Real Estate & Home

loanDepot cites market volatility, lower margins in wider Q1 loss

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loanDepot reported a wider first-quarter loss due to market volatility and lower gain-on-sale margins, despite an increase in lock volume and market share. This development highlights challenges for mortgage lenders navigating volatile interest rates and geopolitical uncertainties, underscoring the need for strategic cost management and digital transformation initiatives.

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loanDepot cites market volatility, lower margins in wider Q1 loss

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