First Mortgage Corp. (FMOR/FMOR.PK) Wrap Up:

First Mortgage Corporation engages in the origination, purchase, warehousing, sale, and servicing of primarily first mortgage loans for the purchase or refinance of owner-occupied one-to-four family residences located principally in California. It sells all mortgage loans that it originates or purchases to institutional investors in the secondary mortgage market. The company originates mortgage loans in geographic areas with moderately priced housing through a network of offices located in California, Nevada, Oregon, Colorado, and Arizona. It originates mortgage loans primarily through three sources: retail, which represents loans generated through real estate agents and builders; direct mar...