On May 9, Tysons Corner, Virginia-based First Guaranty Mortgage Corporation[R] (FGMC) announced it had acquired the assets of good mortgage.com[R], based in Charlotte, North Carolina.
The internet-based lender lends in 18 states and the District of Columbia, and was a pioneer in the development of an online lending platform when it was founded in 1999. The company specializes in consumer-direct lending and does both purchase and refinance loans.
Commenting on the acquisition in a release announcing the deal, Andrew Peters, chief executive officer of First Guaranty Mortgage Corporation, said, "goodmortgage.com is one of the leading consumer-direct lenders in the country and an excellent fit with our strategic initiatives."
Peters added, "This acquisition is yet another positive step in FGMC's continued growth, and we are confident our clients and partners will benefit substantially as a result."