Mortgage Lender Sold
LAGUNA BEACH — A unit of Florida-based CFI Mortgage Inc. said Tuesday that it has acquired California Pacific Mortgage Co., a Laguna Beach company that specializes in loans to borrowers with blemishes on their credit records. Terms weren’t disclosed.
California Pacific, which was established seven years ago, specializes in sub-prime lending in states including California, Arizona, Idaho, Indiana, Montana, New Mexico, Oklahoma, Oregon, Utah and Wyoming.
CFI Mortgage originates, purchases and sells first mortgage loans.
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