FirstCity Financial Corporation, a financial services company, engages in the acquisition, management, servicing, and resolution of portfolio assets. In the portfolio asset acquisition and resolution business, it acquires and resolves portfolios of performing and nonperforming commercial and consumer loans, real estate and other assets at a discount to face value, and services and resolves such portfolios in an effort to maximize the present value of the ultimate cash recoveries. The company operates in the United States, Mexico, France, and South America. FirstCity Financial is headquartered in Waco, Texas.
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