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 »
- Hopeful but wary, agents report slippage in listing pipelines: Intel
- Blueprint launches new subscription research platform for commercial executives
- As homebuyers gain leverage, sellers get cold feet. Is it happening near you?
- Modest gains help agents see path to recovery: Client Pipeline Tracker
- Why Trump’s moves to control Fed could send mortgage rates higher
More from FGMCMore posts in FGMC »
More from MortgageMore posts in Mortgage »
- Better Mortgage seizes the day on Wall Street with $75M raise
- Is the mortgage lock-in effect ending? These numbers offer clues
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- Enduring elegance: Leadership lessons from Giorgio Armani
- How the Compass-Anywhere deal could spur an ‘arms race’
More from pimcoMore posts in pimco »
More from qualified mortgageMore posts in qualified mortgage »
- 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
- New restrictions on Fannie, Freddie refis blamed for tighter mortgage credit
- CFPB officially delays new QM rule well into next year
More from SelectMore posts in Select »
- Zillow bashes CoStar in request to transfer lawsuit
- In copyright battle with Zillow, CoStar says the portal giant ‘brazenly’ keeps at it
- Douglas Elliman launches national Estate, Trust & Probate Division
- The Compass-Anywhere merger: Questions from a Coldwell Banker real estate agent
- Associations: Want to add value, relevance? Raise the bar on events
Be First to Comment