TRAC Financial Group Inc., Huntington Beach, Calif., which says it will pursue merger-and-acquisition candidates in the mortgage industry, has announced a change in its trading symbol to reflect its name change from Paramco Financial Group.The company will now trade on the Pink Sheets under the symbol TCFG. TRAC said it has undergone a restructuring of its capital and will operate as a financial services holding company. The company said it plans to acquire mortgage brokers and mortgage bankers with production consisting of loans to entry-level Federal Housing Administration borrowers as well as luxury homebuyers.
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