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NYSE:LDI
NYSE:LDIDiversified Financial

How Do Insider Sales Shape loanDepot's (LDI) Turnaround Credibility Under "Vision 2025"?

Earlier this month, loanDepot, Inc. filed a US$24.9 million shelf registration for 5,874,020 shares of Class A Common Stock, specifically for an ESOP-related offering, while directors and PCP Managers, L.P. sold a combined US$5.96 million in stock and the company completed a US$150 million term notes offering backed by mortgage servicing rights. These developments come as loanDepot continues its “Vision 2025” turnaround plan, with narrowing net losses, substantial liquidity of over US$400...