Items Tagged with 'Stonegate Mortgage'

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  • Home Point Financial sells reverse mortgage division to Huron Valley Financial

    Latest in series of moves for Home Point since Stonegate Mortgage acquisition
    The last few weeks have been quite busy for Home Point Financial. First, the lender completed its $211 million acquisition of Stonegate Mortgage Corp. Earlier this week, Home Point announced that it is planning to grow its third-party origination channel. But those aren’t the only changes for Home Point, as Huron Valley Financial announced this week that it acquired Home Point’s reverse mortgage division.
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  • Home Point Financial shuffles executive team in wake of Stonegate acquisition

    Several former Stonegate execs join Home Point
    Last week, as Home Point Financial finalized its $211 million acquisition of Stonegate Mortgage, Stonegate announced that several of its top executives were resigning in coordination with the deal. Included among those was Jim Smith, who stepped down from his positions as chief executive officer and president of Stonegate, but became the chief operating officer at Home Point. And it turns out that Smith isn’t the only Stonegate executive making the transition to Home Point.
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  • Home Point Financial completes Stonegate Mortgage acquisition

    Stonegate also begins delisting procedures from NYSE
    Home Point Financial Corp.’s $211 million acquisition of Stonegate Mortgage Corp. is now complete, as disclosed in a filing with the Securities and Exchange Commission. As a result of the deal, Stonegate is now wholly owned direct subsidiary of Home Point. Here's all the details.
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  • Here's the bright spot in Stonegate Mortgage's tough 1Q

    This helps offset massive MSR loss
    Stonegate Mortgage didn’t get away from the financial impact of the first quarter’s historically low interest rates, which already dented the performance of most other lenders. But the results weren't fully marred by bad news. Here's one area where the lender performed better.
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  • Stonegate names James Smith CEO after position abruptly left open

    Previously served as Stonegate's president and chief operating officer
    Stonegate Founder and former CEO Jim Cutillo announced in August that his last day would be Sept. 10, 2015. As Cutillo was transitioning out, the lender almost simultaneously announced that Smith had joined the company as president and chief operating officer. Now roughly six months later, Smith is officially the new CEO.
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