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loanDepot, Inc. Announces Issuance of Term Notes Secured by Ginnie Mae MSRs
IRVINE, Calif., August 19, 2025--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 loa
About this update from Loandepot, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/8d00948b4448efb72e1a6451e15877a9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/2pyr2coGI39mPNuRzm_pwQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTk2MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/8d00948b4448efb72e1a6451e15877a9","width":480,"height":480}},"lazy":false},{"type":"text","content":"IRVINE, Calif., August 19, 2025--(BUSINESS WIRE)--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.","length":631,"tagName":"p"},{"type":"text","content":"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.","length":264,"tagName":"p"},{"type":"text","content":"Nomura Securities International, Inc. ("Nomura") served as the manager and the initial purchaser. Alston & Bird LLP represented loanDepot as Issuer’s counsel.","length":172,"tagName":"p"},{"type":"text","content":""Our ability to finance MSR assets is an important balance sheet and risk management tool for the Company," said loanDepot’s Chief Financial Officer David Hayes. "I am very pleased with the attractive terms and successful execution of this transaction, which provides us with important diversification and term extension relative to our existing financing. Nomura with their strength and experience in securitized products, has been an important strategic partner of loanDepot and we are pleased to have them lead this transaction."","length":552,"tagName":"p"},{"type":"text","content":""The strong inve...