Fund American Enterprises Holdings has called off plans to sell its mortgage subsidiary to Mellon Bank Corp.

The Hanover, N.H.-based company announced Monday that it had scrapped the proposed sale of Source One Mortgage Services Corp. after "four months of fruitless negotiations."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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