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An Earnings Plunge for loanDepot. Servicing Write-downs Too

February 1, 2022

Inside Mortgage Finance, Feb. 1, 2022–Paul Muolo
loanDepot, the first of the nonbank mortgage bellwethers to report fourth quarter results, saw net income plunge 90.5% in the October-December period, blaming the performance on a decrease in rate-lock volume and gain-on-sale margins.
https://www.insidemortgagefinance.com/articles/223660-an-earnings-plunge-for-loandepot-share-price-suffers-servicing-writedowns-too?v=preview

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