Estimated reading time: 0 minutes, 21 seconds

Home Point Capital’s 3Q Profit Drops Despite Gain in Loan Volume

Sunday, Nov 07 2021
Lending
Written by  The Mortgage Leader

Home Point Capital has announced a profit of $71.2 million for the third quarter, down 73% from the same period a year before. So reports The Detroit News.

arrow down icon 157360 1280While the mortgage lender’s loan origination volume rose 15% year-over-year to $20.8 billion, its gain-on-sale margin shrank 71%.

Home Point stressed that it is working to cut expenses and attract brokers to its platform amid expectations of rising interest rates.

Read the full article from The Detroit News. 

Read 1262 times
Rate this item
(0 votes)
More in this category: « Rocket Mortgage’s Nicole Beattie Named CEO of Amrock Bodnar of MMG: Fed Taper, No Tantrum? »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline