THE J.G. WENTWORTH COMPANY (OTCMKTS:JGWE) Files An 8-K Other Events
Item 8.01 Other Events.
release announcing the closing of its 2017-1 Securitization,
which is a $131,780,000 securitization of notes backed by
structured settlement and annuity payments. A copy of the related
press release is filed herewith as Exhibit 99.1 and is
incorporated into this Current Report on Form 8-K by reference.
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Exhibit No.
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Description
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99.1
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Press Release, dated March 22, 2017, issued by The J.G.
Wentworth Company |
About THE J.G. WENTWORTH COMPANY (OTCMKTS:JGWE)
The J.G. Wentworth Company is a diversified financial services company. The Company focuses on providing solutions to consumers in need of cash. The Company conducts its operations through two segments: Structured Settlements and Annuity Purchasing (Structured Settlements), and Home Lending. The Structured Settlements segment provides liquidity to individuals with various financial assets, such as structured settlements, annuities, and lottery winnings, by either purchasing these financial assets for a lump-sum payment, issuing installment obligations payable over time, or serving as a broker to other purchasers of those financial assets. The Home Lending segment is primarily engaged in retail lending, originating primarily Federal Housing Administration (FHA), Veterans Administration (VA) and conventional loans. The Structured Settlements segment operates with various brands, including J.G. Wentworth and Peachtree. THE J.G. WENTWORTH COMPANY (OTCMKTS:JGWE) Recent Trading Information
THE J.G. WENTWORTH COMPANY (OTCMKTS:JGWE) closed its last trading session up +0.015 at 0.275 with 409,947 shares trading hands.
