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. 1 TO MASTER REPURCHASE AGREEMENT
This Amendment No. 1 to Master Repurchase Agreement (this Amendment), dated as of October 23, 2019 (the Amendment Date), to that certain Master Repurchase Agreement, dated as of August 27, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the Master Repurchase Agreement), by and between Caliber Home Loans, Inc. (Seller) and Deutsche Bank AG, New York Branch (Buyer), is entered into by and between Seller and Buyer. Capitalized terms used herein and not otherwise defined herein shall have the respective meanings ascribed to such terms in the Master Repurchase Agreement.
WHEREAS, Seller has requested that the Master Repurchase Agreement be amended on the terms and conditions set forth below; and
WHEREAS, Buyer has agreed to make such requested amendments to the Master Repurchase Agreement.
NOW, THEREFORE, in consideration of the continued performance by Seller of its promises and obligations under the Master Repurchase Agreement and the other Principal Agreements, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and Buyer hereby agree as follows:
1. Amendments to Master Repurchase Agreement. Subject to the satisfaction of the conditions precedent set forth in Section 2 below:
(a) The definition of Applicable Underwriting Guidelines set forth in Exhibit A to the Master Repurchase Agreement is hereby deleted in its entirety and replaced with the following:
Applicable Underwriting Guidelines: With respect to (a) any Jumbo Mortgage Loan or Non-Qualified Mortgage Loan, the applicable Seller underwriting guidelines for such Mortgage Loan delivered by Seller to Buyer on or prior to the related Purchase Date pursuant to Section 7.1(a)(xi) and, as applicable, Section 7.2(n) and (b) any CPL Mortgage Loan, the applicable Seller underwriting guidelines for such Mortgage Loan delivered by Seller to Buyer on or prior to the related Purchase Date pursuant to Section 7.1(a)(xi) and, as applicable, Section 7.2(n), and Sellers underwriting guidelines titled one of the titles set forth on Schedule 2 of the Transactions Terms Letter.
(b) Clause (a) of the definition of Concentration Limit set forth in Exhibit A to the Master Repurchase Agreement is hereby deleted in its entirety and replaced with the following:
(a) The Aggregate Outstanding Purchase Price of Purchased Assets that are not Agency Eligible Mortgage Loans for which the LTV is greater than [***] but less than [***] shall not exceed [***] of the Aggregate Transaction Limit;