Article cuatro of your own Present Master Repurchase Arrangement is actually hereby revised adding the second this new Part cuatro

Certain Known Information Could have been Omitted On the Display Since it Is both Perhaps not Matter And you will Would probably Result in Aggressive Damage to The fresh new REGISTRANT If the Publicly Uncovered. [***] Demonstrates that Suggestions Has online personal loans New Mexico been REDACTED.

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

Borrowing from the bank Business

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

Visitors and you may Supplier possess assented, susceptible to the fresh new small print of the Amendment, the Current Grasp Repurchase Contract become amended in order to reflect specific decideded upon revisions on the regards to the current Master Repurchase Contract.

Properly, Visitors and Supplier hereby concur, in the idea of your own common guarantees and you will shared financial obligation set forth here, your Present Grasp Repurchase Agreement is actually hereby amended as follows:

SECTION 1. Approved 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:

Factory Lenders

(b) . To ensure a warehouse lender that give resource according away from a Correspondent Mortgage loan become designated a medication Payee when it comes to one Purchase price, Seller should submit to Client a written consult, including the name and you will address of your own facility bank, exhibiting a need for particularly designation. Despite this, Consumer supplies the ability to decline to employ such as for instance facility bank since the a medication Payee, otherwise, as an alternative, to need additional fine print in order for Visitors to help you shell out a purchase price so you’re able to including factory financial.

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 ?Arranged Unavailability Go out?), 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 eight.3) or (ii) warehouse lenders that provide financing in respect of a Correspondent Mortgage Loan that are Approved Payees.