Brief: Home Point Capital Unit Terminated Mortgage Warehouse Agreement

Home Point Capital

16/06/2023 21:46

June 16 (Reuters) - Home Point Capital Inc  HMPT.O :
    * HOME POINT CAPITAL - ON JUNE 15, UNIT TERMINATED MORTGAGE
WAREHOUSE AGREEMENT DATED AS OF SEPTEMBER 1, 2021 BY AND BETWEEN
UNIT, TEXAS CAPITAL BANK
    * HOME POINT CAPITAL INC - TCB REPURCHASE AGREEMENT PROVIDED
FOR
MAXIMUM AGGREGATE PURCHASE PRICE OF $450 MILLION
    * HOME POINT CAPITAL INC - PARTIES MUTUALLY AGREED TO
TERMINATE
TCB REPURCHASE AGREEMENT PRIOR TO ITS SCHEDULED MATURITY DATE OF
AUGUST 19
    * HOME POINT CAPITAL INC - UNIT DID NOT INCUR ANY EARLY
TERMINATION PENALTIES
    * HOME POINT CAPITAL INC - ON JUNE 15, UNIT TERMINATED
MASTER LOAN
PURCHASE AND SERVICING AGREEMENT DATED AS OF AUGUST 6, 2020 BY
AND BETWEEN UNIT, TCB
    * HOME POINT CAPITAL INC - PARTIES MUTUALLY AGREED TO
TERMINATE
TCB EBO REPURCHASE AGREEMENT

Further company coverage:  HMPT.O 

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