Walker & Dunlop Amends Repurchase Agreement, Extends Term to 9/9/2027

What Happened

• Walker & Dunlop, Inc. and its operating subsidiary Walker & Dunlop, LLC filed an 8-K on Sept. 15, 2026 disclosing Amendment No. 9 to their Master Repurchase Agreement with JPMorgan Chase Bank, N.A., dated Sept. 9, 2026. The amendment extends the Repurchase Agreement’s Termination Date to September 9, 2027. Walker & Dunlop, Inc. continues to guarantee the Seller’s obligations under the agreement.
• The Repurchase Agreement is supplemented by a Third Amended and Restated Side Letter, also dated Sept. 9, 2026, which sets forth fees, commitments and pricing details related to the facility.

Key Details

• Amendment No. 9 and the Third Amended and Restated Side Letter are dated September 9, 2026 (filed as Exhibits 10.1 and 10.2).
• The Termination Date of the Repurchase Agreement is extended to September 9, 2027.
• Walker & Dunlop, Inc. remains guarantor of Walker & Dunlop, LLC’s obligations under the agreement.
• Certain portions of the exhibits are redacted in the public filing under Regulation S-K; the company will provide unredacted copies to the SEC on request.
• The filing also notes Item 2.03 (creation of a direct financial obligation) in connection with the amended agreement.
• JPMorgan and its affiliates have other relationships with Walker & Dunlop, including another credit facility and investment banking services.

Why It Matters

• This amendment extends the life of a material financing arrangement, meaning the company maintains access to the repurchase facility and associated funding terms through at least Sept. 9, 2027.
• Continued corporate guarantee and the updated side letter indicate ongoing credit support and specified fees/commitments that can affect liquidity and cost of capital; investors should watch for any future disclosures that quantify balances, pricing, or usage under the facility.
• Redactions in the public exhibits limit visibility into specific pricing/commitments; investors reliant on full details may need to monitor subsequent filings or communications.