Mr. Cooper's Share Price Soars With $1T Servicing Portfolio In Sight
Thanks to its Home Point Capital acquisition and other pending transactions, the loan servicing giant delivered upbeat Q2 results Wednesday.
Stay updated with breaking news from Jay Bray. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Thanks to its Home Point Capital acquisition and other pending transactions, the loan servicing giant delivered upbeat Q2 results Wednesday.
Plus: Jacobs is spinning off its government services unit into standalone company; Lawn & Garden relocates headquarters to Irving.
After selling off originations businesses and laying off thousands, Home Point will sell $84 billion in mortgage servicing rights for $324 million in cash.
The difficult mortgage environment of the last year and more will bring about the end of one of Southeast Michigan's non-bank lenders.A regulatory filing and news release Wednesday afternoon said Ann Arbor-based Home Point Financial (NASDAQ: HMPT) has reached a deal to sell its remaining business…
Lender agrees to sell remaining mortgage business