{"schema_version":"secwatch.filing_event.v1","accession":"0001831631-23-000127","form_type":"8-K","ticker":"LDI","cik":"0001831631","company_name":"loanDepot, Inc.","filed_at":"2023-04-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.979551+00:00","generated_at":"2026-06-16T23:52:16.040242+00:00","sec_items":["1.01","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"loanDepot amends credit deals to release excess yield for securitization; NexBank facility cut to $185M","bullets":["Seventeenth Amendment to NexBank agreement reduces commitment from $200M to $185M and releases NexBank's security interest in excess yield of certain mortgage loans.","Amendment Number Two with Flagstar releases Flagstar's security interest in excess yield of certain mortgage loans to enable sale and securitization.","NexBank credit line remains secured by mortgage servicing rights and other collateral; $185M revolving facility with permanent reduction.","Both amendments executed April 13, 2023; loanDepot aims to monetize excess yield through securitization transaction."],"urls":{"canonical":"https://secwatch.observer/filing/0001831631-23-000127","json":"https://secwatch.observer/filing/0001831631-23-000127.json","markdown":"https://secwatch.observer/filing/0001831631-23-000127.md","text":"https://secwatch.observer/filing/0001831631-23-000127.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1831631/000183163123000127/0001831631-23-000127-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1831631/000183163123000127/ldi-20230413.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T23:52:16.040242+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0d576c82ed87e80ef74b7838f39a2ffe70330448","claim":"loanDepot, Inc. amended Amendment Number Two to Credit and Security Agreement with Flagstar Bank, National Association valued at $300,000,000 (effective 2023-04-13).","evidence_excerpt":"On April 13, 2023, the Company, as borrower, entered into Amendment Number Two (“Amendment No 2”) to the Credit and Security Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Flagstar Credit Agreement”) with Flagstar Bank, National Association, as purchaser of the rights and obligations of Signature Bank, and as administrative agent on behalf of the lenders and as a lender (“Flagstar”), pursuant to which Flagstar provides the Company with a revolving line of credit of $300 million, with an option to increase up to $500 million upon mutual consent, that is secured by certain of the Company’s mortgage servicing rights under the servicing agreement with Freddie Mac and other collateral listed therein.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1831631/000183163123000127/0001831631-23-000127-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Flagstar Bank, National Association"},{"label":"Value","value":"$300,000,000"},{"label":"Effective","value":"2023-04-13"}],"fact_type":"material_agreement"},{"claim_id":"5ee503a288a1e96fda9a942c498081707aa8523c","claim":"loanDepot, Inc. amended Seventeenth Amendment to Credit and Security Agreement with NexBank valued at $185,000,000 (effective 2023-04-13).","evidence_excerpt":"On April 13, 2023, loanDepot.com, LLC, a Delaware limited liability company and an indirect subsidiary of loanDepot, Inc. (the “Company”), as borrower, entered into the Seventeenth Amendment (“Amendment No, 17”) to the Credit and Security Agreement, dated as of October 29, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the “NexBank Credit Agreement”) with NexBank, as lender (“NexBank”) pursuant to which NexBank has extended a revolving line of credit available to the Company that is secured by certain of the Company’s mortgage servicing rights under the servicing agreement with Freddie Mac and other collateral listed in the NexBank Credit Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1831631/000183163123000127/0001831631-23-000127-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"NexBank"},{"label":"Value","value":"$185,000,000"},{"label":"Effective","value":"2023-04-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}