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| related topics |
| {loss, insurance, financial} |
| {capital, credit, financial} |
| {acquisition, growth, future} |
| {loan, real, estate} |
| {tax, income, asset} |
| {stock, price, share} |
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LENDING BUSINESS SEGMENT PRIVATE EDUCATION LOANS
Changes in the composition of our Managed student loan portfolio will increase the risk profile of our asset base and our capital requirements.
Past charge-off rates on our Private Education Loans may not be indicative of future charge-off rates because, among other things, we use forbearance policies and our failure to adequately predict and reserve for charge-offs may adversely impact our results of operations.
DEBT MANAGEMENT OPERATIONS BUSINESS SEGMENT
Our growth in our DMO business segment is dependent in part on successfully identifying, consummating and integrating strategic acquisitions.
Our DMO business segment may not be able to purchase defaulted consumer receivables at prices that management believes to be appropriate, and a decrease in our ability to purchase portfolios of receivables could adversely affect our net income.
If our stock price falls significantly, we may be required to settle our equity forward positions in a manner that could have a materially dilutive effect on our common stock.
We are exposed to interest rate risk in the form of basis risk and repricing risk because the interest rate characteristics of our earning assets do not always match exactly the interest rate characteristics of the funding.
We may face limited availability of financing, variation in our funding costs and uncertainty in our securitization financing.
The rating agencies could downgrade the ratings on our senior unsecured debt, which could increase our cost of funds.
Our business is subject to a number of risks, uncertainties and conditions, some of which are not within our control, including general economic conditions, increased competition, adverse changes in the laws and regulations that govern our businesses and failure to successfully identify, consummate and integrate strategic acquisitions.
Full 10-K form ▸
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