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First Marblehead Corp (NYSE:FMD)

4.03
Delayed Data
As of 3:59pm ET
 -0.09 / -2.18%
Today’s Change
1.21
Today|||52-Week Range
7.00
-32.27%
Year-to-Date
SECTOR
Consumer Services
INDUSTRY
Other Consumer Services
MARKET CAP
$47.5M

Company Description

First Marblehead Corp. provides outsourcing services to national and regional financial and educational institutions for designing and implementing education loan programs. It 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. The company 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. It offers outsourced tuition planning, billing and payment technology services through its subsidiary Tuition Management Systems LLC. First Marblehead was founded by Daniel Maxwell Meyers and Stephen E. Anbinder in 1991 and is headquartered in Boston, MA.

Contact Information

First Marblehead Corp.
The Prudential Tower
Boston Massachusetts 02199-8157
P:(617) 638-2000
Investor Relations:
(617) 638-2065

Employees

Shareholders

Mutual fund holders4.36%
Individual stakeholders20.77%
Other institutional16.33%

Top Executives

Daniel Maxwell MeyersChairman & Chief Executive Officer
Seth Aaron GelberPresident, Chief Operating Officer, Director & MD
Alan Gregory BreitmanMD, Chief Financial & Accounting Officer
William P. BaumerChief Risk Officer & Managing Director
Barry HeneghanMD-Business Development & Product Strategy