Ann Arbor’s Homepoint Mortgage Business Sold to The Loan Store

The Detroit News, Apr. 7, 2023–Breana Noble
Ann Arbor, Mich.-based Home Point Capital announced Friday it will sell its wholesale mortgage originations channel–the bulk of its business–to The Loan Store Inc., a private national wholesale lender headquartered in Arizona. It’s another sign of contraction in the mortgage sector from a smaller, more competitive market because of rising interest rates.