Home Point Capitol reported $29 billion in origination volume in the first quarter of 2021 and a net income of $149 million, per the company’s earnings report. That origination volume is a 260% increase year over year, said Willie Newman, CEO and president of Home Point Capital, parent company of wholesale lender Homepoint, and up 23% over the fourth quarter.

However, the company’s gain on sale margin fell from $200 million last quarter to $128 million this quarter, and revenue and net income both decreased as well — from $453 million to $422 million, and details ⇒

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