Struggling mortgage lender also assures investors that it has moved $225M in cash it held at Signature Bridge Bank to another institution
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
Beleaguered mortgage lender racks up a $610.4M 2022 net loss despite cutting 6,100 jobs as rising mortgage rates cut into the company's lucrative refinancing business
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
The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to 'right size' and helped crown a new leader in mortgage lending
The troubled lender has shed 5,200 workers through layoffs and attrition and is instituting other cost-cutting measures aimed at trimming $400M in annual expenses by the end of the year
NHC Mortgage will offer home loans in Florida, Iowa and North Carolina, with plans to expand to 9 other states in 2023
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
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
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
Mortgage lender suspends its quarterly dividend after posting a $91.3 million first quarter loss
Former CoreLogic CEO Frank Martell will oversee daily operations, while Hsieh will take on 'holistic strategic role' as executive chairman
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
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
CEO Anthony Hsieh sees opportunity to grow market share as mortgage industry shifts to providing more loans to homebuyers