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Carroll C. Markley

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Virginia-based Millennium Exits Mortgage Banking HW+

Jan 25, 2007By

Millennium Bankshares Corporation today announced it will exit its mortgage banking activities, citing the effects of a soft housing market. “We were concerned about future volatility in earnings as a result of the soft housing market and wanted to eliminate, going forward, the risks normally associated with mortgage banking activities,� said Carroll C. Markley, CEO of Millennium.

3d rendering of a row of luxury townhouses along a street

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