Northpointe Bancshares, Inc. Announces Completion of Definitive Agreement with CMG to Sell Mortgage Origination Channels
Business Wire•28/10/2026•08:15 ET
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Key Highlights
- ➤CMG to pay Northpointe 15 basis points on first-lien originations through December 31, 2028
- ➤Northpointe will sell distributed retail and consumer direct mortgage origination channels to CMG
- ➤Transaction expected to close by November 30, 2026
- ➤CMG will assume associated Mortgage Origination Channels leases where possible
Northpointe Bancshares, Inc. Announces Completion of Definitive Agreement with CMG to Sell Mortgage Origination Channels
Northpointe Bancshares, Inc. (NYSE: NPB) (the “Company”) today announced that it has entered into a purchase and lease assumption agreement (the “Agreement”) with CMG Mortgage Inc. (“CMG”) for the sale of its distributed retail and consumer direct mortgage origination channels (the “Mortgage Origination Channels”).
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