Mego Mortgage Corp., which is trying to rebuild its business, continues to suffer the consequences of its past strategies.

In a filing with the Securities and Exchange Commission last week, the Atlanta lender said it expects to report a $126 million pretax loss for fiscal 1998. It earned $24 million in fiscal 1997. Mego's fiscal year ends Aug. 31.

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.