LoanDepot Losses Mount, Company Continues To Shed Workers | Inman

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The beleaguered mortgage lender racks up a $610.4 million 2022 net loss despite cutting 6,100 jobs as rising mortgage rates cut into the company’s lucrative refinancing business.

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Losses continue to mount at beleaguered mortgage lender loanDepot, which posted a $157.8 million fourth-quarter loss Wednesday despite cutting its payroll by more than 6,000 employees last year.

For the full year, loanDepot racked up a $610.4 million 2022 net loss as rising mortgage rates cut into the company’s lucrative refinancing business […].



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