- Guild Mortgage Company, a wholly owned subsidiary of Guild Holdings Company ( NYSE: GHLD ), said Tuesday it acquired Legacy Mortgage, a fellow mortgage lender located in Albuquerque, New Mexico.
- Legacy Mortgage, founded in 2002, will become part of Guild's Southwest region. The acquiree has 13 branches across four states -- Arizona, Colorado, New Mexico and Texas, and offers various purchase and refinance loan options.
- “This acquisition is part of the company’s continued plan to grow both in existing markets and by entering new ones with selective acquisitions of like-minded lenders,” said Guild CEO Mary Ann McGarry.
- Terms of the deal were not disclosed.
- Towards the end of 2022, Guild Mortgage launched a loan program to boost home affordability.
For further details see:
Guild Mortgage acquires New Mexico-based lender in Southwest push