Cal Fed Mortgage will expand in the Northeast.
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The subsidiary of Los Angeles-based CalFed Inc. will open offices Aug. 1 in Greenwich, Conn.; Jericho, N.Y., and Roseland, N.J. Each office will provide a wide range of adjustable and fixed-rate mortgage products. Adjustable-rate mortgage loans will be sold to the parent company, California Federal. Fixed-rate mortgages will be sold in the secondary market and serviced by Cal Fed Mortgage.
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