Southcoast Financial Corp., Mt. Pleasant, S.C., has announced an agreement to acquire the assets of Charles Towne Mortgage Corp., Charleston, S.C.The terms of the deal were not disclosed. Southcoast said it will retain all employees of Charles Towne. Charles Towne will operate as an independent division of Southcoast Community Bank, a subsidiary of Southcoast Financial that can be found on the Web at http://www.southcoastbank.com.
While the nationwide purchase average declined nearly 3% in 2025, these costs rose in 23 of 50 states and the District of Columbia, a study from LodeStar said.
Priority Financial Network CEO Marc Shenkman allegedly told a former employee to "keep his resume out there" because he planned to get Lendwise shut down.
Technology and customer service were the two largest categories within operational expenses last year, according to the Mortgage Bankers Association.
Bright partnered with real estate data and analytics platform HouseCanary to deliver exposure on Google at no additional cost or operational efforts.
The move may have been related to the government-sponsored enterprise's duration gap but could also have resulted from many other considerations.
The lawsuit is the third against a California-based mortgage company this month after revelations of another early-2026 incident at a wholesale lender.
