Document:

exv10w49

Exhibit 10.49

          AMENDMENT, dated as of February 21, 2012 (this “Amendment”), to the Fifth Amended
and Restated Master Repurchase Agreement dated as of January 27, 2010 (as amended from time to
time, the “Agreement”), between Nationstar Mortgage LLC, a Delaware limited liability
company (the “Company”) and The Royal Bank of Scotland PLC (the “Bank”).

          WHEREAS, FIF HE Holdings LLC (“FIF”), a wholly-owned subsidiary of Fortress Investment
Group LLC, owns 100% of the equity interests in the Company;

          WHEREAS, FIF owns 100% of the equity interests in Nationstar Mortgage Holdings Inc., a newly
formed Delaware corporation (“NMH”), which in turn owns 100% of the equity interests in
Nationstar Sub1 LLC (“Sub 1”) and Nationstar Sub2 LLC (“Sub 2”), each of which is a
Delaware limited liability company (collectively, the “Subsidiary LLCs”);

          WHEREAS, NMH expects to effect a registered initial public offering of its common stock
pursuant to a registration statement on Form S-1 (the “IPO”);

          WHEREAS, in connection with the IPO, FIF expects to transfer all of its equity interests in
the Company to the Subsidiary LLCs (the “Restructuring” and, collectively with the IPO, the
“Transactions”), such that Sub 1 and Sub 2, collectively, will own 100% of the Company
following the Restructuring;

          NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto, intending to be legally bound hereby, agree as follows:

          I. Amendment of the Agreement. The definition of “Change of Control” set forth in
Section 2(a) of the Agreement is hereby deleted in its entirety and replaced with the following:

          “Change of Control” means:

          (a) at any time prior to the consummation of an initial public offering of common
equity interests pursuant to a registration statement on Form S-1 or any comparable successor form
by Seller or any direct or indirect parent of Seller, the acquisition by any other Person, or two
or more other Persons acting in concert, of beneficial ownership (within the meaning of Rule 13d-3
of the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended) of
outstanding shares of voting stock of Seller at any time if, after giving effect to such
acquisition, the Permitted Holders do not own, directly or indirectly, more than fifty percent
(50%) of such outstanding voting stock; and

          (b) at
any time upon or after the consummation of an initial public offering of
common equity interests pursuant to a registration statement on Form
S-1 or any comparable successor
form by Seller or any direct or indirect parent of Seller, any “person” or “group” (as such terms
are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any
employee benefit plan of such person and its Subsidiaries, and any person or entity acting in its
capacity as trustee, agent or other fiduciary or administrator of any such plan), other than one or
more Permitted Holders, becomes the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5
under such Act), of more than the greater of (x) 35% of the then-outstanding

 

 

voting power of Seller’s voting equity interests and (y) the percentage of the
then-outstanding voting power of Seller’s voting equity interests owned, in the aggregate, directly
or indirectly, beneficially and of record, by the Permitted Holders; unless the Permitted Holders
have, at such time, the right or the ability by voting power, contract or otherwise to elect or
designate for election at least a majority of Seller’s board of directors.

          “Permitted Holders” means Fortress Investment Group LLC and any other Person who
directly or indirectly through one or more intermediaries controls, or is controlled by, or is
under common control with, Fortress Investment Group LLC. For purposes of this definition, the term
“control” means the possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of a Person, whether through the ownership of voting
securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings
correlative of the foregoing.

          II. Representations and Warranties. The Company represents and warrants to the Bank that as
of the date hereof:

               A. The execution, delivery and performance of this Amendment have been duly authorized by all
necessary corporate action by the Company, and do not and will not (i) contravene the terms of the
Company’s organizational documents, (ii) result in any breach or contravention of any Contractual
Obligation to which the Company is a party or any order, injunction, writ or decree of any
Governmental Authority or any arbitral award to which the Company is subject; or (iii) violate any
applicable law; except with respect to any breach, contravention or violation referred to in
clauses (ii) and (iii), to the extent that such breach, contravention or violation would not
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect;

               B. The Agreement, as amended hereby, constitutes a valid and binding agreement of the Company,
enforceable against the Company in accordance with the terms thereof, subject to bankruptcy,
insolvency, reorganization and other laws of general applicability relating to or affecting
creditors’ rights and to general principles of equity;

               C. The representations and warranties of the Company contained in the Agreement are true and
correct in all material respects; provided that, to the extent that such representations and
warranties specifically refer to an earlier date, they are true and correct in all material
respects as of such earlier date; provided, further, that, any representation and warranty that is
qualified as to “materiality,” “Material Adverse Effect” or similar language is true and correct
(after giving effect to any qualification therein) in all respects on such respective dates; and

               D. No Default or Event of Default has occurred or is continuing under the Agreement.

          III. Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES (OTHER THAN
SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW, WHICH SHALL GOVERN).

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          IV. Effect of Amendment. This Amendment shall not by implication or otherwise limit,
impair, constitute a waiver of or otherwise affect the rights and remedies of the Bank under the
Agreement, and, except as expressly set forth herein, shall not alter, modify, amend or in any way
affect any of the terms, conditions, obligations, covenants or agreements contained in the
Agreement, all of which are ratified and affirmed in all respects and shall continue in full force
and effect.

          V. Miscellaneous.

               A. The headings of this Amendment are for purposes of reference only and shall not limit or
otherwise affect the meaning hereof.

               B. This Amendment may be executed in any number of counterparts and by different parties
hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be
an original, but all of which when taken together shall constitute a single instrument. Delivery
of an executed counterpart of a signature page of this Amendment by facsimile or electronic
transmission shall be effective as delivery of a manually executed counterpart hereof.

               C. Terms used but not otherwise defined herein shall have the meaning ascribed to them in the
Agreement.

               D. By executing this Amendment, the Bank hereby consents to any disclosure and filing of this
Amendment required by law.

[signature pages follow]

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          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of
the date first above written.

	 	 	 	 	 
	 	

NATIONSTAR MORTGAGE LLC

 	 
	 	By:  	/s/ Anthony W. Villani
 	 
	 	 	Name:  	Anthony W. Villani 	 
	 	 	Title:  	Executive Vice President & General Counsel 	 

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	 	THE ROYAL BANK OF SCOTLAND PLC

 	 
	 	By:  	/s/ Regina Abayev
 	 
	 	 	Name:  	Regina Abayev 	 
	 	 	Title:  	Director 	 
	 

5exv10w50

Exhibit 10.50

     AMENDMENT AND WAIVER, dated as of February 21, 2012 (this “Amendment and
Waiver”), to the Amended and Restated Master Repurchase Agreement dated as of February 24, 2010
(as amended from time to time the “MRA”), and the Transition Subservicing Agreement dated
as of December 5, 2011 (as amended from time to time, the “TSA” and, collectively with the
MRA, the “Agreements”), in each case between Nationstar Mortgage LLC, a Delaware limited
liability company (the “Company”) and Bank of America, N.A. (the “Bank”).

     WHEREAS, FIF HE Holdings LLC (“FIF”), a wholly-owned subsidiary of Fortress Investment
Group LLC, owns 100% of the equity interests in the Company;

     WHEREAS, FIF owns 100% of the equity interests in Nationstar Mortgage Holdings Inc., a newly
formed Delaware corporation (“NMH”), which in turn owns 100% of the equity interests in
Nationstar Sub1 LLC (“Sub 1”) and Nationstar Sub2 LLC (“Sub 2”), each of which is a
Delaware limited liability company (collectively, the “Subsidiary LLCs”);

     WHEREAS, NMH expects to effect a registered initial public offering of its common stock
pursuant to a registration statement on Form S-1 (the “IPO”);

     WHEREAS, in connection with the IPO, FIF expects to transfer all of its equity interests in
the Company to the Subsidiary LLCs (the “Restructuring” and, collectively with the IPO, the
“Transactions”), such that Sub 1 and Sub 2, collectively, will own 100% of the Company
following the Restructuring;

     NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto, intending to be legally bound hereby, agree as follows:

     I. Amendment of the Agreements.

          A. Subsections (a), (b), and (c) of the definition of “Change of Control” set forth in Exhibit
A to the MRA are hereby deleted in their entirety and replaced with the following:

     “Change of Control” means:

     (a) at any time prior to the consummation of an initial public offering of common equity
interests pursuant to a registration statement on Form S-1 or any comparable successor form by
Seller or any direct or indirect parent of Seller, less than 100% of the Seller’s equity securities
are owned, directly or indirectly, by FIF HE Holdings LLC;

     (b) at any time upon or after the consummation of an initial public offering of common equity
interests pursuant to a registration statement on Form S-1or any comparable successor form by
Seller or any direct or indirect parent of Seller, any “person” or “group” (as such terms are used
in Sections 13(d) and 14(d) of the Exchange Act, but excluding any employee benefit plan of such
person and its Subsidiaries, and any person or entity acting in its capacity as trustee, agent or
other fiduciary or administrator of any such plan), other than one or more Permitted Holders,
becomes the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-

 

 

5 under such Act), of more than the greater of (x) 35% of the then-outstanding voting power of
Seller’s voting equity interests and (y) the percentage of the then-outstanding voting power of
Seller’s voting equity interests owned, in the aggregate, directly or indirectly, beneficially and
of record, by the Permitted Holders; unless the Permitted Holders have, at such time, the right or
the ability by voting power, contract or otherwise to elect or designate for election at least a
majority of Seller’s board of directors;

     “Permitted Holders” means Fortress Investment Group LLC and any other Person who
directly or indirectly through one or more intermediaries controls, or is controlled by, or is
under common control with, Fortress Investment Group LLC. For purposes of this definition, the term
“control” means the possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of a Person, whether through the ownership of voting
securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings
correlative of the foregoing.

          B. Subsections (d), (e), (f) and (g) of the definition of “Change of Control” set forth in
Exhibit A to the MRA are hereby renamed Subsections (c), (d), (e), and (f).

          C. The words “the foregoing” are hereby deleted from Subsection (f) of the definition of
“Change of Control” set forth in Exhibit A to the MRA, and replaced with the words “(a), (c), (d),
and (e) of this definition” so that the clause reads as follows:

     (f) any transaction or series of related transactions that has the substantial effect of any
one or more of (a), (c), (d), and (e) of this definition.

          D. The definition of “Change of Control” set forth in Section 2.01 of the TSA is hereby
deleted in its entirety and replaced with the following:

     “Change of Control” means:

     (a) at any time prior to the consummation of an initial public offering of common equity
interests pursuant to a registration statement on Form S-1 or any comparable successor form by
Client or any direct or indirect parent of Client, less than 100% of the Client equity securities
are owned, directly or indirectly, by FIF HE Holdings LLC;

     (b) at any time upon or after the consummation of an initial public offering of common equity
interests pursuant to a registration statement on Form S-1 or any comparable successor form by the
Client or any direct or indirect parent of the Client, any “person” or “group” (as such terms are
used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any employee
benefit plan of such person and its Subsidiaries, and any person or entity acting in its capacity
as trustee, agent or other fiduciary or administrator of any such plan), other than one or more
Permitted Holders, becomes the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under
such Act), of more than the greater of (x) 35% of the then-outstanding voting power of the Client’s
voting equity interests and (y) the percentage of the then-outstanding voting power of the Client’s
voting equity interests owned, in the aggregate, directly or indirectly, beneficially and of
record, by the Permitted Holders; unless the Permitted

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Holders have, at such time, the right or the ability by voting power, contract or otherwise to
elect or designate for election at least a majority of the Client’s board of directors.

     “Permitted Holders” means Fortress Investment Group LLC and any other Person who
directly or indirectly through one or more intermediaries controls, or is controlled by, or is
under common control with, Fortress Investment Group LLC. For purposes of this definition, the term
“control” means the possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of a Person, whether through the ownership of voting
securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings
correlative of the foregoing.

     II. Waivers under the Agreements. The Bank hereby consents to the Transactions, waives
any claim the Bank may now, or in the future, have for breach of Section 10.9(e) of the MRA or
Section 10.01(a)(ii)(11) of the TSA solely as a result of the Transactions.

     III. Representations and Warranties. The Company represents and warrants to the Bank that as of
the date hereof:

          A. The execution, delivery and performance of this Amendment and Waiver have been duly
authorized by all necessary corporate action by the Company, and do not and will not (i) contravene
the terms of the Company’s organizational documents, (ii) result in any breach or contravention of
any contractual obligation to which the Company is a party or any order, injunction, writ or decree
of any Governmental Authority or any arbitral award to which the Company is subject; or (iii)
violate any applicable law; except with respect to any breach, contravention or violation referred
to in clauses (ii) and (iii), to the extent that such breach, contravention or violation would not
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect as that
term is defined in the MRA;

          B. The Agreements, as amended and waived hereby, constitute valid and binding agreements of
the Company, enforceable against the Company in accordance with the terms thereof, subject to
bankruptcy, insolvency, reorganization and other laws of general applicability relating to or
affecting creditors’ rights and to general principles of equity;

          C. The representations and warranties of the Company contained in the Agreements are true and
correct in all material respects; provided that, to the extent that such representations and
warranties specifically refer to an earlier date, they are true and correct in all material
respects as of such earlier date; provided, further, that, any representation and warranty that is
qualified as to “materiality,” “Material Adverse Effect” or similar language is true and correct
(after giving effect to any qualification therein) in all respects on such respective dates;

          D. Company is in full compliance in all material respects with all of the terms and conditions
of the Principal Agreements (as defined in the MRA) and the TSA; and

          E. No default, Event of Default, or Client Event of Default has occurred or is continuing
under the Agreements.

     IV. Applicable Law. THIS AMENDMENT AND WAIVER SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE

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STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES (OTHER THAN SECTION 5-1401 OF THE
NEW YORK GENERAL OBLIGATIONS LAW, WHICH SHALL GOVERN).

     V. Effect of Amendment and Waiver. Except as expressly set forth herein, this Amendment and
Waiver shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise
affect the rights and remedies of the Bank under the Principal Agreements or the TSA, and shall not
alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or
agreements contained in the Principal Agreements and the TSA, all of which are ratified and
affirmed in all respects and shall continue in full force and effect. The failure of the Bank at
any time hereafter to require strict performance by the Company of any of the provisions,
warranties, terms or conditions contained in the Principal Agreements or the TSA shall not waive,
modify, diminish or otherwise affect any right of the Bank at any time thereafter to demand strict
performance thereof, and no rights of the Bank under the Principal Agreements and the TSA shall be
deemed to have been waived or modified by any act or knowledge of the Bank, or their respective
officers or employees, unless such waiver or modification is contained in an instrument in writing
signed by the appropriate officers of the Bank and directed to the Company specifying such waiver
or modification.

     VI. Miscellaneous.

          A. The headings of this Amendment and Waiver are for purposes of reference only and shall not
limit or otherwise affect the meaning hereof.

          B. This Amendment and Waiver may be executed in any number of counterparts and by different
parties hereto on separate counterparts, each of which when so executed and delivered shall be
deemed to be an original, but all of which when taken together shall constitute a single
instrument. Delivery of an executed counterpart of a signature page of this Amendment and Waiver
by facsimile or electronic transmission shall be effective as delivery of a manually executed
counterpart hereof.

          C. Terms used but not otherwise defined herein shall have the meaning ascribed to them in the
Agreements.

          D. By executing this Amendment and Waiver, the Bank hereby consents to any disclosure and
filing of this Amendment and Waiver required by law .

[signature pages follow]

4

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment and Waiver to be duly
executed as of the date first above written.

	 	 	 	 	 
	 	NATIONSTAR MORTGAGE LLC
 	 
	 	By:  	/s/ Anthony W. Villani 	 
	 	 	Name: 	Anthony W. Villani	 
	 	 	Title:  	Executive Vice President & General Counsel 	 
	 

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.

 	 
	 	By:  	/s/ Baron Silverstein
 	 
	 	 	Name:  	Baron Silverstein 	 
	 	 	Title:  	Managing Director

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