In a recent S-1 statement filed with the SEC, McCarthy Capital Mortgage Investors was cited as holding 100% of Guild’s Class-B common. Once the IPO is completed, McCarthy will have sway over 94.8% of the combined voting power of the common.
The Charlotte-based regional reported residential mortgage income of $221.0 million compared to $341.0 million in 2Q20. The reason: a large markdown on the value of its servicing portfolio.
While the supply of VA loans in Ginnie MBS continued to grow during the third quarter, the volume of securitized FHA forward mortgages fell 2.7% from the end of June.
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