Mortgage lender loanDepot, based in Orange County, California, has more bad news tucked away in its latest quarterly earnings report filed with the U.S. Securities and Exchange Commission (SEC) — beyond announcing it was shutting down its wholesale division after posting a second quarter loss of $223.8 million, following on the heels of $91.3 million loss for the prior quarter.
As a result of the latest batch of red ink, the lender reports via a footnote in its second-quarter earnings filings with the SEC that it has been forced to amend or obtain details ⇒
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