Mortgage City: With 3 new public companies, Southeast Michigan solidified as industry hub
Joins neighbors and competitors, Detroit-based Rocket Companies Inc., Pontiac-based UWM Corp
3 Southeast Michigan companies did about $567.5 billion in mortgage volume last year.
Home Point
Southeast Michigan s claim to the name Mortgage City has become a little stronger.
With Home Point Capital Inc. making its debut on the public markets on Friday, the region has been solidified as a hub for mortgage lending, particularly for non-bank institutions.
The Ann Arbor-based mortgage originator and servicer is still significantly smaller than its neighbors and competitors in the region, Detroit-based Rocket Companies Inc. and Pontiac-based UWM Corp., among the largest non-bank lenders in the country. But what s clear is that more and more mortgages nationwide are being originated in Wayne, Oakland and Washtenaw counties.
Home Point cuts offering value to $94 million as it goes public today crainsdetroit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainsdetroit.com Daily Mail and Mail on Sunday newspapers.
Mortgage firm Home Point Capital Inc. aims to sell about 12 percent of the company in an IPO at a price of between $19 and $21, according to a filing on Friday with federal securities regulators.
While a time frame for a public offering for the Ann Arbor company remains unclear, Home Point would…
Home Point mortgage firm eyes $237 million+ valuation in IPO crainsdetroit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainsdetroit.com Daily Mail and Mail on Sunday newspapers.
NYSE exec John Tuttle sees more Michigan companies going public in 2021
NEW YORK STOCK EXCHANGE GROUP: John Tuttle is witnessing first-hand the overall shift in companies making their way to the public markets. Tuttle is the
vice chairman and chief commercial officer of the New York Stock Exchange Group, where he works on overall outreach and business development. The Milford native said he had some hometown pride watching Detroit-based Rocket Companies Inc. go public on the NYSE this past summer and expects to see more Michigan companies take a similar path in the coming months and years.
How would you characterize the overall year for the New York Stock Exchange, and more specifically, the year for Michigan companies that have found their stock market home there?