The 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.
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Navigating the New Terrain of Mortgage Originations
Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.
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Colonial Savings Shutters Mortgage Origination Unit
Colonial Savings has revealed that it will exit the mortgage origination business as of July 31. So reports NEXT Mortgage News.
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