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loanDepot(LDI) - 2020 Q4 - Earnings Call Presentation
2025-05-23 14:00
Financial Performance - LoanDepot achieved a FY20 volume of $101 billion[26] - The company reported a FY20 net income of $20 billion[27] - Adjusted EBITDA for FY20 reached $21 billion[30] - The UPB (Unpaid Principal Balance) of the servicing portfolio is $103 billion[29] Origination Strategy - LoanDepot's origination strategy is differentiated and built for all markets[17] - The retail strategy generated $80 billion in FY20 volume[18] - The partner strategy contributed $21 billion in FY20 volume[18] - The retail/partner volume split is 80%/20%[28] Servicing Portfolio - 24% of the servicing portfolio is in active forbearance[31] Company Overview - LoanDepot is described as a founder- & CEO-led 11 Year Old Company[20]
Levi & Korsinsky Reminds Rocket Companies, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 8, 2025 – RKT
GlobeNewswire News Room· 2025-05-22 17:29
NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Rocket Companies, Inc. ("Rocket Companies" or the "Company") (NYSE: RKT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Rocket Companies investors who were adversely affected by alleged securities fraud between March 29, 2021 and April 1, 2021. Follow the link below to get more information and be contacted by a member of our team: https://www.zlk.com/pslra-1/rocket ...
Investors who lost money on Rocket Companies, Inc.(RKT) should contact The Gross Law Firm about pending Class Action - RKT
Prnewswire· 2025-05-22 09:45
NEW YORK, May 22, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Rocket Companies, Inc. (NYSE: RKT).Shareholders who purchased shares of RKT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/rocket-companies-inc-loss-submission-form/?id=149539&from=4 CLASS PERIOD: March 29, 202 ...
The Gross Law Firm Reminds Rocket Companies, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 8, 2025 – RKT
GlobeNewswire News Room· 2025-05-21 17:09
NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Rocket Companies, Inc. (NYSE: RKT). Shareholders who purchased shares of RKT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/rocket-companies-inc-loss-submission-form/?id=149358&from=3 CLASS PERIOD: March ...
July 8, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against RKT
Prnewswire· 2025-05-20 09:45
NEW YORK, May 20, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Rocket Companies, Inc. ("Rocket Companies" or the "Company") (NYSE: RKT) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Rocket Companies investors who were adversely affected by alleged securities fraud between March 29, 2021 and April 1, 2021. Follow the link below to get more information and be contacted by a member of our team:https://www.zlk.com/pslra-1/rocket-compa ...
Investors who lost money on Rocket Companies, Inc.(RKT) should contact Levi & Korsinsky about pending Class Action - RKT
GlobeNewswire News Room· 2025-05-19 17:17
Core Viewpoint - A class action securities lawsuit has been filed against Rocket Companies, Inc. for alleged securities fraud affecting investors between March 29, 2021, and April 1, 2021 [1][2] Group 1: Allegations of Fraud - The lawsuit claims that Rocket's gain on sale margins were contracting at the highest rate in two years due to increased competition among mortgage lenders and unfavorable shifts in their operating segments [2] - It is alleged that Rocket was engaged in a price war with competitors, further compressing margins in its Partner Network operating segment [2] - The complaint indicates that Rocket's gain on sale margins were expected to plummet by at least 140 basis points in the first half of 2021 due to adverse trends [2] - The favorable market conditions that previously allowed Rocket to achieve high gain on sale margins had disappeared, returning to levels not seen since Q1 2019 [2] - The company's overall gain-on-sale margins had fallen significantly below recent historical averages, contradicting positive statements made by the defendants about the company's operations and prospects [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified time frame have until July 8, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require this [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]
Investors in Rocket Companies, Inc. Should Contact Levi & Korsinsky Before July 8, 2025 to Discuss Your Rights – RKT
GlobeNewswire News Room· 2025-05-16 17:10
NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Rocket Companies, Inc. ("Rocket Companies" or the "Company") (NYSE: RKT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Rocket Companies investors who were adversely affected by alleged securities fraud between March 29, 2021 and April 1, 2021. Follow the link below to get more information and be contacted by a member of our team: https://www.zlk.com/pslra-1/rocket ...
Class Action Filed Against Rocket Companies, Inc. (RKT) Seeking Recovery for Investors - Contact Levi & Korsinsky
Prnewswire· 2025-05-16 09:45
NEW YORK, May 16, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Rocket Companies, Inc. ("Rocket Companies" or the "Company") (NYSE: RKT) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Rocket Companies investors who were adversely affected by alleged securities fraud between March 29, 2021 and April 1, 2021. Follow the link below to get more information and be contacted by a member of our team:https://www.zlk.com/pslra-1/rocket-compa ...
Atrium Mortgage Investment Corporation Announces Election of Directors
Newsfile· 2025-05-14 20:00
Group 1 - Atrium Mortgage Investment Corporation held its annual meeting of shareholders where all eight director nominees were elected [1] - The voting results showed high approval rates for the nominees, with Robert H. DeGasperis receiving the highest percentage of votes at 99.34% [1] - The directors will serve until the next annual meeting, ensuring continuity in leadership [1] Group 2 - Atrium is recognized as a non-bank provider of residential and commercial mortgages in major urban centers in Canada [2] - The company's objectives include providing stable and secure dividends to shareholders while preserving equity through conservative lending practices [2] - As a Mortgage Investment Corporation (MIC), Atrium is not taxed on income if it distributes taxable income to shareholders as dividends within 90 days after year-end [3]
Atrium Mortgage Investment Corporation Announces a Strong Start to 2025
Newsfile· 2025-05-13 21:10
Core Insights - Atrium Mortgage Investment Corporation reported strong first quarter results, with earnings per share exceeding dividends and a significant increase in new loan origination despite a challenging market [3][4] - The company has successfully reduced its loan-to-value ratio and increased the percentage of conventional mortgages, contributing to a resilient portfolio [4][6] Financial Performance - For Q1 2025, Atrium reported total assets of $852.8 million, a decrease from $864.3 million at the end of 2024 [6] - Net income for the first quarter was $11.9 million, down 1.2% from the same period last year [6] - Basic and diluted earnings per share were $0.25, a decrease of 7.4% compared to $0.27 in the prior year [7][10] - The mortgage portfolio stood at $875.0 million, with mortgages receivable at $851.6 million, down from $863.2 million at the end of 2024 [8][10] Portfolio Quality - The loan-to-value ratio improved from 64.0% to 61.1% over the past year, with 96.3% of the portfolio being conventional mortgages [4][10] - Stage 3 loans decreased to 2.2% of the mortgage portfolio, the lowest since Q2 2023 [4] - The weighted average interest rate on the mortgage portfolio was 9.56%, down from 9.98% at the end of 2024 [8][10] Mortgage Portfolio Breakdown - As of March 31, 2025, the mortgage portfolio comprised 75.9% residential and 24.1% commercial properties [12] - The majority of the portfolio (88.8%) is located in the Greater Toronto Area, with a weighted average loan-to-value of 60.3% [14]