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Mortgage Daily Sold by Sam Garcia More Than 2 Decades After Founding

Written by Customer Service on . Posted in Mergers And Acquisitions.

LAGUNA BEACH, Calif., Feb. 17, 2021 (GLOBE NEWSWIRE) — Mortgage Daily, an online source of news and data for the mortgage industry, has been sold by Sam Garcia. The transaction took place more than two decades after he founded the first online-only mortgage trade news publication.Mortgage Daily was founded by Garcia and two information technology professionals in 1998 as “MortgageDaily.com.” It began as an email newsletter that Garcia sent to his colleagues in real estate finance. The newsletter included headlines and links to free online news stories by other news outlets about mortgages. A website was developed, and Garcia eventually began writing news stories himself. In 2000, Garcia went full-time as a news publisher and subsequently acquired 100 percent interest in the business. At the time, Mortgage Daily was the only online-only news publication for the mortgage industry.No details have been provided about the terms of the sale or the acquirer.

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