loanDepot stock posts Q3 loss amid mortgage pressure

Published on 11/13/2026 at 22:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

loanDepot stock posted a USD 29 million third-quarter net loss after results released on November 9. Origination volume was USD 7.05 billion.

LoanDepot reports third-quarter results

Origination volume reached USD 7.05 billion as home equity lending expanded.
The company raised expected annualized productivity savings to USD 25 million through the rest of 2026.
Management is pursuing financing alternatives to address upcoming debt maturities.

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loanDepot said in its November 9 investor-relations release that mortgage conditions pressured third-quarter results, while a broader shift toward home equity lending supported margins and operating efficiency. The quarter ended September 30, 2026.

Revenue was USD 307.145 million, down from USD 337.321 million in the second quarter. Adjusted revenue was USD 302.208 million. loanDepot posted a net loss of USD 28.686 million, compared with USD 6.622 million in the prior quarter, while adjusted net loss widened to USD 30.829 million from USD 29.435 million.

Home equity supports lending margins

Loan origination volume reached USD 7.048 billion, 12% below the second quarter. Unit volume increased 7%, and the pull-through weighted gain-on-sale margin rose to 399 basis points from 345 basis points as the company expanded higher-margin home equity products. Compared with the third quarter of 2025, origination volume increased 8% and unit volume grew 33%.

Adjusted EBITDA was USD 16.917 million, down from USD 20.268 million in the second quarter and USD 48.998 million a year earlier. LoanDepot increased the expected annualized savings from productivity initiatives to USD 25 million for the remainder of 2026.

Debt management remains central

Management said it is pursuing several financing alternatives to refinance or extend upcoming debt maturities. The company also repurchased USD 87 million of senior notes at an average price of 88% of par and said the transactions, together with the sale of approximately USD 10 billion of Agency mortgage servicing rights, reduced net debt obligations by approximately USD 114 million.

loanDepot stock traded at 0.41 euros on Lang & Schwarz at 22:12 CET on Friday, November 13.