Michigan-based lender Home Point is joining the stampede into public ownership.

In 2019, FHA endorsed $940 million of loans that had private insurance instead of the required National Flood Insurance Program coverage.

United Wholesale Mortgage, a top-ranked government lender, will become public sometime next month. At least, that’s what the firm is planning. Meanwhile, the nonbank is being sued by a small group of loan brokers over commissions.