Major U.S. banks already have been cutting staff and operations related to mortgage originations as interest rates have shot up and the roaring housing market has cooled in 2022. For Read more
Tag: LDI
LoanDepot to cut 2,000 more jobs this year as decline in mortgage originations seen accelerating
Shares of LoanDepot Inc. LDI, -12.05% rallied 4.1% in premarket trading Tuesday, after the online mortgage company said it was moving to “aggressively rightsize” its cost structure as mortgage originations Read more