Investors claim the mortgage lender overstated its cost efficiency and resilience ahead of its 2021 public launch.
Adding $84B servicing portfolio; Home Point operations to shut down after deal closes.
Places negative rating on proposed sale of wholesale origination assets to The Loan Store.
Company says it is 'winding down' originations and will focus on mortgage servicing.
Reports $163.7M loss for the full year.
Homepoint generated $20.7 billion in delegated correspondent volume in 2021, making it the 13th largest correspondent lender.
CEO Cites Competitive Pressure, Markets' Volatility For Loss