MANSFIELD, Mass. - Farragut Mortgage Co. said Monday that it has terminated its agreement to merge with J.I. Kislak Inc. of Miami Lakes, Fla.

Farragut's performance has been weak since the merger announcement. It reported a $4.7 million loss in the Sept. 30 quarter, attributed mostly to heavy loan prepayments.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.