Guild Mortgage Expands Reverse Mortgage Division
Announces plan after acquiring Cherry Creek Mortgage, a top 10 HECM lender.
Announces plan after acquiring Cherry Creek Mortgage, a top 10 HECM lender.
Losses attributed to business lines it is vacating in 2023.
Prosecutors had sought 15 years in $200M bond fraud scheme.
Company decentralizes its operations and creates Reverse Advisory Council.
DBRS Morningstar anticipates lending volumes will be lower and credit performance will begin to slip.
Payments to reverse mortgage borrowers to resume.
Lender cut 80% of staff a week after pausing mortgage originations.