Tag Archives: anthony hsieh

LoanDepot shares slip on $67M Q4 2024 net loss, tepid Q1 outlook

By Matt Carter | March 11, 2025 - 9:04 pm |March 11, 2025 Uncategorized

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While mortgage originations were up 34 percent from a year ago, to $7.2 billion, company executives said they don’t expect lending to surpass $5.5 billion in Q1 2025. Continue reading →

Hsieh returns to LoanDepot as Frank Martell steps down as CEO

By Lillian Dickerson | March 7, 2025 - 8:37 pm |March 7, 2025 Uncategorized

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Martell will transition into a board advisory role by June and Anthony Hsieh will return to the executive leadership team after the board ousted him in 2023, officials announced Thursday. Continue reading →

LoanDepot hires new CFO and parts ways with 4 top managers

By Matt Carter | June 5, 2023 - 9:34 pm |June 5, 2023 Uncategorized

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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 Matt Carter | April 5, 2023 - 9:14 pm |April 5, 2023 Uncategorized

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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 Matt Carter | March 9, 2023 - 11:54 pm |March 9, 2023 Uncategorized

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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 founder Anthony Hsieh ousted as executive chairman

By Matt Carter | February 8, 2023 - 9:36 pm |February 8, 2023 Uncategorized

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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 →

LoanDepot accelerating layoffs, exiting wholesale business

By Matt Carter | August 15, 2022 - 9:13 pm |August 15, 2022 Uncategorized

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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

By Matt Carter | July 12, 2022 - 5:21 pm |July 12, 2022 Uncategorized

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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 →

LoanDepot to lay off workers as originations plunge 48%

By Matt Carter | May 10, 2022 - 7:39 pm |May 10, 2022 Uncategorized

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LoanDepot will lay off workers and suspend its quarterly dividend after posting a $91.3 million first quarter loss. Continue reading →

LoanDepot founder Anthony Hsieh hands CEO reins to Frank Martell

By Matt Carter | April 26, 2022 - 6:24 pm |April 26, 2022 Uncategorized

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Former CoreLogic CEO Frank Martell will oversee loanDepot’s daily operations while Hsieh will continue to play “holistic strategic role” as executive chairman. Continue reading →