Alston & Bird advised loanDepot Inc. on closing its $200 million securitization, through the loanDepot GMSR Master Trust, of portfolio excess spread from mortgage servicing rights on mortgage loans underlying certain mortgage-backed securities guaranteed by Ginnie Mae.
Representing loanDepot was an Alston & Bird team led by partners Katrina Llanes (Finance) and Anna French (Finance); senior associate Ashley Kennedy (Finance) and associates Donald Gallino (Finance) and Anissa Malik (Finance); partner Clay Littlefield (Federal & International Tax); senior associate Tom Dunn (Finance); partners Joe McKernan (Finance) and Richard Simonds (Finance); partner Jacob Johnson (Financial Restructuring & Reorganization); and counsel Fahad Saghir (Employee Benefits & Executive Compensation).