
of
automobile
finance
contracts
through
June
30,
1997,
$1.03
billion
of
which
have
been
securitized
in
20
offerings
of
asset-backed
securities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Aegis
is
engaged
in
acquiring,
securitizing
and
servicing
automobile
retail
installment
contracts
originated
by
factory
authorized
new
car
dealers
in
connection
with
the
sale
of
cars
to
consumers
with
subprime
credit.
For
the
nine
months
ended
3/98,
revenues
totalled
$8.8
million,
up
from
$2.4
million.
Net
loss
applicable
to
Common
rose
1%
to
$29.3
million.
Results
reflect
lower
write-downs
of
retained
interest
and
higher
servicing
fee
income,
offset
by
the
absence
of
an
$8.4
million
tax
benefit. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Donald Bender | Chairman |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|