CMG Financial founder to acquire Greenwoods State Bank

Christopher George, the founder of California-based multichannel mortgage lender CMG Financial, has struck a deal to acquire Greenwoods Financial Group, the owner of Greenwoods State Bank. Financials of the deal were not disclosed. George will become an indirect wholly owner of a $575 million FDIC-state chartered bank based in Lake…

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Home prices jump in more than half of opportunity zones: Attom

Federally designated opportunity zones aren’t immune to the nationwide trends of elevated mortgage rates and low inventory that is pushing up home prices. In fact, these areas track quite closely with broader trends. According to a new report from real estate data provider Attom, median home values in second-quarter 2024…

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