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Volume 2017 - Number 31

August 10, 2017

A New Player in Mortgages, CapLoc Gets Stung In Tangle with Former MBA President’s Firm

Not only has the proposed sale of First Mortgage Co. fallen apart, but a recent lawsuit filed against the company by a new warehouse lending firm raises serious questions about FMCís recent profitability and its future. As Inside Mortgage Finance went to press this week, FMC was no longer making new loans, but was still servicing its past production, estimated at $1.67 billion. Company owner and CEO Ron McCord Ė one of six defendants sued by warehouse provider CapLoc Ė said...

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