Homepoint’s gain-on-sale margin plummets
Housing Wire
AUGUST 10, 2021
Weeks after announcing a round of layoffs, wholesale lender Homepoint disclosed a $73 million net loss in the second quarter of 2021. Homepoint , based out of Ann Arbor, Michigan, originated $25.5 The lender’s gain-on-sale margin fell 79% from a year ago, down to just 58 basis points. Become a member today.
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