Detroit [meaning metro Detroit here] has long been touted as the Auto Capitol, but can it now think about laying claim to being the Lending Capitol too.

This week saw the announcement of Home Point Capital Inc., becoming Southeast Michigan's newest publicly traded mortgage company, following in the steps of Detroit-based Rocket Companies Inc. in August and Pontiac-based UWM Corp. earlier this month, the No. 1 and No. 2 mortgage lenders in the nation, respectively. Add in Detroit-based Ally Financial [the former GMAC] and we're looking at tens of thousands of jobs and a consequent diversification of our economy.

https://www.crainsdetroit.com/financ...s-public-today