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loanDepot has inked a new $400 million revolving line of credit with Atlas Securitized Products, according to a new 8-K filing with the Securities and Exchange Commission. The loan is collateralized by Freddie Mac mortgage servicing rights. Atlas traces its roots to Credit Suisse’s securitized products group. According to figures compiled by Inside Mortgage Finance, the retail-only loanDepot ranked 14^th among all residential funders with $23.5 billion in production…

The publicly traded California-based loanDepot has yet to release a date for fourth-quarter and full-year 2024 results. Its stock trades for $1.64 a share compared to a February 2021 IPO price of $14.00…

U.S. tariffs against trading partners Canada, China and Mexico don’t officially go into effect until Tuesday, but at press time Monday markets were so-so after an early morning sell off in the Dow. However, the yield on the benchmark 10-year Treasury was down ever-so-slightly at 4.51%...

Mortgage consulting firm Garrett, McAuley & Co. has a message for banks expressing a desire to exit the residential finance space: Don’t do it. In a new company newsletter, the firm writes, “We get it that mortgage banking is highly cyclical and that your public shareholders don’t like earnings volatility, but we've never met a mortgage banking business at a bank that we couldn't make profitable or at least break even or run a small loss.” Their commentary was sparked by the recent decision by Washington Federal in Seattle to exit the space.

DATA POINT: Among the top 20 home lenders in 2024 just five were federally insured depositories, according to a new tally from Inside Mortgage Finance. They are: Chase, AmeriHome, U.S. Bank, Citi and Bank of America.

IMF’s 2025 Salary Survey Is Now Open!

Inside Mortgage Finance, the mortgage market’s leading source of detailed industry data, is once again conducting our Salary Survey, and we need to hear from you (and your peers). It’ll take just a few minutes of your time to contribute to this important effort benchmarking industry compensation. In return for your help, we’ll send you a brief report on compensation levels in the industry (after the survey closes). The survey will close in a few weeks, so please take it today.