exv10w15



 





Exhibit 10.15




As of October 4, 2006




IXIS Real Estate Capital Inc.

9 West 57th Street, 36th Floor

New York, New York 10019




	 	 	 	 	 
	Attention:	 	Mr. Raymond Sullivan
	 
	 	 	 	 
	 

	 	Re:
	 	Fourth Amended Master Repurchase Agreement, dated as of October
11, 2005, as amended by Amendment No. 1, dated as of August 10, 2006, as
further amended, modified and supplemented from time to time (the
“Repurchase Agreement”), among IXIS Real Estate Capital Inc.
(“Buyer”), New Century Mortgage Corporation (“NCMC”), NC Asset
Holding, L.P. (f/k/a NC Residual II Corporation, “NCAH”), NC Capital
Corporation (“NCCC”), New Century Credit Corporation (“New
Century”) and Home123 Corporation (“Home123” and together with
NCMC, NCAH, NCCC and New Century, the “Seller”)






Ladies and Gentlemen:




          The Termination Date, as defined in the Repurchase Agreement, is October 10, 2006, unless
otherwise extended pursuant to Section 3(m) of the Repurchase Agreement, and the Seller has
requested that the Buyer extend the Termination Date.




          In consideration of the mutual agreements hereinafter set forth, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and
Buyer hereby agree as follows:





	1.	 	Pursuant to Section 3(m) of the Repurchase Agreement, Buyer hereby extends the Termination
Date until the close of business on October 31, 2006 (the period from and including October
10, 2006, to and including October 31, 2006, the “Extension Period”).
	 
	2.	 	Except as described herein, all of the terms of the Repurchase Agreement are hereby ratified
and confirmed in all respects.
	 
	3.	 	All capitalized terms used herein and not defined herein shall have the respective meanings
ascribed to them in the Repurchase Agreement.
	 
	4.	 	In the event that any provision of this agreement conflicts with any provision of the
Repurchase Agreement or the Custodial and Disbursement Agreement, the terms of this agreement
shall control.




 









 






	5.	 	This agreement shall not be assigned by the Seller without the prior written consent of the
Buyer, which consent shall be in Buyer’s sole discretion.
	 
	6.	 	This agreement may be executed in any number of counterparts, each of which shall constitute
an original agreement, and all of which together shall constitute one and the same instrument,
and either party hereto may execute this agreement by signing any such counterpart.
	 
	7.	 	This agreement shall be governed and construed in accordance with the laws of the State of
New York without regard to conflicts of laws principles.





[SIGNATURE PAGES FOLLOWS]




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          Please indicate your acceptance and agreement by signing below where indicated and returning
an originally executed copy of this agreement to Seller.




	 	 	 	 	 	 	 
	 	 	Very truly yours,
	 
	 	 	 	 	 	 
	 	 	NEW CENTURY MORTGAGE CORPORATION, as Seller
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Kevin Cloyd
	 	 	 	 	 
	 

	 	 	 	Name:
	 	Kevin Cloyd
	 

	 	 	 	Title:
	 	Executive Vice President
	 
	 	 	 	 	 	 
	 	 	NC ASSET HOLDING, L.P., as Seller
	 
	 	 	 	 	 	 
	 	 	By: NC DELTEX, LLC, its General Partner
	 
	 	 	 	 	 	 
	 	 	By: NC CAPITAL CORPORATION, its Sole Member
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Kevin Cloyd
	 	 	 	 	 
	 

	 	 	 	Name:
	 	Kevin Cloyd
	 

	 	 	 	Title:
	 	President
	 
	 	 	 	 	 	 
	 	 	NC CAPITAL CORPORATION, as Seller
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Kevin Cloyd
	 	 	 	 	 
	 

	 	 	 	Name:
	 	Kevin Cloyd
	 

	 	 	 	Title:
	 	President






 









 






	 	 	 	 	 	 	 
	 	 	NEW CENTURY CREDIT CORPORATION, as Seller
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Kevin Cloyd
	 	 	 	 	 
	 

	 	 	 	Name:
	 	Kevin Cloyd
	 

	 	 	 	Title:
	 	President
	 
	 	 	 	 	 	 
	 	 	HOME123 CORPORATION, as Seller
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Kevin Cloyd
	 	 	 	 	 
	 

	 	 	 	Name:
	 	Kevin Cloyd
	 

	 	 	 	Title:
	 	Executive Vice President






Accepted and Agreed:




IXIS REAL ESTATE CAPITAL INC., as Buyer




	 	 	 	 	 	 	 
	By:	 	/s/ Anthony Malanga	 	 
	 	 	 	 	 
	 

	 	Name:
	 	Anthony Malanga	 	 
	 

	 	Title:
	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	By:	 	/s/ Christopher Hayden	 	 
	 	 	 	 	 
	 

	 	Name:
	 	Christopher Hayden	 	 
	 

	 	Title:
	 	Managing Director	 	 






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