Another Arizona Mortgage Lender Files For Ch. 11
Spectrum Financial Group Inc. filed its voluntary petition for Chapter 11 on Tuesday in the U.S. Bankruptcy Court for the District of Arizona. The Scottsdale, Ariz.-based company focused its business mainly on residential loans which it presold to a third party.
The company, which claims to be the largest private mortgage brokerage in Arizona, listed assets and debts of under $100 million.
According to the company’s...
To view the full article, register now.