Certain Known Suggestions Might have been Excluded In the Exhibit Because it Is both Not Question And May likely End in Aggressive Harm to The REGISTRANT If In public Revealed. [***] Suggests that Suggestions Might have been REDACTED.

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

Borrowing Facilities

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 ?Present Master Repurchase Arrangement?; and as further amended by this Amendment, the ?Master Repurchase Agreement?).

Client and you will Provider have arranged, at the mercy of the small print of Modification, that the Present Master Repurchase Agreement feel amended so you’re able to echo particular decideded upon news towards regards to the present Grasp Repurchase Contract.

Appropriately, Buyer and you may Merchant hereby agree, in the believe of your common promises and common obligations established here, your Current Master Repurchase Agreement is actually 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:

Facility Lenders

(b) . To make sure that a factory bank giving resource according off a beneficial Correspondent Mortgage become appointed a medication Payee with respect to any Purchase price, Merchant shall yield to Buyer a written demand, like the label and you can target of facility bank, appearing a need for like designation. Despite the foregoing, Client supplies the right to will not specify such as for instance facility bank due to the fact a medication Payee, or, as an alternative, to need most conditions and terms to ensure that Visitors to spend a cost to such as for instance warehouse bank.

4.14 Option Price. 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 Go out?), Buyer shall give prompt notice thereof to Seller. In addition https://cashadvanceamerica.net/personal-loans-az/, 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 Replacement Price 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.

(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 seven.step 3) or (ii) warehouse lenders that provide financing in respect of a Correspondent Mortgage Loan that are Approved Payees.