Recent Updates — LDI
loanDepot, Inc. received a notice from the New York Stock Exchange on August 21, 2026, stating its Class A Common Stock failed to meet the minimum $1.00 per share average closing price requirement over a consecutive 30-trading-day period. The company has six months to regain compliance by maintaining an average closing price of at least $1.00 for 30 consecutive trading days ending on the last trading day of any calendar month within that cure period. Failure to comply may result in delisting procedures, though the notice has no immediate impact on listing status or business operations. The company intends to notify the NYSE of its intent to cure the deficiency and may consider a reverse stock split subject to shareholder approval by June 2027. loanDepot operates in the mortgage lending industry, providing residential mortgage loans and real estate services.
loanDepot, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. Total revenue increased 18% to $337 million, while loan origination volume rose 4% to $7.99 billion and unit volume grew 25% from the prior quarter due to strategic expansion into home equity lending. The company narrowed its net loss to $7 million compared to a $55 million loss in the first quarter of 2026, with adjusted EBITDA improving to $20 million. Management repurchased $16 million of senior notes at an average price of 90% of par during the quarter and an additional $27 million post-quarter end through July 30, 2026. The company operates in the mortgage lending industry, originating residential mortgages and servicing loans.
loanDepot, Inc. announced the final voting results from its 2026 Annual Meeting of Stockholders held on June 4, 2026. The results included the election of three Class II directors, the ratification of of Ernst & Young LLP as the company's independent registered public accounting firm, and an advisory vote on executive compensation.