Document:

EX-10.18

 Exhibit 10.18 

EXECUTION VERSION 
  

 
 MASTER REPURCHASE AGREEMENT

 Between: 
 EVERBANK,
as Buyer 
 and 

LOANDEPOT.COM, LLC, as Seller 

Dated as of March 20, 2014 
  

 

 TABLE OF CONTENTS 
  

							
	 	  	 	  	Page	 
			
	 SECTION 1.
	  	APPLICABILITY; INCORPORATION OF EVERBANK WAREHOUSE CUSTOMER GUIDE AND PRICING LETTER	  	 	1	 
			
	 SECTION 2.
	  	DEFINITIONS	  	 	1	 
			
	 SECTION 3.
	  	INITIATION; TERMINATION	  	 	20	 
			
	 SECTION 4.
	  	MARGIN AMOUNT MAINTENANCE	  	 	24	 
			
	 SECTION 5.
	  	COLLECTIONS; INCOME PAYMENTS	  	 	25	 
			
	 SECTION 6.
	  	REQUIREMENTS OF LAW	  	 	25	 
			
	 SECTION 7.
	  	TAXES	  	 	26	 
			
	 SECTION 8.
	  	SECURITY INTEREST; BUYER’S APPOINTMENT AS ATTORNEY-IN-FACT	  	 	27	 
			
	 SECTION 9.
	  	PAYMENT, TRANSFER; ACCOUNTS AND CUSTODY	  	 	30	 
			
	 SECTION 10.
	  	DELIVERY OF DOCUMENTS	  	 	32	 
			
	 SECTION 11.
	  	REPRESENTATIONS	  	 	33	 
			
	 SECTION 12.
	  	COVENANTS	  	 	38	 
			
	 SECTION 13.
	  	EVENTS OF DEFAULT	  	 	44	 
			
	 SECTION 14.
	  	REMEDIES	  	 	46	 
			
	 SECTION 15.
	  	INDEMNIFICATION AND EXPENSES; RECOURSE	  	 	48	 
			
	 SECTION 16.
	  	SERVICING	  	 	49	 
			
	 SECTION 17.
	  	DUE DILIGENCE	  	 	50	 
			
	 SECTION 18.
	  	ASSIGNABILITY	  	 	51	 
			
	 SECTION 19.
	  	TRANSFER AND MAINTENANCE OF REGISTER	  	 	52	 
			
	 SECTION 20.
	  	HYPOTHECATION OR PLEDGE OF PURCHASED MORTGAGE LOANS	  	 	52	 
			
	 SECTION 21.
	  	TAX TREATMENT	  	 	52	 
			
	 SECTION 22.
	  	SET-OFF	  	 	52	 
			
	 SECTION 23.
	  	TERMINABILITY	  	 	53	 

  
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	 SECTION 24.
	  	NOTICES AND OTHER COMMUNICATIONS	  	 	53	 
			
	 SECTION 25.
	  	USE OF THE EVERBANK WAREHOUSE ELECTRONIC SYSTEM AND OTHER ELECTRONIC MEDIA	  	 	53	 
			
	 SECTION 26.
	  	ENTIRE AGREEMENT; SEVERABILITY; SINGLE AGREEMENT	  	 	55	 
			
	 SECTION 27.
	  	GOVERNING LAW	  	 	55	 
			
	 SECTION 28.
	  	SUBMISSION TO JURISDICTION; WAIVERS	  	 	55	 
			
	 SECTION 29.
	  	NO WAIVERS, ETC.	  	 	56	 
			
	 SECTION 30.
	  	CONFIDENTIALITY	  	 	56	 
			
	 SECTION 31.
	  	INTENT	  	 	57	 
			
	 SECTION 32.
	  	DISCLOSURE RELATING TO CERTAIN FEDERAL PROTECTIONS	  	 	58	 
			
	 SECTION 33.
	  	AUTHORIZATIONS	  	 	58	 
			
	 SECTION 34.
	  	ACKNOWLEDGEMENT OF ANTI-PREDATORY LENDING POLICIES	  	 	58	 
			
	 SECTION 35.
	  	MISCELLANEOUS	  	 	58	 
			
	 SECTION 36.
	  	GENERAL INTERPRETIVE PRINCIPLES	  	 	59	 

  
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 SCHEDULES AND EXHIBITS 

 

					
	SCHEDULE 1	  	Schedule of Representations and Warranties with Respect to the Mortgage Loans	  	
			
	EXHIBIT A	  	Form of Opinion Letter	  	
			
	EXHIBIT B	  	Form of Servicer Notice	  	
			
	EXHIBIT C	  	Form of Power of Attorney	  	

  
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 MASTER REPURCHASE AGREEMENT 

This is a MASTER REPURCHASE AGREEMENT (this “Agreement”), dated as of March 20, 2014, by and between LOANDEPOT.COM, LLC,
a Delaware limited liability company (“Seller”), and EVERBANK, a federal savings association (“Buyer”). 
  

	SECTION 1.	 APPLICABILITY; INCORPORATION OF EVERBANK WAREHOUSE CUSTOMER GUIDE AND PRICING LETTER

 From time to time the parties hereto may enter into transactions in which Seller agrees to transfer to Buyer
Eligible Mortgage Loans on a servicing released basis against the transfer of funds by Buyer, with a simultaneous agreement by Buyer to transfer to Seller such Eligible Mortgage Loans on a servicing released basis at a date certain after the related
Purchase Date, against the transfer of funds by Seller. Each such transaction shall be referred to herein as a “Transaction” and shall be governed by this Agreement (including any supplemental terms or conditions contained in any
annexes identified herein, as applicable hereunder), unless otherwise agreed in writing. 
 The EverBank Warehouse Customer Guide is one of
the Facility Documents as defined below. The EverBank Warehouse Customer Guide is incorporated by reference into this Agreement and Seller agrees to adhere to all terms, conditions and requirements of the EverBank Warehouse Customer Guide. Buyer may
amend the EverBank Warehouse Customer Guide from time to time as provided in Section 35(e). In the event of a conflict or inconsistency between this Agreement and the EverBank Warehouse Customer Guide, the terms of this Agreement shall govern.
Seller’s execution and delivery of this Agreement constitutes Seller’s acknowledgment of receipt of the EverBank Warehouse Customer Guide and Seller’s agreement to the terms and conditions set forth therein and herein with respect
thereto. 
 The Pricing Letter is one of the Facility Documents as defined below. The Pricing Letter is incorporated by reference into this
Agreement and Seller agrees to adhere to all terms, conditions and requirements of the Pricing Letter as incorporated herein. In the event of a conflict or inconsistency between this Agreement and the Pricing Letter, the terms of the Pricing Letter
shall govern. 
  

	SECTION 2.	 DEFINITIONS 

Capitalized terms used but not defined herein shall have the respective meanings set forth in the Pricing Letter. As used herein, the following
terms shall have the following meanings (all terms defined in this Section 2 or in other provisions of this Agreement in the singular to have the same meanings when used in the plural and vice versa): 

“1934 Act” shall have the meaning set forth in Section 34 hereof. 

“Accepted Servicing Practices” shall mean, with respect to any Mortgage Loan, those mortgage servicing practices of prudent
mortgage lending institutions which service mortgage loans of the same type as such Mortgage Loan in the jurisdiction where the related Mortgaged Property is located. 

“Adjustable Rate Loan” shall mean a Mortgage Loan that provides for the adjustment of the Mortgage Interest Rate payable in
connection with such Mortgage Loan. 
 “Adjusted Tangible Net Worth” shall mean, with respect to any Person at any date,
the Net Worth of such Person plus (a) (i) all unpaid principal of all Subordinated Debt of such Person at such date; and (ii) the MSR Value at such date; minus: (b) (i) the aggregate book value of all intangible assets
of such Person (as determined in accordance with GAAP), including, without limitation, goodwill; trademarks, 

 
trade names, service marks, copyrights, patents, licenses and franchises; capitalized Servicing Rights; organizational expenses; deferred expenses; (ii) receivables from equity owners,
Affiliates or employees; (iii) advances of loans to Affiliates; (iv) investments in Affiliates; (v) assets pledged to secure any liabilities not included in the Indebtedness of such Person; and (vi) any other assets which would
be deemed by HUD to be unacceptable in calculating adjusted tangible net worth; in all cases, calculated on a consolidated basis and determined in accordance with GAAP consistent with those applied in the preparation of the Financial Statements
referred to herein. 
 “Affiliate” shall mean with respect to any Person, any “affiliate” of such Person, as such
term is defined in the Bankruptcy Code. 
 “Agency” shall mean Freddie Mac, Fannie Mae or Ginnie Mae, as applicable. 

“Agency HARP2 Loans” shall have the meaning specified in the Pricing Letter. 

“Aging Limit” shall have the meaning specified in the Pricing Letter. 

“Agreement” shall mean this Master Repurchase Agreement between Buyer and Seller, dated as of the date hereof, as the same
may be amended, supplemented or otherwise modified in accordance with the terms hereof. 
 “ALTA” shall mean the American
Land Title Association, or any successors thereto. 
 “Annual Financial Statement Date” shall have the meaning set forth in
the Pricing Letter. 
 “Anti-Money Laundering Laws” shall have the meaning set forth in Section 11(z) hereof. 

“Appraisal” shall mean an appraisal by a licensed appraiser selected in accordance with Agency guidelines and not identified
to Seller as an unacceptable appraiser by an Agency, and who is experienced in estimating the value of property of that same type in the community where it is located, and who — unless approved by Buyer on a case-by-case basis — is not, and is not a Relative of or a Relative of a spouse of, an owner, director, officer or employee of Seller or any of its Affiliates, a signed copy of the written report of
which Appraisal is in the possession of Seller or the Subservicer. 
 “Appraised Value” shall mean the value set forth in
an Appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property. 

“Appropriate Federal Banking Agency” shall have the meaning ascribed to it by Section 1813(q) of Title 12 of the United
States Code, as amended from time to time. 
 “Approved CPA” shall mean a certified public accountant approved by Buyer in
writing in its sole discretion. 
 “Approved Flood Policy Insurer” shall mean any of the insurers approved by Buyer in its
sole and absolute discretion. 
 “Approved Hedging Manager” shall mean a hedging consultant acceptable to Buyer in its sole
and absolute discretion. If (and only for so long as) approved by Buyer, in its sole and absolute discretion, Seller may act as its own hedging manager, in which event, while so approved, Seller shall be an Approved Hedging Manager for purposes of
this Agreement. 

  
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 “Approved Mortgage Product” shall have the meaning specified in the Pricing
Letter. 
 “Approved Servicing Appraiser” shall mean an independent appraiser that is nationally known as expert in the
evaluation of Servicing Rights, and is pre-approved in writing by Buyer from time to time, in its sole and absolute discretion. 

“Approved Tax Service Contract Provider” shall mean any tax service contract provider as approved from time to time by Buyer,
in its sole and absolute discretion. 
 “Asset Value” shall mean with respect to each Purchased Mortgage Loan that is: 

(a)    an Eligible Mortgage Loan, the applicable Purchase Price Percentage for such Purchased Mortgage Loan multiplied by
the least of (i) the Market Value of such Mortgage Loan, (ii) the outstanding principal balance of such Mortgage Loan, and (iii) the purchase price for such Mortgage Loan set forth in the related Takeout Commitment; and 

(b)    not an Eligible Mortgage Loan, zero. 

(c)    Notwithstanding and without limiting the generality of the foregoing, Seller acknowledges that the Asset Value of a
Purchased Mortgage Loan may be reduced to zero by Buyer, in its sole discretion, without notice, if: 

(i)    such Purchased Mortgage Loan ceases to be an Eligible Mortgage Loan; 

(ii)    the Purchased Mortgage Loan has been released from the possession of Custodian (other than to a
Takeout Investor pursuant to a Bailee Letter) for a period in excess of 10 calendar days; 
 (iii)    the
Purchased Mortgage Loan has been released from the possession of Custodian to a Takeout Investor pursuant to a Bailee Letter for a period in excess of 45 calendar days; 

(iv)    the Purchased Mortgage Loan is a Wet Mortgage Loan for which the related Mortgage File has not been
received by Custodian by the Wet Delivery Deadline for such Purchased Mortgage Loan; 
 (v)    such
Purchased Mortgage Loan is rejected by the related Takeout Investor; 
 (vi)    such Purchased Mortgage
Loan is or becomes a Defective Mortgage Loan or a Delinquent Mortgage Loan; 
 (vii)    such Purchased
Mortgage Loan has been subject to a Transaction hereunder for a period of greater than the applicable Transaction Term Limitation; 

(viii)    Buyer has determined in its sole discretion that the Purchased Mortgage Loan is not eligible for
whole loan sale or securitization in a transaction consistent with the prevailing sale and securitization industry with respect to substantially similar Mortgage Loans; or 

  
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 (ix)    such Purchased Mortgage Loan contains a breach
of a representation or warranty made by Seller in this Agreement. 
 The aggregate Asset Value of Mortgage Loans included in any
Concentration Category shall not exceed the Concentration Limit applicable to such Concentration Category. 
 “Assignment and
Acceptance” shall have the meaning set forth in Section 18 hereof. 
 “Assignment of Mortgage” shall mean an
assignment of the Mortgage, notice of transfer or equivalent instrument in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage. 

“Assignment of Proprietary Lease” shall mean the specific agreement creating a first Lien on and pledge of the Co-op Shares and appurtenant Proprietary Lease securing a Co-op Loan. 

“Bailee Letter” shall have the meaning assigned to such term in the Custodial Agreement. 

“Bankruptcy Code” shall mean the United States Bankruptcy Code of 1978, as amended from time to time. 

“Business Day” shall mean a day other than (i) a Saturday or Sunday, (ii) any day on which banking institutions are
authorized or required by law, executive order or governmental decree to be closed in the State of New York or the State of Florida, or (iii) any day on which the Federal Reserve is closed. 

“Buyer” shall mean EverBank, its successors in interest and assigns and, with respect to Section 7, its participants.

 “Capital Lease Obligations” shall mean, for any Person, all obligations of such Person to pay rent or other amounts
under a lease of (or other agreement conveying the right to use) Property to the extent such obligations are required to be classified and accounted for as a capital lease on a balance sheet of such Person under GAAP, and, for purposes of this
Agreement, the amount of such obligations shall be the capitalized amount thereof, determined in accordance with GAAP. 
 “Cash
Equivalents” shall mean (a) securities with maturities of 90 days or less from the date of acquisition issued or fully guaranteed or insured by the United States Government or any agency thereof, (b) certificates of deposit and
eurodollar time deposits with maturities of 90 days or less from the date of acquisition and overnight bank deposits of Buyer or its Affiliates or of any commercial bank having capital and surplus in excess of $500,000,000, (c) repurchase
obligations of Buyer or its Affiliates or of any commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than seven days with respect to securities issued or fully guaranteed or insured by the
United States Government, (d) commercial paper of a domestic issuer rated at least A-1 or the equivalent thereof by S&P or P-1 or the equivalent thereof by Moody’s and in either case maturing within 90 days after the day of
acquisition, (e) securities with maturities of 90 days or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing authority of any such
state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P or A by
Moody’s, (f) securities with maturities of 90 days or less from the date of acquisition backed by standby letters of credit issued by Buyer or any commercial bank satisfying the requirements of clause (b) of this definition, or
(g) shares of money market mutual or similar funds which invest exclusively in assets satisfying the requirements of clauses (a) through (f) of this definition. 

  
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 “Change in Control” shall have the meaning specified in the Pricing Letter.

 “Closing Protection Letter” shall mean a letter of indemnification from a title insurer addressed to Seller and/or Buyer
or for which Buyer is a third party beneficiary, with coverage that is customarily acceptable to Persons engaged in the origination of mortgage loans, identifying the Settlement Agent covered thereby and indemnifying Seller and/or Buyer (directly or
as a third party beneficiary) against losses incurred due to malfeasance or fraud by the Settlement Agent or the failure of the Settlement Agent to follow the specific escrow instructions specified by Seller to the Settlement Agent or otherwise by
Buyer with respect to the closing of the Mortgage Loan. The Closing Protection Letter shall be either with respect to the individual Mortgage Loan being purchased pursuant hereto or a blanket Closing Protection Letter which covers closings conducted
by the Settlement Agent in the jurisdiction in which the closing of such Mortgage Loan takes place. 
 “CLTA” shall mean
the California Land Title Association, or any successors thereto. 
 “Code” shall mean the Internal Revenue Code of 1986,
as amended from time to time. 
 “Concentration Category” shall have the meaning specified in the Pricing Letter. 

“Concentration Limit” shall mean, for each Concentration Category, the applicable limitation set forth in the Pricing Letter.

 “Confidential Terms” shall have the meaning set forth in Section 30 hereof. 

“Conforming Mortgage Loan” shall have the meaning set forth in the Pricing Letter. 

“Conventional Mortgage Loan” shall mean a Conforming Mortgage Loan other than a Government Mortgage Loan. 

“Co-op Corporation” shall mean, with respect to any
Co-op Loan, the cooperative apartment corporation that holds legal title to the related Co-op Project and grants occupancy rights to units therein to stockholders
through Proprietary Leases or similar arrangements. 
 “Co-op Loan” shall mean a
Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and the collateral assignment of the related Proprietary Lease. 

“Co-op Project” shall mean, with respect to any
Co-op Loan, all real property and improvements thereto and rights therein and thereto owned by a Co-op Corporation including without limitation the land, separate
dwelling units and all common elements. 
 “Co-op Shares” shall mean, with respect
to any Co-op Loan, the shares of stock issued by a Co-op Corporation and allocated to a Co-op Unit and represented by a stock
certificate or certificates. 
 “Co-op Unit” shall mean, with respect to any Co-op Loan, a specific unit in a Co-op Project. 

“Costs” shall have the meaning set forth in Section 15(a) hereof. 

“Credit File” shall mean with respect to each Mortgage Loan, the documents and instruments relating to the origination and
administration of such Mortgage Loan. 

  
 -5- 

 “Custodial Agreement” shall mean that certain Custodial Agreement dated as
of the date hereof, among Seller, Buyer and Custodian as the same may be amended from time to time. 
 “Custodial Loan
Transmission” shall have the meaning set forth in the Custodial Agreement. 
 “Custodian” shall mean Deutsche Bank
National Trust Company, or any successor thereto under the Custodial Agreement. 
 “Daily Activity Report” shall mean for
each Business Day, the daily activity pursuant to this Agreement reflected on the EverBank Warehouse Electronic System, including without limitation, any purchases of Mortgage Loans, any repurchases of Mortgage Loans, any payments received by Buyer
or in the Inbound Account with respect to the Purchased Mortgage Loans, and the activity in each of the Inbound and Haircut Accounts. 

“Debt for Borrowed Money Arrangements” shall have the meaning set forth in Section 11(o) hereof. 

“Debt Service” shall mean, for any period, the sum of a Person’s (a) Interest Expense for such period, plus
(b) the aggregate amount of regularly scheduled or mandatory principal payments of Indebtedness for such period (but excluding (i) principal payments required under Warehouse Facilities upon the ordinary course sale of a Mortgage Loan
financed thereunder to an investor, and (ii) balloon principal payments due on maturity required to be made during such period). 

“Default” shall mean an Event of Default or an event that with notice or lapse of time or both would become an Event of
Default. 
 “Defective Mortgage Loan” shall mean a Mortgage Loan (a) which is in foreclosure, has been foreclosed upon
or has been converted to real estate owned property, (b) for which the Mortgagor is in bankruptcy, (c) that is not either (i) subject to a valid and binding Takeout Commitment or (ii) unless a Takeout Commitment is required for
the applicable Approved Mortgage Product type, covered within Seller’s hedging program, as approved by Buyer, (d) that is subject to a Takeout Commitment with respect to which Seller or Takeout Investor is in default, (e) that is
rejected or excluded for any reason from the related Takeout Commitment by the Takeout Investor, (f) that is not purchased by the Takeout Investor in compliance with the Takeout Commitment at or prior to the expiration or termination of the
Takeout Commitment for any reason, or (g) that is not repurchased by Seller in compliance with the provisions of Section 3(d), or (h) which was, but ceases to be, an Eligible Mortgage Loan, including if the representations and
warranties set forth in Schedule 1 to this Agreement cease to be true, correct, and complete with respect to such Mortgage Loan. 

“Delinquent Mortgage Loan” shall mean any Mortgage Loan as to which any Monthly Payment, or part thereof, remains unpaid for
30 days or more following the original Due Date for such Monthly Payment. 
 “Dollars” and “$” shall mean
lawful money of the United States of America. 
 “Due Date” shall mean the day of the month on which the Monthly Payment is
due on a Mortgage Loan, exclusive of any days of grace. 
 “Due Diligence Costs” shall have the meaning set forth in
Section 17 hereof. 

  
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 “Due Diligence Review” shall mean the performance by Buyer of any or all of
the reviews permitted under Section 17 hereof with respect to any Seller Party, any or all of the Purchased Mortgage Loans, or any Mortgage Loans submitted for purchase hereunder, as desired by Buyer from time to time. 

“E-Sign” shall mean the federal Electronic Signatures in Global and National Commerce
Act, as amended from time to time. 
 “EBITDA” shall mean for any Person for any period, Net Income of such Person and its
Subsidiaries for such period plus, without duplication and to the extent reflected as a charge in the statement of such Net Income for such period, the sum of (a) income tax expense, (b) Interest Expense of such Person and its
Subsidiaries, amortization or write off of debt discount and debt issuance costs and commissions, discounts and other fees and charges associated with Indebtedness, (c) depreciation and amortization expense and (d) amortization of
intangibles (including, but not limited to, goodwill) and organization costs. 
 “Effective Date” shall mean the date upon
which the conditions precedent set forth in Section 3(a) shall have been satisfied. 
 “Electronic Record” shall mean
“Record” and “Electronic Record,” both as defined in E-Sign, and shall include, but not be limited to, recorded telephone conversations, fax copies or electronic transmissions, including,
without limitation, those involving the EverBank Warehouse Electronic System. 
 “Electronic Signature” shall have the
meaning set forth in E-Sign. 
 “Electronic Tracking Agreement” shall mean an
Electronic Tracking Agreement among Buyer, Seller, MERS and MERSCORP, Inc., as the same may be amended from time to time. 

“Electronic Transactions” shall mean transactions conducted using Electronic Records and/or Electronic Signatures or fax
copies of signatures. 
 “Eligible Correspondent Loan” shall have the meaning specified in the Pricing Letter. 

“Eligible Mortgage Loan” shall mean a Mortgage Loan which (a) is an Approved Mortgage Product, (b) complies with
the representations and warranties set forth on Schedule 1 hereto, (c) is not a Defective Mortgage Loan, and (d) is not a Delinquent Mortgage Loan. 

“EO13224” shall have the meaning set forth in Section 11(aa) hereof. 

“ERISA” shall, with respect to any Person, mean the Employee Retirement Income Security Act of 1974, as amended from time to
time and any successor thereto, and the regulations promulgated and rulings issued thereunder. 
 “ERISA Affiliate” shall,
with respect to any Person, mean any Person which is treated as a single employer under Section 414(b) or (c) of the Code, or solely for purposes of Section 302 of ERISA and Section 412 of the Code is treated as a single employer
described in Section 414 of the Code. 
 “ERISA Liability Threshold” shall have the meaning specified in the Pricing
Letter. 
 “Escrow Amount” shall mean any amounts paid by the Mortgagor or retained by Seller with respect to the Mortgage
Loan that constitute escrowed funds, which shall include any amounts representing Escrow Payments or unapplied principal prepayments. 

  
 -7- 

 “Escrow Payments” shall mean, with respect to any Mortgage Loan, the
amounts constituting ground rents, taxes, assessments, water rates, sewer rents, municipal charges, mortgage insurance premiums, fire and hazard insurance premiums, condominium charges, and any other payments required to be escrowed by the Mortgagor
with the mortgagee pursuant to the Mortgage or any other document. 
 “Existing Subordinated Debt” shall mean all
Subordinated Debt, if any, existing as of the Effective Date, as set forth on Schedule 6 to the Pricing Letter. 
 “Event of
Default” shall have the meaning specified in Section 13 hereof. 
 “Event of ERISA Termination” shall, with
respect to any Person, mean (i) with respect to any Plan, a reportable event, as defined in Section 4043 of ERISA, as to which the PBGC has not by regulation waived the reporting of the occurrence of such event, or (ii) the withdrawal
of such Person or any ERISA Affiliate thereof from a Plan during a plan year in which it is a substantial employer, as defined in Section 4001(a)(2) of ERISA, or (iii) the failure by such Person or any ERISA Affiliate thereof to meet the
minimum funding standard of Section 412 of the Code or Section 302 of ERISA with respect to any Plan, including, without limitation, the failure to make on or before its due date a required installment under Section 430(j) of the Code
or Section 303(j) of ERISA, or (iv) the distribution under Section 4041 of ERISA of a notice of intent to terminate any Plan or any action taken by such Person or any ERISA Affiliate thereof to terminate any Plan, or (v) the
failure to meet the requirements of Section 436 of the Code resulting in the loss of qualified status under Section 401(a)(29) of the Code, or (vi) the institution by the PBGC of proceedings under Section 4042 of ERISA for the
termination of, or the appointment of a trustee to administer, any Plan, or (vii) the receipt by such Person or any ERISA Affiliate thereof of a notice from a Multiemployer Plan that action of the type described in the previous clause
(vi) has been taken by the PBGC with respect to such Multiemployer Plan, or (viii) any event or circumstance exists which may reasonably be expected to constitute grounds for such Person or any ERISA Affiliate thereof to incur liability
under Title IV of ERISA or under Sections 412(b) or 430 (k) of the Code with respect to any Plan. 
 “EverBank Warehouse
Customer Guide” shall mean the guidelines and other information provided to Seller by Buyer from time to time, setting forth the policies and procedures to be followed by Seller when utilizing the facility contemplated under this Agreement,
including without limitation information and parameters input into the EverBank Warehouse Electronic System regarding LTV limitations as established by Buyer from time to time. 

“EverBank Warehouse Electronic System” shall mean the system utilized by Buyer either directly, or through its
vendors, and which may be accessed by Seller in connection with delivering and obtaining information and requests as described further in the EverBank Warehouse Customer Guide. 

“Excess Proceeds” shall mean the excess, if any, of the proceeds received in the Inbound Account with respect to a purchase
or repurchase of a Purchased Mortgage Loan over the Repurchase Price for such Purchased Mortgage Loan. 
 “Expenses” shall
mean all present and future expenses incurred by or on behalf of Buyer or the Custodian in connection with this Agreement or any of the other Facility Documents and any amendment, supplement or other modification or waiver related hereto or thereto,
whether incurred heretofore or hereafter, which expenses shall include without limitation the cost of title, lien, judgment and other record searches; attorneys’ fees; and costs of preparing and recording any UCC financing statements or other
filings necessary to perfect the security interest created hereby. 

  
 -8- 

 “Facility Documents” shall mean this Agreement, the Pricing Letter, the
EverBank Warehouse Customer Guide, the Electronic Tracking Agreement, the Custodial Agreement, each Servicer Notice, if any, the Power of Attorney, and each Subordination Agreement, if any. 

“Facility Termination Threshold” shall have the meaning specified in the Pricing Letter. 

“Fannie Mae” shall mean Fannie Mae, or any successor thereto. 

“FDIA” shall have the meaning set forth in Section 31 hereof. 

“FDICIA” shall have the meaning set forth in Section 31 hereof. 

“FHA” shall mean the Federal Housing Administration, an agency within the United States Department of Housing and Urban
Development, or any successor thereto, and including the Federal Housing Commissioner and the Secretary of Housing and Urban Development where appropriate under the FHA Regulations. 

“FHA Loan” shall mean a Mortgage Loan which is the subject of an FHA Mortgage Insurance Certificate. 

“FHA Mortgage Insurance Certificate” shall mean the certificate evidencing the contractual obligation of the FHA respecting
the insurance of a Mortgage Loan. 
 “FHA Regulations” shall mean the regulations promulgated by the Department of Housing
and Urban Development under the National Housing Act, as amended from time to time and codified in 24 Code of Federal Regulations, and other Department of Housing and Urban Development issuances relating to FHA Loans, including the related
handbooks, circulars, notices and mortgagee letters. 
 “FICO” shall mean Fair Isaac Corporation, or any successor thereto.

 “Fidelity Insurance” shall mean, collectively, whether or not provided in the same policy or policies, insurance
coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Buyer. 

“Fidelity Insurance Requirement” shall have the meaning specified in the Pricing Letter. 

“Financial Condition Covenants” shall mean each of the covenants set forth in Section 3 of the Pricing Letter. 

“Financial Reporting Party” shall have the meaning specified in the Pricing Letter. 

“Financial Statements” shall mean the consolidated financial statements of the Financial Reporting Party prepared in
accordance with GAAP for the year or other period then ended. Such financial statements will be audited, in the case of annual statements, by an Approved CPA. 

“Fitch” shall mean Fitch Ratings, Inc., or any successor thereto. 

“Freddie Mac” shall mean Freddie Mac, or any successor thereto. 

“GAAP” shall mean generally accepted accounting principles in the United States of America, applied on a consistent basis and
applied to both classification of items and amounts, and shall include, without limitation, the official interpretations thereof by the Financial Accounting Standards Board, its predecessors and successors. 

  
 -9- 

 “Ginnie Mae” shall mean the Government National Mortgage Association, or
any successor thereto. 
 “Government Mortgage Loan” shall mean a first Lien Mortgage Loan that is (a) eligible for
FHA mortgage insurance and is so insured, is subject to, or an application has been or will be submitted for, a binding and enforceable commitment for such insurance pursuant to the provisions of the National Housing Act, as amended, and is
originated in strict compliance with the requirements of Ginnie Mae and is eligible for inclusion in a Ginnie Mae mortgage-backed security pool; or (b) eligible to be guaranteed by the VA and is so guaranteed, is subject to, or an application
has been or will be submitted for, a binding and enforceable commitment for such guarantee pursuant to the provisions of the Servicemen’s Readjustment Act, as amended, and is otherwise eligible for inclusion in a Ginnie Mae mortgage-backed
security pool. 
 “Governmental Authority” shall mean any nation or government, any state, county, municipality or other
political subdivision thereof or any governmental body, agency, authority, department or commission (including, without limitation, any taxing authority) or any instrumentality or officer of any of the foregoing (including, without limitation, any
court or tribunal) exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government and any corporation, partnership or other entity directly or indirectly owned by or controlled by the foregoing
(including without limitation the Appropriate Federal Banking Agency). 
 “Guarantee” shall mean, as to any Person, any
obligation of such Person directly or indirectly guaranteeing any Indebtedness of any other Person or in any manner providing for the payment of any Indebtedness of any other Person or otherwise protecting the holder of such Indebtedness against
loss (whether by virtue of partnership arrangements, by agreement to keep-well, to purchase assets, goods, securities or services, or to take-or-pay or otherwise); provided that the term “Guarantee” shall not include endorsements
for collection or deposit in the ordinary course of business. The amount of any Guarantee of a Person shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee is made or,
if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by such Person in good faith. The terms “Guarantee” and “Guaranteed” used as verbs shall have correlative
meanings. 
 “Haircut Account” shall mean the account established pursuant to Section 9(e) hereof. 

“Haircut Amount” shall mean the excess of the outstanding principal balance of the Purchased Mortgage Loan being purchased on
the Purchase Date over the Purchase Price for such Purchased Mortgage Loan. 
 “Hedge Agreement” shall mean, with respect
to any Mortgage Loans, any short sale of a United States Treasury Security, or futures contract, or mortgage related security, or Eurodollar futures contract, or options related contract, or interest rate swap, cap or collar agreement, or similar
arrangement providing for protection against fluctuations in interest rates or the exchange of nominal or notional interest obligations, either generally or under specific contingencies, entered into by Seller with a party and with terms, both
acceptable to Buyer in its sole and absolute discretion. 
 “High Cost Mortgage Loan” shall mean a mortgage loan classified
as (a) a “high cost” or “higher priced” loan under the Home Ownership and Equity Protection Act of 1994 or (b) a “high cost,” “high risk,” “high rate,” “threshold,”
“covered,” or “predatory” loan under any other applicable state, 

  
 -10- 

 
federal or local law (or a similarly classified loan using different terminology under a law, regulation or ordinance imposing heightened regulatory scrutiny or additional legal liability for
residential mortgage loans having high interest rates, points and/or fees). 
 “HUD” shall mean the Department of Housing
and Urban Development. 
 “Inbound Account” shall mean the account established pursuant to Section 9(d) hereof. 

“Income” shall mean, with respect to any Mortgage Loan at any time, any principal thereof then payable, and all interest,
dividends or other distributions payable thereon and all proceeds thereof. 
 “Indebtedness” shall mean, with respect to
any Person, total liabilities, as reported on that Person’s balance sheet, and calculated in accordance with GAAP. 

“Indemnified Party” shall have the meaning set forth in Section 15(a) hereof. 

“Initial Haircut Account Funded Amount” shall mean, with respect to any Purchased Mortgage Loan, the amount deposited by
Seller into the Haircut Account on or prior to the related Purchase Date, which amount shall equal the Haircut Amount plus any Escrow Amount related to the Purchased Mortgage Loan. 

“Insolvency Event” shall mean, for any Person: 

(a)    that such Person or any Affiliate shall discontinue or abandon operation of its business; or 

(b)    that such Person or any Affiliate shall fail generally to, or admit in writing its inability to, pay its debts as
they become due; or 
 (c)    a proceeding shall have been instituted in a court having jurisdiction in the premises
seeking a decree or order for relief in respect of such Person or any Affiliate in an involuntary case under any applicable bankruptcy, insolvency, liquidation, reorganization or other similar Requirement of Law now or hereafter in effect, or for
the appointment of a receiver, liquidator, assignee, trustee, custodian, sequestrator, conservator or other similar official of such Person or any Affiliate, or for any substantial part of its property, or for the winding-up or liquidation of its
affairs; or 
 (d)    the commencement by such Person or any Affiliate of a voluntary case under any applicable
bankruptcy, insolvency or other similar Requirement of Law now or hereafter in effect, or such Person’s or any Affiliate’s consent to the entry of an order for relief in an involuntary case under any such Requirement of Law, or consent to
the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator, conservator or other similar official of such Person, or for any substantial part of its property, or any general assignment for the
benefit of creditors; or 
 (e)    that such Person or any Affiliate shall become insolvent; or 

(f)    if such Person or any Affiliate is a corporation, such Person or any Affiliate, or any of their Subsidiaries, shall
take any corporate action in furtherance of, or the action of which would result in, any of the actions set forth in the preceding clauses (a), (b), (c), (d) or (e). 

“Interest Expense” shall mean, for any period, total interest expense (including that attributable to Capital Lease
Obligations) of such Person and its Subsidiaries for such period with respect 

  
 -11- 

 
to all outstanding Indebtedness of such Person and its Subsidiaries (including, without limitation, all commissions, discounts and other fees and charges owed by such Person with respect to
letters of credit and bankers’ acceptance financing and net costs of such Person under Hedge Agreements in respect of interest rates to the extent such net costs are allocable to such period in accordance with GAAP). 

“LIBOR Floor” shall have the meaning set forth in the Pricing Letter. 

“LIBOR Rate” shall mean, with respect to each day a Transaction is outstanding, the rate per annum equal to the greater of
(a) the rate appearing at Reuters Screen LIBOR01 Page (or such other page as may replace the Reuters LIBOR01 Page on such service or such other service as may be designated by Buyer for the purpose of displaying London interbank offered rates
for U.S. Dollar deposits) as one month LIBOR on such date (and if such date is not a Business Day, the LIBOR Rate in effect on the Business Day immediately preceding such date), and if such rate shall not be so quoted, the rate per annum at
which Buyer or its Affiliate is offered dollar deposits at or about 10:00 a.m., New York City time, on such date, by prime banks in the interbank eurodollar market where the eurodollar and foreign currency exchange operations in respect of its
Transactions are then being conducted for delivery on such day for a period of one month and in an amount comparable to the amount of the Transactions outstanding on such day, and (b) the LIBOR Floor. 

“Lien” shall mean any lien, claim, charge, restriction, pledge, security interest, mortgage, deed of trust or other
encumbrance. 
 “Litigation Threshold” shall have the meaning specified in the Pricing Letter. 

“Loan-to-Value Ratio” or “LTV” shall mean with respect to any Mortgage Loan, the
ratio of the original outstanding principal amount of the Mortgage Loan to the Appraised Value of the Mortgaged Property at origination. 

“Margin Call” shall have the meaning specified in Section 4. 

“Margin Deficit” shall have the meaning specified in Section 4. 

“Market Value” shall mean, as of any date with respect to any Purchased Mortgage Loan, the price at which such Mortgage Loan
could readily be sold as determined by Buyer in its sole discretion, provided, however, that the “Market Value” of any Mortgage Loan that is not an Eligible Mortgage Loan is zero. 

“Material Adverse Effect” shall mean a material adverse effect on (a) the Property, business, operations, financial
condition or prospects of any Seller Party or any Affiliate, (b) the ability of any Seller Party or any Affiliate to perform its obligations under any of the Facility Documents to which it is a party, (c) the validity or enforceability of
any of the Facility Documents, (d) the rights and remedies of Buyer or any Affiliate under any of the Facility Documents, (e) the timely payment of any amounts payable under the Facility Documents, or (f) the Asset Value of the
Purchased Mortgage Loans taken as a whole. 
 “Maturity Event” shall mean with respect to a Mortgage Loan, the earliest to
occur of: (a) the Mortgaged Property is sold or transferred; (b) the death of the last remaining Mortgagor; (c) the Mortgaged Property ceases to be the principal residence of a Mortgagor for reasons other than death and the Mortgaged
Property is not the principal residence of at least one other Mortgagor, together with the required FHA approval; (d) for a period of longer than twelve (12) consecutive months, a Mortgagor fails to occupy the Mortgaged Property because of
physical or mental illness and the Mortgaged Property is not the principal residence of at least one other Mortgagor, together with the required FHA approval; or (e) Mortgagor violates any other covenant of the Mortgage or Mortgage Note and is
unable (or refuses) to correct the violation, together with the required FHA approval. 

  
 -12- 

 “Maximum Purchase Amount” shall have the meaning specified in the Pricing
Letter. 
 “MERS” shall mean Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the
laws of the State of Delaware, or any successor thereto. 
 “MERS System” shall mean the system of recording transfers of
mortgages electronically maintained by MERS. 
 “Monthly Payment” shall mean the scheduled monthly payment of principal and
interest on a Mortgage Loan. 
 “Moody’s” shall mean Moody’s Investor’s Service, Inc. or any
successors thereto. 
 “Mortgage” shall mean each mortgage, assignment of rents, security agreement and fixture filing,
deed of trust, deed to secure debt, or similar instrument creating and evidencing a lien on real property and other property and rights incidental thereto, unless such Mortgage is granted in connection with a
Co-op Loan, in which case the first lien position is in the Co-op Shares of the subject Co-op Corporation and in the
tenant’s rights in the Proprietary Lease relating to such Co-op Shares. 
 “Mortgage
File” shall mean, with respect to a Mortgage Loan, the documents and instruments relating to such Mortgage Loan and set forth in the EverBank Warehouse Customer Guide and the Custodial Agreement. 

“Mortgage Interest Rate” shall mean the rate of interest borne on a Mortgage Loan from time to time in accordance with the
terms of the related Mortgage Note. 
 “Mortgage Loan” shall mean any first lien, one-to-four-family residential mortgage
loan evidenced by a Mortgage Note and secured by a Mortgage. 
 “Mortgage Loan Schedule” shall mean with respect to any
Transaction as of any date, a mortgage loan schedule in the form of a computer tape or other electronic medium generated by Seller and delivered to Buyer via the EverBank Warehouse Electronic System and to Custodian as specified in the Custodial
Agreement, which provides information (including, without limitation, the information required pursuant to the EverBank Warehouse Customer Guide) relating to the Purchased Mortgage Loans in a format required pursuant to the EverBank Warehouse
Customer Guide. 
 “Mortgage Note” shall mean the promissory note or other evidence of the indebtedness of a Mortgagor
secured by a Mortgage. 
 “Mortgaged Property” shall mean the real property securing repayment, or other Co-op Loan collateral, of the debt evidenced by a Mortgage Note. 
 “Mortgagor” shall
mean the obligor or obligors on a Mortgage Note, including any Person who has assumed or guaranteed the obligations of the obligor thereunder. 

“MSR Appraised Value” means, as of any date of determination, the fair market value of Seller’s Servicing Rights at such
time, calculated as a percentage (using the mid-point if expressed as a range) of the then unpaid principal balances of each category of Mortgage Loan then being serviced, as set

  
 -13- 

 
forth in a Servicing Rights Appraisal. For the avoidance of doubt, in order to take into account changes in the unpaid principal balances of Mortgage Loans from the date of a particular appraisal
to the date of any later determination of MSR Value for purposes of calculating Adjusted Tangible Net Worth at any time, the applicable value percentage shall be applied to the then (updated) unpaid principal balance of Mortgage Loans then included
in Seller’s capitalized Servicing Rights within each applicable category of Mortgage Loans of the date of such later determination of MSR Value. 

“MSR Value” shall mean, as of any date of determination, the lesser of (a) Seller’s capitalized Servicing Rights at
such time, and (b) as applicable, and with respect to the same Servicing Rights (i) the MSR Appraised Value, at such time, with respect to those Mortgage Loans then included in Seller’s capitalized Servicing Rights, or (ii) if
the applicable Servicing Rights Appraisal has not been timely delivered to Buyer, such amount as Buyer shall determine in its sole and absolute discretion, using such means of valuation as it deems appropriate under the circumstances. 

“Multiemployer Plan” shall mean, with respect to any Person, a “multiemployer plan” as defined in
Section 3(37) of ERISA which is or was at any time during the current year or the immediately preceding five years contributed to (or required to be contributed to) by such Person or any ERISA Affiliate thereof on behalf of its employees and
which is covered by Title IV of ERISA. 
 “Net Account Funded Amount” shall mean, for each Purchased Mortgage Loan, the
Initial Haircut Account Funded Amount minus the Haircut Amount withdrawn from the Haircut Account by Buyer plus all additional amounts received in the Haircut Account related to the applicable Purchased Mortgage Loan, including amounts
on account of Repurchase Price (including, without duplication, Excess Proceeds) minus any Shortfall Proceeds withdrawn by Buyer on account of the applicable Purchased Mortgage Loan, minus all Warehouse Fees withdrawn by Buyer on
account of the applicable Purchased Mortgage Loan minus any additional amounts withdrawn by Buyer as permitted under Section 9(e) or otherwise, and attributed (in the sole discretion of Buyer) to such Purchased Mortgage Loan. 

“Net Income” shall mean, for any Person for any period, the net income of such Person for such period as determined in
accordance with GAAP. 
 “Net Worth” shall mean, with respect to any Person, an amount equal to, on a consolidated basis,
such Person’s stockholder equity (determined in accordance with GAAP). 
 “Non-Excluded Taxes” shall
have the meaning set forth in Section 7(a) hereof. 
 “Obligations” shall mean: (a) any amounts owed by Seller to
Buyer in connection with a Transaction hereunder, together with interest thereon (including interest which would be payable as post-petition interest in connection with any bankruptcy or similar proceeding) and all other fees or expenses which are
payable hereunder or under any of the Facility Documents; and (b) all other obligations or amounts owed by Seller to Buyer or an Affiliate of Buyer under any other contract or agreement, in each case, whether such amounts or obligations owed
are direct or indirect, absolute or contingent, matured or unmatured. 
 “OFAC” shall have the meaning set forth in
Section 11(aa) hereof. 
 “Operating Cash Flow” shall mean for any Person, such Person’s EBITDA plus any non-cash expenses and cash from the sale of retained or acquired Servicing Rights (but only to the extent not already included in the calculation of EBITDA) less any non-cash
income. 
 “Other Taxes” shall have the meaning set forth in Section 7(b) hereof. 

  
 -14- 

 “PBGC” shall mean the Pension Benefit Guaranty Corporation or any entity
succeeding to any or all of its functions under ERISA. 
 “Pension Protection Act” shall mean the Pension Protection Act of
2006. 
 “Person” shall mean any individual, corporation, company, voluntary association, partnership, joint venture,
limited liability company, trust, unincorporated association or government (or any agency, instrumentality or political subdivision thereof). 

“Plan” shall mean, with respect to any Person, any employee benefit or similar plan that is or was at any time during the
current year or immediately preceding five years established, maintained or contributed to by such Person or any ERISA Affiliate thereof and that is covered by Title IV of ERISA, other than a Multiemployer Plan. 

“Pledge Instruments” shall mean the Assignment of Proprietary Lease and the stock power related to the Co-op Shares. 
 “Post-Default Rate” shall have the meaning specified in
the Pricing Letter. 
 “Power of Attorney” shall mean a Power of Attorney substantially in the form of Exhibit C
hereto. 
 “Price Differential” shall mean, with respect to any Transaction hereunder as of any date, the aggregate amount
obtained by daily application of the Pricing Rate (or, during the continuation of an Event of Default, by daily application of the Post-Default Rate) for such Transaction to the Purchase Price for such Transaction on a 360 day per year basis for the
actual number of days during the period commencing on (and including) the Purchase Date for such Transaction and ending on (but excluding) the Repurchase Date (reduced by any amount of such Price Differential previously paid by Seller to Buyer with
respect to such Transaction). 
 “Pricing Letter” shall mean that certain letter agreement between Buyer and Seller, dated
as of the date hereof, as the same may be amended from time to time. 
 “Pricing Rate” shall mean a rate per annum equal to
the sum of (a) the LIBOR Rate plus (b) the Pricing Spread. 
 “Pricing Spread” shall have the meaning specified
in the Pricing Letter. 
 “Prohibited Person” shall have the meaning set forth in Section 11(aa) hereof. 

“Property” shall mean any right or interest in or to property of any kind whatsoever, whether real, personal or mixed and
whether tangible or intangible. 
 “Property Value” shall mean, with respect to each Mortgage Loan, the value of the
related Mortgaged Property, as determined in accordance with FHA Regulations, provided that the Property Value shall not be greater than the Appraised Value of such Mortgaged Property. 

“Proprietary Lease” shall mean the lease of a Co-op Unit evidencing the possessory
interest of the owner of the Co-op Shares in such Co-op Unit. 

  
 -15- 

 “Purchase Date” shall mean the date on which Purchased Mortgage Loans are
transferred by Seller to Buyer or its designee. 
 “Purchase Price” shall have the meaning specified in the Pricing Letter.

 “Purchase Price Percentage” shall have the meaning specified in the Pricing Letter. 

“Purchased Mortgage Loan” shall mean each Mortgage Loan sold by Seller to Buyer in a Transaction, as reflected in the
EverBank Warehouse Electronic System and as evidenced by the Daily Activity Report, until repurchased by Seller in accordance with the terms hereof. 

“Qualified Insurer” shall mean a mortgage guaranty insurance company duly authorized and licensed where required by law to
transact mortgage guaranty insurance business and acceptable under the Underwriting Guidelines. 
 “Rating Agency” shall
mean any of S&P, Moody’s or Fitch. 
 “Recognition Agreement” shall mean an agreement among a Co-op Corporation, a lender, and a Mortgagor with respect to a Co-op Loan whereby such parties (i) acknowledge that such lender may make, or intends to make, such Co-op Loan, and (ii) make certain agreements with respect to such Co-op Loan. 

“Records” shall mean all instruments, agreements and other books, records, and reports and data generated by other media for
the storage of information maintained by Seller or any other person or entity with respect to a Mortgage Loan. Records shall include the Mortgage Notes, any Mortgages, the Mortgage Files, the credit files related to a Mortgage Loan and any other
instruments necessary to document or service a Mortgage Loan. 
 “Register” shall have the meaning set forth in
Section 19(b) hereof. 
 “Regulations T, U and X” shall mean Regulations T, U and X of the Board of Governors of the
Federal Reserve System (or any successor), as the same may be modified and supplemented and in effect from time to time. 

“Relative” shall have the meaning specified in the Pricing Letter. 

“Repair Set Aside Account” shall mean funds held by Seller with respect to a Mortgage Loan necessary for disbursement after
closing in order to pay for required repairs to the Mortgaged Property pursuant to the Requirements of Law, contractual obligations of either party (including those contained in this Agreement), or Takeout Investor or insurer requirements. 

“Reportable Event” shall mean any of the events set forth in Section 4043(c) of ERISA, other than those events as to
which the thirty day notice period is waived under subsections .21, .22, .24, .26, .27 or .28 of PBGC Reg. § 4043. 

“Repurchase Assets” shall have the meaning provided in Section 8(a) hereof. 

“Repurchase Date” shall mean the date on which Seller is to repurchase the Purchased Mortgage Loans, or any particular
Purchased Mortgage Loan, subject to a Transaction from Buyer, which shall be the earliest of (a) the date specified in the related Transaction Request, (b) the date specified pursuant to Section 3(d)(i), (c) a date no later than the
applicable Aging Limit, (d) one (1) Business Day after such Purchased Mortgage Loan is no longer an Eligible Mortgage Loan, (e) the Termination Date, or (f) any date determined by application of the provisions of Sections 3(d) or 14.

  
 -16- 

 “Repurchase Price” shall mean the price at which Purchased Mortgage Loans
are to be transferred from Buyer or its designee to Seller upon termination of a Transaction, which will be determined in each case as to any Purchased Mortgage Loan as the sum of (a) the Purchase Price for such Purchased Mortgage Loan as of
the date of such determination, plus (b) any accrued and unpaid Price Differential with respect to such Purchased Mortgage Loan as of the date of such determination, plus (c) any other accrued and unpaid fees, expenses, indemnities, and
other amounts then due and owing to Buyer with respect to such Purchased Mortgage Loan. 
 “Requirement of Law” shall mean
as to any Person, the certificate of incorporation and by-laws or other organizational or governing documents of such Person, and any law, treaty, rule, regulation, procedure or determination of an arbitrator
or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its Property is subject. 

“Responsible Officer” shall mean, as to Buyer and Seller, respectively, an officer or other authorized representative of such
Person listed on Schedule 3 to the Pricing Letter, as such Schedule 3 may be amended from time to time. 
 “Restricted
Cash” shall mean for any Person, any amount of cash or Cash Equivalents of such Person that is contractually required to be set aside, segregated or otherwise reserved. 

“S&P” shall mean Standard & Poor’s Ratings Services, or any successor thereto. 

“SEC” shall have the meaning set forth in Section 32 hereof. 

“Seller” is defined in the introductory paragraph of this Agreement, and includes any permitted successor in interest
thereto. 
 “Seller Party” shall mean Seller and any guarantor of the Obligation, and “Seller Parties”
shall mean such parties collectively. 
 “Servicer Notice” shall mean a notice acknowledged by each Subservicer, if any,
substantially in the form of Exhibit B hereto. 
 “Servicing Agreement” shall have the meaning set forth in
Section 16(c) hereof. 
 “Servicing Rights” shall mean the rights of any Person to administer, service or subservice
Mortgage Loans, to collect Income thereon, or to possess related Records. 
 “Servicing Rights Appraisal” shall mean a
written appraisal or evaluation by an Approved Servicing Appraiser evaluating the MSR Appraised Value of all of the Servicing Rights as of a date stated in the written report of such evaluation, each such evaluation and report to be made at
Seller’s expense, to be addressed to Buyer and to be in form and substance acceptable to Buyer in its sole and absolute discretion. 

“Settlement Agent” shall mean, with respect to any Transaction, the entity approved by Buyer, in its sole discretion, which
may be a title company, escrow company or attorney in accordance with local law and practice in the jurisdiction where the proceeds of the related Mortgage Loan are being disbursed. 

  
 -17- 

 “Shortfall Proceeds” shall mean the shortfall, if any, between the proceeds
received in the Inbound Account with respect to a purchase or repurchase of a Purchased Mortgage Loan and the Repurchase Price for such Purchased Mortgage Loan. 

“Single-Employer Plan” shall mean a single-employer plan as defined in Section 4001(a)(15) of ERISA which
is subject to the provisions of Title IV of ERISA. 
 “SIPA” shall have the meaning set forth in Section 32 hereof.

 “State Agency Program Loan” shall have the meaning specified in the Pricing Letter. 

“Subordinated Debt” means, Indebtedness of Seller (i) which is unsecured, (ii) no part of the principal of such
Indebtedness is required to be paid (whether by way of mandatory sinking fund, mandatory redemption, mandatory prepayment or otherwise) prior to the date which is one year following the Termination Date and (iii) the payment of the principal of
and interest on such Indebtedness and other obligations of Seller in respect of such Indebtedness is subordinated to the prior payment in full of the principal of and interest (including post-petition obligations) on the Transactions and all other
obligations and liabilities of Seller to Buyer hereunder on terms and conditions approved in writing by Buyer and all other terms and conditions of which are satisfactory in form and substance to Buyer in its sole and absolute discretion.
Subordinated Debt, if any, outstanding as of the Effective Date is as set forth on Schedule 6 to the Pricing Letter. 

“Subordination Agreement” shall mean an agreement among Buyer, Seller, and all applicable third parties which satisfies the
requirements of clause (iii) of the definition of “Subordinated Debt.” 
 “Subservicer” shall have the
meaning set forth in Section 16(c) hereof, and includes the permitted successors and assigns of each such Person, including any Successor Servicer. The Subservicer, if any, on the Effective Date is identified on Schedule 5 to the Pricing
Letter. 
 “Subsidiary” shall mean, with respect to any Person, any corporation, partnership or other entity of which at
least a majority of the securities or other ownership interests having by the terms thereof ordinary voting power to elect a majority of the board of directors or other persons performing similar functions of such corporation, partnership or other
entity (irrespective of whether or not at the time securities or other ownership interests of any other class or classes of such corporation, partnership or other entity shall have or might have voting power by reason of the happening of any
contingency) is at the time directly or indirectly owned or controlled by such Person or one or more Subsidiaries of such Person or by such Person and one or more Subsidiaries of such Person. 

“Successor Servicer” shall have the meaning set forth in Section 16(h) hereof. 

“Surplus Amount” shall have the meaning specified in the Pricing Letter. 

“Takeout Commitment” shall mean a commitment of Seller to sell one or more Mortgage Loans to a Takeout Investor, and the
corresponding Takeout Investor’s commitment back to Seller to effectuate the foregoing. 

  
 -18- 

 “Takeout Investor” shall mean any institution which has made a Takeout
Commitment and has been approved by Buyer, in its sole and absolute discretion. 
 “Takeout Investor Purchase Advice” shall
mean a summary of the purchase and sale of a Purchased Mortgage Loan to a Takeout Investor, which shall be in form and substance acceptable to Buyer and shall specify the proceeds to be paid by the Takeout Investor and shall direct such proceeds to
be paid into the Inbound Account. 
 “Taxes” shall have the meaning set forth in Section 7(a) hereof. 

“Termination Date” shall have the meaning specified in the Pricing Letter. 

“Test Date” shall have the meaning specified in the Pricing Letter. 

“Transaction” shall have the meaning set forth in Section 1. 

“Transaction Request” shall mean a request from Seller to Buyer to enter into a Transaction, which shall be submitted
electronically to Buyer through the EverBank Warehouse Electronic System in accordance with the EverBank Warehouse Customer Guide and to Custodian in accordance with the Custodial Agreement. 

“Transaction Term Limitation” shall have the meaning specified in the Pricing Letter. 

“Trust Receipt” shall have the meaning set forth in the Custodial Agreement. 

“Underwriting Guidelines” shall mean the standards, procedures and guidelines of the Seller for underwriting and acquiring
Mortgage Loans, which are set forth in the written policies and procedures of the Seller, as in effect from time to time, a copy of which shall have been provided to Buyer as required hereunder and such other guidelines as are identified and
approved in writing by Buyer. 
 “Uniform Commercial Code” shall mean the Uniform Commercial Code as in effect from time to
time in the State of New York; provided that if by reason of mandatory provisions of law, the perfection or the effect of perfection or nonperfection of the security interest in any Repurchase Assets or the continuation, renewal or enforcement
thereof is governed by the Uniform Commercial Code as in effect in a jurisdiction other than New York, “Uniform Commercial Code” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the
provisions hereof relating to such perfection or effect of perfection or nonperfection. 
 “USPAP Guidelines” shall mean
the Uniform Standards of Professional Appraisal Practice, as approved by the Appraisal Standards Board of The Appraisal Foundation, as revised, interpreted and amended from time to time. 

“VA” shall mean the Department of Veterans Affairs, or any successors thereto. 

“Warehouse Facility” shall mean any loan, repurchase or other arrangement for incurring Indebtedness secured by Seller’s
Mortgage Loans. 
 “Warehouse Fees” shall have the meaning specified in the Pricing Letter. 

“Wet Delivery Deadline” shall have the meaning specified in the Pricing Letter. 

  
 -19- 

 “Wet File” shall mean, with respect to a Wet Mortgage Loan, the documents
and instruments relating to such Mortgage Loan and set forth in the EverBank Warehouse Customer Guide for Wet Mortgage Loans. 

“Wet Mortgage Loan” shall mean an Eligible Mortgage Loan which Seller is selling to Buyer simultaneously with the origination
thereof and for which the Mortgage File has not been delivered to Custodian. 
  

	SECTION 3.	 INITIATION; TERMINATION 

(a)    Conditions Precedent to Initial Transaction. Buyer’s agreement to enter into the initial Transaction
hereunder is subject to the satisfaction, immediately prior to or concurrently with the making of such Transaction, of the condition precedent that Buyer shall have received from Seller any fees and expenses payable hereunder, and all of the
following documents, each of which shall be satisfactory to Buyer and its counsel in form and substance: 

(i)    The following Facility Documents, duly executed and delivered to Buyer: 

(A)    Agreement. This Agreement, duly executed by the parties thereto. 

(B)    Electronic Tracking Agreement. An Electronic Tracking Agreement entered into, duly executed
and delivered by the parties thereto, in full force and effect, free of any modification, breach or waiver. 

(C)    Pricing Letter. The Pricing Letter, duly executed by the parties thereto in form and
substance acceptable to Buyer. 
 (D)    Custodial Agreement. The Custodial Agreement, duly
executed by the parties thereto in form and substance acceptable to Buyer 
 (E)    Power of
Attorney. The Power of Attorney, duly executed and acknowledged by Seller. 
 (F)    Subordination
Agreements. Subordination Agreements with respect to any Existing Subordinated Debt. 

(G)    Intercreditor Agreement. Such intercreditor agreements as requested by Buyer, in form and
substance acceptable to Buyer. 
 (H)    Servicing Agreement(s). The Servicing Agreement(s)
(including the corresponding Servicer Notice) with respect to any current Subservicer, duly executed by the parties thereto. 

(ii)    Organizational Documents. A certificate of corporate or other applicable entity existence of
each Seller Party that is not an individual and certified copies of the charter and bylaws (or equivalent documents) of each such Seller Party and of all corporate or other applicable authority documents for each such Seller Party with respect to
the execution, delivery and performance of the Facility Documents and each other document to be delivered by each such Seller Party from time to time in connection herewith. 

  
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 (iii)    Good Standing Certificate. A certified
copy of a good standing certificate from the jurisdiction of organization of each Seller Party, dated as of no earlier than the date 10 Business Days prior to the Purchase Date with respect to the initial Transaction hereunder. 

(iv)    Incumbency Certificate. An incumbency certificate of the corporate secretary of each Seller
Party, certifying the names, true signatures and titles of the representatives duly authorized to request transactions hereunder and to execute the Facility Documents. 

(v)    Opinion of Counsel. An opinion of each Seller Party’s counsel, in form and substance
substantially as set forth in Exhibit A attached hereto. 
 (vi)    Security Interest.
Evidence that all other actions necessary or, in the opinion of Buyer, desirable to perfect and protect Buyer’s interest in the Purchased Mortgage Loans and other Repurchase Assets have been taken, including, without limitation, UCC searches
and duly authorized and filed Uniform Commercial Code financing statements on Form UCC-1. 

(vii)    Insurance. Evidence that Seller has added endorsements for theft of warehouse lender money
and collateral, naming Buyer as a loss payee under its Fidelity Insurance and as a direct loss payee/right of action under its errors and omissions insurance policy. 

(viii)    Fees. Payment of any fees and other costs and expenses due to Buyer hereunder and to
Custodian under the Custodial Agreement. 
 (ix)    Other Documents. Such other documents as Buyer
may reasonably request, in form and substance reasonably acceptable to Buyer. 
 (b)    Conditions Precedent to all
Transactions. Upon satisfaction of the conditions set forth in Section 3(a), Buyer may enter into a Transaction with Seller. Buyer’s entering into each Transaction (including the initial Transaction) is subject to the satisfaction of
the following further conditions precedent, both immediately prior to entering into such Transaction and also after giving effect thereto to the intended use thereof: 

(i)    Due Diligence Review. Without limiting the generality of Section 17 hereof, Buyer shall
have completed, to its satisfaction, its due diligence review of the related Mortgage Loans and Seller Parties. 

(ii)    No Default. No Default or Event of Default shall have occurred and be continuing under, and
such Transaction is in full compliance with all applicable terms and conditions of, the Facility Documents. 

(iii)    Representations and Warranties. Both immediately prior to the Transaction and also after
giving effect thereto and to the intended use thereof, the representations and warranties made by Seller in Section 11 hereof and by Seller Parties in any other Facility Document to which they respectively are a party, shall be true, correct
and complete on and as of such Purchase Date in all material respects with the same force and effect as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of
such specific date). 
 (iv)    Maximum Purchase Price. After giving effect to the requested
Transaction, the aggregate outstanding Purchase Price for all Purchased Mortgage Loans subject to then outstanding Transactions under this Agreement shall not exceed the Maximum Purchase Amount. 

  
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 (v)    No Margin Deficit. Both immediately prior
to, and after giving effect to, the requested Transaction, there shall be no Margin Deficit. 

(vi)    Transaction Request. Seller shall have delivered to Buyer, in accordance with the timeframes
and in the manner set forth in the EverBank Warehouse Customer Guide, and to Custodian, in accordance with the timeframes and in the manner set forth in the Custodial Agreement, (a) a Transaction Request and (b) a Mortgage Loan Schedule
with respect to all Mortgage Loans subject to the requested Transaction. 
 (vii)    Delivery of Wet
File and Mortgage File. Delivery of Mortgage File. Seller shall have delivered to Custodian, in accordance with the timeframes set forth in the Custodial Agreement, with respect to each Mortgage Loan subject to the requested Transaction
(a) which is not a Wet Loan, the Mortgage File with respect to each such Mortgage Loan and (b) with respect to each Wet Loan, (1) the Wet File with respect to each such Mortgage Loan and (2) on or prior to the Wet Delivery
Deadline, the Mortgage File. 
 (viii)    Delivery of Trust Receipt. Custodian shall have
delivered to Buyer, in accordance with the timeframes set forth in the Custodial Agreement, a Trust Receipt (accompanied by a Custodial Loan Transmission) with respect to each Mortgage Loan subject to the requested Transaction. 

(ix)    Fees and Expenses. Buyer shall have received all fees and expenses of counsel to Buyer as
contemplated by Sections 9 and 15(b), which amounts, at Buyer’s option, may be withheld from the proceeds remitted by Buyer to Seller pursuant to any Transaction hereunder. 

(x)    No Material Adverse Change. None of the following shall have occurred and/or be continuing:

 (A)    an event or events shall have occurred in the good faith determination of Buyer resulting in
the effective absence of a “repo market” or comparable “lending market” for financing debt obligations secured by securities or an event or events shall have occurred resulting in Buyer not being able to finance Purchased
Mortgage Loans through the “repo market” or “lending market” with traditional counterparties at rates which would have been reasonable prior to the occurrence of such event or events; or 

(B)    an event or events shall have occurred resulting in the effective absence of a “securities
market” for securities backed by mortgage loans or an event or events shall have occurred resulting in Buyer not being able to sell securities backed by mortgage loans at prices which would have been reasonable prior to such event or events; or

 (C)    there shall have occurred a material adverse change in the financial condition of Buyer which
affects (or can reasonably be expected to affect) materially and adversely the ability of Buyer to fund its obligations under this Agreement; or 

(D)    there shall have occurred (i) a material change in financial markets, an outbreak or escalation
of hostilities or a material change in national or international political, financial or economic conditions; (ii) a general suspension of trading on major stock exchanges; or (iii) a disruption in or moratorium on commercial banking
activities or securities settlement services. 

  
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 Each Transaction Request delivered by Seller hereunder shall constitute a certification by
Seller that all the conditions set forth in this Section 3(b) (other than clauses (i) and (x) hereof) have been satisfied (both as of the date of such notice or request and as of Purchase Date). 

(c)    Initiation. 

(i)    Seller shall deliver a Transaction Request to Buyer through the EverBank Warehouse Electronic System
as specified in the EverBank Warehouse Customer Guide and to Custodian as specified in the Custodial Agreement prior to entering into any Transaction. Such Transaction Request shall include all information required by Buyer pursuant to the EverBank
Warehouse Customer Guide and by Custodian pursuant to the Custodial Agreement. Following receipt of such request, Buyer may in its sole discretion agree to enter into such requested Transaction, in which case it will fund the Purchase Price therefor
as contemplated in this Agreement. Buyer’s funding the Purchase Price of the Transaction, and Seller’s acceptance thereof, will constitute the parties agreement to enter into such Transaction. Buyer shall confirm the terms of each
Transaction on the EverBank Warehouse Electronic System, including information that sets forth (A) the Purchase Date, (B) the Purchase Price, (C) the Repurchase Date, (D) the Pricing Rate applicable to the Transaction,
(E) the applicable Purchase Price Percentages, and (F) additional terms or conditions not inconsistent with this Agreement; provided that Buyer’s failure to enter the information into the EverBank Warehouse Electronic System shall not
affect the obligations of Seller with respect to such Transaction. This Agreement is not a commitment by Buyer to enter into Transactions with Seller but rather sets forth the procedures to be used in connection with periodic requests for Buyer
to enter into Transactions with Seller. Seller hereby acknowledges that Buyer is under no obligation to agree to enter into, or to enter into, any Transaction pursuant to this Agreement. 

(ii)    The information entered into the EverBank Warehouse Electronic System with respect to any
Transaction, together with this Agreement, shall be conclusive evidence of the terms of the Transaction(s) covered thereby unless objected to in writing by Seller no more than two (2) Business Days after the Purchase Date of the Transaction. An
objection sent by Seller must state specifically that such writing is an objection, must specify the provision(s) being objected to by Seller, must set forth such provision(s) in the manner that Seller believes they should be stated, and must be
received by Buyer no more than two (2) Business Days after the Purchase Date for the Transaction. Notwithstanding the foregoing, to the extent that Seller accepts funding of the Transaction, Seller shall be deemed to have consented to the terms
of the Transaction as set forth in the EverBank Warehouse Electronic System. All Transactions entered into on any Business Day shall be reflected in the Daily Activity Report on such Business Day. 

(iii)    Except as otherwise provided in the definition of Termination Date, the Repurchase Date for each
Transaction shall not be later than the Termination Date.. 
 (iv)    Subject to the terms and conditions
of this Agreement, prior to the Termination Date, Seller may sell, repurchase and resell Eligible Mortgage Loans hereunder. 

(v)    No later than the date and time set forth in the Custodial Agreement, Seller shall deliver to
Custodian (x) the Mortgage Loan File pertaining to each Eligible Mortgage Loan (other than Wet Mortgage Loans) to be purchased by Buyer, and (y) the Wet File for each Wet Mortgage Loan to be purchased by Buyer. 

(vi)    Upon Buyer’s receipt of the Trust Receipt (accompanied by a Custodial Loan Transmission) in
accordance with the Custodial Agreement and subject to the provisions of this 

  
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Section 3, the Purchase Price will then be made available to Seller by Buyer transferring, via wire transfer, in the aggregate amount of such Purchase Price in funds immediately available,
as provided in Section 9(b). 
 (vii)    In addition to the other payment and performance
obligations of the Seller Parties under this Agreement and the other Facility Documents, in the event that Buyer transfers any amounts for the purchase of a Mortgage Loan as provided herein, Seller Parties, jointly and severally, shall be fully,
absolutely, and unconditionally obligated and liable to repay to Buyer the full amount thereof if (x) on the related scheduled Purchase Date such Mortgage Loan does not close, or (y) such Mortgage Loan otherwise fails to become a Purchased
Mortgage Loan. Any amounts due pursuant to this Section 3(c)(vii) shall be payable on demand, and the unpaid amount thereof shall accrue interest at the Post-Default Rate from the date so transferred until paid in full. 

(d)    Repurchase; Purchase by a Takeout Investor. 

(i)    Seller may repurchase Purchased Mortgage Loans without penalty or premium on any date. Such
repurchase may occur simultaneously with a sale of the Purchased Mortgage Loan to a Takeout Investor. If Seller intends to make such a repurchase, Seller shall give written notice thereof to Buyer through the EverBank Warehouse Electronic System in
accordance with the EverBank Warehouse Customer Guide, and to Custodian in accordance with the Custodial Agreement, designating the Purchased Mortgage Loans to be repurchased and providing such other information required pursuant thereto, including,
without limitation, delivery of a Takeout Investor Purchase Advice to the extent that such Purchased Mortgage Loan shall be purchased by a Takeout Investor. If such notice is given, the amount specified in such notice shall be due and payable on the
date specified therein, and, on receipt, such amount shall be applied to the Repurchase Price for the designated Purchased Mortgage Loans. 

(ii)    On the Repurchase Date, termination of the Transaction will be effected by reassignment to Seller
or its designee of the Purchased Mortgage Loans (including the related Servicing Rights and any Income in respect thereof received by Buyer not previously credited or transferred to, or applied to the Obligations of, Seller) against the simultaneous
transfer of the Repurchase Price to an account of Buyer. Such obligation to repurchase exists without regard to any prior or intervening liquidation or foreclosure with respect to any Purchased Mortgage Loan (but liquidation or foreclosure proceeds
received by Buyer shall be applied to reduce the Repurchase Price for such Purchased Mortgage Loan except as otherwise provided herein). Seller shall comply with all of the provisions of the EverBank Warehouse Customer Guide and the Custodial
Agreement in order to effectuate a repurchase hereunder. Seller is obligated to obtain the Mortgage Files from Buyer or its designee at Seller’s expense on the Repurchase Date. All repurchases effected on any Business Day shall be reflected in
the Daily Activity Report for such Business Day. 
  

	SECTION 4.	 MARGIN AMOUNT MAINTENANCE 

(a)    Buyer shall determine the Asset Value of each Purchased Mortgage Loan at such intervals as determined by Buyer in
its sole discretion. 
 (b)    If at any time the Asset Value of any Purchased Mortgage Loans subject to a Transaction
is less than the Purchase Price for such Transaction, or any applicable Concentration Limit has been exceeded (a “Margin Deficit”), then Buyer may by notice to Seller (as such notice is more particularly set forth below, a
“Margin Call”), require Seller to transfer to Buyer or its designee cash so that, as applicable, (i) the Asset Value of the Purchased Mortgage Loans will thereupon equal or exceed the Purchase Price for such Transaction, and
(ii) no Concentration Limit will be exceeded. 

  
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 (c)    Notice delivered pursuant to Section 4(b) may be given by
any written or electronic means. Any notice given before 10:00 a.m. (New York City time) on a Business Day shall be met, and the related Margin Call satisfied, no later than 5:00 p.m. (New York City time) on such Business Day; notice given after
10:00 a.m. (New York City time) on a Business Day shall be met, and the related Margin Call satisfied, no later than 5:00 p.m. (New York City time) on the following Business Day (the foregoing time requirements for satisfaction of a Margin Call are
referred to as the “Margin Deadlines”). 
 (d)    The failure of Buyer, on any one or more occasions,
to exercise its rights hereunder, shall not change or alter the terms and conditions to which this Agreement is subject or limit the right of Buyer to do so at a later date. Seller and Buyer each agree that a failure or delay by Buyer to exercise
its rights hereunder shall not limit or waive Buyer’s rights under this Agreement or otherwise existing by law or in any way create additional rights for Seller. 

(e)    Any cash transferred to Buyer pursuant to Section 4(b) above shall be credited to the Repurchase Price of the
related Transactions. 
  

	SECTION 5.	 COLLECTIONS; INCOME PAYMENTS 

(a)    All Income, and all rights to Income, of, on, or otherwise with respect to all Purchased Mortgage Loans is the sole
and exclusive property of Buyer as the owner thereof, pending repurchase on the related Purchased Date. Notwithstanding the foregoing, and provided no Default has occurred and is continuing, Buyer agrees that Seller shall be entitled to receive,
solely from such Income, an amount equal to all Income received in respect of the Purchased Assets; provided, however, that any Income received by or on behalf of Seller while the related Transaction is outstanding shall be deemed held by Seller
solely in trust for Buyer pending the repurchase on the related Repurchase Date. 
 (b)    In the event that a Default
has occurred and is continuing, notwithstanding any provision set forth herein, Seller shall remit to Buyer, by wire transfer in accordance with wire transfer instructions previously given to Seller by Buyer, all Income received with respect to each
Purchased Mortgage Loan on such date or dates as Buyer notifies Seller in writing. 
 (c)    All amounts required to be
paid or remitted by Seller to Buyer which are not made when due shall bear interest from the due date until the remittance, transfer or payment is made, payable by Seller, at the lesser of the Post-Default Rate or the maximum rate of interest
permitted by law. If there is no maximum rate of interest specified by applicable law, interest on such sums shall accrue at the Post-Default Rate. 
  

	SECTION 6.	 REQUIREMENTS OF LAW 

(a)    If any Requirement of Law (other than with respect to any amendment made to Buyer’s certificate of
incorporation and bylaws or other organizational or governing documents) or any change in the interpretation or application thereof or compliance by Buyer with any request or directive (whether or not having the force of law) from any central bank
or other Governmental Authority made subsequent to the date hereof: 
 (i)    shall subject Buyer to any
Tax or increased Tax of any kind whatsoever with respect to this Agreement or any Transaction or change the basis of taxation of payments to Buyer in respect thereof; 

  
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 (ii)    shall impose, modify or hold applicable any
reserve, special deposit, compulsory loan or similar requirement against assets held by, deposits or other liabilities in or for the account of, advances, or other extensions of credit by, or any other acquisition of funds by, any office of Buyer
which is not otherwise included in the determination of the LIBOR Rate hereunder; or 
 (iii)    shall
impose on Buyer any other condition; 
 and the result of any of the foregoing is to increase the cost to Buyer, by an amount which Buyer deems to be
material, of entering, continuing or maintaining any Transaction or to reduce any amount due or owing hereunder in respect thereof, then, in any such case, Seller shall promptly pay Buyer such additional amount or amounts as calculated by Buyer in
good faith as will compensate Buyer for such increased cost or reduced amount receivable. 
 (b)    If Buyer shall have
determined that the adoption of or any change in any Requirement of Law (other than with respect to any amendment made to Buyer’s certificate of incorporation and bylaws or other organizational or governing documents) regarding capital adequacy
or in the interpretation or application thereof or compliance by Buyer or any corporation controlling Buyer with any request or directive regarding capital adequacy (whether or not having the force of law) from any Governmental Authority made
subsequent to the date hereof shall have the effect of reducing the rate of return on Buyer’s or such corporation’s capital as a consequence of its obligations hereunder to a level below that which Buyer or such corporation could have
achieved but for such adoption, change or compliance (taking into consideration Buyer’s or such corporation’s policies with respect to capital adequacy) by an amount deemed by Buyer to be material, then from time to time, Seller shall
promptly pay to Buyer such additional amount or amounts as will compensate Buyer for such reduction. 
 (c)    If Buyer
becomes entitled to claim any additional amounts pursuant to this Section, it shall promptly notify Seller of the event by reason of which it has become so entitled. A certificate as to any additional amounts payable pursuant to this Section
submitted by Buyer to Seller shall be conclusive in the absence of manifest error. 
  

	SECTION 7.	 TAXES 

(a)    Any and all payments by Seller under or in respect of this Agreement or any other Facility Documents to which Seller
is a party shall be made free and clear of, and without deduction or withholding for or on account of, any and all present or future taxes, levies, imposts, deductions, charges or withholdings, and all liabilities (including penalties, interest and
additions to tax) with respect thereto, whether now or hereafter imposed, levied, collected, withheld or assessed by any taxation authority or other Governmental Authority (collectively, “Taxes”), unless required by law. If Seller
shall be required under any applicable Requirement of Law to deduct or withhold any Taxes from or in respect of any sum payable under or in respect of this Agreement or any of the other Facility Documents to Buyer, (i) Seller shall make all
such deductions and withholdings in respect of Taxes, (ii) Seller shall pay the full amount deducted or withheld in respect of Taxes to the relevant taxation authority or other Governmental Authority in accordance with any applicable
Requirement of Law, and (iii) the sum payable by Seller shall be increased as may be necessary so that after Seller has made all required deductions and withholdings (including deductions and withholdings applicable to additional amounts
payable under this Section 7) Buyer receives an amount equal to the sum it would have received had no such deductions or withholdings been made in respect of Non-Excluded Taxes. For purposes of this
Agreement the term “Non-Excluded Taxes” are Taxes other than, in the case of Buyer, Taxes that are imposed on its overall Net Income (and franchise taxes imposed in lieu thereof) by the
jurisdiction under the laws of which Buyer is organized or of its applicable lending office, or any political subdivision thereof, unless such Taxes are imposed as a result of Buyer having executed, delivered or performed its obligations or received
payments under, or enforced, this Agreement or any of the other Facility Documents (in which case such Taxes will be treated as Non-Excluded Taxes). 

  
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 (b)    In addition, Seller hereby agrees to pay any present or future
stamp, recording, documentary, excise, property or value-added taxes, or similar taxes, charges or levies that arise from any payment made under or in respect of this Agreement or any other Facility Document or from the execution, delivery or
registration of, any performance under, or otherwise with respect to, this Agreement or any other Facility Document (collectively, “Other Taxes”). 

(c)    Seller hereby agrees to indemnify Buyer for, and to hold it harmless against, the full amount of Non-Excluded Taxes and Other Taxes, and the full amount of Taxes of any kind imposed by any jurisdiction on amounts payable under this Section 7 imposed on or paid by Buyer and any liability (including
penalties, additions to tax, interest and expenses) arising therefrom or with respect thereto. The indemnity by Seller provided for in this Section 7(c) shall apply and be made whether or not the
Non-Excluded Taxes or Other Taxes for which indemnification hereunder is sought have been correctly or legally asserted. Amounts payable by Seller under the indemnity set forth in this Section 7(c) shall
be paid within ten (10) days from the date on which Buyer makes written demand therefor. 
 (d)    Within thirty
(30) days after the date of any payment of Taxes, Seller (or any Person making such payment on behalf of Seller) shall furnish to Buyer for its own account a certified copy of the original official receipt evidencing payment thereof. 

(e)    Without prejudice to the survival of any other agreement of Seller hereunder, the agreements and obligations of
Seller contained in this Section 7 shall survive the termination of this Agreement. Nothing contained in this Section 7 shall require Buyer to make available any of its tax returns or any other information that it deems to be confidential
or proprietary. 
 (f)    Each party to this Agreement acknowledges that it is its intent for purposes of U.S. federal,
state and local income and franchise taxes, to treat the Transaction as indebtedness of Seller that is secured by the Purchased Mortgage Loans and the Purchased Mortgage Loans as owned by Seller for federal income tax purposes in the absence of a
Default by Seller. All parties to this Agreement agree to such treatment and agree to take no action inconsistent with this treatment, unless required by law. 
  

	SECTION 8.	 SECURITY INTEREST; BUYER’S APPOINTMENT AS ATTORNEY-IN-FACT

 (a)    Security Interest. On each Purchase Date, Seller hereby sells, assigns and conveys
all rights, title, and interests in, to, and under the Purchased Mortgage Loans identified on the related Mortgage Loan Schedule or as to which Buyer otherwise pays the Purchase Price as provided herein, including the related Mortgage File and
Servicing Rights and all Income therefrom. Although the parties intend that all Transactions hereunder be sales and purchases and not loans, in the event any such Transactions are deemed to be loans, and, in any event, as security for the
performance by Seller of its Obligations, Seller hereby pledges to Buyer and hereby grants, assigns and pledges to Buyer a fully perfected first priority security interest in all of the Seller’s right, title, and interest in, to, and under the
following, in all instances whether now owned or hereafter acquired, now existing or hereafter created and wherever located (collectively, the “Repurchase Assets”): 

(i)    the Purchased Mortgage Loans; 

(ii)    the Mortgage File and Records related to the Purchased Mortgage Loans; 

(iii)    all Servicing Rights related to the Purchased Mortgage Loans; 

  
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 (iv)    the Facility Documents (to the extent such
Facility Documents and Seller’s rights thereunder relate to the Purchased Mortgage Loans); 

(v)    any Property relating to any Purchased Mortgage Loan or the related Mortgaged Property; 

(vi)    any Takeout Commitments relating to any Purchased Mortgage Loan; 

(vii)    any Closing Protection Letter relating to any Purchased Mortgage Loan; 

(viii)    all insurance policies and insurance proceeds relating to any Purchased Mortgage Loan or the
related Mortgaged Property, including, but not limited to, any payments or proceeds under any related primary insurance or hazard insurance; 

(ix)    all Income relating to any Purchased Mortgage Loan; 

(x)    the Inbound Account; 

(xi)    the Haircut Account; 

(xii)    any Hedge Agreements relating to any Purchased Mortgage Loan; 

(xiii)    any other contract rights, deposit accounts (including any interest of Seller in escrow
accounts), payments, rights to payment (including payments of interest or finance charges), and general intangibles to the extent that any of the foregoing relates to any Purchased Mortgage Loan, 

(xiv)    any other assets relating to the Purchased Mortgage Loans (including, without limitation, any
other deposit accounts) or any interest in the Purchased Mortgage Loans; 
 (xv)    all collateral under
any other secured debt facility (including, without limitation, any facility documented as a repurchase agreement or similar purchase and sale agreement) between Seller or its Affiliates on the one hand and Buyer or Buyer’s Affiliates on the
other; 
 (xvi)    any and all replacements or substitutions for, proceeds (including the related
securitization proceeds) of, and distributions on or with respect to any of the foregoing; and 

(xvii)    any other property, rights, title or interests as are specified on a Mortgage Loan Schedule
and/or Transaction Request and/or in the EverBank Warehouse Electronic System. 
 Seller acknowledges that it has no rights to service the
Purchased Mortgage Loans. Without limiting the generality of the foregoing and in the event that Seller is deemed to retain any residual Servicing Rights, and for the avoidance of doubt, Seller grants, assigns and pledges to Buyer a security
interest in the Servicing Rights and proceeds related thereto and in all instances, whether now owned or hereafter acquired, now existing or hereafter created. The foregoing provision is intended to constitute a security agreement or other
arrangement or other credit enhancement related to the Agreement and Transactions hereunder as defined under Sections 101(47)(v) and 741(7)(x) of the Bankruptcy Code. 

Seller hereby authorizes Buyer to file such financing statement or statements relating to the Repurchase Assets and the Servicing Rights as
Buyer, at its option, may deem appropriate, without the signature of Seller thereon. Seller shall pay the filing costs for any financing statement or statements prepared pursuant to this Section 8. 

  
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 (b)    Buyer’s Appointment as Attorney in
Fact. Seller hereby irrevocably constitutes and appoints Buyer and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of Seller
and in the name of Seller or in its own name, from time to time in Buyer’s discretion, for the purpose of carrying out the terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments
which may be reasonably necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, Seller hereby gives Buyer the power and right, on behalf of Seller, without assent by, but with
notice to, Seller, if an Event of Default shall have occurred and be continuing, to do the following: 

(i)    in the name of Seller, or in its own name, or otherwise, to take possession of and endorse and
collect any checks, drafts, notes, acceptances or other instruments for the payment of moneys due with respect to any other Repurchase Assets and to file any claim or to take any other action or proceeding in any court of law or equity or otherwise
deemed appropriate by Buyer for the purpose of collecting any and all such moneys due with respect to any other Repurchase Assets whenever payable; 

(ii)    to pay or discharge taxes and Liens levied or placed on or threatened against the Repurchase
Assets; 
 (iii)    (A) to direct any party liable for any payment under any Repurchase Assets to make
payment of any and all moneys due or to become due thereunder directly to Buyer or as Buyer shall direct; (B) to ask or demand for, collect, receive payment of and receipt for, any and all moneys, claims and other amounts due or to become due
at any time in respect of or arising out of any Repurchase Assets; (C) to sign and endorse any invoices, assignments, verifications, notices and other documents in connection with any Repurchase Assets; (D) to commence and prosecute any
suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect the Repurchase Assets or any proceeds thereof and to enforce any other right in respect of any Repurchase Assets; (E) to defend any suit, action
or proceeding brought against Seller with respect to any Repurchase Assets; (F) to settle, compromise or adjust any suit, action or proceeding described in clause (E) above and, in connection therewith, to give such discharges or releases
as Buyer may deem appropriate; and (G) generally, to sell, transfer, pledge and make any agreement with respect to or otherwise deal with any Repurchase Assets as fully and completely as though Buyer were the absolute owner thereof for all
purposes, and to do, at Buyer’s option and Seller’s expense, at any time, and from time to time, all acts and things which Buyer deems necessary to protect, preserve or realize upon the Repurchase Assets and Buyer’s Liens thereon and
to effect the intent of this Agreement, all as fully and effectively as Seller might do; 
 (iv)    for
the purpose of carrying out the transfer of servicing with respect to the Mortgage Loans from Seller to a successor servicer appointed by Buyer in its sole discretion and to take any and all appropriate action and to execute any and all documents
and instruments which may be necessary or desirable to accomplish such transfer of servicing, and, without limiting the generality of the foregoing, Seller hereby gives Buyer the power and right, on behalf of Seller, without assent by Seller, to, in
the name of Seller or its own name, or otherwise, prepare and send or cause to be sent “good-bye” letters to all mortgagors under the Mortgage Loans, transferring the servicing of the Mortgage Loans
to a successor servicer appointed by Buyer in its sole discretion; 

  
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 (v)    for the purpose of delivering any notices of sale
to Mortgagors or other third parties, including without limitation, those required by law. 
 Seller hereby ratifies all that said attorneys
shall lawfully do or cause to be done by virtue hereof. This power of attorney is a power coupled with an interest and shall be irrevocable. In addition to the foregoing, Seller agrees to execute a Power of Attorney to be delivered on the date
hereof. 
 Seller also authorizes Buyer, if an Event of Default shall have occurred, from time to time, to execute, in connection with any
sale provided for in Section 14 hereof, any endorsements, assignments or other instruments of conveyance or transfer with respect to the Repurchase Assets. 

The powers conferred on Buyer hereunder are solely to protect Buyer’s interests in the Repurchase Assets and shall not impose any duty
upon it to exercise any such powers. Buyer shall be accountable only for amounts that it actually receives as a result of the exercise of such powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to
Seller for any act or failure to act hereunder, except for its or their own gross negligence or willful misconduct. 
 Upon an Event of
Default, Buyer shall be entitled to all remedies available to a secured creditor under the Uniform Commercial Code and shall have the right to apply the Repurchase Assets or any proceeds therefrom to all Obligations. 

 

	SECTION 9.	 PAYMENT, TRANSFER; ACCOUNTS AND CUSTODY 

(a)    Buyer’s Account. Unless otherwise mutually agreed in writing, all transfers of funds to be
made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set off or counterclaim, to Buyer at the account maintained and indicated by Buyer not later than 3:00 p.m. New York City time, on the date on
which such payment shall become due (and each such payment made after such time shall be deemed to have been made on the next succeeding Business Day). Seller acknowledges that it has no rights of withdrawal from the foregoing account. 

(b)    Remittance of Purchase Price. On the Purchase Date for each Transaction, ownership of the Purchased Mortgage
Loans shall be transferred to Buyer or its designee against the simultaneous transfer of the Purchase Price to the applicable Settlement Agent. With respect to the Purchased Mortgage Loans being sold by Seller on a Purchase Date, Seller hereby
sells, transfers, conveys and assigns to Buyer or its designee without recourse, but subject to the terms of this Agreement, all of the right, title and interest of Seller in and to the Purchased Mortgage Loans, including the related Mortgage File
and Servicing Rights and all Income thereon, and all right, title, and interest of Seller in and to the proceeds of any related Repurchase Assets. Buyer may confirm that the Initial Haircut Account Funded Amount has been deposited into the Haircut
Account prior to its remittance of any amounts in accordance herewith. Subject to Buyer’s verification of necessary cleared funds in the Haircut Account, Buyer shall remit to the Settlement Agent the full amount of the outstanding principal
balance of such Purchased Mortgage Loan and shall withdraw and retain from the Haircut Account, the Haircut Amount. 

(c)    Reserved. 

(d)    Inbound Account. Seller shall establish and maintain an Inbound Account identified in the
Pricing Letter, in the form of a deposit account. The Inbound Account shall be established with EverBank. Buyer shall have exclusive withdrawal rights from such Inbound Account. Funds deposited in the Inbound Account may be transferred as set forth
herein. Any interest or other earnings on the investment of funds held in the Inbound Account shall be deposited in the Inbound Account, subject to withdrawal pursuant hereto. All amounts on deposit in the Inbound Account shall be held as cash

  
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margin and collateral for all Obligations under this Agreement (such amount, to the extent not applied to Obligations under the Agreement, the “Repurchase Proceeds”). In
connection with any repurchase or purchase by a Takeout Investor of a Purchased Mortgage Loan, Seller shall direct remittance of the proceeds therefor into the Inbound Account. Seller shall be required to comply with all requirements in connection
with any repurchase and remittance into the Inbound Account. Upon receipt of any Repurchase Proceeds in the Inbound Account, Buyer shall apply such Repurchase Proceeds to the Repurchase Price for the related Purchased Mortgage Loans. Any Repurchase
Proceeds in excess of the Repurchase Price for the related Purchased Mortgage Loans shall be remitted to the Haircut Account, for application as contemplated pursuant to Section 9(e). Without limiting the generality of the foregoing, in the
event that a Margin Call or other Default exists, Buyer shall be entitled to use any or all of the Repurchase Proceeds to cure such circumstance or otherwise exercise remedies available to Buyer without prior notice to, or consent from, Seller. 

(e)    Haircut Account. Seller shall establish and maintain a Haircut Account identified in the Pricing Letter, in
the form of a deposit account. The Haircut Account shall be established with EverBank. Buyer shall have exclusive withdrawal rights from such Haircut Account. Any interest or other earnings on the investment of funds held in the Haircut Account
shall be deposited in the Haircut Account, subject to withdrawal pursuant hereto. Buyer is hereby authorized and instructed by Seller to withdraw from the Haircut Account any and all amounts contemplated herein. On each Purchase Date, Seller shall
deposit the Initial Haircut Account Funded Amount into the Haircut Account. Upon purchase by Buyer of the related Purchased Mortgage Loan, Buyer shall withdraw the Haircut Amount to reimburse itself for the difference between the actual amount
remitted by Buyer on the Purchase Date on account of the Purchased Mortgage Loan and the Purchase Price for such Purchased Mortgage Loan. Upon repurchase by Seller, or purchase by a Takeout Investor, of any Purchased Mortgage Loan, if there remain
on deposit in the Inbound Account Excess Proceeds with respect to such Mortgage Loan, then Buyer shall remit the Excess Proceeds to the Haircut Account and such Excess Proceeds shall be added to the Net Account Funded Amount for such Mortgage Loan.
Upon repurchase by Seller, or purchase by a Takeout Investor, of any Purchased Mortgage Loan, if there exists in the Inbound Account Shortfall Proceeds with respect to such Mortgage Loan, then Buyer may withdraw from the Haircut Account the amount
of any Shortfall Proceeds and such amount shall be deducted from the Net Account Funded Amount. In addition to the foregoing, Buyer shall be entitled to deduct and withdraw from the Haircut Account all Warehouse Fees. To the extent that, following
application of all deposits and withdrawals as contemplated herein with respect to a Purchased Mortgage Loan that is repurchased by Seller or purchased by a Takeout Investor, (i) the Net Account Funded Amount for any such Mortgage Loan is a
positive number, then such Net Account Funded Amount for such Mortgage Loan shall, subject to this section, be available for remittance to Seller upon written request therefor; and (ii) the Net Account Funded Amount for any such repurchased
Mortgage Loan is a negative number, then Seller shall promptly remit to Buyer the amount of such Net Account Funded Amount for such Mortgage Loan. Without limiting the foregoing, to the extent that the Net Account Funded Amount for any repurchased
Mortgage Loan is a negative number, Buyer shall be entitled to withdraw, retain and apply any amounts on deposit in the Haircut Account up to the amount of such negative Net Account Funded Amount. To the extent that the aggregate Net Account Funded
Amounts (net of any amounts withdrawn as contemplated herein) for all repurchased Mortgage Loans exceeds the Surplus Amount, then Seller may, no more than once per Business Day, deliver a written request prior to 2:00 p.m. (New York Time) for Buyer
to remit any amount in excess of the Surplus Amount to Seller. To the extent that there exists no Default, Buyer shall, upon receipt of such written request, remit any such amount in excess of the Surplus Amount to Seller. Any interest or other
earnings on the investment of funds deposited in the Haircut Account shall be deposited in the Haircut Account, subject to withdrawal pursuant hereto. Without limiting the generality of the foregoing, in the event that a Margin Call or other Default
exists, Buyer shall be entitled to use any or all of the amounts on deposit in the Haircut Account to cure such circumstance or otherwise exercise remedies available to Buyer without prior notice to, or consent from, Seller. 

  
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 (f)    Fees. Seller shall pay in immediately available funds to
Buyer and Custodian all fees, including without limitation, the Warehouse Fees, as and when required hereunder and under the Custodial Agreement. All such payments shall be made in Dollars, in immediately available funds, without deduction, set-off or counterclaim, to Buyer at such account designated by Buyer. Without limiting the generality of the foregoing or any other provision of this Agreement, Buyer may withdraw and retain from the Haircut
Account any Warehouse Fees due and owing to Buyer. 
  

	SECTION 10.	 DELIVERY OF DOCUMENTS 

(a)    Custody of Mortgage Files. In connection with the sale, transfer, conveyance and assignment of Purchased
Mortgage Loans, on or prior to each Purchase Date, Seller shall deliver or cause to be delivered and released to Custodian, as custodian for Buyer, the Mortgage File or Wet File, as applicable for the related Purchased Mortgage Loans. 

Seller shall be solely responsible for providing each and every document required for each Mortgage File to Custodian in a timely manner and
for completing or correcting any missing, incomplete or inconsistent documents, and neither Custodian nor Buyer shall be responsible or liable for taking any such action, causing Seller or any other person or entity to do so or notifying any Person
that any such action has or has not been taken. 
 (b)    Release of Mortgage Files. From time to time as
appropriate for the sale or repurchase of any of the Purchased Mortgage Loans, provided that no Default or Event of Default shall have occurred and be continuing, Buyer shall, upon receipt of a request for release through the EverBank Warehouse
Electronic System and compliance with the requirements of the EverBank Warehouse Customer Guide and the Custodial Agreement, release or cause Custodian to release to Seller the related Mortgage File or the documents of the related Mortgage File set
forth in such request for release. All Mortgage Files or documents from Mortgage Files so released to Seller shall be held by Seller in trust for the benefit of Buyer. 

In connection with the payment in full, sale or repurchase of any Mortgage Loan, and upon receipt by Buyer of such information through the
EverBank Warehouse Electronic System, and subject to Buyer receiving all amounts due on account of the Repurchase Price hereunder, and there existing no Default or Event of Default, Buyer shall promptly release or cause the Custodian to release the
related Mortgage File to Seller. 
 (c)    Purchase By Takeout Investor. Seller shall provide to Buyer a
completed request for release of documents with respect to the related Mortgage Loans to be purchased by a Takeout Investor through the EverBank Warehouse Electronic System and as otherwise required by the Custodian and shall comply with all other
requirements set forth in the EverBank Warehouse Customer Guide and the Custodial Agreement. The Mortgage Files relating to the Mortgage Loans included in a request for release shall be sent for delivery by Custodian to the applicable Takeout
Investor specified by Seller to Buyer in the EverBank Warehouse Electronic System and to Custodian as required by the Custodial Agreement; provided that such Mortgage File shall be accompanied by a fully completed Bailee Letter. Buyer shall not
instruct Custodian to deliver or approve the delivery of any Mortgage File to any potential Takeout Investor unless such Takeout Investor was identified by Seller to Buyer in the EverBank Warehouse Electronic System. 

In the event that a Takeout Investor rejects a Mortgage Loan for purchase pursuant to a Takeout Commitment for any reason whatsoever, Seller
shall promptly notify Buyer via the EverBank Warehouse Electronic System upon receipt of notification from the Takeout Investor. 

  
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 (d)    Written Instructions as to the method of shipment and shipper(s)
that Custodian is directed to utilize in connection with transmission of Mortgage Files shall be delivered by Seller to Custodian and Buyer as required by the Custodial Agreement. 

 

	SECTION 11.	 REPRESENTATIONS 

Seller represents and warrants to Buyer that as of the Purchase Date for any Purchased Mortgage Loans by Buyer from Seller and as of the date
of this Agreement and any Transaction hereunder and at all times while the Facility Documents are in full force and effect and/or any Transaction hereunder is outstanding: 

(a)    Acting as Principal. Seller will engage in such Transactions as principal (or, if agreed in writing in
advance of any Transaction by the other party hereto, as agent for a disclosed principal). 
 (b)    No Broker.
Seller has not dealt with any broker, investment banker, agent, or other person, except for Buyer, who may be entitled to any commission or compensation based on or arising from the sale of Purchased Mortgage Loans by Seller to Buyer pursuant to
this Agreement. The foregoing representation and warranty does not relate to third party mortgage brokers to whom compensation may be payable by Seller for the origination of a Purchased Mortgage Loan, such payments being the sole responsibility of
Seller. 
 (c)    Financial Statements. The Financial Reporting Party has heretofore furnished to Buyer a copy of
its (a) consolidated balance sheet and the consolidated balance sheets of its consolidated Subsidiaries for the fiscal year ended the Annual Financial Statement Date and the related consolidated statements of income and retained earnings and of
cash flows for the Financial Reporting Party and its consolidated Subsidiaries for such fiscal year, setting forth in each case in comparative form the figures for the previous year, with the opinion thereon of an Approved CPA and
(b) consolidated balance sheet and the consolidated balance sheets of its consolidated Subsidiaries for each of the monthly period(s) of the Financial Reporting Party up until Monthly Financial Statement Date, and the related consolidated
statements of income and retained earnings and of cash flows for the Financial Reporting Party and its consolidated Subsidiaries for such monthly period(s), setting forth in each case in comparative form the figures for the previous year. All such
Financial Statements are complete and correct and fairly present, in all material respects, the consolidated financial condition of the Financial Reporting Party and its Subsidiaries and the consolidated results of their operations as at such dates
and for such monthly periods, all in accordance with GAAP applied on a consistent basis. Since the Annual Financial Statement Date, there has been no material adverse change in the consolidated business, operations or financial condition of the
Financial Reporting Party and its consolidated Subsidiaries taken as a whole from that set forth in said Financial Statements nor is Seller aware of any state of facts which (without notice or the lapse of time) would or could result in any such
material adverse change or could have a Material Adverse Effect. The Financial Reporting Party does not have, on the Annual Financial Statement Date, any liabilities, direct or indirect, fixed or contingent, matured or unmatured, known or unknown,
or liabilities for taxes, long-term leases or unusual forward or long-term commitments not disclosed by, or reserved against in, said balance sheet and related statements, and at the present time there are no material unrealized or anticipated
losses from any loans, advances or other commitments of the Financial Reporting Party except as heretofore disclosed to Buyer in writing. 

(d)    Organization, Etc. Seller (i) is duly organized, validly existing and in good standing under the laws
of the jurisdiction of its organization, (ii) has all requisite corporate or other power, and has all governmental licenses, authorizations, consents and approvals necessary to own its assets and carry on its business as now being or as
proposed to be conducted, except where the lack of such licenses, 

  
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authorizations, consents and approvals would not be reasonably likely to have a Material Adverse Effect; (iii) is qualified to do business and is in good standing in all other jurisdictions
in which the nature of the business conducted by it makes such qualification necessary, except where failure so to qualify would not be reasonably likely (either individually or in the aggregate) to have a Material Adverse Effect; and (iv) has
full power and authority to execute, deliver and perform its obligations under the Facility Documents. Schedule 4 to the Pricing Letter lists all holders of stock of and other equity interests in each Seller Party which is not an individual, and the
amounts and types of shares held by each of them. Except as set forth on Schedule 4 to the Pricing Letter, there are no agreements of any kind relating to the issuance of any shares of any Seller Party which is not an individual, or any convertible
or exchangeable securities or any options, warrants or other rights relating to the stock of or other equity interests in any such Seller Party. 

(e)    Authorization, Compliance, Approvals. The execution and delivery of, and the performance by Seller of its
obligations under, the Facility Documents to which it is a party (a) are within Seller’s powers, (b) have been duly authorized by all requisite action, (c) do not violate any provision of any applicable Requirement of Law, rule
or regulation, or any order, writ, injunction or decree of any court or other Governmental Authority, or its organizational documents, (d) do not violate any indenture, agreement, document or instrument to which Seller or any of its
Subsidiaries is a party, or by which any of them or any of their properties, any of the Repurchase Assets is bound or to which any of them is subject and (e) are not in conflict with, do not result in a breach of, or constitute (with due notice
or lapse of time or both) a default under, or except as may be provided by any Facility Document, result in the creation or imposition of any Lien upon any of the property or assets of Seller or any of its Subsidiaries pursuant to, any such
indenture, agreement, document or instrument. Seller is not required to obtain any consent, approval or authorization from, or to file any declaration or statement with, any Governmental Authority in connection with or as a condition to the
consummation of the Transactions contemplated herein and the execution, delivery or performance of the Facility Documents to which it is a party. With respect to any and all Records or Electronic Records submitted or transmitted to Buyer including,
but not limited to, fax copies of Records or Electronic Records, Seller represents and warrants that any party who submitted or transmitted Records or Electronic Records or who submitted or transmitted Records or Electronic Records containing
Seller’s signature or Seller’s Electronic Signature was authorized to do so. 
 (f)    Litigation.
Except as described in Schedule 7 to the Pricing Letter, there are no actions, suits, arbitrations, investigations (including, without limitation, any of the foregoing which are pending or threatened) or other legal or arbitrable proceedings
affecting Seller Party or any of its Subsidiaries or affecting any of the Repurchase Assets or any of the other properties of Seller Party before any Governmental Authority which (i) questions or challenges the validity or enforceability of the
Facility Documents or any action to be taken in connection with the transactions contemplated hereby, (ii) makes a claim or claims in an aggregate amount greater than the Litigation Threshold, (iii) individually or in the aggregate, if
adversely determined, would have a Material Adverse Effect, or (iv) requires filing with the SEC in accordance with its regulations or (v) relates to any violation of the Home Ownership and Equity Protection Act or any state, city or
district high cost home mortgage or predatory lending law. 
 (g)    Purchased Mortgage Loans. 

(i)    With respect to each Mortgage Loan to be sold hereunder by Seller to Buyer, such Mortgage Loan is an
Eligible Mortgage Loan, including that all applicable representations and warranties set forth in Schedule 1 hereto are true, correct, and complete. 

(ii)    Seller has not assigned, pledged, or otherwise conveyed or encumbered to or in favor of any Person
other than Buyer any Mortgage Loan to be sold to Buyer hereunder, and immediately prior to the sale of such Mortgage Loan to Buyer, Seller was the sole owner of such Mortgage Loan and had good and marketable title thereto, free and clear of all
Liens, in each case except for Liens to be released simultaneously with the sale to Buyer hereunder. 

  
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 (iii)    The provisions of this Agreement are effective
to either constitute a sale of Repurchase Assets to Buyer or to create in favor of Buyer a valid security interest in all right, title and interest of Seller in, to and under the Repurchase Assets. 

(h)    Proper Names; Chief Executive Office/Jurisdiction of Organization. Seller does not operate in any
jurisdiction under a trade name, division name or name other than those names previously disclosed in writing by Seller to Buyer. On the Effective Date, Seller’s chief executive office is, and has been, located as specified on the signature
page hereto. Each Seller Party’s (if any, besides Seller, and if not an individual) jurisdiction of organization is as set forth in the Pricing Letter. 

(i)    Location of Books and Records. The location where Seller keeps its books and records, including all computer
tapes and records related to the Repurchase Assets is its chief executive office. 
 (j)    Enforceability. This
Agreement and all of the other Facility Documents respectively executed and delivered by a Seller Party in connection herewith are legal, valid and binding obligations of each such Seller Party and are enforceable against each such Seller Party in
accordance with their terms, except as such enforceability may be limited by (i) the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar Requirements of Law affecting creditors’ rights generally, and
(ii) general principles of equity. 
 (k)    Ability to Perform. Seller does not believe, nor does it have
any reason or cause to believe, that it cannot perform each and every covenant contained in the Facility Documents to which it is a party on its part to be performed. 

(l)    No Default. No Default or Event of Default has occurred and is continuing. 

(m)    No Adverse Selection. Seller has not selected the Purchased Mortgage Loans in a manner so as to adversely
affect Buyer’s interests. 
 (n)    Adjusted Tangible Net Worth. On the initial Purchase Date, the Adjusted
Tangible Net Worth of Seller is not less than the Adjusted Tangible Net Worth required of Seller in the Pricing Letter. 

(o)    Debt for Borrowed Money. All credit facilities, repurchase facilities or substantially similar facilities or
other debt for borrowed money of Seller (the “Debt for Borrowed Money Arrangements”) which are presently in effect and/or outstanding are listed on Schedule 2 to the Pricing Letter and no defaults or events of default exist
thereunder. 
 (p)    Accurate and Complete Disclosure. The information, reports, Financial Statements, exhibits
and schedules furnished in writing by or on behalf of each Seller Party to Buyer in connection with the negotiation, preparation or delivery of this Agreement or performance hereof and the other Facility Documents or included herein or therein or
delivered pursuant hereto or thereto, when taken as a whole, do not contain any untrue statement of material fact or omit to state any material fact necessary to make the statements herein or therein, in light of the circumstances under which they
were made, not misleading. There is no fact known to Seller, after due inquiry, that would reasonably be expected to have a Material Adverse Effect that has not been disclosed herein, in the other Facility Documents or in a report, Financial
Statement, exhibit, schedule, disclosure letter or other writing furnished to Buyer for use in connection with the transactions contemplated hereby or thereby. 

  
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 (q)    Margin Regulations. The use of all funds acquired by
Seller under this Agreement will not conflict with or contravene any of Regulations T, U or X promulgated by the Board of Governors of the Federal Reserve System as the same may from time to time be amended, supplemented or otherwise modified. 

(r)    Investment Company. No Seller Party and none of their respective Subsidiaries is an “investment
company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 

(s)    Solvency. As of the date hereof and immediately after giving effect to each Transaction, the fair value of
the assets of Seller is greater than the fair value of the liabilities (including, without limitation, contingent liabilities if and to the extent required to be recorded as a liability on the Financial Statements of Seller in accordance with GAAP)
of Seller and Seller is solvent and, after giving effect to the transactions contemplated by this Agreement and the other Facility Documents, will not be rendered insolvent or left with an unreasonably small amount of capital with which to conduct
its business and perform its obligations. Seller does not intend to incur, nor does it believe that it has incurred, debts beyond its ability to pay such debts as they mature. Seller is not contemplating the commencement of an insolvency,
bankruptcy, liquidation, or consolidation proceeding or the appointment of a receiver, liquidator, conservator, trustee, or similar official in respect of itself or any of its property. 

(t)    ERISA. 

(i)    No liability under Section 4062, 4063, 4064 or 4069 of ERISA has been or is expected by Seller
to be incurred by any Seller Party or any ERISA Affiliate thereof with respect to any Plan which is a Single-Employer Plan in an amount that could reasonably be expected to have a Material Adverse Effect. 

(ii)    No Plan which is a Single Employer Plan had an accumulated funding deficiency, whether or not
waived, as of the last day of the most recent fiscal year of such Plan ended prior to the date hereof, and no such plan which is subject to Section 412 of the Code failed to meet the requirements of Section 436 of the Code as of such last
day. Neither Seller nor any ERISA Affiliate thereof is subject to a Lien in favor of such a Plan as described in Section 430(k) of the Code or Section 303(k) of ERISA. 

(iii)    Each Plan of Seller, each of its Subsidiaries and each of its ERISA Affiliates is in compliance
with the applicable provisions of ERISA and the Code, except where the failure to comply would not result in any Material Adverse Effect. 

(iv)    Neither Seller nor any of its Subsidiaries has incurred a tax liability under Chapter 43 of the
Code or a penalty under Section 502 of ERISA which has not been paid in full, except where the incurrence of such tax or penalty would not result in a Material Adverse Effect. 

(v)    Neither Seller nor any of its Subsidiaries nor any ERISA Affiliate thereof has incurred or
reasonably expects to incur any withdrawal liability under Section 4201 of ERISA as a result of a complete or partial withdrawal from a Multiemployer Plan in an amount that could reasonably be expected to have a Material Adverse Effect. 

  
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 (u)    Taxes. Seller and its Subsidiaries have timely filed all
tax returns that are required to be filed by them and have timely paid all Taxes due, except for any such Taxes as are being appropriately contested in good faith by appropriate proceedings diligently conducted and with respect to which adequate
reserves have been provided. There are no Liens for Taxes, except for statutory liens for Taxes not yet due and payable. 

(v)    No Reliance. Seller has made its own independent decisions to enter into the Facility Documents and each
Transaction and as to whether such Transaction is appropriate and proper for it based upon its own judgment and upon advice from such advisors (including without limitation, legal counsel and accountants) as it has deemed necessary. Seller is not
relying upon any advice from Buyer or Custodian as to any aspect of the Transactions, including without limitation, the legal, accounting or tax treatment of such Transactions. 

(w)    Plan Assets. Seller is not an employee benefit plan as defined in Section 3 of Title I of ERISA, or a
plan described in
 Section 4975(e)(1) of the Code, and the Purchased Mortgage Loans are not “plan assets” within the meaning of 29 CFR §2510.3-101, as modified by Section 3(42) of
ERISA, in Seller’s hands and transactions by or with Seller are not subject to any state or local statute regulating investments of, or fiduciary obligations with respect to governmental plans within the meaning of Section 3(32) of ERISA.

 (x)    Agency and Governmental Authority Approvals. Seller is approved by those Agencies and Governmental
Authorities set forth on Schedule 8 to the Pricing Letter for the origination, sale, and/or servicing of Mortgage Loans as set forth on Schedule 8 to the Pricing Letter. In each such case, Seller is in good standing, with no event having occurred or
Seller having any reason whatsoever to believe or suspect will occur, including, without limitation, a change in insurance coverage, which would either make Seller unable to comply with the eligibility requirements for maintaining all such
applicable approvals or require notification to the relevant Agency or Governmental Authority. 
 (y)    Ability to
Service Mortgage Loans; Servicing Agreements. Seller has adequate financial standing, servicing facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same types as may from time to time
constitute Purchased Mortgage Loans and in accordance with Accepted Servicing Practices. Seller is not a party to any servicing agreements with respect to any of its Mortgage Loans except as set forth on Schedule 5 to the Pricing Letter, true and
complete copies of which servicing agreements have been furnished to Buyer. Except as set forth on Schedule 5 of the Pricing Letter, no Purchased Mortgage Loans will be subject to any such servicing agreements. 

(z)    Anti-Money Laundering Laws. Seller has complied with all applicable anti-money laundering laws and
regulations, including without limitation the USA Patriot Act of 2001 (collectively, the “Anti-Money Laundering Laws”); Seller has established an anti-money laundering compliance program as required by the Anti-Money
Laundering Laws, has conducted the requisite due diligence in connection with the origination of each Mortgage Loan for purposes of the Anti-Money Laundering Laws, including with respect to the legitimacy of the applicable Mortgagor and the origin
of the assets used by the said Mortgagor to purchase the property in question, and maintains, and will maintain, sufficient information to identify the applicable Mortgagor for purposes of the Anti-Money Laundering Laws. 

(aa)    No Prohibited Persons. No Seller Party, and, as applicable, none of their respective Affiliates, officers,
directors, partners or members, is an entity or person (or to the Seller’s knowledge, owned or controlled by an entity or person): (i) that is listed in the Annex to, or is otherwise subject to the provisions of Executive Order 13224 issued on
September 24, 2001 (“EO13224”); (ii) whose 

  
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name appears on the United States Treasury Department’s Office of Foreign Assets Control (“OFAC”) most current list of “Specifically Designated National and Blocked
Persons” (which list may be published from time to time in various mediums including, but not limited to, the OFAC website, http:www.treas.gov/ofac/t11sdn.pdf); (iii) who commits, threatens to commit or supports “terrorism”, as that
term is defined in EO13224; or (iv) who is otherwise affiliated with any entity or person listed above (any and all parties or persons described in clauses (i) through (iv) above are herein referred to as a “Prohibited
Person”). 
 (bb)    Hedging. Seller has established a formal hedging policy and program, which is
managed by an Approved Hedging Manager, with respect to all of its Mortgage Loans, other than those in respect of which Seller has entered into a Takeout Commitment. 

(cc)    Subordinated Debt. If Seller has any Subordinated Debt, Seller has provided Buyer with true and complete
copies of all documents evidencing such Subordinated Debt and the subordination thereof. 
 (dd)    MERS. Seller
shall and shall cause each Subservicer to (i) be a member in good standing with MERS, and (ii) comply in all material respects with the rules and regulations of MERS in connection with all Purchased Mortgage Loans. 

 

	SECTION 12.	 COVENANTS 

On and as of the date of this Agreement and each Purchase Date and at all times until this Agreement is no longer in force, Seller covenants as
follows: 
 (a)    Preservation of Existence; Compliance with Law. Seller shall: 

(i)    Preserve and maintain its legal existence and all of its material rights, privileges, licenses and
franchises necessary for the operation of its business; 
 (ii)    Comply with the requirements of all
applicable Requirements of Law, rules, regulations and orders, whether now in effect or hereafter enacted or promulgated by any applicable Governmental Authority (including, without limitation, all environmental laws); 

(iii)    Maintain all licenses, permits or other approvals necessary for Seller to conduct its business and
to perform its obligations under the Facility Documents, and conduct its business strictly in accordance with applicable Requirements of Law; 

(iv)    Keep adequate records and books of account, in which complete entries will be made in accordance
with GAAP consistently applied; and 
 (v)    Permit representatives of Buyer, upon reasonable notice
(unless an Event of Default shall have occurred and is continuing, in which case, no prior notice shall be required), during normal business hours, to examine, copy and make extracts from its books and records, to inspect any of its Properties, and
to discuss its business and affairs with its officers, all to the extent reasonably requested by Buyer, subject to the provisions set forth in Section 17 hereof. 

(b)    Taxes. Seller shall timely file all tax returns that are required to be filed by it and shall timely pay all
Taxes due, except for any such Taxes as are being appropriately contested in good faith by appropriate proceedings diligently conducted with respect to which adequate reserves have been provided. 

  
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 (c)    Notice of Proceedings or Adverse Change. Seller shall give
notice to Buyer of any of the following within the specified time: 
 (i)    Immediately after a
Responsible Officer of Seller has any knowledge of: 
 (A)    the occurrence of any Default or Event of
Default; 
 (B)    any (x) default or event of default under any Indebtedness of a Seller Party,
(y) litigation, investigation, regulatory action or proceeding that is pending or threatened by or against a Seller Party in any federal or state court or before any Governmental Authority which, if not cured or if adversely determined, would
reasonably be expected to have a Material Adverse Effect or constitute a Default or Event of Default, or (z) Material Adverse Effect with respect to any Seller Party; 

(C)    any litigation or proceeding that is pending or threatened (x) against any Seller Party in
which the amount involved exceeds the Litigation Threshold, in which injunctive or similar relief is sought, or which, if adversely determined, would reasonably be expected to have a Material Adverse Effect, and (y) in connection with any of
the Repurchase Assets, which, if adversely determined, would reasonably be expected to have a Material Adverse Effect; or 

(D)    any Lien or security interest (other than security interests created hereby or under any other
Facility Document) on, or claim asserted against, any of the Repurchase Assets. 
 (ii)    As soon as
reasonably possible, notice of any of the following events: 
 (A)    a change in the insurance coverage
of Seller, with a copy of evidence of same attached; 
 (B)    any material change in accounting policies
or financial reporting practices of Seller; 
 (C)    the termination or nonrenewal of any debt
facilities of Seller which have a maximum principal amount (or equivalent) available of more than the Facility Termination Threshold; 

(D)    any (x) Change in Control or any change in direct or indirect ownership or controlling interest
of the direct or indirect owners of any Seller Party that is not an individual, or (y) person obtaining a direct or indirect ownership interest (or right to obtain a direct or indirect ownership interest) of 10% or more in any Seller Party that
is not an individual; 
 (E)    any event, circumstance or condition that has resulted, or has a
possibility of resulting, in a Material Adverse Effect; or 
 (F)    any Purchased Mortgage Loan has
become a Defective Mortgage Loan, including that any applicable representations and warranties set forth on Schedule 1 hereto ceases to be true, correct, and complete (and providing all applicable details thereof). 

  
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 (iii)    Promptly, but no later than two
(2) Business Days after Seller receives any of the same, deliver to Buyer a true, complete, and correct copy of any schedule, report, notice, or any other document delivered to Seller by any Person pursuant to, or in connection with, any of the
Repurchase Assets. 
 (iv)    Promptly, but no later than two (2) Business Days after Seller
receives notice of the same, (A) any Mortgage Loan submitted for inclusion into an Agency security and rejected by that Agency for inclusion in such Agency security or (B) any Mortgage Loan submitted to a Takeout Investor (whole loan or
securitization) and rejected for purchase by such Takeout Investor. 
 (d)    Financial Reporting. Seller shall
maintain a system of accounting established and administered in accordance with GAAP, and furnish, or cause to be furnished, to Buyer: 

(i)    Within ninety (90) days after the close of each fiscal year, Financial Statements, including a
statement of income and changes in shareholders’ equity of the Financial Reporting Party for such year, and the related balance sheet as at the end of such year, all in reasonable detail and accompanied by an opinion of an Approved CPA as to
said Financial Statements; 
 (ii)    Within thirty (30) days after the end of each calendar month,
including the last month of Seller’s fiscal year, the unaudited balance sheets of the Financial Reporting Party as at the end of such period and the related unaudited consolidated statements of income and retained earnings and of cash flows for
the Financial Reporting Party for such period and the portion of the fiscal year through the end of such period, subject, however, to year-end adjustments. Such reports shall include, without limitation, in
clearly delineated line items, the results of Seller’s hedging activities for the applicable period; 

(iii)    Simultaneously with the furnishing of each of the Financial Statements to be delivered pursuant to
subsections (i) and (ii) above, (x) a certificate in the form of Exhibit A to the Pricing Letter and certified by an executive officer of the Financial Reporting Party , and (y) when the end of the subject reporting period coincides
with the end of the second and fourth fiscal quarters, a Servicing Rights Appraisal. All Servicing Rights Appraisals shall be delivered to Buyer no later than thirty (30) days after the applicable “as of” date therefor. Buyer reserves
the right to require at any time that Seller obtain and deliver current Servicing Rights Appraisals during the pendency of a Default or an Event of Default; 

(iv)    If applicable, copies of any 10-Ks, 10-Qs, registration statements and other “corporate
finance” SEC filings (other than 8-Ks) by a Seller Party within 5 Business Days after their filing with the SEC; provided, that, Seller will provide Buyer with a copy of the annual 10-K filed with the SEC by a Seller Party or its Affiliates
no later than 90 days after the end of the year; and 
 (v)    Promptly, from time to time, such other
information regarding the business affairs, operations and financial condition of any Seller Party as Buyer may reasonably request. 

(e)    Visitation and Inspection Rights. Seller shall permit Buyer to inspect and take all other actions permitted
under Section 17 hereof. 
 (f)    Reimbursement of Expenses. Seller shall promptly reimburse Buyer for all
expenses as the same are incurred by Buyer as required by Sections 15(b) and 17 hereof. 

  
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 (g)    Further Assurances. Seller shall execute and deliver to
Buyer all further documents, financing statements, agreements and instruments, and take all further actions that may be required under applicable Requirements of Law, or that Buyer may reasonably request, in order to effectuate the transactions
contemplated by this Agreement and the Facility Documents or, without limiting any of the foregoing, to grant, preserve, protect and perfect the validity and first priority of the security interests created or intended to be created hereby. Seller
shall do all things necessary to preserve the Repurchase Assets so that they remain subject to a first priority perfected security interest hereunder. Without limiting the foregoing, Seller will comply with all applicable Requirements of Law and
cause the Repurchase Assets to comply with all Requirements of Law. Seller will not allow any default for which Seller is responsible to occur under any Repurchase Assets or any Facility Document and Seller shall fully perform or cause to be
performed when due all of its obligations under any Repurchase Assets or the Facility Documents. 
 (h)    True and
Correct Information. All information, reports, exhibits, schedules, Financial Statements or certificates of any Seller Party or any of the Affiliates thereof or any of their officers furnished to Buyer hereunder and during Buyer’s diligence
of Seller Parties will be true and complete and will not omit to disclose any material facts necessary to make the statements therein or therein, in light of the circumstances in which they are made, not misleading. All required Financial
Statements, information and reports delivered by a Seller Party to Buyer pursuant to this Agreement shall be prepared in accordance with GAAP, or as applicable, to SEC filings, the appropriate SEC accounting requirements. 

(i)    ERISA Events. 

(i)    Promptly upon becoming aware of the occurrence of any Event of ERISA Termination which together with
all other Events of ERISA Termination occurring within the prior 12 months involve a payment of money by or a potential aggregate liability of a Seller Party or any ERISA Affiliate thereof or any combination of such entities in excess of the ERISA
Liability Threshold, Seller shall give Buyer a written notice specifying the nature thereof, what action Seller Party or any ERISA Affiliate thereof has taken and, when known, any action taken or threatened by the Internal Revenue Service, the
Department of Labor or the PBGC with respect thereto; 
 (ii)    Promptly upon receipt thereof, Seller
shall furnish to Buyer copies of (i) all notices received by Seller or any ERISA Affiliate thereof of the PBGC’s intent to terminate any Plan or to have a trustee appointed to administer any Plan; (ii) all notices received by Seller
or any ERISA Affiliate thereof from the sponsor of a Multiemployer Plan pursuant to Section 4202 of ERISA involving withdrawal liability in excess of the ERISA Liability Threshold; and (iii) all funding waiver requests filed by Seller or
any ERISA Affiliate thereof with the Internal Revenue Service with respect to any Plan, the accrued benefits of which exceed the present value of the plan assets as of the date the waiver request is filed, and all communications received by Seller
or any ERISA Affiliate thereof from the Internal Revenue Service with respect to any such funding waiver request. 

(j)    Financial Condition Covenants. The Seller shall comply with the Financial Condition Covenants. 

(k)    Hedging. Seller shall at all times maintain, implement, and adhere to a formal hedging policy and program,
acceptable to Buyer, using appropriate Hedge Agreements, covering all of Seller’s Mortgage Loans, other than those subject to a Takeout Commitment, which is managed by an Approved Hedging Manager. Seller shall hedge all of its Mortgage Loans in
accordance with Seller’s hedging policies. Seller shall review its hedging policies periodically to confirm that they are being complied with in all material respects and are adequate to meet Seller’s business objectives. In the event

  
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Seller makes any material amendment or material modification to its hedging policies, Seller shall promptly notify Buyer of such amendment or modification, and within 30 days after such amendment
or modification shall deliver to Buyer a complete copy of the amended or modified hedging policies. Additionally, Buyer may in its reasonable discretion request a current copy of its hedging policies at any time. By Wednesday of each week, Seller
shall furnish Buyer with a hedging report as of the end of the immediately preceding week, to be in such form and to contain such information as shall be specified from time to time by Buyer, including, without limitation, Seller’s then locked
pipeline, notional hedge positions, and historical pull-throughs. 
 (l)    No Adverse Selection. Seller shall
not select Eligible Mortgage Loans to be sold to Buyer as Purchased Mortgage Loans using any type of adverse selection or other selection criteria which would adversely affect Buyer. 

(m)    Servicer Approval. Seller shall not cause or permit the Purchased Mortgage Loans to be serviced by any
servicer other than a servicer expressly approved in writing by Buyer, which approval shall be deemed granted by Buyer with respect to Seller and any Subservicer identified on Schedule 5 to the Pricing Letter (subject to revocation of such approval
as provided in this Agreement) with the execution of this Agreement. 
 (n)    Insurance. Seller shall maintain
Fidelity Insurance in an aggregate amount at least equal to the Fidelity Insurance Requirement. Seller shall maintain Fidelity Insurance in respect of its officers, employees and agents, with respect to any claims made in connection with all or any
portion of the Repurchase Assets. Seller shall notify Buyer of any material change in the terms of any such Fidelity Insurance. 

(o)    Books and Records. Seller shall, to the extent practicable, maintain and implement administrative and
operating procedures (including, without limitation, an ability to recreate records evidencing the Repurchase Assets in the event of the destruction of the originals thereof), and keep and maintain or obtain, as and when required, all documents,
books, records and other information reasonably necessary or advisable for the collection of all Repurchase Assets. 

(p)    Illegal Activities. Seller shall not engage in any conduct or activity that could subject its assets to
forfeiture or seizure. 
 (q)    Material Change in Business. Seller shall not make any material change in the
nature of its business as carried on at the date hereof. 
 (r)    Limitation on Dividends and Distributions.
Seller shall not make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity interest of Seller or for the payment of Subordinated
Debt, whether now or hereafter outstanding, or make any other distribution or dividend in respect of any of the foregoing or to any shareholder or equity owner of Seller, either directly or indirectly, whether in cash or property or in obligations
of Seller or any of Seller’s consolidated Subsidiaries at any time (i) following the occurrence and during the continuation of a Default, (ii) in violation of any applicable Subordination Agreement, or (iii) if, on a pro forma
basis giving effect thereto, a Default or Event of Default would then exist or result therefrom. 

(s)    Disposition of Assets; Liens. Seller shall not create, incur, assume or suffer to exist any mortgage,
pledge, Lien, charge or other encumbrance of any nature whatsoever on any of the Repurchase Assets, whether real, personal or mixed, now or hereafter owned, other than the Liens created in connection with the transactions contemplated by this
Agreement; nor shall Seller cause any of the Purchased Mortgage Loans to be sold, pledged, assigned or transferred. 

  
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 (t)    Transactions with Affiliates. Seller shall not enter into
any transaction, including, without limitation, the purchase, sale, lease or exchange of property or assets or the rendering or accepting of any service with any Affiliate unless such transaction is (i) not otherwise prohibited in this
Agreement, (ii) in the ordinary course of Seller’s business, and (iii) upon fair and reasonable terms no less favorable to Seller than it would obtain in a comparable arm’s length transaction with a Person which is not an
Affiliate. 
 (u)    ERISA Matters. 

(i)    Seller shall not permit any event or condition which is described in the definition of
“Event of ERISA Termination” to occur or exist with respect to any Plan or Multiemployer Plan if such event or condition, together with all other events or conditions described in the definition of Event of ERISA Termination
occurring within the prior 12 months, involves the payment of money by or an incurrence of liability of Seller or any ERISA Affiliate thereof, or any combination of such entities in an amount in excess of the ERISA Liability Threshold. 

(ii)    Seller shall not be an employee benefit plan as defined in Section 3 of Title I of ERISA, or a
plan described in Section 4975(e)(1) of the Code, and Seller shall not use “plan assets” within the meaning of 29 CFR §2510.3-101, as modified by Section 3(42) of ERISA, to
engage in this Agreement or the Transactions hereunder and transactions by or with Seller are not subject to any state or local statute regulating investments of, or fiduciary obligations with respect to any governmental plans within the meaning of
Section 3(32) of ERISA. 
 (v)    Consolidations, Mergers and Sales of Assets. Seller shall not
(i) consolidate or merge with or into any other Person, or (ii) sell, lease or otherwise transfer all or substantially all of its assets to any other Person. Seller shall not (i) cause or permit any change to be made in its name,
organizational identification number, identity or corporate structure, each as described in Section 11(h), or (ii) change its jurisdiction of organization, unless it shall have provided Buyer thirty (30) days’ prior written
notice of such change and shall have first taken all action required by Buyer for the purpose of perfecting or protecting the lien and security interest of Buyer established hereunder. 

(w)    Underwriting Guidelines. Without the prior written consent of Buyer, Seller shall not deviate from the
Underwriting Guidelines, as in effect from time to time, in connection with its origination of Purchased Mortgage Loans. Seller shall provide Buyer prompt written notice of any material changes to Seller’s then Underwriting Guidelines,
including therewith a complete copy of Seller’s updated Underwriting Guidelines and a summary of the changes from the then most recent Underwriting Guidelines. 

(x)    No Amendment or Compromise. Without Buyer’s prior written consent Seller or those acting on behalf of
Seller shall not amend or modify, or waive any term or condition of, or settle or compromise any claim in respect of, any item of the Purchased Mortgage Loans, provided that a Purchased Mortgage Loan may be amended or modified if such amendment or
modification does not affect the amount or timing of any payment of principal or interest, extend its scheduled maturity date, modify its interest rate, or constitute a cancellation or discharge of its outstanding principal balance and does not
materially and adversely affect the security afforded the Mortgaged Property securing the Mortgage Loan. 
 (y)    
Agency Approvals; Servicing. Seller shall maintain its status and approvals as set forth in Section 11(x), in each case in good standing (each such approval, an “Approval”). Should

  
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Seller, for any reason, cease to possess all such applicable Approvals to the extent necessary, or should notification to the relevant Agency or Governmental Authority be required, Seller shall
so notify Buyer immediately in writing. Notwithstanding the preceding sentence, Seller shall take all necessary action to maintain all of its applicable Approvals at all times during the term of this Agreement and each outstanding Transaction. 

(z)    Sharing of Information. Seller hereby allows and consents to Buyer exchanging information related to Seller,
its credit, and the Transactions hereunder with third party lenders or facility providers and Seller shall permit, and hereby authorizes, each third party lender or facility provider to share such information with Buyer. 

(aa)    Indebtedness. Seller shall not incur any additional Indebtedness (other than (i) existing Indebtedness
in amounts not to exceed the amounts set forth on Schedule 2 to the Pricing Letter and (ii) usual and customary accounts payable for a mortgage company) without the prior written consent of Buyer. 

 

	SECTION 13.	 EVENTS OF DEFAULT 

If any of the following events (each an “Event of Default”) occur, Buyer shall have the rights set forth in Section 14,
as applicable: 
 (a)    Payment Default. (i) Seller shall default in the payment of (A) any amount
payable by it hereunder or under any other Facility Document, including, without limitation, the failure to satisfy any Margin Call by the applicable Margin Deadline, (B) Expenses (and such failure to pay Expenses shall continue for more than 3
Business Days) or (C) any other Obligations, when the same shall become due and payable, whether at the due date thereof, or by acceleration or otherwise, or (ii) any other Seller Party shall default in the payment of (A) any amount
payable by such Seller Party under any Facility Document to which it is a party or (B) any other Obligations of such Seller Party when the same shall become due and payable, whether at the due date thereof, or by acceleration or otherwise (but
after any applicable grace periods); or 
 (b)    Representation and Warranty Breach. Any representation,
warranty or certification made or deemed made herein or in any other Facility Document by a Seller Party or any certificate furnished to Buyer pursuant to the provisions hereof or thereof or any information with respect to the Mortgage Loans
furnished in writing by on behalf of a Seller Party shall prove to have been untrue or misleading in any material respect as of the time made or furnished; provided, however, unless such breach is knowing and intentional, a breach of the
representation or warranty set forth in Section 11(g)(i) shall result in the subject Mortgage Loan being a Defective Mortgage Loan and shall not in and of itself constitute an Event of Default; or 

(c)    Immediate Covenant Default. The failure of Seller to perform, comply with or observe any term, covenant or
agreement applicable to Seller contained in any of Sections 12(a)(Preservation of Existence; Compliance with Law); 12(c) (Notice of Proceedings and Adverse Change); 12(h)(True and Correct Information); 12(j)(Financial
Condition Covenants); 12(l)(No Adverse Selection); 12(p)(Illegal Activities); 12(q)(Material Change in Business); 12(r)(Limitation on Dividends and Distributions); 12(s)(Disposition of Assets; Liens);
12(v)(Consolidations, Mergers and Sales of Assets); 12(y)(Agency Approvals; Servicing); or 12(aa)(Indebtedness); or 

(d)    Additional Covenant Defaults. Seller shall fail to observe or perform any other covenant or agreement
contained in this Agreement (and not identified in clause (c) of Section 13), or any other Seller Party shall fail to observe or perform any covenant or agreement contained in any other Facility Document to which such Seller Party is a
party, and if such default shall be capable of being remedied, such failure to observe or perform shall continue unremedied for a period of 1 Business Day; or 

  
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 (e)    Judgments. A judgment or judgments for the payment of
money in excess of the Litigation Threshold in the aggregate shall be rendered against a Seller Party or a Seller Party’s Affiliates by one or more courts, administrative tribunals or other bodies having jurisdiction and the same shall not be
satisfied, discharged (or provision shall not be made for such discharge) or bonded, or a stay of execution thereof shall not be procured, within 30 days after the date of entry thereof, and such Seller Party or any such Affiliate shall not, within
said period of 30 days, or such longer period during which execution of the same shall have been stayed or bonded, appeal therefrom and cause the execution thereof to be stayed during such appeal; or 

(f)    Cross Default. Any “event of default” or any other default which permits a demand for, or
requires, the early repayment of obligations due by a Seller Party or a Seller Party’s Affiliates under any agreement (after the expiration of any applicable grace period under any such agreement) relating to any Indebtedness of such Seller
Party or any Affiliate, as applicable, or any default under any Obligation not described in Section 13(a) (after the expiration of any applicable grace period); or 

(g)    Insolvency Event. An Insolvency Event shall have occurred with respect to a Seller Party or any Affiliate;
or 
 (h)    Enforceability. For any reason, any Facility Document at any time shall not be in full force and
effect in all material respects or shall not be enforceable in all material respects in accordance with its terms, or any Lien granted pursuant thereto shall fail to be perfected and of first priority, or any Person (other than Buyer) shall contest
the validity, enforceability, perfection or priority of any Lien granted pursuant thereto, or any party thereto (other than Buyer) shall seek to disaffirm, terminate, limit or reduce its obligations thereunder; or 

(i)    Liens. (i) Seller shall grant, or suffer to exist, any Lien on any Repurchase Asset (except any Lien in
favor of Buyer); or (ii) neither one of the following is true (A) the Repurchase Assets shall have been sold to Buyer, or (B) the Liens contemplated hereby are first priority perfected Liens on the Repurchase Assets in favor of Buyer
and are not Liens in favor of any Person other than Buyer; or 
 (j)    Material Adverse Effect. Buyer shall have
determined that a Material Adverse Effect has occurred; or 
 (k)    ERISA. (i) any Seller Party shall
engage in any “prohibited transaction” (as defined in Section 406 of ERISA or Section 4975 of the Code) involving any Plan, (ii) any “accumulated funding deficiency” (as defined in Section 304 of
ERISA), whether or not waived, shall exist with respect to any Plan or any Lien in favor of the PBGC or a Plan shall arise on the assets of a Seller Party or any ERISA Affiliate, (iii) a Reportable Event shall occur with respect to, or
proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Seller Party’s Plan, which Reportable Event or commencement of proceedings or appointment of a trustee is, in the
reasonable opinion of Buyer, likely to result in the termination of such Plan for purposes of Title IV of ERISA, (iv) any Seller Party’s Plan shall terminate for purposes of Title IV of ERISA, (v) any Seller Party or any ERISA
Affiliate shall, or in the reasonable opinion of Buyer is likely to, incur any liability in connection with a withdrawal from, or the insolvency or reorganization of, a Multiemployer Plan, or (vi) any other event or condition shall occur or
exist with respect to a Seller Party’s Plan; and in each case in clauses (i) through (vi) above, such event or condition, together with all other such events or conditions, if any, could reasonably be expected to have a Material Adverse
Effect; or 

  
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 (l)    Change in Control. A Change in Control shall have
occurred; or 
 (m)    Going Concern. Any Financial Reporting Party’s audited Financial Statements or notes
thereto or other opinions or conclusions stated therein shall be qualified or limited by reference to the status of such Financial Reporting Party as a “going concern” or reference of similar import; or 

(n)    Defective Mortgage Loans. One or more Purchased Mortgage Loans shall be Defective Mortgage Loans and Seller
fails to repurchase such Defective Mortgage Loans within one Business Day; or 
 (o)    Investigations. There
shall occur the initiation of any investigation, audit, examination or review of a Seller Party by an Agency, any Governmental Authority, any trade association or consumer advocacy group relating to the origination, sale or servicing of Mortgage
Loans by such Seller Party or the business operations of such Seller Party, with the exception of normally scheduled audits or examinations by such Seller Party’s regulators, if Buyer believes that such investigation, audit, examination, or
review is likely to result in a Material Adverse Effect. 
  

	SECTION 14.	 REMEDIES 

(a)    If an Event of Default occurs, the following rights and remedies are available to Buyer; provided, that an Event of
Default shall be deemed to be continuing unless expressly waived by Buyer in writing : 
 (i)    At the
option of Buyer, exercised by written notice to Seller (which option shall be deemed to have been exercised, even if no notice is given, immediately upon the occurrence of an Insolvency Event of a Seller Party), the Repurchase Date for each
Transaction hereunder, if it has not already occurred, shall be deemed immediately to occur. Buyer shall (except upon the occurrence of an Insolvency Event of a Seller Party) give notice to Seller of the exercise of such option as promptly as
practicable. 
 (ii)    If Buyer exercises or is deemed to have exercised the option referred to in
subsection (a)(i) of this Section, 
 (A)    Seller’s obligations in such Transactions to repurchase
all Purchased Mortgage Loans, at the Repurchase Price therefor on the Repurchase Date determined in accordance with subsection (a)(i) of this Section, (1) shall thereupon become immediately due and payable and (2) all Income paid after
such exercise or deemed exercise shall be retained by Buyer and applied to the aggregate unpaid Repurchase Price and any other amounts owed by Seller hereunder; 

(B)    to the extent permitted by applicable Requirements of Law, the Repurchase Price with respect to each
such Transaction shall be increased by the aggregate amount obtained by daily application of, on a 360 day per year basis for the actual number of days during the period from and including the date of the exercise or deemed exercise of such option
to but excluding the date of payment of the Repurchase Price as so increased, (x) the Post-Default Rate in effect following an Event of Default to (y) the Repurchase Price for such Transaction as of the Repurchase Date as determined
pursuant to subsection (a)(i) of this Section (decreased as of any day by (i) any amounts actually in the possession of Buyer pursuant to clause (C) of this subsection, and (ii) any proceeds from the sale of Purchased Mortgage Loans
applied to the Repurchase Price pursuant to subsection (a)(iv) of this Section); and 

  
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 (C)    all Income actually received by Buyer pursuant to
Section 5 shall be applied to the aggregate unpaid Obligations owed by Seller Parties. 

(iii)    Upon the occurrence of one or more Events of Default, Buyer shall have the right to obtain
physical possession of all files of Seller relating to the Purchased Mortgage Loans and the Repurchase Assets and all documents relating to the Purchased Mortgage Loans which are then or may thereafter come into the possession of Seller or any third
party acting for Seller and Seller shall deliver to Buyer such assignments as Buyer shall request. Buyer shall be entitled to specific performance of all agreements of Seller contained in the Facility Documents. 

(iv)    At any time on the Business Day following notice to Seller (which notice may be the notice given
under subsection (a)(i) of this Section), in the event Seller has not repurchased all Purchased Mortgage Loans, Buyer may (A) immediately sell, without demand or further notice of any kind, at a public or private sale and at such price or
prices as Buyer may deem satisfactory any or all Purchased Mortgage Loans and the Repurchase Assets subject to a such Transactions hereunder and apply the proceeds thereof to the aggregate unpaid Repurchase Prices and any other amounts owing by
Seller hereunder or (B) in its sole discretion elect, in lieu of selling all or a portion of such Purchased Mortgage Loans, to give Seller credit for such Purchased Mortgage Loans and the Repurchase Assets in an amount equal to the Market Value
of the Purchased Mortgage Loans against the aggregate unpaid Repurchase Price and any other amounts owing by Seller hereunder. The proceeds of any disposition of Purchased Mortgage Loans and the Repurchase Assets shall be applied as determined by
Buyer in its sole discretion. 
 (v)    Seller shall be liable to Buyer for (i) the amount of all
reasonable legal or other expenses (including, without limitation, all costs and expenses of Buyer in connection with the enforcement of this Agreement or any other agreement evidencing a Transaction, whether in action, suit or litigation or
bankruptcy, insolvency or other similar proceeding affecting creditors’ rights generally, further including, without limitation, the reasonable fees and expenses of counsel (including the costs of internal counsel of Buyer) incurred in
connection with or as a result of an Event of Default, (ii) damages in an amount equal to the cost (including all fees, expenses and commissions) of entering into replacement transactions and entering into or terminating hedge transactions in
connection with or as a result of an Event of Default, and (iii) any other loss, damage, cost or expense directly arising or resulting from the occurrence of an Event of Default in respect of a Transaction. 

(vi)    Whether or not Buyer has exercised any one or more of its other rights and remedies, Buyer may, at
its option, elect to increase the Pricing Rate to equal the Post-Default Rate. 
 (vii)    Buyer shall
have, in addition to its rights hereunder, any rights otherwise available to it under any other agreement or applicable Requirements of Law. 

(b)    Buyer may exercise one or more of the remedies available hereunder immediately upon the occurrence of an Event of
Default and at any time thereafter without notice to Seller. All rights and remedies arising under this Agreement as amended from time to time hereunder are cumulative and not exclusive of any other rights or remedies which Buyer may have. 

(c)    Buyer may enforce its rights and remedies hereunder without prior judicial process or hearing, and Seller hereby
expressly waives any defenses Seller might otherwise have to require Buyer to enforce its rights by judicial process. Seller also waives any defense (other than a defense of payment or performance) Seller might otherwise have arising from the use of
nonjudicial process, enforcement and sale of all or any portion of the Repurchase Assets, or from any other election of remedies. Seller recognizes that nonjudicial remedies are consistent with the usages of the trade, are responsive to commercial
necessity and are the result of a bargain at arm’s length. 

  
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 (d)    To the extent permitted by applicable Requirements of Law, Seller
shall be liable to Buyer for interest on any amounts owing by Seller hereunder, from the date Seller becomes liable for such amounts hereunder until such amounts are (i) paid in full by Seller or (ii) satisfied in full by the exercise of
Buyer’s rights hereunder. Interest on any sum payable by Seller to Buyer under this paragraph 14(d) shall be at a rate equal to the Post-Default Rate. 

(e)    Without limiting the rights of Buyer hereto to pursue all other legal and equitable rights available to Buyer for
Seller’s failure to perform its obligations under this Agreement, Seller acknowledges and agrees that the remedy at law for any failure to perform obligations hereunder would be inadequate and Buyer shall be entitled to specific performance,
injunctive relief, or other equitable remedies in the event of any such failure. The availability of these remedies shall not prohibit Buyer from pursuing any other remedies for such breach, including the recovery of monetary damages. 

 

	SECTION 15.	 INDEMNIFICATION AND EXPENSES; RECOURSE 

(a)    Seller agrees to hold Buyer, its Affiliates, and its and their respective officers, directors, employees, agents and
advisors (each an “Indemnified Party”) harmless from and indemnify any Indemnified Party against all liabilities, losses, damages, judgments, costs and expenses of any kind which may be imposed on, incurred by or asserted against
such Indemnified Party (collectively, “Costs”), relating to or arising out of this Agreement, any other Facility Document or any transaction contemplated hereby or thereby, or any amendment, supplement or modification of, or any
waiver or consent under or in respect of, this Agreement, any other Facility Document or any transaction contemplated hereby or thereby, that, in each case, results from anything other than the Indemnified Party’s gross negligence or willful
misconduct. Without limiting the generality of the foregoing, Seller agrees to hold any Indemnified Party harmless from and indemnify such Indemnified Party against all Costs with respect to all Mortgage Loans relating to or arising out of any taxes
incurred or assessed in connection with the ownership of the Mortgage Loans, that, in each case, results from anything other than the Indemnified Party’s gross negligence or willful misconduct. In any suit, proceeding or action brought by an
Indemnified Party in connection with any Mortgage Loan for any sum owing thereunder, or to enforce any provisions of any Mortgage Loan, Seller will save, indemnify and hold harmless such Indemnified Party from and against all expense, loss or damage
suffered by reason of any defense, set off, counterclaim, recoupment or reduction or liability whatsoever of the account debtor or obligor thereunder, arising out of a breach by Seller of any obligation thereunder or arising out of any other
agreement, indebtedness or liability at any time owing to or in favor of such account debtor or obligor or its successors from Seller. Seller also agrees to reimburse an Indemnified Party as and when billed by such Indemnified Party for all the
Indemnified Party’s costs and expenses incurred in connection with the enforcement or the preservation of Buyer’s rights under this Agreement, any other Facility Document or any transaction contemplated hereby or thereby, including,
without limitation, the reasonable fees and disbursements of its counsel. 
 (b)    Seller agrees to pay as and when
billed by Buyer all of the out-of-pocket costs and expenses incurred by Buyer in connection with any amendment, supplement or modification to this Agreement, any other Facility Document or any other documents prepared in connection herewith or
therewith. Seller agrees to pay as and when billed by Buyer all of the reasonable out-of-pocket costs and expenses incurred in connection with the consummation and administration of the transactions contemplated hereby and thereby including, without
limitation, filing fees and all the reasonable fees, disbursements and expenses of counsel to Buyer. Seller agrees to pay Buyer all the reasonable out of pocket due diligence, inspection, testing and review costs and expenses incurred by Buyer with
respect to Mortgage Loans submitted by Seller for purchase under this Agreement, including, but not limited to, 

  
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those out of pocket costs and expenses incurred by Buyer pursuant to Sections 15(a) and 17 hereof. Notwithstanding the foregoing, Seller shall not be responsible for counsel fees or expenses in
connection with the preparation of the initial Facility Documents. 
 (c)    The obligations of Seller from time to time
to pay the Repurchase Price (including all Price Differential) and all other amounts due under this Agreement shall be full recourse obligations of Seller. 

(d)    The obligations of Seller under this Section 15 hereof shall survive the termination of this Agreement. 

 

	SECTION 16.	 SERVICING 

(a)    As a condition of purchasing a Mortgage Loan, Buyer may require Seller to service such Mortgage Loan as agent for
Buyer for a term of thirty (30) days (the “Servicing Term”), which is renewable as provided in clause (d) below, on the following terms and conditions: 

(b)    Seller shall service and administer the Purchased Mortgage Loans on behalf of Buyer in accordance with Accepted
Servicing Practices, and in accordance with all applicable requirements of the Agencies, Requirements of Law, the provisions of any applicable servicing agreement, and the requirements of any applicable Takeout Commitment and the Takeout Investor,
so that the eligibility of the Purchased Mortgage Loan for purchase under such Takeout Commitment is not voided or reduced by such servicing and administration. 

(c)    If any Mortgage Loan that is proposed to be sold on a Purchase Date is serviced by a servicer other than Seller or
any of its Affiliates (a “Subservicer”), or if the servicing of any such Mortgage Loan is to be transferred to a Subservicer, Seller shall provide a copy of the related servicing agreement and a Servicer Notice executed by such
Subservicer (collectively, the “Servicing Agreement”) to Buyer prior to such Purchase Date or servicing transfer date, as applicable. Each such Servicing Agreement shall be in form and substance acceptable to Buyer. In addition,
Seller shall have obtained the prior written consent of Buyer for such Subservicer to subservice the Purchased Mortgage Loans, which consent may be withheld in Buyer’s sole discretion. In no event shall Seller’s use of a Subservicer
relieve Seller of its obligations hereunder, and Seller shall remain liable under this Agreement as if Seller were servicing such Mortgage Loans directly. 

(d)    Seller shall deliver the physical and contractual master servicing of each Purchased Mortgage Loan, together with
all of the related Records in its possession, to Buyer’s designee upon the earliest of (w) the occurrence of a Default or Event of Default hereunder, (x) the termination of Seller as servicer by Buyer pursuant to this Agreement,
(y) the expiration (and non-renewal) of the Servicing Term, or (z) the transfer of servicing to any entity approved by Buyer and the assumption thereof by such entity. Buyer shall have the right to
terminate Seller as master servicer (and any Subservicer as subservicer) of any of the Purchased Mortgage Loans, which right shall be exercisable at any time in Buyer’s sole discretion, upon written notice. In addition, Seller shall deliver the
physical and contractual master servicing of each Purchased Mortgage Loan, together with all of the related Records in its possession to Buyer’s designee, upon expiration of the Servicing Term; provided that the Servicing Term and such delivery
requirement will be deemed renewed for a like period on the last day of the Servicing Term, and on the last day of each such renewed Servicing Term, in the absence of directions to the contrary from Buyer; provided further that such delivery
requirement will no longer apply to any Mortgage Loan, and Seller shall have no further obligation to service such Mortgage Loan as agent for Buyer, upon receipt by Buyer of the Repurchase Price therefor. Seller’s transfer of the Records and
the physical and contractual servicing under this Section shall be in accordance with customary standards in the industry and such transfer shall include the transfer of the gross amount of all escrows held for the related mortgagors (without
reduction for unreimbursed advances or “negative escrows”). 

  
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 (e)    During the period Seller is servicing the Purchased Mortgage
Loans as agent for Buyer, Seller agrees that Buyer is the owner of the related Credit Files and Records and Seller shall at all times maintain and safeguard and cause any Subservicer to maintain and safeguard the Credit File for the Mortgage Loan
(including photocopies or images of the documents delivered to Buyer), and accurate and complete records of its servicing of the Mortgage Loan; Seller’s possession of the Credit Files and Servicing Records being for the sole purpose of master
servicing such Mortgage Loans and such retention and possession by Seller being in a custodial capacity only. Seller hereby grants Buyer a security interest in all servicing fees to secure the obligations of Seller and any Subservicer to service in
conformity with this Section and any related Servicing Agreement. 
 (f)    At Buyer’s request, Seller shall
promptly deliver to Buyer reports regarding the status of any Mortgage Loan being serviced by Seller, which reports shall include, but shall not be limited to, a description of any default thereunder for more than thirty (30) days or such other
circumstances that could cause a material adverse effect on such Mortgage Loan, Buyer’s title to such Mortgage Loan or the collateral securing such Mortgage Loan; Seller may be required to deliver such reports until the repurchase of the
Mortgage Loan by Seller. Seller shall immediately notify Buyer if it becomes aware of any payment default that occurs under the Mortgage Loan or any default under any Servicing Agreement that would materially and adversely affect any Mortgage Loan
subject thereto. 
 (g)    Seller shall release its custody of the contents of any Credit File or Mortgage File only
(i) in accordance with the written instructions of Buyer, (ii) upon the consent of Buyer when such release is required as incidental to Seller’s servicing of the Mortgage Loan, is required to complete the Takeout Commitment or comply
with the Takeout Commitment requirements, or (iii) as required by Requirements of Law. 
 (h)    Buyer reserves the
right to appoint a successor servicer at any time to service any Mortgage Loan (each a “Successor Servicer”) in its sole discretion. If Buyer elects to make such an appointment due to a Default or Event of Default, Seller shall be
assessed all costs and expenses incurred by Buyer associated with transferring the Mortgage Loans to the Successor Servicer. In the event of such an appointment, Seller shall perform all acts and take all action so that any part of the Credit File
and related Records held by Seller, together with all Income and other receipts relating to such Mortgage Loan, are promptly delivered to Successor Servicer, and shall otherwise reasonably cooperate with Buyer in effectuating such transfer. Seller
shall have no claim for lost servicing income, lost profits or other damages if Buyer appoints a Successor Servicer hereunder and the servicing fee is reduced or eliminated. 

(i)    For the avoidance of doubt, Seller retains no economic rights to the servicing of the Purchased Mortgage Loans
provided that Seller shall continue to service the Purchased Mortgage Loans hereunder as part of its Obligations hereunder. As such, Seller expressly acknowledges that the Purchased Mortgage Loans are sold to Buyer on a “servicing
released” basis. 
  

	SECTION 17.	 DUE DILIGENCE 

Seller acknowledges that Buyer or any third party designated by Buyer (including Buyer’s regulators) has the right to perform continuing
due diligence reviews with respect to the Mortgage Loans and Seller Parties, for purposes of verifying compliance with the representations, warranties and specifications made hereunder, or otherwise, and Seller agrees that upon reasonable prior
notice unless an Event of Default shall have occurred, in which case no notice is required, to Seller, Buyer or its authorized representatives will be permitted during normal business hours to examine, inspect, and make copies and

  
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extracts of, the Mortgage Files and any and all documents, records, agreements, instruments or information relating to such Mortgage Loans in the possession or under the control of Seller or
Custodian. Seller also shall make available to Buyer a knowledgeable financial or accounting officer for the purpose of answering questions respecting the Mortgage Files and the Mortgage Loans. Without limiting the generality of the foregoing,
Seller acknowledges that Buyer may purchase Mortgage Loans from Seller based solely upon the information provided by Seller to Buyer in the Purchased Mortgage Loan Schedule and the representations, warranties and covenants contained herein, and that
Buyer, at its option, has the right at any time to conduct a partial or complete due diligence review on some or all of the Mortgage Loans purchased in a Transaction, including, without limitation, ordering broker’s price opinions, new credit
reports and new appraisals on the related Mortgaged Properties and otherwise re-generating the information used to originate such Mortgage Loan. Buyer may underwrite such Mortgage Loans itself or engage a
mutually agreed upon third party underwriter to perform such underwriting. Seller agrees to cooperate with Buyer and any third party underwriter in connection with such underwriting, including, but not limited to, providing Buyer and any third party
underwriter with access to any and all documents, records, agreements, instruments or information relating to such Mortgage Loans in the possession, or under the control, of Seller or Custodian. Seller further agrees that Seller shall pay all
out-of-pocket costs and expenses incurred by Buyer and Custodian in connection with Buyer’s activities pursuant to this Section 17 (“Due Diligence Costs”); provided, however, that Seller shall not be responsible for
Buyer’s due diligence costs incurred in connection with the initial due diligence conducted by Buyer prior to the date hereof. 
  

	SECTION 18.	 ASSIGNABILITY 

The rights and obligations of the parties under this Agreement and under any Transaction shall not be assigned by Seller without the prior
written consent of Buyer. Subject to the foregoing, this Agreement and any Transactions shall be binding upon and shall inure to the benefit of the parties and their respective successors and assigns. Nothing in this Agreement express or implied,
shall give to any Person, other than the parties to this Agreement and their successors hereunder, any benefit of any legal or equitable right, power, remedy or claim under this Agreement. Buyer may from time to time assign all or a portion of its
rights and obligations under this Agreement and the Facility Documents pursuant to an executed assignment and acceptance by Buyer and assignee (“Assignment and Acceptance”), specifying the percentage or portion of such rights and
obligations assigned. Upon such assignment, (a) such assignee shall be a party hereto and to each Facility Document to the extent of the percentage or portion set forth in the Assignment and Acceptance, and shall succeed to the applicable
rights and obligations of Buyer hereunder, and (b) Buyer shall, to the extent that such rights and obligations have been so assigned by it be released from its obligations hereunder and under the Facility Documents. Unless otherwise stated in
the Assignment and Acceptance, Seller shall continue to take directions solely from Buyer unless otherwise notified by Buyer in writing. Buyer may distribute to any prospective assignee any document or other information delivered to Buyer by Seller.

 Buyer may sell participations to one or more Persons in or to all or a portion of its rights and obligations under this Agreement;
provided, however, that (i) Buyer’s obligations under this Agreement shall remain unchanged, (ii) Buyer shall remain solely responsible to the other parties hereto for the performance of such obligations; and (iii) Seller shall
continue to deal solely and directly with Buyer in connection with Buyer’s rights and obligations under this Agreement and the other Facility Documents except as provided in Section 7. 

Buyer may, in connection with any assignment or participation or proposed assignment or participation pursuant to this Section 18,
disclose to the assignee or participant or proposed assignee or participant, as the case may be, any information relating to Seller or any of its Subsidiaries or to any aspect of the Transactions that has been furnished to Buyer by or on behalf of
Seller or any of its Subsidiaries; provided that such assignee or participant agrees to hold such information subject to the confidentiality provisions of this Agreement. 

  
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 In the event Buyer assigns all or a portion of its rights and obligations under this
Agreement, the parties hereto agree to negotiate in good faith an amendment to this Agreement to add agency provisions similar to those included in Agreements for similar syndicated repurchase facilities. 

 

	SECTION 19.	 TRANSFER AND MAINTENANCE OF REGISTER 

(a)    Subject to acceptance and recording thereof pursuant to paragraph (b) of this Section 19, from and after
the effective date specified in each Assignment and Acceptance the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of Buyer under this
Agreement. Any assignment or transfer by Buyer of rights or obligations under this Agreement that does not comply with this Section 19 shall be treated for purposes of this Agreement as a sale by such Buyer of a participation in such rights and
obligations in accordance with Section 19(b) hereof. 
 (b)    Seller shall maintain a register (the
“Register”) on which it will record Buyer’s rights hereunder, and each Assignment and Acceptance and participation. The Register shall include the names and addresses of Buyer (including all assignees, successors and
participants) and the percentage or portion of such rights and obligations assigned. Failure to make any such recordation, or any error in such recordation shall not affect Seller’s obligations in respect of such rights. If Buyer sells a
participation in its rights hereunder, it shall provide Seller, or maintain as agent of Seller, the information described in this paragraph and permit Seller to review such information as reasonably needed for Seller to comply with its obligations
under this Agreement or under any applicable Requirements of Law. 
  

	SECTION 20.	 HYPOTHECATION OR PLEDGE OF PURCHASED MORTGAGE LOANS 

Title to all Purchased Mortgage Loans and Repurchase Assets shall pass to Buyer and Buyer shall have free and unrestricted use of all Purchased
Mortgage Loans. Nothing in this Agreement shall preclude Buyer from engaging in repurchase transactions with the Purchased Mortgage Loans or otherwise pledging, repledging, transferring, hypothecating, or rehypothecating the Purchased Mortgage Loans
to any Person, including without limitation, the Federal Home Loan Bank. Nothing contained in this Agreement shall obligate Buyer to segregate any Purchased Mortgage Loans delivered to Buyer by Seller. 

 

	SECTION 21.	 TAX AND ACCOUNTING TREATMENT 

Each party to this Agreement acknowledges that it is its intent for purposes of U.S. federal, state and local income and franchise taxes, and
for accounting purposes, to treat each Transaction as indebtedness of Seller that is secured by the Purchased Mortgage Loans and that the Purchased Mortgage Loans are owned by Seller in the absence of a Default by Seller. All parties to this
Agreement agree to such treatment and agree to take no action inconsistent with this treatment, unless required by applicable Requirements of Law or GAAP. 
  

	SECTION 22.	 SET-OFF 

In addition to any rights and remedies of Buyer hereunder and by law, Buyer shall have the right, without prior notice to Seller, any such
notice being expressly waived by Seller to the extent permitted by applicable law, to set-off and appropriate and apply against any Obligation from Seller or any of Seller’s Affiliate to Buyer or any of Buyer’s Affiliates any and all
deposits (general or special, time or demand, provisional or final), in any currency, and any other obligation (including to return excess margin), 

  
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credits, indebtedness or claims or cash, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by or due from Buyer or
any Affiliate of Buyer to or for the credit or the account of Seller or any Affiliate of Seller. Buyer agrees promptly to notify Seller after any such set off and application made by Buyer; provided that the failure to give such notice shall not
affect the validity of such set off and application. 
 Buyer shall at any time have the right, in each case until such time as Buyer
determines otherwise, to retain, to suspend payment or performance of, or to decline to remit, any amount or property that Buyer would otherwise be obligated to pay, remit or deliver to Seller hereunder if an Event of Default or Default has
occurred. 
  

	SECTION 23.	 TERMINABILITY 

Each representation and warranty made or deemed to be made by entering into a Transaction, herein or pursuant hereto shall survive the making
of such representation and warranty, and Buyer shall not be deemed to have waived any Default or Event of Default that may arise because any such representation or warranty shall have proved to be false or misleading, notwithstanding that Buyer may
have had notice or knowledge or reason to believe that such representation or warranty was false or misleading at the time the Transaction was made. Notwithstanding any such termination or the occurrence of an Event of Default, all of the
representations and warranties and covenants hereunder shall continue and survive. 
  

	SECTION 24.	 NOTICES AND OTHER COMMUNICATIONS 

Except as otherwise expressly permitted by this Agreement, all notices, requests and other communications provided for herein (including
without limitation any modifications of, or waivers, requests or consents under, this Agreement) shall be given or made in writing (including without limitation by electronic transmission) delivered to the intended recipient at the “Address for
Notices” specified below its name on the signature pages hereof or thereof); or, as to any party, at such other address as shall be designated by such party in a written notice to each other party. In all cases, to the extent that the related
individual set forth in the respective “Attention” line is no longer employed by the respective Person, such notice may be given to the attention of a Responsible Officer of the respective Person or to the attention of such individual or
individuals as subsequently notified in writing by a Responsible Officer of the respective Person. Except as otherwise provided in this Agreement and except for notices given under Section 3 (which shall be effective only on receipt), all such
communications shall be deemed to have been duly given (a) when transmitted during business hours at the recipient’s place of business by email (if an email address for such purpose is provided for such Person), (b) when delivered, if
delivered by hand (including by courier or overnight delivery service), or (c) in the case of a mailed notice, upon receipt, in each case given or addressed as aforesaid. 

 

	SECTION 25.	 USE OF THE EVERBANK WAREHOUSE ELECTRONIC SYSTEM AND OTHER ELECTRONIC MEDIA 

Seller acknowledges and agrees that Buyer may require or permit certain transactions with Buyer be conducted electronically using Electronic
Records and/or Electronic Signatures. Seller consents to the use of Electronic Records and/or Electronic Signatures whenever expressly required or permitted by Buyer and acknowledges and agrees that Seller shall be bound by its Electronic Signature
and by the terms, conditions, requirements, information and/or instructions contained in any such Electronic Records. 
 Seller agrees to
adopt as its Electronic Signature its user identification codes, passwords, personal identification numbers, access codes, a facsimile image of a written signature and/or other symbols 

  
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or processes as provided or required by Buyer from time to time (as a group, any subgroup thereof or individually, hereinafter referred to as Seller’s Electronic Signature). Seller
acknowledges that Buyer will rely on any and all Electronic Records and on Seller’s Electronic Signature transmitted or submitted to Buyer. 

Buyer shall not be liable for the failure of either its or Seller’s internet service provider, or any other telecommunications company,
telephone company, satellite company or cable company to timely, properly and accurately transmit any Electronic Record or fax copy. 

Before engaging in Electronic Transactions with Seller, Buyer may provide Seller, or require Seller to create, user identification codes,
passwords, personal identification numbers and/or access codes, as applicable, to permit access to Buyer’s computer information processing system. Each Person permitted access to the EverBank Warehouse Electronic System must have a separate
identification code and password. Seller shall be fully responsible for protecting and safeguarding any and all user identification codes, passwords, personal identification numbers and access codes provided or required by Buyer. Seller shall adopt
and maintain security measures to prevent the loss, theft or unauthorized or improper disclosure or use of any and all user identification codes, passwords, personal identification numbers and/or access codes by Persons other than the individual
Person who is authorized to use such information. Seller shall notify Buyer immediately in the event (i) of any loss, theft or unauthorized disclosure or use of any of the user identification codes, passwords, personal identification numbers
and/or access codes or (ii) Seller has any reason to believe there has been a breach of security or that its access to EverBank Warehouse Electronic System is no longer secure for any reason. 

Seller understands and agrees that it shall be fully responsible for protecting and safeguarding its computer hardware and software from any
and all (a) computer “viruses,” “time bombs,” “trojan horses” or other harmful computer information, commands, codes or programs that may cause or facilitate the destruction, corruption, malfunction or
appropriation of, or damage or change to, any of Seller’s or Buyer’s computer information processing systems, including without limitation, all hardware, software, Electronic Records, information, data and/or codes and (b) computer
“worms,” “trap doors” or other harmful computer information, commands, codes or programs that enable unauthorized access to Seller’s and/or Buyer’s computer information processing systems, including without limitation,
all hardware, software, Electronic Records, information, data and/or codes. 
 Seller agrees that Buyer may, in its sole discretion and from
time to time, without limiting Seller’s liability set forth herein, establish minimum security standards that Seller must, at a minimum, comply with in an effort to (x) protect and safeguard any and all user identification codes,
passwords, personal identification numbers and/or access codes from loss, theft or unauthorized disclosure or use; and (y) prevent the infiltration and “infection” of Seller’s hardware and/or software by any and all computer
“viruses,” “time bombs,” “trojan horses,” “worms,” “trapdoors” or other harmful computer codes or programs. 

If Buyer, from time to time, establishes minimum security standards, Seller shall comply with such minimum security standards within the time
period established by Buyer. Buyer shall have the right to confirm Seller’s compliance with any such minimum security standards. Seller’s compliance with such minimum security standards shall not relieve Seller from any of its liability
set forth herein. 
 Whether or not Buyer establishes minimum security standards, Seller shall continue to be fully responsible for adopting
and maintaining security measures that are consistent with the risks associated with conducting electronic transactions with Buyer. Seller’s failure to adopt and maintain appropriate security measures or to comply with any minimum security
standards established by Buyer may result in, among other things, termination of Seller’s access to Buyer’s computer information processing systems. 

  
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 Seller understands and agrees that certain elements or components of the EverBank Warehouse
Electronic System may be provided by third party vendors, and hereby holds Buyer harmless from any liabilities, losses, damages, judgments, costs and expenses of any kind which may be imposed on, incurred by or asserted against any Seller Party
relating to or arising out of Seller’s use of the EverBank Warehouse System including, without limitation, the use or failure of any elements or components provided by third party vendors. 

 

	SECTION 26.	 ENTIRE AGREEMENT; SEVERABILITY; SINGLE AGREEMENT 

This Agreement, together with the Facility Documents, constitute the entire understanding between Buyer and Seller with respect to the subject
matter they cover and shall supersede any existing agreements between the parties containing general terms and conditions for repurchase transactions involving Purchased Mortgage Loans. By acceptance of this Agreement, Buyer and Seller each
acknowledge that they have not made, and are not relying upon, any statements, representations, promises or undertakings not contained in this Agreement. 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. 

Buyer and Seller acknowledge that, and have entered hereinto and will enter into each Transaction hereunder in consideration of and in
reliance upon the fact that all Transactions hereunder constitute a single business and contractual relationship and that each has been entered into in consideration of the other Transactions. Accordingly, each of Buyer and Seller agrees (i) to
perform all of its obligations in respect of each Transaction hereunder, and that a default in the performance of any such obligations shall constitute a default by it in respect of all Transactions hereunder, (ii) that Buyer shall be entitled
to set off claims and apply property held by it in respect of any Transaction against obligations owing to it in respect of any other Transaction hereunder, (iii) that payments, deliveries, and other transfers made by either of them in respect
of any Transaction shall be deemed to have been made in consideration of payments, deliveries, and other transfers in respect of any other Transactions hereunder, and the obligations to make any such payments, deliveries, and other transfers may be
applied against each other and netted, and (iv) to promptly provide notice to the other after any such set off or application. 
  

	SECTION 27.	 GOVERNING LAW 

THIS AGREEMENT SHALL BE GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW PRINCIPLES
THEREOF, OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW. NOTWITHSTANDING ANYTHING TO THE CONTRARY, THE EFFECTIVENESS, VALIDITY AND
ENFORCEABILITY OF ELECTRONIC CONTRACTS, OTHER RECORDS, ELECTRONIC RECORDS AND ELECTRONIC SIGNATURES USED IN CONNECTION WITH ANY ELECTRONIC TRANSACTION BETWEEN BUYER AND SELLER SHALL BE GOVERNED BY E-SIGN.

  

	SECTION 28.	 SUBMISSION TO JURISDICTION; WAIVERS 

BUYER AND SELLER HEREBY IRREVOCABLY AND UNCONDITIONALLY: 

(i)    PURSUANT TO SECTION 5-1402 OF THE NEW YORK GENERAL
OBLIGATIONS LAW, SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL 

  
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ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AND THE OTHER FACILITY DOCUMENTS, OR FOR RECOGNITION AND ENFORCEMENT OF ANY JUDGMENT IN RESPECT THEREOF, TO THE EXCLUSIVE PERSONAL JURISDICTION OF
THE COURTS OF THE STATE OF NEW YORK, THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, AND APPELLATE COURTS FROM ANY THEREOF; 

(ii)    CONSENTS THAT ANY SUCH ACTION OR PROCEEDING MAY BE BROUGHT IN SUCH COURTS AND, TO THE EXTENT
PERMITTED BY LAW, WAIVES ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT OR THAT SUCH ACTION OR PROCEEDING WAS BROUGHT IN AN INCONVENIENT COURT AND AGREES NOT TO PLEAD OR CLAIM THE
SAME; 
 (iii)    AGREES THAT SERVICE OF PROCESS IN ANY SUCH ACTION OR PROCEEDING MAY BE EFFECTED
BY MAILING A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL), POSTAGE PREPAID, TO ITS ADDRESS SET FORTH UNDER ITS SIGNATURE BELOW OR AT SUCH OTHER ADDRESS OF WHICH THE OTHER PARTY SHALL HAVE BEEN NOTIFIED;

 (iv)    AGREES THAT NOTHING HEREIN SHALL AFFECT THE RIGHT TO EFFECT SERVICE OF PROCESS IN ANY
OTHER MANNER PERMITTED BY LAW OR SHALL LIMIT THE RIGHT TO SUE IN ANY OTHER JURISDICTION; AND 

(v)    HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT
TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER FACILITY DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 
  

	SECTION 29.	 NO WAIVERS, ETC. 

No failure on the part of Buyer to exercise and no delay in exercising, and no course of dealing with respect to, any right, power or privilege
under any Facility Document shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege under any Facility Document preclude any other or further exercise thereof or the exercise of any other right,
power or privilege. The remedies provided herein are cumulative and not exclusive of any remedies provided by law. An Event of Default shall be deemed to be continuing unless expressly waived by Buyer in writing. 

 

	SECTION 30.	 CONFIDENTIALITY 

Buyer and Seller hereby acknowledge and agree that all written or computer-readable information provided by one party to any other regarding
the terms set forth in any of the Facility Documents or the Transactions contemplated thereby (the “Confidential Terms”) shall be kept confidential and shall not be divulged to any Person (other than the Custodian) without the prior
written consent of such other party except to the extent that (i) it is necessary to do so in working with legal counsel, auditors, taxing authorities or other governmental agencies or regulatory bodies or in order to comply with any applicable
federal or state laws, (ii) any of the Confidential Terms are in the public domain other than due to a breach of this covenant, or (iii) in the event of an Event of Default Buyer determines such information to be necessary or desirable to
disclose in connection with the marketing and sales of the Purchased Mortgage 

  
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Loans or otherwise to enforce or exercise Buyer’s rights hereunder. Notwithstanding the foregoing or anything to the contrary contained herein or in any other Facility Document, the parties
hereto may disclose to any and all Persons, without limitation of any kind, the federal, state and local tax treatment of the Transactions, any fact relevant to understanding the federal, state and local tax treatment of the Transactions, and all
materials of any kind (including opinions or other tax analyses) relating to such federal, state and local tax treatment and that may be relevant to understanding such tax treatment; provided that Seller may not disclose the name of or identifying
information with respect to Buyer or any pricing terms (including, without limitation, the Pricing Rate, Warehouse Fees, Purchase Price Percentage and Purchase Price) or other nonpublic business or financial information (including any sublimits and
financial covenants) that is unrelated to the federal, state and local tax treatment of the Transactions and is not relevant to understanding the federal, state and local tax treatment of the Transactions, without the prior written consent of Buyer.
The provisions set forth in this Section 30 shall survive the termination of this Agreement. 
 Notwithstanding anything in this
Agreement to the contrary, Seller shall comply with all applicable local, state and federal laws, including, without limitation, all privacy and data protection law, rules and regulations that are applicable to the Purchased Assets and/or any
applicable terms of this Agreement (the “Confidential Information”). Seller understands that the Confidential Information may contain “nonpublic personal information”, as that term is defined in Section 509(4) of the
Gramm-Leach-Bliley Act (the “GLB Act”), and Seller agrees to maintain such nonpublic personal information that it receives hereunder in accordance with the GLB Act and other applicable federal and state privacy laws. Seller shall
implement such physical and other security measures as shall be necessary to (a) ensure the security and confidentiality of the “nonpublic personal information” of the “customers” and “consumers” (as those terms
are defined in the GLB Act) of Buyer or any Affiliate of Buyer which Buyer holds, (b) protect against any threats or hazards to the security and integrity of such nonpublic personal information, and (c) protect against any unauthorized
access to or use of such nonpublic personal information. Seller shall, at a minimum establish and maintain such data security program as is necessary to meet the objectives of the Interagency Guidelines Establishing Standards for Safeguarding
Customer Information as set forth in the Code of Federal Regulations at 12 C.F.R. Parts 30, 208, 211, 225, 263, 308, 364, 568 and 570. Upon request, Seller will provide evidence reasonably satisfactory to allow Buyer to confirm that Seller has
satisfied its obligations as required under this Section. Without limitation, this may include Buyer’s review of audits, summaries of test results, and other equivalent evaluations of Seller. Seller shall notify Buyer immediately following
discovery of any breach or compromise of the security, confidentiality, or integrity of nonpublic personal information of the customers and consumers of Buyer or any Affiliate of Buyer provided directly to Seller by Buyer or such Affiliate. Seller
shall provide such notice to Buyer by personal delivery, by facsimile with confirmation of receipt, or by overnight courier with confirmation of receipt to the applicable requesting individual. 

 

	SECTION 31.	 INTENT 

(a)    The parties recognize that each Transaction is a “repurchase agreement” as that term is defined in
Section 101 of Title 11 of the United States Code, as amended and a “securities contract” as that term is defined in Section 741 of Title 11 of the United States Code, as amended and that all payments hereunder are deemed
“margin payments” or “settlement payments” as defined in Title 11 of the United States Code. 

(b)    It is understood that either party’s right to liquidate Purchased Mortgage Loans delivered to it in connection
with Transactions hereunder or to exercise any other remedies pursuant to Section 14 hereof is a contractual right to liquidate such Transaction as described in Sections 555 and 559 of Title 11 of the United States Code, as amended. 

  
 -57- 

 (c)    The parties agree and acknowledge that if a party hereto is an
“insured depository institution,” as such term is defined in the Federal Deposit Insurance Act, as amended (“FDIA”), then each Transaction hereunder is a “qualified financial contract,” a “repurchase
agreement” and a “securities contract” as such terms are defined in FDIA and any rules, orders or policy statements thereunder. 

(d)    It is understood that this Agreement constitutes a “netting contract” as defined in and subject to Title
IV of the Federal Deposit Insurance Corporation Improvement Act of 1991 (“FDICIA”) and each payment entitlement and payment obligation under any Transaction hereunder shall constitute a “covered contractual payment
entitlement” or “covered contractual payment obligation”, respectively, as defined in and subject to FDICIA (except insofar as one or both of the parties is not a “financial institution” as that term is defined in FDICIA).

  

	SECTION 32.	 DISCLOSURE RELATING TO CERTAIN FEDERAL PROTECTIONS 

The parties acknowledge that they have been advised that: 

(a)    in the case of Transactions in which one of the parties is a broker or dealer registered with the Securities and
Exchange Commission (“SEC”) under Section 15 of the Securities Exchange Act of 1934 (“1934 Act”), the Securities Investor Protection Corporation has taken the position that the provisions of the Securities
Investor Protection Act of 1970 (“SIPA”) do not protect the other party with respect to any Transaction hereunder; 

(b)    in the case of Transactions in which one of the parties is a government securities broker or a government
securities dealer registered with the SEC under Section 15C of the 1934 Act, SIPA will not provide protection to the other party with respect to any Transaction hereunder; and 

(c)    in the case of Transactions in which one of the parties is a financial institution, funds held by the financial
institution pursuant to a Transaction hereunder are not a deposit and therefore are not insured by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund, as applicable. 

 

	SECTION 33.	 AUTHORIZATIONS 

Any of the persons whose signatures and titles appear on Schedule 3 to the Pricing Letter are authorized, acting singly, to act for Seller or
Buyer, as the case may be, under this Agreement. 
  

	SECTION 34.	 ACKNOWLEDGEMENT OF ANTI-PREDATORY LENDING POLICIES 

Buyer has in place internal policies and procedures that expressly prohibit its purchase of any High Cost Mortgage Loan. 

 

	SECTION 35.	 MISCELLANEOUS 

(a)    Counterparts. This Agreement may be executed in any number of counterparts, all of which taken together shall
constitute one and the same instrument, and any of the parties hereto may execute this Agreement by signing any such counterpart. 

(b)    Captions. The captions and headings appearing herein are for included solely for convenience of reference
and are not intended to affect the interpretation of any provision of this Agreement. 

  
 -58- 

 (c)    Acknowledgment. Seller hereby acknowledges that: 

(i)    it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the
other Facility Documents; 
 (ii)    Buyer has no fiduciary relationship to any Seller Party; and 

(iii)    no joint venture exists between Buyer and any Seller Party. 

(d)    Documents Mutually Drafted. Seller and Buyer agree that this Agreement each other Facility Document prepared
in connection with the Transactions set forth herein have been mutually drafted and negotiated by each party, and consequently such documents shall not be construed against either party as the drafter thereof. 

(e)    Amendments. This Agreement and each other Facility Document (other than the EverBank Warehouse Customer
Guide) may only be amended by a written instrument signed by Buyer and Seller. The EverBank Warehouse Customer Guide may be amended from time to time without consent or assent by Seller and such amendments shall be effective immediately upon notice
to Seller of the change (whether that notice is sent individually or posted to EverBank Warehouse Electronic System) and Mortgage Loans sold to Buyer after the effective date of any such amendment shall be governed by the revised EverBank Warehouse
Customer Guide. 
  

	SECTION 36.	 GENERAL INTERPRETIVE PRINCIPLES 

For purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires: 

(a)    the terms defined in this Agreement have the meanings assigned to them in this Agreement and include the plural as
well as the singular, and the use of any gender herein shall be deemed to include the other gender; 
 (b)    accounting
terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles; 

(c)    references herein to “Articles”, “Sections”, “Subsections”, “Paragraphs”,
and other subdivisions without reference to a document are to designated Articles, Sections, Subsections, Paragraphs and other subdivisions of this Agreement; 

(d)    a reference to a Subsection without further reference to a Section is a reference to such Subsection as contained
in the same Section in which the reference appears, and this rule shall also apply to Paragraphs and other subdivisions; 

(e)    the words “herein”, “hereof”, “hereunder” and other words of similar import refer to
this Agreement as a whole and not to any particular provision; 
 (f)    the term “include” or
“including” shall mean without limitation by reason of enumeration; 
 (g)    all times specified herein or in
any other Facility Document (unless expressly specified otherwise) are local times in New York, New York unless otherwise stated; and 

  
 -59- 

 (h)    all references herein or in any Facility Document to “good
faith” means good faith as defined in Section 1-201(19) of the Uniform Commercial Code as in effect in the State of New York. 

[THIS SPACE INTENTIONALLY LEFT BLANK] 

  
 -60- 

 IN WITNESS WHEREOF, the parties have entered into this Agreement as of the date set forth
above. 
  

			
	BUYER:
	
	EVERBANK
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	EverBank
	100 Summer Street, Suite 3232
	Boston, Massachusetts 02110
	Attention: Stephen E. Burse
	E-mail: Stephen.Burse@EverBank.com
	Telephone No.: (857) 264-3543
	
	with copies to:
	
	EverBank
	501 Riverside Avenue
	12th Floor
	Jacksonville, Florida 32202
	Attention: Legal Department
	E-mail: Dave.Barrett@EverBank.com
	Telephone No.: (904) 623-8237
	
	Stoner Fox Law Group, LLP
	120 Vantis, Suite 300
	Aliso Viejo, CA 92656
	Attention: John E. Stoner
	E-mail: john@stonerfoxlaw.com
	Telephone No.: (949) 916-4599

  
 Signature Page to the
Master Repurchase Agreement 

 
			
	SELLER:
	
	LOANDEPOT.COM, LLC

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
	
	Address for Notices:
	
	loanDepot.com, LLC
	26642 Towne Center Drive
	Foothill Ranch, California 92610
	Attention: John Lee
	E-mail: jlee@loandepot.com
	Telephone No.: (949) 470-6231

  
 Signature Page to the
Master Repurchase Agreement 

 SCHEDULE 1 

SCHEDULE OF REPRESENTATIONS AND WARRANTIES REGARDING MORTGAGE LOANS 

Seller represents and warrants to Buyer, with respect to each Mortgage Loan submitted for purchase under the Agreement, that as of the
Purchase Date for the purchase of such Mortgage Loans by Buyer from Seller and as of the date of this Agreement and any Transaction hereunder and at all times while the Facility Documents and any Transaction hereunder is in full force and effect,
that the following are true and correct. For purposes of this Schedule 1 and the representations and warranties set forth herein, a breach of a representation or warranty shall be deemed to have been cured with respect to a Mortgage Loan if and when
Seller has taken or caused to be taken action such that the event, circumstance or condition that gave rise to such breach no longer adversely affects such Mortgage Loan. With respect to those representations and warranties which are made to the
best of Seller’s knowledge, if it is discovered by Seller or Buyer that the substance of such representation and warranty is inaccurate, notwithstanding Seller’s lack of knowledge with respect to the substance of such representation and
warranty, such inaccuracy shall be deemed a breach of the applicable representation and warranty. For the purposes of this Schedule 1, Seller agrees that to the extent that any representation or warranty is made to the best of Seller’s
knowledge, such qualification shall not be applicable with respect to the acts or omissions of such third party. 

A.    Underwriting Guidelines. Each Mortgage Loan conforms to the specifications set forth by this
Agreement, including, but not limited to, the Underwriting Guidelines, Buyer, Takeout Investor, Agency, and any insurer regulations, rules, guides and handbooks for loans eligible for sale to, insurance by or pooling to back securities issued or
guaranteed by, a Takeout Investor, Buyer, an Agency, or insurer. Each Conforming Mortgage Loan is eligible as collateral for Ginnie Mae mortgage backed securities or is eligible for purchase by an Agency. 

B.    Mortgage Loans as Described. The information set forth in the Mortgage Loan Schedule is
complete, true and correct. 
 C.    No Defenses. The Mortgage Loan, and the Assignment of
Proprietary Lease related to each Co-op Loan, is not subject to any right of rescission, set-off, counterclaim or defense, including without limitation the defense of
usury, nor will the operation of any of the terms of the Mortgage Note or the Mortgage, or the exercise of any right thereunder, render either the Mortgage Note or the Mortgage unenforceable, in whole or in part, and no such right of rescission, set-off, counterclaim or defense has been asserted with respect thereto, and no Mortgagor was a debtor in any state or federal bankruptcy or insolvency proceeding at, or subsequent to, the time the Mortgage Loan was
originated. 
 D.    Disbursement. The Mortgage Loan has been closed and the proceeds of the
Mortgage Loan have been fully disbursed, there is no requirement for future advances thereunder, any and all requirements as to completion of any on-site or off-site
improvements have been complied with, and any disbursements of any escrow funds have been made. All costs, fees and expenses incurred in making, or closing the Mortgage Loan and the recording of the Mortgage were paid to the appropriate parties, the
mortgage insurance premium or the VA guarantee fee has been paid as applicable, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or Mortgage. 

E.    Payments and Advances. Seller has not, and to the best of Seller’s knowledge no
Person has, advanced funds, or induced, solicited or received any advance of funds by a Person other than the Mortgagor, directly or indirectly, for the payment of any amount required under or to obtain the Mortgage Loan, or any tax, insurance,
special assessment, sewer, utility or similar payments with respect 

  
 Sch. 1-1 

 
to the Mortgaged Property. The Mortgagor has made any down payment required in connection with the Mortgage Loan, and has received no concession from Seller, the seller of the Mortgaged Property
or any other third Person, except as clearly disclosed in the Mortgage File and in writing to Buyer. No subordinate financing was used in the Mortgagor’s acquisition of the property securing the Mortgage Loan other than subordinate financing
acceptable to Buyer, Fannie Mae, Freddie Mac, Ginnie Mae, HUD, VA or applicable Takeout Investor pursuant to their requirements in effect at the time of purchase of the Mortgage Loan by the Buyer. 

F.    Compliance with Requirements of Law. Any and all Requirements of Law, including, but not
limited to, usury, truth in lending, real estate settlement procedures, consumer credit protection, equal credit opportunity, disclosure, unfair and deceptive practices laws, securities laws or privacy laws, applicable to the Mortgage Loan have been
satisfied and complied with, and the consummation of the transactions contemplated hereby will not involve the violation of any Requirements of Law. Seller shall maintain in its possession, available for Buyer’s inspection, and shall deliver to
Buyer upon reasonable demand, evidence of compliance with all Requirements of Law. 
 G.    Co-op Loan: Compliance with Law. With respect to each Co-op Loan, the related cooperative corporation that owns title to the related cooperative apartment
building is a “cooperative housing corporation” within the meaning of Section 216 of the Code, and is in material compliance with applicable Requirements of Law which, if not complied with, could have a material adverse effect on the
Mortgaged Property. 
 H.    Mortgage Insurance. There are no defenses, counterclaims, or
rights of setoff, or other facts or circumstances affecting the eligibility of the Mortgage Loans for insurance by an insurer, or affecting the validity or enforceability of any mortgage insurance or mortgage guaranty with respect to the Mortgage
Loan as a result of any act, error or omission of Seller or of any other Person including, but not limited to, the FHA insurance. The related FHA policy calls for the assignment of the Mortgage Loan to FHA as opposed to the co-insurance option. The entire amount of the insurance premium has been paid to FHA in accordance with the FHA Regulations and no portion of such premium is shared with or by Seller or, if the monthly premium
option has been chosen for such Mortgage Loan, all such premiums due on or before the related Purchase Date have been duly and timely paid. 

I.    Damage; Condemnation. There is no proceeding pending for the total or partial
condemnation of the Mortgaged Property and such Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the Mortgaged Property as security for
the Mortgage Loan, the use for which the Mortgaged Property was intended or the eligibility of the Mortgage Loan for full payment of insurance benefits, and there are no pending or threatened proceedings for total or partial condemnation of the
Mortgaged Property. Each Mortgaged Property is in good repair. Seller has completed any property inspections required by FHA Regulations, other Requirements of Law, and such inspections, if any, show no evidence of property damage or deferred
maintenance, unless the property damage and deferred maintenance was considered part of the initial Repair Set Aside Account disclosed in the Mortgage File at closing. 

J.    Type of Mortgaged Property. The Mortgaged Property is located in the state identified in
the Mortgage File and consists of a single parcel of real property with a detached single-family residence erected thereon, or a two-to-four-family dwelling, a townhouse, or an individual condominium unit in a
condominium, or a Co-op Unit, or an individual unit in a planned unit development, or an individual or a manufactured home on owned or leased land; provided, however, that any condominium unit, Co-op Project or planned unit development conforms with Takeout Investor and insurer requirements with respect to such dwellings, and that no residence or dwelling is a mobile home. If the Mortgaged Property is a
condominium unit or a unit in a planned unit development (other than a de minimis planned unit 

  
 Sch. 1-2 

 
development) or a Co-op Unit such condominium or planned unit development project is (i) acceptable to Fannie Mae or Freddie Mac or (ii) located
in a condominium or planned unit development project which has received project approval from Fannie Mae or Freddie Mac. The representations and warranties required by Fannie Mae with respect to such condominium or planned unit development have been
satisfied and remain true and correct. No portion of the Mortgaged Property is used for commercial purposes provided, that Mortgaged Properties which contain a home office shall not be considered as being used for commercial purposes as long as the
Mortgaged Property has not been altered for commercial purposes and is not storing any chemicals or raw materials other than those commonly used for homeowner repair, maintenance and/or household purposes. 

K.    Leaseholds. If the Mortgage Loan is secured by a long term residential lease,
(1) the lessor under the lease holds a fee simple interest in the land; (2) the terms of such lease expressly permit the mortgaging of the leasehold estate, the assignment of the lease without the lessor’s consent and the acquisition
by the holder of the Mortgage of the rights of the lessee upon foreclosure or assignment in lieu of foreclosure or provide the holder of the Mortgage with substantially similar protections; (3) the terms of such lease do not (a) allow the
termination thereof upon the lessee’s default without the holder of the Mortgage being entitled to receive written notice of, and opportunity to cure, such default, (b) allow the termination of the lease in the event of damage or
destruction as long as the Mortgage is in existence, (c) prohibit the holder of the Mortgage from being insured (or receiving proceeds of insurance) under the hazard insurance policy or policies relating to the Mortgaged Property or
(d) permit any increase in rent other than pre-established increases set forth in the lease; (4) the original term of such lease is not less than 15 years; (5) the term of such lease does not
terminate earlier than five years after the maturity date of the Mortgage Note; and (6) the Mortgaged Property is located in a jurisdiction in which the use of leasehold estates in transferring ownership in residential properties is a widely
accepted practice. 
 L.    Good Title. Immediately prior to the transfer and assignment of
the Mortgage Loan to the Buyer, the Mortgage Loan is not assigned or pledged, and Seller has good, indefeasible, and marketable title thereto, and Seller is the sole owner and holder of the Mortgage Loan and the indebtedness evidenced by each
Mortgage Note (and with respect to any Co-op Loan, the sole owner of the related Assignment of Proprietary Lease), free and clear of any and all Liens, of any nature, and there has been no other sale,
transfer, or assignment of security interest granted by the Seller to any other party, nor are there any other restrictions limiting the transfer of the Mortgage Loan, and Seller has full right, title and authority, subject to no interest or
participation of, agreement with, or approval of, any other Person, to sell, assign and transfer the Mortgage Loan pursuant to this Agreement and following the sale of each Mortgage Loan, the Buyer will own such Mortgage Loan free and clear of any
encumbrance, equity, participation interest, Lien, pledge, charge, claim or security interest. Seller intends to relinquish all rights to possess, control and monitor each Mortgage Loan. 

M.    Co-op Loan: No Pledge. With respect to each Co-op Loan, there is no prohibition against pledging the shares of the cooperative corporation or assigning the Proprietary Lease. With respect to each Co-op Loan,
(i) the term of the related Proprietary Lease is longer than the term of the Co-op Loan, (ii) there is no provision in any Proprietary Lease which requires the Mortgagor to offer for sale the Co-op Shares owned by such Mortgagor first to the Co-op Corporation, (iii) there is no prohibition in any Proprietary Lease against pledging the Co-op Shares or assigning the Proprietary Lease and (iv) the Recognition Agreement is on a form of agreement published by Aztech Document Systems, Inc. as of the date hereof or includes provisions which are no
less favorable to the lender than those contained in such agreement. 
 N.    No Litigation.
There is no pending and no threatened litigation, which may affect in any way, by attachment or otherwise, the title or interest of the Seller in and to the Mortgage Loan, the property securing the Mortgage Loan, or any related note or security
instrument. 

  
 Sch. 1-3 

 O.    Mortgage File. The Mortgage File
contains each of the documents and instruments required by the Custodial Agreement and by applicable Requirements of Law or the related Takeout Investor or insurer requirements, duly executed and in due and proper form and each such document or
instrument is genuine and in form acceptable to Takeout Investors and insurers and the information contained therein is true, accurate and complete. The Mortgage Loan was originated in accordance with Takeout Investor and insurer underwriting
standards in effect at the time the Mortgage Loan was originated. 
 P.    Occupancy;
Inspection. As of the Purchase Date, the Mortgaged Property is lawfully occupied under all applicable Requirements of Law. All inspections, licenses and certificates required to be made or issued with respect to all occupied portions
of the Mortgaged Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting certificates, have been made or obtained from the appropriate authorities. 

Q.    No Outstanding Charges. There are no defaults in complying with the terms of the
Mortgage Loan, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds or a tax and insurance set-aside has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable. 

R.    Original Terms Unmodified. The terms of the Mortgage Note (and the Proprietary Lease and
the Pledge Instruments with respect to each Co-op Loan) and Mortgage have not been impaired, waived, altered or modified in any respect, except by a written instrument that has: (a) been recorded, if
necessary to protect the interests of Buyer; and (b) been delivered to the Custodian. The substance of any such waiver, alteration or modification has been approved by the issuer of any related mortgage insurance and the title insurer, to the
extent required by the policy, and, as applicable, its terms are reflected on the Mortgage Loan Schedule. No Mortgagor has been released in whole or in part, except in connection with an assumption agreement approved by the issuer of any related
private mortgage insurance policy and the title insurer to the extent required by the policy, and which assumption agreement is part of the Mortgage File delivered to the Custodian and the terms of which are reflected in the Mortgage Loan Schedule.

 S.    No Satisfaction of Mortgage. The Mortgage has not been satisfied, canceled,
subordinated or rescinded, in whole or in part, and the Mortgaged Property has not been released from the Lien of the Mortgage, in whole or in part, nor has any instrument been executed that would effect any such release, cancellation, subordination
or rescission. Seller has not waived the performance by the Mortgagor of any action, if the Mortgagor’s failure to perform such action would cause the Mortgage Loan to be in default, nor has Seller waived any default resulting from any action
or inaction by the Mortgagor. 
 T.    Valid First Lien. The Mortgage is a valid,
subsisting, enforceable and perfected first Lien on the Mortgaged Property including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to
such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. There is no delinquent tax or assessment Lien against the Mortgaged Property, and the Seller has paid all property tax bills. The Lien of
the Mortgage is subject only to: 
 (a)    the Lien of current real property taxes and assessments not yet due and
payable; 
 (b)    covenants, conditions and restrictions, rights of way, easements and other matters of the public
record as of the date of recording acceptable to prudent mortgage lending Institutions 

  
 Sch. 1-4 

 
generally and specifically referred to in the lender’s title insurance policy delivered to the originator of the Mortgage Loan and: (i) referred to or to otherwise considered in the
Appraisal relating to the Mortgage Loan; or (ii) that do not adversely affect the Appraised Value of the Mortgaged Property set forth in such Appraisal; and 

(c)    other matters to which like properties are commonly subject which do not materially interfere with the benefits of
the security intended to be provided by the Mortgage or the use, enjoyment, value or marketability of the related Mortgaged Property. 
 Any
security agreement, chattel mortgage or equivalent document related to and delivered in connection with the Mortgage Loan establishes and creates a valid, subsisting, enforceable and perfected first priority Lien on the Mortgaged Property described
therein and Seller has full right to sell and assign the same to the Buyer in accordance with the Requirements of Law and any and all contractual obligations. The Mortgaged Property was not, as of the date of origination of the Mortgage Loan, unless
otherwise indicated, subject to a mortgage, deed of trust, deed to secure debt or other security instrument creating a Lien subordinate to the Lien of the Mortgage. 

U.    Co-op Loan: Valid First Lien. With respect to
each Co-op Loan, the related Mortgage is a valid, enforceable and subsisting first security interest on the related cooperative shares securing the related cooperative note and lease, subject only to
(a) liens of the cooperative for unpaid assessments representing the Mortgagor’s pro rata share of the cooperative’s payments for its blanket mortgage, current and future real property taxes, insurance premiums, maintenance fees and
other assessments to which like collateral is commonly subject and (b) other matters to which like collateral is commonly subject which do not materially interfere with the benefits of the security intended to be provided by the security
interest. There are no liens against or security interests in the cooperative shares relating to each Co-op Loan (except for unpaid maintenance, assessments and other amounts owed to the related cooperative
which individually or in the aggregate will not have a material adverse effect on such Co-op Loan), which have priority equal to or over the Seller’s security interest in such Co-op Shares. 
 V.    No Fraud. The Mortgage Note and the
Mortgage and any other agreement executed and delivered by a Mortgagor in connection with a Mortgage Loan are genuine, and each is the legal, valid and binding obligation of the maker thereof, enforceable in accordance with its terms. All parties to
the Mortgage Note and the Mortgage and any other related agreement had legal capacity to enter into the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage and any other related agreement, and the Mortgage Note and the
Mortgage and any other such related agreement have been duly and properly executed by such Persons. The documents, instruments and agreements submitted for Mortgage Loan underwriting were not falsified and contain no untrue statement of material
fact nor do they omit to state a material fact required to be stated therein or necessary to make the information and statements therein not misleading. No fraud, error, omission, misrepresentation, negligence or similar occurrence was committed in
connection with the origination of the Mortgage Loan. 
 W.    Title Insurance. Each
Mortgage Loan is covered by an ALTA lender’s title insurance policy, or with respect to any Mortgage Loan for which the related Mortgaged Property is located in California, a CLTA lender’s title insurance policy, or other generally
acceptable form of policy of insurance, issued by a title insurer qualified to do business in the jurisdiction where the Mortgaged Property is located, insuring Seller, its successors and assigns: (a) as to the first priority Lien of the
Mortgage; and (b) against any loss by reason of the invalidity or unenforceability of the Lien resulting from the provisions of the Mortgage providing for adjustment in the Mortgage Interest Rate and Monthly Payment with respect to each
Adjustable Rate Loan, subject only to the exceptions contained in clauses (a), (b), and (c) of Part T of this Schedule 1. Where required by state Requirements of Law applicable to Seller, the Mortgagor has been given the opportunity to choose
the carrier of the required mortgage title insurance. Additionally, 

  
 Sch. 1-5 

 
such lender’s title insurance policy affirmatively insures ingress and egress, and against encroachments by or upon the Mortgaged Property or any interest therein. The Seller, and its
successors and assigns, are the sole insured of such lender’s title insurance policy, and such lender’s title insurance policy is valid and in full force and effect and will be in force and effect upon the consummation of the transactions
contemplated by this Agreement. No claims have been made under such lender’s title insurance policy, and no prior holder of the Mortgage, including Seller, has done, by act or omission, anything that would impair the coverage of such
lender’s title insurance policy. With respect to each manufactured home, a search for filings of financing statements has been made by a company competent to do same and such search has not found anything which would materially and adversely
affect the Mortgage Loan secured by a manufactured home including, but not limited to, the priority of the Lien or perfection of the Mortgage Loan secured by a manufactured home. 

X.    Hazard Insurance. For each Mortgage Loan, pursuant to the terms of the Mortgage, all
buildings or other improvements upon the Mortgaged Property are insured by an insurer acceptable to the Buyer against loss by fire, hazards of extended coverage and such other hazards as are customary in the area where the Mortgaged Property is
located, as are provided for by Fannie Mae or by Freddie Mac, as well as all additional requirements set forth in the Underwriting Guidelines. Mortgagor has obtained coverage in an amount which is at least equal to the full insurable value of the
improvements on the Mortgaged Property. The policy either includes provisions for inflation adjustments or guaranteed replacement cost coverage of the Mortgaged Property. In the case of flood insurance, Mortgagor has obtained the maximum amount of
insurance that is available under the National Flood Insurance Act of 1968. If upon origination of the Mortgage Loan, the Mortgaged Property was in an area identified in the Federal Register by the Federal Emergency Management Agency as having
special flood hazards (and such flood insurance has been made available), a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration is in effect which policy conforms to all Requirements of
Law and applicable insurer and Takeout Investor requirements. All individual insurance policies contain a standard mortgagee clause naming Seller and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage
obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor’s cost and expense, and on the Mortgagor’s failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such
Mortgagor’s cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state Requirements of Law applicable to Seller, the Mortgagor has been given an opportunity to choose the carrier of the required hazard
insurance, provided the policy is not a “master” or “blanket” hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer,
is in full force and effect, and will be in full force and effect and inure to the benefit of Buyer upon the consummation of the transactions contemplated by this Agreement. Seller has not engaged in, and has no knowledge of the Mortgagor’s or
any servicer’s having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either. 

Y.    No Default. The Mortgage Loan is current and all payments have been made within the
month such payments were due, and if the Mortgage Loan is a Co-op Loan, no foreclosure action or private or public sale under the Uniform Commercial Code has ever, to the knowledge of the Seller, been
threatened or commenced with respect to the Co-op Loan. There is no default, breach, violation or event of acceleration existing under the Mortgage or the Mortgage Note and no event that, with the passage of
time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event of acceleration, and neither Seller nor its predecessors have waived any default, breach, violation or event of acceleration.
With respect to each Co-op Loan, there is no default in complying with the terms of the Mortgage Note, the Assignment of Proprietary Lease and the Proprietary Lease and all maintenance charges and assessments
(including assessments payable in the future installments, which previously became due and owing) have been paid, and the Seller has the right under the terms of the Mortgage Note, Assignment of Proprietary Lease and Recognition Agreement to pay any
maintenance charges or assessments owed by the Mortgagor. 

  
 Sch. 1-6 

 Z.    No Mechanics’ Liens. There are no
mechanics’ or similar Liens or claims that have been filed for work, labor or material (and no rights are outstanding that under the law could give rise to such Liens) affecting the related Mortgaged Property that are or may be Liens prior to,
or equal or coordinate with, the Lien of the related Mortgage. 
 AA.    Location of
Improvements. All improvements that were considered in determining the Appraised Value of the Mortgaged Property lay wholly within the boundaries and building restriction lines of the Mortgaged Property and no improvements on
adjoining properties encroach upon the Mortgaged Property. No improvement located on or being part of the Mortgaged Property is in violation of any applicable zoning law or regulation. 

BB.    Customary Provisions. The Mortgage contains customary and enforceable provisions such
as to render the rights and remedies of the holder thereof adequate for the realization against the Mortgaged Property of the benefits of the security provided thereby, including: (a) in the case of a Mortgage designated as a deed of trust, by
trustee’s sale; and (b) otherwise by judicial foreclosure. Upon default by a Mortgagor on a Mortgage Loan and foreclosure on, or trustee’s sale of, the Mortgaged Property pursuant to the proper procedures, the holder of the Mortgage
Loan will be able to deliver good and merchantable title to the Mortgaged Property. There is no homestead or other exemption or other right available to a Mortgagor that would interfere with the right to sell the Mortgaged Property at a
trustee’s sale or the right to foreclose the Mortgage. 
 CC.    No Additional
Collateral. The Mortgage Note is not and has not been secured by any collateral except the Lien of the corresponding Mortgage and the security interest of any applicable security agreement or chattel mortgage referred to in Sections T
and U of this Schedule 1. 
 DD.    Deeds of Trust. In the event the Mortgage constitutes a
deed of trust, a trustee, duly qualified under the Requirements of Law and Takeout Investor and insurer requirements to serve as such, has been properly designated and currently so serves and is named in the Mortgage, and no fees or expenses are or
will become payable by Buyer to the trustee under the deed of trust, except in connection with a trustee’s sale after default by the Mortgagor. 

EE.    Acceptable Investment. There are no circumstances or conditions with respect to the
Mortgage, the Mortgaged Property, the Mortgagor or the Mortgagor’s credit standing that may cause: (a) private institutional investors or a Takeout Investor to regard the Mortgage Loan as an unacceptable investment; or (b) the
Mortgage Loan to become a Delinquent Mortgage Loan or adversely affect the value or marketability of the Mortgage Loan. 

FF.    FICO Scores. Each Mortgage Loan has a
non-zero FICO score. 
 GG.    Due on Sale. The
Mortgage contains an enforceable provision for the acceleration of the payment of the unpaid principal balance of the Mortgage Loan in the event that the Mortgaged Property is sold or transferred without the prior written consent of the mortgagee
thereunder. 
 HH.    Co-op Loans: Acceleration of
Payment. With respect to each Co-op Loan, each Assignment of Proprietary Lease contains enforceable provisions such as to render the rights and remedies of the holder thereof adequate for the
realization of the material benefits of the security provided thereby. The Assignment of Proprietary Lease contains an enforceable provision for the acceleration of the payment of the unpaid principal balance of the Mortgage Note in the event the Co-op Unit is transferred or sold without the consent of the holder thereof. 

  
 Sch. 1-7 

 II.    Origination and Collection Practices.
The origination, servicing and collection practices used with respect to the Mortgage Loan have been in accordance with Accepted Servicing Practices and the terms of the Mortgage File, the Requirements of Law and any and all contractual obligations
of Seller (including those obligations contained in this Agreement), including the FHA Regulations relating to loss mitigation, and Takeout Investor or insurer guidelines, and have been in all respects legal, proper and prudent in the mortgage
origination and servicing business. All Mortgage Interest Rate adjustments have been made in compliance with applicable state and federal law and the terms of the related Mortgage and Mortgage Note on the related adjustment date. Seller executed and
delivered any and all notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Interest Rate and any payment adjustments. All advances required to be made under the Mortgage Notes have been
made within the time frame therein specified and in accordance with the Mortgage File, FHA Regulations and Requirements of Law. Any interest required to be paid pursuant to applicable state, federal and local law has been properly paid and credited.
The terms of the Mortgage Loan do not require the owner of the Mortgage Loan to make escrow payments on behalf of the Mortgagor. All escrow deposits and escrow payments, if any, are in the possession of, or under the control of, Seller or
Subservicer and have been collected and handled in full compliance with all Requirements of Law and the provisions of the related Mortgage Note and Mortgage, and there exist no deficiencies in connection therewith for which customary arrangements
for repayment thereof have not been made. No escrow deposits or escrow payments or other charges or payments due the Seller have been capitalized under the Mortgage Note. 

JJ.    Appraisal. Except with respect to Agency HARP2 Loans for which an Appraisal is not
required in accordance with the terms of the relevant program, the Mortgage File contains an Appraisal of the related Mortgaged Property signed prior to the approval of the Mortgage Loan application by a qualified appraiser, duly appointed by
Seller, who had no interest, direct or indirect in the Mortgaged Property or in any loan made on the security thereof; and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, and the Appraisal and appraiser both
satisfy the requirements of Title XI of the Federal Institutions Reform, Recovery, and Enforcement Act of 1989 and the regulations promulgated thereunder, and all Requirements of Law and Takeout Investor or insurer requirements, each as in effect on
the date the Mortgage Loan was originated. Seller has no knowledge of any circumstances or condition which might indicate that the Appraisal is incomplete or inaccurate. In addition, the Appraisal was prepared in accordance with USPAP Guidelines.
The appraiser for the Mortgage Loan was duly licensed or certified under the applicable law where the Mortgage Loan was originated, and for each Government Mortgage Loan was acceptable to the FHA or VA, as applicable, and for each Conventional
Mortgage Loan was acceptable to Fannie Mae, Freddie Mac and/or the Takeout Investor, as applicable. The Seller will maintain documentation evidencing each appraiser’s qualification and licensing or certification, which will promptly be provided
to the Buyer upon request. 
 KK.    Servicemembers Civil Relief Act. The Mortgagor has not
notified Seller, and Seller has no knowledge of any relief requested or allowed to the Mortgagor under the Servicemembers Civil Relief Act or any similar state statute or regulation. 

LL.    Environmental Matters. There is no pending action or proceeding directly involving the
Mortgaged Property in which compliance with any environmental law, rule or regulation is an issue. To the best of Seller’s knowledge, the Mortgaged Property is free from any and all toxic or hazardous substances and there exists no violation of
any local, state or federal environmental law, rule or regulation. 

  
 Sch. 1-8 

 MM.    No Denial of Insurance. No action,
inaction, or event has occurred and no state of fact exists or has existed that has resulted or will result in the exclusion from, denial of, or defense to coverage under any applicable pool insurance policy, special hazard insurance policy, private
mortgage insurance or other mortgage insurance policy, including, but not limited to FHA mortgage insurance, or bankruptcy bond, irrespective of the cause of such failure of coverage. 

NN.    Conversion to Fixed Interest Rate. With respect to each Adjustable Rate Loan, the
Mortgage Note does not contain a provision permitting or requiring conversion to a fixed interest rate Mortgage Loan. 

OO.    Tax Service Contract. Seller has obtained a life of loan, transferable real estate tax
service contract with an Approved Tax Service Contract Provider on each Mortgage Loan and such contract is assignable to Buyer, and its successors and assigns, without cost. 

PP.    Flood Certification Contract. Seller has obtained a life of loan, transferable flood
certification contract for each Mortgage Loan with an Approved Flood Policy Insurer, and such contract is assignable to Buyer, and its successors and assigns, without cost. 

QQ.    Underwriting and Origination. The Mortgage Loan was completely underwritten and
originated by Seller. 
 RR.    Reserved. 

SS.    MERS/Assignment of Mortgage. Either (a) such Mortgage Loan meets the definition of
MERS Designated Loan in the Electronic Tracking Agreement, was properly registered in the MERS System at the time of its origination and has continuously remained so registered, and has MERS as the record mortgagee or beneficiary or (b) Seller
has delivered (or will deliver by the Wet Delivery Deadline) to Custodian a duly executed Assignment of Mortgage (provided that the delivery of an Assignment of Mortgage shall be available solely with respect to any Mortgage Loan for which the
relevant State Agency Program Loan or Government Mortgage Loan guidelines do not allow for the use of the MERS System). 

TT.    Repairs and Improvements. All repairs or improvements which if not made would
result in the loss of any insurance coverage, including FHA insurance, on the related Mortgaged Property have been made to such Mortgaged Property, or set-aside amounts for such repairs or improvements have
been included in the related Mortgage and Mortgage Note, all in compliance with the Requirements of Law, including, but not limited to, the applicable requirements of FHA Regulations. Except as otherwise disclosed in writing to Buyer, any repairs
for which an advance has been made were completed and passed an inspection in accordance with the FHA Regulations. 

UU.    Interest Calculation. Interest on each Mortgage Loan is calculated in accordance
with the related Mortgage Note and the Requirements of Law, including, but not limited to, the applicable FHA Regulations. None of the Mortgage Loans provide for simple interest calculation. 

VV.    Construction or Rehabilitation of Mortgaged Property. Either (i) the
Mortgage Loan was not made in connection with the construction or rehabilitation of a Mortgaged Property or facilitating the trade-in or exchange of a Mortgaged Property or (ii) the Mortgaged Property has
a certificate of completion if such Mortgage Loan was made in connection with the construction or rehabilitation of the related Mortgaged Property. 

  
 Sch. 1-9 

 WW.    Qualified Mortgage. The
Mortgage Loan is a “qualified mortgage” within the meaning of Section 860G(a)(3) of the Internal Revenue Code of 1986, as amended . 

XX.    FEMA Designations. Except as otherwise disclosed in writing to Buyer, no
Mortgaged Property (i) is in a zip code declared by the Federal Emergency Management Agency or any successor agency (“FEMA”) as a federal disaster area and (ii) has been declared by FEMA as being an “Individual
Assistance” property or “Category 1” property (or such similar term(s) or classification(s) that may be used by FEMA from time to time) . 

YY.    Credit Information. As to each consumer report (as defined in the Fair Credit
Reporting Act, Public Law 91-508) or other credit information furnished by the Seller to the Buyer in connection with a Mortgage Loan, Seller has full right and authority and is not precluded by law or
contract from furnishing such information to the Buyer and its designee and, to the best of Seller’s knowledge, the Buyer is not precluded from furnishing the same to any subsequent or prospective purchaser of such Mortgage Loan. 

ZZ.    Predatory Lending Regulations. No Mortgage Loan is a High Cost Mortgage Loan. No
predatory or deceptive lending practices, including, without limitation, the extension of credit without regard to the ability of the Mortgagor to repay and the extension of credit which has no apparent benefit to the Mortgagor, were employed in the
origination of the Mortgage Loan. 
 AAA.    Compliance with Anti-Money Laundering
Laws. Seller has complied with all applicable anti-money laundering laws and regulations, including without limitation the USA Patriot Act of 2001 (collectively, the “Anti-Money Laundering Laws”) with respect to the
Mortgage Loans; Seller has established an anti-money laundering compliance program as required by the Anti-Money Laundering Laws, has conducted the requisite due diligence in connection with the origination of each Mortgage Loan for purposes of the
Anti-Money Laundering Laws as applicable as of the origination date, including with respect to the legitimacy of the applicable Mortgagor and the origin of the assets used by the said Mortgagor to purchase the property in question, and maintains,
and will maintain, sufficient information to identify the applicable Mortgagor for purposes of the Anti-Money Laundering Laws. 

BBB.    Purchase of Insurance. No Mortgagor was required to purchase any credit life,
disability, accident or health insurance product as a condition of obtaining the extension of credit. No Mortgagor obtained a prepaid single-premium credit life, disability, accident or health insurance policy in connection with the origination of
the Mortgage Loan. No proceeds from any Mortgage Loan were used to purchase single premium credit insurance policies as part of the origination of, or as a condition to closing, such Mortgage Loan. 

CCC.    Governmental Requirements. Each Government Mortgage Loan conforms with all
applicable FHA or VA underwriting, lending, selling and servicing requirements and with all Ginnie Mae requirements for the inclusion of the Mortgage Loan in a Ginnie Mae mortgage-backed security pool, and the Seller will comply with all
documentation requirements of the Buyer and the document custodian within the time limitations described in the Facility Documents. If a Takeout Commitment requires the Mortgage Loan to be FHA-insured, the
Mortgage Loan is fully eligible for FHA insurance and is, or within 60 days after disbursement of the proceeds by the Seller will be, fully insured by the FHA. If a Takeout Commitment requires the Mortgage Loan to be guaranteed by VA, the Mortgage
Loan is fully-eligible for VA guaranty, and is, or within 60 days after disbursement of the proceeds by the Seller will be, fully guaranteed by VA. 

DDD.    Conventional Mortgage Loan Requirements. Each Conventional Mortgage Loan
conforms with all applicable requirements of the Buyer, Agencies or applicable Takeout Investor, 

  
 Sch. 1-10 

 
including, but not limited to, all requirements for the inclusion of such Conventional Mortgage Loans in any pool of loans or private security as designated by the Buyer, Freddie Mac and Fannie
Mae, and each Conventional Mortgage Loan conforms with all pooling requirements of the Agency or Takeout Investor. If a Takeout Commitment requires the Mortgage Loan to be insured by a policy of private mortgage insurance, the Mortgage Loan is fully
eligible and qualified to be insured by such policy of private mortgage insurance, such policy is in full force and effect, and no event or condition exists which could give rise to or result in a revocation of or defense to the policy. 

EEE.    No Buydown Provisions; No Graduated Payments or Contingent Interests. The
Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with funds deposited in any separate account established by Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source
other than the Mortgagor nor does it contain any other similar provisions which may constitute a “buydown” provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or
other contingent interest feature. 
 FFF.    Regarding the Mortgagor. The Mortgagor
is one or more natural persons and/or trustees for an Illinois land trust or a trustee under a “living trust” and such “living trust” is in compliance with Fannie Mae guidelines for such trusts. The Mortgagor is not, and is not a
Relative of or the Relative of a spouse of, an owner, officer, director, or employee of a Seller Party or an Affiliate of a Seller Party. 

GGG.     High Interest Rate Credit/Lending Transactions. The Mortgage Loan is not
subject to section 226.32 of Regulation Z or any similar state Requirement of Law (relating to high interest rate credit/lending transactions). 

  
 Sch. 1-11 

 EXHIBIT A 

FORM OF OPINIONS 
 EverBank 

[                    ] 

[                    ] 

Attention:                      

Ladies and Gentlemen: 
 You have requested our opinion as
counsel to loanDepot.com, LLC, a limited liability company organized and existing under the laws of the State of Delaware (the “Seller”), with respect to certain matters in connection with that certain (i) Master Repurchase
Agreement (the “Repurchase Agreement”) governing purchases and sales of certain Mortgage Loans, dated as of the date hereof, by and between Seller and EverBank (the “Buyer”), (ii) Pricing Letter (the
“Pricing Letter”), dated as of the date hereof by and between Seller and Buyer, and the Custodial Agreement (the “Custodial Agreement”), dated as of the date hereof, by and among the Seller, the Buyer and Deutsche
Bank National Trust Company, as custodian (the “Custodian”). The Repurchase Agreement, the Pricing Letter and the Custodial Agreement are hereinafter collectively referred to as the “Governing Agreements.”
Capitalized terms not otherwise defined herein have the meanings set forth in the Repurchase Agreement. 
 [We] [I] have examined the
following documents: 
  

	 	1.	 the Governing Agreements; 

 

	 	2.	 unfiled copies of each financing statements listed on Schedule 1 (collectively, the “Financing
Statements”) naming Seller as Debtor and Buyer as Secured Party and describing the Repurchase Assets as to which security interests may be perfected by filing under the Uniform Commercial Code of the States listed on Schedule 1 (the
“Filing Collateral”), which [we] [I] understand will be filed in the filing offices listed on Schedule 1 (the “Filing Offices”); 

 

	 	3.	 the reports listed on Schedule 2 as to UCC financing statements (collectively, the “UCC Search
Report”); 

  

	 	4.	 such other documents, records and papers as we have deemed necessary and relevant as a basis for this opinion.

 To the extent [we] [I] have deemed necessary and proper, as to certain factual matters [we] [I] have relied upon the
representations and warranties of Seller contained in the Repurchase Agreement. [We] [I] have assumed the authenticity of all documents submitted to me [us] as originals, the genuineness of all signatures, the legal capacity of natural persons and
the conformity to the originals of all documents. 
 Based upon the foregoing, it is [our] [my] opinion that: 

1.     Seller is a limited liability company duly organized, validly existing and in good standing under the laws of the
State of Delaware and is qualified to transact business in, and is in good standing under, the laws of the [States of                     ].

  
 Exh. A-1 

 2.    The execution, delivery and performance by Seller Parties of the
Governing Agreements to which they respectively are a party, and the sales by Seller and the pledge of the Repurchase Assets under the Repurchase Agreement have been duly authorized by all necessary corporate action on the part of Seller Parties.
Each of the Governing Agreements have been executed and delivered by the respective Seller Parties party thereto, and are legal, valid and binding agreements enforceable in accordance with their respective terms against Seller Parties, subject to
bankruptcy laws and other similar laws of general application affecting rights of creditors and subject to the application of the rules of equity, including those respecting the availability of specific performance, none of which will materially
interfere with the realization of the benefits provided thereunder or with Buyer’s purchase of the Purchased Mortgage Loans and other Repurchase Assets and/or security interest in the Purchased Mortgage Loans and other Repurchase Assets. 

3.    No consent, approval, authorization or order of, and no filing or registration with, any court or governmental
agency or regulatory body is required on the part of Seller Parties for the execution, delivery or performance by such party of the Governing Agreements to which they respectively are a party or for the sales by Seller to Buyer under the Repurchase
Agreement and/or granting of a security interest to Buyer in the Repurchase Assets pursuant to the Repurchase Agreement. 

4.    The execution, delivery and performance by Seller Parties of, and the consummation of the transactions contemplated
by, the Governing Agreements to which they respectively are a party do not and will not (a) violate any provision of any Seller Parties’ charter or by laws, (b) violate any applicable law, rule or regulation, (c) violate any
order, writ, injunction or decree of any court or governmental authority or agency or any arbitral award applicable to Seller Parties of which [I ] [we] have knowledge (after due inquiry) or (d) result in a breach of, constitute a default
under, require any consent under, or result in the acceleration or required prepayment of any indebtedness pursuant to the terms of, any agreement or instrument of which [I][we] have knowledge (after due inquiry) to which a Seller Party is a party
or by which it is bound or to which it is subject, or (except for the Liens created pursuant to the Repurchase Agreement) result in the creation or imposition of any Lien upon any Property of such party pursuant to the terms of any such agreement or
instrument. 
 5.    There is no action, suit, proceeding or investigation pending or, to the best of [our] [my]
knowledge, threatened against a Seller Party which, in [our] [my] judgment, either in any one instance or in the aggregate, would be reasonably likely to result in any material adverse change in the properties, business or financial condition, or
prospects of such party or in any material impairment of the right or ability of such party to carry on its business substantially as now conducted or in any material liability on the part of such party or which would draw into question the validity
of the Governing Agreements to which it is a party or the Purchased Mortgage Loans or other Repurchase Assets or of any action taken or to be taken in connection with the transactions contemplated thereby, or which would be reasonably likely to
impair materially the ability of such party to perform under the terms of the Governing Agreements to which it is a party or the Purchased Mortgage Loans or other Repurchase Assets. 

6.    The Repurchase Agreement is effective to create, in favor of Buyer, a valid “security interest” as defined
in Section 1-201(37) of the Uniform Commercial Code in all of the right, title and interest of Seller in, to and under the Repurchase Assets, except that (a) such security interests will continue in
Repurchase Assets after its sale, exchange or other disposition only to the extent provided in Section 9-315 of the Uniform Commercial Code, and (b) the security interests in Repurchase Assets in
which Seller acquires rights after the commencement of a case under the Bankruptcy Code in respect of Seller may be limited by Section 552 of the Bankruptcy Code. 

  
 Exh. A-2 

 7.    When the Purchased Mortgage Loans are delivered to the Custodian
in the State of California, the security interest referred to in Section 6 above in the Repurchase Assets will constitute a fully perfected first priority security interest in all right, title and interest of Seller therein. 

8.    (a) Upon the filing of financing statements on Form UCC-1 with respect to Seller naming Buyer as “Secured
Party” and Seller as a “Debtor”, and describing the Repurchase Assets, in the jurisdictions and recording offices listed on Schedule 1 attached hereto, the security interests referred to in Section 6 above will constitute
fully perfected security interests under the Uniform Commercial Code in all right, title and interest of Seller in, to and under such Repurchase Assets, which can be perfected by filing under the Uniform Commercial Code, or will demonstrate a
completion of the sale of the Purchased Mortgage Loans to Buyer. 
 (b)    The UCC Search Report sets forth the proper
filing offices and the proper debtors necessary to identify those Persons who have on file in the jurisdictions listed on Schedule 1 financing statements covering the Repurchase Assets as of the dates and times specified on Schedule 2.
The UCC Search Report identifies no Person who has filed in any Filing Office a financing statement describing the Repurchase Assets prior to the effective dates of the UCC Search Report. 

9.    Seller is not an “investment company”, or a company “controlled” by an “investment
company,” within the meaning of the Investment Company Act of 1940, as amended. 
 This opinion letter may be relied upon by Buyer and
its successors, assigns, and participants. 
 Very truly yours, 

  
 Exh. A-3 

 EXHIBIT B 

FORM OF SERVICER NOTICE 
 [Date]

 [                    ], as Servicer 

[ADDRESS] 
 Attention:
                 
  

	 	Re:	 Master Repurchase Agreement, dated as of March 20, 2014 (the “Agreement”), by and between
loanDepot.com, LLC (the “Seller”) and EverBank (the “Buyer”). 

 Ladies and Gentlemen: 

[                    ] (the
“Servicer”) is servicing certain mortgage loans for Seller pursuant to that certain Servicing Agreement between the Servicer and Seller. Pursuant to the Agreement between Buyer and Seller, the Servicer is hereby notified that Seller
has sold and pledged to Buyer certain mortgage loans which are serviced by Servicer. 
 Upon receipt of a notice of an event of default under the Agreement
(a “Notice of Event of Default”) from Buyer in which Buyer shall identify the mortgage loans which are then owned by and/or pledged to Buyer under the Agreement (the “Mortgage Loans”), the Servicer shall segregate all
amounts collected on account of such Mortgage Loans, hold them in trust for the sole and exclusive benefit of Buyer, and remit such collections in accordance with Buyer’s written instructions. Following such Notice of Event of Default, Servicer
shall follow the instructions of Buyer with respect to the Mortgage Loans, and shall deliver to Buyer any information with respect to the Mortgage Loans reasonably requested by Buyer or which Servicer is obligated to provide to Seller. 

In addition, and notwithstanding anything to the contrary in the Servicing Agreement, Buyer may terminate the Servicing Agreement, as pertaining to the
Mortgage Loans, without payment of any penalty or termination fee, in which event the Servicer shall cooperate, at no cost to Buyer, in transferring the servicing of the Mortgage Loans to a successor servicer appointed by Buyer in its sole and
absolute discretion. 
 Notwithstanding any contrary information which may be delivered to the Servicer by Seller, the Servicer may conclusively rely on any
information or Notice of Event of Default delivered by Buyer, and Seller shall indemnify and hold the Servicer harmless for any and all claims asserted against it for any actions taken in good faith by the Servicer in connection with the delivery of
such information or Notice of Event of Default. 
 Please acknowledge receipt of this instruction letter by signing in the signature block below and
forwarding an executed copy to Buyer promptly upon receipt. Any notices to Buyer should be delivered to the following addresses: EverBank,
[                    ],
[                    ], Attention:
                    ; Telephone: (        )
        -            ; Facsimile: (        )
        -            . 

  
 Exh. B-1 

 
			
	Very truly yours,
	[                            ]
		
	By:	 	  

		 	Name:
		 	Title:

 ACKNOWLEDGED: 

[                        ],

     as Servicer 

  
 Exh. B-2 

 EXHIBIT C 

POWER OF ATTORNEY 
 KNOW
ALL MEN BY THESE PRESENTS, that, effective as of the 20th day of March, 2014, loanDepot.com, LLC (the “Seller”) hereby irrevocably constitutes and appoints EverBank (the
“Buyer”), and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority
in the place and stead of Seller and in the name of Seller or in its own name, from time to time in Buyer’s discretion: 

(a)    to take possession of and endorse and collect any checks, drafts, notes, acceptances or other instruments for the
payment of moneys due with respect to any assets (the “Repurchase Assets”) conveyed to Buyer under the Master Repurchase Agreement dated as of March 20, 2014, between Seller and Buyer, and to file any claim or to take any other
action or proceeding in any court of law or equity or otherwise deemed appropriate by Buyer for the purpose of collecting any and all such moneys due with respect to any other Repurchase Assets whenever payable; 

(b)    to pay or discharge taxes and Liens levied or placed on or threatened against the Repurchase Assets; 

(c)    to direct any party liable for any payment under any Repurchase Assets to make payment of any and all moneys due or
to become due thereunder directly to Buyer or as Buyer shall direct; 
 (d)    to ask or demand for, collect, receive
payment of and receipt for, any and all moneys, claims and other amounts due or to become due at any time in respect of or arising out of any Repurchase Assets; 

(e)    to sign and endorse any invoices, assignments, verifications, notices and other documents in connection with any
Repurchase Assets; 
 (f)    to commence and prosecute any suits, actions or proceedings at law or in equity in any
court of competent jurisdiction to collect the Repurchase Assets or any proceeds thereof and to enforce any other right in respect of any Repurchase Assets; 

(g)    to defend any suit, action or proceeding brought against Seller with respect to any Repurchase Assets; 

(h)    to settle, compromise or adjust any suit, action or proceeding described in clause (g) above and, in
connection therewith, to give such discharges or releases as Buyer may deem appropriate; and 
 (i)    generally, to
sell, transfer, pledge and make any agreement with respect to or otherwise deal with any Repurchase Assets as fully and completely as though Buyer were the absolute owner thereof for all purposes, and to do, at Buyer’s option and Seller’s
expense, at any time, and from time to time, all acts and things which Buyer deems necessary to protect, preserve or realize upon the Repurchase Assets and Buyer’s Liens thereon and to effect the intent of this Agreement, all as fully and
effectively as Seller might do; to effectuate a transfer of servicing with respect to the Repurchase Assets; and for the purpose of carrying out the transfer of servicing with respect to the Repurchase Assets and Mortgage Loans from Seller to a
successor servicer appointed by Buyer in its sole discretion and to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish such transfer of servicing, and, without
limiting the generality of the 

  
 Exh. C-1 

 
foregoing, Seller hereby gives Buyer the power and right, on behalf of Seller, without assent by Seller, to, in the name of Seller or its own name, or otherwise, prepare and send or cause to be
sent “good-bye” letters to all mortgagors under the Repurchase Assets and Mortgage Loans, transferring the servicing of the Repurchase Assets and Mortgage Loans to a successor servicer appointed by
Buyer in its sole discretion. 
 Seller hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof. This
power of attorney is a power coupled with an interest and shall be irrevocable. 
 Any capitalized term used but not defined herein shall
have the meaning assigned to such term in the Agreement. 
 TO INDUCE ANY THIRD PARTY TO ACT HEREUNDER, SELLER HEREBY AGREES THAT ANY THIRD
PARTY RECEIVING A DULY EXECUTED COPY OR FACSIMILE OF THIS INSTRUMENT MAY ACT HEREUNDER, AND THAT REVOCATION OR TERMINATION HEREOF SHALL BE INEFFECTIVE AS TO SUCH THIRD PARTY UNLESS AND UNTIL ACTUAL NOTICE OR KNOWLEDGE OF SUCH REVOCATION OR
TERMINATION SHALL HAVE BEEN RECEIVED BY SUCH THIRD PARTY, AND BUYER ON ITS OWN BEHALF AND ON BEHALF OF BUYER’S ASSIGNS, HEREBY AGREES TO INDEMNIFY AND HOLD HARMLESS ANY SUCH THIRD PARTY FROM AND AGAINST ANY AND ALL CLAIMS THAT MAY ARISE AGAINST
SUCH THIRD PARTY BY REASON OF SUCH THIRD PARTY HAVING RELIED ON THE PROVISIONS OF THIS INSTRUMENT. 

  
 Exh. C-2 

 IN WITNESS WHEREOF Seller has caused this Power of Attorney to be executed and Seller’s
seal to be affixed as of the date first above written. 
  

					
	LOANDEPOT.COM, LLC
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  
 Exh. C-3 

							
	STATE OF TEXAS	 	)	  	
		 	)	  	ss.:
	COUNTY OF	 	  
	 	)	  	

 On the      day of March, 2014 before me, a Notary Public in and for said State,
personally appeared                         , known to me to be the
                         of loanDepot.com, LLC, the entity that executed the within instrument and also known to me to be
the person who executed it on behalf of said entity, and acknowledged to me that such entity executed the within instrument. 
 IN WITNESS
WHEREOF, I have hereunto set my hand affixed my office seal the day and year in this certificate first above written. 
  

                       
                              

Notary Public 
 My Commission
expires
                                        

  
 Exh. C-4EX-10.22

 Exhibit 10.22 

EXECUTION 
  

 
  

MASTER REPURCHASE AGREEMENT 

Between: 
 UBS BANK USA, as
Buyer 
 and 
 LOANDEPOT.COM,
LLC, as Seller 
 Dated as of June 1, 2015 
  

 
  

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	 SECTION 1.
	 	APPLICABILITY	  	 	1	 
			
	 SECTION 2.
	 	DEFINITIONS	  	 	1	 
			
	 SECTION 3.
	 	INITIATION; TERMINATION	  	 	22	 
			
	 SECTION 4.
	 	MARGIN AMOUNT MAINTENANCE	  	 	27	 
			
	 SECTION 5.
	 	COLLECTIONS; INCOME PAYMENTS	  	 	28	 
			
	 SECTION 6.
	 	REQUIREMENT OF LAW	  	 	29	 
			
	 SECTION 7.
	 	TAXES	  	 	30	 
			
	 SECTION 8.
	 	SECURITY INTEREST; BUYER’S APPOINTMENT AS ATTORNEY-IN-FACT	  	 	33	 
			
	 SECTION 9.
	 	PAYMENT, TRANSFER; ACCOUNTS	  	 	35	 
			
	 SECTION 10.
	 	REPRESENTATIONS	  	 	37	 
			
	 SECTION 11.
	 	COVENANTS	  	 	43	 
			
	 SECTION 12.
	 	EVENTS OF DEFAULT	  	 	49	 
			
	 SECTION 13.
	 	REMEDIES	  	 	52	 
			
	 SECTION 14.
	 	INDEMNIFICATION AND EXPENSES; RECOURSE	  	 	54	 
			
	 SECTION 15.
	 	SERVICING	  	 	55	 
			
	 SECTION 16.
	 	DUE DILIGENCE	  	 	57	 
			
	 SECTION 17.
	 	ASSIGNABILITY	  	 	58	 
			
	 SECTION 18.
	 	TRANSFER AND MAINTENANCE OF REGISTER	  	 	59	 

  
 i 

							
	 SECTION 19.
	 	HYPOTHECATION OR PLEDGE OF PURCHASED ASSETS	  	 	59	 
			
	 SECTION 20.
	 	TAX TREATMENT	  	 	59	 
			
	 SECTION 21.
	 	SET-OFF	  	 	59	 
			
	 SECTION 22.
	 	TERMINABILITY	  	 	60	 
			
	 SECTION 23.
	 	NOTICES AND OTHER COMMUNICATIONS	  	 	60	 
			
	 SECTION 24.
	 	USE OF THE WAREHOUSE ELECTRONIC SYSTEM AND OTHER ELECTRONIC MEDIA	  	 	61	 
			
	 SECTION 25.
	 	ENTIRE AGREEMENT; SEVERABILITY; SINGLE AGREEMENT	  	 	63	 
			
	 SECTION 26.
	 	GOVERNING LAW	  	 	63	 
			
	 SECTION 27.
	 	SUBMISSION TO JURISDICTION; WAIVERS	  	 	64	 
			
	 SECTION 28.
	 	NO WAIVERS, ETC.	  	 	65	 
			
	 SECTION 29.
	 	NETTING	  	 	65	 
			
	 SECTION 30.
	 	CONFIDENTIALITY	  	 	65	 
			
	 SECTION 31.
	 	INTENT	  	 	66	 
			
	 SECTION 32.
	 	DISCLOSURE RELATING TO CERTAIN FEDERAL PROTECTIONS	  	 	67	 
			
	 SECTION 33.
	 	CONFLICTS	  	 	67	 
			
	 SECTION 34.
	 	MISCELLANEOUS	  	 	67	 
			
	 SECTION 35.
	 	GENERAL INTERPRETIVE PRINCIPLES	  	 	68	 

  
 ii 

 SCHEDULES AND EXHIBITS 

 

			
	SCHEDULE 1	  	Representations and Warranties
		
	SCHEDULE 2	  	Responsible Officers
		
	SCHEDULE 3	  	Scheduled Indebtedness
		
	EXHIBIT A	  	Required Opinions
		
	EXHIBIT B	  	Form of Seller Party’s Officer’s Certificate
		
	EXHIBIT C	  	Form of Servicer Notice
		
	EXHIBIT D	  	Form of Trade Assignment
		
	EXHIBIT E	  	Form of Power of Attorney
		
	EXHIBIT F	  	Form of Tax Compliance Certificate
		
	EXHIBIT G	  	Form of Temporary Increase Request

  
 iii 

 MASTER REPURCHASE AGREEMENT 

This is a MASTER REPURCHASE AGREEMENT (the “Agreement”), dated as of June 1, 2015, between LOANDEPOT.COM, LLC, a
Delaware limited liability company (the “Seller”) and UBS BANK USA, a Utah corporation (the “Buyer”). 

SECTION 1. APPLICABILITY 
 From time
to time the parties hereto may enter into transactions in which Seller agrees to transfer to Buyer Mortgage Loans on a servicing released basis against the transfer of funds by Buyer, with a simultaneous agreement by Buyer to transfer to Seller such
Mortgage Loans on a servicing released basis or Agency Securities backed by such Mortgage Loans on the Repurchase Date, against the transfer of funds by Seller. Each such transaction shall be referred to herein as a “Transaction” and shall
be governed by this Agreement (including any supplemental terms or conditions contained in any annexes identified herein, as applicable hereunder), unless otherwise agreed in writing. This Agreement is not a commitment by Buyer to enter into
Transactions with Seller but rather sets forth the procedures to be used in connection with periodic requests for Buyer to enter into Transactions with Seller. Seller hereby acknowledges that Buyer is under no obligation to agree to enter into, or
to enter into, any Transaction pursuant to this Agreement. Any commitment to enter into Transactions shall be set forth in the Pricing Letter, and shall be subject to satisfaction of all terms and conditions of this Agreement. 

The Pricing Letter is one of the Program Documents as defined below. The Pricing Letter is incorporated by reference into this Agreement and
each Seller Party agrees to adhere to all terms, conditions and requirements of the Pricing Letter as incorporated herein. In the event of a conflict or inconsistency between this Agreement and the Pricing Letter, the terms of the Pricing Letter
shall govern. 
 SECTION 2. DEFINITIONS 

As used herein, the defined terms set forth below shall have the meanings set forth herein. Additionally, as used herein, the following terms
shall have the meanings defined in the Uniform Commercial Code: accounts, chattel paper (including electronic chattel paper), goods (including inventory and equipment and any accessions thereto), instruments (including promissory notes), documents,
investment property, general intangibles (including payment intangibles and software), and supporting obligations, products and proceeds. 

“1934 Act” shall have the meaning set forth in Section 32 of the Agreement. 

“Ability to Repay Rule” shall mean 12 CFR 1026.43(c), including all applicable official staff commentary. 

“Accepted Servicing Practices” shall mean, with respect to any Mortgage Loan, those mortgage servicing practices of prudent
mortgage lending institutions which service mortgage loans of the same type as such Mortgage Loan in the jurisdiction where the related Mortgaged Property is located. 

 “Affiliate” shall mean with respect to any Person, any
“affiliate” of such Person, as such term is defined in the Bankruptcy Code. 
 “Agency” shall mean Freddie Mac,
Fannie Mae or Ginnie Mae, as applicable. 
 “Agency Approval” shall have the meaning set forth in Section 11(w) of the
Agreement. 
 “Agency Security” shall mean a security issued in exchange for Purchased Mortgage Loans and backed by such
Purchased Mortgage Loans that is (a) guaranteed by Ginnie Mae or (b) issued by Fannie Mae or Freddie Mac. 
 “Agency
Security Issuance Failure” shall mean the failure of an Agency to cause the Delivery of an Agency Security in accordance with a Takeout Commitment. 

“Aging Limit” shall have the meaning specified in the Pricing Letter. 

“Agreement” shall mean this Master Repurchase Agreement between Buyer and each Seller Party, dated as of the date hereof, as
the same may be further amended, supplemented or otherwise modified in accordance with the terms of this Agreement. 

“ALTA” shall mean American Land Title Association, or any successor thereto. 

“Annual Financial Statement Date” shall have the meaning set forth in the Pricing Letter. 

“Anti-Money Laundering Laws” shall have the meaning set forth in Section 10(x)
of the Agreement. 
 “Application” shall mean the application delivered by Seller to Buyer in connection with Buyer’s
approval of Seller for the program evidenced by the Agreement and any renewal thereof. 
 “Appraisal” shall mean an
appraisal meeting the requirements of the representations and warranties set forth in paragraph (oo) on Schedule 1 hereto. 

“Appraised Value” shall mean the value set forth in an Appraisal made in connection with the origination of the related
Mortgage Loan as the value of the Mortgaged Property. 
 “Appropriate Federal Banking Agency” shall have the meaning
ascribed to it by Section 1813(q) of Title 12 of the United States Code, as amended from time to time. 
 “Approved
CPA” shall mean a certified public accountant approved by Buyer in writing in its sole discretion. 

  
 2 

 “Approved Investor” shall mean any institution which has made a Takeout
Commitment and has been approved by Buyer and not subsequently disapproved by Buyer. 
 “Approved Mortgage Product” shall
mean each Mortgage Product approved by Buyer as identified in the Pricing Letter. Notwithstanding any reference to a Mortgage Product herein, such Mortgage Product shall not be an Approved Mortgage Product unless expressly identified as such in the
Pricing Letter. 
 “Approved Underwriting Guidelines” shall mean the underwriting guidelines approved by Buyer in its sole
good faith discretion. 
 “Asset Value” shall, with respect to each Eligible Mortgage Loan or Agency Security, as of any
date of determination, have the meaning specified under the heading “Asset Value” on Schedule 1 to the Pricing Letter subject to modification pursuant to the terms below. Where a Purchased Asset may qualify for two or more Asset
Values hereunder, unless otherwise expressly agreed to by the Buyer in writing, such Purchased Asset shall be assigned the lower Asset Value. Without limiting the generality of the foregoing, Seller acknowledges that: 

(a) the Asset Value of a Purchased Asset may be reduced to zero by Buyer if: 

(i) such Purchased Asset is a Purchased Mortgage Loan that ceases to be an Eligible Mortgage Loan; 

(ii) such Mortgage Note related to a Purchased Asset that is a Purchased Mortgage Loan has been released from the possession
of Buyer (other than to an Approved Investor pursuant to a Bailee Letter) for a period in excess of ten (10) calendar days; 

(iii) such Purchased Asset is a Purchased Mortgage Loan that has been released from the possession of Buyer to an Approved
Investor pursuant to a Bailee Letter for a period in excess of twenty (20) calendar days; 
 (iv) such Purchased Asset
is a Purchased Mortgage Loan that is a Wet Loan for which the related Mortgage File has not been received by Buyer on or prior to the end of the Aging Limit for such Wet Loan; or 

(v) such Purchased Asset is rejected by the related Approved Investor or there shall occur a Takeout Failure; 

(vi) such Purchased Asset that is a Purchased Mortgage Loan is not properly registered on the MERS® System in accordance with the Electronic Tracking Agreement within (x) with respect to Purchased Mortgage Loans other than Correspondent Mortgage Loans, five (5) Business Days of the
related Purchase Date and (y) with respect to Purchased Mortgage Loans that are Correspondent Mortgage Loans, fifteen (15) Business Days of the related Purchase Date; 

  
 3 

 (vii) such Purchased Asset is a Purchased Mortgage Loan that is a
Delinquent Mortgage Loan; 
 (viii) such Purchased Asset has been subject to Transactions hereunder for a period of greater
than its applicable Aging Limit; 
 (ix) such Purchased Asset is a Purchased Mortgage Loan that Buyer has determined in its
sole good faith discretion is not eligible for whole loan sale or securitization in a transaction consistent with the prevailing sale and securitization industry with respect to substantially similar Mortgage Loans; or 

(x) such Purchased Asset contains a breach of a representation warranty made by Seller in this Agreement; and 

(b) the aggregate Asset Value of each Approved Mortgage Product shall not exceed the Concentration Limit for such applicable
Approved Mortgage Product. If the aggregate Asset Value for any Approved Mortgage Product exceeds the applicable Concentration Limit, Buyer may, in its sole discretion, reduce the value of any related Purchased Assets selected by Buyer to zero until
the aggregate Asset Value for such Approved Mortgage Product is less than or equal to the applicable Concentration Limit. 

“Assignment and Acceptance” shall have the meaning set forth in Section 17 of the Agreement. 

“Assignment of Mortgage” shall mean an assignment of the Mortgage, notice of transfer or equivalent instrument in recordable
form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage. 

“Assignment of Proprietary Lease” shall mean the specific agreement creating a first lien on and pledge of the Co-op Shares and the appurtenant Proprietary Lease securing a Co-op Loan. 

“Bailee Letter” shall have the meaning assigned to such term in the Custodial Agreement. 

“Bankruptcy Code” shall mean the United States Bankruptcy Code of 1978, as amended from time to time. 

“Beneficial Tax Owners” shall have the meaning set forth in Section 7(e)(v) of the Agreement. 

“Business Day” shall mean a day other than (a) a Saturday or Sunday or (b) any day on which banking institutions
are authorized or required by law, executive order or governmental decree to be closed in the State of New York or the State of California. 

“Buydown Amount” shall mean amounts held in the Operating Account to the extent not applied to Obligations under this
Agreement. 

  
 4 

 “Buyer” shall mean UBS Bank USA, its successors in interest and assigns
pursuant to Section 17 and, with respect to Section 7, its participants. 
 “Capitalized Mortgage Servicing
Rights” shall have the meaning specified in the Pricing Letter. 
 “Change in Control” shall mean: 

(a) any transaction or event as a result of which (i) Parthenon Capital Partners ceases to own, directly or indirectly 50%
of the membership interests of Seller or (ii) Anthony Hsieh ceases to own, directly or indirectly, 5% of the membership interests of Seller; or 

(b) the sale, transfer, or other disposition of all or substantially all of any Seller Party’s assets (excluding any such
action taken in connection with any securitization transaction); or 
 (c) the consummation of a merger or consolidation of a
Seller Party with or into another entity or any other corporate reorganization (in one transaction or in a series of transactions), if more than 50% of the combined voting power of the continuing or surviving entity’s stock outstanding
immediately after such merger, consolidation or such other reorganization is owned by persons who were not stockholders of Seller Party immediately prior to such merger, consolidation or other reorganization; or 

(d) Mr. Anthony Hsieh shall (i) no longer be employed by Seller or (ii) shall no longer be involved in the day
to day operations of Seller; or 
 (e) there is a change in the majority of the board of directors of Seller during any
twelve month period. 
 “Closing Protection Letter” shall mean a letter of indemnification from a title insurer addressed
to Seller and/or Buyer or for which Buyer is a third party beneficiary, with coverage that is customarily acceptable to Persons engaged in the origination of mortgage loans, identifying the Settlement Agent covered thereby and indemnifying Seller
and/or Buyer (directly or as a third party beneficiary) against losses incurred due to malfeasance or fraud by the Settlement Agent or the failure of the Settlement Agent to follow the specific escrow instructions specified by Seller to the
Settlement Agent or otherwise by Buyer with respect to the closing of the Mortgage Loan. The Closing Protection Letter shall be either with respect to the individual Mortgage Loan being purchased pursuant hereto or a blanket Closing Protection
Letter which covers closings conducted by the Settlement Agent in the jurisdiction in which the closing of such Mortgage Loan takes place. 

“CLTA” shall mean California Land Title Association, or any successor thereto. 

“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 

“Concentration Limit” shall have the meaning specified in the Pricing Letter. 

  
 5 

 “Confidential Information” shall have the meaning set forth in
Section 11(u) of the Agreement. 
 “Confidential Terms” shall have the meaning set forth in Section 30 of the
Agreement. 
 “Confirmation” shall mean an electronic confirmation of a Transaction delivered by Buyer to Seller in
accordance with Section 3(c)(v) hereof. 
 “Conforming Mortgage Loan” shall mean a Mortgage Loan, which is secured by
a first lien, such Mortgage Loan (a) conforms to the requirements of an Agency for securitization or cash purchase and has (i) a minimum FICO score of 660, (ii) a DTI not more than 45% and (iii) a LTV not greater than 100% or
(b) is eligible to be insured by FHA, guaranteed by VA or guaranteed by RD (excluding any Mortgage Loan which exceeds Agency guidelines for maximum general conventional loan amount) and (i) has a minimum FICO score of 640; (ii) has a DTI
not more than 50% and (iii) has a LTV not greater than 100%. 
 “Co-op
Corporation” shall mean, with respect to any Co-op Loan, the cooperative apartment corporation that holds legal title to the related Co-op Project and grants
occupancy rights to units therein to stockholders through Proprietary Leases or similar arrangements. 
 “Co-op Loan” shall mean a Mortgage Loan secured by the pledge of stock allocated to a Co-op Unit in a Co-op Corporation and
collateral assignment of the related Proprietary Lease. 
 “Co-op Project” shall
mean, with respect to any Co-op Loan, all real property and improvements thereto and rights therein and thereto owned by a Co-op Corporation including without limitation
the land, separate dwelling units and all common elements. 
 “Co-op Shares” shall
mean, with respect to any Co-op Loan, the shares of stock issued by a Co-op Corporation and allocated to a Co-op Unit and
represented by a Stock Certificate. 
 “Co-op Unit” shall mean, with respect to any
Co-op Loan, a specific unit in a Co-op Project. 

“Correspondent Mortgage Loan” shall mean a Mortgage Loan originated by a third party originator and acquired by Seller in
accordance with Seller’s correspondent Mortgage Loan program. 
 “Costs” shall have the meaning set forth in
Section 14(a) of the Agreement. 
 “Credit File” shall mean with respect to each Mortgage Loan, the documents and
instruments relating to the origination and administration of such Mortgage Loan. 
 “Custodial Account” shall have the
meaning set forth in Section 5(b) of the Agreement. 

  
 6 

 “Custodial Agreement” shall mean that certain Custodial Agreement dated as
of the date hereof, among Seller, Buyer and Custodian as the same may be amended from time to time. 
 “Custodial Loan
Transmission” shall have the meaning set forth in the Custodial Agreement. 
 “Custodian” shall mean Deutsche Bank
National Trust Company, or any successor thereto under the Custodial Agreement. 
 “DE Compare Ratio” shall mean the Two
Year FHA Direct Endorsement Lender Compare Ratio, excluding streamline FHA refinancings, as made publicly available by HUD. 

“Default” shall mean an Event of Default or an event that with notice or lapse of time or both would become an Event of
Default. 
 “Defaulting Party” shall have the meaning set forth in Section 29 of the Agreement. 

“Defective Mortgage Loan” shall mean a Mortgage Loan (a) which is in foreclosure, has been foreclosed upon or has been
converted to real estate owned property, (b) for which the Mortgagor is in bankruptcy, (c) that is not subject to a valid and binding Takeout Commitment, (d) that is subject to a Takeout Commitment with respect to which Seller or
Approved Investor is in default, (e) that is rejected or excluded for any reason from the related Takeout Commitment by the Approved Investor, (f) that is not purchased by the Approved Investor in compliance with the Takeout Commitment at
or prior to the expiration or termination of the Takeout Commitment for any reason, or (g) that is not repurchased by Seller in compliance with the provisions of Section 3(e). 

“Delinquent Mortgage Loan” shall mean any Mortgage Loan as to which any Monthly Payment, or part thereof, remains unpaid for
thirty (30) days or more following the original Due Date for such Monthly Payment. 
 “Delivery” shall mean
(a) with respect to any Agency Security issued by Ginnie Mae, when Buyer is registered as the registered owner of such Agency Security on Ginnie Mae’s central registry and (b) with respect to any Agency Security issued by Fannie Mae
or Freddie Mac, the later to occur of (i) the issuance of such Agency Security and (ii) the transfer of all of the right, title and ownership interest in such Agency Security to Buyer or its designee. An Agency Security shall be deemed to
be “Delivered” upon Delivery in accordance herewith. 
 “Depository” shall have the meaning set forth in
Section 9(d) of the Agreement. 
 “Dollars” and “$” shall mean lawful money of the United States of
America. 
 “DTI” shall mean with respect to any Mortgagor, the ratio of the Mortgagor’s average monthly debt
obligations to the Mortgagor’s average monthly gross income. 

  
 7 

 “Due Date” shall mean the day of the month on which the Monthly Payment is
due on a Mortgage Loan, exclusive of any days of grace. 
 “E-Sign” shall mean the
federal Electronic Signatures in Global and National Commerce Act, as amended from time to time. 
 “Effective Date” shall
mean the date upon which the conditions precedent set forth in Section 3(a) shall have been satisfied. 
 “Electronic
Record” shall mean “Record” and “Electronic Record,” both as defined in E-Sign, and shall include but not be limited to, recorded telephone conversations, fax copies or electronic
transmissions, including without limitation, those involving the Warehouse Electronic System. 
 “Electronic Signature”
shall have the meaning set forth in E-Sign. 
 “Electronic Tracking Agreement”
shall mean an Electronic Tracking Agreement among Buyer, Seller, MERS and MERSCORP Holdings, Inc., as the same may be amended from time to time. 

“Electronic Transactions” shall mean transactions conducted using Electronic Records and/or Electronic Signatures or fax
copies of signatures. 
 “Eligible Mortgage Loan” shall mean a Purchased Asset that is a Purchased Mortgage Loan which
(a) is an Approved Mortgage Product (unless otherwise approved by Buyer), (b) complies with the representations and warranties set forth on Schedule 1 hereto (assuming that they are made as of each date of determination) (unless
otherwise approved by Buyer), (c) is not a Defective Mortgage Loan and (d) is not a Delinquent Mortgage Loan. 

“ERISA” shall, with respect to any Person, mean the Employee Retirement Income Security Act of 1974, as amended from time to
time and any successor thereto, and the regulations promulgated and administrative rulings issued thereunder. 
 “ERISA
Affiliate” shall, with respect to any Person, mean any Person which is treated as a single employer under Section 414(b) or (c) of the Code, or solely for purposes of Section 302 of ERISA and Section 412 of the Code is
treated as a single employer described in Section 414 of the Code. 
 “Escrow Payments” shall mean, with respect to
any Mortgage Loan, the amounts constituting ground rents, taxes, assessments, water rates, sewer rents, municipal charges, mortgage insurance premiums, fire and hazard insurance premiums, condominium charges, and any other payments required to be
escrowed by the Mortgagor with the mortgagee pursuant to the Mortgage or any other document. 
 “Event of Default” shall
have the meaning set forth in Section 12 of the Agreement. 

  
 8 

 “Excess Proceeds” shall have the meaning set forth in Section 3(e) of
the Agreement. 
 “Excluded Taxes” shall have the meaning set forth in Section 7(e) of the Agreement. 

“Expenses” shall mean all present and future expenses incurred by or on behalf of Buyer in connection with this Agreement or
any of the other Program Documents and any amendment, supplement or other modification or waiver related hereto or thereto, whether incurred heretofore or hereafter, which expenses shall include the cost of title, lien, judgment and other record
searches; attorneys’ fees; and costs of preparing and recording any UCC financing statements or other filings necessary to perfect the security interest created hereby. 

“Facility Termination Threshold” shall have the meaning specified in the Pricing Letter. 

“Fannie Mae” shall mean the Federal National Mortgage Association, or any successor thereto. 

“FATCA” shall have the meaning set forth in Section 7(a) of the Agreement. 

“FDIA” shall have the meaning set forth in Section 31(d) of the Agreement. 

“FDICIA” shall have the meaning set forth in Section 31(e) of the Agreement. 

“FHA” shall mean the Federal Housing Administration, an agency within the United States Department of Housing and Urban
Development, or any successor thereto, and including the Federal Housing Commissioner and the Secretary of Housing and Urban Development where appropriate under the FHA Regulations. 

“FHA Loan” shall mean a Mortgage Loan which is the subject of an FHA Mortgage Insurance Certificate. 

“FHA Mortgage Insurance Certificate” shall mean the certificate evidencing the contractual obligation of the FHA respecting
the insurance of a Mortgage Loan. 
 “FHA Regulations” shall mean the regulations promulgated by the Department of Housing
and Urban Development under the National Housing Act, as amended from time to time and codified in 24 Code of Federal Regulations, and other Department of Housing and Urban Development issuances relating to FHA Loans, including the related
handbooks, circulars, notices and mortgagee letters. 
 “FICO” shall mean Fair Isaac & Co., or any successor
thereto. 
 “Fidelity Insurance” shall mean insurance coverage with respect to employee errors, omissions, dishonesty,
forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Buyer. 

  
 9 

 “Financial Condition Covenants” shall mean the financial covenants of the
Financial Reporting Party as set forth in Section 4 of the Pricing Letter. 
 “Financial Reporting Party” shall have
the meaning specified in the Pricing Letter. 
 “Financial Statements” shall have the meaning set forth in
Section 11(d) of the Agreement. 
 “Freddie Mac” shall mean Federal Home Loan Mortgage Corporation, or any successor
thereto. 
 “GAAP” shall mean generally accepted accounting principles in the United States of America, applied on a
consistent basis and applied to both classification of items and amounts, and shall include, without limitation, the official interpretations thereof by the Financial Accounting Standards Board, its predecessors and successors. 

“Ginnie Mae” shall mean the Government National Mortgage Association, or any successor thereto. 

“GLB Act” shall have the meaning set forth in Section 11(u) of the Agreement. 

“Governmental Authority” shall mean any nation or government, any state, county, municipality or other political subdivision
thereof or any governmental body, agency, authority, department or commission (including, without limitation, any taxing authority) or any instrumentality or officer of any of the foregoing (including, without limitation, any court or tribunal)
exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government and any corporation, partnership or other entity directly or indirectly owned by or controlled by the foregoing and with respect to
any insured depository institution, including without limitation the Appropriate Federal Banking Agency. 
 “Guarantee”
shall mean, as to any Person, any obligation of such Person directly or indirectly guaranteeing any Indebtedness of any other Person or in any manner providing for the payment of any Indebtedness of any other Person or otherwise protecting the
holder of such Indebtedness against loss (whether by virtue of partnership arrangements, by agreement to keep-well, to purchase assets, goods, securities or services, or to take-or-pay or otherwise); provided that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any Guarantee of a
Person shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof
as determined by such Person in good faith. The terms “Guarantee” and “Guaranteed” used as verbs shall have correlative meanings. 

“HARP Mortgage Loan” shall mean a Mortgage Loan, which (a) is secured by a first lien, (b) conforms to the
requirements of an Agency for securitization or cash purchase but does not otherwise meet all of the requirements of a Conforming Mortgage Loan as set forth in the Program Documents and (c) is a refinance Mortgage Loan originated in accordance
with and pursuant to HARP 2.0. 

  
 10 

 “HARP 2.0” shall mean the Home Affordable Refinance Program 2.0. 

“Hedge Agreement” shall mean, with respect to any or all of the Purchased Assets, any short sale of a US Treasury Security,
or futures contract, or mortgage related security, or Eurodollar futures contract, or options related contract, or interest rate swap, cap or collar agreement or Takeout Commitment, or similar arrangement providing for protection against
fluctuations in interest rates or the exchange of nominal interest obligations, either generally or under specific contingencies, entered into by Seller with a party and with terms, both acceptable to Buyer. 

“High Balance Mortgage Loan” shall mean a Mortgage Loan, which is secured by a first lien (subject to Permitted
Encumbrances), and such Mortgage Loan (a) conforms to the requirements of an Agency for securitization or cash purchase; (b) has an original Mortgage Loan principal balance in excess of general conventional loan amounts for Conforming
Mortgage Loans; (c) has an original Mortgage Loan principal balance that is less than the maximum high balance county limit for the county in which the related Mortgaged Property is located and (d) has a minimum FICO score of 660. 

“High Cost Mortgage Loan” shall mean a Mortgage Loan (a) classified as a “high cost” loan under the Home
Ownership and Equity Protection Act of 1994; (b) classified as a “high cost,” “high risk,” “high rate,” “threshold,” “covered,” or “predatory” loan under any other applicable state,
federal or local law (or a similarly classified loan using different terminology under a law, regulation or ordinance imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates,
points and/or fees) or (c) having a percentage listed under the Indicative Loss Severity Column (the column that appears in the S&P Anti-Predatory Lending Law Update Table, included in the then-current S&P’s LEVELS® Glossary of Terms on Appendix E). 
 “HUD” shall mean the Department
of Housing and Urban Development or any successor thereto. 
 “Income” shall mean, with respect to any Mortgage Loan at any
time, any principal thereof then payable and all interest, dividends or other distributions payable thereon. 

“Indebtedness” shall mean (a) all indebtedness for borrowed money or for the deferred purchase price of property or
services and all obligations under leases which are or should be under GAAP, recorded as capital leases, in respect of which a person is directly or contingently liable as borrower, guarantor, endorser or otherwise, or in respect of which a person
otherwise assures a creditor against loss, (b) all obligations for borrowed money or for the deferred purchase price of a property or services secured by (or for which the holder has an existing right, contingent or otherwise, to be secured by)
any lien upon property (including without limitation accounts receivable and contract rights) owned by a person, whether or not such person has assumed or become liable for the payment thereof, and (c) all other liabilities and obligations
which would be classified in accordance with GAAP as liabilities on a balance sheet or to which reference should be made in footnotes thereto. 

  
 11 

 “Indemnified Party” shall have the meaning set forth in Section 14(a)
of the Agreement. 
 “Insolvency Event” shall mean, for any Person: 

(A) that such Person shall discontinue or abandon operation of its business; or 

(B) that such Person shall fail generally to, or admit in writing its inability to, pay its debts as they become due; or 

(C) an involuntary proceeding shall have been instituted in a court having jurisdiction in the premises seeking a decree or
order for relief in respect of such Person in an involuntary case under any applicable bankruptcy, insolvency, liquidation, reorganization or other similar Requirement of Law now or hereafter in effect, or for the appointment of a receiver,
liquidator, assignee, trustee, custodian, sequestrator, conservator or other similar official of such Person, or for any substantial part of its property, or for the winding-up or liquidation of its affairs,
and, in each case, is not released, vacated or fully bonded within 30 calendar days after the proceeding has been instituted; or 

(D) the commencement by such Person of a voluntary case under any applicable bankruptcy, insolvency or other similar
Requirement of Law now or hereafter in effect, or such Person’s consent to the entry of an order for relief in an involuntary case under any such Requirement of Law, or consent to the appointment of or taking possession by a receiver,
liquidator, assignee, trustee, custodian, sequestrator, conservator or other similar official of such Person, or for any substantial part of its property, or any general assignment for the benefit of creditors; or 

(E) that such Person shall become insolvent; or 

(a) if such Person is a corporation, such Person shall take any corporate action in furtherance of, or the action of which
would result in any of the actions set forth in the preceding clauses (a), (b), (c), (d) or (e). 
 “Insured Depository
Institution” shall have the meaning ascribed to such term by Section 1813(c)(2) of Title 12 of the United States Code, as amended from time to time. 

“Jumbo Mortgage Loan” shall mean a Mortgage Loan which is secured by a first lien (subject to Permitted Encumbrances)
Mortgage that (a) has an original Mortgage Loan principal balance in excess of general Conforming Mortgage Loan limits but not in excess of $3,000,000 or such other amount agreed to by Buyer in its sole discretion, (b) has an original
Mortgage Loan principal balance in excess of the maximum high balance county limit for the county that the subject property is located in but not in excess of $3,000,000 or such other amount agreed to by Buyer in its sole discretion; (c) meets
the eligibility requirements of Buyer as determined in its sole discretion and (d) has a Takeout Commitment from an Approved Investor which (i) shall include evidence of an underwriting approval, with no conditions outstanding to close the
Mortgage Loan and a Takeout Price, purchase price commitment number and purchase price commitment expiration date for the Mortgage Loan or (ii) is in form and substance acceptable to Buyer in its sole discretion. 

  
 12 

 “Lien” shall mean any lien, claim, charge, restriction, pledge, security
interest, mortgage, deed of trust or other encumbrance. 
 “Litigation Threshold” shall have the meaning specified in the
Pricing Letter. 
 “LTV” shall mean (a) with respect to any Mortgage Loan other than a HARP Mortgage Loan, the
ratio of the original outstanding principal amount of the Mortgage Loan to the Appraised Value of the Mortgaged Property at origination and (b) with respect to any Mortgage Loan that is a HARP Mortgage Loan, the ratio of the original
outstanding principal amount of the HARP Mortgage Loan to the Appraised Value of the Mortgaged Property as of the date such Mortgage Loan is funded as a refinanced Mortgage Loan under HARP 2.0. 

“Maintenance Fee Rate” shall have the meaning specified in the Pricing Letter. 

“Manufactured Home Mortgage Loans” shall have the meaning specified in paragraph (k) on
Schedule 1. 
 “Margin Call” shall have the meaning specified in Section 4(b) of the
Agreement. 
 “Margin Deficit” shall have the meaning specified in Section 4(b) of the Agreement. 

“Market Value” shall mean, as of any date with respect to any Purchased Asset, the price at which such Purchased Asset could
readily be sold as determined by Buyer in its sole discretion on a servicing released basis which price may be determined to be zero. Seller acknowledges that Buyer’s determination of Market Value is for the limited purpose of determining the
value of the Purchased Assets for the purposes hereunder without the ability to perform customary Buyer’s due diligence and is not necessarily equivalent to a determination of the fair market value of the Purchased Assets achieved by obtaining
competing bids in an orderly market in which the originator/servicer is not in default hereunder and the bidders have adequate opportunity to perform customary loan and servicing due diligence. Buyer’s good faith determination of Market Value
shall be conclusive upon the parties absent manifest error. 
 “Material Adverse Effect” shall mean a material adverse
effect on (a) the Property, business, operations, financial condition or prospects of Seller, (b) the ability of Seller to perform its obligations under any of the Program Documents to which it is a party, (c) the validity or
enforceability of any of the Program Documents, (d) the rights and remedies of Buyer or any Affiliate under any of the Program Documents, (e) the timely payment of any amounts payable under the Program Documents or (f) the Asset Value
of the Purchased Assets taken as a whole. 
 “Maximum Aggregate Purchase Price” shall have the meaning set forth in the
Pricing Letter. 
 “Maximum Available Purchase Price” shall have the meaning set forth in the Pricing Letter. 

  
 13 

 “Maximum Available Committed Purchase Price” shall have the meaning set
forth in the Pricing Letter. 
 “MERS” shall mean Mortgage Electronic Registration Systems, Inc., a corporation organized
and existing under the laws of the State of Delaware, or any successor thereto. 
 “MERS System” shall mean the system of
recording transfers of mortgages electronically maintained by MERS. 
 “Minimum Balance Requirement” shall have the meaning
set forth in the Pricing Letter. 
 “Monthly Financial Statement Date” shall have the meaning set forth in the Pricing
Letter. 
 “Monthly Payment” shall mean the scheduled monthly payment of principal and interest on a Mortgage Loan. 

“Mortgage” shall mean each mortgage, assignment of rents, security agreement and fixture filing, or deed of trust, assignment
of rents, security agreement and fixture filing, deed to secure debt, assignment of rents, security agreement and fixture filing, or similar instrument creating and evidencing a first lien (subject to Permitted Encumbrances) on real property and
other property and rights incidental thereto, unless such Mortgage is granted in connection with a Co-op Loan, in which case the first lien position (subject to Permitted Encumbrances) is in the Co-op Shares and in the Proprietary Lease relating to such Co-op Shares. 

“Mortgage File” shall mean, with respect to a Mortgage Loan, the documents and instruments relating to such Mortgage Loan and
set forth in the Custodial Agreement. 
 “Mortgage Interest Rate” shall mean the rate of interest borne on a Mortgage Loan
from time to time in accordance with the terms of the related Mortgage Note. 
 “Mortgage Loan” shall mean any first lien
(subject to Permitted Encumbrances), one-to-four-family residential mortgage loan evidenced by a Mortgage Note and secured by a
Mortgage, which Mortgage Loan is subject to a Transaction hereunder, which in no event shall include any mortgage loan which (a) is subject to Section 226.32 of Regulation Z or any similar state law (relating to high interest rate
credit/lending transactions), (b) includes any single premium credit, life or accident and health insurance or disability insurance, or (c) is a High Cost Mortgage Loan. 

“Mortgage Loan Schedule” shall mean with respect to any Transaction as of any date, a mortgage loan schedule in the form of a
computer tape or other electronic medium generated by Seller and delivered to Buyer via the Warehouse Electronic System and to Custodian as specified in the Custodial Agreement, which provides information relating to the Purchased Assets in a format
required by Buyer. 

  
 14 

 “Mortgage Note” shall mean the promissory note or other evidence of the
indebtedness of a Mortgagor secured by a Mortgage. 
 “Mortgage Product” shall have the meaning set forth in the Pricing
Letter. 
 “Mortgaged Property” shall mean the real property or other Co-op Loan
collateral securing repayment of the debt evidenced by a Mortgage Note. 
 “Mortgagor” shall mean the obligor or obligors
on a Mortgage Note, including any Person who has assumed or guaranteed the obligations of the obligor thereunder. 
 “Net
Income” shall mean, for any Person for any period, the net income of such Person for such period as determined in accordance with GAAP. 

“Netting Agreement” shall mean that certain Master Netting and Setoff Agreement dated as of the date hereof, among Buyer, UBS
Real Estate Securities Inc. and Seller as the same may be amended from time to time. 

“Non-Excluded Taxes” shall have the meaning set forth in Section 7(a) of the
Agreement. 
 “Non-Exempt Buyer” shall have the meaning set forth in
Section 7(e) of the Agreement. 
 “Nondefaulting Party” shall have the meaning set forth in Section 29 of the
Agreement. 
 “Obligations” shall mean (a) any amounts owed by Seller to Buyer in connection with a Transaction
hereunder, together with interest thereon (including interest which would be payable as post-petition interest in connection with any bankruptcy or similar proceeding) and all other fees or expenses which are
payable hereunder or under any of the Program Documents and (b) all other obligations or amounts owed by Seller to Buyer or an Affiliate of Buyer under any other contract or agreement, in each case, whether such amounts or obligations owed are
direct or indirect, absolute or contingent, matured or unmatured. 
 “Omnibus Account” shall mean the account established
pursuant to Section 9(d) of the Agreement. 
 “Operating Account” shall mean the account established pursuant to
Section 9(d) of the Agreement. 
 “Operating Account Rate” shall have the meaning specified in the Pricing Letter.

 “Other Conforming Mortgage Loan” shall mean a Mortgage Loan, which is secured by a first lien (subject to Permitted
Encumbrances), such Mortgage Loan either (a) conforms to the requirements of an Agency for securitization or cash purchase or (b) is eligible to be insured by FHA, guaranteed by VA or guaranteed by RD (excluding any Mortgage Loan which
exceeds Agency guidelines for maximum general conventional loan amount) but does not otherwise meet all of the requirements of a Conforming Mortgage Loan as set forth herein. 

  
 15 

 “Other Taxes” shall have the meaning set forth in Section 7(b) of the
Agreement. 
 “PBGC” shall mean the Pension Benefit Guaranty Corporation or any entity succeeding to any or all of its
functions under ERISA. 
 “Permitted Encumbrances” shall mean the items described in clauses (m)(i) through (iii) of
Schedule 1. 
 “Person” shall mean any individual, corporation, company, voluntary association, partnership, joint venture,
limited liability company, trust, unincorporated association or government (or any agency, instrumentality or political subdivision thereof). 

“Plan” shall have the meaning set forth in Section 10(s) of the Agreement. 

“PMI Policy” shall mean a policy of primary mortgage guaranty insurance issued by a Qualified Insurer, as required by this
Agreement with respect to certain Mortgage Loans. 
 “Post-Default Rate” shall have
the meaning set forth in the Pricing Letter. 
 “Power of Attorney” shall have the meaning set forth in Section 8(d)
of the Agreement. 
 “Price Differential” shall mean, with respect to any Transaction hereunder as of any date, the
aggregate amount obtained by daily application of the Pricing Rate (or, during the continuation of an Event of Default, by daily application of the Post-Default Rate) for such Transaction to the Purchase Price
for such Transaction on a 360 day per year basis for the actual number of days during the period commencing on (and including) the Purchase Date for such Transaction and ending on (but excluding) the Repurchase Date (reduced by any amount of such
Price Differential previously paid by Seller to Buyer with respect to such Transaction). 
 “Pricing Letter” shall mean
that certain letter agreement among Buyer and each Seller Party, dated as of the date hereof, as the same may be amended from time to time. 

“Pricing Rate” shall have the meaning set forth in the Pricing Letter. 

“Program Documents” shall mean this Agreement, the Pricing Letter, the Custodial Agreement, the Electronic Tracking
Agreement, the Netting Agreement, the Application, a Servicer Notice, if any, and the Power of Attorney. 
 “Property”
shall mean any right or interest in or to property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible. 

“Proprietary Lease” shall mean the lease on a Co-op Unit evidencing the possessory
interest of the owner in the Co-op Shares in such Co-op Unit. 

  
 16 

 “Purchase Advice” shall mean a list of Purchased Assets that are requested
to be repurchased in connection with a sale to an Approved Investor which shall set forth the loan identification numbers and related Takeout Price on a loan-by-loan and
aggregate basis in an electronic format agreed to by Buyer. 
 “Purchase Advice Deficiency” shall have the meaning set
forth in Section 3(e) of the Agreement. 
 “Purchase Date” shall mean the date on which Purchased Assets are
transferred by Seller to Buyer or its designee. 
 “Purchase Price” shall have the meaning set forth in the Pricing Letter.

 “Purchased Agency Security” shall mean each Agency Security that is subject to a Transaction and which has not been
repurchased by Seller hereunder. 
 “Purchased Assets” shall mean the Purchased Mortgage Loans and the Purchased Agency
Securities. 
 “Purchased Mortgage Loan” shall mean each Mortgage Loan sold by Seller to Buyer in a Transaction, as
reflected in the Confirmation, and which has not been repurchased by Seller hereunder. 
 “QM Rule” shall mean 12 CFR
1026.43(e), including all applicable official staff commentary. 
 “Qualified Insurer” shall mean a mortgage guaranty
insurance company duly authorized and licensed where required by law to transact mortgage guaranty insurance business and acceptable under the Approved Underwriting Guidelines. 

“Qualified Mortgage” shall mean a Mortgage Loan that satisfies the criteria for a “qualified mortgage” as set forth
in the QM Rule. 
 “RD” shall mean the United States Department of Agriculture Rural Development and any successor thereto.

 “Recognition Agreement” shall mean, an agreement among a Co-op Corporation, a
lender and a Mortgagor with respect to a Co-op Loan whereby such parties (i) acknowledge that such lender may make, or intends to make, such Co-op Loan, and
(ii) make certain agreements with respect to such Co-op Loan. 
 “Records”
shall mean all instruments, agreements and other books, records, and reports and data generated by other media for the storage of information maintained by Seller or any other person or entity with respect to a Purchased Asset. Records shall include
the Mortgage Notes, any Mortgages, the Mortgage Files, the credit files related to the Purchased Asset and any other instruments necessary to document or service a Mortgage Loan. 

“Register” shall have the meaning set forth in Section 18(b) of the Agreement. 

  
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 “Regulations T, U and X” shall mean Regulations T, U and X of the Board of
Governors of the Federal Reserve System (or any successor), as the same may be modified and supplemented and in effect from time to time. 

“Reportable Event” shall mean any of the events set forth in Section 4043(c) of ERISA, other than those events as to
which the thirty day notice period is waived under subsections .21, .22, .24, .26, .27 or .28 of PBGC Reg. § 4043. 

“Reporting Date” shall have the meaning set forth in the Pricing Letter. 

“Reporting Period” shall have the meaning provided in Section 10(s) of the Agreement. 

“Repurchase Assets” shall have the meaning provided in Section 8(a) of the Agreement. 

“Repurchase Date” shall mean the date on which Seller is to repurchase the Purchased Assets subject to a Transaction from
Buyer which shall be the earliest of (i) the Termination Date or (ii) any date determined by application of the provisions of Sections 3(e) or 13. 

“Repurchase Price” shall mean the price at which Purchased Assets are to be transferred from Buyer or its designee to Seller
upon termination of a Transaction, which will be determined in each case (including Transactions terminable upon demand) as the sum of (a) the Purchase Price; (b) any unpaid Price Differential plus (c) any Warehouse Fees or other fees
due as of the date of such determination. 
 “Requirement of Law” shall mean as to any Person, the certificate of
incorporation and bylaws or other organizational or governing documents of such Person, and any law, treaty, rule, regulation, procedure or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or
binding upon such Person or any of its property or to which such Person or any of its Property is subject. 
 “Resi
Facility” shall have the meaning set forth in the Pricing Letter. 
 “Resi Operating Account” shall mean the
“Operating Account” as defined in the RESI Facility. 
 “Responsible Officer” shall mean an officer of Seller
Party listed on Schedule 2 hereto, as such Schedule 2 may be amended from time to time. 
 “S&P” shall
mean Standard & Poor’s Ratings Services, or any successor thereto. 
 “Sanctions” shall have the meaning set
forth in Section 10(y) of the Agreement. 
 “Scheduled Indebtedness” shall have the meaning set forth in
Section 10(n) of the Agreement. 

  
 18 

 “SEC” shall have the meaning set forth in Section 32 of the Agreement.

 “Section 4402” shall have the meaning set forth in Section 29 of the Agreement. 

“Seller” shall mean loanDepot.com, LLC, or any successor in interest thereto. 

“Seller Party” shall mean each of Seller and the Guarantor, if any, and collectively, Seller Parties. 

“Servicer” shall mean Seller, its successors in interest and assigns as approved by Buyer. 

“Servicer Notice” shall mean to the extent applicable, the notice acknowledged by the third party Servicer substantially in
the form of Exhibit C hereto. 
 “Servicing Agreement” shall have the meaning set forth in Section 15(b) of the
Agreement. 
 “Servicing Rights” shall mean the rights of any Person to administer, service or subservice, the Purchased
Assets or to possess related Records. 
 “Servicing Term” shall have the meaning set forth in Section 15(a) of the
Agreement. 
 “Settlement Agent” shall mean a closing agent or a title insurance company or its agent which has not been
disapproved by Buyer in its sole discretion. 
 “SIPA” shall have the meaning set forth in Section 32 of the
Agreement. 
 “Stock Certificate” shall mean, with respect to a Co-op Loan, the
certificates evidencing ownership of the Co-op Shares issued by the Co-op Corporation. 

“Stock Power” shall mean, with respect to a Co-op Loan, an assignment of the Stock
Certificate or an assignment of the Co-op Shares issued by the Co-op Corporation. 

“Subservicer” shall have the meaning set forth in Section 15(b) of the Agreement. 

“Subsidiary” shall mean, with respect to any Person, any corporation, partnership or other entity of which at least a
majority of the securities or other ownership interests having by the terms thereof ordinary voting power to elect a majority of the board of directors or other persons performing similar functions of such corporation, partnership or other entity
(irrespective of whether or not at the time securities or other ownership interests of any other class or classes of such corporation, partnership or other entity shall have or might have voting power by reason of the happening of any contingency)
is at the time directly or indirectly owned or controlled by such Person or one or more Subsidiaries of such Person or by such Person and one or more Subsidiaries of such Person. 

  
 19 

 “Successor Servicer” shall have the meaning set forth in Section 15(g)
of the Agreement. 
 “Takeout Commitment” shall mean (a) with respect to Purchased Assets other than Jumbo Mortgage
Loans and Purchased Agency Securities, either (i) a commitment of Seller to sell one or more such Purchased Assets to an Approved Investor (including an Agency) and the corresponding Approved Investor’s (including an Agency’s)
commitment back to Seller to effectuate the foregoing, which commitment may be in the form of a “to be allocated” (TBA) commitment for which the related Purchased Assets are allocated or (ii) a commitment of an Agency to swap one or
more Purchased Mortgage Loans for an Agency Security, which commitment may be in the form of a “to be allocated” (TBA) commitment for which the related Purchased Mortgage Loans are allocated; (b) with respect to Purchased Assets that
are Jumbo Mortgage Loans, (i) a commitment of Seller to sell one or more such Purchased Assets to an Approved Investor and the corresponding Approved Investor’s commitment back to Seller to effectuate the foregoing, or (ii) evidence
that the Seller is granted delegated authority by the Approved Investor, which in each instance meets the requirements set forth in the definition of “Jumbo Mortgage Loan”; and (c) with respect to Purchased Agency Securities, a
commitment of Seller to sell one or more Purchased Agency Securities to an Approved Investor and the corresponding Approved Investor’s commitment back to Seller to effectuate the foregoing; and in each case, the expiration date of such
commitment has not occurred. 
 “Takeout Failure” shall mean, with respect to any Takeout Commitment (a) for the
purchase of a Purchased Asset, the failure of the Approved Investor to purchase such Purchased Asset pursuant to such Takeout Commitment and (b) for the swap of a Purchased Mortgage Loan for an Agency Security backed by such Purchased Mortgage
Loan, an Agency Security Issuance Failure. 
 “Takeout Price” shall mean the price at which the Approved Investor has
agreed to purchase a Purchased Asset from the Seller. 
 “Tax Compliance Certificate” shall have the meaning set forth in
Section 7(e)(ii) hereof. 
 “Taxes” shall have the meaning set forth in Section 7(a) of the Agreement. 

“Temporary Increase” shall have the meaning set forth in Section 3(f) of the Agreement. 

“Temporary Increase Request” shall mean a request by a Seller Party for a Temporary Increase in the form of Exhibit G
hereto. 
 “Temporary Maximum Aggregate Purchase Price” shall have the meaning set forth in Section 3(f) of the
Agreement. 
 “Termination Date” shall have the meaning set forth in the Pricing Letter. 

“Third Party Participants” shall have the meaning set forth in Section 11(x) of the Agreement. 

  
 20 

 “Third Party Transaction Parties” shall have the meaning set forth in
Section 16 of the Agreement. 
 “Trade Assignment” shall mean an assignment to Buyer of a forward trade between an
Approved Investor and Seller with respect to one or more Purchased Agency Securities substantially in the form of Exhibit D hereto. 

“Transaction” shall have the meaning specified in Section 1 of the Agreement. 

“Transaction Request” shall mean a request from Seller to Buyer to enter into a Transaction, which shall be submitted
electronically through the Warehouse Electronic System. 
 “Trust Receipt” shall mean the “Master Trust Receipt”
as defined in the Custodial Agreement. 
 “Uniform Commercial Code” or “UCC” shall mean the Uniform
Commercial Code as in effect from time to time in the State of New York; provided that if by reason of mandatory provisions of law, the perfection or the effect of perfection or non-perfection of the security
interest in any Repurchase Assets or the continuation, renewal or enforcement thereof is governed by the Uniform Commercial Code as in effect in a jurisdiction other than New York, “Uniform Commercial Code” shall mean the Uniform
Commercial Code as in effect in such other jurisdiction for purposes of the provisions of the Agreement relating to such perfection or effect of perfection or non-perfection. 

“U.S. Treasury Regulations” shall mean regulations promulgated by the U.S. Department of the Treasury under the Code. 

“VA” shall mean the U.S. Department of Veterans Affairs, an agency of the United States of America, or any successor thereto
including the Secretary of Veterans Affairs. 
 “Warehouse Accounts” shall have the meaning set forth in Section 9(c)
of the Agreement. 
 “Warehouse Electronic System” shall mean the system utilized by Buyer either directly, or through its
vendors, and which may be accessed by Seller in connection with delivering and obtaining information and requests in connection with the Program Documents. 

“Warehouse Fees” shall have the meaning set forth in the Pricing Letter. 

“Wet Delivery Deadline” shall have the meaning set forth in the Pricing Letter. 

“Wet Loan” shall mean a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof. 

“Wiring Instructions” shall mean the wiring instructions of Buyer and Seller as provided to the other party in writing, as
applicable. 

  
 21 

 SECTION 3. INITIATION; TERMINATION 

(a) Conditions Precedent to Initial Transaction. Buyer’s agreement to enter into the initial Transaction hereunder is subject to
the satisfaction, immediately prior to or concurrently with the making of such Transaction, of the condition precedent that Buyer shall have received from Seller any fees and expenses payable hereunder, and all of the following documents, each of
which shall be satisfactory to Buyer and its counsel in form and substance: 
 (i) Program Documents. The Program
Documents duly executed and delivered by the parties thereto. 
 (ii) Officer’s Certificate. An officer’s
certificate of each Seller Party substantially in the form of Exhibit B attached hereto which shall include (A) certified copies of the organizational documents of each Seller Party and (B) a certified copy of a good standing
certificate from the jurisdiction of organization of each Seller Party, dated as of no earlier than the date ten (10) Business Days prior to the Purchase Date with respect to the initial Transaction hereunder. 

(iii) Opinion of Counsel. An opinion of each Seller Party’s counsel addressing those matters as set forth on
Exhibit A attached hereto. 
 (iv) Security Interest. Evidence that all other actions
necessary or, in the opinion of Buyer, desirable to perfect and protect Buyer’s interest in the Purchased Assets and other Repurchase Assets have been taken, including, without limitation, UCC searches and duly authorized and filed Uniform
Commercial Code financing statements on Form UCC-1. 
 (v) Insurance. Evidence
that Seller has added endorsements for theft of warehouse lender money and collateral, naming Buyer as a loss payee under its Fidelity Insurance and as a direct loss payee/right of action under its errors and omissions insurance policy. 

(vi) Warehouse Fees. Payment of any Warehouse Fees and other costs and expenses due and payable to Buyer hereunder. 

(vii) Other Documents. Such other documents as Buyer may reasonably request, in form and substance reasonably acceptable
to Buyer. 
 (b) Conditions Precedent to all Transactions. Upon satisfaction of the conditions set forth in this Section 3(b),
Buyer may enter into a Transaction with Seller. Buyer’s entering into each Transaction (including the initial Transaction) is subject to the satisfaction of the following further conditions precedent, both immediately prior to entering into
such Transaction and also after giving effect thereto to the intended use thereof: 
 (i) Due Diligence Review.
Without limiting the generality of Section 16 of the Agreement, Buyer shall have completed, to its satisfaction, its preliminary due diligence review of the related Mortgage Loans and Seller Parties. 

  
 22 

 (ii) No Default. No Default or Event of Default shall have occurred
and be continuing under the Program Documents. 
 (iii) Representations and Warranties. Both immediately prior to the
Transaction and also after giving effect thereto and to the intended use thereof, the representations and warranties made by each Seller Party in Section 10 of the Agreement, shall be true, correct and complete on and as of such Purchase Date
in all material respects with the same force and effect as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date). 

(iv) Maximum Available Purchase Price. After giving effect to the requested Transaction, the aggregate outstanding
Purchase Price for all Purchased Assets subject to then outstanding Transactions under this Agreement shall not exceed the Maximum Available Purchase Price. 

(v) No Margin Deficit. After giving effect to the requested Transaction, the Asset Value of all Purchased Assets exceeds
the aggregate Purchase Price for such Transactions. 
 (vi) Transaction Request. Seller shall have delivered to Buyer
a Mortgage Loan Schedule with respect to all Mortgage Loans subject to the requested Transaction pursuant to the timeframes set forth in Section 3(c) hereof. 

(vii) Delivery of Mortgage File. Seller shall have delivered to Custodian the Mortgage File with respect to each
Mortgage Loan (other than a Wet Loan) subject to the requested Transaction in accordance with the timeframes set forth in the Custodial Agreement. 

(viii) Delivery of Trust Receipt. Custodian shall have delivered to Buyer, in accordance with the timeframes set forth
in the Custodial Agreement, a Trust Receipt and a Custodial Loan Transmission with respect to each Mortgage Loan subject to the requested Transaction. 

(ix) Release Documentation. If requested by Buyer, Seller shall have delivered to Buyer (a) with respect to a
Correspondent Mortgage Loan, a bailee letter from the third party originator or its designee; (b) with respect to a Mortgage Loan that has been subject to a third party warehouse agreement (as approved by Buyer), a release from the related
warehouse lender and (c) with respect a Mortgage Loan that Buyer is purchasing directly from Seller (as approved by Buyer), a release from Seller, in each case in form and substance acceptable to Buyer in its sole discretion. 

(x) Fees and Expenses. Buyer shall have received all fees and expenses as contemplated by Sections 9 and 14(b)
which amounts, at Buyer’s option, may be withheld from the proceeds remitted by Buyer to Seller pursuant to any Transaction hereunder; and 

  
 23 

 (xi) No Violation of Law. If any Requirement of Law (other than with
respect to any amendment made to Buyer’s certificate of incorporation and bylaws or other organizational or governing documents) or any change in the interpretation or application of any Requirement of Law thereof or compliance by Buyer with
any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority made subsequent to the date hereof shall result in Buyer’s entering into any Transaction to be a violation of such
Requirement of Law. 
 (xii) No Material Adverse Change. None of the following shall have occurred and/or be
continuing: 
 (A) an event or events shall have occurred in the good faith determination of Buyer resulting in the
effective absence of a “repo market” or comparable “lending market” for financing debt obligations secured by mortgage loans or securities or an event or events shall have occurred resulting in Buyer not being able to finance
Mortgage Loans through the “repo market” or “lending market” with traditional counterparties at rates which would have been reasonable prior to the occurrence of such event or events; or 

(B) an event or events shall have occurred resulting in the effective absence of a “securities market” for
securities backed by mortgage loans or an event or events shall have occurred resulting in Buyer not being able to sell securities backed by mortgage loans at prices which would have been reasonable prior to such event or events; or 

(C) there shall have occurred a material adverse change in the financial condition of Buyer which affects (or can reasonably
be expected to affect) materially and adversely the ability of Buyer to fund its obligations under this Agreement; or 
 (D)
there shall have occurred (i) a material change in financial markets, an outbreak or escalation of hostilities or a material change in national or international political, financial or economic conditions; (ii) a general suspension of
trading on major stock exchanges; or (iii) a disruption in or moratorium on commercial banking activities or securities settlement services. 

(xiii) Maintenance of DE Compare Ratio. Seller’s DE Compare Ratio as of the most recent calendar quarter has not
exceeded 195%. 
 Each Transaction Request delivered by Seller hereunder shall constitute a certification by Seller that all the conditions
set forth in this Section 3(b) (other than clause (xii) hereof) have been satisfied (both as of the date of such notice or request and as of Purchase Date). 

  
 24 

 (c) Initiation. 

(i) Throughout each Business Day, Seller may request that Buyer enter into Transactions hereunder by delivering a Mortgage Loan
Schedule with respect to all Mortgage Loans subject to the requested Transaction on or prior to (A) with respect to Wet Loans, 4:00 p.m. (New York City time) on the requested Purchase Date and (B) with respect to Mortgage Loans other than
Wet Loans, 2:00 p.m. (New York City time) on the Business Day prior to the requested Purchase Date. 
 (ii) Seller shall
deliver to Custodian the Mortgage File with respect to each Mortgage Loan subject to the requested Transaction (A) which is not a Wet Loan, in accordance with the timeframes set forth in the Custodial Agreement, and (B) with respect to
each Wet Loan, on or prior to the Wet Delivery Deadline. 
 (iii) Following receipt of such request, Buyer shall agree to
enter into such requested Transaction so long as the conditions set forth herein are satisfied and after giving effect to the requested Transaction the aggregate outstanding Purchase Price does not exceed the Maximum Available Committed Purchase
Price, in which case Buyer shall remit the Purchase Price pursuant to the Seller’s Wiring Instructions. 
 (iv)
Buyer’s remittance of the Purchase Price in connection with the Transaction and Seller’s acceptance thereof, will constitute the parties agreement to enter into such Transaction. Upon remittance of the Purchase Price to Seller, Seller
hereby grants, assigns, conveys and transfers all rights in and to the Purchased Assets evidenced on the related Mortgage Loan Schedule submitted through the Warehouse Electronic System. 

(v) Buyer shall confirm the terms of each Transaction by posting a Confirmation on the Warehouse Electronic System by the end
of the day on each Purchase Date. Each Confirmation together with this Agreement, shall be conclusive evidence of the terms of the Transaction(s) covered thereby unless objected to in writing by Seller no more than two (2) Business Days after
the date such Confirmation was posted on the Warehouse Electronic System or unless a corrected Confirmation is posted by Buyer; provided that Buyer’s failure to post a Confirmation shall not affect the obligations of Seller under any
Transaction. An objection sent by Seller must state specifically that such writing which is an objection, must specify the provision(s) being objected to by Seller, must set forth such provision(s) in the manner that Seller believes they should be
stated, and must be received by Buyer no more than two (2) Business Days after the Confirmation was posted on the Warehouse Electronic System. 

(vi) The Repurchase Date for each Transaction shall not be later than the Termination Date. 

(d) Issuance of Agency Securities. Upon the written approval of Buyer and subject to (x) Seller’s prompt delivery to the
applicable Agency any and all documents necessary to enable such Agency to make Delivery to Buyer or its designee of an Agency Security backed by the related Purchased Mortgage Loans and (y) receipt of the applicable Trade Assignment, Seller
may cause Purchased Mortgage Loans to be pooled for the purpose of backing an Agency Security. At such time as an Agency Security backed by a pool of Purchased Mortgage Loans is delivered to Buyer by the applicable Agency, (a) such Agency
Security shall immediately and with no further action on the part of Buyer, Seller or Custodian become subject to a Transaction 

  
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hereunder and (b) the pool of Purchased Mortgage Loans backing such Agency Security shall immediately and with no further action on the part of Buyer, Seller or Custodian no longer be
subject to a Transaction hereunder and Buyer shall have been deemed to release any ownership and/or security interest it has in such pool of Purchased Mortgage Loans. 

(e) Repurchase; Purchase by an Approved Investor. 

(i) Seller may repurchase Purchased Assets without penalty or premium on any date by remitting to Buyer the applicable
Repurchase Price pursuant to the Buyer’s Wiring Instructions. 
 (ii) Any repurchase of Purchased Assets may occur
simultaneously with a sale of the Purchased Asset to an Approved Investor subject to the following procedures: 
 (A) Seller
shall instruct the Approved Investor to remit directly to Buyer pursuant to Buyer’s Wiring Instructions no later than 4:00 p.m. (New York City time) on any Business Day the Takeout Price in an amount equal to the Repurchase Price for such
Purchased Asset. 
 (B) Simultaneously, Seller shall deliver to Buyer electronically the related Purchase Advice. The
Takeout Price received by Buyer must equal the amount set forth on the Purchase Advice. 
 (C) The Takeout Price shall be
applied to reduce the Repurchase Price in respect of the Purchased Assets listed on the Purchase Advice. In the event the Takeout Price is less than the Repurchase Price, the Buyer shall withdraw funds from the Operating Account and Warehouse
Accounts such that no deficiency exists. For the avoidance of doubt, Buyer shall not release its interests in any Purchased Asset until such time as it receives the Repurchase Price in full. 

(D) In the event Buyer receives the Takeout Price on or prior to 4:00 p.m. (New York City time) and either (x) no
Purchase Advice is received or (y) the Takeout Price does not match the amount on the Purchase Advice (a “Purchase Advice Deficiency”), then Buyer shall retain the Takeout Price and the related Purchased Assets shall not be
released and the Transactions shall continue to accrue Price Differential under this Agreement until the Purchase Advice Deficiency is remedied. In the event the Takeout Price matches the amount set forth in the Purchase Advice but are in excess of
the Repurchase Price (such amount, the “Excess Proceeds”) provided that no Default or Event of Default exists, Buyer shall remit such Excess Proceeds to the Operating Account or as otherwise agreed to by Buyer and Seller. 

(E) In no event shall Buyer be liable to Seller, any Approved Investor or any other Person in connection with the procedures
set forth herein.     
 (iii) On the Repurchase Date, termination of the Transaction will be effected by
reassignment to Seller or its designee of the Purchased Assets against the simultaneous transfer of the Repurchase Price as described in this Section 3(e). Such obligation to repurchase exists without regard to any prior or intervening
liquidation or foreclosure with respect to any Purchased Asset. 

  
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 (f) Request for Temporary Increase. A Seller Party may request a temporary increase
of the Maximum Aggregate Purchase Price (a “Temporary Increase”) by submitting to Buyer an executed Temporary Increase Request, setting forth the requested increased Maximum Aggregate Purchase Price (such increased amount, the
“Temporary Maximum Aggregate Purchase Price”) and the effective date and expiration date of such Temporary Increase. Buyer may from time to time, in its sole and absolute discretion, consent to such Temporary Increase, by returning
to such Seller Party a countersigned Temporary Increase Request. At any time that a Temporary Increase is in effect, the Maximum Aggregate Purchase Price shall equal the Temporary Maximum Aggregate Purchase Price for all purposes of this Agreement
and all calculations and provisions relating to the Maximum Aggregate Purchase Price shall refer to the Temporary Maximum Aggregate Purchase Price. Upon the termination of a Temporary Increase, Seller shall repurchase Purchased Assets in order to
reduce the aggregate outstanding Purchase Price of all Transactions to the Maximum Aggregate Purchase Price (as reduced by the termination of such Temporary Increase). 

SECTION 4. MARGIN AMOUNT MAINTENANCE 

(a) Buyer shall determine the Market Value of each Purchased Asset at such intervals as determined by Buyer in its sole discretion. 

(b) If at any time the aggregate Asset Values of Purchased Assets then subject to Transactions are less than the aggregate Purchase Prices for
such Purchased Assets (a “Margin Deficit”), then Buyer may by notice to Seller (as such notice is more particularly set forth below, a “Margin Call”), require Seller to transfer to Buyer or its designee cash in the amount of the
Margin Deficit.  
 (c) Notice delivered pursuant to Section 4(b) may be given by any written or electronic means. Any notice
given before 10:00 a.m. (New York City time) on a Business Day shall be met, and the related Margin Call satisfied, no later than 5:00 p.m. (New York City time) on such Business Day; notice given after 10:00 a.m. (New York City time) on a Business
Day shall be met, and the related Margin Call satisfied, no later than 5:00 p.m. (New York City time) on the following Business Day. 
 (d)
The failure of Buyer, on any one or more occasions, to exercise its rights hereunder, shall not change or alter the terms and conditions to which this Agreement is subject or limit the right of Buyer to do so at a later date. Seller and Buyer each
agree that a failure or delay by Buyer to exercise its rights hereunder shall not limit or waive Buyer’s rights under this Agreement or otherwise existing by law or in any way create additional rights for Seller. 

(e) Any cash transferred to Buyer pursuant to Section 4(b) above shall be held as unsegregated cash margin and collateral for all
Obligations under this Agreement. 

  
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 SECTION 5. COLLECTIONS; INCOME PAYMENTS 

(a) On each Business Day that a Transaction is outstanding, the Pricing Rate shall be reset and, unless otherwise agreed, the accrued and
unpaid Price Differential shall be settled in cash on each related Repurchase Date. To the extent a Purchased Asset is subject to a Transaction for a period in excess of forty-five (45) calendar days, at Buyer’s sole option, Price
Differential shall be settled in cash on such date and thereafter as more frequently requested by Buyer. 
 (b) Upon request of Buyer, Seller
shall establish and maintain a segregated time or demand deposit account for the benefit of Buyer (the “Custodial Account”) with Buyer, UBS AG Stamford Branch or an Insured Depository Institution acceptable to Buyer in its sole
discretion and shall deposit into the Custodial Account, within two (2) Business Days of receipt, all Income received with respect to each Mortgage Loan sold hereunder. Seller shall cause all Income received with respect to the Purchased Assets
by any Servicer to be remitted directly to the Custodial Account. Under no circumstances shall Seller deposit any of its own funds into the Custodial Account or otherwise commingle its own funds with funds belonging to Buyer as owner of any Mortgage
Loans. Seller shall name the Custodial Account “loanDepot.com, LLC in trust for the benefit of UBS Bank USA.” 
 (c) All Income
received with respect to a Mortgage Loan purchased hereunder, whether or not deposited in the Custodial Account, shall be held in trust for the exclusive benefit of Buyer as the owner of such Mortgage Loan. 

(d) Following an Event of Default, Seller shall remit to Buyer all Income and any funds in the Custodial Account as instructed by Buyer in
writing. Such remittances shall be by wire transfer in accordance with wire transfer instructions previously given to Seller by Buyer. 
 (e)
Seller authorizes Buyer to withdraw any Income otherwise due Buyer hereunder from any of the Warehouse Accounts and the Operating Account. 

(f) Seller shall not change the identity or location of the Custodial Account. Seller shall from time to time, at its own cost and expense,
execute such directions to Buyer, and other papers, documents or instruments as may be reasonably requested by Buyer. 
 (g) If Buyer so
requests, Seller shall promptly notify Buyer of each deposit in the Custodial Account, and each withdrawal from the Custodial Account, made by it with respect to Mortgage Loans owned by Buyer and serviced by Seller. Seller shall also promptly
deliver to Buyer photocopies of all periodic bank statements and other records relating to the Custodial Account as Buyer may from time to time request. 

(h) The amount required to be paid or remitted by Seller to Buyer, not made when due shall bear interest from the due date until the
remittance, transfer or payment is made, payable by Seller, at the lesser of the Post-Default Rate or the maximum rate of interest permitted by law. If there is no maximum rate of interest specified by applicable law, interest on such sums shall
accrue at the Post-Default Rate. 

  
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 SECTION 6. REQUIREMENT OF LAW 

(a) If any Requirement of Law (other than with respect to any amendment made to Buyer’s certificate of incorporation and bylaws or other
organizational or governing documents) including those regarding capital adequacy, or any change in the interpretation or application of any Requirement of Law thereof or compliance by Buyer with any request or directive (whether or not having the
force of law) from any central bank or other Governmental Authority made subsequent to the date hereof: 
 (i) shall subject
Buyer to any Tax or increased Tax of any kind whatsoever or change the basis of taxation of payments to Buyer; 
 (ii) shall
impose, modify or hold applicable any reserve, special deposit, compulsory loan or similar requirement against assets held by, deposits or other liabilities in or for the account of, advances, or other extensions of credit by, or any other
acquisition of funds by, any office of Buyer; 
 (iii) shall impose on Buyer any other condition; 

and the result of any of the foregoing is to increase the cost to Buyer, by an amount which Buyer deems to be material, of entering, continuing or maintaining
any Transaction or to reduce any amount due or owing hereunder in respect thereof, or shall have the effect of reducing Buyer’s rate of return then, in any such case, Seller shall promptly pay Buyer such additional amount or amounts as
calculated by Buyer in good faith as will compensate Buyer for such increased cost or reduced amount receivable on an after-tax basis. 

(b) If Buyer shall have determined that the adoption of or any change in any Requirement of Law (other than with respect to any amendment made
to Buyer’s certificate of incorporation and by-laws or other organizational or governing documents) regarding capital adequacy or in the interpretation or application thereof or compliance by Buyer or any
corporation controlling Buyer with any request or directive regarding capital adequacy (whether or not having the force of law) from any Governmental Authority made subsequent to the date hereof shall have the effect of reducing the rate of return
on Buyer’s or such corporation’s capital as a consequence of its obligations hereunder to a level below that which Buyer or such corporation could have achieved but for such adoption, change or compliance (taking into consideration
Buyer’s or such corporation’s policies with respect to capital adequacy) by an amount deemed by Buyer to be material, then from time to time, Seller shall promptly pay to Buyer such additional amount or amounts as will compensate Buyer for
such reduction. 
 (c) If Buyer becomes entitled to claim any additional amounts pursuant to this Section 6, it shall promptly notify
Seller of the event by reason of which it has become so entitled. A certificate as to any additional amounts payable pursuant to this Section 6 submitted by Buyer to Seller shall be conclusive in the absence of manifest error. 

  
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 SECTION 7. TAXES. 

(a) Any and all payments by or on behalf of any Seller Party under or in respect of this Agreement or any other Program Documents to which any
Seller Party is a party shall be made free and clear of, and without deduction or withholding for or on account of, any and all present or future taxes, levies, imposts, duties, deductions, assessments, fees, charges or withholdings (including
backup withholdings), and all liabilities (including penalties, interest and additions to tax) with respect thereto, whether now or hereafter imposed, levied, collected, withheld or assessed by any taxation authority or other Governmental Authority
(collectively, “Taxes”), unless required by law. If any Person shall be required under any applicable Requirement of Law to deduct or withhold any Taxes from or in respect of any sum payable under or in respect of this Agreement or
any of the other Program Documents to Buyer (including, for purposes of Section 6 and this Section 7, any agent, assignee, successor or participant), (i) Seller Party shall make all such deductions and withholdings in respect of
Taxes, (ii) Seller Party shall timely pay the full amount deducted or withheld in respect of Taxes to the relevant taxation authority or other Governmental Authority in accordance with any Requirement of Law, and (iii) the sum payable by
Seller Party shall be increased as may be necessary so that after Seller Party has made all required deductions and withholdings (including deductions and withholdings applicable to additional amounts payable under this Section 7) such Buyer
receives an amount equal to the sum it would have received had no such deductions or withholdings been made in respect of Non-Excluded Taxes. For purposes of this Agreement the term “Non-Excluded Taxes” are Taxes other than, in the case of a Buyer, (i) Taxes that are imposed on its overall net income (and franchise taxes imposed in lieu thereof) by the jurisdiction under the laws
of which such Buyer is organized or of its applicable lending office, or any political subdivision thereof, unless such Taxes are imposed as a result of such Buyer having executed, delivered or performed its obligations or received payments under,
or enforced, this Agreement or any of the other Program Documents (in which case such Taxes will be treated as Non-Excluded Taxes), and (ii) Taxes imposed as a result of its failure to comply with the
requirements of Sections 1471 through 1474 of the Code (as in effect on the date hereof) and any U.S. Treasury Regulations promulgated thereunder (“FATCA”). 

(b) In addition, each Seller Party hereby agrees to timely pay or, at the Buyer’s option, timely reimburse it for payment of, any present
or future stamp, court, recording, documentary, excise, filing, intangible, property or value-added taxes, or similar taxes, charges or levies that arise from any payment made under or in respect of this Agreement or any other Program Document or
from the execution, delivery, enforcement or registration of, any performance, receipt or perfection of a security interest under, or otherwise with respect to, this Agreement or any other Program Document (collectively, “Other
Taxes”). 
 (c) Each Seller Party hereby agrees to indemnify Buyer (including its Beneficial Tax Owners) for, and to hold it
harmless against, the full amount of Non-Excluded Taxes and Other Taxes, and the full amount of Taxes of any kind imposed by any jurisdiction on amounts payable under this Section 7 imposed on, paid,
deducted or withheld by such Buyer (or any Beneficial Tax Owners thereof) and any liability (including penalties, additions to tax, interest and expenses) arising therefrom or with respect thereto. A certificate as to the amount of such Taxes or
liabilities delivered to the Seller Party by Buyer shall be conclusive absent manifest error. The indemnity by each Seller Party provided for in this Section 7(c) shall apply and be made whether or not the
Non-Excluded Taxes, Other Taxes or any other liabilities for which indemnification hereunder is sought have been correctly or legally asserted. Amounts payable by a Seller Party under the indemnity set forth
in this Section 7(c) shall be paid within ten (10) days from the date on which Buyer makes written demand therefor. 

  
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 (d) Within thirty (30) days of request of Buyer, Seller Party (or any Person making
such payment on behalf of Seller Party) shall furnish to Buyer for its own account a certified copy of the original official receipt evidencing payment thereof. 

(e) For purposes of this Section 7(e), the terms “United States” and “United States person” shall have the meanings
specified in Section 7701 of the Code. Each Buyer (including for avoidance of doubt any assignee, successor or participant) that either (i) is not organized under the laws of the United States, any State thereof, or the District of
Columbia or (ii) whose name does not include “Incorporated,” “Inc.,” “Corporation,” “Corp.,” “P.C.,” “insurance company,” or “assurance company” (a “Non-Exempt Buyer”) shall deliver or cause to be delivered to Seller the following properly completed and duly executed documents: 

(i) in the case of a Non-Exempt Buyer that is not a United States person or is a
disregarded entity for U.S. federal income tax purposes owned by a person that is not a United States person, a complete and executed (x) U.S. Internal Revenue Service Form W-8BEN with Part II completed
in which such Buyer claims the benefits of a tax treaty with the United States providing for a zero or reduced rate of withholding (or any successor forms thereto), including all appropriate attachments or (y) a U.S. Internal Revenue Service
Form W-8ECI (or any successor forms thereto); or 
 (ii) in the case of a Non-Exempt Buyer that is an individual, (x) for non-United States persons, a complete and executed U.S. Internal Revenue Service Form
W-8BEN (or any successor forms thereto) and a certificate substantially in the form of Exhibit F (a “Tax Compliance Certificate”) or (y) for United States persons, a complete and
executed U.S. Internal Revenue Service Form W-9 (or any successor forms thereto); or 

(iii) in the case of a Non-Exempt Buyer that is organized under the laws of the United
States, any State thereof, or the District of Columbia and that is not a disregarded entity for U.S. federal income tax purposes owned by a person that is not a United States person, a complete and executed U.S. Internal Revenue Service Form W-9 (or any successor forms thereto); or 
 (iv) in the case of a Non-Exempt Buyer that (x) is not organized under the laws of the United States, any State thereof, or the District of Columbia and (y) is treated as a corporation for U.S. federal income tax purposes, a
complete and executed U.S. Internal Revenue Service Form W-8BEN (or any successor forms thereto) and a Tax Compliance Certificate; or 

(v) in the case of a Non-Exempt Buyer that (A) is treated as a partnership or
other non-corporate entity, and (B) is not organized under the laws of the United States, any State thereof, or the District of Columbia, (x)(i) a complete and executed U.S. Internal Revenue Service
Form W-8IMY (or any successor forms thereto) (including all required documents and attachments) and (ii) a Tax Compliance Certificate, and (y) in the case of a
non-withholding foreign partnership or trust, without duplication, with respect to each of its beneficial owners and the beneficial owners of such beneficial owners looking through chains of owners to
individuals or entities that are treated as corporations for U.S. federal income tax purposes (all such owners, “Beneficial Tax Owners”), the documents that would be provided by each such Beneficial Tax Owner if such Beneficial Tax
Owner were Buyer; or 

  
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 (vi) in the case of a Non-Exempt
Buyer that is disregarded for U.S. federal income tax purposes, the document that would be required by clause (i), (ii), (iii), (iv), (v), (vii) and/or this clause (vi) of this Section 7(e) with respect to its Beneficial Tax Owner if such
Beneficial Tax Owner were Buyer; or 
 (vii) in the case of a Non-Exempt Buyer that
(A) is not a United States person and (B) is acting in the capacity of an “intermediary” (as defined in U.S. Treasury Regulations), (x)(i) a U.S. Internal Revenue Service Form W-8IMY
(or any successor form thereto) (including all required documents and attachments) and (ii) a Tax Compliance Certificate, and (y) if the intermediary is a “non-qualified intermediary” (as
defined in U.S. Treasury Regulations), from each person upon whose behalf the “non-qualified intermediary” is acting the documents that would be required by clause (i), (ii), (iii), (iv), (v), (vi),
and/or this clause (vii) with respect to each such person if each such person were Buyer; and 
 (viii) if a payment
made to a Buyer under this Agreement or any other Program Documents would be subject to U.S. federal withholding Tax imposed by FATCA if such Buyer were to fail to comply with the applicable reporting requirements of FATCA (including those contained
in Section 1471(b) or 1472(b) of the Code, as applicable), such Buyer shall deliver to Seller at the time or times prescribed by law and at such time or times reasonably requested by Seller such documentation prescribed by applicable law
(including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by Seller as may be necessary for a Seller Party to comply with its obligations under FATCA or to determine the amount to
deduct and withhold from such payment. Solely for purposes of this clause (viii), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

If Buyer provides a form pursuant to Section 7(e)(i)(x) and the form provided by the Buyer at the time such Buyer first becomes a party
to this Agreement or, with respect to a grant of a participation, the effective date thereof, indicates a United States interest withholding tax rate under the tax treaty in excess of zero, withholding tax at such rate shall be treated as Taxes
other than “Non-Excluded Taxes” (“Excluded Taxes”) and shall not qualify as Non-Excluded Taxes unless and until such Buyer provides the
appropriate form certifying that a lesser rate applies, whereupon withholding tax at such lesser rate shall be considered Excluded Taxes solely for the periods governed by such form. If, however, on the date a Person becomes an assignee, successor
or participant to this Agreement, the Buyer transferor was entitled to indemnification or additional amounts under this Section 7, then the Buyer assignee, successor or participant shall be entitled to indemnification or additional amounts to
the extent that the Buyer transferor was entitled to such indemnification or additional amounts for Non-Excluded Taxes, and the Buyer assignee, successor or participant shall be entitled to additional
indemnification or additional amounts for any other or additional Non-Excluded Taxes. 

  
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 (f) For any period with respect to which a Buyer has failed to provide Seller with the
appropriate form, certificate or other document described in Section 7(e) (other than if such failure is due to a change in any Requirement of Law, or in the interpretation or application thereof, occurring after the date on which a form,
certificate or other document originally was required to be provided), such Buyer shall not be entitled to indemnification or additional amounts under subsection (a) or (c) of this Section 7 with respect to
Non-Excluded Taxes imposed by the United States by reason of such failure; provided, however, that should a Buyer become subject to Non-Excluded Taxes because of its
failure to deliver a form, certificate or other document required hereunder, Seller shall take such steps as such Buyer shall reasonably request, to assist such Buyer in recovering such Non-Excluded Taxes.

 (g) Without prejudice to the survival of any other agreement of any Seller Party hereunder, the agreements and obligations of each Seller
Party contained in this Section 7 shall survive the termination of this Agreement and the other Program Documents. Nothing contained in Section 6 or this Section 7 shall require Buyer to complete, execute or make available any of its
Tax returns or any other information that it deems to be confidential or proprietary, or whose completion, execution or submission would, in Buyer’s judgment, materially prejudice Buyer’s legal or commercial position. 

SECTION 8. SECURITY INTEREST; BUYER’S APPOINTMENT AS
ATTORNEY-IN-FACT 
 (a) Security Interest. On each
Purchase Date, Seller hereby sells, assigns and conveys all rights and interests in the Purchased Assets identified on the related Mortgage Loan Schedule and the Repurchase Assets related thereto. Although the parties intend that all Transactions
hereunder be sales and purchases and not loans (other than as set forth in Section 20 for U.S. tax purposes), in the event any such Transactions are deemed to be loans, and in any event Seller hereby pledges to Buyer as security for the
performance by Seller of its Obligations and hereby grants, assigns and pledges to Buyer a fully perfected first priority security interest in: 

(i) the Purchased Assets; 

(ii) the Records related to the Purchased Assets; 

(iii) the Program Documents (to the extent such Program Documents and Seller’s right thereunder relate to the Purchased
Assets); 
 (iv) any Property relating to any Purchased Asset or the related Mortgaged Property; 

(v) any Takeout Commitments relating to any Purchased Assets; 

(vi) any Closing Protection Letter, escrow letter or settlement agreement relating to any Purchased Asset; 

(vii) any Servicing Rights relating to any Purchased Asset; 

  
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 (viii) all insurance policies and insurance proceeds relating to any
Purchased Asset or the related Mortgaged Property, including but not limited to any payments or proceeds under any related primary insurance or hazard insurance; 

(ix) any Income relating to any Purchased Asset; 

(x) the Custodial Account; 

(xi) the Warehouse Accounts; 

(xii) the Operating Account; 

(xiii) any Hedge Agreements relating to any Purchased Asset; 

(xiv) any other contract rights, accounts (including any interest of Seller in escrow accounts) and any other payments, rights
to payment (including payments of interest or finance charges) and general intangibles to the extent that the foregoing relates to any Purchased Asset; 

(xv) any other assets relating to the Purchased Assets (including, without limitation, any other accounts) or any interest in
the Purchased Assets; 
 (xvi) accounts, chattel paper (including electronic chattel paper), goods (including inventory and
equipment and any accessions thereto), instruments (including promissory notes), documents, investment property, general intangibles (including payment intangibles and software) in each case related to the Purchased Assets; and 

(xvii) together with all accessions and additions thereto, substitutions and replacements therefor, and all products and
proceeds of the foregoing, in all instances, whether now owned or hereafter acquired, now existing or hereafter created and wherever located (collectively, the “Repurchase Assets”). 

(b) Servicing Rights. Seller acknowledges that it has sold the Purchased Assets to Buyer on a servicing released basis and it has no
rights to service the Purchased Assets. Without limiting the generality of the foregoing and in the event that Seller is deemed to retain any residual Servicing Rights, and for the avoidance of doubt, Seller grants, assigns and pledges to Buyer a
security interest in the Servicing Rights and proceeds related thereto and in all instances, whether now owned or hereafter acquired, now existing or hereafter created. The foregoing provision is intended to constitute a security agreement or other
arrangement or other credit enhancement related to the Agreement and Transactions hereunder as defined under Sections 101(47)(v) and 741(7)(xi) of the Bankruptcy Code. 

(c) Financing Statements. Seller hereby authorizes Buyer to file such financing statement or statements relating to the Repurchase
Assets and the Servicing Rights as Buyer, at its option, may deem appropriate. Seller shall pay the searching and filing costs for any financing statement or statements prepared or searched pursuant to this Agreement. 

  
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 (d) Buyer’s Appointment as Attorney in Fact. Seller agrees to execute a Power of
Attorney, the form of Exhibit E hereto (the “Power of Attorney”), to be delivered on the date hereof. 
 SECTION 9. PAYMENT,
TRANSFER; ACCOUNTS 
 (a) Payments and Transfers of Funds. Unless otherwise mutually agreed in writing, all transfers of funds to
be made by Seller hereunder shall be made in Dollars, in immediately available funds, without deduction, set off or counterclaim, to Buyer pursuant to the Wiring Instructions, on the date on which such payment shall become due. 

(b) Remittance of Purchase Price. On the Purchase Date for each Transaction, ownership of the Purchased Assets shall be transferred to
Buyer or its designee against the simultaneous transfer of the Purchase Price pursuant to Seller’s Wiring Instructions. With respect to the Purchased Assets being sold by Seller on a Purchase Date, Seller hereby sells, transfers, conveys and
assigns to Buyer or its designee without recourse, but subject to the terms of this Agreement, all the right, title and interest of Seller in and to the Purchased Assets together with all right, title and interest in and to the proceeds of any
related Repurchase Assets. 
 (c) Warehouse Accounts. Buyer or the Buyer’s designee shall maintain for Seller an inbound account
and a margin account (the “Warehouse Accounts”). The Warehouse Accounts shall be in the form of non-interest bearing book-entry accounts. Buyer shall have exclusive withdrawal rights from the
Warehouse Accounts. All amounts on deposit in the Warehouse Accounts shall be held as cash margin and collateral for all Obligations under this Agreement. Without limiting the generality of the foregoing, in the event that a Margin Call or other
Default exists, Buyer shall be entitled to use any or all of the amounts on deposit in any Warehouse Account to cure such circumstance or otherwise exercise remedies available to Buyer without prior notice to, or consent from, Seller.
Notwithstanding the foregoing, Seller acknowledges that (i) amounts in the Warehouse Accounts are not insured by the Federal Deposit Insurance Corporation, any governmental entity or otherwise and (ii) Buyer is not required to segregate
funds in the Warehouse Accounts from its own funds or from funds held for others. 
 (d) Operating Account. From time to time, Seller
may provide funds to Buyer for deposit to an interest bearing account (the “Operating Account”) in accordance with this Section 9. The Operating Account shall be a subaccount of an interest-bearing savings account (the
“Omnibus Account”) maintained by Buyer as agent for the benefit of Seller and other sellers of mortgage related assets with a bank determined by Buyer its sole discretion (the “Depository”). The Buyer shall have non-exclusive withdrawal rights from the Operating Account. Seller acknowledges that Buyer acts as Seller’s agent for the limited purpose of placing funds with the Depository, and that funds held by Buyer as
Seller’s agent are not a deposit account or other liability of Buyer. Buyer shall maintain records of Seller’s interest in the funds maintained in the Omnibus Account. Withdrawals may be paid by wire transfer or any other means chosen by
Buyer from time to time in its sole discretion. In addition, Seller hereby authorizes Buyer, in its sole discretion, to withdraw funds from the Operating Account and remit such funds to the RESI Operating Account for any purpose permitted under and
pursuant to the terms and conditions of the RESI Facility; provided that (i) there are sufficient funds in the Operating Account and a negative balance would not result therefrom; (ii) no Default or Event or Default shall have occurred or
result therefrom and (ii) after such withdrawal and unless otherwise approved by Buyer, amounts in the Operating Account are not less than the Minimum Balance Requirement. 

  
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 (e) Depository. Unless otherwise designated in writing by Buyer, the Depository shall
be UBS AG, Stamford Branch. Funds on deposit at the UBS AG, Stamford Branch are not insured by the Federal Deposit Insurance Corporation, Securities Investor Protection Corporation or any governmental agency of the United States, Switzerland or any
other jurisdiction. The Omnibus Account and Operating Account are obligations of the UBS AG, Stamford Branch only, and are not obligations of UBS AG generally or of any of its other affiliates. The payment of principal and interest on the Operating
Account at the UBS AG, Stamford Branch is subject to the creditworthiness of UBS AG. The Operating Account is not a deposit account or other liability of Buyer. In the unlikely event of the failure of the UBS AG, Stamford Branch, the Seller
acknowledges that it will be a general unsecured creditor of UBS AG. 
 (f) Buydown Amount. The Buydown Amount shall be held as
unsegregated cash margin and collateral for all Obligations under this Agreement. Without limiting the generality of the foregoing, in the event that a Margin Call or other Default exists, the Buyer shall be entitled to use any or all of the Buydown
Amount and to withdraw such amount from the Operating Account in Buyer’s sole discretion to cure such circumstance or otherwise exercise remedies available to the Buyer without prior notice to, or consent from, Seller. Regardless of whether a
Margin Call or other Default exists, Buyer also may withdraw interest paid to the Operating Account in its discretion from time to time, and without prior notice to or consent from the Seller, as a full or partial
off-set to Seller’s obligation hereunder to pay the Price Differential. Within two (2) Business Days’ receipt of written request from Seller, and provided no Margin Call or other Default exists,
Buyer shall withdraw any portion of such Buydown Amount from the Operating Account and remit such amount back to Seller. 
 (g) Operating
Account Interest. Subject to Section 9(h), the Buydown Amount will accrue interest at the Operating Account Rate; provided that in no event shall interest accrue on (i) the Buydown Amount if (x) on any day the Buydown Amount is
less than the Minimum Balance Requirement or (y) the average balance of funds in the Operating Account during any calendar month is less than the Minimum Balance Requirement and (ii) that portion of the Buydown Amount that is in excess of
the lesser of (a) the aggregate outstanding Purchase Price of all Transactions during any calendar month or (b) the Minimum Balance Requirement. Unless otherwise set forth in the Pricing Letter: 

(i) The Depository calculates interest accrual daily on the basis of funds credited to the Operating Account, but credits
interest monthly. As a result, interest will not begin to compound until credited in the month following its accrual. The Depository credits interest to the Operating Account in the month following its accrual on a schedule set by Depository from
time to time, which may result in a delay in interest crediting as late as the twentieth (20th) day of the calendar month. 

  
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 (ii) The Depository accrues interest on funds deposited to the Operating
Account beginning on the day on which such funds are received in the Operating Account, and through, but not including, the day on which funds are withdrawn from the Operating Account. 

(iii) Interest paid on funds in the Operating Account at the Operating Account Rate shall be credited to the Operating Account
unless otherwise withdrawn by Buyer at the direction of Seller as provided herein. 
 (h) Maintenance of Balances. If Seller shall
fail to maintain with Buyer during any calendar month deposits in the Operating Account in the average, after charges to compensate Buyer for services rendered to Seller, equal to at least the Minimum Balance Requirement, Seller shall pay to Buyer a
fee equal to the amount of such deficit multiplied by the Maintenance Fee Rate. 
 (i) Fees. Seller shall pay in immediately available
funds to Buyer all fees, including without limitation, the Warehouse Fees, as and when required hereunder. All such payments shall be made in Dollars, in immediately available funds, without deduction, set-off
or counterclaim, to Buyer at such account designated by Buyer. Without limiting the generality of the foregoing or any other provision of this Agreement, Buyer may withdraw and retain from the Warehouse Accounts and Operating Account any Warehouse
Fees due and owing to Buyer. 
 SECTION 10. REPRESENTATIONS 

Each Seller Party, jointly and severally, represents and warrants to Buyer that as of the Purchase Date for any Purchased Assets, as of the
date of this Agreement and any Transaction hereunder and at all times while the Program Documents are in full force and effect and/or any Transaction hereunder is outstanding: 

(a) Acting as Principal. Seller will engage in such Transactions as principal (or, if agreed in writing in advance of any Transaction by
the other party hereto, as agent for a disclosed principal). 
 (b) No Broker. Seller has not dealt with any broker, investment
banker, agent, or other person, except for Buyer, who may be entitled to any commission or compensation in connection with the sale of Purchased Assets pursuant to this Agreement. 

(c) Financial Statements. The Financial Reporting Party has heretofore furnished to Buyer a copy, certified by its president, chief
financial officer or other officer acceptable to Buyer, of its (a) Financial Statements for the Financial Reporting Party for the fiscal year ended the Annual Financial Statement Date, setting forth in each case in comparative form the figures
for the previous year, with an unqualified opinion thereon of an Approved CPA and (b) Financial Statements for the Financial Reporting Party for such monthly period(s), of the Financial Reporting Party up until Monthly Financial Statement Date,
setting forth in each case in comparative form the figures for the previous month and year-to-date. All such Financial Statements are complete and correct and fairly
present, in all material respects, the consolidated and consolidating financial condition of the Financial Reporting Party and the consolidated and consolidating results of its operations as at such dates and for such monthly periods, all in

  
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accordance with GAAP. Since the Annual Financial Statement Date, there has been no material adverse change in the consolidated business, operations or financial condition of the Financial
Reporting Party taken as a whole from that set forth in said Financial Statements nor is any Seller Party aware of any state of facts which (without notice or the lapse of time) would or could result in any such material adverse change or could have
a Material Adverse Effect. The Financial Reporting Party does not have, on the Annual Financial Statement Date, any liabilities, direct or indirect, fixed or contingent, matured or unmatured, known or unknown, or liabilities for taxes, long-term leases or unusual forward or long-term commitments not disclosed by, or reserved against in, said balance sheet and related statements, and at the present time there
are no material unrealized or anticipated losses from any loans, advances or other commitments of the Financial Reporting Party except as heretofore disclosed to Buyer in writing. 

(d) Organization, Etc. Each Seller Party is duly organized, validly existing and in good standing under the laws of the jurisdiction of
its organization. Each Seller Party (a) has all requisite corporate or other power, and has all governmental licenses, authorizations, consents and approvals necessary to own its assets and carry on its business as now being or as proposed to
be conducted, except where the lack of such licenses, authorizations, consents and approvals would not be reasonably likely to have a Material Adverse Effect; (b) is qualified to do business and is in good standing in all other jurisdictions in
which the nature of the business conducted by it makes such qualification necessary, except where failure so to qualify would not be reasonably likely (either individually or in the aggregate) to have a Material Adverse Effect; and (c) has full
power and authority to execute, deliver and perform its obligations under the Program Documents. 
 (e) Authorization, Compliance,
Approvals. The execution and delivery of, and the performance by each Seller Party of its obligations under, the Program Documents to which it is a party (a) are within Seller Party’s powers, (b) have been duly authorized by all
requisite action, (c) do not violate any provision of applicable law, rule or regulation, or any order, writ, injunction or decree of any court or other Governmental Authority, or its organizational documents, (d) do not violate any
indenture, agreement, document or instrument to which Seller Party or any of its Subsidiaries is a party, or by which any of them or any of their properties, any of the Repurchase Assets is bound or to which any of them is subject and (e) are
not in conflict with, do not result in a breach of, or constitute (with due notice or lapse of time or both) a default under, or except as may be provided by any Program Document, result in the creation or imposition of any Lien upon any of the
property or assets of Seller Party or any of its Subsidiaries pursuant to, any such indenture, agreement, document or instrument. Seller Party is not required to obtain any consent, approval or authorization from, or to file any declaration or
statement with, any Governmental Authority in connection with or as a condition to the consummation of the Transactions contemplated herein and the execution, delivery or performance of the Program Documents to which it is a party. 

(f) Litigation. There are no actions, suits, arbitrations, investigations (including, without limitation, any of the foregoing which are
pending or threatened) or, to the knowledge of the Seller, other legal or arbitrable proceedings affecting Seller Party or any of its Subsidiaries or affecting any of the Repurchase Assets or any of the other properties of Seller Party before any
Governmental Authority which (i) questions or challenges the validity or enforceability of the Program Documents or any action to be taken in connection with the 

  
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transactions contemplated hereby, (ii) except as disclosed to Buyer, makes a claim or claims in an aggregate amount greater than the Litigation Threshold, (iii) individually or in the
aggregate, if adversely determined, would be reasonably likely to have a Material Adverse Effect, (iv) requires filing with the SEC in accordance with its regulations or (v) relates to any violation of the Home Ownership and Equity
Protection Act or any state, city or district high cost home mortgage or predatory lending law. 
 (g) Purchased Assets. 

(i) Seller has not assigned, pledged, or otherwise conveyed or encumbered any Purchased Asset to any other Person, and
immediately prior to the sale of such Purchased Asset to Buyer, Seller was the sole owner of such Purchased Asset and had good and marketable title thereto, free and clear of all Liens, in each case except for Liens to be released simultaneously
with the sale to Buyer hereunder. 
 (ii) The provisions of this Agreement are effective to either constitute a sale of
Repurchase Assets to Buyer or to create in favor of Buyer a valid first priority security interest in all right, title and interest of Seller in, to and under the Repurchase Assets. 

(h) Proper Names; Chief Executive Office/Jurisdiction of Organization. Seller does not operate in any jurisdiction under a trade name,
division name or name other than those names previously disclosed in writing by Seller to Buyer. On the Effective Date, Seller’s chief executive office is, and has been, located as specified in Section 23 hereto. Seller’s jurisdiction
of organization, type of organization and organizational identification number is as set forth in the Pricing Letter. 
 (i) Location of
Books and Records. The location where Seller keeps its books and records, including all computer tapes, computer systems and storage media and records related to the Repurchase Assets is its chief executive office. 

(j) Enforceability. This Agreement and all of the other Program Documents executed and delivered by each Seller Party in connection
herewith are legal, valid and binding obligations of Seller Party and are enforceable against Seller Party in accordance with their terms except as such enforceability may be limited by (i) the effect of any applicable bankruptcy, insolvency,
reorganization, moratorium or similar Requirement of Law affecting creditors’ rights generally and (ii) general principles of equity. 

(k) Ability to Perform. Seller Party does not believe, nor does it have any reason or cause to believe, that it cannot perform each and
every covenant contained in the Program Documents to which it is a party on its part to be performed. 
 (l) No Default. No Default or
Event of Default has occurred and is continuing. 
 (m) No Adverse Selection. Seller has not selected the Purchased Assets in a manner
so as to adversely affect Buyer’s interests. 

  
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 (n) Scheduled Indebtedness. All Indebtedness which is presently in effect and/or
outstanding that has a maximum borrowing capacity in excess of $1,000,000 listed on Schedule 3 hereto (the “Scheduled Indebtedness”) and no defaults or events of default exist thereunder. The financial covenants hereunder are
at least equal to those Seller makes under each of its Scheduled Indebtedness. 
 (o) Accurate and Complete Disclosure. The
information, reports, Financial Statements, exhibits and schedules furnished in writing by or on behalf of each Seller Party to Buyer in connection with the negotiation, preparation or delivery of this Agreement or performance hereof and the other
Program Documents or included herein or therein or delivered pursuant hereto or thereto, when taken as a whole, do not contain any untrue statement of material fact or omit to state any material fact necessary to make the statements herein or
therein, in light of the circumstances under which they were made, not misleading. All written information furnished after the date hereof by or on behalf of each Seller Party to Buyer in connection with this Agreement and the other Program
Documents and the transactions contemplated hereby and thereby including without limitation, the information set forth in the related Mortgage Loan Schedule, will be true, complete and accurate in every material respect, or (in the case of
projections) based on reasonable estimates, on the date as of which such information is stated or certified. There is no fact known to Seller, after due inquiry, that could reasonably be expected to have a Material Adverse Effect that has not been
disclosed herein, in the other Program Documents or in a report, financial statement, exhibit, schedule, disclosure letter or other writing furnished to Buyer for use in connection with the transactions contemplated hereby or thereby. 

(p) Margin Regulations. The use of all funds acquired by Seller under this Agreement will not conflict with or contravene any of
Regulations T, U or X promulgated by the Board of Governors of the Federal Reserve System as the same may from time to time be amended, supplemented or otherwise modified. 

(q) Investment Company. Neither Seller Party nor any of its Subsidiaries is an “investment company” or a company
“controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 
 (r)
Solvency. As of the date hereof and immediately after giving effect to each Transaction, the fair value of the assets of Seller is greater than the fair value of the liabilities (including, without limitation, contingent liabilities if and to
the extent required to be recorded as a liability on the Financial Statements of Seller in accordance with GAAP) of Seller and Seller is solvent and, after giving effect to the transactions contemplated by this Agreement and the other Program
Documents, will not be rendered insolvent or left with an unreasonably small amount of capital with which to conduct its business and perform its obligations. Seller does not intend to incur, nor does it believe that it has incurred, debts beyond
its ability to pay such debts as they mature. Seller Party is not contemplating the commencement of an insolvency, bankruptcy, liquidation, or consolidation proceeding or the appointment of a receiver, liquidator, conservator, trustee, or similar
official in respect of itself or any of its property. 

  
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 (s) ERISA. From the fifth fiscal year preceding the current year through the
termination of this Agreement (the “Reporting Period”), with respect to any plan within the meaning of Section 3(3) of ERISA that is sponsored or maintained by Seller Party or any ERISA Affiliate, or to which Seller Party or
any ERISA Affiliate contributes or has contributed (each, a “Plan”), the benefits under which Plan are guaranteed, in whole or in part, by the PBGC (i) Seller Party and each ERISA Affiliate has funded and will continue to fund
each Plan as required by the provisions of Section 412 of the Code; (ii) Seller Party and each ERISA Affiliate has caused and will continue to cause (directly or indirectly) each Plan to pay all benefits when due; (iii) neither Seller
Party nor any ERISA Affiliate has been or is obligated to contribute to any multiemployer plan as defined in Section 3(37) of ERISA; (iv) Seller Party (on behalf of ERISA Affiliate, if applicable) will provide to Buyer (A) no later
than the date of submission to the PBGC, a copy of any notice of a Plan’s termination (B) no later than the date of submission to the Department of Labor or to the Internal Revenue Service, as the case may be, a copy of any request for
waiver from the funding standards or extension of the amortization periods required by Section 412 of the Code and (C) notice of any Reportable Event as such term is defined in ERISA (and has, prior to the date of this Agreement, provided
to Buyer a copy of any document described in clauses (iv)(A), (B) or (C) relating to any date in the Reporting Period prior to the date of this Agreement); and (v) Seller Party and each ERISA Affiliate will subscribe from the date of this
Agreement to the termination of this Agreement to any contingent liability insurance provided by the PBGC to protect against employer liability upon termination of a guaranteed pension plan, if available to Seller Party or ERISA Affiliate, as
applicable. 
 (t) Taxes. 

(i) Seller Party and its Subsidiaries have timely filed all income, franchise and other material Tax returns that are required
to be filed by them and have timely paid all Taxes due and payable by them or imposed with respect to any of their property and all other material fees and other charges imposed on them or any of their property by any Governmental Authority, except
for any such Taxes the amount or validity of which is currently being contested in good faith by appropriate proceedings diligently conducted and with respect to which adequate reserves have been provided in accordance with GAAP. 

(ii) There are no Liens for Taxes with respect to any assets of any Seller Party or its Subsidiaries, and no claim is being
asserted with respect to Taxes of any Seller Party or its Subsidiaries, except for statutory Liens for Taxes not yet due and payable or for Taxes the amount or validity of which is currently being contested in good faith by appropriate proceedings
diligently conducted and, in each case, with respect to which adequate reserves have been provided in accordance with GAAP. 

(iii) Seller is and has always been treated as a limited liability company for U.S. federal income tax purposes. 

(u) No Reliance. Seller Party has made its own independent decisions to enter into the Program Documents and each Transaction and as to
whether such Transaction is appropriate and proper for it based upon its own judgment and upon advice from such advisors (including without limitation, legal counsel and accountants) as it has deemed necessary. Seller Party is not relying upon any
advice from Buyer as to any aspect of the Transactions, including without limitation, the legal, accounting or tax treatment of such Transactions. 

  
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 (v) Plan Assets. Seller Party is not an employee benefit plan as defined in
Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Assets are not “plan assets” within the meaning of 29 CFR §2510.3-101, as
modified by Section 3(42) of ERISA, in Seller Party’s hands and transactions by or with Seller Party are not subject to any foreign state or local statute regulating investments of, or fiduciary obligations with respect to, governmental
plans within the meaning of Section 3(32) of ERISA or church plans within the meaning of Section 3(33) of ERISA. 
 (w) Agency
Approvals. To the extent previously approved, Seller is approved by Fannie Mae as an approved lender and Freddie Mac as an approved seller/servicer, and, to the extent necessary, approved by the Secretary of Housing and Urban Development
pursuant to Sections 203 and 211 of the National Housing Act. In each such case, Seller is in good standing, with no event having occurred or Seller having any reason whatsoever to believe or suspect will occur, including, without limitation, a
change in insurance coverage which would either make Seller unable to comply with the eligibility requirements for maintaining all such applicable approvals or require notification to the relevant Agency. Seller has adequate financial standing,
servicing facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same types as may from time to time constitute Mortgage Loans and in accordance with Accepted Servicing Practices. 

(x) Anti-Money Laundering Laws. Seller Party has complied with all applicable anti-money laundering laws and regulations, including without limitation the USA Patriot Act of 2001 (collectively, the “Anti-Money Laundering Laws”); Seller
Party has established an anti-money laundering compliance program as required by the Anti-Money Laundering Laws, has conducted the requisite due diligence in connection
with the origination of each Mortgage Loan for purposes of the Anti-Money Laundering Laws, including with respect to the legitimacy of the applicable Mortgagor and the origin of the assets used by the said
Mortgagor to purchase the property in question, and maintains, and will maintain, sufficient information to identify the applicable Mortgagor for purposes of the Anti-Money Laundering Laws. 

(y) No Sanctions. No Seller Party nor any of their Affiliates, officers, directors, partners or members, (i) is an entity or person
(or to the Seller’s knowledge, owned or controlled by an entity or person) that (A) is currently subject to any economic sanctions or trade embargoes administered or imposed by the Office of Foreign Assets Control of the U.S. Department of
the Treasury, the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury or any other relevant authority (collectively, “Sanctions”) or (B) resides, is organized or
chartered, or has a place of business in a country or territory that is currently the subject of Sanctions and (ii) will directly or indirectly use the proceeds of any Transactions contemplated hereunder, or lend, contribute or otherwise make
available such proceeds to or for the benefit of any person or entity, for the purpose of financing or supporting, directly or indirectly, the activities of any person or entity that is currently the subject of Sanctions. 

  
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 (z) Takeout Commitments. With respect to any Takeout Commitment with an Agency, if
applicable, (1) with respect to the wire transfer instructions as set forth in Freddie Mac Form 987 (Wire Transfer Authorization for a Cash Warehouse Delivery) such wire transfer instructions are identical to Buyer’s wire instructions or
the Buyer has approved such wire transfer instructions in writing in its sole discretion, or (2) the Payee Number set forth on Fannie Mae Form 1068 (Fixed-Rate, Graduated-Payment, or Growing-Equity Mortgage Loan Schedule) or Fannie Mae Form
1069 (Adjustable-Rate Mortgage Loan Schedule), as applicable, is identical to the Payee Number that has been identified by Buyer in writing as Buyer’s Payee Number or the Buyer has approved the related Payee Number in writing in its sole
discretion. With respect to any Takeout Commitment with an Agency for which the Agency is swapping the related Purchased Mortgage Loans for a mortgage backed security, the applicable Agency documents list Buyer or its designee as sole subscriber.

 SECTION 11. COVENANTS 
 Each Seller
Party, jointly and severally, covenants to Buyer that as of the Purchase Date for any Purchased Asset, as of the date of this Agreement and any Transaction hereunder and at all times while the Program Documents are in full force and effect and/or
any Transaction thereunder is outstanding, as follows: 
 (a) Preservation of Existence; Compliance with Law. Seller Party shall
(i) preserve and maintain its legal existence and all of its material rights, privileges, licenses and franchises necessary for the operation of its business; (ii) comply with any applicable Requirement of Law, rules, regulations and
orders, whether now in effect or hereafter enacted or promulgated by any applicable Governmental Authority (including, without limitation, all environmental laws); (iii) maintain all licenses, permits or other approvals necessary for Seller
Party to conduct its business and to perform its obligations under the Program Documents, and shall conduct its business strictly in accordance with any applicable Requirement of Law; and (iv) keep adequate records and books of account, in
which complete entries will be made in accordance with GAAP consistently applied. 
 (b) Taxes. 

(i) Seller Party and its Subsidiaries shall timely file all income, franchise and other material Tax returns that are required
to be filed by them and shall timely pay all Taxes due and payable by them or imposed with respect to any of their property and all other material fees and other charges imposed on them or any of their property by any Governmental Authority, except
for any such Taxes the amount or validity of which is currently being contested in good faith by appropriate proceedings diligently conducted and with respect to which adequate reserves have been provided in accordance with GAAP. 

(ii) Seller will be treated as a limited liability company for U.S. federal income tax purposes. 

  
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 (c) Notice of Proceedings or Adverse Change. Seller Party shall give notice to Buyer
or cause notice to be given to Buyer: 
 (i) immediately after a Responsible Officer of Seller Party has any knowledge of:

 (A) the occurrence of any Default or Event of Default; 

(B) any (a) default or event of default under any Indebtedness of Seller Party or (b) litigation, investigation,
regulatory action or proceeding that is pending or, to the knowledge of the Seller, threatened by or against Seller Party in any federal or state court or before any Governmental Authority which, if not cured or if adversely determined, would
reasonably be expected to have a Material Adverse Effect or constitute a Default or Event of Default, and (c) any Material Adverse Effect with respect to Seller Party; 

(C) any litigation or proceeding that is pending or, to the knowledge of the Seller, threatened (a) against Seller Party
in which the amount involved exceeds the Litigation Threshold and is not covered by insurance, in which injunctive or similar relief is sought, or which, would reasonably be expected to have a Material Adverse Effect, (b) in connection with any
of the Repurchase Assets, which, if adversely determined, would reasonably be expected to have a Material Adverse Effect and (c) that questions or challenges compliance of any Mortgage Loan with the Ability to Repay Rule or QM Rule; 

(D) as soon as reasonably possible, notice of any of the following events: (A) a change in the insurance coverage of
Seller Party, with a copy of evidence of same attached; (B) any material change in accounting policies or financial reporting practices of Seller Party; (C) promptly upon receipt of notice or knowledge of any Lien or security interest
(other than security interests created hereby or under any other Program Document) on, or claim asserted against, any of the Repurchase Assets; (D) the termination or nonrenewal of any debt facilities of Seller Party which have a maximum
principal amount (or equivalent) available of more than the Facility Termination Threshold; (E) any Change in Control or any change in direct or indirect ownership or controlling interest of any Seller Party’s direct or indirect owner; and
(F) any other event, circumstance or condition that has resulted, or has a possibility of resulting, in a Material Adverse Effect; and 

(ii) Promptly, but no later than two (2) Business Days after Seller receives notice of the same, (A) any Mortgage
Loan submitted for inclusion into an Agency Security and rejected by that Agency for inclusion in such Agency Security or (B) any Mortgage Loan submitted to an Approved Investor (whole loan or securitization) and rejected for purchase by such
Approved Investor; or (C) the termination or suspension of approval of Seller to sell any Mortgage Loans to any Approved Investor. 

(d) Financial Reporting. Seller Party shall maintain a system of accounting established and administered in accordance with GAAP
consistently applied, and furnish to Buyer, with a certification by the president or chief financial officer of the Financial Reporting Party (the following hereinafter referred to as the “Financial Statements”): 

  
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 (i) Within ninety (90) days after the close of each fiscal year,
audited consolidated and consolidating balance sheets and the related consolidated and consolidating statements of income and retained earnings and of cash flows as at the end of such year for the Financial Reporting Party for the fiscal year,
setting forth in each case in comparative form the figures for the previous year, with an unqualified opinion thereon of an Approved CPA; 

(ii) Reserved; 

(iii) Within thirty (30) days after the end of each month, the consolidated and consolidating balance sheets and the
related consolidated and consolidating statements of income, and as may be reasonably requested by Buyer, the statement of retained earnings and the statement of cash flows for the Financial Reporting Party for such monthly period(s), of the
Financial Reporting Party; 
 (iv) Simultaneously with the furnishing of each of the Financial Statements to be delivered
pursuant to subsections (i) and (iii) above, a certificate in the form of Exhibit A to the Pricing Letter and certified by the president or chief financial officer of the Financial Reporting Party, which includes detailed reporting to
the materials set forth therein including without limitation, any request for repurchase of or indemnification for a Mortgage Loan purchased by a third party investor and the valuation of Seller’s Capitalized Mortgage Servicing Rights by any
third-party evaluator; 
 (v) If applicable and at the request of Buyer, and provided such documents are not available on the
SEC’s EDGAR website, copies of any 10-Ks, 10-Qs, registration statements and other “corporate finance” SEC filings (other than 8-Ks) by Seller Party within five (5) Business Days of their filing with the SEC; provided, that, Seller Party or any Affiliate will provide Buyer with a copy of the annual
10-K filed with the SEC by Seller Party or its Affiliates, no later than 90 days after the end of the year unless otherwise agreed to by Buyer in its sole discretion; and 

(vi) Promptly, from time to time, such other information regarding the business affairs, operations and financial condition of
Seller Party as Buyer may reasonably request or as set forth in the certificate delivered pursuant to Section 11(d)(iv) above. 
 (e)
Further Assurances. Seller Party shall execute and deliver to Buyer all further documents, financing statements, agreements and instruments, and take all further actions that may be required under any applicable Requirement of Law, or that
Buyer may reasonably request, in order to effectuate the transactions contemplated by this Agreement and the Program Documents or, without limiting any of the foregoing, to grant, preserve, protect and perfect the validity and first-priority of the security interests created or intended to be created hereby. 
 (f) True and
Correct Information. All information, reports, exhibits, schedules, Financial Statements or certificates of Seller Party or any of its Affiliates thereof or any of their officers furnished to Buyer hereunder and during Buyer’s diligence of
Seller Party will be true and complete and will not omit to disclose any material facts necessary to make the statements herein or therein, in light of the circumstances in which they are made, not misleading. All required Financial Statements,
information and reports delivered by Seller Party to Buyer pursuant to this Agreement shall be prepared in accordance with GAAP, or as applicable, to SEC filings, the appropriate SEC accounting requirements. 

  
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 (g) ERISA Events. Seller Party shall not and shall not permit any ERISA Affiliate to
be in violation of any provision of Section 10(s) of this Agreement and Seller Party shall not be in violation of Section 10(v) of this Agreement. 

(h) Financial Condition Covenants. The applicable Seller Parties shall comply with the Financial Condition Covenants set forth in the
Pricing Letter. 
 (i) Hedging. Seller shall hedge all Purchased Assets in accordance with Seller’s hedging policies. Unless
otherwise requested by Buyer, Seller shall deliver to Buyer once per week, a hedging report, in a form reasonably satisfactory to Buyer. Seller shall (i) review the hedging policies periodically to confirm that they are being complied with in
all material respects and are adequate to meet Seller’s business objectives and (ii) in the event Seller makes any amendment or modification to the hedging policies, Seller shall within 10 days of such amendment or modification, deliver to
Buyer a complete copy of the amended or modified hedging policies. Additionally, Buyer may in its reasonable discretion request a current copy of Seller’s hedging policies at any time. 

(j) Servicer Approval. Seller shall not cause the Mortgage Loans to be serviced by any servicer other than a servicer expressly approved
in writing by Buyer, which approval shall be deemed granted by Buyer with respect to Seller with the execution of this Agreement. 
 (k)
Insurance. Seller shall maintain Fidelity Insurance and errors and omissions insurance in respect of its officers, employees and agents in such amounts acceptable to Buyer, which shall include a provision that such policies cannot be
terminated or materially modified without at least 30 days’ prior notice to Buyer. Seller shall notify Buyer of any material change in the terms of any such insurance. Seller shall maintain endorsements for theft of warehouse lender money and
collateral, naming Buyer as a loss payee under its Fidelity Insurance and as a direct loss payee/right of action under its errors and omissions insurance policy. 

(l) Books and Records. Seller shall, to the extent practicable, maintain and implement administrative and operating procedures
(including, without limitation, an ability to recreate records evidencing the Repurchase Assets in the event of the destruction of the originals thereof), and keep and maintain or obtain, as and when required, all documents, books, records and other
information reasonably necessary or advisable for the collection of all Repurchase Assets. 
 (m) Illegal Activities. Seller Party
shall not engage in any conduct or activity that could subject its assets to forfeiture or seizure. 
 (n) Material Change in
Business. Seller Party shall not make any material change in the nature of its business as carried on at the date hereof. 

  
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 (o) Limitation on Dividends and Distributions. Following the occurrence and during
the continuance of an Event of Default, Seller shall not make any payment on account of, or set apart assets for, a sinking or other analogous fund for the purchase, redemption, defeasance, retirement or other acquisition of any equity interest of
Seller, whether now or hereafter outstanding, or make any other distribution or dividend in respect of any of the foregoing or to any shareholder or equity owner of Seller, either directly or indirectly, whether in cash or property or in obligations
of Seller or any of Seller’s consolidated Subsidiaries. 
 (p) Scheduled Indebtedness. Without the prior written consent of Buyer
(which consent shall not be unreasonably withheld), Financial Reporting Party shall not incur any additional material Indebtedness (other than (i) the Scheduled Indebtedness listed under the definition thereof, (ii) usual and customary
accounts payable for a mortgage company) and (iii) a Warehouse Facility. 
 (q) Disposition of Assets; Liens. Seller shall not
create, incur, assume or suffer to exist any mortgage, pledge, Lien, charge or other encumbrance of any nature whatsoever on any of the Repurchase Assets, whether real, personal or mixed, now or hereafter owned, other than the Liens created in
connection with the transactions contemplated by this Agreement; nor shall Seller cause any of the Purchased Assets to be sold, pledged, assigned or transferred except as permitted hereunder. 

(r) Transactions with Affiliates. Seller Party shall not enter into any transaction, including, without limitation, the purchase, sale,
lease or exchange of property or assets or the rendering or accepting of any service with any Affiliate unless such transaction is (i) not otherwise prohibited in this Agreement, (ii) in the ordinary course of Seller Party’s business
and (iii) upon fair and reasonable terms no less favorable to Seller Party, as the case may be, than it would obtain in a comparable arm’s length transaction with a Person which is not an Affiliate. 

(s) Organization. Seller Party shall not (i) cause or permit any change to be made in its name, organizational identification
number, identity or corporate structure, each as described in Section 10(h) or (ii) change its jurisdiction of organization, unless it shall have provided Buyer thirty (30) days’ prior written notice of such change and shall have
first taken all action required by Buyer for the purpose of perfecting or protecting the lien and security interest of Buyer established hereunder. 

(t) Mortgage Loan Reports. Upon request of Buyer, Seller will furnish to Buyer monthly electronic Mortgage Loan performance data,
including, without limitation, a Mortgage Loan Schedule, delinquency reports, pool analytic reports and static pool reports (i.e., delinquency, foreclosure and net charge off reports) and monthly stratification reports summarizing the
characteristics of the Mortgage Loans. 
 (u) Confidentiality. Each Seller Party shall comply with all applicable local, state and
federal laws, including, without limitation, all privacy and data protection law, rules and regulations that are applicable to the Purchased Assets and/or any applicable terms of this Agreement (the “Confidential Information”).
Seller Party understands that the Confidential Information may contain “nonpublic personal information”, as that term is defined in Section 

  
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509(4) of the Gramm-Leach-Bliley Act (the “GLB Act”), and Seller Party agrees to maintain such nonpublic personal information that it receives hereunder in accordance with the
GLB Act and other applicable federal and state privacy laws. Seller Party shall implement such physical and other security measures as shall be necessary to (a) ensure the security and confidentiality of the “nonpublic personal
information” of the “customers” and “consumers” (as those terms are defined in the GLB Act) of Buyer or any Affiliate of Buyer which Buyer holds (b) protect against any threats or hazards to the security and integrity
of such nonpublic personal information, and (c) protect against any unauthorized access to or use of such nonpublic personal information. Seller Party shall, at a minimum establish and maintain such data security program as is necessary to meet
the objectives of the Interagency Guidelines Establishing Standards for Safeguarding Customer Information as set forth in the Code of Federal Regulations at 12 C.F.R. Parts 30, 208, 211, 225, 263, 308, 364, 568 and 570. Upon request, Seller Party
will provide evidence reasonably satisfactory to allow Buyer to confirm that Seller Party has satisfied its obligations as required under this Section 11. Without limitation, this may include Buyer’s review of audits, summaries of test
results, and other equivalent evaluations of Seller Party. Seller Party shall notify Buyer immediately following discovery of any breach or compromise of the security, confidentiality, or integrity of nonpublic personal information of the customers
and consumers of Buyer or any Affiliate of Buyer provided directly to Seller Party by Buyer or such Affiliate. Seller Party shall provide such notice to Buyer by personal delivery, by facsimile with confirmation of receipt, or by overnight courier
with confirmation of receipt to the applicable requesting individual. 
 (v) Approved Underwriting Guidelines. Seller shall not submit
to Buyer for purchase, and Buyer shall have no obligation to purchase, any Mortgage Loan underwritten in accordance with underwriting guidelines, including amendments to Approved Underwriting Guidelines not expressly approved by Buyer, other than
Approved Underwriting Guidelines. 
 (w) Agency Approvals; Servicing. To the extent previously approved, Seller shall maintain its
status with Fannie Mae and Ginnie Mae as an approved lender and Freddie Mac as an approved seller/servicer, in each case in good standing (each such approval, an “Agency Approval”). Should Seller, for any reason, cease to possess
all such applicable Agency Approvals to the extent necessary, should Seller experience any change in its delegated underwriting authority from any Agency, or should notification of an adverse occurrence to the relevant Agency or HUD, FHA, VA or RD
be required, Seller shall so notify Buyer immediately in writing. Notwithstanding the preceding sentence and to the extent previously approved, Seller shall take all necessary action to maintain all of its applicable Agency Approvals at all times
during the term of this Agreement and each outstanding Transaction. 
 (x) Sharing of Information. Upon prior notice to Seller Party
(provided that such prior notice shall not be required upon a Default or Event of Default), Seller Party hereby allows and consents to Buyer, subject to applicable law, exchanging information related to Seller Party, its credit, its mortgage loan
originations and the Transactions hereunder with third party lenders, facility providers and Approved Investors (collectively, “Third Party Participants”), and Seller Party shall permit each Third Party Participant to share such
similar information with Buyer; provided, in each case, such sharing shall be for the limited purpose of protecting the Buyer’s interests hereunder. 

  
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 (y) Status. Until such time Seller provides to Buyer written evidence, which shall be
satisfactory to Buyer in its sole discretion, that Seller has no similar provision as this Section 11(y) under any other Warehouse Facility, each Seller Party agrees that should any Seller Party or any Affiliate thereof enter into a Warehouse
Facility with any Person other than Buyer or an Affiliate of Buyer which by its terms provides more favorable terms to counterparty with respect to any guaranties or financial covenants, including without limitation covenants covering the same or
similar subject matter referred to in Section 11(h) hereof (a “More Favorable Agreement”), Seller shall immediately notify Buyer of such more favorable terms contained in such More Favorable Agreement, identifying such more
favorable terms with reasonable specificity. 
 (z) Takeout Payments. With respect to each Purchased Asset subject to a Takeout
Commitment, the Seller shall arrange that all payments under the related Takeout Commitment shall be paid directly to the Buyer pursuant to Section 3(e) hereof. 

(aa) Issuance of Agency Securities. If Purchased Mortgage Loans are pooled for the purpose of backing an Agency Security, Seller shall
promptly deliver to the applicable Agency any and all documents necessary to enable such Agency to make Delivery to Buyer or its designee of an Agency Security backed by the related Purchased Mortgage Loans. Seller shall not revoke such instructions
to an Agency. 
 (bb) QM/ATR Reporting. Seller shall deliver to Buyer, with reasonable promptness upon Buyer’s request, copies of
all documentation in connection with the underwriting and origination of any Purchased Mortgage Loan that evidences compliance with the Ability to Repay Rule and the QM Rule. 

(cc) Trade Assignment. Upon Custodian certifying a Purchased Mortgage Loan to an Agency for the issuance of an Agency Security backed by
such Purchased Mortgage Loan and which Buyer is purchasing such Agency Security hereunder, Seller shall deliver to Buyer a Trade Assignment executed by Seller with respect to such Agency Security. 

(dd) Use of Proceeds. Seller shall not use the proceeds of any Transaction hereunder to (i) pay any obligation of or amounts due to
any Affiliate of Buyer, (ii) purchase any assets from or any assets financed by any Affiliate of Buyer; or (iii) purchase any securities issued by any Affiliate of Buyer. 

SECTION 12. EVENTS OF DEFAULT 
 If any of
the following events (each an “Event of Default”) occur, Buyer shall have the rights set forth in Section 13, as applicable: 

(a) Payment Default. Seller Party shall default in the payment of (i) any amount payable by it hereunder or under any other
Program Document, (ii) Expenses (and such failure to pay Expenses shall continue for more than 30 calendar days) or (iii) any other Obligations, when the same shall become due and payable, whether at the due date thereof, or by
acceleration or otherwise; or 

  
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 (b) Representation and Warranty Breach. Any representation, warranty or certification
made or deemed made herein or in any other Program Document by a Seller Party or any certificate furnished to Buyer pursuant to the provisions hereof or thereof or any information with respect to the Mortgage Loans furnished in writing by or on
behalf of Seller Party shall prove to have been untrue or misleading in any material respect as of the time made or furnished (other than the representations and warranties set forth in Schedule 1, which shall be considered solely for the
purpose of determining the Market Value of the Purchased Assets; unless (i) Seller shall have made any such representations and warranties with actual knowledge that they were materially false or misleading at the time made; or (ii) any
such representations and warranties have been determined in good faith by Buyer in its sole discretion to be materially false or misleading on a regular basis); or 

(c) Immediate Covenant Default. The failure of a Seller Party to perform, comply with or observe any term, covenant or agreement
applicable to Seller contained in any of Sections 11(a) (Preservation of Existence; Compliance with Law); (f) (True and Correct Information); (g) (ERISA Events); (h) (Financial Condition
Covenants); (k) (Insurance); (m) (Illegal Activities.); (n) (Material Change in Business); (o) (Limitation on Dividends and Distributions); (q) (Disposition of Assets; Liens);
(r) (Transactions with Affiliates); (s) (Organization); (v) (Approved Underwriting Guidelines);(w) (Agency Approvals; Servicing); (z) (Takeout Payments) or (cc) (Trade
Assignment); or 
 (d) Additional Covenant Defaults. A Seller Party shall fail to observe or perform any other covenant or
agreement contained in this Agreement (and not identified in Section 12(c)) or any other Program Document, and if such default shall be capable of being remedied, and such failure to observe or perform shall continue unremedied for a period of
ten (10) Business Days; or 
 (e) Judgments. A judgment or judgments for the payment of money in excess of the Litigation
Threshold in the aggregate shall be rendered against a Seller Party or any of its Affiliates by one or more courts, administrative tribunals or other bodies having jurisdiction and the same shall not be satisfied, discharged (or provision shall not
be made for such discharge) or bonded, or a stay of execution thereof shall not be procured, within 30 days from the date of entry thereof, and Seller Party or any such Affiliate shall not, within said period of 30 days, or such longer period during
which execution of the same shall have been stayed or bonded, appeal therefrom and cause the execution thereof to be stayed during such appeal; or 

(f) Buyer Affiliate Cross-Default. Any “event of default” or any other default
which permits a demand for, or requires, the early repayment of obligations due by a Seller Party or its Affiliates under any agreement with Buyer or its Affiliates relating to any Indebtedness in excess of $1,000,000 of Seller Party or any
Affiliate, as applicable, or any default under any obligation when due with Buyer or its Affiliates; or 
 (g) Other Cross-Default. Any “event of default” or any other default which permits a demand for, or requires, the early repayment of obligations due by a Seller Party or its Affiliates under any note, indenture, loan
agreement, guaranty, swap agreement, Hedge Agreement or other Indebtedness in excess of $1,000,000 of Seller Party or any Affiliate; or 

  
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 (h) Insolvency Event. An Insolvency Event shall have occurred with respect to a
Seller Party or any Affiliate; or 
 (i) Enforceability. For any reason, this Agreement at any time shall not be in full force and
effect in all material respects or shall not be enforceable in all material respects in accordance with its terms, or any Lien granted pursuant thereto shall fail to be perfected and of first priority, or any Person (other than Buyer) shall contest
the validity, enforceability, perfection or priority of any Lien granted pursuant thereto, or any party thereto (other than Buyer) shall seek to disaffirm, terminate, limit or reduce its obligations hereunder; or 

(j) Liens. Any Seller Party shall grant, or suffer to exist, any Lien on any Repurchase Asset (except any Lien in favor of Buyer and
Permitted Encumbrances); or at least one of the following fails to be true (A) the Repurchase Assets shall have been sold to Buyer, or (B) the Liens contemplated hereby are first priority perfected Liens on any Repurchase Assets in favor
of Buyer; or 
 (k) Material Adverse Effect. A Material Adverse Effect shall occur as determined by Buyer in its sole good faith
discretion; or 
 (l) Change in Control. A Change in Control shall have occurred; or 

(m) Going Concern. Any Financial Reporting Party’s audited Financial Statements or notes thereto or other opinions or conclusions
stated therein shall be qualified or limited by reference to the status of Seller Party as a “going concern” or reference of similar import; or 

(n) Investigations. There shall occur the initiation of any investigation, audit, examination or review of a Seller Party by an Agency,
any Governmental Authority, any trade association or consumer advocacy group relating to the origination, sale or servicing of mortgage loans by such Seller Party or the business operations of such Seller Party is likely yo cause a Material Adverse
Effect, with the exception of normally scheduled audits or examinations by such Seller Party’s regulators; or 
 (o) Inability to
Perform. An officer of Seller shall admit its inability to, or its intention not to, perform any of Seller’s obligations; or 
 (p)
Governmental Action. Seller Party shall become the subject of a cease and desist order of the Appropriate Federal Banking Agency or any other Governmental Authority or enter into a memorandum of understanding or consent agreement with the
Appropriate Federal Banking Agency or other Governmental Authority, any of which, would have, or is purportedly the result of any condition which would be reasonably likely to have, a Material Adverse Effect; or 

  
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 SECTION 13. REMEDIES 

(a) If an Event of Default occurs, the following rights and remedies are available to Buyer; provided, that an Event of Default shall be deemed
to be continuing unless expressly waived by Buyer in writing. 
 (i) At the option of Buyer, exercised by written or
electronic notice to Seller (which option shall be deemed to have been exercised, even if no notice is given, immediately upon the occurrence of an Insolvency Event of a Seller Party or any Affiliate), the Repurchase Date for each Transaction
hereunder, if it has not already occurred, shall be deemed immediately to occur. 
 (ii) If Buyer exercises or is deemed to
have exercised the option referred to in subsection (a)(i) of this Section 13, 
 (A) Seller’s obligations in such
Transactions to repurchase all Purchased Assets, at the Repurchase Price therefor on the Repurchase Date determined in accordance with subsection (a)(i) of this Section 13, (1) shall thereupon become immediately due and payable and
(2) all Income paid after such exercise or deemed exercise shall be retained by Buyer and applied to the aggregate unpaid Repurchase Price and any other Obligations; 

(B) to the extent permitted by any applicable Requirement of Law, the Repurchase Price with respect to each such Transaction
shall be increased by the aggregate amount obtained by daily application of, on a 360 day per year basis for the actual number of days during the period from and including the date of the exercise or deemed exercise of such option to but excluding
the date of payment of the Repurchase Price as so increased, (x) the Post-Default Rate in effect following an Event of Default to (y) the Repurchase Price for such Transaction as of the Repurchase
Date as determined pursuant to subsection (a)(i) of this Section 13 (decreased as of any day by (i) any amounts applied by Buyer pursuant to clause (C) of this subsection, and (ii) any proceeds from the sale of Purchased Assets
applied to the Repurchase Price pursuant to subsection (a)(iv) of this Section 13; and 
 (C) all Income actually
received by Buyer pursuant to Section 5 shall be applied to the aggregate unpaid Obligations owed by Seller Parties. 

(iii) Upon the occurrence of one or more Events of Default, Buyer shall have the right to obtain (A) a physical transfer
of the servicing of the Purchased Assets in accordance with Section 15(c) and (B) physical possession of all files of Seller relating to the Purchased Assets and the Repurchase Assets and all documents relating to the Purchased Assets
which are then or may thereafter come in to the possession of Seller or any third party acting for Seller (including any Servicer) and Seller shall deliver to Buyer such assignments as Buyer shall request. Buyer shall be entitled to specific
performance of all agreements of Seller contained in the Program Documents. 

  
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 (iv) At any time on the Business Day following notice to Seller (which
notice need not be given if an Event of Default under Section 12(h) shall have occurred with respect to any Seller Party or any Affiliate thereof and may be the notice given under subsection (a)(i) of this Section 13), in the event Seller
has not repurchased all Purchased Assets, Buyer may (A) immediately sell, without demand or further notice of any kind, at a public or private sale, without any representations or warranties of Buyer and at such price or prices as Buyer may
deem satisfactory any or all Purchased Assets and the Repurchase Assets subject to a such Transactions hereunder and apply the proceeds thereof to the aggregate unpaid Repurchase Prices and any other amounts owing by Seller hereunder or (B) in
its sole discretion elect, in lieu of selling all or a portion of such Purchased Assets, to give Seller credit for such Purchased Assets and the Repurchase Assets in an amount equal to the Market Value of the Purchased Assets against the aggregate
unpaid Repurchase Price and any other Obligations of Seller. The proceeds of any disposition of Purchased Assets and the Repurchase Assets shall be applied to Seller’s Obligations as determined by Buyer in its sole discretion. 

(v) Seller shall be liable to Buyer for (A) the amount of all reasonable legal or other expenses (including, without
limitation, all costs and expenses of Buyer in connection with the enforcement of this Agreement or any other agreement evidencing a Transaction, whether in action, suit or litigation or bankruptcy, insolvency or other similar proceeding affecting
creditors’ rights generally, further including, without limitation, the reasonable fees and expenses of counsel (including the costs of internal counsel of Buyer) incurred in connection with or as a result of an Event of Default,
(B) damages in an amount equal to the cost (including all fees, expenses and commissions) of Buyer entering into replacement transactions and entering into or terminating hedge transactions in connection with or as a result of an Event of
Default, and (C) any other loss, damage, cost or expense directly arising or resulting from the occurrence of an Event of Default in respect of a Transaction. 

(vi) Buyer shall have, in addition to its rights hereunder, any rights otherwise available to it under any other agreement or
any applicable Requirement of Law. 
 (b) Buyer may exercise one or more of the remedies available hereunder immediately upon the occurrence
of an Event of Default and at any time thereafter without notice to Seller. All rights and remedies arising under this Agreement as amended from time to time hereunder are cumulative and not exclusive of any other rights or remedies which Buyer may
have. 
 (c) Seller recognizes that the market for the Purchased Assets may not be liquid and as a result it may not be possible for Buyer to
sell all of the Purchased Assets on a particular Business Day, or in a transaction with the same purchaser, or in the same manner. In view of the nature of the Purchased Assets, the Seller agrees that liquidation of any Purchased Asset may be
conducted in a private sale. Seller acknowledges and agrees that any such private sale may result in prices and other terms less favorable to Buyer than if such sale were a public sale, and notwithstanding such circumstances, agrees that any such
private sale shall be deemed to have been made in a commercially reasonable manner. Seller further agrees that it would not be commercially unreasonable for Buyer to dispose of any Purchased Asset by using internet sites that provide for the auction
or sale of assets similar to the Purchased Assets, or that have the reasonable capability of doing so, or that match buyers and sellers of assets. 

  
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 (d) Buyer may enforce its rights and remedies hereunder without prior judicial process or
hearing, and each Seller Party hereby expressly waives any defenses Seller Party might otherwise have to require Buyer to enforce its rights by judicial process. Seller Party also waives any defense (other than a defense of payment or performance)
Seller Party might otherwise have arising from the use of nonjudicial process, enforcement and sale of all or any portion of the Repurchase Assets, or from any other election of remedies. Seller Party recognizes that nonjudicial remedies are
consistent with the usages of the trade, are responsive to commercial necessity and are the result of a bargain at arm’s length. 
 (e)
To the extent permitted by any applicable Requirement of Law, Seller shall be liable to Buyer for interest (including post-petition interest) on any amounts owing by Seller hereunder, from the date Seller becomes liable for such amounts hereunder
until such amounts are (i) paid in full by Seller or (ii) satisfied in full by the exercise of Buyer’s rights hereunder. Interest on any sum payable by Seller to Buyer under this Section 13(e) shall be at a rate equal to the Post-Default Rate. 
 (f) Without limiting the rights of Buyer hereto to pursue all other legal and
equitable rights available to Buyer for Seller Party’s failure to perform its obligations under this Agreement, Seller Party acknowledges and agree that the remedy at law for any failure to perform obligations hereunder would be inadequate and
Buyer shall be entitled to specific performance, injunctive relief, or other equitable remedies in the event of any such failure. The availability of these remedies shall not prohibit Buyer from pursuing any other remedies for such breach, including
the recovery of monetary damages. 
 SECTION 14. INDEMNIFICATION AND EXPENSES; RECOURSE 

(a) Each Seller Party agrees to hold Buyer, and its Affiliates and their officers, directors, employees, agents and advisors (each an
“Indemnified Party”) harmless from and indemnify, on an after-Tax basis, any Indemnified Party against all liabilities, losses, damages, judgments, costs and expenses of any kind which may be
imposed on, incurred by or asserted against such Indemnified Party (collectively, “Costs”), relating to or arising out of this Agreement (including, without limitation, as a result of a breach of any representation or warranty
contained on Schedule 1), any other Program Document or any transaction contemplated hereby or thereby, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, any other Program
Document or any transaction contemplated hereby or thereby, that, in each case, results from anything other than the Indemnified Party’s gross negligence or willful misconduct. Without limiting the generality of the foregoing, each Seller Party
agrees to hold any Indemnified Party harmless from and indemnify such Indemnified Party, on an after-Tax basis, against all Costs and Taxes incurred or assessed as a result of or otherwise in connection with
the holding of the Mortgage Loans or Agency Securities or any failure by any Seller Party or Subsidiary thereof to pay when due any Taxes for which such Person is liable, that result from anything other than the Indemnified Party’s gross
negligence or willful misconduct. In any suit, proceeding or action brought by an Indemnified Party in connection with this Agreement, any Mortgage Loan or Agency Security 

  
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for any sum owing thereunder, or to enforce any provisions of any Mortgage Loan or Agency Security, Seller Party will save, indemnify on an after-Tax basis
and hold such Indemnified Party harmless from and against all expense, loss or damage suffered by reason of any defense, set off, counterclaim, recoupment or reduction or liability whatsoever of the account debtor or obligor thereunder, arising out
of a breach by Seller Party of any obligation thereunder or arising out of any other agreement, indebtedness or liability at any time owing to or in favor of such account debtor or obligor or its successors from Seller Party. Seller Party also
agrees to reimburse an Indemnified Party as and when billed by such Indemnified Party for all the Indemnified Party’s costs and expenses incurred in connection with the enforcement or the preservation of Buyer’s rights under this
Agreement, any other Program Document or any transaction contemplated hereby or thereby, including without limitation the reasonable fees and disbursements of its counsel. 

(b) Seller Party agrees to pay as and when billed by Buyer all of the
out-of-pocket costs and expenses incurred by Buyer in connection with the development, preparation and execution of, and any amendment, supplement or modification to,
this Agreement, any other Program Document or any other documents prepared in connection herewith or therewith. Seller Party agrees to pay as and when billed by Buyer all of the reasonable out-of-pocket costs and expenses incurred in connection with the consummation and administration of the transactions contemplated hereby and thereby including without limitation search and filing fees and all
the reasonable fees, disbursements and expenses of counsel to Buyer. Seller Party agrees to pay Buyer all the reasonable out of pocket due diligence, inspection, testing and review costs and expenses incurred by Buyer with respect to Mortgage Loans
submitted by Seller for purchase under this Agreement, including, but not limited to, those out of pocket costs and expenses incurred by Buyer pursuant to Sections 14(a) and 16 hereof. 

(c) The obligations of Seller Parties from time to time to pay the Repurchase Price, the Price Differential, the Obligations and all other
amounts due under this Agreement shall be full recourse obligations of each Seller Party. 
 SECTION 15. SERVICING 

(a) Seller shall service the Purchased Mortgage Loans as agent for Buyer and in accordance with prudent mortgage loan servicing standards and
procedures generally accepted in the mortgage banking industry and in accordance with all applicable requirements of the Agencies, Requirement of Law, the provisions of any applicable servicing agreement, and the requirements of any applicable
Takeout Commitment and the Approved Investor, so that the eligibility of the Mortgage Loan for purchase under such Takeout Commitment is not voided or reduced by such servicing and administration. 

(b) If any Mortgage Loan that is proposed to be sold on a Purchase Date is serviced by a servicer other than Seller (a
“Subservicer”), or if the servicing of any Mortgage Loan is to be transferred to a Subservicer, Seller shall provide a copy of the related servicing agreement and a Servicer Notice executed by such Subservicer (collectively, the
“Servicing Agreement”) to Buyer prior to such Purchase Date or servicing transfer date, as applicable. Each such Servicing Agreement shall be in form and substance acceptable to Buyer. In addition, Seller shall have obtained the
prior written consent of Buyer for such Subservicer to subservice the Mortgage Loans, which consent may be withheld in Buyer’s sole discretion. In no event shall Seller’s use of a Subservicer relieve Seller of its obligations hereunder,
and Seller shall remain liable under this Agreement as if Seller were servicing such Mortgage Loans directly. 

  
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 (c) Seller shall transfer actual servicing of each Purchased Mortgage Loan, together with
all of the related Records in its possession, to Buyer’s designee and designate Buyer’s designee as the servicer in the MERS System upon the earliest of (i) the occurrence of a Default or Event of Default hereunder, (ii) the
termination of Seller as interim servicer by Buyer pursuant to this Agreement, (iii) the expiration (and non-renewal) of the Servicing Term, or (iv) transfer of servicing to any entity approved by
Buyer and the assumption thereof by such entity. Buyer shall have the right to terminate Seller as interim servicer of any of the Purchased Mortgage Loans, which right shall be exercisable at any time in Buyer’s sole discretion, upon written
notice. Seller’s transfer of the Records and servicing under this Section 15 shall be in accordance with customary standards in the industry and such transfer shall include the transfer of the gross amount of all escrows held for the
related mortgagors (without reduction for unreimbursed advances or “negative escrows”). 
 (d) During the period Seller is
servicing the Purchased Mortgage Loans as agent for Buyer, Seller agrees that Buyer is the owner of the related Credit Files and Records and Seller shall at all times maintain and safeguard and cause the Subservicer to maintain and safeguard the
Credit File for the Purchased Mortgage Loans (including photocopies or images of the documents delivered to Buyer), and accurate and complete records of its servicing of the Purchased Mortgage Loan; Seller’s possession of the Credit Files and
Records being for the sole purpose of servicing such Purchased Mortgage Loan and such retention and possession by Seller being in a custodial capacity only. 

(e) At Buyer’s request, Seller shall promptly deliver to Buyer reports regarding the status of any Purchased Mortgage Loan being serviced
by Seller, which reports shall include, but shall not be limited to, a description of any default thereunder for more than thirty (30) days or such other circumstances that could cause a material adverse effect on such Purchased Mortgage Loan,
Buyer’s title to such Purchased Mortgage Loan or the collateral securing such Purchased Mortgage Loan; Seller may be required to deliver such reports until the repurchase of the Purchased Mortgage Loan by Seller. Seller shall immediately notify
Buyer if it becomes aware of any payment default that occurs under the Purchased Mortgage Loan or any default under any Servicing Agreement that would materially and adversely affect any Purchased Mortgage Loan subject thereto. 

(f) Seller shall release its custody of the contents of any Credit File or Mortgage File only (i) in accordance with the written
instructions of Buyer, (ii) upon the consent of Buyer when such release is required as incidental to Seller’s servicing of the Purchased Mortgage Loan, is required to complete the Takeout Commitment or comply with the Takeout Commitment
requirements, or (iii) as required by any applicable Requirement of Law. 

  
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 (g) Buyer reserves the right to appoint a successor servicer at any time to service any
Purchased Mortgage Loan (each a “Successor Servicer”) in its sole discretion. If Buyer elects to make such an appointment due to a Default or Event of Default, Seller shall be assessed all costs and expenses incurred by Buyer
associated with transferring the servicing of the Purchased Mortgage Loans to the Successor Servicer. In the event of such an appointment, Seller shall perform all acts and take all action so that any part of the Credit File and related Records held
by Seller, together with all funds in the Custodial Account and other receipts relating to such Purchased Mortgage Loan, are promptly delivered to Successor Servicer, and shall otherwise reasonably cooperate with Buyer in effectuating such transfer.
Seller shall have no claim for lost servicing income, lost profits or other damages if Buyer appoints a Successor Servicer hereunder and the servicing fee is reduced or eliminated. For the avoidance of doubt any termination of the Servicer’s
rights to service by the Buyer as a result of a Default or an Event of Default shall be deemed part of an exercise of the Buyer’s rights to cause the liquidation, termination or acceleration of this Agreement. 

(h) For the avoidance of doubt, Seller retains no economic rights to the servicing of the Purchased Mortgage Loans provided that Seller shall
continue to service the Purchased Mortgage Loans hereunder as part of its Obligations hereunder. As such, Seller expressly acknowledges that the Purchased Mortgage Loans are sold to Buyer on a “servicing released” basis. 

SECTION 16. DUE DILIGENCE 
 Each Seller
Party acknowledges that Buyer has the right to perform continuing due diligence reviews with respect to the Mortgage Loans, Seller Parties, Settlement Agents, Approved Investors and other parties which may be involved in or related to Transactions
(collectively, “Third Party Transaction Parties”), from time to time, for purposes of verifying compliance with the representations, warranties and specifications made hereunder, or otherwise, and the Seller Parties agree that upon
reasonable prior notice to the Seller Parties, unless an Event of Default shall have occurred, in which case no notice is required, Buyer or its authorized representatives will be permitted during normal business hours to examine, inspect, and make
copies and extracts of, the Mortgage Files and any and all documents, records, agreements, instruments or information relating to such Mortgage Loans in the possession or under the control of any Seller Party. The Seller Parties will use best
efforts to cause Third Party Transaction Parties to cooperate with any due diligence requests of Buyer. The Seller Parties shall also make available to Buyer a knowledgeable financial or accounting officer for the purpose of answering questions
respecting the Mortgage Files and the Mortgage Loans. Without limiting the generality of the foregoing, Seller acknowledges that Buyer may purchase Mortgage Loans from Seller based solely upon the information provided by Seller to Buyer in the
Mortgage Loan Schedule and the representations, warranties and covenants contained herein, and that Buyer, at its option, has the right at any time to conduct a partial or complete due diligence review on some or all of the Mortgage Loans purchased
in a Transaction, including, without limitation, ordering broker’s price opinions, new credit reports and new appraisals on the related Mortgaged Properties and otherwise re-generating the information
used to originate such Mortgage Loan. Buyer may underwrite such Mortgage Loans itself or engage a mutually agreed upon third party underwriter to perform such underwriting. Seller agrees to cooperate with Buyer and any third party underwriter in
connection with such underwriting, including, but not limited to, providing Buyer and any third party underwriter with access to any and all documents, records, agreements, instruments or information relating to such Mortgage Loans in the
possession, or under the control, of Seller. Each Seller Party further agrees that it shall pay all out-of-pocket costs and expenses incurred by Buyer in connection with
Buyer’s activities pursuant to this Section 16. 

  
 57 

 SECTION 17. ASSIGNABILITY 

The rights and obligations of the parties under this Agreement and under any Transaction shall not be assigned by any Seller Party without the
prior written consent of Buyer. Buyer may from time to time, without the consent of Seller, assign all or a portion of its rights and obligations under this Agreement and the Program Documents to any party, including, without limitation, any
affiliate of Buyer, pursuant to an executed assignment and acceptance by Buyer and assignee (“Assignment and Acceptance”), specifying the percentage or portion of such rights and obligations assigned and provided that all such
assignees shall be subject to the confidentiality provisions of this Agreement. Upon such assignment, (a) such assignee shall be a party hereto and to each Program Document to the extent of the percentage or portion set forth in the Assignment
and Acceptance, and shall succeed to the applicable rights and obligations of Buyer hereunder, and (b) Buyer shall, to the extent that such rights and obligations have been so assigned by it be released from its obligations hereunder and under
the Program Documents. Subject to the foregoing, this Agreement and any Transactions shall be binding upon and shall inure to the benefit of the parties and their respective successors and assigns. Nothing in this Agreement express or implied, shall
give to any Person, other than the parties to this Agreement and their successors hereunder, any benefit of any legal or equitable right, power, remedy or claim under this Agreement. Unless otherwise stated in the Assignment and Acceptance, Seller
shall continue to take directions solely from Buyer unless otherwise notified by Buyer in writing. Buyer may distribute to any prospective assignee any document or other information delivered to Buyer by Seller. 

Buyer may sell participations to one or more Persons in or to all or a portion of its rights and obligations under this Agreement; provided,
however, that (i) Buyer’s obligations under this Agreement shall remain unchanged, (ii) Buyer shall remain solely responsible to the other parties hereto for the performance of such obligations; and (iii) Seller shall continue to
deal solely and directly with Buyer in connection with Buyer’s rights and obligations under this Agreement and the other Program Documents except as provided in Section 7. 

Buyer may, in connection with any assignment or participation or proposed assignment or participation pursuant to this Section 17,
disclose to the assignee or participant or proposed assignee or participant, as the case may be, any information relating to Seller or any of its Subsidiaries or to any aspect of the Transactions that has been furnished to Buyer by or on behalf of
Seller or any of its Subsidiaries; provided that such assignee or participant agrees to hold such information subject to the confidentiality provisions of this Agreement. 

In the event Buyer assigns all or a portion of its rights and obligations under this Agreement, the parties hereto agree to negotiate in good
faith an amendment to this Agreement to add agency provisions similar to those included in agreements for similar syndicated repurchase facilities. 

  
 58 

 SECTION 18. TRANSFER AND MAINTENANCE OF REGISTER. 

(a) Subject to acceptance and recording thereof pursuant to Section 18(b), from and after the effective date specified in each Assignment
and Acceptance the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of Buyer under this Agreement. Any assignment or transfer by Buyer of
rights or obligations under this Agreement that does not comply with this Section 17 and Section 18 shall be treated for purposes of this Agreement as a sale by such Buyer of a participation in such rights and obligations in accordance
with Section 17 hereof. 
 (b) Buyer shall maintain, on Seller’s behalf, a register (the “Register”) on which it
will record each Assignment and Acceptance and participation. The Register shall include the names and addresses of Buyer (including all assignees, successors and participants) and the percentage or portion of such rights and obligations assigned.
Failure to make any such recordation, or any error in such recordation shall not affect Seller’s obligations in respect of such rights. 
 SECTION
19. HYPOTHECATION OR PLEDGE OF PURCHASED ASSETS 
 Title to all Purchased Assets and Repurchase Assets shall pass to Buyer and Buyer
shall have free and unrestricted use of all Purchased Assets. Nothing in this Agreement shall preclude Buyer from engaging in repurchase transactions with the Purchased Assets or otherwise pledging, repledging, transferring, hypothecating, or
rehypothecating the Purchased Assets to any Person, including without limitation, the Federal Home Loan Bank. Nothing contained in this Agreement shall obligate Buyer to segregate any Purchased Assets delivered to Buyer by Seller. 

SECTION 20. TAX TREATMENT 

Notwithstanding anything to the contrary in this Agreement or any other Program Documents, each party to this Agreement acknowledges that it is
its intent for U.S. federal, state and local income and franchise tax purposes to treat each Transaction as indebtedness of Seller that is secured by the Purchased Assets and the Purchased Assets as owned by Seller in the absence of a Default by
Seller. All parties to this Agreement agree to such treatment and agree to take no action inconsistent with this treatment, unless required by any Requirement of Law (in which case such party shall promptly notify the other party of such Requirement
of Law). 
 SECTION 21. SET-OFF 

In addition to any rights and remedies of Buyer hereunder and by law, Buyer shall have the right, without prior notice to any Seller Party, any
such notice being expressly waived by each Seller Party to the extent permitted by applicable law to set off and appropriate and apply against any Obligation from any Seller Party or any Affiliate thereof to Buyer or any of its Affiliates any and
all Property and deposits (general or special, time or demand, provisional or final), in any currency, and any other obligation (including to return excess margin), credits, indebtedness or claims or cash, in any currency, in each case whether
direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by or due from Buyer or any 

  
 59 

 
Affiliate thereof to or for the credit or the account of any Seller Party or any Affiliate thereof. Buyer may set-off cash, the proceeds of the liquidation
of any Repurchase Assets and all other sums or obligations owed by Buyer or its Affiliates to a Seller Party or its Affiliates against all of Seller Party’s or its Affiliate’s obligations to Buyer or its Affiliates, whether under this
Agreement or under any other agreement between the parties or between a Seller Party or its Affiliate and Buyer and any Affiliate of Buyer, or otherwise, whether or not such obligations are then due, without prejudice to Buyer’s or its
Affiliate’s right to recover any deficiency. Buyer agrees promptly to notify the Seller Parties after any such set-off and application made by Buyer; provided that the failure to give such notice shall
not affect the validity of such set-off and application. 
 Buyer shall at any time have the right,
in each case until such time as Buyer determines otherwise, to retain, to suspend payment or performance of, or to decline to remit, any amount or property that Buyer would otherwise be obligated to pay, remit or deliver to Seller hereunder if an
Event of Default or Default has occurred. 
 SECTION 22. TERMINABILITY 

Each representation and warranty made or deemed to be made by entering into a Transaction, herein or pursuant hereto shall survive the making
of such representation and warranty, and Buyer shall not be deemed to have waived any Default that may arise because any such representation or warranty shall have proved to be false or misleading, notwithstanding that Buyer may have had notice or
knowledge or reason to believe that such representation or warranty was false or misleading at the time the Transaction was made. Notwithstanding any such termination or the occurrence of an Event of Default, all of the representations and
warranties and covenants hereunder shall continue and survive. The obligations of each Seller Party under Section 14 hereof shall survive the termination of this Agreement. 

SECTION 23. NOTICES AND OTHER COMMUNICATIONS 

Except as otherwise expressly permitted by this Agreement, all notices, requests and other communications provided for herein (including
without limitation any modifications of, or waivers, requests or consents under, this Agreement) shall be given or made in writing (including without limitation by electronic transmission) delivered to the intended recipient at the addresses set
forth below. In all cases, to the extent that the related individual set forth in the respective “Attention” line is no longer employed by the respective Person, such notice may be given to the attention of a Responsible Officer of the
respective Person or to the attention of such individual or individuals as subsequently notified in writing by a Responsible Officer of the respective Person. Except as otherwise provided in this Agreement and except for notices given under
Section 3 (which shall be effective only on receipt), all such communications shall be deemed to have been duly given when transmitted electronically or personally delivered or, in the case of a mailed notice, upon receipt, in each case given
or addressed as aforesaid. 

  
 60 

 If to Seller: 

loanDepot.com, LLC 
 26642 Towne
Centre Drive 
 Foothill Ranch, CA 92610 

Attention: Jon Frojen, CFO 

Telephone: (949) 465-8490 

Facsimile: (949) 465-8490 

If to Buyer: 

UBS Bank USA 
 1285 Avenue of
the Americas 
 New York, NY 10019 

Attention: Gary Timmerman 

Telephone: (212) 649-8156 

Facsimile: (212) 713-9640 

Email: Gary.Timmerman@ubs.com 

With a copy to: 
 UBS Bank USA

 153 West 51st Street 

New York, NY 10019 
 Attention:
Chad Eisenberger 
 Telephone: (212) 821-4885 

Email: Chad.Eisenberger@ubs.com 

And: 
 OL-SMFG-Business@ubs.com 
 SECTION 24. USE OF THE WAREHOUSE ELECTRONIC SYSTEM AND OTHER ELECTRONIC MEDIA 

Seller acknowledges and agrees that Buyer may require or permit certain transactions with Buyer be conducted electronically using Electronic
Records and/or Electronic Signatures. Seller consents to the use of Electronic Records and/or Electronic Signatures whenever expressly required or permitted by Buyer and acknowledges and agrees that Seller shall be bound by its Electronic Signature
and by the terms, conditions, requirements, information and/or instructions contained in any such Electronic Records. 
 Seller agrees to
adopt as its Electronic Signature its user identification codes, passwords, personal identification numbers, access codes, a facsimile image of a written signature and/or other symbols or processes as provided or required by Buyer from time to time
(as a group, any subgroup thereof or individually, hereinafter referred to as Seller’s Electronic Signature). Seller acknowledges that Buyer will rely on any and all Electronic Records and on Seller’s Electronic Signature transmitted or
submitted to Buyer. 

  
 61 

 Buyer shall not be liable for the failure of either its or Seller’s internet service
provider, or any other telecommunications company, telephone company, satellite company or cable company to timely, properly and accurately transmit any Electronic Record or fax copy. 

Before engaging in Electronic Transactions with Seller, Buyer may provide Seller, or require Seller to create, user identification codes,
passwords, personal identification numbers and/or access codes, as applicable, to permit access to Buyer’s computer information processing system. Each Person permitted access to the Warehouse Electronic System must have a separate
identification code and password. Seller shall be fully responsible for protecting and safeguarding any and all user identification codes, passwords, personal identification numbers and access codes provided or required by Buyer. Seller shall adopt
and maintain security measures to prevent the loss, theft or unauthorized or improper disclosure or use of any and all user identification codes, passwords, personal identification numbers and/or access codes by Persons other than the individual
Person who is authorized to use such information. Seller shall notify Buyer immediately in the event (i) of any loss, theft or unauthorized disclosure or use of any of the user identification codes, passwords, personal identification numbers
and/or access codes or (ii) Seller has any reason to believe there has been a breach of security or that its access to Warehouse Electronic System is no longer secure for any reason. 

Seller understands and agrees that it shall be fully responsible for protecting and safeguarding its computer hardware and software from any
and all (a) computer “viruses,” “time bombs,” “trojan horses” or other harmful computer information, commands, codes or programs that may cause or facilitate the destruction, corruption, malfunction or
appropriation of, or damage or change to, any of Seller’s or Buyer’s computer information processing systems, including without limitation, all hardware, software, Electronic Records, information, data and/or codes and (b) computer
“worms,” “trap doors” or other harmful computer information, commands, codes or programs that enable unauthorized access to Seller’s and/or Buyer’s computer information processing systems, including without limitation,
all hardware, software, Electronic Records, information, data and/or codes. 
 Seller agrees that Buyer may, in its sole discretion and from
time to time, without limiting Seller’s liability set forth herein, establish minimum security standards that Seller must, at a minimum, comply with in an effort to (x) protect and safeguard any and all user identification codes,
passwords, personal identification numbers and/or access codes from loss, theft or unauthorized disclosure or use; and (y) prevent the infiltration and “infection” of Seller’s hardware and/or software by any and all computer
“viruses,” “time bombs,” “trojan horses,” “worms,” “trapdoors” or other harmful computer codes or programs. 

If Buyer, from time to time, establishes minimum security standards, Seller shall comply with such minimum security standards within the time
period established by Buyer. Buyer shall have the right to confirm Seller’s compliance with any such minimum security standards. Seller’s compliance with such minimum security standards shall not relieve Seller from any of its liability
set forth herein. 
 Whether or not Buyer establishes minimum security standards, Seller shall continue to be fully responsible for adopting
and maintaining security measures that are consistent with the risks associated with conducting electronic transactions with Buyer. Seller’s failure to adopt and maintain appropriate security measures or to comply with any minimum security
standards established by Buyer may result in, among other things, termination of Seller’s access to Buyer’s computer information processing systems. 

  
 62 

 Each Seller Party understands and agrees that certain elements or components of the
Warehouse Electronic System may be provided by third party vendors, and hereby holds Buyer harmless from any liabilities, losses, damages, judgments, costs and expenses of any kind which may be imposed on, incurred by or asserted against Seller
Party relating to or arising out of Seller’s use of the Warehouse Electronic System including without limitation, the use of any elements or components provided by third party vendors. 

SECTION 25. ENTIRE AGREEMENT; SEVERABILITY; SINGLE AGREEMENT 

This Agreement, together with the Program Documents, constitute the entire understanding between Buyer and Seller Parties with respect to the
subject matter they cover and shall supersede any existing agreements between the parties containing general terms and conditions for repurchase transactions involving Purchased Assets. By acceptance of this Agreement, Buyer and Seller Parties each
acknowledge that they have not made, and are not relying upon, any statements, representations, promises or undertakings not contained in this Agreement. 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. 

Buyer and Seller acknowledge that, and have entered hereinto and will enter into each Transaction hereunder in consideration of and in
reliance upon the fact that, all Transactions hereunder constitute a single business and contractual relationship and that each has been entered into in consideration of the other Transactions. Accordingly, each of Buyer and each Seller Party agrees
(i) to perform all of its obligations in respect of each Transaction hereunder, and that a default in the performance of any such obligations shall constitute a default by it in respect of all Transactions hereunder, (ii) that Buyer shall
be entitled to set off claims and apply property held by it in respect of any Transaction against obligations owing to it in respect of any other Transaction hereunder; (iii) that payments, deliveries, and other transfers made by either of them
in respect of any Transaction shall be deemed to have been made in consideration of payments, deliveries, and other transfers in respect of any other Transactions hereunder, and the obligations to make any such payments, deliveries, and other
transfers may be applied against each other and netted and (iv) to promptly provide notice to the other after any such set off or application. 

SECTION 26. GOVERNING LAW 
 THIS
AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES TO THIS AGREEMENT SHALL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES THEREOF. THE PARTIES 

  
 63 

 
HERETO INTEND THAT THE PROVISIONS OF SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW SHALL APPLY TO THIS AGREEMENT. NOTWITHSTANDING ANYTHING TO THE
CONTRARY, THE EFFECTIVENESS, VALIDITY AND ENFORCEABILITY OF ELECTRONIC CONTRACTS, OTHER RECORDS, ELECTRONIC RECORDS AND ELECTRONIC SIGNATURES USED IN CONNECTION WITH ANY ELECTRONIC TRANSACTION BETWEEN BUYER AND SELLER PARTY SHALL BE GOVERNED BY E-SIGN. 
 SECTION 27. SUBMISSION TO JURISDICTION; WAIVERS 

BUYER AND EACH SELLER PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY: 

(i) SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AND THE OTHER PROGRAM
DOCUMENTS, OR FOR RECOGNITION AND ENFORCEMENT OF ANY JUDGMENT IN RESPECT THEREOF, TO THE EXCLUSIVE GENERAL JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK, THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK,
AND APPELLATE COURTS FROM ANY THEREOF; 
 (ii) CONSENTS THAT ANY SUCH ACTION OR PROCEEDING MAY BE BROUGHT IN SUCH
COURTS AND, TO THE EXTENT PERMITTED BY LAW, WAIVES ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT OR THAT SUCH ACTION OR PROCEEDING WAS BROUGHT IN AN INCONVENIENT COURT AND AGREES NOT
TO PLEAD OR CLAIM THE SAME; 
 (iii) AGREES THAT SERVICE OF PROCESS IN ANY SUCH ACTION OR PROCEEDING MAY BE EFFECTED
BY MAILING A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL), POSTAGE PREPAID, TO ITS ADDRESS SET FORTH IN SECTION 23 HEREOF OR AT SUCH OTHER ADDRESS OF WHICH THE OTHER PARTY SHALL HAVE BEEN NOTIFIED;

 (iv) AGREES THAT NOTHING HEREIN SHALL AFFECT THE RIGHT TO EFFECT SERVICE OF PROCESS IN ANY OTHER MANNER PERMITTED
BY LAW OR SHALL LIMIT THE RIGHT TO SUE IN ANY OTHER JURISDICTION; AND 
 (v) HEREBY IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER PROGRAM DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 

  
 64 

 SECTION 28. NO WAIVERS, ETC. 

No failure on the part of Buyer to exercise and no delay in exercising, and no course of dealing with respect to, any right, power or privilege
under any Program Document shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege under any Program Document preclude any other or further exercise thereof or the exercise of any other right,
power or privilege. The remedies provided herein are cumulative and not exclusive of any remedies provided by law. An Event of Default shall be deemed to be continuing unless expressly waived by Buyer in writing. 

SECTION 29. NETTING 
 If Buyer and Seller
are “financial institutions” as now or hereinafter defined in Section 4402 of Title 12 of the United States Code (“Section 4402”) and any rules or regulations promulgated thereunder (a) all
amounts to be paid or advanced by one party to or on behalf of the other under this Agreement or any Transaction hereunder shall be deemed to be “payment obligations” and all amounts to be received by or on behalf of one party from the
other under this Agreement or any Transaction hereunder shall be deemed to be “payment entitlements” within the meaning of Section 4402, and this Agreement shall be deemed to be a “netting contract” as defined in
Section 4402; (b) the payment obligations and the payment entitlements of the parties hereto pursuant to this Agreement and any Transaction hereunder shall be netted as follows. In the event that either party (the “Defaulting
Party”) shall fail to honor any payment obligation under this Agreement or any Transaction hereunder, the other party (the “Nondefaulting Party”) shall be entitled to reduce the amount of any payment to be made by the
Nondefaulting Party to the Defaulting Party by the amount of the payment obligation that the Defaulting Party failed to honor. 
 SECTION 30.
CONFIDENTIALITY 
 Buyer and each Seller Party hereby acknowledge and agree that all written or
computer-readable information provided by one party to any other regarding the terms set forth in any of the Program Documents or the Transactions contemplated thereby (the “Confidential
Terms”) shall be kept confidential and shall not be divulged to any party without the prior written consent of such other party except to the extent that (i) it is necessary to do so in working with legal counsel, auditors, taxing
authorities or other governmental agencies or regulatory bodies or in order to comply with any applicable federal or state laws, (ii) any of the Confidential Terms are in the public domain other than due to a breach of this covenant,
(iii) in the event of an Event of Default Buyer determines such information to be necessary or desirable to disclose in connection with the marketing and sales of the Purchased Assets or otherwise to enforce or exercise Buyer’s rights
hereunder or (iv) by Buyer in connection with any marketing material undertaken by Buyer. 
 Notwithstanding the foregoing or anything
to the contrary contained herein or in any other Program Document, the parties hereto may disclose to any and all Persons, without limitation of any kind, the federal, state and local tax treatment of the Transactions, any fact relevant to
understanding the federal, state and local tax treatment of the Transactions, and all materials of any kind (including opinions or other tax analyses) relating to such federal, state and 

  
 65 

 
local tax treatment and that may be relevant to understanding such tax treatment; provided that no Seller Party or Subsidiary or Affiliate thereof may disclose the name of or identifying
information with respect to Buyer, its Affiliates or any other Indemnified Party, or any pricing terms (including, without limitation, the Pricing Rate, Warehouse Fees and, Purchase Price) or other nonpublic business or financial information
(including any sublimits and financial covenants) that is unrelated to the federal, state and local tax treatment of the Transactions and is not relevant to understanding the federal, state and local tax treatment of the Transactions, without the
prior written consent of Buyer. The provisions set forth in this Section 30 shall survive the termination of this Agreement. 
 SECTION 31. INTENT

 (a) The parties recognize that each Transaction is a “repurchase agreement” as that term is defined in Section 101 of
Title 11 of the Bankruptcy Code, as amended and a “securities contract” as that term is defined in Section 741 of Title 11 of the Bankruptcy Code, as amended and that all payments hereunder are deemed “margin payments” or
“settlement payments” as defined in Title 11 of the Bankruptcy Code and that the pledge of the Repurchase Assets constitutes “a security agreement or other arrangement or other credit enhancement” that is “related to”
the Agreement and Transactions hereunder within the meaning of Sections 101(38A)(A), 101(47)(A)(v) and 741(7)(A)(xi) of the Bankruptcy Code. The parties further recognize and intend that this Agreement is an agreement to provide financial
accommodations and is not subject to assumption pursuant to Bankruptcy Code Section 365(a). 
 (b) This Agreement is intended to be a
“repurchase agreement” and a “securities contract,” within the meaning of Section 555 and Section 559 under the Bankruptcy Code. It is understood that either party’s right to liquidate Purchased Assets delivered to
it in connection with Transactions hereunder or to exercise any other remedies pursuant to Section 13 hereof is a contractual right to liquidate such Transaction as described in Sections 555 and 559 of Title 11 of the Bankruptcy Code, as
amended; any payments or transfers of property made with respect to this Agreement or any Transaction to satisfy a Margin Deficit shall be considered a “margin payment” as such term is defined in Bankruptcy Code Section 741(5). 

(c) The parties hereby agree that any provisions hereof or in any other document, agreement or instrument that is related in any way to the
servicing of the Purchased Mortgage Loans shall be deemed “related to” this Agreement within the meaning of Sections 101(38A)(A) and 101(47)(A)(v) of the Bankruptcy Code and part of the “contract” as such term is used in
Section 741 of the Bankruptcy Code. 
 (d) The parties agree and acknowledge that if a party hereto is an “insured depository
institution,” as such term is defined in the Federal Deposit Insurance Act, as amended (“FDIA”), then each Transaction hereunder is a “qualified financial contract,” a “repurchase agreement” and a
“securities contract” as such terms are defined in FDIA and any rules, orders or policy statements thereunder. 

  
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 (e) It is understood that this Agreement constitutes a “netting contract” as
defined in and subject to Title IV of the Federal Deposit Insurance Corporation Improvement Act of 1991 (“FDICIA”) and each payment entitlement and payment obligation under any Transaction hereunder shall constitute a “covered
contractual payment entitlement” or “covered contractual payment obligation”, respectively, as defined in and subject to FDICIA (except insofar as one or both of the parties is not a “financial institution” as that term is
defined in FDICIA). 
 (f) Each party intends that this Agreement constitutes and shall be construed and interpreted as a “master
netting agreement” within the meaning of and as such terms are used in Section 561 of the Bankruptcy Code and each party agrees that this Agreement is intended to create mutuality of obligations among the parties, and as such, this
Agreement constitutes a contract which (i) is between all of the parties and (ii) places each party in the same right and capacity. 
 SECTION
32. DISCLOSURE RELATING TO CERTAIN FEDERAL PROTECTIONS 
 The parties acknowledge that they have been advised that (a) in the case
of Transactions in which one of the parties is a broker or dealer registered with the Securities and Exchange Commission (“SEC”) under Section 15 of the Securities Exchange Act of 1934 (“1934 Act”), the
Securities Investor Protection Corporation has taken the position that the provisions of the Securities Investor Protection Act of 1970 (“SIPA”) do not protect the other party with respect to any Transaction hereunder and
(b) in the case of Transactions in which one of the parties is a financial institution, funds held by the financial institution pursuant to a Transaction hereunder are not a deposit and therefore are not insured by the Federal Deposit Insurance
Corporation or the National Credit Union Share Insurance Fund, as applicable. 
 SECTION 33. CONFLICTS 

In the event of any conflict between the terms of this Agreement, any other Program Document and any Confirmation, the documents shall control
in the following order of priority: first, the terms of the Confirmation shall prevail, then the terms of this Agreement shall prevail, and then the terms of the other Program Document shall prevail. 

SECTION 34. MISCELLANEOUS 
 (a)
Counterparts. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument, and any of the parties hereto may execute this Agreement by signing any such counterpart.
Delivery of an executed counterpart of a signature page of this Agreement in Portable Document Format (PDF) or by facsimile shall be effective as delivery of a manually executed original counterpart of this Agreement. 

(b) Captions. The captions and headings appearing herein are for included solely for convenience of reference and are not intended to
affect the interpretation of any provision of this Agreement. 
 (c) Acknowledgment. Each Seller Party hereby acknowledges that
(i) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Program Documents; (ii) Buyer has no fiduciary relationship to Seller Party; and (iii) no joint venture exists between Buyer
and Seller Party. 

  
 67 

 (d) Documents Mutually Drafted. Seller Parties and Buyer agree that this Agreement
each other Program Document prepared in connection with the Transactions set forth herein have been mutually drafted and negotiated by each party, and consequently such documents shall not be construed against either party as the drafter thereof.

 (e) Amendments. This Agreement and each other Program Document may be amended from time to time, in writing and duly executed by
the parties hereto. 
 (f) Acknowledgement of Anti Predatory Lending Policies. Buyer has in place internal policies and procedures
that expressly prohibit its purchase of any High Cost Mortgage Loan. 
 (g) Authorizations. Any of the persons whose signatures and
titles appear on Schedule 2 are authorized, acting singly, to act for Seller Party, under this Agreement. 
 SECTION 35. GENERAL INTERPRETIVE
PRINCIPLES 
 For purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires:
(a) the terms defined in this Agreement have the meanings assigned to them in this Agreement and include the plural as well as the singular, and the use of any gender herein shall be deemed to include the other gender; (b) accounting terms
not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles; (c) references herein to “Articles”, “Sections”, “Subsections”, “Paragraphs”,
and other subdivisions without reference to a document are to designated Articles, Sections, Subsections, Paragraphs and other subdivisions of this Agreement; (d) a reference to a Subsection without further reference to a Section is a reference
to such Subsection as contained in the same Section in which the reference appears, and this rule shall also apply to Paragraphs and other subdivisions; (e) the words “herein”, “hereof”, “hereunder” and other words
of similar import refer to this Agreement as a whole and not to any particular provision; (f) the term “include” or “including” shall mean without limitation by reason of enumeration; (g) all times specified herein or
in any other Program Document (unless expressly specified otherwise) are local times in New York, New York unless otherwise stated; and (h) all references herein or in any Program Document to “good faith” means good faith as defined
in Section 1-201(19) of the UCC as in effect in the State of New York. 
 [THIS SPACE
INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF, the parties have entered into this Agreement as of the date set forth
above. 
  

			
	BUYER:
	
	UBS BANK USA
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  
 Signature Page to the
Master Repurchase Agreement 

 
			
	SELLER:
	
	LOANDEPOT.COM, LLC 
		
	By:	 	  

		 	Name:
		 	Title:

  
 Signature Page to the
Master Repurchase Agreement 

 SCHEDULE 1 

REPRESENTATIONS AND WARRANTIES 

Seller represents and warrants to Buyer, with respect to each Mortgage Loan, that as of the Purchase Date for the purchase of any Purchased
Mortgage Loans by Buyer from Seller and as of the date of this Agreement and any Transaction hereunder and at all times while the Program Documents and any Transaction hereunder is in full force and effect, that the following are true and correct.
For purposes of this Schedule 1 and the representations and warranties set forth herein, a breach of a representation or warranty shall be deemed to have been cured with respect to a Mortgage Loan if and when Seller has taken or caused to be
taken action such that the event, circumstance or condition that gave rise to such breach no longer adversely affects such Mortgage Loan. With respect to those representations and warranties which are made to the best of Seller’s knowledge, if
it is discovered by Seller or Buyer that the substance of such representation and warranty is inaccurate, notwithstanding Seller’s lack of knowledge with respect to the substance of such representation and warranty, such inaccuracy shall be
deemed a breach of the applicable representation and warranty. 
 (a) Mortgage Loans as Described. The information set forth in the
Mortgage Loan Schedule is complete, true and correct in all material respects. 
 (b) Payments Current. No payment required under the
Mortgage Loan is 30 days or more delinquent nor has any payment under the Mortgage Loan been 30 days or more delinquent at any time since the origination of the Mortgage Loan; and, if the Mortgage Loan is a
Co-op Loan, no foreclosure action or private or public sale under the Uniform Commercial Code has ever to the knowledge of Seller, been threatened or commenced with respect to the Co-op Loan.  
 (c) Origination Date. Unless otherwise approved by Buyer, the initial
Purchase Date is no more than (i) with respect to Mortgage Loans other than Correspondent Mortgage Loans in non-escrow states, thirty (30) days following the origination date of the Mortgage Note;
(ii) with respect to Mortgage Loans other than Correspondent Mortgage Loans in escrow states, forty-five (45) days following the origination date of the Mortgage Note and (iii) with respect to Correspondent Mortgage Loans, sixty
(60) days following the origination date of the Mortgage Note. 
 (d) Approved Underwriting Guidelines. The Mortgage Loan
satisfies the Approved Underwriting Guidelines. 
 (e) No Outstanding Charges. There are no defaults in complying with the terms of
the Mortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an
amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable. Seller has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the
Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the
day which precedes by one month the Due Date of the first installment of principal and interest. 

  
 Sch. 1-1 

 (f) Original Terms Unmodified. The terms of the Mortgage Note (and the Proprietary
Lease, the Assignment of Proprietary Lease and Stock Power with respect to each Co-op Loan) and Mortgage have not been impaired, waived, altered or modified in any respect, from the date of origination except
by a written instrument which has been recorded, if necessary to protect the interests of Buyer, and which has been delivered to the Custodian or to such other Person as Buyer shall designate in writing, and the terms of which are reflected in the
Mortgage Loan Schedule. The substance of any such waiver, alteration or modification has been approved by the issuer of any related PMI Policy and the title insurer, if any, to the extent required by the policy, and its terms are reflected on the
Mortgage Loan Schedule, if applicable. No Mortgagor has been released, in whole or in part, except in connection with an assumption agreement, approved by the issuer of any related PMI Policy and the issuer of the title insurer, to the extent
required by the policy, and which assumption agreement is part of the Mortgage File delivered to the Custodian or to such other Person as Buyer shall designate in writing and the terms of which are reflected in the Mortgage Loan Schedule. 

(g) No Defenses. The Mortgage Loan (and the Assignment of Proprietary Lease related to each
Co-op Loan) is not subject to any right of rescission, set-off, counterclaim or defense, including without limitation the defense of usury, nor will the operation of any
of the terms of the Mortgage Note or the Mortgage, or the exercise of any right thereunder, render either the Mortgage Note or the Mortgage unenforceable, in whole or in part, or subject to any right of rescission,
set-off, counterclaim or defense, including without limitation the defense of usury, and no such right of rescission, set-off, counterclaim or defense has been asserted
with respect thereto, and no Mortgagor was a debtor in any state or federal bankruptcy or insolvency proceeding at, or subsequent to, the time the Mortgage Loan was originated. 

(h) Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured
by a generally acceptable insurer against loss by fire, hazards of extended coverage and such other hazards as are provided for in the Fannie Mae guides or by Freddie Mac, as well as all additional requirements set forth in the Approved Underwriting
Guidelines. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration as in effect which
policy conforms to Fannie Mae and Freddie Mac, as well as all additional requirements set forth in the Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming Seller and its successors and assigns as
mortgagee, and all premiums thereon have been paid and such policies may not be reduced, terminated or cancelled without 30 days’ prior written notice to the mortgagee. The Mortgage obligates the Mortgagor thereunder to maintain the hazard
insurance policy at the Mortgagor’s cost and expense, and on the Mortgagor’s failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor’s cost and expense, and to seek reimbursement
therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a “master” or “blanket” hazard
insurance policy covering a condominium, or any hazard insurance policy covering the 

  
 Sch. 1-2 

 
common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect
and inure to the benefit of Buyer upon the consummation of the transactions contemplated by this Agreement. Seller has not engaged in, and has no knowledge of the Mortgagor’s or any servicer’s having engaged in, any act or omission which
would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of such policy, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation
or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by Seller. 

(i) Compliance with Applicable Laws. Any and all requirements of any federal, state or local law including, without limitation, usury, truth-in-lending, real estate settlement procedures, consumer credit protection, anti-predatory lending laws, laws covering fair housing, fair credit reporting, community
reinvestment, homeowners equity protection, equal credit opportunity, mortgage reform and disclosure laws or unfair and deceptive practices laws applicable to the Mortgage Loan have been complied with, the consummation of the transactions
contemplated hereby will not involve the violation of any such laws or regulations. Seller shall maintain in its possession, available for Buyer’s inspection, and shall deliver to Buyer upon demand, evidence of compliance with all requirements
set forth herein. 
 (j) No Satisfaction of Mortgage. The Mortgage has not been satisfied, canceled, subordinated or rescinded, in
whole or in part, and the Mortgaged Property has not been released from the lien of the Mortgage, in whole or in part, nor has any instrument been executed that would affect any such release, cancellation, subordination or rescission. Seller has not
waived the performance by the Mortgagor of any action, if the Mortgagor’s failure to perform such action would cause the Mortgage Loan to be in default, nor has Seller waived any default resulting from any action or inaction by the Mortgagor.

 (k) Location and Type of Mortgaged Property. The Mortgaged Property is a fee simple property located in the state identified in the
Mortgage Loan Schedule except that with respect to real property located in jurisdictions in which the use of leasehold estates for residential properties is a widely-accepted practice, the Mortgaged Property
may be a leasehold estate and consists of a single parcel of real property with a detached single family residence erected thereon, or a two- to four-family dwelling, or
an individual residential condominium or Co-op Unit in a low-rise or high-rise condominium or Co-op Project, or an individual
unit in a planned unit development and that no residence or dwelling is (i) a mobile home or (ii) a manufactured home, provided, however, that any condominium or Co-op Unit or planned unit
development shall not fall within any of the “Ineligible Projects” of part VIII, Section 102 of the Fannie Mae Selling Guide and shall conform with the Approved Underwriting Guidelines. The Mortgaged Property is not raw land. In the
case of any Mortgaged Properties that are manufactured homes (a “Manufactured Home Mortgage Loans”), (i) such Manufactured Home Mortgage Loan conforms with the applicable Fannie Mae or Freddie Mac requirements regarding
mortgage loans related to manufactured dwellings, (ii) the related manufactured dwelling is permanently affixed to the land, (iii) the related manufactured dwelling and the related land are subject to a Mortgage properly filed in the
appropriate public recording office and naming Seller as mortgagee, (iv) the applicable laws of the jurisdiction in which the related 

  
 Sch. 1-3 

 
Mortgaged Property is located will deem the manufactured dwelling located on such Mortgaged Property to be a part of the real property on which such dwelling is located, and (v) such
Manufactured Home Mortgage Loan is (x) a qualified mortgage under Section 860G(a)(3) of the Code and (y) secured by manufactured housing treated as a single family residence under Section 25(e)(10) of the Code. As of the date of
origination, no portion of the Mortgaged Property was used for commercial purposes, and since the date of origination, no portion of the Mortgaged Property has been used for commercial purposes; provided, that Mortgaged Properties which contain a
home office shall not be considered as being used for commercial purposes as long as the Mortgaged Property has not been altered for commercial purposes and is not storing any chemicals or raw materials other than those commonly used for homeowner
repair, maintenance and/or household purposes. 
 (l) Located in U.S. No collateral (including, without limitation, the related real
property and the dwellings thereon and otherwise) relating to such Mortgage Loan is located in any jurisdiction other than the United States of America or the District of Columbia. 

(m) Valid First Lien. Each Mortgage is a valid and subsisting first lien of record on a single parcel of real estate constituting the
Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions,
alterations and replacements made at any time, subject in all cases to the exceptions to title set forth in the title insurance policy with respect to the related Mortgage Loan, which exceptions are generally acceptable to prudent mortgage lending
companies, and such other exceptions to which similar properties are commonly subject and which do not individually, or in the aggregate, materially and adversely affect the benefits of the security intended to be provided by such Mortgage. The lien
of the Mortgage is subject only to: 
 (i) the lien of current real property taxes and assessments not yet due and payable.

 (ii) covenants, conditions and restrictions, rights of way, easements and other matters of the public record as of the
date of recording acceptable to prudent mortgage lending institutions generally and specifically referred to in the lender’s title insurance policy delivered to the originator of the Mortgage Loan and (a) specifically referred to or
otherwise considered in the appraisal made for the originator of the Mortgage Loan or (b) which do not adversely affect the Appraised Value of the Mortgaged Property set forth in such appraisal; and 

(iii) other matters to which like properties are commonly subject which do not materially interfere with the benefits of the
security intended to be provided by the Mortgage or the use, enjoyment, value or marketability of the related Mortgaged Property. 
 Any security agreement,
chattel mortgage or equivalent document related to and delivered in connection with the Mortgage Loan establishes and creates a valid, subsisting, enforceable and perfected first lien and first priority security interest on the property
described therein and Seller has full right to sell and assign the same to Buyer. The Mortgaged Property was not, as of the date of origination of the Mortgage Loan, subject to a mortgage, deed of trust, deed to secure debt or other security
instrument creating a lien subordinate to the lien of the Mortgage. 

  
 Sch. 1-4 

 (n) Validity of Mortgage Documents. The Mortgage Note and the Mortgage and any other
agreement executed and delivered by a Mortgagor in connection with a Mortgage Loan are genuine, and each is the legal, valid and binding obligation of the maker thereof enforceable in accordance with its terms. All parties to the Mortgage Note, the
Mortgage and any other such related agreement had legal capacity to enter into the Mortgage Loan and to execute and deliver the Mortgage Note, the Mortgage and any such agreement, and the Mortgage Note, the Mortgage and any other such related
agreement have been duly and properly executed by other such related parties. The documents, instruments and agreements submitted for loan underwriting were not falsified and contain no untrue statement of material fact or omit to state a material
fact required to be stated therein or necessary to make the information and statements therein not misleading. No fraud, error, omission, misrepresentation, negligence or similar occurrence with respect to a Mortgage Loan has taken place on the part
of any Person, including without limitation, the Mortgagor, any appraiser, any builder or developer, or any other party involved in the origination or servicing of the Mortgage Loan or in the application or any insurance in relation to such Mortgage
Loan. Seller has reviewed all of the documents constituting the Mortgage File and has made such inquiries as it deems necessary to make and confirm the accuracy of the representations set forth herein. 

(o) Full Disbursement of Proceeds. The Mortgage Loan has been closed and the proceeds of the Mortgage Loan have been fully disbursed and
there is no requirement for future advances thereunder, and any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of
any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were paid, and the Mortgagor is not entitled to any refund of any amounts paid or due
under the Mortgage Note or Mortgage. All points and fees related to each Mortgage Loan were disclosed in writing to the Mortgagor in accordance with applicable state and federal law and regulation. No Mortgagor was charged “points and
fees” (whether or not financed) in an amount that exceeds 3% of the total loan amount (or such other applicable limits for lower balance Mortgages) as specified under 12 CFR 1026.43(e)(3), and the points and fees were calculated using the
calculation required for qualified mortgages under 12 CFR 1026.32(b) to determine compliance with applicable requirements. 
 (p)
Ownership. Seller is the sole owner of record and holder of the Mortgage Loan and the indebtedness evidenced by each Mortgage Note and upon the sale of the Mortgage Loans to Buyer, Seller will retain the Mortgage Files or any part thereof
with respect thereto not delivered to the Custodian, Buyer or Buyer’s designee, in trust only for the purpose of servicing and supervising the servicing of each Mortgage Loan. The Mortgage Loan is not assigned or pledged, and Seller has good,
indefeasible and marketable title thereto, and has full right to transfer and sell the Mortgage Loan to Buyer free and clear of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest, and has full right and
authority subject to no interest or participation of, or agreement with, any other party, to sell and assign each Mortgage Loan (and with respect to any Co-op Loan, the sole owner of the related Assignment of
Proprietary Lease) pursuant to this Agreement and following the sale of each Mortgage Loan, Buyer will own such Mortgage Loan free and clear of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest. Seller
intends to relinquish all rights to possess, control and monitor the Mortgage Loan. 

  
 Sch. 1-5 

 (q) Doing Business. All parties which have had any interest in the Mortgage Loan,
whether as mortgagee, assignee, pledgee or otherwise, are (or, during the period in which they held and disposed of such interest, were) (1) in compliance with any and all applicable licensing requirements of the laws of the state wherein the
Mortgaged Property is located, and (2) either (i) organized under the laws of such state, or (ii) qualified to do business in such state, or (iii) a federal savings and loan association, a savings bank or a national bank having a
principal office in such state, or (3) not doing business in such state. 
 (r) LTV, PMI Policy. No Conforming Mortgage Loan has
an LTV greater than 100%. The LTV of the Conforming Mortgage Loan either is not more than 80% or the excess over 75% of the Appraised Value is and will be insured as to payment defaults by a PMI Policy until the LTV of such Conforming Mortgage Loan
is reduced to 80%. All provisions of such PMI Policy have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid. No action, inaction, or event has occurred and no state of facts
exists that has, or will result in the exclusion from, denial of, or defense to coverage. Any Conforming Mortgage Loan subject to a PMI Policy obligates the Mortgagor thereunder to maintain the PMI Policy and to pay all premiums and charges in
connection therewith. The Mortgage Interest Rate for the Conforming Mortgage Loan as set forth on the Mortgage Loan Schedule is net of any such insurance premium. The LTV of any HARP Mortgage Loan is no greater than 105% if such Mortgage Loan is
(i) a fixed-rate Mortgage Loan with a term in excess of 30 years, or (ii) an adjustable-rate Mortgage Loan with an initial fixed period greater than or equal to five years, unless otherwise approved by Buyer in its sole discretion. 

(s) Title Insurance. The Mortgage Loan is covered by an ALTA lender’s title insurance policy, or with respect to any Mortgage Loan
for which the related Mortgaged Property is located in California a CLTA lender’s title insurance policy, or other generally acceptable form of policy or insurance acceptable to Fannie Mae or Freddie Mac and each such title insurance policy is
issued by a title insurer acceptable to Fannie Mae or Freddie Mac and qualified to do business in the jurisdiction where the Mortgaged Property is located, insuring Seller, its successors and assigns, as to the first priority lien of the Mortgage in
the original principal amount of the Mortgage Loan, subject only to the exceptions contained in clauses (i), (ii) and (iii) of paragraph (m) of this Schedule 1, and in the case of adjustable rate Mortgage Loans, against any loss by
reason of the invalidity or unenforceability of the lien resulting from the provisions of the Mortgage providing for adjustment to the Mortgage Interest Rate and Monthly Payment. Where required by state law or regulation, the Mortgagor has been
given the opportunity to choose the carrier of the required mortgage title insurance. Additionally, such lender’s title insurance policy affirmatively insures ingress and egress, and against encroachments by or upon the Mortgaged Property or
any interest therein. The title policy does not contain any special exceptions (other than the standard exclusions) for zoning and uses and has been marked to delete the standard survey exception or to replace the standard survey exception with a
specific survey reading. Seller, its successors and assigns, are the sole insureds of such lender’s title insurance policy, and such lender’s title insurance policy is valid and remains in full force and effect and will be in force and
effect upon the consummation of the 

  
 Sch. 1-6 

 
transactions contemplated by this Agreement. No claims have been made under such lender’s title insurance policy, and no prior holder of the related Mortgage, including Seller, has done, by
act or omission, anything which would impair the coverage of such lender’s title insurance policy, including without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be
received, retained or realized by any attorney, firm or other Person or entity, and no such unlawful items have been received, retained or realized by Seller. 

(t) No Defaults. Other than payments due but not yet 30 days or more delinquent, there is no default, breach, violation or event which
would permit acceleration existing under the Mortgage or the Mortgage Note and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event which would
permit acceleration, and neither Seller nor any of its affiliates nor any of their respective predecessors, have waived any default, breach, violation or event which would permit acceleration; and with respect to each
Co-op Loan, there is no default in complying with the terms of the Mortgage Note, the Assignment of Proprietary Lease and the Proprietary Lease and all maintenance charges and assessments (including
assessments payable in the future installments, which previously became due and owing) have been paid, and Seller has the right under the terms of the Mortgage Note, Assignment of Proprietary Lease and Recognition Agreement to pay any maintenance
charges or assessments owed by the Mortgagor. 
 (u) No Mechanics’ Liens. There are no mechanics’ or similar liens or claims
which have been filed for work, labor or material (and no rights are outstanding that under law could give rise to such liens) affecting the related Mortgaged Property which are or may be liens prior to, or equal or coordinate with, the lien of the
related Mortgage. 
 (v) Location of Improvements; No Encroachments. All improvements which were considered in determining the
Appraised Value of the Mortgaged Property lay wholly within the boundaries and building restriction lines of the Mortgaged Property, and no improvements on adjoining properties encroach upon the Mortgaged Property. No improvement located on or being
part of the Mortgaged Property is in violation of any applicable zoning law or regulation. 
 (w) Origination; Payment Terms. Except
with respect to a Correspondent Mortgage Loan, the Mortgage Loan was originated by Seller. Seller is a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing Act, a savings and
loan association, a savings bank, a commercial bank, credit union, insurance company or other similar institution which is supervised and examined by a federal or state authority. The documents, instruments and agreements submitted for loan
underwriting were not falsified and contain no untrue statement of material fact or omit to state a material fact required to be stated therein or necessary to make the information and statements therein not misleading. No Mortgage Loan contains
terms or provisions which would result in negative amortization. Principal payments on the Mortgage Loan commenced no more than sixty days after funds were disbursed in connection with the Mortgage Loan. The mortgage interest rate as well as the
lifetime rate cap and the periodic cap are as set forth on the Mortgage Loan Schedule. The Mortgage Note is payable in equal monthly installments of principal and interest, which installments of interest, with respect to adjustable rate Mortgage
Loans, are 

  
 Sch. 1-7 

 
subject to change due to the adjustments to the mortgage interest rate on each interest rate adjustment date, with interest calculated and payable in arrears, sufficient to amortize the Mortgage
Loan fully by the stated maturity date, over an original term of not more than thirty years from commencement of amortization. Unless otherwise specified, the Mortgage Loan is payable on the first day of each month. There are no Mortgage Loans which
contain a provision allowing the Mortgagor to convert the Mortgage Note from an adjustable interest rate Mortgage Note to a fixed interest rate Mortgage Note. 

(x) Customary Provisions. The Mortgage contains customary and enforceable provisions such as to render the rights and remedies of the
holder thereof adequate for the realization against the Mortgaged Property of the benefits of the security provided thereby, including, (i) in the case of a Mortgage designated as a deed of trust, by trustee’s sale, and (ii) otherwise
by judicial foreclosure. Upon default by a Mortgagor on a Mortgage Loan and foreclosure on, or trustee’s sale of, the Mortgaged Property pursuant to the proper procedures, the holder of the Mortgage Loan will be able to deliver good and
merchantable title to the Mortgaged Property. There is no homestead or other exemption or other right available to the Mortgagor or any other person, or restriction on Seller or any other person, including without limitation, any federal, state or
local, law, ordinance, decree, regulation, guidance, attorney general action, or other pronouncement, whether temporary or permanent in nature, that would interfere with, restrict or delay, either (y) the ability of Seller, Buyer or any
servicer or any successor servicer to sell the related Mortgaged Property at a trustee’s sale or otherwise, or (z) the ability of Seller, Buyer or any servicer or any successor servicer to foreclose on the related Mortgage. 

(y) Conformance with Agency and Approved Underwriting Guidelines. The Mortgage Loan was underwritten in accordance with the Approved
Underwriting Guidelines (a copy of which has been delivered to Buyer). The Mortgage Note and Mortgage are on forms acceptable to Freddie Mac, Fannie Mae or FHA, as applicable, and Seller has not made any representations to a Mortgagor that are
inconsistent with the mortgage instruments used. The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective quantitative principles which relate the Mortgagor’s credit characteristics, income, assets
and liabilities (as applicable to a particular underwriting program) to the proposed payment, and such underwriting methodology does not rely on the extent of the Mortgagor’s equity in the collateral as the principal determining factor in
approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan. 

(z) Occupancy of the Mortgaged Property. The Mortgaged Property is lawfully occupied under applicable law. All inspections, licenses and
certificates required to be made or issued with respect to all occupied portions of the Mortgaged Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting
certificates, have been made or obtained from the appropriate authorities. 
 (aa) No Additional Collateral. The Mortgage Note is not
and has not been secured by any collateral except the lien of the corresponding Mortgage and the security interest of any applicable security agreement or chattel mortgage referred to in clause (j) above. 

  
 Sch. 1-8 

 (bb) Deeds of Trust. In the event the Mortgage constitutes a deed of trust, a
trustee, authorized and duly qualified under applicable law to serve as such, has been properly designated and currently so serves and is named in the Mortgage, and no fees or expenses are or will become payable by Buyer to the trustee under the
deed of trust, except in connection with a trustee’s sale after default by the Mortgagor. 
 (cc) Acceptable Investment. There
are no circumstances or conditions with respect to the Mortgage, the Mortgaged Property, the Mortgagor, the Mortgage File or the Mortgagor’s credit standing that can reasonably be expected to cause private institutional investors to regard the
Mortgage Loan as an unacceptable investment, cause the Mortgage Loan to become delinquent, or adversely affect the value or marketability of the Mortgage Loan, or cause the Mortgage Loans to prepay during any period materially faster or slower than
the mortgage loans originated by Seller generally. 
 (dd) Delivery of Mortgage Documents. The Mortgage Note, the Mortgage, the
Assignment of Mortgage and any other documents required to be delivered under the Custodial Agreement for each Mortgage Loan have been delivered to the Custodian. Seller is in possession of a complete, true and accurate Mortgage File, except for
such documents the originals of which have been delivered to the Custodian. 
 (ee) Condominiums/Planned Unit Developments. If the
Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project is (i) acceptable to Fannie Mae or Freddie Mac or (ii) located
in a condominium or planned unit development project which has received project approval from Fannie Mae or Freddie Mac. The representations and warranties required by Fannie Mae with respect to such condominium or planned unit development have been
satisfied and remain true and correct. 
 (ff) Transfer of Mortgage Loans. The Assignment of Mortgage with respect to each Mortgage
Loan is in recordable form and is acceptable for recording under the laws of the jurisdiction in which the Mortgaged Property is located. The transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by Seller are not subject to
the bulk transfer or similar statutory provisions in effect in any applicable jurisdiction. 
 (gg) Due-On-Sale. The Mortgage contains an enforceable provision for the acceleration of the payment of the unpaid principal balance of the Mortgage Loan in the event that
the Mortgaged Property is sold or transferred without the prior written consent of the mortgagee thereunder, and to the best of Seller’s knowledge, such provision is enforceable. 

(hh) Assumability. No Mortgage Loan is assumable. 

(ii) No Buydown Provisions; No Graduated Payments or Contingent Interests. The Mortgage Loan does not contain provisions pursuant to
which Monthly Payments are paid or partially paid with funds deposited in any separate account established by Seller, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other
similar provisions which may constitute a “buydown” provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature. 

  
 Sch. 1-9 

 (jj) Consolidation of Future Advances. Any future advances made to the Mortgagor
prior to the Purchase Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage
securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the mortgagee’s consolidated interest or by other title evidence acceptable to
Fannie Mae and Freddie Mac and/or FHA, as applicable. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan. 

(kk) Mortgaged Property Undamaged; No Condemnation Proceedings. There is no proceeding pending or, to the knowledge of the Seller,
threatened for the total or partial condemnation of the Mortgaged Property. The Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the
Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended and each Mortgaged Property is in good repair. 

(ll) Collection Practices; Escrow Deposits; Interest Rate Adjustments. The origination, servicing and collection practices used by
Seller with respect to the Mortgage Loan have been in all respects in compliance with Accepted Servicing Practices, applicable laws and regulations, and have been in all respects legal and proper and prudent in the mortgage origination and servicing
business. With respect to escrow deposits and Escrow Payments, all such payments are in the possession of, or under the control of, Seller and there exist no deficiencies in connection therewith for which customary arrangements for repayment thereof
have not been made. All Escrow Payments have been collected in full compliance with state and federal law and the provisions of the related Mortgage Note and Mortgage. An escrow of funds is not prohibited by applicable law and has been established
in an amount sufficient to pay for every item that remains unpaid and has been assessed but is not yet due and payable. No escrow deposits or Escrow Payments or other charges or payments due Seller have been capitalized under the Mortgage or the
Mortgage Note. All mortgage interest rate adjustments have been made in strict compliance with state and federal law and the terms of the related Mortgage and Mortgage Note on the related interest rate adjustment date. If, pursuant to the terms of
the Mortgage Note, another index was selected for determining the mortgage interest rate, the same index was used with respect to each Mortgage Note which required a new index to be selected, and such selection did not conflict with the terms of the
related Mortgage Note. Seller executed and delivered any and all notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the mortgage interest rate and the Monthly Payment adjustments. Any interest
required to be paid pursuant to state, federal and local law has been properly paid and credited. 
 (mm) No Violation of Environmental
Laws. The Mortgaged Property is free from any and all toxic or hazardous substances and there exists no violation of any local, state or federal environmental law, rule or regulation. There is no pending action or proceeding directly involving
the Mortgaged Property in which compliance with any environmental law, rule or regulation is an issue; there is no violation of any environmental law, rule or regulation with respect to the Mortgaged Property; and nothing further remains to be done
to satisfy in full all requirements of each such law, rule or regulation constituting a prerequisite to use and enjoyment of said property. 

  
 Sch. 1-10 

 (nn) Servicemembers Civil Relief Act of 2003. The Mortgagor has not notified Seller,
and Seller has no knowledge of any relief requested or allowed to the Mortgagor under the Servicemembers Civil Relief Act of 2003. 
 (oo)
Appraisal. The Mortgage File contains an appraisal of the related Mortgaged Property signed prior to the approval of the Mortgage Loan application by a qualified appraiser, duly appointed by Seller, who had no interest, direct or indirect in
the Mortgaged Property or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, and the appraisal and appraiser both satisfy the requirements of Fannie Mae, Freddie Mac
or FHA and Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated, or with respect to a HARP Mortgage Loan, a
duly executed property inspection waiver, fieldwork waiver, or other such similar document as required by the applicable Agency. 
 (pp)
Disclosure Materials. The Mortgagor has executed a statement to the effect that the Mortgagor has received all disclosure materials required by, and Seller has complied with, all applicable law with respect to the making of the Mortgage
Loans. Seller shall maintain such statement in the Mortgage File. 
 (qq) Construction or Rehabilitation of Mortgaged Property. Unless
otherwise approved by Buyer in writing and other than with respect to FHA 203k and 203b Mortgage Loans, no Mortgage Loan was made in connection with the construction or rehabilitation of a Mortgaged Property or facilitating the trade-in or exchange of a Mortgaged Property. 
 (rr) Value of Mortgaged Property. Seller has no
knowledge of any circumstances existing that could reasonably be expected to adversely affect the value or the marketability of any Mortgaged Property or Mortgage Loan or to cause the Mortgage Loans to prepay during any period materially faster or
slower than similar mortgage loans held by Seller generally secured by properties in the same geographic area as the related Mortgaged Property. 

(ss) No Defense to Insurance Coverage. Seller has caused or will cause to be performed any and all acts required to preserve the rights
and remedies of Buyer in any insurance policies applicable to the Mortgage Loans including, without limitation, any necessary notifications of insurers, assignments of policies or interests therein, and establishments of coinsured, joint loss payee
and mortgagee rights in favor of Buyer. No action has been taken or failed to be taken, no event has occurred and no state of facts exists or has existed on or prior to the Purchase Date (whether or not known to Seller on or prior to such date)
which has resulted or will result in an exclusion from, denial of, or defense to coverage under any applicable, special hazard insurance policy, or applicable PMI Policy or bankruptcy bond (including, without limitation, any exclusions, denials or
defenses which would limit or reduce the availability of the timely payment of the full amount of the loss otherwise due thereunder to the insured) whether 

  
 Sch. 1-11 

 
arising out of actions, representations, errors, omissions, negligence, or fraud of Seller, the related Mortgagor or any party involved in the application for such coverage, including the
appraisal, plans and specifications and other exhibits or documents submitted therewith to the insurer under such insurance policy, or for any other reason under such coverage, but not including the failure of such insurer to pay by reason of such
insurer’s breach of such insurance policy or such insurer’s financial inability to pay. 
 (tt) Escrow Analysis. With
respect to each Mortgage, Seller has within the last twelve months (unless such Mortgage was originated within such twelve month period) analyzed the required Escrow Payments for each Mortgage and adjusted the amount of such payments so that,
assuming all required payments are timely made, any deficiency will be eliminated on or before the first anniversary of such analysis, or any overage will be refunded to the Mortgagor, in accordance with Real Estate Settlement Procedures Act and any
other applicable law. 
 (uu) Prior Servicing. Each Mortgage Loan has been serviced in all material respects in strict compliance with
Accepted Servicing Practices. 
 (vv) Credit Information. As to each consumer report (as defined in the Fair Credit Reporting Act,
Public Law 91-508) or other credit information furnished by Seller to Buyer, that Seller has full right and authority and is not precluded by law or contract from furnishing such information to Buyer and Buyer
is not precluded from furnishing the same to any subsequent or prospective purchaser of such Mortgage. Seller shall hold Buyer harmless from any and all damages, losses, costs and expenses (including attorney’s fees) arising from disclosure of
credit information in connection with Buyer’s secondary marketing operations and the purchase and sale of mortgages or Servicing Rights thereto. 

(ww) Leaseholds. If the Mortgage Loan is secured by a long-term residential lease, (1) the
lessor under the lease holds a fee simple interest in the land; (2) the terms of such lease expressly permit the mortgaging of the leasehold estate, the assignment of the lease without the lessor’s consent and the acquisition by the holder
of the Mortgage of the rights of the lessee upon foreclosure or assignment in lieu of foreclosure or provide the holder of the Mortgage with substantially similar protections; (3) the terms of such lease do not (A) allow the termination
thereof upon the lessee’s default without the holder of the Mortgage being entitled to receive written notice of, and opportunity to cure, such default, (B) allow the termination of the lease in the event of damage or destruction as long
as the Mortgage is in existence, (C) prohibit the holder of the Mortgage from being insured (or receiving proceeds of insurance) under the hazard insurance policy or policies relating to the Mortgaged Property or (D) permit any increase in
rent other than pre-established increases set forth in the lease; (4) the original term of such lease is not less than 15 years; (5) the term of such lease does not terminate earlier than five years
after the maturity date of the Mortgage Note; and (6) the Mortgaged Property is located in a jurisdiction in which the use of leasehold estates in transferring ownership in residential properties is a widely accepted practice. 

(xx) Prepayment Penalty. No Mortgage Loan is subject to a prepayment penalty such that an amount in excess of the unpaid principal
balance is due by the Mortgagor if Mortgagor prepays the Mortgage Loan prior to the maturity date of such Mortgage Loan. 

  
 Sch. 1-12 

 (yy) Predatory Lending Regulations; High Cost Loans. No Mortgage Loan (i) is
classified as High Cost Mortgage Loans or (ii) is subject to Section 226.32 of Regulation Z or any similar state law (relating to high interest rate credit/lending transactions). No Mortgagor was encouraged or required to select a Mortgage
Loan product offered by Seller or the originator which is a higher cost product designed for less creditworthy borrowers, unless at the time of the Mortgage Loan’s origination, such Mortgagor did not qualify taking into account credit history
and debt to income ratios for a lower cost credit product then offered by Seller or originator. If, at the time of loan application, the Mortgagor qualified for a lower cost credit product then offered by Seller or the originator’s standard
mortgage channel (if applicable), Seller or the originator directed the Mortgagor towards such standard mortgage channel, or offered such lower-cost credit product to the Mortgagor. 

(zz) Ohio Stated Income Exclusion. Each Mortgage Loan with an origination date on or after January 1, 2007 which is secured by
Mortgaged Property located in Ohio was originated pursuant to a program which requires verification of the borrower’s income in accordance with “Full and Alternative Documentation” programs as described within the Approved
Underwriting Guidelines. 
 (aaa) Origination. No predatory or deceptive lending practices, including, without limitation, the
extension of credit without regard to the ability of the Mortgagor to repay and the extension of credit which has no apparent benefit to the Mortgagor, were employed in the origination of the Mortgage Loan. 

(bbb) Single-premium Credit or Life Insurance Policy. In connection with the origination
of any Mortgage Loan, no proceeds from any Mortgage Loan were used to purchase any single premium credit insurance policy (e.g., life, mortgage, disability, accident, unemployment, or health insurance product) or debt cancellation agreement as a
condition of obtaining the extension of credit. No Mortgagor obtained a prepaid single-premium credit insurance policy (e.g., life, mortgage, disability, accident, unemployment, or health insurance product) or
debt cancellation agreement in connection with the origination of the Mortgage Loan; No proceeds from any Mortgage Loan were used to purchase single premium credit insurance policies (e.g., life, mortgage, disability, accident, unemployment, or
health insurance product) or debt cancellation agreements as part of the origination of, or as a condition to closing, such Mortgage Loan. 

(ccc) Tax Service Contract; Flood Certification Contract. Each Mortgage Loan is covered by a paid in full, life of loan, tax service
contract and a paid in full, life of loan, flood certification contract and each of these contracts is assignable to Buyer. 
 (ddd)
Qualified Mortgage. Each Mortgage Loan satisfies the following criteria: (i) such Mortgage Loan is a Qualified Mortgage; (ii) prior to the origination of such Mortgage Loan, the related originator made a reasonable and good faith
determination that the related Mortgagor would have a reasonable ability to repay such Mortgage Loan according to its terms, in accordance with, at a minimum, the eight underwriting factors set forth in 12 CFR 1026.43(c)(2); and (iii) such
Mortgage Loan is supported by documentation that evidences compliance with the Ability to Repay Rule and the QM Rule. 

  
 Sch. 1-13 

 (eee) Ability to Repay Determination. There is no action, suit or proceeding
instituted by or against or, to the knowledge of the Seller, threatened against Seller in any federal or state court or before any commission or other regulatory body (federal, state or local, foreign or domestic) that questions or challenges the
compliance of such Mortgage Loan (or the related underwriting) with the Ability to Repay Rule or the QM Rule. 
 (fff) Regarding the
Mortgagor. The Mortgagor is one or more natural persons and/or trustees for an Illinois land trust or a trustee under a “living trust” and such “living trust” is in compliance with Fannie Mae guidelines for such trusts. 

(ggg) Recordation. Each original Mortgage was recorded and, except for those Mortgage Loans subject to the MERS identification system,
all subsequent assignments of the original Mortgage (other than the assignment to Buyer) have been recorded in the appropriate jurisdictions wherein such recordation is necessary to perfect the lien thereof as against creditors of Seller, or is in
the process of being recorded. 
 (hhh) FICO Scores. Other than with respect to (i) FHA, VA and RD streamlined Mortgage Loans and
(ii) Mortgage Loans where the related Mortgagor is a foreign national, each Mortgage Loan has a non-zero FICO score. 

(iii) Georgia Mortgage Loans. There is no Mortgage Loan that was originated on or after March 7, 2003 that is a “high cost
home loan” as defined under the Georgia Fair Lending Act. 
 (jjj) Illinois Mortgage Loans. All Mortgage Loans originated on or
after September 1, 2006 secured by property located in Cook County, Illinois are recordable at the time of origination. 
 (kkk)
Subprime Mortgage Loans. No Mortgage Loan is a “Subprime Home Loan” as defined in New York Banking Law 6-m, effective September 1, 2008. 

(lll) Balloon Mortgage Loans. No Mortgage Loan is a balloon mortgage loan that has an original stated maturity of less than seven
(7) years. 
 (mmm) Adjustable Rate Mortgage Loans. Each Mortgage Loan that is an adjustable rate Mortgage Loan and that has a
residential loan application date on or after September 13, 2007, complies in all material respects with the Interagency Statement on Subprime Mortgage Lending, 72 FR 37569 (July 10, 2007), regardless of whether the Mortgage Loan’s
originator or Seller is subject to such statement as a matter of law. 
 (nnn) Agency Mortgage Loans. Each Mortgage Loan that is
subject to a Takeout Commitment with an Agency as the Approved Investor had a principal balance at its origination that did not exceed such Agency’s conforming loan limits as of the Purchase Date. 

(ooo) Nontraditional Mortgage Loan. Each Mortgage Loan that is a “nontraditional mortgage loan” within the meaning of the
Interagency Guidance on Nontraditional Mortgage Product Risks, 71 FR 58609 (October 4, 2006), and that has a residential loan application date on or after September 13, 2007, complies in all material respects with such guidance, regardless of
whether the Mortgage Loan’s originator or Seller is subject to such guidance as a matter of law. 

  
 Sch. 1-14 

 (ppp) Mandatory Arbitration. No Mortgage Loan is subject to mandatory arbitration.

 (qqq) Federal Home Loan Bank. No Mortgage Loan sold by Seller hereunder is expressly prohibited by the Federal Home Loan Bank of
New York’s Member Products Guide. 
 (rrr) Wet Loans. With respect to each Mortgage Loan that is a Wet Loan, (i) if
requested by Buyer, such Mortgage Loan (other than a Mortgage Loan originated in the State of New York) is covered by a duly authorized, executed, delivered and enforceable Closing Protection Letter, and (ii) the Settlement Agent has been
instructed in writing by the applicable Seller to hold the related Mortgage Loan documents as agent and bailee for Buyer or Buyer agent and to promptly forward such Mortgage Loan documents to Custodian. 

(sss) Takeout Commitment. Unless otherwise approved by Buyer, each Purchased Asset is (a) eligible for sale to at least two
(2) Approved Investors (provided that only one (1) Approved Investor shall be needed if such Approved Investor is an Agency) or (b) covered by a Takeout Commitment (i) that does not exceed the availability under such Takeout
Commitment (taking into consideration mortgage loans which have been purchased by the respective Approved Investor under the Takeout Commitment and mortgage loan which Seller has identified to Buyer as covered by such Takeout Commitment); (ii)
conforms to the requirements and the specifications set forth in such Takeout Commitment and the related regulations, rules, requirements and/or handbooks of the applicable Approved Investor and (iii) is eligible for sale to and insurance or
guaranty by, respectively the applicable Approved Investor and applicable insurer. Each Takeout Commitment is a legal, valid and binding obligation of Seller enforceable against it in accordance with its terms, subject to applicable bankruptcy,
insolvency and similar laws affecting creditors’ rights generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law). 

(ttt) Prior Financing. Other than with respect to a Correspondent Mortgage Loan and unless otherwise agreed to by Buyer, no Mortgage
Loan has been subject to any other repurchase agreement or credit facility prior to the initial Purchase Date of such Mortgage Loan. 
 (uuu)
Borrower Benefit. Each HARP Mortgage Loan, as of the date of origination, meets the borrower benefit requirements as defined by the Agency. 

(vvv) Co-op Loan: Valid First Lien. With respect to each
Co-op Loan, the related Mortgage is a valid, enforceable and subsisting first security interest on the related Co-op Shares securing the related Proprietary Lease,
subject only to (a) liens of the Co-op Corporation for unpaid assessments representing the Mortgagor’s pro rata share of the Co-op Corporation’s payments
for its blanket mortgage, current and future real property taxes, insurance premiums, maintenance fees and other assessments to which like collateral is commonly subject and (b) other matters to which like collateral is commonly subject which
do not materially interfere with the benefits of the security intended to be provided by the security interest. There are no liens 

  
 Sch. 1-15 

 
against or security interests in the Co-op Shares relating to each Co-op Loan (except for unpaid maintenance,
assessments and other amounts owed to the related cooperative which individually or in the aggregate will not have a material adverse effect on such Co-op Loan), which have priority equal to or over
Seller’s security interest in such Co-op Shares. 
 (www)
Co-op Loan: Compliance with Law. With respect to each Co-op Loan, the related Co-op Corporation that owns title to the
related Co-op Project is a “cooperative housing corporation” within the meaning of Section 216 of the Internal Revenue Code, and is in material compliance with applicable federal, state and
local laws which, if not complied with, could have a material adverse effect on the Mortgaged Property. 
 (xxx) Co-op Loan: No Pledge. With respect to each Co-op Loan, there is no prohibition against pledging the Co-op Shares or assigning the
Proprietary Lease. With respect to each Co-op Loan, (i) the term of the related Proprietary Lease is longer than the term of the Co-op Loan, (ii) there is no
provision in any Proprietary Lease which requires the Mortgagor to offer for sale the Co-op Shares owned by such Mortgagor first to the Co-op Corporation,
(iii) there is no prohibition in any Proprietary Lease against pledging the Co-op Shares or assigning the Proprietary Lease and (iv) the Recognition Agreement is on a form of agreement published by
Aztech Document Systems, Inc. as of the date hereof or includes provisions which are no less favorable to the lender than those contained in such agreement. 

(yyy) Co-op Loan: Acceleration of Payment. With respect to each
Co-op Loan, each Assignment of Proprietary Lease contains enforceable provisions such as to render the rights and remedies of the holder thereof adequate for the realization of the material benefits of the
security provided thereby. The Assignment of Proprietary Lease contains an enforceable provision for the acceleration of the payment of the unpaid principal balance of the Mortgage Note in the event the Co-op
Unit is transferred or sold without the consent of the holder thereof. 

  
 Sch. 1-16 

 SCHEDULE 2 

RESPONSIBLE OFFICERS 
 SELLER
AUTHORIZATIONS 
 Any of the persons whose signatures and titles appear below are authorized, acting singly, to act for Seller under this Agreement:

  

					
	 Name
	 	 Title
	 	 Signature

  
 Sch. 2-1 

 BUYER AUTHORIZATIONS 

Any of the persons whose signatures and titles appear below are authorized, acting singly, to act for Buyer under this Agreement: 

AUTHORIZED REPRESENTATIVES OF UBS BANK USA 
  

					
	 Name
	 	 Title
	 	 Signature

  
 Sch. 2-2 

 SCHEDULE 3 

SCHEDULED INDEBTEDNESS 
  

					
	Warehouse Lines and Amounts:
			
	(1)	  	Bank of America	  	$300 million
			
	(2)	  	Wells Fargo	  	$200 million
			
	(3)	  	EverBank	  	$150 million (see MSR Lines below)
			
	(4)	  	Texas Capital Bank	  	$115 million
			
	(5)	  	Citibank	  	$125 million
			
	(6)	  	UBS	  	$550 million
			
	(7)	  	Jefferies	  	$425 million
	
	Mortgage Servicing Right Revolving Credit Facilties (“MSR Lines”):
			
	(1)	  	NexBank (Secured by FHLMC MSRs)	  	$30 million
			
	(2)	  	EverBank (Secured by FNMA MSRs)	  	$50 million
		  	(This line amount is included as a sublimit in the total Warehouse Line amount shown above)
	
	Subordinated Debt:
			
	(1)	  	Blue Mountain/Magnetar Sub-Debt	  	$80 million
	
	Capital Lease Lines:
			
	(1)	  	Texas Capital Bank Lease Line	  	$10 million

  
 Sch. 3-1 

 EXHIBIT A 

REQUIRED LEGAL OPINIONS 
  

	1.	 “Corporate” and “due diligence” opinions  

 

	 	(a)	 Opinion party(ies) entity status (due formation, existence and good standing) under constitutive laws

  

	 	(b)	 Opinion party(ies) entity general power and authority 

 

	 	(c)	 Entity action (authorization, execution and delivery of transaction agreements) 

 

	 	(d)	 No-conflicts with charter and
by-laws or other constitutive documents 

  

	 	(e)	 No conflicts with agreements 

 

	 	(f)	 No conflicts with judgments, orders or decrees No litigation or proceedings challenging the opinion
party(ies) execution, delivery or performance of the transaction agreements 

  

	 	(g)	 Opinion party(ies) not required to register under Investment Company Act 

 

	2.	 Enforceability and related opinions 

 

	 	(a)	 Enforceability of transaction agreements—legal, valid and binding obligations of and enforceable against
opinion part(ies) signatory thereto 

  

	 	(b)	 No conflicts with applicable laws 

 

	 	(c)	 No governmental approvals, filings or notices required for opinion party(ies) execution, delivery and
performance of transaction agreements 

  

	3.	 Perfection and other UCC opinions 

 

	 	(a)	 Creation of security interest under transaction agreements in opinion party(ies) right, title and
interest in UCC Article 9 collateral 

  

	 	(b)	 Filing-perfection of security interest in filing collateral 

 

	 	(c)	 Possession-perfection and priority of security interest in mortgage notes and certificated securities
(trust certificates of beneficial interest and pledged securities) 

  

	 	(d)	 Control-perfection and priority of security interest in securities account(s) and deposit account(s) (if
applicable) 

  
 Exh. A-1 

 EXHIBIT B 

FORM OF SELLER’S OFFICER’S CERTIFICATE 

The undersigned, ____________ of loanDepot.com, LLC, a Delaware limited liability company (the “Seller”), hereby certifies as
follows: 
 1. Attached hereto as Exhibit 1 is a copy of the formation documents of the Seller, as certified by the Secretary of State
of the State of Delaware. 
 2. Neither any amendment to the formation documents of the Seller nor any other charter document with respect to
the Seller has been filed, recorded or executed since _______ __, ____, and no authorization for the filing, recording or execution of any such amendment or other charter document is outstanding. 

3. Attached hereto as Exhibit 2 is a true, correct and complete copy of the Bylaws of the Seller as in effect as of the date hereof and
at all times since _______ __, ____. 
 4. Attached hereto as Exhibit 3 is a true, correct and complete copy of resolutions adopted by
the Board of Directors of the Seller by unanimous written consent on _______ __, 20__ (the “Resolutions”). The Resolutions have not been further amended, modified or rescinded and are in full force and effect in the form adopted,
and they are the only resolutions adopted by the Board of Directors of the Seller or by any committee of or designated by such Board of Directors relating to the execution and delivery of, and performance of the transactions contemplated by the
Master Repurchase Agreement dated as of June 1, 2015 (the “Repurchase Agreement”), between the Seller and UBS Bank USA (the “Buyer”). 

5. The Repurchase Agreement is substantially in the form approved by the Resolutions or pursuant to authority duly granted by the Resolutions.

 6. The undersigned, as a officers of the Seller or as
attorney-in-fact, are authorized to and have signed manually the Repurchase Agreement or any other document delivered in connection with the transactions contemplated
thereby, were duly elected or appointed, were qualified and acting as such officer or attorney-in-fact at the respective times of the signing and delivery thereof, and
were duly authorized to sign such document on behalf of the Seller, and the signature of each such person appearing on any such document is the genuine signature of each such person. 

 

					
	 Name
	  	 Title
	  	 Signature

  
 Exh. B-1 

 IN WITNESS WHEREOF, the undersigned has hereunto executed this Certificate as of the __ day
of __________, 20__. 
  

			
	LOAN DEPOT.COM, LLC, as Seller
		
	By:	 	  

		 	Name:
		 	Title:

  
 Exh. B-2 

 Exhibit 3 to Officer’s Certificate of the Seller 

RESOLUTIONS OF SELLER 
 Action of
the Managing Members 
 Without a Meeting Pursuant to 

Section ______ of ________ 
 The
undersigned, being the directors of loanDepot.com, LLC, a limited liability company (the “Company”), do hereby consent to the taking of the following action without a meeting and do hereby adopt the following resolutions by written consent
pursuant to Section ____________ of ______________ of the State of __________: 
 WHEREAS, it is in the best interests of the Company to
transfer from time to time to Buyer Mortgage Loans against the transfer of funds by Buyer, with a simultaneous agreement by Buyer to transfer to Company such Mortgage Loans at a date certain or on demand, against the transfer of funds by Company
pursuant to the terms of the Repurchase Agreement (as defined below). 
 NOW, THEREFORE, be it 

RESOLVED, that the execution, delivery and performance by the Company of the Master Repurchase Agreement (the “Repurchase
Agreement”) to be entered into by the Company and UBS Bank USA, as Buyer, substantially in the form of the draft dated June 1, 2015, attached hereto as Exhibit A, are hereby authorized and approved and that the [President] or
any [Vice President] (collectively, the “Authorized Officers”) of the Company be and each of them hereby is authorized and directed to execute and deliver the Repurchase Agreement to the Buyer with such changes as the officer
executing the same shall approve, his execution and delivery thereof to be conclusive evidence of such approval; 
 RESOLVED, that the
Authorized Officers hereby are, and each hereby is, authorized to execute and deliver all such aforementioned agreements on behalf of the Company and to do or cause to be done, in the name and on behalf of the Company, any and all such acts and
things, and to execute, deliver and file in the name and on behalf of the Company, any and all such agreements, applications, certificates, instructions, receipts and other documents and instruments, as such Authorized Officer may deem necessary,
advisable or appropriate in order to carry out the purposes of the foregoing resolutions. 
 RESOLVED, that the proper officers, agents and
counsel of the Company are, and each of such officers, agents and counsel is, hereby authorized for and in the name and on behalf of the Company to take all such further actions and to execute and deliver all such other agreements, instruments and
documents, and to make all governmental filings, in the name and on behalf of the Company and such officers are authorized to pay such fees, taxes and expenses, as advisable in order to fully carry out the intent and accomplish the purposes of the
resolutions heretofore adopted hereby. 

  
 Exh. B-3 

 Dated as of: ___________ ___, 20__ 

  
 Exh. B-4 

 EXHIBIT C 

FORM OF SERVICER NOTICE 
 [Date]

 [________________], as Servicer 
 [ADDRESS] 

Attention: ___________ 
  

	 	Re:	 Master Repurchase Agreement, dated as of June 1, 2015 (the “Agreement”), between loanDepot.com,
LLC (the “Seller”) and UBS Bank USA (the “Buyer”). 

 Ladies and Gentlemen: 

[___________________] (the “Servicer”) is servicing certain mortgage loans for Seller pursuant to that certain [_______________] (the
“Servicing Agreement”) between the Servicer and Seller. Pursuant to the Agreement, the Servicer is hereby notified that Seller has pledged to Buyer certain mortgage loans which are serviced by Servicer which are subject to a
security interest in favor of Buyer. 
 Upon receipt of a notice that an Event of Default has occurred under the Repurchase Agreement (a
“Notice of Event of Default”) from Buyer in which Buyer shall identify the mortgage loans which are then pledged to Buyer under the Agreement (the “Subject Mortgage Loans”), the Servicer shall segregate all amounts
collected on account of such Subject Mortgage Loans, hold them in trust for the sole and exclusive benefit of Buyer, and remit such collections in accordance with Buyer’s written instructions. Following such Notice of Event of Default, Servicer
shall follow the instructions of Buyer with respect to the Subject Mortgage Loans, and shall deliver to Buyer any information with respect to the Subject Mortgage Loans reasonably requested by Buyer. 

Notwithstanding any contrary information which may be delivered to the Servicer by Seller, the Servicer may conclusively rely on any
information or Notice of Event of Default delivered by Buyer, and Seller shall indemnify and hold the Servicer harmless for any and all claims asserted against it for any actions taken in good faith by the Servicer in connection with the delivery of
such information or Notice of Event of Default. 
 Please acknowledge receipt of this instruction letter by signing in the signature block
below and forwarding an executed copy to Buyer promptly upon receipt. Any notices to Buyer should be delivered to the following addresses: UBS Bank USA, 1285 Avenue of the Americas, New York, NY 10019; Attention: Gary Timmerman; Telephone: (212) 649-8156; Facsimile: (212) 713-9640. 

  
 Exh. C-1 

 
			
	Very truly yours,
	
	LOANDEPOT.COM, LLC
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	ACKNOWLEDGED AND AGREED:
	
	[__________________],
	        as Servicer

			
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	 UBS Bank USA,

	         as Buyer

		
	 By:
	 	
                     
    

		 	Name:
		 	Title:
		
	 By:
	 	
                     
        

		 	Name:
		 	Title:

  
 Exh. C-2 

 EXHIBIT D 

FORM OF TRADE ASSIGNMENT 
 __________
(“Approved Investor”) 
 [Insert Address and notice info] 

Dear Ladies and Gentlemen : 
 Attached to this
Trade Assignment is a correct and complete copy of your confirmation of commitment (the “Commitment”), [insert trade date], to purchase [insert description of Agency MBS] mortgage-backed pass-through securities
(“Agency Securities”) at a purchase price of $___________ from ___________ on [insert Settlement Date] (the “Settlement Date”). 

Pursuant to this Trade Assignment, we assign $_____ of this Commitment’s full amount to UBS Securities LLC (“UBS”),
which assignment shall be effective and shall be fully enforceable by UBS on the Settlement Date. 
 This is to confirm that (i) the form of this
assignment conforms to the SIFMA guidelines, (ii) the Commitment is in full force and effect, (iii) the Commitment has been assigned to UBS as security for the obligations of loanDepot.com, LLC , the “Seller” under that certain
Master Repurchase Agreement, dated as of June 1, 2015, between Seller and UBS, whose acceptance of such assignment is indicated below, [and] (iv) upon delivery of this trade assignment to you by UBS you will accept Seller’s direction
set forth herein to pay UBS for such Agency Securities, [(v) you will accept delivery of such Agency Securities directly from UBS, (vi) UBS is obligated to make delivery of such Agency Securities to you in accordance with the attached
Commitment and (vii) you have released Seller from its obligation to deliver the Agency Securities to you under the Commitment.] Payment will be made “delivery versus payment (DVP)” to UBS in immediately available funds. 

  
 Exh. D-1 

 If you have any questions, please call [SELLER CONTACT] at (___) ___-____ immediately or
contact him by fax at (___) ___-____. 
  

			
	 Very truly yours,

	
	 LOANDEPOT.COM,
LLC

 
			
		
	 By:
	 	  

	 Name:

	 Title:

  

			
	Accepted and Agreed to:
	
	UBS SECURITIES LLC
		
	By:	 	              

	Name:	 	  

	Title:	 	  

  

			
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Exh. D-2 

 EXHIBIT E 

FORM OF POWER OF ATTORNEY 
 KNOW
ALL MEN BY THESE PRESENTS, that loanDepot.com, LLC (“Seller”) hereby irrevocably constitutes and appoints UBS Bank USA (“Buyer”) and any officer or agent thereof, with full power of substitution, as its true and
lawful attorney-in-fact with full irrevocable power and authority in the place and stead of Seller and in the name of Seller or in its own name, from time to time in
Buyer’s discretion: 
 (a) in the name of Seller, or in its own name, or otherwise, to take possession of and endorse and collect any
checks, drafts, notes, acceptances or other instruments for the payment of moneys due with respect to any assets purchased by Buyer under the Master Repurchase Agreement (as amended, restated or modified) dated June 1, 2015 (the
“Assets”) and to file any claim or to take any other action or proceeding in any court of law or equity or otherwise deemed appropriate by Buyer for the purpose of collecting any and all such moneys due with respect to any other
assets whenever payable; 
 (b) to pay or discharge taxes and liens levied or placed on or threatened against the Assets; 

(c) (i) to direct any party liable for any payment under any Assets to make payment of any and all moneys due or to become due thereunder
directly to Buyer or as Buyer shall direct; (ii) to ask or demand for, collect, receive payment of and receipt for, any and all moneys, claims and other amounts due or to become due at any time in respect of or arising out of any Assets;
(iii) to sign and endorse any invoices, assignments, verifications, notices and other documents in connection with any Assets; (iv) to commence and prosecute any suits, actions or proceedings at law or in equity in any court of competent
jurisdiction to collect the Assets or any proceeds thereof and to enforce any other right in respect of any Assets; (v) to defend any suit, action or proceeding brought against Seller with respect to any Assets; (vi) to settle, compromise
or adjust any suit, action or proceeding described in clause (v) above and, in connection therewith, to give such discharges or releases as Buyer may deem appropriate; and (vii) generally, to sell, transfer, pledge and make any agreement
with respect to or otherwise deal with any Assets as fully and completely as though Buyer were the absolute owner thereof for all purposes, and to do, at Buyer’s option and Seller’s expense, at any time, and from time to time, all acts and
things which Buyer deems necessary to protect, preserve or realize upon the Assets and Buyer’s Liens thereon and to effect the intent of this Agreement, all as fully and effectively as Seller might do; 

(d) for the purpose of carrying out the transfer of servicing with respect to the Assets from Seller to a successor servicer appointed by Buyer
in its sole discretion and to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish such transfer of servicing, and, without limiting the generality of the
foregoing, Seller hereby gives Buyer the power and right, on behalf of Seller, without assent by Seller, to, in the name of Seller or its own name, or otherwise, prepare and send or cause to be sent
“good-bye” letters to all mortgagors under the Assets, transferring the servicing of the Assets to a successor servicer appointed by Buyer in its sole discretion; 

  
 Exh. E-1 

 (e) for the purpose of delivering any notices of sale to mortgagors or other third parties,
including without limitation, those required by law. 
 Seller hereby ratifies all that said attorneys shall lawfully do or cause to be done
by virtue hereof. This power of attorney is a power coupled with an interest and shall be irrevocable. 
 Seller also authorizes Buyer, from
time to time, to execute, in connection with any sale, any endorsements, assignments or other instruments of conveyance or transfer with respect to the Assets. 

The powers conferred on Buyer hereunder are solely to protect Buyer’s interests in the Assets and shall not impose any duty upon it to
exercise any such powers. Buyer shall be accountable only for amounts that it actually receives as a result of the exercise of such powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to Seller for any
act or failure to act hereunder, except for its or their own gross negligence or willful misconduct. 
 TO INDUCE ANY THIRD PARTY TO ACT
HEREUNDER, SELLER HEREBY AGREES THAT ANY THIRD PARTY RECEIVING A DULY EXECUTED COPY OR FACSIMILE OF THIS INSTRUMENT MAY ACT HEREUNDER, AND THAT REVOCATION OR TERMINATION HEREOF SHALL BE INEFFECTIVE AS TO SUCH THIRD PARTY UNLESS AND UNTIL ACTUAL
NOTICE OR KNOWLEDGE OF SUCH REVOCATION OR TERMINATION SHALL HAVE BEEN RECEIVED BY SUCH THIRD PARTY, AND BUYER ON ITS OWN BEHALF AND ON BEHALF OF BUYER’S ASSIGNS, HEREBY AGREES TO INDEMNIFY AND HOLD HARMLESS ANY SUCH THIRD PARTY FROM AND AGAINST
ANY AND ALL CLAIMS THAT MAY ARISE AGAINST SUCH THIRD PARTY BY REASON OF SUCH THIRD PARTY HAVING RELIED ON THE PROVISIONS OF THIS INSTRUMENT. 

[REMAINDER OF PAGE INTENTIONALLY BLANK. SIGNATURES FOLLOW.] 

  
 Exh. E-2 

 IN WITNESS WHEREOF Seller has caused this power of attorney to be executed and Seller’s
seal to be affixed this __ day of ________________, 20__. 
  

			
	LOANDEPOT.COM, LLC
	      (Seller)

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  
 Signature Page to the
Power of Attorney 

 Acknowledgment of Execution by Seller (Principal): 

 

					
	STATE OF                                	 	)	  	
		 	)	  	ss.:
	COUNTY OF                            	 	)	  	

 On the ___ day of ___________________, 2015 before me, the undersigned, a Notary Public in and for said State,
personally appeared
                                         
                                         
      , personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his
capacity as
                                         
                        for loanDepot.com, LLC and that by his signature on the instrument, the person upon behalf of which the
individual acted, executed the instrument. 
 IN WITNESS WHEREOF, I have hereunto set my hand affixed my office seal the day and year in
this certificate first above written. 
  

	
	                                      
                                         
   
	Notary Public
	
	My Commission
expires                                        
      

  
 Signature Page to the
Power of Attorney 

 EXHIBIT F 

FORM OF TAX COMPLIANCE CERTIFICATE 

Reference is hereby made to the Master Repurchase Agreement dated as of June 1, 2015 (as amended, restated, supplemented or otherwise
modified from time to time, the “Agreement”), between loanDepot.com, LLC (the “Seller”) and UBS Bank USA (the “Buyer”). Pursuant to the provisions of Section 7 of the Agreement, the undersigned
hereby certifies that: 
  

	 	1.	 It is a ___ natural individual person, ____ treated as a corporation for U.S. federal income tax purposes, ____
disregarded for U.S. federal income tax purposes (in which case a copy of this Tax Compliance Certificate is attached in respect of its sole beneficial owner), or ____ treated as a partnership for U.S. federal income tax purposes (one must be
checked). 

  

	 	2.	 It is the beneficial owner of amounts received pursuant to the Agreement. 

 

	 	3.	 It is not a bank, as such term is used in section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended
(the “Code”), or the Agreement is not, with respect to the undersigned, a loan agreement entered into in the ordinary course of its trade or business, within the meaning of such section. 

 

	 	4.	 It is not a 10-percent shareholder of Seller within the meaning of
section 871(h)(3) or 881(c)(3)(B) of the Code. 

  

	 	5.	 It is not a controlled foreign corporation that is related to Seller within the meaning of section 881(c)(3)(C)
of the Code. 

  

	 	6.	 Amounts paid to it under the Agreement and the other Program Documents (as defined in the Agreement) are not
effectively connected with its conduct of a trade or business in the United States. 

 Dated: 

 

			
	 [NAME OF UNDERSIGNED]

		
	 By:
	 	  

		 	Name:
		 	Title:

  
 Exh. F-1 

 EXHIBIT G 

FORM OF TEMPORARY INCREASE REQUEST 
 UBS Bank USA

 1285 Avenue of the Americas 
 New York, NY 10019 

Attention: Gary Timmerman 
 Telephone: (212) 649-8156 
 Facsimile: (212) 713-9640 

Email: Gary.Timmerman@ubs.com 
 Re: The Master
Repurchase Agreement, dated as of June 1, 2015 (the “Repurchase Agreement”), between UBS Bank USA (“Buyer”) and loanDepot.com, LLC (“Seller”) 

Ladies and Gentlemen: 
 In accordance with
Section 3(f) of the Repurchase Agreement, Buyer hereby consents to a Temporary Increase of the Maximum Aggregate Purchase Price or the Maximum Committed Purchase Price as further set forth below: 

Amount of Temporary Increase: $__________________. 
 Temporary
Maximum Aggregate Purchase Price: $__________________. 
 Temporary Maximum Committed Purchase Price: $__________________. 

Effective date: [                ] 

Expiration date: [                ] 

On and after the effective date indicated above and until the expiration date indicated above, the Maximum Aggregate Purchase Price and/or
Maximum Committed Purchase Price (if applicable) shall equal the Temporary Maximum Aggregate Purchase Price and/or Temporary Maximum Committed Purchase Price, respectively, indicated above for all purposes of the Repurchase Agreement and all
calculations and provisions relating to the Maximum Aggregate Purchase Price and/or Maximum Committed Purchase Price shall refer to the Temporary Maximum Aggregate Purchase Price and/or Temporary Maximum Committed Purchase Price, respectively,
including without limitation, Concentration Limits. 
 Unless otherwise terminated pursuant to the Repurchase Agreement, this Temporary
Increase shall terminate on the expiration date indicated above. Upon the termination of this Temporary Increase, Seller shall repurchase Purchased Assets such that (i) the aggregate outstanding Purchase Price of all Transactions does not
exceed the Maximum Aggregate Purchase Price and (ii) the applicable portion of the aggregate outstanding Purchase Price of all Transactions does not exceed any Concentration Limit. 

  
 Exh. G-1 

 All terms used herein and not otherwise defined herein shall have the respective meanings
ascribed to such terms in the Repurchase Agreement. 
  

			
	LOANDEPOT.COM, LLC, as Seller
		
	By:	 	
                 

		 	Name:
		 	Title:

 Agreed and Consented by: 
  

			
	UBS BANK USA, as Buyer
		
	By:	 	
                 

		 	Name:
		 	Title:
		
	By:	 	              

		 	Name:
		 	Title:

 Date: ________________ 

  
 Exh. G-2

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