People's Bank of Bridgeport, Conn., is the latest bank to quit mortgage servicing, handing over its business to giant HomeSide Lending.

The bank joined HomeSide's roster of "preferred partners," which also includes BankBoston and Bank One Corp. These companies originate loans through their retail branches but leave billing and processing payments to HomeSide, the Jacksonville, Fla.-based subsidiary of National Australia Bank.

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.