A Shrinking loanDepot Reports $137.5M Loss in Q3

HousingWire, Nov. 8, 2022–Flávia Furlan Nunes
Even though financial losses narrowed, loanDepot’s third-quarter earnings are evidence that the company’s struggles are far from over. The California-based mortgage lender on Tuesday reported its second consecutive quarterly loss in large part to plummeting mortgage production. And it expects production to fall sharply in the fourth quarter.
https://www.housingwire.com/articles/shrinking-loandepot-reports-a-137-5m-loss-in-q3/?utm_campaign=Newsletter%20-%20HousingWire%20Daily&utm_medium=email&_hsmi=233107261&_hsenc=p2ANqtz–eAyQ09iP-UZ0Pex6bdXZDPNsxoLHGEFHV7mv70_c1WTHQsUIhetO7luslNjuVm-IuSX55nl0OpPKFnafwM81LBBzGGA&utm_content=233107261&utm_source=hs_email