---
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"
generated_at: "2026-06-16T03:47:59.213461+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Home Point Capital completes sale of origination assets to The Loan Store; expects $30M pre-tax charges

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-022503
- form_type: 8-K
- cik: 0001830197
- company_name: Home Point Capital Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 2.05
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-022503
- JSON: https://secwatch.observer/filing/0001140361-23-022503.json
- Plain text: https://secwatch.observer/filing/0001140361-23-022503.txt

## Key facts
- M&A Transactions
  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).
  - Action: disposition
  - Counterparty: The Loan Store, Inc.
  - Consideration: issued shares of Buyer Common Stock at the closing of the transaction, representing 9.99% of the issued and outstanding equity of Buyer
  - Closing: 2023-05-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1830197/000114036123022503/0001140361-23-022503-index.htm
- Material Agreements
  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).
  - Action: amendment
  - Agreement: asset purchase
  - Counterparty: The Loan Store, Inc.
  - Value: Issuance of shares of Buyer Common Stock representing 9.99% of outstanding equity
  - Effective: 2023-05-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1830197/000114036123022503/0001140361-23-022503-index.htm
- Restructurings & Charges
  Home Point Capital Inc. announced a restructuring with charges of approximately $30 million affecting direct participation in the originations market.
  - Type: restructuring
  - Charge: approximately $30 million
  - Affected area: direct participation in the originations market
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1830197/000114036123022503/0001140361-23-022503-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.