Mortgage Industry News
CMG Financial Acquires Norcom Mortgage’s Retail Assets
CMG Financial, a mortgage banking firm headquartered in San Ramon, California, announced its retail acquisition of Norcom Mortgage of Hartford, Connecticut. The financial terms of the acquisition were not disclosed. The integration of Norcom Mortgage marks CMG's...
Mortgage Rates Drift Closer to the 7% Mark
The 30-year fixed-rate mortgage averaged 6.88% as of April 11. Continue Reading Mortgage Rates Drift Closer to the 7% Mark
Colonial Savings Exits the Origination Space, Focusing on Mortgage Servicing
The company’s origination business has its roots in Fort Worth Mortgage, which was founded in 1952. Continue Reading Colonial Savings Exits the Origination Space, Focusing on Mortgage Servicing
Mortgage Rates Go Up, Up and Away
The national median mortgage payment during April was $2,112, an 11.8% spike from $1,889 in April 2022. Continue Reading Mortgage Rates Go Up, Up and Away
Mortgage Delinquency Rate Crashes to a New Low
No state posted an annual increase in overall delinquency rates in March. Continue Reading Mortgage Delinquency Rate Crashes to a New Low
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