If Stone Point’s name sounds familiar, it should. The investment firm has several tentacles wrapped around the mortgage industry. One of its investments is Home Point, the nation’s 15th largest originator, which went public last Friday.
With Wells Fargo being less aggressive these days, mortgage competitors feel emboldened to make offers to its best and brightest. A temporary situation?
Capacity issues at due diligence firms and other third-party service providers are slowing originations and loan sales in the non-qualified mortgage market...
Yet more bulk servicing deals are percolating. The latest offering is a $3.87 billion Ginnie Mae package from Mortgage Industry Advisory Corp., New York...