Posts Tagged ‘mortgage news’

Another Lender Shuts Down

Sprout Mortgage Shuts Down – National Mortgage Professional >> “Sprout President Shea Pallante informed the staff, which totaled more than 300 people, that the company would close its doors immediately – including both its retail and wholesale divisions” I did a transaction with them about 4 years ago – it was not fun by any…

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National Lender Files For Bankruptcy Protection – A Sign of Thing to Come?

FGMC Files For Chapter 11 Bankruptcy Protection “FGMC said the Chapter 11 filing was necessitated by significant operating losses and cash flow challenges experienced by the company due to “unforeseen historical adverse market conditions for the mortgage-lending industry, including unanticipated market volatility.”” 471 employees were laid off, with 134 employees remaining on staff while the…

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Right Trac Financial Group
110 Main Street
Manchester, CT 06042
Phone: (860) 647-7701

Right Trac Financial Group Trac Financial Group, Inc.
Mortgage Broker License Number: MB2709
Licensed in: Connecticut, Maine, Massachusetts, Florida, New York, Rhode Island, Vermont and Licensed by the New Hampshire Banking Department

Equal Housing Lender