Corporate Profile for ContiFinancial Corporation, dated April 30, 1999.--(BUSINESS WIRE)-- The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: April 30, 1998
Company Name: ContiFinancial Corporation
Address: 277 Park Ave.
New York, N.Y. 10172
Main Telephone
Number: 212/207-2800
Chief Executive
Officer: James E. Moore, President
Chief Financial
Officer: Daniel J. Willett, Senior Vice President
Investor Relations
Contact: Jerome M. Perelson, Senior Vice President and
Chief Credit Officer
Business number: 212/207-5402
Public Relations
Contact: Jerome M. Perelson, Senior Vice President and
Chief Credit Officer
Business number: 212/207-5402
Trading Symbol/
Exchange: CFN - NYSE
Industry: Diversified financial services
Market Makers: Merrill Lynch & Co.; Bear, Stearns & Co. Inc.
Company description: ContiFinancial Corporation is a diversified
financial services company, with headquarters in New York City and
over 3,000 employees nationwide. The Company, through ContiMortgage
Corporation and other subsidiaries, is a leading originator,
securitizer, servicer and seller of home equity loans made to
borrowers whose needs may not be met by traditional financial
institutions. In addition, through Keystone Mortgage Partners LLC, the
Company arranges financing for a wide range of commercial real estate.
Through ContiTrade Services L.L.C., the Company also provides
financing and securitization services and, through ContiFinancial
Services Corporation, bond placement services, to subsidiaries and
other originators of a broad range of loans including home equity
loans; home improvement loans; prime, non-prime and sub-prime auto
loans; charged-off consumer debt and franchisee loans.
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CONTIFINANCIAL CORPORATION Nine Months Ended 12/31/98 (Dollars in thousands, except per share data) (Unaudited) A.Consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: Statements of Income Total Gross Income $ 278,539 Total Expenses $ 524,655 Net Income (Loss) $ (167,031) Diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. Earnings (Loss) Per Common Share $ (3.61) B.Selected Balance Sheet Data Interest-only and Residual Residual See:Residual value Certificates $ 849,644 Receivables Receivables An asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers. Receivables are recorded by a company's accountants and reported on the balance sheet, and they and include all debts owed Held for Sale, Net $ 937,878 Total Assets $ 2,463,987 Long-term Debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. $ 699,269 Total Stockholders' Equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. $ 462,560 C.Selected Loan Portfolio Data ContiMortgage Serviced Loan Portfolio $ 12,676,546 at December December: see month. 31, 1998 Total Home Equity, Home Improvement $ 6,521,166 and Other Residential Mortgage Loan Originations The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Total Commercial Real Estate Mortgage $ 2,179,564 Loan Originations Triad Auto (AUTOmatic) Refers to a wide variety of devices that perform unattended operations. Loan Originations $ 271,945 Total Securitizations and Sales $ 8,200,131 |
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