I'm not sure what "mfm" stands for, but if you're looking for an alternative to an OB, then I would recommend you check out UNC Midwives (which I know is in Chapel Hill, but it's worth the 30min drive IMO), or Triangle OB/GYN in Cary which also has midwives.
Re: Any mfm recommendations in the raleigh area?
mfm=maternal fetal medicine.
I've heard wonderful things about Duke Perinatal (which is staffed by mfm doctors)-they have offices in Raleigh.