Texas Subprime Lender Closes

Posted on February 13 By MLP Blog

A Dallas, TX-based wholesaler shut its doors today according to a report over at MortgageDaily.com (sub). First Consolidated Mortgage Co. confirmed today that it was shutting down only a month after they put a halt to any further subprime loan generation.

Just another drop in the ocean of the ‘subprime fallout’ that is providing a wealth of media attention (albeit mostly negative) for the mortgage industry and the housing market.

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