First Amendment to Master Repurchase Agreement, dated October 17, 2016, by and between loanDepot.com, LLC and JPMorgan Chase Bank, N. A
FIRST AMENDMENT TO MASTER REPURCHASE AGREEMENT
Dated as of October 17, 2016
LOANDEPOT.COM, LLC, as Seller
JPMORGAN CHASE BANK, N.A., as Buyer
The Parties have agreed to amend the Master Repurchase Agreement dated June 3, 2016 between them (the Original MRA and as amended hereby and as further supplemented, amended or restated from time to time (the MRA)), to make one revision to the definition of Eligible Mortgage Loan, and they hereby amend the Original MRA as follows.
All capitalized terms used in the Original MRA and used, but not defined differently, in this amendment (the First Amendment to MRA) have the same meanings here as there.
2. Definitions; Interpretation
Clause (x)(A) of the definition of Eligible Mortgage Loan is amended to read as follows:
(A) if requested by Buyer, on or before its Purchase Date, a written fraud detection report reasonably acceptable to Buyer has been delivered to Buyer or (if Seller has paid the Fraud Detection Fee set forth in the Side Letter) has been obtained by Buyer;
As amended hereby, the Original MRA remains in full force and effect, and the Parties hereby ratify and confirm it.
|JPMORGAN CHASE BANK, N.A.|
|Chief Financial Officer|