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Guaranty Federal Sells Residential Servicing Portfolio.(Guaranty Financial Corp.)(Brief Article)
Guaranty Financial Corp., which operates primarily through subsidiary Guaranty Bank, has joined the list of small lenders that have sold their mortgage servicing portfolios.
In its third-quarter earnings report, Guaranty Bank said it has consummated the sale of its mortgage servicing portfolio and a retail branch office in suburban Richmond, Va. The sale of the mortgage servicing portfolio eliminated an asset of approximately $876,000 from the company's balance sheet. The servicing portfolio had a cumulative balance of roughly $83 million.
The company said it will continue to sell the residential, fixed-rate mortgage loans it originates on a servicing-released basis.
...- Guaranty Financial Corporation Reports Net Income of $39,000 For the Quarter...
- Press release article from: PR Newswire October 25, 2001 700+ words
...25 /PRNewswire/ -- Guaranty Financial Corporation (Nasdaq...sale of the mortgage loan servicing portfolio. A higher volume of loan...sale of its mortgage loan servicing portfolio and its retail branch...sale of the mortgage loan servicing portfolio eliminated the ...
- Guaranty Financial Corporation Reports Record Earnings of $265,855, or $.18 per...
- Press release article from: PR Newswire October 22, 1997 700+ words
...PRNewswire/ -- Guaranty Financial Corporation...managing this servicing portfolio, which was located...of the Bank's servicing portfolio is secured by...October 15, 1997. Guaranty Financial Corporation is...
- Guaranty Financial Corporation Reports Earnings
- Press release article from: PR Newswire July 24, 1997 700+ words
...PRNewswire/ -- Guaranty Financial Corporation...managing this servicing portfolio, which was located...of the Bank's servicing portfolio is secured by...calendar year. Guaranty Financial Corporation is...
- Guaranty Financial Corporation Announces Earnings of $643,250 For the Year...
- Press release article from: PR Newswire September 5, 1996 700+ words
...Va., Sept. 5 /PRNewswire/ -- Guaranty Financial Corporation (Nasdaq: GSLC), the...East side of Albemarle County." Guaranty Financial Corporation is a unitary holding...equity capital of $6.3 million. Guaranty Financial Corporation Period Ending June 30...
- Guaranty Financial Corporation Announces an Increase in Operating Income Of 24%...
- Press release article from: PR Newswire October 25, 1996 700+ words
...Va., Oct. 25 /PRNewswire/ -- Guaranty Financial Corporation (Nasdaq: GSLC), the...and new headquarters building." Guaranty Financial Corporation is a unitary holding...equity capital of $6.3 million. Guaranty Financial Corporation Period Ending September...
- Guaranty Financial Corporation Reports a 26% Increase in Earnings For the...
- Press release article from: PR Newswire February 5, 1997 700+ words
...Va., Feb. 5 /PRNewswire/ -- Guaranty Financial Corporation (Nasdaq: GSLC), the...recent growth in our franchise." Guaranty Financial Corporation is a unitary holding...equity capital of $6.6 million. Guaranty Financial Corporation Period Ending December...
- Guaranty Financial Corporation Reports Earnings Of $249,000 ($.17 Per Share)...
- Press release article from: PR Newswire April 17, 1998 700+ words
...Va., April 17 /PRNewswire/ -- Guaranty Financial Corporation (Nasdaq: GSLC), a...during the first quarter of 1997. Guaranty Financial Corporation is the holding company...was $7.92 at March 31, 1998. Guaranty Financial Corporation Financial Highlights...
- Guaranty Financial Corporation Reports a 16% Increase in Operating Income For...
- Press release article from: PR Newswire April 24, 1997 700+ words
...Va., April 24 /PRNewswire/ -- Guaranty Financial Corporation (Nasdaq: GSLC), the...in the growing valley market." Guaranty Financial Corporation is a unitary bank holding...equity capital of $10.8 million. Guaranty Financial Corporation Period Ending March 31...
Source: HighBeam Research, Guaranty Federal Sells Residential Servicing Portfolio.(Guaranty...