SEVERANCE POLICY

The policy is intended to provide financial and other benefits in the event of a termination of employment. Severance payments are not to be viewed as automatic and are not compensation for past services, but instead are intended only as prospective payments that will be offered under certain circumstances. This policy replaces and supersedes all other plans, programs, policies, agreements and arrangements of Walter Investment Management Corp. and its affiliates (collectively “the Company”) (other than individual employment agreements) in which any employee has been eligible or entitled to participate, and all such other severance plans, programs, policies, agreements and arrangements are hereby discontinued as of February 9, 2015. The Company has and retains the right to interpret, amend, revise, cancel or terminate the policy at any time and without prior notice. No representations by anyone may extend the policy to provide severance packages or benefits not covered by the policy.

All employees of the Company are eligible to participate in the Company’s severance program subject to the terms of this policy. The level of participation in the severance program as set forth in this policy is determined by a participant’s level of responsibility and years of service, within the Company as described below.

Production Employees, Support Employees (support functions include administrative, technical, etc.) and Non-Management Employees will participate in this severance program described herein and be referred to as Level I Participants.

Professional Employees and Managerial-Level Employees and above who are not covered under Level III, will participate in this severance program and be referred to as Level II Participants.

Executive-Level employees who are eligible to participate in the Walter Investment Management Corp. Management Incentive program (MIP) will participate in the severance program and be referred to as Level III Participants.

A Participant in the Company’s severance program is eligible for benefits if regularly scheduled to work at least 30 hours a week, subject to the requirements stated herein, only if the Company, at its sole and exclusive discretion, determines that the Participant has incurred a Qualified Termination of Employment, which means the elimination of the Participant’s current position.

A Participant in the program is not eligible for benefits upon an Unqualified Termination of Employment, which means a termination of employment with the Company as a result of any of the following:

Additionally, as a condition of the receipt of severance benefits described in this policy, a Participant must immediately return all Company property in his or her possession, including but not limited to all computer equipment (hardware and software), mobile devices, facsimile machines, credit cards, office keys, security access cards, badges, identification cards and all copies (including drafts) of any documentation or information (however stored) relating to the business of the Company, its customers and clients or its prospective customers and clients.

Level I, Level II and Level III Participants are eligible for the following Severance Pay (paid in a lump sum at the rate of Participant’s base salary only at the time of termination) upon a Qualified Termination of Employment (assuming the Participant signs, and does not thereafter revoke, the Separation Agreement and Release(s) described herein):

Level III Participants are eligible for the following Severance Pay (paid at the rate of Participant’s base salary only at the time of termination) upon a Qualified Termination of Employment (assuming the Participant signs, and does not thereafter revoke, the General Release Document(s) described herein):