Guild Mortgage is going public – Let's look at the numbers - HousingWire

Guild Mortgage is going public – Let's look at the numbers - HousingWire.

Male,   Guild Mortgage is just the latest lender-servicer to announce an entrance to the public markets. That makes, what, six in the last few weeks? I’m going to need to create a spreadsheet to track all these companies. Anyway, here’s what caught my attention: Like Rocket Companies, they went from posting losses a year ago to posting fat gains this year. If shares trade at $18, Guild would raise $153 million at a valuation north of $1 billion. But check out this statement on their amended S-1: “All of the shares of Class A common stock being sold in this offering are being sold by the selling stockholders. Guild will not receive any of the proceeds from the sale of the shares in this offering.” Looks like these guys are the ones benefiting from this deal.     Assorted thoughts: *LoanSimple launched a wholesale operation this week. Given the growth of the broker channel and the flexibility it offers, I expect we’ll see more moves like this.    *Guaranteed Rate has hired about 2,500 workers just this year, and about 1,500 just in the last 90 days. Is there a lender out there that isn’t hiring?   *After plummeting 18% the week prior, the number of mortgages in active forbearance rose by 19,000 last week, according to a new report by Black Knight on Friday.   Have a great weekend, and I’ll see you Tuesday! James Kleimann HousingWire Mortgage Editor