Home Point Financial Corp. has terminated a master repurchase agreement and securities contract with Credit Suisse First Boston Mortgage Capital and Morgan Stanley Bank, according to filings with the Securities and Exchange Commission.

The financing arrangement was struck on June 3, 2020 with the maximum aggregate borrowing authority totaling $300 million, according to Home Point’s 8-K filing disclosed on Tuesday. 

Another SEC filing from last month showed that Home Point, the corporate entity that controls wholesale lender Homepoint, terminated a master repurchase agreement and securities contract with Morgan Stanley Bank. The financing arrangement was also dated June 3, 2020. The agreement details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com