loanDepot enters Second Amended Repurchase Agreement with EverBank for $175M facility

loanDepot, Inc.

Termination date extended to December 26, 2024.
Facility restructured from syndicated to single-lender arrangement with EverBank.
Maximum facility amount set at $175 million.
Agreement governs repurchase of residential mortgage loans on a servicing-released basis.
Replaces prior Amended and Restated Master Repurchase Agreement dated November 15, 2021.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

loanDepot, Inc. entered into Second Amended and Restated Master Repurchase Agreement with EverBank, N.A. valued at $175 million (effective 2023-12-28).

Action: entry
Agreement: credit facility
Counterparty: EverBank, N.A.
Value: $175 million
Effective: 2023-12-28

Exact text from the filing

On December 28, 2023, loanDepot.com, LLC, a Delaware limited liability company and an indirect subsidiary of loanDepot, Inc, as seller (the “Company”), entered into the Second Amended and Restated Master Repurchase Agreement (the “A&R MRA”) with EverBank, N.A., formerly known as TIAA, FSB, as buyer (the “Buyer”), pursuant to which the Company may sell to the Buyer, and later repurchase, certain residential mortgage loans.

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loanDepot, Inc. filing history →

Source: SEC EDGAR

accession 0001831631-24-000002

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