Guaranteed Rate completed the acquisition of Stearns Holdings from Blackstone.

Guaranteed Rate, one of America's largest retail mortgage lenders, completed the acquisition of Stearns Holdings, an American wholesale, retail and correspondent lender, from The Blackstone Group. Financial terms were not disclosed. "We're excited about bringing Stearns Holdings into the Guaranteed Rate family. Pairing the incredible talent throughout Stearns' organization with that of our existing team exemplifies the best of the best in the mortgage business, yielding an even more powerful platform," Victor Ciardelli, Guaranteed Rate President and CEO.