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
More from AnalysisMore posts in Analysis »
- Nepo Babies grow up as data points to new phenomenon: Nepo Buyers
- Over 60% of agents have been recruited so far this year: Intel
- Case-Shiller is a go-to source for prices — but know these blind spots
- Brokerages, lenders anticipate big recruitment push in 2024: Triple-I
- Agents have real concerns — but commission rates aren’t at the top
More from FGMCMore posts in FGMC »
More from MortgageMore posts in Mortgage »
- Dr. Shani Mott spent her last days fighting for housing equality
- Mortgage rates are chasing Treasury yields lower — for now
- LoanDepot settles high-profile appraisal bias lawsuit filed in 2022
- Congress grants National Flood Insurance Program a reprieve
- ICE on a signing spree for new ‘mortgage tech ecosystem’
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 »
- Landing acquires flexible rental platform Barsala for $30M
- Pennsylvania’s No. 1 team leaves eXp Realty for Real Brokerage
- Moehrl trial shifts to early 2025 as HomeServices keeps skin in game
- Pending home sales tally modest uptick amid rise in jobs, inventory
- Broker Spotlight: Wyatt Poindexter, The Agency
Be First to Comment