The First Marblehead Corporation (NYSE: FMD) was founded in 1991 and is headquartered in Medford, Massachusetts, with 273 full-time employees. It is a professional financing company that focuses on financing (student loans, assistance Student loans, etc.).
2016 update: On June 3, 2016, The First Marblehead Corporation announced that it had agreed to be acquired by FP Resources USA Inc., for a purchase price of US$65.5 million. The shares of the former were delisted after the market on August 22, 2016.
The First Marblehead (FMD):
The Marble First Banking Corporation unites its subsidiaries to engage in financing and loan businesses in the education financial market in the United States. The First Marblehead company, on behalf of the lender, provides loan programs to college students and graduate students, as well as college graduates who want to refinance private education loan programs.
Marble First Bank also provides outsourced tuition planning, tuition billing, refund management and payment technology services.
In addition, The First Marblehead company through its Monogram platform, through educational institutions or direct sales to the borrower’s family, and can generate investment portfolios close to the original lender and capital market financing.
In addition, Marble First Bank also provides other services, including loan issuance, project portfolio management, securitization services, retail banking products including residential commercial collateral, time deposits, money market demand accounts, analysis and structuring services, and loans Processing and payment services to approximately 300 credit unions and other lenders.