With headwinds in sight for 2024, loanDepot plans to slash $120 million in annual expenses following three consecutive quarters of cuts, CEO Frank Martell said during a Q3 earnings call Tuesday afternoon.
Source: Inman News
LoanDepot warns more layoffs are coming — but on a smaller scale
Published in economy, frank martell, Industry News, layoffs, loanDepot, Markets & Economy, Mortgage and unemployment
More from economyMore posts in economy »
- Should they stay or go (down) now? Forecasters are split on where mortgage rates will be in 2026
- What is the Federal Reserve, and how does it impact real estate?
- Fed signals it’s just getting started with 1/4 percentage point rate cut
- Homeowners rush to refinance as mortgage rates hit 2025 low
- Most Americans think mortgage rates and home prices have peaked
More from frank martellMore posts in frank martell »
More from Industry NewsMore posts in Industry News »
More from layoffsMore posts in layoffs »
- Ally Financial’s exit from mortgage will impact Better, HouseCanary
- Flagstar shedding 1,900 workers, but many could land at Mr. Cooper
- Side debuts profit-sharing program, lays off staff members
- Redfin lays off nearly 100 Redfin Concierge service employees
- Offerpad confirms layoffs after ‘restructuring’ amid down market
More from loanDepotMore posts in loanDepot »
More from Markets & EconomyMore posts in Markets & Economy »
More from MortgageMore posts in Mortgage »
More from unemploymentMore posts in unemployment »
- Rising inflation makes ‘jumbo’ Fed rate cut unlikely next week
- Massive downward jobs revision not budging mortgage rates
- Mortgage rates plummet to new 2025 low on anemic jobs report
- Homebuyers take a breather as mortgage rates continue to fall
- Mortgage rates drop sharply as Powell shifts stance on rate cuts
Be First to Comment