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Home Point Capital agreed to settle a class action lawsuit filed in 2021 by investors claiming the company made false and misleading statements related to its initial public offering.
Homepoint struggled from relatively-weak capital position, a high cost structure and chronic problems with underwriting and technology, former workers said.
Operator: Greetings and welcome to the Home Point Capital Fourth Quarter 2022 Financial Results Call. As a reminder, this conference is being recorded.
Home Point Capital, the parent company of Homepoint, is seeking a successor to take over Mark Elbaum’s chief financial officer position.
Home Point Financial Inc. is on the hunt for a new top finance executive. A securities filing on Wednesday said that Mark Elbaum, CFO of the struggling Ann Arbor-based wholesale mortgage lender, would be stepping down from the position on April 3. "Mr. Elbaum's departure is not related to the…