Exhibit 21.1

FIRSTCITY FINANCIAL CORPORATION

|A. |  | Corporations:                                       |  |                                                                   |  |                          |  |            
|-- |  | --------------------------------------------------- |  | ----------------------------------------------------------------- |  | ------------------------ |  | -----------
|   |  | Name:                                               |  | Bosque Asset Corp.                                                |  |                          |  |            
|   |  | Jurisdiction:                                       |  | Texas, incorporated on March 27, 1997                            
|   |  | Shareholder:                                        |  | FirstCity Financial Corporation                                   |  | 10,000 Shares            |  | (100%)     
|   |  | Name:                                               |  | FirstCity Commercial Corporation (formerly J-Hawk Corporation)   
|   |  | Jurisdiction:                                       |  | Texas, incorporated on July 21, 1995                             
|   |  | Shareholder:                                        |  | FirstCity Financial Corporation                                   |  | 1,000 Shares             |  | Cert. No. 1
|   |  | Consolidated Subsidiary:                            |  | Yes                                                               |  |                          |  |            
|   |  | Name:                                               |  | FC Capital Corp. (d/b/a FirstCity Capital Corporation)           
|   |  | Jurisdiction:                                       |  | New York, incorporated on August 4, 1997                         
|   |  | Shareholder:                                        |  | FirstCity Financial Corporation                                   |  | 1,000,000 Shares         |  | (100%)     
|   |  | Name:                                               |  | FirstCity Consumer Lending Corporation                           
|   |  | Jurisdiction:                                       |  | Texas, incorporated on September 5, 1997                         
|   |  | Shareholder:                                        |  | FirstCity Financial Corporation                                   |  | 1,000 Shares             |  | (100%)     
|   |  | Name:                                               |  | FirstCity Business Lending Corporation                           
|   |  | Jurisdiction:                                       |  | Texas, incorporated on June 6, 2006                              
|   |  | Shareholder:                                        |  | FirstCity Financial Corporation                                   |  | 400 Shares               |  | (100%)     
|   |  | Name:                                               |  | American Business Lending, Inc.                                  
|   |  | Jurisdiction:                                       |  | Texas, incorporated on June 6, 2006                              
|   |  | Shareholder:                                        |  | FirstCity Business Lending Corporation                            |  | 96,000 Common Shares     |  | (96.0%)    
|   |  |                                                     |  |                                                                   |  | 800,000 Preferred Shares |  |            
|B. |  | Corporate General Partners of Limited Partnerships: |  |                                                                   |  |                          |  |            
|   |  | Name:                                               |  | Bosque Asset GP Corp. (formerly SLP Assets GP Corp.)             
|   |  | Jurisdiction:                                       |  | Texas, incorporated on April 12, 2001                            
|   |  | Shareholder:                                        |  | FirstCity Financial Corporation                                   |  | 400 Shares               |  | (100%)     
|   |  | Name:                                               |  | Bosque Leasing GP Corp. (formerly Bosque Investment Realty Corp.)
|   |  | Jurisdiction:                                       |  | Texas, incorporated on June 6, 1997                              
|   |  | Shareholder:                                        |  | Bosque Asset Corp.                                                |  | 400 Shares               |  | (100%)     
|C. |  | Limited Partnerships:                               |  |                                                                  
|   |  | Name:                                               |  | Bosque Asset Funding, L.P. (formerly SLP Assets, Ltd.)           
|   |  | Jurisdiction:                                       |  | Texas, certificate filed on April 12, 2001                       
|   |  | Partners:                                           |  | Bosque Asset GP Corp.                                             |  | General                  |  | 0.50%      
|   |  |                                                     |  | FirstCity Financial Corporation                                   |  | Limited                  |  | 99.50%     
|   |  |                                                     |  |                                                                   |  |                          |  |            

1

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|   |  | Name:                                                                                                                                                                                                                                               |  | Bosque Leasing, L.P. (formerly Bosque Investment Realty Partners, L.P.)
|-- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -----------------------------------------------------------------------
|   |  | Jurisdiction:                                                                                                                                                                                                                                       |  | Texas, certificate filed on June 6, 1997                               
|   |  | Partners:                                                                                                                                                                                                                                           |  | Bosque Leasing GP Corp.                                                
|   |  |                                                                                                                                                                                                                                                     |  | Bosque Asset Corp.                                                     
|2. |  | FirstCity Commercial Corporation.    The following corporations, limited partnerships, limited liability companies and other entities are entities in which FirstCity
Commercial Corporation or certain of its subsidiaries own an equity interest. |  |                                                                        
|A. |  | Corporations and other Entities:                                                                                                                                                                                                                    |  |                                                                        
|   |  | Name:                                                                                                                                                                                                                                               |  | FirstCity Holdings Corporation                                         
|   |  | Jurisdiction:                                                                                                                                                                                                                                       |  | Texas, incorporated on October 16, 1998                                
|   |  | Shareholder:                                                                                                                                                                                                                                        |  | FirstCity Commercial Corporation                                       
|   |  | Name:                                                                                                                                                                                                                                               |  | FirstCity Denver Investment Corp.                                      
|   |  | Jurisdiction:                                                                                                                                                                                                                                       |  | Texas, incorporated on April 9, 2007                                   
|   |  | Shareholder:                                                                                                                                                                                                                                        |  | FirstCity Commercial Corporation                                       
|   |  | Name:                                                                                                                                                                                                                                               |  | FirstCity Crestone LLC                                                 
|   |  | Jurisdiction:                                                                                                                                                                                                                                       |  | Texas, formed on April 9, 2007                                         
|   |  | Shareholder:                                                                                                                                                                                                                                        |  | FirstCity Denver Investment Corp.                                      
|   |  | Name:                                                                                                                                                                                                                                               |  | FirstCity Europe Corporation                                           
|   |  | Jurisdiction:                                                                                                                                                                                                                                       |  | Texas; incorporated on May 12, 2003                                    
|   |  | Shareholder:                                                                                                                                                                                                                                        |  | FirstCity Commercial Corporation                                       
|   |  | Name:                                                                                                                                                                                                                                               |  | Calibat Fund Limited Liability Company                                 
|   |  | Jurisdiction:                                                                                                                                                                                                                                       |  | Minnesota                                                              
|   |  | Member:                                                                                                                                                                                                                                             |  | FirstCity Commercial Corporation                                       
|   |  | Name:                                                                                                                                                                                                                                               |  | FC Funding Corp.                                                       
|   |  | Jurisdiction:                                                                                                                                                                                                                                       |  | Texas, incorporated on March 26, 1996                                  
|   |  | Shareholder:                                                                                                                                                                                                                                        |  | FirstCity Commercial Corporation                                       
|   |  | Name:                                                                                                                                                                                                                                               |  | F & C Texas Holdings Corporation                                       
|   |  | Jurisdiction:                                                                                                                                                                                                                                       |  | Texas, incorporated on November 23, 2005                               
|   |  | Shareholder:                                                                                                                                                                                                                                        |  | FirstCity Commercial Corporation                                       
|   |  | Name:                                                                                                                                                                                                                                               |  | F & C Delaware Holdings Corporation                                    
|   |  | Jurisdiction:                                                                                                                                                                                                                                       |  | Delaware, incorporated on November 22, 2005                            
|   |  | Shareholder:                                                                                                                                                                                                                                        |  | F & C Texas Holdings Corporation                                       
|B. |  | Corporate General Partners of Limited Partnerships:                                                                                                                                                                                                 |  |                                                                        
|   |  | Name:                                                                                                                                                                                                                                               |  | WAMCO XX of Texas, Inc.                                                
|   |  | Jurisdiction:                                                                                                                                                                                                                                       |  | Texas                                                                  
|   |  | Shareholder:                                                                                                                                                                                                                                        |  | FirstCity Commercial Corporation                                       
|   |  | Name:                                                                                                                                                                                                                                               |  | WAMCO XXIV of Texas, Inc.                                              
|   |  | Jurisdiction:                                                                                                                                                                                                                                       |  | Texas, incorporated on March 6, 1996                                   
|   |  | Shareholder:                                                                                                                                                                                                                                        |  | FirstCity Commercial Corporation                                       
|   |  | Name:                                                                                                                                                                                                                                               |  | WAMCO XXVI of Texas, Inc.                                              
|   |  | Jurisdiction:                                                                                                                                                                                                                                       |  | Texas, incorporated on September 22, 1998                              
|   |  | Shareholder:                                                                                                                                                                                                                                        |  | FirstCity Commercial Corporation                                       
|   |  |                                                                                                                                                                                                                                                     |  |                                                                        

2

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|   |  | Name:                 |  | FH Asset Corp.                                 |  |                 |  |         |  | 
|-- |  | --------------------- |  | ---------------------------------------------- |  | --------------- |  | ------- |  | 
|   |  | Jurisdiction:         |  | Texas, incorporated on December 17, 1996      
|   |  | Shareholder:          |  | FirstCity Commercial Corporation               |  | 200 Shares      |  | (95%)   |  | 
|   |  |                       |  | FirstCity Holdings Corporation                 |  | 9.53 Shares     |  | (5%)    |  | 
|   |  | Name:                 |  | DFC Asset Corp.                                |  |                 |  |         |  | 
|   |  | Jurisdiction:         |  | Texas, incorporated on July 26, 1995           |  |                 |  |         |  | 
|   |  | Shareholder:          |  | FirstCity Commercial Corporation               |  | 1,000 Shares    |  | (100%)  |  | 
|   |  | Name:                 |  | First C Corp.                                  |  |                 |  |         |  | 
|   |  | Jurisdiction:         |  | Texas, incorporated on March 6, 1998          
|   |  | Shareholder:          |  | FirstCity Commercial Corporation               |  | 200 Shares      |  | (100%)  |  | 
|   |  | Name:                 |  | First X Corp.                                  |  |                 |  |         |  | 
|   |  | Jurisdiction:         |  | Texas, incorporated on October 3, 1996        
|   |  | Shareholder:          |  | FirstCity Commercial Corporation               |  | 200 Shares      |  | (100%)  |  | 
|   |  | Name:                 |  | First B Corp.                                  |  |                 |  |         |  | 
|   |  | Jurisdiction:         |  | Texas, incorporated on October 10, 1997       
|   |  | Shareholder:          |  | FirstCity Commercial Corporation               |  | 400 Shares      |  | (100%)  |  | 
|   |  | Name:                 |  | FirstGreen GP LLC                              |  |                 |  |         |  | 
|   |  | Jurisdiction:         |  | Delaware; formed on August 29, 2003            |  |                 |  |         |  | 
|   |  | Member:               |  | FirstCity Commercial Corporation               |  | (100%)          |  |         |  | 
|   |  | Name:                 |  | FC Washington GP LLC                           |  |                 |  |         |  | 
|   |  | Jurisdiction:         |  | Texas; formed on April 20, 2005                |  |                 |  |         |  | 
|   |  | Member:               |  | FirstCity Commercial Corporation               |  | (100%)          |  |         |  | 
|C. |  | Limited Partnerships: |  |                                                |  |                 |  |        
|   |  | Name:                 |  | WAMCO XX, Ltd.                                 |  |                 |  |         |  | 
|   |  | Jurisdiction:         |  | Texas                                          |  |                 |  |         |  | 
|   |  | Partners:             |  | WAMCO XX of Texas, Inc.                        |  | General         |  | 2%      |  | 
|   |  |                       |  | FirstCity Commercial Corporation               |  | Class A Limited |  | 49%     |  | 
|   |  | Name:                 |  | WAMCO XXIV, Ltd.                               |  |                 |  |         |  | 
|   |  | Jurisdiction:         |  | Texas, certificate filed on March 6, 1996     
|   |  | Partners:             |  | WAMCO XXIV of Texas, Inc.                      |  | General         |  | 2%      |  | 
|   |  |                       |  | FirstCity Commercial Corporation               |  | Limited         |  | 49%     |  | 
|   |  | Name:                 |  | WAMCO XXVI, Ltd.                               |  |                 |  |         |  | 
|   |  | Jurisdiction:         |  | Texas, certificate filed on September 22, 1998
|   |  | Partners:             |  | WAMCO XXVI of Texas, Inc.                      |  | General         |  | 0.50%   |  | 
|   |  |                       |  | FirstCity Commercial Corporation               |  | Limited         |  | 49.75%  |  | 
|   |  | Name:                 |  | FH Partners, L.P.                              |  |                 |  |         |  | 
|   |  | Jurisdiction:         |  | Texas, certificate filed on December 17, 1996 
|   |  | Partners:             |  | FH Asset Corp.                                 |  | General         |  | 1.804%  |  | 
|   |  |                       |  | FirstCity Commercial Corporation               |  | Limited         |  | 85.223% |  | 
|   |  |                       |  | FirstCity Holdings Corporation                 |  | Limited         |  | 12.973% |  | 
|   |  | Name:                 |  | First C Partners, L.P.                         |  |                 |  |         |  | 
|   |  | Jurisdiction:         |  | Texas, certificate filed on March 6, 1998     
|   |  | Partners:             |  | First C Corp.                                  |  | General         |  | 2%      |  | 
|   |  |                       |  | FirstCity Commercial Corporation               |  | Limited         |  | 98%     |  | 
|   |  | Name:                 |  | First X Realty, L.P.                          
|   |  | Jurisdiction:         |  | Texas, certificate filed on October 3, 1996   
|   |  | Partners:             |  | First X Corp.                                  |  | General         |  | 2%      |  | 
|   |  |                       |  | FirstCity Commercial Corporation               |  | Limited         |  | 98%     |  | 
|   |  |                       |  |                                                |  |                 |  |         |  | 

3

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|   |  | Name:                                                             |  | First B Realty, L.P.                         |  |              |  |        |  | 
|-- |  | ----------------------------------------------------------------- |  | -------------------------------------------- |  | ------------ |  | ------ |  | 
|   |  | Jurisdiction:                                                     |  | Texas, certificate filed on October 10, 1997
|   |  | Partners:                                                         |  | First B Corp.                                |  | General      |  | 1%     |  | 
|   |  |                                                                   |  | FirstCity Commercial Corporation             |  | Limited      |  | 49%    |  | 
|   |  | Name:                                                             |  | Diversified Financial Systems, L.P.         
|   |  | Jurisdiction:                                                     |  | Texas, certificate filed on April 19, 1999  
|   |  | Partners:                                                         |  | DFC Asset Corp.                              |  | General      |  | 1.0%   |  | 
|   |  |                                                                   |  | FirstCity Commercial Corporation             |  | Limited      |  | 99.0%  |  | 
|   |  | Name:                                                             |  | FirstGreen LP                                |  |              |  |        |  | 
|   |  | Jurisdiction:                                                     |  | Delaware, August 29, 2003                    |  |              |  |        |  | 
|   |  | Partners:                                                         |  | FirstGreen GP LLC                            |  | General      |  | 1.00%  |  | 
|   |  |                                                                   |  | FirstCity Commercial Corporation             |  | Limited      |  | 99.00% |  | 
|   |  | Name:                                                             |  | FC Washington I LP                           |  |              |  |        |  | 
|   |  | Jurisdiction:                                                     |  | Texas, April 20, 2005                        |  |              |  |        |  | 
|   |  | Partners:                                                         |  | FC Washington GP LLC                         |  | General      |  | 1.00%  |  | 
|   |  |                                                                   |  | FirstCity Commercial Corporation             |  | Limited      |  | 99.00% |  | 
|D. |  | Corporate General Partners of REO Affiliate Limited Partnerships: |  |                                             
|   |  | Name:                                                             |  | SOWAMCO XX of Texas, Inc.                   
|   |  | Jurisdiction:                                                     |  | Texas                                        |  |              |  |        |  | 
|   |  | Shareholder:                                                      |  | FirstCity Commercial Corporation             |  | 1,800 Shares |  | (50%)  |  | 
|   |  | Name:                                                             |  | SOWAMCO XXIV of Texas, Inc.                 
|   |  | Jurisdiction:                                                     |  | Texas, incorporated on December 15, 1993    
|   |  | Shareholder:                                                      |  | FirstCity Commercial Corporation             |  | 200 Shares   |  | (50%)  |  | 
|   |  | Name:                                                             |  | FH Properties of Texas, Inc.                
|   |  | Jurisdiction:                                                     |  | Texas, incorporated on November 19, 1997    
|   |  | Shareholder:                                                      |  | FirstCity Commercial Corporation             |  | 200 Shares   |  | (100%) |  | 
|   |  | Name:                                                             |  | MA Realco, Inc.                              |  |              |  |        |  | 
|   |  | Jurisdiction:                                                     |  | Texas, incorporated on July 25, 1995        
|   |  | Shareholder:                                                      |  | FirstCity Commercial Corporation             |  | 200 Shares   |  | (100%) |  | 
|   |  | Name:                                                             |  | Paloma Asset Corp.                           |  |              |  |        |  | 
|   |  | Jurisdiction:                                                     |  | Texas, incorporated on November 26, 1996    
|   |  | Shareholder:                                                      |  | FirstCity Commercial Corporation             |  | 200 Shares   |  | (50%)  |  | 
|   |  | Name:                                                             |  | SV Asset Corp.                               |  |              |  |        |  | 
|   |  | Jurisdiction:                                                     |  | Texas, incorporated on July 21, 1995        
|   |  | Shareholder:                                                      |  | FirstCity Commercial Corporation             |  | 200 Shares   |  | (100%) |  | 
|   |  | Name:                                                             |  | SVD Realty Asset Corp.                       |  |              |  |        |  | 
|   |  | Jurisdiction:                                                     |  | Texas, incorporated on June 6, 1997         
|   |  | Shareholder:                                                      |  | FirstCity Commercial Corporation             |  | 400 Shares   |  | (100%) |  | 
|   |  | Name:                                                             |  | EuroTex Partners GP Corp.                    |  |              |  |        |  | 
|   |  | Jurisdiction:                                                     |  | Texas, incorporated on June 18, 2004        
|   |  | Shareholder:                                                      |  | FirstCity Commercial Corporation             |  | 400 Shares   |  | (100%) |  | 
|E. |  | REO Affiliate Limited Partnerships:                               |  |                                             
|   |  | Name:                                                             |  | SOWAMCO XX, Ltd.                             |  |              |  |        |  | 
|   |  | Jurisdiction:                                                     |  | Texas                                        |  |              |  |        |  | 
|   |  | Partners:                                                         |  | SOWAMCO XX of Texas, Inc.                    |  | General      |  | 2%     |  | 
|   |  |                                                                   |  | WAMCO XX, Ltd.                               |  | Limited      |  | 98%    |  | 
|   |  |                                                                   |  |                                              |  |              |  |        |  | 

4

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| |  | Name:         |  | SOWAMCO XXIV, Ltd.                                                   |  |         |  |        |  | 
| |  | ------------- |  | -------------------------------------------------------------------- |  | ------- |  | ------ |  | 
| |  | Jurisdiction: |  | Texas, filed Certificate of Limited Partnership on December 15, 1993
| |  | Partners:     |  | SOWAMCO XXIV of Texas, Inc.                                          |  | General |  | 2%     |  | 
| |  |               |  | WAMCO XXIV, Ltd.                                                     |  | Limited |  | 98%    |  | 
| |  | Name:         |  | FH Properties, L.P.                                                  |  |         |  |        |  | 
| |  | Jurisdiction: |  | Texas, certificate filed on November 19, 1997                       
| |  | Partners:     |  | FH Properties of Texas, Inc.                                         |  | General |  | 2%     |  | 
| |  |               |  | FH Partners, L.P.                                                    |  | Limited |  | 98%    |  | 
| |  | Name:         |  | MA Realco Partners, Ltd.                                            
| |  | Jurisdiction: |  | Texas, certificate filed on July 25, 1995                           
| |  | Partners:     |  | MA Realco, Inc.                                                      |  | General |  | 2%     |  | 
| |  |               |  | SV Asset Partners, LP                                                |  | Limited |  | 98%    |  | 
| |  | Name:         |  | Paloma Realty, Ltd.                                                  |  |         |  |        |  | 
| |  | Jurisdiction: |  | Texas, certificate filed on November 26, 1996                       
| |  | Partners:     |  | Paloma Asset Corp.                                                   |  | General |  | 2%     |  | 
| |  |               |  | WAMCO XXV Ltd.                                                       |  | Limited |  | 98%    |  | 
| |  | Name:         |  | SV Asset Partners, LP                                                |  |         |  |        |  | 
| |  | Jurisdiction: |  | Texas, certificate filed on July 25, 1995                           
| |  | Partners:     |  | SV Asset Corp.                                                       |  | General |  | 2%     |  | 
| |  |               |  | FirstCity Commercial Corporation                                     |  | Limited |  | 98%    |  | 
| |  | Name:         |  | SVD Realty, L.P.                                                     |  |         |  |        |  | 
| |  | Jurisdiction: |  | Texas, certificate filed on June 6, 1997                            
| |  | Partners:     |  | SVD Realty Asset Corp.                                               |  | General |  | 2%     |  | 
| |  |               |  | FirstCity Commercial Corporation                                     |  | Limited |  | 98%    |  | 
| |  | Name:         |  | EuroTex Partners, Ltd.                                               |  |         |  |        |  | 
| |  | Jurisdiction: |  | Texas, certificate filed on June 18, 2004                           
| |  | Partners:     |  | EuroTex Partners GP Corp.                                            |  | General |  | 0.50%  |  | 
| |  |               |  | FirstCity Commercial Corporation                                     |  | Limited |  | 99.50% |  | 

5

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|A. |  | Corporations and other Entities:                                                                                                                                                                                                                |  |                                                                           |  |               |  |       
|-- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------------------------------------------------------------------- |  | ------------- |  | ------
|   |  | Name:                                                                                                                                                                                                                                           |  | P.R.L. Developpement, S.A.S.                                             
|   |  | Jurisdiction:                                                                                                                                                                                                                                   |  | France                                                                    |  |               |  |       
|   |  | Ownership:                                                                                                                                                                                                                                      |  | FirstCity Europe Corporation                                              |  | 43.5%         |  |       
|   |  | Name:                                                                                                                                                                                                                                           |  | UBN, Societe Anonyme                                                     
|   |  | Jurisdiction:                                                                                                                                                                                                                                   |  | France                                                                    |  |               |  |       
|   |  | Ownership:                                                                                                                                                                                                                                      |  | P.R.L. Developpement, S.A.S.                                              |  | 100%          |  |       
|   |  | Name:                                                                                                                                                                                                                                           |  | SAI, Societe Auxiliaire Immobiliere                                      
|   |  | Jurisdiction                                                                                                                                                                                                                                    |  | France                                                                    |  |               |  |       
|   |  | Shareholder:                                                                                                                                                                                                                                    |  | FirstCity Europe Corporation                                              |  | 22.5%         |  |       
|   |  | Name:                                                                                                                                                                                                                                           |  | HMCS Investment GmbH                                                      |  |               |  |       
|   |  | Jurisdiction:                                                                                                                                                                                                                                   |  | Germany                                                                   |  |               |  |       
|   |  | Ownership:                                                                                                                                                                                                                                      |  | MCS et Associes, S.A.                                                     |  | 16.4%         |  |       
|   |  |                                                                                                                                                                                                                                                 |  | FirstCity Europe Corporation                                              |  | 16.3%         |  |       
|4. |  | FirstCity Holdings Corporation.    The following corporations, limited partnerships, limited liability companies and other entities are entities in which FirstCity Holdings
Corporation or certain of its subsidiaries own an equity interest. |  |                                                                          
|A. |  | Corporations and other Entities:                                                                                                                                                                                                                |  |                                                                           |  |               |  |       
|   |  | Name:                                                                                                                                                                                                                                           |  | FirstCity Holdings Corporation of Minnesota                              
|   |  | Jurisdiction:                                                                                                                                                                                                                                   |  | Texas, incorporated on March 11, 2002                                    
|   |  | Shareholder:                                                                                                                                                                                                                                    |  | FirstCity Holdings Corporation                                            |  | 400 Shares    |  | (100%)
|   |  | Name:                                                                                                                                                                                                                                           |  | FirstCity Servicing Corporation (formerly J-Hawk Servicing Corporation)  
|   |  | Jurisdiction:                                                                                                                                                                                                                                   |  | Texas, incorporated on July 25, 1995                                     
|   |  | Shareholder:                                                                                                                                                                                                                                    |  | FirstCity Holdings Corporation                                            |  | 1,000 Shares  |  | (100%)
|   |  | Name:                                                                                                                                                                                                                                           |  | FirstCity International Corporation (formerly J-Hawk International Corp.)
|   |  | Jurisdiction:                                                                                                                                                                                                                                   |  | Texas; incorporated on December 19, 1996                                 
|   |  | Shareholder:                                                                                                                                                                                                                                    |  | FirstCity Holdings Corporation                                            |  | 200 Shares    |  | (100%)
|   |  | Name:                                                                                                                                                                                                                                           |  | FirstCity Japan, Inc.                                                     |  |               |  |       
|   |  | Jurisdiction:                                                                                                                                                                                                                                   |  | Texas, incorporated on October 16, 1998                                  
|   |  | Shareholder:                                                                                                                                                                                                                                    |  | FirstCity Holdings Corporation                                            |  | 10,000 Shares |  | (100%)
|   |  | Name:                                                                                                                                                                                                                                           |  | Crinoline Investments B.V.                                               
|   |  | Jurisdiction:                                                                                                                                                                                                                                   |  | The Netherlands, established on October 1, 1997                          
|   |  | Shareholder:                                                                                                                                                                                                                                    |  | FirstCity Japan, Inc.                                                     |  | 410 Shares    |  | (100%)
|   |  | Name:                                                                                                                                                                                                                                           |  | FirstCity Mexico, Inc.                                                    |  |               |  |       
|   |  | Jurisdiction:                                                                                                                                                                                                                                   |  | Texas, incorporated on December 9, 1998                                  
|   |  | Shareholder:                                                                                                                                                                                                                                    |  | FirstCity Holdings Corporation                                            |  | 1,000 Shares  |  | (100%)
|   |  | Name:                                                                                                                                                                                                                                           |  | FirstCity South America, LLC                                              |  |               |  |       
|   |  | Jurisdiction:                                                                                                                                                                                                                                   |  | Texas, formed December 12, 2003                                           |  |               |  |       
|   |  | Member:                                                                                                                                                                                                                                         |  | FirstCity Holdings Corporation                                            |  | 500 Units     |  | (50%) 
|   |  | Name:                                                                                                                                                                                                                                           |  | FirstCity Chile, Ltda.                                                    |  |               |  |       
|   |  | Jurisdiction:                                                                                                                                                                                                                                   |  | Chile, formed May 24, 2005                                                |  |               |  |       
|   |  | Shareholders:                                                                                                                                                                                                                                   |  | FirstCity Holdings Corporation                                            |  | 99.99%        |  |       
|   |  |                                                                                                                                                                                                                                                 |  | FirstCity Commercial Corporation                                          |  | 00.01%        |  |       
|   |  |                                                                                                                                                                                                                                                 |  |                                                                           |  |               |  |       

6

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|   |  | Name:                                               |  | CFSC Consortium, LLC                      |  |            |  |       |  | 
|-- |  | --------------------------------------------------- |  | ----------------------------------------- |  | ---------- |  | ----- |  | 
|   |  | Jurisdiction:                                       |  | Delaware, incorporated on August 12, 1999
|   |  | Member:                                             |  | WAMCO XXVII, Ltd.                         |  | 51.16%     |  |       |  | 
|B. |  | Corporate General Partners of Limited Partnerships: |  |                                           |  |           
|   |  | Name:                                               |  | WAMCO XXVII of Texas, Inc.                |  |            |  |       |  | 
|   |  | Jurisdiction:                                       |  | Texas, incorporated on September 20, 1999
|   |  | Shareholder:                                        |  | FirstCity Holdings Corporation            |  | 200 Shares |  | (50%) |  | 
|   |  | Name:                                               |  | WAMCO 30 of Texas, Inc.                   |  |            |  |       |  | 
|   |  | Jurisdiction:                                       |  | Texas, incorporated on January 5, 2001   
|   |  | Shareholder:                                        |  | FirstCity Holdings Corporation            |  | 200 Shares |  | (50%) |  | 
|   |  | Name:                                               |  | WAMCO 31 of Texas, Inc.                   |  |            |  |       |  | 
|   |  | Jurisdiction:                                       |  | Texas, incorporated on February 20, 2003 
|   |  | Shareholder:                                        |  | FirstCity Holdings Corporation            |  | 200 Shares |  | (50%) |  | 
|   |  | Name:                                               |  | WAMCO 32 of Texas, Inc.                   |  |            |  |       |  | 
|   |  | Jurisdiction:                                       |  | Texas, incorporated on October 8, 2003    |  |            |  |       |  | 
|   |  | Shareholder:                                        |  | FirstCity Holdings Corporation            |  | 200 Shares |  | (50%) |  | 
|   |  | Name:                                               |  | WAMCO 33 of Texas, Inc.                   |  |            |  |       |  | 
|   |  | Jurisdiction:                                       |  | Texas, incorporated on November 12, 2003 
|   |  | Shareholder:                                        |  | FirstCity Holdings Corporation            |  | 200 Shares |  | (50%) |  | 
|   |  | Name:                                               |  | WAMCO 34 of Texas, Inc.                   |  |            |  |       |  | 
|   |  | Jurisdiction:                                       |  | Texas, incorporated on February 2, 2005   |  |            |  |       |  | 
|   |  | Shareholder:                                        |  | FirstCity Holdings Corporation            |  | 200 Shares |  | (50%) |  | 
|   |  | Name:                                               |  | WAMCO 35 of Texas, Inc.                   |  |            |  |       |  | 
|   |  | Jurisdiction:                                       |  | Texas, incorporated on February 28, 2006  |  |            |  |       |  | 
|   |  | Shareholder:                                        |  | FirstCity Holdings Corporation            |  | 200 Shares |  | (50%) |  | 
|   |  | Name:                                               |  | WAMCO 80 of Texas, Inc.                   |  |            |  |       |  | 
|   |  | Jurisdiction:                                       |  | Texas, incorporated on March 24, 2006     |  |            |  |       |  | 
|   |  | Shareholder:                                        |  | FirstCity Holdings Corporation            |  | 250 Shares |  | (50%) |  | 
|   |  | Name:                                               |  | FirstVal 1 GP Corp.                       |  |            |  |       |  | 
|   |  | Jurisdiction:                                       |  | Texas, incorporated on September 14, 2006 |  |            |  |       |  | 
|   |  | Shareholder:                                        |  | FirstCity Holdings Corporation            |  | 200 Shares |  | (50%) |  | 
|   |  | Name:                                               |  | FCS Wood GP, Corp.                        |  |            |  |       |  | 
|   |  | Jurisdiction:                                       |  | Texas, incorporated on September 15, 1998 |  |            |  |       |  | 
|   |  | Shareholder:                                        |  | FirstCity Holdings Corporation            |  | 200 Shares |  | (50%) |  | 
|   |  | Name:                                               |  | FCS Creamer GP, Corp.                     |  |            |  |       |  | 
|   |  | Jurisdiction:                                       |  | Texas, incorporated on April 28, 1999     |  |            |  |       |  | 
|   |  | Shareholder:                                        |  | FirstCity Holdings Corporation            |  | 200 Shares |  | (50%) |  | 
|   |  | Name:                                               |  | FCS Wildhorse GP, Corp.                   |  |            |  |       |  | 
|   |  | Jurisdiction:                                       |  | Texas, incorporated on June 14, 1999      |  |            |  |       |  | 
|   |  | Shareholder:                                        |  | FirstCity Holdings Corporation            |  | 200 Shares |  | (50%) |  | 
|   |  | Name:                                               |  | FCS Lancaster GP Corp.                    |  |            |  |       |  | 
|   |  | Jurisdiction:                                       |  | Texas, incorporated on December 21, 2005 
|   |  | Shareholder:                                        |  | FirstCity Holdings Corporation            |  | 200 Shares |  | (50%) |  | 
|   |  |                                                     |  |                                           |  |            |  |       |  | 

7

---



|   |  | Name:                 |  | Imperial Partners GP Corp.                     |  |            |  |        |  | 
|-- |  | --------------------- |  | ---------------------------------------------- |  | ---------- |  | ------ |  | 
|   |  | Jurisdication:        |  | Texas, incorporated on October 4, 2000         |  |            |  |        |  | 
|   |  | Shareholder:          |  | FirstCity Holdings Corporation                 |  | 200 Shares |  | (100%) |  | 
|   |  | Name:                 |  | MinnTex GP Corp.                               |  |            |  |        |  | 
|   |  | Jurisdication:        |  | Texas, incorporated on March 11, 2002          |  |            |  |        |  | 
|   |  | Shareholder:          |  | FirstCity Holdings Corporation of Minnesota    |  | 200 Shares |  | (50%)  |  | 
|C. |  | Limited Partnerships: |  |                                                |  |           
|   |  | Name:                 |  | WAMCO XXVII, Ltd.                              |  |            |  |        |  | 
|   |  | Jurisdiction:         |  | Texas, certificate filed on September 20, 1999
|   |  | Partners:             |  | WAMCO XXVII of Texas, Inc.                     |  | General    |  | 2.0%   |  | 
|   |  |                       |  | FirstCity Holdings Corporation                 |  | Limited    |  | 4.0%   |  | 
|   |  | Name:                 |  | WAMCO 30, Ltd.                                 |  |            |  |        |  | 
|   |  | Jurisdiction:         |  | Texas, certificate filed on January 5, 2001    |  |            |  |        |  | 
|   |  | Partners:             |  | WAMCO 30 of Texas, Inc.                        |  | General    |  | 1.0%   |  | 
|   |  |                       |  | FirstCity Holdings Corporation                 |  | Limited    |  | 49.50% |  | 
|   |  | Name:                 |  | WAMCO 31, Ltd.                                 |  |            |  |        |  | 
|   |  | Jurisdiction:         |  | Texas, certificate filed on February 20, 2003 
|   |  | Partners:             |  | WAMCO 31 of Texas, Inc.                        |  | General    |  | 1.0%   |  | 
|   |  |                       |  | FirstCity Holdings Corporation                 |  | Limited    |  | 49.50% |  | 
|   |  | Name:                 |  | WAMCO 32, Ltd.                                 |  |            |  |        |  | 
|   |  | Jurisdiction:         |  | Texas, certificate filed on October 8, 2003    |  |            |  |        |  | 
|   |  | Partners:             |  | WAMCO 32 of Texas, Inc.                        |  | General    |  | 1.0%   |  | 
|   |  |                       |  | FirstCity Holdings Corporation                 |  | Limited    |  | 49.50% |  | 
|   |  | Name:                 |  | WAMCO 33, Ltd.                                 |  |            |  |        |  | 
|   |  | Jurisdiction:         |  | Texas, certificate filed on November 20, 2003  |  |            |  |        |  | 
|   |  | Partners:             |  | WAMCO 33 of Texas, Inc.                        |  | General    |  | 1.0%   |  | 
|   |  |                       |  | FirstCity Holdings Corporation                 |  | Limited    |  | 49.50% |  | 
|   |  | Name:                 |  | WAMCO 34, Ltd.                                 |  |            |  |        |  | 
|   |  | Jurisdiction:         |  | Texas, certificate filed on February 2, 2005   |  |            |  |        |  | 
|   |  | Partners:             |  | WAMCO 34 of Texas, Inc.                        |  | General    |  | 1.0%   |  | 
|   |  |                       |  | FirstCity Holdings Corporation                 |  | Limited    |  | 49.50% |  | 
|   |  | Name:                 |  | WAMCO 35, Ltd.                                 |  |            |  |        |  | 
|   |  | Jurisdiction:         |  | Texas, certificate filed on February 28, 2006 
|   |  | Partners:             |  | WAMCO 35 of Texas, Inc.                        |  | General    |  | 1.0%   |  | 
|   |  |                       |  | FirstCity Holdings Corporation                 |  | Limited    |  | 49.50% |  | 
|   |  | Name:                 |  | WAMCO 80, Ltd.                                 |  |            |  |        |  | 
|   |  | Jurisdiction:         |  | Texas, certificate filed on March 24, 2006    
|   |  | Partners:             |  | WAMCO 80 of Texas, Inc.                        |  | General    |  | 1.0%   |  | 
|   |  |                       |  | FirstCity Holdings Corporation                 |  | Limited    |  | 79.50% |  | 
|   |  | Name:                 |  | FirstVal 1, Ltd.                               |  |            |  |        |  | 
|   |  | Jurisdiction:         |  | Texas, certificate filed on September 14, 2006
|   |  | Partners:             |  | FirstVal 1 GP Corp.                            |  | General    |  | 1.0%   |  | 
|   |  |                       |  | FirstCity Holdings Corporation                 |  | Limited    |  | 49.50% |  | 
|   |  |                       |  |                                                |  |            |  |        |  | 

8

---



|   |  | Name:                                                             |  | FCS Wood, Ltd.                                 |  |            |  |        |  | 
|-- |  | ----------------------------------------------------------------- |  | ---------------------------------------------- |  | ---------- |  | ------ |  | 
|   |  | Jurisdiction:                                                     |  | Texas, certificate filed on September 15, 1998
|   |  | Partners:                                                         |  | FCS Wood GP Corp. General 0.50%                |  |            |  |        |  | 
|   |  |                                                                   |  | FirstCity Holdings Corporation                 |  | Limited    |  | 49.75% |  | 
|   |  | Name:                                                             |  | FCS Creamer, Ltd.                              |  |            |  |        |  | 
|   |  | Jurisdiction:                                                     |  | Texas, certificate filed on April 28, 1999    
|   |  | Partners:                                                         |  | FCS Creamer GP, Corp.                          |  | General    |  | 0.50%  |  | 
|   |  |                                                                   |  | FirstCity Holdings Corporation                 |  | Limited    |  | 49.75% |  | 
|   |  | Name:                                                             |  | FCS Wildhorse, Ltd.                            |  |            |  |        |  | 
|   |  | Jurisdiction:                                                     |  | Texas, certificate filed on June 14, 1999     
|   |  | Partners:                                                         |  | FCS Wildhorse GP, Corp.                        |  | General    |  | 0.50%  |  | 
|   |  |                                                                   |  | FirstCity Holdings Corporation                 |  | Limited    |  | 49.75% |  | 
|   |  | Name:                                                             |  | FCS Lancaster, Ltd.                            |  |            |  |        |  | 
|   |  | Jurisdiction:                                                     |  | Texas, certificate filed on December 21, 2005 
|   |  | Partners:                                                         |  | FCS Lancaster GP Corp.                         |  | General    |  | 0.50%  |  | 
|   |  |                                                                   |  | FirstCity Holdings Corporation                 |  | Limited    |  | 49.75% |  | 
|   |  | Name:                                                             |  | Imperial Partners, Ltd.                        |  |            |  |        |  | 
|   |  | Jurisdiction:                                                     |  | Texas, certificate filed on October 4, 2000   
|   |  | Partners:                                                         |  | Imperial Partners GP Corp.                     |  | General    |  | 0.50%  |  | 
|   |  |                                                                   |  | FirstCity Holdings Corporation                 |  | Limited    |  | 99.50% |  | 
|   |  | Name:                                                             |  | MinnTex Investment Partners LP                
|   |  | Jurisdiction:                                                     |  | Texas, certificate filed on March 11, 2002     |  |            |  |        |  | 
|   |  | Partners:                                                         |  | MinnTex GP Corp.                               |  | General    |  | 1.00%  |  | 
|   |  |                                                                   |  | FirstCity Holdings Corporation of Minnesota    |  | Limited    |  | 33.00% |  | 
|   |  | Name:                                                             |  | Strategic Mexican Lending Partners 2, L.P.    
|   |  | Jurisdiction:                                                     |  | Texas, certificate filed on July 3, 2001       |  |            |  |        |  | 
|   |  | Partners:                                                         |  | FirstCity Holdings Corporation                 |  | General    |  | 1.0%   |  | 
|   |  |                                                                   |  | FirstCity Holdings Corporation                 |  | Limited    |  | 89.0%  |  | 
|   |  | Name:                                                             |  | Strategic Mexican Investment Partners 2, L.P. 
|   |  | Jurisdiction:                                                     |  | Texas, certificate filed on July 3, 2001      
|   |  | Partners:                                                         |  | FirstCity Holdings Corporation                 |  | General    |  | 1.0%   |  | 
|   |  |                                                                   |  | FirstCity Holdings Corporation                 |  | Limited    |  | 89.0%  |  | 
|D. |  | Corporate General Partners of REO Affiliate Limited Partnerships: |  |                                                |  |           
|   |  | Name:                                                             |  | SOWAMCO XXV of Texas, Inc.                     |  |            |  |        |  | 
|   |  | Jurisdiction:                                                     |  | Texas, incorporated on May 26, 1995            |  |            |  |        |  | 
|   |  | Shareholder:                                                      |  | FirstCity Holdings Corporation                 |  | 200 Shares |  | (50%)  |  | 
|   |  | Name:                                                             |  | SOWAMCO XXVII of Texas, Inc.                   |  |            |  |        |  | 
|   |  | Jurisdiction:                                                     |  | Texas, incorporated on January 18, 2000       
|   |  | Shareholder:                                                      |  | WAMCO XXVII, Ltd.                              |  | 400 Shares |  | (100%) |  | 
|   |  | Name:                                                             |  | SOWAMCO XXVIII of Texas, Inc.                  |  |            |  |        |  | 
|   |  | Jurisdiction:                                                     |  | Texas, incorporated on March 24, 2000          |  |            |  |        |  | 
|   |  | Shareholder:                                                      |  | WAMCO 30, Ltd.                                 |  | 400 Shares |  | (100%) |  | 
|   |  | Name:                                                             |  | SOWAMCO XXIX of Texas, Inc.                    |  |            |  |        |  | 
|   |  | Jurisdiction:                                                     |  | Texas, incorporated on December 11, 2000       |  |            |  |        |  | 
|   |  | Shareholder:                                                      |  | WAMCO XXVII, Ltd.                              |  | 400 Shares |  | (100%) |  | 
|   |  |                                                                   |  |                                                |  |            |  |        |  | 

9

---



|   |  | Name:                               |  | SOWAMCO XXX of Texas, Inc.                                           |  |              |  |        |  | 
|-- |  | ----------------------------------- |  | -------------------------------------------------------------------- |  | ------------ |  | ------ |  | 
|   |  | Jurisdiction:                       |  | Texas, incorporated on May 30, 2002                                  |  |              |  |        |  | 
|   |  | Shareholder:                        |  | WAMCO 30, Ltd.                                                       |  | 400 Shares   |  | (100%) |  | 
|   |  | Name:                               |  | SOWAMCO 31 of Texas, Inc.                                            |  |              |  |        |  | 
|   |  | Jurisdiction:                       |  | Texas, incorporated on August 20, 2003                               |  |              |  |        |  | 
|   |  | Shareholder:                        |  | WAMCO 31, Ltd.                                                       |  | 400 Shares   |  | (100%) |  | 
|   |  | Name:                               |  | SOWAMCO 33 of Texas, Inc.                                            |  |              |  |        |  | 
|   |  | Jurisdiction:                       |  | Texas, incorporated on December 10, 2003                             |  |              |  |        |  | 
|   |  | Shareholder:                        |  | WAMCO 33, Ltd.                                                       |  | 400 Shares   |  | (100%) |  | 
|   |  | Name:                               |  | SOWAMCO 34 of Texas, Inc.                                            |  |              |  |        |  | 
|   |  | Jurisdiction:                       |  | Texas, incorporated on March 21, 2005                                |  |              |  |        |  | 
|   |  | Shareholder:                        |  | WAMCO 34, Ltd.                                                       |  | 400 Shares   |  | (100%) |  | 
|   |  | Name:                               |  | SOWAMCO 35 of Texas, Inc.                                            |  |              |  |        |  | 
|   |  | Jurisdiction:                       |  | Texas, incorporated on March 14, 2006                                |  |              |  |        |  | 
|   |  | Shareholder:                        |  | WAMCO 35, Ltd.                                                       |  | 400 Shares   |  | (100%) |  | 
|   |  | Name:                               |  | SOWAMCO 80 of Texas, Inc.                                            |  |              |  |        |  | 
|   |  | Jurisdiction:                       |  | Texas, incorporated on June 1, 2006                                  |  |              |  |        |  | 
|   |  | Shareholder:                        |  | WAMCO 80, Ltd.                                                       |  | 400 Shares   |  | (100%) |  | 
|   |  | Name:                               |  | FirstVal Properties GP Corp.                                         |  |              |  |        |  | 
|   |  | Jurisdiction:                       |  | Texas, incorporated on September 15, 2006                            |  |              |  |        |  | 
|   |  | Shareholder:                        |  | FirstVal 1, Ltd.                                                     |  | 400 Shares   |  | (100%) |  | 
|   |  | Name:                               |  | MCSFC Realty GP Corp.                                                |  |              |  |        |  | 
|   |  | Jurisdiction:                       |  | Texas, incorporated on September 19, 2000                            |  |              |  |        |  | 
|   |  | Shareholder:                        |  | FH Partners, L.P.                                                    |  | 1,000 Shares |  | (100%) |  | 
|   |  | Name:                               |  | WH Realty GP Corp.                                                   |  |              |  |        |  | 
|   |  | Jurisdiction:                       |  | Texas, incorporated on June 20, 2001                                 |  |              |  |        |  | 
|   |  | Shareholder:                        |  | FCS Wildhorse, Ltd.                                                  |  | 1,000 Shares |  | (100%) |  | 
|E. |  | REO Affiliate Limited Partnerships: |  |                                                                      |  |             
|   |  | Name:                               |  | SOWAMCO XXV, Ltd.                                                    |  |              |  |        |  | 
|   |  | Jurisdiction:                       |  | Texas, filed Certificate of Limited Partnership on May 26, 1995     
|   |  | Partners:                           |  | SOWAMCO XXV of Texas, Inc.                                           |  | General      |  | 2%     |  | 
|   |  |                                     |  | WAMCO 30, Ltd.                                                       |  | Limited      |  | 98%    |  | 
|   |  | Name:                               |  | SOWAMCO XXVII, Ltd.                                                  |  |              |  |        |  | 
|   |  | Jurisdiction:                       |  | Texas, filed Certificate of Limited Partnership on January 18, 2000 
|   |  | Partners:                           |  | SOWAMCO XXVII of Texas, Inc.                                         |  | General      |  | 1%     |  | 
|   |  |                                     |  | WAMCO XXVII, Ltd.                                                    |  | Limited      |  | 99%    |  | 
|   |  | Name:                               |  | SOWAMCO XXVIII, Ltd.                                                 |  |              |  |        |  | 
|   |  | Jurisdiction:                       |  | Texas, filed Certificate of Limited Partnership on March 24, 2000   
|   |  | Partners:                           |  | SOWAMCO XXVIII of Texas, Inc.                                        |  | General      |  | 1%     |  | 
|   |  |                                     |  | WAMCO 30, Ltd.                                                       |  | Limited      |  | 99%    |  | 
|   |  | Name:                               |  | SOWAMCO XXIX, Ltd.                                                   |  |              |  |        |  | 
|   |  | Jurisdiction:                       |  | Texas, filed Certificate of Limited Partnership on December 11, 2000
|   |  | Partners:                           |  | SOWAMCO XXIX of Texas, Inc.                                          |  | General      |  | 1%     |  | 
|   |  |                                     |  | WAMCO XXVII, Ltd.                                                    |  | Limited      |  | 99%    |  | 
|   |  |                                     |  |                                                                      |  |              |  |        |  | 

10

---



| |  | Name:         |  | SOWAMCO XXX, Ltd.                                                     |  |         |  |       |  | 
| |  | ------------- |  | --------------------------------------------------------------------- |  | ------- |  | ----- |  | 
| |  | Jurisdiction: |  | Texas, filed Certificate of Limited Partnership on May 30, 2002      
| |  | Partners:     |  | SOWAMCO XXX of Texas, Inc.                                            |  | General |  | 1%    |  | 
| |  |               |  | WAMCO 30, Ltd.                                                        |  | Limited |  | 99%   |  | 
| |  | Name:         |  | SOWAMCO 31, Ltd.                                                      |  |         |  |       |  | 
| |  | Jurisdiction: |  | Texas, filed Certificate of Limited Partnership on August 20, 2003   
| |  | Partners:     |  | SOWAMCO 31 of Texas, Inc.                                             |  | General |  | 1%    |  | 
| |  |               |  | WAMCO 31, Ltd.                                                        |  | Limited |  | 99%   |  | 
| |  | Name:         |  | SOWAMCO 33, Ltd.                                                      |  |         |  |       |  | 
| |  | Jurisdiction: |  | Texas, filed Certificate of Limited Partnership on December 10, 2003 
| |  | Partners:     |  | SOWAMCO 33 of Texas, Inc.                                             |  | General |  | 1%    |  | 
| |  |               |  | WAMCO 33, Ltd.                                                        |  | Limited |  | 99%   |  | 
| |  | Name:         |  | SOWAMCO 34, Ltd.                                                      |  |         |  |       |  | 
| |  | Jurisdiction: |  | Texas, filed Certificate of Limited Partnership on March 21, 2005    
| |  | Partners:     |  | SOWAMCO 34 of Texas, Inc.                                             |  | General |  | 1%    |  | 
| |  |               |  | WAMCO 34, Ltd.                                                        |  | Limited |  | 99%   |  | 
| |  | Name:         |  | SOWAMCO 35, Ltd.                                                      |  |         |  |       |  | 
| |  | Jurisdiction: |  | Texas, filed Certificate of Limited Partnership on March 14, 2006    
| |  | Partners:     |  | SOWAMCO 35 of Texas, Inc.                                             |  | General |  | 1%    |  | 
| |  |               |  | WAMCO 35, Ltd.                                                        |  | Limited |  | 99%   |  | 
| |  | Name:         |  | SOWAMCO 80, Ltd.                                                      |  |         |  |       |  | 
| |  | Jurisdiction: |  | Texas, filed Certificate of Limited Partnership on June 1, 2006      
| |  | Partners:     |  | SOWAMCO 80 of Texas, Inc.                                             |  | General |  | 1%    |  | 
| |  |               |  | WAMCO 80, Ltd.                                                        |  | Limited |  | 99%   |  | 
| |  | Name:         |  | FirstVal Properties 1, Ltd.                                           |  |         |  |       |  | 
| |  | Jurisdiction: |  | Texas, filed Certificate of Limited Partnership on September 15, 2006
| |  | Partners:     |  | FirstVal Properties 1 GP Corp.                                        |  | General |  | 1%    |  | 
| |  |               |  | FirstVal 1, Ltd.                                                      |  | Limited |  | 99%   |  | 
| |  | Name:         |  | MCSFC Realty, Ltd.                                                    |  |         |  |       |  | 
| |  | Jurisdiction: |  | Texas, certificate filed on September 19, 2000                       
| |  | Partners:     |  | MCSFC Realty GP corp.                                                 |  | General |  | 0.5%  |  | 
| |  |               |  | FH Partners, L.P.                                                     |  | Limited |  | 99.5% |  | 
| |  | Name:         |  | WH Realty, Ltd.                                                       |  |         |  |       |  | 
| |  | Jurisdiction: |  | Texas, certificate filed on June 20, 2001                             |  |         |  |       |  | 
| |  | Partners:     |  | WH Realty GP corp.                                                    |  | General |  | 0.5%  |  | 
| |  |               |  | FCS Wildhorse, Ltd.                                                   |  | Limited |  | 99.5% |  | 

11

---





|5. |  | FirstCity Mexico, Inc. The following corporations, limited partnerships, limited liability companies and other entities are entities in which FirstCity Mexico, Inc. or certain of its
subsidiaries own an equity interest.
|-- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |  | Name:                                                                                                                                                                                                                      
|   |  | Jurisdiction:                                                                                                                                                                                                              
|   |  | Partners:                                                                                                                                                                                                                  
|   |  |                                                                                                                                                                                                                            
|   |  | Name:                                                                                                                                                                                                                      
|   |  | Jurisdiction:                                                                                                                                                                                                              
|   |  | Manager:                                                                                                                                                                                                                   
|   |  | Member:                                                                                                                                                                                                                    
|   |  |                                                                                                                                                                                                                            
|   |  | Name:                                                                                                                                                                                                                      
|   |  | Jurisdiction:                                                                                                                                                                                                              
|   |  | Manager & Member:                                                                                                                                                                                                          
|   |  | Name:                                                                                                                                                                                                                      
|   |  | Jurisdiction:                                                                                                                                                                                                              
|   |  | Manager:                                                                                                                                                                                                                   
|   |  | Member:                                                                                                                                                                                                                    
|   |  | Name:                                                                                                                                                                                                                      
|   |  | Jurisdiction:                                                                                                                                                                                                              
|   |  | Shareholder:                                                                                                                                                                                                               
|   |  | Name:                                                                                                                                                                                                                      
|   |  | Jurisdiction:                                                                                                                                                                                                              
|   |  | Shareholder:                                                                                                                                                                                                               
|   |  | Name:                                                                                                                                                                                                                      
|   |  | Jurisdiction:                                                                                                                                                                                                              
|   |  | Manager:                                                                                                                                                                                                                   
|   |  | Member:                                                                                                                                                                                                                    
|   |  | Name:                                                                                                                                                                                                                      
|   |  | Jurisdiction:                                                                                                                                                                                                              
|   |  | Shareholder:                                                                                                                                                                                                               
|   |  | Name:                                                                                                                                                                                                                      
|   |  | Jurisdiction:                                                                                                                                                                                                              
|   |  | Manager:                                                                                                                                                                                                                   
|   |  | Member:                                                                                                                                                                                                                    
|   |  | Name:                                                                                                                                                                                                                      
|   |  | Jurisdiction:                                                                                                                                                                                                              
|   |  | Shareholder:                                                                                                                                                                                                               
|   |  | Name:                                                                                                                                                                                                                      
|   |  | Jurisdiction:                                                                                                                                                                                                              
|   |  | Manager:                                                                                                                                                                                                                   
|   |  | Member:                                                                                                                                                                                                                    
|   |  | Name:                                                                                                                                                                                                                      
|   |  | Jurisdiction:                                                                                                                                                                                                              
|   |  | Shareholder:                                                                                                                                                                                                               
|   |  |                                                                                                                                                                                                                            

12

---



| |  | Name:               |  | BIDMEX 3, LLC                                                 |  |         |  |  |  | 
| |  | ------------------- |  | ------------------------------------------------------------- |  | ------- |  |  |  | 
| |  | Jurisdiction:       |  | Delaware, formed on October 20, 2000                         
| |  | Manager:            |  | FirstCity Mexico, Inc.                                        |  |         |  |  |  | 
| |  | Member:             |  | Bidmex Holding, LLC                                           |  | (100%)  |  |  |  | 
| |  | Name:               |  | Administraction de Carteras Empresariales, S. de R.L. de C.V.
| |  | Jurisdiction:       |  | Mexico, formed on November 13, 2000                          
| |  | Shareholder:        |  | BIDMEX 3, LLC                                                 |  | (100%)  |  |  |  | 
| |  | Name:               |  | BIDMEX 4, LLC                                                 |  |         |  |  |  | 
| |  | Jurisdiction:       |  | Delaware, formed on March 12, 2001                           
| |  | Manager:            |  | FirstCity Mexico, Inc.                                        |  |         |  |  |  | 
| |  | Member:             |  | Bidmex Holding, LLC                                           |  | (100%)  |  |  |  | 
| |  | Name:               |  | Cobranza Nacional de Carteras, S. de R.L. de C.V.            
| |  | Jurisdiction:       |  | Mexico, formed on March 16, 2001                             
| |  | Shareholder:        |  | BIDMEX 4, LLC                                                 |  | (100%)  |  |  |  | 
| |  | Name:               |  | BIDMEX 5, LLC                                                 |  |         |  |  |  | 
| |  | Jurisdiction:       |  | Delaware, formed on April 30, 2001                           
| |  | Manager:            |  | FirstCity Mexico, Inc.                                        |  |         |  |  |  | 
| |  | Member:             |  | Bidmex Holding, LLC                                           |  | (100%)  |  |  |  | 
| |  | Name:               |  | Cobranza Internacional de Carteras, S. de R.L. de C.V.       
| |  | Jurisdiction:       |  | Mexico, formed on May 15, 2001                               
| |  | Shareholder:        |  | BIDMEX 5, LLC                                                 |  | (100%)  |  |  |  | 
| |  | Name:               |  | BIDMEX 6, LLC                                                 |  |         |  |  |  | 
| |  | Jurisdiction:       |  | Delaware, formed on May 31, 2001                             
| |  | Manager and Member: |  | FirstCity Mexico, Inc.                                        |  | 12.564% |  |  |  | 
| |  | Member:             |  | Strategic Mexican Investment Partners 2, L.P.                 |  | 10.000% |  |  |  | 
| |  | Name:               |  | Recuperacion de Carteras Mexicanas, S. de R.L. de C.V.       
| |  | Jurisdiction:       |  | Mexico, formed on June 21, 2001                              
| |  | Shareholder:        |  | BIDMEX 6, LLC                                                 |  | 100%    |  |  |  | 
| |  | Name:               |  | BIDMEX 7, LLC                                                 |  |         |  |  |  | 
| |  | Jurisdiction:       |  | Delaware, formed on May 31, 2001                             
| |  | Manager:            |  | FirstCity Mexico, Inc.                                        |  |         |  |  |  | 
| |  | Member:             |  | Bidmex Holding, LLC                                           |  | 100%    |  |  |  | 
| |  | Name:               |  | Integracion de Activos Mexicanos, S. de R.L. de C.V.         
| |  | Jurisdiction:       |  | Mexico, formed on March 11, 2002                             
| |  | Shareholder:        |  | BIDMEX 7, LLC                                                 |  | 100%    |  |  |  | 
| |  | Name:               |  | BIDMEX 8, LLC                                                 |  |         |  |  |  | 
| |  | Jurisdiction:       |  | Delaware, formed on May 31, 2001                             
| |  | Manager:            |  | FirstCity Mexico, Inc.                                        |  |         |  |  |  | 
| |  | Member:             |  | Bidmex Holding, LLC                                           |  | 100%    |  |  |  | 
| |  | Name:               |  | Recuperacion de Activos Mexicanos, S. de R.L. de C.V.        
| |  | Jurisdiction:       |  | Mexico, formed on March 11, 2002                             
| |  | Shareholder:        |  | BIDMEX 8, LLC                                                 |  | 100%    |  |  |  | 
| |  | Name:               |  | BIDMEX 9, LLC                                                 |  |         |  |  |  | 
| |  | Jurisdiction:       |  | Delaware, formed on January 7, 2003                          
| |  | Manager:            |  | FirstCity Mexico, Inc.                                        |  |         |  |  |  | 
| |  | Member:             |  | Bidmex Holding, LLC                                           |  | 100%    |  |  |  | 
| |  |                     |  |                                                               |  |         |  |  |  | 

13

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|   |  | Name:                                                                                                                                                                                                                            |  | Solucion de Activos Residenciales, S. de R.L. de C.V.         
|-- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------------------------------------
|   |  | Jurisdiction:                                                                                                                                                                                                                    |  | Mexico, formed on April 16, 2004                              
|   |  | Shareholder:                                                                                                                                                                                                                     |  | BIDMEX 9, LLC                                                 
|   |  | Name:                                                                                                                                                                                                                            |  | BIDMEX 10, LLC                                                
|   |  | Jurisdiction:                                                                                                                                                                                                                    |  | Delaware, formed on July 8, 2004                              
|   |  | Manager:                                                                                                                                                                                                                         |  | FirstCity Mexico, Inc.                                        
|   |  | Member:                                                                                                                                                                                                                          |  | Bidmex Holding, LLC                                           
|   |  | Name:                                                                                                                                                                                                                            |  | Solucion de Activos Comerciales, S. de R.L. de C.V.           
|   |  | Jurisdiction:                                                                                                                                                                                                                    |  | Mexico, formed on July 15, 2004                               
|   |  | Shareholder:                                                                                                                                                                                                                     |  | BIDMEX 10, LLC                                                
|   |  | Name:                                                                                                                                                                                                                            |  | BIDMEX XI, LLC                                                
|   |  | Jurisdiction:                                                                                                                                                                                                                    |  | Delaware, formed on July 7, 2004                              
|   |  | Manager:                                                                                                                                                                                                                         |  | FirstCity Mexico, Inc.                                        
|   |  | Member:                                                                                                                                                                                                                          |  | Bidmex Holding, LLC                                           
|   |  | Name:                                                                                                                                                                                                                            |  | Solucion de Creditos Comerciales, S. de R.L. de C.V.          
|   |  | Jurisdiction:                                                                                                                                                                                                                    |  | Mexico, formed on March 28, 2005                              
|   |  | Shareholder:                                                                                                                                                                                                                     |  | BIDMEX XI, LLC                                                
|   |  | Name:                                                                                                                                                                                                                            |  | BMX Holding II, LLC                                           
|   |  | Jurisdiction:                                                                                                                                                                                                                    |  | Delaware; formed March 23, 2007                               
|   |  | Manager:                                                                                                                                                                                                                         |  | FirstCity Mexico, Inc.                                        
|   |  | Member:                                                                                                                                                                                                                          |  | FirstCity Mexico, Inc.                                        
|   |  | Name:                                                                                                                                                                                                                            |  | Recuperaction de Comerico Interior S.de R.L. de C.V.          
|   |  | Jurisdiction:                                                                                                                                                                                                                    |  | Mexico                                                        
|   |  | Shareholders:                                                                                                                                                                                                                    |  | BMX Holding II, LLC                                           
|   |  |                                                                                                                                                                                                                                  |  | FirstCity Mexico, Inc.                                        
|   |  |                                                                                                                                                                                                                                  |  | FirstCity Mexico S.A. de C.V.                                 
|   |  | Ñame:                                                                                                                                                                                                                            |  | El Consorcio Recovery FirstCity BNV, S.A.                     
|   |  | Jursidiction:                                                                                                                                                                                                                    |  | Uruguay                                                       
|   |  | Shareholder:                                                                                                                                                                                                                     |  | FirstCity Mexico, Inc.                                        
|6. |  | FirstCity Chile Limitada. The following corporations, limited partnerships, limited liability companies and other entities are entities in which FirstCity Chile Limitada or certain or its
subsidiaries own an equity interest.
|   |  | Name:                                                                                                                                                                                                                            |  | FirstCity NPL S.A.                                            
|   |  | Jurisdiction:                                                                                                                                                                                                                    |  | Chile, formed on February 9, 2006                             
|   |  | Shareholder:                                                                                                                                                                                                                     |  | FirstCity Chile, Limitada                                     
|   |  | Name:                                                                                                                                                                                                                            |  | NPL Fund One, Private Investment Fund                         
|   |  | Jurisdiction:                                                                                                                                                                                                                    |  | Chile                                                         
|   |  | Manager:                                                                                                                                                                                                                         |  | FirstCity NPL, S.A.                                           
|   |  | Quotaholder:                                                                                                                                                                                                                     |  | FirstCity NPL, S.A.                                           
|   |  | Name:                                                                                                                                                                                                                            |  | Servicios Integrales de Cobranza, S.A.                        
|   |  | Jurisdiction:                                                                                                                                                                                                                    |  | Chile                                                         
|   |  | Shareholder:                                                                                                                                                                                                                     |  | FirstCity Chile, Limitada                                     
|   |  | Name:                                                                                                                                                                                                                            |  | NPL Investments, S.A. (formerly Inversiones Hipotecarias S.A.)
|   |  | Jurisdiction:                                                                                                                                                                                                                    |  | Chile, formed on February 17, 2006                            
|   |  | Shareholder:                                                                                                                                                                                                                     |  | Servicios Integrales de Cobranza, S.A.                        
|   |  | Name:                                                                                                                                                                                                                            |  | Inversiones Crediticias S.A.                                  
|   |  | Jurisdiction:                                                                                                                                                                                                                    |  | Chile, formed on February 17, 2006                            
|   |  | Shareholder:                                                                                                                                                                                                                     |  | FirstCity Chile, Limitada                                     
|   |  |                                                                                                                                                                                                                                  |  |                                                               

14

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|   |  | Name:                                                                                                                                                                                                                                                  |  | Santiago Asset Acquisition Company One, S.A.  
|-- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | ----------------------------------------------
|   |  | Jurisdiction:                                                                                                                                                                                                                                          |  | Chile                                         
|   |  | Shareholders:                                                                                                                                                                                                                                          |  | FirstCity Chile, Limitada                     
|   |  |                                                                                                                                                                                                                                                        |  | Servicios Integrales de Cobranza, S.A.        
|7. |  | FirstCity International Corporation. The following corporations, limited partnerships, limited liability companies and other entities are entities in which FirstCity International Corporation
or certain or its subsidiaries own an equity interest.
|A. |  | Corporations and other Entities:                                                                                                                                                                                                                      
|   |  | Name:                                                                                                                                                                                                                                                  |  | UHR Limited                                   
|   |  | Jurisdiction:                                                                                                                                                                                                                                          |  | England and Wales; incorporated March 15, 1999
|   |  | Shareholders:                                                                                                                                                                                                                                          |  | FirstCity International Corporation           
|   |  |                                                                                                                                                                                                                                                        |  | MCS et Associés, S.A. 200                     
|   |  | Name:                                                                                                                                                                                                                                                  |  | NEVVS Limited                                 
|   |  | Jurisdiction:                                                                                                                                                                                                                                          |  | England and Wales; November 27, 2000          
|   |  | Shareholders:                                                                                                                                                                                                                                          |  | FirstCity International Corporation           
|   |  |                                                                                                                                                                                                                                                        |  | MCS et Associés, SA 250                       
|   |  | Name:                                                                                                                                                                                                                                                  |  | WHBE Limited                                  
|   |  | Jurisdiction:                                                                                                                                                                                                                                          |  | England and Wales; December 13, 2001          
|   |  | Shareholders:                                                                                                                                                                                                                                          |  | FirstCity International Corporation           
|   |  |                                                                                                                                                                                                                                                        |  | MCS et Associés, SA 250                       
|   |  | Name:                                                                                                                                                                                                                                                  |  | WOX Limited                                   
|   |  | Jurisdiction:                                                                                                                                                                                                                                          |  | England and Wales; May 27, 2002               
|   |  | Shareholders:                                                                                                                                                                                                                                          |  | FirstCity International Corporation           
|   |  |                                                                                                                                                                                                                                                        |  | MCS et Associés, SA                           
|   |  | Name:                                                                                                                                                                                                                                                  |  | CRY Limited                                   
|   |  | Jurisdiction:                                                                                                                                                                                                                                          |  | England and Wales; July 30, 2002              
|   |  | Shareholders:                                                                                                                                                                                                                                          |  | FirstCity International Corporation           
|   |  |                                                                                                                                                                                                                                                        |  | MCS et Associés, SA                           
|   |  | Name:                                                                                                                                                                                                                                                  |  | CTY Limited                                   
|   |  | Jurisdiction:                                                                                                                                                                                                                                          |  | England and Wales; December 18, 2002          
|   |  | Shareholders:                                                                                                                                                                                                                                          |  | FirstCity International Corporation           
|   |  |                                                                                                                                                                                                                                                        |  | MCS et Associés, SA                           
|   |  | Name:                                                                                                                                                                                                                                                  |  | WOL Limited                                   
|   |  | Jurisdiction:                                                                                                                                                                                                                                          |  | England and Wales; June 11, 2003              
|   |  | Shareholders:                                                                                                                                                                                                                                          |  | FirstCity International Corporation           
|   |  |                                                                                                                                                                                                                                                        |  | MCS et Associés, SA                           
|   |  | Name:                                                                                                                                                                                                                                                  |  | WOD Limited                                   
|   |  | Jurisdiction:                                                                                                                                                                                                                                          |  | England and Wales; November 12, 2003          
|   |  | Shareholders:                                                                                                                                                                                                                                          |  | FirstCity International Corporation           
|   |  |                                                                                                                                                                                                                                                        |  | MCS et Associés, SA                           
|   |  | Name:                                                                                                                                                                                                                                                  |  | FG Portfolio Limited                          
|   |  | Jurisdiction:                                                                                                                                                                                                                                          |  | England and Wales; June 8, 2004               
|   |  | Shareholders:                                                                                                                                                                                                                                          |  | FirstCity International Corporation           
|   |  |                                                                                                                                                                                                                                                        |  | MCS et Associés, SA                           
|   |  | Name:                                                                                                                                                                                                                                                  |  | HMCS-ECK Limited                              
|   |  | Jurisdiction:                                                                                                                                                                                                                                          |  | England and Wales; October 27, 2005           
|   |  | Shareholders:                                                                                                                                                                                                                                          |  | FirstCity International Corporation           
|   |  |                                                                                                                                                                                                                                                        |  | MCS et Associés, SA                           
|   |  |                                                                                                                                                                                                                                                        |  | HMCS Investment GmbH                          
|   |  |                                                                                                                                                                                                                                                        |  |                                               

15

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|   |  | Name:                                                                                                                                                                                                                                          |  | HMCS-SIG Limited                                                                 |  |                |  |         |  | 
|-- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -------------------------------------------------------------------------------- |  | -------------- |  | ------- |  | 
|   |  | Jurisdiction:                                                                                                                                                                                                                                  |  | England and Wales; December 14, 2005                                            
|   |  | Shareholders:                                                                                                                                                                                                                                  |  | FirstCity International Corporation                                              |  | 300 C Shares   |  | (30%)   |  | 
|   |  |                                                                                                                                                                                                                                                |  | MCS et Associés, SA                                                              |  | 200 B Shares   |  | (20%)   |  | 
|   |  |                                                                                                                                                                                                                                                |  | HMCS Investment GmbH                                                             |  | 10 D Shares    |  | (1%)    |  | 
|   |  | Name:                                                                                                                                                                                                                                          |  | EHCTY Limited                                                                    |  |                |  |         |  | 
|   |  | Jurisdiction:                                                                                                                                                                                                                                  |  | England and Wales; September 20, 2006                                           
|   |  | Shareholders:                                                                                                                                                                                                                                  |  | FirstCity International Corporation                                              |  | 330 B Shares   |  | (33%)   |  | 
|   |  |                                                                                                                                                                                                                                                |  | MCS et Associés, SA                                                              |  | 330 C Shares   |  | (33%)   |  | 
|   |  |                                                                                                                                                                                                                                                |  | HMCS Investment GmbH                                                             |  | 10 D Shares    |  | (1%)    |  | 
|   |  | Name:                                                                                                                                                                                                                                          |  | HMCS-GEN Limited                                                                 |  |                |  |         |  | 
|   |  | Jurisdiction:                                                                                                                                                                                                                                  |  | England and Wales; October 16, 2006                                             
|   |  | Shareholders:                                                                                                                                                                                                                                  |  | FirstCity International Corporation                                              |  | 300 B Shares   |  | (30%)   |  | 
|   |  |                                                                                                                                                                                                                                                |  | MCS et Associés, SA                                                              |  | 200 C Shares   |  | (20%)   |  | 
|   |  | Name:                                                                                                                                                                                                                                          |  | CVI GVF (Lux) Securitisation S.a.r.l.; Compartment "Sprockhovel"                
|   |  | Jurisdiction:                                                                                                                                                                                                                                  |  | Luxembourg; formed on September 6, 2006                                         
|   |  | Owners:                                                                                                                                                                                                                                        |  | FirstCity International Corporation                                              |  | 879,600 PECs   |  | (30%)   |  | 
|   |  |                                                                                                                                                                                                                                                |  | MCS et Associés, SA                                                              |  | 879,600 PECs   |  | (30%)   |  | 
|   |  |                                                                                                                                                                                                                                                |  | HMCS Investment GmbH                                                             |  | 293,200 PECs   |  | (10%)   |  | 
|8. |  | FirstCity Servicing Corporation. The following corporations, limited partnerships, limited liability companies and other entities are entities in which FirstCity Servicing Corporation or
certain of its subsidiaries own an equity interest.
|A. |  | Corporations:                                                                                                                                                                                                                                  |  |                                                                                  |  |                |  |         |  | 
|   |  | Name:                                                                                                                                                                                                                                          |  | FirstCity Mexico, S.A. de C.V. (formerly Asset Servicing de Mexico S.A. de C.V.)
|   |  | Jurisdiction:                                                                                                                                                                                                                                  |  | Mexico, incorporated December 2, 1998                                           
|   |  | Shareholders:                                                                                                                                                                                                                                  |  | FirstCity Servicing Corporation                                                  |  | 99 Shares      |  | (99%)   |  | 
|   |  |                                                                                                                                                                                                                                                |  | FirstCity Financial Corporation                                                  |  | 1 Share        |  | (1%)    |  | 
|   |  | Name:                                                                                                                                                                                                                                          |  | MCS et Associés, S.A.                                                            |  |                |  |         |  | 
|   |  | Jurisdiction:                                                                                                                                                                                                                                  |  | France, Societe Anonyme                                                         
|   |  | Shareholders:                                                                                                                                                                                                                                  |  | FirstCity Servicing Corporation                                                  |  | 121,050 Shares |  | (11.9%) |  | 
|   |  |                                                                                                                                                                                                                                                |  | James T. Sartain                                                                 |  | 100 Shares     |  |         |  | 
|   |  | Name:                                                                                                                                                                                                                                          |  | Compagnie Transatlantique de Portefeuilles                                      
|   |  | Jurisdiction:                                                                                                                                                                                                                                  |  | France, Societe Par Actions Simplifiee, July 22, 1997                           
|   |  | Shareholder:                                                                                                                                                                                                                                   |  | MCS et Associes, S.A.                                                            |  | 5,000 Shares   |  | (33%)   |  | 
|   |  | Name:                                                                                                                                                                                                                                          |  | FirstCity do Brasil Ltda.                                                        |  |                |  |         |  | 
|   |  | Jurisdiction:                                                                                                                                                                                                                                  |  | Brasil; July 23, 2001                                                            |  |                |  |         |  | 
|   |  | Shareholders:                                                                                                                                                                                                                                  |  | FirstCity Servicing Corporation                                                  |  | 999 Quotas     |  | (99.9%) |  | 
|   |  |                                                                                                                                                                                                                                                |  | FirstCity Holdings Corporation                                                   |  | 1 Quotas       |  | (00.1%) |  | 
|   |  | Name:                                                                                                                                                                                                                                          |  | FirstCity Argentina, S.A.                                                        |  |                |  |         |  | 
|   |  | Jurisdiction:                                                                                                                                                                                                                                  |  | Argentina; May 21, 2004                                                          |  |                |  |         |  | 
|   |  | Shareholders:                                                                                                                                                                                                                                  |  | FirstCity Servicing Corporation                                                  |  | 95%            |  |         |  | 
|   |  |                                                                                                                                                                                                                                                |  | James C. Holmes                                                                  |  | 5%             |  |         |  | 
|   |  | Name:                                                                                                                                                                                                                                          |  | FirstCity Recovery, S.A.                                                         |  |                |  |         |  | 
|   |  | Jurisdiction:                                                                                                                                                                                                                                  |  | Argentina                                                                        |  |                |  |         |  | 
|   |  | Shareholder:                                                                                                                                                                                                                                   |  | FirstCity Argentina, S.A.                                                        |  | 50%            |  |         |  | 
|   |  |                                                                                                                                                                                                                                                |  |                                                                                  |  |                |  |         |  | 

16

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|    |  | Name:                                                                                                                                                                                                                                                        |  | Servicios Efectivos de Recuperaction, S. de R.L. de C.V.                                           
|--- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | ---------------------------------------------------------------------------------------------------
|    |  | Jurisdiction:                                                                                                                                                                                                                                                |  | Mexico; November 16, 2001                                                                          
|    |  | Shareholders:                                                                                                                                                                                                                                                |  | FirstCity Mexico S.A. de C.V.                                                                      
|    |  |                                                                                                                                                                                                                                                              |  | FirstCity Servicing Corporation                                                                    
|    |  | Name:                                                                                                                                                                                                                                                        |  | FirstCity Servicing Corporation of California (formerly and d/b/a Milco Loan Servicing Corporation)
|    |  | Jurisdiction:                                                                                                                                                                                                                                                |  | California, incorporated on January 3, 1991                                                        
|    |  | Shareholder:                                                                                                                                                                                                                                                 |  | FirstCity Servicing Corporation                                                                    
|    |  | Name:                                                                                                                                                                                                                                                        |  | FirstCity Servicing Corporation of Minnesota                                                       
|    |  | Jurisdiction:                                                                                                                                                                                                                                                |  | Texas, incorporated on March 11, 2002                                                              
|    |  | Shareholder:                                                                                                                                                                                                                                                 |  | FirstCity Servicing Corporation                                                                    
|    |  | Name:                                                                                                                                                                                                                                                        |  | FirstCity Consumer Servicing Corporation                                                           
|    |  | Jurisdiction:                                                                                                                                                                                                                                                |  | Texas, incorporated on August 2, 2003                                                              
|    |  | Shareholder:                                                                                                                                                                                                                                                 |  | FirstCity Servicing Corporation                                                                    
|    |  | Name:                                                                                                                                                                                                                                                        |  | Tulesy, S.A.                                                                                       
|    |  | Jurisdiction:                                                                                                                                                                                                                                                |  | Uruguay                                                                                            
|    |  | Shareholder:                                                                                                                                                                                                                                                 |  | FirstCity Servicing Corporation                                                                    
|9.  |  | FirstCity Consumer Lending Corporation. The following corporations, limited partnerships, limited liability companies and other entities are entities in which FirstCity Consumer Lending
Corporation or certain of its subsidiaries own an equity interest.
|    |  | Corporations:                                                                                                                                                                                                                                                |  |                                                                                                    
|    |  | Name:                                                                                                                                                                                                                                                        |  | SL Funding Corporation                                                                             
|    |  | Jurisdiction:                                                                                                                                                                                                                                                |  | Texas, incorporated on October 16, 1996                                                            
|    |  | Shareholder:                                                                                                                                                                                                                                                 |  | FirstCity Consumer Lending Corporation                                                             
|    |  | Name:                                                                                                                                                                                                                                                        |  | ETAFirst Funding Corporation                                                                       
|    |  | Jurisdiction:                                                                                                                                                                                                                                                |  | Texas, incorporated on July 17, 1996                                                               
|    |  | Shareholder:                                                                                                                                                                                                                                                 |  | SL Funding Corporation                                                                             
|10. |  | FC Capital Corp. (dba FirstCity Capital Corporation). The following corporations, limited partnerships, limited liability companies and other entities are entities in which FC Capital Corp.
and certain of its affiliates own an equity interest.         
|    |  | Name:                                                                                                                                                                                                                                                        |  | FirstCity Capital Home Equity Funding Corp.                                                        
|    |  | Jurisdiction:                                                                                                                                                                                                                                                |  | Delaware, incorporated on June 25, 1998                                                            
|    |  | Shareholder:                                                                                                                                                                                                                                                 |  | FC Capital Corp.                                                                                   
|    |  | Name:                                                                                                                                                                                                                                                        |  | Valhalla Holdings Corp.                                                                            
|    |  | Jurisdiction:                                                                                                                                                                                                                                                |  | Delaware, incorporated on June 25, 1998                                                            
|    |  | Shareholder:                                                                                                                                                                                                                                                 |  | FC Capital Corp.                                                                                   

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