General World News

Homepoint winds down Ginnie Mae loan-servicing business

HW+ Willie Newman
Home Point Financial President and CEO Willie Newman

Mortgage lender Home Point Financial, which does business as Homepoint, is poised to exit the Ginnie Mae mortgage-servicing rights market, according to its CEO and filings with the Securities and Exchange Commission.

Homepoint, in an SEC filing in early November, revealed that its third-quarter financials were boosted by $122 million earned on the sale of mortgage-servicing rights, or MSRs, for an $11 billion portfolio of single-family mortgages “serviced for the Government National Mortgage Association,” or Ginnie Mae. 

In a separate SEC details ⇒

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