Glendale Federal Savings & Loan said its...

Glendale Federal Savings & Loan said its mortgage banking subsidiary, Glenfed Mortgage Corp., will be consolidated into its S&L; operations. “The combined entity will rank among the top five mortgage lenders in the United States and will service a total loan portfolio of over $26 billion,” said Keith Russell, president and chief operating officer of Glendale Federal. The consolidation will result in nine loan sales centers in California.