Dallas-based Mr. Cooper Group has agreed to acquire Michigan-based Home Point Capital for $324 million and will take on $500 million of Home Point’s outstanding debt. So reports The Real Deal.
Home Point, 2022’s third-biggest wholesale lender by origination volume, brings 301,000 customers to the mortgage giant.
In April, Mr. Cooper acquired Rushmore Loan Management Services’ residential mortgage servicing platform.
Read the full article from The Real Deal.