The investment management firm acquired nonbank mortgage lender First Guaranty Mortgage as part of broader strategy to serve lower end of market.
Source: Inman News
PIMCO saw a bright future for now-bankrupt mortgage lender FGMC
Published in Analysis, BRAVO Fund, FGMC, Mortgage, non-QM mortgage, pimco, qualified mortgage and Select
More from AnalysisMore posts in Analysis »
- The inventory surge is sputtering. See how your market stacks up
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
- Heard of a K-shaped economy? You’re living in it now
- Is the housing market in the midst of a recession? Treasury Secretary Scott Bessent thinks so
- New client leads, murky waters: October’s mixed bag for real estate
More from FGMCMore posts in FGMC »
More from MortgageMore posts in Mortgage »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- FICO scores, magic phrases, earnings digs: Inman Top 5
- Homebuilders’ rate buydowns are leaving buyers underwater: WSJ
- Stop freaking out about 50-year mortgages. They might save the housing market
- Homebuying off to strongest November start since 2022
More from pimcoMore posts in pimco »
More from qualified mortgageMore posts in qualified mortgage »
- What is a 50-year mortgage? The pros and cons of Trump’s proposal
- Trump’s 50-year mortgage is ‘a big nothingburger’ for homebuyers
- Sprout Mortgage is 2nd non-QM lender to implode in as many weeks
- First Guaranty Mortgage cuts 76% of workforce, leaving partners in lurch
- Take your pick: Encompass handles both old and new qualified mortgage rules
More from SelectMore posts in Select »
- HUD shifts homeless policy away from providing permanent housing
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- RateMyAgent and Curated Social merge to form Renowned platform
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- NAR scores a victory in buyer commission lawsuit
Be First to Comment