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The holiday season is here, and despite higher mortgage rates last week, housing demand is displaying some festive resilience. Typically, we expect a decrease in activity with elevated rates, but a seasonal boost is helping the purchase application data over the last month. Additionally, our pending contracts are still reflecting double-digit year-over-year growth.
In this weeks episode of the Power House podcast , HousingWire President Diego Sanchez sits down with Terry Schmidt , CEO of San Diego-based Guild Mortgage , to discuss the companys recent acquisitions, reverse mortgages and the use of artificial intelligence for mortgage originators. This interview has been edited for length and clarity.To start the conversation, the duo dive into the details of Guilds acquisition of retail mortgage rival Academy Mortgage in February 2024.
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Erinn and Peter Nobel leave ROA; William Raveis acquires Nantucket indie; ERA gains WA affiliate; BHGRE bestows Sherry Chris Award to Omaha firm + more news.
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