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. 12
MASTER REPURCHASE AGREEMENT
Dated as of May 11, 2015,
CALIBER HOME LOANS, INC.,
BARCLAYS BANK PLC
This AMENDMENT NO. 12 (this Amendment) is made this 7th day of December, 2018 (the Amendment Effective Date), between CALIBER HOME LOANS, INC., as seller (Seller), and BARCLAYS BANK PLC, as a purchaser and as agent (Purchaser or Agent) to the Master Repurchase Agreement, dated as of May 11, 2015, between Seller and Purchaser, 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 material 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 Amendment Effective Date,
(a) Section 2(a) of the Agreement is hereby amended by adding the term Fannie DU Loan in the appropriate alphabetical order as follows:
Fannie DU Loan shall mean an Agency Eligible Loan which was underwritten using Fannie Maes DU underwriting program.
(b) Section 2(a) of the Agreement is hereby amended by deleting the definition of Maximum Time on Facility, Seasoned Mortgage Loans, and Settlement Agent, in their entirety and replacing them with the following (bold text added to emphasize changes):
Maximum Time on Facility means for (i) all Agency Eligible Mortgage Loans (other than Fannie DU Loans) and Special Purpose Loans the maximum number of days such Mortgage Loan may be subject to a Transaction (whether or not continuous) is [***] from the Origination Date, (ii) Fannie DU Loans, (x) prior to February 1, 2019, the maximum number of days such Mortgage Loan may be subject to a Transaction (whether or not continuous) is [***] from the Origination Date and (y) on and after February 1, 2019, the maximum number of days such Mortgage Loan may be subject to a Transaction (whether or not continuous) is [***] from the Origination Date