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Republic First Bank Quits Mortgage Origination Biz

Sunday, May 14 2023
Originating
Written by  The Mortgage Leader

Republic First Bank is shuttering its legacy mortgage origination business to focus on core business lines, the Philadelphia-based bank’s holding company, Republic First Bancorp, has announced. So reports Dow Jones Newswires.

Exit SquareRepublic First said that its mortgage origination platform’s focus on long-term jumbo mortgage products no longer matches the company’s strategic preferences.

The bank said it would also cut back on its commercial mortgage business in New York City.

Read the full article from Dow Jones Newswires.

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