loanDepot, Inc. (NYSE: LDI) (together with its subsidiaries, "loanDepot" or the "Company"), today announced that it has completed the private offering of secured term notes (the “Notes”) in an aggregate principal amount of $150 million issued by the Company’s indirect subsidiary, loanDepot GMSR Master Trust (the “Issuer”). The Notes are secured by certain assets of the Issuer, including portfolio excess spread relating to mortgage servicing rights on mortgage loans underlying certain mortgage-backed securities guaranteed by Ginnie Mae.

The Notes are variable rate based on SOFR plus a margin and mature on July 16, 2030. Proceeds of the issuance, net of fees, were used to partially pay down a variable funding note previously issued by the Issuer and secured by Ginnie Mae mortgage servicing rights.

Nomura Securities International, Inc. (“Nomura”) served as the manager and the initial purchaser. Alston & Bird LLP represented loanDepot as Issuer’s counsel.

“Our ability to finance MSR assets is an important balance sheet and risk management tool for the Company,” said loanDepot’s Chief Financial Officer David Hayes. “I am very pleased with the attractive terms and successful execution of this transaction, which provides us with important diversification and term extension relative to our existing financing. Nomura with their strength and experience in securitized products, has been an important strategic partner of loanDepot and we are pleased to have them lead this transaction.”

"The strong investor demand for loanDepot’s second GMSR offering this year, on the back of a very successful first transaction less than two months ago, is a testament to the strength of loanDepot's platform and servicing performance,” said Nomura’s Global Head of Mortgage Structured Lending Sanil Patel. “This transaction allowed Nomura to broaden loanDepot’s investor base, further highlighting Nomura’s distribution and execution capabilities. We're proud to build on our successful partnership with loanDepot."

The Notes will not be registered under the Securities Act of 1933 (the “Securities Act”) or offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. This press release is an announcement of record only and shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.

For more information about loanDepot, please visit the Company's investor relations website: investors.loandepot.com.

About loanDepot:

Since its launch in 2010, loanDepot (NYSE: LDI) has revolutionized the mortgage industry with digital innovations that make transacting easier, faster and less stressful for customers and originators alike. The company, which is licensed in all 50 states, helps its customers achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. loanDepot is also committed to serving the communities in which its team lives and works through a variety of local and national philanthropic efforts.

Forward-Looking Statements

This press release and related management commentary contain, and responses to investor questions may contain, forward-looking statements that can be identified by the fact that they do not relate strictly to historical or current facts and may contain the words “outlook,” “believe,” “anticipate,” “expect,” “future,” “guidance,” “target,” “intend,” “plan,” “goal,” “predict,” “estimate,” “potential,” “project,” “seek,” “will be,” “will continue,” “will likely result,” or other similar words and phrases or future or conditional verbs such as “shall,” “will,” “may,” “might,” “should,” “would,” or “could” and the negatives of those terms or other comparable words. Examples of forward-looking statements include, but are not limited to, statements about the use of proceeds, treatment of the Notes, financing strategies, and capital raising.

These forward-looking statements are based on current available operating, financial, economic and other information, and are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict and which are detailed in the "Risk Factors" section of loanDepot, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2024, as well as any subsequent filings with the Securities and Exchange Commission. Therefore, current plans, anticipated actions, and future results may differ materially from what is expressed or forecasted in any forward-looking statement. loanDepot’s forward-looking statements speak only as of the date of this communication or as of the date they are made. loanDepot does not undertake any obligation to publicly update or revise any forward-looking statement to reflect future events or circumstances, except as required by applicable law.

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“I am very pleased with the attractive terms and successful execution of this transaction, which provides us with important diversification and term extension relative to our existing financing."