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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
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Financial Strength : 4/10

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The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 3/10

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Business Description

Industry: Credit Services » Credit Services  
Compare:NAS:ASFI, OTCPK:MOGOF, NAS:MFIN, OTCPK:FAHLF, NAS:LOAN, NAS:NICK, NAS:ATLC, NAS:CCCR, NAS:FPAY, OTCPK:IEGH, NAS:LMFA, OTCPK:JGWE, NAS:SNFCA, OTCPK:LTMP, NAS:CPSS, NAS:CLDC, OTCPK:CCGN, OTCPK:CHWWF, NYSE:RM, OTCPK:EHMEF » details
Traded in other countries:FMA1.Germany,
Headquarter Location:USA
The First Marblehead Corp is a specialty finance company engaged in the education financing marketplace in the United States. It provides education loan programs for K-12, undergraduate and graduate students and for college graduates.

The First Marblehead Corp was formed as a limited partnership in 1991 and was incorporated in Delaware in August 1994. It is a specialty finance company focused on the education financing marketplace in the United States. It provides loan programs on behalf of its lender clients for K-12, undergraduate and graduate students and for college graduates seeking to refinance private education loan obligations, as well as tuition planning, tuition billing, refund management and payment technology services. It provides a fully integrated suite of services through its Monogram loan product service platform, which it refer to as its Monogram platform, as well as certain services on a stand-alone, fee-for-service basis. These loan programs are designed to be marketed to prospective student borrowers and their families directly or through educational institutions and to generate portfolios which might be held by the originating lender or financed in the capital markets. It offers a fully integrated suite of services, including its new Monogram loan product, as well as certain services on a standalone, fee-for-service basis. In addition, it provides administrative and other services to securitization trusts that it has facilitated and asset servicing to the third-party owner of certain securitization trusts. The Company's bank subsidiary, Union Federal Savings Bank is a federally chartered thrift that offers residential and commercial mortgage loans, and certain other banking products. Through its Monogram product offering, it enables lenders to offer borrowers private education loans with competitive terms and clear pricing alternatives, but which are also structured to align product options made available to qualified applicants with their credit risk. The Monogram product integrates all of its service offerings, including program design, marketing support, loan origination and portfolio management. The product enables its lender clients to customize their loan programs to meet their risk control and return objectives without a third-party guaranty. Specifically, the client could customize the range of loan terms offered to their qualified applicants, such as repayment options, loan limits and borrower pricing. The Monogram product is based on its proprietary origination risk score model, which was independently reviewed by a credit bureau. It helps clients design their private education loan programs. The Company's design approach begins with a standard set of pricing options, legal agreements and third-party relationships that it could then customize for its clients in order to satisfy their particular needs. The Company's systems have been designed to provide applicants with consumer protection disclosures required by law and regulation, as well as information helpful for making informed decisions about private education loans. It operates in a competitive environment.FIRSTMARBLEHEAD, the checkered logo, MONOGRAM, MONTICELLO STUDENT LOA

Top Ranked Articles about The First Marblehead Corp

First Marblehead Education Resources, Inc. Launches New Private Student Loan Program
MEDFORD, MA--(Marketwired - July 05, 2016) - The First Marblehead Corporation (NYSE: FMD) today announced that First Marblehead Education Resources, Inc. (FMER), a wholly owned subsidiary of FMD, has launched its new raise^ private student loan program. FMD and FMER developed the new program using over twenty years of proprietary private student loan performance data so that FMER may offer education funding options to a broader range of students than is addressed by the current market. The raise^ private student loan program provides borrowers with a compelling alternative to credit cards and personal loans, which previously may have been the only options for some students to fund their education. "We want to provide more students in the market with access to attractive financing options. The private student loan marketplace offers many options for super prime borrowers, while many prime borrowers are left to seek financing in the general market of unsecured consumer products, which often have higher interest rates and upfront fees. We have leveraged our data so that FMER can provide a competitively priced product without upfront fees that is customized for these borrowers. It's time for the market to extend its reach beyond the super prime segment," said Daniel Meyers, First Marblehead's Chairman and Chief Executive Officer. Approved borrowers will have the ability to select from three different repayment terms and can choose to start repayment immediately or make monthly interest payments while in school. About The First Marblehead Corporation First Marblehead helps meet the need for education financing by offering national and regional financial institutions and educational institutions the Monogram® platform, an integrated suite of design, implementation and credit risk management services for private label, customizable private education loan programs. For more information, please see www.firstmarblehead.com. First Marblehead supports responsible lending and is a strong proponent of the smart borrowing principle, which encourages students to access scholarships, grants and federally-guaranteed loans before considering private education loans; please see www.SmartBorrowing.org. First Marblehead offers outsourced tuition planning, billing, payment technology services and refund management services through its subsidiary Tuition Management Systems LLC. For more information, please see www.afford.com. Through its subsidiary, Cology LLC, First Marblehead offers private education loan processing and disbursement services for lenders. For more information, please see www2.cology.com.Safe Harbor for Forward Looking StatementsStatements in this press release regarding the raise^ private student loan program, as well as any other statements that are not purely historical, constitute forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon our expectations as of July 5, 2016. The inclusion of this forward-looking information should not be regarded as a representation by us or any other person that the future expectations expressed or implied by us will be achieved. You are cautioned that matters subject to forward-looking statements involve known and unknown risks and uncertainties, including economic, legislative, regulatory, competitive and other factors, which may cause our actual financial or operating results, or the timing of events, to be materially different from those expressed or implied by forward-looking statements. Important factors that could cause or contribute to such differences include: the successful introduction of the raise^ private student loan program and market acceptance of the raise^ private student loan program. We specifically disclaim any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release, even if our estimates change, and you should not rely on those statements as representing our views as of any date subsequent to the date of this press release.
Contact:
Alan Breitman
Chief Financial Officer

The First Marblehead Corporation
One Cabot Road, Suite 200
Medford, MA 02155
617.638.2065



Read more...
First Marblehead Announces Agreement to Be Acquired for US$5.05 Per Share in Cash
MEDFORD, MA--(Marketwired - June 02, 2016) - The First Marblehead Corporation (NYSE: FMD) today announced that it has entered into a merger agreement to be acquired by FP Resources USA Inc., an entity beneficially owned by John Carter Risley of Nova Scotia, Canada, for US$5.05 per share in cash, in a transaction valued at approximately US$65.5 million. As of the date of the merger agreement, Mr. Risley beneficially owned approximately 14.9% of the outstanding shares of the Company's common stock. The per share merger consideration represents a premium of approximately 30.5% over today's closing price per share of the Company's common stock on the New York Stock Exchange and a premium of approximately 43.9% over the closing price per share of the Company's common stock on the New York Stock Exchange on March 24, 2016, the last full trading day before the public disclosure of exploratory discussions between Mr. Risley and the Company regarding Mr. Risley's potential acquisition of the Company.The transaction was unanimously approved on June 2, 2016 by the Company's board of directors, acting on the unanimous recommendation of a committee of independent directors.Completion of the transaction is subject to customary closing conditions, including approval of the Company's stockholders, and is expected to occur in the third calendar quarter of 2016. Certain stockholders have agreed to vote in favor of the transaction shares representing approximately 24.1% of the issued and outstanding shares of the Company's common stock, subject to specified exceptions. The merger is not subject to any financing condition.Sandler O'Neill Partners, L.P. is acting as financial advisor to the Company's independent committee and delivered a fairness opinion to the independent committee, and WilmerHale LLP is acting as legal counsel to the Company. Houlihan Lokey Capital, Inc. is acting as financial advisor to FP Resources USA Inc., and Choate, Hall & Stewart LLP is acting as legal counsel to FP Resources USA Inc. About The First Marblehead Corporation
First Marblehead helps meet the need for education financing by offering national and regional financial institutions and educational institutions the Monogram® platform, an integrated suite of design, implementation and credit risk management services for private label, customizable private education loan programs. For more information, please see www.firstmarblehead.com. First Marblehead supports responsible lending and is a strong proponent of the smart borrowing principle, which encourages students to access scholarships, grants and federally-guaranteed loans before considering private education loans; please see www.SmartBorrowing.org. First Marblehead offers outsourced tuition planning, billing, payment technology services and refund management services through its subsidiary Tuition Management Systems LLC. For more information, please see www.afford.com. Through its subsidiary, Cology LLC, First Marblehead offers private education loan processing and disbursement services for lenders. For more information, please see www2.cology.com. Important Additional Information Will Be Filed with the SEC
The Company plans to file with the Securities and Exchange Commission ("SEC") and mail to its stockholders a Proxy Statement in connection with the transaction. The Proxy Statement will contain important information about the acquirer, the Company, the transaction and related matters. Investors and security holders are urged to read the Proxy Statement carefully when it is available.Investors and security holders will be able to obtain free copies of the Proxy Statement and other documents filed with the SEC by the acquirer and the Company through the website maintained by the SEC at www.sec.gov.In addition, investors and security holders will be able to obtain free copies of the Proxy Statement from the Company by contacting Investor Relations, The First Marblehead Corporation, One Cabot Road, Suite 200, Medford, Massachusetts 02155, emailing Investor Relations at [email protected]
or calling the Company's toll-free number (800) 895-4283.The Company, and its directors and executive officers, and the acquirer, and its directors and executive officers, may be deemed to be participants in the solicitation of proxies in respect of the transactions contemplated by the merger agreement. Information regarding the Company's directors and executive officers is contained in the Company's Annual Report on Form 10-K for the year ended June 30, 2015 and its Proxy Statement dated September 25, 2015, which are on file with the SEC. Any changes in holdings by the Company's directors and executive officers of Company securities since the amounts reported in its Proxy Statement dated September 25, 2015 have been or will be reflected on Statements of Changes in Ownership on Form 4 filed with the SEC. In connection with the execution of the merger agreement, each of Daniel Meyers, the Company's Chairman and Chief Executive Officer, and Seth Gelber, the Company's Managing Director, President and Chief Operating Officer, entered into an employment agreement with the acquirer regarding the terms of his employment with the Company following the completion of the transaction. As of the date of the merger agreement, John Carter Risley, the beneficial owner of the acquirer, beneficially owned approximately 14.9% of the outstanding shares of the Company's common stock. For a more complete description of Mr. Risley's holdings, see the Schedule 13D filed by Mr. Risley with the SEC on August 19, 2015, as amended by Amendment No. 1 thereto, as filed by Mr. Risley with the SEC on March 25, 2016, and as may be further amended from time to time. A more complete description of the interests of the Company's directors and executive officers and any other participants in the solicitation will be available in the Proxy Statement regarding the acquisition when it becomes available. Safe Harbor for Forward-Looking Statements
Statements in this press release regarding the proposed transaction between the acquirer and the Company, the expected timetable for completing the transaction, future financial and operating results, benefits of the transaction, future opportunities for the Company and any other statements about the acquirer or the Company managements' future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: the occurrence of any event or proceeding that could give rise to the termination of the merger agreement; the inability to complete the merger due to the failure of the closing conditions to be satisfied; the outcome of any legal proceedings that may be instituted in connection with the merger; and the other factors described in the Company's Annual Report on Form 10-K for the year ended June 30, 2015 and its most recent quarterly report filed with the SEC. The acquirer and the Company disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.

Contact:
Alan Breitman
Chief Financial Officer
The First Marblehead Corporation
One Cabot Road, Suite 200
Medford, MA 02155
617.638.2065



Read more...
First Marblehead to Release Third Quarter Fiscal 2016 Financial Results and Host Conference Call
BOSTON, MA--(Marketwired - May 04, 2016) - The First Marblehead Corporation (NYSE: FMD) plans to release its third quarter fiscal year 2016 financial and operating results for the three and nine month periods ended March 31, 2016 after the market closes on Tuesday, May 10, 2016. The Company will host a conference call at 5:00 p.m. Eastern time on Tuesday, May 10, 2016 to discuss its results and provide an update on the Company's business. First Marblehead's Chairman and Chief Executive Officer Daniel Meyers and Chief Financial Officer Alan Breitman will host the call.Investors and other interested parties are invited to listen to the conference call via a simultaneous internet broadcast on the Company's website at www.firstmarblehead.com, under "For Investors," or by dialing (888) 317-6003 from the United States or (412) 317-6061 from abroad and entering the pass code 8344797.A replay will be available approximately one hour after completion of the call on First Marblehead's website or by dialing (877) 344-7529 from the United States or (412) 317-0088 from abroad and entering the pass code 10085316. The replay will be available for two weeks. About The First Marblehead Corporation First Marblehead helps meet the need for education financing by offering national and regional financial institutions and educational institutions the Monogram®
platform, an integrated suite of design, implementation and credit risk management services for private label, customizable private education loan programs. For more information, please see www.firstmarblehead.com. First Marblehead supports responsible lending and is a strong proponent of the smart borrowing principle, which encourages students to access scholarships, grants and federally-guaranteed loans before considering private education loans; please see www.SmartBorrowing.org. First Marblehead also offers outsourced tuition planning, billing, payment technology services and refund management services through its subsidiary Tuition Management Systems LLC. For more information, please see www.afford.com. Through its subsidiary, Cology LLC, First Marblehead offers private education loan processing and disbursement services for lenders. For more information, please see www2.cology.com.
Contact:
Alan Breitman
Chief Financial Officer
The First Marblehead Corporation
1 Cabot Road, Suite 200
Medford, MA 02155
617.638.2065



Read more...

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More Statistics

Revenue (TTM) (Mil) $51.86
EPS (TTM) $ -2.53
Short Percentage of Float2.63%
52-Week Range $2.81 - 5.05
Shares Outstanding (Mil)11.71

Analyst Estimate

Jun16 Jun17
Revenue (Mil $) 53 54
EPS ($) -2.23 -1.65
EPS without NRI ($) -2.23 -1.65
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for FMD

Headlines

Articles On GuruFocus.com
First Marblehead Education Resources, Inc. Launches New Private Student Loan Program Jul 05 2016 
First Marblehead Announces Agreement to Be Acquired for US$5.05 Per Share in Cash Jun 02 2016 
First Marblehead to Release Third Quarter Fiscal 2016 Financial Results and Host Conference Call May 04 2016 
First Marblehead to Release First Quarter Fiscal 2016 Financial Results and Host Conference Call Oct 26 2015 
First Marblehead to Release Fourth Quarter and Fiscal 2015 Financial Results and Host Conference Cal Sep 02 2015 
First Marblehead Receives Congressional Joint Committee on Taxation Review Affirming the IRS's Decis Jul 15 2015 
First Marblehead Announces the IRS Is Withdrawing Its Proposed Adjustments Dec 18 2014 
First Marblehead and Firstmark Services Form Strategic Partnership to Deliver Loan Origination Servi Nov 10 2014 
July Value Idea Contest Results Announcement Apr 12 2012 
Back From the Dead but Looking Uglier Than Ever: First Marblehead Jul 27 2011 

More From Other Websites
FMD: FMD Acquisition by FP Resources USA Inc. Completed Aug 23 2016
First Marblehead Stockholders Approve Merger; Transaction Completed Aug 22 2016
SunTrust Bank's Monogram(R)-Based Loan Program Offers New Education Loan Refinance Option Jul 14 2016
First Marblehead Education Resources, Inc. Launches New Private Student Loan Program Jul 05 2016
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Into the Fairness of the Sale of... Jun 09 2016
Government Financing Of Higher Education Leaves Millions Of Americans Worse Off Jun 08 2016
INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of The First... Jun 06 2016
INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning the Fairness of the Sale... Jun 06 2016
The First Marblehead Corporation Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers... Jun 06 2016
SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of The First... Jun 03 2016
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Commencement of an Investigation Concerning the... Jun 03 2016
FIRST MARBLEHEAD (FMD) ALERT: Johnson & Weaver, LLP Launches an Investigation into the Fairness of... Jun 03 2016
First Marblehead Announces Agreement to Be Acquired for US$5.05 Per Share in Cash Jun 02 2016
ETF’s with exposure to First Marblehead Corp. : May 19, 2016 May 19 2016
First Marblehead Announces Third Quarter Financial Results May 10 2016
First Marblehead to Release Third Quarter Fiscal 2016 Financial Results and Host Conference Call May 04 2016
FMD: FMD Surprises on the Upside…Again Apr 28 2016
First Marblehead Corp. Earnings Analysis: Q2, 2016 By the Numbers Feb 16 2016
First Marblehead Announces Second Quarter Financial Results Feb 09 2016

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