David Krechevsky

Hurt by operating losses due to legal & regulatory issues, and by falling mortgage originations.

While net income also fell from previous quarter, results still beat analysts expectations.

The loans were originated by Sprout Mortgage, Newfi Lending, and others.

Joins loanDepot in reducing capacity by around $1billion.

CPI rose 6.6% in September from a month earlier, and was up 8.2% from a year earlier.

September meeting minutes show renewed resolve to continue tightening monetary policy.

Sold approximately 5,650 loans totaling $936.9 million in unpaid principal balance, divided into four pools. 

The Market Composite, Purchase, and Refinance indexes all fell 2% last week.

Cut come two weeks after Angel Oak Mortgage Solutions reduced staff by 20%.

Also mutually agrees to end negotiations with Guaranteed Rate over sale of retail mortgage divison.