| Business Summary | | Fog
Cutter
Capital
Group,
Inc.,
formerly
known
as
Wilshire
Real
Estate
Investment,
Inc.,
is
an
investor
in
mortgage-backed
securities,
non-discounted
and
discounted
mortgage
loans,
real
estate,
and
other
real
estate
related
investments.
Mortgage-backed
securities
are
interests
in
pools
of
mortgages
that
have
been
securitized
and
are
usually
issued
in
multiple
classes
ranging
in
credit
seniority.
The
Company's
discounted
loans
consist
of
mortgage
loans
that
are
in
default
or
for
which
default
is
likely
or
imminent
or
for
which
the
borrower
is
currently
making
monthly
payments
in
accordance
with
a
forbearance
plan.
The
Company's
real
estate
investments
include
commercial
and
multi-family
real
properties
located
in
the
United
States
and
the
United
Kingdom. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Fog
Cutter
Capital
Group,
Inc.
operates
and
invests
in
mortgage-backed
securities,
non-discounted
and
discounted
mortgage
loans,
real
estate,
and
other
real
estate
related
investments.
For
the
six
months
ended
6/01,
interest
income
fell
28%
to
$5.8
million.
Net
loss
before
acct'g
change
totaled
$5.7
million
vs.
an
income
of
$4.9
million.
Results
reflects
a
reduction
in
assets
due
to
sales
of
mortgages
and
loans,
and
increased
market
valuation
and
impairment
losses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Andrew Wiederhorn, 35 Chairman,
CEO, Sec., Treasurer | $740K | Lawrence Mendelsohn, Ph.D., 39 Pres,
Director | 531K | R. Scott Stevenson CFO,
Sr. VP | -- | Richard Brennan, 43 Exec.
VP, CIO | -- | Robert Rosen, 34 Exec.
VP | 1.1M | 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
|
|