On its website, First Guaranty Mortgage Corp. (FGMC) lists four “company pillars,” one of which is “strengthen communications.” “Relationships are the foundation of our business,” it states for this pillar. “We are committed to ongoing, transparent communication internally with each other and externally to our customers. By communicating effectively, we ensure that we are keeping our promises to one another and following through on our commitments.”
Plano, Texas-based lender lays off three-fourths of workforce, saying it's experienced "significant operating losses and cash flow challenges" and has been unable to obtain funding.