Item 1.01. Entry into a Material Definitive Agreement.
Amendment No. 2 to Amended and Restated 2017-VF1 Master Repurchase Agreement
On August 31, 2022, loanDepot.com, LLC, a Delaware limited liability company and
an indirect subsidiary of loanDepot, Inc. (the "Company") entered into a second
amendment ("Amendment No. 2") of its amended and restated Series 2017-VF1 Master
Repurchase Agreement dated as of November 15, 2021 by and among the Company, as
seller, Credit Suisse AG, Cayman Islands Branch, as buyer, and Credit Suisse
First Boston Mortgage Capital LLC, as administrative agent (as amended, the
"Amended and Restated 2017-VF1 Repurchase Agreement"), to amend certain economic
terms and extend the maturity date to May 5, 2023. Under this facility, in
August 2017, the Company, through one of its wholly-owned subsidiaries,
loanDepot GMSR Master Trust, issued a variable funding note (the "2017-VF1
VFN"), which is secured by Ginnie Mae mortgage servicing rights. Subsequent to
entering into the Amended and Restated 2017-VF1 Repurchase Agreement, on
February 10, 2022, the Company entered into the first amendment to the amended
and restated facility to amend certain terms of the 2017-VF1 VFN for the purpose
of updating the interest rate and related Benchmark provisions.
The foregoing description of Amendment No. 2 is not complete and is qualified in
its entirety by reference to the full text of Amendment No. 2, a copy of which
is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Amendment No. 2 to the Second Amended and Restated Master Repurchase Agreement
dated as of August 31, 2022, by and among loanDepot.com, LLC, as seller,
Credit Suisse First Boston Mortgage Capital LLC, as administrative agent,
and Credit Suisse AG, Cayman Islands Branch, as buy er.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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