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First Guaranty Mortgage posts $13.06 million net loss for September
By Sarah Lizee
Olympia, Wash., Oct. 28 – First Guaranty Mortgage Corp. reported a $13.06 million net loss on negative $6.06 million of total revenue for the September period, according to its monthly operating reported filed with the U.S. Bankruptcy Court for the District of Delaware.
The company had a $5.16 million loss on the sale of mortgage loans in September.
The cash balance at the end of September was $20.58 million.
The Plano, Tex.-based mortgage lender filed Chapter 11 bankruptcy on June 30 under case number 22-10584.
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