loanDepot shares surge 20.90% intraday as Trump directs Fannie Mae and Freddie Mac to buy $200B in mortgage bonds to lower rates, boosting the mortgage sector.

loanDepot surged 20.90% intraday, driven by U.S. President Trump's directive on January 8, 2026, ordering Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities to reduce housing loan rates and monthly payments. As a non-bank residential mortgage lender and servicer, loanDepot directly benefits from policy-driven market stimulus and declining interest rate expectations.