loanDepot Reports Eighth Consecutive Quarterly Loss
Originator reports a quarterly net loss of $72 million on revenues of $223 million as first-quarter origination volume declines 8% year over year.
Tagged: loanDepot
loanDepot's Losses Mount, Despite Optimisim
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.”
Cost Of Ransomware Attack: $12 To $17M
loanDepot tells federal regulators that the cybersecurity incident will impact its Q1 earnings.
fello v. mello
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.
Honoring The Mortgage Industry’s 2024 Diversity Leaders
Recognizing the companies leading the way for the mortgage industry to become more inclusive and reflective of the communities that they serve
NMP
loanDepot Faces Class Actions Over Cybersecurity Breach
Lawsuits allege failure to prevent data breach and seek class status, while customers worry about potential misuse of stolen information.
loanDepot Discloses Cyber Incident Impacted 16.6 Million Customers
Mortgage lender resumes operations amidst growing cybersecurity challenges in the industry.
loanDepot's $3.5 Million Settlement Gets Preliminary Nod Amid Investor Opposition
U.S. district judge scheduled to sign off on the settlement in April.
loanDepot Joins Ranks Of Cyberattack Victims, Initiates Probe
California-based mortgage lender grapples with cybersecurity breach amidst a spate of recent attacks across the industry.
In Recovery, Mixed Fortunes For Nation’s Largest Lenders
Earnings snapshot shows ongoing cuts, servicing stemmed the bleeding amidst higher rates.