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.
Source: Inman News
LoanDepot losses mount as company continues to shed workers
Published in 2022 earnings, frank martell, Industry News, loanDepot, Mortgage, mortgage lender and Select
More from frank martellMore posts in frank martell »
- LoanDepot revamps leadership as it fights steering allegations
- Back as CEO, loanDepot founder has his work cut out for him
- LoanDepot boosts lending and profit margins, trims Q1 loss
- LoanDepot shares slip on $67M Q4 2024 net loss, tepid Q1 outlook
- Hsieh returns to LoanDepot as Frank Martell steps down as CEO
More from Industry NewsMore posts in Industry News »
- Will Anywhere merger launch M&A arms race? It’s not yet clear: Intel
- Zillow defends private listing rule, criticizes Compass in new filing
- NAR’s Kevin Sears: We need to ‘show everybody that we as Realtors are pro-consumer’
- Despite unease, Compass poised to retain most Anywhere agents
- New Opendoor CEO’s plan: ‘Buy more good homes and get more good sellers through our funnel’
More from loanDepotMore posts in loanDepot »
More from MortgageMore posts in Mortgage »
- 8 reasons you should never recommend a 50-year mortgage
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- FICO scores, magic phrases, earnings digs: Inman Top 5
- Homebuilders’ rate buydowns are leaving buyers underwater: WSJ
- Stop freaking out about 50-year mortgages. They might save the housing market
More from mortgage lenderMore posts in mortgage lender »
- Don’t let buyer clients skip student loan payments during shutdown
- Could your lender co-marketing violate RESPA? The Download
- Former Zillow mortgage originator sues over alleged wages issues
- Always growing: Surround yourself with trusted advisors
- How mortgage brokers and lenders can be better partners to agents
More from SelectMore posts in Select »
Be First to Comment