loanDepot narrows losses in 2023, expects tough first quarter due to cyberattack

loanDepot greatly reduced its costs in 2023 while revenues were in free fall amid a contracting market. It wasn’t enough to bring the California-based lender company profitability, but it narrowed its losses. Operationally, loanDepot entered 2024 by dealing with a cyberattack that brought its system
Read MoreGuild reports loss in 2023, but market share growth was a silver lining

San Diego-based lender Guild Mortgage lost money in 2023 but grew its market share through a focus on purchase mortgage originations, it reported in an earnings call on Tuesday.Similar to other major lenders, the purchase-focused Guild — which operates via a distributed retail model — reported a net
Read MoreHUD outlines reverse mortgage wish list in budget proposal

The White House this week submitted its fiscal year 2025 budget proposal to the House of Representatives and the Senate, outlining the priorities of the administration in providing a budgetary blueprint for the entirety of the U.S. federal government.Within the congressional justifications for the U
Read MorePureWest Christie’s International Real Estate expands into Idaho

PureWest Christie’s International Real Estate, a Montana-based real estate brokerage, is expanding into northern Idaho, the firm announced on Tuesday. The brokerage, which is a longtime affiliate of Christie’s International Real Estate, is the largest independently owned brokerage in Montana. PureWe
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