Exhibit 10(c)
SIXTH OMNIBUS AMENDMENT
          THIS SIXTH OMNIBUS AMENDMENT (this “Amendment”), dated as of
September 21, 2007, is entered into by and among PULTE FUNDING, INC., as the
borrower (the “Borrower”) and as the buyer (the “Buyer”), PULTE MORTGAGE LLC
(“Pulte Mortgage”), as a seller (the “Seller”) and the servicer (the
“Servicer”), ATLANTIC ASSET SECURITIZATION LLC, as an issuer (“Atlantic”), LA
FAYETTE ASSET SECURITIZATION LLC, as an issuer (“La Fayette”), CALYON NEW YORK
BRANCH, as a bank (“Calyon New York”), as a managing agent and as the
administrative agent (the “Administrative Agent”), LLOYDS TSB BANK PLC, as a
bank (“Lloyds”), JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as a bank and as a
managing agent (“JPMC”), JS SILOED TRUST (“JUSI Trust”), successor in interest
to JUPITER SECURITIZATION COMPANY LLC (formerly known as Jupiter Securitization
Corporation), as an issuer, and LASALLE BANK NATIONAL ASSOCIATION, as the
collateral agent (“LaSalle”). Capitalized terms used and not otherwise defined
herein are used as defined in the related Operative Documents (as defined
below).
RECITALS
          WHEREAS, the Borrower, Atlantic, La Fayette, JUSI Trust, Calyon New
York, as a bank, a managing agent and as Administrative Agent, JPMC, as a bank
and as a managing agent, Lloyds, as a bank, and the Servicer entered into that
certain Second Amended and Restated Loan Agreement, dated as of August 19, 2005,
as amended, modified or supplemented to date (the “Loan Agreement”);
          WHEREAS, the Borrower, the Administrative Agent and LaSalle entered
into that certain Second Amended and Restated Collateral Agency Agreement, dated
as of August 19, 2005, as amended, modified or supplemented to date (the
“Collateral Agency Agreement”);
          WHEREAS, the Seller and the Buyer entered into that certain Master
Repurchase Agreement, dated as of December 22, 2000, as supplemented by the
Second Amended and Restated Addendum to Master Repurchase Agreement, dated as of
August 19, 2005, between the Seller and the Buyer, as amended, modified or
supplemented to date (the “Repurchase Agreement”);
          WHEREAS, certain parties hereto entered into the Transaction Documents
(as defined in the Loan Agreement) (the Loan Agreement, Collateral Agency
Agreement, the Repurchase Agreement and the Transaction Documents collectively,
the “Operative Documents”);
          WHEREAS, the parties hereby desire and consent to amend the Operative
Documents as provided in this Amendment.
          NOW, THEREFORE, the parties agree as follows:

 

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     Section 1. Amendments to the Loan Agreement.
          (a) The definition of “Advance Rate” in Section 1.1 of the Loan
Agreement is hereby amended by deleting the definition in its entirety and
replacing it with the following:
“Advance Rate” means (i) with respect to a Conforming Loan ninety-four percent
(94%), or, with respect to an FHA Loan or a VA Loan, if a Loan-to-Value Ratio
Trigger Event or a Combined Loan-to-Value Ratio Trigger Event has occurred and
is continuing, as reported to the Collateral Agent by the Servicer in the most
recent Servicer Monthly Report, then zero, (ii) with respect to an Alt-A Loan,
ninety-two percent (92%), or, if a FICO Score Trigger Event, a Loan-to-Value
Ratio Trigger Event or a Combined Loan-to-Value Ratio Trigger Event has occurred
and is continuing, as reported to the Collateral Agent by the Servicer in the
most recent Servicer Monthly Report, then zero, (iii) with respect to a Jumbo
Loan, not including a Super Jumbo Loan, ninety-two percent (92%), or, if a FICO
Score Trigger Event, a Loan-to-Value Ratio Trigger Event or a Combined
Loan-to-Value Ratio Trigger Event has occurred and is continuing, as reported to
the Collateral Agent by the Servicer in the most recent Servicer Monthly Report,
then zero, (iv) with respect to a Super Jumbo Loan, ninety percent (90%), or, if
a FICO Score Trigger Event, a Loan-to-Value Ratio Trigger Event or a Combined
Loan-to-Value Ratio Trigger Event has occurred and is continuing, as reported to
the Collateral Agent by the Servicer in the most recent Servicer Monthly Report,
then zero and (v) with respect to a Special Mortgage Loan, one percent (1%) less
than the Advance Rate otherwise applicable to the type of Mortgage Loan in
clauses (i) — (iv) above, which corresponds to the type of Mortgage Loan which
the Special Mortgage Loan is.
          (b) Section 1.1 of the Loan Agreement is hereby amended by adding the
following definition of Bridge Loan:
“Bridge Loan” means a second mortgage secured by the individual borrower’s
former home that is listed or under contract and is provided to the individual
borrower to assist them in purchasing a new Pulte home. A Bridge Loan shall have
a Take-Out Commitment issued by Pulte Homes, Inc. and is a Second Lien Loan.
          (c) The definition of “Collateral Value” in Section 1.1 of the Loan
Agreement is hereby amended by deleting clause (A) in its entirety and replacing
it with the following:
     (A) with respect to each Eligible Mortgage Loan and at all times, an
amount, which shall be submitted to the Collateral Agent by the Administrative
Agent, equal to the product of the Advance Rate for such Eligible Mortgage Loan
multiplied by the least of:
          (1) the lesser of the original principal amount of such Eligible
Mortgage Loan or the acquisition price paid by Pulte Mortgage on the closing and
funding of such Eligible Mortgage Loan;
          (2) for each Eligible Mortgage Loan, an amount determined by
multiplying (a) the weighted average purchase price (expressed as a percentage
of par) that Approved Investors are obligated to pay, pursuant to Take-Out
Commitments with

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respect to all Non-Conforming Loans and with respect to all Conforming Loans,
the weighted average purchase price (expressed as a percentage of par) for any
Mortgage Loan that is the subject of a Hedge as such weighted average purchase
prices are reported by the Servicer to the Administrative Agent along with the
then most recent Mortgage Loan Data Report, times (b) the outstanding principal
amount of such Eligible Mortgage Loan; and
     (3) the Market Value of such Eligible Mortgage Loan; and
          (d) The definition of “Collateral Value” in Section 1.1 of the Loan
Agreement is hereby amended by deleting clause (a) in its entirety and replacing
it with the following:
(a) at any time, the portion of total Collateral Value that may be attributable
to Jumbo Loans shall not exceed ten percent (10%) of the Maximum Facility
Amount; provided that (i) if an Obligor on any Jumbo Loan shall have a FICO
Score of less than 650, or (ii) if a Jumbo Loan shall have a Loan-to-Value Ratio
of more than 80% or a Combined Loan-to-Value Ratio of more than 95%, such
Mortgage Loan shall have a Collateral Value of zero;
          (e) The definition of “Collateral Value” in Section 1.1 of the Loan
Agreement is hereby amended by deleting clause (b) in its entirety and replacing
it with the following:
(b) at any time, the portion of total Collateral Value that may be attributable
to Super Jumbo Loans shall not exceed two and a half percent (2.5%) of the
Maximum Facility Amount, which percentage is a sublimit of clause
(a) representing 25% of the 10% set forth in clause (a) provided that (i) if an
Obligor on any Super Jumbo Loan shall have a FICO Score of less than 650, or
(ii) if a Super Jumbo Loan shall have a Loan-to-Value Ratio of more than 75% or
a Combined Loan-to-Value Ratio of more than 95%, such Mortgage Loan shall have a
Collateral Value of zero;
          (f) The definition of “Collateral Value” in Section 1.1 of the Loan
Agreement is hereby amended by deleting clause (c) in its entirety and replacing
it with the following:
(c)(i) at any time, the portion of total Collateral Value that may be
attributable to Alt-A Loans, shall not exceed twenty-five percent (25%) of the
Maximum Facility Amount; provided that at any time, the portion of total
Collateral Value that may be attributable to Alt-A Loans, with a principal
amount greater than $600,000 but not in excess of $1,000,000 shall not exceed
seven and a half (7.5%) of the Maximum Facility Amount which represents 30% of
the 25% set forth in this clause (c)(i) above; provided further that (A) if an
Obligor on any Alt-A Loan shall have a FICO Score of less than 650, or (B) if an
Alt-A Loan shall have a Loan-to-Value Ratio or a Combined Loan-to-Value Ratio of
more than 95%, such Mortgage Loan shall have a Collateral Value of zero; (ii) at
any time, the portion of Collateral Value attributable to Forty Year Alt-A Loans
shall be zero; (iii) at any time, the portion of Collateral Value that may be
attributable to Pay Option ARMs shall be zero; and (iv) at any time, the portion
of Collateral Value attributable to Alt-A Loans with a principal amount in
excess of $1,000,000 shall be zero.

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          (g) The definition of “Collateral Value” in Section 1.1 of the Loan
Agreement is hereby amended by deleting clause (d) in its entirety and replacing
it with the following:
(d) at any time, the portion of total Collateral Value that may be attributable
to Subprime Loans shall be zero;
          (h) The definition of “Collateral Value” in Section 1.1 of the Loan
Agreement is hereby amended by deleting clause (e) in its entirety and replacing
it with the following: (e) [Reserved].
          (i) The definition of “Collateral Value” in Section 1.1 of the Loan
Agreement is hereby amended by deleting clause (h) in its entirety and replacing
it with the following:
(h) at any time, the portion of total Collateral Value that may be attributable
to Mortgage Loans that have been Eligible Mortgage Loans for more than 90 days
shall be zero; except the portion of total Collateral Value that may be
attributable to Mortgage Loans that have been Eligible Mortgage Loans for more
than 90 days but less than 120 days shall not exceed thirty percent (30%) of the
Maximum Facility Amount;
          (j) The definition of “Collateral Value” in Section 1.1 of the Loan
Agreement is hereby amended by deleting clause (k) in its entirety and replacing
it with the following:
(k) at any time, the portion of total Collateral Value that may be attributable
to Second Lien Loans shall be zero;
          (k) The definition of “Collateral Value” in Section 1.1 of the Loan
Agreement is hereby amended by deleting clause (l) to such definition and
replacing it with the following:
(l) at any time, the portion of total Collateral Value that may be attributable
to Forty Year Conforming Loans shall not exceed five percent (5%) of the Maximum
Facility Amount;
          (l) The definition of “Collateral Value” in Section 1.1 of the Loan
Agreement is hereby amended by adding the following as clause (m):
(m) at any time, the portion of total Collateral Value that may be attributable
to Non-Conforming Loans shall not exceed twenty-five percent (25%) of the
Maximum Facility Amount; except the portion of total Collateral Value that may
be attributable to Non-Conforming Loans during the months of December and
January shall not exceed thirty-five percent (35%) of the Maximum Facility
Amount;
          (m) The definition of “Collateral Value” in Section 1.1 of the Loan
Agreement is hereby amended by adding the following as clause (n):
(n) at any time with the deliverance of the Mortgage Loan Data Report by the
Servicer the portion of total Collateral Value that may be attributable to
Mortgage Loans that do not have verified assets and income (i.e., stated assets
and stated income, or no assets and no income) shall be zero and (ii) the
portion of Collateral Value that may be

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attributable to Mortgage Loans that have either stated assets or stated income
shall not exceed fifteen percent (15%) of the Maximum Facility Amount;
          (n) The definition of “Collateral Value” in Section 1.1 of the Loan
Agreement is hereby amended by adding the following as clause (o):
(o) at any time, (i) the portion of total Collateral Value that may be
attributable to Mortgage Loans with Obligors who do not occupy the related
dwelling shall not exceed ten percent (10%) of the Maximum Facility Amount;
          (o) The definition of “Collateral Value” in Section 1.1 of the Loan
Agreement is hereby amended by adding the following as clause (p):
(p) at any time, the portion of total Collateral Value that may be attributable
to FHA Loans or VA Loans with a Loan-to-Value Ratio or Combined Loan-to-Value
Ratio greater than 100% shall be zero; and
          (p) the definition of “Collateral Value” in Section 1.1 of the Loan
Agreement is hereby amended by adding the following clause (q):
(q) at any time the portion of Collateral Value that may be attributable to
Non-Conforming Loans with a combined outstanding principal balance in excess of
the combined outstanding principal balance of Conforming Loans shall be zero.
          (q) Section 1.1 of the Loan Agreement is hereby amended by adding the
following definition:
“Combined Loan-to-Value Ratio Trigger Event” means that (A) with respect to
Alt-A Loans, (i) the weighted average Combined Loan-to-Value Ratio has been
reported, in a Servicer Monthly Report, as greater than 95%, (ii) a period of
seven Business Days has elapsed from the date of receipt of such report by the
Administrative Agent and (iii) the Servicer has not reported to the
Administrative Agent a revised weighted average Combined Loan-to-Value Ratio
that is less than 95%, (B) with respect to Jumbo Loans, not including Super
Jumbo Loans, (i) the weighted average Combined Loan-to-Value Ratio has been
reported, in a Servicer Monthly Report, as greater than 95%, (ii) a period of
seven Business Days has elapsed from the date of receipt of such report by the
Administrative Agent and (iii) the Servicer has not reported to the
Administrative Agent a revised weighted average Combined Loan-to-Value Ratio
that is less than 95%, (C) with respect to Super Jumbo Loans, (i) the weighted
average Combined Loan-to-Value Ratio has been reported, in a Servicer Monthly
Report, as greater than 95%, (ii) a period of seven Business Days has elapsed
from the date of receipt of such report by the Administrative Agent and
(iii) the Servicer has not reported to the Administrative Agent a revised
weighted average Combined Loan-to-Value Ratio that is less than 95%, and
(D) with respect to Confirming Loans that are FHA Loans or VA Loans, (i) the
weighted average Combined Loan-to-Value Ratio has been reported, in a Servicer
Monthly Report, as greater than 100%, (ii) a period of seven Business Days has
elapsed from the date of receipt of such report by the Administrative Agent and
(iii) the Servicer has not

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reported to the Administrative Agent a revised weighted average Combined
Loan-to-Value Ratio that is less than 100%.
          (r) The definition of “Drawdown Termination Date” in Section 1.1 of
the Loan Agreement is hereby amended by deleting the words “September 21, 2007”
in clause (a) therein and replacing them with “September 28, 2007”.
          (s) The definition of “Eligible Mortgage Loan” in Section 1.1 of the
Loan Agreement is hereby amended by adding the following to the end of clause
(b) of such definition: “and is not a Bridge Loan;”.
          (t) Section 1.1 of the Loan Agreement is hereby amended by deleting
the definition of “FICO Score Trigger Event” in its entirety and replacing it
with the following:
“FICO Score Trigger Event” means that (A) with respect to Alt-A Loans, (i) the
Pool Weighted Average FICO Score has been reported, in a Servicer Monthly
Report, as less than 690, (ii) a period of seven Business Days has elapsed from
the date of receipt of such report by the Administrative Agent and (iii) the
Servicer has not reported to the Administrative Agent a revised Pool Weighted
Average FICO Score that exceeds 690, (B) with respect to Jumbo Loans, not
including Super Jumbo Loans, (i) the Pool Weighted Average Jumbo FICO Score has
been reported, in a Servicer Monthly Report, as less than 700, (ii) a period of
seven Business Days has elapsed from the date of receipt of such report by the
Administrative Agent and (iii) the Servicer has not reported to the
Administrative Agent a revised Pool Weighted Average Jumbo FICO Score that
exceeds 700, and (C) with respect to Super Jumbo Loans, (i) the Pool Weighted
Average Super Jumbo FICO Score has been reported, in a Servicer Monthly Report,
as less than 700, (ii) a period of seven Business Days has elapsed from the date
of receipt of such report by the Administrative Agent and (iii) the Servicer has
not reported to the Administrative Agent a revised Pool Weighted Average Super
Jumbo FICO Score that exceeds 700.
          (u) The definition of “Jumbo Loan “ in Section 1.1 of the Loan
Agreement is hereby amended by removing “$1,000,000” each time such number
appears and replacing it with “$750,000” and by removing “$1,500,000” each time
such number appears and replacing it with “$2,000,000”.
          (v) Section 1.1 of the Loan Agreement is hereby amended by adding the
following definition:
“Loan-to-Value Ratio Trigger Event” means that (A) with respect to Alt-A Loans,
(i) the weighted average Loan-to-Value Ratio has been reported, in a Servicer
Monthly Report, as greater than 80%, (ii) a period of seven Business Days has
elapsed from the date of receipt of such report by the Administrative Agent and
(iii) the Servicer has not reported to the Administrative Agent a revised
weighted average Loan-to-Value Ratio that is less than 80%, (B) with respect to
Jumbo Loans, not including Super Jumbo Loans, (i) the weighted average
Loan-to-Value Ratio has been reported, in a Servicer Monthly Report, as greater
than 85%, (ii) a period of seven Business Days has elapsed from the date of
receipt of such report by the Administrative Agent and (iii) the Servicer has
not reported

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to the Administrative Agent a revised weighted average Loan-to-Value Ratio that
is less than 85%, (C) with respect to Super Jumbo Loans, (i) the weighted
average Loan-to-Value Ratio has been reported, in a Servicer Monthly Report, as
greater than 75%, (ii) a period of seven Business Days has elapsed from the date
of receipt of such report by the Administrative Agent and (iii) the Servicer has
not reported to the Administrative Agent a revised weighted average
Loan-to-Value Ratio that is less than 75% and (D) with respect to Confirming
Loans that are FHA Loans or VA Loans, (i) the weighted average Loan-to-Value
Ratio has been reported, in a Servicer Monthly Report, as greater than 100%,
(ii) a period of seven Business Days has elapsed from the date of receipt of
such report by the Administrative Agent and (iii) the Servicer has not reported
to the Administrative Agent a revised weighted average Loan-to-Value Ratio that
is less than 100%.
          (w) The definition of “Market Value” in Section 1.1 of the Loan
Agreement is hereby amended by deleting the definition in its entirety and
replacing it with the following:
“Market Value” means at the time determined, for any Mortgage Loan the value as
provided by the Administrative Agent on behalf of the Managing Agents based on
the values provided to the Administrative Agent by the Managing Agents. Each
Managing Agent shall provide the Administrative Agent a determination of market
value, which may be determined on a weighted average basis for the Mortgage
Loans (based on the then most recent Mortgage Loan Data Report) as calculated by
a third party which may be an Affiliate of such Managing Agent each Friday by
4:00 p.m. (eastern daylight time), and if such Friday is not a Business Day the
immediately preceding Business Day, and by 8:00 a.m. (eastern daylight time) on
any other Business Day at the option of any Managing Agent. The lowest
determination of market value submitted to the Administrative Agent shall be the
Market Value for purposes of clause (A)(3) of the definition of Collateral
Value.
          (x) Section 1.1 of the Loan Agreement is hereby amended by adding the
following definition:
“Pool Weighted Average Jumbo FICO Score” means, as of any date, an amount,
reported in the most recent Servicer Monthly Report, equal to the ratio of
(a) the sum, for all Jumbo Loans, of the product for each Jumbo Loan of (i) its
FICO Score and (ii) its original principal balance to (b) the sum of the
original principal balances of all Jumbo Loans.
          (y) Section 1.1 of the Loan Agreement is hereby amended by adding the
following definition:
“Pool Weighted Average Super Jumbo FICO Score” means, as of any date, an amount,
reported in the most recent Servicer Monthly Report, equal to the ratio of
(a) the sum, for all Super Jumbo Loans, of the product for each Super Jumbo Loan
of (i) its FICO Score and (ii) its original principal balance to (b) the sum of
the original principal balances of all Super Jumbo Loans.

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          (z) Section 1.1 of the Loan Agreement is hereby amended by deleting
the definition of “Required Reserve Account Amount” in its entirety and
replacing it with the following:
“Required Reserve Account Amount” means, on any date, 0.50% of the Maximum
Facility Amount on such date or, if the Excess Spread is negative, the product
of (i) the sum of the absolute value of the Excess Spread and 0.50% and (ii) the
Maximum Facility Amount.
          (aa) The definition of “Super Jumbo Loan “ in Section 1.1 of the Loan
Agreement is hereby amended by removing “$1,000,000” each time such number
appears and replacing it with “$750,000”.
          (bb) The definition of “Take-Out Commitment” in Section 1.1 of the
Loan Agreement is hereby amended by removing “120” each time such number appears
and replacing it with “90” and by removing “180” each time such number appears
and replacing it with “120”.
          (cc) Section 1.1 of the Loan Agreement is hereby amended by adding the
following definition:
          (dd) Section 1.1 of the Loan Agreement is hereby amended by adding the
following definition:
“Mortgage Loan Data Report” means, with respect to any Mortgage Loan included in
the Eligible Mortgage Collateral, a report that is reasonably satisfactory to
the Managing Agents and is delivered pursuant to Section 3.7 of this Second
Restated Loan Agreement by the Servicer for the purpose of calculating Market
Value.
          (ee) Section 2.1(d) of the Loan Agreement is hereby amended by adding
“(i)” to the beginning of such provision and adding the following subclause
(ii) to the end of such provision:
(ii) If any of Moody’s, S&P or Fitch rate any publicly traded investment
securities evidencing senior unsecured debt of the Performance Guarantor at less
than Ba1, BBB- or BBB-, respectively, then the Administrative Agent on behalf of
the Managing Agents may, and shall at the direction of the Majority Banks, do
any one or both of the following: (1) declare the entire unpaid balance of the
Obligations immediately due and payable, whereupon it shall be due and payable
10 Business Days after notification by the Administrative Agent to the Borrower;
and (2) declare the Drawdown Termination Date to have occurred and terminate the
Maximum Facility Amount which shall be effective upon notification by the
Administrative Agent to the Borrower.
          (ff) Section 3.7 is hereby amended by deleting “[Reserved]” from such
section and adding the following:
Reports: No later than 12:00 noon (eastern time), on Monday of each week or if
such Monday is not a Business Day, the immediately preceding Business Day, and,
on each other Business Day as requested at any time by any Managing Agent, the
Servicer shall

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furnish to the Borrower, each Managing Agent and the Administrative Agent a
report, which is reasonably satisfactory to the Managing Agents with respect to
any Mortgage Loan included in the Eligible Mortgage Collateral for the purpose
of calculating Market Value (the “Mortgage Loan Data Report”). On the same day
that a Mortgage Loans Data Report is delivered, the Servicer shall report to the
Managing Agents the information required by clause (A)(2) of the definition of
Collateral Value.
          (gg) Section 8.1(ee) of the Loan Agreement is hereby deleted in its
entirety.
          (hh) Schedule II to the Loan Agreement is hereby deleted in its
entirety and replaced with the Schedule II attached as ANNEX A hereto.
     Section 2. Amendments to the Collateral Agency Agreement.
          (a) Schedule III to the Collateral Agency Agreement is hereby deleted
in its entirety and replaced with the Schedule III attached as ANNEX A hereto
          (b) The definition of “Advance Rate” in Exhibit D-1 of the Collateral
Agency Agreement is hereby amended by deleting the definition in its entirety
and replacing it with the following:
“Advance Rate” means (i) with respect to a Conforming Loan ninety-four percent
(94%), or, with respect to an FHA Loan or a VA Loan, if a Loan-to-Value Ratio
Trigger Event or a Combined Loan-to-Value Ratio Trigger Event has occurred and
is continuing, as reported to the Collateral Agent by the Servicer in the most
recent Servicer Monthly Report, then zero, (ii) with respect to an Alt-A Loan,
ninety-two percent (92%), or, if a FICO Score Trigger Event, a Loan-to-Value
Ratio Trigger Event or a Combined Loan-to-Value Ratio Trigger Event has occurred
and is continuing, as reported to the Collateral Agent by the Servicer in the
most recent Servicer Monthly Report, then zero, (iii) with respect to a Jumbo
Loan, not including a Super Jumbo Loan, ninety-two percent (92%), or, if a FICO
Score Trigger Event, a Loan-to-Value Ratio Trigger Event or a Combined
Loan-to-Value Ratio Trigger Event has occurred and is continuing, as reported to
the Collateral Agent by the Servicer in the most recent Servicer Monthly Report,
then zero, (iv) with respect to a Super Jumbo Loan, ninety percent (90%), or, if
a FICO Score Trigger Event, a Loan-to-Value Ratio Trigger Event or a Combined
Loan-to-Value Ratio Trigger Event has occurred and is continuing, as reported to
the Collateral Agent by the Servicer in the most recent Servicer Monthly Report,
then zero and (v) with respect to a Special Mortgage Loan, one percent (1%) less
than the Advance Rate otherwise applicable to the type of Mortgage Loan in
clauses (i) — (iv) above, which corresponds to the type of Mortgage Loan which
the Special Mortgage Loan is.
          (c) Exhibit D-1 of the Collateral Agency Agreement is hereby amended
by adding the following definition of Bridge Loan:
“Bridge Loan” means a second mortgage secured by the individual borrower’s
former home that is listed or under contract and is provided to the individual
borrower to assist them in purchasing a new Pulte home. A Bridge Loan shall have
a Take-Out Commitment issued by Pulte Homes, Inc. and is a Second Lien Loan.

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          (d) The definition of “Collateral Value” in Exhibit D-1 of the
Collateral Agency Agreement is hereby amended by deleting clause (A) in its
entirety and replacing it with the following:
     (A) with respect to each Eligible Mortgage Loan and at all times, an amount
equal to the product of the Advance Rate for such Eligible Mortgage Loan
multiplied by the least of:
          (1) the lesser of the original principal amount of such Eligible
Mortgage Loan or the acquisition price paid by Pulte Mortgage on the closing and
funding of such Eligible Mortgage Loan;
          (2) for each Eligible Mortgage Loan, an amount determined by
multiplying (a) the weighted average purchase price (expressed as a percentage
of par) that Approved Investors are obligated to pay, pursuant to Take-Out
Commitments with respect to all Non-Conforming Loans and with respect to all
Conforming Loans, the weighted average purchase price (expressed as a percentage
of par) for any Mortgage Loan that is the subject of a Hedge as such weighted
average purchase prices are reported by the Servicer to the Administrative Agent
along with the then most recent Mortgage Loan Data Report, times (b) the
outstanding principal amount of such Eligible Mortgage Loan; and
          (3) the Market Value of such Eligible Mortgage Loan; and
          (e) The definition of “Collateral Value” in Exhibit D-1 of the
Collateral Agency Agreement is hereby amended by deleting clause (a) in its
entirety and replacing it with the following:
(a) at any time, the portion of total Collateral Value that may be attributable
to Jumbo Loans shall not exceed ten percent (10%) of the Maximum Facility
Amount; provided that (i) if an Obligor on any Jumbo Loan shall have a FICO
Score of less than 650, or (ii) if a Jumbo Loan shall have a Loan-to-Value Ratio
of more than 80% or a Combined Loan-to-Value Ratio of more than 95%, such
Mortgage Loan shall have a Collateral Value of zero;
          (f) The definition of “Collateral Value” in Exhibit D-1 of the
Collateral Agency Agreement is hereby amended by deleting clause (b) in its
entirety and replacing it with the following:
(b) at any time, the portion of total Collateral Value that may be attributable
to Super Jumbo Loans shall not exceed two and a half percent (2.5%) of the
Maximum Facility Amount, which percentage is a sublimit of clause
(a) representing 25% of the 10% set forth in clause (a) provided that (i) if an
Obligor on any Super Jumbo Loan shall have a FICO Score of less than 650, or
(ii) if a Super Jumbo Loan shall have a Loan-to-Value Ratio of more than 75% or
a Combined Loan-to-Value Ratio of more than 95%, such Mortgage Loan shall have a
Collateral Value of zero;

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          (g) The definition of “Collateral Value” in Exhibit D-1 of the
Collateral Agency Agreement is hereby amended by deleting clause (c) in its
entirety and replacing it with the following:
(c)(i) at any time, the portion of total Collateral Value that may be
attributable to Alt-A Loans, shall not exceed twenty-five percent (25%) of the
Maximum Facility Amount; provided that at any time, the portion of total
Collateral Value that may be attributable to Alt-A Loans, with a principal
amount greater than $600,000 but not in excess of $1,000,000 shall not exceed
seven and a half (7.5%) of the Maximum Facility Amount which represents 30% of
the 25% set forth in this clause (c)(i) above; provided further that (A) if an
Obligor on any Alt-A Loan shall have a FICO Score of less than 650, or (B) if an
Alt-A Loan shall have a Loan-to-Value Ratio or a Combined Loan-to-Value Ratio of
more than 95%, such Mortgage Loan shall have a Collateral Value of zero; (ii) at
any time, the portion of Collateral Value attributable to Forty Year Alt-A Loans
shall be zero; (iii) at any time, the portion of Collateral Value that may be
attributable to Pay Option ARMs shall be zero; and (iv) at any time, the portion
of Collateral Value that may be attributable to Alt-A Loans with a principal
amount in excess of $1,000,000 shall be zero.
          (h) The definition of “Collateral Value” in Exhibit D-1 of the
Collateral Agency Agreement is hereby amended by deleting clause (d) in its
entirety and replacing it with the following:
(d) at any time, the portion of total Collateral Value that may be attributable
to Subprime Loans shall be zero;
          (i) The definition of “Collateral Value” in Exhibit D-1 of the
Collateral Agency Agreement is hereby amended by deleting clause (e) in its
entirety and replacing it with the following: (e) [Reserved].
          (j) The definition of “Collateral Value” in Exhibit D-1 of the
Collateral Agency Agreement is hereby amended by deleting clause (h) in its
entirety and replacing it with the following:
(k) at any time, the portion of total Collateral Value that may be attributable
to Mortgage Loans that have been Eligible Mortgage Loans for more than 90 days
shall be zero; except the portion of total Collateral Value that may be
attributable to Mortgage Loans that have been Eligible Mortgage Loans for more
than 90 days but less than 120 days shall not exceed thirty percent (30%) of the
Maximum Facility Amount;
          (k) The definition of “Collateral Value” in Exhibit D-1 of the
Collateral Agency Agreement is hereby amended by deleting clause (k) in its
entirety and replacing it with the following:
(k) at any time, the portion of total Collateral Value that may be attributable
to Second Lien Loans shall be zero;

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          (l) The definition of “Collateral Value” in Exhibit D-1 of the
Collateral Agency Agreement is hereby amended by deleting clause (l) to such
definition and replacing it with the following:
(l) at any time, the portion of total Collateral Value that may be attributable
to Forty Year Conforming Loans shall not exceed five percent (5%) of the Maximum
Facility Amount;
          (m) The definition of “Collateral Value” in Exhibit D-1 of the
Collateral Agency Agreement is hereby amended by adding the following as clause
(m):
(m) at any time, the portion of total Collateral Value that may be attributable
to Non-Conforming Loans shall not exceed twenty-five percent (25%) of the
Maximum Facility Amount; except the portion of total Collateral Value that may
be attributable to Non-Conforming Loans during the months of December and
January shall not exceed thirty-five percent (35%) of the Maximum Facility
Amount;
          (n) The definition of “Collateral Value” in Exhibit D-1 of the
Collateral Agency Agreement is hereby amended by adding the following as clause
(n):
(n) at any time with the deliverance of the Mortgage Loan Data Report by the
Servicer the portion of total Collateral Value that may be attributable to
Mortgage Loans that do not have verified assets and income (i.e., stated assets
and stated income, or no assets and no income) shall be zero and (ii) the
portion of Collateral Value that may be attributable to Mortgage Loans that have
either stated assets or stated income shall not exceed fifteen percent (15%) of
the Maximum Facility Amount;
          (o) The definition of “Collateral Value” in Exhibit D-1 of the
Collateral Agency Agreement is hereby amended by adding the following as clause
(o):
(o) at any time, (i) the portion of total Collateral Value that may be
attributable to Mortgage Loans with Obligors who do not occupy the related
dwelling shall not exceed ten percent (10%) of the Maximum Facility Amount; and
          (p) The definition of “Collateral Value” in Exhibit D-1 of the
Collateral Agency Agreement is hereby amended by adding the following as clause
(p):
(p) at any time, the portion of total Collateral Value that may be attributable
to FHA Loans or VA Loans with a Loan-to-Value Ratio or Combined Loan-to-Value
Ratio greater than 100% shall be zero; and
          (q) The definition of “Collateral Value” in Exhibit D-1 of the
Collateral Agency Agreement is hereby amended by adding the following as clause
(q):
(q) at any time the portion of Collateral Value that may be attributable to
Non-Conforming Loans with a combined outstanding principal balance in excess of
the combined outstanding principal balance of Conforming Loans shall be zero.

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          (r) Exhibit D-1 of the Collateral Agency Agreement is hereby amended
by adding the following definition:
“Combined Loan-to-Value Ratio Trigger Event” means that (A) with respect to
Alt-A Loans, (i) the weighted average Combined Loan-to-Value Ratio has been
reported, in a Servicer Monthly Report, as greater than 95%, (ii) a period of
seven Business Days has elapsed from the date of receipt of such report by the
Administrative Agent and (iii) the Servicer has not reported to the
Administrative Agent a revised weighted average Combined Loan-to-Value Ratio
that is less than 95%, (B) with respect to Jumbo Loans, not including Super
Jumbo Loans, (i) the weighted average Combined Loan-to-Value Ratio has been
reported, in a Servicer Monthly Report, as greater than 95%, (ii) a period of
seven Business Days has elapsed from the date of receipt of such report by the
Administrative Agent and (iii) the Servicer has not reported to the
Administrative Agent a revised weighted average Combined Loan-to-Value Ratio
that is less than 95%, (C) with respect to Super Jumbo Loans, (i) the weighted
average Combined Loan-to-Value Ratio has been reported, in a Servicer Monthly
Report, as greater than 95%, (ii) a period of seven Business Days has elapsed
from the date of receipt of such report by the Administrative Agent and
(iii) the Servicer has not reported to the Administrative Agent a revised
weighted average Combined Loan-to-Value Ratio that is less than 95%, and
(D) with respect to Confirming Loans that are FHA Loans or VA Loans, (i) the
weighted average Combined Loan-to-Value Ratio has been reported, in a Servicer
Monthly Report, as greater than 100%, (ii) a period of seven Business Days has
elapsed from the date of receipt of such report by the Administrative Agent and
(iii) the Servicer has not reported to the Administrative Agent a revised
weighted average Combined Loan-to-Value Ratio that is less than 100%.
          (s) The definition of “Drawdown Termination Date” in Exhibit D-1 of
the Collateral Agency Agreement is hereby amended by deleting the words
“September 21, 2007” in clause (a) therein and replacing them with
“September 28, 2007”.
          (t) The definition of “Eligible Mortgage Loan” in Exhibit D-1 of the
Collateral Agency Agreement is hereby amended by adding the following to the end
of clause (b) of such definition: “and is not a Bridge Loan;”.
          (u) Exhibit D-1 of the Collateral Agency Agreement is hereby amended
by deleting the definition of “FICO Score Trigger Event” in its entirety and
replacing it with the following:
“FICO Score Trigger Event” means that (A) with respect to Alt-A Loans, (i) the
Pool Weighted Average FICO Score has been reported, in a Servicer Monthly
Report, as less than 690, (ii) a period of seven Business Days has elapsed from
the date of receipt of such report by the Administrative Agent and (iii) the
Servicer has not reported to the Administrative Agent a revised Pool Weighted
Average FICO Score that exceeds 690, (B) with respect to Jumbo Loans, not
including Super Jumbo Loans, (i) the Pool Weighted Average Jumbo FICO Score has
been reported, in a Servicer Monthly Report, as less than 700, (ii) a period of
seven Business Days has elapsed from the date of receipt of such report by the
Administrative Agent and (iii) the Servicer has not reported to the

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Administrative Agent a revised Pool Weighted Average Jumbo FICO Score that
exceeds 700, and (C) with respect to Super Jumbo Loans, (i) the Pool Weighted
Average Super Jumbo FICO Score has been reported, in a Servicer Monthly Report,
as less than 700, (ii) a period of seven Business Days has elapsed from the date
of receipt of such report by the Administrative Agent and (iii) the Servicer has
not reported to the Administrative Agent a revised Pool Weighted Average Super
Jumbo FICO Score that exceeds 700.
          (v) The definition of “Jumbo Loan “ in Exhibit D-1 of the Collateral
Agency Agreement is hereby amended by removing “$1,000,000” each time such
number appears and replacing it with “$750,000” and by removing “$1,500,000”
each time such number appears and replacing it with “$2,000,000”.
          (w) Exhibit D-1 of the Collateral Agency Agreement is hereby amended
by adding the following definition:
“Loan-to-Value Ratio Trigger Event” means that (A) with respect to Alt-A Loans,
(i) the weighted average Loan-to-Value Ratio has been reported, in a Servicer
Monthly Report, as greater than 80%, (ii) a period of seven Business Days has
elapsed from the date of receipt of such report by the Administrative Agent and
(iii) the Servicer has not reported to the Administrative Agent a revised
weighted average Loan-to-Value Ratio that is less than 80%, (B) with respect to
Jumbo Loans, not including Super Jumbo Loans, (i) the weighted average
Loan-to-Value Ratio has been reported, in a Servicer Monthly Report, as greater
than 85%, (ii) a period of seven Business Days has elapsed from the date of
receipt of such report by the Administrative Agent and (iii) the Servicer has
not reported to the Administrative Agent a revised weighted average
Loan-to-Value Ratio that is less than 85%, (C) with respect to Super Jumbo
Loans, (i) the weighted average Loan-to-Value Ratio has been reported, in a
Servicer Monthly Report, as greater than 75%, (ii) a period of seven Business
Days has elapsed from the date of receipt of such report by the Administrative
Agent and (iii) the Servicer has not reported to the Administrative Agent a
revised weighted average Loan-to-Value Ratio that is less than 75% and (D) with
respect to Confirming Loans that are FHA Loans or VA Loans, (i) the weighted
average Loan-to-Value Ratio has been reported, in a Servicer Monthly Report, as
greater than 100%, (ii) a period of seven Business Days has elapsed from the
date of receipt of such report by the Administrative Agent and (iii) the
Servicer has not reported to the Administrative Agent a revised weighted average
Loan-to-Value Ratio that is less than 100%.
          (x) The definition of “Market Value” in Exhibit D-1 of the Collateral
Agency Agreement is hereby amended by deleting the definition in its entirety
and replacing it with the following:
“Market Value” means at the time determined, for any Mortgage Loan the value as
provided by the Administrative Agent on behalf of the Managing Agents based on
the values provided to the Administrative Agent by the Managing Agents. Each
Managing Agent shall provide the Administrative Agent a determination of market
value, which may be determined on a weighted average basis for the Mortgage
Loans (based on the then most recent Mortgage Loan Data Report) as calculated by
a third party which may

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be an Affiliate of such Managing Agent each Friday by 4:00 p.m. (eastern
daylight time), and if such Friday is not a Business Day the immediately
preceding Business Day, and by 8:00 a.m. (eastern daylight time) on any other
Business Day at the option of any Managing Agent. The lowest determination of
market value submitted to the Administrative Agent shall be the Market Value for
purposes of clause (A)(3) of the definition of Collateral Value.
          (y) Exhibit D-1 of the Collateral Agency Agreement is hereby amended
by adding the following definition:
“Pool Weighted Average Jumbo FICO Score” means, as of any date, an amount,
reported in the most recent Servicer Monthly Report, equal to the ratio of
(a) the sum, for all Jumbo Loans, of the product for each Jumbo Loan of (i) its
FICO Score and (ii) its original principal balance to (b) the sum of the
original principal balances of all Jumbo Loans.
          (z) Exhibit D-1 of the Collateral Agency Agreement is hereby amended
by adding the following definition:
“Pool Weighted Average Super Jumbo FICO Score” means, as of any date, an amount,
reported in the most recent Servicer Monthly Report, equal to the ratio of
(a) the sum, for all Super Jumbo Loans, of the product for each Super Jumbo Loan
of (i) its FICO Score and (ii) its original principal balance to (b) the sum of
the original principal balances of all Super Jumbo Loans.
          (aa) The definition of “Super Jumbo Loan “ in Exhibit D-1 of the
Collateral Agency Agreement is hereby amended by removing “$1,000,000” each time
such number appears and replacing it with “$750,000”.
          (bb) The definition of “Take-Out Commitment” in Exhibit D-1 of the
Collateral Agency Agreement is hereby amended by removing “120” each time such
number appears and replacing it with “90” and by removing “180” each time such
number appears and replacing it with “120”.
     Section 3. Amendments to the Repurchase Agreement.
          (a) The definition of “Advance Rate” in Section 1.01 of the Repurchase
Agreement is hereby amended by deleting the definition in its entirety and
replacing it with the following:
“Advance Rate” means (i) with respect to a Conforming Loan ninety-four percent
(94%), or, with respect to an FHA Loan or a VA Loan, if a Loan-to-Value Ratio
Trigger Event or a Combined Loan-to-Value Ratio Trigger Event has occurred and
is continuing, as reported to the Collateral Agent by the Servicer in the most
recent Servicer Monthly Report, then zero, (ii) with respect to an Alt-A Loan,
ninety-two percent (92%), or, if a FICO Score Trigger Event, a Loan-to-Value
Ratio Trigger Event or a Combined Loan-to-Value Ratio Trigger Event has occurred
and is continuing, as reported to the Collateral Agent by the Servicer in the
most recent Servicer Monthly Report, then zero,

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(iii) with respect to a Jumbo Loan, not including a Super Jumbo Loan, ninety-two
percent (92%), or, if a FICO Score Trigger Event, a Loan-to-Value Ratio Trigger
Event or a Combined Loan-to-Value Ratio Trigger Event has occurred and is
continuing, as reported to the Collateral Agent by the Servicer in the most
recent Servicer Monthly Report, then zero, (iv) with respect to a Super Jumbo
Loan, ninety percent (90%), or, if a FICO Score Trigger Event, a Loan-to-Value
Ratio Trigger Event or a Combined Loan-to-Value Ratio Trigger Event has occurred
and is continuing, as reported to the Collateral Agent by the Servicer in the
most recent Servicer Monthly Report, then zero and (v) with respect to a Special
Mortgage Loan, one percent (1%) less than the Advance Rate otherwise applicable
to the type of Mortgage Loan in clauses (i) — (iv) above, which corresponds to
the type of Mortgage Loan which the Special Mortgage Loan is.
          (b) Section 1.01 of the Repurchase Agreement is hereby amended by
adding the following definition of Bridge Loan:
“Bridge Loan” means a second mortgage secured by the individual borrower’s
former home that is listed or under contract and is provided to the individual
borrower to assist them in purchasing a new Pulte home. A Bridge Loan shall have
a Take-Out Commitment issued by Pulte Homes, Inc. and is a Second Lien Loan.
          (c) Section 1.01 of the Repurchase Agreement is hereby amended by
adding the following definition of Collateral Proceeds:
“Collateral Proceeds” shall have the meaning given it in the Second Restated
Loan Agreement.
          (d) The definition of “Collateral Value” in Section 1.01 of the
Repurchase Agreement is hereby amended by deleting clause (A) in its entirety
and replacing it with the following:
     (A) with respect to each Eligible Mortgage Loan and at all times, an amount
equal to the product of the Advance Rate for such Eligible Mortgage Loan
multiplied by the least of:
               (1) the lesser of the original principal amount of such Eligible
Mortgage Loan or the acquisition price paid by Pulte Mortgage on the closing and
funding of such Eligible Mortgage Loan;
               (2) for each Eligible Mortgage Loan, an amount determined by
multiplying (a) the weighted average purchase price (expressed as a percentage
of par) that Approved Investors are obligated to pay, pursuant to Take-Out
Commitments with respect to all Non-Conforming Loans and with respect to all
Conforming Loans, the weighted average purchase price (expressed as a percentage
of par) for any Mortgage Loan that is the subject of a Hedge as such weighted
average purchase prices are reported by the Servicer to the Administrative Agent
along with the then most recent Mortgage Loan Data Report, times (b) the
outstanding principal amount of such Eligible Mortgage Loan; and

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               (3) the Market Value of such Eligible Mortgage Loan; and
          (e) The definition of “Collateral Value” in Section 1.01 of the
Repurchase Agreement is hereby amended by deleting clause (a) in its entirety
and replacing it with the following:
(a) at any time, the portion of total Collateral Value that may be attributable
to Jumbo Loans shall not exceed ten percent (10%) of the Maximum Facility
Amount; provided that (i) if an Obligor on any Jumbo Loan shall have a FICO
Score of less than 650, or (ii) if a Jumbo Loan shall have a Loan-to-Value Ratio
of more than 80% or a Combined Loan-to-Value Ratio of more than 95%, such
Mortgage Loan shall have a Collateral Value of zero;
          (f) The definition of “Collateral Value” in Section 1.01 of the
Repurchase Agreement is hereby amended by deleting clause (b) in its entirety
and replacing it with the following:
(b) at any time, the portion of total Collateral Value that may be attributable
to Super Jumbo Loans shall not exceed two and a half percent (2.5%) of the
Maximum Facility Amount, which percentage is a sublimit of clause
(a) representing 25% of the 10% set forth in clause (a) provided that (i) if an
Obligor on any Super Jumbo Loan shall have a FICO Score of less than 650, or
(ii) if a Super Jumbo Loan shall have a Loan-to-Value Ratio of more than 75% or
a Combined Loan-to-Value Ratio of more than 95%, such Mortgage Loan shall have a
Collateral Value of zero;
          (g) The definition of “Collateral Value” in Section 1.01 of the
Repurchase Agreement is hereby amended by deleting clause (c) in its entirety
and replacing it with the following:
(c)(i) at any time, the portion of total Collateral Value that may be
attributable to Alt-A Loans, shall not exceed twenty-five percent (25%) of the
Maximum Facility Amount; provided that at any time, the portion of total
Collateral Value that may be attributable to Alt-A Loans, with a principal
amount greater than $600,000 but not in excess of $1,000,000 shall not exceed
seven and a half (7.5%) of the Maximum Facility Amount which represents 30% of
the 25% set forth in this clause (c)(i) above; provided further that (A) if an
Obligor on any Alt-A Loan shall have a FICO Score of less than 650, or (B) if an
Alt-A Loan shall have a Loan-to-Value Ratio or a Combined Loan-to-Value Ratio of
more than 95%, such Mortgage Loan shall have a Collateral Value of zero; (ii) at
any time, the portion of Collateral Value attributable to Forty Year Alt-A Loans
shall be zero and (iii) at any time, the portion of Collateral Value that may be
attributable to Pay Option ARMs shall be zero at any time, the portion of
Collateral Value that may be attributable to Alt-A Loans in excess of $1,000,000
shall be zero;
          (h) The definition of “Collateral Value” in Section 1.01 of the
Repurchase Agreement is hereby amended by deleting clause (d) in its entirety
and replacing it with the following:

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(d) at any time, the portion of total Collateral Value that may be attributable
to Subprime Loans shall be zero;
          (i) The definition of “Collateral Value” in Section 1.01 of the
Repurchase Agreement is hereby amended by deleting clause (e) in its entirety
and replacing it with the following: (e) [Reserved].
          (j) The definition of “Collateral Value” in Section 1.01 of the
Repurchase Agreement is hereby amended by deleting clause (h) in its entirety
and replacing it with the following:
(h) at any time, the portion of total Collateral Value that may be attributable
to Mortgage Loans that have been Eligible Mortgage Loans for more than 90 days
shall be zero; except the portion of total Collateral Value that may be
attributable to Mortgage Loans that have been Eligible Mortgage Loans for more
than 90 days but less than 120 days shall not exceed thirty percent (30%) of the
Maximum Facility Amount;
          (k) The definition of “Collateral Value” in Section 1.01 of the
Repurchase Agreement is hereby amended by deleting clause (k) in its entirety
and replacing it with the following:
(k) at any time, the portion of total Collateral Value that may be attributable
to Second Lien Loans shall be zero;
          (l) The definition of “Collateral Value” in Section 1.01 of the
Repurchase Agreement is hereby amended by deleting clause (l) to such definition
and replacing it with the following:
(l) at any time, the portion of total Collateral Value that may be attributable
to Forty Year Conforming Loans shall not exceed five percent (5%) of the Maximum
Facility Amount;
          (m) The definition of “Collateral Value” in Section 1.01 of the
Repurchase Agreement is hereby amended by adding the following as clause (m):
(m) at any time, the portion of total Collateral Value that may be attributable
to Non-Conforming Loans shall not exceed twenty-five percent (25%) of the
Maximum Facility Amount; except the portion of total Collateral Value that may
be attributable to Non-Conforming Loans during the months of December and
January shall not exceed thirty-five percent (35%) of the Maximum Facility
Amount;
          (n) The definition of “Collateral Value” in Section 1.01 of the
Repurchase Agreement is hereby amended by adding the following as clause (n):
(n) at any time with the deliverance of the Mortgage Loan Data Report by the
Servicer the portion of total Collateral Value that may be attributable to
Mortgage Loans that do not have verified assets and income (i.e., stated assets
and stated income, or no assets and no income) shall be zero and (ii) the
portion of Collateral Value that may be

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attributable to Mortgage Loans that have either stated assets or stated income
shall not exceed fifteen percent (15%) of the Maximum Facility Amount;
          (o) The definition of “Collateral Value” in Section 1.01 of the
Repurchase Agreement is hereby amended by adding the following as clause (o):
(o) at any time, (i) the portion of total Collateral Value that may be
attributable to Mortgage Loans with Obligors who do not occupy the related
dwelling shall not exceed ten percent (10%) of the Maximum Facility Amount;
          (p) The definition of “Collateral Value” in Section 1.01 of the
Repurchase Agreement is hereby amended by adding the following as clause (p):
(p) at any time, the portion of total Collateral Value that may be attributable
to FHA Loans or VA Loans with a Loan-to-Value Ratio or Combined Loan-to-Value
Ratio greater than 100% shall be zero; and
          (q) The definition of “Collateral Value” in Section 1.01 of the
Repurchase Agreement is hereby amended by adding the following as clause (q):
(q) at any time the portion of Collateral Value that may be attributable to
Non-Conforming Loans with a combined outstanding principal balance in excess of
the combined outstanding principal balance of Conforming Loans shall be zero.
          (r) Section 1.01 of the Repurchase Agreement is hereby amended by
adding the following definition:
“Combined Loan-to-Value Ratio Trigger Event” means that (A) with respect to
Alt-A Loans, (i) the weighted average Combined Loan-to-Value Ratio has been
reported, in a Servicer Monthly Report, as greater than 95%, (ii) a period of
seven Business Days has elapsed from the date of receipt of such report by the
Administrative Agent and (iii) the Servicer has not reported to the
Administrative Agent a revised weighted average Combined Loan-to-Value Ratio
that is less than 95%, (B) with respect to Jumbo Loans, not including Super
Jumbo Loans, (i) the weighted average Combined Loan-to-Value Ratio has been
reported, in a Servicer Monthly Report, as greater than 95%, (ii) a period of
seven Business Days has elapsed from the date of receipt of such report by the
Administrative Agent and (iii) the Servicer has not reported to the
Administrative Agent a revised weighted average Combined Loan-to-Value Ratio
that is less than 95%, (C) with respect to Super Jumbo Loans, (i) the weighted
average Combined Loan-to-Value Ratio has been reported, in a Servicer Monthly
Report, as greater than 95%, (ii) a period of seven Business Days has elapsed
from the date of receipt of such report by the Administrative Agent and
(iii) the Servicer has not reported to the Administrative Agent a revised
weighted average Combined Loan-to-Value Ratio that is less than 95%, and
(D) with respect to Confirming Loans that are FHA Loans or VA Loans, (i) the
weighted average Combined Loan-to-Value Ratio has been reported, in a Servicer
Monthly Report, as greater than 100%, (ii) a period of seven Business Days has
elapsed from the date of receipt of such report by the Administrative Agent and
(iii) the Servicer has not

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reported to the Administrative Agent a revised weighted average Combined
Loan-to-Value Ratio that is less than 100%.
          (s) The definition of “Eligible Mortgage Loan” in Section 1.01 of the
Repurchase Agreement is hereby amended by adding the following to the end of
clause (b) of such definition: “and is not a Bridge Loan;”.
          (t) The definition of “Facility Termination Date” in Section 1.01 of
the Repurchase Agreement is hereby amended by deleting the words “September 21,
2007” in clause (a) therein and replacing them with “September 28, 2007”.
          (u) Section 1.01 of the Repurchase Agreement is hereby amended by
deleting the definition of “FICO Score Trigger Event” in its entirety and
replacing it with the following:
“FICO Score Trigger Event” means that (A) with respect to Alt-A Loans, (i) the
Pool Weighted Average FICO Score has been reported, in a Servicer Monthly
Report, as less than 690, (ii) a period of seven Business Days has elapsed from
the date of receipt of such report by the Administrative Agent and (iii) the
Servicer has not reported to the Administrative Agent a revised Pool Weighted
Average FICO Score that exceeds 690, (B) with respect to Jumbo Loans, not
including Super Jumbo Loans, (i) the Pool Weighted Average Jumbo FICO Score has
been reported, in a Servicer Monthly Report, as less than 700, (ii) a period of
seven Business Days has elapsed from the date of receipt of such report by the
Administrative Agent and (iii) the Servicer has not reported to the
Administrative Agent a revised Pool Weighted Average Jumbo FICO Score that
exceeds 700, and (C) with respect to Super Jumbo Loans, (i) the Pool Weighted
Average Super Jumbo FICO Score has been reported, in a Servicer Monthly Report,
as less than 700, (ii) a period of seven Business Days has elapsed from the date
of receipt of such report by the Administrative Agent and (iii) the Servicer has
not reported to the Administrative Agent a revised Pool Weighted Average Super
Jumbo FICO Score that exceeds 700.
          (v) The definition of “Jumbo Loan “ in Section 1.01 of the Repurchase
Agreement is hereby amended by removing “$1,000,000” each time such number
appears and replacing it with “$750,000” and by removing “$1,500,000” each time
such number appears and replacing it with “$2,000,000”.
          (w) Section 1.01 of the Repurchase Agreement is hereby amended by
adding the following definition:
“Loan-to-Value Ratio Trigger Event” means that (A) with respect to Alt-A Loans,
(i) the weighted average Loan-to-Value Ratio has been reported, in a Servicer
Monthly Report, as greater than 80%, (ii) a period of seven Business Days has
elapsed from the date of receipt of such report by the Administrative Agent and
(iii) the Servicer has not reported to the Administrative Agent a revised
weighted average Loan-to-Value Ratio that is less than 80%, (B) with respect to
Jumbo Loans, not including Super Jumbo Loans, (i) the weighted average
Loan-to-Value Ratio has been reported, in a Servicer Monthly Report, as greater
than 85%, (ii) a period of seven Business Days has elapsed from the date of
receipt of such report by the Administrative Agent and (iii) the Servicer has
not reported

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to the Administrative Agent a revised weighted average Loan-to-Value Ratio that
is less than 85%, (C) with respect to Super Jumbo Loans, (i) the weighted
average Loan-to-Value Ratio has been reported, in a Servicer Monthly Report, as
greater than 75%, (ii) a period of seven Business Days has elapsed from the date
of receipt of such report by the Administrative Agent and (iii) the Servicer has
not reported to the Administrative Agent a revised weighted average
Loan-to-Value Ratio that is less than 75% and (D) with respect to Confirming
Loans that are FHA Loans or VA Loans, (i) the weighted average Loan-to-Value
Ratio has been reported, in a Servicer Monthly Report, as greater than 100%,
(ii) a period of seven Business Days has elapsed from the date of receipt of
such report by the Administrative Agent and (iii) the Servicer has not reported
to the Administrative Agent a revised weighted average Loan-to-Value Ratio that
is less than 100%.
          (x) The definition of “Market Value” in Section 1.01 of the Repurchase
Agreement is hereby amended by deleting the definition in its entirety and
replacing it with the following:
“Market Value” means at the time determined, for any Mortgage Loan the value as
provided by the Administrative Agent on behalf of the Managing Agents based on
the values provided to the Administrative Agent by the Managing Agents. Each
Managing Agent shall provide the Administrative Agent a determination of market
value, which may be determined on a weighted average basis for the Mortgage
Loans (based on the then most recent Mortgage Loan Data Report) as calculated by
a third party which may be an Affiliate of such Managing Agent each Friday by
4:00 p.m. (eastern daylight time), and if such Friday is not a Business Day the
immediately preceding Business Day, and by 8:00 a.m. (eastern daylight time) on
any other Business Day at the option of any Managing Agent. The lowest
determination of market value submitted to the Administrative Agent shall be the
Market Value for purposes of clause (A)(3) of the definition of Collateral
Value.
          (y) Section 1.01 of the Repurchase Agreement is hereby amended by
adding he following definition:
“Pool Weighted Average Jumbo FICO Score” means, as of any date, an amount,
reported in the most recent Servicer Monthly Report, equal to the ratio of
(a) the sum, for all Jumbo Loans, of the product for each Jumbo Loan of (i) its
FICO Score and (ii) its original principal balance to (b) the sum of the
original principal balances of all Jumbo Loans.
          (z) Section 1.01 of the Repurchase Agreement is hereby amended by
adding the following definition:
“Pool Weighted Average Super Jumbo FICO Score” means, as of any date, an amount,
reported in the most recent Servicer Monthly Report, equal to the ratio of
(a) the sum, for all Super Jumbo Loans, of the product for each Super Jumbo Loan
of (i) its FICO Score and (ii) its original principal balance to (b) the sum of
the original principal balances of all Super Jumbo Loans.

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          (aa) The definition of “Super Jumbo Loan” in Section 1.01 of the
Repurchase Agreement is hereby amended by removing “$1,000,000” each time such
number appears and replacing it with “$750,000”.
          (bb) The definition of “Take-Out Commitment” in Section 1.01 of the
Repurchase Agreement is hereby amended by removing “120” each time such number
appears and replacing it with “90” and by removing “180” each time such number
appears and replacing it with “120”.
          (cc) Section 2.07 of the Repurchase Agreement is hereby amended by
deleting such section in its entirety and replacing it with the following:
     Section 2.07. Intent of the Seller and Buyer:
     Paragraph 6 of the Master Repurchase Agreement is hereby deleted and
replace with the following:
The parties to this Agreement intend that each Transaction constitutes “a
‘repurchase agreement’ as that term is defined in Section 101 of Title 11 of the
United States Code, as amended” and further constitutes “a ‘securities contract’
as that term is defined in Section 747 of Title 11 of the United States Code, as
amended.”
The Seller and the Buyer have structured this Agreement with the intention that
each Purchase of Mortgage Assets hereunder be treated as a sale of such Mortgage
Assets by the Seller to the Buyer for all purposes. The Seller and the Buyer
shall record each related Purchase on its books and records, and reflect each
related Purchase in its financial statements, in accordance with GAAP, and the
Seller and the Buyer shall report each related Purchase on its tax returns as
required by applicable tax law. In the event that, contrary to the mutual intent
of the Seller and the Buyer, any Purchase of Mortgage Assets hereunder is not
characterized as a sale or absolute transfer, the Seller shall, effective as of
the date hereof, be deemed to have granted (and the Seller hereby does grant) to
the Buyer a first priority security interest in and to any and all Mortgage
Assets, the related Mortgage Loan Collateral and Collateral Proceeds with
respect thereto and the proceeds thereof to secure the repayment of all amounts
advanced to the Seller hereunder with accrued interest thereon, and this
Agreement shall be deemed to be a security agreement.
          (a) Schedule III to the Repurchase Agreement is hereby deleted in its
entirety and replace with the Schedule III attached as ANNEX A hereto.
     Section 4. Operative Documents in Full Force and Effect as Amended.
          Except as specifically amended hereby, all of the provisions of the
Operative Documents and all of the provisions of all other documentation
required to be delivered with respect thereto shall remain in full force and
effect from and after the date hereof.

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     Section 5. Miscellaneous.
          (a) This Amendment may be executed in any number of counterparts and
by different parties hereto in separate counterparts, each of which, when so
executed, shall be deemed to be an original and all of which, when taken
together, shall not constitute a novation of any Operative Document but shall
constitute an amendment thereof. The parties hereto agree to be bound by the
terms and conditions of each Operative Document, as amended by this Amendment,
as though such terms and conditions were set forth herein.
          (b) The descriptive headings of the various sections of this Amendment
are inserted for convenience of reference only and shall not be deemed to affect
the meaning or construction of any of the provisions hereof.
          (c) This Amendment may not be amended or otherwise modified except as
provided in each respective Operative Agreement.
          (d) This Amendment and the rights and obligations of the parties under
this Amendment shall be governed by, and construed in accordance with, the laws
of the state of New York (without giving effect to the conflict of laws
principles thereof, other than Section 5-1401 of the New York General
Obligations Law, which shall apply hereto).

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          IN WITNESS WHEREOF, the parties have agreed to and caused this
Amendment to be executed by their respective officers thereunto duly authorized,
as of the date first above written.

            PULTE FUNDING, INC.,
as the Borrower and the Buyer
      By:   /s/ David M. Bruining         Name:   David M. Bruining       
Title:   VP/CFO        PULTE MORTGAGE LLC,
as the Servicer and the Seller
      By:   /s/ John D’Agostino         Name:   John D’Agostino        Title:  
VP/Treasurer     

[Page 1 of 5 to Sixth Pulte Amendment]

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            CALYON NEW YORK BRANCH, as a Bank, as a
Managing Agent and as the Administrative Agent
      By:   /s/ Kostantina Kourmpetis         Name:   Kostantina Kourmpetis     
  Title:   Managing Director              By:   /s/ Philippe Soustra        
Name:   Philippe Soustra        Title:   Executive Vice President       
ATLANTIC ASSET SECURITIZATION LLC,
as an Issuer
      By:   Calyon New York Branch, as Attorney-In-Fact             By:   /s/
Kostantina Kourmpetis         Name:   Kostantina Kourmpetis        Title:  
Managing Director              By:   /s/ Philippe Soustra         Name:  
Philippe Soustra        Title:    Executive Vice President        LA FAYETTE
ASSET SECURITIZATION LLC,
as an Issuer
      By:   Calyon New York Branch, as Attorney-In-Fact             By:   /s/
Kostantina Kourmpetis         Name:   Kostantina Kourmpetis        Title:  
Managing Director              By:   /s/ Philippe Soustra         Name:  
Philippe Soustra        Title:   Executive Vice President     

[Page 2 of 5 to Sixth Pulte Amendment]

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            LLOYDS TSB BANK PLC,
as a Bank
      By:   /s/ Michelle White         Name:   Michelle White        Title:  
Associate Director W154              By:   /s/ Kathy Simmons         Name:  
Kathy Simmons        Title:   Managing Director S034     

[Page 3 of 5 to Sixth Pulte Amendment]

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            LASALLE BANK NATIONAL ASSOCIATION,
as the Collateral Agent
      By:   /s/ Gerald T. Sajdak         Name:   Gerald T. Sajdak       
Title:   Vice President     

[Page 4 of 5 to Sixth Pulte Amendment]

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            JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,
as a Bank and as a Managing Agent
      By:   /s/ Jill T. Lane         Name:   Jill T. Lane        Title:   Vice
President        JS SILOED TRUST,
as an Issuer
      By:   JPMorgan Chase Bank, N.A., Administrative Trustee         By:   /s/
Jill T. Lane         Name:   Jill T. Lane        Title:   Vice President     

[Page 5 of 5 to Sixth Pulte Amendment]

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ANNEX A
Schedule II to the Loan Agreement
Schedule III to the Collateral Agency Agreement
Schedule III to the Repurchase Agreement
APPROVED INVESTORS

                      Take-Out Investors   Limit   Moody’s LT/ST   S&P LT/ST  
Rated Entity  
ABN AMRO Incorporated
    100 %   Aa3/P-1   AA-/A-1+   Fitch AA-/F1+
Astoria Financial Corp.
    25 %   Baa1   BBB-/A-2   Fitch BBB+/F2
Aurora Loan Services, Inc.
    100 %   A1/P-1   A/A1   Fitch A+/F1
Banc of America Securities LLC
    100 %   P-1   A-1+   Fitch F1+
Banc One Capital Markets, Inc.
    100 %   A1   BBB   Fitch F2
Banc One Corp.
    100 %   A1   BBB   Fitch F2
Bank of America Mortgage
    100 %   P-1   A-1+   Fitch F1+
Barclays Capital Inc.
    100 %   P-1   A-1+   Fitch F1+
Bear, Stearns & Co., Inc.
    100 %   P-1   A-1   Fitch F1+
BNP Paribas Securities Corp.
    100 %   P-1   A-1   Fitch F1+
Charter One Financial Inc.
    10 %   NR   WR    
Chase Financial Corp.
    100 %   Aa3/P-1   A+/A1   Fitch A+/F1
Chase Manhattan Mortgage Corporation
    100 %   Aa3/P-1   A+/A1   Fitch A+/F1
Chase Securities Inc.
    100 %   Aa3/P-1   A+/A1   Fitch A+/F1
CIBC World Markets Corp.
    100 %   Aa3/P-1   NR    
Citicorp Mortgage Corp.
    100 %   Aa1/P-1   AA-/A-1+   Fitch AA+/F1+
Colorado Housing Finance Authority
    100 %   Aaa   AA-/A1+    
Commercial Federal Corp.
    10 %   WR   BB+   Fitch BBB-/F3
Countrywide (Conforming Loans)
    100 %   A3/P-2   A/A-1   Fitch A/F1
(Non-Conforming Loans)
    20 %            
CSFB
    100 %   Aa3/P-1   A+/A-1   Fitch AA-/F1+
Daiwa Securities America, Inc.
    25 %   Baa3   BBB/A-2   Fitch BBB/F2
Dakota County Bond (Minnesota)
    100 %   Aaa   NR    
Deutsche Bank Securities Inc.
    100 %   Aa3/P-1   AA-/A-1+   Fitch AA-/F1+

 

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                      Take-Out Investors   Limit   Moody’s LT/ST   S&P LT/ST  
Rated Entity  
Dresdner Kleinwort Benson North America LLC
    100 %   A1/P-1   A/A-1   Fitch A/F1
E*Trade
    10 %   Ba3   BB    
Federal Home Mortgage Corp.
    100 %   Aaa/P-1   AAA/ A1+      
Federal National Mortgage Association
    100 %   Aaa/P-1   AAA    
Fidelity Bancshares, Inc.
    100 %   Aa3/P-1   AA-/A-1+   Fitch A+
First Nationwide Mortgage Corporation
    10 %   NR   NR    
First Union Mortgage Corporation
    100 %   Aa3/P-1   A+/A-1   Fitch AA-/F1+
Fleet Mortgage group
    100 %   Aa2/WR   WR   Fitch AA-/F1+
Florida Housing Finance Agency
    100 %   Aa1   NR    
Fuji Securities Inc.
    100 %   WR   A2   Fitch WR
GE Capital Mortgage Services Inc.
    100 %   Aaa/P-1   AAA/A-1+    
GMAC Mortgage
    25 %   Baa2/P-2   BB/B-1   Fitch BB+/B
Goldman, Sachs & Co.
    100 %   Aa3/P-1   A+/A-1   Fitch AA-/F1+
Government National Mortgage Association.
    100 %   Aaa   AAA    
Greenwich Capital Markets, Inc.
    100 %   Aa3   AA-   Fitch F1+
Homeside Lending Inc.
    10 %   WR   WR   Fitch WR
Housing Finance Authority of Broward County (FL)
    10 %   Aaa   NR    
Illinois Housing Development Authority
    100 %   Aaa   AA-/A1+    
Indy Mac (Independent National Mortgage Corp.)
    10 %   NR   BB+   Fitch BBB-/F2
J. P. Morgan Securities, Inc.
    100 %   Aa3/P-1   A+/A1   Fitch A+/F1
Leader Mortgage Corp.
    10 %   NR   NR    
Lehman Brothers Inc.
    100 %   A1/P-1   A/A1   Fitch A+/F1
Long Beach Financial Corp.
    10 %   NR   NR    
Maryland Housing Opportunities Commission (HOC)
    10 %   NR   NR    
Merrill Lynch Government Securities Inc.
    100 %   Aa3/P-1   A+/A-1   Fitch AA-/F1+
Minnesota Housing Finance Agency
    10 %   NR   NR    
Morgan Stanley & Co. Incorporated
    100 %   Aa3/P-1   A+/A1   Fitch A+/F1
Nesbitt Burns Securities Inc.
    100 %   Aa3/P-1   AA-/A-1+   Fitch AA-/F1+
Nevada State Housing Finance Agency
    10 %   NR   NR    
New Jersey Housing Finance Agency
    10 %   NR   NR    
Nomura Securities International, Inc.
    25 %   Baa1   BBB+/A-2   Fitch BBB/F2
North Carolina HFA
    100 %   Aa3   AA-/A1+    
Ohio Savings Financial Corp. (Ohio Savings Bank)
    10 %   NR   NR    
Opteum Financial Services
    10 %   NR   NR    
PaineWebber Incorporated
    100 %   Aa2/P-1   WR   Fitch AA+/F1+
Pinellas County Finance Authority
    100 %   Aaa   A-      
Pulte Corporation
    10 %   Baa3   BBB-   Fitch BBB+
Residential Mortgage Inc.
    10 %   NR   NR    
Salomon Smith Barney
    100 %   Aa1/P-1   AA-/A-1+   Fitch AA+/F1+
Saxon Mortgage, Inc.
    10 %   NR   NR    
SG Cowen Securities Corporation
    100 %   Aa2/P-1   AA-/A-1+   Fitch AA-/F1+
Texas Department of Housing and Community Affairs (TDHCA)
    10 %   Aaa   AA/A1+    
Texas Veteran Land Bond and bon VLB Loans
    10 %   NR   NR    
The Industrial Development Authority of the County of Maricopa, AZ
    100 %   WR   A/A1    
The Industrial Development Authority of the County of Pima, AZ
    10 %   Ba3   B+    
UBS Warburg LLC
    100 %   Aa2/P-1   AA+/A-1+   Fitch AA+/F1+
Washington Mutual (formerly Alta Residential Mortgage)
    100 %   A3/P-2   A-/A-2   Fitch A/F1
Wells Fargo Funding, Inc. (formerly Norwest mortgage)
    100 %   Aa1/P-1   AA-/A-1+   Fitch AA/F1+
Wells Fargo Mortgage Resources (formerly Director’s Acceptance)
    100 %   Aa1/P-1   AA-/A-1+   Fitch AA/F1+
Zions First National Bank
    100 %   A2/P-1   A-/A-2   Fitch A-/F1