Guild Mortgage released its fourth-quarter and full year 2023 earnings report this week, showing that it narrowed its focus on purchase originations and increased its market share on the forward lending side, but it still sustained a loss.

After its acquisition last year of Cherry Creek Mortgage, Guild increased its involvement in the reverse mortgage industry due to Cherry Creek’s well-developed reverse lending apparatus. In the new earnings report, the company now lists reverse mortgages it holds for investment, which totaled $315.9 million, representing loans it has elected details ⇒

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