By GAAP standards, loanDepot reported a net loss of $65.8 million in Q2 2024, improved from previous quarters affected by a cyberattack.
CEO Frank Martell highlighted the company's strongest operational result in Q2 2024, with $34.5 million pretax earnings amidst market challenges.
Chief Financial Officer David Hayes mentioned negotiations for a settlement to address the cyberattack impact, aiming to bring certainty to stakeholders.
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