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...Home Point Capital and loanDepot have both shed two-third of their values since going public earlier this year. Fear that profitability has peaked is driving the investor exodus....
...Meanwhile, regional banks such as Citizens and SunTrust have pushed more deeply into personal loans, while non-banks such as LoanDepot.com are moving on to Lending Club’s core patch of debt consolidation...
...“This is the first blip or speed-bump, call it what you will — a natural, healthy adjustment,” said Anthony Hsieh, chief executive of LoanDepot, which gave an early sign of tremors in the sector when it...
...All loans will be issued by Cross River Bank, an eight-year-old lender based in Teaneck, New Jersey, which currently services a range of online platforms including LoanDepot.com, Vouch and Marlette....
...So-called shadow banks such as Quicken Loans, PHH and loanDepot.com accounted for 53 per cent of government-backed mortgages originated in April — almost double their share in April 2013....
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