loanDepot lost $31 million last quarter but saw more home loans and is growing its home equity lending.

LDI · loanDepot

The AI's read

More loans, stronger purchase business, and lower production costs show its changes are helping. But selling about $19 billion in mortgage servicing rights affects future fee income, and break-even or profit is not expected until mid-2027. These gains and setbacks leave no clear change in loanDepot's outlook.