Item 1.02. Termination of a Material Definitive Agreement

On August 19, 2022, loanDepot.com, LLC, a Delaware limited liability company and an indirect majority-owned subsidiary of loanDepot, Inc. (the "Company"), decided to reduce its funding capacity based on current and projected mortgage loan originations by exercising its right to prepay in full its 2020-2 Securitization Facility (as defined below) and terminating (a) its Master Repurchase Agreement, dated as of December 17, 2020 (as amended through the date hereof, the "MRA"), by and among the Company, as seller, Mello Warehouse Securitization Trust 2020-2 ("MWST 2020-2"), as buyer; (b) its Indenture, dated as of December 17, 2020 (the "Indenture"), between MWST 2020-2, as issuer, the Company, as servicer, and U.S. Bank National Association, as indenture trustee, note calculation agent, standby servicer and initial securities intermediary; and (c) certain ancillary agreements (together with the Indenture and the MRA, the "2020-2 Securitization Facility").

Pursuant to the Indenture, the MWST 2020-2 initially issued $500 million of notes (the "MWST Notes"). The MWST Notes were backed by a revolving warehouse line of credit, secured by newly originated, first-lien, fixed rate or adjustable rate, residential mortgage loans which are originated in accordance with the criteria of Fannie Mae or Freddie Mac for the purchase of mortgage loans or in accordance with the criteria of Ginnie Mae for the guarantee of securities backed by mortgage loans and other eligibility criteria set forth in the MRA.

No borrowings are currently outstanding under the 2020-2 Securitization Facility and the Company did not incur any termination penalties as a result of the termination of the 2020-2 Securitization Facility.

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