Guild reports higher profits in Q3, plans to acquire purchase lenders 

Guild reports higher profits in Q3, plans to acquire purchase lenders 

California lender Guild Mortgage reported an increased profit in the third quarter despite high mortgage rates and limited home sales inventory.  The purchase-focused lender with a distributed retail model emphasized its growth... Read more »
loanDepot reports a M loss in Q3, expects lower volumes ahead

loanDepot reports a $26M loss in Q3, expects lower volumes ahead

loanDepot, the California-based lender targeting profitability next year, delivered its sixth consecutive quarterly loss in the third quarter of 2023, according to documents filed with the Securities and Exchange Commission (SEC) on Tuesday.  Total... Read more »
California Housing Market Navigates Challenges Amid High Interest Rates, Reports C.A.R.

California Housing Market Navigates Challenges Amid High Interest Rates, Reports C.A.R.

California Association of Realtors (C.A.R.) recently published a comprehensive report providing insights into the current state of the California housing market amidst persistently high mortgage rates. The data paints a nuanced picture... Read more »