secwatch.observer — SEC 8-K summary
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Issuer:     loanDepot, Inc. (LDI)
CIK:        0001831631
Form:       8-K
Filed at:   2025-07-25T23:59:59+00:00
Accession:  0001831631-25-000141
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

loanDepot subsidiary issues $150M Series 2025-GT2 notes secured by Ginnie Mae MSR excess spread
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- Class A $128.57M and Class B $21.43M notes issued by loanDepot GMSR Master Trust.
- Notes are secured by a participation certificate in the portfolio excess spread of Ginnie Mae MSRs.
- Maturity July 16, 2030; monthly payments at SOFR plus margin (initial benchmark: SOFR Rate).
- Issued in a private placement to QIBs under Rule 144A; notes are unrated and subordinated to MBS Advance VFNs.
- Proceeds used for general corporate purposes (not explicitly stated but typical for such securitizations).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831631/000183163125000141/0001831631-25-000141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831631/000183163125000141/ldi-20250723.htm
  HTML page:      https://secwatch.observer/filing/0001831631-25-000141

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