Mortgage Network Buys American Eagle Mortgage

New England-based mortgage banker Mortgage Network Inc. has acquired Pennsylvania loan broker American Eagle Mortgage, which has been serving the Lansdowne and Whitehall areas of the state. American Eagle's former owner, Dan Murphy, plans to serve as branch manager for the locations. According to Mortgage Network, his team of about 20 loan officers also will remain intact and continue to operate in the same locations with the support of Pittsburgh and Lancaster Mortgage Network offices.

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