Mortgage Firms Merge as Loan Market Shrinks
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| California-based Countrywide Home Loans has acquired Hopkinton-based Marathon Mortgage. Pictured above is a Countrywide office in Texas. |
By Andrea Gregory
The sales of two Bay State mortgage companies last month may be just the first of many. With loan volume slowing, many industry watchers say a thinning of the ranks in the mortgage profession and industry consolidation are likely to accelerate in the coming year.
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