loanDepot, Inc.

Our Company provides lending solutions, primarily focused on making homeownership accessible. The company launched in 2010. It offers a broad suite of lending and real estate services, including a variety of loan products. Its in-house servicing platform supports its loan origination strategy. During 2025, Our Company was the fifth largest retail-focused non-bank mortgage originator and the ninth largest overall retail originator, according to data published by Inside Mortgage Finance on February 12, 2026. The U.S. residential mortgage market in 2024 and 2025 was affected by geopolitical risks and inflation. Although the Federal Reserve lowered the Federal Funds rate three times in 2025, long-term rates remained elevated due to concerns about tariff policy and inflation. This high-rate environment negatively impacted homebuyer affordability and loan qualification, and contributed to a "lock-in" effect for borrowers with lower long-term interest rates from 2020 and 2021. This resulted in a reduced supply of homes for sale and decreased demand for refinancing, leading to shrinking mortgage loan origination volumes. Despite the Federal Reserve reducing the Federal Funds rate to a range of 3.50% to 3.75%, the 30-Year Fixed Rate Mortgage Average in the United States, as reported by the St. Louis Fed, stayed above 6% throughout 2025.