Tag Archives: anthony hsieh

LoanDepot hires new CFO and parts ways with 4 top managers

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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

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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

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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

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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

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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 →

LoanDepot building purchase loan business as rising rates stunt refis

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Joint ventures with homebuilders and referral relationships with real estate agents are helping fuel loanDepot’s partner channel. Continue reading →

The 20 biggest luxury mountain sales of 2021 (so far)

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Traditional mountain resort towns like Aspen and Vail were extremely popular in 2021 with ultra-rich buyers looking for places to wait out the pandemic. Continue reading →