loanDepot, Inc. Announces Issuance of Term Notes Secured by Ginnie Mae MSRs
The Notes are variable rate based on SOFR plus a margin and mature on
“Our ability to finance MSR assets is an important balance sheet and risk management tool for the Company,” said loanDepot’s Chief Financial Officer
"The strong investor demand for loanDepot’s second GMSR offering this year, on the back of a very successful first transaction less than two months ago, is a testament to the strength of loanDepot's platform and servicing performance,” said Nomura’s Global Head of Mortgage Structured Lending
The Notes will not be registered under the Securities Act of 1933 (the “Securities Act”) or offered or sold in
For more information about loanDepot, please visit the Company's investor relations website: investors.loandepot.com.
About loanDepot:
Since its launch in 2010, loanDepot (NYSE: LDI) has revolutionized the mortgage industry with digital innovations that make transacting easier, faster and less stressful for customers and originators alike. The company, which is licensed in all 50 states, helps its customers achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. loanDepot is also committed to serving the communities in which its team lives and works through a variety of local and national philanthropic efforts.
Forward-Looking Statements
This press release and related management commentary contain, and responses to investor questions may contain, forward-looking statements that can be identified by the fact that they do not relate strictly to historical or current facts and may contain the words “outlook,” “believe,” “anticipate,” “expect,” “future,” “guidance,” “target,” “intend,” “plan,” “goal,” “predict,” “estimate,” “potential,” “project,” “seek,” “will be,” “will continue,” “will likely result,” or other similar words and phrases or future or conditional verbs such as “shall,” “will,” “may,” “might,” “should,” “would,” or “could” and the negatives of those terms or other comparable words. Examples of forward-looking statements include, but are not limited to, statements about the use of proceeds, treatment of the Notes, financing strategies, and capital raising.
These forward-looking statements are based on current available operating, financial, economic and other information, and are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict and which are detailed in the "Risk Factors" section of loanDepot, Inc.'s Annual Report on Form 10-K for the year ended
LDI-IR
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Investor Contact:
Senior Vice President, Investor Relations
(949) 822-4074
gerdelji@loandepot.com
Media Contact:
Senior Vice President,
(949) 822-4024
rebeccaanderson@loandepot.com
Source: loanDepot, Inc.