In Brief: Massachusetts Company To Concentrate on Retail

Assurance Mortgage Corp. of America said it plans to focus exclusively on its retail division.

The company's president, Steven Edelstein, noted that Assurance has recently increased its retail volume and market share.

Assurance is the fifth-largest mortgage lender in Massachusetts, according to Warren Information Services, with originations so far this year of just under $800 million.

The company has also decided to close its wholesale subprime lending division, but will see through to closing any application that have already been accepted.

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