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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…

Mortgage applications fall 4.4% as 30-year rate hits 6.45%

Mortgage applications decreased 4.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending May 1, 2026. On an unadjusted basis, the index decreased 4% compared with the previous week. The refinance index decreased 5% from the previous week and was 29% higher than…