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loanDepot Secures Up to $125 Million Uncommitted Mortgage Repo Facility With Nomura
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loanDepot entered into a Master Repurchase Agreement to add flexible funding capacity for its mortgage operations. The uncommitted facility allows the company to sell and later repurchase residential mortgage loans and, subject to conditions, interests in REO properties, up to $125 million. The agreement includes customary covenants and margin requirements and expires on September 30, 2027. Management expects the facility to support liquidity for loan production and…