Northpointe Bancshares to sell mortgage origination channels to CMG
Northpointe Bancshares agreed to sell its mortgage origination channels to CMG, earning 15 bps on first-lien loans through end-2028.
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what happened
According to TradingView, citing a press release from Northpointe Bancshares, the bank has signed a purchase and lease assumption agreement to transfer its distributed retail and consumer direct mortgage origination channels to CMG Mortgage.
CMG will pay Northpointe 15 basis points on each first-lien mortgage closed through these channels until December 31, 2028. CMG will also take over the leases tied to the channels where possible. Completion is expected by November 30, 2026, subject to customary closing conditions.
The agreement was signed on October 26, 2026, and follows a non-binding letter of intent the bank disclosed in its October 20, 2026 earnings release.
why it matters
This is a modest story for the market: the deal shows the bank exiting in-house mortgage origination and moving to a fee stream that depends on CMG's volumes. The financial effects have not yet been disclosed.
tags
instruments
sources
- Northpointe Bancshares, Inc. (NPB) Sells Mortgage Origination Channels to CMG — TradingView, 28 October 2026 at 12:15 UTC
- Northpointe Bancshares, Inc. Announces Completion of Definitive Agreement with CMG to Sell Mortgage Origination Channels — TradingView, 28 October 2026 at 12:15 UTC
- Northpointe Bancshares to Sell Mortgage Origination Channels to CMG — TradingView, 28 October 2026 at 12:33 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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