loanDepot, Inc. Files 8-K for Material Agreement

TL;DR

loanDepot signed a big deal, filing an 8-K with new agreements and financials.

AI Summary

On September 20, 2024, loanDepot, Inc. entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. The company is headquartered at 6561 Irvine Center Drive, Irvine, CA 92618.

Why It Matters

This 8-K filing indicates a significant new agreement for loanDepot, Inc., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.

Key Players & Entities

• loanDepot, Inc. (company) — Registrant
• September 20, 2024 (date) — Date of Report
• 6561 Irvine Center Drive (address) — Principal Executive Offices
• Irvine, California (location) — Principal Executive Offices City and State
• 92618 (zip_code) — Principal Executive Offices Zip Code

FAQ

Key Financial Figures

• $0.001 — hich registered Class A Common Stock, $0.001 Par Value LDI New York Stock Exchange

Filing Documents

• ldi-20240920.htm (8-K) — 31KB
• a101amendmentno8tosecondar.htm (EX-10.1) — 42KB
• a102amendmentno6tosecondar.htm (EX-10.2) — 29KB
• 0001831631-24-000246.txt ( ) — 237KB
• ldi-20240920.xsd (EX-101.SCH) — 2KB
• ldi-20240920_lab.xml (EX-101.LAB) — 21KB
• ldi-20240920_pre.xml (EX-101.PRE) — 12KB
• ldi-20240920_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Amendment No. 8 to Second Amended and Restated Master Repurchase Agreement with Bank of America, N.A. On September 20, 2024, loanDepot.com, LLC (the "Company"), a Delaware limited liability company and an indirect subsidiary of loanDepot. Inc., as guarantor and pledgor, and loanDepot BA Warehouse, LLC, a Delaware limited liability company and a direct wholly-owned subsidiary of the Company (the "Seller"), as seller, entered into Amendment No. 8 ("Amendment No. 8") to the Second Amended and Restated Master Repurchase Agreement, dated as of August 20, 2021 (as amended, restated, supplemented or otherwise modified from time to time), with Bank of America, N.A., a national banking association ("BANA"), as buyer, pursuant to which the Seller may sell to BANA, and later repurchase, participation interests in residential mortgage loans that were issued to the Seller by the Company. The primary purpose of Amendment No. 8 and certain ancillary agreements, effective September 23, 2024, are to (a) extend the expiration date to September 22, 2025, and (b) revise certain definitions related to the interest rate benchmark and make certain other compliance and administrative revisions. The foregoing description of Amendment No. 8 is not complete and is qualified in its entirety by reference to the full text of Amendment No. 8, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference Amendment No. 6 to Second Amended and Restated Mortgage Loan Purchase and Sale Agreement with Bank of America, N.A. On September 20, 2024, the Company, as seller, entered into Amendment No. 6 ("Amendment No. 6") to the Second Amended and Restated Master Mortgage Loan Purchase and Sale Agreement, dated as of February 2, 2022 (as amended, restated, supplemented or otherwise modified from time to time), with BANA, as purchaser, pursuant to which the Company may sell to, and later repurchase from, BANA the Com

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1# Amendment No. 8, dated September 20, 2024, by and among Bank of America, N.A., loanDepot BA Warehouse, LLC and loanDepot.com, LLC to the Second Amended and Restated Master Repurchase Agreement, dated as of August 20, 2021. 10.2# Amendment No. 6, dated September 20, 2024, by and between Bank of America, N.A. and loanDepot.com, LLC to the Second Amended and Restated Mortgage Loan Purchase Agreement, dated as of February 2, 2022. 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(b)(10) 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: September 24, 2024