Mid America Mortgage Selling Retail Lending Business to Legend

National Mortgage News, May 16, 2022–Bonnie Sinnock (subscription)
Financial terms of the deal were not disclosed. Mid America will selectively retain some retail for certain products and portfolio retention, and remain active in automation, secondary marketing executions for specialty products, correspondent and wholesale. The deal includes an earnout and Legend will continue to use Mid America’s loan origination system.
https://www.nationalmortgagenews.com/news/mid-america-mortgage-selling-retail-lending-business-to-legend