twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.


Guild Mortgage Growth Fueled by Correspondent

Q3 mortgage originations up 3% from prior quarter

Oct. 28, 2015

By Mortgage Daily staff



Quarterly home lending activity increased at Guild Mortgage Co., and the gain came solely from the correspondent channel. Staffing and servicing also grew.

Residential loan originations during the third quarter at Guild totaled 17,423 loans for $3.952 billion.

The San Diego-based company reported the details, as well as other operational data, as part of the Mortgage Daily Third Quarter 2015 Mortgage Origination Survey.

Business improved from the previous quarter, when 16,687 home loans were closed for $3.827 billion.

Activity also accelerated compared to the same quarter in 2014, when Guild funded 9,738 mortgages for $2.065 billion.

From Jan. 1 through Sept. 30 of 2015, mortgage production amounted to 46,444 loans for $10.629 billion.

Third-quarter 2015 volume included $3.134 billion in retail originations, off three percent from the prior quarter, and $0.003 billion in wholesale business, sinking 81 percent from the second quarter.

But correspondent acquisitions surged 39 percent on a quarter-over-quarter basis to $0.815 billion.

Also contributing to origination growth were last year's acquisitions.

"The addition of Comstock Mortgage in Sacramento and Northwest Mortgage Group based in Portland boosted market share in those regions," Guild President and Chief Executive Officer Mary Ann McGarry said in a news release.

McGarry projects that full-year 2015 volume will reach $12 billion.

Purchase financing accounted for $7.5 billion of year-to-date volume.

Guild said it serviced 115,005 home loans for $20.752 billion as of Sept. 30, 2015.

The servicing portfolio grew from 106,282 loans for $18.939 billion three months earlier and 90,744 mortgages for $15.848 billion a year earlier.

The most-recent number was comprised of $1.382 billion in loans owned by the company and $19.369 billion in mortgages serviced for third parties.

Headcount finished last month at 2,704 people. Staffing expanded from 2,553 employees at the end of the second quarter and 1,938 people as of the close of the third-quarter 2014.


Branch count finished the third-quarter 2015 at 234, with offices located in 25 states.


Guild Mortgage profile

next story

back to current headlines



Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.


Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.


Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.



Mortgage Branch News | Net Branch | Mortgage Branch Directory
Coverage of new and existing net branch operations. Programs, payouts and other details. Profiles of brokers and net branch lawsuits.


Logout forgot
password?

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders