EXHIBIT 10.35
 
AMENDMENT NO. 19
TO MASTER REPURCHASE AGREEMENT
 
Amendment No. 19, dated as of December 31, 2004 (this “Amendment”), between
CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC (the “Buyer”) and UNITED
FINANCIAL MORTGAGE CORP. (the “Seller”).
 
RECITALS
 
The Buyer and the Seller are parties to that certain Master Repurchase
Agreement, dated as of August 29, 2001, as amended by Amendment No. 1, dated as
of August 28, 2002, Amendment No. 2, dated as of September 3, 2002, Amendment
No. 3, dated as of September 26, 2002, Amendment No. 4, dated as of October 1,
2002, Amendment No. 5, dated as of December 2, 2002, Amendment No. 6 dated as of
January 30, 2003, Amendment No. 7, dated as of March 15, 2003, Amendment No. 8,
dated as of May 30, 2003, Amendment No. 9, dated as of July 16, 2003, Amendment
No. 10, dated as of July 23, 2003, Amendment No. 11, dated as of August 27,
2003, Amendment No. 12, dated as of December 16, 2003, Amendment No. 13, dated
as of February 2, 2004, Amendment No. 14, dated as of March 31, 2004, Amendment
No. 15, dated as of April 22, 2004, Amendment No. 16, dated as of May 11, 2004,
Amendment No. 17, dated as of August 24, 2004 and Amendment No. 18, dated as of
October 26, 2004 (the “Existing Repurchase Agreement”; as amended by this
Amendment, the “Repurchase Agreement”). Capitalized terms used but not otherwise
defined herein shall have the meanings given to them in the Existing Repurchase
Agreement.
 
The Buyer and the Seller have agreed, subject to the terms and conditions of
this Amendment, that the Existing Repurchase Agreement be amended to reflect
certain agreed upon revisions to the terms of the Existing Repurchase Agreement.
 
Accordingly, the Buyer and the Seller hereby agree, in consideration of the
mutual premises and mutual obligations set forth herein, that the Existing
Repurchase Agreement is hereby amended as follows:
 
1.1  Definitions.
 
(a)  Section 2 of the Existing Repurchase Agreement is hereby amended by
deleting the definition of “Maximum Aggregate Purchase Price” in its entirety
and replacing it with the following language:
 
““Maximum Aggregate Purchase Price” means TWO HUNDRED MILLION DOLLARS
($200,000,000).”
 
Section 2.  Conditions Precedent. This Amendment shall become effective on
December 31, 2004 (the “Amendment Effective Date”), subject to the satisfaction
of the following conditions precedent:
 
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2.1  Delivered Documents. On the Amendment Effective Date, the Buyer shall have
received the following documents, each of which shall be satisfactory to the
Buyer in form and substance:
 
(a)  this Amendment, executed and delivered by a duly authorized officer of the
Buyer and Seller;
 
(b)  such other documents as the Buyer or counsel to the Buyer may reasonably
request.
 
2.2  Payment of Attorneys’ Fees. On the Amendment Effective Date, the Seller
shall have paid attorneys’ fees to Buyer or its counsel either by payment or by
authorized debit in connection with this Amendment in an amount equal to $750.
 
Section 3.  Representations and Warranties. The Seller hereby represents and
warrants to the Buyer that they are in compliance with all the terms and
provisions set forth in the Repurchase Agreement on their part to be observed or
performed, and that no Event of Default has occurred or is continuing, and
hereby confirm and reaffirm the representations and warranties contained in
Section 13 of the Repurchase Agreement.
 
Section 4.  Limited Effect. Except as expressly amended and modified by this
Amendment, the Existing Repurchase Agreement shall continue to be, and shall
remain, in full force and effect in accordance with its terms.
 
Section 5.  Counterparts. This Amendment may be executed by each of the parties
hereto on any number of separate counterparts, each of which shall be an
original and all of which taken together shall constitute one and the same
instrument.
 
Section 6.  GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO THE
CHOICE OF LAW PROVISIONS THEREOF.
 
[SIGNATURE PAGE FOLLOWS]

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IN WITNESS WHEREOF, the parties have caused their names to be signed hereto by
their respective officers thereunto duly authorized as of the day and year first
above written.
 

Buyer: CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC,
as Buyer

 
By:___________________________________   
Name: Gary Timmerman
Title:
 

Seller: UNITED FINANCIAL MORTGAGE CORP.,
as Seller

 
 
 
By:___________________________________
Name: Steve Khoshabe
Title: President and CEO

 
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