During a recent earnings call, Guild CEO Terry Schmidt reported a notable uptick in demand for reverse mortgages within the past few months. This increase in interest has been a positive development for the company, signaling a growing market for reverse mortgage products. Schmidt highlighted the following key points from the call:
– Reverse mortgage demand has been steadily rising
– Guild has seen an increase in inquiries and applications for reverse mortgages
– The company attributes this trend to changing demographics and consumer preferences
– Schmidt expressed optimism about the future of the reverse mortgage market and Guild’s position within it
Overall, Schmidt’s comments suggest a promising outlook for Guild’s reverse mortgage business, as the company continues to capitalize on the growing demand for these financial products.
You can read this full article at: https://www.housingwire.com/articles/terry-schmidt-guild-mortgage-more-interest-in-reverse/(subscription required)
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