Welcome to our dedicated page for Guild Holdings news (Ticker: GHLD), a resource for investors and traders seeking the latest updates and insights on Guild Holdings stock.
Guild Holdings Company was a publicly traded mortgage company whose news centered on residential mortgage origination, loan servicing, financial results, and capital actions. Through Guild Mortgage Company, the business provided residential mortgage products with local in-house origination and servicing, including FHA, VA, USDA, down payment assistance, and other specialized loan programs across 49 states and the District of Columbia.
Company updates also covered governance and ownership developments, material agreements, and the completed all-cash acquisition by a fund managed by Bayview Asset Management. In connection with that transaction, GHLD common stock ceased trading and was delisted from the New York Stock Exchange, and Guild continued as a privately held independent entity within the acquiring fund's platform.
Guild Holdings Company (NYSE: GHLD) has scheduled its fourth quarter and full year 2024 earnings release for Thursday, March 6, 2025, after market close. The company will host a webcast and conference call at 5:00 p.m. Eastern Time on the same day to discuss the financial results.
Investors can access the live webcast through Guild Holdings' Investor Relations website. The conference call will be available via dial-in numbers: 1-877-407-0789 (Domestic) and 1-201-689-8562 (International). A replay will be accessible through March 20, 2025, using dial-in numbers 1-844-512-2921 (Domestic) or 1-412-317-6671 (International) with pin number 13750801.
Guild Mortgage has achieved a significant milestone by becoming the lender with the most five-star reviews and total reviews on Zillow. The company maintains a remarkable 4.93/5 rating from over 250,000 reviews on Experience.com. Guild's success is attributed to its customer-centric approach and strategic expansion through acquisitions.
The company has received recognition from multiple organizations, including Bankrate, Business Insider, Forbes, and NerdWallet. A key strategic advantage is Guild's in-house Servicing Department, which supports their 'Customer-for-Life' strategy by maintaining relationships with homeowners after closing.
The recent acquisition of Academy Mortgage in early 2024 has increased Guild's volume by 20%, adding 1,000 employees and approximately 200 branches. This follows previous acquisitions of Cherry Creek Mortgage, First Centennial Mortgage, Legacy Mortgage, Inlanta Mortgage, and RMS.
Guild Holdings Company (NYSE: GHLD) reported third quarter 2024 results with total originations of $6.9 billion, up 6% from previous quarter and 59% year-over-year. Net revenue was $159.3 million, with a net loss of $66.9 million. The company achieved a gain on sale margin of 333 bps, with 88% of loan volume from purchase originations. The servicing portfolio reached $91.5 billion, up 3% quarter-over-quarter. Despite origination segment showing profits, significant MSR valuation losses of $145.8 million due to interest rate declines impacted overall results. Adjusted net income was $31.7 million with adjusted return on equity of 10.6%.
Guild Holdings Company (NYSE: GHLD) has announced it will release its third quarter 2024 financial results on November 6, 2024, after market close. The company will host a webcast and conference call at 5:00 p.m. Eastern Time on the same day to discuss the quarterly results. The webcast will be accessible through Guild Holdings' Investor Relations website, with dial-in options available for domestic (1-877-407-0789) and international (1-201-689-8562) callers. A replay will be available through November 20, 2024.
Guild Holdings Company (NYSE: GHLD) reported its Q2 2024 results. Highlights include originations of $6.5 billion, a net revenue of $285.7 million, and a net income attributable to Guild of $37.6 million. The adjusted net income stood at $30.7 million, with a return on equity (ROE) of 12.3% and an adjusted ROE of 10.1%. Guild achieved a gain on sale margin on originations of 326 bps, and 92% of originations were from purchase business. The company also paid a special dividend of $0.50 per share.
Year-to-date, Guild recorded originations of $10.4 billion, net revenue of $517.5 million, and a net income of $66.1 million. The servicing portfolio's unpaid principal balance rose 9% to $89.1 billion from June 2023. The adjusted net income for the YTD period was $38.8 million, and adjusted EBITDA was $57.5 million. The company highlighted its ability to gain market share, driven by investments in technology and people, and its focus on acquisition and integration strategies.
Guild Mortgage (NYSE: GHLD) has expanded its Guild Gateway to Homeownership Assistance program, granting over $3.7 million to assist 683 homebuyers with closing costs. The program now covers five Metropolitan Statistical Areas across the U.S., offering up to $5,000 in lender credit. Guild has also introduced new initiatives, including:
1. FNMA HomeReady First: Provides $6,500 in total credits for first-time homebuyers.
2. Freddie Mac BorrowSmart Access: Offers $3,000 in down payment assistance in 10 metro areas.
These programs aim to support underserved communities and first-time homebuyers by addressing major obstacles to homeownership, such as down payments and closing costs.
Guild Holdings Company (NYSE: GHLD), a growth-oriented mortgage company, has announced its second quarter 2024 earnings webcast and conference call details. The company will release its results for the quarter ended June 30, 2024 after market close on Thursday, August 8, 2024. Management will host a webcast and conference call at 5:00 p.m. Eastern Time on the same day to discuss the financial results.
Investors can access the live webcast on Guild Holdings' Investor Relations website. The conference call can be joined using the following dial-in numbers: 1-877-407-0789 (Domestic) and 1-201-689-8562 (International). A replay of the call will be available on the company's website until August 22, 2024, accessible via phone using the numbers 1-844-512-2921 (Domestic) or 1-412-317-6671 (International) with the pin number 13746929.
Guild Mortgage has launched GuildGPT, a custom AI system designed to streamline tasks and improve efficiency for its employees. This in-house developed tool allows instant access to Guild's knowledge database, helping loan officers quickly find information on company products, guidelines, and answer product-related questions. Since its June launch, GuildGPT has:
- Been used by nearly 2,000 employees
- Answered over 20,000 questions
- Received positive feedback, with employees calling it 'vital' to improving business operations
The AI assistant aims to save time for loan officers, enabling them to better serve partners and customers. Guild Mortgage plans to continue developing GuildGPT and other tools to enhance functionality and streamline processes.
Guild Mortgage, a leading national independent mortgage lender, recently completed an Expedition to Verde Sumaco, Ecuador to help villagers create a cistern system for clean, drinkable water. A team of 29 Guild members, including President and COO David Neylan, spent four days in the Amazon jungle working on this project.
The expedition is part of a program inherited from Academy Mortgage, which joined Guild earlier this year. The main service project involved transporting thousands of pounds of sand and cement uphill to the cistern site. Guild plans additional expeditions in September and in the first half of 2025, open to all employees and a family member guest.
Guild Holdings Company (NYSE: GHLD) reported strong first quarter 2024 results with originations of $3.9 billion, net revenue of $231.8 million, and net income of $28.5 million. The company acquired Academy Mortgage , declared a special dividend of $0.50 per share, and remains focused on delivering the promise of homeownership through growth, market share gains, and technology innovation.