Privately held mortgage firms looking to raise capital by selling stock to the public face a grim reality these days, but alternatives still exist, namely private placement deals. Case in point is RoundPoint Mortgage, Charlotte, NC, the nation’s 15th largest subservicing vendor. Earlier this week, RoundPoint completed a $94 million capital raise accomplished through the sale of convertible preferred stock. The investor in the private placement was not identified. The company ...
It will be the 11th issuance of its type by loanDepot.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.