Aaron Samples News Today

Our Federal Reserve doesn’t control events around the world, like a ship being stuck in the Suez Canal, or the current Red Sea geopolitical aggression, which can impact our inflation rate or how much money companies or individuals earn. The world changes. What was it like going to a concert 60 years ago? This will give you an idea. Concerts have become huge moneymakers. Along those lines, but in a different industry, the Financial Times reports that JPMorgan took almost a fifth of total U...

“What do you call a Christmas wreath made out of $100 bills? Aretha Franklins.” It’s cutting-edge humor like this that keeps readers coming back for more, right? Or astronomy tips, as today is the Winter Solstice, with the least amount of sunlight in the Northern Hemisphere and a little music to go along with it. “The winter is here again, oh Lord. Haven't been home in a year or more.” (Look at that hair!) Lenders and vendors are hoping that the decline...

The unofficial Chrisman LLC sarcastic slogan is, “We do this not because it is easy, but because we thought it would be easy.” Hopefully, there are no lenders out there with that slogan, as residential lending, done the right way, is not easy. Sometimes residential lending seems discombobulated. Sometimes things settle down and become more orderly: recombobulated! (Workflow and improved lender efficiency are the topics of today’s Mortgage Collaborative Rundown featuring Doni...

As if lenders and vendors don’t have enough other stuff to worry about, the budgetary standoff in the U.S. doesn't look like it will abate soon, raising the likelihood of the first government shutdown since 2019. Current funding for federal operations will end on October 1 unless a deal is reached or the proverbial can kicked down the road. Thousands of federal workers might be furloughed without pay. Sure it will be temporary, and its wider impact will likely be limited, but stil...

Aaron Samples Joins Logan Finance Corporation as Chief Revenue Officer ...

First Guaranty Mortgage Corp. (FGMC) and its affiliate, Maverick II Holdings LLC, filed for Chapter 11 bankruptcy protection today in the U.S. Bankruptcy Court for the District of Delaware, while also announcing it has “identified one or more potential partners” that can provide financial support. The bankruptcy filing comes just six days after FGMC laid off more than 400 people during a 10-minute virtual meeting online.

/PRNewswire/ -- First Guaranty Mortgage Corp. ("FGMC" or "the Company") today announced that the Company and affiliate Maverick II Holdings, LLC filed for...

Pennsylvania-based Customers Bank is listed as the largest unsecured creditor in the FGMC Chapter 11 case — with a claim of $25 million.

The move comes after 428 workers were unceremoniously fired via Microsoft Teams

The declaration comes less than a week after the firm laid off 471 workers, or over 75% of its staff, because of significant operating losses and cash flow challenges.