As company reports second straight quarterly loss, it announces plans to exit its wholesale business by Oct. 31, 2022.
loanDepot, the nation’s second-largest retail mortgage lender, has so far cut nearly 4,000 jobs since the end of last year, but today said it plans to cut something else: its wholesale lending business.
The company made the announcement as it released its earnings for the s...
Q2 net income was up 55% from last year, while originations were down nearly 50% YOY
Facing higher mortgage rates and a cooling housing market, UWM Holdings Corp. (UWM) saw its mortgage originations cut nearly in half in the second quarter, but still managed to increase profit year over year.
The publicly traded parent of United Wholesale Mortgage today rep...
