loanDepot Again Reduces Funding Capacity By $500M

National Mortgage Professional, Oct. 3, 2022–David Krechevsky
For the second time in two months, loanDepot has told federal regulators it is reducing its funding capacity by $500 million. In a filing with the Securities & Exchange Commission dated Sept. 23, the nation’s second-largest retail mortgage lender said it based the decision “on current and projected mortgage loan originations.”