Harbourton Mortgage Investment Corp. goes under

The parent company of Harbourton Mortgage Investment Corp. says the Virginia-based lender has closed its doors.

HMIC was forced to stop funding new loans and "initiate a process to wind down its operations" on Dec. 20, after investors who had purchased loans from the company demanded the lender buy them back, according to a statement issued by parent company Harbourton Capital Group Inc.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.