Since returning in July as CEO of the company he founded, Anthony Hsieh has cleaned house, hiring or promoting 10 executives who can help take loanDepot “back to our roots.” Continue reading
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
Pending $25 million settlement of January cyberattack adds to $66 million second-quarter net loss, but executives say they’re in a better position to grow after selling $29 billion in mortgage servicing rights. Continue reading
In addition to $15 million in direct costs, loanDepot says it lost an additional $22 million in revenue while systems were down, contributing to $72 million net loss. Continue reading
CEO Frank Martell recruits former CoreLogic colleague David Hayes as losses pile up and mortgage originations hit another new low. Continue reading