– Homepoint is suing seven correspondent mortgage lenders, claiming they breached the terms of the correspondent agreement.
– The suit alleges the defendants failed to properly service the loans, which caused Homepoint to lose money.
– Homepoint is seeking damages of more than $1 million from each of the defendants.

You can read this full article at: https://www.housingwire.com/articles/defunct-homepoint-sues-correspondent-lenders-for-over-4-6m/(subscription required)

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