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loanDepot switches from Credit Suisse, UWM adds $500M facility.
Nation's leader in origination volume has reduced its staff by 2,600 since 2021; Rocket Cos. has cut 29%
Jay Farner, outgoing CEO, says company is focused on growth in the purchase mortgage market.
Timing of announcement, combined with other C-Suite changes, raises questions.
Rocket Holdings Vice Chairman Bill Emerson will serve as interim CEO during search for new leader.
Says they will benefit from an estimated 5% drop in sale prices.
