Alston & Bird advised loanDepot Inc. on closing its $150 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 and Anna French (Finance); associate Donald Gallino (Finance); partner Clay Littlefield (Federal & International Tax); senior associate Tom Dunn (Finance); partner Joe McKernan (Finance); partner Jacob Johnson (Financial Restructuring & Reorganization); and counsel Fahad Saghir (Employee Benefits & Executive Compensation).