Here's Why loanDepot Is Reducing Its Mortgage Banking Footprint

·3 min read
Here's Why loanDepot Is Reducing Its Mortgage Banking Footprint

Mortgage banking stocks are about as out-of-favor as you can get right now. Virtually all of the mortgage banking stocks have suffered in this environment, but one that has suffered the most is probably loanDepot (NYSE: LDI). There are basically three models for mortgage banking.