Master Agreement between Federal Home Loan Mortgage Corporation and E-Loan, Inc. (June 18, 2001)

Contract Categories: Business Finance › Purchase Agreements
Summary

This agreement, dated June 18, 2001, is between the Federal Home Loan Mortgage Corporation (Freddie Mac) and E-Loan, Inc. It sets the terms for E-Loan to sell certain mortgages to Freddie Mac, provided both parties enter into a separate Master Commitment that references this agreement. The agreement outlines the effective and required delivery dates, as well as an overpurchase tolerance. It does not obligate either party to buy or sell mortgages unless a Master Commitment is in place.

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EX-10.10 17 exh10-10.htm Q2 2001 Exhibit 10.10

Exhibit 10.10

MASTER AGREEMENT

This Master Agreement [*] (this "Agreement") dated as of June 18, 2001, (the "Agreement Date") is made by and between the Federal Home Loan Mortgage Corporation ("Freddie Mac") and E-Loan, Inc., Seller/Servicer [*] ("Seller").

Unless otherwise specified, the terms and conditions described in this Agreement shall apply to Mortgages sold by Seller under a Master Commitment that incorporates this Agreement by reference. This Agreement does not entitle Seller to sell or obligate Freddie Mac to purchase Mortgages unless they have entered into a Master Commitment incorporating the terms of this Agreement.

Master Agreement Amount: [*]

Effective Date for Delivery: June 1, 2001

Required Delivery Date: May 31, 2002

Overpurchase Tolerance: 10 percent

IN WITNESS WHEREOF, the parties hereto have caused this Master Agreement to be duly executed by their respective authorized representatives as of the date set forth above.

FEDERAL HOME LOAN MORTGAGE CORPORATION

E-LOAN INC

By: /s/ Lori Vella

By: /s/ Steven M. Majerus

Name: Lori Vella

Name: Steven M. Majerus

Title: Vice President, Sales

Title: V.P. Secondary Mkt