loanDepot, Inc. Announces Issuance of Term Notes Secured by Ginnie Mae MSRs - Candlesense
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loanDepot, Inc. Announces Issuance of Term Notes Secured by Ginnie Mae MSRs

IRVINE, Calif.--(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 lo

Related Questions

What is the intended use of proceeds from the notes, and how is it expected to influence loanDepot’s earnings, cash flow, and servicing‑right profitability? What are the specific terms (interest rate, maturity, covenants) of the $150 million secured term notes and how do they compare to current market rates? How will the issuance and the associated increase in secured debt affect loanDepot’s leverage ratios, credit ratings, and overall capital structure?
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