Personal data of 16.6M loanDepot customers exposed
The mortgage lender has restored websites that collect payments, accept loan applications and match homebuyers with partner real estate agents after Jan. 4 cyberattack
by Matt Carter Jan 24
Automating verifications lets loanDepot OK loans in minutes
After months of beta testing, loanDepot's melloNow underwriting engine can analyze credit reports, detect fraud, and validate income and employment data without human assistance
by Matt Carter Dec 12
Weathering the storm: A Q3 2023 earnings roundup
From brokerage companies to portals to lenders and investors, Airbnb to Zillow, we've got the news you can use about the dollars and cents that are driving the real estate economy right now
by Christy Murdock Nov 9
LoanDepot warns more layoffs are coming — but on a smaller scale
With headwinds in sight for 2024, loanDepot plans to slash $120M in annual expenses following 3 consecutive quarters of cuts, CEO Frank Martell said during a Q3 earnings call Tuesday afternoon
by Matt Carter Nov 8
How the 'Chinese property ban' impacts the American dream
Opinion
Newly appointed AREAA President and broker-owner Jamie Tian offers her personal perspective on the legislation and the groups that are joining together to combat hate in real estate
by Jamie Tian Nov 8
Jamie Tian tapped to lead Asian Real Estate Association of America
At 32, the RealiFi Realty co-founder and CEO is the youngest president in the organization's history. Tian is a broker-owner in LA and was selected as a NAR '30 under 30' honoree in 2017
by Marian McPherson Nov 6
Head of LoanDepot's retail division steps into newly created role
Dan Hanson, the former head of loanDepot's retail division, will develop 'new revenue-generating opportunities' as the lender's new executive director of enterprise partnerships and acquisitions
by Matt Carter Sep 18
Zillow is the latest lender to offer a 1% down purchase mortgage
UWM and Rocket Mortgage are also leveraging Fannie Mae and Freddie Mac programs tailored to borrowers earning less than 80% of the area median income
by Matt Carter Aug 25
LoanDepot narrows Q2 loss on spring mortgage demand
At $4.55B, loanDepot's Q2 purchase loan originations were up 30% from Q1, thanks in part to the seasonal boost provided by spring homebuyers, but down 52% from a year ago
by Matt Carter Aug 8
LoanDepot losses mount as company continues to shed workers
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
by Matt Carter Mar 8
saw, sharp, cut
The company won the 2022 Pitch Battle sponsored by the National Association of Realtors, claiming a $15,000 prize from Second Century Ventures, NAR's for-profit investment subsidiary
by Craig C. Rowe Nov 28
'I’ve never seen anything like this': Bidding wars hit the rental market
The for-sale market appears to be cooling down, but the rental market is fiery-hot in housing markets nationwide, with would-be tenants getting their first taste of bidding wars
by Lillian Dickerson Sep 21
Americans are flocking to HOA communities like never before
New US Census data shows that homes in homeowner's associations are taking up a larger share of new construction and new sales than ever before
by Jim Dalrymple II Jul 19
Millennial student debt hurting the housing market, study shows
Survey finds nearly two-thirds of millennials have or will graduate with student debt
by Kimberly Manning Oct 10
Apartment List releases report on LA rent trends
Westwood continues to be city's most expensive neighborhood