Thompson Coburn has been retained as lead counsel by the Official Committee of Unsecured Creditors in the Chapter 11 Case of First Guaranty Mortgage Corporation and its affiliates. Prior to the bankruptcy filing, FGMC operated as a full service, non-bank mortgage lender offering a full suite of residential mortgage loan options including the origination, purchase, service, sale, and/or securitization of residential real estate mortgage loans. The Debtors were one of the leading independent mortgage companies in the United States originating in excess of $10 billion of residential mortgages annually through their national platform. The Debtors’ estimated total liabilities are approximately $600 million.
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