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CMG acquires Homebridge’s retail assets
March 7, 2023
Mark Paul Cervantes
Housing Wire
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California-based CMG Mortgage, Inc. struck a deal to acquire the retail division of Homebridge Financial Services, the companies announced on Monday. The financial terms of the transaction were not disclosed. CMG Mortgage, which claims it […]
Retail losses lead February decline in reverse mortgage volume
April 17, 2024
Mariel Alumit
Housing Wire
Comments Off on Retail losses lead February decline in reverse mortgage volume
Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. The […]
Guild acquires small retail lender Legacy Mortgage
February 8, 2023
Mariel Alumit
Housing Wire
Comments Off on Guild acquires small retail lender Legacy Mortgage
Acquisitive lender Guild Mortgage on Tuesday announced the acquisition of Legacy Mortgage, increasing its footprint in the Southwest. Publicly traded Guild is picking up Legacy’s 13 branches across four Southwest states – Arizona, Colorado, New Mexico […]