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loanDepot Raises $150 Million Through Secured Notes Backed by Ginnie Mae MSRs

BY MT Newswires | AGENCY | 08/19/25 06:40 AM EDT

06:40 AM EDT, 08/19/2025 (MT Newswires) -- loanDepot (LDI) said Tuesday it has completed a $150 million private offering of secured term notes through its subsidiary, loanDepot GMSR Master Trust.

The company said the notes, backed by mortgage servicing rights tied to Ginnie Mae-backed loans, carry a variable interest rate based on SOFR plus a margin and mature in July 2030.

Proceeds were used to partially repay an earlier loan secured by similar assets, the company said, adding Nomura Securities acted as the manager and initial buyer.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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