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. 13
MASTER REPURCHASE AGREEMENT
Dated as of May 11, 2015,
CALIBER HOME LOANS, INC.,
BARCLAYS BANK PLC
This AMENDMENT NO. 13 (this Amendment) is made this 10th day of May, 2019 (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 following defined terms in the appropriate alphabetical order:
FHA 203(h) Loan shall mean an FHA Mortgage Loan made to Mortgagors that were victims of a natural disaster and located in specific areas designated by FHA.
FHA 203(k) Loan shall mean an FHA Mortgage Loan for the rehabilitation and/or repair of a single family residential property in accordance with the FHA 203(k) program.
FNMA Homestyle Renovation Loan shall mean an Agency Eligible Mortgage Loan which conforms to the Fannie Mae Guides that enables a Mortgagor to obtain a purchase transaction Mortgage Loan or a limited cash-out refinance Mortgage Loan and receive funds to cover the costs of repairs, remodeling, renovations, or energy improvements to the Mortgaged Property.
Pre-Default Diligence Cap shall mean $[***].
Rural Housing Service shall mean the Rural Housing Service of the USDA.