Document:

EX-10.52.5

 Exhibit 10.52.5 
 EXECUTION VERSION 
 AMENDMENT NO. 3 TO AMENDED AND RESTATED PRICING LETTER

 AND 
 AMENDMENT NO. 1 TO AMENDED AND RESTATED MASTER REPURCHASE AGREEMENT 

Amendment No. 3 to Amended and Restated Pricing Letter (the “Pricing Letter Amendment”) and Amendment No. 1 to
Amended and Restated Master Repurchase Agreement (the “Repurchase Agreement Amendment”, and together with the Pricing Letter Amendment, this “Amendment”) dated as of February 19, 2013, among UBS REAL ESTATE
SECURITIES INC. (the “Buyer”) and REVERSE MORTGAGE SOLUTIONS, INC. (the “Seller”). 

RECITALS 

The Buyer and the Seller are parties to that certain Amended and Restated Master Repurchase Agreement, dated as of November 1, 2012,
(as amended by this Amendment and from time to time, the “Repurchase Agreement”) and the related Amended and Restated Pricing Letter, dated as of November 1, 2012, as amended by that certain Amendment No. 1 to Pricing
Letter, dated as of December 11, 2012 and as amended by that certain Amendment No. 2 to Pricing Letter, dated as of February 11, 2013 (as the same may be further amended by this Amendment and from time to time, the “Pricing
Letter”). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Repurchase Agreement or in the Pricing Letter, as applicable. 

The Buyer and the Seller have agreed, subject to the terms and conditions of this Amendment, that the Repurchase Agreement be amended to
reflect certain agreed upon revisions to the terms of the Repurchase Agreement. 
 The Buyer and the Seller have agreed, subject
to the terms and conditions of this Amendment, that the Pricing Letter be amended to reflect certain agreed upon revisions to the terms of the Pricing Letter. 
 Accordingly, the Buyer and the Seller hereby agree, in consideration of the mutual promises and mutual obligations set forth herein, that the Repurchase Agreement and the Pricing Letter are hereby amended
as follows: 
 SECTION 1. Amendment to Repurchase Agreement. Effective as of the Amendment Effective Date, the Repurchase
Agreement is hereby amended as follows: 
 1.1 Section 2 of the Repurchase Agreement is hereby amended by inserting the
following definitions in the appropriate alphabetical order: 
 ““Guarantor” shall mean Walter Investment
Management Corp., or any successor in interest thereto.” 
 ““Program Documents” shall mean this
Agreement, the Pricing Letter, the Customer Guide, the Program Guaranty, the Custodial Agreement, the Electronic Tracking Agreement, the Application, a Servicer Notice, if any, and the Power of Attorney.” 

 ““Program Guaranty” shall mean that certain guaranty made by the
Guarantor in favor of Buyer, as amended from time to time.” 
 ““Syndicated Credit Agreement” shall
mean that certain credit agreement dated as of November 28, 2012 among Walter Investment Management Corp., Credit Suisse AG and the lenders party thereto, as the same may be amended, supplemented or otherwise modified from time to time.

 1.2 Section 12 of the Repurchase Agreement is hereby amended by deleting Section 12(d)(v) in its entirety and
replacing it as follows: 
 “Within forty-five (45) days after the end of the first three (3) calendar quarters of
each calendar year and within ninety (90) days after the end of each calendar year, the 10-Q quarterly report or 10-K annual report, as applicable, of Walter Investment Management Corp. that has been filed on EDGAR which indicates compliance
with each financial covenant made by Walter Investment Management Corp. in the Syndicated Credit Agreement.” 
 1.3
Section 12 of the Repurchase Agreement is hereby amended by deleting Section 12(q) in its entirety and replacing it as follows: 
 “Seller shall not create, incur, assume or suffer to exist any mortgage, pledge, Lien, charge or other encumbrance of any nature whatsoever on any of the Repurchase Assets, whether real, personal or
mixed, now or hereafter owned, other than the Liens created in connection with the transactions contemplated by this Agreement; nor shall Seller cause any of the Purchased Assets to be sold, pledged, assigned or transferred except as permitted
hereunder.” 
 1.4 Section 12 of the Repurchase Agreement is hereby amended by deleting Section 12(dd) and
replacing it as follows: 
 “(dd) Notice of Change in Financial Covenants in Syndicated Credit Agreement. The Seller shall
provide written notice to Buyer of any change to any financial covenant contained in the Syndicated Credit Agreement within five (5) Business Days of such change. 
 1.5 Section 13 of the Repurchase Agreement is hereby amended by deleting Section 13(g) in its entirety and replacing it as follows: 

“(g) Any “event of default” or any other default which permits a demand for, or requires, the early repayment of
obligations (i) due by Seller or its Subsidiaries with any note, indenture, loan agreement, guaranty, swap agreement, Hedge Agreement or other Indebtedness in excess of $500,000 of Seller or any of its Subsidiaries or (ii) due by Walter
Investment Management Corp. under the Syndicated Credit Agreement; or” 

 1.6 Section 13 of the Repurchase Agreement is hereby amended by deleting
Section 13(p) in its entirety and replacing it as follows and adding the following Section 13(q) after such replaced Section 13(p): 
 “(p) Governmental Action. Seller shall become the subject of a cease and desist order of the Appropriate Federal Banking Agency or any other governmental Authority or enter into a memorandum of
understanding or consent agreement with the Appropriate Federal Banking Agency or other Governmental Authority, any of which, would have, or is purportedly the result of any condition which would be reasonably likely to have, a Material Adverse
Effect; or 
 (q) Additional Covenant Defaults. Guarantor shall fail to observe or perform any representation, warranty, covenant
or agreement contained in the Program Guaranty.” 
 1.7 Schedule 3 of the Repurchase Agreement is hereby amended by deleting
Number 3 in its entirety and replacing it as follows: 
 “3. That certain credit agreement dated as of November 28,
2012 among Walter Investment Management Corp., Credit Suisse AG and the lenders party thereto, as the same may be amended, supplemented or otherwise modified from time to time. 

SECTION 2. Amendment to the Pricing Letter. Effective as of the Amendment Effective Date (unless otherwise specified below), the
Pricing Letter is hereby amended as follows: 
 2.1 Effective as of the Amendment Effective Date and ending on April 30,
2013, the definition of “Maximum Aggregate Purchase Price” in Section 1 of the Pricing Letter is deleted in its entirety and replaced as follows: 
 ““Maximum Aggregate Purchase Price” shall mean $125,000,000.” 

2.2 Effective as May 1, 2013, the definition of “Maximum Aggregate Purchase Price” in Section 1 of the Pricing
Letter shall be deleted in its entirety and replaced as follows: 
 ““Maximum Aggregate Purchase Price” shall mean
$50,000,000.” 
 2.3 The definition of “Minimum Balance Requirement” in Section 1 of the Pricing
Letter is deleted in its entirety and replaced as follows: 
 ““Minimum Balance Requirement” shall equal an amount
that is the product of [__]% multiplied by the Maximum Aggregate Purchase Price.” 
 2.4 Section 1 of the Pricing
Letter is hereby amended by adding the following definition in the appropriate alphabetical order: 

 “Advance Rate Trigger” shall mean the failure of the Guarantor to maintain
(ii) an Interest Expense Coverage Ratio (as such term is defined in the Syndicated Credit Agreement) of not less than 5 basis points higher than the applicable ratio provided as of November 28, 2012 in the table in Section 6.08 of the
Syndicated Credit Agreement or (ii) a Total Leverage Ratio (as such term is defined in the Syndicated Credit Agreement) of not greater than 5 basis points lower than the applicable ratio provided as of November 28, 2012 in the table in
Section 6.09 of the Syndicated Credit Agreement; provided, that if any required Interest Expense Coverage Ratio or Total Leverage Ratio is amended to be less restrictive, such amended required Interest Expense Coverage Ratio or Total
Leverage Ratio, as applicable, shall be in effect with respect to this definition of “Advance Rate Trigger” only upon the written consent of Buyer; and provided, further, that if any required Interest Expense Coverage Ratio
or Total Leverage Ratio is amended to be more restrictive, such amended required Interest Expense Coverage Ratio or Total Leverage Ratio, as applicable, shall be in effect with respect to this definition of “Advance Rate Trigger” without
further action on the part of Buyer.” 
 2.5 Schedule 1 of the Pricing Letter is deleted in its entirety and replaced with
Schedule 1 attached hereto. 
 SECTION 3. Conditions Precedent. This Amendment shall become effective as of the date
hereof (the “Amendment Effective Date”) subject to the satisfaction of the following conditions precedent: 

3.1 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 duly
authorized officers of the Buyer and the Seller; and 
 (b) such other documents as the Buyer or counsel to the
Buyer may reasonably request. 
 SECTION 4. Limited Effect. Except as expressly amended and modified by this Amendment,
each of the Repurchase Agreement and the Pricing Letter shall continue to be, and shall remain, in full force and effect in accordance with its terms and the execution of this Amendment by the Buyer. This Amendment embodies the entire agreement and
understanding among the parties hereto with respect to the subject matter hereof and supersedes all prior oral or written negotiations, agreements and understandings of the parties with respect to the subject matter hereof. 

SECTION 5. Severability. Any provision of this Amendment which is 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 hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. 

 SECTION 6. 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 7. GOVERNING LAW. THIS AMENDMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AMENDMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AMENDMENT, AND/OR THE
INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES TO THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES
THEREOF. THE PARTIES HERETO INTEND THAT THE PROVISIONS OF SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW SHALL APPLY TO THIS AMENDMENT. 

 IN WITNESS WHEREOF, the undersigned have caused this Amendment to be duly executed as of the
date first above written. 
  

			
	 UBS REAL ESTATE SECURITIES INC., as
 Buyer

		
	By:	 	 
	Name:	 	
	Title:	 	
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	REVERSE MORTGAGE SOLUTIONS, INC.,
as Seller
		
	By:	 	 
	Name:	 	
	Title:	 	

 [Signature Page to Amendment No. 3 to A&R Pricing Letter and Amendment No. 1 to
A&R Master Repurchase Agreement] 

 SCHEDULE 1 

 

									
	 Approved
 Mortgage Product
	  	Concentration Limit
(based upon
Maximum Aggregate
Purchase Price
unless
otherwise
noted)	 	Pricing Spread	 	Asset
Value
(each percentage, the Purchase Price
Percentage)	 	Aging Limit (Days
from initial
Purchase Date
unless otherwise
noted)
	 Conforming Mortgage Loan
	  	[__]%	 	[__]%	 	[__].	 	[__].
	 High Balance Conforming Mortgage Loan
	  	[__]%	 	[__]%	 	[__].	 	[__].
	 Jumbo Mortgage Loan
	  	[__]%	 	[__]%	 	[__].	 	[__].
	 Wet Loan
	  	[__]%	 	[__].	 	[__].	 	[__].
	 HECM Loan
	  	[__]%	 	[__]%	 	[__].	 	[__].
	 Other Agency Mortgage Loan
	  	[__]%	 	[__]%	 	[__].	 	[__].
	 Agency Security
	  	[__]%	 	[__]%	 	[__].	 	[__].
	 Specified Mortgage Loan
	  	[__]%	 	[__]%	 	[__].	 	[__].
	 Mortgage Loan Released on Trust Receipt
	  	[__]	 	[__].	 	[__].	 	[__].

  
 Exh. S-1EX-10.52.6

 Exhibit 10.52.6 

UBS REAL ESTATE SECURITIES INC. 
 677 Washington Boulevard 
 Stamford, CT 06901 

March 14, 2013 
 Reverse
Mortgage Solutions, Inc. 
 2727 Spring Creek Drive 
 Spring, Texas 77373 
 Attention: Michael Kent 

Ladies and Gentlemen: 

Reference is hereby made to (i) the Amended and Restated Master Repurchase Agreement, dated as of November 1, 2012 (as may be amended,
restated, supplemented and or otherwise modified from time to time, the “Agreement”), between UBS Real Estate Securities Inc. (“Buyer”) and Reverse Mortgage Solutions, Inc.
(“Seller”); (ii) the Amended and Restated Pricing Letter, dated as of November 1, 2012 (as may be amended, restated, supplemented and or otherwise modified from time to time, the “Pricing Letter”),
between Buyer and Seller; and (iii) that certain Guaranty, dated as of February 19, 2013, made by Walter Investment Management Corp. (“Guarantor”) in favor of Buyer (as may be amended, restated, supplemented and or otherwise
modified from time to time, the “Guaranty”). Unless otherwise defined in this letter waiver (this “Letter Waiver”), capitalized terms used herein shall have the meanings assigned to them in the
Agreement. 
 1. Pursuant to the terms of this Letter Waiver, the Seller hereby requests that the Buyer waive, from and after
November 1, 2012 until and including March 8, 2013, compliance by the Seller with (i) Section 4(i) of the Pricing Letter (Maintenance of Tangible Net Worth); (ii) Section 4(ii) of the Pricing Letter (Maintenance of Ratio of Indebtedness to Tangible
Net Worth) and (iii) from and after November 1, 2012 until and including March 8, 2013, compliance by the Seller with Section 4(iii) of the Pricing Letter (Maintenance of Profitability). The foregoing covenants are referred to herein as the
“Financial Covenants”. 
 2. Except with respect to representations, warranties and covenants relating to compliance
with the Financial Covenants, Seller hereby reaffirms all other representations, warranties and covenants made by it in the Agreement and the other Program Documents and agrees that all such representations, warranties and covenants shall be deemed
to have been remade as of the Effective Date (as defined below) and represents that as of November 1, 2012, and the Effective Date, no Events of Default have occurred and are continuing. 

3. In reliance upon the representations, warranties and covenants of Seller contained herein, in the Agreement and in any documents or
instruments executed in connection herewith and therewith, Buyer hereby waives compliance with the Financial Covenants as set forth in Paragraph 1 above. 

 4. Buyer has not waived, is not by this Letter Waiver waiving, and has no intention of
waiving, any Event of Default under the Agreement. Buyer reserves its rights, in its sole discretion, to exercise any or all of its rights and remedies under the Agreement as a result of any Event of Default which may occur after the date hereof,
and Buyer has not waived any of such rights or remedies, and nothing in this Letter Waiver, and no delay on their part in exercising any such rights or remedies, should, or shall, be construed as a waiver of any such rights or remedies. For the
avoidance of doubt, Buyer is not waiving compliance with the Financial Covenants after the date set forth in Section 1. 
 5.
Seller hereby consents to and joins in this Letter Waiver and hereby declares and agrees that its obligations under the Program Documents are and shall continue in full force and effect for the benefit of Buyer and there are no offsets, claims or
defenses of Seller with respect to any Program Document and its obligations thereunder are hereby ratified and confirmed in all respects. The Seller and the Guarantor hereby acknowledge and agree that: (i) Buyer and each of its respective
affiliates, employees, officers, agents, contractors and attorneys (collectively, the “Released Parties”) have acted in good faith in negotiating and entering into this Letter Waiver, the Guaranty and the Agreement and that
the provisions hereof and thereof are not in breach or violation of any duty or obligation, express or implied, of Buyer, Seller or Guarantor; (ii) each of the Released Parties has fully performed all of its express and implied obligations to Seller
and Guarantor in connection with the Agreement and with respect to all other contractual relationships between and/or among Buyer, Seller and Guarantor; and (iii) neither Seller nor Guarantor has any claim, demand or cause of action against any
Released Party of any nature, whether in tort or in contract. In consideration for the execution of this Letter Waiver, Seller and Guarantor do hereby release and forever discharge each Released Party from any and all actions, causes of action,
debts, dues, claims, demands, liabilities and obligations of every kind and nature, both at law and in equity, known or unknown, now existing, which might be asserted against such Released Party arising out of, based upon or associated with any
action taken or not taken by such Released Party from the beginning of time to the date of this Letter Waiver. The Seller and the Guarantor further agree to indemnify and hold each of the Released Parties, each of their respective affiliates and
their respective officers, directors, attorneys, agents and employees harmless from any loss, claim, damage, judgment, liability, or expense (including attorneys’ fees) suffered by or rendered against any of them on account of any claims
arising out of or relating to the Agreement, the Guaranty or this Letter Waiver and the obligations of each of them thereunder. Each of the Seller and the Guarantor further states that it has carefully read the foregoing release and indemnity, knows
the contents thereof and grants the same as its own free act or deed. This Section shall survive the termination of the Agreement and the repayment, satisfaction or discharge of all Obligations thereunder. 

6. (a) The Agreement, except to the extent of the waiver specifically provided for herein, is, and shall continue to be, in full force
and effect. The execution, delivery and effectiveness of this Letter Waiver shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of Buyer under the Agreement or Pricing Letter. 

(b) This Letter Waiver may be executed in any number of counterparts, and by the different parties hereto on the same or separate
counterparts, each of which shall be deemed to be an original instrument but all of which together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page by facsimile or other electronic transmission
shall be effective as delivery of a manually executed counterpart of this Letter Waiver. 

  
 - 2 -

 (c) This Letter Waiver shall become effective as of the date (the “Effective
Date”) on which Buyer shall have received counterparts of this Letter Waiver executed by a duly authorized officer of each party hereto and Seller shall have taken such other action, including delivery of approvals, consents, opinions,
documents, fees and instruments, as Buyer may reasonably request. 
 (d) Upon the effectiveness of this Letter Waiver, each
reference in the Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import shall mean and be a reference to the Agreement as modified hereby, and each reference to the Agreement
in any other Program Document or any other document, instrument or agreement, executed and/or delivered in connection with any Program Document shall mean and be a reference to the Agreement as modified hereby. 

(e) This Letter Waiver shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and
assigns. 
 (f) Seller hereby agrees that in addition to any costs otherwise required to be paid pursuant to the Program
Documents, Seller shall pay the reasonable legal fees and out-of-pocket expenses of legal counsel to Buyer in connection with the consummation of this Letter Waiver. 
 (g) Seller hereby intends, acknowledges and agrees that (i) Buyer is a financial participant as defined in section 101(22A) of the Bankruptcy Code; (ii) Buyer is a repo participant as defined in section
101(46) of the Bankruptcy Code; (iii) the Agreement is a securities contract as defined in section 741(7) of the Bankruptcy Code and a repurchase agreement as defined in section 101(47) of the Bankruptcy Code; and (iv) Buyer’s right to exercise
any remedies pursuant to this Letter Waiver is (a) a contractual right to liquidate the Agreement and/or this Letter Waiver as described in section 555 and 559 of the Bankruptcy Code, (b) a contractual right (as defined in section 555 and 559 of the
Bankruptcy Code) under a credit enhancement forming a part of and related to the Agreement and/or (c) a contractual right (as defined in section 555 and 559 of the Bankruptcy Code) to offset or net out a payment amount or other transfer obligation
arising under or in connection with the Agreement and/or this Letter Waiver. 
 (h) GOVERNING LAW. THIS LETTER WAIVER AND
ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS LETTER WAIVER, THE RELATIONSHIP OF THE PARTIES TO THIS LETTER WAIVER, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES TO THIS LETTER WAIVER SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF. THE PARTIES HERETO INTEND THAT THE PROVISIONS OF SECTION 5-1401 OF THE NEW YORK GENERAL
OBLIGATIONS LAW SHALL APPLY TO THIS LETTER WAIVER. 

  
 - 3 -

 Please confirm your agreement to the terms and conditions set forth herein by signing and
returning the enclosed copy of this letter, whereupon it shall be a binding agreement between us. 
  

			
	Very truly yours,
	
	UBS REAL ESTATE SECURITIES, INC, as Buyer
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	By:	 	 
		 	Name:
		 	Title:

 Agreed and Accepted: 
 REVERSE MORTGAGE SOLUTIONS, INC., as Seller 
  

			
	By:	 	 
		 	 Name:

Title:

 [Signature page to Letter Waiver dated March 14, 2013]

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