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 Issue of May 14, 2007 
   

Shrinking Market, Compliance Fuel Merger

Patriot Funding, which recently acquired Centerville-based LightSpeed Mortgage, is based in Framingham.
By Amy Wyeth
A recent merger of mortgage companies on Cape Cod could be one of the first among many still to come. Massachusetts’ regulatory and underwriting climates are tightening as a result of troubles in the subprime loan market and rising foreclosures.

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