loanDepot Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
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Finance: Consumer Services
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (or date of earliest event reported): April 15, 2025
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Item 1.01 Entry into a Material Definitive Agreement.
On April 15, 2025, loanDepot.com, LLC (the “Company”), a Delaware limited liability company and an indirect subsidiary of loanDepot, Inc., as seller, entered into Amendment No. 5 (“Amendment 5”) to the Amended and Restated Master Repurchase Agreement, dated as of August 11, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the “MRA”), with UBS AG, by and through its branch office at 1285 Avenue of Americas, New York, New York, as buyer (“UBS”) pursuant to which the Company may sell to, and later repurchase from, UBS certain residential mortgage loans. The primary purpose of Amendment 5, and certain ancillary agreements is to extend the Termination Date until April 14, 2026.
The foregoing description of Amendment 5 does not purport to be complete and is qualified in its entirety by reference to the full text of Amendment 5, 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# | |||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
# Confidential information has been omitted because it is both (i) not material and (ii) is the type of information that the Company treats as private or confidential pursuant to Item 601 of Regulation S-K.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
loanDepot, Inc. | ||||||||
By: | /s/ David Hayes | |||||||
Name: David Hayes | ||||||||
Title: Chief Financial Officer | ||||||||
Date: April 18, 2025