Home Point Capital Inc. - HMPT STOCK NEWS

Home Point Capital (NASDAQ: HMPT) will announce its financial results for the fourth quarter and fiscal year ended December 31, 2021, on February 24, 2022, before the market opens. A conference call is scheduled for the same day at 8:30 a.m. ET, where details of the results will be discussed. Home Point is one of the leading mortgage originators in the U.S., operating through over 8,500 mortgage partners. The company aims to enhance successful homeownership and financial security.

Home Point Capital Inc. (NASDAQ: HMPT) announces the election of Joanna Zabriskie to its Board of Directors and her appointment to the Audit Committee. President and CEO Willie Newman praised her strong business acumen and leadership skills, anticipating significant contributions to the company. Zabriskie has over 25 years of experience in real estate, banking, and finance, previously serving as President and CEO of the BH Companies. Home Point Capital is a leading mortgage originator and servicer, emphasizing long-term value and partnerships within the housing sector.

Homepoint Foundation has launched its inaugural Homepoint Community Scholarship Program, aimed at supporting future talent in the mortgage industry. The scholarship will award up to $6,000 each to ten recipients from areas including Ann Arbor, Dallas, Chandler, and Clearwater. This initiative includes financial literacy support and career consultation for college students pursuing degrees in business-related fields. Applications are due by February 14, 2022. Homepoint aims to foster a diverse workforce and address home affordability challenges through this program.

Home Point Capital reported a third-quarter net income of $71 million or $0.51 per share, rebounding from a net loss of $73 million in Q2 2021. The company achieved a quarterly origination volume of $21 billion, a 14% increase year-over-year. However, total revenue dropped to $275 million, down from $511 million in Q3 2020. Total expenses increased to $175 million, but decreased 11% sequentially. Broker partners grew by over 50% year-over-year, highlighting operational expansion.

Homepoint, a leading mortgage originator and servicer, has increased the conforming loan limit for conventional loans to $625,000, up from $548,250. This adjustment aims to assist mortgage brokers in providing better housing affordability amidst rising home prices. President of Originations, Phil Shoemaker, emphasized the importance of acting swiftly as homebuyers seek to benefit from historically low rates. The new limit applies to single-family properties in the continental U.S. and precedes the Federal Housing Finance Agency's 2022 announcement.

Home Point Capital (NASDAQ: HMPT) will release its financial results for Q3 2021 on November 4, 2021, before the market opens. A conference call and live webcast will follow at 8:30 a.m. ET, where financial results will be reviewed. Interested parties can join by dialing the provided numbers or accessing the webcast via the Investor Relations section of the company's website. Home Point Capital is a leading mortgage originator and servicer, recognized as the third-largest wholesale mortgage lender in the U.S.

Home Point Capital (HMPT) reported a net loss of $73 million for Q2 2021, down from a net income of $169 million in Q2 2020. The total revenue fell to $84.4 million, significantly lower than $422 million in the previous quarter. Despite facing competitive pressure, quarterly funded origination volume exceeded $25 billion, a 116% year-over-year increase. Broker partners grew by 55%, reaching 6,738. The company declared a dividend of $0.15 per share, payable on August 26, 2021.

Home Point Capital (NASDAQ: HMPT) will release its financial results for Q2 2021 on August 10, 2021, before market opens. The company will hold a conference call at 8:30 a.m. ET to discuss the results, accessible via a toll-free number or through a webcast on their website. Home Point Capital is a leading mortgage originator and servicer, positioned as the third-largest wholesale mortgage lender in the nation. They support homeownership as a key component of financial security.

Homepoint, the third-largest wholesale mortgage lender in the U.S., announced the launch of Homepoint Amplify on June 28, 2021. This new service model aims to enhance efficiency for mortgage brokers by providing localized support while leveraging Homepoint's national platform. The initiative involves regional support teams dedicated to specific areas, thus facilitating more personalized communication and collaboration. Homepoint aims to deliver improved turnaround times and a simplified closing process, ensuring that brokers can succeed in a competitive market.