Tag Archives: frank martell

A call for change is center stage this summer. Join the movement

By | | Uncategorized
Comments Off on A call for change is center stage this summer. Join the movement

Anchored by industry leaders, top performers and advocacy, Inman Connect Las Vegas is primed to be a catalyst for changing real estate. Continue reading →

LoanDepot trims 2023 net loss by 37%, retains ‘strong liquidity profile’

By | | Uncategorized
Comments Off on LoanDepot trims 2023 net loss by 37%, retains ‘strong liquidity profile’

As mortgage rates soared last year, loanDepot saw 2023 loan origination volume plunge by 58 percent from the year before, to $22.7 billion. Continue reading →

LoanDepot warns more layoffs are coming — but on a smaller scale

By | | Uncategorized
Comments Off on LoanDepot warns more layoffs are coming — but on a smaller scale

With headwinds in sight for 2024, loanDepot plans to slash $120 million in annual expenses following three consecutive quarters of cuts, CEO Frank Martell said during a Q3 earnings call Tuesday afternoon. Continue reading →

LoanDepot hires new CFO and parts ways with 4 top managers

By | | Uncategorized
Comments Off on LoanDepot hires new CFO and parts ways with 4 top managers

CEO Frank Martell recruits former CoreLogic colleague David Hayes as losses pile up and mortgage originations hit another new low. Continue reading →

LoanDepot founder gets wish: Ozonian joins board after face-off

By | | Uncategorized
Comments Off on LoanDepot founder gets wish: Ozonian joins board after face-off

The settlement with loanDepot founder Anthony Hsieh ends a proxy fight that broke out in February after Hsieh was ousted as loanDepot’s executive chairman. Continue reading →

LoanDepot founder Anthony Hsieh determined to shake up board

By | | Uncategorized
Comments Off on LoanDepot founder Anthony Hsieh determined to shake up board

After being ousted as executive chair, Hsieh says he controls enough voting shares to install veteran real estate executive Steve Ozonian on the mortgage lender’s board of directors. Continue reading →

LoanDepot losses mount as company continues to shed workers

By | | Uncategorized
Comments Off on LoanDepot losses mount as company continues to shed workers

The beleaguered mortgage lender racks up a $610.4 million 2022 net loss despite cutting 6,100 jobs as rising mortgage rates cut into the company’s lucrative refinancing business. Continue reading →

LoanDepot founder Anthony Hsieh ousted as executive chairman

By | | Uncategorized
Comments Off on LoanDepot founder Anthony Hsieh ousted as executive chairman

The founder is in a spat with the board after nominating real estate veteran Steve Ozonian to serve on the floundering mortgage lender’s board of directors. Continue reading →