Guaranteed Rate to Acquire Stearns Lending

HousingWire, Jan. 5, 2021–James Kleimann
Chicago-based lender Guaranteed Rate is acquiring wholesale lender Stearns Lending for an undisclosed sum, multiple sources said. Employees at Stearns, primarily a wholesale lender that is owned by financial giant Blackstone Group, were told in an all-hands call on Tuesday afternoon.