GHLD - Guild Holdings buys Residential Mortgage Services Holdings

Guild Holdings Company (GHLD) strategically expands into the Northeast with the acquisition of Residential Mortgage Services Holdings ((RMS)).RMS has 70 offices across 14 New England and Mid-Atlantic states. In 2020, RMS generated $8.5 billion of loan originations, achieving a CAGR of 26% since 2010.The financial terms were not disclosed.The addition of RMS will extend Guild’s presence into new geographies and create growth opportunities as it continues to build market share across the U.S.Guild expects the transaction to be accretive to 2021 earnings per share and close in Q3'21, subject to necessary approvals.

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Guild Holdings buys Residential Mortgage Services Holdings