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First Source Funding Group (FSFG) - Mortgage Banker
2007-04-09
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The following notice was just forwarded to us:
IMPORTANT ANNOUNCEMENT!
March 09, 2007
First Source Funding Group, Inc. ("FSFG") will cease to conduct mortgage banking operations effective immediately. We can no longer accept loan submissions and/or requests for rate locks and/or loan documents. That being said, we harbor the utmost concern for the needs of our customers and we will attempt to accommodate existing transactions to the extent possible. Subject to the availability of funds, FSFG will make every effort to proceed with funding of locked loans with loan documents drawn and released on or before March 8, 2007. From everyone at First Source Funding Group, we wish to thank all of the individuals and companies that have contributed to our success over the past five years.
-FSFG Management
The web site is still up. More details as they come to us.
Update, April 16, 2007: MortgageDaily confirms.
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Important: This company is on our list of lending operations that have "imploded". However, please note that "imploded" is a somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or "firesale" acquisition. All information here is provisional, and may contain inaccuracies (especially newer information). If you are planning on doing business with this company or any other one listed on this site, you should inquire with them directly on whether they can still meet your needs. Many are still operating in some capacity.
