Tag Archives: loanDepot

A statement filed with the Securities and Exchange Commission on Tuesday showed that loanDepot was planning to offer 26.4 million shares of its common stock on Friday, valued at $16 to $18 per share. The move was expected to raise $475 million for the company, which was to be valued at $2.6 billion.

LoanDepot, LLC recently announced that it has officially filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering.

The Office of the Inspector General of HUD found that loanDepot, LLC, originated loans using ineligible downpayment assistance gifts out of HUD Federal H0using Administration requirements, according to a recent audit.

Mortgage sales leader Chad Smith has joined loanDepot, taking charge as EVP of production in direct lending, the company announced.

loanDepot, one of the nation's largest nonbank mortgage lenders, is set to acquire super-regional mortgage firm Mortgage Master in a deal expected to close early next year, the companies announced.

According to survey results released Tuesday by independent home lender loanDepot, 56 percent of Americans who don’t currently own a home but would like to purchase in the near future say they’re not pursuing it right now “because they fear they won’t qualify for a loan.” Among current homeowners who wish to re-enter the market, 30 percent hold the same fear.