loanDepot reports loss of $91.3M in Q1
loanDepot reports loss of $91.3M in Q1
Loan origination volume dropped 26% to $21.6 billion from the previous quarter, bringing the company’s market share down to 3.1%.
The post loanDepot reports loss of $91.3M in Q1 appeared first on HousingWire.
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Loan origination volume dropped 26% to $21.6 billion from the previous quarter, bringing the company’s market share down to 3.1%.
The post loanDepot reports loss of $91.3M in Q1 appeared first on HousingWire.
Loan origination volume dropped 26% to $21.6 billion from the previous quarter, bringing the company’s market share down to 3.1%.
The post loanDepot reports loss of $91.3M in Q1 appeared first on HousingWire.
Forecasting that it will not turn a profit in the fiscal year of 2022, the company plans to make job cuts, suspend dividends and introduce new products.
Forecasting that it will not turn a profit in the fiscal year of 2022, the company plans to make job cuts, suspend dividends and introduce new products.
loanDepot says it expects origination volumes to fall to between $4 billion and $7 billion in the fourth quarter, a sharp decline.
loanDepot says it expects origination volumes to fall to between $4 billion and $7 billion in the fourth quarter, a sharp decline.
loanDepot mortgage review showing how loanDepot compares to other top lenders for mortgage rates, customer service, and loan options.
loanDepot mortgage review showing how loanDepot compares to other top lenders for mortgage rates, customer service, and loan options.
Just days after it provided top executives big bumps in pay, loanDepot told workers that it was suspending its 401(k) match.
The post loanDepot suspends 401(k) match for employees while boosting exec pay appeared first on HousingWire.
Just days after it provided top executives big bumps in pay, loanDepot told workers that it was suspending its 401(k) match.
The post loanDepot suspends 401(k) match for employees while boosting exec pay appeared first on HousingWire.
Add Guild Mortgage to the list of lenders with profitability propelled by the servicing portfolio in the first quarter.
The post Guild Mortgage reports a $208M profit in Q1 appeared first on HousingWire.
Add Guild Mortgage to the list of lenders with profitability propelled by the servicing portfolio in the first quarter.
The post Guild Mortgage reports a $208M profit in Q1 appeared first on HousingWire.
The Co-operative Bank has reported that mortgage balances remained stable in a competitive market during the first quarter of the year with a liquidity coverage ratio of 230.5%. The Q1 2022 results also showed that net mortgage growth for the first quarter of the year stood at £72m as it actively reduced new business volumes ...
This story continues at Co-operative Bank reports stable mortgage balances in Q1
Or just read more coverage at Mortgage Finance Gazette
The Co-operative Bank has reported that mortgage balances remained stable in a competitive market during the first quarter of the year with a liquidity coverage ratio of 230.5%. The Q1 2022 results also showed that net mortgage growth for the first quarter of the year stood at £72m as it actively reduced new business volumes ...
This story continues at Co-operative Bank reports stable mortgage balances in Q1
Or just read more coverage at Mortgage Finance Gazette
loanDepot will unveil a HELOC through its mello business unit
The post loanDepot plans to launch ‘digital’ HELOC in Q3 appeared first on HousingWire.
loanDepot will unveil a HELOC through its mello business unit
The post loanDepot plans to launch ‘digital’ HELOC in Q3 appeared first on HousingWire.
While the company improved on the prior quarter’s results, efficiency measures including layoffs failed to make up for less favorable secondary market conditions.
While the company improved on the prior quarter’s results, efficiency measures including layoffs failed to make up for less favorable secondary market conditions.
These first-time home buyer loans can help put you in a home with lower upfront costs and easier requirements to qualify.
These first-time home buyer loans can help put you in a home with lower upfront costs and easier requirements to qualify.