Document:

Exhibit 4.2 - Amendment No. 3 to Fourth Amended and Restated Base Indenture

EXECUTION COPY

AMENDMENT NO. 3 TO FOURTH AMENDED AND RESTATED INDENTURE
Amendment No. 3 to the Fourth Amended and Restated Indenture (this “Amendment”), dated as of June 26, 2015, among NATIONSTAR AGENCY ADVANCE FUNDING TRUST, a statutory trust organized under the laws of the State of Delaware (the “Issuer”), THE BANK OF NEW YORK MELLON (“BNY Mellon”), a New York banking corporation, as Indenture Trustee (the “Indenture Trustee”), as Calculation Agent (the “Calculation Agent”), as Paying Agent (the “Paying Agent”) and as Securities Intermediary (the “Securities Intermediary”), NATIONSTAR MORTGAGE LLC, a limited liability company organized in the State of Delaware (“Nationstar”), as Administrator on behalf of the Issuer (in such capacity, the “Administrator”) and as Servicer under the Designated Servicing Agreements (in such capacity, the “Servicer”), BARCLAYS BANK PLC, as Administrative Agent (“Barclays”) and CREDIT SUISSE AG, NEW YORK BRANCH, as Administrative Agent (“Credit Suisse” and together with Barclays, the “Administrative Agents”). Capitalized terms used and not otherwise defined herein shall have the respective meanings given them in the Existing Indenture.
RECITALS
WHEREAS, the Issuer, the Indenture Trustee, the Calculation Agent, the Paying Agent, the Securities Intermediary, the Servicer, the Administrator and the Administrative Agent are parties to that certain Fourth Amended and Restated Indenture, dated as of January 31, 2013 (the “Existing Indenture,” as amended by Amendment No. 1, dated as of April 22, 2014, as further amended by Amendment No. 2, dated as of May 5, 2015, and as further amended by this Amendment, the “Indenture”);
WHEREAS, the Issuer, the Indenture Trustee, the Calculation Agent, the Paying Agent, the Securities Intermediary, the Servicer, the Administrator and the Administrative Agent have agreed, subject to the terms and conditions of this Amendment, that the Existing Indenture be amended to reflect certain agreed upon revisions to the terms of the Existing Indenture;
WHEREAS, Section 12.1(c) of the Indenture provides that the Issuer, the Indenture Trustee, the Administrator, the Servicer and the Administrative Agent (in its sole and absolute discretion) may at any time enter into an amendment to the Indenture without the consent of any of the Noteholders or any other Person, upon: (1) delivery of an Issuer Tax Opinion for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, the Existing Indenture, or modifying in any manner the rights of the Noteholders of the Notes under the Indenture, (2) delivery by the Issuer to the Indenture Trustee of an Officer’s Certificate to the effect that the Issuer reasonably believes that such amendment will not have an Adverse Effect on any Outstanding Notes and is not reasonably expected to have an Adverse Effect at any time in the future (“No Adverse Effect Officer’s Certificate”) and (3) the receipt of notice from each Note Rating Agency currently rating the Outstanding Notes confirming in writing to the Indenture Trustee that such amendment will not cause a Ratings Effect on any Outstanding Notes (“Rating Agency No-Downgrade Letter”). Additionally, pursuant to Section 12.3 of the Indenture, the Indenture Trustee is entitled to an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by the Indenture and that all conditions precedent thereto have been satisfied (the “Authorization Opinion”);
WHEREAS, this Amendment is not effective until the execution and delivery of this Amendment by the parties hereto, the delivery of the Issuer Tax Opinion and the Authorization Opinion, the delivery of the No Adverse Effect Officer’s Certificate, and the receipt of the Rating Agency No-Downgrade Letter.
NOW, THEREFORE, the Issuer, the Indenture Trustee, the Calculation Agent, the Paying Agent, the Securities Intermediary, the Servicer, the Administrator and the Administrative Agents hereby agree, in consideration of the amendments, agreements and other provisions herein contained and of certain other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged by the parties hereto, that the Existing Indenture is hereby amended as follows:
Section 1.Amendments to Existing Indenture.  Effective as of the Amendment 3 Effective Date (defined below), the Existing Indenture is hereby amended by deleting Section 4.2(a) thereof in its entirety and replacing it as follows:
(a)    The Servicer shall deposit into the Collection and Funding Account all Advance Reimbursement Amounts in respect of Advances collected by the Servicer with respect to any Designated Pool pursuant to a related Designated Servicing Agreement no later than two (2) Business Days after the Servicer’s receipt thereof. To the extent the Indenture Trustee receives for deposit Advance Reimbursement Amounts in the Collection and Funding Account later than 2:00 p.m. New York City time on a Business Day, such funds shall be deemed to have been received on the following Business Day.
SECTION 2.    Conditions to Effectiveness of the Amendment. This Amendment shall become effective on the date hereof (the “Amendment 3 Effective Date”) subject to the satisfaction of the following conditions precedent:
2.1    the execution and delivery of this Amendment by all parties hereto; 
2.2    the delivery of the Issuer Tax Opinion; 
2.3    the delivery of the No Adverse Effect Officer’s Certificate; 
2.4    the receipt of the Rating Agency No-Downgrade Letter; and 
2.5    the delivery of the Authorization Opinion.
SECTION 3.    Representations and Warranties. The Issuer hereby represents and warrants to the Indenture Trustee, the Calculation Agent, the Paying Agent, the Securities Intermediary and the Administrative Agents that as of the date hereof, (i) the Issuer is in compliance with all the terms and provisions set forth in the Indenture on its part to be observed or performed and remains bound by the terms thereof, and (ii) after giving effect to the terms of this Amendment, no Event of Default has occurred or is continuing, and hereby confirms and reaffirms the representations and warranties contained in Section 9.1 of the Indenture.
SECTION 4.    Limited Effect. Except as expressly amended and modified by this Amendment, the Existing Indenture shall continue to be, and shall remain, in full force and effect in accordance with its terms and the execution of this Amendment.
SECTION 5.    Severability. Each provision and agreement herein shall be treated as separate and independent from any other provision or agreement herein and shall be enforceable notwithstanding the unenforceability of any such other provision or agreement.
SECTION 6.    Owner Trustee Limitation of Liability. It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by Wilmington Trust, National Association, not individually or personally, but solely as Owner Trustee of the Issuer under the Trust Agreement, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as a personal representation, undertaking and agreement by Wilmington Trust, National Association but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on Wilmington Trust, National Association, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall Wilmington Trust, National Association be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Amendment.
SECTION 7.    Counterparts. This Amendment may be executed in one or more counterparts and by the different parties hereto on separate counterparts, including without limitation counterparts transmitted by facsimile or other electronic transmission, each of which, when so executed, shall be deemed to be an original and such counterparts, together, shall constitute one and the same agreement.
SECTION 8.    GOVERNING LAW. THIS AMENDMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO OR IN CONNECTION WITH THIS AMENDMENT, THE RELATIONSHIP OF THE PARTIES HERETO, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES HERETO WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK (WITHOUT REFERENCE TO THE CONFLICT OF LAW PRINCIPLES THEREOF OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW) AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
[SIGNATURE PAGES FOLLOW]

IN WITNESS WHEREOF, the undersigned have caused this Amendment to be duly executed as of the date first above written.
NATIONSTAR AGENCY ADVANCE FUNDING TRUST, as Issuer
		
	By:
	Wilmington Trust, National Association, not in its individual capacity but solely as Owner Trustee

By:        /s/ Adam Scozzafava 
Name:        Adam Scozzafava 
Title:        Vice President

NATIONSTAR MORTGAGE LLC,  
as Administrator and Servicer
By:        /s/ Amar Patel 
Name:        Amar Patel 
Title:        Executive Vice President

THE BANK OF NEW YORK MELLON,  
not in its individual capacity, but solely as Indenture Trustee, Calculation Agent, Paying Agent and Securities Intermediary
By:        /s/ Michael D. Commisso 
Name:        Michael D. Commisso 
Title:        Vice President

BARCLAYS BANK PLC,  
as Administrative Agent
By:        /s/ Martin Atten 
Name:    Martin Atten 
Title:        MD

CREDIT SUISSE AG, NEW YORK BRANCH, as Administrative Agent
By:        /s/ Patrick J. Hart 
Name:        Patrick J. Hart 
Title:        Vice President
By:        /s/ Erin McCutcheon 
Name:        Erin McCutcheon 
Title:        Vice President

ACTIVE 208988360v.1Exhibit 4.3 - Amendment No. 6 to Series 2013-VF1 Indenture Supplement

EXECUTION COPY

NATIONSTAR AGENCY ADVANCE FUNDING TRUST, 
as Issuer,
THE BANK OF NEW YORK MELLON,  
as Indenture Trustee, Calculation Agent, Paying Agent and Securities Intermediary,
NATIONSTAR MORTGAGE LLC,  
as Administrator and as Servicer,
BARCLAYS BANK PLC,  
as Administrative Agent,
and
CREDIT SUISSE AG, NEW YORK BRANCH,  
as Administrative Agent
and consented to by: 
BARCLAYS BANK PLC 
and 
CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH
as Noteholders of the Class A-VF1 Variable Funding Notes, the Class B-VF1 Variable Funding  
Notes, the Class C-VF1 Variable Funding Notes and the Class D-VF1 Variable Funding Notes
AMENDMENT NO. 6  
dated as of May 5, 2015
to the
SERIES 2013-VF1 INDENTURE SUPPLEMENT  
dated as of January 31, 2013
to the
FOURTH AMENDED AND RESTATED INDENTURE,  
dated as of January 31, 2013
NATIONSTAR AGENCY ADVANCE FUNDING TRUST, ADVANCE RECEIVABLES  
BACKED NOTES, SERIES 2013-VF1

AMENDMENT NO. 6 TO SERIES 2013-VF1 INDENTURE SUPPLEMENT
This Amendment No. 6, dated as of May 5, 2015 (this “Amendment”), to the Series 2013-VF1 Indenture Supplement, dated as of January 31, 2013 (as amended by that certain Amendment No. 1, dated as of May 21, 2013, as further amended by that certain Amendment No. 2, dated as of October 15, 2013, as further amended by that certain Amendment No. 3, dated as of October 14, 2014, as further amended by that certain Amendment No. 4, dated as of January 27, 2015, as further amended by that certain Amendment No. 5, dated as of January 30, 2015, and as the same may be further amended, restated, supplemented or otherwise modified from time to time, the “Indenture Supplement”) to that certain Fourth Amended and Restated Indenture, dated as of January 31, 2013 (as amended by that certain Amendment No. 1, dated as of April 22, 2014, as amended by that certain Amendment No. 2, dated as of the date hereof and as the same may be further amended, restated, supplemented or otherwise modified from time to time, the “Indenture”), is entered into by and among NATIONSTAR AGENCY ADVANCE FUNDING TRUST, a statutory trust organized under the laws of the State of Delaware (the “Issuer”), THE BANK OF NEW YORK MELLON, a New York banking corporation, as indenture trustee (the “Indenture Trustee”), as calculation agent (the “Calculation Agent”), as paying agent (the “Paying Agent”), and as securities intermediary (the “Securities  Intermediary”), NATIONSTAR MORTGAGE LLC, a Delaware limited liability company (“Nationstar”), BARCLAYS BANK PLC (“Barclays”), as administrative agent and CREDIT SUISSE AG, NEW YORK BRANCH (“Credit Suisse”), as administrative agent (each of Barclays and Credits Suisse, the “Administrative Agent”) and consented to by Barclays, as Noteholder of the Class A-VF1 Variable Funding Notes, the Class B-VF1 Variable Funding Notes, the Class C-VF1 Variable Funding Notes and the Class D-VF1 Variable Funding Notes (collectively, the “Notes”) issued pursuant to the Indenture Supplement, and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH (“CSCIB”), as Noteholder of the Notes (each of Barclays and CSCIB in such capacity, a “Noteholder” and collectively, the “Noteholders”).  Capitalized terms used herein but not otherwise defined shall have the meanings given to such terms in the Indenture or the Indenture Supplement, as applicable.
WHEREAS, Section 12.2 of the Indenture provides, among other things, that subject to the terms and provisions of each Indenture Supplement with respect to any amendment of such Indenture Supplement, the parties to the Indenture may at any time enter into an amendment to the Indenture, including any Indenture Supplement, with prior notice to the Note Rating Agency and the consent of Noteholders of more than 50% (by Class Invested Amount) of each Series or Class of Notes affected by such amendment of the Indenture, including any Indenture Supplement, for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of the Indenture, of modifying in any manner the rights of the Holders of the Notes of each such Series or Class under the Indenture or any Indenture Supplement, upon delivery of an Issuer Tax Opinion and, pursuant to Section 12.3 of the Indenture, an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by the Indenture and that all conditions precedent thereto have been satisfied (the “Authorization Opinion”); provided, however, that no such amendment will modify any of the enumerated provisions set forth in Section 12.2 without the consent of the Noteholder of each Outstanding Note affected thereby;
WHEREAS, Section 12(b) of the Indenture Supplement provides that notwithstanding any provisions to the contrary in Section 6.10 or Article XII of the Indenture, no supplement, amendment or indenture supplement entered into with respect to the issuance of a new Series of Notes or pursuant to the terms and provisions of Section 12.2 of the Indenture may, without the consent of 100% of the Series 2013-VF1 Notes, supplement, amend or revise any term or provision of the Indenture Supplement;
WHEREAS, Section 12(c) of the Indenture Supplement provides that notwithstanding any provisions to the contrary in Article XII of the Indenture or Section 12 of the Indenture Supplement, no supplement or amendment entered into with respect to the Indenture Supplement is effective without the consent of 100% of the Noteholders of the Series 2013-VF1 Notes;
WHEREAS, the parties hereto desire to amend the Indenture Supplement as described below to make certain changes with respect to the Indenture Supplement;
WHEREAS, this Amendment is not effective until the execution and delivery of this Amendment by the parties hereto and the delivery of the Issuer Tax Opinion and the Authorization Opinion;
WHEREAS, the Noteholders collectively own 100% of the Class A-VF1 Variable Funding Notes, the Class B-VF1 Variable Funding Notes, the Class C-VF1 Variable Funding Notes and the Class D-VF1 Variable Funding Notes, which are the only Outstanding Notes issued pursuant to the Indenture Supplement; and
NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:
Section 1.Amendments to the Indenture Supplement.  Subject to the satisfaction of the conditions precedent in Section 4 below, the following amendments shall occur with respect to the enumerated sections and provisions of the Indenture Supplement:
(a)    Section 2 of the Indenture Supplement is hereby amended by deleting the definitions of “Advance Rates,” “Maximum VFN Principal Balance” and “Stressed Time Percentage” in their entirety and replacing them with the following:
“Advance Rates”: On any date of determination with respect to each Receivable related to any Class of Series 2013-VF1 Notes, the percentage amount based on the Advance Type of such Receivable, as set forth below, subject to amendment by mutual agreement of the Administrative Agent and the Administrator, and with consultation with each Note Rating Agency; provided, that in the event that the Servicer’s sub-prime servicer rating is reduced below “Average” by S&P, the Advance Rates applicable to the Receivables related to such Class of Notes shall be equal to the Advance Rates set forth below prior to such ratings reduction minus 5.00%; and provided, further, that the Advance Rate for any Receivable related to any Class of Notes shall be zero if such Receivable is not a Facility Eligible Receivable; provided, further, on any date of determination on or after April 23, 2015, the Advance Rate applicable to each Corporate Advance Receivable and Escrow Advance Receivable shall equal the product of (a) the applicable Advance Rate listed in the table below multiplied by (b) 100% minus the arithmetic average of the Deficient Documentation Percentages (as such term is defined in that certain Designation Letter, dated as of December 23, 2014 (the “12-23  Designation Letter”) provided in each of the three most recent Deficient Documentation Percentage Reports (as defined in the 12-23 Designation Letter) delivered; provided, that, in the event of any reduction in the Advance Rates because of this paragraph, such reduction shall not be effective in an amount to independently cause the occurrence of a Facility Early Amortization Event pursuant to clause (iv) of the definition thereof set forth in the Indenture until the thirtieth day after the effective date of such reduction (but such reduction shall be effective for all other purposes of the Indenture (including the determination of whether the Funding Conditions are satisfied on any date)):
	
									
	Advance Type / Class of Notes
	Class A-VF1
	Class B-VF1
	Class C-VF1
	Class D-VF1

	Delinquency Advances
	90.00
	%
	96.50
	%
	97.75
	%
	98.00
	%

	Non-Judicial Escrow Advances
	38.25
	%
	57.50
	%
	67.00
	%
	87.00
	%

	Judicial Escrow Advances
	13.00
	%
	31.75
	%
	44.75
	%
	80.50
	%

	Non-Judicial Corporate Advances
	38.25
	%
	57.50
	%
	67.00
	%
	87.00
	%

	Judicial Corporate Advances
	13.00
	%
	31.75
	%
	44.75
	%
	80.50
	%

“Maximum VFN Principal Balance” means, (i) for Class A-VF1, $528,523,111, (ii) for Class B-VF1, $217,637,858, (iii) for Class C-VF1, $127,948,783, and (iv) for Class D-VF1, $325,890,248 or, in the case of each such Class on any date, a lesser amount calculated pursuant to a written agreement between the Servicer, the Administrator and each Administrative Agent.
“Stressed Time Percentage” means for Class A-VF1, 9.00%, Class B-VF1, 11.00%, Class C-VF1, 13.00%, and Class D-VF1, 28.00%.
(b)    Exhibit A of the Indenture Supplement is hereby amended by deleting such Exhibit A in its entirety and replacing it with Exhibit A attached hereto.
Section 2.    12-23 Designation Letter.  The parties hereto agree that the “Annex II” referenced in the 12-23 Designation Letter shall be deemed to include “Annex II” as attached as Exhibit B hereto.
Section 3.    Noteholder Consent.
In its capacity as Note Registrar, the Indenture Trustee confirms that the Note Register reflects that collectively Barclays and CSCIB as the sole Noteholders of all Notes currently Outstanding under the Indenture Supplement.  Such Noteholders’ consent to the terms of this Amendment is evidenced by its signature hereto.
Section 4.    Conditions to Effectiveness of this Amendment.
This Amendment shall become effective on the date (the “Amendment 6 Effective Date”) upon the latest to occur of the following:
(a)    the execution and delivery of this Amendment by all parties hereto;
(b)    prior notice to the Note Rating Agency;
(c)    the delivery of an Issuer Tax Opinion; and
(d)    the delivery of the Authorization Opinion.
Section 5.    Effect of Amendment.  Except as expressly amended and modified by this Amendment, all provisions of the Indenture Supplement and the Indenture shall remain in full force and effect and all such provisions shall apply equally to the terms and conditions set forth herein.  This Amendment shall become effective on the Amendment 6 Effective Date and shall not be effective for any period prior to the Amendment 6 Effective Date.  After this Amendment becomes effective, all references in the Indenture Supplement or the Indenture to “this Indenture Supplement,” “this Indenture,” “hereof,” “herein” or words of similar effect referring to such Indenture Supplement and Indenture shall be deemed to be references to the Indenture Supplement or the Indenture, as applicable, as amended by this Amendment.  This Amendment shall not be deemed to expressly or impliedly waive, amend or supplement any provision of the Indenture Supplement or the Indenture other than as set forth herein.  This Amendment shall constitute an Act of each of the Noteholders of the Series 2013-VF1 Notes.
Section 6.    Representations and Warranties.  Each of Barclays and CSCIB hereby represents and warrants that as of the date hereof (i) that Barclays and CSCIB are collectively the sole Noteholders of each of the Class A-VF1 Variable Funding Notes, the Class B-VF1 Variable Funding Notes, the Class C-VF1 Variable Funding Notes and the Class D-VF1 Variable Funding Notes, (ii) it is duly authorized to deliver this certification to the Indenture Trustee, (iii) such power has not been granted or assigned to any other Person, and (iv) the Indenture Trustee may conclusively rely upon this certification.
Section 7.    Entire Agreement.  The Indenture and the Indenture Supplement, as amended by this Amendment, constitute the entire agreement among the parties hereto with respect to the subject matter hereof, and fully supersedes any prior or contemporaneous agreements relating to such subject matter.
Section 8.    Successors and Assigns.  This Amendment shall be binding upon the parties hereto and their respective successors and assigns.
Section 9.    Section Headings.  The various headings and sub-headings of this Amendment are inserted for convenience only and shall not affect the meaning or interpretation of this Amendment or the Indenture or any provision hereof or thereof.
Section 10.    GOVERNING LAW.  THIS AMENDMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO OR IN CONNECTION WITH THIS AMENDMENT, THE RELATIONSHIP OF THE PARTIES HERETO, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES HERETO SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK (WITHOUT REFERENCE TO THE CONFLICT OF LAW PROVISIONS THEREOF OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW) AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Section 11.    Recitals.  The statements contained in the recitals to this Amendment shall be taken as the statements of the Issuer, and the Indenture Trustee (in each capacity) assumes no responsibility for their correctness.  The Indenture Trustee makes no representation as to the validity or sufficiency of this Amendment (except as may be made with respect to the validity of its own obligations hereunder).  In entering into this Amendment, the Indenture Trustee shall be entitled to the benefit of every provision of the Indenture and the Indenture Supplement relating to the conduct of or affecting the liability of or affording protection to the Indenture Trustee.
Section 12.    Owner Trustee Limitation of Liability.  It is expressly understood and agreed by the parties hereto that (a) this Amendment is executed and delivered by Wilmington Trust, National Association, not individually or personally, but solely as Owner Trustee of the Issuer under the Trust Agreement, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as a personal representation, undertaking and agreement by Wilmington Trust, National Association but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on Wilmington Trust, National Association, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall Wilmington Trust, National Association be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Amendment.
Section 13.    Reserved.
Section 14.    Counterparts.  This Amendment may be executed in one or more counterparts and by the different parties hereto on separate counterparts, including without limitation counterparts transmitted by facsimile or other electronic transmission, each of which, when so executed, shall be deemed to be an original and such counterparts, together, shall constitute one and the same agreement.
[Signature pages follow]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.
NATIONSTAR AGENCY ADVANCE 
FUNDING TRUST, as Issuer
By: Wilmington Trust, National Association, not in its individual capacity but solely as Owner Trustee
		
	By.
	/s/ Adam Scozzafava     
Name:  Adam Scozzafava 
Title:    Vice President

[Signatures Continue]
THE BANK OF NEW YORK MELLON, 
  as Indenture ‘Trustee.  Calculation Agent, Pa\ in Agent and Securities Intermediary and not in its individual capacity)
		
	By.
	/s/ Michael Commisso     
Name:  Michael Commisso 
Title:    Vice President

[Signatures Continue]
NATIONSTAR MORTGAGE LLC, 
  as Administrator and as Servicer
		
	By.
	/s/ Amar Patel     
Name:  Amar Patel 
Title:    Executive Vice President

[Signatures Continue]
BARCLAYS BANK PLC, 
as Administrative Agent
		
	By.
	/s/ Joseph O’Doherty     
Name:  Joseph O’Doherty 
Title:    Managing Director

[Signatures Continue]
CREDIT SUISSE AG, NEW YORK BRANCH, 
  as Administrative Agent
		
	By.
	/s/ Oliver Nisenson     
Name:  Oliver Nisenson 
Title:    Director

		
	By.
	/s/ Jason Muncy     
Name:  Jason Muncy 
Title:    Vice President

[Signatures Continue]
ACKNOWLEDGED, AGREED AND CONSENTED
 
TO BY:
BARCLAYS BANK PLC, as Noteholder of the Nationstar Agency Advance Funding Trust, Advance Receivables Backed Notes, Series 2013-VF1 Class A-VF1 Variable Funding Notes, the Class B-VF1 Variable Funding Notes, the Class C-VF1 Variable Funding Notes and the Class D-VF1 Variable Funding Notes
		
	By:
	/s/ Joseph O’Doherty     
Name: Joseph O’Doherty 
Title: Managing Director

[Signatures Continue]
CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Noteholder of the Nationstar Agency Advance Funding Trust, Advance Receivables Backed Notes, Series 2013-VF1 Class A-VF1 Variable Funding Notes, the Class B-VF1 Variable Funding Notes, the Class C-VF1 Variable Funding Notes and the Class D-VF1 Variable Funding Notes
		
	By:
	/s/ Oliver Nisenson     
Name:  Oliver Nisenson 
Title:    Authorized Signatory

		
	By:
	/s/ Jason D. Muncy     
Name:  Jason D. Muncy 
Title:    Authorized Signatory

[Signatures End]

Exhibit A
	
							
	Class
	Note #
	Noteholder
	Related Administrative Agent
	Note Maximum Principal Balance

	A‐VF1
	7
	Credit Suisse AG, New York Branch, solely in its capacity as Administrative Agent on behalf of Credit Suisse AG, Cayman Islands Branch, as Committed Purchaser
	Credit Suisse AG, New York Branch
	

	$176,174,370
	

	 
	8
	BARCLAYS BANK PLC
	Barclays Bank PLC
	

	$352,348,741
	

	B‐VF1
	7
	Credit Suisse AG, New York Branch, solely in its capacity as Administrative Agent on behalf of Credit Suisse AG, Cayman Islands Branch, as Committed Purchaser
	Credit Suisse AG, New York Branch
	

	$72,545,953
	

	 
	8
	BARCLAYS BANK PLC
	Barclays Bank PLC
	

	$145,091,905
	

	C‐VF1
	7
	Credit Suisse AG, New York Branch, solely in its capacity as Administrative Agent on behalf of Credit Suisse AG, Cayman Islands Branch, as Committed Purchaser
	Credit Suisse AG, New York Branch
	

	$42,649,594
	

	 
	8
	BARCLAYS BANK PLC
	Barclays Bank PLC
	

	$85,299,189
	

	D‐VF1
	7
	Credit Suisse AG, New York Branch, solely in its capacity as Administrative Agent on behalf of Credit Suisse AG, Cayman Islands Branch, as Committed Purchaser
	Credit Suisse AG, New York Branch
	

	$108,630,083
	

	 
	8
	BARCLAYS BANK PLC
	Barclays Bank PLC
	

	$217,260,165
	

Exhibit B 
 
Annex II to 12-23 Designation Letter

ACTIVE 208988337v.1

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