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Northpointe Bancshares Announces Agreement to Sell Mortgage Origination Channels
Northpointe Bancshares announced completion of a definitive agreement with CMG to sell its mortgage origination channels.
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 Agrees to Sell Mortgage Origination Channels to CMG
Northpointe Bancshares entered into a purchase and lease assumption agreement with CMG Mortgage for the sale of its distributed retail and consumer direct mortgage origination channels.