As FGMC shuts down, lender partners question fate of loans in pipeline

Jun 28, 2022 |

Tech-fueled mortgage lender UpEquity just wants answers.   Roughly a year ago, the Austin-based fintech began to sell its loans to First Guaranty Mortgage Corporation (FGMC), a lender and investor that specializes in non-qualified mortgage loans and is controlled by behemoth investment management firm Pacific Investment Management Company (PIMCO).  UpEquity sent between 30 and 40 […more]

Posted in: San Francisco

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