Loandepot's Q2 loss narrows sharply on home equity push
Loandepot reported a Q2 net loss of $6.6 million, down from $54.9 million in Q1 and $25.3 million a year earlier, citing improved margins from a home equity lending push and a rate-driven servicing gain. Revenue rose 18% to $337.3 million. Q3 guidance: $6.25B to $8.25B volume, 360 to 390 bps margins.




