General World News

Broker channel war a double-edged sword for Homepoint

For all that executives of Homepoint did say on Thursday’s earnings call, it was what they wouldn’t discuss that drew the most attention.

A week after United Wholesale Mortgage threw a bomb into the wholesale channel by issuing an ultimatum to brokers that has divided the community, Willie Newman, the CEO of Home Point Capital, the parent company of wholesale lender Homepoint, didn’t want to get into it.

“I’m not going to comment on what others are doing,” Newman told analysts and investors on the earnings call, the first one since the details ⇒

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