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New Mexico Mortgage Outfit Buying Iowa Lender

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PSM Holdings Inc. of Roswell, N.M., has agreed to buy Iowa Mortgage Professionals Inc., a lender and brokerage based in Des Moines.

The deal should close on Oct. 1. Iowa Mortgage Professionals would become part of a PSM subsidiary called United Community Mortgage Corp. Earlier this month PSM acquired Fidelity Mortgage Co. of Grand Junction, Colo.

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