Company Information

  

Address: 1100 VIRGINIA DRIVE, SUITE 100  
City: FORT WASHINGTON 
State: PA 
Zip Code: 19034 
Telephone: (844) 714-8603 

Description of Business

Primary SIC Code: 6162
(As filed with the SEC)  

We are an independent servicer and originator of mortgage loans and servicer of reverse mortgage loans. We service a wide array of loans across the credit spectrum for our own portfolio and for GSEs, government agencies, third-party securitization trusts and other credit owners. Through our consumer, correspondent and wholesale lending channels, we originate and purchase residential mortgage loans that we predominantly sell to GSEs and government agencies. We also operate two supplementary businesses; asset receivables management and real estate owned property management and disposition. Our goal is to become a partner with our customers; assisting them with the originations process and through the life of their loan, with a highly regarded originations and servicing platform and quality customer service in an open, honest and straightforward manner. We are a Maryland corporation incorporated in 1997 and operate throughout the U.S.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/20171.40NA0.68
03/2017-9.74NAN/E
12/2016-14.71NAN/E
09/2016-17.28NAN/E
06/2016-16.52NAN/E
03/2016-11.03NAN/E
12/20157.00NA2.03
09/2015-5.04NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-1.40Total Liab/Total Assets1.00
Net Inc/Total Assets-0.05Total Liab/Inv Cap1.00
Net Inc/Inv Cap-0.05Total Liab/Comm Equity27.64
Pretax Inc/Net Sales-1.07Interest Coverage Ratio-2.09
Net Inc/Net Sales-1.13Curr Debt/EquityNA
Cash Flow/Net Sales0.61LTD/Equity-38.62
SG&A/NetSales1.56Total Debt/Equity-38.62
Asset Utilization   Liquidity  
Net Receivables Turnover3.65Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E8.96  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 114.97 147.90 184.88 382.31
Cost of Goods Sold NA NA NA NA
Selling & Admin Exps 231.73 221.67 242.37 328.36
Operating Income -126.50 -83.81 -68.42 26.91
Interest Exp 61.67 60.88 60.41 61.83
Pretax Income -123.68 -92.62 4.39 26.84
Other Income 2.82 -8.81 72.81 -0.07
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -124.13 -94.31 4.51 42.07

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 636.22 651.05 411.50 429.06
Receivables - Total 151.40 155.25 224.73 267.96
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 58.21 66.16 74.00 82.63
Total Assets 14,979.64 15,595.51 15,900.80 16,458.97
Liabilities        
Accounts Payable 4,766.47 4,935.31 4,924.40 5,017.01
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities NA NA NA NA
Long-Term Debt 832.90 877.78 916.95 943.96
Total Liabilities 15,215.87 15,708.50 15,919.91 16,483.41
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.37 0.37 0.37 0.36
Retained Earnings -835.74 -711.61 -617.30 -621.80
Treasury Stock NA NA NA NA
Total Stockholders' Equity -236.23 -112.98 -19.11 -24.44
Total Liabilities and Stockholders' Equity 14,979.64 15,595.51 15,900.80 16,458.97

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 118.15 266.54 146.73 76.78
Net Cash Provided by Investing Activities 418.77 272.56 381.09 404.88
Net Cash Provided by Financing Activities -738.49 -297.90 -515.25 -542.74

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012444.14-22.13-0.73
12/20131,529.84253.476.63
12/20141,184.05-110.33-2.93
12/20151,000.65-263.197.00
12/2016739.94-833.86-14.71
Growth Rates13.61----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/176315,02440.20




Report Date : 12/4/2017

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