Document:

Exhibit 10.2.2

   

  EXECUTION

   

  AMENDMENT NUMBER TWO

    to the

  MASTER REPURCHASE AGREEMENT

  Dated as of June 3, 2020,

    among

  HOME POINT FINANCIAL CORPORATION,

    MORGAN STANLEY BANK. N.A.,

    and

  MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC

   

  This AMENDMENT NUMBER TWO
    (this “Amendment”) is made this 18th day of November, 2020, among HOME POINT FINANCIAL CORPORATION, a New Jersey
    corporation, as seller (“Home Point”), MORGAN STANLEY BANK, N.A., a national banking association, as buyer (“Buyer”)
    and MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC, a New York limited liability company, as agent for the Buyer (“Agent”),
    to the Master Repurchase Agreement, dated as of June 3, 2020, as amended by that certain Amendment Number One to the Master Repurchase
    Agreement, dated as of August 14, 2020 (as may be amended, modified or supplemented from time to time, the “Agreement”),
    among Seller, Buyer and Agent, as such agreement may be further amended from time to time. Capitalized terms used but not otherwise
    defined herein shall have the meanings assigned to such terms in the Agreement.

   

  RECITALS

   

  WHEREAS, Seller, Buyer and
    Agent have agreed to amend the Agreement as more specifically set forth herein; and

   

  WHEREAS, as of the date hereof,
    Seller represents to Buyer and Agent that Seller is in full compliance with all of the terms and conditions of the Agreement and
    each other Repurchase Document and no Default or Event of Default has occurred and is continuing under the Agreement or any other
    Repurchase Document.

   

  NOW THEREFORE, for good and
    valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and for the mutual covenants herein contained,
    the parties hereto hereby agree as follows:

   

  SECTION 1.  Amendment.
    The Agreement is hereby amended as follows:

   

  Section 1.01 Schedule 1 of
    the Agreement is hereby amended by deleting clause (ss) in its entirety and replacing it with the following:

   

  (ss)   Origination
      Date. With respect to any Mortgage Loan originated by the Seller, the Origination Date is no earlier than 30 days prior to
    the date the Mortgage Loan is first included as a Purchased Loan under the Repurchase Agreement. With respect to any Mortgage Loan
    originated by a Qualified Originator other than the Seller, the Origination Date is no earlier than 90 days prior to the date the
    Mortgage Loan is first included as a Purchased Loan under the Repurchase Agreement.

   

  SECTION 2.   Effective
        Date. This Amendment shall become effective as of the date (the “Amendment Effective Date”) that the
    Agent shall have received counterparts hereof duly executed by each of the parties hereto.

   

  
  
     

  

  
     

  

  
   

  SECTION 3.  Fees
        and Expenses. Seller agrees to pay to Buyer and Agent all reasonable out-of-pocket costs and expenses incurred by Buyer
    or Agent in connection with this Amendment (including all reasonable fees and out-of-pocket costs and expenses of Buyer’s
    or Agent’s legal counsel) in accordance with Section 14.04 and 14.06 of the Agreement.

   

  SECTION 4.  Representations.
    Seller hereby represents to Buyer and Agent that as of the date hereof, Seller is in full compliance with all of the terms
    and conditions of the Agreement and each other Repurchase Document and no Default or Event of Default has occurred and is continuing
    under the Agreement or any other Repurchase Document.

   

  SECTION 5.   Binding
        Effect; Governing Law. THIS AMENDMENT SHALL BE BINDING AND INURE TO THE BENEFIT OF THE PARTIES HERETO AND THEIR RESPECTIVE
    SUCCESSORS AND PERMITTED ASSIGNS. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE
    OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF (EXCEPT FOR SECTIONS 5-1401 AND 5-1402 OF THE NEW
    YORK GENERAL OBLIGATIONS LAW WHICH SHALL GOVERN).

   

  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. The parties intend that faxed signatures
    and electronically imaged signatures such as .pdf files shall constitute original signatures and are binding on all parties.

   

  SECTION 7.   Limited
        Effect. Except as expressly amended hereby, the Agreement shall continue in full force and effect in accordance with its
    terms. Reference to this Amendment need not be made in the Agreement or any other instrument or document executed in connection
    therewith, or in any certificate, letter or communication issued or made pursuant to, or with respect to, the Agreement, any reference
    in any of such items to the Agreement being sufficient to refer to the Agreement as amended hereby. The parties hereto have entered
    into this Amendment solely to amend the terms of the Agreement and do not intend this Amendment or the transactions contemplated
    hereby to be, and this Amendment and the transactions contemplated hereby shall not be construed to be, a novation of any of the
    obligations owing by Seller or any other party under or in connection with the Agreement or any of the other Transaction Documents.
    It is the intention and agreement of each of the parties hereto that (i) the perfection and priority of all security interests
    securing the payment of the Repurchase Obligations of the parties under the Agreement are preserved, (ii) the liens and security
    interests granted under the Agreement continue in full force and effect, and (iii) any reference to the Agreement in any such Transaction
    Documents shall be deemed to reference to this Amendment.

   

  [Signature Page Follows]

   

  
  
    2

  

  
     

  

  
   

  IN WITNESS WHEREOF, Sellers,
    Buyer and Agent have caused this Amendment to be executed and delivered by their duly authorized officers as of the date set forth
    above.

   

  	 	HOME POINT FINANCIAL CORPORATION,
	 	as Seller
	 	 	 
	 	By:	/s/ Joseph Ruhlin
	 	Name: Joseph Ruhlin
	 	Title: Treasurer
	 	 
	 	MORGAN STANLEY BANK, N.A.,
	 	as Buyer
	 	 	 
	 	By:	/s/ Michael Calandra
	 	Name: Michael Calandra
	 	Title: Authorized Signatory
	 	 
	 	MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC,
	 	as Agent
	 	 	 
	 	By:	/s/ Christopher Schmidt
	 	Name: Christopher Schmidt
	 	Title: Authorized Signatory

   

  [Signature page to Amendment No. 2 to MRA]Exhibit 10.2.3

 

	 	EXECUTION

 

AMENDMENT
NUMBER THREE

to
the

MASTER
REPURCHASE AGREEMENT

Dated
as of June 3, 2020, 

among

HOME
POINT FINANCIAL CORPORATION, 

MORGAN STANLEY BANK. N.A.,

and

MORGAN
STANLEY MORTGAGE CAPITAL HOLDINGS LLC

 

This
AMENDMENT NUMBER THREE (this “Amendment”) is made this twenty-third day of December, 2020 and effective as
of January 5, 2021, among HOME POINT FINANCIAL CORPORATION, a New Jersey corporation, as seller (“Home Point”),
MORGAN STANLEY BANK, N.A., a national banking association, as buyer (“Buyer”) and MORGAN STANLEY MORTGAGE CAPITAL
HOLDINGS LLC, a New York limited liability company, as agent for the Buyer (“Agent”), to the Master Repurchase
Agreement, dated as of June 3, 2020, as amended by that certain Amendment Number One to the Master Repurchase Agreement, dated
as of August 14, 2020, and by that certain Amendment Number Two to the Master Repurchase Agreement, dated as of November 18, 2020
(as amended, modified or supplemented from time to time, the “Agreement”), among Seller, Buyer and Agent, as
such agreement may be further amended from time to time. Capitalized terms used but not otherwise defined herein shall have the
meanings assigned to such terms in the Agreement.

 

RECITALS

 

WHEREAS,
Seller, Buyer and Agent have agreed to amend the Agreement as more specifically set forth herein; and

 

WHEREAS,
as of the date hereof and January 5, 2021, Seller represents to Buyer and Agent that Seller is in full compliance with all of
the terms and conditions of the Agreement and each other Repurchase Document and no Default or Event of Default has occurred and
is continuing under the Agreement or any other Repurchase Document.

 

NOW
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and for the mutual
covenants herein contained, the parties hereto hereby agree as follows:

 

SECTION 1.     Amendment. The Agreement
is hereby amended as follows:

 

Section
1.01       Section 1.01 of the Agreement is hereby amended by deleting the definitions of “Applicable Index,” “Conforming
Changes,” “Determination Date,” “Index Rate,” “Index Transition,” “Index Transition
Date,” “Index Transition Notice,” “Interest Determination,” “Interest Period,” “ISDA,”
“ISDA Definitions,” “ISDA Fallback Adjustment,” “ISDA Fallback Rate,” “Market Practice,”
“Rate Adjustment” and “Replacement Index.”

 

Section
1.02         Section 1.01 of the Agreement is hereby amended by adding the following definitions in their proper alphabetical order:

 

“Available
Tenor” shall mean, as of any date of determination and with respect to the then-current Index, any tenor for such Index
or payment period for interest calculated with reference to such Index, as applicable, that is or may be used for determining
the length of a Calculation Period pursuant to this Repurchase Agreement as of such date.

 

 

 

“Corresponding
Tenor” with respect to any Available Tenor shall mean, as applicable, either a tenor (including overnight) or an interest
payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.

 

“Daily
Simple SOFR” shall mean, for any day, SOFR, with the conventions for this rate (which may include a lookback) being
established by the Buyer (or the Agent on behalf of the Buyer) in accordance with the conventions for this rate selected or recommended
by the Relevant Governmental Body for determining “Daily Simple SOFR” for business loans at such times; provided that,
if the Buyer (or the Agent on behalf of the Buyer) decides that any such convention is not administratively feasible, then the
Buyer (or the Agent on behalf of the Buyer) may establish another convention in its reasonable discretion.

 

“Early
Opt-in Election” shall mean, if the then-current Index is LIBOR Rate, the occurrence of the joint election by the Buyer
(or the Agent on behalf of the Buyer) and the Seller to trigger a fallback from LIBOR Rate.

 

“Floor”
shall mean, for any transaction under this Repurchase Agreement, the Index rate floor (which may be zero), if any, provided for
in this Repurchase Agreement with respect to LIBOR Rate as determined for such transaction.

 

“Index
Replacement” shall mean, for any Available Tenor, the first alternative set forth in the order below that can be determined
by the Buyer (or the Agent on behalf of the Buyer) on the applicable Index Replacement Date:

 

(1)        the sum of: (a) Term SOFR and (b) the Index Replacement Adjustment with respect thereto;

 

(2)        the sum of: (a) either (i) Compounded SOFR or (ii) Daily Simple SOFR, as selected by the Buyer (or the Agent on behalf of the
Buyer) to be the then-prevailing market convention for determining an Index rate as a replacement for the then-current Index for
the applicable loan market and (b) the applicable Index Replacement Adjustment;

 

(3)        the sum of: (a) the alternate rate of interest that has been selected or recommended by the Relevant Governmental Body as the
replacement for the then-current Index for the applicable Corresponding Tenor and (b) the Index Replacement Adjustment; or

 

(4)        the sum of: (a) the alternate rate of interest that has been selected by the Buyer (or the Agent on behalf of the Buyer) as the
replacement for the then-current Index for the applicable Corresponding Tenor giving due consideration to any industry-accepted
rate of interest as a replacement for the then-current Index for U.S. dollar denominated secured financings or securitizations
relating to the relevant asset class, as applicable at such time and (b) the Index Replacement Adjustment;

 

provided
that, in the case of clause (1) of this definition, such Unadjusted Index Replacement is displayed on a screen or other information
service that publishes such rate from time to time as selected by the Buyer (or the Agent on behalf of the Buyer) in its reasonable
discretion.

 

If
at any time the Index Replacement as determined pursuant to clause (1), (2), (3) or (4) of this definition would be less than
the Floor, the Index Replacement will be deemed to be the Floor for the purposes of this Repurchase Agreement.

 

2

 

 

“Index
Replacement Adjustment” shall mean the first alternative set forth in the order below that can be determined by the
Buyer (or the Agent on behalf of the Buyer) as of the Index Replacement Date:

 

(1)         the spread adjustment, or method for calculating or determining such spread adjustment (which may be a positive or negative value
or zero) that has been selected, endorsed or recommended by the Relevant Governmental Body for the applicable Unadjusted Index
Replacement; or

 

(2)         the spread adjustment (which may be a positive or negative value or zero) that has been selected by the Buyer (or the Agent on
behalf of the Buyer) giving due consideration to any industry-accepted spread adjustment, or method for calculating or determining
such spread adjustment, for the replacement of the then-current Index with the applicable Unadjusted Index Replacement for U.S.
dollar denominated secured financing or securitization transactions relating to the relevant asset class, as applicable at such
time.

 

“Index
Replacement Conforming Changes” shall mean, with respect to any Index Replacement, any technical, administrative or
operational changes (including but not limited to changes to the definition of “Business Day,” the definition of “Calculation
Period,” timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment,
conversion or continuation notices, length of lookback periods, the applicability of breakage provisions and other technical,
administrative or operational matters) that the Buyer (or the Agent on behalf of the Buyer) decides may be appropriate to reflect
the adoption and implementation of such Index Replacement and to permit the administration thereof by the Buyer (or the Agent
on behalf of the Buyer) in a manner substantially consistent with market practice (or, if the Buyer (or the Agent on behalf of
the Buyer) decides that adoption of any portion of such market practice is not administratively feasible or if the Buyer (or the
Agent on behalf of the Buyer) determines that no market practice for the administration of such Index Replacement exists, in such
other manner of administration as the Buyer (or the Agent on behalf of the Buyer) determines is reasonably necessary in connection
with the administration of this Repurchase Agreement).

 

“Index
Replacement Date” means the earliest to occur of the following events with respect to the then-current Index:

 

(1)         in the case of clause (1) or (2) of the definition of “Index Transition Event,” the later of (a) the date of the public
statement or publication of information referenced therein and

(b)
the date on which the administrator of such Index (or the published component used in the calculation thereof) permanently or
indefinitely ceases to provide all Available Tenors of such Index (or such component thereof);

 

(2)         in the case of clause (3) of the definition of “Index Transition Event,” the date of the public statement or publication
of information referenced therein; or

 

(3)         in the case of an Early Opt-in Election, the 5th (fifth) Business Day after the date of the joint election by the Buyer (or the
Agent on behalf of the Buyer) and the Seller to trigger a fallback from LIBOR Rate.

 

For
the avoidance of doubt, (i) if the event giving rise to the Index Replacement Date occurs on the same day as, but earlier than,
the Reference Time in respect of any determination, the Index Replacement Date will be deemed to have occurred prior to the Reference
Time for such determination and (ii) the “Index Replacement Date” will be deemed to have occurred in the case of clause
(1) or (2) with respect to any Index upon the occurrence of the applicable event or events set forth therein with respect to all
then-current Available Tenors of such Index (or the published component used in the calculation thereof).

 

3

 

 

 

“Reference
Time” shall mean, with respect to any setting of the then-current Index, (1) if such Index is the LIBOR Rate, 11:00
a.m. (London time) on the day of such setting, and (2) if such Index is not the LIBOR Rate, the time determined by the Buyer (or
the Agent on behalf of the Buyer) in accordance with the Index Replacement Conforming Changes.

 

“Third
Amendment Effective Date” shall mean January 5, 2021.

 

“Unadjusted
Index Replacement” shall mean the applicable Index Replacement excluding the Index Replacement Adjustment with respect
thereto.

 

Section
1.03       Section 1.01 of the Agreement is hereby amended by amending and restating the definition of “Compounded SOFR,”
“Index,” “Index Transition Event,” “Relevant Government Body,” “SOFR,” “Term
SOFR” and “Termination Date” each in their entirety as follows:

 

“Compounded
SOFR” shall mean the compounded average of SOFRs for the applicable Corresponding Tenor, with the rate, or methodology
for this rate, and conventions for this rate (which, for example, may be compounded in arrears with a lookback and/or suspension
period as a mechanism to determine the interest amount payable prior to the end of each Calculation Period or compounded in advance)
being established by the Buyer (or the Agent on behalf of the Buyer) in accordance with:

 

(1)         the rate, or methodology for this rate, and conventions for this rate selected or recommended by the Relevant Governmental Body
for determining Compounded SOFR; provided that:

 

(2)         if, and to the extent that, the Buyer (or the Agent on behalf of the Buyer) determines that Compounded SOFR cannot be determined
in accordance with clause (1) above, then the rate, or methodology for this rate, and conventions for this rate that have been
selected by the Buyer (or the Agent on behalf of the Buyer) giving due consideration to any industry-accepted market practice
for similar U.S. dollar denominated secured financing or securitization transactions relating to the relevant asset class, as
applicable at such time.

 

“Index”
shall mean, initially, LIBOR Rate; provided that, if an Index Transition Event or, as the case may be, an Early Opt-in Election
and the Index Replacement Date with respect thereto have occurred with respect to LIBOR Rate or the then-current Index, then “Index”
means the applicable Index Replacement.

 

“Index
Transition Event” shall mean the occurrence of one or more of the following events with respect to the then-current
Index:

 

(1)         a public statement or publication of information by or on behalf of the administrator of such Index (or the published component
used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of
such Index (or such component thereof), permanently or indefinitely, provided that, at the time of such statement or publication,
there is no successor administrator that will continue to provide any Available Tenor of such Index (or such component thereof);

 

(2)         a public statement or publication of information by the regulatory supervisor for the administrator of such Index (or the published
component used in the calculation thereof),
the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, an insolvency official with jurisdiction
over the administrator for such Index (or such component), a resolution authority with jurisdiction over the administrator for
such Index (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator
for such Index (or such component), which states that the administrator of such Index (or such component) has ceased or will cease
to provide all Available Tenors of such Index (or such component thereof) permanently or indefinitely, provided that, at the time
of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such
Index (or such component thereof); or

 

4

 

 

 

(3)           a public statement or publication of information by the regulatory supervisor for the administrator of such Index (or the published
component used in the calculation thereof) announcing that all Available Tenors of such Index (or such component thereof) are
no longer representative.

 

For
the avoidance of doubt, an “Index Transition Event” will be deemed to have occurred with respect to any Index if a
public statement or publication of information set forth above has occurred with respect to each then-current Available Tenor
of such Index (or the published component used in the calculation thereof).

 

“Relevant
Governmental Body” shall mean the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New
York, or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve
Bank of New York, or any successor thereto.

 

“SOFR”
shall mean, with respect to any day, the secured overnight financing rate published for such day by the Federal Reserve Bank of
New York, as the administrator of the Index (or a successor administrator) on the Federal Reserve Bank of New York’s website.

 

“Term
SOFR” shall mean, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term
rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

 

“Termination
Date” shall mean the earliest of (i) January 4, 2022, or (ii) such earlier date on which this Repurchase Agreement shall
terminate in accordance with the provisions hereof or by operation of law.

 

Section
1.04         Section 2.06 of the Agreement is hereby amended and restated in its entirety as follows:

 

2.06
Conversion of Applicable Interest Rates.

 

(a)           Index Replacement. Notwithstanding anything to the contrary herein or in any other Repurchase Document, if:

 

(i)        (A) an Index Transition Event or, as the case may be, an Early Opt-in Election and (B) an Index Replacement Date with respect
thereto have occurred prior to the Reference Time in connection with any setting of the then-current Index, then such Index Replacement
will replace the then-current Index for all purposes under this Repurchase Agreement and under any other Repurchase Document in
respect of such Index setting and subsequent Index settings without requiring any amendment to, or requiring
any further action by or consent of any other party to, this Repurchase Agreement or any other Repurchase Document, or

 

5

 

 

 

(ii)           (A) an Index Transition Event or, as the case may be, an Early Opt-in Election and the Index Replacement Date with respect thereto
has already occurred prior to the Reference Time for any setting of the then-current Index and as a result the then- current Index
is being determined in accordance with clauses (2), (3) or (4) of the definition of “Index Replacement”; and

 

(B)
the Buyer (or the Agent on behalf of Buyer) subsequently determines, that (w) Term SOFR and an Index Replacement Adjustment with
respect thereto is or has becomes available and the Index Replacement Date with respect thereto has occurred, (x) there is currently
a market for U.S. dollar- denominated transactions utilizing Term SOFR as an Index and for determining the Index Replacement Adjustment
with respect thereto, (y) Term SOFR is being recommended as the Index for U.S. dollar-denominated syndicated credit facilities
by the Relevant Governmental Body and (z) in any event, Term SOFR, the Index Replacement Adjustment with respect thereto and the
application thereof is administratively feasible for the Buyer (or the Agent on behalf of Buyer) (as determined by the Buyer (or
the Agent on behalf of Buyer)), then clause (1) of the definition of “Index Replacement” shall, without requiring
any amendment to, or requiring any further action by or consent of any other party to, this Repurchase Agreement or any other
Repurchase Document, replace such then-current Index for all purposes hereunder and under any other Repurchase Document in respect
of such Index setting and subsequent Index settings on and from the beginning of the next Calculation Period or, as the case may
be, Available Tenor so long as the Buyer (or the Agent on behalf of the Buyer) notifies all the parties hereto prior to the commencement
of such next Calculation Period or, as the case may be, Available Tenor.

 

(b)          Index Replacement Conforming Changes. In connection with the implementation of an Index Replacement, the Buyer (or the
Agent on behalf of the Buyer) will have the right to make Index Replacement Conforming Changes from time to time and, notwithstanding
anything to the contrary herein or in any other Repurchase Document, any amendments implementing such Index Replacement Conforming
Changes will become effective without requiring any further action by or consent of any other party to this Repurchase Agreement
or any other Repurchase Document.

 

(c)          Notices; Standards for Decisions and Determinations. The Buyer (or the Agent on behalf of the Buyer) will promptly notify
all the parties hereto of (i) any occurrence of (A) an Index Transition Event or, as the case may be, an Early Opt-in Election
and (B) the Index Replacement Date with respect thereto, (ii) the implementation of any Index Replacement, and (iii) the effectiveness
of any Index Replacement Conforming Changes.

 

Any
determination, decision or election that may be made by the Buyer (or the Agent on behalf of the Buyer) pursuant to this Section
2.06, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an
event, circumstance or date and any decision to take or refrain from taking any action or any selection, shall also be made by
the Buyer (or the Agent on behalf of the Buyer) with respect to other repurchase facilities with similarly situated counterparties
and with substantially similar assets subject thereto and shall be conclusive and binding absent manifest error and may be made
in the Buyer’s (or the Agent’s on behalf of the Buyer) sole discretion and without consent from any other party to
this Repurchase Agreement or any other Repurchase Document.

 

6

 

 

 

Section
1.05        Section 3.03 is hereby deleted in its entirety and replaced as follows:

 

The
Seller agrees to pay the Commitment Fee to the Buyer, such payment to be made in Dollars in immediately available funds, without
deduction, set off or counterclaim, to Buyer as provided in the Pricing Side Letter. The Seller also hereby agrees to pay to the
Buyer any other fees provided in the Pricing Side Letter as specified therein. Each of such fees shall be deemed to be fully earned
and non- refundable when paid; provided, that notwithstanding the foregoing or anything else to the contrary here, to the extent
that the Buyer elects not to enter into any Transaction in respect of the Committed Amount solely due to the occurrence of one
of the events described in Section 5.02(k), Section 5.02(p) or Section 8(p) the Buyer shall promptly refund to the Seller a pro-rated
portion of the Committed Amount for the period from the date of such election through the Termination Date. Notwithstanding anything
to the contrary in this Section 3.03, any portion of the Commitment Fee that was paid prior to the Third Amendment Effective Date,
but not yet recognized as of the Third Amendment Effective Date (the “Applicable Commitment Fee”), will be deemed
to be credited to the account of Sellers and such amount shall then be immediately applied by Buyer in payment of such Applicable
Commitment Fee on the Third Amendment Effective Date. Such payment shall not be made available in cash but shall be effected by
way of book-entry by Buyer in full and final payment of such Applicable Commitment Fee. Once deemed to be credited pursuant to
this paragraph, the parties hereto agree that such Applicable Commitment Fee shall have been fully earned as of the Third Amendment
Effective Date.

 

Section
1.06        Section 7.17 of the Agreement is hereby amended by (i) deleting the text “fifth Business Day” and (ii) replacing
such text with “tenth (10th) calendar day”.

 

SECTION
2.     Effective Date. This Amendment shall become effective as of the date (the “Amendment Effective Date”)
that the Agent shall have received counterparts hereof duly executed by each of the parties hereto.

 

SECTION
3.    Fees and Expenses. Seller agrees to pay to Buyer and Agent all reasonable out-of-pocket costs and expenses incurred
by Buyer or Agent in connection with this Amendment (including all reasonable fees and out-of-pocket costs and expenses of Buyer’s
or Agent’s legal counsel) in accordance with Section 14.04 and 14.06 of the Agreement.

 

SECTION
4.     Representations. Seller hereby represents to Buyer and Agent that as of the date hereof and January 5, 2021, Seller
is in full compliance with all of the terms and conditions of the Agreement and each other Repurchase Document and no Default
or Event of Default has occurred and is continuing under the Agreement or any other Repurchase Document.

 

SECTION
5.    Binding Effect; Governing Law. THIS AMENDMENT SHALL BE BINDING AND INURE TO THE BENEFIT OF THE PARTIES HERETO AND
THEIR RESPECTIVE SUCCESSORS AND PERMITTED ASSIGNS. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY, THE
LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF (EXCEPT FOR SECTIONS 5-1401 AND
5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW WHICH SHALL GOVERN).

 

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. The parties intend
that faxed signatures and electronically imaged signatures such as .pdf files shall constitute original signatures and are binding
on all parties.

 

7

 

 

 

SECTION
7.     Limited Effect. Except as expressly amended hereby, the Agreement shall continue in full
force and effect in accordance with its terms. Reference to this Amendment need not be made in the Agreement or any other
instrument or document executed in connection therewith, or in any certificate, letter or communication issued or made
pursuant to, or with respect to, the Agreement, any reference in any of such items to the Agreement being sufficient to refer
to the Agreement as amended hereby. The parties hereto have entered into this Amendment solely to amend the terms of the
Agreement and do not intend this Amendment or the transactions contemplated hereby to be, and this Amendment and the
transactions contemplated hereby shall not be construed to be, a novation of any of the obligations owing by Seller or any
other party under or in connection with the Agreement or any of the other Transaction Documents. It is the intention and
agreement of each of the parties hereto that (i) the perfection and priority of all security interests securing the payment
of the Repurchase Obligations of the parties under the Agreement are preserved, (ii) the liens and security interests granted
under the Agreement continue in full force and effect, and (iii) any reference to the Agreement in any such Transaction
Documents shall be deemed to reference to this Amendment.

 

[Signature
Page Follows]

 

8

 

 

IN
WITNESS WHEREOF, Sellers, Buyer and Agent have caused this Amendment to be executed and delivered by their duly authorized officers
as of the date set forth above.

 

	 	HOME POINT FINANCIAL CORPORATION,

    as Seller
	 	 	 
	 	By: 	/s/
    Joseph Ruhlin 
	 	Name: Joseph Ruhlin
	 	Title: Senior Managing Director
    - Treasurer
	 	 	 
	 	MORGAN STANLEY BANK, N.A.,

    as Buyer
	 	 	 
	 	By:	 
	 	Name:
	 	Title:
	 	 	 
	 	MORGAN STANLEY MORTGAGE CAPITAL
    HOLDINGS LLC,

    as Agent
	 	 	 
	 	By:	 
	 	Name:
	 	Title:

 

[Signature
page to Amendment No. 3 to MRA] 

 

 

 

IN
WITNESS WHEREOF, Sellers, Buyer and Agent have caused this Amendment to be executed and delivered by their duly authorized officers
as of the date set forth above.

 

	 	HOME POINT FINANCIAL CORPORATION,

    as Seller
	 	 	 
	 	By:	 
	 	Name:
	 	Title:
	 	 	 
	 	MORGAN STANLEY BANK, N.A.,

    as Buyer
	 	 	 
	 	By: 	/s/ Christopher
    Schmidt 
	 	Name: Christopher Schmidt
	 	Title:  Authorized Signatory
	 	 	 
	 	MORGAN STANLEY MORTGAGE CAPITAL
    HOLDINGS LLC,

    as Agent
	 	 	 
	 	By: 	/s/ Michael
    Calandra 
	 	Name: Michael
                    Calandra

	 	Title:  Authorized
                    Signatory

 

[Signature
page to Amendment No. 3 to MRA]

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