FirstPlus Financial Group Inc., said Tuesday that it would take a $95.7 million charge, resulting in an $82 million third-quarter loss, because of its recent restructuring.

The company, which specializes in loans for up to 125% of a home's value, said the charge reflected adjustments of $48.1 million to the value of its loan portfolio, $10 million to the value of its servicing portfolio, and $43.1 million to the valuation on residuals from its securitizations.

In addition, the company will take a $33 million charge for "leaseholds, assets, and liabilities" related to businesses it is quitting.

In October, FirstPlus announced it would sell its servicing portfolio to Coast to Coast Financial Corp., a subsidiary of Superior Bank, and shed noncore businesses.

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