Document:

Amendment No. 2 to Renewal of Commitment Letter dated May 21, 2004

 Exhibit 10.19 
  
 AMENDMENT NO. 2 TO 
 COMMITMENT LETTER 
  
 This AMENDMENT NO. 2 TO COMMITMENT LETTER
(the “Amendment”) is made and entered into as of May 21, 2004 by and between Countrywide Warehouse Lending (“Lender”) and Encore Credit Corporation (“Borrower”). This Amendment amends that certain Commitment Letter by
and between Lender and Borrower dated as of November 14, 2003 (the “Commitment Letter”), which supplements that certain Revolving Credit and Security Agreement by and between Lender and Borrower dated as of May 13, 2002 (as may be amended
from time to time, the “Credit Agreement”). 
  
 R E C
I T A L S 
  
 Lender and Borrower have previously entered into
the Commitment Letter and Credit Agreement pursuant to which Lender may, from time to time, provide Borrower credit in the form of a warehouse line secured by residential mortgage loans. Lender and Borrower hereby agree that the Commitment Letter
shall be amended as provided herein. 
  
 In consideration of the mutual promises
contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Lender and Borrower hereby agree as follows: 
  

	1.	Aggregate Credit Limit. Lender and Borrower agree that the Aggregate Credit Limit of the Commitment Letter shall be deleted in its entirety and replaced with the
following: 

  
 “Aggregate Credit Limit: Two
Hundred Twenty Five Million Dollars ($225,000,000) through May 31, 2004 thereafter it will be Two Hundred Million Dollars ($200,000,000). 
  

	2.	Over/Under Account Minimum Balance. Lender and Borrower agree that the Over/Under Account Minimum Balance (Section 3.5 (a)) of the Commitment Letter shall be deleted
in its entirety and replaced with the following: 

  
 “Over/Under Account Minimum Balance: $2,000,000 plus 75% of the outstanding Advances under the Credit-Off Feature plus the historical indication of the fallout rate multiplied by the sum of the original loan amount financed by Lender
for each commitment to Countrywide Securities Corp, times 100% minus the Tranche “D” Advance Rate through the later of May 31, 2004 or until the outstanding advances are less than $200,000,000, thereafter $1,500,000 plus 75% of the
outstanding Advances under the Credit-Off Feature plus the historical indication of the fallout rate multiplied by the sum of the original loan amount financed by Lender for each commitment to Countrywide Securities Corp, times 100% minus the
Tranche “D” Advance Rate. Interest to be paid monthly on the Over/Under Account Minimum Balance at an annualized rate of 30 day LIBOR less 50 basis points.” 
  

	3.	Schedule 1 – Wet Mortgage Loans. Lender and Borrower agree that Wet Mortgage Loans set forth within Schedule 1 of the Commitment Letter shall be amended as
follows: 

  
 “Wet Mortgage Loan sublimit shall
be 40% through June 7, 2004), thereafter 30% of the sum of the Aggregate Credit Limit. 
  

	4.	No Other Amendments; Conflicts with Previous Amendments. Other than as expressly modified and amended herein, the Commitment Letter shall remain in full force and
effect and nothing herein shall affect the rights and remedies of Lender as provided under the Commitment Letter and Credit Agreement. To the extent any amendments to the Commitment Letter contained herein conflict with any previous amendments to
the Commitment Letter, the amendments contained herein shall control. 

  

	5.	Capitalized Terms. Any capitalized term used herein and not otherwise defined herein shall have the meaning ascribed to such term in the Credit Agreement.

  

	6.	Facsimiles: Facsimile signatures shall be deemed valid and binding to the same extent as the original. 

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

									
	COUNTRYWIDE WAREHOUSE LENDING	 	 	 	ENCORE CREDIT CORPORATION
					
	 By:
	 	 /s/ Richie Walia
	 	 	 	 By:
	 	 /s/ Steve Holder

	 	 	 Signature
	 	 	 	 	 	 Signature

					
	 Name:
	 	 Richie Walia
	 	 	 	 Name:
	 	 Steve Holder

	 Title:
	 	 VP
	 	 	 	 Title:
	 	 C.E.O.Amendment No. 3 to Renewal of Commitment Letter dated July 30, 2004

 Exhibit 10.20 
  
 ENCORE CREDIT 
  
 AMENDMENT NO. 3 TO 
 COMMITMENT LETTER

  
 This AMENDMENT NO. 3 TO COMMITMENT LETTER (the “Amendment”) is
made and entered into as of July 30, 2004 by and between Countrywide Warehouse Lending (“Lender”) Encore Credit Corp. and Bravo Credit Corporation (collectively “Borrower”). This Amendment amends that certain Commitment Letter by
and between Lender and Borrower dated as of November 14, 2003 (the “Commitment Letter”), which supplements that certain Revolving Credit and Security Agreement by and between Lender and Borrower dated as of May 13, 2002 (as may be amended
from time to time, the “Credit Agreement”). 
  
 R E C
I T A L S 
  
 Lender and Borrower have previously entered
into the Commitment Letter and Credit Agreement pursuant to which Lender may, from time to time, provide Borrower credit in the form of a warehouse line secured by residential mortgage loans. Lender and Borrower hereby agree that the Commitment
Letter shall be amended as provided herein. 
  
 In consideration
of the mutual promises contained herein, and for other good and valuable consideration, the receipt and sufficiency of which 
  

	1.	Aggregate Credit Limit. Lender and Borrower agree that the Aggregate Credit Limit set forth in the Commitment Letter shall be amended as follows:

  
 “$200,000,000, $1,000,000 of the Aggregate
Credit Limit shall be for the exclusive use of Bravo Credit Corporation, but will remain the obligations of Encore Credit Corp. and Bravo Credit Corporation. Borrower shall be obligated to verify that the exclusive limit for Bravo Credit Corporation
is adhered to prior to requesting an advance.” 
  

	2.	Financial Ratios. Lender and Borrower agree that the Financial Ratios of the Commitment Letter listed below shall be amended solely for Bravo Credit Corporation as
follows, all other existing Financial Ratios of the Commitment Letter Shall remain unchanged; TNW for Encore Credit will remain at $20,000,000. 

  

				
	 Minimum Tangible Net Worth:
	  	$	250,000
	 Bravo Credit Corporation
	  	 	 

  

	3.	No Other Amendments; Conflicts with Previous Amendments. Other than as expressly modified and amended herein, the Commitment Letter shall remain in full force and
effect and nothing herein shall affect the rights and remedies of Lender as provided under the Commitment Letter and Credit Agreement. To the extent any amendments to the Commitment Letter contained herein conflict with any previous amendments to
the Commitment Letter, the amendments contained herein shall control. 

  

	4.	Capitalized Terms. Any capitalized term used herein and not otherwise defined herein shall have the meaning ascribed to such term in the Credit Agreement.

  

	5.	Facsimiles. Facsimile signatures shall be deemed valid and binding to the same extent as the original. 

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

									
	COUNTRYWIDE WAREHOUSE LENDING	 	 	 	BRAVO CREDIT CORPORATION
					
	 By:
	 	 	 	 	 	 By:
	 	 /s/ Jon Daurio

	 	 	 Signature
	 	 	 	 	 	 Signature

					
	 Name:
	 	 	 	 	 	 Name
	 	 /s/ Jon Daurio

					
	 Title:
	 	 	 	 	 	 Title:
	 	 EVPAmendment No. 4 to Renewal of Commitment Letter dated August 25, 2004

 Exhibit 10.21 
  
 AMENDMENT NO. 4 TO 
 COMMITMENT LETTER 
  
 This AMENDMENT NO. 4 TO COMMITMENT LETTER
(the “Amendment”) is made and entered into as of August 25, 2004 by and between Countrywide Warehouse Lending (“Lender”) Encore Credit Corp., Bravo Credit Corporation and ECC Capital Corporation (collectively
“Borrower”). This Amendment amends that certain Commitment Letter by and between Lender and Borrower dated as of November 14, 2003 (the “Commitment Letter”), which supplements that certain Revolving Credit and Security Agreement
by and between Lender and Borrower dated as of May 13, 2002 (as may be amended from time to time, the “Credit Agreement”). 
  
 R E C I T A L S 
  
 Lender and Borrower have previously entered into the Commitment Letter and Credit Agreement pursuant to which Lender may, from time to time, provide
Borrower credit in the form of a warehouse line secured by residential mortgage loans. Lender and Borrower hereby agree that the Commitment Letter shall be amended as provided herein. 
  
 In consideration of the mutual promises contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which 
  
 Aggregate Credit Limit.
Lender and Borrower agree that the Aggregate Credit Limit set forth in the Commitment Letter shall be amended as follows: 
  
 “$200,000,000, $1,000,000 of the Aggregate Credit Limit shall be for the exclusive use of Bravo Credit Corporation $1,000,000 of the Aggregate Credit
Limit shall be for the exclusive use of ECC Capital Corporation, but will remain the obligations of Encore Credit Corp., Bravo Credit Corporation and ECC Capital Corporation. Borrower shall be obligated to verify that the exclusive limit for ECC
Capital Corporation is adhered to prior to requesting an advance.” 
  

	2.	Financial Ratios. Lender and Borrower agree that the Financial Ratios of the Commitment Letter listed below shall be amended solely for ECC Capital Corporation as
follows, all other existing Financial Ratios of the Commitment Letter shall remain unchanged; 

  

				
	 Minimum Tangible Net Worth:
	  	$	250,000
	 ECC Capital Corporation
	  	 	 

  

	3.	No Other Amendments; Conflicts with Previous Amendments. Other than as expressly modified and amended herein, the Commitment Letter shall remain in full force and
effect and nothing herein shall affect the rights and remedies of Lender as provided under the Commitment Letter and Credit Agreement. To the extent any amendments to the Commitment Letter contained herein conflict with any previous amendments to
the Commitment Letter, the amendments contained herein shall control. 

  

	4.	Capitalized Terms. Any capitalized term used herein and not otherwise defined herein shall have the meaning ascribed to such term in the Credit Agreement.

  

	5.	Facsimiles. Facsimile signatures shall be deemed valid and binding to the same extent as the original. 

  

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

									
	COUNTRYWIDE WAREHOUSE LENDING	 	 	 	ENCORE CREDIT CORP.
					
	 By:
	 	 /s/ Richie Walia
	 	 	 	 By:
	 	 
	 	 	 Signature
	 	 	 	 	 	 Signature

					
	 Name:
	 	 Richie Walia
	 	 	 	 Name:
	 	 
					
	 Title:
	 	 1ST
VP
	 	 	 	 	 	 
			
	 	 	 	 	BRAVO CREDIT CORPORATION
					
	 	 	 	 	 	 	 By:
	 	 
	 	 	 	 	 	 	 	 	 Signature

					
	 	 	 	 	 	 	 Name:
	 	 
					
	 	 	 	 	 	 	 Title:
	 	 
			
	 	 	 	 	ECC CAPITAL CORPORATION
					
	 	 	 	 	 	 	 By:
	 	 
	 	 	 	 	 	 	 	 	 Signature

					
	 	 	 	 	 	 	 Name:
	 	 
					
	 	 	 	 	 	 	 Title:

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