A number of banks are going against expectations and rather than consolidating their mortgage lending operations as volume continues to drop, they are expanding them.

More typical among banks is the action being taken by Middleburg (Va.) Financial Corp, the majority owner of Southern Trust Mortgage. In response to the decline in loan production, Middleburg plans a continued reduction in personnel and in expenses throughout the mortgage company, it said in its 4Q13 earnings press release.

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