The second quarter earnings report for United Wholesale Mortgage Corp. (NYSE: UWMC) provides a "glimpse into the future" for where things are headed in the mortgage lending sector, according to the company's top executive Mat Ishbia.Pontiac-based UWM on Monday morning reported net income for the…
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With declining stock performance, Southeast Michigan mortgage lenders adjust to new dynamic
With declining stock performance, Southeast Michigan mortgage lenders adjust to new dynamic
Industry analysts increasingly skittish about mortgage lenders
Interest rates ticking up, cutting into margins
NYSE and Crain s Detroit Business
Michigan’s mortgage companies debuted on the stock market to great fanfare. From left, a contingent from Rocket Companies including Chairman Dan Gilbert and CEO Jay Farner gathers near the New York Stock Exchange during the company’s debut on the public markets Aug. 6, 2020; NYSE Home Point Mortgage debuted on the Nasdaq Jan. 29; and United Wholesale Mortgage was the second of the three mortgage companies to hit the market, on Jan. 22.
Ann Arbor-based Home Point mortgage company files to go public
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Ann Arbor-based Home Point could be the third SE Michigan mortgage lender to head to the public markets in six months
Metro Detroit could soon have its third public mortgage origination firm.
Ann Arbor-based Home Point Capital Inc., the parent company of Homepoint Financial, on Friday afternoon filed an S-1 document with the U.S. Securities and Exchange Commission to have an initial public offering.
The company said in the filing that it seeks to raise $100 million in the IPO should it choose to go forward with it, which it cautioned is subject to market conditions.