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Colonial Savings Shutters Mortgage Origination Unit

Friday, May 26 2023
Originating
Written by  The Mortgage Leader

Colonial Savings has revealed that it will exit the mortgage origination business as of July 31. So reports NEXT Mortgage News.

ColonialThe Texas-based financial institution said that its reasons include “changing market dynamics and a strategic evaluation of its business operations.”

Founded in 1952, Colonial Savings will concentrate on full-service banking and mortgage servicing.

Read the full article from NEXT Mortgage News.

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