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Guild acquires small retail lender Legacy Mortgage

Housing Wire

Legacy, headquartered in Albuquerque, New Mexico, was founded in 2002 and purchased by its CEO Jack Thompson in 2006. The company has 39 active loan officers across its retail branches, according to Modex data. By joining Guild, Legacy loan officers can offer additional mortgage products and specialized loan programs.

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Homestar names Gurp Bhandal EVP of national production

Housing Wire

Prior to HOMESTAR, he served as the executive vice president of retail production at AmeriSave Mortgage Corporation and area lending manager roles at Citi. HOMESTAR’s mortgage products include conventional, FHA, USDA, VA, jumbo, reverse, 203K, refinance and its own cash advantage, RefiNow and NATURALiving Home Mortgage loan programs.

Retail 345
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The Similarities Between 2007 and Today

Appraisal Buzz

Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. Appraisers’ jobs are not to facilitate mortgage lending. We analyze and report.

Appraisal 418
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Exclusive: CrossCountry Mortgage CEO Ron Leonhardt talks AmCap acquisition, future targets

Housing Wire

In December, the National Multistate Licensing System (NMLS) showed that AmCap had more than 400 sponsored loan officers while CCM had over 4,000. billion in loans in 2023. AmCap, founded in 2002, is a much smaller lender. Terms of the acquisition, including financial information, were not disclosed.

Retail 351
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Data Collectors: Appraisers vs. Uber Drivers

Appraisal Today

In 2000 and 2002, Architectural Digest named him one of the top 100 architects in the United States. Remember what it was like during the crash after 2008, when there were very few loans, and appraisal volume severely declined? Mortgage lending is very, very cyclical. His homes are as unique as he was,” says Heinrich. “He