12/18/21 - Weekend Listening from Intercontinental Exchange
our guests this week: Guild Mortgage CEO Mary Ann McGarry and President Terry Schmidt
I landed back in the U.S. last night after a week in London.
The City at Christmastime is usually in its glory. This December, with Covid surging, Premier League matches were cancelled. Pubs were shuttered. Tube journeys were down 20 percent. It seems we got out of Dodge just in time.
New York felt similarly quiet upon arrival, a far cry from the buzz in and around the New York Stock Exchange all week. Bell ringers celebrated listings across a spectrum of industries, from Vertical Aerospace (NYSE: EVTL), a pioneer in electrified aviation, to Bowlero (NYSE: BOWL), the largest ten-pin bowling lane operator in the world, with over 300 locations.
There was more. On Tuesday, happily, the NYC Landmarks Preservation Commission granted Fearless Girl another three year lease on her stoic spot on Broad Street staring down our NYSE columns. And on Thursday, two other fearless women, Julianne Hough (star of “Dancing with the Stars”) and Nina Dobrev (star of “The Vampire Diaries), with a combined social media audience of 30 million, debuted Fresh Vine Wine (NYSE Arca: VINE) on Wall Street.
While Julianne and Nina are new to leading a public company, Mary Ann McGarry and Terry Schmidt, the CEO and President, respectively, of Guild Mortgage (NYSE: GHLD) have been fearlessly helping to grow their independent mortgage lender for a combined 73 years. Mary Anne started with the firm, a longtime customer of a customer of ICE Mortgage Technology, in 1984. Terry followed in 1985.
Guild’s specialty is helping new home buyers secure their first mortgage. We’re in a ripe market for millennials, as the Wall Street Journal reported this week. A generation once expected to spurn homeownership accounted for more than half of all home-purchase loan applications last year. In this week’s episode, we sat down with Mary Anne and Terry to talk about the trends.
The view from San Diego:
Guild Mortgage CEO Mary Ann McGarry & President Terry Schmidt Bring Customers Home Even as the process of buying a home becomes more digital and technology driven, the act remains a deeply personal one. CEO Mary Ann McGarry and President Terry Schmidt are leading Guild Mortgage Company (NYSE: GHLD) through a period of unprecedented modernization and growth. They’ve remained laser-focused on helping everyone secure the financing to get the home of their dreams. Mary Ann and Terry discuss Guild’s growth, the state of real estate, and keeping people first.
If you’re on a smart phone, all of our Inside the ICE House podcast episodes are available wherever you get your podcasts, including the Apple Podcast App, Spotify, and Stitcher, and other audio platforms. Feel free to reach out to me with any feedback about our show, or suggest any guests for future episodes.