Last NLC

[...] First NLC's bankruptcy lists more than $50 million in debt First NLC Financial Services LLC, a subprime mortgage lender that moved hundreds of jobs from Deerfield [...]

[...] of those loans to $203 million. "FBR Group announced its plans to sell an 80% share in First NLC to a Sun Capital Partners affiliate on 7-26-07, as part of a recapitalization plan to enable the [...]

[...] Now that most of the scars have been healed from working at First NLC, I can't help but laugh when a Google Search for N**l Hen****l's name returns this blog as the [...]

[...] informed that the company performing the background check cannot locate any information about First NLC and cannot verify my previous employment at the company. I've been asked to provide proof by [...]

[...] Junior, "the other" Junior and all of their cronies. This time, they're disguised as RPM Oversight (thanks to blog reader Pete for giving us the heads-up). How ironic that the word " [...]

[...] This blog has received a fair amount of traffic lately from folks searching for "RPM Oversight" on search engines. For you folks who want to know why a blog about First NLC, a company [...]

[...] RPM Oversight (can you believe anybody would actually use the word "oversight" in the name of a [...]

[...] ! Seriously - what in the hell does "Rev Up Your Returns" have to do with "RPM Oversight?" That's like ESPN using "getsportsscores.com," FBR using " [...]

[...] NYSE ARLINGTON, Va., Nov. 7 /PRNewswire-FirstCall/ -- Friedman, Billings, Ramsey Group, Inc. (FBR Group) (NYSE: FBR ) today announced that on November 4, 2008, it was notified by the New York Stock [...]

[...] Financial Services. At the end of the quarter, Friedman's exposure to First NLC was $12 million. FBR Group Announces Third Quarter 2007 Financial Results Friedman, Billings, Ramsey Group, Inc. today [...]

[...] loans where closing documents have been executed will be funded in the normal manner." FBR Group signed an agreement in July with an affiliate of Sun Capital for a $75 million recapitalization [...]

[...] in their parent company's 3rd quarter financial statements. On 10-25-07, Reuters reported that FBR Group (Friedman Billings Ramsey Group, Inc.) realized write-offs of $90 million associated with the [...]

[...] 't they?). Our team has originated and sold more than $20 billion (worth $5 billion) in mortgage loans to Wall Street and other institutional investors (who can't come after us because we [...]

[...] top non-prime residential mortgage lenders in the nation, originating over $7.4 billion in mortgage loans in 2006. FBR bought the subprime lending unit in 2005 for $101 million and arranged a sale [...]

[...] seen the value of their shares fall by two-thirds. One can only imagine what bonuses the FBR directors would have lavished on Billings and his associates if they had sold stock that had [...]

[...] FNLC was a respected and well-known brand in the first place - why Sun would want it? Friedman Billings posts wider Q3 loss Friedman Billings Ramsey Group Inc's third-quarter losses tripled [...]

[...] crooks decided to give themselves a big, fat pay raise this week! I feel terrible for the FBR shareholders.... The Committee concluded that management's actions were materially beneficial to the [...]

[...] that was outside their control. And it lauded them for their great success in selling off the subprime assets for which they grossly overpaid, and for raising $220 million through the IPO of the [...]