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HomeGold Financial, Inc. (HGFNQ) [hlAlert]

HomeGold Financial, Inc. is a specialty finance company primarily engaged in the business of originating and selling conforming and sub-prime first and second-lien residential mortgage loan products (Mortgage Loans) and issuing notes payable and subordinated debentures to investors
through its subsidiary, Carolina Investors, Inc. (CII). HomeGold Financial's major operating subsidiaries are HomeGold, Inc. (HGI) and CII. HomeGold Financial provides Mortgage Loan products primarily to owners of single-family residences who use the loan proceeds for such purposes as refinancing, debt consolidation, home improvements and educational expenditures. A majority of the Mortgage Loans are made to sub-prime borrowers. In March 2003, the Company and HGI filed for reorganization under Chapter 11 of the United States Bankruptcy Code.
( Total: Current Stock Recommendations )
HomeGold Financial, Inc.   ()
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