Home Point Capital Inc., together with its subsidiaries, operates as a residential mortgage originator and service provider. It operates through two segments, Origination and Servicing. The Origination segment sources loans through direct, wholesale, and correspondent channels. The Servicing segment offers collecting loan payments; remitting principal and interest payments to investors; managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance; and performing loss mitigation activities on behalf of investors and administering mortgage loans. The company was incorporated in 2014 and headquartered in Ann Arbor, Michigan.
IPO Year: 2021
Exchange: NASDAQ
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2022 | $4.00 → $1.50 | Neutral → Outperform | Wedbush |
| 8/15/2022 | $5.50 → $4.00 | Outperform → Neutral | Wedbush |
| 4/13/2022 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 2/25/2022 | $8.00 → $6.50 | Outperform | Credit Suisse |
| 2/25/2022 | $4.00 → $3.75 | Equal-Weight | Morgan Stanley |
| 2/25/2022 | $4.00 | Overweight → Equal-Weight | Wells Fargo |
| 2/22/2022 | $5.00 → $4.00 | Underperform | B of A Securities |
| 1/19/2022 | Overweight → Underweight | JP Morgan | |
| 1/6/2022 | $4.50 | Neutral → Sell | Goldman Sachs |
| 8/26/2021 | $10.00 → $7.00 | Market Outperform | JMP Securities |
IRVINE, Calif., Feb. 11, 2021 /PRNewswire/ -- Interlink Electronics, Inc. (OTC: LINK), a world-leading trusted advisor and technology partner in the rapidly advancing world of human-machine interface (HMI) devices, sensors, and other cutting-edge technologies, today announced that Maria Fregosi has accepted a seat on the company's board of directors. Fregosi brings substantial financial expertise to the company. Fregosi currently serves as Chief Investment Officer of national mortgage lender Homepoint (NASDAQ: HMPT), which she joined as a founding member in 2015. Since she joined Homepoint, the company has grown to a top-10 non-bank mortgage lender, most recently recording $62 billion in
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Wedbush upgraded Home Point Capital from Neutral to Outperform and set a new price target of $1.50 from $4.00 previously
Wedbush downgraded Home Point Capital from Outperform to Neutral and set a new price target of $4.00 from $5.50 previously
JMP Securities downgraded Home Point Capital from Mkt Outperform to Mkt Perform
Credit Suisse reiterated coverage of Home Point Capital with a rating of Outperform and set a new price target of $6.50 from $8.00 previously
Morgan Stanley reiterated coverage of Home Point Capital with a rating of Equal-Weight and set a new price target of $3.75 from $4.00 previously
Wells Fargo downgraded Home Point Capital from Overweight to Equal-Weight and set a new price target of $4.00
B of A Securities reiterated coverage of Home Point Capital with a rating of Underperform and set a new price target of $4.00 from $5.00 previously
JP Morgan downgraded Home Point Capital from Overweight to Underweight
Goldman Sachs downgraded Home Point Capital from Neutral to Sell and set a new price target of $4.50
JMP Securities reiterated coverage of Home Point Capital with a rating of Market Outperform and set a new price target of $7.00 from $10.00 previously
4 - Home Point Capital Inc. (0001830197) (Issuer)
4 - Home Point Capital Inc. (0001830197) (Issuer)
4 - Home Point Capital Inc. (0001830197) (Issuer)
4 - Home Point Capital Inc. (0001830197) (Issuer)
4 - Home Point Capital Inc. (0001830197) (Issuer)
4 - Home Point Capital Inc. (0001830197) (Issuer)
4 - Home Point Capital Inc. (0001830197) (Issuer)
4 - Home Point Capital Inc. (0001830197) (Issuer)
4 - Home Point Capital Inc. (0001830197) (Issuer)
4 - Home Point Capital Inc. (0001830197) (Issuer)
Mr. Cooper Group Inc. (NASDAQ:COOP) ("Mr. Cooper") announced today that Heisman Merger Sub, Inc. ("Purchaser"), a wholly owned subsidiary of Mr. Cooper, has extended the expiration date of its offer (the "Offer") to acquire all of the outstanding shares of common stock of Home Point Capital Inc. (NASDAQ:HMPT) ("Home Point"), par value $0.0000000072 per share ("Shares"), for $2.33 per Share, net to the seller in cash, without interest thereon and subject to any required withholding, pursuant to the Agreement and Plan of Merger, dated as of May 10, 2023, by and among Mr. Cooper, Home Point, and Purchaser. The Offer, which was previously scheduled to expire at 5:00 p.m., Eastern Time, on Jul
Mr. Cooper Group Inc. (NASDAQ:COOP) ("Mr. Cooper") announced today that Heisman Merger Sub, Inc. ("Purchaser"), a wholly owned subsidiary of Mr. Cooper, has extended the expiration date of its offer (the "Offer") to acquire all of the outstanding shares of common stock of Home Point Capital Inc. (NASDAQ:HMPT) ("Home Point"), par value $0.0000000072 per share ("Shares"), for $2.33 per Share, net to the seller in cash, without interest thereon and subject to any required withholding, pursuant to the Agreement and Plan of Merger, dated as of May 10, 2023, by and among Mr. Cooper, Home Point, and Purchaser. The Offer, which was previously scheduled to expire at 5:00 p.m., Eastern Time, on Jun
ANN ARBOR, Mich., May 12, 2023 (GLOBE NEWSWIRE) -- Home Point Capital Inc. (NASDAQ:HMPT) (together with its subsidiaries, "Home Point Capital" or the "Company"), the parent entity of Home Point Financial Corporation ("Homepoint"), today announced its financial results for the first quarter ended March 31, 2023. In addition, as previously disclosed during the second quarter of 2023, the Company has announced the following two strategic transactions: On May 10, 2023, the Company announced the signing of a definitive agreement (the "Merger Agreement") that provides for a wholly owned subsidiary of Mr. Cooper Group Inc. ("Mr. Cooper") to commence a tender offer (the "Offer") to acquire all o
Acquisition of $84 billion servicing portfolio expected to contribute to Mr. Cooper's return on equity with estimated 10% accretion to operating earnings in first year Tangible book value accretive by ~$1/share at closing Funded in part with assumption of Home Point Capital $500 million 5% senior notes due 2026 Home Point operations to be shut down after closing Mr. Cooper Group Inc. ("Mr. Cooper") and Home Point Capital Inc. ("Home Point"), announced today the signing of a definitive agreement for Mr. Cooper to acquire all outstanding shares of Home Point for approximately $324 million in cash. As part of the transaction, Mr. Cooper will assume $500 million in outstanding
ANN ARBOR, Mich., April 07, 2023 (GLOBE NEWSWIRE) -- Homepoint, the third-largest wholesale lender by origination volume for the year ending December 31, 2022 according to Inside Mortgage Finance, today announced it has entered into a definitive agreement to sell certain assets of the company's wholesale originations channel to The Loan Store, Inc., a national wholesale lender headquartered in Tucson, Arizona. "Due to the tremendous effort of our associates and the support of our broker partners, we have built Homepoint from a startup to the third-largest wholesale lender," said Willie Newman, President and CEO of Homepoint. "After careful consideration, and in light of current market c
– Quarterly Origination Volume of $1.7 billion – – $89.1 million reduction in total expenses compared to fourth quarter of prior year – – Available liquidity of $662.5 million – – Fourth Quarter 2022 Net Loss of $36.8 million, or $(0.27) per Share – ANN ARBOR, Mich., March 09, 2023 (GLOBE NEWSWIRE) -- Home Point Capital Inc. (NASDAQ:HMPT) (together with its subsidiaries, "Home Point Capital" or the "Company"), the parent entity of Home Point Financial Corporation ("Homepoint"), today announced its financial results for the fourth quarter and full year ended December 31, 2022. "As 2022 was largely characterized by an increasingly challenging market, our primary strategic focus was on r
ANN ARBOR, Mich., March 01, 2023 (GLOBE NEWSWIRE) -- Home Point Capital Inc. (NASDAQ:HMPT) ("Home Point Capital" or the "Company"), the parent entity of Home Point Financial Corporation ("Homepoint"), announced today that it will release its financial results for the fourth quarter and fiscal year ended December 31, 2022 before the market opens on March 9, 2023. The company will host a conference call and live webcast to review the company's financial results on the same day at 8:30 am ET. The conference call may be accessed by dialing (877) 423-9813 (toll-free) or (201) 689-8573 (international), using the passcode 13733909. The number should be dialed at least ten minutes prior to the st
ANN ARBOR, Mich., Feb. 13, 2023 (GLOBE NEWSWIRE) -- Home Point Capital Inc. (NASDAQ:HMPT) (the "Company"), today announced that its 2023 Annual Meeting of Stockholders (the "2023 Annual Meeting") will be held virtually by means of remote communication on June 8, 2023, at 11:00 a.m. Eastern Daylight Time. Stockholders of record of the Company's common stock at the close of business on April 10, 2023, the planned record date for the 2023 Annual Meeting, will be entitled to notice of, and to vote at, the 2023 Annual Meeting. Additional information regarding the meeting will be contained in the Company's proxy statement, which will be filed in advance of the meeting. About Home Point Capita
– Quarterly Origination Volume of $4.1 billion – – $59.5 million reduction in total expenses compared to third quarter of prior year – – Available liquidity of $569.1 million – – Third Quarter 2022 Net Loss of $94.3 million, or $(0.68) per Share – ANN ARBOR, Mich., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Home Point Capital Inc. (NASDAQ:HMPT) (together with its subsidiaries, "Home Point Capital" or the "Company"), the parent entity of Home Point Financial Corporation ("Homepoint"), today announced its financial results for the third quarter ended September 30, 2022. "We continue to take strategically proactive steps to navigate the current en
HELOC positions brokers as key support system for homeowners ANN ARBOR, Mich., Nov. 7, 2022 /PRNewswire/ -- Homepoint, one of the nation's largest wholesale mortgage lenders, today announced the launch of its new Home Equity Line of Credit (HELOC) in 38 states and Washington, D.C., available through its network of mortgage broker partners. The company plans to expand the list of HELOC-eligible states in the coming months. The Homepoint HELOC is essentially a 100% digital lending platform experience from application to closing, requiring minimal uploading of income and asset documents. Depending on a borrower's credit attributes, Homepoint may be able to provide same day approval and fund a H
ANN ARBOR, Mich., May 12, 2023 (GLOBE NEWSWIRE) -- Home Point Capital Inc. (NASDAQ:HMPT) (together with its subsidiaries, "Home Point Capital" or the "Company"), the parent entity of Home Point Financial Corporation ("Homepoint"), today announced its financial results for the first quarter ended March 31, 2023. In addition, as previously disclosed during the second quarter of 2023, the Company has announced the following two strategic transactions: On May 10, 2023, the Company announced the signing of a definitive agreement (the "Merger Agreement") that provides for a wholly owned subsidiary of Mr. Cooper Group Inc. ("Mr. Cooper") to commence a tender offer (the "Offer") to acquire all o
– Quarterly Origination Volume of $1.7 billion – – $89.1 million reduction in total expenses compared to fourth quarter of prior year – – Available liquidity of $662.5 million – – Fourth Quarter 2022 Net Loss of $36.8 million, or $(0.27) per Share – ANN ARBOR, Mich., March 09, 2023 (GLOBE NEWSWIRE) -- Home Point Capital Inc. (NASDAQ:HMPT) (together with its subsidiaries, "Home Point Capital" or the "Company"), the parent entity of Home Point Financial Corporation ("Homepoint"), today announced its financial results for the fourth quarter and full year ended December 31, 2022. "As 2022 was largely characterized by an increasingly challenging market, our primary strategic focus was on r
ANN ARBOR, Mich., March 01, 2023 (GLOBE NEWSWIRE) -- Home Point Capital Inc. (NASDAQ:HMPT) ("Home Point Capital" or the "Company"), the parent entity of Home Point Financial Corporation ("Homepoint"), announced today that it will release its financial results for the fourth quarter and fiscal year ended December 31, 2022 before the market opens on March 9, 2023. The company will host a conference call and live webcast to review the company's financial results on the same day at 8:30 am ET. The conference call may be accessed by dialing (877) 423-9813 (toll-free) or (201) 689-8573 (international), using the passcode 13733909. The number should be dialed at least ten minutes prior to the st
– Quarterly Origination Volume of $4.1 billion – – $59.5 million reduction in total expenses compared to third quarter of prior year – – Available liquidity of $569.1 million – – Third Quarter 2022 Net Loss of $94.3 million, or $(0.68) per Share – ANN ARBOR, Mich., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Home Point Capital Inc. (NASDAQ:HMPT) (together with its subsidiaries, "Home Point Capital" or the "Company"), the parent entity of Home Point Financial Corporation ("Homepoint"), today announced its financial results for the third quarter ended September 30, 2022. "We continue to take strategically proactive steps to navigate the current en
ANN ARBOR, Mich., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Home Point Capital Inc. (NASDAQ:HMPT) ("Home Point Capital" or the "Company"), the parent entity of Home Point Financial Corporation ("Homepoint"), announced today that it will release its financial results for the third quarter ended September 30, 2022 before the market opens on November 10, 2022. The company will host a conference call and live webcast to review the company's financial results on the same day at 8:30 am ET. The conference call may be accessed by dialing (877) 423-9813 (toll-free) or (201) 689-8573 (international), using the passcode 13730527. The number should be dialed at least ten minutes prior to the start of the ca
– Quarterly Origination Volume of $9.3 Billion – – 3,573 Active Broker Partners in Second Quarter – – Second Quarter 2022 Net Loss of $(44.4) Million, or $(0.32) per Share – ANN ARBOR, Mich., Aug. 11, 2022 (GLOBE NEWSWIRE) -- Home Point Capital Inc. (NASDAQ:HMPT) (together with its subsidiaries, "Home Point Capital" or the "Company"), the parent entity of Home Point Financial Corporation ("Homepoint"), today announced its financial results for the second quarter ended June 30, 2022. "We continued in the second quarter to focus on the key actions critical to navigating this cycle: further reducing expenses, enhancing our liquidity position and solely focusing on the origination channel
ANN ARBOR, Mich., July 28, 2022 (GLOBE NEWSWIRE) -- Home Point Capital Inc. (NASDAQ:HMPT) ("Home Point Capital" or the "Company"), the parent entity of Home Point Financial Corporation ("Homepoint"), announced today that it will release its financial results for the second quarter ended June 30, 2022 before the market opens on August 11, 2022. The company will host a conference call and live webcast to review the company's financial results on the same day at 8:30 am ET. The conference call may be accessed by dialing (877) 423-9813 (toll-free) or (201) 689-8573 (international), using the passcode 13730417. The number should be dialed at least ten minutes prior to the start of the call. A
– Quarterly Origination Volume of $12.6 Billion – – 3,600 Active Broker Partners in First Quarter – – First Quarter 2022 Net Income of $11.9 Million, or $0.09 per Share – ANN ARBOR, Mich., May 12, 2022 (GLOBE NEWSWIRE) -- Home Point Capital Inc. (NASDAQ:HMPT) (together with its subsidiaries, "Home Point Capital" or the "Company"), the parent entity of Home Point Financial Corporation ("Homepoint"), today announced its financial results for the first quarter ended March 31, 2022. "In the first quarter, we effectively navigated through an increasingly challenging environment. We were able to increase book value, enhance our liquidity position and reduce co
ANN ARBOR, Mich., April 21, 2022 (GLOBE NEWSWIRE) -- Home Point Capital Inc. (NASDAQ:HMPT) (together with its subsidiaries, "Home Point Capital" or the "Company"), the parent entity of Home Point Financial Corporation ("Homepoint"), announced today that it will release its financial results for the first quarter ended March 31, 2022 before the market opens on May 12, 2022. The Company will host a conference call and live webcast to review the Company's financial results on the same day at 8:30 a.m. ET. The conference call may be accessed by dialing (877) 423-9813 (toll-free) or (201) 689-8573 (international), using the passcode 13728623. The number should be dialed at least ten minutes pr
ANN ARBOR, Mich., Feb. 03, 2022 (GLOBE NEWSWIRE) -- Home Point Capital Inc. (NASDAQ:HMPT) (together with its subsidiaries, "Home Point Capital" or the "Company"), the parent entity of Home Point Financial Corporation ("Homepoint"), announced today that it will release its financial results for the fourth quarter and fiscal year ended December 31, 2021 before the market opens on February 24, 2022. The Company will host a conference call and live webcast to review the Company's financial results on the same day at 8:30 a.m. ET. The conference call may be accessed by dialing (877) 423-9813 (toll-free) or (201) 689-8573 (international), using the passcode 13726311. The number should be dialed
Mr. Cooper Group Inc. (NASDAQ:COOP) ("Mr. Cooper") announced today that Heisman Merger Sub, Inc. ("Purchaser"), a wholly owned subsidiary of Mr. Cooper, has extended the expiration date of its offer (the "Offer") to acquire all of the outstanding shares of common stock of Home Point Capital Inc. (NASDAQ:HMPT) ("Home Point"), par value $0.0000000072 per share ("Shares"), for $2.33 per Share, net to the seller in cash, without interest thereon and subject to any required withholding, pursuant to the Agreement and Plan of Merger, dated as of May 10, 2023, by and among Mr. Cooper, Home Point, and Purchaser. The Offer, which was previously scheduled to expire at 5:00 p.m., Eastern Time, on July
Mr. Cooper Group Inc. (NASDAQ:COOP) ("Mr. Cooper") announced today that Heisman Merger Sub, Inc. ("Purchaser"), a wholly owned subsidiary of Mr. Cooper, has extended the expiration date of its offer (the "Offer") to acquire all of the outstanding shares of common stock of Home Point Capital Inc. (NASDAQ:HMPT) ("Home Point"), par value $0.0000000072 per share ("Shares"), for $2.33 per Share, net to the seller in cash, without interest thereon and subject to any required withholding, pursuant to the Agreement and Plan of Merger, dated as of May 10, 2023, by and among Mr. Cooper, Home Point, and Purchaser. The Offer, which was previously scheduled to expire at 5:00 p.m., Eastern Time, on June
Upgrades According to SVB Leerink, the prior rating for Bolt Biotherapeutics Inc (NASDAQ:BOLT) was changed from Market Perform to Outperform. In the first quarter, Bolt Biotherapeutics showed an EPS of $0.45, compared to $0.64 from the year-ago quarter. At the moment, the stock has a 52-week-high of $2.72 and a 52-week-low of $1.18. Bolt Biotherapeutics closed at $1.60 at the end of the last trading period. According to Tudor Pickering, the prior rating for Montauk Renewables Inc (NASDAQ:MNTK) was changed from Sell to Hold. For the first quarter, Montauk Renewables had an EPS of $0.03, compared to year-ago quarter EPS of $0.01. The stock has a 52-week-high of $20.78 and a 52-week-low of $
Home Point Capital (NASDAQ:HMPT) reported quarterly losses of $(0.20) per share which missed the analyst consensus estimate of $(0.10) by 100 percent. This is a 31.03 percent increase over losses of $(0.29) per share from the same period last year. The company reported quarterly sales of $32.40 million which missed the analyst consensus estimate of $35.26 million by 8.11 percent. This is a 79.52 percent decrease over sales of $158.20 million the same period last year.
Home Point Capital (NASDAQ:HMPT) reported quarterly losses of $(0.97) per share which missed the analyst consensus estimate of $(0.10) by 870 percent. This is a 234.48 percent decrease over losses of $(0.29) per share from the same period last year. The company reported quarterly sales of $(107.50 million) which missed the analyst consensus estimate of $35.26 million by 404.88 percent. This is a 167.95 percent decrease over sales of $158.20 million the same period last year.
Credit Suisse analyst Douglas Harter downgrades Home Point Capital (NASDAQ:HMPT) from Outperform to Neutral and lowers the price target from $2.5 to $2.33.
Morgan Stanley analyst James Faucette maintains Home Point Capital (NASDAQ:HMPT) with a Equal-Weight and raises the price target from $1.25 to $2.35.
Morgan Stanley analyst James Faucette maintains Home Point Capital (NASDAQ:HMPT) with a Equal-Weight and raises the price target from $1.25 to $1.35.
https://www.insidemortgagefinance.com/articles/227345-destined-for-sale-eventually-home-point?v=preview
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