Mortgage industry trainer Ron Vainberg, president of Ron Vainberg International, has shared some tips on raising profits in a slow sales environment. So reports TheMReport.
Estimated reading time: 0 minutes, 22 seconds
First Guaranty Mortgage Corp. has announced that it filed for bankruptcy, citing “significant operating losses and cash flow challenges” due to “unforeseen” industry conditions.
The Plano, Texas-based company said its bankruptcy filing had no effect on closed mortgages, which are already serviced by third-parties, and that it has “retained a portion of its workforce.”
The move follows reports that First Guaranty laid off 428 of the 565 employees in its suburban Dallas headquarters.
