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Stock impact report

Guild Mortgage Strategically Expands with Acquisition of Academy Mortgage [Yahoo! Finance]

Guild Holdings Company Class A (GHLD) 
Company Research Source: Yahoo! Finance
SAN DIEGO, February 13, 2024 BUSINESS WIRE Guild Mortgage (NYSE: GHLD), a growth-oriented mortgage lending company originating and servicing residential loans since 1960, has agreed to acquire the retail lending assets of Academy Mortgage Corporation , a privately held Utah-based lender. Academy boasts approximately 200 branches and more than 1,000 employees who will transition to Guild, including more than 600 licensed mortgage originators. The addition of Academy Mortgage will extend Guild's market share across its national footprint. Academy's loan volume represents an approximate 25% increase in annual origination volume for Guild, based on results from both organizations through the third quarter of 2023, and the combined company would be the 8th largest non-bank retail lender in the country . Guild is currently the 10th largest non-bank retail lender. Both Guild and Academy Mortgage are licensed to originate loans in 49 states and Washington, D.C. "Guild and Academy share a Show less Read more
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