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The merger with Capitol Investment V values the title insurer at $3 billion.

As its mortgage origination volume delivered another quarter of strong earnings, Mr. Cooper’s banking on its "enormous backlog" of REO orders to generate further profitability once the foreclosure moratorium is lifted.

The offering went down to $14 from an anticipated $19 to $21 per share.

The agreement would generate $250 million in proceeds, which the nonbank mortgage company plans to use to pay down and refinance existing debt, while also investing in its servicing and origination businesses.

But the company sees reasons to be optimistic about the second half of the year, CEO and Chairman Michael Nierenberg said during its fourth quarter earnings call

The deal definitively ends a monthslong war of words between the data provider and stakeholders who attempted a hostile takeover.

Pretax operating margins came in much narrower than what is projected for the three stand-alone underwriters.

This is the third nonbank mortgage company offering in a row to decrease its size, but the reductions were more severe than the others.

While it is looking for a higher price per share, the company will be selling fewer shares on its own behalf.

The former No. 2 at Countrywide had been battling brain cancer prior to passing away from the coronavirus.

The expected pricing range is between $19 and $21 per share if all 14.4 million shares to be offered are sold.

United Wholesale Mortgage is the third nonbank lender to complete the process of going public since the wave of announcements started last year.

A portion of the proceeds from the offering, announced days following its IPO filing, will go toward the repayment of its mortgage servicing facility.

But will the company's second attempt to go public come to fruition in a market where two lenders already put their offerings on hold?

The company had canceled its planned pricing of the deal at the end of October over stock market volatility.

The number of nonbank mortgage lenders who launched IPOs or merged with SPACs took off like a rocket in the second half of the year.

Company CEO Michael Nierenberg previously commented the real estate investment trust's parts could be worth more than the whole.

After ending their hostile bid, the two investors continued their push for greater control of the mortgage technology company.

The substantial Series D fundraise fuels speculation on whether Better.com will be the next mortgage company to hop on the IPO trend.

Freddie Mac representatives would not comment on the sudden resignation of Brickman. Interim CEO Michael Hutchins has served as Freddie’s executive vice president of investments and capital markets since January 2015.