Newton, Mass.-based residential mortgage company 1st New England Mortgage Corp. has filed for chapter 7 bankruptcy, the Boston Business Journal reported today. First New England Mortgage Corp. does business as Aberdeen Mortgage, FNE Mortgage and First New England Mortgage, according to the bankruptcy filing. The mortgage company had $1.2 million in liabilities, including $124,456.28 to Company President and CEO David W. Black and $944,375.47 to Lehman Brothers Holdings Inc. care of Dallas-based Locke Lord LLP, according to the bankruptcy papers.
