KeyCorp's desire to be a one-stop shop for its property developer clients inspired its deal, announced last week, to buy Newport Mortgage Co., a Dallas apartment lender.

KeyCorp is authorized to originate and service apartment loans for Fannie Mae. Newport, which KeyCorp agreed to buy for undisclosed terms, brings to the table a longstanding relationship with the other main source of multifamily mortgage funds, Freddie Mac.

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