Particular Understood Pointers Has been Omitted On the Exhibit Because it Is both Maybe not Material And you will Would likely Result in Competitive Injury to The REGISTRANT In the event the In public places Disclosed. [***] Demonstrates that Advice Could have been REDACTED.

Amendment No. 8 to Grasp Repurchase Contract, dated as of endment?), by and between Bank of America, N.A. (?Client?) and Caliber Home Loans, Inc. (?Vendor?).

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Buyer and Seller are parties to that certain Master Repurchase Agreement, dated as of ended, restated, supplemented or otherwise modified from time to time, the ?Established Grasp Repurchase Agreement?; and as further amended by this Amendment, the ?Master Repurchase Agreement?).

Consumer and you will Supplier enjoys decided, susceptible to the fine print associated with the Modification, that the Present Grasp Repurchase Contract feel amended to reflect certain decided posts for the regards to the present Learn Repurchase Arrangement.

Accordingly, Consumer and Vendor hereby concur, for the consideration of your own shared claims and you will shared personal debt set forth herein, that Established Grasp Repurchase Agreement are hereby amended as follows:

SECTION 1. Recognized Payees. Section 3.7 of the Existing Master Repurchase Agreement is hereby amended by deleting subsection (b) in its entirety and replacing it with the following:

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(b) . So a warehouse bank that provide investment according away from good Correspondent Home mortgage become appointed a prescription Payee when it comes to one Price, Vendor should yield to Client an authored request, for instance the identity and you can address of your warehouse bank, appearing a need for eg designation. In spite of the foregoing, Consumer reserves the authority to won’t designate instance warehouse financial since the a medication Payee, otherwise, instead, to need even more small print so Consumer to pay a purchase price so you can for example facility lender.

4.14 Option Rates. If prior to any Payment Date, Buyer determines in its sole discretion that, by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining One-Month LIBOR, One-Month LIBOR is no longer in existence, or the administrator of One-Month LIBOR or a Governmental Authority having jurisdiction over Buyer has made a public statement identifying a specific date after which One-Month LIBOR shall no longer be made available or used for determining the interest rate of loans (such specific date, the ?Scheduled Unavailability Day?), Buyer shall give prompt notice thereof to Seller. In addition, upon such time as Buyer chooses in good faith an alternative benchmark rate (including any mathematical or other adjustments to the benchmark rate (if any) incorporated therein and any proposed Successor Rates Conforming Changes, as determined by Buyer and consistent with the benchmark rate of similarly situated counterparties with similar assets in similar facilities) (such rate, a ?Successor Rate?) to succeed One-Month LIBOR, Buyer shall give prompt notice thereof to Seller, and the Applicable Pricing Rate shall be such Successor Rate from the date specified in such notice until such notice has been withdrawn by Buyer https://cashadvanceamerica.net/installment-loans-ct/.

(g) . The only credit facilities, including repurchase agreements for mortgage loans and mortgage-backed securities, of Seller that are presently in effect and are secured by mortgage loans or provide for the purchase, repurchase or early funding of mortgage loan sales, are either (i) with Persons disclosed to Buyer at the time of application, or thereafter disclosed on the monthly compliance certificate, and, if required by Buyer, such Persons have executed and delivered an Intercreditor Agreement (or will execute and deliver an Intercreditor Agreement within sixty (60) days following the Effective Date in accordance with Section 7.step three) or (ii) warehouse lenders that provide financing in respect of a Correspondent Mortgage Loan that are Approved Payees.