"Family First Folds."

Posted: Thu Dec 20, 2007 4:07 am

"Family First Mortgage Corp is closing up" wrote a Tipster tonite.

There's a conference call tomorrow according to our sources.

We are looking for information.

Please post.

C-4 Joined: 09 Oct 2007 Posts: 1343 Location: In the Tank

Randall wrote:

"Family First Mortgage Corp is closing up" wrote a Tipster tonite.

There's a conference call tomorrow according to our sources.

We are looking for information.

Please post.

How big is "First Family"?... 3...5 employees currently?
Sam has not seen them around in a loooooog time. Maybe they are just in different areas of the country...if so, sorry...Sam's fault!

Great concept though. Everybody has family...do your "family First" then you can work referrals from there!

Dud? Joined: 30 Nov 2007 Posts: 2

I Hear the ship is sinking fast and all employees are getting screwed out of their money. They hold $5K - $6K from each branch manager in a "reserve" account. I guess it's a reserve for the owners.

They had about 350 branches at their peak last summer, but are down to about 200 right now and rapidly approaching 0.

They WERE one of the best branch companies to work for!!!

C-4 Joined: 09 Oct 2007 Posts: 1343 Location: In the Tank

phil_aeshio wrote:

I Hear the ship is sinking fast and all employees are getting screwed out of their money. They hold $5K - $6K from each branch manager in a "reserve" account. I guess it's a reserve for the owners.

They had about 350 branches at their peak last summer, but are down to about 200 right now and rapidly approaching 0.

They WERE one of the best branch companies to work for!!!

O.K. Sam stands corrected! Sorry to hear about their demise!...
Best Holiday wishes to all those who will be displaced!

Dbl sorry...after all, it's is Sam's fault!

Dud? Joined: 30 Nov 2007 Posts: 2

Today Family First told those of us that put in payroll requests for Friday's and next Monday's paychecks that they are "temporarily" not processing payroll. WTF. Merry Christmas to Greg and Glenn Hill, too (the CEO and CFO of the company) Laughing

Posted: Thu Dec 20, 2007 4:38 am

Three weeks ago Family First had 171 Branches.

Today they list 130 Branches.

This Implosion could represent a thousand people. At this time, we understand about 14 people are left in the main office.

This forum thread will be posted with the Implosion notice, if the information we're receiving is correct.

SHOCKING information will be coming tomorrow!

Cherry Bomb Joined: 07 Mar 2007 Posts: 102

Where are they located?

Posted: Thu Dec 20, 2007 6:30 am

They started out here in Central FL back in the 1980's...

They were long time family friends, then Ed moved the family up to NC area.

Corp. office is in Palm Coast, FL.

Posted: Thu Dec 20, 2007 6:46 am

unhappy holidays for some

my condolences

Dud? Joined: 13 Jul 2007 Posts: 5

I asked a friend who works for one of the branch offices and he had not heard anything about it as of this morning... He is a little freaked right now though as he has loans ready to fund, etc, etc...
Let us know if you get it confirmed this morning...