Home Point sold in tough market

BY NICK MANES

As a company that was formed by private equity and grew via acquisition, the quick breakup and sale of mortgage lender Home Point Financial makes for an ironic nish.

But it was also something of an unlikely nish in today’s beleaguered mortgage lending climate, and provides an exit for large investors who made money via an initial public o ering at the top of the market but saw the value of their remaining stakes plummet by more than 80 percent.

Ann Arbor-based Home Point announced late Wednesday that it would wind down operations fol-