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loanDepot cites market volatility, lower margins in wider Q1 loss
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loanDepot cites market volatility, lower margins in wider Q1 loss
loanDepot reported a wider first-quarter loss as market volatility and lower gain-on-sale margins weighed on revenue, despite growth in lock volume and market share. The Irvine, California-based mortgage lender on Tuesday posted a net loss of $54.9 million in the first quarter, compared with a loss of $32.8 million in the fourth quarter of 2025 and a loss of $40.7 million a year earlier. Total revenue fell to $286.4 million from $310.3 million i…
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