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Joseph Grassi brings more than 35 years of experience in real estate finance and consumer lending compliance.
Tells regulators it will prepay a $500 million securitization facility.
The couple had to whitewash their home for a more accurate valuation.
As company reports second straight quarterly loss, it announces plans to exit its wholesale business by Oct. 31, 2022.
About 2,000 more people expected to leave the company by the end of the year.
loanDepot did not disclose numbers; 420 Mr. Cooper Group employees laid off, including 120 in California.
