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 originated more than $19 billion in 2022, said the M&A deal seeks to increase its footprint on the retail lending business. Its CEO Christopher George said in a statement that the companies, both privately held, will together create “meaningful opportunities for innovation and growth.”
New Jersey-based Homebridge says it originated $12 billion in 2022, and has more than 1,600 associates throughout the United details ⇒
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