Item 1.01. Entry into a Material Definitive Agreement.

On December 30, 2022, loanDepot.com, LLC, a Delaware limited liability company and an indirect subsidiary of loanDepot, Inc. (the "Company"), as seller, entered into the Sixth Amendment (the "Sixth Amendment") to the Amended and Restated Master Repurchase Agreement and the Amended and Restated Pricing Letter, each dated as of November 15, 2021, with TIAA, FSB ("TIAA Bank"), formerly known as EverBank, as a buyer and as administrative agent (in such capacity, the "Administrative Agent") for the Buyers and Signature Bank ("Signature Bank"), as a buyer (together with TIAA Bank, the "Buyers") pursuant to which the Company may sell to the Buyers and later repurchase certain residential mortgage loans. The primary purposes of the Sixth Amendment are to: (a) extend the termination date to December 28, 2023; (b) add second lien loans (including home equity lines of credit) and first lien home equity lines of credit as eligible collateral; (c) replace LIBOR with SOFR for interest rate calculations; and (d) change the maximum purchase price to $300,000,000.

The foregoing description of the Sixth Amendment does not purport to be complete and is subject to, and qualified in its entirety by, reference to the full text of the Sixth Amendment, which is attached to this report as Exhibit 10.1.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits.
Exhibit No.        Description
10.1                 Sixth Amendment, dated December 30, 2022, to the Amended and Restated Master
                   Repurchase Agreement and Amended and Restated Pricing Letter, each dated as of
                   November 15, 2021, by and among loanDepot.com, LLC, TIAA, FSB, formerly known
                   as EverBank, and Signature Bank.
104                Cover Page Interactive Data File (embedded within the Inline XBRL document)

© Edgar Online, source Glimpses