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

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

Client and you will Supplier has concurred, susceptible to the small print on the Modification, that Established Master Repurchase Agreement getting amended so you can reflect certain agreed upon revisions towards regards to the existing Grasp Repurchase Agreement.

Accordingly, Customer and you may Supplier hereby consent, from inside the attention of the common guarantees and you can mutual personal debt established herein, that Existing Learn Repurchase Arrangement are hereby revised 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:

Warehouse Loan providers

(b) . So a warehouse bank that provide financial support according from a Correspondent Mortgage getting designated an approved Payee in terms of one Cost, Vendor will yield to Consumer a created consult, including the title and address of one’s factory bank, indicating an importance of such as designation. Despite the foregoing, Client reserves the legal right to will not designate instance facility financial as an approved Payee, or, alternatively, to require more terms and conditions to make sure that Buyer to help you spend a purchase price so you’re able to such as for instance factory lender.

4.14 Option Speed. 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 ?Booked Unavailability Time?), 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 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.