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LoanDepot earnings drop by more than 93% in Q2 from Q1 2021


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LoanDepot s second quarter net income slipped dramatically as competitive pressures drove margins and revenues lower, in what management calls a transitional period for the mortgage industry.
The company’s earnings dropped by more than 93% quarter to quarter, falling to $27.3 million, compared with $427.9 million in the first part of 2021.
This is the first full quarter for loanDepot as a public company, following its
We will withstand that pressure, and in fact, we can actually apply some pressure to the competitive landscape, CEO Anthony Hsieh said on the earnings call. Our purposely diversified origination model guards against margin compression in any particular channel, affording us a competitive advantage to profitably take market share. ....

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LoanDepot Faces Lower Origination Volume And Profit Margins In Q2 2021

LoanDepot Faces Lower Origination Volume And Profit Margins In Q2 2021
nationalmortgageprofessional.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgageprofessional.com Daily Mail and Mail on Sunday newspapers.

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