Homepoint takes $44M loss in Q2 amid price war
"We're not afraid to get smaller as an organization," Homepoint's Willie Newman told analysts after reporting a $44 million loss in the second quarter.
Source: housingwire.com
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"We're not afraid to get smaller as an organization," Homepoint's Willie Newman told analysts after reporting a $44 million loss in the second quarter.
HMPT earnings call for the period ending June 30, 2022.
The company is close to completing the outsourcing of its servicing operations and is bullish on the potential to grow its broker network, but higher rates and fierce competition have hurt earnings.
HMPT earnings call for the period ending March 31, 2022.
Home Point Capital recorded a $12 million profit in the first quarter of 2022, down from $19.3 million the prior quarter.