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Home Point Capital CASE ALLEGATIONS: The Home Point Capital class action lawsuit alleges that Home Point Capital’s offering documents made false and/or misleading statements and/or failed to disclose that: (i) Home Point Capital’s aggressive expansion of its broker partners would dramatically increase Home Point Capital’s expenses; (ii) the mortgage industry was anticipating industry-wide decreased gain-on-sale margins as a result of rising interest rates in 2021 and Home Point Capital would be subject to the same competitive pressures; (iii) accordingly, Home Point Capital had overstated its business and financial prospects; and (iv) as a result, Home Point Capital’s offering documents were materially false and/or misleading and failed to state information required to be stated therein.

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