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LoanDepot Closes $300 Million Asset-Backed Deal
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LoanDepot Closes $300 Million Asset-Backed Deal
Oct 2, 2024 9:59 PM

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.

Price: 2.9199, Change: +0.19, Percent Change: +6.96

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