Patriot throws in towel, says it's too hard to battle

Ratner, Juliana
April 1996
American Banker;4/11/1996, Vol. 161 Issue 69, p8
Trade Publication
Discusses Patriot Mortgage Company's decision to quit the mortgage lending business and sell five of its branches in three states in the United States. Why company decided to quit; Comments from Patriot chairman, Robert Keating; Sale of small lending business in 1995; Impact of large mortgage units on small lenders; Observations from Thomas O'Donnell, a mortgage industry analysts.


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