H
Homecomings Mortgage & Equity
United States
Founded in
2022 (4 Years)
Founded
Last online: No recent activity
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A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Homecomings Mortgage & Equity
Company Information
Get to know Homecomings Mortgage & Equity
Originally founded in 1995, Homecomings Financial Network Inc. grew to become one of the largest subprime mortgage lenders in the United States. It was acquired by Residential Capital, LLC (ResCap), a subsidiary of GMAC (later Ally Financial). The company specialized in originating and servicing non-conforming residential mortgage loans, often for borrowers with lower credit scores. During the housing boom of the 2000s, it was a major player in the securitization of these mortgages. The collapse of the subprime mortgage market during the 2008 financial crisis severely impacted the company and its parent. ResCap filed for bankruptcy in 2012, leading to the wind-down of Homecomings' operations and the sale of its remaining mortgage servicing rights, primarily to Ocwen Financial Corp.
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- Financial Other ServicePRIMARY
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