PROVIDENCE - Reacting to a deteriorating home lending market, Fleet National Bank has renegotiated its acquisition of Plaza Home Mortgage Corp. to pay $7.625 per share, down from an original price of $10.125.

Under terms of the new deal the Fleet Financial unit will pay about $89 million for the Santa Ana, Calif.-based mortgage lender, as opposed to the $120 million price announced when the deal was first made public in September.

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