Shares in Guild Holdings gain 10 percent as investors recognize $23.9 million net loss for the quarter was driven by a $70 million writedown in the fair value of Guild’s mortgage servicing rights portfolio.
Source: Inman News
Investors cheer as Guild grows Q1 mortgage originations by 35%
Published in Academy Mortgage Corp, cherry creek mortgage, David Neylan, Desiree Kramer, earnings, Guild, Guild Holdings Company, Guild Holdins Co., guild mortgage, Industry News, inman connect, Legacy Mortgage, loan originations, loan servicing, market downturns, Mortgage, mortgage servicing rights, Nationwide Mortgage Licensing System and Registry, organic growth, san diego, Select and Terry Schmidt
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