SIXTH AMENDMENT TO 

COMMITMENT TO PURCHASE FINANCIAL INSTRUMENT 

and 

HFA PARTICIPATION AGREEMENT 

This Sixth Amendment to Commitment to Purchase Financial Instrument and HFA Participation 

Agreement (the "Sixth Amendment") is entered into as of the date set forth on Schedule A 

attached hereto as the Sixth Amendment Date (the "Amendment Date"), by and among the 

United States Department of the Treasury ("Treasury"), the undersigned party designated as 

HFA whose description is set forth in Schedule A attached hereto (for convenience, a "state 

housing finance agency" or "HFA") and the undersigned institution designated by HFA to 

participate in the program described below ("Eligible Entity"). 

Recitals 

WHEREAS, Treasury, HFA and Eligible Entity entered into that certain Commitment to 

Purchase Financial Instrument and HFA Participation Agreement (the "Original HP A") dated as 

of the Closing Date, as previously amended by that certain First Amendment to Commitment to 

Purchase Financial Instrument and HFA Participation Agreement (the "First Amendment"), as 

further amended by that certain Second Amendment to Commitment to Purchase Financial 

instrument and HFA Participation Agreement (the "Second Amendment"), as further amended 

by that certain Third Amendment to Commitment to Purchase Financial Instrument and HFA 

Participation Agreement (the "Third Amendment"), as further amended by that certain Fourth 

Amendment to Commitment to Purchase Financial Instrument and HFA Participation Agreement 

(the "Fourth Amendment"), as further amended by that certain Fifth Amendment to Commitment 

to Purchase Financial Instrument and HFA Participation Agreement (the "Fifth Amendment"; 

and together with the Original HPA as amended thereby, by the First Amendment, the Second 

Amendment, the Third Amendment and the Fourth Amendment, the "Current HPA"), dated as of 

their respective dates as set forth on Schedule A attached hereto, in connection with Treasury's 

federal housing program entitled the Housing Finance Agency Innovation Fund for the Hardest 

Hit Housing Markets (the "HHF Program"), which was established pursuant to the Emergency 

Economic Stabilization Act of 2008 (P.L. 110-343), as amended, as the same may be amended 

from time to time ("EESA"); 

WHEREAS, HFA and Eligible Entity submitted a request to Treasury to make certain revisions 

to their Service Schedules and Permitted Expenses, as applicable, and Treasury has agreed to the 

same; 

WHEREAS, HFA, Eligible Entity and Treasury wish to enter into this Sixth Amendment to 

document all approved modifications to the Service Schedules and Permitted Expenses, as 

applicable; 

Accordingly, in consideration of the representations, warranties, and mutual agreements set forth 

herein and for other good and valuable consideration, the receipt and sufficiency of which are 

hereby acknowledged, Treasury, HFA and Eligible Entity agree as follows. 

Sixth Amendment to HPA — Florida 

Doc# US1 8153135v3 
Agreement 

Amendments 

A. Definitions. All references in the Current HPA to the "Agreement" shall mean the 

Current HPA, as further amended by this Sixth Amendment; and all references in the Current 

HPA to Schedules A, B or C shall mean the Schedules A, B or C attached to this Sixth 

Amendment. All references herein to the "HPA" shall mean the Current HPA, as further 

amended by this Sixth Amendment. 

B. Schedule A. Schedule A attached to the Current HPA is hereby deleted in its entirety 

and replaced with Schedule A attached to this Sixth Amendment. 

C. Schedule B. Schedule B attached to the Current HPA is hereby deleted in its entirety 

and replaced with Schedule B attached to this Sixth Amendment. 

D. Schedule C. Schedule C attached to the Current HPA is hereby deleted in its entirety 

and replaced with Schedule C attached to this Sixth Amendment. 

Representations, Warranties and Covenants 

A. HFA and Eligible Entity. HFA and Eligible Entity, each for itself, make the 

following representations, warranties and covenants to Treasury and the truth and accuracy 

of such representations and warranties and compliance with and performance of such 

covenants are continuing obligations of HFA and Eligible Entity, each as to itself. In the 

event that any of the representations or warranties made herein cease to be true and correct or 

HFA or Eligible Entity breaches any of its covenants made herein, HFA or Eligible Entity, as 

the case may be, agrees to notify Treasury immediately and the same shall constitute an 

Event of Default under the HPA. 

(1) HFA and Eligible Entity each hereby certifies, represents and warrants as of the 

date hereof that each of the representations and warranties of HFA or Eligible Entity, as 

applicable, contained in the HPA are true, correct, accurate and complete in all material 

respects as of the date hereof. All covenants of HFA or Eligible Entity, as applicable, 

contained in the HPA shall remain in full force and effect and neither HFA, nor Eligible 

Entity is in breach of any such covenant. 

(2) Eligible Entity has the full corporate power and authority to enter into, execute, 

and deliver this Sixth Amendment and any other closing documentation delivered to 

Treasury in connection with this Sixth Amendment, and to perform its obligations 

hereunder and thereunder. 

(3) HFA has the full legal power and authority to enter into, execute, and deliver this 

Sixth Amendment and any other closing documentation delivered to Treasury in 

connection with this Sixth Amendment, and to perform its obligations hereunder and 

thereunder. 

-2-

Doc#:USl:8153I35v3 
3. Miscellaneous 

A. The recitals set forth at the beginning of this Sixth Amendment are true and accurate 

and are incorporated herein by this reference. 

B. Capitalized terms used but not defined herein shall have the meanings ascribed to 

them in the HPA. 

C. Any provision of the HPA that is determined to be prohibited or unenforceable in any 

jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or 

unenforceability without invalidating the remaining provisions of the HPA, and no such 

prohibition or unenforceability in any jurisdiction shall invalidate such provision in any other 

jurisdiction. 

D. This Sixth Amendment may be executed in two or more counterparts (and by 

different parties on separate counterparts), each of which shall be deemed an original, but all 

of which together shall constitute one and the same instrument. Facsimile or electronic 

copies of this Sixth Amendment shall be treated as originals for all purposes. 

[SIGNATURE PAGE FOLLOWS; REMAINDER OF PAGE 

INTENTIONALLY LEFT BLANK] 

Doc# US1 8153135v3 
In Witness Whereof, HFA, Eligible Entity and Treasury by their duly authorized officials 

hereby execute and deliver this Sixth Amendment to Commitment to Purchase Financial 

Instrument and HFA Participation Agreement as of the Amendment Date. 

HFA: TREASURY: 

FLORIDA HOUSING FINANCE 

CORPORATION 

UNITED STATES DEPARTMENT OF THE 

TREASURY 

By: /s/ Stephen P. Auger 

Name: Stephen P. Auger 

Title: Executive Director 

By: 

Name: Timothy G. Massad 

Title: Assistant Secretary for 

Financial Stability 

ELIGIBLE ENTITY: 

FLORIDA HOUSING FINANCE 

CORPORATION 

By: /s/ Stephen P. Auger 

Name: Stephen P. Auger 

Title: Executive Director 

[Signature Page to Sixth Amendment to HPA — Florida] 
In Witness Whereof, HFA, Eligible Entity and Treasury by their duly authorized officials 

hereby execute and deliver this Sixth Amendment to Commitment to Purchase Financial 

Instrument and HFA Participation Agreement as of the Amendment Date. 

HFA: TREASURY: 

FLORIDA HOUSING FINANCE 

CORPORATION 

UNITED STATES DEPARTMENT OF THE 

TREASURY 

By: By: / l-til. iL ' L---1—-; 

Name: 

Title: 

Name: Timothy G. Massad 

Title: Assistant Secretary for 

Financial Stability 

ELIGIBLE ENTITY: 

FLORIDA HOUSING FINANCE 

CORPORATION 

By: 

Name: 

Title: 

[Signature Page to Sixth Amendment to HPA— Florida] 
EXHIBITS AND SCHEDULES 

Schedule A Basic Information 

Schedule B Service Schedules 

Schedule C Permitted Expenses 

Doc# US1 8153135v3 
SCHEDULE A 

BASIC INFORMATION 

Eligible Entity Information: 

Name of the Eligible Entity: 

Corporate or other organizational form: 

Jurisdiction of organization: 

Notice Information: 

Florida Housing Finance Corporation 

a public corporation and a public body 

corporate and politic, established and 

existing under the Florida Housing Finance 

Corporation Act, as amended, Chapter 420, 

Part V, Florida Statutes. 

Florida 

HFA Information: 

Name of HFA: 

Organizational form: 

Date of Application: 

Date of Action Plan: 

Notice Information: 

Florida Housing Finance Corporation1 

a public corporation and a public body 

corporate and politic, established and 

existing under the Florida Housing Finance 

Corporation Act, as amended, Chapter 

420m, Part V, Florida Statutes. 

April 16, 2010 

September 1,2010 

Same as notice information for Eligible 

Entity. 

1

 References in the Agreement to the term "HFA" shall mean the Florida Housing Finance Corporation, in its 

capacity as HFA as such term is used in the Agreement; and references in the Agreement to the term "Eligible 

Entity" shall mean the Florida Housing Finance Corporation, in its capacity as Eligible Entity as such term is used in 

the Agreement. 

Notwithstanding anything to the contrary in the Agreement, (A) for purposes of Section 4(G) thereof, annual audited 

financial statements shall be due no later than one hundred eighty (180) day's after the end of Florida Housing 

Finance Corporation's fiscal year, and (B) for purposes of Section 7 thereof, the powers and authority of Florida 

Housing Finance Corporation shall be governed by and construed in accordance with the laws of the State of 

Florida. 

Doc# US1 8153135v3 
Program Participation Cap: 

Portion of Program Participation Cap 

Representing Original HHF Funds: 

Portion of Program Participation Cap 

Representing Unemployment HHF Funds: 

Permitted Expenses: 

Closing Date: 

First Amendment Date: 

Second Amendment Date: 

Third Amendment Date: 

Fourth Amendment Date: 

Fifth Amendment Date: 

Sixth Amendment Date: 

Eligible Entity Depository Account Information: 

$1,057,839,136.00 

$418,000,000.00 

$238,864,755.00 

$105,431,750.00 

June 23, 2010 

September 23, 2010 

September 29, 2010 

December 16, 2010 

March 31, 2011 

May 30, 2012 

September 28, 2012 

See account information set forth in the 

Depository Account Control Agreement 

between Treasury and Eligible Entity 

regarding the HHF Program. 

Doc# US1 8153135v3 
SCHEDULE B 

SERVICE SCHEDULES 

The Service Schedules attached as Schedule B to the Current HPA are hereby deleted in their 

entirety and replaced with the attached Service Schedules (numbered sequentially as Service 

Schedule B-l, Service Schedule B-2, et. seq.), which collectively comprise Schedule B to the 

HPA. 

Doc#:USl:8153135v3 
SERVICE SCHEDULE B-l 

Florida Hardest Hit Fund 

Unemployment Mortgage Assistance Program 

Summary Guidelines 

1. Program Overview 

2. Program Goals 

3. Target Population/ 

Areas 

4. Program Allocation 

(Excluding 

Administrative 

Expenses) 

5. Borrower Eligibility 

Criteria 

The Unemployment Mortgage Assistance Program (UMAP) 

focuses on the creation of a sustainable solution to keep Florida 

unemployed or substantially underemployed homeowners in their 

current homes by helping those who are struggling to make their 

current mortgage payments because of hardships sustained since 

purchasing the home. Florida Housing will use HHF Program 

funds to pay up to 12 months' of mortgage payments on behalf of 

a qualified homeowner based on the criteria and requirements of 

each servicer. HHF Program funds will be used to pay, directly to 

the first mortgage loan servicer, the monthly mortgage payment 

(principal and interest plus any required escrow payments, such as 

taxes and insurance) required under the first mortgage loan. This 

will provide a reasonable period of time for homeowners to 

become re-employed at a salary that is sufficient for them to 

either resume making full mortgage payments or qualify for a 

mortgage modification that will lower the payments and terms of 

the mortgage to an affordable level. 

• Preserving homeowner ship. 

• Protecting home values. 

To determine geographic targeting for HHF Program funding, 

Florida Housing carried out an analysis of data, relying on data 

similar to that used by Treasury to allocate funding, to determine 

the hardest hit areas of the state. Florida Housing evaluated three 

measures across all 67 Florida counties - housing price decline 

from peak prices, unemployment rate and seriously delinquent 

mortgage loans - and then combined ratios for each to create an 

allocation methodology that will guide how funding is 

geographically targeted. The majority of the HHF funds will be 

allocated to those counties that were determined to be hardest hit, 

although there will be funds available to all 67 counties. 

$544,232,792.00 

• Borrowers must be legal US citizens or lawful permanent 

residents. 

• At least one borrower must be able to document that he or she 

is unemployed or substantially underemployed and must 

provide a financial hardship affidavit. A borrower and/or coDoc#:US1.8153135v3 
1 6. Property/Loan 

Eligibility Criteria 

1 7. Program Exclusions 

borrower who suffers a hardship that has resulted in a loss of 

income of at least 10% will be considered "substantially 

underemployed". 

• The maximum household income level for participation will 

be 140% of the Area Median Income (AMI). 

• The total housing expense (PITIA) must exceed 31 % of the 

total gross income of the household. 

• Borrowers who have unencumbered liquid assets or cash 

reserves (not including retirement or qualified education 

plans) equal to or exceeding three times the total monthly 

mortgage payment (including tax and insurance payments) or 

$5,000, whichever is greater, must first use those assets above 

such amount towards mortgage payments before being 

eligible for HHF Program funds. 

• The property must be a single family home, a condominium 

unit, a townhome, a manufactured or mobile home on 

foundation permanently affixed to real estate owned by the 

borrower, or a 2-4 family dwelling unit of which one unit is 

occupied by the mortgagor as their principal residence. 

• The property must be the borrower's principal residence, be 

located in Florida, and not be abandoned, vacant or 

condemned. 

• The outstanding principal balance of the first mortgage must 

be $400,000 or less at the time of application, regardless of 

number of dwelling units. 

• Applicants who have voluntarily left work without good cause 

attributable to their employing unit or have been discharged 

by the employing unit for misconduct connected with their 

work, based on a finding by the Department of Economic 

Opportunity. 

• Applicants with bankruptcies that have not been discharged or 

dismissed. 

• The borrower may not have an ownership interest in more 

than one property other than their primary residence. 

• The servicer is not required to accept mortgage assistance 

payments if a notice of trustee/sheriff sale has been recorded 

and the trustee/sheriff sale is scheduled less than seven days 

from date the servicer is notified of borrower approval by the 

HFA. 

• Condominium units where financial reporting for the 

Doc# US1 8153135v3 
8. Structure of 

Assistance 

9. Per Household 

Assistance 

10. Duration of Assistance 

11. Estimated Number of 

Participating 

Households 

12. Program Inception/ 

Duration 

condominium association, pursuant to s. 718.111(13), F.S., 

for the most recent two years are not provided by the 

Applicant. 

HHF Program funds under UMAP will be made available to 

homeowners in the form of a zero-percent interest, non-recourse, 

forgivable loan. This loan will be evidenced by a note and 

mortgage in favor of Florida Housing. The HHF loan is 

forgivable and will be for a period of 5.5 years. The first 20% of 

the loan will be forgiven eighteen months after the loan closing. 

The remainder of the loan will be forgiven 20% per year annually 

thereafter. 

If the homeowner sells the home during any part of the loan term, 

the remaining principal balance will be due to Florida Housing in 

the event there are sufficient equity proceeds from the sale. If 

there is not enough equity in the home to repay the entire amount 

due, Florida Housing will forgive the excess portion or all of the 

remaining principal balance so as to not create additional 

hardships on the seller at closing. Any loans repaid will be 

returned to the program and used to provide assistance to 

additional homeowners for the duration of the program up to 

December 31, 2017. After December 31,2017, all funds 

remaining or received shall be returned to Treasury. 

Estimated Median Amount Mortgage Payments - $12,000 

Maximum Amount - $24,000 

Borrowers who have previously received HHF assistance and 

were not involuntarily terminated and borrowers who are 

currently receiving HHF assistance and remain in good standing 

are eligible for the additional assistance being offered under the 

changes to UMAP and the Mortgage Loan Reinstatement 

Program (MLRP), but only to the extent that the total of the HHF 

assistance received does not exceed the following limits: 

• UMAP - 12 months or $24,000, whichever comes first 

• MLRP with UMAP - maximum of $ 18,000 towards 

reinstatement 

• MLRP only - maximum of $25,000 towards reinstatement 

The homeowner can receive up to 12 months' of monthly 

mortgage payments from Florida Housing. 

Florida Housing anticipates that this strategy will be able to serve 

approximately 45,000 homeowners over a five year period. 

Florida Housing anticipates implementing these changes by 

October 1, 2012. It is anticipated that this strategy will last for up 

to 5 years. 

Doc#. USl:8153135v3 
13. Program Interactions 

with Other Programs 

(e.g. other HFA 

programs) 

14. Program Interactions 

with HAMP 

1 15. Program Leverage 

with Other Financial 

Resources 

16. Qualify as an 

Unemployment 

| Program 

UMAP will interact with MLRP. Borrowers who qualify for | 

UMAP will have arrearages on their first mortgage reinstated up 

front in an amount not to exceed $18,000. The maximum amount 

of combined UMAP and MLRP assistance is $42,000. 

HHF funds would be utilized prior to the HAMP forbearance 

described in Supplemental Directive 10-04. Implementing the 

program in this order is the most beneficial to the customer and 

investor since payments would continue to be made instead of 

capitalized and no late charges or adverse credit reporting would 

occur. If the borrower has already been through an UP 

forbearance before applying for this program, then this program 

may follow UP. 

Many servicers have in-house mortgage modification products 

that can be used in conjunction with this Program. Florida 

Housing will work with servicers to determine how these 

programs may best be combined. 

Servicers will not charge administrative fees (e.g., NSF, late 

charges) in any month where a full contract payment is made. If 

the loan is reinstated or modified following HFA mortgage 

assistance, servicers will waive all administrative fees accrued 

since the beginning of the delinquency. 

0 Yes • No 

Doc#:USl:8153135v3 
SERVICE SCHEDULE B-2 

Florida Hardest Hit Fund 

Mortgage Loan Reinstatement Program 

Summary Guidelines 

17. Program Overview 

18. Program Goals 

19. Target Population/ 

Areas 

20. Program Allocation 

(Excluding 

Administrative 

Expenses) 

21. Borrower Eligibility 

Criteria 

The Mortgage Loan Reinstatement Program (MLRP) focuses on 

the creation of a sustainable solution to keep Florida homeowners 

in their current homes by helping those who have fallen behind on 

their mortgage payments because of financial hardship sustained 

since purchasing the home as a result of unemployment or 

substantial underemployment. HHF Program funds will be used 

to pay, directly to the first mortgage loan servicer, payments 

which include items such as principal and interest plus any 

required escrow payments (such as taxes and insurance), late fees 

and Insufficient Fund Fees. 

• Preserving homeownership. 

• Protecting home values. 

To determine geographic targeting for HHF Program funding, 

Florida Housing carried out an analysis of data, relying on data 

similar to that used by Treasury to allocate funding, to determine 

the hardest hit areas of the state. Florida Housing evaluated three 

measures across all 67 Florida counties - housing price decline 

from peak prices, unemployment rate and seriously delinquent 

mortgage loans - and then combined ratios for each to create an 

allocation methodology that will guide how funding is 

geographically targeted. The majority of the HHF funds will be 

allocated to those counties that were determined to be hardest hit, 

although there will be funds available to all 67 counties. 

$408,174,594.00 

• Borrowers must be a legal US citizens or lawful permanent 

residents. 

• At least one borrower must be able to document that he or she 

is unemployed or substantially underemployed and must 

provide a financial hardship affidavit. A borrower and/or coborrower who suffers a hardship that has resulted in a loss of 

income of at least 10% will be considered "substantially 

underemployed". 

• The maximum household income level for participation will 

be 140% of the Area Median Income (AMI). 

• For MLRP-only applicants, the total housing expense (PITIA) 

Doc#:USl:8153135v3 
22. Property/Loan 

Eligibility Criteria 

23. Program Exclusions 

24. Structure of 

must be less than 31% of the total gross income of the 

household. 

• Borrowers who have unencumbered liquid assets or cash 

reserves (not including retirement or qualified education 

plans) equal to or exceeding three times the total monthly 

mortgage payment (including tax and insurance payments) or 

$5,000, whichever is greater, must first use those assets above 

such amount towards reinstatement before being eligible for 

HHF Program funds. 

• The property must be a single family home, a condominium 

unit, a townhome, a manufactured or mobile home on 

foundation permanently affixed to real estate owned by the 

borrower, or a 2-4 family dwelling unit of which one unit is 

occupied by the mortgagor as their principal residence. 

• The property must be the borrower's principal residence, be 

located in Florida, and not be abandoned, vacant or 

condemned. 

• The outstanding principal balance of the first mortgage must 

be $400,000 or less at the time of application, regardless of 

number of dwelling units. 

• Applicants who have voluntarily left work without good cause 

attributable to their employing unit or have been discharged 

by the employing unit for misconduct connected with their 

work, based on a finding by the Department of Economic 

Opportunity. 

• Applicants with bankruptcies that have not been discharged or 

dismissed. 

• The borrower may not have an ownership interest in more 

than one property other than their primary residence. 

• The servicer is not required to accept mortgage assistance 

payments if a notice of trustee/sheriff sale has been recorded 

and the trustee/sheriff sale is scheduled less than seven days 

from date the servicer is notified of borrower approval by the 

HFA. 

• Condominium units where financial reporting for the 

condominium association, pursuant to s. 718.111(13), F.S., 

for the most recent two years are not provided by the 

Applicant. 

HHF Program funds under the Mortgage Loan Reinstatement 

Doc#:USl:8153135v3 
Assistance 

25. Per Household 

Assistance 

26. Duration of Assistance 

27. Estimated Number of 

Participating 

Households 

28. Program Inception/ 

Duration 

29. Program Interactions 

with Other Programs 

(e.g. other HFA 

programs) 

30. Program Interactions 

Program will be made available to homeowners in the form of a 

zero-percent interest, non-recourse, forgivable loan. This loan 

will be evidenced by a Note and Mortgage in favor of Florida 

Housing. The HHF loan is forgivable and will be for a period of 

5.5 years. The first 20% of the loan will be forgiven eighteen 

months after the loan closing. The remainder of the loan will be 

forgiven 20% per year annually thereafter. 

If the homeowner sells the home during any part of the loan term, 

the remaining principal balance will be due to Florida Housing in 

the event there are sufficient equity proceeds from the sale. If 

there is not enough equity in the home to repay the entire amount 

due, Florida Housing will forgive the excess portion or all of the 

remaining principal balance so as to not create additional 

hardships on the seller at closing. Any loans repaid will be 

returned to the program and used to provide assistance to 

additional homeowners for the duration of the program up to 

December 31, 2017. After December 31, 2017, all funds 

remaining or received shall be returned to Treasury. 

Estimated Median Amount Mortgage Payments - $9,000 

Maximum Amount - $18,000 for those using both UMAP and 

MLRP; $25,000 for those needing MLRP only. 

Borrowers who have previously received HHF assistance and 

were not involuntarily terminated and borrowers who are 

currently receiving HHF assistance and remain in good standing, 

are eligible for the additional assistance being offered under the 

changes to the UMAP and MLRP Programs, but only to the 

extent that the total of the HHF assistance received does not 

exceed the following limits: 

• UMAP - 12 months or $24,000, whichever comes first 

• MLRP with UMAP - maximum of $ 18,000 towards 

reinstatement 

MLRP only - maximum of $25,000 towards reinstatement 

Assistance is provided as a one-time payment. 

Florida Housing anticipates that this strategy will be able to serve 

approximately 45,000 homeowners over a five year period. 

Florida Housing implemented the most recent changes to this 

Program on June 18, 2012. It is anticipated that this Program will 

last for up to 5 years from this date. 

This Program will interact with UMAP. Borrowers who qualify 

for UMAP will have arrearages on their first mortgage reinstated 

up front in an amount not to exceed $ 18,000. The maximum 

amount of combined UMAP and MLRP assistance is $42,000. 

HHF funds would be utilized prior to the HAMP forbearance 

Doc#:USl:8153135v3 
with HAMP 

31. Program Leverage 

with Other Financial 

Resources 

32. Qualify as an 

Unemployment 

Program 

described in Supplemental Directive 10-04. Implementing the 

program in this order is the most beneficial to the customer and 

investor since payments would continue to be made instead of 

capitalized and no late charges or adverse credit reporting would 

occur. If the borrower has already been through an UP 

forbearance before applying for this program, then this program 

may follow UP. 

Many servicers have in-house mortgage modification products 

that can be used in conjunction with this Program. Florida 

Housing will work with servicers to determine how these 

programs may best be combined. 

Servicers will not charge administrative fees (e.g., NSF, late 

charges) in any month where a full contract payment is made. If 

the loan is reinstated or modified following HFA mortgage 

assistance, servicers will waive all administrative fees accrued 

since the beginning of the delinquency. 

0 Yes • No 

Doc# US1 8153135v3 
SCHEDULE C 

PERMITTED EXPENSES 

iHS 

^ -- ',..' ..:. , -

 J

 , . ^- * ^ -

One-time / Start-Up Expenses: 

Initial Personnel 

Building, Equipment, Technology 

Professional Services 

Supplies / Miscellaneous 

Marketing /Communications 

Travel 

Website development /Translation 

Contingency 

Subtotal 

$0.00 

$20,750.00 

$50,000.00 

$1,000.00 

$10,000.00 

$20,000.00 

$183,500.00 

$0.00 

$285,250.00 

-CS^fiUiji %r ^ -, ~ t„-v, - ,i | i R ^ i i I'* 

Operating /Administrative 

Expenses: 

Salaries 

Professional Services (Legal, 

Compliance, Audit, Monitoring) 

Travel 

Buildings, Leases & Equipment 

Information Technology & 

Communications 

Office Supplies/Postage and 

Delivery/Subscriptions 

Risk Management/ Insurance 

Training 

Marketing/PR 

Miscellaneous 

Subtotal 

$11,130,000.00 

$2,390,000.00 

$535,000.00 

$1,015,000.00 

$17,972,500.00 

$1,115,000.00 

$140,000.00 

$1,245,000.00 

$134,000.00 

$970,000.00 

$36,646,500.00 

r*'* ''fti****'"^!**^"*, ! *"*'•*>,", ' -'**' >«-

 1*- "'• 

Transaction Related Expenses: 

Recording Fees 

Wire Transfer Fees 

Counseling Expenses 

File Intake 

Decision Costs 

Successful File 

Key Business Partners On-Going 

Subtotal 

$4,200,000.00 

$600,000.00 

$0.00 

$22,500,000.00 

$11,200,000.00 

$30,000,000.00 

$68,500,000.00 

I ^ , \ >:: -j i * , -»'•,. >? fe - " i -f ^* - ^ -- " %,*,«A"~ -^ft^ -

Grand Total $105,431,750.00 

1 4< "• .ta-vi ^ -* ''— ^ *- i*^' ^ ' -' ?' 

% of Total Award 

Award Amount 

9.97% 

$1,057,839,136 

Doc# US1 8153135v3