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Mortgage News for Wednesday - February 12, 2003

More Mortgage News
• Paragon Financial Corp. buys Orlando firm
• Home sales propel locals to record-breaking year
Mortgage News
Paragon Financial Corp. buys Orlando firm - 2003-02-12
Paragon Financial Corp. revealed Wednesday that it has concluded its agreement to acquire Orlando-based Paragon Homefunding Inc., an unaffiliated company.

The acquisition will provide Paragon with an operating presence in Orlando, a key geographic market targeted by the company, as well as provide incremental operating profits from fees and commissions earned through Paragon Homefunding's residential mortgage loan origination activities.
Read the full story at Orlando Business Journal
 
Home sales propel locals to record-breaking year - 2003-02-12
Given the 2002 residential real estate boom in metro Orlando, it should be no surprise that several companies generated new sales records.

Take Realty Executives' Orlando division.
Fifteen associates ended the year with more than $3 million in annual sales, he says. Hillman credits a strong fourth quarter, a robust sales team, low mortgage rates, first-time buyers and an increase in investments.
Read the full story at Orlando Business Journal
 






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