05:00 AM EDT, 10/01/2024 (MT Newswires) -- LoanDepot ( LDI ) said late Monday it closed a $300 million transaction through an offering of notes by Mello Warehouse Securitization Trust 2024-1, marking the company's "tenth transaction of this kind."

The notes are backed by a revolving warehouse line of credit, secured by newly originated residential mortgage loans, the company said.

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