Post 4 of the Current Learn Repurchase Contract is hereby amended by adding next the newest Part cuatro

Particular Identified Pointers Has been Excluded Throughout the Showcase Since it Is both Not Thing And May likely Cause Competitive Problems for The fresh REGISTRANT If the In public Unveiled. [***] Reveals that Information Could have been REDACTED.

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

Credit Organization

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

Visitors and you may Vendor features decided, at the mercy of the newest small print of this Modification, your Current Master Repurchase Contract end up being amended so you’re able to echo certain arranged revisions for the regards to current Grasp Repurchase Agreement.

Correctly, Consumer and you can Provider hereby concur, in idea of one’s mutual promises and you can shared financial obligation set forth here, that Present Learn Repurchase Arrangement try 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:

Warehouse Lenders

(b) . In order that a factory lender that provides capital according away from good Correspondent Mortgage loan to be designated a prescription Payee when it comes to people Purchase price, Merchant should yield to Customer a created consult, for instance the term and you may target of your own factory bank, proving a significance of particularly designation. In spite of the foregoing, Consumer supplies the ability to will not specify like warehouse financial while the a medication Payee, or, instead, to need more fine print to ensure Visitors to help you shell out a price so you’re able to like facility lender.

4.14 Solution Rate. If prior to any Payment Date, Buyer determines in its sole Mississippi installment loans 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 ?Arranged Unavailability Date?), 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 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 three) or (ii) warehouse lenders that provide financing in respect of a Correspondent Mortgage Loan that are Approved Payees.