Home Point is shrinking but still losing money
Headwinds in mortgage remain strong. Home Point CEO Willie Newman said Home Point owners would consider a dialogue about a sale.
homepoint
Sagent snaps up servicing leader from Homepoint Financial
“Perry will help refine Sagent’s cloud-native, open-API servicing and default platforms, ensure they’re relevant for our customers’ multivariate and complex use cases, and help drive adoption of our platforms with major bank and nonbank servicers,” said Sagent CEO Dan Sogorka. “Perry will also lead Sagent’s relationships with Fannie Mae, Freddie Mac, Ginnie Mae, and work … [Read more…]
Home Point Capital seeks new CFO amid efforts to improve margins
Home Point Capital is seeking a successor to chief financial officer Mark Elbaum, who will depart the company in April.
Nominations for the 2023 Rising Stars close today!
The Rising Stars award recognizes leaders and young talent in housing who are moving markets forward in a variety of roles in the housing economy.
Homepoint dives into HELOCs as home equity levels remain high
Wholesale lender Homepoint rolled out its HELOC product in hopes of courting more brokers in a margin-compressed market.
Planet Home Lending continues to gain market share
The company’s sub-servicing portfolio ended 2022 with assets under management reaching $17.5 billion, a 400% surge from the previous year. PMG added private clients in all asset-class sectors and improved execution through technology enhancements. The company’s active managed portfolio reached 36,000 assets, including non-QM, residential transitional loans, debt service coverage ratio loans, non-performing loans, and … [Read more…]
Splitero raises $12M to expand home equity investment operations
Splitero provides up to $500,000 as a lump sum of cash to homeowners without income and credit score requirements or monthly payments.
Mortgage Lenders Launch HELOCs as Home Equity Plummets By $1.3 Trillion
Despite massive drops in collective home equity, mortgage lenders continue to roll out new home equity line offerings. Yesterday, Black Knight reported that homeowners lost a whopping $1.3 trillion in home equity in the third quarter alone. The company said it was âby farâ the biggest quarterly drop on record by dollar value and the… Read More »Mortgage Lenders Launch HELOCs as Home Equity Plummets By $1.3 Trillion
The post Mortgage Lenders Launch HELOCs as Home Equity Plummets By $1.3 Trillion appeared first on The Truth About Mortgage.
People on the move: Feb. 26
Homepoint Financial creates chief diversity and inclusion officer position, PennyMac appoints CEO to two chairman roles and more of the latest hiring and promotion announcements in the mortgage industry.
Homepoint COO Lisa Patterson to speak at Spring Summit
The Homepoint exec will speak on a panel titled “Operational Strategies in the Current Market” at the HousingWire Spring Summit March 4.
The post Homepoint COO Lisa Patterson to speak at Spring Summit appeared first on HousingWire.