Items Tagged with 'Ramsey Group'


  • Mortgage REIT Insider: FBR's Feet Held to the Fire

    Friedman, Billings, Ramsey Group [stock FBR][/stock] provided a disappointing debut for the third-quarter earnings season. FBR reported a GAAP net loss of $1.12/share and posted a cash operating loss of $1.5 million for the third quarter. Results were weighed down primarily by non-cash marks to the existing MBS portfolio, which swamped the $4.1 million gain realized on the repurchase of outstanding trust preferred.
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  • Commentary: More Subprime Layoffs

    First NLC tightening its belt: First NLC, a Friedman Billings, Ramsey Group-owned lender and one of the nation's 25 largest in the subprime market, is shedding staff in response to the recent downturn in the subprime market....not that layoffs at subprime lenders are, in and of themselves, news these days. The company said in a press statement late Friday that it will be closing of a number of its wholesale operations centers, consolidating operations into its facilities at Deerfield Beach, Florida and Anaheim, California.
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