Business Directory: Details: Firstcity Financial Corporation
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Website Address: http://www.business.com/directory/financ...
Website Description:
Firstcity Financial Corporation. The Group's principal activities are acquisition, management, servicing and resolution of Portfolio Assets. The activities of the Group are divided into two reportable segments: Portfolio Asset Acquisition and Resolution where in the subsidiary acquires and resolves portfolios of performing and non performing commercial and consumer loans and other assets that are generally acquired at a discount to face value. Consumer Lending activities which include the origination, acquisition and servicing of sub-prime consumer loans principally secured by automobiles with the intention of selling the acquired loans in securitization transactions.
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