Guild Holdings Co Stock Price, News & Analysis

Guild Mortgage (NYSE: GHLD) has launched its Complete Rate program, aimed at providing a more inclusive path to homeownership for individuals without traditional credit scores. The program utilizes residual income analysis and rent payment history to assess creditworthiness. Borrowers may qualify for lower interest rates and fees based on consistent payment histories. Notably, 19% of U.S. adults lack a traditional credit score, with minorities disproportionately affected. Guild’s initiative aims to address these barriers, enhancing opportunities for first-time homebuyers.

Guild Holdings Company (NYSE: GHLD) announced the appointment of Gioia Messinger to its board of directors, effective July 1, 2022, expanding the board to seven members. Ms. Messinger brings over 30 years of executive experience and has a strong background in strategic advisory and digital transformation. Her previous roles include founder and CEO of Avaak, Inc. Patrick Duffy, chairman of the board, highlighted her proven track record in innovation and strategic planning. Ms. Messinger expressed enthusiasm to join Guild and contribute to its sustainable growth.

Guild Mortgage has launched CashPass, a new program designed to help homebuyers make competitive all-cash offers in the current housing market. Homebuyers using CashPass can write a cash offer without financing or appraisal contingencies, thus increasing their chances in bidding wars. This initiative aims to assist clients in overcoming the challenges posed by the ongoing seller's market, characterized by low inventory and high demand. Available in 11 states, the program targets homebuyers with credit scores of 680 and above, and can be paired with Guild's Bridge Loan and Lock and Shop options.

Guild Holdings Company (NYSE: GHLD) reported strong first-quarter 2022 results with total in-house origination of $6.1 billion and net revenue of $481.8 million, up 40% from the prior quarter. Net income surged to $208 million, a 393% increase from Q4 2021. The company announced a $20 million share repurchase program and achieved a return on equity of 81.2%. While servicing portfolio UPB grew to $73.3 billion, total expenses decreased by 28%, demonstrating cost management efficiency amid tighter market conditions.

Guild Holdings Company (NYSE: GHLD) will announce its Q1 financial results for the period ending March 31, 2022, on May 6, 2022, before market opening. A conference call is scheduled for 8:30 a.m. EDT the same day, with a webcast available on their investor relations website. Guild, established in 1960, operates a mortgage business focused on relationship-based loan sourcing in the U.S. and is licensed in 49 states plus D.C.

Guild Mortgage (NYSE: GHLD) has launched GreenSmart Advantage, a new program designed to assist homebuyers in managing utility costs by bundling the price of energy-efficient appliances into their home loans. This initiative, in collaboration with The Home Depot, aims to reduce future expenses related to utility bills, particularly for first-time homebuyers. Eligible homebuyers can finance up to 5% of their home's appraised value for these improvements, requiring a 3.5% down payment and a credit score over 580.

Guild Mortgage (NYSE: GHLD) has been awarded the Servicer Total Achievement and Rewards™ (STAR™) performer recognition for the 2021 year by Fannie Mae, marking its fifth consecutive honor. This year, Guild was recognized in the Solution Delivery category, highlighting its effective loss mitigation efforts amidst economic challenges during the pandemic. With a record $36.8 billion in origination volume in 2021, up 5% from 2020, and an 18% growth in its servicing portfolio, Guild demonstrates a strong commitment to customer service and homeownership support.

Guild Holdings Company (NYSE: GHLD) reported Q4 2021 net income of $42 million, a 46% decline year-over-year, and full-year net income of $284 million, down 23% from 2020. Total in-house originations reached $9 billion in Q4 and $37 billion for the full year, with a 5% uptick from 2020. The servicing portfolio's unpaid principal balance (UPB) grew 18% to $71 billion. The company declared a $1.00 special cash dividend per share. Although the company remains optimistic about its future, the decline in originations and net revenue raises concerns for investors.