Secondary

The Irvine, California-based firm reported a net loss of $67.5 million in the fourth quarter.

The company is a leading player in the primary and secondary markets for government-backed reverse mortgages and also has been developing proprietary products.

The builder's lending unit bought servicing and secondary market approvals that weren't part of Guild's previous acquisition of CCM's production and branding.

The selloff in US equities accelerated Monday, with major averages tumbling to their worst day this year, as investors braced for a slowdown in the American economy.

Origination volume at the San Diego-based company rose 57% to $24 billion in 2024.

A coalition of national financial organizations filed a friend-of-the-court brief for preemption after regulators filed one against it in a key servicing case.

The automation provider plans to unveil functionality at its upcoming user conference aimed at improving new loan boarding and investor reporting processes.

Metrics the influential government-related mortgage investor is adding appear to be in line with a broader move to examine the impact of serial loss mitigation.

Easing regulations on the GSEs will likely drive elevated activity in non-QM if or when it occurs, leaders at the real estate investment trust also said.

Excess cash flow will pay timely interest and protect against realized losses in the rated certificates before being paid out to the class X notes.