Latest news with #Guild
Business Wire
12 hours ago
- Business
- Business Wire
GHLD Investors Have the Opportunity to Join Investigation of Guild Holdings Company with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Guild Holdings Company ('Guild' or 'the Company') (NYSE: GHLD) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Guild board breached its fiduciary duties to shareholders. Guild announced on June 18, 2025, that 'it has signed a definitive agreement under which a fund managed by Bayview Asset Management, LLC ("Bayview") will acquire all of the outstanding shares of the Company's common stock that it does not already own in an all-cash transaction valued at approximately $1.3 billion in aggregate equity value.' If you are a shareholder, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Business Wire
2 days ago
- Business
- Business Wire
Guild Holdings Co. and Bayview Asset Management Sign Definitive Agreement
SAN DIEGO--(BUSINESS WIRE)--Guild Holdings Company (NYSE: GHLD) ('Guild'), 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 has signed a definitive agreement under which a fund managed by Bayview Asset Management, LLC ('Bayview') will acquire all of the outstanding shares of the Company's common stock that it does not already own in an all-cash transaction valued at approximately $1.3 billion in aggregate equity value. Upon completion of the transaction, Guild will operate as a privately held independent entity in close partnership with Lakeview Loan Servicing, LLC ('Lakeview'), a leading mortgage servicer and Bayview affiliate. Under the terms of the agreement, Guild stockholders will receive $20.00 in cash for each share of Guild common stock they hold. The transaction consideration represents a premium of approximately 56% to Guild's unaffected closing common stock price on May 23, 2025, the last trading day prior to the filing of Bayview's Schedule 13D announcing its potential interest in a transaction with Guild, and a premium of approximately 27% to Guild's tangible book value as of March 31, 2025. The Board of Directors also intends to authorize a special cash dividend of up to $0.25 per share in 2025 (based on Guild's cash on hand) and, if the merger is not consummated in 2025, quarterly cash dividends of up to $0.25 per share through the consummation of the merger. The payment of any dividends will not result in an adjustment to the $20.00 per share purchase price. Upon completion of the transaction, Guild will become a private company. McCarthy Capital Mortgage Investors, LLC has executed a written consent to approve the transaction, thereby providing the required stockholder approval for the transaction. No further action by other Guild stockholders is required to approve the transaction. Guild's leading nationally recognized retail mortgage origination and servicing platform will continue to build upon its historical success operating business as usual. Guild executives and management team, critical to ongoing growth and performance, will also remain in place. There will be no material change to Guild's brand, business operations or customer experience as a result of the agreement. The transaction is expected to close in the fourth quarter of 2025, subject to the satisfaction of customary closing conditions. The transaction is not subject to any financing conditions. 'Expanding the Guild relationship with Lakeview creates one of the strongest and most compelling mortgage origination and servicing ecosystems in the nation,' said Guild Chief Executive Terry Schmidt. 'Our expertise in distributed retail origination, retained servicing, and the customer-for-life balanced business model makes this a complementary partnership that has powerful potential for growth and innovation.' 'We are pleased to forge a stronger strategic partnership between Lakeview and Guild through this transaction, and look forward to expanding opportunities and delivering exceptional service to our customers," said Juan Gonzalez, Managing Director and CEO of Lakeview Originations. 'With each company's different strengths and areas of expertise, this collaboration will form one of the most dynamic mortgage origination and servicing platforms in the industry.' 'We are excited for this next chapter of the Guild story,' said Guild Holdings Chairman Patrick Duffy. 'The entire board of directors is confident that Bayview will be an excellent steward of this exceptional company and a great platform for continued growth.' Transaction benefits: Guild will continue to execute its strategic growth plans, and expects that this transaction will create additional opportunities for its employees and customers. Seamless transition: Guild's business operations will continue with no material changes planned as a result of the transaction. The company's brand, product and service offerings, and strategic relationships will all remain in place. Guild's executives and management teams will also remain intact. Guild will continue to operate as an independent entity. Retail origination and retained servicing: Guild's coast-to-coast distributed retail origination model and focus on building customers-for-life through retained in-house servicing will remain a hallmark of the brand. This business model will align in a powerful, complementary fashion with Lakeview's servicing portfolio of 2.8 million mortgage loans nationwide, and position Guild for additional origination and recapture opportunities. Growth and innovation: Guild, Lakeview, and their affiliates expect to identify numerous opportunities to unlock additional customer opportunities, new product offerings, and growth capital to fund expansion and innovation. Morgan Stanley & Co. LLC is acting as exclusive financial advisor to Guild, and Sullivan & Cromwell LLP is acting as legal advisor to Guild. Goldman Sachs & Co. LLC is serving as financial advisor and Simpson Thacher & Bartlett LLP is serving as legal counsel to Bayview. 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 home ownership 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 About Lakeview Lakeview Loan Servicing, LLC ('Lakeview') is a leading mortgage loan servicer in the U.S. with over 2.8 million customers. 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 communication 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
Business Wire
11-06-2025
- Business
- Business Wire
Guild Mortgage Adopts FICO Score 10 T to Grow Underserved and First-Time Homebuyers
BOZEMAN, Mont.--(BUSINESS WIRE)-- FICO (NYSE: FICO), a leading analytics software company, today announced that Guild Mortgage, a leading national mortgage lender, has adopted FICO® Score 10 T for non-GSE mortgage loans. This strategic move underscores Guild's commitment to leveraging advanced analytics to responsibly extend credit to a broader range of borrowers. 'Guild Mortgage is proud to adopt FICO Score 10 T as part of our continued effort to make homeownership more accessible,' said David Battany, executive vice president of Capital Markets at Guild Mortgage. Share FICO® Score 10 T is FICO's newest and most predictive credit scoring model, incorporating trended credit bureau data that captures a consumer's credit behavior over time. Guild is widely known for its commitment to serving first-time homebuyers and individuals with limited traditional credit. Embracing FICO Score 10 T is a key step in Guild's forward-looking approach to serving the next generation of homebuyers through innovative lending solutions and a continued focus on expanding access to affordable, sustainable mortgage options. 'Guild Mortgage is proud to adopt FICO Score 10 T as part of our continued effort to make homeownership more accessible,' said David Battany, executive vice president of Capital Markets at Guild Mortgage. 'FICO Score 10 T's predictive power helps us better price and manage risk across the life of the loan which will be a critical advantage for both our business and our customers.' To date, nearly 30 lenders with over $300 billion in annualized mortgage originations and approximately $1.5 trillion in eligible mortgage portfolio servicing have signed up for the FICO® Score 10 T Early Adopter Program. The program allows lenders to receive FICO Score 10 T alongside Classic FICO® Score so they can evaluate the advantages before fully moving to the new scoring model. Lenders using FICO® Score 10 T for non-GSE loans have reported that 51% of mortgages have a higher score and 1.7% more mortgages score 740+, which can result in better terms for borrowers. 'FICO Score 10 T reflects our commitment to innovation that drives greater financial inclusion,' said Julie May, vice president and general manager of B2B Scores at FICO. 'With our latest score, which uses trended credit data, lenders gain a deeper understanding of borrower behavior, unlocking opportunities for millions of Americans. We're proud to support forward-looking partners like Guild who are putting this innovation to work for borrowers.' FICO is committed to assisting mortgage industry participants looking to transition to FICO® Score 10 T. FICO's Mortgage and Capital Markets team can provide support across the mortgage ecosystem. In addition to helping the industry prepare for and understand the benefits of FICO Score 10 T, the team can help clients identify potential areas to reduce default exposure and maximize opportunity utilizing the latest credit tools and insights. More information: FICO Score Migration Resource Center About FICO FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.
Yahoo
02-06-2025
- Climate
- Yahoo
NBC News' Jacob Soboroff Sets Deal With HarperCollins to Chronicle Los Angeles' Devastating Blazes in ‘Firestorm'
Jacob Soboroff, a national and political correspondent for NBC News, has set a deal with HarperCollins to write a book examining the wildfires that devastated his hometown of Pacific Palisades as well as Altadena in January. 'Firestorm: The Great Los Angeles Fires and America's New Age of Disaster' is set to be published on Jan. 6, 2026, the day before the one-year anniversary of the start of the wind-whipped fires. More from Variety Ahead of PGA Awards, Guild Says Fighting Runaway Production Is Top Priority: 'We Have to Stand Up and Fight for Los Angeles' ABC News Plans 'SoCal Strong' Coverage, Fundraising for California Wildfire Victims MSNBC Plans Launch of 'American Swamp' Docuseries with Katy Tur, Jacob Soboroff Soboroff inked his deal with Peter Hubbard, senior VP and publisher of the HarperCollins imprint Mariner Books. The pair worked together on Soboroff's 2020 nonfiction best-seller 'Separated: Inside an American Tragedy.' That book, about the Trump administration's family separation policy for migrants, was made into a 2024 documentary helmed by Errol Morris. 'We are honored to be partnering with Jacob again as he embarks on writing a defining account of the devastating 2025 Los Angeles fires, a subject so close to his mind and heart,' Hubbard said. 'Having worked with Jacob on his first book, 'Separated,' I know that every page of 'Firestorm' will evidence his blend of dogged reporting, open-hearted attunement to human stories, and a wide-angle understanding of the complex regional, national and global implications of the L.A. fires.' Soboroff said he intends to keep the time frame of 'Firestorm' fairly narrow, given the limited time that he has to finish the book. It will focus on the momentous two weeks from the start of the blazes on Jan. 7 until Jan. 24, the day newly inauguarated President Donald Trump visited the Palisades to survey the destruction with California Gov. Gavin Newsom. Soboroff intends to establish a meticulous timeline of what happened and to capture the experiences of survivors, first responders and myriad others whose lives were up-ended by the blazes that left more than 20 people dead and more than 18,000 homes and buildings destroyed. 'It's been a real journalistic endeavor of investigating what went on and a reflection that there will be more of these fires,' Soboroff told Variety. 'It's a book-length examination of what we've experienced as a society and as a country.' Soboroff noted that his drive to write 'Firestorm' was similar to the process that led him to write 'Separated,' after he saw first-hand how the Trump administration's cruel policy of family separation for migrants was being implemented along the U.S.'s southern border. It was the jolt that inspired Soboroff to dig deep into the policy failures and political fights around immigration policy for decades. 'Family separation was the X-ray vision that allowed us to undersand the immigration system and how broken it was,' Soboroff said. 'The fire has exposed the intersection of disaster and inequality. When an event like this hapens, it makes the problems so concrete. It makes things glaringly obvious.' Soboroff grew up in the Pacific Palisades area. His brother and other family members were in harm's way when Soboroff headed out of NBC News' L.A. bureau to cover the devastation in an area he knows so well. 'This was in many ways the fire of the future,' he said. 'I felt like I was watching my childhood flash before my eyes. And this book is becoming an examination of what my children's future is going to look like as it relates to these types of disasters.' Soboroff is repped by CAA. (Pictured top: NBC News' Jacob Soboroff speaks to an employee of a restaurant destroyed in the Pacific Palisades fire on Jan. 10.) Best of Variety What's Coming to Netflix in June 2025 New Movies Out Now in Theaters: What to See This Week 'Harry Potter' TV Show Cast Guide: Who's Who in Hogwarts?
Yahoo
02-06-2025
- General
- Yahoo
NBC News' Jacob Soboroff Sets Deal With HarperCollins to Chronicle Los Angeles' Devastating Blazes in ‘Firestorm'
Jacob Soboroff, a national and political correspondent for NBC News, has set a deal with HarperCollins to write a book examining the wildfires that devastated his hometown of Pacific Palisades as well as Altadena in January. 'Firestorm: The Great Los Angeles Fires and America's New Age of Disaster' is set to be published on Jan. 6, 2026, the day before the one-year anniversary of the start of the wind-whipped fires. More from Variety Ahead of PGA Awards, Guild Says Fighting Runaway Production Is Top Priority: 'We Have to Stand Up and Fight for Los Angeles' ABC News Plans 'SoCal Strong' Coverage, Fundraising for California Wildfire Victims MSNBC Plans Launch of 'American Swamp' Docuseries with Katy Tur, Jacob Soboroff Soboroff inked his deal with Peter Hubbard, senior VP and publisher of the HarperCollins imprint Mariner Books. The pair worked together on Soboroff's 2020 nonfiction best-seller 'Separated: Inside an American Tragedy.' That book, about the Trump administration's family separation policy for migrants, was made into a 2024 documentary helmed by Errol Morris. 'We are honored to be partnering with Jacob again as he embarks on writing a defining account of the devastating 2025 Los Angeles fires, a subject so close to his mind and heart,' Hubbard said. 'Having worked with Jacob on his first book, 'Separated,' I know that every page of 'Firestorm' will evidence his blend of dogged reporting, open-hearted attunement to human stories, and a wide-angle understanding of the complex regional, national and global implications of the L.A. fires.' Soboroff said he intends to keep the time frame of 'Firestorm' fairly narrow, given the limited time that he has to finish the book. It will focus on the momentous two weeks from the start of the blazes on Jan. 7 until Jan. 24, the day newly inauguarated President Donald Trump visited the Palisades to survey the destruction with California Gov. Gavin Newsom. Soboroff intends to establish a meticulous timeline of what happened and to capture the experiences of survivors, first responders and myriad others whose lives were up-ended by the blazes that left more than 20 people dead and more than 18,000 homes and buildings destroyed. 'It's been a real journalistic endeavor of investigating what went on and a reflection that there will be more of these fires,' Soboroff told Variety. 'It's a book-length examination of what we've experienced as a society and as a country.' Soboroff noted that his drive to write 'Firestorm' was similar to the process that led him to write 'Separated,' after he saw first-hand how the Trump administration's cruel policy of family separation for migrants was being implemented along the U.S.'s southern border. It was the jolt that inspired Soboroff to dig deep into the policy failures and political fights around immigration policy for decades. 'Family separation was the X-ray vision that allowed us to undersand the immigration system and how broken it was,' Soboroff said. 'The fire has exposed the intersection of disaster and inequality. When an event like this hapens, it makes the problems so concrete. It makes things glaringly obvious.' Soboroff grew up in the Pacific Palisades area. His brother and other family members were in harm's way when Soboroff headed out of NBC News' L.A. bureau to cover the devastation in an area he knows so well. 'This was in many ways the fire of the future,' he said. 'I felt like I was watching my childhood flash before my eyes. And this book is becoming an examination of what my children's future is going to look like as it relates to these types of disasters.' Soboroff is repped by CAA. (Pictured top: NBC News' Jacob Soboroff speaks to an employee of a restaurant destroyed in the Pacific Palisades fire on Jan. 10.) Best of Variety What's Coming to Netflix in June 2025 New Movies Out Now in Theaters: What to See This Week 'Harry Potter' TV Show Cast Guide: Who's Who in Hogwarts?
