Key facts
- loanDepot's net loss widened to $29 million in the third quarter from $7 million in the second quarter.
- Gain-on-sale margin rose 54 basis points to 399 basis points from the second quarter, per loanDepot.
- loanDepot now expects $25 million in annualized cost savings through the rest of 2026, up from a $12 million estimate.
- Debt obligations, net to total equity, rose to 6.5x from 4.8x a year earlier, per loanDepot.
- CFO David Hayes said loanDepot is pursuing financing to refinance or extend debt ahead of 2027 bond maturities.
- CEO Anthony Hsieh said loanDepot is targeting a return to profitability by mid-2027 if market conditions hold.
Key facts
- loanDepot's net loss widened to $29 million in the third quarter from $7 million in the second quarter.
- Gain-on-sale margin rose 54 basis points to 399 basis points from the second quarter, per loanDepot.
- loanDepot now expects $25 million in annualized cost savings through the rest of 2026, up from a $12 million estimate.
- Debt obligations, net to total equity, rose to 6.5x from 4.8x a year earlier, per loanDepot.
- CFO David Hayes said loanDepot is pursuing financing to refinance or extend debt ahead of 2027 bond maturities.
- CEO Anthony Hsieh said loanDepot is targeting a return to profitability by mid-2027 if market conditions hold.
Who
- loanDigo — nonbank mortgage lender reporting wider quarterly loss