Another Southeast Michigan mortgage company intends to go public amid a housing market boom.
Ann Arbor-based Home Point Capital Inc. on Friday filed a registration statement with the U.S. Securities and Exchange Commission to make an initial public offer on the Nasdaq stock market under the ticker HMPT. The number of shares of common stock to be offered, their price range and when the offering will happen has not yet been determined, according to a news release.
Founded in 2015, Home Point is mostly a wholesale mortgage originator. It works with a network of 5,500 middlemen mortgage brokers nationwide that work with homeowners and buyers to find the best mortgages for them.