The sale of its correspondent business to Planet Home Lending, divestment in a reverse mortgage lender, Longbridge Financial, and the outsourcing of mortgage servicing rights all reinforce its focus on wholesale, company management said.
The most challenging part of the mortgage cycle is on its way as housing supply remains low and interest rates rise, Home Point Capital Inc. CEO Willie Newman said Thursday, and the company is positioning itself to continue to profit in the more difficult environment.
"We strategically built the…