Guild Holdings Company Acquires Residential Mortgage Services Holdings (RMS)

Guild Holdings Company (Guild) entered into a definitive agreement to acquire Residential Mortgage Services Holdings, Inc. (RMS), a fast-growing retail mortgage originator focused in the Northeast. The deal (estimated initial purchase price of $196.7 million based on March 31, 2021 tangible book value, plus a three-year earnout) is expected to be accretive to 2021 EPS and to close in Q3 2021, subject to customary approvals.