exv10w48









Exhibit 10.48




CONFIDENTIAL TREATMENT REQUESTED




THIRD AMENDMENT

TO

SUBSERVICING AGREEMENT




     This Third Amendment to Subservicing Agreement (the “Amendment”) is made by and between Fannie
Mae (“Fannie Mae”), a corporation organized and existing under the laws of the United States, and
Nationstar Mortgage LLC, a Delaware limited liability company, (“Nationstar”) and is effective
December 20, 2011.



     WHEREAS, Fannie Mae and Nationstar have entered into that certain Subservicing Agreement (the
“Agreement”) dated effective as of October 29, 2010, and have agreed to amend the Agreement to
allow for daily reimbursement of certain servicing Advances;



     NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which are hereby acknowledged, the parties hereto hereby agree as
follows:




	I.	 	DEFINED TERMS. Capitalized terms contained in this Amendment shall have the
respective meanings herein as such terms have in the Agreement.






	II.	 	AMENDMENTS TO AGREEMENT. Section 2.13(b) of the Agreement is hereby amended and
supplemented to include the following:






	 	 	Subject to the conditions identified below, Fannie Mae additionally agrees that it
will reimburse Subservicer for Eligible Escrow Advances and Eligible Corporate
Advances on a daily basis as may be requested by Subservicer and agreed to by Fannie
Mae. Therefore in addition to the reporting requirements identified herein, not
later than the fifth (5th) Business Day prior to the Business Day on
which Subservicer requests that Fannie Mae make reimbursement to Subservicer for
Eligible Escrow Advances and Eligible Corporate Advances (or such other time period
as mutually agreed to by the parties), Subservicer shall deliver to Fannie Mae or
its designee reports or loan level listings of Eligible Corporate Advances and
Eligible Escrow Advances, in a format acceptable to Fannie Mae, containing (i) the
data identified in Exhibit C-1 to this Agreement, and (ii) the applicable
information and codes required by Fannie Mae Form 571 (Cash Disbursement Request).
Fannie Mae and/or its designee will reconcile the same within five (5) Business
Days, and if it determines that an amount is due and owing by Fannie Mae to
Subservicer, such amount shall be reimbursed to Subservicer by Fannie Mae one (1)
Business Day after such reconciliation period, or at such time as may otherwise be
mutually agreed to by Fannie Mae and Subservicer.






 









 









	 	 	Applicable to each reimbursement of Eligible Escrow Advances and Eligible Corporate
Advances made by Fannie Mae hereunder, Subservicer shall pay Fannie Mae a fee equal
to the greater of 1) [***], or 2) the Compensation Rate divided by [***], multiplied
by the Eligible Escrow Advances and Eligible Corporate Advances reimbursed by Fannie
Mae. Subservicer will not be required to pay such fee for the reimbursements made
1) on the business day immediately preceding the Draft Date, and 2) one business day
prior to the last business day of each calendar month. Fannie Mae will provide to
Subservicer an invoice for such fees on or about the tenth (10th) day of
each calendar month, and within thirty days of receipt of the invoice Subservicer
agrees to wire to Fannie Mae such invoiced amount as directed in the invoice, or as
otherwise directed by Fannie Mae. For purposes of this Section, the “Compensation
Rate” shall be [***] basis points over One-Month Libor as of the last business day
of the second month preceding the month in which the reimbursement occurs.




IN WITNESS WHEREOF, each of the undersigned parties to this Agreement has caused this Agreement to
be duly executed in its name by one of its duly authorized officers, all as of the date first above
written.




	 	 	 	 	 	 	 	 
								
	Fannie Mae
	 	Nationstar Mortgage LLC	
	
 							
	By:

	 	/s/ Leslie Peeler
	 	By:
	 	/s/ Gregory A. Oniu	
	 

	 	 
	 	 	 	 	
	

	 	Name: Leslie Peeler
	 	
	 	Name: Gregory A. Oniu	
	

	 	Title: Vice President
	 	
	 	Title: SVP	
	

	 	Date: 12/20/11
	 	
	 	Date: 12/20/11	






***  
Note: Confidential treatment has been requested with respect to the information contained within the [***] marking.
Such portions have been omitted from this filing and have been filed separately with the Securities and Exchange Commission.