Nonbank Hometown Lenders files for bankruptcy [Yahoo! Finance]
First Horizon Corporation (FHN)
Last first horizon corporation earnings: 4/21 06:30 am
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Source: Yahoo! Finance
In court filings, the Huntsville, Alabama-based company stated that as of April 30, 2023, it owed approximately $107.1 million to taxing authorities, former employees, warehouse lenders , and general unsecured creditors. Warehouse lender Flagstar Bank , which has a lawsuit filed against Hometown Lenders has the largest unsecured claim, $20.1 million. It's followed by another warehouse lender, First Horizon Bank ($3.5 million), investor Freddie Mac ($3.4 million), and the Internal Revenue Service Hometown Lenders , founded in 2000 by William Taylor, had 1,400 employees in 46 states in 2021. According to mortgage tech platform Modex , it originated $3.3 billion in 2022, compared to $5.5 billion the previous year. Most were conventional (67%) and purchase (75%) loans. “The Debtor, however, was not immune from the consequences of the Federal Reserve's policy to curb inflation, which hit the mortgage industry in 2022,” Hometown's attorneys said in court filings. “As a result of the
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FHN
News
- First Horizon Co. (NYSE: FHN) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- First Horizon Foundation Awards $1.6 Million to Grants for Good Recipients [Yahoo! Finance]Yahoo! Finance
- First Horizon Foundation Awards $1.6 Million to Grants for Good RecipientsPR Newswire
- First Horizon Bank has been named to the Financial Brand's Power 100 Banks Using Social Media [Yahoo! Finance]Yahoo! Finance
- First Horizon Bank has been named to the Financial Brand's Power 100 Banks Using Social MediaPR Newswire
FHN
Earnings
- 4/17/24 - Beat
FHN
Sec Filings
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- FHN's page on the SEC website