CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED.
AMENDMENT NO. 6
MASTER REPURCHASE AGREEMENT
Dated as of May 11, 2015,
CALIBER HOME LOANS, INC.,
BARCLAYS BANK PLC
This AMENDMENT NO. 6 (this Amendment) is made this 18th day of January, 2018 (the Amendment Effective Date), among CALIBER HOME LOANS, INC., as seller (Seller), BARCLAYS BANK PLC, as purchaser and as agent (Barclays or Agent or the Purchaser), to the Master Repurchase Agreement, dated as of May 11, 2015, between Seller and Barclays as such agreement may be amended from time to time (the Agreement). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
WHEREAS, Seller and the Purchaser have agreed to amend the Agreement to make certain changes thereto, each as more specifically set forth herein; and
WHEREAS, as of the date hereof, Seller represents to Purchaser that Seller is in compliance in all respects with the terms and conditions of the Agreement and each other Program Document and that no Default or Event of Default has occurred and is continuing under the Agreement or any other Program Document.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and for the mutual covenants herein contained, the parties hereto hereby agree as follows:
SECTION 1. Amendments. Effective as of the date hereof:
(a) Section 2(a) of the Agreement is hereby amended by deleting the definitions of
High LTV Government Mortgage Loan and Low FICO Mortgage Loans in their entirety and replacing them with the following (modified language in bold for review purposes only):
High LTV Government Mortgage Loan means any FHA Mortgage Loan (other than FHA Buyout Loans or Modified Loans) or VA Mortgage Loan that has a loan-to-value ratio or combined loan-to-value ratio between [***] and [***].
Low FICO Mortgage Loan means any Mortgage Loan (other than any Modified Loan) where the related Mortgagors FICO Score was equal to or greater than [***], but less than [***], on the applicable Origination Date.
(b) Paragraphs (o) and (w) of Exhibit B of the Agreement are hereby amended to read as follows (modified language in bold for review purposes only):
(o) On the Origination Date the related Mortgagors FICO Score was equal to or greater than [***] (except with respect to a Low FICO Mortgage Loan, which shall have had a FICO Score equal to or greater than [***] and with respect to any Modified Loan, which shall not have a required minimum FICO Score), with respect to Mortgage Loans (it being acknowledged that the related Mortgagor shall be deemed to have a FICO Score of zero where no FICO Score is available), unless