| Business Summary | | Dynex
Capital,
Inc.
is
a
financial
services
company
that
invests
in
a
portfolio
of
securities
and
investments
backed
principally
by
single-family
mortgage
loans,
commercial
mortgage
loans
and
manufactured
housing
installment
loans.
These
loans
were
funded
primarily
by
the
Company's
loan
production
operations
or
purchased
in
bulk
in
the
market.
Through
its
specialty
finance
business,
the
Company
also
has
provided
for
the
purchase
and
leaseback
of
single-family
model
homes
to
builders
and
the
purchase
and
management
of
delinquent
property
tax
receivables. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | DX
is
a
mortgage
and
consumer
finance
company
which
uses
its
loan
production
operations
to
create
investments
for
its
portfolio.
For
the
three
months
ended
3/31/01,
interest
income
fell
20%
to
$63.5
million.
Net
income
applicable
to
Common
before
extraordinary
item
totaled
$6.1
million
vs.
a
loss
of
$13.9
million.
Revenues
reflect
decreased
collateral
for
collateralized
bonds
due
to
the
paydown
on
the
collateral.
Net
income
reflects
a
favorable
litigation
resolution. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
58,488;
after
tax
earnings
were
2,199. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Thomas Potts, 51 Pres | $347K | $247K | Stephen Benedetti, 38 CFO,
VP, Sec., Treasurer | 305K | 15K | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|