Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Bankrate has agreed to acquire MMIS/ and in separate deals worth $40 million, the company said today in separate announcements.   MMIS publishes mortgage guides in more than 300 newspapers and operates, a Web site that publishes financial rates and information connecting consumers with lenders. The purchase price for MMIS is $30 million in cash.   "By acquiring MMIS/ we will be increasing our graphic advertising inventory, broadening our cost-per-click platform, increasing our lead aggregation potential and tripling our newspaper footprint," said Thomas R. Evans, President and CEO of Bankrate.   MMIS sells advertising and publishes consumer mortgage tables and guides in some of the top newspapers in the country,...