General World News

Guild acquires small retail lender Legacy Mortgage

Acquisitive lender Guild Mortgage on Tuesday announced the acquisition of Legacy Mortgage, increasing its footprint in the Southwest.

Publicly traded Guild is picking up Legacy’s 13 branches across four Southwest states – Arizona, Colorado, New Mexico and Texas.

Terms of the deal were not disclosed.

“This acquisition is part of the company’s continued plan to grow both in existing markets and by entering new ones with selective acquisitions of like-minded lenders,” Guild CEO Mary Ann McGarry said in a statement. “Legacy Mortgage recently celebrated its 20-year anniversary of providing home financing and our details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com