Stonegate Mortgage Corporation is a leading non-bank integrated mortgage company. It is directed on originating, acquiring and selling US mortgage loans. It is also focused on financing and servicing said loans. Today, the company announced its planned initial public offering (IPO) of its common stock.
Stonegate was founded in 2005 and focused on the US residential mortgage market. It also served non-agency residential mortgages through a network of retail offices. The company also provided financing through its fully integrated warehouse lending platform, NattyMac.
The initial public offering of Stonegate's common stock is expected to commence after the Securities and Exchange Commission (SEC). This was after the firm's confidential submission of its draft registration statement. The said draft was submitted last June 28, 2013. The number of shares and the price range for the IPO were not disclosed in the said statement. The submitted draft would still be subjected under market and other considerations.
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