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Home Point Capital, the parent company of wholesale lender Homepoint, turned a $19.3 million profit in the fourth quarter, a sequential decline from the $71 million it notched in the third quarter as margins dropped and revenues fell.
The lender told investors Thursday morning that the gain-on-sale margin fell to just 59 basis points, a decline from 84 bps in Q3 and 216 bps details ⇒
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