loanDepot Reducing Its Funding Capacity

National Mortgage Professional, Aug. 25, 2022–David Krechevsky
Just 10 days after announcing it would shutter its wholesale lending business, loanDepot told federal regulators it plans to reduce its funding capacity. In a filing with the Securities & Exchange Commission Aug. 19, the nation’s second-largest retail mortgage lender said it made the decision “based on current and projected mortgage loan originations.”