Inactive Instrument

Home Point Capital Inc.

HMPT

US43734L1061

Home Point Capital Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022

March 09, 2023 at 06:02 am EST

Home Point Capital Inc. reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported revenue was USD 19.2 million compared to USD 180.5 million a year ago. Net loss was USD 36.8 million compared to net income of USD 19.3 million a year ago.

Basic loss per share from continuing operations was USD 0.27 compared to basic earnings per share from continuing operations of USD 0.14 a year ago. Diluted loss per share from continuing operations was USD 0.27 compared to diluted earnings per share from continuing operations of USD 0.14 a year ago.

Latest news about Home Point Capital Inc.

Home Point Capital Inc.(NasdaqGS:HMPT) dropped from NASDAQ Composite Index	23-08-01	CI
Mr. Cooper Group Inc. completed the acquisition of Home Point Capital Inc..	23-07-30	CI
Mr. Cooper Group Extends Tender Offer to Acquire Home Point Capital to July 31	23-07-24	MT
Mr. Cooper Group Unit Extends Expiration Date of Tender Offer for Home Point Capital Acquisition	23-06-28	MT
North American Morning Briefing : Hopes Build for -3-	23-05-15	DJ
Credit Suisse Downgrades Home Point Capital to Neutral From Outperform on Heels of Announced Sale to Mr. Cooper Group, Lowers PT to $2.33 From $2.50	23-05-12	MT
Earnings Flash (HMPT) HOME POINT CAPITAL Reports Q1 Revenue ($107.5M)	23-05-12	MT
Home Point Capital Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-12	CI
Morgan Stanley Adjusts Price Target on Home Point Capital to $2.35 From $1.25, Maintains Equal-Weight Rating	23-05-11	MT
Mr. Cooper Group Inc. signed a definitive agreement to acquire Home Point Capital Inc. for approximately $320 million.	23-05-09	CI
Goldman Sachs Adjusts Price Target on Home Point Capital to $1.50 From $1.35, Maintains Sell Rating	23-03-14	MT
Wedbush Lifts Home Point Capital's PT to $2 From $1.50, Raises Estimates Owing to Lower Amortization, Operating Expense Assumptions; Keeps Neutral Rating	23-03-10	MT
Tranche Update on Home Point Capital Inc.'s Equity Buyback Plan announced on February 24, 2022.	23-03-09	CI
Transcript : Home Point Capital Inc., Q4 2022 Earnings Call, Mar 09, 2023	23-03-09
Home Point Capital Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022	23-03-09	CI
Home Point Capital Inc. Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-09	CI
North American Morning Briefing : Rising Yields -3-	23-03-02	DJ
Home Point Capital Inc Announces Resignation of Mark E. Elbaum as Chief Financial Officer, Effective April 3, 2023	23-03-01	CI
Home Point Capital Inc.'s Equity Buyback announced on February 24, 2022 has expired with 1,179,796 shares, representing 0.85% for $3.75 million	22-12-30	CI
Phillip M. Miller to Resign as Chief Operating Officer Of Home Point Capital Inc., Effective December 31, 2022	22-12-16	CI
Morgan Stanley Adjusts Price Target on Home Point Capital to $1.25 From $3.50, Maintains Equal-Weight Rating	22-12-16	MT
Stock Selection in Payments, IT Services, Consumer Finance 'More Critical Than Ever' Amid Recession Risks, BofA Says	22-12-13	MT
Waterfall Victoria Master Fund, Ltd, managed by Waterfall Asset Management, LLC completed the acquisition of Home Point Asset Management LLC from Home Point Capital Inc. for $3.2 million.	22-12-01	CI
UBS Adjusts Home Point Capital Price Target to $2 From $3.50, Maintains Neutral Rating	22-11-22	MT
Credit Suisse Trims Home Point Capital's PT to $3.50 From $4 to Reflect Continued Challenging Environment, Keeps Outperform Rating	22-11-21	MT

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Company Profile

Home Point Capital Inc. is a residential mortgage originating and servicing company. The Company's segments include Origination and Servicing. Its Origination segment sources loans through two production channels: Direct and Wholesale. The Direct channel provides its existing servicing customers with various financing options. The Wholesale channel consists of mortgages originated through a nationwide network of broker partners. Its Servicing segment consists of collecting loan payments, remitting payments to investors, sending monthly statements, managing escrow accounts, and managing and disposing of foreclosed properties. It originates and sells residential mortgage loans in the secondary market and typically retains the right to service the loans sold. Its mortgage servicing rights (MSRs) give the Company the contractual right to receive service fees and other remuneration in exchange for performing loan servicing functions on behalf of investors in mortgage loans and securities.

Sector

Consumer Lending

Calendar

2024-05-09 - Q1 2024 Earnings Release (Projected)

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