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FADV » Topics » Our revenues depend to an extent on conditions in the mortgage industry specifically and on the health of the economy in general, over which First Advantage has no control.

These excerpts taken from the FADV 10-K filed Feb 28, 2008.

Our revenues depend to an extent on conditions in the mortgage industry specifically and on the health of the economy in general, over which First Advantage has no control.

The downturn in the mortgage industry has resulted in a decline in revenue in our Lender Services business and has had an impact on our financial condition and results of operations. A general economic downturn could result in our customers delaying or decreasing their hiring activity, leading to reduced demand for the products and services offered by our Employer Services business.

Our
revenues depend to an extent on conditions in the mortgage industry specifically and on the health of the economy in general, over which First Advantage has no control.

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">The downturn in the mortgage industry has resulted in a decline in revenue in our Lender Services business and has had an impact on our financial
condition and results of operations. A general economic downturn could result in our customers delaying or decreasing their hiring activity, leading to reduced demand for the products and services offered by our Employer Services business.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 28, 2008

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