loanDepot Announces Closing of $300 Million Asset-Backed Transaction
loanDepot, Inc. Class A (LDI)
Company Research
Source: Business Wire
IRVINE, Calif.--(BUSINESS WIRE)--loanDepot, Inc. (NYSE: LDI) today announced the closing of a $300 million transaction through an offering of notes by Mello Warehouse Securitization Trust 2024-1 (“MWST Notes”). This marks the tenth transaction of this kind that loanDepot has successfully consummated.The MWST Notes are backed by a revolving warehouse line of credit, secured by newly originated, first-lien, fixed-rate or adjustable-rate residential mortgage loans. These loans are originated in accordance with the criteria of Fannie Mae or Freddie Mac for the purchase of mortgage loans or in accordance with the criteria of Ginnie Mae for the guarantee of securities backed by mortgage loans and certain other eligibility criteria."This transaction further demonstrates the strength and breadth of loanDepot’s financing strategy and attractive capital raising alternatives, as we continue our focus on delivering exceptional service to our customers throughout the entirety of their homeowne
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LDI
Earnings
- 11/5/24 - Beat
LDI
Sec Filings
- 11/20/24 - Form 4
- 11/19/24 - Form 8-K
- 11/18/24 - Form 4
- LDI's page on the SEC website