Guild Mortgage Acquires Foothold In The Northeast
Inman Connect After going public last fall, Guild Mortgage is expanding its footprint into the Northeast with an agreement to acquire South Portland, Maine-based Residential Mortgage Services Holdings Inc. (RMS) for roughly $197 million. If the deal closes as expected during the third quarter, RMS will be San Diego-based Guild’s seventh acquisition since 2008. Guild will grow by 70 retail branches and 250 loan officers, making it one of the 10 biggest non-bank retail lenders in the country. Guild CEO Mary Ann McGarry touted the strategic nature of the acquisition, noting that both companies...
Source: inman.com