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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Analyzing the Trends in Mortgage Origination Amid Economic Shifts
This article analyzes recent trends in mortgage origination affected by economic shifts, focusing on interest rates, housing market changes, and technological advancements in lender practices.
Estimated reading time: 0 minutes, 18 seconds
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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