Westmark Group Holdings Inc. has agreed to assume the wholesale subprime mortgage production capabilities of Credit Depot Corp., a Gainesville, Ga., company that is liquidating its holdings.

For Westmark, parent of Westmark Mortgage Corp., the transaction represents a continuation of its mergers, acquisitions, and growth strategy. In mid-October Westmark acquired the wholesale mortgage assets of Prestige Financial Services Corp. of Boynton Beach, Fla.

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