LoanDepot hires new CFO and parts ways with 4 top managers
CEO Frank Martell recruits former CoreLogic colleague David Hayes and streamlines management ranks as losses pile up and mortgage originations hit another new low
by Matt Carter Jun 5
LoanDepot founder gets wish: Ozonian joins board after face-off
Settlement agreement ends proxy fight that broke out in February after loanDepot founder Anthony Hsieh was ousted as company's executive chairman
by Matt Carter Apr 5
LoanDepot founder Anthony Hsieh determined to shake up board
After being ousted as executive chair, Hsieh says he controls enough voting shares to install veteran real estate executive Steve Ozonian on the mortgage lender's board of directors
by Matt Carter Mar 9
LoanDepot founder Anthony Hsieh ousted as executive chairman
Founder and former CEO in public spat with board after nominating real estate veteran Steve Ozonian to serve on the floundering mortgage lender's board of directors
by Matt Carter Feb 8
LoanDepot accelerating layoffs, exiting wholesale business
The lender plans to boost revenue by growing purchase loan business and loan servicing portfolio, with digital HELOC also in the works, according to a second-quarter earnings call
by Matt Carter Aug 15
LoanDepot to shed 4,800 workers in 2022 in bid to return to profitability
Lender hopes to cut up to $400M in annual expenses and become profitable by the end of the year, after rising mortgage rates gut profitable refinancing business
by Matt Carter Jul 12
LoanDepot to lay off workers as originations plunge 48%
Mortgage lender suspends its quarterly dividend after posting a $91.3 million first quarter loss
by Matt Carter May 10
LoanDepot founder Anthony Hsieh hands CEO reins to Frank Martell
Former CoreLogic CEO Frank Martell will oversee daily operations, while Hsieh will take on 'holistic strategic role' as executive chairman
by Matt Carter Apr 26
LoanDepot names president and CEO of new operating unit, mello
Zeenat Sidi, a veteran of SoFi and RBC, will serve as president and CEO of the new unit, which will oversee loanDepot's customer contact center, the company announced Thursday
by Matt Carter Mar 10
Anthony Hsieh's $16M vote of confidence in LoanDepot
The LoanDepot founder and CEO has racked up $2.2 million in paper losses on the 3.15 million shares in the company he's bought since November
by Matt Carter Feb 17
Shares in loanDepot touch all-time low as profits shrink
CEO Anthony Hsieh sees opportunity to grow market share as mortgage industry shifts to providing more loans to homebuyers
by Matt Carter Feb 1
LoanDepot building purchase loan business as rising rates stunt refis
Joint ventures with homebuilders and referral relationships with real estate agents helping fuel partner channel
by Matt Carter Nov 2
The 20 biggest luxury mountain sales of 2021 (so far)
While a $136.25M sale in Montana eclipsed all others, this year also saw a number of high-profile sales in Aspen and Vail
LoanDepot's 'Grand Slam' offer bundles agent, mortgage and title insurance
LoanDepot and its agent matching subsidiary, mellohome, will offer cash rebates of up to $7,000 on bundled services, the company announced this week
by Matt Carter Jul 30
Homeowners are losing their enthusiasm for refinancing
After pullback in rates, decline in refis 'seems to have more to do with borrower psychology'
by Matt Carter Jun 14