Anthony Hsieh nominates Steve Ozonian to loanDepot board

Anthony Hsieh, the Founder and largest voting stockholder of loanDepot, issued the following statement after of LDI‘s fourth quarter 2022 earnings call on Wednesday, March 8, 2023."Yesterday’s earnings call was an important market update and reflects the extraordinary challenges facing all mortgage companies due to the unprecedented increase in interest rates. loanDepot cannot maintain the status quo if we are to succeed over the long-term. The Company’s Board would benefit from a fresh perspective amidst these challenges to ensure we emerge stronger relative to our competition. I have nominated Steve Ozonian for election to the loanDepot board precisely for this reason. Steve’s career of innovation in the homeownership business are important for the Company’s thinking and strategy. I believe an important obligation as directors is to assess whether we have the most relevant experience and skills on the Board, particularly at a times where we are presented with the kinds of challenges the current market presents. I will vote my approximately 57% of combined voting power in support of his nomination. As I have previously stated, I have significant economic interest in the long-term performance of loanDepot. I do not take this decision lightly. I remain passionate about loanDepot’s ability to deliver the dream of homeownership, and believe that Steve’s experience and expertise will be important to loanDepot’s long-term success."