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California Federal Savings & Loan Assn. announced...

California Federal Savings & Loan Assn. announced that Cal Fed Mortgage Co., its mortgage banking subsidiary, has sold about $500 million of its Ginnie Mae servicing portfolio to Suncoast Savings & Loan Assn. of Hollywood, Fla. Terms were not disclosed. The transaction essentially completes the restructuring plan Cal Fed Mortgage announced this summer. In that action, the company consolidated its California and Arizona loan-organization offices with those of California Federal S&L.;


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