A Plano, Texas-based mortgage lender is laying off hundreds of its employees at its headquarters after what it calls "historical adverse market conditions" in the mortgage lending industry, the latest company involved with real estate to be disrupted as the Federal Reserve has boosted interest rates to try to curb inflation.
Mortgage Lender To Lay Off More Than 400 Workers as Interest Rates Rise
First Guaranty Mortgage Corp. Becomes Latest Lender Hit by What It Called ‘Adverse Market Conditions’
CoStar News
June 28, 2022 | 9:58 P.M.
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IN THIS ARTICLE
- Properties
- Browning Place II
1603 Lyndon B Johnson Fwy, Dallas, TX
- Corporate Point II
401 Corporate Dr, Lewisville, TX
- Legacy Place West
5800 Tennyson Pky, Plano, TX
- Building B
3401 Olympus Blvd, Coppell, TX