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Business Wire
5 hours ago
- Business
- Business Wire
Guild Holdings Company Announces Second Quarter 2025 Earnings Details
SAN DIEGO--(BUSINESS WIRE)--Guild Holdings Company (NYSE: GHLD), a growth-oriented mortgage company that employs a relationship-based loan sourcing strategy to execute on its mission of delivering the promise of homeownership, today announced that it will release results for the second quarter ended June 30, 2025 after the market close on Thursday, August 7, 2025. Due to the pending transaction to be acquired by a fund managed by Bayview Asset Management, LLC, the Company will not host a conference call in conjunction with this quarterly press release. For more information on the transaction visit About Guild Holdings Company Guild Mortgage Company, a wholly owned subsidiary of Guild Holdings Company (NYSE: GHLD), was founded in 1960 and is a nationally recognized independent mortgage lender providing residential mortgage products and local in-house origination and servicing. Guild employs a relationship-based loan sourcing strategy to execute on its mission of delivering the promise of homeownership in neighborhoods and communities across 49 states and the District of Columbia. Guild's highly trained loan professionals are experienced in government-sponsored programs such as FHA, VA, USDA, down payment assistance programs and other specialized loan programs. For more information visit Forward-Looking Statements This press release of Guild Holdings Company (the 'Company') contains forward-looking statements that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as 'may,' 'should,' 'could,' 'predict,' 'potential,' 'believe,' 'will likely result,' 'expect,' 'continue,' 'will,' 'anticipate,' 'seek,' 'estimate,' 'intend,' 'plan,' 'projection,' 'would' and 'outlook,' or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. Forward-looking statements are based on the Company's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Important factors that could cause the Company's actual results to differ materially from those expressed in or implied by forward-looking statements include, but are not limited to, the following: the expected timing and likelihood of completion of the pending merger transaction; the timing, receipt and terms and conditions of any required governmental approvals of the pending transaction that may impose materially burdensome or adverse regulatory conditions, delay the transaction or cause the parties to abandon the transaction; potential legal proceedings that may be instituted against the Company following announcement of the transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the risk that the parties may not be able to satisfy the conditions to the pending transaction in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the proposed transaction; the risk that any announcements relating to the pending transaction could have adverse effects on the market price of the Company's common stock; and the risk that the proposed transaction and its announcement could have an adverse effect on the ability of the Company to retain and hire key personnel and maintain relationships with its customers, agents or business counterparties, and on its operating results and businesses generally; significant changes to the size, structure, powers, and operations of the federal government and uncertainties regarding the potential for future changes, could cause disruptions to the regulatory environment in which we operate and could adversely impact our business and results of operations; changes in economic conditions, including as a result of macroeconomic policy changes by the U.S. government, may adversely impact our business, financial condition and results of operations; any disruptions in the secondary home loan market and their effects on our ability to sell the loans that we originate at attractive pricing; any changes in macroeconomic and U.S. residential real estate market conditions; any changes in certain U.S. government-sponsored entities and government agencies, and any organizational or pricing changes in these entities, their guidelines or their current roles; any changes in prevailing interest rates or U.S. monetary policies; the effects of any termination of our servicing rights; we depend on our loan funding facilities to fund mortgage loans and otherwise operate our business; the effects of our existing and future indebtedness on our liquidity and our ability to operate our business; any disruption in the technology that supports our origination and servicing platform; our failure to identify, develop and integrate acquisitions of other companies or technologies; pressure from existing and new competitors; any failure to maintain or grow our historical referral relationships with our referral partners; any delays in recovering service advances; any failure to adapt to and implement technological changes; any cybersecurity breaches or other vulnerability involving our computer systems or those of certain of our third-party service providers; our inability to secure additional capital, if needed, to operate and grow our business; the impact of operational risks, including employee or consumer fraud, the obligation to repurchase sold loans in the event of a documentation error, and data processing system failures and errors; any repurchase or indemnification obligations caused by the failure of the loans that we originate to meet certain criteria or characteristics; the seasonality of the mortgage origination industry; any non-compliance with or substantial changes to the complex laws and regulations governing our mortgage loan origination and servicing activities; material changes to the laws, regulations or practices applicable to reverse mortgage programs; our control by, and any conflicts of interest with, McCarthy Capital Mortgage Investors, LLC; our dependence, as a holding company, upon distributions from Guild Mortgage Company LLC to meet our obligations; ability to attract, retain and hire key personnel and maintain relationships with others with whom Guild does business; and the other risks set forth under Item IA. Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, as well as other filings the Company may make from time to time with the Securities and Exchange Commission. You should not place undue reliance on any such forward-looking statements. Unless indicated otherwise, the terms 'Guild,' and 'Company' each refer collectively to the Company and its subsidiaries. Any forward-looking statement speaks only as of the date on which it is made, and, except as otherwise required by law, the Company undertakes no obligation to update any forward-looking statement made in this press release. ADDITIONAL INFORMATION AND WHERE TO FIND IT This press release is being made in respect of the pending merger transaction involving Guild. Guild will prepare an information statement for its stockholders containing the information with respect to the transaction specified in Schedule 14C promulgated under the Exchange Act and describing the pending transaction. When completed, a definitive information statement will be mailed to Guild's stockholders. INVESTORS ARE URGED TO CAREFULLY READ THE INFORMATION STATEMENT REGARDING THE PENDING TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PENDING TRANSACTION. These documents will be available at no charge on the SEC's website at In addition, documents will also be available for free on Guild's website at
Globe and Mail
15 hours ago
- Business
- Globe and Mail
ICE First Look at Mortgage Performance: Delinquencies Trend Slightly Higher in June as Foreclosure Activity Continues to Rise off Pandemic-Era Lows
ICE Mortgage Technology, neutral provider of a robust end-to-end mortgage platform and part of Intercontinental Exchange, Inc. (NYSE: ICE), today released its June 2025 ICE First Look, which shows that while overall mortgage payment performance remains strong, delinquencies rose on a monthly basis while foreclosures trended notably higher year over year (YoY). Key takeaways from the ICE First Look, which reports on month-end delinquency, foreclosure and prepayment statistics sourced from ICE's loan-level database, include: The national delinquency rate rose by 15 basis points (bps) from May to 3.35% driven by early-stage delinquencies. FHA delinquencies, which tend to experience more seasonality, rose by 41 bps in the month, hitting their highest June level since 2013, excluding the 2020-2021 pandemic-era impact. Serious delinquencies (SDQs) – loans 90+ days past due but not in foreclosure – held steady but are up +8% (35K) YoY, with FHA loans now accounting for +51% of all SDQs nationwide. Foreclosure activity continues to rise off pandemic-era lows with the share of loans in active foreclosure up +10% from the same time last year. Foreclosure starts and sales both rose YoY in each of the past four months. Prepayment activity, measured in single month mortality, slipped by 6 bps to 0.65% on higher rates, although it remains up +22% from the same time last year. Data as of June 30, 2025 Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.35% Month-over-month change: 4.74% Year-over-year change: -3.80% Total U.S. foreclosure pre-sale inventory rate: 0.38% Month-over-month change: 0.20% Year-over-year change: 9.90% Total U.S. foreclosure starts: 31,000 Month-over-month change 9.68% Year-over-year change: 36.50% Monthly prepayment rate (SMM): 0.65% Month-over-month change: -8.74% Year-over-year change: 21.91% Foreclosure sales: 6,300 Month-over-month change: -9.70% Year-over-year change: 18.17% Number of properties that are 30 or more days past due, but not in foreclosure: 1,834,000 Month-over-month change: 90,000 Year-over-year change: -39,000 Number of properties that are 90 or more days past due, but not in foreclosure: 466,000 Month-over-month change: 0 Year-over-year change: 35,000 Number of properties in foreclosure pre-sale inventory: 208,000 Month-over-month change: 1,000 Year-over-year change: 22,000 Number of properties that are 30 or more days past due or in foreclosure: 2,042,000 Month-over-month change: 91,000 Year-over-year change: -17,000 Top 5 States by Non-Current* Percentage Louisiana: 7.78% Mississippi: 7.63% Alabama: 5.73% Indiana: 5.25% Arkansas: 5.23% Bottom 5 States by Non-Current* Percentage California: 2.23% Montana: 2.20% Colorado: 2.14% Idaho: 2.01% Washington: 2.00% Top 5 States by 90+ Days Delinquent Percentage Mississippi: 1.93% Louisiana: 1.87% Alabama: 1.45% Arkansas: 1.33% Georgia: 1.31% Top 5 States by 12-Month Change in Non-Current* Percentage Maine: -3.31% New York: -3.67% Rhode Island: -3.35% Nebraska: -3.33% Hawaii: -2.31% Bottom 5 States by 12-Month Change in Non-Current* Percentage Florida: 4.21% Georgia: 5.05% Montana: 2.20% Arizona: 3.05% Utah: 2.96% *Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. Notes: 1) Totals are extrapolated based on ICE's loan-level database of mortgage assets. 2) All whole numbers are rounded to the nearest thousand, except foreclosure starts and sales, which are rounded to the nearest hundred. The company will provide a more in-depth review of this data in its monthly Mortgage Monitor report, which includes an analysis of data supplemented by detailed charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available online at by August 11, 2025. For more information about gaining access to ICE's loan-level database, please send an email to ICE-MortgageMonitor@ About the ICE First Look ICE maintains the nation's leading repository of loan-level residential mortgage data and performance information – which covers the majority of the U.S. market – including tens of millions of loans across the spectrum of credit products and more than 230 million historical records. In addition, the company maintains a robust public property records database that covers 99.9% of the U.S. population and households from more than 3,100 counties. ICE's research experts carefully analyze this data to produce the First Look, a monthly summary of month-end delinquency, foreclosure and prepayment statistics. About Intercontinental Exchange Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading 'Key Information Documents (KIDS).' Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025.
Business Wire
15 hours ago
- Business
- Business Wire
ICE First Look at Mortgage Performance: Delinquencies Trend Slightly Higher in June as Foreclosure Activity Continues to Rise off Pandemic-Era Lows
ATLANTA & NEW YORK--(BUSINESS WIRE)--ICE Mortgage Technology, neutral provider of a robust end-to-end mortgage platform and part of Intercontinental Exchange, Inc. (NYSE: ICE), today released its June 2025 ICE First Look, which shows that while overall mortgage payment performance remains strong, delinquencies rose on a monthly basis while foreclosures trended notably higher year over year (YoY). Key takeaways from the ICE First Look, which reports on month-end delinquency, foreclosure and prepayment statistics sourced from ICE's loan-level database, include: The national delinquency rate rose by 15 basis points (bps) from May to 3.35% driven by early-stage delinquencies. FHA delinquencies, which tend to experience more seasonality, rose by 41 bps in the month, hitting their highest June level since 2013, excluding the 2020-2021 pandemic-era impact. Serious delinquencies (SDQs) – loans 90+ days past due but not in foreclosure – held steady but are up +8% (35K) YoY, with FHA loans now accounting for +51% of all SDQs nationwide. Foreclosure activity continues to rise off pandemic-era lows with the share of loans in active foreclosure up +10% from the same time last year. Foreclosure starts and sales both rose YoY in each of the past four months. Prepayment activity, measured in single month mortality, slipped by 6 bps to 0.65% on higher rates, although it remains up +22% from the same time last year. Data as of June 30, 2025 Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.35% Month-over-month change: 4.74% Year-over-year change: -3.80% Total U.S. foreclosure pre-sale inventory rate: 0.38% Month-over-month change: 0.20% Year-over-year change: 9.90% Total U.S. foreclosure starts: 31,000 Month-over-month change 9.68% Year-over-year change: 36.50% Monthly prepayment rate (SMM): 0.65% Month-over-month change: -8.74% Year-over-year change: 21.91% Foreclosure sales: 6,300 Month-over-month change: -9.70% Year-over-year change: 18.17% Number of properties that are 30 or more days past due, but not in foreclosure: 1,834,000 Month-over-month change: 90,000 Year-over-year change: -39,000 Number of properties that are 90 or more days past due, but not in foreclosure: 466,000 Month-over-month change: 0 Year-over-year change: 35,000 Number of properties in foreclosure pre-sale inventory: 208,000 Month-over-month change: 1,000 Year-over-year change: 22,000 Number of properties that are 30 or more days past due or in foreclosure: 2,042,000 Month-over-month change: 91,000 Year-over-year change: -17,000 *Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. Notes: 1) Totals are extrapolated based on ICE's loan-level database of mortgage assets. 2) All whole numbers are rounded to the nearest thousand, except foreclosure starts and sales, which are rounded to the nearest hundred. Expand The company will provide a more in-depth review of this data in its monthly Mortgage Monitor report, which includes an analysis of data supplemented by detailed charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available online at by August 11, 2025. For more information about gaining access to ICE's loan-level database, please send an email to ICE-MortgageMonitor@ About the ICE First Look ICE maintains the nation's leading repository of loan-level residential mortgage data and performance information – which covers the majority of the U.S. market – including tens of millions of loans across the spectrum of credit products and more than 230 million historical records. In addition, the company maintains a robust public property records database that covers 99.9% of the U.S. population and households from more than 3,100 counties. ICE's research experts carefully analyze this data to produce the First Look, a monthly summary of month-end delinquency, foreclosure and prepayment statistics. About Intercontinental Exchange Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading 'Key Information Documents (KIDS).' Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025. Category: Mortgage Technology
Newsweek
6 days ago
- Business
- Newsweek
Map Shows Where Homeowners Are Behind on Mortgage Payments
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. With rising property taxes and surging home insurance premiums, homeowners are struggling to keep hold of their properties, as shown by a recent increase in serious mortgage delinquencies across the United States. Serious mortgage delinquency rates started climbing across the country in mid-2024, reversing a trend of steady declines established in the previous three years, according to a new report by Cotality. Almost all states saw a slight uptick—but in some, including Louisiana, Florida, and Georgia, delinquency rates skyrocketed over the past year. What Is a Serious Delinquency? A serious delinquency happens when a mortgage loan is 90 days or more past due. At that point, a bank considers the mortgage in danger of default and can take possession of the property to recoup losses. While banks would usually try to work out a solution with borrowers, homeowners stand to lose their home if they fall so much behind on payments. Where Did Serious Delinquency Rates Rise the Most Over the Past Year? The biggest year-over-year increase in serious delinquencies in the nation was reported in Louisiana, where rates went up by an overall 1.87 percent for all loans. More specifically, conventional loans saw an uptick in serious delinquencies of 1.25 percent; FHA loans of 3.96 percent; and VA loans of 5.44 percent. It was followed by Florida, with a 1.43 percent year-over-year increase for all loans; Oklahoma, with 1.24 percent; Georgia, with 1.12 percent; Texas, with 1.11 percent; Indiana, with 1.09 percent; South Carolina, with 1.05 percent; North Carolina, with 0.83 percent; Nebraska, with 0.81 percent; and Colorado, with 0.55 percent. Why Are Serious Delinquency Rates Going Up? Even homeowners who are dealing with relatively cheaper monthly payments are struggling with the higher cost of homeownership, due in part to the explosion in property values linked to the COVID-19 pandemic homebuying frenzy and in part to the increased frequency of particularly devastating extreme weather events. Colorado, Georgia and Florida, which experienced the three highest year-over-year increases in serious delinquency rates between 2024 and 2025, also reported the highest jumps in property taxes between 2019 and 2024, according to Cotality data. In Colorado, property taxes surged by 52.9 percent in those five years; in Georgia, by 51.5 percent; in Florida, by 47.5 percent. In Texas and California, property taxes also increased by over 30 percent within the same time frame. These same states—which are particularly vulnerable to an array of natural disasters ranging from hurricanes to wildfires and flooding—have faced steep increases in homeowner insurance rates over the past five years. Not only do insurers want to charge more to keep up with higher catastrophe exposures, but homeowners in these states have also faced shrinking availability due to carriers withdrawing from the most at-risk areas. In South Carolina, a total of 14 insurers ran out of funds between 2020 and 2023, leaving homeowners scrambling for options in the private market. The highest overall delinquency rate, however, was reported in Mississippi, a state which also has the lowest median household income and is among the top 15 states at risk of storm surge damage from hurricanes, according to Cotality data.
Time Business News
7 days ago
- Business
- Time Business News
What to Ask Reverse Mortgage Brokers Before Committing
Reverse mortgages are valuable tools that support senior homeowners' financial security and independence. While they offer financial flexibility, their intricacies can be easily misunderstood. This loan allows you to utilize your home equity without selling the property. Still, it also has terms, responsibilities, and long-term implications that can affect your future and your family's inheritance. Therefore, asking the right questions before signing any contract is paramount. The goal isn't simply to get answers; it's to understand what you'll agree to, ensure the broker is acting in your best interest, and make sound financial decisions. To simplify things for you, here's a breakdown of things to clarify and why they matter: Before getting into the loan's intricacies, you must confirm that you're working with a reputable, experienced loan officer. They must be honest and accountable, as they are your point of contact throughout the process. To verify their legitimacy, ask whether they're certified by the Federal Housing Administration (FHA) or the U.S. Department of Housing and Urban Development (HUD). Suppose you want to apply for a home equity conversion mortgage (HECM). It's a federally insured and regulated loan, and working with a HUD-approved lender is essential to ensure compliance with federal standards. You can ask them to present their license as proof of their credibility. Another factor to consider is how long they've worked with reverse mortgages. These loans are more complex than traditional ones, so it helps to know your broker has in-depth knowledge and extensive experience handling different reverse mortgage products. Once you've confirmed that your lender is legitimate and experienced, you can explore the loan's fine print. Instead of rushing through the numbers, you must focus on clarifying the following: How much equity will be accessible Types of fees involved (origination, closing, ongoing, etc.) Applicable interest rates and how they work in the loan Available payout options Any limitations once the loan has been closed Keep in mind that reverse mortgages aren't one-size-fits-all financial tools. Each element affects your long-term financial plans, from how much money you can get to how quickly your equity will be consumed. Inquiring about these details will help you prepare for potential additional costs and unexpected restrictions. All borrowers must keep up with specific responsibilities as homeowners when they sign up for a reverse mortgage. Take this opportunity to clarify what specific home maintenance tasks you must fulfill regularly and who pays property taxes and insurance. Like traditional types, reverse mortgages can default when borrowers fall behind their obligations and payments. It's also advisable to ask what other consequences may occur. Doing so will help you remember what to do once the mortgage closes, budget accordingly, and avoid potential risks. Counseling is mandatory when applying for reverse mortgages since they're more complex than conventional loans. For example, federally insured reverse loans are non-recourse loans, meaning borrowers will not owe more than their property's appraised value at the time of sale. However, the loan balance can sometimes exceed that value, and knowing your options for covering the excess amount can help you manage your finances responsibly. Counseling sessions are the best avenue to clarify such scenarios and any consumer protections involved. A good lender will encourage you to go through with the session and provide the necessary assistance and resources. It isn't merely a paperwork formality; it's your chance to understand the loan's terms and built-in safeguards and confirm whether the loan is right for you. While reverse loans provide financial assistance for senior homeowners to live quality lives, they can also affect your heirs and estate. It's essential to ask about loan repayment after you move out or pass away, what options your heirs have if they keep the house, and whether it has non-recourse protections. There are safeguards for heirs, but the conditions vary depending on their relationship to the borrower and (for spouses) eligibility as co-borrowers. So, don't hesitate to ask your loan officer about the relevant policies, any applicable non-recourse protections, and how they can affect your estate and long-term plans. Reverse loans can offer financial stability and peace of mind in your golden years only if you fully understand how they work, what they involve, and what they require. Take your time asking everything there is to know and anything unclear. By asking reverse mortgage brokers the right questions, you can make informed decisions, maximize your home equity, and protect your future. TIME BUSINESS NEWS
