Guild, a major player in the mortgage industry, reported a significant net loss of $39.1 million in the previous year. Despite this financial setback, the company emphasized its success in increasing market share through a strategic emphasis on purchase mortgage originations. This focus on purchase mortgages has evidently paid off in terms of bolstering Guild’s position in the competitive mortgage lending landscape.
Key points from the text:
– Guild experienced a net loss of $39.1 million in 2023
– The company’s market share growth was highlighted
– The growth was attributed to a focus on purchase mortgage originations
– Guild’s success in increasing market share despite financial challenges
You can read this full article at: https://www.housingwire.com/articles/guild-reports-loss-in-2023-but-market-share-growth-was-a-silver-lining/(subscription required)
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