Embrace Home Loans, Newport, R.I., has acquired Mason Dixon Funding, Rockville, Md. The terms of the agreement were not disclosed. Mason Dixon Funding said its principal owners, including executive vice president Cary Reines, will remain with the company and report to Embrace Home Loans' president, Kurt Noyce, and Embrace's chief executive officer and founder Dennis Hardiman. Mason Dixon has nine retail branches in Maryland, Virginia, the District of Columbia and Delaware. Embrace, which earlier this month changed its name from Advanced Financial Services, has originated more than $3 billion in loans this year and operates 16 retail branches.
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