Harbourton Buying Privately Held Mortgage Firm

Published June 23, 2006, 2:00 p.m. EDT

1 Min Read

Harbourton Capital Group Inc., McLean, Va., has announced an agreement to acquire Molton Allen & Williams Mortgage Co., a privately held mortgage banker based in Fairfax, Va.The terms of the deal were not disclosed. Harbourton said that after it acquires all the membership interests in MAW, it plans to merge it into a wholly owned subsidiary, Harbourton Mortgage Investment Corp. "The ability of the combined companies to offer a full range of mortgage programs covering the entire credit spectrum, including conforming and nonconforming loan products, through branch origination and operations facilities in California, Virginia, and Alabama will provide significant new opportunities for growth," said J. Kenneth McLendon, president and chief executive officer of Harbourton Capital. Harbourton Mortgage Investment Corp. and MAW can be found on the Web at http://www.hmic.com and http://www.mawmortgage.com.

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