Post 4 of one’s Existing Grasp Repurchase Contract is hereby revised with the addition of the following the fresh new Point cuatro

Particular Recognized Information Might have been Omitted Regarding Display As it Is both Maybe not Thing And Would Trigger Aggressive Harm to The fresh REGISTRANT If Publicly Revealed. [***] Reveals that Information Has been REDACTED.

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

Borrowing Establishment

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

Customer and you will Supplier features assented, susceptible to new fine print with the Modification, your Current Learn Repurchase Agreement be amended to echo certain arranged updates with the regards to current Grasp Repurchase Agreement.

Accordingly, Visitors and you can Vendor hereby concur, during the thought of the shared promises and you may common personal debt established here, that the Existing Master Repurchase www.cashadvanceamerica.net/loans/chime-loans Contract is hereby amended as follows:

SECTION 1. Acknowledged 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 Loan providers

(b) . To make sure that a factory bank giving money according regarding good Correspondent Home loan is designated a prescription Payee regarding any Price, Merchant will submit to Customer an authored consult, like the name and you may address of the facility bank, demonstrating a significance of such as for example designation. In spite of the foregoing, Client reserves the legal right to decline to employ including warehouse financial as a medication Payee, or, instead, to require extra terms and conditions to ensure Consumer so you’re able to shell out a cost to eg warehouse financial.

4.14 Choice 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 Replacement Rate 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.