Document:

EX-10.3

 Exhibit 10.3 

Execution Version 

FORBEARANCE AGREEMENT 

This FORBEARANCE AGREEMENT (this “Agreement”), dated as of February 8, 2019, is entered into by and among DITECH HOLDING
CORPORATION, a Maryland corporation (the “Borrower”), the Lenders listed on the signature pages hereto constituting the Required Lenders and the Agent (as defined below) (the Agent together with the undersigned Lenders, the
“Forbearing Parties”). 
 RECITALS: 

WHEREAS, the Borrower, the Lenders from time to time party thereto and Credit Suisse AG, Cayman Islands Branch, as administrative agent and
collateral agent for the Lenders under the Credit Agreement (in such capacity, the “Agent”) have entered into that certain Second Amended and Restated Credit Agreement, dated as of February 9, 2018 (as amended by that certain
Amendment No. 1 to Second Amended and Restated Credit Agreement, dated as of March 29, 2018, by and among the Borrower and the Lenders party thereto, and as further amended, supplemented or otherwise modified prior to the effectiveness of
this Agreement, the “Credit Agreement”); 
 WHEREAS, the Borrower has advised the Lenders that certain Defaults and/or
Events of Default have occurred and are continuing or may arise under the Credit Agreement, as a result of or arising from, directly or indirectly (a) any Default and/or Event of Default arising under Section 7.01(d) of the Credit
Agreement as a result of the Borrower’s failure to make an interest payment on December 17, 2018 with respect to the Second Lien Senior Subordinated PIK Toggle Notes (the “Interest Payment Default”), (b) any Default and/or
Event of Default arising under Section 7.01(d) of the Credit Agreement as a result of certain of the Borrower’s subsidiaries’ failure to pay any interest, principal, fees or otherwise when due and payable with respect to the Warehouse
Facilities (as defined below) on the “Termination Date” and/or the “Expected Repayment Date” (each as defined in the applicable Warehouse Facilities) (the “Warehouse Payment Default”), (c) any default, event of
default or similar event under instruments governing other Indebtedness arising from or as a result of the Interest Payment Default and/or the Warehouse Payment Default (including, any default, event of default or similar event arising from or as a
result of any failure to deliver any notice of the Interest Payment Default and/or the Warehouse Payment Default thereunder) (the “Cross Defaults”) and (d) any Default and/or Event of Default arising from or as a result of any
failure to deliver any notice to the Agent or the Lenders with respect to the Interest Payment Default, the Warehouse Payment Default and/or the Cross Defaults (the “Notice Default” and together with the Interest Payment Default,
the Warehouse Payment Default and the Cross Defaults, the “Specified Defaults”); 
 WHEREAS, the parties hereto agree that
the Forbearing Parties will forbear, solely during the Forbearance Period (as defined below), from exercising any and all remedies available to them under the Credit Documents with respect to the Specified Defaults (but not waive the Specified
Defaults) on the terms and conditions set forth in this Agreement. The undersigned Lenders, constituting the Required Lenders, and the Agent at the direction of such Required Lenders, are willing to accommodate such requests, subject to satisfaction
of the terms and conditions set forth herein; and 
 NOW, THEREFORE, in consideration of these premises and for other good and valuable
consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

Section 1. Defined Terms. Unless otherwise specifically defined herein, each term used herein (including in the
recitals above) that is defined in the Credit Agreement has the meaning assigned to such term in the Credit Agreement. 
  

 Section 2. Forbearance. Effective as of the Forbearance
Effective Date (as defined below), subject to the terms and conditions of this Agreement and in reliance upon the representation and warranty of the Borrower set forth in Section 4 below, the undersigned Lenders and the
Agent at the direction of the Required Lenders hereby agree to forbear (the “Forbearance”) from taking any Enforcement Action (as defined below) as a result of the occurrence and continuation of any of the Specified Defaults solely
during the period (the “Forbearance Period”) beginning on the first date that the conditions set forth in Section 3 of this Agreement shall have been satisfied (the “Forbearance Effective
Date”) and ending on the date that is the earliest of: 
 (a) February 11, 2019; 

(b) the making of the interest payment that was due on December 17, 2018 with respect to the Second Lien Senior
Subordinated PIK Toggle Notes; 
 (c) the date on which any of the following shall occur: 

(i) an Event of Default (other than the Specified Defaults) occurring under the Credit Agreement; 

(ii) (x) an Event of Default (as defined in the Second Lien Senior Subordinated PIK Toggle Notes Indenture) (other than
arising in connection with the Specified Defaults) occurring under the Second Lien Senior Subordinated PIK Toggle Notes Documents or (y) the Trustee (as defined in the Second Lien Senior Subordinated PIK Toggle Notes Indenture) or any holder of
Second Lien Senior Subordinated PIK Toggle Notes takes any action in violation of the First Lien/Second Lien Intercreditor Agreement; and/or 

(iii) (x) an Event of Default (as defined in any of the Warehouse Facilities) or similar event (in each case, other than
arising in connection with the Specified Defaults) occurring under any of the Warehouse Facilities or (y) any forbearance given with respect to the Specified Defaults under any of the Warehouse Facilities shall cease to be effective; 

(d) the failure of the Borrower to comply with any term, condition or covenant set forth in this Agreement; and 

(e) the failure of any representation or warranty made by the Borrower under this Agreement to be true in all material respects
(or, in the case of any representation and warranty qualified by materiality, in all respects) as of the date when made or deemed made. 

“Warehouse Facilities” shall mean (1) the mortgage loan origination facility governed by that certain Amended and
Restated Master Repurchase Agreement, dated as of November 18, 2016, among Credit Suisse First Boston Mortgage Capital LLC, as administrative agent, Agent, as committed buyer, Alpine Securitization Ltd, as a buyer, Barclays Bank PLC, as a buyer
and other Buyers from time to time, and Ditech Financial LLC, as seller; (2) the reverse mortgage facility governed by that certain Second Amended and Restated Master Repurchase Agreement, dated as of November 30, 2017, among Credit Suisse
First Boston Mortgage Capital LLC, as administrative agent, Agent, as committed buyer, Alpine Securitization Ltd, as a buyer, Barclays Bank PLC, as a committed buyer, and other Buyers from time to time, Reverse Mortgage Solutions, Inc., as a seller,
RMS REO CS, LLC, and RMS REO BRC, LLC; (3) the reverse mortgage facility governed by that certain Master Repurchase Agreement, dated April 23, 2018, between Barclays Bank PLC, as purchaser and as agent, and Reverse Mortgage Solutions,
Inc., as seller; (4) the servicing advance securitization facility governed by that certain Indenture, dated as of February 9, 2018, among 

  
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Ditech PLS Advance Trust II, as issuer, Wells Fargo Bank, N.A., as indenture trustee, as calculation agent, as paying agent and as securities intermediary, Ditech Financial LLC, as servicer and
as administrator, and Credit Suisse First Boston Mortgage Capital LLC, as administrative agent, as supplemented by that certain Series 2018-VF1 Indenture Supplement, dated as of February 9, 2018, among
Ditech PLS Advance Trust II, as issuer, Wells Fargo Bank, N.A., as indenture trustee, as calculation agent, as paying agent and as securities intermediary, Ditech Financial LLC, as servicer and as administrator, and Credit Suisse First Boston
Mortgage Capital LLC, as administrative agent; (5) the servicing advance securitization facility governed by that certain Indenture, dated as of February 9, 2018, among Ditech Agency Advance Trust, as issuer, Wells Fargo Bank, N.A., as
indenture trustee, as calculation agent, as paying agent and as securities intermediary, Ditech Financial LLC, as servicer and as administrator, and Credit Suisse First Boston Mortgage Capital LLC, as administrative agent, as supplemented by that
certain Series 2018-VF1 Indenture Supplement, dated as of February 9, 2018, among Ditech Agency Advance Trust, as issuer, Wells Fargo Bank, N.A., as indenture trustee, as calculation agent, as paying
agent and as securities intermediary, Ditech Financial LLC, as servicer and as administrator, and Credit Suisse First Boston Mortgage Capital LLC, as administrative agent; and (6) the securities forward transactions governed by each of
(A) that certain Master Securities Forward Transaction Agreement, dated as of September 24, 2018, between Ditech Financial LLC and Credit Suisse AG, New York Branch and (B) that certain Master Securities Forward Transaction Agreement,
dated as of May 22, 2017, between Ditech Financial LLC and Barclays Capital, Inc. 
 “Enforcement Actions” shall mean
(1) the declaration of the termination of the Commitments, (2) the declaration of the principal of and any accrued interest and Fees in respect of all Loans and the Notes and all Obligations owing under the Credit Agreement, any other
Credit Document or otherwise to be forthwith due and payable, (3) the termination of any Letter of Credit which may be terminated in accordance with its terms, (4) the enforcement of all of the Liens and security interests created pursuant
to the Security Documents, (5) the enforcement of the Subsidiaries Guaranty, (6) the exercise of any and all other remedies available to the Secured Creditors under the Credit Agreement, any other Credit Document or otherwise or
(7) any vote outside of any insolvency proceeding in favor of, or instruction to, or otherwise taking or failing to take any actions that would permit any Person to undertake any of the actions in foregoing clauses (1) through (6). 

Section 3. Conditions to Effectiveness of this Agreement. This Agreement shall become effective as of the first
date upon which the following conditions are satisfied: 
 (a) the Borrower, the Lenders representing the Required Lenders
and the Agent shall have executed and delivered their respective counterparts of this Agreement; and 
 (b) other than the
Specified Defaults, no Default or Event of Default shall have occurred and be continuing. 
 Section 4.
Representation of the Borrower. The Borrower hereby represents and warrants to the Agent and the undersigned Lenders that as of the Forbearance Effective Date (after giving effect to this Agreement and the other transactions contemplated
hereby): 
 (a) except (i) the representations and warranties set forth in Sections 3.05(f) and 3.07 of the Credit
Agreement and (ii) to the extent that any representation and/or warranty made in any Credit Document relates to and/or is impacted by and/or with respect to the Specified Defaults, each of the representations and warranties made by any Credit
Party in or pursuant to the Credit Documents is true and correct in all material respects (or, in the case of any representation and warranty qualified by materiality, in all respects) on and as of the

  
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Forbearance Effective Date (except to the extent such representations and warranties are specifically made as of an earlier date, in which case such representations and warranties were true and
correct in all material respects (or, in the case of any representation and warranty qualified by materiality, in all respects) as of such date); 

(b) other than the Specified Defaults, no Default or Event of Default has occurred and is continuing on the Forbearance
Effective Date; 
 (c) the Borrower has duly executed and delivered this Agreement, and this Agreement constitutes the legal,
valid and binding obligation of the Borrower enforceable against it in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar
laws generally affecting creditors’ rights generally and by general equitable principles (regardless of whether enforcement is sought by proceedings in equity or at law); 

(d) the execution, delivery and performance of this Agreement will not (i) contravene any provision of any law, statute,
rule or regulation or any order, writ, injunction or decree of any court or Governmental Authority, (ii) (x) violate or result in any breach of any of the terms, covenants, conditions or provisions of, or constitute a default under, or give
rise to any right to accelerate or to require the prepayment, repurchase of redemption of any obligation under, or (y) result in the creation or imposition of (or the obligation to create or impose) any Lien (except pursuant to the Security
Documents) upon any of the property or assets of any Credit Party or any Restricted Subsidiary pursuant to the terms of, any indenture, mortgage, deed of trust, credit agreement or loan agreement, or any other agreement, contract or instrument, in
each case to which any Credit Party or any Restricted Subsidiary is a party or by which it or any its property or assets is bound or to which it may be subject or (iii) violate any provision of the certificate or articles of incorporation or by-laws of the Borrower, except to the extent all violations or contraventions with respect to the foregoing clauses (i) and (ii)(x) could not, either individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect; and 
 (e) all written factual information (taken as a whole) furnished in connection with
this Agreement and the transactions contemplated hereby or otherwise furnished from and after November 14, 2018 in connection with discussions related to potential restructuring, by or on behalf of the Borrower in writing to the Administrative
Agent or any Lender prior to the Forbearance Effective Date, is complete and correct in all material respects on the date as of which such information is dated or certified and does not or will not contain any untrue statement of a material fact or
omit a material fact necessary to make such information (taken as a whole) not misleading in any material respect at such time in light of the circumstances under which such information was provided (giving effect to all supplements and updates
provided thereto prior to the Forbearance Effective Date); provided, that no representation is made with respect to information of a general economic or general industry nature. 

Section 5. Covenants. The Borrower hereby covenants and agrees with the undersigned Lenders that: 

(a) to the extent FTI Consulting Inc. and Kirkland and Ellis LLP continue to represent Lenders constituting the Required
Lenders, it shall, during the Forbearance Period, promptly deliver or cause to be delivered to FTI Consulting Inc. and Kirkland & Ellis LLP all information with respect to the Borrower or any of its Subsidiaries reasonably requested
thereby; provided, however, that the Borrower shall not be required to disclose or provide any information (a) in respect of which disclosure to any Lender (or any of its respective representatives) is prohibited by applicable
law, (b) that is subject to attorney-client or similar privilege or constitutes attorney work product or (c) the Borrower owes confidentiality obligations to any third party; and 

  
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 (b) in the event it or any of its Subsidiaries agrees, as consideration for
or otherwise in connection with any waiver, forbearance, amendment, consent or other modification to the terms of any of its or any such other Subsidiary’s Indebtedness with respect to any Specified Default, to (i) pay any structuring fee,
upfront fee or waiver fee (in each case, howsoever described or denominated) or (ii) any change in any existing applicable interest margin (howsoever described or denominated) that results in such applicable interest margin being more favorable
to the creditor(s) holding such Indebtedness than the applicable interest margin existing on the date hereof, then such fee or such increase in applicable interest margin shall be automatically incorporated into this Agreement as if fully set forth
herein without the need of any further action on the part of any party. Any such fee shall be deemed fully earned and shall be paid by the Borrower to the Agent (for the benefit of the undersigned Lenders pro rata, in accordance with the respective
principal amounts of their Term Loans) by wire transfer of immediately available funds. 
 Section 6. Governing Law.
This Agreement and the transactions contemplated hereby shall be governed by and construed in accordance with the laws of the State of New York. 

Section 7. Effect of This Agreement; Ratification of Obligations.  

(a) Except as expressly set forth herein, this Agreement shall not by implication or otherwise limit, impair, constitute a
waiver of or otherwise affect the rights and remedies of any Lender or the Agent under the Credit Agreement or any other Credit Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or
agreements contained in the Credit Agreement, any other Credit Document or at law or in equity, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Credit
Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Credit Document in similar or different circumstances.

 (b) The Borrower hereby ratifies and reaffirms (a) that each of the Credit Documents to which it is a party has been
duly executed and delivered by it to the Agent and to the Lenders and is in full force and effect as of the date hereof; (b) that the agreements and obligations of the Borrower contained in the Credit Documents, including, without limitation,
all payment, performance, indemnification and other obligations and all guarantees of such obligations constitute the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with the terms thereof;
(c) its grant of liens on or security interests in its properties pursuant to any of the Credit Documents as security for the Obligations under or with respect to the Credit Agreement and confirms and agrees that such liens and security
interests secure all of the Obligations and any additional Obligations hereafter arising or incurred pursuant to or in connection with this Agreement, the Credit Agreement or any other Credit Document; and (d) the Agent and the Lenders are and
shall be entitled to all of the rights, remedies and benefits provided for in the Credit Documents. 
 Section 8.
Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 

  
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 Section 9. Miscellaneous. This Agreement shall constitute a
Credit Document for all purposes of the Credit Agreement, including, without limitation, Section 9.05 of the Credit Agreement. Each Lender party hereto acknowledges that it has, independently and without reliance upon the Agent or any other
Lender and based on such documents and information as it has deemed appropriate, made its own decision to enter into this Agreement. 

Section 10. Direction to Agent. The undersigned Lenders party hereto constituting the Required Lenders hereby
(a) direct the Agent to execute and deliver this Agreement and (b) acknowledge and agree that (i) the direction in this Section 10 constitutes a direction from the Required Lenders under the provisions of
Article 8 of the Credit Agreement and (ii) Article 8 and Section 9.05 of the Credit Agreement shall apply to any and all actions taken by the Agent in accordance with such direction. 

[Remainder of Page Intentionally Left Blank; Signature Pages to Follow] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the date first above written. 
  
  

			
	DITECH HOLDING CORPORATION, as Borrower
		
	By:	 	 /s/ Joanna Colaneri

		 	Name: Joanna Colaneri
		 	Title: Senior Vice President and Treasurer

 [Forbearance Agreement Signature Page] 

 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Administrative Agent and Collateral Agent
		
	By:	 	 /s/ Megan Kane

		 	Name: Megan Kane
		 	Title: Authorized Signatory
		
	By:	 	 /s/ Didier Siffer

		 	Name: Didier Siffer
		 	Title: Authorized Signatory

 [Forbearance Agreement Signature Page] 

 
			
	CATHEDRAL LAKE II, LTD., as Lender
		
	By:	 	/s/ Stanton Ray
		 	Name: Stanton Ray
		 	Title: Portfolio Manager

  
 [Forbearance Agreement
Signature Page] 

 
			
	CATHEDRAL LAKE III, LTD., as Lender
		
	By:	 	/s/ Stanton Ray
		 	Name: Stanton Ray
		 	Title: Portfolio Manager

  
 [Forbearance Agreement
Signature Page] 

 
			
	CATHEDRAL LAKE IV, LTD., as Lender
		
	By:	 	/s/ Stanton Ray
		 	Name: Stanton Ray
		 	Title: Portfolio Manager

  
 [Forbearance Agreement
Signature Page] 

 
			
	CATHEDRAL LAKE V, LTD., as Lender
		
	By:	 	/s/ Stanton Ray
		 	Name: Stanton Ray
		 	Title: Portfolio Manager

  
 [Forbearance Agreement
Signature Page] 

 
			
	CATHEDRAL LAKE CLO 2013, LTD., as Lender
		
	By:	 	/s/ Stanton Ray
		 	Name: Stanton Ray
		 	Title: Portfolio Manager

  
 [Forbearance Agreement
Signature Page] 

 
			
	DOUBLE BLACK DIAMOND OFFSHORE LTD., as Lender
		
	By:	 	/s/ Stanton Ray
		 	Name: Stanton Ray
		 	Title: Portfolio Manager

  
 [Forbearance Agreement
Signature Page] 

 ATRIUM VIII 

ATRIUM IX 
 ATRIUM XII 

ATRIUM XIII 
 MADISON PARK FUNDING X, LTD. 

MADISON PARK FUNDING XI, LTD. 
 MADISON PARK FUNDING
XII, LTD. 
 MADISON PARK FUNDING XIII, LTD. 

MADISON PARK FUNDING XV, LTD. 
 MADISON PARK FUNDING
XVI, LTD. 
 MADISON PARK FUNDING XVII, LTD. 

MADISON PARK FUNDING XX, LTD. 
 MADISON PARK FUNDING
XXI, LTD. 
 MADISON PARK FUNDING XXII, LTD. 

MADISON PARK FUNDING XXVIII, LTD. 
 MADISON PARK FUNDING
XXX, LTD. 
 ONE ELEVEN FUNDING I, LTD. 
 ONE
ELEVEN FUNDING II, LTD. 
 By: Credit Suisse Asset Management, LLC, as portfolio manager 

MADISON PARK FUNDING XVIII, LTD. 
 MADISON PARK FUNDING
XIX, LTD. 
 MADISON PARK FUNDING XXIII, LTD. 

MADISON PARK FUNDING XXIV, LTD. 
 MADISON PARK FUNDING
XXVI, LTD. 
 By: Credit Suisse Asset Management, LLC. as collateral manager 

MADISON PARK FUNDING XXVII, LTD. 
 By: Credit Suisse Asset
Management, LLC, as asset manager 
 BENTHAM SYNDICATED LOAN FUND 

By: Credit Suisse Asset Management, LLC, as agent (sub-advisor) for 

Challenger Investment Services Limited, the Responsible Entity for 

Bentham Syndicated Loan Fund 
 CALIFORNIA STATE TEACHERS’
RETIREMENT SYSTEM 
 COPPERHILL LOAN FUND I, LLC. 

CREDIT SUISSE FLOATING RATE TRUST 
 DOLLAR SENIOR LOAN
FUND, LTD. 
 ERIE INDEMNITY COMPANY 
 MADISON
FLINTHOLM SENIOR LOAN FUND I DAC 
 PHILLIPS 66 RETIREMENT PLAN TRUST 

Renaissance Investment Holdings Ltd. 
 THE EATON
CORPORATION MASTER RETIREMENT TRUST 
 By: Credit Suisse Asset Management, LLC, as investment manager 

  
 [Forbearance Agreement
Signature Page] 

 COMMONWEALTH OF PENNSYLVANIA TREASURY DEPARTMENT 

CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC. 

CREDIT SUISSE FLOATING RATE HIGH INCOME FUND 
 CREDIT
SUISSE HIGH YIELD BOND FUND 
 CREDIT SUISSE STRATEGIC INCOME FUND 

By: Credit Suisse Asset Management, LLC, as investment advisor 

CREDIT SUISSE NOVA (LUX) 
 By: Credit Suisse Asset
Management, LLC or Credit Suisse Asset Management Limited, 
 each as Co-Investment Adviser to Credit Suisse Fund
Management S.A., management company 
 for Credit Suisse Nova (Lux) 

DaVinci Reinsurance Ltd. 
 By: Credit Suisse Asset
Management, LLC, as investment manager for 
 DaVinci Reinsurance Holdings, Ltd.. the owner of DaVinci Reinsurance Ltd. 

  
 [Forbearance Agreement
Signature Page] 

 ERIE INSURANCE EXCHANGE 

By: Credit Suisse Asset Management, LLC, as investment manager for 

Erie Indemnity Company, as Attorney-In-Fact for Erie Insurance Exchange 

KP FIXED INCOME FUND 
 By: Credit Suisse Asset Management,
LLC, as Sub-Adviser for 
 Callan Associates Inc., the Adviser for The KP Funds, the Trust for KP Fixed Income Fund

 SENIOR SECURED FLOATING RATE LOAN FUND 
 By: Credit
Suisse Asset Management, LLC, the Portfolio Manager for 
 Propel Capital Corporation, the manager for Senior Secured Floating Rate Loan Fund 

STATE OF NEW MEXICO STATE INVESTMENT COUNCIL 
 By
authority delegated to the New Mexico State Investment Office 
 By: Credit Suisse Asset Management, LLC, as its manager 

THE CITY OF NEW YORK GROUP TRUST 
 By: Credit Suisse Asset
Management, LLC, as its manager 
 WESPATH FUNDS TRUST 

By: Credit Suisse Asset Management, LLC, the investment adviser for 

UMC Benefit Board Inc., the trustee for Wespath Funds Trust 
  

			
	, as Lender
		
	By:	 	/s/ David Mechlin
		 	Name: David Mechlin
		 	Title: Authorized Signatory

  
 [Forbearance Agreement
Signature Page] 

 
			
	AGF FLOATING RATE INCOME FUND
	BY: EATON VANCE MANAGEMENT
	AS PORTFOLIO MANAGER
	
	as Lender
		
	By:	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	Brighthouse Funds Trust I -
	Brighthouse/Eaton Vance Floating Rate Portfolio
	By: Eaton Vance Management as Investment Sub-Advisor
	
	as Lender
		
	By:	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	Eaton Vance Loan Holding Limited
	By: Eaton Vance Management
	as Investment Manager
	
	as Lender
		
	By:	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	Eaton Vance Floating-Rate
	Income Plus Fund
	By: Eaton Vance Management
	as Investment Advisor
	
	as Lender
		
	By:	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	EATON VANCE SENIOR
	FLOATING-RATE TRUST
	BY: EATON VANCE MANAGEMENT
	AS INVESTMENT ADVISOR
	
	as Lender
		
	By:	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	EATON VANCE FLOATING-RATE
	INCOME TRUST
	BY: EATON VANCE MANAGEMENT
	AS INVESTMENT ADVISOR
	
	as Lender
		
	By:	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	Eaton Vance International
	(Cayman Islands) Floating-Rate
	Income Portfolio
	By: Eaton Vance Management as
	Investment Advisor
	
	as Lender
		
	By:	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	EATON VANCE SENIOR INCOME TRUST
	BY: EATON VANCE MANAGEMENT
	AS INVESTMENT ADVISOR
	
	as Lender
		
	By:	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	Eaton Vance Short Duration
	Diversified Income Fund
	By: Eaton Vance Management
	As Investment Advisor
	
	as Lender
		
	By:	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	EATON VANCE INSTITUTIONAL SENIOR LOAN FUND
	BY: EATON VANCE MANAGEMENT
	AS INVESTMENT ADVISOR
	
	as Lender
		
	By:	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	EATON VANCE
	LIMITED DURATION INCOME FUND
	BY: EATON VANCE MANAGEMENT
	AS INVESTMENT ADVISOR
	
	as Lender
		
	By:	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	Eaton Vance Floating Rate Portfolio
	By: Boston Management and Research
	as Investment Advisor
	
	as Lender
		
	By:	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	Florida Power & Light Company
	By: Eaton Vance Management
	as Investment Advisor
	
	as Lender
		
	By:	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	PACIFIC SELECT FUND
	FLOATING RATE LOAN PORTFOLIO
	BY: EATON VANCE MANAGEMENT
	AS INVESTMENT SUB-ADVISOR
	
	as Lender
		
	By:	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	SENIOR DEBT PORTFOLIO
	By: Boston Management and Research
	as Investment Advisor
	
	as Lender
		
	By:	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	Eaton Vance VT Floating-Rate Income Fund
	By: Eaton Vance Management
	as Investment Advisor
	
	as Lender
		
	By:	 	/s/ Michael B. Botthof
		 	Name: Michael B. Botthof
		 	Title: Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	Highland Capital Management, L.P., on behalf of its and its affiliates’ advised accounts, as Lender
	
	By: Strand Advisors, L.P., its general partner
		
	By:	 	 /s/ Mark Okada

		 	Name: Mark Okada
		 	Title: Partner, Co-CIO

  
 [Forbearance Agreement
Signature Page] 

 
			
	OZ Special Master Fund, LTD., as Lender
	By: OZ Management LP, its investment manager
	By: Och-Ziff Holding Corporation, its General Partner
		
	By:	 	 /s/ Wayne Cohen

		 	Name: Wayne Cohen
		 	Title: President and Chief Operating Officer

  
 [Forbearance Agreement
Signature Page] 

			
	Nuveen Diversified Dividend and Income Fund
	Nuveen Floating Rate Income Fund
	Nuveen Credit Strategies Income Fund
	Nuveen Symphony Floating Rate Income Fund
	Nuveen Credit Opportunities 2022 Target Term Fund
	Nuveen Short Duration Credit Opportunities Fund
	Nuveen Floating Rate Income Opportunity Fund
	Nuveen Senior Income Fund
	
	Symphony Asset Management LLC,
	As Sub-Advisor
		
	By:	 	 /s/ Judith MacDonald

		 	Name: Judith MacDonald
		 	Title: Authorized Signatory

  
 [Forbearance Agreement
Signature Page] 

			
	BayCity Alternative Investment Funds SICAV-SIF - BayCity US
	Senior Loan Fund
	Goldman Sachs Multi-Manager Non-Core Fixed Income Fund
	Menard, Inc.
	Municipal Employees Annuity & Benefit Fund of Chicago
	PENSIONDANMARK
	PENSIONSFORSIKRINGSAKTIESELSKAB
	Principal Funds, Inc. - Diversified Real Asset Fund
	Principal Diversified Real Asset CIT
	Symphony Floating Rate Senior Loan Fund
	BayCity Long-Short Credit Master Fund, LTD.
	BayCity Senior Loan Master Fund Ltd.
	TCI-Symphony CLO 2016-1 Ltd.
	
	Symphony Asset Management LLC,
	As Investment Advisor
		
	By:	 	 /s/ Judith MacDonald

		 	Name: Judith MacDonald
		 	Title: Authorized Signatory

  
 [Forbearance Agreement
Signature Page] 

			
	BayCity Corporate Arbitrage and Relative Value Fund, L.P.
	
	Symphony Asset Management LLC,
	As General Partner
		
	By:	 	 /s/ Judith MacDonald

		 	Name: Judith MacDonald
		 	Title: Chief Compliance Officer and General Counsel

  
 [Forbearance Agreement
Signature Page] 

			
	California Street CLO IX Limited Partnership
	California Street CLO XII, Ltd.
	Symphony CLO XIV, Ltd.
	Symphony CLO XV, Ltd.
	Symphony CLO XVIII, LTD.
	Symphony CLO XIX, Ltd.
	
	Symphony Asset Management LLC,
	As Collateral Manager
		
	By:	 	 /s/ Judith MacDonald

		 	Name: Judith MacDonald
		 	Title: Chief Compliance Officer and General Counsel

  
 [Forbearance Agreement
Signature Page] 

 
			
	TAO Fund, LLC, as Lender
		
	By:	 	 /s/ Joshua Peck

		 	Name: Joshua Peck
		 	Title: Vice President

  
 [Forbearance Agreement
Signature Page]EX-10.4

 Exhibit 10.4 

EXECUTION VERSION 
 FORBEARANCE
WITH RESPECT TO WAREHOUSE FACILITY AGREEMENTS 
 This Forbearance with respect to Warehouse Facility Agreements, dated as of the
Effective Date (as defined below) (this “Forbearance”), is entered into by and among CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC (“Credit Suisse”), as Administrative Agent on behalf of Buyers (in such capacity,
“Administrative Agent”), CREDIT SUISSE AG, A COMPANY INCORPORATED IN SWITZERLAND, ACTING THROUGH ITS CAYMAN ISLANDS BRANCH (“CS Cayman”), ALPINE SECURITIZATION LTD (“Alpine” and together with CS
Cayman, the “CS Buyers”), BARCLAYS BANK PLC (“Barclays” and together with the CS Buyers, each acting in its respective capacity as purchaser or buyer, as applicable, under the applicable Repo Transaction Documents
(as defined below), the “Buyers”), BARCLAYS CAPITAL, INC., CREDIT SUISSE AG, NEW YORK BRANCH (“CS New York”), DITECH FINANCIAL LLC (“Ditech”), REVERSE MORTGAGE SOLUTIONS, INC.
(“RMS”), RMS REO CS, LLC (“CS REO Subsidiary”), RMS REO BRC, LLC (“Barclays REO Subsidiary” and, together with CS REO Subsidiary, the “REO Subsidiaries”), DITECH AGENCY ADVANCE
TRUST (“DAAT”), DITECH PLS ADVANCE TRUST II (“DPAT II”), and DITECH HOLDING CORPORATION (“Guarantor”, and together with Ditech, RMS, REO Subsidiaries, DAAT and DPAT II, the “Ditech
Parties”). 
 RECITALS 

WHEREAS, (i) Administrative Agent, Buyers and Ditech are parties to that certain Amended and Restated Master Repurchase Agreement, dated
as of November 18, 2016 (as amended, restated, supplemented or otherwise modified prior to the Effective Date, the “Ditech Exit Repurchase Agreement”), and (ii) the Guarantor is party to that certain Guaranty (as amended,
restated, supplemented or otherwise modified prior to the Effective Date, the “Ditech Exit Guaranty” and, collectively with the Ditech Exit Repurchase Agreement, and the other Program Agreements (as such term is defined in the
Ditech Exit Repurchase Agreement), the “Ditech Exit Transaction Documents”), dated as of February 9, 2018, by the Guarantor in favor of Administrative Agent for the benefit of the Buyers; 

WHEREAS, (i) the Administrative Agent, Buyers, RMS and REO Subsidiaries are parties to that certain Second Amended and Restated Master
Repurchase Agreement, dated as of November 30, 2017 (as amended, restated, supplemented or otherwise modified prior to the Effective Date, the “RMS Exit Repurchase Agreement”) and (ii) the Guarantor is party to that
certain Guaranty (as amended, restated, supplemented or otherwise modified prior to the Effective Date, the “RMS Exit Guaranty” collectively with the RMS Exit Repurchase Agreement and the other Program Agreements (as such term is
defined in the RMS Exit Repurchase Agreement), the “RMS Exit Transaction Documents”, and, together with the Ditech Exit Transaction Documents, the “Exit Repo Transaction Documents”), dated as of February 9,
2018, by the Guarantor in favor of Administrative Agent for the benefit of the Buyers; 
 WHEREAS, (i) Barclays and RMS are parties to
that certain Master Repurchase Agreement, dated as of April 23, 2018 (as amended, restated, supplemented or otherwise modified prior to the Effective Date, the “Barclays-RMS Repurchase
Agreement”) and (ii) the Guarantor is party to that certain Guaranty (as amended, restated, supplemented or otherwise 

 
modified prior to the Effective Date, the “Barclays-RMS Guaranty” collectively with the
Barclays-RMS Repurchase Agreement and the other Program Documents (as such term is defined in the Barclays-RMS Repurchase Agreement), the “Barclays-RMS Transaction Documents”), dated as of April 23, 2018, by the Guarantor in favor of Barclays. The Barclays-RMS Transaction Documents and the Exit Repo
Transaction Documents are referred to herein collectively as the “Repo Transaction Documents”; 
 WHEREAS, (i) Ditech
and CS New York were parties to that certain Master Securities Forward Transaction Agreement, dated as of September 24, 2018 (as amended, restated, supplemented or otherwise modified prior to the Effective Date, the “CS
MSFTA”), and (ii) Ditech and Barclays Capital, Inc. (“Barclays MSFTA Counterparty”, and together with CS New York, the “MSFTA Counterparties”) are parties to that certain Master Securities Forward
Transaction Agreement, dated as of May 22, 2017, between the Barclays MSFTA Counterparty and Ditech (as amended, restated, supplemented or otherwise modified as of the Effective Date, the (“Barclays MSFTA”, and collectively
with the CS MSFTA, the “MSFTAs”); 
 WHEREAS, Wells Fargo Bank, N.A., as indenture trustee, calculation agent, paying agent
and securities intermediary, DAAT, as issuer, Ditech, as administrator and servicer, and Credit Suisse, as administrative agent, are parties to (i) that certain Indenture, dated as of February 9, 2018, and effective as of February 12,
2018 (as amended, supplemented, or otherwise modified prior to the Effective Date, the “DAAT Indenture”) and (ii) that certain Series 2018-VF1 Indenture Supplement, dated as of
February 9, 2018, and effective as of February 12, 2018 (as amended, supplemented or otherwise modified prior to the Effective Date, the “DAAT VFN Supplement”, collectively with the DAAT Indenture and the Transaction
Documents (as defined in the DAAT Indenture), the “DAAT Transaction Documents”). CS New York and Barclays, acting solely in their capacities as Series Required Noteholders (as defined in the DAAT VFN Supplement) of the Series 2018-VF1 Notes (as defined in the DAAT VFN Supplement), are referred to herein collectively as the “DAAT VFN Noteholders”; 

WHEREAS, Wells Fargo Bank, N.A., as indenture trustee, calculation agent, paying agent and securities intermediary, DPAT II, as issuer,
Ditech, as administrator and servicer, and Credit Suisse, as administrative agent, are parties to (i) that certain Indenture, dated as of February 9, 2018, and effective as of February 12, 2018 (as amended, supplemented, or otherwise
modified prior to the Effective Date, the “DPAT II Indenture”) and (ii) that certain Series 2018-VF1 Indenture Supplement, dated as of February 9, 2018, and effective as of
February 12, 2018 (as amended, supplemented or otherwise modified prior to the Effective Date, the “DPAT II VFN Supplement”, collectively with the DPAT II Indenture and the Transaction Documents (as defined in the DPAT II
Indenture), the “DPAT II Transaction Documents”). The DAAT Transaction Documents and the DPAT II Transaction Documents are referred to herein collectively as the “Servicing Advance Facility Agreements”. The
Servicing Advance Facility Agreements, the Repo Transaction Documents and the MSFTAs are referred to herein each as a “Warehouse Facility Agreement” and collectively as the “Warehouse Facility Agreements”. CS New
York and Barclays, acting solely in their capacities as Series Required Noteholders (as defined in the DPAT II VFN Supplement) of the Series 2018-VF1 Notes (as defined in the DPAT II VFN Supplement), are
referred to herein collectively as the “DPAT II VFN Noteholders”, and together with the DAAT VFN Noteholders, the “VFN Noteholders”; 

  
 - 2 - 

 WHEREAS, (i) on December 17, 2018, the Guarantor failed to make an interest
payment (the “Specified Interest Payment”) with respect to the 9.0% Second Lien Senior Subordinated PIK Toggle Notes due 2024, issued under the indenture, dated as of February 9, 2018 (as amended, supplemented or otherwise
modified prior to the Effective Date, the “2L Indenture”) among the Guarantor, as issuer, the subsidiary guarantors party thereto (collectively, the “2L Indenture Guarantors”), and Wilmington Savings Fund Society,
FSB, as trustee and collateral agent (in such capacities, together with any successors and assigns in any such capacity, the “2L Indenture Trustee”), and (ii) the Guarantor and the 2L Indenture Guarantors anticipate continuing
to fail to make such Specified Interest Payment beyond the termination date set forth in that certain Forbearance, dated as of January 16, 2019, by and among the parties hereto (together with any other default, event of default, acceleration
event or similar event under instruments governing Indebtedness (as defined below) of Guarantor or any of its Subsidiaries resulting solely from the foregoing, the “Specified Guarantor Default”); 

WHEREAS, (i) the “Termination Date” (as defined in each of (x) the RMS Exit Transaction Documents and (y) the Ditech
Exit Transaction Documents) is scheduled to occur on February 8, 2019 (the “Specified Repo Maturity Event”), and (ii) the “Expected Repayment Date” (as defined in each of (x) the DAAT Transaction Documents
and (y) the DPAT II Transaction Documents) is scheduled to occur on February 11, 2019 (the “Specified SAF Maturity Event”, and together with the Specified Repo Maturity Event, the “Specified Maturity
Events”); 
 WHEREAS, the Guarantor, Ditech, RMS and certain other Subsidiaries of the Guarantor (but excluding the “REO
Subsidiaries” under any of the Repo Transaction Documents, DAAT, DPAT II, and the “Depositors” under the Servicing Advance Facility Agreements) may substantially concurrently file petitions to commence cases under chapter 11 of the
Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (to the extent commenced on or prior to February 11, 2019, the “Specified Proceeding,” and the date of such filing commencing the
Specified Proceeding, the “Petition Date”; the Specified Proceeding together with the Specified Maturity Events, the Specified Guarantor Default and any other default, event of default, notice of default, acceleration event or
similar event under instruments governing Indebtedness or contracts of Guarantor or any of its Subsidiaries resulting solely from the foregoing, the “Specified Events”); and 

WHEREAS, the parties hereto have agreed to enter into this Forbearance subject to and on the terms set forth herein. 

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

  
 - 3 - 

 Section 1. Forbearances. 

(a) Each of the Administrative Agent and the Buyers acknowledges and agrees that as of the Effective Date (as defined below) and until the
termination of this Forbearance pursuant to Section 3, and notwithstanding anything to the contrary in the Repo Transaction Documents (but subject to Sections 1(d), 1(e), 3 and 4 hereof): 

(i) it shall not foreclose on property, liquidate collateral, or otherwise commence the exercise of remedies with respect to
any property, funds, or collateral held or owned pursuant to any Repo Transaction Document to which it is a party, solely based upon any Specified Event; and 

(ii) it shall continue to enter into Transactions (as defined in the applicable Repo Transaction Document) with the applicable
Ditech Party in accordance with the terms of and subject to the conditions set forth in the applicable Repo Transaction Documents (as modified by the terms of this Forbearance) through February 8, 2019 without regard to, and notwithstanding,
the definition of “Termination Date” contained in the Repo Transaction Documents. 
 (b) Each VFN Noteholder acknowledges and
agrees that as of the Effective Date (as defined below) and until the termination of this Forbearance pursuant to Section 3, and notwithstanding anything to the contrary in the Servicing Advance Facility Agreements (but
subject to Sections 1(d), 1(e), 3 and 4 hereof), it shall not foreclose on property, liquidate collateral, or otherwise commence the exercise of remedies under any Servicing Advance Facility Agreement, solely based upon
any Specified Event. 
 (c)    The Barclays MSFTA Counterparty acknowledges and agrees (and the Administrative Agent and
the other Secured Parties party hereto acknowledge and consent to such acknowledgement and agreement by the Barclays MSFTA Counterparty) that as of the Effective Date (as defined below) and until the termination of this Forbearance pursuant to
Section 3, and notwithstanding anything to the contrary in the Barclays MSFTA (but subject to Sections 1(d), 1(e), 3 and 4 hereof): 

(i) it shall not foreclose on property, liquidate collateral, or otherwise commence the exercise of remedies with respect to
any property, funds, or collateral held or owned pursuant to the Barclays MSFTA, solely based upon any Specified Event; and 

(ii) it shall not close-out any Transactions (as defined in the Barclays MSFTA) with
Ditech that would otherwise remain outstanding under the Barclays MSFTA (as modified by the terms of this Forbearance), solely based upon any Specified Event. 

(d) Notwithstanding anything to the contrary in this Section 1, in no event shall any forbearance or other agreement
set forth in Section 1(a), 1(b) or 1(c) apply to any indebtedness (including any warehouse, credit, repurchase, line of credit, financing, derivative, hedging or forward sale agreements or other Indebtedness
or obligation) in respect of which the holders, or an agent, trustee or other representative of the holders, have commenced the exercise of remedies (i) against any assets constituting or contemplated to be Collateral (as defined below), or
(ii) in a manner that is materially adverse to the rights, claims or interests of any of the Secured Parties (as defined below) as determined by any or all of the Buyers in its/their sole discretion. 

  
 - 4 - 

 (e) Notwithstanding anything to the contrary herein, this Forbearance shall not, and shall
not be construed to, obligate (i) the Administrative Agent or any Buyer to enter into any Transaction (as defined in the applicable Repo Transaction Document) after February 8, 2019, (ii) any MSFTA Counterparty to enter into any
Transaction (as defined in the applicable MSFTA) or (iii) any VFN Noteholder to fund any VFN Draw (as defined in the DAAT Indenture and the DPAT II Indenture, as applicable) after February 8, 2019. In addition, each of the Ditech Parties
specifically acknowledges and agrees that, notwithstanding anything to the contrary in the Warehouse Facility Agreements, each of the Administrative Agent, CS Buyers and CS New York has no obligation to, and does not intend to, enter into any
Transaction (as defined in the Repo Transaction Documents) after February 8, 2019 or fund any VFN Draw (as defined in the DAAT Indenture and the DPAT II Indenture, as applicable) on or after February 8, 2019. 

(f) For the avoidance of doubt, each of the Buyers, VFN Noteholders, MSFTA Counterparties and Administrative Agent, acknowledge and agree that
none of the Ditech Parties shall be required to deliver any notice or any officer’s compliance certificate pursuant to any Warehouse Facility Document to which it is a party in connection with any Specified Event. 

(g) The parties hereto acknowledge that the CS MSFTA has been terminated. 

Section 2. Conditions to Effectiveness of Forbearance. This Forbearance shall become effective on February 8, 2019 (the
“Effective Date”) upon (a) the Buyers having received this Forbearance executed and delivered by the parties hereto, (b) the Ditech Parties’ payment of the Upfront Forbearance Fee (as defined below), and (c) the
Ditech Parties’ payment of the fees and expenses provided for in Section 10 below. 
 Section 3. Termination. This
Forbearance shall terminate and the forbearance herein shall be void, in each case, automatically, immediately and without further notice or action upon the earliest to occur of the following, it being expressly agreed that the effect of such
termination will be to permit each of the Secured Parties (as defined below) to exercise any rights, remedies, powers and privileges it may have immediately: 

(a) 11:59 p.m. (EST) on February 11, 2019, if, on or prior to such time (a) the Petition Date has not occurred, and (b) the
Ditech Parties have not filed in the Specified Proceeding a motion or other pleading containing executed commitment papers evidencing debtor-in-possession financing in
an amount sufficient to satisfy in full all debts, claims and obligations (including any attorneys’ fees and expenses) owed to, or incurred by, Credit Suisse, the CS Buyers and CS New York under and pursuant to the Warehouse Facility Agreements
on or before February 13, 2019; 
 (b) 11:59 pm (EST) on the fifth (5th) Business Day following the Petition Date; and 

(c) any of the holders, or an agent, trustee or other representative of the holders, of any indebtedness (including any warehouse, credit,
repurchase, line of credit, financing, derivative, hedging or forward sale agreements or other Indebtedness or obligation) or any other creditor shall have commenced the exercise of remedies (x) against any assets constituting or contemplated
to be Collateral or (y) in a manner that is materially adverse to the rights, claims or interests of any of the Secured Parties as determined by any or all of the Buyers in its/their sole discretion; 

  
 - 5 - 

 For the avoidance doubt, the Administrative Agent, Buyers and the Ditech Parties acknowledge and agree that,
upon the Effective Date, Section 8.1 of the Administration Agreement shall be deemed amended and modified so as to permit each of the Secured Parties to exercise any of their respective rights, remedies, powers and privileges under any of the
Warehouse Facility Agreements notwithstanding the absence of consent or ratification of all “Required Buyers” (as that term is defined in the Administration Agreement). Notwithstanding anything to the contrary in the Administration
Agreement or any other Warehouse Facility Agreement, any action or inaction by the Barclays MSFTA Counterparty under the Barclays MSFTA, including any exercise of its rights, remedies, powers and privileges under the Barclays MSFTA, shall be at the
sole discretion of the Barclays MSFTA Counterparty and shall not require any consent or ratification of any other Secured Party. Further, Sections 4, 6, 7, 8, 9, 10 and 11 shall survive,
notwithstanding such termination. 
 Section 4. Reservation of Rights; Effect and Construction of Agreement. 

(a) Except as expressly provided for in Section 1 of this Forbearance, (i) the Warehouse Facility Agreements
shall continue to be, and shall remain, in full force and effect in accordance with their terms, (ii) nothing in this Forbearance and no delay or failure of Administrative Agent, any Buyer, any MSFTA Counterparty, the VFN Noteholders or
Barclays, CS Cayman or any of their respective Affiliates (collectively, the “Secured Parties”) in any other capacity under any Warehouse Facility Agreement in exercising (or any single or partial exercise of) any right, remedy,
power or privilege pursuant to any Warehouse Facility Agreement should, or shall, be construed as a waiver of, or otherwise preclude any other or further exercise of, any of their respective rights, remedies, powers or privileges under any Warehouse
Facility Agreement, and (iii) each of the Secured Parties reserves, and has not waived, its rights to exercise, in its sole discretion, any or all of its rights, remedies, powers and privileges under the respective Warehouse Facility Agreements
to which such Secured Party is a party or by which it is bound. 
 (b) This Forbearance shall not be construed to impair the validity,
perfection, or priority of any lien, encumbrance or security interest securing any obligations under any Warehouse Facility Agreement. Except to the extent expressly provided in Section 1, the terms and conditions of the
Warehouse Facility Agreement shall remain unchanged and in full force and effect, and each of the Secured Parties expressly reserves the right to require strict compliance with the terms of the respective Warehouse Facility Agreements to which such
Secured Party is a party or by which it is bound. Each party hereto acknowledges that the terms of this Forbearance shall not constitute a course of dealing among any of the persons or entities party hereto or from time to time party to any of the
Warehouse Facility Agreements. The forbearance set forth in Section 1 shall be limited precisely as written and relate solely to the Specified Events in the manner and to the extent described in
Section 1. 

  
 - 6 - 

 (c) In entering into this Forbearance, each of the Ditech Parties acknowledges that it is
relying on no statement, representation, warranty, covenant, or agreement of any kind made by any Secured Party, except for the agreements of the Secured Parties expressly set forth herein. 

(d) This Forbearance constitutes the entire agreement between the parties hereto relating to the subject matter hereof, and supersedes any
prior oral or written proposals, negotiations, agreements, and understandings relating to such subject matter. 
 Section 5.
Counterparts. This Forbearance may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken
together shall constitute a single instrument. Delivery of an executed counterpart of a signature page of this Forbearance by facsimile or any other electronic transmission shall be effective as delivery of a manually executed counterpart hereof.

 Section 6. Applicable Law; Jurisdiction; Waiver of Jury Trial.  

(a) THIS FORBEARANCE, AND ALL MATTERS ARISING OUT OF OR RELATING TO THIS FORBEARANCE, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE INTERNAL LAW OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO THE CHOICE OF LAW PROVISIONS THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS
LAW), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HERETO SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAW.  
 (b)
SECTION 10.11(B) OF THE ADMINISTRATION AGREEMENT IS HEREBY INCORPORATED BY REFERENCE INTO THIS FORBEARANCE AND SHALL APPLY AS IF FULLY SET FORTH HEREIN MUTATIS MUTANDIS. 

Section 7. Headings. The headings of this Forbearance are for purposes of reference only and shall not limit or otherwise affect
the meaning hereof. 
 Section 8. Benefit of Agreement. This Forbearance shall be binding upon and inure to the benefit of and
be enforceable by the parties hereto, their respective successors and permitted assigns. No other Person shall be entitled to claim any right or benefit hereunder, including, without limitation, the status of a third-party beneficiary of this
Forbearance. 
 Section 9. Forbearance Fee. In consideration for, and entry into and performance of, this Forbearance, on
or before the Effective Date, the Ditech Parties shall pay to the Administrative Agent solely for the benefit of the CS Buyers and CS New York an upfront forbearance fee in an amount equal to $240,000.00 (the “Upfront Forbearance
Fee”). In addition, the Ditech Parties shall pay to the Administrative Agent solely for the benefit of the CS Buyers and CS New York an additional fee equal to $80,000.00 for each Business Day, if any, on which the Ditech Parties’
obligations under the DIP Warehouse Facility Agreements have not been paid in full during the period commencing on (and including) February 14, 2019 (the “Additional Fee Start Date”) and ending on (but excluding) the earlier of
(x) the Termination Date and (y) the date on which the Ditech Parties’ obligations under the DIP Warehouse Facility Agreements have been paid in full (such fee, the “Additional Fee”); provided, however, that to the
extent that the date on which the Ditech Parties’ obligations under the DIP Warehouse Facility Agreements 

  
 - 7 - 

 
have been paid in full occurs prior to the Additional Fee Start Date, the Ditech Parties shall be entitled to a rebate of such Upfront Forbearance Fee in an amount equal to $80,000 for each such
Business Day occurring prior to such Additional Fee Start Date and shall be payable to the Guarantor on the first Business Day following the date on which the Ditech Parties’ obligations under the DIP Warehouse Facility Agreements have been
paid in full. The Additional Fee, if any, shall be payable on the first Business Day following the date on which such fee accrues in accordance with the foregoing, and shall be deemed fully earned and
non-refundable in all respects. For the avoidance of doubt, nothing in this Section 9 shall be construed in any manner whatsoever to extend the terms and conditions of this Forbearance beyond the
Termination Date as set forth in Section 3. Furthermore, for the avoidance of doubt, no Additional Fee shall accrue on any Business Day during which the Ditech Parties’ obligations under the DIP Warehouse Facility Agreements are paid in
full. 
 Section 10. Fees and Expenses. Notwithstanding anything to the contrary in the Warehouse Facility Agreements or
otherwise, the Ditech Parties shall pay all of the respective reasonable costs and expenses (including the fees and expenses of attorneys, accountants and other professionals) of the Administrative Agent, CS Buyers and CS New York in connection with
the negotiation, preparation, administration, monitoring and performance of the Forbearance, as well as any such costs associated with the enforcement, defense or protection of the rights of the Administrative Agent, the CS Buyers and CS New York
hereunder or under any of the Warehouse Facility Agreements. For the avoidance of doubt, the Ditech Parties shall pay on the Effective Date all of the reasonable and documented fees and expenses provided for herein that have accrued or been incurred
on the Effective Date and, thereafter, at such regular intervals as requested by the Administrative Agent, the CS Buyers and CS New York. Further, for the avoidance of doubt, no fees or expenses accrued or incurred after the date on which the Ditech
Parties’ obligations under the DIP Warehouse Facility Agreements have been paid in full shall be reimbursable hereunder. 

Section 11. Certain Definitions. Capitalized terms used but not defined herein shall have the meanings assigned to
such terms in the Administration Agreement (as defined below). As used herein, the following terms shall have the following meanings: 
 (a)
“Administration Agreement” means that certain Master Administration Agreement, dated as of November 30, 2017 but effective as of the Amendment Effective Date (as defined therein), by and among the Administrative Agent, the
Buyers party thereto and the Ditech Parties party thereto, as amended by Amendment No. 1, dated as of February 12, 2018, as further amended, restated, modified and/or supplemented from time to time. 

(b) “Business Day” has the meaning assigned to such term in the Administration Agreement, it being agreed by the parties
hereto that February 18, 2019 does not constitute a Business Day hereunder. 
 (c) “Collateral” means, collectively,
(i) the “Repurchase Assets” (as defined in any Repo Transaction Document), (ii) the collateral under the Netting Agreement, (iii) “Collateral” (as defined in any Servicing Advance Facility Agreement), and (iv) all other
assets of any Ditech Party subject to any lien, encumbrance or security interest securing any obligations under any Warehouse Facility Agreement. 

  
 - 8 - 

 (d) “Indebtedness” means any warehouse, credit, repurchase, line of credit,
financing, derivative, hedging or forward sale agreements or other Indebtedness (as defined in the Ditech Exit Repurchase Agreement). 

[Remainder of page intentionally left blank.] 

  
 - 9 - 

 IN WITNESS WHEREOF, the parties hereto have caused this Forbearance to be executed and
delivered by their respective duly authorized signatories as of the date first above written. 
  

			
	 CREDIT SUISSE FIRST BOSTON
MORTGAGE CAPITAL LLC, as
Administrative
Agent

		
	By:	 	 /s/ Margaret Dellafera

	Name:	 	Margaret Dellafera
	Title:	 	Vice President
	
	 CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH, as a Buyer

		
	By:	 	 /s/ Margaret Dellafera

	Name:	 	Margaret Dellafera
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Kwaw de Graft-Johnson

	Name:	 	Kwaw de Graft-Johnson
	Title:	 	Authorized Signatory
	
	 ALPINE SECURITIZATION LTD, as a

Buyer, by Credit Suisse AG, New York Branch
 as Attorney-in-Fact

		
	By:	 	 /s/ Elie Chau

	Name:	 	Elie Chau
	Title:	 	Vice President
		
	By:	 	 /s/ Erin McCutcheon

	Name:	 	Erin McCutcheon
	Title:	 	Vice President

 [SIGNATURE PAGE TO FORBEARANCE] 

 
			
	 CREDIT SUISSE AG, NEW YORK
BRANCH, as MSFTA
Counterparty

		
	By:	 	 /s/ Elie Chau

	Name:	 	Elie Chau
	Title:	 	Vice President
	
	 CREDIT SUISSE AG, NEW YORK
BRANCH, as Series Required
Noteholder
of the Series 2018-VF1 Notes (as such terms
are defined in the DAAT VFN Supplement
and the DPAT II VFN Supplement)

		
	By:	 	 /s/ Elie Chau

	Name:	 	Elie Chau
	Title:	 	Vice President

 [SIGNATURE PAGE TO FORBEARANCE] 

 
			
	 BARCLAYS CAPITAL, INC.,
as MSFTA Counterparty

		
	By:	 	 /s/ Joseph O’Doherty

	Name:	 	Joseph O’Doherty
	Title:	 	Managing Director
	
	BARCLAYS BANK PLC, as Buyer
		
	By:	 	 /s/ Joseph O’Doherty

	Name:	 	Joseph O’Doherty
	Title:	 	Managing Director
	
	 BARCLAYS BANK PLC, as Series Required
Noteholder of the Series 2018-VF1 Notes
(as such terms are defined in the DAAT
VFN Supplement and the DPAT II VFN
Supplement)

		
	By:	 	 /s/ Joseph O’Doherty

	Name:	 	Joseph O’Doherty
	Title:	 	Managing Director

 [SIGNATURE PAGE TO FORBEARANCE] 

 
			
	 DITECH FINANCIAL LLC, as a Seller Party

		
	 By:
	 	 /s/ Joanna Colaneri

	 Name:
	 	 Joanna Colaneri

	 Title:
	 	 Senior Vice President and Treasurer

	
	 REVERSE MORTGAGE SOLUTIONS,

INC., as a Seller Party

		
	 By:
	 	 /s/ Andrew G. Dokos

	 Name:
	 	 Andrew G. Dokos

	 Title:
	 	 VP

	
	 RMS REO CS, LLC, as a Seller Party

		
	 By:
	 	 /s/ Andrew G. Dokos

	 Name:
	 	 Andrew G. Dokos

	 Title:
	 	 VP

	
	 RMS REO BRC, LLC, as a Seller Party

		
	 By:
	 	 /s/ Andrew G. Dokos

	 Name:
	 	 Andrew G. Dokos

	 Title:
	 	 VP

	
	 DITECH HOLDING CORPORATION, as
Guarantor

		
	 By:
	 	 /s/ Joanna Colaneri

	 Name:
	 	 Joanna Colaneri

	 Title:
	 	 Senior Vice President and Treasurer

	
	 DITECH AGENCY ADVANCE TRUST, as
Issuer

		
	 By:
	 	Ditech Financial LLC, as administrator
		
	 By:
	 	 /s/ Joanna Colaneri

	 Name:
	 	 Joanna Colaneri

	 Title:
	 	 Senior Vice President and Treasurer

 [SIGNATURE PAGE TO FORBEARANCE] 

 
			
	 DITECH PLS ADVANCE TRUST II, as

      Issuer

		
	By:	 	Ditech Financial LLC, as administrator
		
	By:	 	 /s/ Joanna Colaneri

	Name:	 	Joanna Colaneri
	Title:	 	Senior Vice President and Treasurer

 [SIGNATURE PAGE TO FORBEARANCE]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}]]