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Mounting losses force loanDepot to amend loan agreements HW+ On the heels of a $223M loss in Q2, loanDepot reported that it has been forced to amend or obtain waivers of “profitability related to financial covenants” for certain of its warehouse lines...
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After $223M loss in Q2, loanDepot closes wholesale channel HW+ California-based mortgage lender loanDepot is shutting down its wholesale division amid plummeting origination volumes and widening financial losses in the second quarter.
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Mounting losses force loanDepot to amend loan agreements HW+

Aug 11, 2022By

On the heels of a $223M loss in Q2, loanDepot reported that it has been forced to amend or obtain waivers of “profitability related to financial covenants” for certain of its warehouse lines of credit.

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