3 stories mentioning LDIUpdated just now
Every FINWIRES story that references LDI, newest first.
LoanDepot (LDI) said Monday it has entered into a marketing services agreement with HomeSmart, a 100% commission brokerage.The agreement will make the company's lending products accessible to HomeSmart's network of over 25,000 real estate agents, according to a statement.
LoanDepot (LDI) said Tuesday that it plans to open a new corporate center in Miami in September.The new center will initially accommodate 120 employees, and will house technology, marketing, recruiting, and other corporate support functions, the company said.Price: $1.03, Change: $+0.03, Percent Change: +2.68%
LoanDepot (LDI) activist investor Randian Capital said Wednesday that the mortgage company should explore strategic alternatives, including a possible sale, to address prolonged stock underperformance.Randian, which said it has "economic exposure" to more than 250,000 LoanDepot shares, noted that the stock has declined by more than 90% since its 2021 initial public offering."Many competitors have adapted their cost structures and strategic positioning," Randian said in a letter to the board. "LoanDepot has yet to demonstrate a sustainable path to restoring shareholder value."Randian said the LoanDepot is potentially worth "significantly more" than its current value in a sale, adding that the company's mortgage servicing rights portfolio may command a premium valuation in a strategic transaction.LoanDepot did not immediately respond to a request for comment from.Price: $1.15, Change: $+0.02, Percent Change: +2.23%
