Bayview Asset Management, a global investment management firm with approximately $36.1 billion in assets under management, announced that its Bayview MSR Opportunity (U.S.) Master Fund LP, has completed its $1.3 billion all-cash acquisition of Guild Holdings Company (NYSE: GHLC), the parent company of Guild Mortgage Company.
The acquisition was announced on June 18. Guild will operate as a privately held independent entity of the MSR Fund, which also owns Lakeview Loan Servicing LLC, a mortgage servicer. Shares of Guild’s publicly traded common stock have ceased trading and were delisted from the NYSE in connection with the completion of the acquisition.
“Joining Bayview’s platform strengthens Guild’s commitment to grow our national brand, and it creates one of the strongest and most compelling mortgage origination and servicing ecosystems in the nation,” said Terry Schmidt, CEO of Guild. “The Guild leadership team is excited to bring our expertise in distributed retail origination, retained servicing, and the customer-for-life business model to the MSR Fund. This relationship will further enhance our mission to deliver the promise of homeownership in communities across the country while fueling innovation and long-term growth.”
Congrats!!