Company Information

Get to know Equifirst Lending

Founded in 1991, EquiFirst Corporation grew to become one of the largest non-bank subprime mortgage lenders in the United States. The company specialized in providing residential mortgages to borrowers with impaired credit histories. It was acquired by Regions Financial Corporation in 1999. In April 2007, at the peak of the subprime market, Barclays acquired EquiFirst for $225 million. However, due to the rapidly deteriorating market conditions of the subprime mortgage crisis, Barclays announced the closure of EquiFirst's lending operations just four months later in August 2007, resulting in significant job losses and financial writedowns for Barclays.

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Equifirst Lending

United States

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.