origination business, announced $121,000 in net income for the quarter ended Sept. 30. Foxmoor finances residential first and second mortgages, as well as loans to finance work in progress to contractors and dealers through a wholly owned subsidiary, Foxmoor Funding. The company began originating first mortgages in July, funding them from its own cash flow from the construction funding business.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.