Announced
Completed
Financials
Tags
Public
Single Bidder
Mortgage Finance
United States
mortgage services
Majority
Friendly
Acquisition
Domestic
Completed
Synopsis
Mr. Cooper, a customer-centric servicing, origination and transaction-based services provider, completed the acquisition of Home Point Capital, a residential mortgage servicing company, for $324m. "This acquisition adds scale to our platform, bringing us closer to our $1tn strategic target, while enhancing returns due to attractive yields and positive operating leverage," Jay Bray, Mr. Cooper Chairman and CEO.
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