Anthony Hsieh, the CEO and founder of loanDepot, has the tricky task of trying to convince analysts and investors that the mortgage lender will gain market share and remain profitable in arguably the most competitive mortgage market ever.
To demonstrate that he genuinely believes loanDepot will prevail, loanDepot’s founder and largest shareholder is putting his money where his mouth is.
Since November 2021, Hseih has invested $16.2 million to purchase 3.2 million shares of loanDepot class A common stock. The volume exceeds the total he sold during the company’s initial public offering in February 2021, the company announced on Thursday.
The total invested details ⇒
BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com