Document:

Q2 2001 Exhibit 10.8

Exhibit 10.8

TRI-PARTY ENHANCED AOT AGREEMENT

This Agreement is made by and among E-Loan, Inc., [*]
("Originator"), Wells Fargo Home Mortgage, Inc., [*] ("Direct Seller"), and the
Federal Home Loan Mortgage Corporation, ("Freddie Mac") this 22nd day of May,
2001 (the "Agreement").

RECITALS
(A)Originator and Freddie Mac desire to enter
into a special Master Commitment (the "Originator MC") which contains certain
terms and conditions pursuant to which Originator may originate Mortgages
eligible for purchase by Freddie Mac ("Originator Mortgages");

(B)Originator and Direct Seller desire to enter into the
Wells Fargo Funding Loan Purchase Agreement pursuant to which Direct Seller will
purchase the Originator Mortgages from Originator and sell such Mortgages to
Freddie Mac;

(C)Direct Seller and Freddie Mac desire to enter into a
special Master Commitment (the "Direct Seller MC") which contains certain terms
and conditions pursuant to which Direct Seller shall sell the Originator
Mortgages to Freddie Mac;

(D)Originator desires to assign certain of its rights
under the Originator MC to Direct Seller so that Direct Seller may incorporate
the Required Spreads and other terms as necessary, into the Direct Seller MC and
use the combined terms and conditions from both the Originator MC and the Direct
Seller MC to sell the Originator Mortgages to Freddie Mac; and

(E)Originator, Direct Seller and Freddie Mac are all
willing to participate in Freddie Mac's Enhanced AOT offering subject to the
terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the premises, mutual
promises and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged by the parties hereto, the parties agree as
follows:

	The Recitals are true and correct. 

	Originator hereby assigns certain of its rights under the
Originator MC to Direct Seller so that Direct Seller may incorporate the
Required Spreads (and other terms as necessary) from the Originator MC into the
Direct Seller MC and sell the Originator Mortgages to Freddie Mac under the
Direct Seller MC and Direct Seller's Seller/Servicer number. Notwithstanding the
immediately preceding sentence, Originator expressly reserves the right to agree
to amendments to Originator's Purchase Documents, from time to time. Originator
and Direct Seller also agree that this Agreement shall be incorporated into and
become part of the Originator MC, or related Originator's Master Agreement, and
Direct Seller's MC.

	Direct Seller hereby accepts such assignment from
Originator and agrees that Direct Seller shall sell all Originator Mortgages it
purchases from Originator to Freddie Mac under the Direct Seller MC, as
supplemented by the Required Spreads (and other terms as necessary) incorporated
from the Originator MC;

	Direct Seller acknowledges and agrees that Originator has
reserved the right to agree to amendments to Originator's Purchase Documents,
from time to time.

	Freddie Mac hereby gives its consent to the assignment by
Originator to Direct Seller; provided that, (i) Originator and Direct
Seller comply with all of the requirements of this Agreement and the applicable
Purchase Documents, and (ii) Originator and Direct Seller acknowledge and
agree that Freddie Mac reserves the right to revoke its consent to the
assignment at any time and in its sole discretion.

	Originator and Direct Seller agree that Originator shall
notify Direct Seller of any amendment to Originator's Purchase Documents prior
to its execution of any amendment to Originator's Purchase Documents. Direct
Seller acknowledges and agrees that, (i) Freddie Mac has no duty or
obligation to notify Direct Seller of any amendment to Originator's Purchase
Documents, (ii) Originator shall be Direct Seller's agent for purposes of
receiving notice of any such amendment to Originator's Purchase Documents,
(iii) Direct Seller shall be deemed to have notice of and be bound by any
amendment to the Originator's Purchase Documents, and (iv) all Originator
Mortgages delivered and sold by Direct Seller on or after the effective date of
any such amendment shall comply with the Originator's Purchase Documents, as
amended. With respect to any such amendment to the Originator's Purchase
Documents, Originator represents and warrants that it has notified and, if
required under the Wells Fargo Funding Loan Purchase Agreement, received
approval of the terms and conditions of the amendment from Direct
Seller.

	Without changing the Originator's duty to notify Direct
Seller as set forth in the immediately preceding paragraph 6, Originator
agrees that Freddie Mac may, as a courtesy to Direct Seller, but not as a duty
or obligation, electronically transmit via the internet to Direct Seller's email
address set forth below an unsigned copy of any such amendment to the Special
Master Commitment(s) or Originator's other Purchase Documents. Freddie Mac shall
not be responsible for the failure of any telecommunications company or cable
company to properly, accurately and promptly transmit any such email.

	Direct Seller represents, warrants and covenants that
(i) as of the Delivery Date and through and including the Settlement Date,
Direct Seller shall be the sole owner of the Originator Mortgages delivered to
Freddie Mac and (ii) all such Mortgages are free and clear of any and all
security interests, claims and encumbrances of any other party including, but
not limited to, the Originator.

	Direct Seller agrees that it shall, (i) as of the
Settlement Date, convey and transfer to Freddie Mac all of Direct Seller's
right, title and interest in the Originator Mortgages delivered to Freddie Mac,
and (ii) on and after the Settlement Date, service the Originator
Mortgages.

	Originator acknowledges and agrees that Originator has
received from Direct Seller the reasonably equivalent value of and the fair
consideration for the Originator Mortgages and Originator has no right, title or
interest in the Originator Mortgages or the servicing rights to such
Mortgages.

	Originator represents and warrants to Direct Seller and
their successor and/or assign that all Originator Mortgages comply with all of
Freddie Mac's requirements in Originator's Purchase Documents including, but not
limited to, requirements regarding loan documentation, legal enforceability,
first lien priority status, the Borrower's income and credit qualifications, the
Borrower's source and amount of downpayment, the value and acceptability of the
collateral and overall Mortgage eligibility. Originator represents and warrants
to Direct Seller that, with respect to each mortgage sold to Direct Seller under
the Wells Fargo Funding Loan Purchase Agreement, the Originator has provided
Direct Seller with all data, information and detail necessary to process the
delivery of the mortgage to Freddie Mac. Such data, information and detail shall
include, but not be limited to, those items described in Chapter 17 of the
Freddie Mac Single-Family Seller/Servicer Guide.

	Originator and Direct Seller acknowledge and agree that
Freddie Mac's purchase of the Originator Mortgages from Direct Seller shall be
in complete mliance upon Originator's representations and warranties in the
immediately preceding paragraph 11. Originator agrees that Freddie Mac, as
the assignee of Direct Seller, shall have the right to pursue its remedies under
Originator's Purchase Documents directly against Originator. Furthermore,
Originator agrees that Freddie Mac (i) is the intended beneficiary of
Originator's representations and warranties under the Originator's Purchase
Documents and this Agreement and (ii) shall not be required to first pursue
any remedies for misrepresentation or breach of warranty against Direct Seller
before pursuing its rights and remedies against Originator. Originator also
agrees that Freddie Mac's rights as an intended beneficiary of Originator's
representations and warranties shall vest on the Settlement Date.

	In the event Freddie Mac determines that any
representation by Originator is untrue or that any of Originator's warranties
have been breached, Freddie Mac will pursue its remedies under the Purchase
Documents directly against Originator. Originator and Freddie Mac acknowledge
and agree that Freddie Mac will not hold Direct Seller responsible for any
misrepresentation or breach of warranty by Originator with respect to any
Originator Mortgage regarding loan documentation, legal enforceability, first
lien priority status, the Borrower's income and credit qualifications, the
Borrower's source and amount of downpayment, the value and acceptability of the
collateral or overall Mortgage eligibility. To accommodate Freddie Mac quality
control reviews, Originator agrees to retain copies of the origination file of
each Originator Mortgage for a period of 12 months after the Originator
Mortgage's origination date, or the amount of time required by law or
regulation, whichever is greater.

	Originator, Direct Seller and Freddie Mac agree that as
of the Settlement Date:

(i)Originator shall be solely responsible for all
representations, warranties, covenants and requirements under the Originator's
Purchase Documents with respect to loan documentation, legal enforceability,
first lien priority status, the Borrower's income and credit qualifications, the
Borrower's source and amount of downpayment, the value and acceptability of the
collateral and the overall eligibility of each Originator Mortgage.
Notwithstanding any provision of the Originator Purchase Documents to the
contrary, Originator shall remain solely responsible for all such
representations-,warranties, covenants and requirements until Freddie Mac
specifically and expressly releases Originator in writing;

(ii)Direct Seller shall be fully responsible for, (A) all
representations, warranties, covenants and requirements regarding the delivery
of Mortgage loan documents and loan data, Note endorsements, and mortgage file
contents under the Direct Seller's Purchase Documents and (B) the
representations, warranties and covenants made hereunder; and

(iii)Direct Seller shall be fully responsible for,
(A) all servicing representations, warranties, covenants and requirements
under the Direct Seller's Purchase Documents and (B) the representations,
warranties and covenants made hereunder.

	In the event of a transfer of servicing of any Originator
Mortgages, (i) Originator shall continue to be fully and solely responsible
for all representations, warranties, covenants and requirements under the
Originator's Purchase Documents with respect to the loan documentation, legal
enforceability, first lim priority status, the Borrower's income and credit
qualifications, the Borrower's source and amount of downpayment, the value and
acceptability of the collateral and the overall eligibility of each Originator
Mortgage until Freddie Mac specifically and expressly releases Originator in
writing, notwithstanding any provision of the Guide, Form 960, Form 981 or other
Originator Purchase Documents to the contrary; and (ii) the servicing
transferor shall be released from the servicing representations, warranties,
covenants and requirements in accordance with Freddie Mac's Guide
requirements.

	Notwithstanding anything contained in this Agreement or
the Originator Purchase Documents to the contrary, the Servicer of the
Originator Mortgages will always be solely responsible for providing Freddie
Mac's Quality Control Department with mortgage loan files in accordance with the
Guide requirements.

	The parties hereto agree that capitalized terms used in
this Agreement and not otherwise defined herein shall have the meanings ascribed
to them in the Freddie Mac Single-Family Seller/Servicer Guide, as amended and
supplemented by Freddie Mac Sellers' and Servicers' Bulletins published prior to
the date of the Master Agreement. References to chapters or sections of the
Guide shall be deemed to be references to such chapters or sections as Enhanced
by Freddie Mac Sellers' and Servicers' Bulletins.

	In the event that (i) Originator and Direct Seller
fail to comply with the provisions of this Attachment, or (ii) there is a
breach of warranty or a representation made under this Agreement or other
applicable Purchase Documents is determined to be untrue, Freddie Mac may, at
its option and in its sole discretion, exercise any of its remedies at law or
under the applicable Purchase Documents, including, but not limited to, the
right to terminate a parties Master Agreement and any Master Commitments issued
thereunder upon written notice to the affected party.

	This Agreement will terminate upon the earlier of
(i) 90 days from written notice to the parties by Freddie Mac, or
(ii) the termination dates contained in the Originator's Master Agreement
incorporating this Agreement.

	Notices shall be sent, faxed or electronically
transmitted as follows:

	
(a)To Originator:

	
Mr. Steve Majerus 

	
Vice President 

	
E-Loan, Inc. 

	
5875 Arnold Road Dublin, CA 94568

	
(b)To Direct Seller:

	
Ms. Mary Blue 

	
Senior Vice President 

	
Wells Fargo Home Mortgage, Inc. 

	
100 South 5th Street Minneapolis, MN 55402

	
(c)To Freddie Mac:

	
Mr. Brian Swan 

	
Director of Customer Services 

	
Freddie Mac 

	
333 West Wacker, Suite 2500 

	
Chicago, IL 60606

	Originator and Direct Seller agree that the terms of this
Agreement are hereby deemed to be "confidential information" as described in
Section 2.16 of the Guide and further agree to comply with the confidentiality
requirements set forth therein. 

	Originator and Direct Seller hereby indemnify and hold
Freddie Mac harmless from and against any damages, liabilities, judgments,
claims, counterclaims or defenses to which Freddie Mac may become subject, which
arise out of or occur in connection this Agreement.

IN WITNESS WHEREOF, Originator, Direct Seller and Freddie Mac have caused
this Agreement to be executed by their duly authorized representatives as of the
date first set forth above.

FEDERAL HOME LOAN MORTGAGE CORPORATION

	
By:/s/ Brian L. Swan

	
Brian L. Swan

	
Director of Customer Services

	
 

	
E-LOANS, INC.

	
 

	
By: /s/ Steven M. Majerus

	
Type Name:V.P. Secondary Marketing

	
Title:V.P. Secondary Marketing

	
Date:5/23/01

	
 

	
 

	
WELLS FARGO HOME MORTGAGE, INC.

	
 

	
By: /s/ Mary Blue

	
Type Name:Mary Blue

	
Title:Senior Vice President

	
Date:June 15, 2001Q2 2001 Exhibit 10.9

Exhibit 10.9

ORIGINATOR MASTER COMMITMENT

FOR ENHANCED FOR OFFERING

MASTER COMMITMENT NUMBER [*]

E-Loan, Inc. 

Dated: June 11, 2001
MASTER COMMITMENT [*]

SECTION I.GENERAL TERMS

SECTION II.SPECIAL MORTGAGE PROVISIONS

SECTION IIIADDITIONAL SPECIAL PROVISIONS FOR THIS

MASTER COMMITMENT

SECTION IV.CONCLUDING PROVISIONS

SECTION V.SIGNATURE AND RETURN

 

ORIGINATOR MASTER COMMITMENT

FOR ENHANCED AOT

MASTER COMMITMENT [*]

E-Loan, Inc. Seller/Servicer [*]

This is a Master Commitment ("Master Commitment") [*], dated
June 11, 2001, by and between the Federal Home Loan Mortgage Corporation
("Freddie Mac") and E-Loan, Inc. ("Originator"),
Seller/Servicer [*]. This Master Commitment establishes the terms and
conditions under which Mortgages originated by Originator will be eligible for
purchase by Freddie Mac from Wells Fargo Home Mortgage, Inc. ("Direct
Seller") under the Enhanced AOT Offering. The sale and servicing of
Mortgages under this Master Commitment shall be governed by the terms and
requirements of the applicable Purchase Documents, as that term is defined in
the Freddie Mac Sellers' and Servicers' Guide (the "Guide").

The provisions of Master Agreement [*] shall apply to and be
incorporated into this Master Commitment.

	General Terms

	Enhanced AOT Offering. The Tri-Party
Enhanced AOT Agreement, in the form attached hereto as Exhibit A, has been
entered into by Originator, Direct Seller (as defined in the Enhanced AOT
Agreement) and Freddie Mac and dated May 22, 2001 and is incorporated
herein and made a part hereto.

Originator has entered into this Master Commitment to originate
Mortgages eligible for purchase by Freddie Mac. Under the Enhanced AOT Offering,
Originator will sell such Mortgages ("Originator Mortgages") to Direct
Seller with servicing released at a price to be negotiated between Originator
and Direct Seller. Direct Seller will sell such Mortgages to Freddie Mac under a
Master Commitment negotiated between Direct Seller and Freddie Mac ("Direct
Seller AOT MC"). Under the Direct Seller AOT MC, Direct Seller will sell the
Mortgages to Freddie Mac using the Required Spread negotiated between Freddie
Mac and Originator and stated below.

	Defined Terms. All capitalized terms not
otherwise defined herein have the meanings set forth in the Guide unless clearly
indicated otherwise. This Master Commitment and all supplements and amendments
shall be considered Purchase Documents.

	Eligible Mortgage Products. Originator may originate for sale by
Direct Seller to Freddie Mac through this Enhanced AOT Offering, the following
mortgage products (the "Mortgages"):

15-year fixed rate Mortgages

20-year fixed rate Mortgages

30-year fixes rate Mortgages

	Master Commitment Amount. The dollar amount of
this Master Commitment shall be [*] ("Master Commitment Amount").

	Delivery. Mortgages shall not be delivered by Originator to Freddie
Mac under this Master Commitment. In order for Mortgages to be delivered to
Freddie Mac, Originator must sell the Mortgages to Direct Seller for delivery
under the Direct Seller MC. Mortgages originated by Originator and delivered
under the Direct Seller MC will be applied toward the Master Commitment
Amount.

	Minimum Servicing Spread. The Minimum Servicing Spread for Mortgages
sold pursuant to the terms of this Master Commitment shall be 25.0 basis points
(.250 percent).

	Required Delivery Date. The sale of Mortgages to Freddie Mac through
Direct Seller under the terms of this Master Commitment is mandatory and all
deliveries shall be made by August 31, 2001.

	Purchase Tolerance/Pair-off. Purchase by Freddie Mac of at least [*]
percent of the Master Commitment Amount, will constitute fulfillment by Seller
of the purchase requirements under this Master Commitment. In addition, Freddie
Mac shall purchase Mortgages otherwise eligible for purchase with an aggregate
unpaid principal balance not to exceed 100 percent of the Master Commitment
Amount. Such purchase tolerances shall apply notwithstanding the purchase
tolerances set forth in Section 11.5 of the Guide.

	Required Spreads. The Required Spreads for Mortgages sold by Direct
Seller to Freddie Mac under the Guarantor Program or Multilender Program
are:

15-year fixed rate Mortgages[*] basis points

([*] percent)

20-year fixed rate Mortgages[*] basis points

([*] percent)

30-year fixed rate Mortgages[*] basis points

([*] percent)

These Required Spreads reflect Seller's participation in Freddie Mac's Gold
Remittance Cycle.

Originator agrees to provide Direct Seller with the Required Spreads stated
above when selling Mortgages to Direct Seller for delivery to Freddie Mac under
the Enhanced AOT Offering.

	Special Mortgage Provisions

	Accuracy of Information. Originator
represents and warrants that all loan and servicing data provided to Direct
Seller relating to the Mortgages purchased by Freddie Mac pursuant to the
Enhanced AOT Offering is true, correct and complete in all respects.

	Retention of Mortgage Files. Originator represents and warrants that
it shall retain a copy of the origination Mortgage file for 12 months or
whatever timeframe required by applicable law or regulation, whichever is
greater.

	Validation of Information. On a periodic basis, Freddie Mac will
provide reports describing the Mortgages that have been sold to Freddie Mac by
the Direct Seller that were originated under this Enhanced AOT Offering.
Originator should review that report and notify Freddie Mac within 30 of receipt
of any errors or discrepancies on the report.

If Originator does not notify Freddie Mac of any errors or
discrepancies, Freddie Mac will deem such Mortgages to be Originator Mortgages
under the Tri-Party Enhanced AOT Agreement.

	Additional Special Provisions for this Master
Commitment

[Reserved for any special instructions the Originator needs to
provide Seller or any additional terms]

	Concluding Provisions

The terms, provisions, and any waiver(s) of Guide requirements
set forth in this Master Commitment are expressly conditional upon compliance by
Originator with the warranties and representations under this Master Commitment,
the Guide and the Purchase Documents. In the event of a breach by Originator of
any such warranty or representation, Freddie Mac may immediately revoke this
Master Commitment in whole or in part for future deliveries.

[Signatures on next page]

	Signature and Return

In order to accept and confirm this Master Commitment,
duplicate originals of this Master Commitment must be executed by Originator and
one executed original returned by July 2, 2001, to:
Freddie Mac

Attn: Ruth Kuizon, Contract Specialist

21700 Oxnard Street, Suite 1900

Woodland Hills, CA 91367

IN WITNESS WHEREOF, the duly authorized officers of Originator and Freddie
Mac have executed this Master Commitment as of the date first written above.

	
FEDERAL HOME LOAN MORTGAGE CORPORATION

	
 

By:/s/ Lori Vella

	
Name:Lori Vella

	
Title:Vice President, Sales

	
 

E-LOAN, INC

	
 

By:/s/ Steven M. Majerus

	
Name:Steven M. Majerus

	
Title:V.P. Secondary Marketing

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}]]