Mr. GARY GORDON (Portales Partners): While Washington Mutual certainly does not have a pristine loanportfolio, it's a lot better looking than IndyMac's was.
And these business rely heavily on interest rates as the interest income earned on the outstanding loanportfolio forms a bulk of each of their revenues.
Also, like the big mortgage issuers on the mainland, he has a habit of booking paper gains on the servicing portfolio: As soon as aloan is closed, he books as income the value of the right to service it.
The card loanportfolio came with a large number of private label deals and catapulted the bank to the third position in the private label card industry after GE and Citigroup.
She controls the funds, and her firm is paid fees to manage the CLOs including fees she gets whenever one of the portfolio companies is restructured or gets aloan from her CLOs.
Its loanportfolio includes, among other things, investments in high-end kitchenware maker Sur La Table, a crane rental company, restaurant groups and software makers.