General World News

Guild reports higher profits in Q3, plans to acquire purchase lenders 

California lender Guild Mortgage reported an increased profit in the third quarter despite high mortgage rates and limited home sales inventory. 

The purchase-focused lender with a distributed retail model emphasized its growth strategy of gaining purchase market share through acquisitions and bringing on high-performing originators as the industry continues to see muted demand for mortgages.

Guild reported a $54.2 million net income in the third quarter of 2023, up 47% from the previous quarter’s $36.9 million. The adjusted net details ⇒

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