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Joins loanDepot in reducing capacity by around $1billion.
Also mutually agrees to end negotiations with Guaranteed Rate over sale of retail mortgage divison.
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.
Website announcement declares plan to close the channel by Oct. 31.
Company has posted 3 straight quarterly losses, reduced its workforce by 20% in 2022.
