Document:

EX-10.46.2

 Exhibit 10.46.2 

 

			
	

	 	  

 Reference is made to (i) that certain master repurchase agreement dated as of February 27, 2013
(the “MRA”), between The Royal Bank of Scotland PLC, as buyer (“Buyer”) and Reverse Mortgage Solutions, Inc., as seller (“Seller”) and (ii) that certain pricing side letter dated as of February 27, 2013 (the
“Pricing Letter”), between the Buyer and the Seller. Capitalized terms used herein but not defined herein shall have the meaning ascribed to such terms in the MRA or the Pricing Letter, as applicable. 

The Seller hereby requests that the Buyer waive, and the Buyer does hereby waive (i) from and after November 1, 2012 through
and including March 8, 2013, compliance by the Seller with the following financial covenants: 
  

	 	•	 	 Section 13(mm)(ii) of the MRA (Maintenance of Adjustable Tangible Net Worth) 

 

	 	•	 	 Section 13(mm)(iii) of the MRA (Maintenance of Leverage) 

The Seller hereby also requests that Buyer waive, and the Buyer hereby does waive, from and after November 1, 2012 through and
including March 31, 2013, compliance by the Seller with the following financial covenants: 
  

	 	•	 	 Section 13(mm)(iv) of the MRA (Minimum Net Income) 

 

			
	Sincerely,
	
	Reverse Mortgage Solutions, Inc.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	Acknowledged and Agreed:
	
	The Royal Bank of Scotland plc
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

					
		 	 Reverse Mortgage Solutions, Inc.

2727 Spring Creek Drive—Spring, TX 77373
 NMLS ID #1077636EX-10.48

 Exhibit 10.48 
 FIRST AMENDMENT TO ADDENDUM TO MORTGAGE SELLING AND 
 SERVICING CONTRACT
(EAF Agreement) 
 This First Amendment (the “First Amendment”) to that Addendum To Mortgage Selling and Servicing
Contract dated effective as of July 1, 2012 (the “EAF Agreement”) by and between FANNIE MAE, a corporation organized and existing under the laws of the United States (“Fannie Mae”) and Green Tree Servicing LLC, a limited
liability company organized and existing under the laws of the State of Delaware (“Servicer”), is hereby mutually agreed upon and entered into effective January 3, 2013. 

WITNESSETH: 
 WHEREAS, Fannie Mae and Servicer desire to include as Eligible Advances under the EAF Agreement certain advances applicable to those mortgage serving rights relating to Fannie Mae loans to be
acquired by Servicer from a) Bank of America, National Association on or about January 31, 2013, b) GMAC Mortgage, LLC on or about January 31, 2013, and c) Flagstar Capital Markets Corporation on or about January 1, 2013. 

NOW, THEREFORE, in consideration of the mutual premises, covenants and conditions and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, and upon terms and subject to the conditions set forth herein, the Fannie Mae and Servicer agree as follows: 
 Section 1. Defined Terms. Unless otherwise defined herein, capitalized terms which are defined in the EAF Agreement, as amended hereby, are used herein as therein defined. 

Section 2. Early Reimbursement Amount Limit. The Section of the EAF Agreement titled “Early Reimbursement Amount
Limit” shall be amended and restated to provide as follows: 
 Fannie Mae’s obligation to make payment of Periodic
Early Reimbursement Amounts will not exceed a maximum Aggregate Early Reimbursement Amount of One Hundred Fifty Million ($150,000,000) dollars or such other amount as increased in accordance with the following sentence. The Aggregate Early
Reimbursement Amount shall be increased to accommodate a) the Eligible Advances applicable to the Mortgage Loans the mortgage servicing rights to which Servicer acquires from Bank of America, National Association on or about January 31, 2013,
b) the BANA Legacy Servicing Advances (as defined herein), c) the Eligible Advances applicable to the Mortgage Loans the mortgage servicing rights to which Servicer acquires from GMAC Mortgage, LLC on or about January 31, 2013, and d) the GMACM
Legacy Servicing Advances (as defined herein). Such increases in the Aggregate Early Reimbursement Amount shall be memorialized in a written agreement executed by Fannie Mae and the Servicer, and the effective date of the increases applicable to
each of the portfolios acquired from Bank of America, National Association and GMAC Mortgage, LLC, respectively, shall be the first applicable transfer date for each portfolio, or such date as may otherwise be agreed to by the parties. 

 Section 3. Eligible Advances For Early Reimbursement. The Section
of the EAF Agreement titled “Eligible Advances For Early Reimbursement” shall be supplemented to additionally provide as follows: 
 Eligible Advances shall also include any outstanding servicing advances paid or reimbursed by Servicer to: 
 a) Bank of America, National Association on or after the applicable transfer date in connection with a mortgage servicing rights sale to Servicer on or about January 31, 2013 (each such advance shall
be deemed a “BANA Legacy Servicing Advance,” 
 b) GMAC Mortgage, LLC on or after the transfer date in connection with
a mortgage servicing rights sale to Servicer on or about January 31, 2013 (each such advance shall be deemed a “GMACM Legacy Servicing Advance,” and 
 c) Flagstar Capital Markets Corporation in connection with a mortgage servicing rights sale to Servicer on or about January 1, 2013 (each such advance shall be deemed a “Flagstar Legacy
Servicing Advance”). 
 Section 4. Early Reimbursement Rate. The Section of the EAF Agreement
titled “Early Reimbursement Rate” shall be supplemented to additionally provide as follows: 
 Notwithstanding the
foregoing, BANA Legacy Servicing Advances, GMACM Legacy Servicing Advances and Flagstar Legacy Servicing Advances shall have the following Early Reimbursement Rates: 
 P&I Delinquency Advance: 100% 
 T&I Escrow Advances: 80% 

Corporate Servicing Advances: 80% 
 Section 5. Compensation Rate. The Section of the EAF Agreement titled “Compensation Rate” shall be amended and restated to provide as follows: 

[            ] basis points over One-Month LIBOR. LIBOR
will be set as of the last business day of the second month preceding the month in which the Settlement Date occurs. (For example, if the Settlement Date is August 3rd, LIBOR will be as of the last business day in June.)
Notwithstanding the foregoing, the Compensation Rate shall be [            ] basis points over One-Month LIBOR on Eligible Advances related to those mortgage servicing rights acquired by
Servicer from a) Bank of America, National Association on or about January 31, 2013 (including BANA Legacy Servicing Advances), and b) GMAC Mortgage, LLC on or about January 31, 2013 (including GMACM Legacy Servicing Advances).

 Section 6. Facility Amendment Fee.
[            ] per annum of the amount the Early Reimbursement Amount Limit is increased as provided in Section 2 of this First Amendment shall be payable as an Amendment Fee on the
first business day following the effective date of the increase and pro rated from such effective date to the scheduled end of the Early Reimbursement Period. 

 Section 7. Due Diligence. Notwithstanding the annual cap contained in the
“Due Diligence” section of the EAF Agreement, Servicer shall be responsible for all reasonable out-of-pocket costs and expenses of Fannie Mae, including without limitation third party vendor fees, relating to Due Diligence reviews
(anticipated to be performed monthly) applicable to the mortgage servicing rights which Servicer acquires from Bank of America, National Association on or about January 31, 2013. 

Section 8. Continuing Effect of the EAF Agreement. Except as expressly amended hereby, the provisions of the EAF
Agreement are and shall remain in full force and effect. 
 Section 9. Counterparts. This First Amendment to
EAF Agreement may be executed in any number of counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. 
 [Signatures Follow] 

 IN WITNESS WHEREOF, each of the undersigned parties has caused this First Amendment to EAF
Agreement to be duly executed in its name by one of its duly authorized officers, all as of the date first above written. 
  

									
	FANNIE MAE	 		 	GREEN TREE SERVICING LLC
					
	By:	 	  
	 		 	By:	 	  

					
	Name:	 	  
	 		 	Name:	 	  

					
	Title:	 	  
	 		 	Title:EX-10.49

 Exhibit 10.49 
 SECOND AMENDMENT TO ADDENDUM TO MORTGAGE SELLING AND 
 SERVICING CONTRACT
(EAF Agreement) 
 This Second Amendment (the “Second Amendment”) to that Addendum To Mortgage Selling and
Servicing Contract dated effective as of July 1, 2012 (the “EAF Agreement”) by and between FANNIE MAE, a corporation organized and existing under the laws of the United States (“Fannie Mae”) and GREEN TREE SERVICING LLC, a
limited liability company organized and existing under the laws of the State of Delaware (“Servicer”), is hereby mutually agreed upon and entered into effective January 31, 2013. 

WITNESSETH: 
 WHEREAS, pursuant to that First Amendment to the EAF Agreement dated January 3, 2013, Fannie Mae agreed to increase the Early Reimbursement Amount Limit to accommodate Eligible Advances and
GMACM Legacy Servicing Advances applicable to the Mortgage Loans the mortgage servicing rights to which Servicer acquires from GMAC Mortgage, LLC on or about January 31, 2013; and 

WHEREAS, Fannie Mae and Servicer agreed to memorialize in a written agreement the amount and the effective date of the increases
applicable to the mortgage servicing rights Servicer acquires from GMAC Mortgage, LLC on or about January 31, 2013. 

NOW, THEREFORE, in consideration of the mutual premises, covenants and conditions and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, and upon terms and subject to the conditions set forth herein, the Fannie Mae and Servicer agree as follows: 
 Section 1. Defined Terms. Unless otherwise defined herein, capitalized terms which are defined in the EAF Agreement, as amended hereby, are used herein as therein defined. 

Section 2. Early Reimbursement Amount Limit. To accommodate Eligible Advances and GMACM Legacy Servicing Advances
applicable to the Mortgage Loans the mortgage servicing rights to which Servicer acquires from GMAC Mortgage, LLC on or about January 31, 2013, the Section of the EAF Agreement titled “Early Reimbursement Amount Limit” shall be
amended and supplemented to include the following: 
 Fannie Mae’s obligation to make payment of Periodic Early
Reimbursement Amounts will not exceed a maximum Aggregate Early Reimbursement Amount of Five Hundred Eighty-Five Million ($585,000,000) dollars effective January 31, 2013 through March 31, 2013. Effective April 1, 2013, the maximum
Aggregate Early Reimbursement Amount shall be Three Hundred Seventy Million ($370,000,000) dollars. 
 Section 3.
Continuing Effect of the EAF Agreement. Except as expressly amended hereby, the provisions of the EAF Agreement are and shall remain in full force and effect. 

 Section 4. Counterparts. This Second Amendment to EAF Agreement may be
executed in any number of counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. 
 [Signatures Follow] 

 IN WITNESS WHEREOF, each of the undersigned parties has caused this Second Amendment to EAF
Agreement to be duly executed in its name by one of its duly authorized officers, all as of the date first above written. 
  

									
	FANNIE MAE	 		 	GREEN TREE SERVICING LLC
					
	By:	 	  
	 		 	By:	 	  

					
	Name:	 	  
	 		 	Name:	 	  

					
	Title:	 	  
	 		 	Title:

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