Northpointe Bank announces 338 layoffs following agreement with CMG to sell mortgage origination channels
Published . Updated .
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This report is about banks and real estate.
Directly affected
- No company is named in this report.
Indirectly affected
- XLF Financial Select Sector SPDR-1.4% 30d
Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story.
- KRE SPDR S&P Regional Banking ETF-3.0% 30d
SPDR S&P Regional Banking ETF: it holds banks. Linked by “bank” (banks) in this story.
- XLRE Real Estate Select Sector SPDR+2.7% 30d
Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “mortgage” (real estate) in this story.
- BAC Bank of America-11.4% 30d
Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- JPM JPMorgan Chase+0.1% 30d
JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- PLD Prologis-3.7% 30d
Prologis (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story.
- WFC Wells Fargo+4.4% 30d
Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- DHI D.R. Horton+11.9% 30d
D.R. Horton (operative builders): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLF | -3.78% | -2.75% | base | -2.67% | after close | after close | after close |
| KRE | -1.70% | -0.54% | base | -2.36% | after close | after close | after close |
| XLRE | -4.53% | -3.24% | base | -1.82% | after close | after close | after close |
| BAC | -0.95% | -4.00% | base | -3.18% | after close | after close | after close |
| JPM | -2.45% | -3.27% | base | -4.27% | after close | after close | after close |
| PLD | -2.56% | -1.30% | base | -1.57% | after close | after close | after close |
| WFC | -3.01% | -1.76% | base | -3.29% | after close | after close | after close |
| DHI | -6.73% | -2.62% | base | -0.56% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Northpointe Bank announces 338 layoffs following agreement with CMG to sell mortgage origination channels WZZM13.com
Source: WZZM13.com
Select Sector Spdr Tr (XLF) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of America (BAC) | that day | -3.18% | still updating |
| Bank Of America (BAC) | three days earlier | -4.00% | final price |
| Bank Of America (BAC) | five days earlier | -0.95% | final price |
| Horton D R (DHI) | that day | -0.56% | still updating |
| Horton D R (DHI) | three days earlier | -2.62% | final price |
| Horton D R (DHI) | five days earlier | -6.73% | final price |
| Jpmorgan Chase (JPM) | that day | -4.27% | still updating |
| Jpmorgan Chase (JPM) | three days earlier | -3.27% | final price |
| Jpmorgan Chase (JPM) | five days earlier | -2.45% | final price |
| Spdr Series Trust (KRE) | that day | -2.36% | still updating |
| Spdr Series Trust (KRE) | three days earlier | -0.54% | final price |
| Spdr Series Trust (KRE) | five days earlier | -1.70% | final price |
| Prologis (PLD) | that day | -1.57% | still updating |
| Prologis (PLD) | three days earlier | -1.30% | final price |
| Prologis (PLD) | five days earlier | -2.56% | final price |
| Wells Fargo (WFC) | that day | -3.29% | still updating |
| Wells Fargo (WFC) | three days earlier | -1.76% | final price |
| Wells Fargo (WFC) | five days earlier | -3.01% | final price |
| Select Sector Spdr Tr (XLF) | that day | -2.67% | still updating |
| Select Sector Spdr Tr (XLF) | three days earlier | -2.75% | final price |
| Select Sector Spdr Tr (XLF) | five days earlier | -3.78% | final price |
| Select Sector Spdr Tr (XLRE) | that day | -1.82% | still updating |
| Select Sector Spdr Tr (XLRE) | three days earlier | -3.24% | final price |
| Select Sector Spdr Tr (XLRE) | five days earlier | -4.53% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 57 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 73 days before publication. Filed 16 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 62 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 62 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 70 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. David J. Taylor bought Prologis (PLD), worth $1,001 - $15,000 on 15 Oct 2026. That is 21 days before publication. Filed 29 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Prologis (PLD) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 41 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Prologis (PLD) (held by a dependent child), worth $15,001 - $50,000 on 11 Sep 2026. That is 55 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 41 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $15,001 - $50,000 on 17 Sep 2026. That is 49 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $1,001 - $15,000 on 15 Sep 2026. That is 51 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Horton D R (DHI), worth $15,001 - $50,000 on 17 Aug 2026. That is 80 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Select Sector Spdr Tr (XLF)
Companies mentioned with this story
- XLF Select Sector Spdr Tr
For “Northpointe Bank announces 338 layoffs following agreement with CMG to sell mortgage origination channels,” Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence. Reason on file: Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story
- KRE Spdr Series Trust
For “Northpointe Bank announces 338 layoffs following agreement with CMG to sell mortgage origination channels,” Spdr Series Trust (KRE) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Regional Banking ETF: it holds banks. Linked by “bank” (banks) in this story
- XLRE Select Sector Spdr Tr
Select Sector Spdr Tr (XLRE) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Northpointe Bank announces 338 layoffs following agreement with CMG to sell mortgage origination channels.” Reason on file: Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “mortgage” (real estate) in this story
- BAC Bank Of America
For “Northpointe Bank announces 338 layoffs following agreement with CMG to sell mortgage origination channels,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story
- JPM Jpmorgan Chase
For “Northpointe Bank announces 338 layoffs following agreement with CMG to sell mortgage origination channels,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story
- PLD Prologis
Prologis (PLD) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “Northpointe Bank announces 338 layoffs following agreement with CMG to sell mortgage origination channels.” Reason on file: Prologis (real estate investment trusts): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story
- WFC Wells Fargo
For “Northpointe Bank announces 338 layoffs following agreement with CMG to sell mortgage origination channels,” Wells Fargo (WFC) is linked, with no stored direction, medium confidence. Reason on file: Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story
- DHI Horton D R
In “Northpointe Bank announces 338 layoffs following agreement with CMG to sell mortgage origination channels,” Horton D R (DHI) is linked, with no stored direction, medium confidence. Reason on file: D.R. Horton (operative builders): housing and property firms move with mortgage rates and demand. Linked by “mortgage” (real estate) in this story
Select Sector Spdr Tr (XLF)
Select Sector Spdr Tr (XLF) is the company in “Northpointe Bank announces 338 layoffs following agreement with CMG to sell mortgage origination channels,” the 5 Nov 2026 this story story.
Select Sector Spdr Tr (XLF) is on the page because Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story
Spdr Series Trust (KRE) is here too. Its reason reads: SPDR S&P Regional Banking ETF: it holds banks. Linked by “bank” (banks) in this story
Dates and price levels for Select Sector Spdr Tr (XLF)
KRE traded between 67.80 and 71.93 across 20 sessions. The latest close on file is 70.61. XLF traded between 52.82 and 56.03 across 20 sessions. The latest close on file is 55.07. XLRE traded between 40.28 and 43.70 across 20 sessions. The latest close on file is 43.64.
A simple score for Select Sector Spdr Tr (XLF)
46 out of 100Price not final
“Northpointe Bank announces 338 layoffs following agreement with CMG to sell mortgage origination channels” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.