California-based mortgage lender loanDepot reduced its financial loss in the second quarter of 2024 while still feeling the impacts of a January cyberattack. During the three-month period, the company increased its volumes and margins while implementing an efficiency program and selling mortgage servicing rights (MSRs).

On Tuesday, loanDepot reported a non-GAAP adjusted net loss of $16 million from April to June, compared to a $39.5 million loss in the previous quarter and a $36 million loss in the same period in 2023. By GAAP accounting standards, the net loss in Q2 2024 was details ⇒

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