Investors bid up mortgage lender's price per share by 21% after company says deal with investor SB Northstar LP will improve its balance sheet and better position it for a return to profitability
CEO Vishal Garg is optimistic about the future after cutting mortgage lender's annual net loss by 61%, to $206M, growing loan production by 19%, to $3.6B, and revenue by 50%, to $108M