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Reports Q3 net loss of $137.5 million, down nearly 39% in part due to cutting nearly 5,000 employees.
Joins loanDepot in reducing capacity by around $1billion.
The nation's second-largest retail nonbank lender has now cut $1.5 billion in capacity since mid-August.
2 top executives receive boosts to base salaries from lender that has eliminated nearly 4,000 positions this year.
Reduction is the second in two months following a similar move in August.
A former executive of a now shuttered wholesale division discusses the future of the channel.
