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Products
Universal Mortgage Corp. announces closure
MEQUON, Wis. (5/10/10)--Universal Mortgage Corp., a mortgage bank that counted credit unions among its clients, has informed state officials in Wisconsin it will begin to close permanently this month. The Mequon, Wis.-based Universal told the Department of Workforce Development in a letter that it had been unsuccessful in finding capital or a buyer to forestall closing (Milwaukee Journal Sentinel May 3). The shutdown will begin May 15 and continue through the end of the month. It will eliminate about 100 jobs.


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