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Cornerstone Mortgage Services

Cornerstone Mortgage Company Completely dedicated to client satisfaction, Cornerstone Mortgage Company provides quality mortgage services. We're committed ...

Guild Mortgage Acquiring Cornerstone Mortgage, St. Louis-Based ...

Mary Ann McGarry, president and CEO of Guild, said the acquisition of Cornerstone fits with Guild’s strategic plan to grow in existing markets and also acquire firms with a strong presence in new markets and proven histories of exemplary customer service and entrepreneurial cultures.

"Cornerstone is an exceptional company and a close culture match to Guild with its strong values and experienced loan professionals averaging more than 15 years in the business,” said McGarry. “It has been the fastest growing mortgage banker in Missouri for six straight years and ranked as a Top 25 place to work in local surveys during the same period. We have been admiring their organization for several years and are pleased to enter 2018 with such a strong new presence in the Midwest.”

Cornerstone was founded in 1996 by Angi Stevenson, current president and CEO, and the late Jim Dean. Stevenson has more than 30 years of senior management and operational experience in mortgage lending. Under her leadership, Cornerstone has risen to become the 10th largest woman-owned company in St. Louis as rated by the St. Louis Business Journal and No. 2 in mortgage lending volume for the past three years. She will join Guild as regional vice president of its newly established Midwest Region.

Mizuho Reiterates Hold Rating for Total System Services

The firm has a market cap of $15,140.00, a P/E ratio of 36.44, a PEG ratio of 1.79 and a beta of 1.10. It primarily acquires and manages mortgage-related assets, including residential mortgage-backed securities backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the USA government agency or the US government-sponsored entity; residential mortgage loans; commercial mortgage-backed securities; commercial mortgage loans and other commercial real estate debt; mortgage servicing rights; and real property and mortgage-related derivatives. It has a 29.87 P/E ratio. The firm also invests in corporate debt and equity securities, including distressed debt, collateralized loan obligations, and non-mortgage-related derivatives; and other financial assets, including private debt and equity investments in mortgage-related entities.

In other news, EVP Patricia A. Watson sold 23,608 shares of the firm's stock in a transaction on Thursday, November 16th. The Amp Capital Investors Ltd holds 177,286 shares with $3.14M value, up from 48,286 last quarter.

citi to allow jobless to pay less on you guys think this is a good or bad idea?

citi to allow jobless to pay less on you guys think this is a good or bad idea? taking a poll for my management class wanted to know what or how you guys feel.

yes... by working WITH homeowners, Citi will get paid back (a little slower but stilll getting paid back). It's better than having the home go into foreclosure, the family being out of a home AND the bank with a new, unsellable property on thier tab.