California-based multichannel mortgage lender CMG Financial announced on Thursday that it acquired Norcom Mortgage’s retail assets, expanding its operations in the Northeast with the addition of 25 branches from Maryland to Maine. The financial details of the deal were not disclosed. “Norcom Mortgag

Property preservation company MCS announced last month that it had entered the reverse mortgage business after acquiring Five Brothers Asset Management Solutions. In part one of RMD’s interview with MCS CEO Craig Torrance, he explained his company’s interest in the reverse space.In the second part o

Foreclosures remained relatively stable in the first quarter of 2024 and homeowners continue to hold significant equity.In March, there were 32,878 U.S. properties with a foreclosure filing, down less than 1% from the previous month and down 10% from a year ago. Meanwhile, 23,312 U.S. properties sta

Editor in Chief Sarah Wheeler sat down with Scott Smith, interim CEO at Optimal Blue, to talk about the right tech investments to make now and how the company plans on keeping its customers for life. Sarah Wheeler: What differentiates your tech?Scott Smith: I think a differentiator is our position i