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Consolidated Mortgage

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consolidated mortgage
A mortgage made to replace two or more outstanding mortgages.

Consolidated Mortgage
A mortgage that one takes out in order to pay off two or more mortgages. The mortgages may or may not be for the same piece of property. A mortgage holder may take out a consolidated mortgage to lower monthly payments or for some other reason. See also: Blanket mortgage, Debt consolidation, Consolidated mortgage bond.


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Its wholly-owned subsidiary Consolidated Mortgage, one of the largest private trust deed investment firms in Nevada, has more than $450 million in loans under management.
said, "The strong growth in this quarter is attributed to several factors, most notably the ongoing benefit of now having full ownership of Consolidated Mortgage, a
DCR purchased an additional 22% of the outstanding equity of Consolidated Mortgage LLC, bringing its ownership of Consolidated Mortgage to 100%.
 
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