Item 1.01 Entry into a Material Definitive Agreement.

Third Amended and Restated Master Repurchase Agreement with Jefferies Funding LLC

On October 28, 2022, loanDepot.com, LLC, a Delaware limited liability company and an indirect subsidiary of loanDepot, Inc. (the "Company"), as seller, entered into the Third Amended and Restated Master Repurchase Agreement with Jefferies Funding LLC ("Buyer"), as buyer (the "Amended MRA"), along with certain ancillary agreements , pursuant to which the Company may sell to the Buyer, and later repurchase, the Company's beneficial right title and interest in and to certain residential mortgage loans (the "Jefferies Warehouse Facility"). The Amended MRA amended and restated in its entirety that certain Second Amended and Restated Master Repurchase Agreement, dated as of January 2, 2018, between the Company and Buyer. Along with certain technical changes, the Amended MRA and the ancillary agreements extended the expiration date of the Jefferies Warehouse Facility from October 29, 2022 to October 26, 2023 and, based on the Company's current and projected funding capacity requirements, decreased the uncommitted financing amount from $1.10 billion to $350.00 million, while maintaining the committed financing amount of $400.00 million.

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, dated October 28,
                   2022, by and between loanDepot.com, LLC and Jefferies Funding LLC
104                Cover Page Interactive Data File (embedded within the Inline XBRL document)

© Edgar Online, source Glimpses