loanDepot.com, LLC and its subsidiary loanDepot Multi Asset NC, LLC entered into a Master Repurchase Agreement with Nomura Corporate Funding Americas, LLC. The agreement provides an aggregate uncommitted financing facility of up to $125 million, allowing the company to sell residential mortgage loans and interests in real estate owned properties to the buyer with an obligation to repurchase them. The facility expires on September 30, 2027, unless extended or terminated earlier. This arrangement creates a direct financial obligation for loanDepot, Inc., enhancing its liquidity position through secured lending against its mortgage portfolio. loanDepot operates in the residential mortgage origination and servicing industry.
