Northpointe Bancshares to Sell Mortgage Origination Channels to CMG
Northpointe Bancshares entered a purchase and lease assumption agreement to sell its distributed retail and consumer direct mortgage origination channels to CMG. The agreement provides for basis points on first-lien originations through Dec. 31, 2028; closing is expected by Nov. 30, 2026, subject to conditions.
Northpointe Bancshares entered a purchase and lease assumption agreement to sell its distributed retail and consumer direct mortgage origination channels to CMG, with 15 bps on first—lien originations through Dec. 31, 2028. Closing is expected by Nov. 30, 2026, subject to conditions.Material Detail…