loanDepot

Originator reports a quarterly net loss of $72 million on revenues of $223 million as first-quarter origination volume declines 8% year over year.

Net losses for the fourth quarter totaled $59.8 million – a 43% jump from the third quarter “primarily due to revenues decreasing more than the decrease in expenses.”

loanDepot tells federal regulators that the cybersecurity incident will impact its Q1 earnings.

Alleging undue similarity between the "fello" and "mello" platforms, loanDepot takes legal action to protect its brand identity and prevent consumer deception in the competitive real estate market.

Recognizing the companies leading the way for the mortgage industry to become more inclusive and reflective of the communities that they serve

Lawsuits allege failure to prevent data breach and seek class status, while customers worry about potential misuse of stolen information.