Tag Archives: frank martell

LoanDepot founder Anthony Hsieh ousted as executive chairman

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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 →

After cutting Q3 losses, loanDepot has sights set on breaking even

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The troubled lender has shed 5,200 workers through layoffs and attrition and is instituting other cost-cutting measures aimed at trimming $400 million in annual expenses by the end of the year. Continue reading →

LoanDepot accelerating layoffs, exiting wholesale business

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The lender plans to boost revenue by growing purchase loan business and loan servicing portfolio, with digital HELOC also in the works, according to a second-quarter earnings call. Continue reading →

LoanDepot to shed 4,800 workers in 2022 in bid to return to profitability

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Lender hopes to cut up to $400 million in annual expenses and become profitable by the end of 2022 after rising mortgage rates gut profitable refinancing business. Continue reading →

US home price growth turbo charges to historic 45-year record

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The upward spiral continued as home prices surged a record 18 percent year over year in October to the highest growth rate in the 45-year history of CoreLogic’s Home Price Index. Continue reading →

Foreclosure rate falls to 22-year low with every US state tallying declines

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The foreclosures rate fell to 0.2 percent in June 2021 from 0.3 percent the previous year, according to data released Tuesday from CoreLogic. Continue reading →

Home price growth soars to an all-time high in July

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Home price growth in July soared a record-shattering 18 percent year over year, the highest price appreciation recorded since CoreLogic began tracking the metric in 1976. Continue reading →