Item 1.01 Entry into a Material Definitive Agreement.
Third Amended and Restated Master Repurchase Agreement with
On
The Amended MRA contains representations, warranties, covenants, conditions precedent to funding, events of default and indemnities that are customary for agreements of these types. Additionally, the Amended MRA provides that the Company is required to cure any margin deficit at the request of the Buyer.
Should any event of default under the Amended MRA occur, the financing of mortgage loans under the Amended MRA may be terminated and the repurchase of any mortgage loans sold under the Amended MRA could be accelerated to be immediately due and payable at the repurchase price.
The foregoing description of the Amended MRA is not complete and is qualified in its entirety by reference to the full text of the Amended MRA, a copy of which is attached hereto as Exhibit 10.1, and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 of this report is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 10.1 Third Amended and Restated Master Repurchase Agreement, datedOctober 28, 2022 , by and betweenloanDepot.com , LLC andJefferies Funding LLC 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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