Impacted by a cyberattack, loanDepot delivers a Q1 loss of $38M

loanDepot delivered another financial loss in the first quarter of 2024, during which the mortgage lender dealt with the impacts of a cyberattack that brought down its systems. The California-based lender recorded a non-GAAP adjusted net loss of $38 million from January to March, compared to a $26.
Read MoreCarrington names new vice president of TPO marketing

Carrington Mortgage Services (CMS) hired Steven Winokur to serve as vice president of marketing for third-party originations (TPO), the company announced Tuesday. In this new role, Winokur will work to increase the company’s emphasis on diverse forms of nonqualified mortgage (non-QM) educational res
Read MoreAnnual home price gains reach 5.3% in March: CoreLogic

U.S. single-family home prices continued their upward trajectory in March, marking the 146th consecutive month of annualized gains, CoreLogic reported. Prices rose by 1.2% compared to February 2024 and by 5.3% compared to March 2023, according to the company’s home price index released Tuesday. Over
Read MoreFOA records loss in Q1 but remains confident about improving profitability

Finance of America Companies (FOA), which controls the outgoing brands Finance of America Reverse (FAR) and American Advisors Group (AAG), recorded a net loss under generally accepted accounting principles (GAAP) of $16 million in Q1 2024 and an adjusted net loss of $7 million for the quarter, accor
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