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April 26, 2012

Fairplay Financial

Kirkland-based Fairplay Financial acquired Sound Mortgage, a privately held mortgage bank in Federal Way with business in Washington, Oregon, California and Hawaii. Sound Mortgage will keep its name and staff, and provide take-out financing for investors who acquire properties at foreclosure auctions with bridge loans. Sound Mortgage last year funded 738 loans totaling $180 million. Fairplay said this is part of its plan to move into new markets.




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