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Dec 27, 2006

LIME acquires Meritage Mortgage personnelMortgagePress.comCorrespondent mortgage lending LIME Financial Services Ltd. has reached an agreement to acquire the sales staff and a commensurate portion of the operations staff of Meritage Mortgage Corporation. NetBank, the parent company of Meritage, is exiting the nonprime residential lending sector. "This arrangement with NetBank allows us to capitalize on the most important of the Meritage assets—its people," said LIME CEO Zan Hamilton. "We are offering employment to Meritage account executives (AEs) and will hire operations personnel to support those AEs." Lake Oswego, Ore.-based LIME Financial Services Ltd. is a wholesale nonprime residential lender. For more information, call (877) 270-3838 or visit www.limefinancial.com. NetBank subsidiary Meritage Mortgage Corporation is a nonprime mortgage lender with offices in Jacksonville, Fla. and Beaverton, Ore. For more information, call (800) 257-6040 or visit www.meritage.com.

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Dec 27, 2006

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