Home Point Capital surprised the market on April 7 when it announced that the acquirer of its struggling mortgage origination business was a small wholesale shop few had even heard of. The Loan Store, based in Arizona and accustomed to originating about $20 million a month, was picking up the pieces of the third-largest wholesale lender in the country?

Really.

“We wanted to find a platform where the capital, the ownership structure, was long term, meaning we were looking for a group of individuals that owned a mortgage entity to operate in perpetuity, and there was no details ⇒

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