Anthony Hsieh says the lender's cost structure was built for higher volumes as loanDepot expands home equity lending, reduces debt, and targets profitability in 2027
Longtime executive takes on expanded leadership role as lender grows its home equity offerings for older homeowners
Massachusetts, Maine, and Illinois are expanding oversight of home equity financing
ICE reports $17.5 trillion in homeowner equity, while cash-out refinances account for 75% of servicers' refinance-related loan losses
NAR finds nearly one-third of repeat buyers pay cash, narrowing the pool of financed purchase transactions for lenders
Lenders report rising second-lien production as homeowners protect low first-mortgage rates
First American finds that locked-in accessible equity declined even as total equity reached a record $13.2 trillion
ICE and Auction.com data reveal a growing concentration of recent mortgage vintages in foreclosure activity, with government-backed borrowers facing additional equity pressures
Years of appreciation can make a home harder to keep after divorce, leaving originators to solve a financing problem before the settlement is final
A new LendingTree survey finds homeowners postponing essential maintenance as costs mount, raising concerns about property conditions, mortgage eligibility, and the limits of home equity financing