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South Carolina mortgage company hires industry vet to run the operation
The development work group will analyze and develop standards for reverse mortgages.
Dallas-based lender saw its loan originations fall 46% in 2022 from a year earlier.
Announces plan after acquiring Cherry Creek Mortgage, a top 10 HECM lender.
Losses attributed to business lines it is vacating in 2023.
Prosecutors had sought 15 years in $200M bond fraud scheme.
