REQUEST FOR TEMPORARY INCREASE
Exhibit 10.2
REQUEST FOR TEMPORARY INCREASE
Bank of America, N.A.
One Bryant Park, 11th floor
New York, New York 10036
NY1-100-11-01
Attention: Eileen Albus
| Re: | The Amended and Restated Master Repurchase Agreement, dated as of October 21, 2010 (as amended, supplemented or otherwise modified from time to time, the “Repurchase Agreement”), between Bank of America, N.A. (“Buyer”) and Nationstar Mortgage LLC (“Seller”) |
Ladies and Gentlemen:
In accordance with Section 2.10 of the Repurchase Agreement, Buyer hereby consents to a Temporary Increase of the Aggregate Transaction Limit as further set forth below:
Temporary Modification to Aggregate Transaction Limit: + $75,000,000
Temporary Aggregate Transaction Limit: $375,000,000
Temporary Modification to Uncommitted Amount: + $75,000,000
Modified Uncommitted Amount: $200,000,000
Effective date: June 27, 2012
Termination date: August 24, 2012
On and after the effective date indicated above and until the termination date indicated above, the Aggregate Transaction Limit and Uncommitted Amount shall equal the Temporary Aggregate Transaction Limit and the Modified Uncommitted Amount, as applicable, indicated above for all purposes of the Repurchase Agreement and all calculations and provisions relating to the Aggregate Transaction Limit and Uncommitted Amount, as applicable shall refer to the Temporary Aggregate Transaction Limit and the Modified Uncommitted Amount, as applicable including without limitation, Type Sublimits. Unless otherwise terminated pursuant to the Repurchase Agreement, this Temporary Increase shall terminate on the termination date indicated above. Upon the termination of this Temporary Increase, Seller shall repurchase Purchased Assets such that the Aggregate Outstanding Purchase Price does not exceed the Aggregate Transaction Limit. Seller shall repurchase Purchased Assets in order to reduce the Aggregate Outstanding Purchase Price to the Aggregate Transaction Limit (as reduced by the termination of such Temporary Increase) in accordance with Section 4.2(j) of the Repurchase Agreement.
All terms used herein and not otherwise defined herein shall have the respective meanings ascribed to such terms in the Repurchase Agreement.
[Signature Page Follows]
NATIONSTAR MORTGAGE LLC
By: /s/ Gregory Oniu
Name: Gregory Oniu
Title: Vice President
Agreed and Consented by:
BANK OF AMERICA, N.A., Buyer
By: /s/ Rayanthi De Mel
Name: Rayanthi De Mel
Title: Assistant Vice President, Bank of
America, N.A.
Date: 6/26/12
