Mr. Cooper on Tuesday reported that it closed its acquisition of Home Point Capital through a vehicle called Heisman Merger Sub following the expiration of a final tender offer.
Roughly 98.5% of HPC’s shares were tendered prior to the expiration, and all conditions of the offer were satisfied, according to a press release issued by Mr. Cooper.
Bonnie Sinnock is National Mortgage News' Capital Markets Editor at Arizent and has worked for NMN and affiliated publications since 1995. Her previous roles have included assisting in the … Read full bio
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NEXA Lending also welcomed Andrew Deyo as leader of its Business Development Marketing program, and Flyhomes added three members to its leadership team.
Agency activity dropped off by 4% in September while non-qualified mortgage issuance was down 18% in the third quarter versus the prior period, BTIG said.
The investment banking giant has a hefty amount of excess capital, some of which is being used to meet client demand. At the same time, the company is open to opportunities to do bolt-on acquisitions, CEO Ted Pick said.
However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
Rithm and UWM Holdings are the favorite names among publicly traded lenders, while BTIG adds coverage of Better Home & Finance at a buy rating.
