Guild Holdings Company reported its financial results for the second quarter of 2025, revealing a net income of $18.7 million, a significant decrease from the $37.6 million reported in the same quarter of the previous year. For the first half of 2025, the company experienced a net loss of $5.3 million, contrasting sharply with a net income of $66.1 million for the first half of 2024. The company's revenue for the second quarter was $279.4 million, a 40.8% increase from the previous quarter, driven primarily by a rise in loan origination fees and gains on the sale of loans, which totaled $236 million, up from $185 million in the first quarter of 2025.
In terms of operational performance, Guild originated $7.5 billion in mortgage loans during the second quarter, marking a 43.6% increase from the $5.2 billion originated in the first quarter of 2025. The company’s servicing portfolio also expanded, with an unpaid principal balance (UPB) of $96.3 billion as of June 30, 2025, compared to $94.0 billion at the end of the first quarter. The average size of the portfolio increased by 1.8% from the previous quarter and by 8.7% year-over-year. The company reported a purchase recapture rate of 27% for the second quarter, indicating its ability to retain customers refinancing their loans.
Guild's financial position showed a total asset increase to $5.03 billion as of June 30, 2025, up from $4.77 billion at the end of 2024. However, total liabilities also rose to $3.82 billion, compared to $3.51 billion at the end of the previous year. The company’s warehouse lines of credit increased to $1.67 billion, reflecting its reliance on these facilities to fund loan originations. The weighted average interest rate for these lines was reported at 5.9%, down from 6.7% at the end of 2024.
Strategically, Guild announced a merger agreement on June 18, 2025, with Gulf MSR HoldCo, LLC, which is expected to close in the fourth quarter of 2025. This merger will result in Guild becoming a wholly-owned subsidiary of Gulf MSR HoldCo. The company incurred approximately $4.4 million in expenses related to the merger during the first half of 2025. The merger is anticipated to enhance Guild's operational capabilities and market position, although it also introduces uncertainties regarding regulatory approvals and market conditions.
Looking ahead, Guild Holdings anticipates continued challenges in the mortgage market, including fluctuations in interest rates and competitive pressures. The company is focused on leveraging its origination and servicing segments to drive growth, with expectations of increased origination volumes in line with industry forecasts. The Mortgage Bankers Association projects a 13.6% increase in total origination volume for 2025, and Guild aims to capitalize on this growth through strategic partnerships and operational efficiencies.
About Guild Holdings Co
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