| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), today announced that it has completed the private offering of secured term notes (the "Notes") in an aggregate principal amount of $150 million issued by the Company's indirect subsidiary, loanDepot GMSR Master Trust (the "Issuer"). The Notes are secured by certain assets of the Issuer, including portfolio excess spread relating to mortgage servicing rights on mortgage loans underlying certain mortgage-backed securities guaranteed by Ginnie Mae.
The Notes are variable rate based on SOFR plus a margin and mature on July 16, 2030. Proceeds of the issuance, net of fees, were used to partially pay down a variable funding note previously issued by the Issuer and secured by Ginnie Mae mortgage servicing rights.
Posted In: LDI
