LoanDepot expects the mortgage industry to continue facing a challenging environment. Recent interest rate increases have reduced industry forecasts for market volumes for the year, the company said in a Tuesday (May 7) earnings release. “Since our last call, the expectations for lower interest rates have been...
LoanDepot is investing in technology as it prepares for a rebound in industrywide mortgage origination volumes. While the provider of home lending solutions reduced its expenses by 36% in 2023, right-sizing itself for today’s lower market volumes, it also invested in platforms and systems to boost...
May 07, 2024
LoanDepot expects the mortgage industry to continue facing a challenging environment. Recent interest rate increases have reduced industry forecasts for market volumes for the year, the company said in a Tuesday (May 7) earnings release. “Since our last call, the expectations for lower interest rates have been pushed out from early to mid-2024 to later 2024,” Frank Martell, president and CEO of […]
March 12, 2024
LoanDepot is investing in technology as it prepares for a rebound in industrywide mortgage origination volumes. While the provider of home lending solutions reduced its expenses by 36% in 2023, right-sizing...
