Mr. Cooper Group Acquires Home Point Capital

Mr. Cooper Group Inc. completed a tender-offer acquisition of Home Point Capital Inc., acquiring approximately 98.5% of outstanding shares and merging Home Point into a Mr. Cooper subsidiary to make it a wholly owned subsidiary. The deal (previously announced at ~$324 million) increases Mr. Cooper's scale in mortgage origination and servicing and includes the assumption of $500 million in bonds while not materially impacting liquidity.