PFINGSTEN PUBLISHING ACQUIRES "MORTGAGE ORIGINATOR" & RELATED ASSETS.Pfingsten Publishing (Cleveland, OH), a unit of Pfingsten Partners (Deerfield, IL), has acquired Mortgage Originator magazine, its mortgage-related conferences and seminars business and related assets from Mortgage Publishing Group (San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , CA). No terms of the deal were given. The acquired title is described as the leading trade magazine covering the mortgage origination business. It is published monthly and has a controlled circulation of 16,000 mortgage bankers Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. , brokers and loan officers employed by banks, savings and loans savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. , and credit unions. Pfingsten said the deal is a "strategic acquisition designed to expand Ptingsten's portfolio for financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. publications." Last year, the company acquired Life Insurance Selling and American Agent & Broker as part of its purchase of Commerce Publishing (St. Louis, MO). Pfinsten said that it plans a "swift expansion" through add-on acquisitions in both its current vertical markets and in new ones. The company also said it plans internal growth through trade shows, electronic products and ancillary assets. Pfingsten Publishing president Joseph Bennett said the acquired assets are "precisely the kinds of properties we envisioned bringing under the Pfingsten umbrella when we created our strategic expansion program." Pfingsten was represented by The Jordan, Edmiston Group (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ). |
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