Northpointe Bancshares agrees to sell mortgage origination channels to CMG Mortgage
Northpointe Bancshares signed a definitive purchase and lease assumption agreement on October 26, 2026 to sell its distributed retail and consumer direct mortgage origination channels to CMG Mortgage Inc. The agreement follows a non-binding letter of intent disclosed in the company's October 20, 2026 earnings release. The filing does not state a fixed purchase price; instead, CMG will pay 15 basis points (0.15%) on first-lien originations closed through the channels until December 31, 2028, and the transaction is expected to be completed by November 30, 2026.
Key points
- Agreement dated October 26, 2026 with CMG Mortgage Inc. covers the sale of the company's distributed retail and consumer direct mortgage origination channels.
- CMG will pay 15 basis points (0.15%) on first-lien mortgage originations closed through the channels until December 31, 2028.
- CMG will assume leases associated with the channels where possible.
- Completion is expected by November 30, 2026, subject to customary closing conditions and termination rights.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.