Home Point Capital Inc. Stock Price, News & Analysis

Sawa Credit Inc. has partnered with Homepoint, the second-largest wholesale mortgage lender in the U.S., to launch a unique community platform aimed at assisting underserved borrowers. This initiative, leveraging behavioral science, consists of over 200 participants grouped into pods to enhance collective financial resilience. By pooling resources, the platform seeks to improve mortgage holders' capacity to manage debts, particularly under current economic pressures of inflation and high interest rates. The collaboration reflects a commitment to bolster financial health and promote responsible homeownership.

Home Point Capital (NASDAQ: HMPT) reported a net loss of $(44.4) million or $(0.32) per share for Q2 2022, a significant improvement from $(73.2) million in Q2 2021. Quarterly origination volume was $9.3 billion, down from $25.5 billion a year earlier, while total revenue decreased to $70 million from $84.4 million in Q2 2021. The company completed sales of mortgage servicing rights totaling approximately $257.3 million, strengthening its liquidity to $632.7 million. Active broker partners reached 3,573, marking a 9.8% increase year-over-year.

Home Point Capital (NASDAQ: HMPT) will announce its Q2 2022 financial results on August 11, 2022, before markets open. A conference call is scheduled for the same day at 8:30 am ET, which can be accessed via a toll-free number or internationally. The investor presentation will be available prior to the call on the Investor Relations section of Home Point’s website. Home Point Capital is a leading player in the mortgage industry, being the third-largest wholesale mortgage lender and seventh-largest non-bank mortgage lender in the U.S.

Home Point Capital (NASDAQ: HMPT) announced that CFO Mark Elbaum and Chief Investor & Industry Relations Officer Lesley Alli will participate in a fireside chat at the Morgan Stanley US Financials, Payments & CRE Conference on June 13, 2022, at 1:05 p.m. ET. Investors can access a live audio webcast through Home Point's Investor Relations website, with a replay available after the event.

Founded in 2015 and headquartered in Ann Arbor, Michigan, Home Point Capital is a leading mortgage originator and servicer, partnering with over 8,300 mortgage brokers nationwide.

Home Point Capital reported its Q1 2022 financial results, revealing a net income of $11.9 million, or $0.09 per share, down significantly from $149 million in Q1 2021. The quarterly origination volume was $12.6 billion, down from $29.4 billion year-over-year. Total net revenue was $158.2 million, less than half of last year’s $421.9 million. Active broker partners increased by over 24%, totaling 3,603, while servicing portfolio units decreased by 18%. A cash dividend of $0.04 per share was declared.

Homepoint, the third-largest wholesale mortgage lender in the U.S., has launched Homepoint Cash Compete, a program that transforms borrowers into all-cash buyers through partnerships with independent loan originators. This initiative aims to enhance homebuying prospects by allowing buyers to compete against cash offers, which have a four-time higher success rate in competitive markets. Homepoint's program claims to save buyers an average of $8,000 in fees and expenses. Initially available in five states, it will expand to increase access for homebuyers nationwide.

Home Point Capital (NASDAQ: HMPT) announced it will release its Q1 2022 financial results on May 12, 2022, before market open. A conference call to discuss the results will follow at 8:30 a.m. ET. Investors can access the call by dialing (877) 423-9813 for domestic or (201) 689-8573 for international. A webcast will also be available on the company's Investor Relations website. As a leading mortgage originator, Home Point Capital operates a robust network of over 8,500 partners and ranks as the 3rd largest wholesale mortgage lender in the U.S.

Homepoint has launched the Homepoint New Build program to connect independent mortgage brokers with regional builders, aiming to address the housing supply shortage in the US. This partnership with Level Capital offers more accessible and affordable construction financing, allowing loans up to $4 million per unit and $25 million per project. Currently available in 10 states, the program seeks to accelerate new home construction and enhance the capabilities of small to midsize builders, potentially impacting housing prices positively.

Home Point Capital reported a fourth quarter 2021 net income of $19 million or $0.14 per diluted share. The quarterly origination volume reached $21 billion, while the total origination volume for 2021 was $96 billion, indicating a 55% YoY increase. However, the total revenue dropped to $181 million from $454 million in Q4 2020. The servicing portfolio improved with delinquencies at 0.7%. A cash dividend of $0.04 per share was declared, alongside an $8 million stock repurchase program.