Guild Delivers $37M Loss in Q1 Amid CEO transition

HousingWire, May 8, 2023–Flávia Furlan Nunes
In the first quarter, California-based lender Guild Mortgage, which announced a leadership transition in March, continued to face pressures from high mortgage rates and low inventory levels – just like its peers. Ultimately, the company’s revenues declined more than its expenses in the period, leading to another quarterly loss.