The consolidation of the mortgage industry appears to have entered a new phase. Household Mortgage Services announced it would stop originating home loans and lay off 200 people. Analysts said the closing could signal a new wave of shutdowns now that the market for mortgage assets has cooled.

A spokesman said the company made no attempt to find a buyer for its loan production operation. Because of a highly competitive pricing in the mortgage market, profits from loan originations have been elusive, so production capacity has little market value.

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