✉news BusinessRetail first seen 2 d ago, last 1 d ago, peak #1
Northpointe Plans Retail Mortgage Exit, Pursues CMG Deal
Northpointe is preparing to exit the retail mortgage business and is pursuing a deal with CMG, according to National Mortgage Professional. The move would mark a significant shift in the company's lending strategy, though details about the transaction's structure, timing, or impact on staff and borrowers have not yet been disclosed.
Why now: News of a lender withdrawing from retail mortgage lending and pursuing a deal with CMG is new and relevant to industry watchers tracking consolidation in the mortgage sector.
NorthpointeCMGNational Mortgage Professional
Evidence
- Northpointe Plans Retail Mortgage Exit, Pursues CMG Deal · National Mortgage Professional
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