ABC News (Free subscription) | 19/11/2009
First Marblehead bank unit finishes sale of private education loans amid potential sale Education - Business - Financial services - Banking Services - Banks and Institutions
The Boston Business Journal (Free subscription) | 19/11/2009
First Marblehead Corp. (NYSE: FMD) said the small bank it owns in Rhode Island has sold the remaining amount of private student loans on its balance sheet as it explores strategic alternatives that include selling the lender. (FMD)
Market Wire (Free subscription) | 19/11/2009
BOSTON, MA (MARKET WIRE) The First Marblehead Corporation (NYSE: FMD) today affirmed that its subsidiary, Union Federal Savings Bank, has completed the sale of its remaining private education loans held for sale. As a result of the sale of the portfolio, Union Federal no longer carries any private education loans on its balance sheet.
Radon Mitigation Pittsburgh (Free subscription) | 15/11/2009
( EMAILWIRE.COM , November 15, 2009 ) Del Mar, CA Green Energy Live, Inc. CEO Karen Clark recently spoke about this exciting new and dynamic firm which is well poised to ride a surge of growth which is set to take place in the sustainable energy and waste management arena. Green Energy Live is a fully reporting, publicly-listed engineering and technology company headquartered in Wyoming, Michigan (adjacent...
Stock Market Analysis (Free subscription) | 12/11/2009
Today, November 12, 2009, there are several stock gainers that are breaking out with some nice momentum. If you are looking to day trade today, you might want to check out the following stocks. Check out some of today's biggest gainers and the Top Stocks for 2009 . You can find my Past, Current, and Future Stock Gainers Report Right Here Top Stocks 11/12/09 - Biggest Gainers Today Advanced Micro Devices...
Market Wire (Free subscription) | 09/11/2009
BOSTON, MA (MARKET WIRE) The First Marblehead Corporation (NYSE: FMD) today announced that it plans to broadcast its annual meeting of stockholders to be held at 10:00 a.m. EST, in New York on Monday, November 16, 2009. Daniel Meyers, First Marblehead's Chief Executive Officer and President will provide an update and outlook for the company.
Business Wire (Free subscription) | 29/10/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has placed on Rating Watch Negative 12 classes from the National Collegiate Student Loan Trust (NCSLT) 2003-1, 2004-1, and 2004-2 asset-backed securities (ABS) transactions issued by the First Marblehead Corporation (FMD). The ratings actions are detailed at the end of this press release. The Rating Watch Negative reflects default rates that continue to exceed...
The Boston Business Journal (Free subscription) | 26/10/2009
First Marblehead Corp. said it recorded a net loss of $94.1 million in its fiscal first quarter, but currently holds nearly $500 million worth of cash and investments after receiving a tax refund and selling a portfolio of distressed student loans. (FMD)
Market Wire (Free subscription) | 26/10/2009
BOSTON, MA (MARKET WIRE) The First Marblehead Corporation (NYSE: FMD) today announced its financial and operating results for the first quarter of fiscal 2010 which ended September 30, 2009.
The Earth Times Online Newspaper (Free subscription) | 23/10/2009
BOSTON, MA -- 10/22/09 -- The First Marblehead Corporation (NYSE: FMD) today announced that it plans to release its first quarter fiscal 2010 financial and operating results for the three-month period ended September 30, 2009 before the market open..
Radon Mitigation Pittsburgh (Free subscription) | 22/10/2009
( EMAILWIRE.COM , October 22, 2009 ) Delmar, CA From US Navy co-developed UAVs for aerial observation and environmental testing to advanced VTOL aerospace technology for civilian and military uses, Mundus Group, Inc. looks poised for exponential growth. One of the niche markets MNDP will be able to capitalize on is the movie production industry. With an already successful collaboration with Warner...
The Boston Business Journal (Free subscription) | 19/10/2009
First Marblehead Corp.’s sale of a distressed portfolio of private student loans will trigger a pre-tax loss of $47.6 million and erase about $19 million in net interest income, according to an analyst at FBR Capital Markets. (FMD)
The Boston Business Journal (Free subscription) | 16/10/2009
First Marblehead Corp. said Friday it took a big hit when it sold $234 million in private student loans to Wells Fargo Bank for about 52 percent of their outstanding principal and interest. (FMD)
Market Wire (Free subscription) | 16/10/2009
BOSTON, MA (MARKET WIRE) The First Marblehead Corporation (NYSE: FMD) announced that its subsidiary, Union Federal Savings Bank, sold today a portfolio of private education loans with an outstanding principal balance of approximately $234 million. Sale proceeds were approximately $122 million. This action has been taken pursuant to Union Federal's business plans which call for a reduction in the balance...
Footnoted.org (Free subscription) | 29/09/2009
First Marblehead (FMD) first caught our attention nearly two years ago after dropping from the mid-50s to around $30 a share. Over the past two years, we’ve caught a few other items (see here and here) as the stock has moved from $30 to under $3. But nothing quite prepared us for the proxy that they [...]
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