In October 2018, Homepoint announced that it would be selling its servicing and origination assets to The Loan Store. The move came after Homepoint revealed it would be shuttering its doors.
The Loan Store is a subsidiary of Ocwen Financial.
The move will result in the loss of jobs for some Homepoint employees. The company has not yet announced how many jobs will be lost.
The sale is expected to close in the first quarter of 2019.
You can read this full article at: https://www.housingwire.com/articles/homepoint-to-shut-down-sell-assets-to-the-loan-store/(subscription required)
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