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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.

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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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