A mortgage banking firm out of Northern California that was founded nearly four decades ago reportedly laid off all of its employees and ended lending operations.

First California Mortgage Co. was originally founded in 1977. First Cal subsequently launched Headlands Mortgage Co.

According to First Cal’s LinkedIn profile, Headlands grew to become a 42-state lender and “was sold to a Fortune 100 firm in the mid 1990s.”

Source: Mortgage Daily