Key facts
- First Federal Bank and Mortgage Forward have signed a definitive agreement.
- Mortgage Forward will acquire First Federal's Third-Party Origination division.
- The transaction is expected to close in the third quarter of 2026.
First Federal Bank, based in Florida, and Illinois-based Mortgage Forward, a CUSO within the Great Lakes Credit Union Family of Companies, announced on June 5, 2026, that they have entered into a definitive agreement. Under this agreement, Mortgage Forward will acquire First Federal Bank's Third-Party Origination (TPO) division. The transaction is anticipated to be finalized in the third quarter of 2026.