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Lps Holdings Corp

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BUSINESS
August 27, 1991
The Hammond Co., a mortgage banking company in Newport Beach, said Monday that it has sold its finance subsidiary, Hammond Mortgage Securities Corp., to an affiliate of a Maryland company for $1 million in cash. The acquirer was LPS Holdings Corp., an affiliate of the Ryland Group Inc. of Columbia, Md. "For us, it's a large transaction because we're not a big company," said Jonathan T. Bastis, executive vice president of the Hammond Co. Hammond Mortgage Securities Corp.
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BUSINESS
August 27, 1991
The Hammond Co., a mortgage banking company in Newport Beach, said Monday that it has sold its finance subsidiary, Hammond Mortgage Securities Corp., to an affiliate of a Maryland company for $1 million in cash. The acquirer was LPS Holdings Corp., an affiliate of the Ryland Group Inc. of Columbia, Md. "For us, it's a large transaction because we're not a big company," said Jonathan T. Bastis, executive vice president of the Hammond Co. Hammond Mortgage Securities Corp.
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