loanDepot Falls Below NYSE $1 Price Floor, Starts Six-Month Clock
Listing At Risk
Company Background
loanDepot is one of the largest non-bank mortgage originators in the United States, licensed in all 50 states and operating through direct-to-consumer, in-market retail, joint-venture, and wholesale channels. The business generates revenue primarily from originating and selling residential mortgages while retaining servicing rights on a substantial share of production. At June 30, 2026, the servicing portfolio carried approximately $123 billion in unpaid principal balance, with servicing rights valued at roughly $1.8 billion on the balance sheet.
The company has not reported a GAAP net profit in any quarter over the past trailing year. Losses ran from $8.7 million in Q3 2025 to $54.9 million in Q1 2026 before narrowing to $6.6 million in Q2 2026, bringing the first-half 2026 total to $61.6 million. Cash and cash equivalents fell from $459 million at September 30, 2025 to $229 million at June 30, 2026.
Debt obligations stood at approximately $2.13 billion net as of June 30, 2026. In the Q2 2026 earnings release, CFO David Hayes stated that "Addressing the Company's bond maturities remains a high priority for management, and we are evaluating a range of options with the support of retained advisors."
What Was Disclosed
The NYSE notified loanDepot on August 21, 2026, that its Class A Common Stock was no longer in compliance with Section 802.01C of the Listed Company Manual — the exchange's minimum share price standard — because the average closing price had been below $1.00 per share over a consecutive 30 trading-day period ending August 20, 2026. The notice carries no immediate impact on the stock's continued trading or on the company's business operations and SEC reporting obligations.