Guild Mortgage Acquires First Centennial Mortgage, A Privately Held Residential Mortgage Lender Headquartered In Illinois; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Guild Mortgage has acquired First Centennial Mortgage, a privately held residential mortgage lender based in Illinois. The terms of the deal were not disclosed. First Centennial Mortgage was founded by Steven and David McCormick in 1995.
August 28, 2023 | 10:01 am
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Guild Mortgage's acquisition of First Centennial Mortgage could potentially expand its market presence, especially in Illinois.
The acquisition of First Centennial Mortgage by Guild Mortgage could potentially expand its market presence and customer base, especially in the Illinois region. This could lead to increased revenues and profitability in the future, which could positively impact the stock price of GHLD in the short term.
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