M&A Deal Summary |
|
|---|---|
| Date | 2022-04-29 |
| Target | Home Point Financial - Delegated Correspondent Channel Assets |
| Sector | Business Services |
| Buyer(s) | Planet Home Lending |
| Sellers(s) | Homepoint |
| Deal Type | Divestiture |
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Planet Home Lending is an approved originator and servicer for FHA, VA, and USDA, as well as a Freddie Mac and Fannie Mae Seller/Servicer, a full Ginnie Mae Issuer and approved sub-servicer and a Standard & Poor's Global Ratings- and Fitch Ratings-rated special and prime residential servicer. The company's correspondent division offers a full suite of government, agency, and niche home loans. It is also a special servicer managing diverse investor portfolios. Its customized servicing solutions maximize asset recovery and optimize performance through active management at the portfolio and loan levels. Planet Home Lending is based in Irving, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector: Business Services M&A | 1 of 2 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Michigan M&A | 1 of 1 |
| Country: United States M&A | 1 of 2 |
| Year: 2022 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-01 |
Platinum Home Mortgage
Hoffman Estates, Illinois, United States Platinum Home Mortgage is a privately-held mortgage company that offers traditional and innovative home financing solutions. It is currently licensed and operating in 50 states, including the District of Columbia. Platinum Home Mortgage was formed in 1993 and is based in Hoffman Estates, Illinois. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2014 |
| Sector | Financial Services |
Homepoint is a mortgage banking business that is focused on residential mortgage origination, servicing, and asset management. Homepoint was founded in 2014 and is based in Ann Arbor, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Business Services M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Michigan M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2022 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-01-27 |
Stonegate Mortgage
Indianapolis, Indiana, United States Stonegate Mortgage Corporation is a specialty financial services firm focused on the U.S. residential mortgage market. Founded in 2005, Stonegate Mortgage originates, finances and services agency and non-agency residential mortgages through its network of retail offices and approved third party originators. Stonegate Mortgage also provides financing through its fully integrated warehouse lending platform, NattyMac. Stonegate Mortgage’s operational excellence, financial strength and commitment to technology have positioned the firm as a leading provider in the emerging housing finance market. |
Buy | $211M |
