{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-022503","form_type":"8-K","ticker":null,"cik":"0001830197","company_name":"Home Point Capital Inc.","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.970139+00:00","generated_at":"2026-06-16T03:47:59.213461+00:00","sec_items":["1.01","2.01","2.05"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Home Point Capital completes sale of origination assets to The Loan Store; expects $30M pre-tax charges","bullets":["Sold third-party mortgage loan origination business assets to The Loan Store, Inc. effective May 1, 2023.","Consideration was 9.99% equity stake in Buyer instead of previously planned warrants.","Company exits originations after nine years; will focus exclusively on mortgage servicing rights.","Expects pre-tax charges of approx. $30M, including $10M cash; charges in first half of 2023.","Charges include $10M severance, $15M vendor contract terminations, and $5M fixed asset impairment."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-022503","json":"https://secwatch.observer/filing/0001140361-23-022503.json","markdown":"https://secwatch.observer/filing/0001140361-23-022503.md","text":"https://secwatch.observer/filing/0001140361-23-022503.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1830197/000114036123022503/0001140361-23-022503-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1830197/000114036123022503/brhc20052383_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T03:47:59.213461+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0de5d0dafe8dcf4d977eaba2ff993b8aa7443b36","claim":"Home Point Capital Inc. completed a disposition involving The Loan Store, Inc. for issued shares of Buyer Common Stock at the closing of the transaction, representing 9.99% of the issued and outstanding equity of Buyer (closed 2023-05-01).","evidence_excerpt":"Amendment, in lieu of issuing HPF warrants to purchase shares of Buyer Common Stock, Buyer issued shares of Buyer Common Stock at the closing of the transaction, representing 9.99% of the issued and outstanding equity of Buyer, on a fully-diluted, as-converted basis measured as of May 1, 2023. The foregoing description of the First Amendment does not","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830197/000114036123022503/0001140361-23-022503-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"The Loan Store, Inc."},{"label":"Consideration","value":"issued shares of Buyer Common Stock at the closing of the transaction, representing 9.99% of the issued and outstanding equity of Buyer"},{"label":"Closing","value":"2023-05-01"}],"fact_type":"ma_transaction"},{"claim_id":"90b9f671d834e615de95c70bcdca1da41a25478f","claim":"Home Point Capital Inc. amended First Amendment to the Asset Purchase Agreement with The Loan Store, Inc. valued at Issuance of shares of Buyer Common Stock representing 9.99% of outstanding equity (effective 2023-05-01).","evidence_excerpt":"HPF and the Buyer entered into a First Amendment to the Purchase Agreement (the “ First Amendment ”) to, among other things, update disclosure schedules listing the Purchased Assets, correct scriveners errors and to change the form of purchase consideration.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830197/000114036123022503/0001140361-23-022503-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"The Loan Store, Inc."},{"label":"Value","value":"Issuance of shares of Buyer Common Stock representing 9.99% of outstanding equity"},{"label":"Effective","value":"2023-05-01"}],"fact_type":"material_agreement"},{"claim_id":"cb3dc9cdcaed5b50dd4752f8e453a43a62570035","claim":"Home Point Capital Inc. announced a restructuring with charges of approximately $30 million affecting direct participation in the originations market.","evidence_excerpt":"the Company currently expects to incur pre-tax charges of approximately $30 million, of which the Company expects that approximately $10 million will be cash expenditures. Of the aggregate pre-tax charges, the Company estimates approximately $10 million will consist of employee severance, retention and related benefits; approximately $15 million will consist of vendor contract terminations and other costs; and approximately $5 million will consist of non-cash charges for the impairment of fixed assets.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1830197/000114036123022503/0001140361-23-022503-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $30 million"},{"label":"Affected area","value":"direct participation in the originations market"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}