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Mortgage broker fined, license revoked

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A Woodbury mortgage broker that was the subject of an area couple's testimony during predatory lending hearings at the capitol last year is no more.

The WealthSpring Mortgage branch in Woodbury recently had its license revoked by the state Department of Commerce in a judgment filed in favor of Ed and Lisa Kivel of Baytown Township, who said they were scammed by the business in 2004. The business was also fined $20,000.

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