BEAR STEARNS MORTGAGE CAPITAL CORPORATION 383 MADISON AVENUE NEW YORK, NEW YORK 10179
EX-10.1 2 dex101.htm LETTER AGREEMENT Letter Agreement
Exhibit 10.1
BEAR STEARNS MORTGAGE CAPITAL CORPORATION
383 MADISON AVENUE
NEW YORK, NEW YORK 10179
As of October 29, 2004
NC Capital Corporation
18400 Van Karman
Suite 1000
Irvine, CA 92617
Attention: Mr. Richard Holguin
| Re: | Master Repurchase Agreement between Bear Stearns Mortgage Capital Corporation and NC Capital Corporation dated as of October 31, 2003 (the “Agreement) and amended as of October 1, 2004 to include NC Residual II Corp, and New Century Credit Corporation |
Dear Mr. Holguin:
This letter will confirm the mutual agreement between Bear Stearns Mortgage Capital Corporation and NC Capital Corporation, NC Residual II Corp, New Century Credit Corp, to extend the term of the Agreement as described in paragraph 21, “Non-assignability; Termination” to November 30, 2004. The extension shall be subject to the same terms and conditions as set forth in the Agreement.
| Very truly yours, | ||
| BEAR STEARNS MORTGAGE CAPITAL CORPORATION | ||
| By: | /s/ Eileen M. Albus | |
| Name: | Eileen M. Albus | |
| Title: | Managing Director | |
| AGREED AND ACCEPTED: NC CAPITAL CORPORATION | ||
| BY: | /s/ Rick Holguin | |
| Name: | Rick Holguin | |
| Title: | Vice President | |
