Home Point Capital agreed to settle a class action lawsuit filed in 2021 by investors claiming the company made false and misleading statements related to its initial public offering.
Homepoint struggled from relatively-weak capital position, a high cost structure and chronic problems with underwriting and technology, former workers said.
Operator: Greetings and welcome to the Home Point Capital Fourth Quarter 2022 Financial Results Call. As a reminder, this conference is being recorded.
Home Point Financial Inc. is on the hunt for a new top finance executive.
A securities filing on Wednesday said that Mark Elbaum, CFO of the struggling Ann Arbor-based wholesale mortgage lender, would be stepping down from the position on April 3.
"Mr. Elbaum's departure is not related to the…