Document:

exv10w3

Exhibit 10.3

CONFIDENTIAL
TREATMENT REQUESTED

SUBSERVICING AGREEMENT

between

Fannie Mae

and

Nationstar Mortgage LLC

Effective as of October 29, 2010

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I DEFINITIONS
	 	 	1	 
	Section 1.1 Definitions
	 	 	1	 
	Section 1.2 Servicing Agreement
	 	 	1	 
	ARTICLE II SERVICING
	 	 	1	 
	Section 2.1 Ownership of Servicing Rights
	 	 	1	 
	Section 2.2 Appointment as Subservicer; Modification of Asset List
	 	 	2	 
	Section 2.3 Cooperation and Coordination with Other Parties
	 	 	2	 
	Section 2.4 Litigation
	 	 	2	 
	Section 2.5 Customer Complaints
	 	 	3	 
	Section 2.6 Bank and Document Custodian Expenses
	 	 	3	 
	Section 2.7 Certification
	 	 	4	 
	Section 2.8 Tax Contracts
	 	 	4	 
	Section 2.9 Flood Contracts
	 	 	4	 
	Section 2.10 Foreclosure Assistance
	 	 	4	 
	Section 2.11 Ownership of Books and Records
	 	 	4	 
	Section 2.12 Document Custodian and Custody Documents
	 	 	4	 
	Section 2.13 Advances
	 	 	5	 
	Section 2.14 Loan Performance Advisor
	 	 	8	 
	Section 2.15 Power of Attorney
	 	 	8	 
	ARTICLE III COMPENSATION; AMOUNTS DUE SUBSERVICER AND FANNIE MAE
	 	 	8	 
	Section 3.1 Subservicing Fees
	 	 	8	 
	Section 3.2 Other Payments to Subservicer
	 	 	9	 
	Section 3.3 Payments
	 	 	9	 
	ARTICLE IV TRANSITIONAL RESPONSIBILITIES OF SUBSERVICER
	 	 	10	 
	Section 4.1 Possession of Servicing Files and Records
	 	 	10	 
	Section 4.2 Custodial Accounts
	 	 	10	 
	Section 4.3 Subservicer’s Review of Certain Items
	 	 	10	 
	Section 4.4 Mortgagor Notices
	 	 	12	 
	Section 4.5 Third-Party Notices
	 	 	12	 
	Section 4.6 Assignments
	 	 	12	 
	Section 4.7 MERS
	 	 	13	 
	Section 4.8 Forced Place Insurance
	 	 	13	 
	Section 4.9 Transfer-Related Costs and Expenses
	 	 	13	 
	ARTICLE V REPRESENTATIONS AND WARRANTIES
	 	 	14	 
	Section 5.1 Representations and Warranties of Subservicer
	 	 	14	 
	ARTICLE VI COVENANTS
	 	 	16	 
	Section 6.1 Subservicer’s General Covenants
	 	 	16	 
	Section 6.2 Location of Subservicing
	 	 	17	 
	Section 6.3 Pilot Programs
	 	 	17	 
	ARTICLE VII CONFIDENTIALITY AND PROTECTION OF RECORDS
	 	 	18	 
	Section 7.1 Confidential Information
	 	 	18	 
	Section 7.2 Risk Review Process; Information Security
	 	 	19	 
	Section 7.3 Privacy
	 	 	20	 
	Section 7.4 Duties and Responsibilities in the Case of a Breach
	 	 	21	 
	ARTICLE VIII AUDITS AND RECORDS
	 	 	22	 
	Section 8.1 Audit Rights
	 	 	22	 
	Section 8.2 Audit Follow-up
	 	 	23	 
	Section 8.3 Records
	 	 	23	 
	Section 8.4 Subservicer Audits
	 	 	23	 
	Section 8.5 Reports Concerning Governmental Reviews
	 	 	24	 
	Section 8.6 Further Agreements
	 	 	24	 

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	 	 	Page	 
	ARTICLE IX DEFAULT AND INDEMNIFICATION
	 	 	24	 
	Section 9.1 Event of Default
	 	 	24	 
	Section 9.2 Indemnification
	 	 	25	 
	ARTICLE X TERM AND TERMINATION
	 	 	28	 
	Section 10.1 Term of the Agreement
	 	 	28	 
	Section 10.2 Termination For Convenience
	 	 	28	 
	Section 10.3 Termination For Default
	 	 	28	 
	Section 10.4 Termination For Regulatory Event
	 	 	28	 
	Section 10.5 Termination For Other Circumstances
	 	 	28	 
	Section 10.6 Other Termination Provisions
	 	 	29	 
	Section 10.7 Duties Upon Termination; Transfer of Books, Records and Accounts
	 	 	29	 
	Section 10.8 Extension of Expiration or Termination Date
	 	 	29	 
	ARTICLE XI MISCELLANEOUS PROVISIONS
	 	 	30	 
	Section 11.1 Supplementary Information
	 	 	30	 
	Section 11.2 Further Acts
	 	 	30	 
	Section 11.3 Survival
	 	 	30	 
	Section 11.4 Assignment
	 	 	30	 
	Section 11.5 Subcontracting
	 	 	30	 
	Section 11.6 Notices
	 	 	31	 
	Section 11.7 Entire Agreement
	 	 	32	 
	Section 11.8 Binding Effect; Third Parties
	 	 	32	 
	Section 11.9 Applicable Laws
	 	 	32	 
	Section 11.10 Counterparts
	 	 	32	 
	Section 11.11 Time of Essence
	 	 	32	 
	Section 11.12 No Remedy Exclusive
	 	 	32	 
	Section 11.13 Construction
	 	 	32	 
	Section 11.14 Attorneys’ Fees and Expenses
	 	 	32	 
	Section 11.15 Waiver
	 	 	33	 
	Section 11.16 Relationship of Parties
	 	 	33	 
	Section 11.17 Interpretive Principles
	 	 	33	 

	 	 	 

	Exhibit A

	 	Definitions
	Exhibit B

	 	Form of Subservicing Appendix
	Exhibit C

	 	Reports
	Exhibit C-1

	 	Data Dictionary
	Exhibit D

	 	Termination Fees
	Exhibit E

	 	Maximum Ancillary Fees

ii

 

SUBSERVICING AGREEMENT

     This SUBSERVICING AGREEMENT, effective as of the 29th day of October, 2010 (this “Agreement”),
is hereby mutually agreed upon and entered into by and between Fannie Mae, a corporation organized
and existing under the laws of the United States (“Fannie Mae”), and Nationstar Mortgage LLC, a
Delaware limited liability company (“Subservicer”).

WITNESSETH:

     WHEREAS, Fannie Mae owns the Assets and is the Primary Servicer thereof;

     WHEREAS, prior to the Transfer Date, the Assets have been serviced by one or more third-party
servicers (collectively or individually, as the context may require, “Prior Servicer(s)”); and

     WHEREAS, Fannie Mae desires to retain Subservicer to subservice the Assets on behalf of Fannie
Mae from and after the Transfer Date, and Subservicer desires to assume such servicing
responsibilities.

     NOW, THEREFORE, in consideration of the mutual premises, covenants and conditions and for
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and upon the terms and subject to the conditions set forth herein, the Parties hereto
agree as follows:

ARTICLE I

DEFINITIONS

          Section 1.1 Definitions.

     Capitalized terms used in this Agreement shall have the meanings specified in Exhibit
A hereto. Capitalized terms not otherwise defined herein shall have the meanings specified in
the Servicing Agreement.

          Section 1.2 Servicing Agreement.

     Subject to Section 2.1, Subservicer shall be deemed to be acting as, and shall have all the
obligations of, a Servicer of the Assets under the Servicing Agreement, except as such obligations
are further defined, modified or limited by the terms of this Agreement.

ARTICLE II

SERVICING

          Section 2.1 Ownership of Servicing Rights.

     Subservicer expressly acknowledges and agrees that Subservicer does not and shall not have any
property interest in the Servicing Rights or the Assets, and shall not assert any such rights
thereafter.

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          Section 2.2 Appointment as Subservicer; Modification of Asset List.

     (a) Fannie Mae hereby appoints Subservicer, and Subservicer hereby accepts such appointment,
to perform all of the functions, responsibilities, activities, and tasks of a Servicer to service
and administer the Assets for the benefit of Fannie Mae from and after the Transfer Date, in
accordance with and subject to the terms of this Agreement and Applicable Requirements and any
reasonable written directions from Fannie Mae pursuant to this Agreement. Subservicer shall
perform its functions, responsibilities, activities, and tasks hereunder in its name, and not on a
“private label” basis. Subservicer shall also implement and service designated Assets in accordance
with the High Touch Servicing Protocols as defined in the SRA, unless otherwise directed by Fannie
Mae in writing,

     (b) The Assets serviced and administered under this Agreement shall be set forth from time to
time in one or more Subservicing Appendices execution by Subservicer and Fannie Mae prior to the
Transfer Date, similar in form and substance to Exhibit B, Subservicing Appendix.
In addition to the submission of all required reports to Fannie Mae in accordance with Applicable
Requirements, and any other reports as required under this Agreement, Subservicer shall provide
Fannie Mae and/or any service providers designated by Fannie Mae with the reports listed on
Exhibit C. In addition, Subservicer shall prepare such additional reports reasonably
requested by Fannie Mae in such form as may be mutually agreed to between the Parties.

          Section 2.3 Cooperation and Coordination with Other Parties.

     Subservicer shall provide Fannie Mae and its designated service providers with online access
to view activity on Subservicer’s servicing system relating to the Assets and Servicing Rights.
Subservicer will provide a reasonable number of Fannie Mae employees and contractors with such
access, at no cost to Fannie Mae. Subservicer will cooperate and coordinate with Fannie Mae and
any service providers selected by Fannie Mae and as reasonably required for Fannie Mae or any such
service provider to perform services for which it is responsible.

          Section 2.4 Litigation.

     Except as otherwise provided in this Agreement, including as set forth in Section 9.2(c),
Subservicer will be responsible for management and administration of all loan-level Actions
relating to the Assets, including any litigation costs and expenses related thereto, as set forth
in the Servicing Agreement, and Subservicer shall be entitled to be reimbursed for any such costs
and expenses as provided in the Servicing Agreement. Notwithstanding the foregoing:

     (a) Subservicer shall consult with Fannie Mae regarding any Action in which Fannie Mae is
named, including with respect to selection of counsel and strategies with respect to such Action,
and shall not select any counsel or pursue any strategy objected to by Fannie Mae;

     (b) Subservicer shall not, without the prior written consent of Fannie Mae, settle or
compromise any material claims specifically naming Fannie Mae arising out of or relating to any
such Action;

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     (c) Fannie Mae may elect, by written notice to Subservicer, to assume control of any Action
against Fannie Mae, provided that Fannie Mae shall be responsible for the costs and expenses
thereof after such assumption, subject to Fannie Mae’s rights to indemnification as provide in this
Agreement, the Servicing Agreement or any other agreement between the Parties; and

     (d) Subservicer shall cooperate in obtaining or making available information or documents
respecting the Assets involved in any Action, as may be reasonably requested or required by Fannie
Mae or its counsel.

          Section 2.5 Customer Complaints.

     (a) Subservicer will maintain an internal procedure to provide for the management of written
complaints received by Subservicer directed to its legal department and/or Office of the President
(or such other departments or offices of Subservicer that are designated to fill the roles thereof
with respect to such complaints), as applicable. Subservicer will track written complaints with
respect to the Mortgage Loans.

     (b) Subservicer shall provide Fannie Mae with written notice, within fifteen (15) Business
Days of receipt, of any written complaint with respect to the Mortgage Loans, which could
reasonably be expected to have a material adverse effect on Fannie Mae’s reputation or financial
condition, assuming the allegations in such complaint were true. Subservicer will provide Fannie
Mae, at Fannie Mae’s request, with a report of such written complaints by type. On a monthly
basis, Subservicer will provide Fannie Mae with a record of all material written complaints,
including a summary of the issue and resolution, together with the date received and resolved.
Subservicer will provide Fannie Mae, at Fannie Mae’s reasonable request, with copies of such
written complaints by or on behalf of Borrowers involving the Mortgage Loans, and final written
responses to such written complaints, in a mutually agreed upon format.

     (c) Subservicer’s handling of complaints will be in compliance with Applicable Requirements.

          Section 2.6 Bank and Document Custodian Expenses.

     Subservicer shall be responsible for all bank charges, costs and expenses associated with the
maintenance of the Custodial Accounts and Escrow Accounts during the term of this Agreement.
Fannie Mae shall be responsible for all Document Custodian fees and service charges associated with
the Mortgage Loans during the term of this Agreement as provided in Section 2.13. Fannie Mae shall
cause the Document Custodian to deliver applicable invoices or bills for Document Custodian fees
and service charges to Subservicer. Subservicer shall review such invoices or bills for accuracy,
and initially pay the fees and charges when due, subject to reimbursement upon delivery of an
invoice, as provided in Section 3.3.

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          Section 2.7 Certification.

     As directed by Fannie Mae, Subservicer shall cause the completion of “certification” and
“recertification” of the Custody Documents pertaining to the Mortgage Loans in accordance with
Applicable Requirements. Any costs and expenses incurred by Subservicer pursuant to this Section
2.8 shall be reimbursable to Subservicer upon delivery of an invoice, as provided in Section 3.3.

          Section 2.8 Tax Contracts.

     Subservicer shall arrange for all transferable tax monitoring contracts to be transferred from
Prior Servicer to Subservicer. To the extent that fully paid and transferable, life of loan, tax
contracts are not transferred to Subservicer for all Assets as of the Transfer Date, Subservicer
shall, upon prior approval from Fannie Mae with regard to such expense and vendor, obtain and
maintain such contracts at Fannie Mae’s expense for each Asset.

          Section 2.9 Flood Contracts.

     Subservicer shall arrange for all transferable flood monitoring contracts to be transferred
from Prior Servicer to Subservicer. To the extent fully paid and transferable, life of loan, flood
contracts are not transferred to Subservicer for all Assets as of the Transfer Date, Subservicer
shall, upon prior approval from Fannie Mae with regard to such expense and vendor, obtain and
maintain such contracts at Fannie Mae’s expense for each Asset.

          Section 2.10 Foreclosure Assistance.

     Subservicer shall cooperate with Fannie Mae during and after the term of this Agreement to
minimize disruption of Foreclosures in process as a result of the transfer of the Servicing Rights
and/or servicing responsibilities to Fannie Mae. Subservicer shall initiate Foreclosures in
accordance with the Guide and in the name of Subservicer or its designee, and substitute
Subservicer or its designee as the plaintiff in any Foreclosure to the extent not initiated in its
name, unless otherwise directed by Fannie Mae in its sole discretion.

          Section 2.11 Ownership of Books and Records.

     Subject to Applicable Requirements, all books, records, documents, files, and other
information and data in Subservicer’s possession pertaining to the Assets and Servicing Rights,
including all documents, records and reports relating to any mortgage-backed security in which
the Mortgage Loans are contained, are and shall at all times remain the property of Fannie Mae.

          Section 2.12 Document Custodian and Custody Documents.

     (a) Fannie Mae will cause the Document Custodian to recognize Subservicer as servicer of
the Assets, request that the Document Custodian provide Subservicer with copies of all exception
reports upon request, and deliver promptly all documents to Subservicer as are reasonably required
by Subservicer to service the Assets. If any such documents are not available and are required to
accurately service an Asset, Subservicer shall promptly notify Fannie Mae.

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     (b) Subservicer shall be responsible for all duties and obligations of Servicer in
connection with the Document Custodian and Custody Documents, other than the obligation of Fannie
Mae to pay fees and service charges of the Document Custodian, as provided in Section 2.7.
Subservicer shall comply with Applicable Requirements and follow all required procedures of
Document Custodian generally applicable to Servicers in requesting Custody Documents and otherwise
with respect to Custody Documents.

     (c) Subservicer shall send requests for Custody Documents directly to the Document
Custodian. Subservicer shall hold and maintain Custody Documents in its possession using the same
care and diligence it would give such documents related to mortgage loans it owns for its own
accounts, in trust for Fannie Mae and subject to Section 2.12.

     (d) Subservicer shall provide the Document Custodian with copies or originals of any
confirmations, agreements, assignments, documents, opinions, instructions, and information relating
to this Agreement or to the transactions and responsibilities contemplated hereby, as required by
Applicable Requirements or as Fannie Mae or Document Custodian may from time to time reasonably
request.

     (e) Subservicer shall monitor the performance of the Document Custodian with respect to
timely delivery of Mortgage Files and other key performance indicators as Fannie Mae may specify,
and promptly notify Fannie Mae upon discovery, or upon receipt of notice, of Document Custodian’s
failure to comply with the Guide or any performance requirements generally applicable to document
custodians.

     (f) If Fannie Mae decides to change the Document Custodian with respect to any Mortgage
Loan, Subservicer shall reasonably cooperate with Fannie Mae and use its best efforts to comply
with Fannie Mae’s instructions in connection therewith.

          Section 2.13 Advances

     Except as provided in subsections (a)-(g) of this Section 2.13, the obligations of
Subservicer pursuant to this Agreement shall include the obligation to make Advances on each
Mortgage Loan in the normal course of servicing and in accordance with the Servicing Agreement.
Subservicer shall be entitled to reimbursement of such Advances and,
notwithstanding anything to the contrary herein, pursue such reimbursements in accordance with
the Servicing Agreement.

     (a) Principal and Interest. Notwithstanding any requirements of the Servicing
Agreement to the contrary with respect to Advance requirements for “Scheduled/Actual” and
“Scheduled/Scheduled” remittances of principal and interest, Subservicer (i) shall not be obligated
to remit to Fannie Mae any amounts representing “scheduled” principal or interest payments that
have not been collected by Subservicer, and (ii) shall be obligated to remit Standard Remittances
at least two (2) Business Days prior to the applicable Draft Date by wire transfer to a separate
Fannie Mae trust account, designated from time to time by Fannie Mae. Fannie Mae and Subservicer
agree to negotiate in good faith and within 10 days of execution of this Agreement determine and
document ongoing responsibility for the payment of amounts of interest required to be paid to
Investor pursuant the Applicable Requirements due to shortfalls in

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interest collected as a result
of prepayments in full and partial prepayments/curtailments of Mortgage Loans.

     In addition to any required reporting obligations in the Servicing Agreement applicable to
remittance of principal and interest, Subservicer shall deliver to Fannie Mae or its designee
reports or loan level listings, in a format acceptable to Fannie Mae, containing the data and
within the time periods identified in Exhibit C-1 (“Data Dictionary”) to this Agreement (as
such Exhibit may be modified by Fannie Mae in writing from time to time with notice to
Subservicer).

     (b) Escrow/Corporate/Other. Not later than the fifth (5th) Business Day of each
calendar month, Subservicer shall deliver to Fannie Mae or its designee reports or loan level
listings of Eligible Corporate Advances, Eligible Escrow Advances, Guaranty Fee Advances, Excess
Yield Advances, and LPMI Advances, in a format acceptable to Fannie Mae, containing (i) the data
identified in Exhibit C-1 to this Agreement (as such Exhibit may be modified by Fannie Mae
in writing from time to time with notice to Subservicer) and (ii) the applicable information and
codes required by Fannie Mae Form 571 (Cash Disbursement Request). Upon receipt of such data and
other information, Fannie Mae and/or its designee will reconcile the same within five (5) Business
Days. If following any such reconciliation Fannie Mae determines that an amount is due and owing
by Fannie Mae to Subservicer, within one (1) Business Day such amount shall be reimbursed to
Subservicer by Fannie Mae, but in no event later than one (1) Business Day prior to the
18th day of the month. If, following any such reconciliation, or at any time, Fannie Mae
determines that an amount is due and owing by Subservicer to Fannie Mae, such amount shall be
reimbursed to Fannie Mae by Subservicer not later than three (3) Business Days after notification.
Subservicer shall deposit such amounts into an “Advance Recovery” or such other account as Fannie
Mae may establish and designate from time to time. For any amounts which cannot be reconciled,
Fannie Mae will reimburse Subservicer in the next reporting cycle following receipt from
Subservicer of data or information necessary to reconcile such amounts.

Subservicer shall also deliver to Fannie Mae or its designee the following information within ten
(10) days of the date of any reimbursement by Fannie Mae pursuant to this subsection, (i)
electronic and hard copies of T&I Custodial Account Analysis (Form 496a) as provided in the Guide,
and (ii) a report from the entity providing tax monitoring services with penalty and interest
information applicable to the Mortgage Loans. Subservicer shall also provide
reconciliations and supporting documentation (including sample invoices upon request) of general
ledger receivables applicable to Eligible Corporate Advances within forty five (45) days of the end
of each calendar quarter.

     (c) Reimbursement. If Subservicer collects or receives funds attributable to
Advances for which Subservicer has been reimbursed by Fannie Mae, Subservicer shall within two (2)
Business Days of receipt of such funds deposit all such amounts into an “Advance Recovery” or such
other account as Fannie Mae may establish and designate from time to time. Not later than two (2)
Business Days of the deposit of such funds, Subservicer shall generate and deliver to Fannie Mae or
its designee a record or report, in a format acceptable to Fannie Mae, (the “Recoveries File”)
itemizing all such amounts deposited into this “Advance Recovery” account including the applicable
information and codes required by Fannie Mae Form 571 (the “Cash Disbursement Request”).
Subservicer shall not have any right of offset or netting

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regarding such amounts. Claim payments
will be remitted via ACH to the Fannie Mae “Advance Recovery” account.

     (d) Additional Information. Notwithstanding the requirements for reimbursement of
Advances made by Subservicer as provided above, if Fannie Mae or its designee subsequently requires
electronic data, or other information or documentation not previously provided by Subservicer,
including invoices, to establish that Advances made by Subservicer are eligible for collection
pursuant to Applicable Requirements or to obtain reimbursement of such Advances from a third party,
Subservicer shall provide such materials within ten (10) Business Days of Fannie Mae’s request, and
Subservicer shall reimburse Fannie Mae for any such Advances made by Subservicer that Fannie Mae or
its designee is unable to collect due to a failure of Subservicer to provide such data, information
or documentation.

     (e) Prior Servicer. Notwithstanding the Applicable Requirements or any provision
of this Agreement to the contrary, Subservicer shall have no responsibility to advance any amounts
that were advanced by Prior Servicer as of the Transfer Date in connection with an Asset and in
accordance with Applicable Requirements, including, without limitation, principal, interest, taxes,
ground rents, assessments, insurance premiums and other costs, fees and expenses. Fannie Mae shall
be responsible for making any such advances based upon a detailed report in a form reasonably
acceptable to Fannie Mae, and upon request loan boarding information. Subservicer shall be
responsible for reconciliation of all Advances with the Prior Servicer as provided in Section
4.3(c).

     (f) Form 571. Notwithstanding as otherwise provided by Applicable Requirements and
the Fannie Mae Form 571 Reference Guide, Subservicer shall submit to Fannie Mae a Form 571 when a
Mortgage Loan has been liquidated and again, if applicable, upon disposition of an REO Property.
All Form 571 claims must be submitted to Fannie Mae within thirty (30) days of the Mortgage Loan
liquidation and/or REO Property sale date and must use Subservicer’s Fannie Mae seller/servicer
number associated with the applicable Asset. Supplemental Form 571 claims may be filed for a period
of ninety (90) days of the applicable liquidation or disposition date on any claim which has been
rejected or curtailed by Fannie Mae. Notwithstanding the foregoing, in the event there is good
faith dispute with regard to any Form 571 claim, the parties will work together to resolve the
dispute. Subservicer will post Form 571 claim payments to its system as non-cash transactions and
provide the itemized detail in the Data Dictionary. Advances for
which Fannie Mae has reimbursed Subservicer will be re-paid to Fannie Mae by Subservicer
within ninety (90) days of the liquidation or disposition date, as applicable. Advances on
curtailed Form 571 claims for which Fannie Mae has reimbursed Subservicer will be re-paid by
Subservicer to Fannie Mae within ninety (90) days of notice of curtailment, unless otherwise agreed
to by Fannie Mae. Advances on rejected Form 571 claims for which Fannie Mae has reimbursed
Subservicer will be re-paid by Subservicer to Fannie Mae within ninety (90) days of notice of
rejection. The failure by Subservicer to use proper Form 571 codes shall be cause for rejection of
the applicable claim.

     (g) Excess Servicing. Subservicer understands that certain of the Mortgage loans
may constitute SMBS Mortgage Loans as defined herein. Subservicer will deposit as soon as
practicable, but not later than the second Business Day after receipt by the Subservicer, that
portion of each borrower’s monthly payment on the SMBS Mortgage Loans that represents

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Excess Yield
in a custodial account to be established for the benefit of certificateholders in compliance with
the requirements set forth in Fannie Mae Forms 1013 and 1072 or as otherwise directed by Fannie Mae
(the “Excess Yield Custodial Account”). At least one (1) day prior to drafting (a “Fee Drafting
Date”) any Excess Yield from the Excess Yield Custodial Account, Fannie Mae will notify Subservicer
of the monthly aggregate Excess Yield amount (the “Excess Yield Remittance Amount”) which will be
drafted from the Excess Yield Custodial Account, and Subservicer has the obligation to make
advances to ensure that the Excess Yield Custodial Account contains the Excess Yield Remittance
Amount, even if such amounts have not been actually collected by Subservicer. The reported Excess
Yield Remittance Amount will be calculated on a 30/360 basis and will equal 30 days’ interest at
the applicable Excess Yield rate on the scheduled principal balance of each SMBS Mortgage Loan
after giving effect to (i) scheduled principal payments due on such SMBS Mortgage Loan during the
one-month due period ending on the first day of the calendar month immediately preceding the month
in which the Fee Drafting Date occurs and (ii) any unscheduled principal payments collected on such
SMBS Mortgage Loan during or prior to the calendar month second preceding the month in which the
Fee Drafting Date occurs. In addition, if a principal prepayment in full of a SMBS Mortgage Loan
that is received on the first day of a calendar month is treated by Fannie Mae for MBS purposes as
if received on the last day of the preceding month, it will be treated in the same fashion for
purposes of the preceding sentence. As provided in Section 2.13 (b), Subservicer shall be entitled
to reimbursement of all Excess Yield deposits made pursuant to this subsection which have not been
actually collected by Subservicer. In addition, Subservicer agrees to produce such other reports
and perform such functions as may be required to allow Purchaser and Subservicer to service such
SMBS Mortgage Loans in compliance with the documents governing such SMBS Mortgage Loans.

          Section 2.14 Loan Performance Advisor

     Subservicer shall cooperate with Fannie Mae’s loan performance advisor or other third-party
surveillance consultant, if any. As applicable, immediately following the Transfer Date,
Subservicer shall provide such advisor or consultant with the final transfer tape, including all
information necessary to interpret or define the transfer tape data provided, as received from the
Prior Servicer.

          Section 2.15 Power of Attorney

     Fannie Mae may elect to furnish Subservicer with such powers of attorney as are necessary or
appropriate and with such other documents as are necessary or appropriate to enable Subservicer to
carry out its servicing and administrative duties under this Agreement.

ARTICLE III

COMPENSATION; AMOUNTS DUE SUBSERVICER AND FANNIE MAE

          Section 3.1 Subservicing Fees.

     As compensation for its services hereunder, Subservicer shall be paid the fees set forth and
as calculated on the applicable Subservicing Appendix. The Subservicing Fees shall be

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payable to Subservicer in accordance with Section 3.3. Subservicer shall not pledge, assign,
transfer, or encumber its rights to any interest in the Subservicing Fees.

          Section 3.2 Other Payments to Subservicer.

     (a) Subservicer may assess, collect and retain Ancillary Fees that comply with Applicable
Requirements and are otherwise acceptable to Fannie Mae. Attached hereto as Exhibit E is a
list of the maximum amount, if any, Subservicer may assess with respect to any Ancillary Fees.
Fannie Mae, upon written request, will consider in good faith any changes to Exhibit E
proposed by Subservicer.

     (b) In addition to Subservicing Fees set forth on the applicable Subservicing Appendix,
Subservicer will be eligible to receive from Fannie Mae any other incentives paid to servicers for
Mortgage Loan workouts as provided in the Guide for work that is performed by the Subservicer or
its agents. These servicing incentives and the process by which such incentives are paid are
published in the Guide and amended from time to time in Lender Announcements or Lender Letters, but
may be subject to reduction by Fannie Mae following procedures customarily used by Fannie Mae in
connection with its purchase of Servicing Rights from servicers and placement of servicing with
subservicers, to reasonable allocate such amounts to a Prior Servicer based on its activities prior
to the subservicing Transfer Date;

     (c) Subservicer shall be entitled to retain all Float Benefit, subject to Subservicer’s
obligation to pay interest on Escrow Funds to the extent interest with respect thereto is required
to be paid under the Applicable Requirements for the benefit of Borrowers under the Mortgage Loans.

          Section 3.3 Payments.

     (a) Unless otherwise agreed in writing, Fannie Mae shall pay the Subservicing Fees to
Subservicer within thirty five (35) days following receipt of an invoice therefor, accompanied by a
report detailing the calculation of the Subservicing Fees, in a form mutually agreed to by the
Parties, on or before the seventh (7th) Business Day of each month, for the current calendar month
for which such fees are being earned, and Subservicer shall not have any right of offset or netting
regarding such amounts.

     (b) Subservicer may retain or withdraw from the Custodial Accounts or Escrow Accounts, as
applicable, Float Benefit and Ancillary Fees as permitted for a servicer pursuant to Applicable
Requirements, and with respect to the Float Benefit related to the Escrow Account, subject to
Subservicer’s obligation to pay interest on escrowed funds to the extent interest with respect
thereto is required to be paid under the Applicable Requirements for the benefit of Borrowers under
the Mortgage Loans.

     (c) At Fannie Mae’s discretion, either (i) Fannie Mae will withdraw the Servicing Fees
from the Custodian Account via ACH or (ii) Subservicer shall withdraw the Servicing Fees from the
Custodial Account and remit them to Fannie Mae by wire transfer of immediately available funds.
Subservicer shall deliver a report detailing the calculation of the Servicing Fees, on or before
the seventh (7th) Business Day of each month, for the preceding calendar month, and Subservicer
shall not have any right of offset or netting regarding such amounts.

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     (d) Unless otherwise agreed in writing, Fannie Mae shall pay certain expenses and other
amounts advanced by Subservicer which are subject to reimbursement pursuant to this Agreement
within thirty five (35) days following receipt of an invoice therefor, accompanied by a report
detailing the amounts due, in a form mutually agreed to by the Parties, on or before the seventh
(7th) Business Day of each month, for the preceding calendar month, and Subservicer shall not have
any right of offset or netting regarding such amounts.

ARTICLE IV

TRANSITIONAL RESPONSIBILITIES OF SUBSERVICER

          Section 4.1 Possession of Servicing Files and Records.

     In coordination with Fannie Mae, Subservicer shall take possession of all Servicing Files and
loan records for all Assets to enable Subservicer to service the Assets on behalf of Fannie Mae in
compliance with the Servicing Agreement.

          Section 4.2 Custodial Accounts.

     Prior to the Transfer Date, Subservicer shall establish new Custodial Accounts and Escrow
Accounts in accordance with Applicable Requirements and as required by Fannie Mae. Subservicer
shall execute new 1013, 1014 and 1072 forms, reflecting its role as subservicer.
Subservicer shall use its best efforts to obtain from the Prior Servicer all funds that were
held by the Prior Servicer in existing P&I and T&I custodial accounts, as well as all interest due
to the Borrowers on such accounts from the Prior Servicer through the Transfer Date, and deposit
such funds into the appropriate newly established custodial accounts. Subservicer will advise
Fannie Mae if the Prior Servicer does not send the funds from the existing Custodial Accounts and
Escrow Accounts within three (3) Business Days following the Transfer Date. Subservicer shall
reconcile such accounts in accordance with Section 4.3(d) (iii).

          Section 4.3 Subservicer’s Review of Certain Items.

     (a) On or prior to the Transfer Date and at its own cost, Subservicer shall, in accordance
with Subservicer’s policies and procedures as supplemented by direction from Fannie Mae, conduct a
pre-boarding review based on the Pre-Boarding File (a “Pre-Boarding Review”). Also, Fannie Mae
shall cause the Prior Servicer to transfer to Subservicer the Servicing Files and/or servicing
records necessary with respect to each of the Assets.

     (b) Subservicer shall assist Fannie Mae with any specific pre-transfer or post-transfer
due diligence on the Assets including a review and report of information needed by Fannie Mae,
which information may include a review to confirm Subservicer’s receipt of (x) loan data tapes
sufficient to allow Subservicer to service such Mortgage Loans pursuant to the Applicable
Requirements, Escrow Funds and Custodial Funds; (y) the trailing Custody Documents, Mortgages,
Assignments of Mortgage (if applicable), final title policies, and completion of designated
changes in the eNote registry; and (z) all electronic and paper records containing (i) data
customarily required by mortgage servicers that is reasonably available to Subservicer, (ii)
accounting books and records related to the Assets, including invoices to support all Advances,

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and
(iii) workout files, Servicing Files, bankruptcy and foreclosure documentation and collection
notes;

     (c) Within eight (8) Business Days from receipt of the information contained in the
Transfer Instructions necessary to accomplish the following, the Subservicer, by working closely
with the Prior Servicer will reconcile with the Prior Servicer and then will report to Fannie Mae
all items necessary to (i) bring all Custodial Accounts into full compliance with the Guide, (ii)
pay to the Prior Servicer for all recoverable legacy Advances, and (iii) determine the amount
Fannie Mae will fund the Prior Servicer for the remittance due for month following the Transfer
Date. Subservicer shall provide Fannie Mae with a detailed reconciliation of all Advance balances
as of the Transfer Date in a format reasonably acceptable to Fannie Mae.

     (d) Within twenty (20) days from receipt or such earlier time as Fannie Mae may request,
Subservicer shall conduct a review to (i) ensure that a Servicing File exists on every Asset; (ii)
confirm its receipt of all items scheduled to be delivered pursuant to the Transfer Instructions
including but not limited to, all of the hard copies or images of the Custody Documents that were
in Seller’s possession, loan data tapes, Escrow Funds, and Custodial Funds; and (iii) confirm its
receipt of substantially all electronic and paper files containing (A) other data customarily
required by Subservicer, (B) accounting books and records related to the
Mortgage Loans, and (C) workout files, Servicing Files, bankruptcy and other Foreclosure
documentation, and collection notes.

     (e) Except as otherwise specified below or otherwise agreed in writing, within sixty (60)
days of the Transfer Date, Subservicer shall exercise reasonable diligence to:

     (i) Subservicer shall (i) review the Pre-Boarding File and identify any inaccurate,
incomplete, or missing data, information, or documents; (ii) review no less than a one
percent (1.0%) sample of the Servicing Files to ensure that each such Servicing File
contains industry standard information and related documents (i.e., loan histories,
collection notes, origination documents, and the like) and (ii) notify Fannie Mae and Prior
Servicer promptly, in writing, of any information or documents that Subservicer did not
receive or which were inaccurate or incomplete Servicing Files, or missing documents or
data from such Servicing Files or Pre-Boarding Files.

     (ii) Subservicer and Prior Servicer shall discuss the location of the Custody
Documents. Subservicer shall note whether Custody Documents are (i) missing, (ii) present
and an original documents, and (iii) present and copies Custody Documents. If requested,
Subservicer shall provide Fannie Mae with an estimate of cost to obtain, on a project basis,
any missing information or documents. Subject to Fannie Mae’s prior written approval,
Subservicer shall be permitted to hire a third-party vendor at Fannie Mae’s expense to
perform the duties and fulfill the obligations described in this subsection. Fannie Mae
may, in its discretion, authorize or waive the project or any portion thereof, or instruct
Subservicer to obtain the missing required document only when it is deemed necessary to
perform a servicing function. Subservicer will cooperate with Fannie Mae regarding its need
to know about any documentation or information contained in the Servicing Files including
copies of Custody Documents;

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     (iii) as required by Applicable Requirements, perform an escrow analysis on each
Mortgage Loan for which escrow deposits are required and adjust such escrow deposits as
required by such analysis in accordance with Applicable Requirements;

     (iv) receive additional documents and information from the Prior Servicer based on
exceptions reported to Fannie Mae by Subservicer or the Document Custodian. Upon
Subservicer’s receipt of those items, Subservicer shall use its best efforts to validate the
soundness and accuracy of such items and, if necessary, send further instructions to the
Prior Servicer and inform Fannie Mae of such continued exceptions. Subservicer shall report
the resolution of any outstanding exceptions to Fannie Mae. Subservicer shall expeditiously
review, copy, and then send to the Document Custodian, any Custody Documents delivered to it
post transfer that needs to be retained in its original form.

     (f) If and to the extent that Subservicer actually knows or, at any time hereafter,
discovers or determines that any past practices of a Prior Servicer are or were, or result in
Subservicer being, not in compliance with the Applicable Requirements, Subservicer will, as
promptly as practicable under the circumstances, provide written notice to Fannie Mae of such
noncompliance and take appropriate corrective action intended to eliminate or minimize the risk
of such noncompliance. Fannie Mae will reimburse Subservicer for out-of-pocket costs
necessary for such corrective action. Subservicer shall work with the Prior Servicer to resolve
those material issues.

          Section 4.4 Mortgagor Notices.

     Subservicer shall notify Borrowers of the transfer of servicing from the Prior Servicer to
Subservicer, which notice shall meet the notice and timing requirements for transfers of servicing
imposed by the Real Estate Settlement and Procedures Act (“RESPA”), 12 U.S.C.A. § 2605, as amended,
and all regulations promulgated thereunder. The transfer of servicing shall also comply with
Applicable Requirements.

          Section 4.5 Third-Party Notices.

     Fannie Mae and Subservicer acknowledge that it is the duty of the Prior Servicer to notify the
third parties listed in Part I, Section 205.05 of the Guide of the transfer of servicing of the
Mortgage Loans. Subservicer shall monitor Prior Servicer’s compliance with this duty and, to the
extent Subservicer learns that Prior Servicer has failed to deliver such notices, Subservicer
shall, as soon as practicably possible, notify Fannie Mae of such failure and provide any such
third-party notices at Fannie Mae’s expense.

          Section 4.6 Assignments.

     Upon the request of Fannie Mae, Subservicer shall promptly prepare and deliver to the
appropriate assignor, for execution, recordable assignments to MERS. If there are intervening
assignments between the originating lender and the Prior Servicer that have not been recorded, upon
the request of Fannie Mae Subservicer will exercise diligence in an attempt to obtain and record
all such intervening assignments from the appropriate assignor. Subservicer must record

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executed assignments within 30 days of receipt. Fannie Mae will be responsible for all
reasonable out of pocket costs and expenses associated with obtaining such assignments.

          Section 4.7 MERS.

     Upon request of Fannie Mae, for each Mortgage Loan registered with MERS, Subservicer shall
work with Prior Subservicer to notify MERS of Subservicer’s status as subservicer and Fannie Mae’s
status as Servicer and otherwise comply with all requirements of MERS to be properly identified as
the subservicer of each Mortgage Loan at Fannie Mae’s expense.

          Section 4.8 Forced Place Insurance.

     Subservicer shall maintain hazard insurance for each Mortgage Property. On the Transfer Date,
if Subservicer cannot determine whether hazard insurance is in place with respect to a Mortgage
Property, Subservicer shall secure lender-placed hazard insurance for the benefit of the Borrower
and Fannie Mae, until such time as Subservicer confirms that permanent hazard insurance is in place
for each such Mortgage Property.

          Section 4.9 Transfer-Related Costs and Expenses.

     Fannie Mae shall reimburse Subservicer for reasonable, necessary and agreed upon costs, on a
prior approval basis, in connection with the initial set up and transfer of the Assets to
Subservicer’s servicing systems. Such costs and expenses include but are not limited to:

     (a) Advances paid to the Prior Servicer to reimburse the Prior Servicer for amounts
outstanding as of the Transfer Date.

     (b) Recording fees relating to the recordation of assignments, including intervening
assignments as needed.

     (c) Fees assessed by MERS for the registration or transfer of any Mortgage Loans which are on
MERS system, including any transfer-related MERS fees if not completed by the Prior Servicer.

     (d) Any extraordinary expenses reasonably and necessarily incurred in the fulfillment of this
Agreement, provided that Subservicer obtains Fannie Mae’s written approval before incurring such
expenses.

          Section 4.10 Transfer Instructions.

     In connection with the transfer of the Servicing functions from Prior Servicer to Subservicer
pursuant to this Agreement, Subservicer shall provide reasonable servicing transfer instructions to
Prior Servicer, take all steps necessary and appropriate to effectuate and evidence the transfer of
the servicing for the related Assets, and generally cooperate with Prior Servicer in connection
with such transfer. Subservicer shall timely notify Fannie Mae of any issues or concerns in
working directly with the Prior Servicer.

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          Section 4.11 Private Mortgage Insurance.

     Subservicer shall provide each private mortgage Insurer, for which Subservicer is notified
that private mortgage insurance exists with respect to any loan, with the following notice promptly
after the Transfer Date, unless otherwise handled by the Prior Servicer, noting the transfer to
Subservicer: “Please be advised that the servicing for the loans insured by <insert name of
insurer> and listed on attached Exhibit A has been transferred. Notwithstanding such transfer,
<insert name of Subservicer> will be responsible for performing the servicing
functions for these loans, including all remittances and communications required to be provided to
you, and all communications regarding the loans and related insurance should be directed to
<insert name of Subservicer>. Please amend your records to reflect that Fannie Mae,
as the owner of these loans, is the Insured under the Policy.”

ARTICLE V

REPRESENTATIONS AND WARRANTIES

          Section 5.1 Representations and Warranties of Subservicer.

     Subservicer hereby makes the following representations and warranties as of the date of this
Agreement:

     (a) Due Organization and Good Standing. Subservicer is a limited liability company
duly organized, validly existing, and in good standing under the laws of the State of Delaware.
Subservicer meets all of the eligibility requirements under the Servicing Agreement and is a Fannie
Mae-approved “Seller/Servicer;”

     (b) Authority and Capacity. Subservicer has all requisite organizational power,
authority and capacity to carry on its business as it is now being conducted, to execute and
deliver this Agreement, and to perform all of its obligations hereunder. Subservicer does not
believe, nor does it have any cause or reason to believe, that it cannot perform each and every
covenant contained in this Agreement;

     (c) Effective Agreement. The execution, delivery and performance of this Agreement by
Subservicer and consummation of the transactions contemplated hereunder have been or will be duly
and validly authorized by all necessary organizational or other action; this Agreement is a valid
and legally binding agreement of Subservicer enforceable against Subservicer in accordance with its
terms, subject to bankruptcy, insolvency and similar laws affecting generally the enforcement of
creditors’ rights and the discretion of a court to grant specific performance;

     (d) No Conflict. Neither the execution and delivery of this Agreement nor the
consummation of the transactions contemplated hereby, nor compliance with its terms and conditions,
shall (a) violate, conflict with, result in the breach of, constitute a default under, be
prohibited by, or require any additional approval under any of the terms, conditions or provisions
of the articles of incorporation, by-laws or other organizational documents of Subservicer, as

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applicable, or of any mortgage, indenture, deed of trust, loan or credit agreement or other
agreement or instrument to which Subservicer is a party or by which Subservicer is bound, or of any
law, ordinance, rule or regulation of any governmental authority applicable to Subservicer, or of
any order, judgment or decree of any court or governmental authority applicable to Subservicer, or
(b) result in the creation or imposition of any lien, charge or encumbrance of any nature upon the
Servicing Rights or the properties or assets of Subservicer;

     (e) Consents, Approvals and Compliance. Subservicer has in full force and effect
(without notice of possible suspension, revocation or impairment) all licenses, approvals, permits,
and other authorizations required under Applicable Requirements to service the Assets. Any
requisite consents or approvals of other Persons to the execution and delivery of this Agreement,
or the performance of the transactions contemplated hereby by Subservicer, have been or will be
obtained prior to the Transfer Date or such other earlier or later date as expressly provided
herein. Subservicer is approved and in good standing with Fannie Mae and each applicable Insurer.
Subservicer has complied with, and is not in default under, any law, ordinance, requirement,
regulation, rule, or order applicable to its business or properties, the violation of which might
materially and adversely affect the operations or financial condition of Subservicer or its ability
to perform its obligations hereunder;

     (f) Ordinary Course of Business. The transactions contemplated by this Agreement are
in the ordinary course of business of Subservicer.

     (g) Litigation. There is no Action existing or pending, or to the best of
Subservicer’s knowledge, threatened, or any order, injunction or decree outstanding, against or
relating to Subservicer that could have a material adverse effect upon: (i) the Servicing Rights or
Assets to be subserviced by Subservicer hereunder; (ii) the performance by Subservicer of its
obligations under the Servicing Agreement; or (iii) the performance by Subservicer of its
obligations under this Agreement.

     (h) Authority of Subservicer. Subservicer’s execution (and the delivery) of this
Agreement has been (i) specifically approved by the Board of Directors of Subservicer, and such
approval is reflected in the minutes of the meetings of such Board of Directors, or (ii) approved
by an officer of Subservicer, who was duly authorized by the Board of Directors to enter into such
types of transactions and such authorization is reflected in the minutes of the meetings of the
Board of Directors. This Agreement constitutes a “written agreement” of Subservicer, and
Subservicer shall continuously maintain such “written agreement” as an official record of
Subservicer (or any successor thereto).

     (i) Insurance. Subservicer has in full force and effect all insurance required of a
servicer pursuant to Applicable Requirements, and as necessary to perform its obligations hereunder
and in accordance with Applicable Requirements.

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ARTICLE VI

COVENANTS

          Section 6.1 Subservicer’s General Covenants.

     (a) Compliance with Applicable Requirements. Subservicer shall comply with all terms,
covenants and obligations and satisfy all eligibility criteria applicable to a Fannie Mae-approved
Seller/Servicer pursuant to the Servicing Agreement and Applicable Requirements. Subservicer shall
at all times conduct its general business and servicing activities in accordance with Applicable
Requirements.

     (b) Notification of Certain Events. Subservicer shall promptly notify Fannie Mae by
sending an e-mail to [specialservicernonroutine_litigation@fanniemae.com] or by such other means as
may be reasonably requested by Fannie Mae, but no less than within ten (10) days of its receipt or
knowledge thereof, provided that if it is necessary to answer or respond to any event or matter or
take any other action within a shorter timeframe in order to properly defend the claim or Action or
reduce the amount or likelihood of Losses Subservicer shall provide earlier notice thereof, of any
(i) notice Subservicer receives by or on behalf of any Borrower of a possible lawsuit or actual
lawsuit directly or indirectly related to the Assets or Servicing Rights; (ii) denial of any
insurance claim involving the Assets or Servicing Rights; (iii) deficiency in the prior origination
or servicing of the Mortgage Loans discovered by Subservicer, including, but not limited to,
violations of Applicable Requirements; (iv) other action, event or condition of any nature that may
lead to or result in a material adverse effect upon the Assets or Servicing Rights, or the
performance by Subservicer of any of its obligations under this Agreement; and (v) other action,
event or condition of any nature that requires notice to Fannie Mae according to the Applicable
Requirements.

     (c) Compliance Certificates. Subservicer shall deliver to Fannie Mae, on or before
March 31 of each calendar year, beginning March 31, 2011, an officer’s certificate stating that:

     (i) a review of Subservicer’s activities during the preceding calendar year and of
Subservicer’s performance under this Agreement has been made under such officer’s
supervision; and

     (ii) to the best of such officer’s knowledge, based upon such review, Subservicer has
fulfilled all its obligations under this Agreement throughout such calendar year, or, if
there has been a default in the fulfillment of any such obligation, specifying each such
default known to such officer and the nature and status thereof and the action Subservicer
has taken and/or will take to cure such default.

     (d) Accountant’s Attestation. On or before March 31 of each year, beginning March 32,
2011, Subservicer at its expense shall cause a nationally recognized independent public accounting
firm to furnish a statement to Fannie Mae to the effect that such firm has, with respect to
Subservicer’s overall servicing operations, performed applicable tests in accordance with the
Uniform Single Audit Program for Mortgage Bankers, and stating such firm’s conclusions relating
thereto.

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     (e) Payment of Indebtedness. Subservicer shall pay and discharge all of Subservicer’s
debts and obligations timely and in accordance with their respective terms, unless the payment or
discharge thereof is disputed in good faith by Subservicer.

     (f) Notice of Breach. Subservicer shall immediately notify Fannie Mae of any material
failure or, to the best of Subservicer’s knowledge, any anticipated material failure on its part to
observe and perform any representation, warranty, covenant or agreement required to be observed or
performed by it hereunder.

     (g) Cooperation. Recognizing that Fannie Mae is the owner of the Servicing Rights and
Fannie Mae is the owner of the Assets, and subject to the other obligations of Fannie Mae hereunder
and under the Servicing Agreement, Subservicer will during the term of this Agreement cooperate
fully with the employees, agents and representatives of Fannie Mae and ensure that Subservicer’s
employees, agents and representatives also cooperate with such persons.

     (h) Disaster Recovery. Subservicer shall provide business continuity, disaster
recovery, and backup capabilities and facilities, through which Subservicer will be able to perform
its obligations hereunder with minimal disruptions or delays and meet all Applicable Requirements.
Upon request, Subservicer shall provide to Fannie Mae copies of its written business continuity,
disaster recovery, and backup plan(s). Subservicer will have, at a minimum, a secured backup site
containing all hardware, software, communications equipment, and current copies of data and files
necessary to perform Subservicer’s obligations hereunder. Transfer to the backup site shall occur
within 24 hour(s) after system failure or other event that prevents Subservicer from operating as
usual at its primary site. Subservicer shall test said plan(s) at commercially reasonable
intervals, not less frequently than every 12 months or less frequently than required by Applicable
Requirements or the requirements of Subservicer’s principal regulators, and shall provide Fannie
Mae the results of said testing promptly thereafter. Subservicer may utilize third parties
contracted by Subservicer to provide the foregoing.

     (i) Staff and Facilities. Subservicer will provide and supervise such well-trained
and qualified personnel as are reasonably necessary to carry out Subservicer’s obligations under
this Agreement.

          Section 6.2 Location of Subservicing.

     Subservicer shall not, without Fannie Mae’s prior written consent or as otherwise permitted
under the SRA, perform any of its servicing obligations under this Agreement outside the United
States, or delegate or outsource any of such obligations to any Person that performs such
obligations outside the United States, or permit the books, data or records of Subservicer
(including any NPI) to be located outside the United States.

          Section 6.3 Pilot Programs.

     Upon Fannie Mae’s reasonable request, Subservicer will participate in pilot programs designed
or implemented by Fannie Mae with respect to a selection of Mortgage Loans (for example, a credit
coaching pilot or a foreclosure prevention initiative). If any such pilot

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programs impose additional costs or expenses upon Subservicer, Fannie Mae and Subservicer
shall discuss appropriate reimbursement of such costs and expenses on a per-pilot basis.

ARTICLE VII

CONFIDENTIALITY AND PROTECTION OF RECORDS

          Section 7.1 Confidential Information

     (a) If a Party (the “Receiving Party”) obtains access to Confidential Information (as defined
below) of the other Party (the “Disclosing Party”) in connection with the negotiation of or
performance under this Agreement, the Receiving Party agrees: (i) not to directly or indirectly
disclose the Confidential Information to any third party without the Disclosing Party’s prior
written consent, except (x) as specifically contemplated by this Agreement or (y) to third parties
who have a need to know such Confidential Information in connection with the performance of
services under this Agreement, and who are under an obligation to keep the disclosed information
confidential, and provided that the Disclosing Party is responsible for the acts of the third
parties in relation to the Confidential Information; and (ii) to use the Confidential Information
only as reasonably necessary to perform its obligations under this Agreement.

     (b) “Confidential Information” means: (i) all information about or belonging to the Disclosing
Party or a third party that is disclosed or otherwise becomes known to the Receiving Party in
connection with this Agreement that is marked with a restrictive legend or otherwise identified as
confidential at the time of initial disclosure, or, if not marked or otherwise identified, that a
person in the mortgage servicing industry would reasonably understand to be confidential; (ii) all
trade secrets, customer information and intellectual property owned or licensed by the Disclosing
Party; and (iii) all personal information about individuals contained in the Disclosing Party’s
records, or that is disclosed to or otherwise becomes known to the Receiving Party in connection
with this Agreement (including, by way of example and without limitation, names, addresses,
telephone numbers, social security numbers, drivers’ license numbers, credit card, debit card and
other financial account numbers, payroll and other financial information, employee identification
numbers and health information) (collectively, “NPI”).

     (c) As between Subservicer and Fannie Mae, all Confidential Information belonging or relating
to any Borrower or Fannie Mae, including NPI obtained from Fannie Mae or in Fannie Mae’s
possession, and information regarding Fannie Mae’s business, processes, policies, procedures,
practices, personnel or customers, provided or made available to Subservicer by Fannie Mae will be
deemed to be Fannie Mae Confidential Information for purposes of this Agreement.

     (d) The Receiving Party will use at least the same degree of care to protect the Confidential
Information of the Disclosing Party from unauthorized disclosure or access that the Receiving Party
uses to protect its own Confidential Information, but not less than due care as practiced in the
mortgage servicing industry. The Receiving Party will immediately notify the Disclosing Party of
any actual or suspected loss or unauthorized use, disclosure of or access to the Disclosing Party’s
Confidential Information of which it becomes aware and take all steps reasonably requested by the
Disclosing Party to limit, stop or otherwise prevent such loss or unauthorized use, disclosure or
access.

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     (e) Information of the Disclosing Party will not be considered Confidential Information if it:
(i) was previously rightfully known by the Receiving Party free of any obligation to keep it
confidential; (ii) is or becomes publicly known through no wrongful act of the Receiving Party;
(iii) is independently developed by the Receiving Party without reference to the Confidential
Information of the Disclosing Party; or (iv) is subject to disclosure pursuant to a subpoena,
judicial or governmental requirement or order, provided that the Receiving Party has given the
Disclosing Party sufficient prior notice of such subpoena, requirement or order to permit the
Disclosing Party a reasonable opportunity to object to the subpoena, requirement or order and to
allow the Disclosing Party the opportunity to seek a protective order or other appropriate remedy,
if possible. Notwithstanding the foregoing, NPI shall be considered Confidential Information at
all times for all purposes.

     (f) To the extent that Subservicer has access to Fannie Mae’s records (including records
containing Confidential Information), Subservicer agrees to maintain, and to ensure that all of its
subcontractors and agents maintain, appropriate measures to protect the security, confidentiality
and integrity of such records as provided in this Article VII, including measures to protect
against the unauthorized use, access, destruction, loss or alteration of such records.

     (g) Fannie Mae and Subservicer will obtain the other’s prior written consent before publicly
using any advertising, written sales promotion, press releases, references to this Agreement, or
other publicity matters relating to this Agreement or in which the other’s name is used or may
reasonably be inferred. Notwithstanding the foregoing, Fannie Mae and Subservicer may include the
other’s name and a factual description of the work performed under this Agreement in internal
business planning documents and whenever necessary to comply with GAAP or applicable laws. The
specific terms of this Agreement will be treated as the Confidential Information of both Parties,
which may be disclosed by a Party only to the extent reasonably necessary, (i) to Governmental
Authorities with authority over such Party, and such Party’s legal, accounting and financial
advisors, and (ii) to subcontractors or other third parties that will be providing services in
connection with this Agreement and who are under an obligation to protect the confidentiality of
the Confidential Information.

     (h) In furtherance, and not in limitation, of the foregoing, the Parties agree to the specific
obligations and restrictions set forth in Sections 7.2 — 7.4 below.

          Section 7.2 Risk Review Process; Information Security

     (a) Risk Review Process. Fannie Mae from time to time may perform risk assessments
relating to Subservicer in connection with this Agreement and Applicable Requirements.

     (b) Information Security Standards and Procedures.

     (i) Subservicer will transfer to Fannie Mae and any third party performing or receiving
services that are incidental to this Agreement only that NPI which it is necessary to
transfer in order to fully perform such services, and such transfers will be in accordance
with the applicable provisions of Section 7.3.

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     (ii) Subservicer will implement and maintain policies, procedures and programs to
manage system, privacy, network and data security, to include vulnerability/patch
management, antivirus scanning, management of physical computing assets and configuration of
network security hardware (collectively, “IT Security Risk Management Policies”).
Subservicer’s IT Security Risk Management Policies will meet or exceed industry standards
and Fannie Mae may review Subservicer’s IT Security Risk Management Policies. It is not
contemplated that Subservicer will store, transmit, or process payment card account numbers
or authentication data in connection with the services provided pursuant to this Agreement,
but if Subservicer does so in the future, Subservicer will comply with applicable Payment
Card Industry Data Security Standards (PCI DSS), or such other standards as the Parties may
mutually agree to at the time. Subservicer may utilize third parties contracted by
Subservicer to assist in its implementation and compliance with the foregoing.

     (iii) The effectiveness of Subservicer’s IT Security Risk Management Policies will be
validated by Subservicer by means of independent assessment in a form common in the industry
(an “Independent Security Assessment”), at least once during each calendar year during the
term of this Agreement, starting with the first calendar year in which Subservicer has
performed servicing for at least six months. All Independent Security Assessments will
include network perimeter penetration testing. In the event that an application is hosted
by Subservicer and made available to any party on the Internet in connection with this
Agreement, the Independent Security Assessment will also include application security
testing. Subservicer will provide Fannie Mae with a copy or summary of its Independent
Security Assessment within 45 days of its receipt of the Independent Security Assessment.
Subservicer will promptly remedy or implement compensating controls for any adverse findings
or vulnerabilities noted in an Independent Security Assessment to Fannie Mae’s reasonable
satisfaction.

     (iv) Subservicer will provide such information and reports regarding the operational
risks relating to Subservicer’s use of technology in connection with this Agreement, and
periodic reports regarding Subservicer’s compliance with this Section 7.2, as may be
reasonably requested from time to time by Fannie Mae.

     (c) Breach. Without limiting the applicability of any other remedies for breach of
this Agreement as provided herein, Subservicer specifically acknowledges and agrees that any of the
following will constitute a breach of this Agreement in respect of which Fannie Mae may exercise
its termination and other rights and remedies as provided in Section 10.3: (i) Subservicer fails
to participate in the Risk Review Process; or (ii) any adverse findings or vulnerabilities
identified during the Risk Review Process or noted in an Independent Security Assessment are not
remedied within a commercially reasonable time period.

          Section 7.3 Privacy

     (a) The Parties acknowledges that Fannie Mae and Subservicer are or may be subject to U.S.
and/or international laws governing the privacy, confidentiality, processing and movement of NPI
provided or made accessible to them in connection with this Agreement (collectively, the “Privacy
Laws”).

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     (b) Each Party will perform its obligations under this Agreement in a manner that complies
with all applicable Privacy Laws relating to the collection, use, processing, storage, protection,
disclosure, and destruction of NPI and with all Fannie Mae data protection and privacy policies
provided by Fannie Mae to Subservicer from time to time. In addition, Subservicer will perform its
obligations under this Agreement in a manner that complies with all Subservicer data protection and
privacy policies in place, as the same may be updated from time to time.

     (c) Neither Party will knowingly take any action that puts the other Party in breach of its
obligations under the Privacy Laws and nothing in this Agreement will be deemed to prevent a Party
from taking the steps it reasonably deems necessary to comply with the Privacy Laws.

     (d) Subservicer is prohibited from disclosing, directly or indirectly, intentionally or
negligently, to any affiliate or third party, any NPI, unless: (i) Fannie Mae gives specific
consent prior to the disclosure of the information; (ii) the disclosure is specifically
contemplated by this Agreement; or (iii) the disclosure is required in order to fully perform any
services under this Agreement.

     (e) Subservicer represents that it has and covenants that it will continue to have
administrative, technical, and physical safeguards reasonably designed: (i) to ensure the security
and confidentiality of NPI; (ii) to protect against any anticipated threats or hazards to the
security or integrity of NPI; and (iii) to protect against unauthorized acquisition of, access to
or use of NPI which could result in a “breach” (as that term is defined under applicable Privacy
Laws) or substantial harm to Fannie Mae, any Fannie Mae employee or customer, or any individual
about whom Fannie Mae has or collects financial and other information, including, but not limited
to, any Borrower. As necessary for Fannie Mae to meet its own reporting and compliance
requirements, Fannie Mae will have the right to request and receive annual certifications from
Subservicer regarding Subservicer’s compliance with the Privacy Laws and Fannie Mae policies.

     (f) If Fannie Mae reasonably believes that the provisions of this Section 7.3 may have been
breached, then, subject to Subservicer’s reasonable security restrictions and upon reasonable
notice, Fannie Mae and its representatives will have access to Subservicer personnel, books, files
and affairs relating to this Agreement and the services performed by Subservicer hereunder during
normal business hours at Subservicer’s offices as is reasonably necessary for Fannie Mae to obtain
all information concerning compliance by Subservicer with this Section 7.3.

          Section 7.4 Duties and Responsibilities in the Case of a Breach

     (a) In the event that either Party becomes aware of an intrusion or other security breach that
results in the loss, or unauthorized use, disclosure, or acquisition of, or access to the other
Party’s Confidential Information (each, an “Incident”), such Party will notify the other promptly
upon discovering the Incident. Notice will be in writing and sent to each of the individuals
identified for notice purposes in this Agreement and, in the case of an Incident involving Fannie
Mae Confidential Information, via email to privacy_working_group@fanniemae.com and to
technology_risk_management@fanniemae.com.

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     (b) The notifying Party will cooperate with all requests for information and access to such
Party’s premises by the other Party with respect to such other Party’s Confidential Information,
including all applicable technology, wherever located. The notifying Party will also cooperate
with government agencies and law enforcement entities as may be required. In the case of an
Incident involving Fannie Mae Confidential Information or any other NPI, Fannie Mae will have the
sole right to decide whether it will conduct its own investigation, investigate the Incident
together with Subservicer, or allow Subservicer to lead the investigation.

     (c) If a Party reasonably determines that affected individuals must be notified of the
Incident, and the Incident was due to the other Party’s breach of its obligations under this
Agreement, the Party in breach will pay for all reasonable expenses related to the investigation of
the Incident, the cost of the notifications, the cost of credit monitoring services, and other
customary remediation costs, including the other Party’s reasonable legal expenses, and any fines
imposed by any Governmental Authority.

     (d) The Parties will reasonably cooperate to limit, stop, prevent or remediate any such loss
or misuse of Confidential Information, including NPI.

ARTICLE VIII

AUDITS AND RECORDS

     Subservicer will provide Fannie Mae with commercially reasonable assistance in meeting its
Audit requirements as set forth in this Article. This Article specifically supersedes any audit
provisions to the contrary in the Servicing Agreement.

          Section 8.1 Audit Rights

     (a) Subject to Section 8.1(b), Fannie Mae and its agents, auditors (internal and external),
other representatives and Governmental Authorities as Fannie Mae may designate in writing
(collectively, “Auditors”) will have the right to inspect, examine and audit the systems, records,
data, practices and procedures of Subservicer (and any of its affiliates or subcontractors) that
are used in performing Subservicer’s obligations under this Agreement or pertain to the performance
of such obligations (collectively, “Audits”) for any of the following purposes: (i) to verify the
accuracy of Subservicer’s financial statements, invoices and billing statements; (ii) to verify the
integrity of Fannie Mae Confidential Information and NPI and compliance with the data privacy, data
protection, confidentiality and security requirements of this Agreement; and (iii) to verify the
audited party’s compliance with any other provisions of this Agreement and Applicable Requirements.

     (b) Audits will be conducted with reasonable notice during normal business hours. Subservicer
(and its affiliates and subcontractors) will cooperate fully with Fannie Mae and its Auditors in
conducting Audits and provide such assistance as the Auditors reasonably require to carry out the
Audits, including assisting with the installation and operation of audit software, which software
shall be subject to the reasonable review and approval of Subservicer’s IT Department. Fannie Mae
will use commercially reasonable efforts to have Governmental Authorities comply with the
foregoing, but a Governmental Authority’s failure to do so will not constitute a breach of this
Agreement by Fannie Mae.

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     (c) Audits will be conducted at Fannie Mae’s expense.

     (d) If any Audit of Subservicer’s charges determines that Subservicer has incorrectly invoiced
or otherwise charged any amounts to Fannie Mae, and Fannie Mae and Subservicer agree with such
Audit, Subservicer will issue, on the next invoice submitted to Fannie Mae, a credit or debit, as
appropriate, to correct the inaccuracy.

          Section 8.2 Audit Follow-up

     Following an Audit, Fannie Mae may provide Subservicer with a written report summarizing the
Audit’s findings as to any actual or potential errors or problems affecting the performance of
services under this Agreement or Fannie Mae Confidential Information or any other NPI, violations
of this Agreement or other issues pertaining to Subservicer (or any of its affiliates or
subcontractors involved in providing services under this Agreement) (each, an “Audit Finding”).
Within 30 days after receiving a report from Fannie Mae containing Audit Findings, Subservicer will
meet with Fannie Mae to discuss such Audit Finding and to mutually agree upon the appropriate
manner, if any, in which to respond to the changes suggested by the Audit report.

          Section 8.3 Records

     (a) In support of Fannie Mae’s Audit rights, Subservicer will keep and maintain (i) financial
records relating to this Agreement in accordance with GAAP applied on a basis consistent with
Applicable Requirements; (ii) records substantiating Subservicer’s invoices and billing statements;
(iii) records pertaining to Subservicer’s compliance with Applicable Requirements; (iv) records of
security incidents and customer complaints; and (v) such other operational records pertaining to
performance of Subservicer’s obligations under this Agreement as Subservicer keeps in the ordinary
course of its business. Subservicer will retain such records for the longer of two years after the
termination of this Agreement or as required by Applicable Requirements. Subservicer will make
copies of such records available to Auditors for examination and copying upon request subject to
the provisions of this Article VIII. For the avoidance of doubt, Subservicer’s obligations under
this paragraph are in addition to, and without any derogation of, its obligations under other
provisions of this Agreement to provide operational reports and records to Fannie Mae.

     (b) Upon request by Fannie Mae, Subservicer will, within a reasonable period of time,
electronically deliver (unless mutually agreed otherwise) all, or a portion of, the Asset records
and documents that Subservicer has responsibility for to Fannie Mae or its designee in the manner
provided in the Servicing Agreement.

          Section 8.4 Subservicer Audits

     (a) Without derogating in any way from Fannie Mae’s Audit rights, Subservicer will conduct its
own quality control and internal audit reviews pertaining to its performance of services under this
Agreement of its general servicing operations consistent with the quality control and audit
practices of well managed companies that perform similar services and in accordance with Applicable
Requirements. At a minimum, Subservicer will perform an annual Independent Security Assessment as
required by Section 7.2.

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     (b) Subservicer shall report all results of quality control and internal audit reviews to
Fannie Mae as they are produced, and in any event not later than thirty (30) days after completion,
specifically including, but not limited to (i) results that pertain to the Mortgage Loans or
systems, processes, protocols or procedures that are the same as, or substantially similar to,
systems, processes, protocols or procedures used by Subservicer with respect to the Mortgage Loans,
and (ii) [summary results solely pertaining to mortgage loans other than the Mortgage Loans],
provided, however, that in no event shall Subservicer be required to divulge loan-level information
or NPI in connection with the summary results described in this clause for any Mortgage Loans which
are not subserviced by Subservicer for Fannie Mae. To the extent the resulting report reveals an
actual or potential material adverse effect on Fannie Mae or Borrowers, Subservicer will provide
such report to Fannie Mae as soon as reasonably practicable and will include with such report
Subservicer’s proposed plan to correct any errors or problems identified in the audit report as
soon as reasonably possible. Fannie Mae reserves the right to contract with independent contractors
to ensure Subservicer’s compliance with all applicable quality control requirements at Fannie Mae’s
cost and subject to reasonable privacy, security and confidentiality requirements.

          Section 8.5 Reports Concerning Governmental Reviews

     Subservicer shall report all results of quality control, audit reviews and examinations,
evaluations and reviews performed by Governmental Authorities and Insurers to Fannie Mae in
accordance with Applicable Requirements, unless prohibited by law or regulation.

          Section 8.6 Further Agreements

     Subservicer is responsible for having in place with its affiliates and subcontractors that are
used in performance of services under this Agreement such agreements as are necessary to give
effect to Fannie Mae’s Audit rights under this Article VIII.

ARTICLE IX

DEFAULT AND INDEMNIFICATION

          Section 9.1 Event of Default.

     (a) The occurrence of any of the following shall constitute an Event of Default hereunder by
Subservicer:

     (i) Subservicer commits a material breach of this Agreement, which is not cured within
fifteen (15) calendar days;

     (ii) Subservicer commits a breach of the MSSC or Guide;

     (iii) Subservicer fails to maintain its status as an approved Fannie Mae
seller/servicer; or

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     (iv) Subservicer’s failure to comply with this Agreement causes or results in a breach
of security with respect to any of the services provided hereunder by Subservicer that
results in the unauthorized use or disclosure of any NPI.

          Section 9.2 Indemnification.

     (a) Indemnification by Subservicer. Subservicer shall indemnify and hold Fannie Mae,
its directors, officers and employees, harmless from, and shall reimburse Fannie Mae, its
directors, officers and employees, for, any and all Losses incurred to the extent that such Losses
arise out of, relate to, or result from:

     (i) Any breach of any representation or warranty of Subservicer hereunder or the
non-fulfillment of any term, covenant, condition, agreement or obligation of Subservicer set
forth in this Agreement, or in any schedule, exhibit or certificate furnished pursuant
hereto, or any default or failure to perform by Subservicer hereunder; or

     (ii) Any failure of Subservicer, on or after the Transfer Date, to comply with
Applicable Requirements with respect to the Servicing Rights or any of the Assets.

Notwithstanding any provision to the contrary in this Section 9.2(a), Subservicer shall have
no obligation to indemnify or hold Fannie Mae harmless from and against that portion of any
claim for indemnification that arises from any fact or circumstance for which Subservicer is
entitled to indemnification by Fannie Mae pursuant to Section 9.2(b). Further, Fannie Mae
will not enforce against Subservicer (i) claims or Losses relating to any representations
and warranties made by a third party and related to the sale or origination of the Mortgage
Loans, whether contained in the Servicing Agreement or otherwise; nor for (ii) any servicing
deficiencies, to the extent any servicing deficiency is caused solely by any action or
failure of Prior Servicer. Notwithstanding the foregoing, Subservicer shall be liable for
any damage or loss to Fannie Mae that is caused by Subservicer’s failure to notify Fannie
Mae of such claims or Losses, take any corrective action reasonably requested by Fannie Mae,
to the extent any such corrective action is reasonably able to be taken by Subservicer, or
any other failure in Subservicer’s performance of its responsibilities on or after the
Transfer Date.

     (b) Indemnification by Fannie Mae. Fannie Mae shall indemnify and hold Subservicer
harmless from, and shall reimburse Subservicer for, all Losses incurred to the extent that such
Losses arise out of, relate to, or result from the following: (i) any material breach of any
representation and warranty of Fannie Mae hereunder; (ii) the non-fulfillment of any term,
covenant, condition, agreement or obligation of Fannie Mae set forth in this Agreement or in any
schedule, exhibit or certificate furnished pursuant hereto; (iii) any acts or omissions of the
Prior Servicer; (iv) a claim by a Borrower under a Mortgage Loan to the extent that such claim
arises out of alleged acts or omissions of the Prior Servicer or originator concerning such
Borrower’s Mortgage Loan; or (v) a claim arising from the data integrity and availability of
information regarding the Mortgage Loans where such data and information was not within
Subservicer’s control or possession and the claim could not have been avoided with the exercise of
reasonable diligence by Subservicer.

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     (c) Subservicer shall not be liable for any (i) denied reimbursements due to inability to
provide supporting documentation for advances made during the tenure of any Prior Servicer, (ii)
losses resulting from improper foreclosures due to an inability to provide supporting documentation
which should have been provided to Subservicer by any Prior Servicer and (iii) any liability or
penalties arising from an MHA-C audit, or the like, related to modifications which do not have
supporting documentation which should have been provided to Subservicer by any Prior Servicer.

     (d) Notice and Settlement of Claims. Subservicer will be responsible for the
management and administration of all loan level Actions relating to the Mortgage Loans, as set
forth in the Servicing Agreement. Without limiting the applicability of any other notice
provisions in this Agreement, Subservicer shall provide notice of any non-routine litigation or
other indemnifiable matter involving Fannie Mae, an Asset or the Servicing Rights by sending an
e-mail to [specialservicernonroutine_litigation@fanniemae.com], or by such other means as may be
reasonably requested by Fannie Mae, within ten (10) days of its receipt or knowledge thereof.
provided, that if it is necessary to answer or respond to any such claim or take any other action
within a shorter timeframe in order reduce the likelihood of success of such claim or the Losses
that may result, Subservicer shall provide earlier notice thereof, and Fannie Mae shall have no
liability for any Losses resulting from a delay in delivery of such notice by Subservicer. Such
notice shall include all available information relevant to the Action or claim, as well as to the
question whether a third party (such as a Prior Servicer) should be notified of and/or assume
control of responding to or defending the Claim, to the extent known by Subservicer.

     Fannie Mae shall have the right to assume some or all of the control or defense of any
subservicing claim or Action, including by transfer of some or all of the control or defense of
such subservicing claim to a Prior Servicer or other third party. In connection therewith,
Subservicer shall make available such information and assistance as Fannie Mae or such Prior
Servicer or other third party may reasonably request, including any witnesses, pertinent records,
materials and information in Subservicer’s possession or under Subservicer’s control, at Fannie
Mae’s, Prior Servicer’s or other third party’s expense.

     If Subservicer retains control over the defense of a subservicing claim or Action as permitted
herein, Subservicer and Fannie Mae (and to the extent requested by Fannie Mae, the applicable Prior
Servicer or other third party) shall confer in good faith, and Subservicer shall reasonably
consider suggestions from Fannie Mae and its counsel regarding the control or defense of the
subservicing claim or Action. The parties may jointly agree upon counsel reasonably acceptable to
such parties to represent them to defend the subservicing claim, and when appropriate, shall enter
into joint defense agreements for retaining joint counsel. Subservicer shall follow any directions
from Fannie Mae to bill all or any portion of the Losses or any cost or expenses of the defense of
such subservicing claim to a third party, provided that Fannie Mae shall remain liable for such
amounts to the extent provided in this Agreement.

     Each Party to this Agreement shall promptly (but in all cases within ten (10) days and in
accordance with Section 6.1(b)) notify the other Party in writing of the existence of any matter
known to it giving rise to any obligation of the other Party under this Section 9.2 and, in the
case of any Claim brought by a third party which may give rise to any such obligation, each Party
shall promptly (but in all cases within ten (10) days and in accordance with Section 6.1(b)) notify

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the other Party of the making of such Claim or the commencement of such action by a third
party as and when same becomes known to it. Subject to Applicable Requirements and to Section
9.2(d), the indemnifying Party (the “Indemnifying Party”) may, at its own cost and expense, assume
and control the defense of any third-party claim, including, without limitation, the right to
designate counsel and to control all negotiations, litigation, settlements, compromises and appeals
of any such claim or potential claim; provided, however, that the counsel is reasonably
satisfactory to the indemnified Party (“Indemnified Party”) in the exercise of its reasonable
discretion. The Party not controlling the defense or prosecution of any such third-party claim may
participate at its own cost and expense. Following the full discharge of the Indemnifying Party’s
obligations, the Indemnified Party shall, subject to Applicable Requirements or other requirements
of Fannie Mae, assign to the Indemnifying Party any and all related claims against third parties.
Subject to Applicable Requirements, promptly after receipt, the Indemnified Party shall refund to
the Indemnifying Party the amounts of all recoveries received by the Indemnified Party with respect
to any claim with respect to which it was also reimbursed for Losses by the Indemnifying Party.

     Subject to Applicable Requirements, following the receipt of written notice from the
Indemnified Party of a demand for indemnification, the Indemnifying Party shall seek to cure the
problem giving rise to the demand, if possible, and pay the amount for which it is liable, or
otherwise take the actions which it is required to take within thirty (30) days or such other time
as may be required by Fannie Mae, the Insurer or other third-party claimant. Subject to Applicable
Requirements, as to any claim for indemnity for which notice is given as hereinbefore provided, the
corresponding obligation of indemnity shall continue to survive until whichever of the following
events first occurs: (i) the Indemnifying Party shall have discharged its obligation of indemnity
to the Indemnified Party with respect to such claim, as required hereunder; (ii) a court of
competent jurisdiction shall have finally determined that the Indemnifying Party is not liable to
the Indemnified Party with respect to such claim; or (iii) the Indemnified Party shall have
released in writing (or be held by a court of competent jurisdiction to have released) the
Indemnifying Party from any liability with respect to such claim.

     (e) Mitigation of Losses. An Indemnified Party shall, to the extent practicable and
reasonably within its control, make good faith efforts to mitigate any Losses of which it has
adequate notice, provided that an Indemnified Party shall not be obligated to act in a manner which
it reasonably believes is adverse to its own best interests. Subject to Applicable Requirements,
nothing in this Section 9.2 shall be construed as obligating either Party to sue any third party.

     (f) Subservicer Rights and Obligations with Respect to Fannie Mae. With respect to
Fannie Mae as the owner of the Mortgage Loans, Subservicer shall have all the rights and
obligations of a Servicer of the Mortgage Loans under the Servicing Agreement regarding
responsibility and liability for losses, costs, expenses, damages or claims (including attorneys’
fees) incurred by Fannie Mae in connection with the default or foreclosure of Mortgage Loans, other
than those that occur as a result of the enumerated liabilities set forth in 9.2(b) and (c) for
which Subservicer shall have no obligation.

     (g) Repurchase Claims. Notwithstanding anything in this Agreement or the Servicing
Agreement to the contrary, in no event shall Subservicer be obligated to purchase Fannie Mae’s

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interest in any Mortgage Loan, unless the repurchase obligation arises from a servicing
violation by Subservicer that occurs on or after the Transfer Date.

ARTICLE X

TERM AND TERMINATION

          Section 10.1 Term of the Agreement

     This Agreement shall continue and remain in effect until terminated as provided in this
Article X.

          Section 10.2 Termination For Convenience

     Fannie Mae may terminate this Agreement for convenience (i.e., for any reason or no reason) by
giving Subservicer written notice to that effect (i) specifying termination of this Agreement in
whole or in part as to a portion of the Servicing Rights, as the case may be and (ii) designating
the termination date, which shall be not less than 60 days from the date of such notice. In the
event of a termination by Fannie Mae for convenience, Fannie Mae shall pay any termination fees
specified on Exhibit D unless modified in the
applicable Subservicing Appendix
following the termination date.

          Section 10.3 Termination For Default

     (a) By giving Subservicer written notice and designating the termination date, which may be
simultaneous with the date of such written notice, Fannie Mae may terminate this Agreement for an
Event of Default by Subservicer.

     (b) Termination for default by Fannie Mae will be without prejudice to and with full
reservation of any other rights and remedies available to it.

     (c) No termination fees shall be payable in connection with any such termination.

          Section 10.4 Termination For Regulatory Event

     Either Party may terminate this Agreement in whole or in part by giving the other Party at
least 30 days prior written notice and designating the termination date if there is a Regulatory
Event or changes are made to applicable law that would prohibit, prevent, or materially impair such
Party’s continuing this Agreement with the other Party with respect to all or specific Assets,
which termination will not be considered to be a termination for convenience or a termination for
default. No termination fees shall be payable in connection with any such termination.

          Section 10.5 Termination For Other Circumstances

     Fannie Mae may terminate this Agreement by notice to Subservicer in the event of a breach of
any covenant under the SRA for which the SRA could be terminated by Fannie Mae. No termination
fees shall be payable in connection with any such termination.

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          Section 10.6 Other Termination Provisions

     In the event a Mortgage Loan is purchased, or repurchased as the case may be, by Subservicer,
Prior Servicer, or any other third party, this Agreement shall automatically terminate with respect
to such Mortgage Loan, and such termination will not be considered to be a termination for
convenience or a termination for default. No termination fees shall be payable in connection with
any such termination.

          Section 10.7 Duties Upon Termination; Transfer of Books, Records and Accounts

     (a) Regardless of the basis for termination or expiration of this Agreement (in whole or in
part), commencing upon a notice of the termination of this Agreement, and continuing after the
effective date of expiration or, if applicable, termination of this Agreement (as such effective
date may be extended pursuant to Section 10. 8 ), Subservicer will provide reasonable assistance
with the transfer of the terminated servicing to another Person in accordance with Applicable
Requirements. Subservicer will use commercially reasonable efforts to minimize Fannie Mae’s costs
and management time resulting from the cessation of the terminated servicing and to minimize the
implementation time for the transfer of the terminated servicing to Fannie Mae and/or its successor
servicer or subservicer.

     (b) Without limiting the generality of the forgoing, subject to and in accordance with
Applicable Requirements and Fannie Mae’s and any successor servicer’s or subservicer’s reasonable
instructions, Subservicer shall timely deliver to the successor servicer or subservicer (or at
Fannie Mae’s direction, to Fannie Mae or Fannie Mae’s other designee) (i) all funds received with
respect to the Assets which have not yet been remitted to Fannie Mae and an accounting for and
reconciliation of all funds and accounts, (ii) all books, records, documents, files, data tapes and
other information and data related to the Assets and their servicing, in an orderly manner, and
(iii) confirmation that the identity of the servicer or subservicer of the Mortgage Loans
registered with MERS has been changed to the successor servicer or subservicer. Such transfers and
actions shall be at Subservicer’s expense, unless this Agreement is terminated by Fannie Mae in
accordance with Section 10.2(a).

          Section 10.8 Extension of Expiration or Termination Date

     Subservicer acknowledges that the services provided under this Agreement are vital to Fannie
Mae and must continue without interruption during any transition period (except as otherwise
directed by Fannie Mae) if Fannie Mae decides to perform such services itself or engage a successor
servicer or subservicer to perform them, or to provide an orderly wind-down of servicing in the
event of a partial or complete cessation or termination of servicing with respect to any or all
Assets. To provide for the orderly completion of any such transition, Fannie Mae will have the
right to extend the effective date of termination or expiration one or more times as it elects, in
its discretion, provided that the total of all such extensions shall not exceed 90 days following
the effective date of termination or expiration in place immediately prior to the initial extension
under this Section. Fannie Mae will use commercially reasonable efforts to exercise this option by
so notifying Subservicer at least 30[, but in no event less than twenty (20),] days before the
impending expiration or termination date.

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ARTICLE XI

MISCELLANEOUS PROVISIONS

          Section 11.1 Supplementary Information.

     From time to time, Subservicer shall furnish to Fannie Mae such information supplementary to
the information contained in the documents and schedules delivered pursuant hereto which is
reasonably available to Subservicer, as Fannie Mae may reasonably request including information
that may be necessary to enable Fannie Mae to file any reports due to any Insurer in connection
with the Mortgage Loans or Servicing Rights.

          Section 11.2 Further Acts.

     Fannie Mae and Subservicer each agree to execute and deliver to the other such additional
documents, instruments or agreements as may be necessary to effectuate the purposes of this
Agreement. Fannie Mae and Subservicer shall cooperate in good faith to consummate the transactions
contemplated by this Agreement.

          Section 11.3 Survival.

     Sections 2.5, 2.11, 6.1(c), 7.1, 7.3, 7.4, 9.2, 10. 7, 11.3, 11.9, 11.12, 11.13 and 11.14 of
this Agreement, and any other provision of this Agreement that contemplates or governs performance
or observance subsequent to its termination or expiration, will survive the expiration or
termination of this Agreement for any reason, including, without limitation, any indemnification
obligations or representations and warranties hereunder.

          Section 11.4 Assignment.

     Subservicer shall not assign, sublicense, charge or otherwise encumber any of its rights or
obligations under this Agreement without the prior written consent of Fannie Mae.

          Section 11.5 Subcontracting

     (a) Subservicer may not delegate or otherwise subcontract any of its obligations under this
Agreement, except in accordance with the Servicing Agreement, SRA or with Fannie Mae’s prior
written approval. If Subservicer does delegate or subcontract any of its obligations, it will flow
down applicable terms and conditions of this Agreement, including provisions regarding audits on
the same terms as set forth herein.

     (b) Subservicer will require and cause its affiliates and subcontractors to comply with all
relevant and applicable provisions of this Agreement, the Servicing Agreement, and the SRA, but
Fannie Mae will not be deemed a party to any agreement or arrangement with an affiliate or a
subcontractor. Subservicer is responsible for supervising and managing all affiliates and
subcontractors and for paying all amounts owed to them. Subservicer will be fully accountable for
the acts and omissions of all affiliates and subcontractors, as if such acts and omissions were its
own.

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     (c) Subservicer may also engage individual independent contractors to supplement its employee
workforce. Subservicer will be fully responsible to Fannie Mae for its independent contractors, as
if they were employees of Subservicer.

          Section 11.6 Notices.

     Except as otherwise expressly permitted by this Agreement, all notices and statements to be
given under this Agreement are to be in writing, delivered by hand, facsimile, national overnight
mail service, or first class United States mail, postage prepaid and certified with return receipt
requested, to the following addresses or facsimile numbers, as applicable (which addresses and
facsimile numbers may be revised by notice):

if to Fannie Mae to:

Fannie Mae

3900 Wisconsin Avenue, N.W.

Washington, D.C. 20016

Attention: Deputy Chief Financial Officer

Fax: (202) 752-2868

With a copy to:

Fannie Mae

3900 Wisconsin Avenue, N.W.

Washington, D.C. 20016

Attention: General Counsel

Fax: (202) 752-6952

And:

National Servicing Organization

14221 Dallas Parkway

Suite 1000

Dallas, Texas 75254

Attention: Vice President — Servicing Portfolio Management

Fax: (240) 699-2486

If to Subservicer, to:

Nationstar Mortgage LLC

350 Highland Drive

Lewisville, TX 75067

Attention: Attn: General Counsel

Fax: 469-549-2085

     All notices and statements shall be deemed effective upon receipt.

31

 

          Section 11.7 Entire Agreement.

     This Agreement constitutes the entire agreement between the Parties with respect to the
subject matter hereof. No amendments, modifications or supplements of this Agreement shall be
binding unless executed in writing by the Parties. The exhibits and schedules are part of this
Agreement.

          Section 11.8 Binding Effect; Third Parties.

     This Agreement shall inure to the benefit of and be binding upon the Parties and their
respective successors and permitted assigns. Nothing in this Agreement, express or implied, is
intended to confer on any Person, other than the Parties and their successors and permitted
assigns, any rights, obligations, remedies or liabilities.

          Section 11.9 Applicable Laws.

     This Agreement shall be construed in accordance with federal law and the laws of the State of
New York, without reference to the choice of law or conflicts of law provisions thereof.

          Section 11.10 Counterparts.

     This Agreement may be executed in any number of counterparts, each of which shall be deemed an
original and all of which together shall constitute one and the same instrument.

          Section 11.11 Time of Essence.

     Time is of the essence in the performance of the obligations stated in this Agreement.

          Section 11.12 No Remedy Exclusive.

     Except as otherwise set forth in this Agreement, no remedy under this Agreement is intended to
be exclusive of any other available remedy, but each remedy shall be cumulative and shall be in
addition to any remedies given under this Agreement and the Servicing Agreement or existing at law
or in equity. Fannie Mae reserves all rights, remedies and powers available to it under any
contracts or agreements with Subservicer, at law or in equity.

          Section 11.13 Construction.

     This Agreement shall be construed and interpreted fairly as to both Parties and not in favor
or against either Party, regardless of which Party prepared this Agreement.

          Section 11.14 Attorneys’ Fees and Expenses.

     If either Party brings suit against the other Party as a result of any alleged breach or
failure by the other Party to fulfill or perform any covenants or obligations under this Agreement,
then the prevailing Party in such action shall be entitled to receive from the non-prevailing Party
reasonable attorneys’ fees incurred in connection with such action and all costs of suit at both
trial and appellate levels.

32

 

          Section 11.15 Waiver.

     Any forbearance by a Party in exercising any right or remedy under this Agreement or otherwise
afforded by applicable law shall not be a waiver or preclude the exercise of that or any other
right or remedy. Fannie Mae does not waive and has not waived any defaults or breaches of
Subservicer under the Servicing Agreement, any document custody agreement, or any other contact or
agreement of Subservicer.

          Section 11.16 Relationship of Parties.

     Nothing herein contained shall be deemed or construed to create a partnership or joint venture
between the Parties. The duties and responsibilities of Subservicer shall be rendered by
Subservicer as an independent contractor and not as an agent of Fannie Mae. Subservicer shall have
full control of all of its acts and proceedings relating to or in connection with the discharge of
its duties and responsibilities under this Agreement.

          Section 11.17 Interpretive Principles.

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

     (a) Terms used in this Agreement have the meanings assigned to them in this Agreement (as
defined herein), 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 GAAP.

     (c) References herein to a “Section,” shall be to the specified section(s) of this Agreement
and shall include all subsections of such section(s).

     (d) The words “herein,” “hereof,” “hereunder” and other words of similar import refer to this
Agreement as a whole and not to any particular provisions.

     (e) Section headings and other similar headings are not to be considered part of this
Agreement, are solely for convenience of reference, and shall not affect the meaning or
interpretation of this Agreement or any of its provisions.

     (f) Each reference to any federal, state or local statute or law shall be deemed also to refer
to all rules and regulations promulgated thereunder.

          Section 11.18. Conflicting Provisions.

     Notwithstanding anything contained herein or in the SRA to the contrary, the Parties expressly
agree that to the extent that any conflicts result between the terms of this Agreement and the SRA,
the terms of this Agreement shall control, unless as to any specific matter this Agreement
expressly states the SRA shall control.

33

 

(Signatures to Follow)

34

 

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

	 	 	 	 	 	 	 	 	 	 	 

	FANNIE MAE	 	 	 	NATIONSTAR MORTGAGE LLC	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Leslie Peeler
	 	 	 	By:
	 	/s/ Jay Bray	 	 
	 

	 	 

Name: Leslie Peeler
	 	 
	 	 	 	 

Name: Jay Bray
	 	 
	 

	 	Title: VP, Special Assets
	 	 	 	 	 	Title: CFO	 	 

 

 

EXHIBIT A

DEFINITIONS

     “Accepted Servicing Practices” means, with respect to any Asset, those mortgage
servicing practices of prudent mortgage lending institutions which service mortgage loans of the
same type as such Asset in the jurisdiction where the related Mortgage Property is located, but in
no event less than the servicing practices required by the Servicing Agreement.

     “Action” means any litigation, claim, action, suit, arbitration, inquiry, proceeding,
investigation or similar proceeding by or before any Governmental Authority or arbitrator.

     “Advances” means amounts advanced by Subservicer in connection with an Asset and in
accordance with Applicable Requirements, including, without limitation, principal, interest, taxes,
ground rents, assessments, insurance premiums and other costs, fees and expenses pertaining to the
acquisition of title to, preservation, repair and conveyance of the Assets, together with all
rights of reimbursement from Borrowers, Insurers, or otherwise. The term “Advances” shall not
include any amount advanced by Subservicer as a result of Subservicer’s failure to comply with or
otherwise perform its obligations under this Agreement or the Servicing Agreement.

     “Agreement” means this Subservicing Agreement, including all amendments, supplements
(including, but not limited to, any supplemental agreement setting forth certain “high touch”
servicing protocols, support of a loan performance advisor or other third-party surveillance
consultant, and certain additional compensation available to Subservicer), exhibits and schedules
hereto.

     “Ancillary Fees” means all fees derived from the Mortgage Loans and retained by
Subservicer, excluding Servicing Fees and Subservicing Fees attributable to the Mortgage Loans,
including but not limited to late charges, fees received with respect to checks or bank drafts
returned by the related bank for non-sufficient funds, assumption fees, optional insurance
administrative fees and all other incidental fees and charges collected from or assessed against
any Borrower, other than those charges payable to an Insurer or Fannie Mae under the terms of the
Servicing Agreement.

     “Applicable Requirements” means, as of the time of reference, (i) all contractual
obligations of a Servicer with respect to the applicable Servicing Rights, including, without
limitation, those contractual obligations contained herein, in the Servicing Agreement, in any
agreement with any Insurer or Fannie Mae or in the Servicing Agreement or in any document which is
part of the Mortgage File for which a Servicer is responsible; (ii) all applicable federal, state
and local laws, statutes, rules, regulations and ordinances applicable to a Servicer, or to the
applicable Servicing Rights or the origination, purchase, sale, enforcement and insuring or
guaranty of, or filing of claims in connection with, the related Assets, including, without
limitation, the applicable requirements and guidelines of Fannie Mae or any Insurer, or any
governmental agency, board, commission, instrumentality or other governmental or quasi-governmental
body or office; (iii) all other judicial and administrative judgments, orders,

A-1

 

stipulations, awards, writs and injunctions applicable to a Servicer that have been disclosed
to Fannie Mae, the applicable Servicing Rights or the related Asset; (iv) the requirements of MERS;
and (v) Accepted Servicing Practices.

     “Asset” (and, collectively, “Assets”) means each Mortgage Loan and REO
Property set forth on the applicable Subservicing Appendix.

     “Asset List” has the meaning provided in Section 2.2(b).

     “Audit” has the meaning provided in Section 8.1(a).

     “Auditors” has the meaning provided in Section 8.1(a).

     “Audit Finding” has the meaning provided in Section 8.2.

     “Borrower” means any obligor under a Mortgage Note or a Mortgage.

     “Business Day” means Monday through Friday, excluding any days on which banks in New
York City are closed for business.

     “Change of Control” .means the acquisition by any Person, or two or more 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) of outstanding shares of voting
stock or ownership interests of an entity at any time if after giving effect to such acquisition
such Person or Persons owns the lesser of (i) fifty percent (50%) or more of such outstanding
voting stock or ownership interests on a fully diluted basis or (ii) such amount of outstanding
voting stock or ownership interest to provide such Person or Persons with effective control.

     “Confidential Information” has the meaning provided in Section 7.1(b).

     “Custodial Accounts” means the accounts in which Custodial Funds are deposited and
held by Subservicer on behalf of Fannie Mae.

     “Custodial Funds” means all funds held by Subservicer with respect to the related
Mortgage Loans including, but not limited to, all principal and interest funds, Escrow Funds and
any other funds due Fannie Mae or held on behalf of a Borrower, maintained by Subservicer relating
to the Mortgage Loans.

     “Custody Documents” means the original Mortgage Note, an original unrecorded
assignment to Fannie Mae (or a copy of the original recorded assignment), and, in some cases, the
original mortgage insurance or loan guaranty certificate and such other original documents related
to a Mortgage Loan and held by the Document Custodian pursuant to Applicable Requirements. If the
mortgage has been modified, the modification agreement is also a Custody Document.

     “Disclosing Party” has the meaning provided in Section 7.1(a).

A-2

 

     “Document Custodian” means the Person contractually obligated to hold the Custody
Documents for Fannie Mae.

     “Draft Date” means the date upon which Fannie Mae drafts the applicable Custodial
Account for principal and interest amounts for a particular type of remittance in accordance with
the Guide.

     “Eligible Corporate Advances” means Eligible Servicing Advances other than Eligible
Escrow Advances, Guaranty Fee Advances, LPMI Advance, Excess Yield Advances, or Advances of
principal and interest on Mortgage Loans.

     “Eligible Escrow Advances” means Eligible Servicing Advances for the payment of taxes,
assessments, insurance premiums, ground rents, and other similar items and charges.

     “Eligible Servicing Advances” means Eligible Corporate Advances, Guaranty Fee,
Advances, LPMI Advances, Excess Yield Advances, and Eligible Escrow Advances.

     “Escrow Accounts” means the accounts in which Escrow Funds are deposited and held by a
Servicer.

     “Escrow Funds” means funds held by a Servicer with respect to the related Mortgage
Loans for the payment of taxes, assessments, insurance premiums, ground rents, funds from hazard
insurance loss drafts, other mortgage escrow and impound items and similar charges (including
interest accrued thereon for the benefit of the Borrowers under the Mortgage Loans, if applicable).

     “Event of Default” means an event of default listed in Section 9.1(a) or Section
9.1(b), as applicable to a Party.

     “Excess Servicing Fee” with respect to any SMBS Mortgage Loan is the excess of the
note rate of such loan over the sum of

	 	(i)	 	the pass-through rate on the MBS backed by such loan,
	 
	 	(ii)	 	the annual guaranty fee rate applied to such loan in connection
with the related MBS, and
	 
	 	(iii)	 	25 basis points.

     “Excess Yield” means the Excess Servicing Fee less the minimum amount required to pay
lender paid mortgage insurance renewal premiums, if any, for such loan.

     “Excess Yield Advances” mean the Advances for Excess Yield drafted from Subservicer’s
designated drafting account by Fannie Mae pursuant to Section [2.14(b)] of this Agreement.

     “Fannie Mae” means the Federal National Mortgage Association, a corporation organized
and existing under the laws of the United States, commonly known as Fannie Mae, any successor or
assign, and any affiliate designated to perform any of the functions ascribed to Fannie Mae
hereunder.

A-3

 

     “Float Benefit” means the net economic benefit resulting from Escrow Funds and
Custodial Funds held in the Escrow Accounts and Custodial Accounts relating to the Servicing
Rights. The Float Benefit includes, without limitation, any compensating balance earnings credits
and interest and other earnings on and in respect of such deposits.

     “Foreclosure” means the procedure pursuant to which a lienholder acquires title to a
Mortgage Property in a foreclosure sale, or a sale under power of sale, or the acceptance of a deed
in lieu of foreclosure, or other acquisition of title to the Mortgage Property based upon a default
by the Borrower under the Mortgage Note and Mortgage, under the law of the state wherein the
Mortgage Property is located.

     “GAAP” means United States generally accepted accounting principles, consistently
applied.

     “Governmental Authority” means any federal, state, municipal, national or local or
other governmental department, court, commission, board, bureau, agency, intermediary, carrier or
instrumentality or political subdivision thereof, or any entity or officer exercising executive,
legislative or judicial, regulatory or administrative functions of or pertaining to any government
or any court, in each case, whether of the United States or a state, territory or possession
thereof, a foreign sovereign entity or country or jurisdiction or the District of Columbia.

     “Guide” means any and all applicable rules, regulations, requirements and guidelines
of Fannie Mae, as the same may be amended from time to time, including, without limitation, the
Fannie Mae Selling and Servicing Guides and the Guide to Delivering eMortgage Loans to Fannie Mae.

     “Guaranty Fee Advances” means Advances for Guaranty Fees drafted from Subservicer’s
designated Custodial Account by Fannie Mae pursuant to the Guide that have not been collected by
Subservicer.

     “Incident” has the meaning provided in Section 7.4(a).

     “Indemnified Party” has the meaning provided in Section 9.2(c).

     “Indemnifying Party” has the meaning provided in Section 9.2(c).

     “Independent Security Assessment” has the meaning provided in Section 7.2(b)(iii).

     “Insurer” or “Insurers” means any Person providing any standard hazard
insurance policy, any federal flood insurance policy, any title insurance policy, any earthquake
insurance policy, or any other insurance policy applicable to an Asset or Pool and any successor
thereto, including, without limitation, as applicable, private mortgage insurer or other insurer or
guarantor under such policies.

     “IT Security Risk Management Policies” has the meaning provided in Section 7.2(b)(ii).

     “LPMI Advances” means Advances for lender paid mortgage insurance drafted paid by
Subservicer that have not been collected by Subservicer.

A-4

 

     “Losses” mean any and all losses, damages, liabilities, fines, claims, demands,
deficiencies, judgments, assessments, settlements, penalties, injuries, actions, suits, costs and
expenses of any nature whatsoever including, without limitation, reasonable attorneys fees and
court costs.

     “MERS” is the company Mortgage Electronic Registration Systems, Inc. and the mortgage
registration system operated by such company.

     “Mortgage” means any deed of trust, security deed, mortgage, security agreement or any
other instrument which constitutes a first lien on residential real estate securing payment by a
Borrower of a Mortgage Note.

     “Mortgage File” means the file pertaining to a particular Asset including (a) the
original Mortgage Note and such other documents as are required to be retained by the Document
Custodian pursuant to Applicable Requirements; (b) the original Mortgage or copy of the Mortgage,
with evidence of recording thereon; (c) the original assignments of Mortgage, if any, or copy of
the assignment of Mortgage, with evidence of recording thereon; (d) the originals or certified true
copies of any document sent for recordation of all modification agreements, with evidence of
recording thereon; (e) the original or copy of the mortgage title insurance policy or alternative
title product or other evidence of title acceptable to Fannie Mae and (f) with respect to REO
Property, any materials relating to the applicable Foreclosure, any owner’s title insurance policy
and any other records relating to the ownership of such REO Property.

     “Mortgage Loan” means the residential mortgage loans secured by Mortgaged Property as
to which Fannie Mae is the owner of the Servicing Rights, as to which the related subservicing
functions are transferred pursuant to this Agreement.

     “Mortgage Note” means the promissory note executed by a Borrower and secured by a
Mortgage evidencing the indebtedness of the Borrower under a Mortgage Loan.

     “Mortgage Property” means the fully constructed one-to-four family residential real
property that is encumbered by a Mortgage (or that is now or becomes REO Property), including all
buildings and fixtures thereon and all accessions thereto, including installations of mechanical,
electrical, plumbing, heating and air conditioning systems located in or affixed to such buildings,
and all alterations, additions and replacements.

     “MSSC” means the Mortgage Selling and Servicing Contract between Fannie Mae and
Subservicer.

     “NPI” has the meaning provided in Section 7.1(b).

     “Parties” means Subservicer and Fannie Mae.

     “Pre-Boarding File” means the data requested by Subservicer in connection with the
servicing transfer to Subservicer hereunder of any Asset.

     “Primary Servicer” means Fannie Mae.

     “Privacy Laws” has the meaning provided in Section 7.3(a).

A-5

 

     “Receiving Party” has the meaning provided in Section 7.1(a).

     “Regulatory Event” means a situation in which (i) either Fannie Mae or Subservicer
becomes subject to any Regulatory Order or an Action initiated by a Governmental Authority, and
(ii) such Regulatory Order or Action prevents or materially impairs such Party’s ability to
discharge its material obligations hereunder in any material respect, or the continuance of the
arrangements contemplated by this Agreement by such Party.

     “Regulatory Order” means any injunction, order, judgment, decree, memorandum of
understanding, consent decree, directive or regulatory restriction, or any change in or
interpretation of any law, rule or regulation, issued or imposed by a Governmental Authority and
such event is not removed or stayed within 30 days, or such shorter period as necessitated by such
Governmental Authority, after reasonable efforts to so remove or stay such event are instituted the
Party or Parties made subject to thereto.

     “REO Property” means any Mortgage Property acquired by Fannie Mae, or Subservicer on
behalf of Fannie Mae, as a result of a Foreclosure of or a deed-in-lieu of Foreclosure on a
Mortgage Loan.

     “Risk Review Process” has the meaning provided in Section 7.2(a).

     “Servicer” means the party contractually obligated to administer Servicing Rights
under the Servicing Agreement.

     “Servicing Agreement” means the MSSC, the Guide, and the Applicable Requirements
and/or any other agreement between Servicer or Subservicer and Fannie Mae, including, without
limitation, the SRA, with respect to the servicing of the Assets to which the Servicing Rights
pertain.

     “Servicing Fees” means those fees payable to a Servicer for servicing the Mortgage
Loan. Subservicer acknowledges and agrees with respect to the Mortgage Loans subject to this
Agreement that the Servicing Fees are the sole property and interest of Fannie Mae.

     “Servicing File” means with respect to each Asset, the file typically retained by a
servicer consisting of the related credit and closing packages, disclosures, copies or originals of
Custody Documents, and all other files, books, records and documents typically retained by a
servicer in accordance with Applicable Requirements and evidence that the Asset has been serviced
in accordance with Applicable Requirements, and comply with Applicable Requirements regarding the
Mortgage Files to be maintained by the Servicer of the Assets. The Servicing File shall consist of
originals of all documents in the Mortgage File which are not delivered to the Document Custodian
and copies of those Mortgage File documents which are delivered to the Document Custodian and are
necessary to service the Assets.

     “Servicing Rights” means the rights and obligations of Servicer to Fannie Mae under
the Servicing Agreement with respect to the Assets.

A-6

 

     “SMBS Mortgage Loan” means any Mortgage Loan where an Excess Servicing Fee has been
securitized as identified by Fannie Mae.

     “Strategic Relationship Agreement (“SRA”)” means the strategic relationship agreement
between Nationstar Mortgage LLC and Fannie Mae, dated as of December 16, 2009.

     “Standard Remittances” means those remittances relating to Mortgage Loans accounted
under the “standard” remittance cycle, as referenced in the Guide, to the extent the same represent
“actual” principal or interest collected with respect to a Mortgage Loan.

     “Subservicer” has the meaning provided in the introductory paragraph of this
Agreement.

     “Subservicing Appendix” has the meaning provided Section 2.2(b).

     “Subservicing Fees” means the fees set forth on the applicable Subservicing Appendix,
which includes base fees, incentive fees, boarding fees, due diligence fees and termination fees.

     “Transfer Date” means with respect to the Assets listed on the Asset List for a
Subservicing Appendix, the date identified in such Subservicing Appendix.

A-7

 

EXHIBIT B

[FORM OF SUBSERVICING APPENDIX]

               This SUBSERVICING APPENDIX (this “Subservicing Appendix”), dated as of [______], 20[__],
accompanies and supplements a certain Subservicing Agreement (the “Agreement”), dated as of
[______], 2010, by and between Nationstar Mortgage, LLC (the “Subservicer”), and Fannie Mae.

	 	1.	 	Pursuant to Section 2.2(b) of the Agreement and this Subservicing Appendix, on
and after the Transfer Date identified below, the Subservicer agrees to subservice the
Mortgage Loans listed on Schedule I in accordance with the provisions of the Agreement
and for the fees set forth herein.
	 
	 	2.	 	Immediately prior to the Transfer Date the Mortgage Loans listed on Schedule I
have been serviced by the Prior Servicer identified below.

	 	a.	 	Prior Servicer: ____________________________
	 
	 	b.	 	Transfer Date: ____________________________
	 
	 	c.	 	The monthly Base Subservicing Fees shall vary based on the
status of the Mortgage Loans, as of the last day of the calendar month
preceding the month of subservicing, as follows:

	 	 	 	 	 
	Status	 	Fees	 
	Current
	 	$	_____	 
	30 to 60 days delinquent
	 	$	_____	 
	61 or more days delinquent
	 	$	_____	 
	In bankruptcy or foreclosure (in lieu of, and not in addition to,
fees which would apply above)
	 	$	_____	 

	 	d.	 	The Base Subservicing Fees for a month shall be paid monthly
based on the count of active Mortgage Loans as of the end of the calendar month
preceding the month of servicing. A Mortgage Loan shall be deemed to no longer
be active on the date on which any of the following events occur: (a) the
Mortgage Loan is paid in full; (b) an agreed upon short payoff has been
received; (c) a deed in lieu of foreclosure has been received; or (d) a
Foreclosure sale occurs and court confirmation thereof is received.
Subservicer acknowledges that its obligations under this Agreement with respect
to an Asset may continue after the date on which such Asset ceases to be
active, as provided above, and is no longer counted in the calculation of the
Subservicing Fees.

B-1

 

	 	3.	 	The Agreement is intended to and does serve as a master or base agreement for
the subservicing of the Mortgage Loans listed on Schedule I. This Subservicing
Appendix shall be incorporated into the Agreement and deemed a part of the Agreement.
	 
	 	4.	 	This Subservicing Appendix may be executed in any number of counterparts, each
of which shall be deemed an original and all of which together shall constitute one and
the same instrument.

                   IN WITNESS WHEREOF, the Subservicer and Fannie Mae have caused their names to be signed hereto
by their respective officers thereunto duly authorized as of the date first above written.

	 	 	 	 	 
	 	NATIONSTAR MORTGAGE, LLC

Subservicer

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	FANNIE MAE 

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

B-2

 

	 	 	 	 	 

SCHEDULE I

To Subservicing Appendix

LIST OF MORTGAGE LOANS

B-3

 

EXHIBIT C

REPORTS

Without limiting the requirements for reporting as provided in any sections of the Agreement,
whether or not listed in this Exhibit, Subservicer will provide the following reports in accordance
with the timing specified in the Agreement or, absent such specification, within five (5) Business
Days following each calendar month-end:

	 	1.	 	Written customer complaint report described in Section 2.5.
	 
	 	2.	 	Subservicing Fees reports described in Section 3.3(a).
	 
	 	3.	 	Such reports to support the due diligence functions in Section 4.3.
	 
	 	4.	 	Mortgage Loan Schedule of all unscheduled and ad hoc reports required under the terms
of the Agreement

C-1

 

EXHIBIT C-1

DATA DICTIONARY

(See Attached).

C-1-1

 

EXHIBIT D

TERMINATION FEES

	 	 	 	 	 
	 	 	Bulk	 	Terminated
	Termination for Convenience Fee	 	Transfers	 	Portfolio Transfers
	Within 1 Year of Transfer

	 	[***]
	 	[***]
	 
	 	 	 	 
	> 1 Year but less or equal to 2 years of Transfer

	 	[***]
	 	[***]
	 
	 	 	 	 
	> 2 Year but less or equal to 3 years of Transfer

	 	[***]
	 	[***]
	 
	 	 	 	 
	Greater than 3 years from Transfer

	 	[***]
	 	[***]

Fee Schedule is applicable to pools in excess of $250 million. Pools less than $250 million

shall only incur a [***] per account fee regardless of length of time since transfer.

Termination Fee for Convenience will be waived if transferred pool is substantially replaced

within six (6) months of the respective transfer date.

 

			
	***	 	Note: Confidential treatment has been requested
with respect to the information contained within the [***] marking. Such
portions have been omitted from this filing and have been filed separately with
the Securities and Exchange Commission.

D-1

 

EXHIBIT E

MAXIMUM ANCILLARY FEES

E-1

 

This is
a list of maximum fees that may be assessed or collected. Actual fee
amounts that can be charged may be subject to local, state and federal Law and
the Fannie Mae Guides.

	 	 	 	 	 
	 	 	Maximum	 
	Fee or Item Description	 	Fee	 
	Payment Related fees
	 	 	 	 
	Check by phone
	 	 	[***]	 
	ACH
	 	 	[***]	 
	IVR Payment
	 	 	[***]	 
	Web Payment
	 	 	[***]	 
	Others
	 	 	[***]	 
	Amortization Schedule Fee
	 	 	[***]	 
	Assumption Fee
	 	 	[***]	 
	Copy of Loan Documents
	 	 	[***]	 
	Copy of Year End Statement (1098)
	 	 	[***]	 
	Credit Report
	 	 	[***]	 
	Dishonored or NSF Check
	 	 	[***]	 
	Duplicate Monthly Billing/Coupon
	 	 	[***]	 
	Fax Fee
	 	 	[***]	 
	Flood Research
	 	 	[***]	 
	Late Fee on loans current on repayment plans (Y/N)
	 	 	[***]	 
	Name Change
	 	 	[***]	 
	Overnight Mail
	 	 	[***]	 
	Partial Release of Lien
	 	 	[***]	 
	Payment History
	 	 	[***]	 
	Payoff Quotes
	 	 	[***]	 
	Recording Fee
	 	 	[***]	 
	Subordination
	 	 	[***]	 
	Tax Verification Letter
	 	 	[***]	 
	Verification of Mortgage
	 	 	[***]	 

 

			
	***	 	Note: Confidential treatment has been requested
with respect to the information contained within the [***] marking. Such
portions have been omitted from this filing and have been filed separately with
the Securities and Exchange Commission.

E-2

 

Special Assets Advance Solutions Data Dictionary

 

 

Table of Contents

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Required
	Priority	 	Owner	 	Description:	 	Frequency:	 	Required Naming Convention:	 	Elements
	1
	 	NSO/SFO	 	Daily Collections Detail	 	Daily	 	DailyCollection_Daily_<Servicer  

Name_<MMDDYYYY>.csv	 	30
	2
	 	NSO	 	Corporate and Escrow Advance	 	Depending on Settlement	 	CorpTIAdv_Daily_<Servicer

 Name_<MMDDYYM.csv	 	20
	3
	 	NSO	 	Corporate and Escrow Recoveries	 	Depending on Settlement	 	CorpTIRecovery_Daily_servicer Name>_<MMDDYYYY>.csv	 	20
	4
	 	NSO	 	Trial Balance	 	Monthly	 	TrialBalWeekly<Servicer 

Name><MMDDYYYY>.csv	 	18
	5
	 	NSO	 	571 Claims File	 	Daily	 	ClaimsFile_Daily_<Servicer Name>_<MMDDYYYY>.csv	 	13
	6
	 	NSO	 	Loan Population / Boarding File	 	At Transfer	 	BoardingFile_Daily_Servicer Name><MMDDYYYY>.csv	 	19
	7
	 	NSO/SFO	 	P&I Advance Detail - S/S	 	2 Business Days Prior to Draft	 	AdvDetail_Daily_<Servicer Name><MMDDYYYY>.csv	 	21
	8
	 	NSO/SFO	 	P&I Recoveries Detail - S/S	 	Depending on Settlement	 	Recovery_Daily_<Servicer Name>_<MMDDYYYY>.csv	 	19
	9
	 	SFO	 	Remittance Detail	 	2 Business Days Prior to Draft	 	RemitDetail_Daily_<Servicer Name>_<MMDDYYYY>.csv	 	37
	10
	 	SFO	 	Delinquency Detail	 	Bi-Monthly	 	DeliDetailWeekly_Servicer Name>_<MMDDYYYY>.csv	 	22
	11
	 	SFO	 	Interest Shortfall	 	Monthly	 	IntShortfall_Monthly_<Servicer Name>_<MMDDYYYY>.csv	 	17
	12
	 	SFO	 	P&I Draft Summary	 	2 Business Days Prior to Draft	 	DraftSummary_Weekly_<Servicer Name>_<MMDDYYYY>.csv	 	13
	13
	 	SFO	 	P&I Loans Brought Current -S/S	 	Monthly	 	LoanCurrent_Monthly_<Servicer Name>_MMDDYYYY>.csv	 	18
	 
	 	 	 	 	 	 	 	 	 	267

-Files must be tab delimited.csv format

-Header rows are not case sensitive

2

 

	 	 	 	 	 

	Program:

	 	EAF and Sub-Servicer
	 	Escrow: One record per transaction
	Description:

	 	Corporate and Escrow Advance
	 	Corp: One record per 571 code per transaction
	Frequency:

	 	5 business days prior to settlement date	 	 
	File Type:

	 	Tab delimited csv file	 	 
	File Name:

	 	CorpTIAdv_Daily_<Servicer Name>_<MMDDYYYY>.csv	 	 
	Business Owner:

	 	NSO	 	 

	 	 	 	 	 	 	 
	20	 	 	 	 	 	 
	Required	 	Business Name	 	Allowable Values	 	Description
	X
	 	Master Servicer Number	 	<TEXT>	 	9 digit number assigned by FNMA
	X
	 	Sub-servicer Number	 	<TEXT>	 	9 digit number assigned by FNMA
	X
	 	Previous Servicer Number	 	<TEXT>	 	Legacy servicer’s FNMA seller/servicer ID
	X
	 	Program Type	 	<TEXT>	 	EAF or SUB
	X
	 	Branch ID	 	<TEXT>	 	FNMA Branch ID identifier
	X
	 	Investor Number	 	<TEXT>	 	Number associated with the pool of loans
	X
	 	FNMA Loan Number	 	<TEXT>	 	Unique 10 digit loan number assigned by FNMA
	X
	 	Servicer Loan Number	 	<TEXT>	 	Loan number assigned by servicer
	X
	 	Effective Date	 	<MM/DD/YYYY>	 	Effective date of the data
	X
	 	Next Payment Due Date	 	<MM/DD/YYYY>	 	Due date of loan after last payment received
	X
	 	Current UPB	 	<Number as Decimal> <#########.##	 	UPB after transaction
	X
	 	Advance Date Incurred	 	<MM/DD/YYYY>	 	Date servicer required advance
	X
	 	FNMA Advance Date	 	<MM/DD/YYYY>	 	Date FNMA advances funds to servicer
	X
	 	Advance Type	 	<TEXT>	 	LEGC, LEGE, CORP, ESCR, CMOD, EMOD, SCRA, LCLM, 571C, 571E, GFEE, LPMI, ESFEE, PROV
	X
	 	FNMA Trans Code	 	<TEXT>	 	571 Code assigned to identify transaction
	X
	 	Servicer Trans Code	 	<TEXT>	 	Servicer code assigned to identify transaction
	X
	 	Servicer Advance Amount	 	<Number as Decimal> <#########.##>	 	Total amount of advance
	X
	 	Transaction Amount Advanced	 	<Number as Decimal> ####.####>	 	Servicer advance amount itemized by 571 code
	X
	 	FNMA Advance Rate	 	<Number as Decimal> <#####.#####	 	FNMA advance rate
	X
	 	FNMA Advance Amount	 	<Number as Decimal> <#########.##	 	Transaction amount advanced x FNMA advance rate

3

 

	 	 	 	 	 

	Program:

	 	EAF and Sub-Servicer
	 	Escrow: One record per transaction
	Description:

	 	Corporate and Escrow Recovery
	 	Corp: One record per 571 code per transaction
	Frequency:

	 	5 business days prior to settlement date	 	 
	File Type:

	 	Tab delimited csv file	 	 
	File Name:

	 	CorpTlRecovery_Daily_<Servicer
Name>_<MMDDYYYY>.csv	 	 
	Business Owner:

	 	NSO	 	 

	 	 	 	 	 	 	 
	20	 	 	 	 	 	 
	Required	 	Business Name	 	Allowable Values	 	Description
	X
	 	Master Servicer Number	 	<TEXT>	 	9 digit number assigned by FNMA
	X
	 	Sub-servicer Number	 	<TEXT>	 	9 digit number assigned by FNMA
	X
	 	Previous Servicer Number	 	<TEXT>	 	Legacy servicer’s FNMA seller/servicer ID
	X
	 	Program Type	 	<TEXT>	 	EAF or SUB
	X
	 	Branch ID	 	<TEXT>	 	FNMA Branch ID identifier
	X
	 	Investor Number	 	<TEXT>	 	Number associated with the pool of loans
	X
	 	FNMA Loan Number	 	<TEXT>	 	Unique 10 digit loan number assigned by FNMA
	X
	 	Servicer Loan Number	 	<TEXT>	 	Loan number assigned by servicer
	X
	 	Effective Date	 	<MM/DD/YYYY>	 	Effective date of the data
	X
	 	Next Payment Due Date	 	<MM/DD/YYYY>	 	Due date of loan after last payment received
	X
	 	Current UPB	 	<Number as Decimal> <#########.##>	 	UPB after transaction
	X
	 	Date Received Payment	 	<MM/DD/YYYY>	 	Date servicer received payment
	X
	 	FNMA Recovery Date	 	<MM/DD/YYYY>	 	Date the recovery is deposited into FNMA bank account
	X
	 	Recovery Type	 	<TEXT>	 	LEGC, LEGE, CORP, ESCR, CMOD, EMOD, SCRA, LCLM, 571C, 571E, GFEE, LPMI, ESFEE, PROV
	X
	 	FNMA Trans Code	 	<TEXT>	 	571 Code assigned to identify transaction
	X
	 	Servicer Trans Code	 	<TEXT>	 	Servicer code assigned to identify transaction
	X
	 	Total Recovery Amount	 	<Number as Decimal> <#########.##>	 	Total amount of recovery
	X
	 	Servicer Amount Recovered	 	<Number as Decimal> <########.##>	 	Corp: Total recovery amount itemized by 571

 code - Escrow: Total
	X
	 	FNMA Advance Rate	 	<Number as Decimal> <#####.#####>	 	FNMA advance rate
	X
	 	FNMA Amount Recovered	 	<Number as Decimal> <########.##>	 	Servicer amount recovered x FNMA advance rate

4

 

	 	 	 	 	 

	Program:

	 	EAF and Sub-Servicer
	 	One record per advance type
	Description:

	 	P&I Advance Detail	 	 
	Frequency:

	 	Depending on Settlement	 	 
	File Type:

	 	Tab delimited csv file	 	 
	File Name:

	 	AdvDetail_Daily_<Servicer Name>_<MMDDYYTY>.csv	 	 
	Business Owner:

	 	EAF: NSO/SF Ops SUB: SF Ops	 	 

	 	 	 	 	 	 	 
	18	 	 	 	 	 	 
	Required	 	Business Name	 	Allowable Values	 	Description
	X
	 	Master Servicer  Number	 	<TEXT>	 	9 digit number assigned by FNMA
	X
	 	Sub-servicer Number	 	<TEXT>	 	9 digit number assigned by FNMA
	X
	 	Previous Servicer Number	 	<TEXT>	 	Legacy servicer’s FNMA seller/servicer ID
	X
	 	Program Type	 	<TEXT>	 	EAF or SUB
	X
	 	Advance Type	 	<TEXT>	 	SSPI (scheduled/scheduled)
	X
	 	FNMA Status Code	 	<TEXT>	 	See legend for examples
	X
	 	Branch ID	 	<TEXT>	 	FNMA Branch ID identifier
	X
	 	Investor Number	 	<TEXT>	 	Number associated with the pool of loans
	X
	 	Effective Date	 	<MM/DD/YYYY>	 	Effective date of the data
	X
	 	FNMA Loan Number	 	<TEXT>	 	Unique 10 digit loan number assigned by FNMA
	X
	 	Servicer Loan Number	 	<TEXT>	 	Loan number assigned by servicer
	X
	 	FNMA Remittance Type	 	<TEXT>	 	SS, SA, MBS, MRS, RPM, EXP
	X
	 	Current UPB	 	<Number as Decimal> <#########.##>	 	UPB after transaction
	X
	 	Next Payment Due Date	 	<MM/DD/YYYY>	 	Due date of loan after last payment received
	X
	 	Last Paid Installment Date	 	<MM/DD/YYYY>	 	The last installment paid
	X
	 	FNMA Advance Date	 	<MM/DD/YYYY>	 	Date Trust account is funded for shortages prior to FNMA draft date
	X
	 	Advance Amount	 	<Number as Decimal> <#########.##>	 	SSPI: Scheduled P&I pmt due on a delinquent (S/S) loan multiplied by FNMA advance rate (net interest)
	X
	 	Scheduled P&I Payment	 	<Number as Decimal> <#######.##>	 	Scheduled amount of P&I due at remit (net interest)
	 
	 	Interest Type	 	<TEXT>	 	Amortization Type of Loan
	 
	 	Interest Only in Reporting Month	 	<TEXT>	 	Interest only identifier
	 
	 	Current Interest Rate	 	<Number as Decimal> <#####.#####>	 	Current interest rate on the loan
	 
	 	Loan Term	 	<Number>	 	Term of the loan

5

 

	 	 	 	 	 

	Program:

	 	EAF and Sub-Servicer
	 	One record for each transaction posted
	Description:

	 	P&I Recoveries Detail	 	 
	Frequency:

	 	Depending on Settlement	 	 
	File Type:

	 	Tab delimited csv file	 	 
	File Name:

	 	AdvDetail_Daily_<Servicer Name>_<MMDDYYYY>.csv	 	 
	Business Owner:

	 	EAF: NSO / SF Ops SUB: SF Ops	 	 

	 	 	 	 	 	 	 
	19	 	 	 	 	 	 
	Required	 	Business Name	 	Allowable Values	 	Description
	X
	 	Master Servicer Number	 	<TEXT>	 	9 digit number assigned by FNMA
	X
	 	Sub-servicer Number	 	<TEXT>	 	9 digit number assigned by FNMA
	X
	 	Previous Servicer Number	 	<TEXT>	 	Legacy servicer’s FNMA seller/servicer ID
	X
	 	Program Type	 	<TEXT>	 	EAF or SUB
	X
	 	FNMA Status Code	 	<TEXT>	 	See legend for examples
	X
	 	Branch ID	 	<TEXT>	 	FNMA Branch ID identifier
	X
	 	Investor Number	 	<TEXT>	 	Number associated with the pool of loans
	X
	 	Effective Date	 	<MM/DD/YYYY>	 	Effective date of the data
	X
	 	FNMA Loan Number	 	<TEXT>	 	Unique 10 digit loan number assigned by FNMA
	X
	 	Servicer Loan Number	 	<TEXT>	 	Loan number assigned by servicer
	X
	 	FNMA Remittance Type	 	<TEXT>	 	SS, SA, MBS, MRS, RPM, EXP
	X
	 	Current UPB	 	<Number as Decimal> <#########.## >	 	UPB after transaction
	X
	 	Next Payment Due Date	 	<MM/DD/YYYY>	 	Due date of loan after last payment received
	X
	 	Last Paid Installment Date	 	<MM/DD/YYYY>	 	The last installment paid
	X
	 	Date Payment Received	 	<MM/DD/YYYY>	 	Date payment was received by servicer
	X
	 	Total Payment Received	 	<Number as Decimal> <#########.##>	 	Total transaction amount posted to the loan (ties to clearing account)
	 
	 	Total P&I Collections	 	<Number as Decimal> <#########.##>	 	Per transaction, pays down advance (net interest)
	X
	 	FNMA Recovery Date	 	<MM/DD/YYYY>	 	Date the recovery is deposited into FNMA bank account
	X
	 	Recovery Type	 	<TEXT>	 	SSPI
	X
	 	Amount FNMA Recovered	 	<Number as Decimal>

<########.## >	 	Total P&I Collections x advance rate (net interest)

6

 

	 	 	 	 	 

	Program

	 	EAF and Sub-Servicer
	 	One record per loan
	Description:

	 	P&I Loans Brought Current	 	 
	Frequency:

	 	Monthly	 	 
	File Type:

	 	Tab delimited csv file	 	 
	File Name:

	 	LoanCurrent_Monthly<Servicer
Name>_<MMDDYYTY>.csv	 	 
	Business Owner:

	 	SF Ops	 	 

	 	 	 	 	 	 	 
	18	 	 	 	 	 	 
	Required	 	Business Name	 	Allowable Values	 	Description
	X

	 	Master Servicer Number
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Sub-servicer Number
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Previous Servicer Number
	 	<TEXT>
	 	Legacy servicer’s FNMA seller/servicer ID
	X

	 	Program Type
	 	<TEXT>
	 	EAF or SUB
	X

	 	FNMA Status Code
	 	<TEXT>
	 	See legend for examples
	X

	 	Branch ID
	 	<TEXT>
	 	FNMA Branch ID identifier
	X

	 	Investor Number
	 	<TEXT>
	 	Number associated with the pool of loans
	X

	 	Effective Date
	 	<MM/DD/YYYY>
	 	Effective date of the data
	X

	 	FNMA Loan Number
	 	<TEXT>
	 	Unique 10 digit loan number assigned by FNMA
	 

	 	Servicer Loan Number
	 	<TEXT>
	 	Loan number assigned by servicer
	X

	 	FNMA Remittance Type
	 	<TEXT>
	 	AA, SS, SA, MBS, MRS, RPM, EXP
	X

	 	Current UPB
	 	<Number as
Decimal>
<#########.##>
	 	UPB after transaction
	X

	 	Next Payment Due Date
	 	<MM/DD/YYYY>
	 	Due date of loan after last payment received
	X

	 	Last Paid Installment Date
	 	<MM/DD/YYYY>
	 	The last installment paid
	X

	 	Date Payment Received
	 	<MM/DD/YYYY>
	 	Date payment was received by servicer
	X

	 	P&I Recovered
	 	<Number as
Decimal>
<#########.##>
	 	Total amount of P&I recovered within
reporting cycle
	X

	 	Principal Recovered
	 	<Number as
Decimal>
<#########.##>
	 	Total amount of principal recovered within
reporting cycle
	X

	 	Interest Recovered
	 	<Number as
Decimal>
<#########.##>
	 	Total amount of interest recovered within
reporting cycle

7

 

	 	 	 	 	 

	Program:

	 	EAF and Sub-Servicer
	 	One record per loan
	Description:

	 	Trial Balance	 	 
	Frequency:

	 	Monthly	 	 
	File Type:

	 	Tab delimited csv file	 	 
	File Name:

	 	TrialBal_Weekly_<Servicer Name>_<MMDDYYYY>.csv	 	 
	Business Owner:

	 	NSO	 	 

	 	 	 	 	 	 	 
	18	 	 	 	 	 	 
	Required	 	Business Name	 	Allowable Values	 	Description
	X

	 	Master Servicer
Number
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Sub-servicer Number
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Previous Servicer
Number
	 	<TEXT>
	 	Legacy servicer’s FNMA seller/servicer ID
	X

	 	Program Type
	 	<TEXT>
	 	EAF or SUB
	X

	 	FNMA Status Code
	 	<TEXT>
	 	See legend for examples
	X

	 	Branch ID
	 	<TEXT>
	 	FNMA Branch ID identifier
	X

	 	Investor Number
	 	<TEXT>
	 	Number associated with the pool of loans
	X

	 	Effective Date
	 	<MM/DD/YYYY>
	 	Effective date of the data
	X

	 	FNMA Loan Number
	 	<TEXT>
	 	Unique 10 digit loan number assigned by FNMA
	X

	 	Servicer Loan Number
	 	<TEXT>
	 	Loan number assigned by servicer
	X

	 	FNMA Remittance Type
	 	<TEXT>
	 	AA, SS, SA, MBS, MRS, RPM, EXP
	X

	 	Current UPB
	 	<Number as
Decimal>
<#########.##>
	 	UPB after transaction
	X

	 	Next Payment Due Date
	 	<MM/DD/YYYY>
	 	Due date of loan after last payment received
	X

	 	Last Paid
Installment Date
	 	<MM/DD/YYYY>
	 	The last installment paid
	X

	 	P&I Advance Balance
	 	<Number as
Decimal>
<#########.##>
	 	Total outstanding P&I advance balance (net
Interest)
	X

	 	Corp Advance Balance
	 	<Number as
Decimal>
<#########.##>
	 	Total outstanding Corp advance balance
	X

	 	Escrow Advance
Balance
	 	<Number as
Decimal>
<#########.##>
	 	Total outstanding Escrow advance balance
	X

	 	Total Advance Balance
	 	<Number as
Decimal>
##########.##>
	 	Total outstanding advance balance (P&I +
Escrow Corp)

8

 

	 	 	 	 	 

	Program:

	 	Sub-Servicer
	 	One record per claim filed
	Description:

	 	571 Claims	 	 
	Frequency:

	 	Daily	 	 
	File Type:

	 	Tab delimited csv file	 	 
	File Name:

	 	ClaimsFile_Daily<Servicer Name>_<MMDDYYYY>.csv	 	 
	Business Owner:

	 	NSO	 	 

	 	 	 	 	 	 	 
	11	 	 	 	 	 	 
	Required.	 	Business Name	 	Allowable Values	 	Description
	X

	 	Master Servicer Number
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Sub-servicer Number
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Previous Servicer Number
	 	<TEXT>
	 	Legacy servicer’s FNMA seller/servicer ID
	X

	 	Program Type
	 	<TEXT>
	 	EAF or SUB
	X

	 	FNMA Status Code
	 	<TEXT>
	 	See legend for examples
	X

	 	Branch ID
	 	<TEXT>
	 	FNMA Branch ID identifier
	X

	 	Investor Number
	 	<TEXT>
	 	Number associated with the pool of loans
	X

	 	Effective Date
	 	<MM/DD/YYYY>
	 	Effective date of the data
	X

	 	FNMA Loan Number
	 	<TEXT>
	 	Unique 10 digit loan number assigned by FNMA
	X

	 	Servicer Loan Number
	 	<TEXT>
	 	Loan number assigned by servicer
	 

	 	FNMA Remittance Type
	 	<TEXT>
	 	AA, SS, SA, MBS, MRS, RPM, EXP
	X

	 	Claim Amount
	 	<Number as
Decimal>
<#########.##
	 	Total Amount of the claim submitted to AMN

9

 

	 	 	 	 	 

	Program:

	 	Sub-Servicer
	 	One record for each transaction posted, reversals are negative
	Description:

	 	Daily Collections Detail
	 	*Report balances to bank statements (Clearing, P&I, T&I)
	Frequency:

	 	Daily	 	 
	File Type:

	 	Tab delimited csv file	 	 
	File Name:

	 	DailyCollection_Daily_<Servicer
Name>_MMDDYYYY.csv	 	 
	Business Owner:

	 	NSO / SF Ops	 	 

	 	 	 	 	 	 	 
	30	 	 	 	 	 	 
	Required	 	Business Name	 	Allowable Values	 	Description
	X

	 	Master Servicer Number
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Sub-servicer Number
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Previous Servicer
Number
	 	<TEXT>
	 	Legacy servicer’s FNMA seller/servicer ID
	X

	 	Program Type
	 	<TEXT>
	 	EAF or SUB
	X

	 	FNMA Status Code
	 	<TEXT>
	 	See legend for examples
	X

	 	Branch ID
	 	<TEXT>
	 	FNMA Branch ID identifier
	X

	 	Investor Number
	 	<TEXT>
	 	Number associated with the pool of loans
	X

	 	Effective Date
	 	<MM/DD/YYYY>
	 	Effective date of the data
	X

	 	FNMA Loan Number
	 	<TEXT>
	 	Unique 10 digit loan number assigned by FNMA
	X

	 	Servicer Loan Number
	 	<TEXT>
	 	Loan number assigned by servicer
	X

	 	FNMA Remittance Type
	 	<TEXT>
	 	AA, SS, SA, MBS, MRS, RPM, EXP
	X

	 	Current UPB
	 	<Number as
Decimal>
<#########.##>
	 	UPB after transaction
	X

	 	Next Payment Due Date
	 	<MM/DD/YYYY>
	 	Due date of loan after last payment received
	X

	 	Last Paid Installment
Date
	 	<MM/DD/YYYY>
	 	The last installment paid
	X

	 	Date Payment Received
	 	<MM/DD/YYYY>
	 	Date payment was received by servicer
	X

	 	Payment Total Received
	 	<Number as
Decimal>
<#########.##>
	 	Transaction amount posted (ties to clearing
account)
	X

	 	Total P&I Collections
	 	<Number as
Decimal>
<#########.##>
	 	Principal and Net Interest for
transaction(ties to custodial account)
	X

	 	Total T&I Collections
	 	<Number as
Decimal>
<#########.##
	 	Escrow amount posted for transaction (ties to
T&I custodial account)
	X

	 	Suspense Amount
	 	<Number as
Decimal>
<##########.##>
	 	 Amount not applied to loan for transaction
	X

	 	Late Charges
	 	<Number as
Decimal>
<#########.##>
	 	Late charges applied to loan for transaction
	X

	 	Gross Interest
	 	<Number as
Decimal>
<#########.##>
	 	Gross interest amount collected for transaction
	X

	 	Net Interest
	 	<Number as
Decimal>
<#########.##>
	 	Net interest amount collected for transaction
	X

	 	Service Fee Rate
	 	<Number as
Decimal>
<#####.#####>
	 	Rate at which SF is calculated
	X

	 	Service Fee Amount
	 	<Number as
Decimal>
<#########.##>
	 	Service Fee amount collected for transaction
	X

	 	Pre-Paid Principal
	 	<Number as
Decimal>
<#########.##>
	 	Pre-paid principal collected for transaction
	X

	 	Pre-Paid Interest
	 	<Number as
Decimal>
<#########.##>
	 	Pre-paid interest collected for transaction
	X

	 	Pre-Paid Service Fee
	 	<Number as
Decimal>
<#########.##>
	 	Pre-paid service fee collected for transaction
	X

	 	Paid In Full Principal
	 	<Number as
Decimal>
<#########.##>
	 	Principal applied on paid-in-full loan for
transaction

10

 

	 	 	 	 	 	 	 
	30	 	 	 	 	 	 
	Required	 	Business Name	 	Allowable Values	 	Description
	X

	 	Paid In Full Interest
	 	<Number as
Decimal>
<#########.##>
	 	Interest applied on paid-in-full loan for
transaction
	X

	 	Curtailment
	 	<Number as
Decimal>
<#########.##>
	 	Unscheduled prin applied to reduce UPB for
transaction
	 

	 	Excess Service Fee Rate
	 	<Number as
Decimal>
<#####.#####>	 	 
	 

	 	Excess Service Fee
Amount
	 	<Number as
Decimal>
<##########.##>	 	 
	 

	 	IO Strip
	 	<Number as
Decimal>
<#########.##>	 	 

11

 

	 	 	 	 	 

	Program:

	 	Sub-Servicer
	 	One record for each delinquent payment
	Description:

	 	Delinquency Detail	 	 
	Frequency:

	 	Daily AdHoc (select remittance type)	 	 
	File Type:

	 	Tab delimited csv file	 	 
	File Name:

	 	DeliDetail_Weekly<Servicer Name><MMDDYYTY>.csv	 	 
	Business Owner:

	 	SF Ops	 	 

	 	 	 	 	 	 	 
	23	 	 	 	 	 	 
	Required	 	Business Name	 	Allowable Values	 	Description
	X

	 	Master Servicer Number.
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Sub-servicer Number
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Previous Servicer Number
	 	<TEXT>
	 	Legacy servicer’s FNMA seller/servicer ID
	X

	 	Program Type
	 	<TEXT>
	 	EAF or SUB
	X

	 	FNMA Status Code
	 	<TEXT>
	 	See legend for examples
	X

	 	Branch ID
	 	<TEXT>
	 	FNMA Branch ID identifier
	X

	 	Investor Number
	 	<TEXT>
	 	Number associated with the pool of loans
	X

	 	Effective Date
	 	<MM/DD/YYYY>
	 	Effective date of the data
	X

	 	FNMA loan Number
	 	<TEXT>
	 	Unique 10 digit loan number assigned by FNMA
	X

	 	Servicer Loan Number
	 	<TEXT>
	 	Loan number assigned by servicer
	X

	 	FNMA Remittance Type
	 	<TEXT>
	 	AA, SS, SA, MBS, MRS, RPM, EXP
	X

	 	Current UPB
	 	<Number as Decimal> <#########.##>
	 	UPB after last transaction posted
	X

	 	Next Payment Due Date
	 	<MM/DD/YYYY>
	 	Due date of loan after last payment received
	X

	 	Last Paid Installment Date
	 	<MM/DD/YYYY>
	 	The last installment paid
	X

	 	Delinquent P&1
	 	<Number as Decimal>
<##########.##>
	 	Principal and net interest due per payment
	X

	 	Delinquent Principal
	 	<Number as Decimal> <#########.##>
	 	Principal due per payment
	X

	 	Delinquent Interest
	 	<Number as Decimal> <#########.##>
	 	Net Interest due per payment
	X

	 	Delinquent Service Fee
	 	<Number as Decimal> <#########.##>
	 	Service fee due per payment
	X

	 	Delinquent Months
	 	<Number>
	 	Number of months of delinquent
	X

	 	Interest Type
	 	<TEXT>
	 	Amortization Type of Loan
	X

	 	Interest Only in Reporting Month
	 	<TEXT>
	 	Interest only identifier Y or N
	X

	 	Current Interest Rate
	 	<Number as Decimal> <#####.#####>
	 	Current interest rate on the loan
	X

	 	Loan Term
	 	<Number>
	 	Term of the loan
	 

	 	Excess Service Fee Rate
	 	<Number as Decimal> #########.##>	 	 
	 

	 	Excess Service Fee Amount
	 	<Number as Decimal> <#########.##>	 	 
	 

	 	IO Strip
	 	<Number as Decimal> <#########.##>	 	 

12

 

	 	 	 	 	 

	Program:

	 	Sub-Servicer
	 	One record per loan
	Description:

	 	Interest Shortfall	 	 
	Frequency:

	 	Monthly	 	 
	File Type:

	 	Tab delimited csv file	 	 
	File Name:

	 	IntShortfall_Monthly_<Servicer Name>_<MMDDYYYY>.csv	 	 
	Business Owner:

	 	SF Ops	 	 

	 	 	 	 	 	 	 
	18	 	 	 	 	 	 
	Required	 	Business Name	 	Allowable Values	 	Description
	X

	 	Master Servicer Number
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Sub-servicer Number
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Previous Servicer Number
	 	<TEXT>
	 	Legacy servicer’s FNMA seller/servicer ID
	X

	 	Program Type
	 	<TEXT>
	 	EAF or SUB
	X

	 	FNMA Status Code
	 	<TEXT>
	 	See legend for examples
	X

	 	Branch ID
	 	<TEXT>
	 	FNMA Branch ID identifier
	X

	 	Investor Number
	 	<TEXT>
	 	Number associated with the pool of loans
	X

	 	Effective Date
	 	<MM/DD/YYYY>
	 	Effective date of the data
	X

	 	FNMA Loan Number
	 	<TEXT>
	 	Unique 10 digit loan number assigned by FNMA
	X

	 	Servicer Loan Number
	 	<TEXT>
	 	Loan number assigned by servicer
	X

	 	FNMA Remittance Type
	 	<TEXT>
	 	AA, SS, SA, MBS, MRS, RPM, EXP
	X

	 	Curtailment Adjustment
	 	<Number as Decimal> <#########.##>
	 	Interest shortfall caused from scheduled vs. actual interest collected
	X

	 	Curtailment
	 	<Number as Decimal> <#########.##>
	 	Unscheduled prin applied to reduce UPB for transaction
	X

	 	Scheduled P&I Payment
	 	<Number as Decimal> <#########.##>
	 	Scheduled amount of P&I due at remit
	X

	 	Scheduled Principal
	 	<Number as Decimal> <#########.##>
	 	Scheduled amount of principal due at remit
	X

	 	Scheduled Interest
	 	<Number as Decimal> <#########.##>
	 	Scheduled amount of interest due at remit
	X

	 	Interest Type
	 	<TEXT>
	 	Amortization Type of Loan
	X

	 	Current Interest Rate
	 	<Number as Decimal> <#########.##>
	 	Current interest rate on the loan

13

 

	 	 	 	 	 

	Program:

	 	Sub-Servicer
	 	One record per loan
	Description:

	 	Loan Population / Boarding File	 	 
	Frequency:

	 	At Transfer	 	 
	File Type:

	 	Tab delimited csv file	 	 
	File Name:

	 	BoardingFile_Daily<Servicer Name>_<MMDDYYYY>.csv	 	 
	Business Owner:

	 	NSO	 	 

	 	 	 	 	 	 	 
	16	 	 	 	 	 	 
	Required	 	Business Name	 	Allowable Values	 	Description
	X

	 	Master Servicer Number
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Sub-servicer Number
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Previous Servicer Number
	 	<TEXT>
	 	Legacy servicer’s FNMA seller/servicer ID
	X

	 	Program Type
	 	<TEXT>
	 	EAF or SUB
	X

	 	Branch ID
	 	<TEXT>
	 	FNMA Branch ID identifier
	X

	 	Investor Number
	 	<TEXT>
	 	Number associated with the pool of loans
	X

	 	FNMA Loan Number
	 	<TEXT>
	 	Unique 10 digit loan number assigned by FNMA
	X

	 	Servicer Loan Number
	 	<TEXT>
	 	Loan number assigned by servicer
	X

	 	FNMA Remittance Type
	 	<TEXT>
	 	AA, SS, SA, MBS, MRS, RPM, EXP
	X

	 	Current UPB
	 	<Number as Decimal> <#########.##>
	 	UPB boarded at transfer
	X

	 	Next Payment Due Date
	 	<MM/DD/YYYY>
	 	Due date of loan after last payment received
	 

	 	Delinquent Principal
	 	<Number as Decimal> <#########.##>
	 	Principal due on loan at transfer
	 

	 	Delinquent Interest
	 	<Number as Decimal> <#########.##>
	 	Interest due on loan at transfer
	 

	 	Delinquent Service Fee
	 	<Number as Decimal> <##########.##>
	 	Service fee due on loan at transfer
	X

	 	Last Paid Installment Date
	 	<Number>
	 	The last installment paid
	 

	 	P&I Advance Balance
	 	<Number as Decimal> <#########.##>
	 	Legacy P&I advance balance at transfer
	X

	 	Corp Advance Balance
	 	<Number as Decimal> <#########.##>
	 	LegacyCorp advance balance at transfer
	X

	 	Escrow Advance Balance
	 	<Number as Decimal> <#########.##>
	 	Legacy Escrow advance balance at transfer
	X

	 	Total Advance Balance
	 	<Number as Decimal> <#########.##>
	 	Total outstanding advance balance (P&I + Escrow Corp)
	X

	 	Gfee Rate
	 	<Number as Decimal> <#########.##>
	 	Rate at which Gfee is calculated

14

 

	 	 	 	 	 

	Program:

	 	Sub-Servicer
	Description:

	 	P&I Draft Summary
	Frequency:

	 	Bi-Monthly
	File Type:

	 	Tab delimited csv file
	File Name:

	 	DraftSummary_Weekly_<Servicer Name>_<MMDDYYYY>.csv
	Business Owner:

	 	SF Ops

	 	 	 	 	 	 	 
	14	 	 	 	 	 	 
	Required	 	Business Name	 	Allowable Values	 	Description
	X

	 	Master Servicer Number
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Sub-servicer Number
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Previous Servicer Number
	 	<TEXT>
	 	Legacy servicer’s FNMA seller/servicer ID
	X

	 	Program Type
	 	<TEXT>
	 	EAF or SUB
	X

	 	Branch ID
	 	<TEXT>
	 	FNMA Branch ID identifier
	X

	 	Investor Number
	 	<TEXT>
	 	Number associated with the pool of loans
	X

	 	Draft Date
	 	<MM/DD/YYYY>
	 	Date FNMA drafts remittance amount
	X

	 	Reclass DLRS Credits
	 	<TEXT>	 	 
	X

	 	MBS P&I Draft Amount
	 	<Number as Decimal> <#########.##>
	 	Total MBS Draft Amount
	X

	 	MRS P&I Draft Amount
	 	<Number as Decimal> <#########.##>
	 	Total MRS Draft Amount
	X

	 	MBS P&I Advance Amount
	 	<Number as Decimal> <#########.##>
	 	Total MBS Advance Amount
	X

	 	MRS P&I Advance Amount
	 	<Number as Decimal> <#########.##>
	 	Total MRS Advance Amount
	X

	 	MBS Collections
	 	<Number as Decimal> <#########.##>
	 	Total MBS Collections
	X

	 	MRS Collections
	 	<Number as Decimal> <#########.##>
	 	Total MRS Collections

15

 

	 	 	 	 	 

	Program:

	 	Sub-Servicer
	 	One record per loan as of FNMA 
reporting cycle cut off 
	Description:

	 	Remittance Detail	 
	Frequency:

	 	2 Business Days Prior to Draft	 	 
	File Type:

	 	Tab delimited csv file	 	 
	File Name:

	 	RemitDetail_Daily_<Servicer Name>_<MMDDYYYY>.csv	 	 
	Business Owner:

	 	SF Ops	 	 

	 	 	 	 	 	 	 
	36	 	 	 	 	 	 
	Required	 	Business Name	 	Allowable Values	 	Description
	X

	 	Master Servicer Number
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Sub-servicer Number
	 	<TEXT>
	 	9 digit number assigned by FNMA
	X

	 	Previous Servicer Number
	 	<TEXT>
	 	Legacy servicer’s FNMA seller/servicer ID
	X

	 	Program Type
	 	<TEXT>
	 	EAF or SUB
	X

	 	FNMA Status Code
	 	<TEXT>
	 	See legend for examples
	X

	 	Branch ID
	 	<TEXT>
	 	FNMA Branch ID identifier
	X

	 	Investor Number
	 	<TEXT>
	 	Number associated with the pool of loans
	X

	 	Effective Date
	 	<MM/DD/YYYY>
	 	Effective date of the data
	X

	 	FNMA Loan Number
	 	<TEXT>
	 	Unique 10 digit loan number assigned by FNMA
	X

	 	Servicer Loan Number
	 	<TEXT>
	 	Loan number assigned by servicer
	X

	 	FNMA Remittance Type
	 	<TEXT>
	 	SS, SA, MBS, MRS, RPM, EXP ,
	X

	 	FNMA Remittance Amount
	 	<Number as Decimal> <#########.##>
	 	Amount remitted to FNMA
	X

	 	Beginning UPB
	 	<Number as Decimal> <#########.##>
	 	UPB prior to transaction
	X

	 	Current UPB
	 	<Number as Decimal> <#########.##>
	 	UPB at reporting cycle close
	X

	 	Next Payment Due Date
	 	<MM/DD/YYYY>
	 	Due date of loan after last payment received
	X

	 	Last Paid Installment Date
	 	<MM/DD/YYYY>
	 	The last installment paid
	X

	 	P&I Constant
	 	<Number as Decimal> <#########.##>
	 	Principal and Gross Interest
	X

	 	Principal
	 	<Number as Decimal> <#########.##>
	 	Principal remitted or due
	X

	 	Net Interest
	 	<Number as Decimal> <#########.##>
	 	Net interest remitted or due
	X

	 	Service Fee Rate
	 	<Number as Decimal> <######.#####>
	 	Rate at which SF is calculated
	X

	 	Service Fee Amount
	 	<Number as Decimal> <#########.##>
	 	Service Fee due to FNMA
	X

	 	Gfee Rate
	 	<Number as Decimal> <#####.#####>
	 	Rate at which Gfee is calculated
	X

	 	Gfee Amount
	 	<Number as Decimal> <#########.##>
	 	Gfee remitted or due
	X

	 	LPMI
	 	<Number as Decimal> <#########.##>
	 	Lender paid mortgage insurance premium due
	X

	 	Interest on Curtailment Adj
	 	<Number as Decimal> <#########.##>
	 	Adjustment applied to curtailment
	X

	 	Paid in full Principal
	 	<Number as Decimal> <#########.##>
	 	Paid-in-full principal remitted or due
	X

	 	Paid in full Interest
	 	<Number as Decimal> <#########.##>
	 	Paid-in-full interest remitted or due
	X

	 	Paid in Full Interest Adjustment
	 	<Number as Decimal> <#########.##>
	 	Interest adjustment from interest shortfall on paid-in-full loan

16

 

	 	 	 	 	 	 	 
	36	 	 	 	 	 	 
	Required	 	Business Name	 	Allowable Values	 	Description
	X

	 	Curtailment
	 	<Number as Decimal> <#########.##>
	 	Unscheduled prin applied to reduce UPS
	X

	 	FNMA Remittance Date
	 	<MM/DD/YYYY>
	 	Date funds drafted by FNMA
	X

	 	Current Scheduled UPB
	 	<Number as Decimal> <#########.##>
	 	Scheduled UPB after transaction
	X

	 	Scheduled P&I Payment
	 	<Number as Decimal> <#########.##>
	 	Scheduled amount of P&I due at remit
	X

	 	Interest Type
	 	<TEXT>
	 	Amortization Type of Loan
	X

	 	Interest Only In Reporting Month
	 	<TEXT>
	 	Interest only identifier Y or N
	X

	 	Current Interest Rate
	 	<Number as Decimal> <#########.##>
	 	Current interest rate on the loan
	X

	 	Loan Term
	 	<Number>
	 	Term of the loan
	 

	 	Excess Service Fee Rate
	 	<Number as Decimal> <##########.##>	 	 
	 

	 	Excess Service Fee Amount
	 	<Number as Decimal> <#########.##>	 	 
	 

	 	IO Strip
	 	<Number as Decimal> <#########.##>	 	 

17

 

Data Dictionary Legend

	 	 	 
	FNMA Status Codes
	Code	 	Description
	  0

	 	Current/Active/Standard Default
	12

	 	Relief provisions
	15

	 	Bankruptcy/litigation
	20

	 	Referred for deed-in-lieu or assignment
	30

	 	Referred for foreclosure
	59

	 	Out of Portfolio (OOPs) repurchases
	60

	 	Liquidated — Payoff
	65

	 	Liquidated — Repurchase
	66

	 	Liquidated — MBS substitution
	70

	 	Liquidated — Held for sale
	71

	 	Liquidated — 3rd party sale/condemnation
	72

	 	Liquidated — Pending conveyance
	74

	 	Assigned to Federal Housing Administration (FHA)/ Veterans Administration (VA)
	80

	 	Liquidated — Sold to Private Label Security
	90

	 	Loan liquidated in error and read to book of business source system. Not represent an actual loan liquidation.
	91

	 	Dissolution. Loan erroneously entered on source system and required to be liquidated to remove from source systems.
	99

	 	Other/error

	 	 	 
	Advances/Recoveries Type
	Code	 	Description
	LEGC

	 	Legacy Servicer Corporate Advances/Recoveries
	LEGE

	 	Legacy Servicer Escrow Advances/Recoveries
	CORP

	 	On-going Corporate Advances/Recoveries
	ESCR

	 	On-going Escrow Advances/Recoveries
	CMOD

	 	Capitalized Corporate Advances/Recoveries as a result of modification
	EMOD

	 	Capitalized Escrow Advances/Recoveries as a result of modification
	SCRA

	 	Soldiers and Sailors Buydown expenses
	LCLM

	 	Legacy Corporate Advances/Recoveries which a claim will be requested from the legacy servicer
	571C

	 	Corporate Recoveries paid thru 571 process
	571E

	 	Escrow Recoveries paid thru 571 process

	 	 	 
	FNMA Remittance Type
	Code	 	Description
	AA

	 	Actual/Actual
	SS

	 	Scheduled/Scheduled
	SA

	 	Scheduled/Actual
	MBS

	 	Mortgage Backed Security
	MRS

	 	Mortgage Remittance System
	RPM

	 	Rapid Payment Method
	EXP

	 	Express

18

 

	 	 	 	 	 
	571 Codes
	Code	 	Description,	 	Category
	  20

	 	Foreclosure Fee (20)
	 	Attorney
	  21

	 	Bankruptcy Fee (21)
	 	Attorney
	  22

	 	Deed In Lieu Fee (22)
	 	Attorney
	  23

	 	Possessory/Eviction Fee (23)
	 	Attorney
	  24

	 	Summary Judgment Fee (24)
	 	Attorney
	  25

	 	Proceeding Subsequent Fee (25)
	 	Attorney
	  26

	 	Fannie Mae-Approved Additional Fees (26)
	 	Attorney
	  29

	 	Unclassified Attorney Fees (29)
	 	Attorney
	  39

	 	Unclassified Additional Fees (39)
	 	Attorney
	  40

	 	Certified Mail Costs (40)
	 	Foreclosure Costs
	  41

	 	Eviction Costs (41)
	 	Foreclosure Costs
	  42

	 	Posting Costs (42)
	 	Foreclosure Costs
	  43

	 	Costs of Announcing Postponement (43)
	 	Foreclosure Costs
	  44

	 	Publication Notice Costs (44)
	 	Foreclosure Costs
	  45

	 	Recordation Costs: Notice of Default (45)
	 	Foreclosure Costs
	  46

	 	Recordation Costs: Substitution Trustee (46)
	 	Foreclosure Costs
	  47

	 	Recordation Costs: Sheriffs Deed (47)
	 	Foreclosure Costs
	  48

	 	Sheriffs Fees & Costs (48)
	 	Foreclosure Costs
	  49

	 	Trustee Sale (49)
	 	Attorney
	  50

	 	Cost of Title Examination/Abstract (50)
	 	Foreclosure Costs
	  51

	 	Cash for Keys/Relocation Expense (51)
	 	Foreclosure Costs
	  52

	 	Moving and Storage (52)
	 	Foreclosure Costs
	  59

	 	Unclassified Foreclosure Cost & Expense (59)
	 	Foreclosure Costs
	  60

	 	Hazard Premium (60)
	 	Insurance
	  61

	 	MI Premium (61)
	 	Insurance
	  62

	 	Flood Premium (62)
	 	Insurance
	  63

	 	Title Insurance (63)
	 	Insurance
	  64

	 	Dues (64)
	 	Owners Association
	  69

	 	Unclassified Dues (69)
	 	Owners Association
	  80

	 	Appraisal (80)
	 	Appraisal
	  89

	 	Unclassified Appraisal Fees (89)
	 	Appraisal
	100

	 	Broker’s Price Opinion (100)
	 	Appraisal
	120

	 	Property Inspection Fees (120)
	 	Appraisal
	140

	 	Electricity (140)
	 	Utility
	141

	 	Gas (141)
	 	Utility
	142

	 	Water (142)
	 	Utility
	149

	 	Unclassified Utility (149)
	 	Utility
	200

	 	Boarding Up (200)
	 	Property Preservation
	201

	 	Cleaning — Periodic (201)
	 	Property Preservation
	202

	 	Landscaping — Periodic (202)
	 	Property Preservation
	203

	 	Locksmith (203)
	 	Property Preservation
	204

	 	Maintenance/Yard Work (204)
	 	Property Preservation
	205

	 	Repairs — Miscellaneous (205)
	 	Property Preservation
	206

	 	Termite Treatment/Inspection (206)
	 	Property Preservation
	207

	 	Trash Removal (207)
	 	Property Preservation
	209

	 	Unclassified Property Preservation Fees (209)
	 	Property Preservation
	220

	 	Closing Costs (220)
	 	Miscellaneous
	240

	 	Workout Fee (240)
	 	Miscellaneous
	250

	 	Participation (250)
	 	Miscellaneous

19

 

	 	 	 	 	 
	571 Codes
	Code	 	Description,	 	Category
	260

	 	Other (260)
	 	Miscellaneous
	280

	 	Escrow Balance (280)
	 	Deductible
	281

	 	Hazard Refund (281)
	 	Deductible
	282

	 	Rental Proceeds (282)
	 	Deductible
	283

	 	Other Credits (283)
	 	Deductible
	290

	 	Cleaning — Initial (290)
	 	Property Preservation
	291

	 	Landscaping — Initial (291)
	 	Property Preservation
	292

	 	Trash Dumping Fees (292)
	 	Property Preservation
	293

	 	Winterization/De-winterization (293)
	 	Property Preservation
	294

	 	Snow Removal (294)
	 	Property Preservation
	295

	 	Swimming Pool — Initial Service (295)
	 	Property Preservation
	296

	 	Swimming Pool — Periodic Service (296)
	 	Property Preservation
	297

	 	Minor Repairs — Swimming Pool (297)
	 	Property Preservation
	298

	 	Minor Repairs — Sprinkler Service (298)
	 	Property Preservation
	299

	 	Minor Repairs — HVAC Service (299)
	 	Property Preservation
	301

	 	Service Fee (301)
	 	Property Preservation
	502

	 	Unclassified Taxes (502)
	 	Taxes
	504

	 	State Tax (504)
	 	Taxes
	505

	 	County Tax (505)
	 	Taxes
	506

	 	City Tax (506)
	 	Taxes
	507

	 	Property Tax (507)
	 	Taxes
	508

	 	Ground Rent Tax (508)
	 	Taxes
	509

	 	School Tax (509)
	 	Taxes
	510

	 	Sewer Tax (510)
	 	Taxes
	511

	 	Other Tax (511)
	 	Taxes

20exv10w4

Exhibit 10.4

CONFIDENTIAL
TREATMENT REQUESTED

STRATEGIC RELATIONSHIP AGREEMENT

between

FANNIE MAE

and

NATIONSTAR MORTGAGE LLC

Dated December 16, 2009

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 

	1. Strategic Relationship	 	 	2	 
	1.1
	 	Recitals	 	 	2	 
	1.2
	 	Servicing Transfers	 	 	2	 
	1.3
	 	Establishment of Division	 	 	2	 
	1.4
	 	Transfer of Division into Servicing Subsidiary	 	 	3	 
	1.5
	 	Call Option	 	 	8	 
	1.6
	 	Relationship Manager	 	 	10	 
	1.7
	 	Advisory Committee	 	 	10	 
	 
	 	 	 	 	 	 
	2. Servicing Standards	 	 	12	 
	2.1
	 	Subservicing	 	 	13	 
	2.2
	 	Servicing.	 	 	13	 
	2.3
	 	Compensation and Fees	 	 	13	 
	2.4
	 	Advance Facility.	 	 	14	 
	2.5
	 	Representations, Warranties and Indemnifications	 	 	15	 
	2.6
	 	Monthly Report	 	 	16	 
	2.7
	 	Separate Identification Number	 	 	16	 
	2.8
	 	Ownership	 	 	16	 
	 
	 	 	 	 	 	 
	3. Responsibilities of Nationstar	 	 	17	 
	3.1
	 	Possession of Mortgage Loan Files	 	 	17	 
	3.2
	 	Review of Past Servicing Activities	 	 	17	 
	3.3
	 	Third Party Notices	 	 	18	 
	3.4
	 	Assignments	 	 	18	 
	3.5
	 	Hazard Insurance	 	 	19	 
	3.6
	 	Establishment and Maintenance of Custodial Accounts for Subservicing	 	 	19	 
	3.7
	 	Modifications	 	 	19	 
	3.8
	 	Recourse	 	 	20	 
	3.9
	 	Document Custodian	 	 	20	 
	3.10
	 	Non-Solicitation	 	 	20	 
	3.11
	 	Litigation	 	 	20	 
	 
	 	 	 	 	 	 
	4. Loan Performance Advisor	 	 	21	 
	4.1
	 	Access to Data	 	 	21	 
	4.2
	 	Cooperation	 	 	22	 
	 
	 	 	 	 	 	 
	5. Representations and Warranties and Covenants of Nationstar	 	 	22	 
	5.1
	 	Representations	 	 	22	 
	5.2
	 	Affirmative Covenants of Nationstar	 	 	26	 
	5.3
	 	Negative Covenants of Nationstar	 	 	30	 
	5.4
	 	Notice of Certain Occurrences	 	 	32	 
	 
	 	 	 	 	 	 
	6. Confidential Information	 	 	33	 
	 
	 	 	 	 	 	 
	7. Consumer Personal Information	 	 	33	 
	 
	 	 	 	 	 	 
	8. Information Security Standards and Reviews	 	 	34	 
	 
	 	 	 	 	 	 
	9. Electronic Incident Reporting	 	 	34	 
	 
	 	 	 	 	 	 
	10. Use of Name	 	 	35	 
	 
	 	 	 	 	 	 
	11. Business Continuity	 	 	35	 

 

 

	 	 	 	 	 	 	 

	 
	 	 	 	 	 	 
	12. Staff and Facilities	 	 	35	 
	 
	 	 	 	 	 	 
	13. Customer Complaints	 	 	35	 
	13.1
	 	Provision of Complaints	 	 	35	 
	13.2
	 	Tracking Complaints	 	 	35	 
	 
	 	 	 	 	 	 
	14. Events Of Default	 	 	36	 
	14.1
	 	Events of Default.  The following events shall be “Events of Default”:	 	 	36	 
	 
	 	 	 	 	 	 
	15. Indemnifications	 	 	37	 
	15.1
	 	Servicer Indemnification	 	 	37	 
	15.2
	 	Fannie Mae Indemnification	 	 	37	 
	15.3
	 	Control of Defense	 	 	37	 
	 
	 	 	 	 	 	 
	16. Term and Termination	 	 	37	 
	16.1
	 	Term	 	 	37	 
	16.2
	 	Automatic Termination	 	 	38	 
	16.3
	 	Termination of Agreement by Fannie Mae With Cause	 	 	38	 
	16.4
	 	Termination of Agreement by Fannie Mae Without Cause	 	 	38	 
	16.5
	 	Termination of Agreement for Regulatory Event	 	 	39	 
	16.6
	 	Termination and Purchase of Fannie Mae Servicing Rights	 	 	39	 
	16.7
	 	Termination of Agreement by Nationstar	 	 	39	 
	16.8
	 	Termination of Subservicing Agreements	 	 	40	 
	16.9
	 	Termination of Servicing of REO Properties	 	 	40	 
	16.10
	 	Impact on MSSC	 	 	40	 
	16.11
	 	Survival	 	 	40	 
	16.12
	 	Disengagement Assistance	 	 	40	 
	16.13
	 	Recapture of MSR Subsidy	 	 	40	 
	 
	 	 	 	 	 	 
	17. Access to Records	 	 	41	 
	 
	 	 	 	 	 	 
	18. Waivers	 	 	41	 
	 
	 	 	 	 	 	 
	19. Entire Agreement; Amendment	 	 	42	 
	 
	 	 	 	 	 	 
	20. Applicable Law	 	 	42	 
	 
	 	 	 	 	 	 
	21. Relationship of Parties	 	 	42	 
	 
	 	 	 	 	 	 
	22. Severability of Provisions	 	 	42	 
	 
	 	 	 	 	 	 
	23. Waiver of Trial by Jury	 	 	42	 
	 
	 	 	 	 	 	 
	24. Assignability	 	 	42	 
	 
	 	 	 	 	 	 
	25. Signatures/Counterparts	 	 	43	 
	 
	 	 	 	 	 	 
	26. Notices	 	 	43	 
	 
	 	 	 	 	 	 
	27. Informal Dispute Resolution	 	 	44	 
	27.1
	 	Relationship Executives	 	 	44	 
	27.2
	 	Advisory Committee	 	 	44	 
	27.3
	 	Lead Executives	 	 	44	 
	 
	 	 	 	 	 	 
	28. Conflict with Fannie Mae Guides	 	 	45	 
	 
	 	 	 	 	 	 
	29. Definitions	 	 	45	 

3

 

Exhibit A     High Touch Servicing Protocols

Exhibit B     Loan Performance Advisor — Data Fields

Exhibit C     Form of Guaranty

Exhibit D     List of Ancillary Fees

Exhibit E     List of Bank Charges

4

 

Seller/Servicer #24147

Strategic Relationship Agreement

This Strategic Relationship Agreement is made by and between Fannie Mae, a corporation organized
and existing under the laws of the United States (“Fannie Mae”), and Nationstar Mortgage LLC, a
limited liability company organized and existing under the laws of the State of Delaware
(“Nationstar”), as of the 16th day of December, 2009 (the “Effective Date”).

RECITALS

WHEREAS, Fannie Mae and Nationstar have entered into a certain Mortgage Selling and Servicing
Contract dated as of August 6, 1997, as supplemented by a certain Nationstar Supplemental
Servicing Agreement dated as of November 14, 2008 and a certain Supplemental Servicing Agreement
dated as of September 30, 2009, along with certain variances thereto (the “MSSC”);

WHEREAS, Fannie Mae and Nationstar have entered into a certain Senior Secured Credit Agreement
dated as of October 1, 2009 and a certain Amended and Restated Servicer Advance Early Reimbursement
Mechanics Addendum dated as of September 30, 2009;

WHEREAS, Fannie Mae and Nationstar desire to establish a strategic relationship pursuant to which
Fannie Mae from time to time may designate Nationstar as a “high touch” servicer or subservicer
that is eligible to acquire servicing rights or enter into subservicing agreements with respect to
mortgage loans owned by Fannie Mae or by securitization trusts formed by Fannie Mae, in each case
pursuant to a transfer facilitated by Fannie Mae;

WHEREAS, Fannie Mae and Nationstar desire to enter into this Agreement for the purpose of setting
forth the terms and conditions of this strategic relationship and, where applicable, providing for
the amendment or supplement of the MSSC with respect to Fannie Mae Rights (as hereinafter defined)
that Nationstar acquires on or after the Effective Date and Fannie Mae Subservicing Appointments
(as hereafter defined) that Nationstar accepts on or after such date; and

WHEREAS, this Agreement shall be effective as of the Effective Date and shall apply to all Fannie
Mae Rights that are transferred to and accepted by Nationstar on or after the Effective Date.

NOW THEREFORE, in consideration of the mutual covenants and undertakings set forth herein and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
Fannie Mae and Nationstar hereby agree as follows.

 

 

AGREEMENTS

1. Strategic Relationship.

     1.1 Recitals. The Recitals are incorporated into this Agreement.

     1.2 Servicing Transfers. From time to time, Fannie Mae may (a) work with one or more
approved servicers to sell, transfer, convey, and assign Servicing Rights for certain Mortgage
Loans to Nationstar; (b) work with one or more approved servicers to appoint Nationstar to provide
Subservicing for certain Mortgage Loans for such servicers, or (c) appoint Nationstar to provide
Subservicing for certain Mortgage Loans for which Fannie Mae is the Servicer. If a Prior Servicer
hires Servicer as a subservicer and retains its ownership of the Servicing Rights, such Prior
Servicer will be relieved of its related day-to-day Servicing obligations but will have continued
liability for certain of its obligations as further described in the applicable Subservicing
Agreement. This Agreement shall apply to all such Servicing or Subservicing (whether the direct
Servicer is Fannie Mae or a Prior Servicer), as applicable. Fannie Mae shall consider and consult
in good faith with Nationstar about providing financing for subsequent purchases of Fannie Mae
Servicing Rights.

     1.3 Establishment of Division. Within six (6) months after the Effective Date, Nationstar
shall establish a newly created operating division of Nationstar that shall be responsible for
conducting the Servicing or Subservicing, as the case may be, of the Mortgage Loans pursuant to
this Agreement and the Ancillary Documents (the “Division”).

               1.3.1 Baseline Servicing Functions. The Division shall immediately hold
sufficient properties, assets, employees and rights to perform the Baseline Servicing
Functions. All other Servicing Functions shall be performed by Nationstar on behalf of the
Division. Nationstar may assess the costs of providing such other Servicing Functions to the
Division in an amount equal to Nationstar’s direct costs plus a reasonable allocation under
an allocation methodology based on changing circumstances, modified from time to time, by
Nationstar and reasonably acceptable to Fannie Mae of Nationstar’s overhead or general
corporate costs.

               1.3.2 Separation of Operations. The Division, which shall not be a separate
legal entity, shall be operated in a manner that is, to the extent practicable or otherwise
required hereunder, internally separate and distinct from the general servicing and
subservicing business of Nationstar, it being understood that, unless otherwise provided
herein, Nationstar will provide the Corporate Services and Subsidiary Servicing Functions.
The Division shall be staffed with Dedicated Employees to perform the functions detailed in
Section 1.3.1 and maintain separate financial records so as to enable Nationstar to comply
with its obligations under this Agreement.

2

 

               1.3.3 External References. Notwithstanding the foregoing, Nationstar shall not
externally distinguish the Division from its general servicing and subservicing operations,
the Division shall not use a separate trade or fictitious name and the Division shall not
separately identify itself from Nationstar in its dealings with Mortgagors, Investors,
Insurers, Governmental Authorities, counterparties under Contractual Obligations, or other
third parties. Nationstar shall cause the Division to perform under this Agreement and the
Ancillary Documents, and Nationstar shall remain contractually responsible for all
Contractual Obligations under this Agreement and the Ancillary Documents.

               1.3.4 Assumption of Servicing Functions. Within the time frames established in
the Annual Business Plans, increasing amounts of the Servicing Functions will be performed by
Dedicated Employees of the Division when Nationstar and Fannie Mae jointly determine it is
economically and administratively feasible to do so based on, among other factors, the volume
of Fannie Mae Rights being administered by the Division.

               1.3.5 Transition Period. Between the Effective Date and the date that the
Division commences operation, Nationstar and Fannie Mae shall continue to operate under this
Agreement and the Ancillary Documents without interruption.

     1.4 Transfer of Division into Servicing Subsidiary. At any time during the term of this
Agreement following the transfer, or written binding and non-terminable commitment to transfer
within thirty (30) days to, Nationstar of Fannie Mae Rights (excluding the Excluded Assets) with an
aggregate outstanding principal balance of $15 billion or more but in no event earlier than nine
(9) months after the Effective Date, Fannie Mae may elect to require Nationstar to transfer the
business of the Division (other than the Excluded Assets) to a newly formed subsidiary (which shall
be a Delaware limited liability company unless otherwise agreed to by the Parties) wholly-owned by
Nationstar (the “Servicing Subsidiary”). The Servicing Subsidiary shall be created and operating
within six (6) months of such notice (or as soon as reasonably practicable thereafter, including
taking into account the time needed to obtain necessary governmental and other approvals required
in connection with such transfer). Unless and until Fannie Mae makes such election and the
transfer to the Servicing Subsidiary is completed, the Fannie Mae Rights will remain within the
Division.

               1.4.1 Effecting the Transfer. The Servicing Subsidiary shall enter into a
separate Mortgage Selling and Servicing Contract with Fannie Mae, which shall constitute a
Contract, and the Servicing Subsidiary shall assume all of Nationstar’s obligations under
this Agreement and the related Ancillary Documents. At the point of such assumption, the
Servicing Subsidiary shall assume all rights, responsibilities and obligations relating to
the Servicing and Subservicing hereunder (other than any Mortgage Loans relating to the
Excluded Assets) pertaining to the period on and after such assumption, and it shall be
deemed to have made all of the representations and warranties of Nationstar set forth in
Section 5.1.1 as of the date it assumes this Agreement; references in this Agreement to
Nationstar (but not to Nationstar Mortgage LLC) or the Division shall mean the Servicing
Subsidiary, and

3

 

Nationstar Mortgage LLC shall have no further rights, responsibilities or obligations
under this Agreement and the related Servicing Agreements and Subservicing Agreements
pertaining to the Fannie Mae Rights except as explicitly set forth in this Agreement. The
transfer shall include, but not be limited to, formation of the new business entity;
obtaining licenses or approvals from all applicable licensing entities necessary to conduct
the business in the same manner as conducted by the Division at the time of such transfer;
the execution of a new, NDA by and between Fannie Mae and the Servicing Subsidiary
(substantially similar to the NDA); the transfer to the Servicing Subsidiary of substantially
all of the properties, assets, employees and rights of the Division (including the Fannie Mae
Rights that are not Excluded Assets and excluding all properties, assets, employees and
rights of the Division principally related to the Excluded Assets) that principally are used
to conduct the business of Servicing and Subservicing the Fannie Mae Rights; and liabilities
and obligations of Nationstar and the Division principally related to the assets, properties,
employees and rights being transferred to the Servicing Subsidiary pertaining to the period
on and after such transfer.

               1.4.2 Servicing Functions. Nationstar Mortgage LLC shall ensure that, effective
as of the commencement of the Servicing Subsidiary’s operations, the Servicing Subsidiary is
capable of and is performing all of the Baseline Servicing Functions, and Subsidiary
Servicing Functions. Until such time as the call option (described in paragraph 1.5 below)
is exercised, Nationstar Mortgage LLC may continue to perform the Corporate Services on
behalf of the Servicing Subsidiary pursuant to a Shared Services Agreement. Nationstar
Mortgage LLC may assess the costs of providing the Corporate Services to the Servicing
Subsidiary in an amount equal to Nationstar’s direct costs plus a reasonable allocation under
an allocation methodology based on changing circumstances, modified from time to time, by
Nationstar Mortgage LLC and reasonably acceptable to Fannie Mae of Nationstar’s overhead or
general corporate costs.

               1.4.3 Technology Agreements. Pursuant to one or more mutually agreeable,
commercially reasonable, industry standard agreements, Nationstar Mortgage LLC shall (i) if
permissible, sub-license to the Servicing Subsidiary, or obtain at Fannie Mae’s cost a new
mutually agreeable, commercially reasonable industry standard license to, all third-party
technology and (ii) grant to the Servicing Subsidiary a perpetual, nontransferable,
nonexclusive, paid up, royalty free license to use the proprietary application software
programs (including all related documentation) and other technology of Nationstar Mortgage
LLC (provided that the right to all future updates, modifications and enhancements shall
cease at the expiration of Nationstar or Nationstar Mortgage LLC’s obligation to provide
Shared Services under this Agreement), in each case that is necessary or appropriate to
operate the Servicing Subsidiary in the manner in which the Division operated prior to the
transfer (taking into account the retention of the Excluded Assets by Nationstar Mortgage LLC
and the assumption by the Servicing Subsidiary of all of the Shared Services pertaining to
the Servicing and Subservicing functions). On or before the effective date of transfer of
the assets to

4

 

the Servicing Subsidiary, Nationstar Mortgage LLC shall place the proprietary software
programs in escrow with an escrow agent approved by the Servicing Subsidiary (such approval
not to be unreasonably withheld) and shall thereafter ensure that such escrow contains a
then-current copy of the proprietary software programs and any updates, upgrades, maintenance
releases, patches, bug fixes and other changes to such programs in both object code and
source code formats for the time period specified in this Section 1.4.3. Such escrow shall
also include (a) a then-current copy of all documentation associated with the proprietary
software programs, (b) all codes, passwords, encryption keys and other information necessary
for the Servicing Subsidiary to access the escrowed materials, (c) all proprietary tools,
compilers, editors and other programs necessary for the Servicing Subsidiary to access the
escrowed materials, and (d) then-current contact information (e.g., name, address, phone
number) for the primary developers of the proprietary software programs. The Servicing
Subsidiary will be designated as a beneficiary in the escrow agreement and may access the
escrowed materials upon notice by the Servicing Subsidiary to the escrow agent that
Nationstar Mortgage LLC is no longer maintaining the proprietary software programs in a
reasonable manner.

               1.4.4 Refinance Agreement. The Servicing Subsidiary will enter into a separate
mutually agreeable, commercially reasonable joint marketing agreement with Nationstar
Mortgage LLC pursuant to which Nationstar Mortgage LLC will refinance Mortgage Loans serviced
or subserviced by the Servicing Subsidiary subject to direction from the Advisory Committee
and otherwise in accordance with Servicing Standards, including, without limitation,
evaluating the eligibility of a Mortgagor whose Mortgage Loan is delinquent or as to which a
delinquency is imminent for an FHA-insured refinancing under FHA’s Hope for Homeowners
Program.

               1.4.5 Expenses. In connection with any such transfer, Fannie Mae shall pay,
against reasonable documentation, all reasonable, out-of-pocket costs and expenses of
Nationstar, including reasonable, third-party costs and expenses of Nationstar and its
representatives that are associated with the formation of the Servicing Subsidiary and
obtaining the required licenses or other approvals from any Governmental Authority or third
party and transferring the assets and liabilities of the Division (other than the Excluded
Assets) to the Servicing Subsidiary.

               1.4.6 Transition Period. Between the date that Fannie Mae elects to require the
transfer of the business into the Servicing Subsidiary and the date that the transfer to the
Servicing Subsidiary is complete (such period, the “Servicing Subsidiary Transition Period”),
Nationstar and Fannie Mae shall continue to operate under this Agreement and the related
Servicing Agreements and Subservicing Agreements without interruption.

               1.4.7 Obligations of Nationstar Mortgage LLC Following Assumption by the Servicing
Subsidiary. Notwithstanding the assumption of this

5

 

Agreement by the Servicing Subsidiary following the transfer of the Division to the
Servicing Subsidiary, Nationstar Mortgage LLC independently shall remain (a) responsible
under this Agreement to perform the following representations, warranties and covenants with
respect to it for the period following such transfer and assumption and (b) otherwise be
subject to the following provisions:

	 	•	 	Section 1 Strategic Relationship

	 	•	 	1.4 Transfer of Business into the Servicing Subsidiary
	 
	 	•	 	1.5 Call Option

	 	•	 	Section 3 Responsibilities of Nationstar

	 	•	 	3.10 Non-Solicitation

	 	•	 	Section 5 Representations, Warranties and Covenants of Servicer

	 	•	 	5.1.1.13 Delivery of Financial Statements

	 	•	 	5.2 Affirmative Covenants

	 	•	 	5.2.9 Delivery of Financial Statements
	 
	 	•	 	5.2.10 Provisions of Audits and Examinations by Governmental Authorities
	 
	 	•	 	5.2.14 Annual Officer’s Certificate, but only for the calendar year in
which the transfer of Fannie Mae Rights to the Servicing Subsidiary occurs and
only for the stub portion of that year prior to the date on which the transfer
occurs
	 
	 	•	 	5.2.15 Reg AB Certificate, but only for the calendar year in which the
transfer of Fannie Mae Rights to the Servicing Subsidiary occurs and only for
the stub portion of that year prior to the date on which the transfer occurs
	 
	 	•	 	5.2.16 Maintenance of Servicer Participation Agreement

	 	•	 	5.3 Negative Covenants

	 	•	 	5.3.1 Lien on Fannie Mae Rights
	 
	 	•	 	5.3.2 Settlement of Actions Affecting Fannie Mae Rights
	 
	 	•	 	5.3.8 Appointment of Subservicers

	 	•	 	5.4 Notice of Certain Occurrences

	 	•	 	5.4.1 Notice of Default
	 
	 	•	 	5.4.2 Notice of Legal Proceedings
	 
	 	•	 	5.4.3 Notice of Material Adverse Event
	 
	 	•	 	5.4.4 Notice of Proposed Change of Control
	 
	 	•	 	5.4.5 Notice of Change in Directors and Responsible Officers
	 
	 	•	 	5.4.6 Notice of Termination from Investor
	 
	 	•	 	5.4.7 Notice of Repurchase or Indemnification Demand
	 
	 	•	 	5.4.8 Notice in Response to Fannie Mae Request

	 	•	 	Section 6 Confidential Information

6

 

	 	•	 	Section 7 Consumer Personal Information
	 
	 	•	 	Section 8 Information Security Standards and Reviews
	 
	 	•	 	Section 9 Electronic Incident Reporting
	 
	 	•	 	Section 10 Use of Name
	 
	 	•	 	Section 11 Business Continuity
	 
	 	•	 	Section 12 Staff and Facilities
	 
	 	•	 	Section 13 Customer Complaints
	 
	 	•	 	Section 14 Events of Default
	 
	 	•	 	Section 15 Indemnification
	 
	 	•	 	Section 16 Term and Termination

	 	•	 	16.1 Term
	 
	 	•	 	16.2 Automatic Termination
	 
	 	•	 	16.3 Termination of Agreement With Cause
	 
	 	•	 	16.4 Termination of Agreement Without Cause
	 
	 	•	 	16.5 Termination of Agreement for Regulatory Event
	 
	 	•	 	16.6 Termination of Agreement by Nationstar

	 
	 	•	 	16.10 Impact on MSSC

	 	•	 	Section 17 Access to Records
	 
	 	•	 	Section 18 Waivers
	 
	 	•	 	Section 19 Entire Agreement
	 
	 	•	 	Section 20 Applicable Law
	 
	 	•	 	Section 21 Relationship of Parties
	 
	 	•	 	Section 22 Severability of Provisions
	 
	 	•	 	Section 23 Waiver of Trial by Jury
	 
	 	•	 	Section 24 Assignability
	 
	 	•	 	Section 25 Signatures/Counterparts
	 
	 	•	 	Section 26 Notices

7

 

	 	•	 	Section 27 Definitions

     1.5 Call Option.

               1.5.1 Right to Acquire. At any time (i) thirty (30) months after Fannie Mae
transfers $15 billion of Fannie Mae Servicing Rights (excluding the Excluded Assets) to
Nationstar or (ii) after Fannie Mae terminates this Agreement pursuant to Section 16.3 of
this Agreement, and, in either case, upon at least nine (9) months prior written notice
(which written notice, in the case of clause (i) above, may be delivered during the
aforementioned thirty (30) month period) to Nationstar, Fannie Mae shall have the right to
require Nationstar Mortgage LLC or Nationstar, respectively, to sell, transfer, convey, and
assign to Fannie Mae or its designee (the “Designee”), either (x) all of the issued and
outstanding stock or membership interests of the Servicing Subsidiary or (y) all or
substantially all of the properties, assets, employees, rights, third party sub-licenses,
perpetual proprietary technology licenses, and the business of the Servicing Subsidiary
(including without limitation the Fannie Mae Rights acquired after December 31, 2009), that
principally are used in the Servicing Subsidiary and, subject to the next sentence, all of
the liabilities and obligations of the Servicing Subsidiary. In the case of an asset
acquisition under clause (y) above, Fannie Mae or its Designee shall assume only those
liabilities related to the acquired assets that pertain to the period after the acquisition
and expressly shall exclude the related liabilities of the Servicing Subsidiary that pertain
to the period prior to the acquisition. Neither form of acquisition shall include the
Excluded Assets. The Servicing Subsidiary shall not retain, and Nationstar shall be entitled
to distribute to itself or otherwise transfer to itself or its designee, the Excluded Assets
and any other assets that are not principally used in connection with the Servicing
Subsidiary relating to the Fannie Mae Rights (including the retention of assets principally
used in the origination and sale of mortgage loans).

               1.5.2 Designee. If Fannie Mae assigns its call rights to a Designee, the
Designee must be an Affiliate of Fannie Mae that Fannie Mae has no present intention or plans
to divest, sell, assign or otherwise dispose of, and Fannie Mae will not divest, sell, assign
or otherwise dispose of such Affiliate for one year after its acquisition of the Servicing
Subsidiary unless directed pursuant to a Regulatory Event.

               1.5.3 Documenting the Purchase. Any such purchase by Fannie Mae shall be made
pursuant to the terms of a mutually agreeable, commercially reasonable, industry-standard
purchase and sale agreement. Among other provisions, the purchase and sale agreement shall
protect Fannie Mae or its Designee against the acts, errors or omissions of Nationstar and,
if applicable, the Servicing Subsidiary prior to such acquisition by Fannie Mae. The
purchase and sale agreement shall provide for customary closing conditions, including the
receipt of all necessary third party and governmental consents. The assignment of any
license of proprietary technology shall provide that such license shall be solely for use by
Fannie Mae or its Designee in connection with the servicing or subservicing

8

 

of mortgage loans for Fannie Mae, including, without limitation, with respect to the
Fannie Mae Rights.

               1.5.4 Provision of Services. Nationstar Mortgage LLC shall ensure that, prior
to the closing of the call transaction, the Servicing Subsidiary is capable of and is
performing all of the Baseline Servicing Functions, Subsidiary Servicing Functions and the
“real estate,” “IT services,” and “Legal(pertaining to regulatory compliance and state and
local licensing)” components of the Corporate Services. Nationstar Mortgage LLC shall
provide to Fannie Mae or its Designee any of the Corporate Services (other than “legal and
compliance,” “finance,” “corporate insurance” and “employee benefits”)or Refinance Services
that Fannie Mae or its Designee may reasonably request pursuant to a mutually agreeable,
commercially reasonable, industry standard transition services agreement for a term of up to
eighteen (18) months (however, if Fannie Mae assigns its call rights to a non-Affiliate or
disposes of the Servicing Subsidiary or its assets to a non-Affiliate, Nationstar Mortgage
LLC’s obligation to provide such services shall in no event extend for a period of more than
twelve (12) months) and at a price in no event higher than the price charged by Nationstar
under the Shared Services Agreement (for the avoidance of doubt, if the price in question is
based upon cost, Nationstar and Nationstar Mortgage LLC may continue to charge their costs
consistent with the terms of Section 1.4.2 even if such costs increase), in each case to
ensure that, following the consummation of the acquisition, Fannie Mae or its Designee has
sufficient properties, assets, employees, rights, and services (other than the Excluded
Assets) as are reasonably necessary to enable Fannie Mae or its Designee to operate the
acquired business in substantially the same manner that the Division or the Servicing
Subsidiary operated the business and administered the Fannie Mae Rights prior to such sale;
provided, however, that Fannie Mae shall agree in good faith to modifications to the pricing
of the Corporate Services or Refinance Services proposed by Nationstar in order to take into
account the changed nature of the relationships of the Parties and the costs to perform such
Services, as long as such modified pricing does not exceed the fair market value for such a
service.

               1.5.5
Purchase Price. The methodology for the calculation of the purchase price
shall differ depending on whether the Fannie Mae Rights are Fannie Mae Servicing Rights or
Fannie Mae Subservicing Appointments. Such methodology shall be the same regardless of
whether the transaction is structured as an asset or stock/membership interest sale.

                    1.5.5.1 The first component of the purchase price is the Capital Basis in the
Servicing Subsidiary plus a ten percent (10%) compounded and annualized return on such
Capital Basis.

                    1.5.5.2 The second component of the purchase price applies only to the purchase of the
Fannie Mae Servicing Rights owned by Nationstar. Fannie Mae shall pay an amount equal to
the product of (i) a fraction, the numerator of which is Nationstar’s costs based on the
economic value it contributed to acquire such Fannie Mae Servicing Rights and the
denominator of

9

 

which is the unpaid principal balance of the loans underlying such Fannie Mae
Servicing Rights at the time of such acquisition by Nationstar, excluding any subsidy paid
by Fannie Mae in connection therewith, and (ii) the unpaid principal balance of such Fannie
Mae Servicing Rights at the time Fannie Mae purchases such Fannie Mae Servicing Rights
pursuant to this Section 1.5, less the amount of indebtedness in respect of such Fannie Mae
Servicing Rights due to be repaid to Fannie Mae, which shall then be deemed repaid. The
purchase price for the second component shall be paid by Fannie Mae in three installments:
20% on the sale date, 70% on the payment date, which generally is five (5) days after the
Servicing Transfer Date, and a 10% document holdback, all as to be more fully described in
the purchase and sale agreement.

               1.5.6 Partial Purchase. In lieu of Fannie Mae acquiring all of the ownership
interest or assets in or of the Servicing Subsidiary, at the election of Fannie Mae, the
Parties shall negotiate in good faith to seek to reach agreement on an alternative structure
that would enable Fannie Mae to acquire a partial economic interest in the revenues or
profitability of the Servicing Subsidiary, which may include non-voting ownership interests
or contract rights.

     1.6 Relationship Manager. Nationstar shall dedicate a knowledgeable and skilled
relationship manager responsible for managing Nationstar’s and Division’s relationship with Fannie
Mae, provided that such relationship manager shall be dedicated to Fannie Mae on a full time basis
when the aggregate outstanding principal balance of the Fannie Mae Rights serviced or subserviced
by Nationstar (and the Servicing Subsidiary) pursuant to this Agreement exceeds $15 billion of
non-Excluded Assets. Nationstar shall dedicate sufficient additional knowledgeable and skilled
staff to evaluate the feasibility of suggestions by Fannie Mae and respond to issues and concerns
raised by Fannie Mae. In the event that Fannie Mae is reasonably dissatisfied with the
relationship manager, Nationstar shall be required to change the relationship manager at Fannie
Mae’s written request within sixty (60) days of notice of such election by Fannie Mae.

     1.7 Advisory Committee.

               1.7.1 Formation and Purpose. Nationstar Mortgage LLC and Fannie Mae shall
appoint an advisory committee (“Advisory Committee”). Senior management of Nationstar will
provide information to the Advisory Committee regarding the business operations of Nationstar
pertaining to the Fannie Mae Rights, and the Advisory Committee will advise and make
recommendations to Nationstar Mortgage LLC’s senior management regarding the business
operations of Nationstar (and later the Servicing Subsidiary) pertaining to the Fannie Mae
Rights and will exercise any approval rights of Fannie Mae as provided in this Agreement;
provided, that nothing in this Section 1.7 shall create any additional approval rights for
Fannie Mae that are not expressly set forth in this Agreement. Topics for the Advisory
Committee include:

	 	(a)	 	Servicing strategies (to improve credit
performance), including:

10

 

	 	(1)	 	results
provided by the Loan Performance Advisor as provided
in Section 4 hereof;
	 
	 	(2)	 	High Touch Servicing Protocols;
	 
	 	(3)	 	staffing levels; and
	 
	 	(4)	 	the cost of implementing such strategies;

	 	(b)	 	The Annual Business Plan, including any
updates or changes thereto;
	 
	 	(c)	 	Refinance and retention strategies;
	 
	 	(d)	 	The creation of the Division;
	 
	 	(e)	 	The transfer of responsibility for
Servicing Functions from Nationstar Mortgage LLC to the Division over
time;
	 
	 	(f)	 	The creation of the Servicing Subsidiary
and transition from Division to the Servicing Subsidiary;
	 
	 	(g)	 	The transfer of responsibility for
Servicing Functions from Nationstar Mortgage LLC to the Servicing
Subsidiary over time; and
	 
	 	(h)	 	The calculation of the Expense Recapture
Amount in respect of a termination by Fannie Mae pursuant to Sections
16.4 and 16.5 of this Agreement

     Within 90 days following the Effective Date, the Advisory Committee will agree upon a
governance process to reflect Nationstar’s and Fannie Mae’s roles and responsibilities, the
relationship management structure and decision-making process. If the Advisory Committee cannot so
agree on a governance process, the dispute shall be submitted to the Lead Executives pursuant to,
and in accordance with the provisions of, Section 1.7.4. Neither Nationstar nor Fannie Mae shall
be in breach of this Agreement if the Advisory Committee or the Lead Executives fail to agree as to
such governance process.

               1.7.2 Composition and Meetings. Each of Fannie Mae and Nationstar Mortgage LLC
shall have the right to appoint two (2) representatives to serve on the Advisory Committee.
The Advisory Committee shall meet on a monthly basis for the first year after the Effective
Date and thereafter on a quarterly basis or such other periodic basis as may be mutually
agreed to by Nationstar Mortgage LLC and Fannie Mae. Special meetings of the Advisory
Committee may also be called at any time by Nationstar Mortgage LLC or Fannie Mae provided
that notice of such special meeting shall be provided at least five (5) Business Days prior
to the intended meeting date. All meetings of the Advisory Committee may

11

 

be conducted in person or via telephone conference. At any meeting of the Advisory
Committee, the presence of at least one representative of each of Nationstar Mortgage LLC and
Fannie Mae shall constitute a quorum. Any meeting may be adjourned from time to time by the
representatives present at the meeting, whether or not a quorum is present, and the meeting
may be held as adjourned upon at least three (3) Business Days’ written notice to all the
representatives, unless such notice is waived. A majority vote of those representatives
present at a meeting in which a quorum is present shall be sufficient for voting on
recommendations to Nationstar Mortgage LLC’s senior management on behalf of Fannie Mae or
Nationstar Mortgage LLC or exercising any approval rights of Fannie Mae or Nationstar
Mortgage LLC as provided in this Agreement.

               1.7.3 Voting. Any recommendations of the Advisory Committee shall be binding
on Nationstar and Nationstar Mortgage LLC, if the recommendations pertain to the method of
Servicing or Subservicing the Fannie Mae Rights and administration of the Fannie Mae Rights
(including the Excluded Assets), but shall not be binding on Nationstar or Nationstar
Mortgage LLC if the recommendations pertain to the affairs of Nationstar or Nationstar
Mortgage LLC as a limited liability company or its loan origination business or its servicing
of non-Fannie Mae Rights or other lines of business unrelated to Servicing and Subservicing
of Fannie Mae Rights (except with respect to the provisions of Sections 1.4 and 1.5). The
Advisory Committee shall have no authority to exercise any rights of Fannie Mae under the
MSSC or other Contracts and the Fannie Mae Guides with respect to the approval of the
transfer or the termination of the Fannie Mae Rights or to otherwise impair Fannie Mae’s
rights under the MSSC or other Contracts and Fannie Mae Guides. Any exercise of the prior
approval rights of Fannie Mae otherwise provided in this Agreement by the members of the
Advisory Committee representing Fannie Mae shall be binding on Nationstar Mortgage LLC and
Nationstar Mortgage LLC shall be entitled to conclusively rely on the exercise of such
approval rights. The two members of the Advisory Committee designated by Fannie Mae will not
be entitled to any compensation from Nationstar Mortgage LLC or the Servicing Subsidiary for
their time of service.

               1.7.4 Deadlock. If the representatives of the Advisory Committee are unable to
reach agreement on any material issue that comes before it, any representative may cause the
issue to be resolved pursuant to Section 27.3 hereof.

               1.7.5 Effect on Approval Rights. Notwithstanding the right of Fannie Mae and
Nationstar to form an Advisory Committee or the existence of an Advisory Committee,
Nationstar and Fannie Mae may exercise any rights and approvals afforded them under this
Agreement at any time and as otherwise provided in this Agreement, and shall not be required
to exercise such rights and approvals exclusively or solely through the Advisory Committee.

2. Servicing Standards. Except as otherwise set forth in this Agreement or the applicable
Subservicing Agreement, Nationstar shall carry out all of the responsibilities

12

 

required of a servicer as set forth in the Contracts and the Fannie Mae Guides. Nationstar will
service or subservice, as applicable, the Mortgage Loans in accordance with the Servicing
Standards. Fannie Mae expressly reserves the right to manage all REO Property dispositions in
accordance with the Fannie Mae Guides.

     2.1 Subservicing. Nationstar, Fannie Mae and, if applicable, Prior Servicer will enter
into a separate Subservicing Agreement on commercially reasonable terms and conditions with respect
to each transfer of Fannie Mae Subservicing Appointments facilitated by Fannie Mae pursuant to two
mutually agreeable forms, one with respect to tri-party Subservicing Agreements among Nationstar,
Fannie Mae and Prior Servicer and the other with respect to Subservicing Agreements between
Nationstar and Fannie Mae. Each Subservicing Agreement, when duly executed by the Parties, will
become part of this Agreement as if fully set out in the text hereof and will be subject to all of
the terms and conditions of this Agreement.

     2.2 Servicing.

               2.2.1 Supplemental Servicing Agreement. When Nationstar acquires new portfolios
of Fannie Mae Servicing Rights, Nationstar and Fannie Mae may enter into separate
supplemental servicing agreements providing for the provision and recapture of any subsidies
paid by Fannie Mae to facilitate the purchase by Nationstar of such Fannie Mae Servicing
Rights, the payment by Fannie Mae of additional compensation for Servicing and such other
provisions as the Parties may then agree (each a “Supplemental Servicing Agreement”). Each
Supplemental Servicing Agreement, when duly executed by the Parties, will become part of this
Agreement as if fully set out in the text hereof and will be subject to all of the terms and
conditions of this Agreement. Nationstar and Fannie Mae shall negotiate the terms and
conditions of each Supplemental Servicing Agreement in good faith.

               2.2.2 Purchase of Subservicing Appointments. Except in the case that Fannie Mae
elects to terminate the applicable Subservicing Agreements with or without cause, Fannie Mae
shall grant Nationstar the opportunity to bid on any Fannie Mae Subservicing Appointments
subject to this Agreement that Fannie Mae subsequently elects to sell by providing Nationstar
with thirty (30) days advance notice of Fannie Mae’s intention to market such Subservicing
Appointments and the advance opportunity to negotiate and enter into an executed term sheet
with Fannie Mae for the exclusive right to purchase such Subservicing Appointments from
Fannie Mae subject to the terms and conditions specified therein. Notwithstanding the
foregoing, nothing herein shall be construed to require Fannie Mae to sell such Fannie Mae
Subservicing Appointments to Nationstar.

     2.3 Compensation and Fees. Fannie Mae shall compensate Nationstar for the Servicing and
Subservicing functions that it performs in accordance with the provisions of this Agreement, the
applicable Subservicing Agreement and any Supplemental Servicing Agreement.

13

 

               2.3.1 Stated Servicing Fee. With respect to Fannie Mae Servicing Rights,
Nationstar has the right to collect and retain the Stated Servicing Fee on each Mortgage Loan
earned and calculated in accordance with the Guides.

               2.3.2 Base Subservicing Fee. The base subservicing fees shall be set in each
Subservicing Agreement and shall be competitive for the type of Fannie Mae Subservicing
Appointments that are subject to such Subservicing Agreement. Fannie Mae and Nationstar may
collaborate on the production of a quarterly market survey of subservicing fees and
compensation to inform the determination of the base subservicing fee for each Subservicing
Agreement.

               2.3.3 Ancillary Fees. Nationstar will be permitted to assess and collect
various types of fees or income ancillary to the performance of the Servicing functions on
the Mortgage Loans (“Ancillary Fees”), in reliance on Nationstar’s assurance that such
Ancillary Fees comply with Servicing Standards. Attached as Exhibit D is a list of maximum
Ancillary Fees assessed by Subservicer for additional services required by Mortgagors. In
addition, Nationstar may assess and collect late fees as authorized by the Mortgage Note
signed by the Mortgagor. With respect to the Mortgage Loans, Nationstar will not exceed any
of these fees during the term of this Agreement without the prior written consent of Fannie
Mae. Nationstar may not assess or collect any Ancillary Fee that would violate any Servicing
Standards.

               2.3.4 Mortgage Loan Servicing Incentives. Nationstar will be eligible to
receive certain incentive fees from Fannie Mae if Nationstar meets certain performance
standards and otherwise complies with its obligations under the applicable Subservicing
Agreements, any Supplemental Servicing Agreements and the Contracts. Unless otherwise
negotiated in a Subservicing Agreement or Supplemental Servicing Agreement, in addition to
any incentive payments due to Nationstar, Nationstar will be eligible to receive from Fannie
Mae the standard cash incentives paid to servicers for Mortgage Loan workouts. These
servicing incentives are published in the Fannie Mae Servicing Guide and amended from time to
time in Lender Announcements.

               2.3.5 Termination of Base Subservicing Fee and Incentive Fees. Nationstar’s
right to the base subservicing fee or any incentive fees under any Subservicing Agreement,
Supplemental Servicing Agreement or Servicing Guide shall cease upon the earlier to occur of
(i) the date on which the Mortgage Loan is paid in full; (ii) the date on which the Mortgaged
Property has been foreclosed (or a deed-in-lieu has been executed or a short sale completed),
any court confirmation received, and title transferred to Fannie Mae with the expiration of
any applicable redemption period; or (iii) the date on which Fannie Mae writes off the
remaining balance on the loan and directs Nationstar to halt further collection efforts.

     2.4 Advance Facility.

14

 

               2.4.1 Fannie Mae from time to time upon the request of Nationstar will authorize
Nationstar to enter into a facility (an “Advance Facility”) with an agreed upon financial
institution (“the Advancing Person”), which Advance Facility will provide that such Advancing
Person will agree to fund some or all of the advances required to be made on Fannie Mae
Rights subject to this Agreement in accordance with Servicing Standards, including, without
limitation, servicing advances, delinquency advances and advances required to be made by
Nationstar in connection with the reclassification of a delinquent mortgage or the removal of
a delinquent mortgage from Fannie Mae’s active accounting records or an MBS pool (each an
“Advance” and collectively “Advances”), provided that the terms and conditions of any
agreements documenting such Advance Facility are on terms and conditions that are consistent
with Advance Facilities that Fannie Mae has approved in the past or on such other reasonable
terms and conditions to which Fannie Mae agrees. Nationstar may pledge or assign its rights
to be reimbursed for Advances, directly or indirectly, to the Advancing Person, although no
such Advance Facility shall reduce or otherwise affect Fannie Mae’s and Nationstar’s
obligation to fund such Advances. An Advancing Person who merely funds Advances, or who
merely receives an assignment or pledge of Nationstar’s rights to be reimbursed for Advances,
shall not be required to meet the qualifications of a Servicer under the Servicing Guide.

               2.4.2 If Fannie Mae agrees to a third party Advance Facility, (i) Fannie Mae may agree
that Nationstar will be responsible for remitting to the Advancing Person the applicable
amounts collected by Nationstar as reimbursement for Advances funded by the Advancing Person;
(ii) Fannie Mae shall have no responsibility to track or monitor the administration of the
financing arrangement between the Nationstar and any Advancing Person; and (iii) Fannie Mae
may agree that Fannie Mae will not set off or net any claims it might have against Nationstar
or any affiliate of Nationstar, or payments due to Fannie Mae from Nationstar or any
affiliate of Nationstar, from reimbursements Fannie Mae owes to Nationstar or any affiliate
of Nationstar, on account of Advances made by Nationstar on the Mortgage Loans in the case of
an Advance Facility with an Advancing Person.

     2.5 Representations, Warranties and Indemnifications.

               2.5.1 Nationstar shall not be liable to Fannie Mae for (i) the selling representations
and warranties contained in Section IV-A of the MSSC and in the Fannie Mae Guides with
respect to Fannie Mae Rights transferred to Nationstar pursuant to this Agreement; or (ii)
any claims or losses, including, but not limited to, third-party claims, arising out of or
related to any servicing deficiency or error, to the extent any servicing deficiency or error
is caused by any action, error, omission or failure of any prior servicer, including the
Prior Servicer. In acquiring Fannie Mae Servicing Rights from a Prior Servicer, Nationstar
shall use commercially reasonable efforts to negotiate industry standard repurchase and
indemnification obligations for past origination, sale and servicing defects.
Notwithstanding the foregoing, Nationstar shall be liable for any damage or loss to Fannie
Mae that is caused by Nationstar’s failure to take any corrective action

15

 

reasonably requested by Fannie Mae in accordance with the Servicing Standards, or any
other failure in Nationstar’s responsibilities after the Servicing Transfer Date and shall
cooperate with Fannie Mae to resolve defects with respect to the Mortgage Loans acquired from
a prior servicer.

               2.5.2 On and after the Servicing Transfer Date and until the sale of the Servicing
Subsidiary pursuant to Section 1.5, Nationstar shall be liable in accordance with Section 15
hereof for the performance of all servicing covenants, representations and warranties
contained in the applicable Contract and the Fannie Mae Guides for the Mortgage Loans as to
which Nationstar is providing Servicing or Subservicing.

               2.5.3 With respect to Fannie Mae Subservicing Appointments, the applicable Subservicing
Agreement shall provide that Prior Servicer, in the case of a tri-party Subservicing
Agreement, or Fannie Mae, in the case of a two party Subservicing Agreement, shall indemnify
Nationstar against claims made against Nationstar by any third party to the extent such claim
arises from the origination, sale, and/or servicing of the Mortgage Loans prior to the
applicable Servicing Transfer Date. Nationstar agrees to give Fannie Mae prompt written
notice of any such claim within ten (10) days of Nationstar’s receipt of notice of such
claim. Fannie Mae shall have the option to defend or settle any such claim, and Nationstar
agrees to cooperate with and assist Fannie Mae in such manner as Fannie Mae deems necessary
in its reasonable discretion in such defense or settlement. It is understood that Nationstar
shall not be entitled to indemnification for any claim, or such portion of any claim, that
arises out of Nationstar’s own action or inaction when Servicing or Subservicing any Mortgage
Loan on or after the applicable Servicing Transfer Date.

     2.6 Monthly Report. If requested by Fannie Mae, Nationstar shall provide Fannie Mae with
a monthly report of the following, as identified by Nationstar through normal monthly servicing
operations, and as otherwise instructed by Fannie Mae: (i) Mortgage Loans or REO Properties with
unpaid real estate taxes, inadequate hazard insurance or cancelled mortgage insurance; (ii)
identifiable foreclosure delays that may jeopardize mortgage insurance claims (whether private or
FHA/VA insurance claims); (iii) reports showing the number and success/failure rates of any
permitted modifications, repayment plans, or other loss mitigation strategies; and (iv) any other
reasonable requests for data associated with the Servicing or Subservicing of the Mortgage Loans.

     2.7 Separate Identification Number. If Fannie Mae in its sole discretion shall require,
Nationstar shall use a separate branch or other identification number to track the Servicing and
Subservicing of Mortgage Loans transferred to Nationstar by Fannie Mae pursuant to this Agreement
on or after the Effective Date.

     2.8 Ownership. Nationstar acknowledges and agrees that (a) it has no property rights in
and to the High Touch Servicing Protocols and that Fannie Mae may share such High Touch Servicing
Protocols with other approved servicers and subservicers for their own use and (b) Fannie Mae has
the non-exclusive right under the

16

 

Fannie Mae Guides and the MSSC to obtain and use loan level data regarding each of the
Mortgage Loans covered by the Fannie Mae Rights and Nationstar shall provide such data to Fannie
Mae promptly upon Fannie Mae’s request.

3. Responsibilities of Nationstar. In addition to any applicable requirements set forth in
the Servicing Standards with respect to the transfer of Subservicing and Servicing, Nationstar
shall undertake the following:

     3.1 Possession of Mortgage Loan Files. Upon request by Fannie Mae, Nationstar shall
travel to the site(s) where the Mortgage Loan Files related to the applicable Mortgage Loans are
stored, and shall take possession of all such Mortgage Loan Files. In addition, Nationstar shall
exercise due diligence in obtaining the information specified in the Fannie Mae Guides and such
other information as is necessary for Nationstar (i) to perform accounting, reporting and remitting
functions; and (ii) to establish and set up necessary document files to service each Mortgage Loan
in accordance with the Servicing Standards. Nationstar shall, within thirty (30) days of the
Servicing Transfer Date review such Mortgage Loan Files and identify and notify promptly Fannie
Mae, in writing, of any information or documents (including title insurance policies, hazard
insurance policies, copies of mortgages, and assignments of mortgages) required to be obtained by
Nationstar pursuant to this paragraph that Nationstar was not able to obtain. Nationstar shall
make all reasonable efforts to obtain any such missing information or documents, and Fannie Mae
shall reimburse Nationstar for any actual out-of-pocket expense reasonably incurred by Nationstar
in conducting its review of such Mortgage Loans Files and when obtaining such missing information
or documents, including all travel and related costs for each employee who travels to the site(s)
where the Mortgage Loan Files are stored.

     3.2 Review of Past Servicing Activities. If and to the extent that Nationstar actually
knows or, at any time hereafter, discovers or determines that any past practices of Prior Servicer
perpetuated by Nationstar with respect to the Mortgage Loans are, or result in the Servicing or
Subservicing thereof by Nationstar being, not in compliance with all Servicing Standards,
Nationstar shall, as promptly as practicable under the circumstances, provide written notice to
Fannie Mae of such violation and take appropriate and reasonable corrective action intended to
eliminate or minimize the risk of such noncompliance. For purposes of the prior sentence, the
meaning of the clause “as promptly as practicable under the circumstances” shall be determined
mutually by Fannie Mae and Nationstar, taking into account such factors and judgments as: the
nature, root cause and materiality of the problem; the liability incurred to date and the
likelihood and severity of future liability; the cost, timeline and availability of resources to
fix or reduce the problem; and the available options for corrective action. Unless Fannie Mae
instructs Nationstar in writing to the contrary, within ninety (90) days of the applicable
Servicing Transfer Date:

               3.2.1 Nationstar shall identify and notify Fannie Mae, in writing, of any data
discrepancies between Prior Servicer’s monthly accounting records and Fannie Mae’s monthly
accounting records for all fixed-rate Mortgage Loans. Nationstar shall report any data
discrepancies for each adjustable rate Mortgage

17

 

(“ARM”) to Fannie Mae on a monthly basis, or as otherwise instructed by Fannie Mae;

               3.2.2 Nationstar shall perform an escrow analysis on each Mortgage Loan for which escrow
deposits are required and shall adjust such escrow deposits as required by such analysis;

               3.2.3 Within thirty (30) days after the applicable Servicing Transfer Date, Nationstar
shall: (i) balance and reconcile all Investor accounts and Custodial Accounts against cash
requirements under Servicing Standards; (ii) make available for Fannie Mae’s inspection
documentation to verify the accuracy of the reconciling and balancing activities required
under this Section 3.2.3, and to explain any discrepancies identified in connection with such
reconciling and balancing activities; and (iii) request that the applicable Servicer, which
may be Fannie Mae, fund any shortages to Custodial Accounts and custodial clearing accounts
and pay any shortage due to any third party directly to such third party; and

               3.2.4 If not already in place, Nationstar shall ensure that each Mortgage Loan is
covered by a contract between Nationstar and a real estate tax reporting service. Fannie Mae
shall reimburse Nationstar for its reasonable costs incurred in accordance with the Fannie
Mae Guides.

     3.3 Third Party Notices. Nationstar must notify the third parties as required in the
Fannie Mae Guides of the transfer of Servicing and Subservicing of the Mortgage Loans. Such
notification shall not be at Fannie Mae’s expense.

     3.4 Assignments. Nationstar shall follow the requirements of the Fannie Mae Guides with
respect to assignments of Mortgages in connection with its acquisition of Fannie Mae Servicing
Rights. Upon request by Fannie Mae with respect to Fannie Mae Subservicing Rights, Nationstar
agrees to record, or cause to be recorded, an assignment of the related Mortgage to Fannie Mae or
its designee for each Mortgage Loan which has not already been assigned of record to Fannie Mae.
Nationstar acknowledges that Fannie Mae may designate assignments be made to Mortgage Electronic
Registration Systems, Inc. (“MERS”), and Nationstar acknowledges that it is, or will become, a
member of MERS in order to effect assignments under this Agreement. If the last assignment in the
chain required to perfect good record title to a Mortgage Loan into Fannie Mae or its designee is
available to Nationstar, Nationstar will record it within sixty (60) days of obtaining possession
of such assignment. For each Mortgage Loan for which no such assignment is available, Nationstar
shall act promptly to prepare and deliver to the appropriate assignor, for execution, recordable
assignments to Fannie Mae or its designee. If intervening mortgage assignments from the
originating lender to each successive servicer or holder, as applicable, have not been recorded,
Nationstar shall obtain and record all intervening assignments and shall be reimbursed by Fannie
Mae for reasonable costs and expenses incurred by Nationstar when obtaining, preparing and
recording such intervening assignments. Nationstar will be diligent in its efforts to obtain the
return of the executed assignments from the appropriate assignor. Nationstar must

18

 

record, or cause a third party acting on its behalf to record, such executed assignments
within thirty (30) days of receipt.

     3.5 Hazard Insurance. If, after Nationstar has obtained the Mortgage Loan Files and other
information pursuant to paragraph 3.1 above, Nationstar is not able to determine whether hazard
insurance exists with respect to certain Mortgaged Properties, Nationstar shall obtain and maintain
interim hazard insurance for each such Mortgaged Property, for the benefit of the Mortgagor and
Nationstar, until such time as Nationstar confirms that permanent hazard insurance is in place for
each such property.

     3.6 Establishment and Maintenance of Custodial Accounts for Subservicing. Unless
otherwise provided in the applicable Subservicing Agreement:

               3.6.1 Nature of Account. The Depository Accounts, the Payment Clearing Account,
the Custodial Accounts, and the Advances Reserve Account for Subservicing will be in the name
of and under the control of Servicer in the case of tri-party Subservicing Agreements or
Nationstar in the case of two-party Subservicing Agreements, each of which will have the
responsibility to establish and maintain such accounts in accordance with Servicing
Standards.

               3.6.2 Bank Charges. From and after the applicable Effective Date, Servicer in
the case of tri-party Subservicing Agreements or Nationstar in the case of two-party
Subservicing Agreements will pay all applicable Servicer Bank Service Charges related to the
Depository Accounts and the Custodial Accounts for Subservicing.

               3.6.3 Float Benefit. From and after the applicable Effective Date, the Float
Benefit shall be for the benefit of, and paid to or retained by, Servicer in the case of
tri-party Subservicing Agreements or Nationstar in the case of two-party Subservicing
Agreements.

               3.6.4 Location of Accounts. From and after the applicable Effective Date,
Servicer in the case of tri-party Subservicing Agreements or Nationstar in the case of
two-party Subservicing Agreements may change, replace or transfer Depository Accounts,
Payment Clearing Account or Custodial Accounts to another institution(s) eligible for such
purposes in accordance with the Servicing Standards, or establish or eliminate such accounts
as Servicer in the case of tri-party Subservicing Agreements or Nationstar in the case of
two-party Subservicing Agreements determines in its discretion to be appropriate with Fannie
Mae approval, in all such cases subject to the applicable provisions of this Agreement, upon
thirty (30) days written notice to Nationstar and Fannie Mae.

     3.7 Modifications. Nationstar may modify the terms of any Mortgage Loan only in
compliance with the terms of the Servicing Standards and Nationstar’s prior written delegated loss
mitigation authority provided to Nationstar by Fannie Mae, if any. If applicable, such terms
require that any Mortgage Loan that Nationstar wishes to modify for loss mitigation purposes must
be purchased out of the relevant MBS pool and

19

 

redelivered to Fannie Mae as an Actual/Actual remittance type, in accordance with the Fannie
Mae Guides.

     3.8 Recourse. If any Mortgage Loan transferred to Nationstar is being serviced prior to
such transfer as an MBS Regular Servicing option loan (or a lender-recourse loan for cash),
Nationstar shall subservice such Mortgage Loans in the same way.

     3.9 Document Custodian. In connection with each Subservicing Agreement, Fannie Mae, as
Servicer, or Prior Servicer shall contract with the applicable document custodian and cause such
document custodian to provide Nationstar with access to custodial files in accordance with
Servicing Standards.

     3.10 Non-Solicitation. In connection with each Subservicing Agreement, from and after the
Effective Date and except as authorized by the Advisory Committee pursuant to Section 1.7 hereof or
pursuant to the joint marketing agreement contemplated hereby, neither Nationstar nor any of its
Affiliates shall solicit, on a targeted basis, by either using information that they obtained as a
result of Nationstar’s assumption of Fannie Mae Subservicing Appointments or conducting a targeted
search for such information, Mortgagors for any purposes, including, but not limited to, financial
services or products, insurance related products or services or residential mortgage loans.
Without the prior written consent of Fannie Mae, Nationstar shall not sell or distribute any
customer list incorporating the names of such Mortgagors. The foregoing restrictions shall not
apply to (a) any general advertising or marketing campaign by or on behalf of Nationstar or any of
its Affiliates offering financial services or products, mortgage loans or insurance-related
products and services directed to the general public or any segment thereof provided such segment
does not target such Mortgagors; and (b) a response to an inquiry from a Mortgagor seeking a
mortgage loan, financial service or product or insurance. Notwithstanding the foregoing, a
Subservicing Agreement may contain provisions regarding the matters addressed in this Section 3.10.
In the event of any conflict between the provisions of this Section 3.10 and the provisions
contained in any such Subservicing Agreement, the provisions contained in the Subservicing
Agreement shall control.

     3.11 Litigation. Except as otherwise provided herein, Nationstar shall be responsible for
management and administration of all loan level Actions relating to the Mortgage Loans subject to
Servicing and Subservicing, including, but not limited to, Actions related to Foreclosure,
eviction, quiet title and bankruptcy filings, all costs of which shall be at Nationstar’s expense
(but may be subject to Fannie Mae’s indemnification obligation in Section 15). Nationstar shall
not, without the prior written consent of Fannie Mae, settle or compromise any claim or any such
Action against Fannie Mae or Prior Servicer arising out of or relating to any such Action, other
than any such settlement involving solely the payment of money damages not to exceed ten thousand
dollars ($10,000) in any one (1) instance or one hundred thousand dollars ($100,000) in the
aggregate for all such settlements, during any calendar quarter. Notwithstanding the foregoing,
each Party shall be responsible for management and administration of its defense of any class
action in which such Party or any of its

20

 

Affiliates is a defendant. Nationstar shall cooperate in obtaining or making available
information or documents respecting Mortgage Loans involved in any Action as may be reasonably
requested or required by Fannie Mae or its counsel. Notwithstanding the foregoing, a Subservicing
Agreement may contain provisions regarding the matters addressed in this Section 3.11. In the
event of any conflict between the provisions of this Section 3.11 and the provisions contained in
any such Subservicing Agreement, the provisions contained in the Subservicing Agreement shall
control.

4. Loan Performance Advisor. Nationstar acknowledges that after the transfer of Servicing or
Subservicing to Nationstar, Fannie Mae may engage, at Fannie Mae’s sole cost and expense, a
third-party surveillance advisor (a “Loan Performance Advisor”) to consult with and provide advice
to Fannie Mae with respect to the performance of the Mortgage Loans, report any performance related
issues including providing various reports and recommendations concerning certain delinquent and
defaulted Mortgage Loans, and perform certain analytical processes and comparisons.

     4.1 Access to Data. Nationstar acknowledges that the Loan Performance Advisor must have
access to and receive timely and accurate loan level servicing data and reports from Nationstar in
order to satisfactorily perform its advisory function on behalf of Fannie Mae. The Loan
Performance Advisor shall look solely to Nationstar for all information and data (including loss
and delinquency information and data) and loan level information and data relating to the Servicing
and Subservicing of the Mortgage Loans and Nationstar agrees to use its commercially reasonable
efforts to provide the Loan Performance Advisor with all information and data set forth below.
Nationstar agrees to submit such information and data to the Loan Performance Advisor in an
electronic format whenever possible unless otherwise specified in this Agreement or consented to by
the Loan Performance Advisor in writing.

               4.1.1 On or before the fifth (5th) Business Day of each month for each Mortgage Loan
being serviced by Nationstar, Nationstar shall provide all fields of information, as of the
close of business of the last day of the prior calendar month, from time to time reasonably
requested by Fannie Mae, an illustrative list of which is set forth in Exhibit B.

               4.1.2 Nationstar shall provide an electronic file of the available Mortgage Loan
origination data and a related data dictionary.

               4.1.3 On or before each Remittance Date, Nationstar shall provide a copy of the loan
level remittance file and any other monthly reports submitted by Nationstar in connection
with the on-going servicing and administration of the Mortgage Loans.

               4.1.4 On or before the fifth Business Day of each month, a delinquency report or
electronic file reflecting the status of all delinquent Mortgage Loans, as well as any
Mortgage Loans in foreclosure, bankruptcy or REO status, as of the close of business of the
last day of the prior calendar month.

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               4.1.5 Any periodic report prepared by Nationstar in the ordinary course of servicing the
Mortgage Loans to the extent such report is reasonably related to the Loan Performance
Advisor’s oversight function and requested by the Loan Performance Advisor.

     4.2 Cooperation. Nationstar agrees to cooperate with the Loan Performance Advisor in
connection with its role as Loan Performance Advisor to Fannie Mae, and Nationstar agrees to
negotiate in good faith any agreements with the Loan Performance Advisor that are necessary or
advisable in order to facilitate the intent of this Section 4.

5. Representations and Warranties and Covenants of Nationstar.

     5.1 Representations.

               5.1.1 Nationstar hereby represents, warrants and covenants to and with Fannie Mae as of
the Effective Date (or, as to the Servicing Subsidiary, on the date it assumes this
Agreement) and as of each Servicing Transfer Date that:

                         5.1.1.1 Nationstar is a limited liability company duly organized, validly existing and in good
standing under the laws of the State of Delaware and is and will remain in compliance with the laws
of each state and locality in which any Mortgaged Property is located to the extent necessary to
enforce and service each Mortgage Loan in the jurisdictions where the Mortgaged Properties are
located in accordance with the terms of this Agreement. Nationstar has all permits, registrations,
qualifications, and licenses necessary to carry out its business as now being conducted, and is
licensed and qualified to transact business in and is in good standing under the laws of each state
and locality in which any Mortgaged Property is located or is otherwise exempt under applicable law
from such licensing or qualification or is otherwise not required under applicable law to effect
such licensing or qualification, and no demand for such licensing or qualification has been made
upon Nationstar by any such state and locality, and in any event Nationstar is in compliance with
the laws of any such state and locality to the extent necessary to ensure the enforceability of
each Mortgage Loan and the conduct of Servicing and Subservicing in accordance with the terms of
this Agreement.

                         5.1.1.2 Nationstar has the full power and authority and legal right to execute, deliver and
perform, and to enter into and consummate, all transactions contemplated by this Agreement and any
Transaction Ancillary Documents, and to conduct its business as presently conducted. The execution,
delivery and performance of this Agreement and any Transaction Ancillary Documents and any
agreements contemplated hereby or thereby by Nationstar have been duly authorized and Nationstar
has duly executed and delivered this Agreement and any Transaction Ancillary Documents, and any
agreements contemplated hereby and thereby. This Agreement and any Transaction Ancillary
Documents, assuming due authorization, execution and delivery by Fannie Mae, constitute legal,
valid and binding obligations of Nationstar, enforceable against it in accordance with its terms,
subject to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership,
moratorium and

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similar laws affecting creditors’ rights and remedies generally and all requisite
organizational action has been taken by Nationstar to make this Agreement and any Transaction
Ancillary Documents and all agreements contemplated hereby and thereby valid and binding upon
Nationstar in accordance with their terms.

                         5.1.1.3 This Agreement constitutes the “written agreement” of Nationstar and Nationstar shall
continuously maintain all components of such “written agreement” as an official record of
Nationstar or of any successor thereto.

                         5.1.1.4 Neither the execution and delivery of this Agreement or any of the Transaction
Ancillary Documents by Nationstar, nor the consummation of the transactions contemplated hereby or
thereby, or the performance of or compliance with the terms and conditions of this Agreement or any
of the Transaction Ancillary Documents, will conflict with any of the terms, conditions or
provisions of Nationstar’s organizational documents, or constitute a default under or result in a
breach or acceleration of, any material contract, agreement or other instrument (i) to which
Nationstar is a party or which is applicable to Nationstar or its assets, or result in the
violation of any law, rule, regulation, order, judgment or decree to which Nationstar or its
properties are subject, or (ii) which adversely affects the Mortgage Loans.

                         5.1.1.5 Nationstar is not in violation of any order or decree of any court or any order or
regulation of any federal, state, municipal or governmental agency having jurisdiction over
Nationstar or its assets, which violation might cause a Material Adverse Effect.

                         5.1.1.6 Nationstar does not believe, nor does it have any reason or cause to believe, that it
cannot perform each and every covenant applicable to Nationstar contained in this Agreement and any
Transaction Ancillary Document.

                         5.1.1.7 Nationstar is Solvent.

                         5.1.1.8 There are no actions or proceedings against, or investigations of, Nationstar before
any court, administrative or other tribunal (A) that might prohibit its entering into this
Agreement, (B) seeking to prevent the consummation of the transactions contemplated by this
Agreement, (C) that might prohibit or adversely affect the performance by Nationstar of its
obligations under, or the validity or enforceability of, this Agreement and any Transaction
Ancillary Documents, or (D) that is reasonably likely to have a Material Adverse Effect on
Nationstar.

                         5.1.1.9 No consent, approval, authorization or order of any court or governmental agency or
body is required for the execution, delivery and performance by Nationstar of, or compliance by
Nationstar with, this Agreement or any Transaction Ancillary Document or the consummation of the
transactions contemplated by this Agreement or any Transaction Ancillary Document, except for such
consents, approvals, authorizations or orders, if any, that have been obtained prior to the
Effective Date.

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                         5.1.1.10 Except with respect to statements, tapes, diskettes, forms, reports or other
documents furnished by Prior Servicer, no statement, tape, diskette, form, report or other document
furnished by Nationstar pursuant to this Agreement and any Transaction Ancillary Documents or in
connection with the transactions contemplated hereby or thereby contains any statement that is
inaccurate or misleading in any material respect or omits to state a material fact required to be
stated therein or necessary to make the information and statements therein not misleading.

                         5.1.1.11 Nationstar has an internal quality control program that is designed to verify the
accurate and prudent servicing decisions and practices of Nationstar with respect to the Mortgage
Loans.

                         5.1.1.12 No Default has occurred and is continuing.

                         5.1.1.13 Each of (i) the audited consolidated financial statements of Nationstar Mortgage LLC
and its consolidated Subsidiaries and the unaudited consolidated financial statements of FIF HE for
the most recent completed fiscal year comprised of the consolidated statements of income or
operations, balance sheet and cash flows for the preceding 12 month period; (ii) the unaudited
consolidated financial statements of Nationstar Mortgage LLC and its consolidated Subsidiaries and
FIF HE for its most recently completed fiscal quarter comprised of the consolidated statements of
income or operations, balance sheet and cash flows for the preceding quarterly period; and (iii)
the unaudited balance sheet of the Servicing Subsidiary as of the effective date of the transfer,
was prepared in accordance with GAAP consistently applied throughout the period covered thereby,
except as otherwise expressly noted therein, subject to ordinary, good faith year end audit
adjustments and, in the case of any such unaudited financial statements, to the lack of a footnote;
and fairly present in all material respects, the financial condition of Nationstar Mortgage LLC and
its consolidated Subsidiaries and FIF HE as of the date thereof and results of operations for the
period covered thereby. The audited consolidated financial statement shall include unaudited
consolidating schedules which distinguish the balance sheet and statement of income or operations
for Nationstar Mortgage LLC and the Servicing Subsidiary independent of any other entity included
in the consolidated statements. The unaudited consolidated quarterly financial statements shall
include unaudited consolidating schedules which distinguish the balance sheet and statement of
income or operations for Nationstar Mortgage LLC and the Servicing Subsidiary independent of any
other entity included in the consolidated statements. Since the date or the most recent
consolidated statement, there has been no change in such financial condition or results of
operation that is reasonably likely to have a Material Adverse Effect. Except as discussed in the
financial statements, and, as applicable, each of Nationstar Mortgage LLC, the Servicing
Subsidiary, and FIF HE is not subject to any contingent liabilities or commitments that,
individually or in the aggregate, has or may reasonably likely have a Material Adverse Effect on
Nationstar Mortgage LLC, the Servicing Subsidiary or FIF HE.

                         5.1.1.14 Nationstar is in compliance with all applicable Requirements of Law.

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                         5.1.1.15 FIF HE has committed to cause the investment of sufficient capital into Nationstar to
provide the capacity to enable Nationstar to service Mortgage Loans for Fannie Mae by the end of
2010 with an aggregate outstanding principal balance of at least $50 billion.

               5.1.2 Fannie Mae hereby represents, warrants and covenants to and with Nationstar as of
the Effective Date and as of each Servicing Transfer Date:

                         5.1.2.1 Fannie Mae is a corporation duly organized, validly existing and in good standing
under the laws of the United States.

                         5.1.2.2 Fannie Mae has the full power and authority and legal right to execute, deliver and
perform, and to enter into and consummate, all transactions contemplated by this Agreement and any
Transaction Ancillary Documents, and to conduct its business as presently conducted. The execution,
delivery and performance of this Agreement and any Transaction Ancillary Documents and any
agreements contemplated hereby or thereby by Fannie Mae have been duly authorized and Fannie Mae
has duly executed and delivered this Agreement and any Transaction Ancillary Documents, and any
agreements contemplated hereby and thereby. This Agreement and any Transaction Ancillary
Documents, assuming due authorization, execution and delivery by Fannie Mae, constitute legal,
valid and binding obligations of Fannie Mae, enforceable against it in accordance with its terms,
subject to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership,
moratorium and similar laws affecting creditors’ rights and remedies generally and all requisite
organizational action has been taken by Fannie Mae to make this Agreement and any Transaction
Ancillary Documents and all agreements contemplated hereby and thereby valid and binding upon
Fannie Mae in accordance with their terms.

                         5.1.2.3 This Agreement constitutes the “written agreement” of Fannie Mae and Fannie Mae shall
continuously maintain all components of such “written agreement” as an official record of Fannie
Mae or of any successor thereto.

                         5.1.2.4 Neither the execution and delivery of this Agreement or any of the Transaction
Ancillary Documents by Fannie Mae, nor the consummation of the transactions contemplated hereby or
thereby, or the performance of or compliance with the terms and conditions of this Agreement or any
of the Transaction Ancillary Documents, will conflict with any of the terms, conditions or
provisions of Fannie Mae’s organizational documents, or constitute a default under or result in a
breach or acceleration of, any material contract, agreement or other instrument to which Fannie Mae
is a party or which is applicable to Fannie Mae or its assets, or result in the violation of any
law, rule, regulation, order, judgment or decree to which Fannie Mae or its properties are subject.

                         5.1.2.5 No consent, approval, authorization or order of any court or governmental agency or
body is required for the execution, delivery and performance by Fannie Mae of, or compliance by
Fannie Mae with, this Agreement or

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any Transaction Ancillary Document or the consummation of the transactions contemplated by
this Agreement or any Transaction Ancillary Document, except for such consents, approvals,
authorizations or orders, if any, that have been obtained prior to the Effective Date.

     5.2 Affirmative Covenants of Nationstar. Nationstar covenants and agrees with Fannie Mae
that Nationstar shall:

               5.2.1 Comply in all material respects with all applicable Requirements of Law and notify
Fannie Mae if Nationstar believes that any Servicing Standard (including, without limitation,
any provision of the High Touch Servicing Protocols) may violate any Requirement of Law.

               5.2.2 Comply with all provisions, covenants and other promises required to be observed
by it under each of the Contractual Obligations to which it is a party, including, without
limitation, this Agreement and all Ancillary Documents.

               5.2.3 Not less than forty-five (45) days prior to the end of each fiscal year, submit,
or cause the Division to submit, to Fannie Mae the draft business plan of operations for the
Division for the upcoming fiscal year, which shall contain a reasonably detailed budget,
planning, projection and profitability information, including without limitation, if
applicable, the transition of the performance of the Shared Services to the Division, and the
transition of the Division to the Servicing Subsidiary (the “Annual Business Plan”) and give
due consideration to the comments of Fannie Mae before finalizing such Annual Business Plan.

               5.2.4 Submit, or cause the Division to submit, to Fannie Mae during the course of each
fiscal year any proposed material changes to or deviations from the Annual Business Plan and
give due consideration to the comments of Fannie Mae before finalizing any such material
changes or deviations.

               5.2.5 Submit to Fannie Mae the proposed appointments of any new or replacement member of
the Board of Directors or Responsible Officer with management authority over corporate or
servicing functions, including without limitation, the three most senior officers of the
Division and, with respect to Nationstar only, give due consideration to the comments of
Fannie Mae before finalizing any such appointments.

               5.2.6 Make available senior officers to meet with Fannie Mae on a monthly basis to
discuss the operations of the Division and the Servicing Subsidiary, including without
limitation, the performance of the Mortgage Loans, the conduct of the Servicing and
Subservicing, the evaluation of personnel, the effectiveness of the provision of Servicing
Functions, the status of the Annual Business Plan, and such other topics of discussion as
Fannie Mae may reasonably request.

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               5.2.7 Permit Fannie Mae and its authorized representatives during normal business hours,
and upon reasonable prior notice to Nationstar, to examine, inspect, make copies of, and make
extracts of, and have reasonable access to, any and all personnel, documents, records,
agreements, instruments or information relating to the Fannie Mae Rights, and the operations
of Nationstar and the Division, and to provide electronic access thereto.

               5.2.8 (i) Preserve and maintain its legal existence and all of its material rights,
privileges, and franchises, including without limitation all federal, state, and local
permits, registrations, approvals and licenses reasonably required to enable Nationstar to
engage in a mortgage origination and mortgage servicing business for Freddie Mac and Fannie
Mae; (ii) preserve and maintain the Division as an independent operating unit and use
commercially reasonable efforts to follow the Annual Business Plan except for deviations
approved by the Advisory Committee; and (iii) keep adequate records and books of account, in
which complete entries will be made in accordance with GAAP consistently applied.

               5.2.9 Deliver, each of the following to Fannie Mae:

                         5.2.9.1 as soon as available, but not later than sixty (60) days after the end of each month
that is not the end of a fiscal quarter, a copy of the unaudited consolidated balance sheet of each
of Nationstar Mortgage LLC and its consolidated Subsidiaries and FIF HE as at the end of such month
and the related unaudited consolidated statements of income and cash flows for the period
commencing and consolidating on the first day and ending on the last day of such month and the
portion of the fiscal year through the end of such month, and certified by a Responsible Officer of
Nationstar Mortgage LLC and FIF HE as fairly presenting, in accordance with GAAP, consistently
applied, as at the end of, and for such period (subject to (i) in the case of FIF HE, ordinary good
faith year-end adjustments and (ii) in the case of Nationstar, ordinary good faith year-end audit
adjustments), the financial position and the results of Nationstar Mortgage LLC and its
consolidated Subsidiaries and FIF HE. The unaudited consolidated monthly financial statements
shall include unaudited consolidating schedules which distinguish the balance sheet and statement
of income or operations for Nationstar Mortgage LLC and the Servicing Subsidiary independent of any
other entity included in the consolidated statements;

                         5.2.9.2 as soon as available, but not later than sixty (60) calendar days after the fiscal
quarter the unaudited consolidated balance sheet of Nationstar Mortgage LLC and its respective
consolidated Subsidiaries and FIF HE as at the end of such fiscal quarter and the related
consolidated statements of income or operations and cash flows for such quarter and the portion of
the fiscal year through the end of such quarter, setting forth in each case in comparative form the
figures for the corresponding quarters of the previous year, and certified by a Responsible Officer
as fairly presenting, in all material respects, in accordance with GAAP, consistently applied, as
at the end of, and for such period, the financial position and the results of operations of
Nationstar Mortgage LLC and its respective consolidated Subsidiaries and FIF HE. The unaudited
consolidated quarterly financial statements shall include unaudited

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consolidating schedules which distinguish the balance sheet and statement of income or
operations for Nationstar Mortgage LLC and the Servicing Subsidiary independent of any other entity
included in the consolidated statements;

                         5.2.9.3 as soon as available, but not later than ninety-five (95) days (or in the case of FIF
HE, one hundred fifty (150) days) after the end of each fiscal year (including fiscal 2009) the
audited consolidated balance sheet of Nationstar Mortgage LLC and its respective consolidated
Subsidiaries and the unaudited consolidated balance sheet of FIF HE as at the end of such fiscal
year and the related consolidated statements of income and cash flows for Nationstar Mortgage LLC
and its consolidated Subsidiaries and FIF HE for such fiscal year, in the case of FIF HE, certified
by a responsible officer of FIF HE as fairly presenting, in accordance with GAAP, consistently
applied, as at the end of, and for such period, the financial position and the results of FIF HE
and, in the case of Nationstar, accompanied by the opinion of an independent certified public
accountants of recognized national standing, which report shall state that such consolidated
financial statements present fairly the financial position for Nationstar Mortgage LLC and its
respective consolidated Subsidiaries for the periods indicated in conformity with GAAP applied on a
basis consistent with prior years. The consolidated audited financial statement shall include
audited consolidating schedules which distinguish the balance sheet and statement of income or
operations for Nationstar Mortgage LLC and the Servicing Subsidiary independent of any other entity
included in the consolidated statements. Such opinion in respect of Nationstar Mortgage LLC shall
not be qualified or limited because of a restricted or limited examination by the independent
auditor of any material portion of Nationstar Mortgage LLC and shall have no “going concern”
qualification.

                         5.2.9.4 no later than the tenth (10th) Business Day following the end of each calendar month,
such forward-looking financial information about the Division and the Division’s operations as
Fannie Mae may reasonably request (i.e., that is capable of being obtained, produced, or generated
without undue effort by Nationstar within such period of time) from time to time and in such format
as Fannie Mae may reasonably request (the “Monthly Forecasts”).

                         5.2.9.5 promptly such additional information regarding the business, financial, or corporate
affairs of Nationstar and FIF HE as Fannie Mae may, from time to time reasonably request and in a
format reasonably acceptable to Fannie Mae.

               5.2.10 Except where prohibited by Requirements of Law, promptly furnish to Fannie Mae
all notices of all draft and final written audits, examinations, evaluations, reviews and
reports of Nationstar’s origination and servicing operations by any Governmental Authority in
which there are material adverse findings, including without limitation notices of
termination or impairment of approved status, and notices of probation, suspension, or
non-renewals.

               5.2.11 Maintain copies of relevant portions of all draft and final written Investor and
Insurer audits, examinations, evaluations, monitoring reviews

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and reports of its origination and servicing operations in which there are material
adverse findings with respect to Nationstar, including without limitation notices of
defaults, notices of termination of approved status, notices of imposition of supervisory
agreements or interim servicing agreements, and notices of probation, suspension, or
non-renewal, and all necessary approvals from such Investors and Insurers.

               5.2.12 Conduct quality control reviews of Nationstar’s servicing operations in
accordance with industry standards and Investor and Insurer requirements. Nationstar shall
report to Fannie Mae quality control findings as such reports are produced and upon
reasonable request by Fannie Mae with respect to Nationstar. Fannie Mae reserves the right,
and in its sole reasonable discretion, to contract with independent contractors at Fannie
Mae’s expense to ensure Nationstar’s compliance with quality control guidelines.

               5.2.13 Maintain errors and omissions insurance and fidelity bond coverage in accordance
with Servicing Standards, and shall also maintain such other insurance with financially sound
and reputable insurance companies, and with respect to property and risks of a character
usually maintained by entities engaged in the same or similar business similarly situated,
against loss, damage and liability of the kinds and in the amounts customarily maintained by
such entities.

               5.2.14 Deliver to Fannie Mae, on or before April 15th each year beginning April 15,
2010, an Officer’s Certificate signed by a Responsible Officer, stating that (i) a review of
the activities of Nationstar during the preceding calendar year and of performance under this
Agreement and the Transaction Ancillary Documents has been made under such officer’s
supervision, and (ii) Nationstar has complied with the provisions of this Agreement in all
material respects, and (iii) to the best of such officer’s knowledge, based on such review,
Nationstar has fulfilled all its obligations under this Agreement throughout such year in all
material respects, or, if there has been a default in the fulfillment of any such obligation,
specifying each such default known to such officer and the nature and status thereof and the
action being taken by Nationstar to cure such default;

               5.2.15 On or before April 15th of each year beginning April 15, 2010, cause a firm of
independent public accountants which is a member of the American Institute of Certified
Public Accountants to furnish a report to Fannie Mae stating that (i) it has obtained a
letter of representation regarding certain matters from the management of Nationstar which
includes an assertion that Nationstar has complied with either the servicing criteria as set
forth in Item 1122 of Regulation AB (17 C.F.R. §§229.1100-229.1123) (“Reg AB”) or certain
minimum residential mortgage loan servicing standards identified in the Uniform Single
Attestation Program for Mortgage Bankers established by the Mortgage Bankers Association of
America, with respect to the servicing of residential loans during the most recently
completed calendar year and (ii) on the basis of an examination conducted by such firm in
accordance with standards established by the American Institute of Certified Public
Accountants, such representation is fairly

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stated in all material respects, subject to such exceptions and other qualifications
that may be appropriate.

               5.2.16 Execute and maintain the Servicer Participation Agreement with Fannie Mae, as
agent on behalf of the United States Department of Treasury, in order to participate in the
Home Affordable Modification Program and otherwise participate in all loss mitigation efforts
headed by Fannie Mae on its own behalf (or on behalf of the U.S. Government), with respect to
all Mortgage Loans.

               5.2.17 Cause FIF HE to deliver to Fannie Mae and maintain an executed guaranty in the
form of Exhibit C hereto.

     5.3 Negative Covenants of Nationstar. Nationstar covenants and agrees with Fannie Mae
that, except as otherwise permitted or contemplated by this Agreement or the Ancillary Documents or
with the prior written approval of Fannie Mae:

               (a) It will not take any of the following actions:

               5.3.1 Create, incur or permit to exist, any lien, encumbrance or security interest in or
on the Fannie Mae Rights, or assign any right to receive income in respect thereof, except in
connection with any financing of any Fannie Mae Rights that is made in accordance with (and
not in contravention of) the Guide or any financing in which such lien, encumbrance or
security interest is in favor of Fannie Mae;

               5.3.2 Settle any Action filed or otherwise instituted against it if such settlement
would lead to or result in a material modification to the manner in which the Servicing or
Subservicing provided by Nationstar hereunder is conducted or would contain any relief
against the Fannie Mae Rights other than monetary damages payable by Nationstar;

               5.3.3 Permit a Change of Control of Nationstar to occur; provided, however, that if
following a Change of Control, either of the following conditions are satisfied, such Change
of Control shall not be deemed a Change of Control prohibited by this subsection: (i) the
Persons acquiring (50%) or more of the outstanding voting stock or ownership interests on a
fully diluted basis are all Fannie Mae approved servicers or are entities that otherwise
control an approved Fannie Mae servicer or (ii) Nationstar’s financial condition, on a
consolidated basis, as a result of such Change of Control is not negatively and materially
impacted and, as a result of such acquisition, (x) Nationstar’s (or the entity surviving such
transaction) ability to meet its servicing obligations hereunder is not negatively impacted
and (y) the quality of Nationstar’s (or the entity surviving such transaction) servicing
under this Agreement is consistent with practice prior to such Change of Control.

               5.3.4 Liquidate, wind up or dissolve itself (or suffer any liquidation, winding up or
dissolution) except as called for by this Agreement with respect to the Servicing Subsidiary;

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               5.3.5 Enter into any commercial transaction (including any purchase, sale, lease or
exchange of property or the rendering of any service) with any Affiliate that is not upon
fair and reasonable terms no less favorable to the Nationstar than it would obtain in a
comparable arm’s-length transaction with a Person which is not an Affiliate and that is
reasonably likely to impair Nationstar’s ability to perform its obligations under this
Agreement or create a Material Adverse Effect;

               5.3.6 Assume the obligation to provide Servicing or Subservicing to an Investor other
than Fannie Mae that is reasonably likely to impair Nationstar’s ability to perform its
obligations to perform under this Agreement or create a Material Adverse Effect;

               5.3.7 Except in connection with any financing of any Fannie Mae Rights that is made in
accordance with (and not in contravention of) the Guide, or sell, transfer, convey, or assign
any Fannie Mae Servicing Right provided that, as a condition to Fannie Mae’s approval of any
such sale, transfer, conveyance, or assignment, Nationstar must use the proceeds of such
sale, transfer or assigned according to the priority set forth in Section 16.13; or

               5.3.8 Appoint any subservicers with respect to any Fannie Mae Rights, provided that, in
the event that Nationstar retains a subservicer to subservice the Mortgage Loans on its
behalf with Fannie Mae’s prior approval, Nationstar agrees to include provisions in its
subservicing agreement with subservicer that require subservicer to provide the Loan
Performance Advisor with the Servicing information and data set forth in Section 4, above, on
the same terms as set forth herein.

               5.3.9 Perform any direct borrower contact under this Agreement with personnel outside of
the United States.

(b) It will not take any of the following actions if and to the extent that any such
action would, or would reasonably be expected to, directly or indirectly materially
impair or materially adversely affect (i) Fannie Mae’s right, title, or interest in
and to, or the value of, the Fannie Mae Rights or (ii) the ability of Nationstar to
meet its servicing obligations hereunder:

               5.3.10 Enter into any Servicing Agreement that involves Mortgage Loans with aggregate
outstanding principal balances at any time in excess of $10 million that constitute
“high-cost loan” or “covered loan” under either the Home Ownership Equity Protection Act or a
similar state or local anti-predatory lending Law;

               5.3.11 Permit any payment of Indebtedness of Nationstar in excess of $500,000,
individually or in the aggregate, (i) not to be paid when due or within any applicable cure
period set forth in any agreement or instrument relating to such
indebtedness or (ii) to be declared due and payable, before its normal or agreed
maturity by reason of default (however described);

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               5.3.12 Acquire all or substantially all of the assets or capital stock of, or otherwise
acquire, any Person; provided, however, that, except as otherwise provided in this Agreement,
this Section shall not prohibit Nationstar Mortgage LLC from acquiring whole loans,
non-recourse servicing or other financial assets from third parties;

               5.3.13 Except as otherwise may be mandated by GAAP, (a) change any of the accounting
principles or practices used by Nationstar or (b) change the independent auditors of
Nationstar;

               5.3.14 Engage in any line or lines of business activity other than the origination,
purchase, sale, and servicing of residential loans secured by 1-4 unit properties, consumer
loans and unsecured loans;

               5.3.15 Be liable for or create, assume, incur, guarantee, or in any way be liable,
contingently or otherwise, in respect of any Indebtedness or lease obligations, in each case
of any third party (and for the avoidance of doubt not of an Affiliate) in excess of
$500,000;

               5.3.16 Amend, modify or waive any organizational document of Nationstar or any other
agreement or document to which Nationstar is a party containing covenants or other
restrictive provisions relating to the separateness of Nationstar as an entity; or

               5.3.17 Enter into any joint venture, joint operating or similar arrangement.

     5.4 Notice of Certain Occurrences. Nationstar covenants and agrees with Fannie Mae that
Nationstar shall notify Fannie Mae of:

               5.4.1 As soon as reasonably practicable, but in any event within five (5) Business Days
after Nationstar’s Knowledge of, any Default;

               5.4.2 As soon as reasonably practicable, but in any event within seven (7) Business Days
after Nationstar’s Knowledge thereof, any legal proceeding or other Action instituted or
threatened by or against Nationstar or any of its Subsidiaries in any federal or state court
or before or by any commission, regulatory body or Governmental Authority, including, without
limitations, the filing of putative class action law suits and threats by state mortgage
banking licensing authorities to terminate or impair Nationstar’s licenses or registrations
to perform Servicing or Subservicing, in each case that could reasonable be expected to
directly or indirectly materially impair or materially adversely affect either (i) Fannie
Mae’s right, title, or interest in and to, or the value of, the Fannie Mae Rights or (ii) the
ability of Nationstar to meet its obligations hereunder;

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               5.4.3 Within five (5) Business Days of Nationstar becoming aware of any Material Adverse
Effect or any event or change in circumstances, which should reasonably be expected to have a
Material Adverse Effect or cause an Unmatured Event of Default;

               5.4.4 After entry into a binding letter of intent or definitive documentation related
thereto, any proposed Change of Control (without giving effect to the proviso to such
definition) of Nationstar;

               5.4.5 As soon as reasonably practicable after any change in the following positions of
Nationstar or the responsibilities of the Persons holding such positions on the date hereof,
or the disability continuing for more than thirty (30) days, or death, of any of the Persons
occupying the following positions on the date hereof: any member of the Board of Directors
or any Responsible Officer with management authority over corporate or servicing functions;

               5.4.6 As soon as reasonably practicable after any sale of non-Fannie Mae Servicing
Rights by Nationstar in excess of $5,000,000,000;

               5.4.7 Written notice from any Investor regarding an adverse fact or circumstance in
respect of Nationstar which adverse fact or circumstance entitles such Investor to terminate
a Servicing Agreement with Nationstar with cause pursuant to the applicable Servicing
Agreement, provided that, for Investors other than Freddie Mac, Ginnie Mae, any Federal Home
Loan Bank, VA or any other Governmental Authority, the aggregate outstanding principal
balance of the loans covered by such Servicing Agreement exceeds $25 million;

               5.4.8 Any agreement or non-appealable order to repurchase from an Investor or Insurer,
or indemnify an Investor or Insurer with respect to, one or more Serviced Loans with an
aggregate outstanding principal balance in excess of $5,000,000 and the reason for such
repurchase or indemnification, as documented on a monthly report; and

               5.4.9 Such other information, documents, records or reports with respect to the Fannie
Mae Rights or the conditions or operations, financial or otherwise, of Nationstar as Fannie
Mae may from time to time reasonably request.

6. Confidential Information. Nationstar and Fannie Mae agree that information concerning the
other party’s business (including that of all corporate affiliates and subcontractors) governed by
the terms of that certain Mutual Non-Disclosure Agreement dated as of March 13, 2009 (the “NDA”).
The NDA is incorporated herein by this reference and will survive any termination or expiration of
this Agreement. The Servicing Subsidiary and Fannie Mae will enter into a new NDA in accordance
with Section 1.4.1, which also will survive any termination or expiration of this Agreement.

7. Consumer Personal Information. Nationstar (i) shall comply with all applicable laws and
regulations regarding the privacy or security of Consumer Personal Information; (ii) shall not
collect, create, use, store, access, disclose or otherwise handle Consumer

33

 

Personal Information in any manner inconsistent with any applicable laws or regulations regarding
the privacy or security of Consumer Personal Information; (iii) shall not disclose Consumer
Personal Information to any affiliated or non-affiliated third party except to enforce or preserve
its rights, as otherwise permitted or required by applicable law (or by regulatory authorities
having jurisdiction in the premises) or, in the case of Nationstar, at the specific written
direction of the Fannie Mae; (iv) shall maintain appropriate administrative, technical and physical
safeguards to protect the security, confidentiality and integrity of Consumer Personal Information;
and (v) shall promptly notify Fannie Mae in writing upon becoming aware of any actual breach and of
any suspected breach of this section. Nationstar and Fannie Mae acknowledge and agree that
Consumer Personal Information provided by either party to the other is Proprietary Information of
the providing party.

8. Information Security Standards and Reviews. Nationstar shall, with respect to all systems,
applications, networks, or sites, used by Nationstar in accessing, processing, or storing
Proprietary Information, comply with Fannie Mae’s and Nationstar’s Information Security Standards.
Fannie Mae and Nationstar shall disclose its Information Security Standards to each other. Fannie
Mae may perform reasonable information security reviews on any systems, applications, networks, or
sites, used by Nationstar in accessing, processing, or storing Proprietary Information (“Reviews”).
The Reviews shall include, but not be limited to, physical inspection, external scan, internal
scan, code review, process reviews, and reviews of system configurations. The Reviews shall be
conducted in Fannie Mae’s discretion, by Fannie Mae or its designee (who will be a nationally known
security firm), and at Fannie Mae’s expense. Nationstar hereby grants permission to Fannie Mae or
its designee to perform one Review each calendar year. Should any Review result in the discovery
of material security risks to the systems, applications, networks, or sites, used by Nationstar in
accessing, processing, or storing Proprietary Information, Fannie Mae shall immediately notify
Nationstar of such risks, and Nationstar shall respond to Fannie Mae in writing within five (5)
Business Days with Nationstar’s plan to take reasonable measures to promptly correct, repair, or
modify the applicable system, application, network, or site to effectively eliminate the risk.

9. Electronic Incident Reporting. For purposes hereof, “Electronic Incident” shall mean any
unauthorized action by a known or unknown person which, if successfully completed, should
reasonably be considered one of the following: an attack, penetration, denial of service,
disclosure of Proprietary Information, misuse of system access, unauthorized access or intrusion
(hacking), virus intrusion, scan of Fannie Mae or Nationstar’s systems or networks, or any other
activity that could adversely affect Proprietary Information. For purposes hereof, “Nationstar’s
systems and networks” shall include the systems, networks, technology, content or web sites of
third-party vendors used by Nationstar hereunder. Nationstar shall report to Fannie Mae all known
or suspected Electronic Incidents. If an Electronic Incident occurs, Nationstar shall promptly
notify Fannie Mae’s Incident Management Center and provide the following information: nature and
impact of the Electronic Incident; actions already taken by Nationstar and Nationstar’s assessment
of immediate risk; and corrective measures to be taken, evaluation of alternatives, and next steps.
Nationstar shall continue providing appropriate status reports to Fannie Mae regarding the
resolution of the Electronic

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Incident and prevention of future such Electronic Incidents. Fannie Mae and Nationstar may require
that Nationstar’s accessing, processing, or storing of Consumer Personal Information be suspended,
or connectivity with be terminated, or other appropriate action be taken, pending such resolution.

10. Use of Name. No Party shall advertise, market or otherwise make known to others any
information relating to the subject matter of this Agreement, including mentioning or implying the
name of the other Party, without the prior written approval of the other Party.

11. Business Continuity. Nationstar shall provide business continuity, disaster recovery, and
backup capabilities and facilities, through which Nationstar will be able to perform its
obligations hereunder with minimal disruptions or delays. Upon request, Nationstar shall provide
to Fannie Mae copies of its written business continuity, disaster recovery, and backup plan(s).
Nationstar will have, at a minimum, a secured backup site containing all hardware, software,
communications equipment, and current copies of data and files necessary to perform Nationstar’s
obligations hereunder. Transfer to the backup site shall occur within 24 hour(s) after system
failure or other event that prevents Nationstar from operating as usual at its primary site.
Nationstar shall test said plan(s) at intervals not to exceed one (1) year, and shall, at Fannie
Mae’s request, provide Fannie Mae the results of said testing. Nationstar shall permit Fannie Mae
to participate annually in the testing of Nationstar’s business continuity, disaster recovery, and
backup plan(s). Fannie Mae may require Nationstar, at no cost to Fannie Mae, to participate
annually in the testing of Fannie Mae’s own business continuity, disaster recovery, and backup
plan(s), insofar as they are applicable to Nationstar.

12. Staff and Facilities. Nationstar will provide and supervise such well-trained and
qualified personnel as are reasonably necessary to carry out Nationstar’s obligations under this
Agreement.

13. Customer Complaints.

     13.1 Provision of Complaints. On a monthly basis, Nationstar shall provide Fannie Mae with
a summary of all Executive Complaints related to Mortgage Loans, including a summary of the issue
and resolution along with date received and resolved. Upon request by Fannie Mae, Nationstar shall
provide Fannie Mae with a scanned copy of any such Executive Complaints.

     13.2 Tracking Complaints. Nationstar shall track Executive Complaints in a database. At
Fannie Mae’s request, Nationstar will provide Fannie Mae with a database report of such Executive
Complaints containing such data as Fannie Mae may reasonably request. Nationstar shall maintain an
internal procedure to ensure that written complaints received by Nationstar are properly delivered
to its legal department and/or Office of the President (or such other departments or offices of
Nationstar that are designated to fill the roles thereof with respect to complaints in the future),
as applicable, and provide Fannie Mae with evidence thereof upon request.

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14. Events Of Default

     14.1 Events of Default. The following events shall be “Events of Default”:

               14.1.1 Any representation or warranty made by Nationstar (or any of Nationstar’s
officers), including, without limitation, any representation or warranty made by the
Servicing Subsidiary upon its assumption of this Agreement, under or pursuant to the terms of
this Agreement, or any other Ancillary Document or any information, certificate, or report
delivered pursuant hereto, shall prove to have been false or incorrect in any material
respect when made, and, if capable of being cured, such breach is not remedied within thirty
(30) days after the earlier of (i) actual Knowledge of Nationstar thereof or (ii) written
notice of such default from Fannie Mae;

               14.1.2 Nationstar shall fail to perform or observe in any material respect any term,
covenant or agreement contained in this Agreement or in any other Ancillary Document on its
part to be performed or observed, or Nationstar commits multiple breaches of this Agreement,
none of which is necessarily a material breach, but which have had an aggregate or cumulative
effect comparable to that of a material breach, and any such failure shall remain unremedied
for five (5) days in the event of monetary breaches, including, without limitation, the
failure to credit payments to, or remit funds from, the applicable Custodial Accounts and
twenty (20) days in all other cases where the breach by its nature is susceptible of cure
after the earlier of (i) actual Knowledge by Nationstar or (ii) written notice of such
default from Fannie Mae, in the case of a term, covenant or agreement contained in this
Agreement, or beyond the applicable cure period, if any, specified in the relevant Ancillary
Document in the case of a term, covenant or agreement contained in any other Ancillary
Document; provided, however, that if the default cannot by its nature be cured within the
applicable time period or cannot after diligent attempts by Nationstar be cured within such
applicable time period, and such default is likely to be cured within a reasonable time, then
Nationstar shall have an additional reasonable period (which shall not in any case exceed 30
days) to attempt to cure such default; provided, further, that, notwithstanding the
foregoing, Fannie Mae may elect to shorten or eliminate the applicable initial or extension
cure period to avoid any material prejudice to its interests, including, without limitation,
where the material failure to comply with this Agreement causes or results in the breach of
the security of the Servicing or Subservicing that results in the unauthorized use or
disclosure of Consumer Personal Information if Fannie Mae reasonably determines that such act
materially and adversely affects the reputation or interests of Fannie Mae;

               14.1.3 An Event of Bankruptcy shall have occurred with respect to Nationstar;

               14.1.4 The failure of Nationstar to be an approved servicer under the guidelines of
Fannie Mae or Nationstar is terminated for cause by Fannie Mae as servicer with respect to
any Fannie Mae Servicing Rights;

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               14.1.5 The occurrence of a Material Adverse Effect;

               14.1.6 Any other action, event or condition of any nature which is reasonably likely to
lead to or result in a material default under an Indebtedness of Nationstar or which, with or
without notice or lapse of time or both, would constitute a default under any other
agreement, instrument or indenture to which Nationstar or any of their Subsidiaries is a
party or to which Nationstar or any of their Subsidiaries or any of its or their properties
or assets may be subject that could reasonably be expected to cause a default under an
Indebtedness of Nationstar; and

               14.1.7 Nationstar shall receive notice of breach, default or non-compliance by an
Investor (other than Fannie Mae) with respect to a material portion of its Servicing Rights,
which entitles an Investor to terminate the related Servicing Agreement, which notice has not
been rescinded or otherwise nullified within three (3) Business Days.

15. Indemnifications.

     15.1 Servicer Indemnification. Nationstar shall indemnify, defend and hold Fannie Mae, its
Affiliates and their respective officers, directors and employees (collectively, the “Fannie Mae
Indemnified Parties”) harmless from any liability, claim, loss or damage (including, without
limitation, any reasonable legal fees, judgments or expenses relating to such liability, claim,
loss or damage) to Fannie Mae Indemnified Parties arising out of, in connection with, or resulting
from Nationstar’s failure to observe and perform any or all of Nationstar’s duties, obligations,
covenants, agreements, warranties or representations contained in this Agreement or in any
Transaction Ancillary Document.

     15.2 Fannie Mae Indemnification. Fannie Mae shall indemnify, defend and hold Nationstar,
its Affiliates and their respective officers, directors and employees (collectively, the
“Nationstar Indemnified Parties”) harmless from any liability, claim, loss or damage (including
without limitation, any reasonable legal fees, judgments or expenses relating to such liability,
claim, loss or damage) to Nationstar Indemnified Parties arising out of, in connection with, or
resulting from Fannie Mae’s failure to observe and perform or a breach of any or all of Fannie
Mae’s duties, obligations, covenants, agreements, warranties or representations contained in this
Agreement or in any Transaction Ancillary Document.

     15.3 Control of Defense. An indemnifying party shall conduct the defense in a third-party
action arising as described herein with counsel reasonably acceptable to the indemnified party, who
shall cooperate with such defense.

16. Term and Termination.

     16.1 Term. This Agreement shall continue in full force and effect until the third
anniversary of the Effective Date, unless terminated earlier as provided in this Agreement. This
Agreement shall automatically renew for three additional one (1) year terms unless Fannie Mae
notifies Nationstar at least nine (9) months prior to the

37

 

expiration of the initial term or an extension term of Fannie Mae’s election not to renew this
Agreement. Notwithstanding the foregoing, or any pending termination of this Agreement with or
without cause or for a Regulatory Event, if Fannie Mae exercises its “call” right under Section
1.5, this Agreement automatically shall be extended until the closing of the acquisition by Fannie
Mae or its Designee.

     16.2 Automatic Termination. This Agreement shall automatically terminate upon termination
of the MSSC or the closing of the acquisition by Fannie Mae or its Designee if Fannie Mae exercises
its “call” right under Section 1.5.

     16.3 Termination of Agreement by Fannie Mae With Cause. Fannie Mae may terminate this
Agreement and the Ancillary Documents, including the MSSC, the Subservicing Agreements, the
Supplemental Servicing Agreements, and other Contracts with respect to all or any portion of the
Fannie Mae Rights, with cause and without payment of a termination fee at any time upon the
occurrence of an Event of Default.

     16.4 Termination of Agreement by Fannie Mae Without Cause.

               16.4.1 Fannie Mae may terminate this Agreement at any time, without cause, upon ninety
(90) days’ prior notice to Nationstar. If Fannie Mae terminates this Agreement pursuant to
this Section 16.4, Fannie Mae shall pay Nationstar an Expense Recapture Amount in respect of
such termination.

               16.4.2 Unless otherwise provided in the applicable Transaction Ancillary Document with
respect to Fannie Mae Servicing Rights, Fannie Mae shall not terminate any Transaction
Ancillary Documents, or terminate or purchase any Fannie Mae Servicing Rights under any
Transaction Ancillary Document, under this Section 16.4, with respect to any Fannie Mae
Servicing Rights, prior to thirty (30) months after the date on which $15 billion or more of
Fannie Mae Servicing Rights (excluding the Excluded Assets) have been transferred to
Nationstar by Fannie Mae. In the event of any termination of any such Transaction Ancillary
Document with respect to any Fannie Mae Servicing Rights, or termination or purchase of any
Fannie Mae Servicing Rights, pursuant to this Section 16.4 (or related to a termination of
this Agreement pursuant to this Section 16.4), the termination fee and/or repurchase price
shall be determined in accordance with the terms of such Transaction Ancillary Document,
which may provide for the payment by Fannie Mae of a Wind Down Fee, and shall not necessarily
be affected by the termination of this Agreement. In the absence of terms in the Transaction
Ancillary Document regarding termination fee or a Wind Down Fee, Fannie Mae shall pay
Nationstar a termination fee calculated in accordance with Part I, Section 201.08 of the
Fannie Mae Servicing Guide as in effect on the Effective Date.

               16.4.3 Any payment by Fannie Mae to Nationstar pursuant to this Section 16.4 shall be
paid in accordance with the payment application provisions of Section 16.13 hereof.

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     16.5 Termination of Agreement for Regulatory Event.

               16.5.1 Either Party may terminate this Agreement upon sixty (60) prior days’ notice to
the other Party if a Regulatory Event occurs and is continuing with respect to Fannie Mae or
Nationstar, as applicable. If Fannie Mae terminates this Agreement pursuant to this Section
16.5, Fannie Mae shall pay Nationstar an Expense Recapture Amount in respect of such
termination.

               16.5.2 In the event of any termination of any Transaction Ancillary Document with
respect to any Fannie Mae Servicing Rights, or termination or purchase of any Fannie Mae
Servicing Rights, pursuant to this Section 16.5 (or related to a termination of this
Agreement pursuant to this Section 16.5), the termination fee and/or repurchase price shall
be determined in accordance with the terms of such Transaction Ancillary Document, which may
provide for the payment by Fannie Mae of a Wind Down Fee, and shall not necessarily be
affected by the termination of this Agreement. In the absence of terms in the Transaction
Ancillary Document regarding termination fee or a Wind Down Fee, Fannie Mae shall pay
Nationstar a termination fee calculated in accordance with Part I, Section 201.08 of the
Fannie Mae Servicing Guide as in effect on the Effective Date.

               16.5.3 Any payment by Fannie Mae to Nationstar pursuant to this Section 16.5 shall be
paid in accordance with the payment application provisions of Section 16.13 hereof.

     16.6 Termination and Purchase of Fannie Mae Servicing Rights. Separate and apart from
Fannie Mae’s right to exercise its “call” pursuant to Section 1.5 hereof, at any time thirty (30)
months after the date on which $15 billion or more of Fannie Mae Servicing Rights (excluding the
Excluded Assets) have been transferred to Nationstar by Fannie Mae, Fannie Mae may elect to
purchase all or any portion of the Fannie Mae Servicing Rights for an amount equal to (a) the
termination fee and/or repurchase price under Part I, Section 201.08 of the Fannie Mae Servicing
Guide as in effect on the Effective Date; (b) less any recapture of purchase subsidy amounts as set
forth in paragraph 16.13, below; and (c) plus, if the purchase does not provide for Nationstar to
provide Subservicing for such purchased Fannie Mae Servicing Rights, the Expense Recapture Amount
pro rated for the portion of the total Fannie Mae Servicing Rights purchased by Fannie Mae. Except
as otherwise provided in this Agreement, any termination of any Transaction Ancillary Document
shall be governed by terms of such Transaction Ancillary Document, which may provide for the
payment by Fannie Mae of a Wind Down Fee, and shall not be affected by the termination of this
Agreement.

     16.7 Termination of Agreement by Nationstar. Nationstar may terminate this Agreement if
Fannie Mae breaches its representations, warranties or covenants in this Agreement in any material
respect and such breaches are not cured within ninety (90) days after Nationstar’s notice thereof
provided that any termination of any Transactional Ancillary Document shall be governed by terms of
such Transactional Ancillary Document and shall not be affected by the termination of this
Agreement. If Nationstar

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terminates this Agreement pursuant to this Section 16.7, Fannie Mae shall pay Nationstar an
Expense Recapture Amount in respect of such termination.

     16.8 Termination of Subservicing Agreements. Termination of any Subservicing Agreement and
the right to Subservice the related Fannie Mae Subservicing Appointments is governed by the
applicable Subservicing Agreement.

     16.9 Termination of Servicing of REO Properties. Without terminating this Agreement or any
Subservicing Agreement, Fannie Mae at any time may transfer the Servicing or Subservicing of all or
any REO Properties then serviced or subserviced by Nationstar in which case no termination fee
shall be payable by Fannie Mae.

     16.10 Impact on MSSC. In the event that this Agreement is terminated, the MSSC, as amended
by this Agreement with respect to the relative rights and obligations of Fannie Mae and Nationstar
pertaining to any Fannie Mae Rights, shall remain in full force and effect unless specifically
terminated with respect to all or any portion of the Fannie Mae Rights.

     16.11 Survival. Termination of this Agreement shall not relieve Nationstar Mortgage, LLC,
Nationstar or Fannie Mae of any liability it may have under this Agreement pertaining to the period
prior to such termination, including without limitation any indemnification obligation.
Notwithstanding the foregoing, Nationstar and Fannie Mae hereby agree that the provisions of
Sections 2.2, 2.3, 6, 15, 16, 20, and 23 shall survive the termination or expiration of this
Agreement. If any Subservicing Agreement is not terminated in whole, then the provisions of this
Agreement that apply to the Servicing or Subservicing of Mortgage Loans shall survive with respect
to the MSSC or the Subservicing Agreement, notwithstanding the termination of this Agreement.

     16.12 Disengagement Assistance. Regardless of the basis for termination or expiration of
this Agreement (in whole or in part) or the Party invoking the termination, commencing six months
prior to the expiration of the Agreement or commencing upon a notice of the termination or of
non-renewal of the Agreement, and continuing through the effective date of expiration or, if
applicable, termination of the Agreement, Nationstar will in all cases provide reasonable
disengagement assistance to facilitate the transfer of the Servicing or Subservicing to another
entity. Fannie Mae shall pay Nationstar any reasonable costs and expenses incurred by Nationstar
in connection with such disengagement assistance. Nationstar will use commercially reasonable
efforts to minimize Fannie Mae’s costs and management time resulting from the cessation of the
terminated services and to minimize the implementation time for the transfer of the terminated
Servicing or Subservicing to Fannie Mae and/or its successor servicer(s) or servicer(s). If this
Agreement or any services are being terminated by Nationstar pursuant to Section 16.7, then Fannie
Mae will be required to pay Nationstar’s reasonable costs and expenses for disengagement assistance
monthly in advance.

     16.13 Recapture of MSR Subsidy. In the event Fannie Mae subsidizes (the “Subsidy”)
Nationstar’s acquisition of Fannie Mae Rights from a Prior Servicer, Nationstar must seek approval
from Fannie Mae prior to executing a subsequent sale of

40

 

such Fannie Mae Servicing Rights to any third party. In the event Nationstar sells the
subsidized Fannie Mae Rights, Fannie Mae shall be entitled to recapture the subsidy paid to the
Prior Servicer according to the following priority:

               (a) Fannie Mae, as lender, shall be paid first from the proceeds of any sale of the Fannie Mae
Rights, in an amount necessary to satisfy any outstanding loans made by Fannie Mae to Nationstar to
finance the purchase of Fannie Mae Rights or the making of servicing advances pursuant to any
outstanding Contracts;

               (b) Fannie Mae and Nationstar shall be paid second from the proceeds of any sale of Fannie Mae
Rights, in an amount pro rata based on the economic value provided by each Party to acquire such
Fannie Mae Rights (excluding, for example, the amount paid by Nationstar based on any subsidy
provided by Fannie Mae in connection therewith) until the subsidy has been repaid in full to Fannie
Mae. The foregoing allocations shall be calculated using the aggregate unpaid principal balance of
the Mortgage Loans (i) for which the related Fannie Mae Rights are being sold or otherwise
transferred, and (ii) as of the applicable sale date set forth in the applicable Fannie Mae Rights
purchase agreement or transfer documentation;

               (c) Nationstar shall be paid any remaining proceeds of any sale of Fannie Mae Rights.

     For the avoidance of doubt, the following example is intended to illustrate the application of
the formula set forth in this Section 16.13: assume a transaction in which Fannie Mae Servicing
Rights subject to this Agreement are purchased for ninety (90) basis points (0.90%), with
Nationstar paying thirty (30) basis points (0.30%) (of which twenty five (25) basis points (0.25%)
are financed by Fannie Mae) and Fannie Mae subsidized sixty (60) basis points (0.60%) of the
purchase price. Then, at a later date such Fannie Mae Servicing Rights are sold for seventy (70)
basis points (0.70%). The money paid by the buyer of the Fannie Mae Servicing Rights would first go
to pay off the balance on the financing obligation, with the remainder being divided between
Nationstar and Fannie Mae on a ratio of 1/3rd and 2/3rds, respectively.

17. Access to Records. Upon written request by Fannie Mae, Nationstar shall deliver all, or a
portion of, the Mortgage Loan records and documents to Fannie Mae or its designee in the manner
provided in the MSSC and the Guides.

18. Waivers.The waiver by any party hereto of a breach of any provision of this Agreement shall
not operate or be construed as a waiver of any other subsequent breach.

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19. Entire Agreement; Amendment. The NDA, the MSSC and other Contracts, the Ancillary
Documents and this Agreement, including all documents and exhibits incorporated by reference
therein and herein, constitute the entire agreement between the parties with respect to Servicing
and Subservicing of the Mortgage Loans for Fannie Mae. This Agreement may be amended and any
provision hereof waived, but, only, in the case of a waiver, in writing signed by the party against
whom such enforcement is sought or, in the case of an amendment, in a writing signed by Nationstar
and Fannie Mae.

20. Applicable Law. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF NEW YORK
(WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES), EXCEPT TO THE EXTENT PREEMPTED BY FEDERAL LAW.

21. Relationship of Parties. Nothing herein contained shall be deemed or construed to create a
partnership or joint venture between the Parties. The duties and responsibilities of Nationstar
shall be rendered by it as an independent contractor and not as an agent of the Fannie Mae.

22. Severability of Provisions. If any one or more of the covenants, agreements, provisions or
terms of this Agreement shall be held invalid for any reason whatsoever, then such covenants,
agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements,
provisions or terms of this Agreement and be restated to reflect as nearly as possible the original
intentions of the Parties and shall in no way affect the validity or enforceability of the other
provisions of this Agreement.

23. Waiver of Trial by Jury. NATIONSTAR AND FANNIE MAE EACH KNOWINGLY, VOLUNTARILY AND
INTENTIONALLY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A
TRIAL BY JURY OF ANY DISPUTE ARISING UNDER OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY.

24. Assignability. Except as otherwise set forth herein, neither Nationstar nor Fannie Mae
shall sell, transfer, convey, assign or pledge this Agreement or any of their respective rights
under this Agreement, the NDA, the Ancillary Documents, the MSSC and other Contracts (including the
Subservicing Agreements) without the prior express written approval of the other Party, which
approval may be granted in the sole and absolute discretion of the other Party.

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25. Signatures/Counterparts. This Agreement may be executed by each Party (i) in one or more
fully executed copies, each of which shall constitute a fully executed original Agreement, and/or
(ii) in counterparts having one or more original signatures, and all such counterparts containing
the original signatures of all of the parties hereto taken together shall constitute a fully
executed original Agreement, as applicable, and/or (iii) by delivery of one or more original signed
signature pages to the other parties hereto (x) by mail or courier, and/or (y) by electronic
transmission, including without limitation by telecopy, facsimile or email of a scanned image
(“Electronic Transmission”), each of which as received shall constitute for all purposes an
executed original signature page of such Party. Each Party may deliver a copy of this Agreement,
fully executed as provided herein, to Fannie Mae by mail and/or courier and/or Electronic
Transmission, and such copy as so delivered shall constitute a fully executed original Agreement,
superseding any prior form of the Agreement that differs therefrom in any respect.

26. Notices. Any notices or requests required under this Agreement shall be sent via U.S.
Postal Service or reliable overnight delivery service, to Fannie Mae and Nationstar at the
addresses set forth below:

	 	 	 

	Fannie Mae:

	 	3900 Wisconsin Avenue, NW
	 

	 	Washington, DC 20016
	 

	 	Attention: David Hisey
	 

	 	Deputy Chief Financial Officer
	 
	 	 
	 

	 	With copies to
	 
	 	 
	 

	 	3900 Wisconsin Avenue, NW
	 

	 	Washington, DC 20016
	 

	 	Attention: Tim Mayopoulos, Esq.
	 

	 	General Counsel
	 
	 	 
	 

	 	And
	 
	 	 
	 

	 	National Servicing Organization
	 

	 	14221 Dallas Parkway
	 

	 	Suite 1000
	 

	 	Dallas, Texas 75254
	 

	 	Attention: Leslie Peeler
	 

	 	Vice President — Servicer Management
	 
	 	 
	Nationstar:

	 	Nationstar Mortgage LLC
	 

	 	350 Highland Drive
	 

	 	Lewisville, TX 75067
	 

	 	Attn: Anne Sutherland,
	 

	 	General Counsel
	 
	 	 
	 

	 	With copies to:

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	 	Nationstar Mortgage LLC
	 

	 	350 Highland Drive
	 

	 	Lewisville, TX 75067
	 

	 	Attn: Anthony H. Barone
	 

	 	President and Chief Executive Officer
	 
	 	 
	 

	 	Nationstar Mortgage LLC
	 

	 	350 Highland Drive
	 

	 	Lewisville, TX 75067
	 

	 	Attn: Jay Bray
	 

	 	Chief Financial Officer

27. Informal Dispute Resolution. Prior to the initiation of formal dispute resolution
procedures, the Parties will first attempt to resolve their dispute informally in accordance with
the escalation procedures set out in the following protocols:

     27.1 Relationship Executives. A dispute under this Agreement initially will be referred in
writing to Nationstar’s relationship manager pursuant to Section 1.6 hereof and his or her primary
contact at Fannie Mae (the “Relationship Executives”)

     27.2 Advisory Committee. If the Relationship Executives are unable to resolve the dispute
within 15 days of their receipt of the written referral to the Relationship Executives, the dispute
will be referred in writing to the Advisory Committee.

     27.3 Lead Executives. If the Advisory Committee is unable to resolve the dispute within 30
days of its receipt of the written referral to the Advisory Committee:

               27.3.1 the dispute will be referred in writing to a senior representative of each Party
who does not devote substantially all of his time to performance under the Agreement
(together the “Lead Executives”).

               27.3.2 Within seven days after receipt of a written referral of a dispute from the
Advisory Committee, the Lead Executives will meet promptly to discuss the dispute and attempt
to resolve it without the necessity of any formal proceeding. They will meet as often as
they deem necessary in order that each Party may be fully advised of the other’s position.
During the course of discussion, all reasonable requests made by one Party to the other for
non-privileged information reasonably related to the matters in dispute will be honored
promptly.

               27.3.3 All discussions and negotiations (and information exchanged) by the Parties
pursuant to this Section 27.3 will be Confidential Information and will be treated as
compromise and settlement negotiations for purposes of applicable rules of evidence; provided
however, that this provision will not be construed to exclude the discoverability or
admissibility of evidence otherwise discoverable or admissible under applicable laws or rules
of evidence merely because it was presented in the course of such compromise negotiations.

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               27.3.4 The specific format for the discussions will be left to the discretion of the
Lead Executives.

               27.3.5 If the dispute has not been resolved within 60 days after its initial referral to
the Relationship Executives, either Party may initiate formal proceedings for the resolution
of the dispute.

28. Conflict with Fannie Mae Guides. In the event of any conflict or inconsistency between
this Agreement and the Fannie Mae Guides, the terms of this Agreement shall control.

29. Definitions. All terms in this Agreement shall have the same meaning as used in the MSSC
and Fannie Mae Guides unless otherwise specified in this definitional section of the Agreement or
in the body hereof.

          Accepted Servicing Practices: With respect to any Mortgage Loan, those mortgage
servicing practices (including collection procedures) of prudent mortgage banking institutions that
service loans of the same product type, loan features and terms, payment status, and borrower
characteristics, as the Mortgage Loans in the jurisdiction where the Mortgaged Property is located.

          Action: Any claim, action, suit, arbitration, inquiry, proceeding or investigation in
a civil action or by or before any Governmental Authority.

          Affiliate: With respect to any Person, any other Person which, directly or
indirectly, controls, is controlled by, or is under common control with, such Person. For purposes
of this definition, “control” (together with the correlative meanings of “controlled by” and “under
common control with”) means possession, directly or indirectly, of the power (a) to vote ten
percent (10%) or more of the securities (on a fully diluted basis) having ordinary voting power for
the directors or managing general partners (or their equivalent) of such Person, or (b) to direct
or cause the direction of the management or policies of such Person, whether through the ownership
of voting securities, by contract, or otherwise.

          Agreement: This Strategic Relationship Agreement and all amendments hereof, Exhibits
and supplements hereto.

          Ancillary Documents: The Contracts, the Fannie Mae Guides and all notices,
certificates, and other documents to be executed and delivered by Nationstar in connection with the
transactions contemplated by this Agreement.

          Annual Business Plan: The annual business plan provided for in Section 5.2.3 hereof.

          Baseline Servicing Functions: All collection activities relating to the Servicing and
Subservicing functions, including communicating with Mortgagors to collect payments and avoid and
cure delinquencies and defaults; maintaining low

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delinquency rates; engaging in loss mitigation activities; and providing reports to
Governmental Authorities and Investors.

          Business Day: Any day other than (i) a Saturday or Sunday, (ii) a day on which the
main offices of Fannie Mae in the District of Columbia are scheduled to be closed or (iii) a day on
which banking institutions in the State of Texas are authorized or obligated by law or executive
order to be closed.

          Capital Basis: Any and all incremental or additional, reasonable costs and expenses
incurred or to be incurred by Nationstar pursuant to binding obligations in connection with or as a
result of the establishment and/or winding down of the Division or the Servicing Subsidiary,
including: severance costs, lease obligations, capital expenditures made or committed to be made,
costs of providing employee benefits or other Corporate Services, fees and expenses of counsel,
permitting and licensing costs; provided, however, that the portion, if any, of such costs and
expenses that are not reasonably allocable to the Division or the Servicing Subsidiary shall not be
included in the definition of “Capital Basis,” but not including any such costs or expenses that
have already been paid to Nationstar hereunder, including pursuant to Section 1.4.5.

          Change of Control: means the acquisition by any Person, or two or more 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) of outstanding shares of voting
stock or ownership interests of an entity at any time if after giving effect to such acquisition
such Person or Persons owns the lesser of (i) fifty percent (50%) or more of such outstanding
voting stock or ownership interests on a fully diluted basis or (ii) such amount of outstanding
voting stock or ownership interest to provide such Person or Persons with effective control.

          Consumer Personal Information: Any information, including, but not limited to, all
personal information, about a Mortgagor that is disclosed to either Nationstar or Fannie Mae by or
on behalf of a Mortgagor.

          Contracts: Any Contractual Obligation between Nationstar and Fannie Mae, including,
without limitation, the MSSC, that certain Nationstar Supplemental Servicing Agreement dated as of
November 14, 2008, Nationstar Supplemental Servicing Agreement dated as of September 30, 2009,
Senior Secured Credit Agreement dated as of October 1, 2009, Amended and Restated Servicer Advance
Early Reimbursement Mechanics Addendum dated as of September 30, 2009, any Supplemental Servicing
Agreements, and the Subservicing Agreements.

          Contractual Obligation: With respect to any Person, any provision of any security
issued by that Person or of any indenture, mortgage, deed of trust, contract, undertaking,
agreement or other instrument to which that Person is a party or by which it or any of its
properties is bound or to which it or any of its properties is subject, including, without
limitation, this Agreement, the Ancillary Documents and Servicing Agreements with other Investors.

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          Corporate Services: Corporate Services shall consist of general corporate and
administrative services necessary for the operation of Nationstar, the Division and the Subsidiary.
Such general corporate and administrative shared services shall consist of:

          (i) Human Resources: including recruiting, retention, payroll, compensation,
training, employee development, and HR compliance.

          (ii) Employee Benefits: including 401k administration, medical and other insurance
inquiries.

          (iii) Accounting: including budgeting, servicing and loan valuations, accounts
receivables, accounts payable.

          (iv) Legal and Compliance Services: including litigation management, regulatory,
finance transactions, vendor agreements, document review and other general support functions, state
exams, state reporting, licensing, fee engine administration, and broker and closing agent
approvals.

          (v) Real Estate and Facilities Services: including maintenance and management
services, security, janitorial, HVAC, cafeteria, vending, mail and loading docks.

          (vi) Information Technology Services: including computer, software,
telecommunications, photocopy and fax equipment, maintenance and services, and support products and
services, data entry not principally used in performance of Servicing or Subservicing.

          (vii) Telecommunications Technology: including a PBX/Switch, IVR, Call Recording, &
Predictive Dialer technology along with appropriate network circuitry.

          (viii) Finance: including profit planning and analysis, budget preparation, staffing
models, cost accounting, revenue analysis and expense analysis, HAMP/Treasury reporting.

          (ix) Corporate Insurance: including D&O, E&O, Fidelity, Fiduciary, General Liability,
Umbrella, Auto and Property insurance coverage’s and Surety Bonds.

          (x) Treasury: including advance funding, debt facility management, cash management,
investor reporting wire activity, bank account management, and advance recovery wire activity.

          Custodial Accounts: Those accounts used for depositing and/or disbursing all
principal, interest, tax, and insurance payments and other custodial and escrow funds related to
the Mortgage Loans, including any separate escrow disbursement accounts.

          Dedicated Employee: An employee of Nationstar who Nationstar anticipates will spend
all of his working hours dedicated to the activities of the Division;

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provided, however, that such employee may have other obligations and perform other services
during such working hours for Nationstar (in addition to those obligations and services for the
Division) when it is economically and administratively reasonable to do so based on, among other
factors, the volume of Fannie Mae Rights being administered by the Division.

          Default: An Event of Default or an Unmatured Event of Default.

          Depository Accounts: The accounts used for depositing and clearing all amounts
received with respect to the Mortgage Loans, including, without limitation, Mortgagor payments,
wire transfers, ACH or other electronic transfers, and claim payments, and for processing “NSF”
checks.

          Division: Has the meaning specified in Section 1.3.

          Effective Date: The meaning set forth in the introductory paragraph of this Agreement.

          Event of Bankruptcy: Shall be deemed to have occurred with respect to a Person if
either:

          (a) a case or other proceeding shall be commenced, without the application or consent of such
Person, in any court, seeking the liquidation, reorganization, debt arrangement, dissolution,
winding up, or composition or readjustment of debts of such Person, the appointment of a trustee,
receiver, custodian, liquidator, assignee, sequestrator or the like for such Person or all or
substantially all of its assets, or any similar action with respect to such Person under any law
relating to bankruptcy, insolvency, reorganization, winding up or composition or adjustment of
debts, and such case or proceeding shall continue undismissed, or unstayed and in effect, for a
period of 60 consecutive days; or an order for relief in respect of such Person shall be entered in
an involuntary case under the federal bankruptcy laws or other similar laws now or hereafter in
effect;

          (b) such Person shall commence a voluntary case or other proceeding under any applicable
bankruptcy, insolvency, reorganization, debt arrangement, dissolution or other similar law now or
hereafter in effect, or shall consent to the appointment of or taking possession by a receiver,
liquidator, assignee, trustee, custodian, sequestrator (or other similar official) for, such Person
or for any substantial part of its property, or shall make any general assignment for the benefit
of creditors, or shall fail to, or admit in writing its inability to, pay its debts generally as
they become due; or

          (c) the board of directors, trustee or other similar governing body of such Person (if such
Person is a corporation, business trust, or similar entity) shall vote to implement any of the
actions set forth in clause (b) above.

          Event of Default: The meaning set forth in Section 14.

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          Excluded Assets: Means (i) the Fannie Mae Rights transferred to Nationstar on or
before September 30, 2009, including the Fannie Mae Rights formerly serviced by Flagstar Capital
Markets Corporation; (ii) any servicing rights (other than Fannie Mae Rights) held by Nationstar,
including those resulting from new originations; (iii) any other assets, properties, employees,
rights, contracts or licenses not primarily related to the Servicing or Subservicing of the Fannie
Mae Rights (other than Fannie Mae Rights that are otherwise within this definition of Excluded
Assets), including all of Nationstar’s originations; and (iv) all other assets, properties,
employees, rights, contracts or licenses primarily related to “Excluded Assets” set forth in
clauses (i)-(iii) above.

          Executive Complaint: Any written complaint received or handled by the Legal
Department or office of the President of Nationstar (or such other departments or offices of
Nationstar that are designated to fill the roles thereof with respect to complaints in the future)
related to Mortgage Loans, or otherwise escalated to senior management of Nationstar for
resolution.

          Expense Recapture Amount. The product of (i) the Capital Basis and (ii) a fraction,
the numerator of which is thirty (30) minus the number of months that have elapsed since the
Servicing Subsidiary has commenced operations, if any, (but not less than 0) and the denominator of
which is 30; provided, that if the Expense Recapture Amount is being determined prior to the
commencement of operations of the Servicing Subsidiary, such fraction shall be “1.”

          Fannie Mae: Has the meaning set forth in the introductory paragraph of this
Agreement.

          Fannie Mae Guides: The Fannie Mae Selling Guide and the Fannie Mae Servicing Guide,
as they exist on the date hereof, and as they may be amended, modified, restated or supplemented in
writing from time to time, including, without limitation, by Announcements and Lender Letters.

          Fannie Mae Indemnified Parties: The meaning set forth in Section 15.1.

          Fannie Mae Rights: The Fannie Mae Servicing Rights and Fannie Mae Subservicing
Appointments.

          Fannie Mae Servicing Rights: The Servicing Rights governed by this Agreement and as
to which the Investor is Fannie Mae.

          Fannie Mae Single Family Trust Agreement: That certain Single-Family MBS Master Trust
Agreement issued by Fannie Mae, as Trustee, Issuer and Guarantor, and effective as of June 1, 2007,
as the same may be modified or amended from time to time.

          Fannie Mae Subservicing Appointments: The Subservicing Appointments governed by this
Agreement and as to which the Investor is Fannie Mae and the direct Servicer is either the Prior
Servicer or Fannie Mae.

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          FHA: The Federal Housing Administration or any successor thereto.

          Float Benefit: The net economic benefit resulting from escrow and custodial deposits
held for the account of Servicer relating to the Subservicing. The Float Benefit is based on
Servicer’s selection of the investment facility or interest rate swap or other arrangement offered
from time to time by the financial institution holding custodial deposits, and includes, without
limitation, any compensating balance earnings credits and interest and other earnings on and in
respect of such deposits.

          Foreclosure: The process culminating in the acquisition of title to a mortgaged
property in a foreclosure sale or by a deed in lieu of foreclosure or pursuant to any other
comparable procedure allowed under applicable Legal Requirements.

          FIF HE: FIF HE Holdings, LLC.

          GAAP: Generally accepted accounting principles in the United States of America.

          Governmental Authority: Any federal, any state, local or other governmental or
political subdivision thereof, any municipality and any entity exercising executive, legislative,
judicial, regulatory or administrative functions of or pertaining to government.

          High Touch Servicing Protocols. The “high touch servicing protocols” attached hereto
as Exhibit A, as the same may be amended or supplemented from time to time in Fannie Mae’s
sole discretion, with reasonable advance notice to Nationstar, with reasonable adjustments to
compensation to reflect any material increase in Nationstar’s responsibilities.

          Indebtedness: As to any Person, (a) all indebtedness of such Person for borrowed
money, (b) the deferred purchase price of assets or services which in accordance with GAAP would be
shown on the liability side of the balance sheet of such Person, but not including trade and other
accounts payable arising in the ordinary course of business, (c) the face amount of all letters of
credit issued for the account of such Person and, without duplication, all drafts drawn thereunder,
(d) all indebtedness of a second Person secured by any lien on any property owned by such first
Person, whether or not such indebtedness has been assumed, (e) all capitalized lease obligations of
such Person, (f) all obligations of such Person to pay a specified purchase price for goods or
services whether or not delivered or accepted, (e.g., take-or-pay and similar obligations), but not
including trade and other accounts payable arising in the ordinary course of business, and (g) all
obligations of such Person under derivatives.

          Insurer: (a) A Person who insures or guarantees all or any portion of the risk of
loss on any Mortgage Loan or pool of Mortgage Loans, FHA, VA and any provider of private mortgage
insurance, standard hazard insurance, flood insurance, earthquake insurance or title insurance with
respect to any Loan or related Mortgaged Property, or (b) a Person who provides, with respect to a
Servicing Agreement, any

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fidelity bond, direct surety bond, letter of credit, other credit enhancement instrument or
errors and omissions policy.

          Investor: Any Person, including, without limitation, Fannie Mae, who owns or holds
Mortgage Loans or any interest therein, serviced or subserviced by Nationstar pursuant to a
Servicing Agreement or Subservicing Agreement, as applicable.

          Knowledge: The actual knowledge of Nationstar’s Chief Executive Officer, Chief
Financial Officer, General Counsel and Executive Vice President — Servicing.

          LIBOR: The rate for U.S. dollar deposits for a period equal to one month appearing on
Reuters Screen LIBOR01 Page or if such rate ceases to appear on Reuters Screen LIBOR01 Page, on any
other service providing comparable rate quotations at approximately 11:00 a.m., London time on the
date of determination. The LIBOR Rate applicable to each accrual period shall be determined on the
second business proceeding the first day of such accrual period.

          Master Servicing: The master servicing services in respect of Mortgage Pools or
Mortgage Loans, consisting principally of the following functions (or a portion thereof): (i) the
supervision and oversight of the performance by servicers of their obligations under servicing
agreements, but not otherwise having the contractual responsibility to Fannie Mae to collect
payments from or enforce the Loan documents against individual Mortgagors, except perhaps in the
event the servicer is terminated; (ii) causing Mortgage Loans to be serviced in the event a
servicer is terminated until a replacement servicer is retained; (iii) the calculation of payments
due to owners of mortgage-backed securities, asset-backed securities, participation certificates or
other similar securities or Mortgage Loans; (iv) the transmittal of payments related to Mortgage
Loans or related securities to the Investor; (v) the transmittal or payment of servicer advances;
(vi) the preparation of reports to Investors, tax authorities and the Securities and Exchange
Commission; and (vii) if applicable, the compliance with REMIC or other relevant tax requirements.

          Material Adverse Effect: With respect to Nationstar Mortgage LLC, Nationstar or FIF
HE, (i) any change, event or effect that has resulted in or is reasonably likely to result in or
have, a material adverse change in, or a material adverse effect upon, the business, results of
operations or the financial condition of Nationstar Mortgage LLC, Nationstar or, as applicable, the
Division, or FIF HE or the value or performance of the Fannie Mae Rights, excluding any change,
event or effect attributable to or resulting from (1) adverse changes in the economy or the
financial markets in general; (2) adverse changes in economic, business or financial conditions,
including interest rate conditions, affecting companies engaged in the mortgage banking business;
(3) changes in laws, regulations, GAAP, interpretations of laws, regulations, GAAP, or regulatory
accounting requirements applicable generally or to mortgage banking companies; (4) this Agreement
or the transactions contemplated hereby or the announcement thereof; (5) actions or omissions, or
effects of actions or omissions, taken with the prior written consent, or at the direction, of
Fannie Mae; or (6) any action not taken or omission made because the

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consent of Fannie Mae thereto reasonably requested by Nationstar Mortgage LLC, Nationstar or
FIF HE and required by this Agreement was denied or not acted upon in a timely manner by Fannie
Mae, to the extent, in the case of clauses (2) and (3), such changes have not had a materially
adverse disproportionate effect on Nationstar Mortgage LLC, Nationstar, FIF HE, or the Fannie Mae
Rights relative to other similarly situated entities operating in the mortgage banking business; or
(ii) a material impairment of Nationstar Mortgage LLC’s, Nationstar’s or the Division’s ability to
perform any of its material obligations under this Agreement and other Contracts, or FIF HE’s
ability to perform under the Guaranty, or to consummate the transactions contemplated hereby in
accordance with the terms of this Agreement.

          Monthly Forecasts: Has the meaning set forth in Section 5.2.9.4.

          Mortgage: The mortgage, deed of trust or other instrument securing a Mortgage Note,
which creates a first or second lien on an unsubordinated estate in fee simple in real property
securing the Mortgage Note.

          Mortgage Loan: An individual mortgage loan that is serviced or subserviced by
Nationstar, pursuant to the terms of this Agreement and the Ancillary Documents. The Mortgage
Loans shall consist of those mortgage loans with respect to which the Servicing or Subservicing
thereof is transferred to Nationstar in accordance with Section 1.2 hereof, including all monthly
mortgage payments, principal prepayments, and all other rights, benefits, proceeds and obligations
arising from or in connection with such Mortgage Loan.

          Mortgage Loan File: The custodial file and all other documents, instruments,
agreements and records relating to the Mortgage Loans reasonably necessary to provide Servicing for
the Mortgage Loans in accordance with the Servicing Standards.

          Mortgage Note: The promissory note or other evidence of the indebtedness of a
Mortgagor secured by a Mortgage.

          Mortgaged Property: The real property improved by a 1- to 4-family dwelling that is
the collateral for repayment of the Mortgage Note and is considered to be real property in the
state in which the Mortgaged Property is located. For purposes of this Agreement, real property
satisfying the requirements to qualify as a co-operative or a condominium under applicable state
law is also deemed to be a Mortgaged Property.

          Mortgagor: The obligor on a Mortgage Note, who may also be the owner of the Mortgaged
Property and the grantor or mortgagor named in the related Mortgage.

          MSSC: Has the meaning set forth in the introductory paragraph of this Agreement.

          Nationstar: Nationstar Mortgage LLC, or the Servicing Subsidiary after it assumes
this Agreement, or any successor thereto.

          Nationstar Indemnified Parties: The meaning set forth in Section 15.2.

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          NDA: Has the meaning set forth in Section 6.

          Party: Fannie Mae, Nationstar Mortgage LLC or Nationstar.

          Payment Clearing Account: The account used for daily concentration of all deposits
made to the Depository Accounts and for funding all Custodial Accounts.

          Person: An individual, partnership, corporation, limited liability company, business
trust, joint stock obligors, trust, unincorporated association, joint venture or governmental
authority.

          Prior Servicer: The Mortgage Loan servicer which serviced the Mortgage Loans
immediately prior in time to the Servicing Transfer Date for any given portfolio of Mortgage Loans.

          Proprietary Information: The meaning set forth in the NDA.

          Recourse: With respect to any mortgage loan, any liability of Nationstar (a) for
losses incurred in connection with the Foreclosure or other disposition of, or other realization or
attempt to realize upon the collateral securing, such mortgage loan (including losses relating to
loss mitigation or obtaining deeds in lieu of foreclosure), which losses are not reimbursable from
the applicable mortgagor or pursuant to the mortgage loan documents (other than through the pursuit
of deficiency judgment) or under the Servicing Agreement; (b) to repurchase such mortgage loan in
the event that the mortgagor of such mortgage loan is in bankruptcy, in Foreclosure or in
litigation; or (c) to repurchase such mortgage loan in the event of a delinquency or other payment
default thereunder by the mortgagor, except (i) insofar as such risk of loss is based upon a breach
by Nationstar of any of its contractual representations, warranties or covenants or (ii) expenses,
such as legal fees, in excess of the reimbursement limits, if any, set forth in the applicable
Requirements of Law or Contractual Obligation.

          Refinance Services: The loan origination Services provided by Nationstar Mortgage LLC
pursuant to Section 1.4.4.

          Reg AB: Has the meaning set forth in Section 5.2.15.

          Regulatory Event: A situation in which (i) either Fannie Mae or Nationstar becomes
subject to any Regulatory Order or an Action initiated by a Governmental Authority, and (ii) such
Regulatory Order or Action prevents or materially impairs such Party’s ability to discharge its
material obligations hereunder in any material respect.

          Regulatory Order: Any injunction, order, judgment, decree, memorandum of
understanding, consent decree, directive or regulatory restriction, or any change in or
interpretation of any law, rule or regulation, issued or imposed by a Governmental Authority and
such event is not removed or stayed within thirty (30) days after reasonable efforts to so remove
or stay such event are instituted.

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          Requirements of Law: With respect to any Person or any of its property, the
certificate of incorporation or articles of association and by-laws, certificate of limited
partnership, limited partnership agreement or other organizational or governing documents of such
Person, and any law, treaty, rule or regulation, order, judgment, decree, injunction, or
determination of any arbitrator or 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,
whether Federal, state or local.

          Responsible Officer: The chief executive officer, president, chief financial officer,
treasurer, or senior vice president of Nationstar Mortgage LLC or the Servicing Subsidiary, as
appropriate, or any other officer having substantially the same authority and responsibility.

          Serviced Loan: Any residential mortgage loan (other than the Mortgage Loans) subject
to a Servicing Agreement with an Investor other than Fannie Mae.

          Servicer: The person that has the contractual responsibility to the Investor to
administer the Servicing Rights, which may be the Prior Servicer or Fannie Mae.

          Servicer Bank Service Charges: With respect to the Payment Clearing Account,
Depository Accounts, Custodial Accounts, and the Advances Reserve Account, any and all charges,
fees and expenses assessed by the financial institution where such accounts presently are or in the
future may be maintained, an illustrative list of which is set forth on Exhibit E: Definitions —
Servicer Bank Charges. In the event Subservicer is using the above referenced accounts for any
purpose other than exclusively for the Subservicing, then Servicer Bank Service Charges shall be
limited to those of the type set forth on Exhibit E: Definitions — Servicer Bank Charges directly
related to, or the pro-rata portion thereof allocable to, the Subservicing.

          Servicing: The mortgage loan master servicing and servicing rights and obligations,
including one or more of the following functions (or a portion thereof): (a) the administration and
collection of payments for the reduction of principal and/or the application of interest on a
Mortgage Loan; (b) the collection of payments on account of taxes and insurance; (c) the remittance
of appropriate portions of collected payments; (d) the provision of escrow administration; (e) the
pursuit of foreclosure and alternate remedies against a related mortgaged property; (f) the
administration and liquidation of real estate owned properties; and (g) the performance of Master
Servicing, and, in each case, all rights, powers and privileges incident to any of the foregoing.

          Servicing Agreements: This Agreement and any other Contractual Obligation governing
the rights, duties and obligations of Nationstar with respect to the provision of Servicing and the
retention of the Servicing Rights, including with respect to the provision of Servicing for
Investors other than Fannie Mae.

          Servicing Fees: All compensation payable to Nationstar under the Servicing
Agreements, including each servicing fee payable based on a percentage of the

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outstanding principal balance of the Mortgage Loans and any other amounts payable to
Nationstar, under the Servicing Agreements.

          Servicing Functions: All functions necessary to conduct the Servicing or Subservicing
of the Mortgage Loans and operating as a servicing business, including all functions defined in
this Agreement as Baseline Servicing Functions, Corporate Services and Subsidiary Servicing
Functions.

          Servicing Rights: All right, title and interest of Nationstar and all obligations of
Nationstar under the Servicing Agreements to provide Servicing, including the right: (a) to
receive the Servicing Fees and any ancillary fees and any other compensation arising from or
payable to Nationstar under the Mortgage Loans or under the Servicing Agreements, earnings and
other benefits of the related custodial accounts and any other related accounts maintained by
Nationstar pursuant to the Servicing Agreement; (b) to any and all accounts established for the
Servicing of the Mortgage Loans or pursuant to the applicable Servicing Agreements, including, to
the extent provided therein, any right or power to direct the disposition, disbursement,
distribution or investment of amounts deposited therein; (c) in and to the related escrow accounts
and custodial accounts; and (d) the related Mortgage Loan Files, in each case, subject to the
terms, restrictions and conditions applicable thereto pursuant to the applicable Servicing
Agreement.

          Servicing Standards: The servicing standards and requirements set by (and in the
following priority, to the extent that there are inconsistencies among them): (i) Requirements of
Law, (ii) the applicable Mortgage Loan documents; (iii) the Fannie Mae Single Family Trust
Agreement, (iv) any applicable primary policy of mortgage insurance issued by a qualified Insurer
that relates to a Mortgage Loan; (v) this Agreement, including the High Touch Servicing Protocols;
(vi) the MSSC; (vii) the applicable Subservicing Agreement; (viii) the Fannie Mae Guides; and (ix)
Accepted Servicing Practices.

          Servicing Subsidiary: The stand-alone entity formed by Nationstar pursuant to Section
1.4.

          Servicing Transfer Date: The date on which the Servicing or Subservicing functions
associated with any Mortgage Loans are transferred to Nationstar.

          Shared Services Agreement: An agreement between Nationstar Mortgage LLC and the
Servicing Subsidiary pursuant to which Nationstar Mortgage LLC provides the Corporate Services at
its direct cost, with a reasonable allocation under an allocation methodology based on changing
circumstances, modified from time to time, by Nationstar Mortgage LLC and reasonably acceptable to
Fannie Mae of Nationstar Mortgage LLC’s overhead or general corporate costs.

          Solvent: With respect to any Person at any time, a condition under which:

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          (i) the fair value and present fair saleable value of such Person’s total assets is, on the
date of determination, greater than such Person’s total liabilities (including contingent and
unliquidated liabilities) at such time;

          (ii) the fair value and present fair saleable value of such Person’s assets is greater than
the amount that will be required to pay such Person’s probable liability on its existing debts as
they become absolute and matured (“debts”, for this purpose, includes all legal liabilities,
whether matured or unmatured, liquidated or unliquidated, absolute, fixed, or contingent);

          (iii) such Person is and shall continue to be able to pay all of its liabilities as such
liabilities mature; and

          (iv) such Person does not have unreasonably small capital with which to engage in its current
and in its anticipated business.

          For purposes of this definition:

          (A) the amount of a Person’s contingent or unliquidated liabilities at any time shall be that
amount which, in light of all the facts and circumstances then existing, represents the amount
which can reasonably be expected to become an actual or matured liability;

          (B) the “fair value” of an asset shall be the amount which may be realized within a reasonable
time either through collection or sale of such asset at its regular market value;

          (C) the “regular market value” of an asset shall be the amount which a capable and diligent
business person could obtain for such asset from an interested buyer who is willing to purchase
such asset under ordinary selling conditions; and

          (D) the “present fair saleable value” of an asset means the amount which can be obtained if
such asset is sold with reasonable promptness in an arms-length transaction in an existing and not
theoretical market.

          Stated Servicing Fee: The servicing fee as reported in Fannie Mae’s LASER reporting
system.

          Subservicing: Nationstar’s obligation to provide all Servicing with respect to the
Servicing Rights, except as otherwise provided in this Agreement or the applicable Subservicing
Agreement with respect to (i) the management of REO Properties, (ii) the repurchase or
indemnification with respect to Mortgage Loans pertaining to the period prior to the Servicing
Transfer Date, and (iii) any contract with a document custodian.

          Subservicing Agreements: This Agreement and any other Contractual Obligation
governing the rights, duties and obligations of Servicer with respect to the Subservicing pursuant
to the terms and conditions of one or more mutually agreeable subservicing agreements.

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          Subservicing Appointments: The appointment of Nationstar to provide Subservicing
under a Subservicing Agreement with respect to a pool of residential mortgage loans, together with
all related rights and obligations. Subservicing Appointments do not include ownership of the
related Servicing Rights.

          Subsidiary: A corporation of which a Person and/or its other Subsidiaries own,
directly or indirectly, such number of outstanding shares as have more than 50% of the ordinary
voting power for the election of directors.

          Subsidiary Servicing Functions: The following activities relating to the Servicing
and Subservicing functions:

          (v) Customer Service: including customer inquiry, assumptions and payoffs (inquiries
and quotes).

          (vi) Escrow Administration & Taxes: including analyzing the borrower’s escrow account
to ensure that the payment is sufficient to pay all escrow items and handling escrow funds.

          (vii) Foreclosures/Bankruptcy: including the foreclosure and bankruptcy process of
following state law and procedures dictated by the type of loan as well as protecting the loan
asset, ensuring compliance with federal bankruptcy code and ensuring property preservation.

          (viii) Real Estate-Owned: including all post-foreclosure sale activities, claims,
conveyance, property preservation and the disposal of acquired properties owned by the Servicing
entity.

          (ix) Insurance: including hazard insurance, mortgage insurance, optional insurance,
flood insurance, blanket fire insurance, insurance claims, mail processing and research.

          (x) Cashiering: including receiving and posting payments, ensuring accurate
application of the payments to the customers’ accounts, the end investors’ accounts and the
Nationstar’s corporate accounts.

          (xi) Special Mortgage Loans: including all maintenance required for special loans
such as ARM administration, rate analysis and research; modifications; partial releases; and HUD
235s.

          (xii) New Loan Setup: including accurate and timely setup of all new loans entering
the servicing system.

          (xiii) Business Intelligence. including all automated standardized reporting necessary
to support the business operation.

          (xiv) Risk Management: including portfolio analytics.

57

 

          Supplemental Servicing Agreement: has the meaning set forth in Section 2.2

          Transaction Ancillary Documents: Any Subservicing Agreement, Supplemental Servicing
Agreement, credit agreement, advance facility and any other contract executed of even date herewith
or during the term of this Agreement with respect to a specific portfolio of Fannie Mae Rights made
subject to this Agreement.

          Unmatured Event of Default: Any event which, with the giving of notice or lapse of
time, or both, would become an Event of Default.

          VA: The United States Department of Veterans Affairs or any successor thereto.

          Wind Down Fee: A fee to be paid by the terminating party in connection with a
termination of the ability of Nationstar to servicer or subservice Mortgage Loans, which fee may
vary according to the amount of time that Nationstar was servicing the portfolio, the size of the
portfolio, and the delinquency rate of the portfolio, all as specified in the relevant Transaction
Ancillary Document.

[Signature Page Follows]

58

 

IN WITNESS WHEREOF, this Agreement has been executed on behalf of each of the parties hereto by an
authorized representative.

NATIONSTAR MORTGAGE LLC

	 	 	 	 	 
	 	 	 
	By:  	/s/ Jay Bray
 	 	 
	 	Type Name:  	Jay Bray 	 	 
	 	Title:  	CFO 	 	 
	 
	FANNIE MAE

 	 	 
	By:  	/s/ Eric J. Schuppenhauer
 	 	 
	 	Type Name:  	Eric J. Schuppenhauer 	 	 
	 	Title:  	SVP, NSO 	 	 
	 

 

 

EXHIBIT A

HIGH TOUCH SERVICING PROTOCOLS

     1) Staffing Levels for High Risk Accounts

Unless otherwise approved by Fannie Mae, staff should be allocated to servicing loans included in
this portfolio transfer as follows:

	•	 	Maintain a trailing three month average of not more than 275 loans which are 30+ days
delinquent loans per collector at mid-month measurement. Loans which are in bankruptcy shall
not be included in the calculation of the number of loans per collector. Increases to this
standard will be considered by Fannie Mae based on Nationstar’s technology, expertise, and
performance. “Days delinquent” will be calculated based on the MBA method. Collections staff
should be able to perform repayment plans and HomeSaver Advances without referring the loan to
the Loss Mitigation group.

	•	 	Loans that are 60+ days delinquent will not be assigned to the general pool of collectors
within Nationstar’s facility. Instead, once a loan is 60+ days delinquent, responsibility for
collection and loss mitigation efforts will be assigned to one of Nationstar’s experienced
staff members who are well versed in counseling and loss mitigation techniques.

	•	 	Loss Mitigation caseload not to exceed 150 active high risk loans per loss mitigation
employee. Caseload is defined as active, workable loss mitigation negotiations in process.

     2) Welcome Call Requirement

Within five days of the receipt of servicing transfer file from prior servicer, Nationstar shall
initiate welcome calls to contact homeowners to confirm loan terms, contact information and set
payment expectations.

     3) Collection Strategy — Minimum Requirements

Perform at least the following actions during delinquency, unless instructed otherwise in writing
by Fannie Mae or prohibited by law:

Exhibit A-1

 

 

	 	 	 	 	 	 	 
	 	 	Days After	 	 
	Ref	 	Due Date	 	Action
	1)

	 	4-16	 	     Based on an agreed-to behavior
scoring model or approach and
subject to requirements of
applicable laws, begin
every-third-day calling
attempts by telephone until
both a 1) right party contact
has been made and 2) promise to
pay or payment is received.
Nationstar agrees to exert
commercially reasonable efforts
to maintain accurate contact
information for each homeowner.
	 
	 	 	 	 	 	 
	2)

	 	10-16	 	     Payment reminder notices or
late charge assessment notices
sent by the 16th day after a
scheduled payment remains
unpaid.
	 
	 	 	 	 	 	 
	3)

	 	17 — ongoing
	 	     For cases involving no contact
with the borrower by the 17th
day of delinquency, continue
calling attempts on all loans
until both a 1) right party
contact has been made and 2) a
promise to pay or payment is
received or reasonable
resolution has been negotiated,
subject to requirements of
applicable laws.
	 
	 	 	 	 	 	 
	4)

	 	17 — ongoing
	 	     For loans with no valid or
working phone numbers, conduct
skip trace research for contact
numbers and alternative mailing
addresses (in addition to the
property address).
	 
	 	 	 	 	 	 
	5)

	 	31-35	 	     Mail First Loss Mitigation
solicitation. (See section
below).
	 
	 	 	 	 	 	 
	6)

	 	31-35	 	     Where no contact has been
established with the homeowner
since the start of the prior
month, conduct skip trace
research for additional contact
numbers and mailing addresses
(in addition to the primary
residence address and phone
number).
	 
	 	 	 	 	 	 
	7)

	 	45	 	     In the absence of a pending
resolution to the default,
attempt hand delivery of a loss
mitigation solicitation similar
in content to the First Loss
Mitigation Solicitation to be
completed by Day 60. (This
activity may be combined with
the property inspection).
	 
	 	 	 	 	 	 
	8)

	 	45	 	     Order a property inspection in
the event no contact or payment
has been achieved. Property
inspections shall continue
every 30 days so long as the
loan remains 45 days or more
delinquent and no resolution to
the default has been reached.
	 
	 	 	 	 	 	 
	9)

	 	45	 	     Mail acceleration or breach
letter and any additional
required notification with an
expiration date no later than
35 days from issuance.

Exhibit A-2

 

 

	 	 	 	 	 	 	 
	 	 	Days After	 	 
	Ref	 	Due Date	 	Action
	10)

	 	50	 	     In the absence of a pending
resolution to the default,
attempt hand delivery of a loss
mitigation solicitation
offering HAMP (where financial
information is available) or
solicitating financial
information for HAMP where this
information is unavailable. If
the homeowner is known to be
ineligible for HAMP, attempt
hand delivery offering a
potential forbearance or other
loss mitigation solution to the
homeowner and detailing other
alternatives. (See section
below).
	 
	 	 	 	 	 	 
	11)

	 	65	 	     Mail Third Loss Mitigation
Solicitation that offers a
possible home retention
strategy (forebearance,
modification or HomeSaver
Advance), based on the
then-current loss mitigation
workout hierarchy.
	 
	 	 	 	 	 	 
	12)

	 	Within 5 days of Expiration of

Breach

(EOB)
	 	     If no payment arrangements or
workouts are pending, order an
exterior Broker’s Price Opinion
and obtain pre-approved
short-sale price from Fannie
Mae (if available). Nationstar
shall have protocols describing
a recurring ordering process
should the default persist.
Such protocols must be reviewed
by Fannie Mae.
	 
	 	 	 	 	 	 
	13)

	 	EOB -110
	 	     Prior to referral to
foreclosure, review account to
confirm contact attempts have
been made in accordance with
directions given above and no
payment or workout arrangements
are pending.
	 
	 	 	 	 	 	 
	14)

	 	Within 5 days
 after EOB
	 	     For Investment and Vacant
Properties, refer the loan to
foreclosure based on the
expiration of the breach
letter. Individual referral
models will be considered.
Nationstar should notify Fannie
Mae with a charge off
recommendation if Nationstar’s
equity analysis based on the
obtained valuation or condition
of the property warrant such
action.
	 
	 	 	 	 	 	 
	15)

	 	EOB-110
	 	     For all other Properties, refer
loans to foreclosure based on
the expiration of the breach
letter. Individual referral
models and approaches to the
referral process will be
considered. Nationstar should
notify Fannie Mae with a charge
off recommendation if
Nationstar’s equity analysis
based on the obtained valuation
or condition of the property
warrant such action.

Exhibit A-3

 

 

	 	 	 	 	 	 	 
	 	 	Days After	 	 
	Ref	 	Due Date	 	Action
	16)

	 	Within 10 days
 after referral
	 	     If available, mail Pre-approved
Solicitation (see below) via
overnight or 2nd day
delivery to borrower and make
follow-up call within 72 hours
of borrower expected receipt.
If pre-approved workout is not
available, mail an alternative
version of Third Loss
Mitigation Solicitation with
standard delivery.
	 
	 	 	 	 	 	 
	17)

	 	Within 30 days
 after referral
	 	     If no payment arrangements or
workout are pending, perform
face-to-face (door knock) and
deliver same document as mailed
in prior step.
	 
	 	 	 	 	 	 
	18)

	 	On-going
	 	     Attempts to contact borrower
and loss mitigation
solicitations must continue
throughout the foreclosure
process and up until the
foreclosure sale date. Skip
trace efforts should continue
until all reasonble sources
have been attempted or contact
numbers and addresses have been
verified.

Collection
calls to borrowers must be conducted each weekday from 8 a.m. - 9 p.m. local time for
the borrower (in all continental U.S. time zones, subject to compliance with applicable laws),
Monday through Thursday, Friday 8 a.m. - 3 p.m. and a minimum of three or more week-end days each
month. Call frequency must continue at least every third day on all loans for which no contact, no
promise to pay, or no payment arrangement has been made, or until the case is removed from the
calling queue due to justifiable reasons based on a response from the borrower. Each attempt to
contact must include all available phone numbers. Nationstar should actively continue all efforts
to cure the delinquency, including the every third day calling and loss mitigation solicitations
throughout the foreclosure process. Nationstar should vary call days and times based on a
best time to call algorithm.

The loss
mitigation department should be open each weekday from 8 a.m. - 9 p.m., in all
continental U.S. time zones, Monday through Thursday, Friday 8 a.m. - 3 p.m. and when collection
calls are being made on the week-end days.

     4) Minimum Loss Mitigation Solicitations as Noted Above

Nationstar agrees to develop and apply an appropriately aggressive and dynamic communication
strategy establishing a desire to partner with the homeowner to preserve homeownership wherever
possible. Written communications should be varied in style and presentation.

          (a) First Loss Mitigation Solicitation (Step 5) — First loss mitigation solicitation
should advise of options available based on the then-current hierarchy of workout solutions. The
solicitations should provide the customer with the documents and steps necessary to submit updated
income and expense information as well as an explanation of hardship. Customers should be able to
communicate information with Nationstar via email, fax or mail.

Exhibit A-4

 

 

          (b) Second Loss Mitigation Solicitation (Step 10) — Separate mailing which again
offers information promoting homeownership retention (as a preferred outcome) and also solicits
sale (or short sale). Sale solicitation should offer the customer assistance in marketing the
property, and presents the information provided in first loss mitigation solution in an alternate
format.

          (c) Third Loss Mitigation Solicitation (Step 11) —  HSA or Modification Solicitation
(Step 10) —Separate mailing that references the possibility of a home retention solution
(modification, forbearance or repayment plan, or HomeSaver Advance). This solicitation will
require the homeowner to communicate with Nationstar and submit the necessary information to
determine the most appropriate loss mitigation strategy.

          (d) Preapproved Solicitation (Step 16) — Solicitation provides a pre-approved
modification, HSA, or short-sale, as specified by Fannie Mae.

          (e) Door Knock (Step 17) — Using a third party, Preapproved Solicitation specified by
Fannie Mae or alternative version of Third Loss Mitigation Solicitation is delivered by hand to the
borrower’s home. At least three attempts are made (one on the weekend) to personally deliver the
loss mitigation option. Nationstar shall bear responsibility for managing the vendor relationship
and activity. Fannie Mae will bear responsibility for cost of all unsuccessful delivery attempts
and Nationstar shall bear cost for all successful delivery attempts.

     5) Specialized Loss Mitigation Campaigns

Nationstar acknowledges that Fannie Mae may from time to time propose specialized loss mitigation
campaigns, and agrees to take commercially reasonable steps to accommodate such efforts. In order
to measure success and enhance future campaigns, Nationstar agrees to make reasonable efforts to
track and share such results with Fannie Mae.

     6) Once Contact is Established

          (a) Determine Mortgage Loans Status —  In each borrower contact Nationstar will
confirm and document a customer’s Capacity to continue paying and Desire to retain property.
Capacity and Desire are defined as follows:

i. Capacity — A borrower has capacity if, after an analysis of
current income and expenses, it can be deemed that the borrower has
sufficient funds to remit the normal monthly PITI payment (including any
upcoming adjustments to the interest rate, if applicable).

ii. Desire — A borrower has desire if Nationstar is able to make a
qualitative judgment based on occupancy status and the borrower’s eagerness
to remedy the situation and perform on solutions provided.

          (b) Protocols — Nationstar agrees to apply all available Fannie Mae Loss Mitigation
tools in an appropriately aggressive manner. Nationstar should also recommend new Loss Mitigation
strategies to Fannie Mae.

Exhibit A-5

 

 

     Having found a homeowner to have both Capacity and Desire (as defined above), Nationstar must
execute a protocol aimed at successfully preserving homeownership using all approved Fannie Mae
loss mitigation tools.

i. When the borrower is found to have desire, but either has or will have
temporarily impaired Capacity, Nationstar should execute a routine
recommended by Nationstar. Such routine should first aim to preserve
homeownership and must be described in Nationstars Collections and Loss
Mitigation Policies and Procedures and reviewed by Fannie Mae.

ii. When the borrower is found to have desire, but permanently
impaired Capacity, Nationstar should execute the routine as prescribed by
the then-current Fannie Mae workout hierarchy.

iii. For customers with capacity, but impaired desire, the following should
be pursued as appropriate:

1. Negotiated full payoff

2. Short-sale (with promissory note if capacity allows)

3. Deed in lieu

     (7) Post-Modification. After a loan has been modified, Nationstar must call the
homeowner prior to the first modified payment due date to discuss modification loan terms. Absent
an automated or scheduled payment draft, Nationstar must begin calling the homeowner by not later
than the third day of delinquency in a specialized post-modification campaign. These loans should
be separate from the general collections pool for a period of not less than 12 months. All other
protocols must be followed. At the first sign of borrower stress, Nationstar shall promptly seek
another appropriate loss mitigation alternative.

     (8) Loan Performance Advisor. Fannie Mae will engage a third-party Loan Performance
Advisor to provide advice to Fannie Mae with respect to the performance of the loans, report any
performance-related issues, and perform analytics. Nationstar will provide the Loan Performance
Advisor loan level servicing and origination data and reports in an electronic format.

     (9) Use of Investor Reporting Vendor. Nationstar agrees to retain and employ the
services of a vendor recognized in the mortgage banking industry as experienced and qualified to
provide investor accounting and reporting services. For a period of at least six months,
Nationstar will work with such vendor to establish appropriate controls for investor accounting and
reporting and to perform investor accounting and reporting functions on the Mortgage Loans.

Exhibit A-6

 

 

EXHIBIT B

LOAN PERFORMANCE ADVISOR — DATA FIELDS

	 	 	 	 	 	 	 	 	 	 	 	 	 
	File	 	 	 	 	 	 	 	 	 	 
	Name	 	Name	 	Long Name	 	Desc	 	Type	 	Length
	LS

	 	AbandonDate	 	ABANDONDATE

	 	The date a property was reported
	 	smalldatetime
	 	 	8	 
	LS

	 	ActFirstLegal
	 	Actual First Legal Date

for Foreclosure
	 	abandoned/unoccupied.
The date the first legal action is
filed/performed by the foreclosure attorney.
	 	smalldatetime
	 	 	16	 
	LS

	 	ActRepayStart Date
	 	The Starting Date of a
Repayment Plan
	 	The first payment due/contribution date of a
repayment plan.
	 	smalldatetime
	 	 	16	 
	LS

	 	ArmFlag
	 	Arm Flag
	 	Flag (Y/N) denoting whether a loan is an ARM or
FIXED — Critical field
	 	varchar
	 	 	1	 
	LS

	 	AsOfDate
	 	AsOfDate
	 	The last day of the Reporting Month. Format
‘09/30/2006’. Note LEADING Zeros.
	 	smalldatetime
	 	 	16	 
	LS

	 	AtrnDateRefer
	 	Attorney date refer
	 	Date on which the case is referred to the back to
the servicer,
	 	smalldatetime
	 	 	16	 
	LS

	 	AtrnReferDate
	 	Attorney refer date
	 	The date on which this case is referred to the
attorney. Change only with multiple BK
	 	smalldatetime
	 	 	16	 
	LS

	 	Attempts
	 	Call attempts
	 	Number of times the servicer attemted to call
this borrower during the month.
	 	tinyint
	 	 	1	 
	LS

	 	Attorney
	 	Attorney name
	 	Attorney to whom the account is assigned.
Changes only with multiple BK
	 	varchar
	 	 	60	 
	LS

	 	BKNoteDate
	 	BK Note Date
	 	Bankruptcy comment date.
	 	smalldatetime
	 	 	16	 
	LS

	 	BKNoteText
	 	BK Note
	 	Bankruptcy comments or notes.
	 	varchar
	 	 	2000	 
	LS

	 	BKStatus
	 	Status
	 	The status code that is assigned during
bankruptcy activity. (Active, Discharged, etc.)
	 	varchar
	 	 	40	 
	LS

	 	BKStatusDate
	 	Status date
	 	The date the status was changed. Monthly change
when borrower is in BK.
	 	smalldatetime
	 	 	16	 
	LS

	 	BPOAsIs
	 	BPO as is value
	 	The as is BPO value. Will change if moves in and
out of foreclosure, and through the FC or default
process.
	 	numeric
	 	 	18	 
	LS

	 	BPODate
	 	BPO date
	 	Most recent BPO date.
	 	smalldatetime
	 	 	16	 
	LS

	 	BPONotes
	 	BPO notes
	 	BPO notes or comments.
	 	varchar
	 	 	800	 
	LS

	 	BPORepair
	 	BPO repair value
	 	The BPO repaired value.
	 	numeric
	 	 	18	 
	LS

	 	CarryOverFlag
	 	Carry over
	 	If checked (or 1), indicates that the ARM has a
carry over feature.
	 	varchar
	 	 	40	 
	LS

	 	CarryOverPct
	 	Carry over percent
	 	The maximum carry over percentage.
	 	real
	 	 	4	 
	LS

	 	CaseNumber
	 	Case number
	 	The Bankruptcy Case Number. Changes with multiple
bankruptcies.
	 	varchar
	 	 	40	 
	LS

	 	ChapterFiled
	 	Chapter filed
	 	Indicates which Chapter was filed. 7,11, 12 or 13.
	 	varchar
	 	 	40	 
	LS

	 	ClaimFiled
	 	MI claim filed date
	 	Date on which the mortgage insurance claim is
filed.
	 	smalldatetime
	 	 	16	 
	LS

	 	ClaimRcvd1st
	 	First MI claim rcvd date
	 	Date on which the first part of the mortgage
insurance claim is received.
	 	smalldatetime
	 	 	16	 
	LS

	 	ClaimRcvd2nd
	 	Second MI clain rcvd

date
	 	Date on which the second part of the mortgage
insurance claim is received, if applicable.
	 	smalldatetime
	 	 	16	 
	LS

	 	ComplaintFiled
	 	Complaint filed
	 	Date on which the complaint is filed (in a
judicial foreclosure/legal action)
	 	smalldatetime
	 	 	16	 
	LS

	 	ConfirmHearing
	 	Confirm hearing
	 	The date of the confirmation hearing. Can change
with multiple bankruptcies.
	 	smalldatetime
	 	 	16	 
	LS

	 	ContactDate
	 	Contactdate
	 	Date of first borrower contact in the current
reporting period.
	 	smalldatetime
	 	 	16	 
	LS

	 	ContestedDate
	 	Contested date
	 	The date on which a foreclosure was contested.
	 	smalldatetime
	 	 	16	 

Exhibit B-1

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	File	 	 	 	 	 	 	 	 	 	 
	Name	 	Name	 	Long Name	 	Desc	 	Type	 	Length
	LS

	 	ConvertibleFlag
	 	Convertible
	 	ValRule ConvertibleFlag must = one of the
Tristate values
	 	varchar
	 	 	40	 
	LS

	 	ConveyedInterest
	 	Conveyed Interest
	 	Yes/No value indicating if interest is conveyed.
	 	varchar
	 	 	40	 
	LS

	 	CreditorMeeting
	 	Creditor Meeting
	 	The date of the creditor’s meeting. Changes only
with multiple filings.
	 	smalldatetime
	 	 	16	 
	LS

	 	CurApprAsIs
	 	Current appraisal as-is

value
	 	Most recent appraisal as- is valuation.
	 	numeric
	 	 	18	 
	LS

	 	CurApprDate
	 	Current appraisal date
	 	Date of current appraisal completion.
	 	smalldatetime
	 	 	16	 
	LS

	 	CurApprNotes
	 	Current appraisal notes
	 	Most recent appraisal notes or comments.
	 	varchar
	 	 	800	 
	LS

	 	CurApprQuick
	 	Current Appraisail

Quick Sale Value
	 	The quick sale value from the most recent
appraisal.
	 	numeric
	 	 	18	 
	LS

	 	CurApprRepair
	 	Current appraisal

repair value
	 	Most recent appraisal repaired valuation.
	 	numeric
	 	 	18	 
	LS

	 	CurBal
	 	Cur Balance
	 	Current loan balance/UPB.
	 	numeric
	 	 	18	 
	LS

	 	CurrCoupon
	 	Current interest rate
	 	Current interest rate. Will change for ARM loans.
	 	real
	 	 	4	 
	LS

	 	CurrPIPmt
	 	Avg Cur PI PMT
	 	Current principal and interest payment.
	 	numeric
	 	 	18	 
	LS

	 	CurrStatus
	 	Current Loan status
	 	Current legal status of loan, LM, BK, REO,.
	 	varchar
	 	 	40	 
	LS

	 	CurrTIPmt
	 	Current T&I Payment

Amount
	 	Current tax and insurance payment amount.
	 	numeric
	 	 	18	 
	LS

	 	DateSecured
	 	Date secured
	 	Date on which the property is secured
	 	smalldatetime
	 	 	16	 
	LS

	 	DateWinterized
	 	Date winterized
	 	Date on which the property is winterized
	 	smalldatetime
	 	 	16	 
	LS

	 	DischargeDate
	 	Discharge date
	 	The date on which the bankruptcy case is
discharged.
	 	smalldatetime
	 	 	16	 
	LS

	 	DismissedDate
	 	Dismissed date
	 	The date on which the bankruptcy case is
dismissed.
	 	smalldatetime
	 	 	16	 
	LS

	 	DismissedType
	 	Dismissed type
	 	Indicates the type of discharge: D=dismissed,
R=released
	 	varchar
	 	 	40	 
	LS

	 	EndDate
	 	End date
	 	Date on which the foreclosure process is
completed.
	 	smalldatetime
	 	 	16	 
	LS

	 	FCNoteDate
	 	FC Note Date
	 	Foreclosure comment/note date.
	 	smalldatetime
	 	 	16	 
	LS

	 	FCNoteText
	 	FC Note Text
	 	Foreclosure comment/note text
	 	varchar
	 	 	5000	 
	LS

	 	FCStartDate
	 	FC Start Date
	 	Date on which foreclosure processing begins/loan
is referred to foreclosure attorney.
	 	smalldatetime
	 	 	16	 
	LS

	 	FCStatus
	 	Fcstatus
	 	Status of foreclosure. Active, On Hold, etc.
	 	varchar
	 	 	40	 
	LS

	 	FCStatusDate
	 	Fcstatusdate
	 	Date of the current foreclosure status
	 	smalldatetime
	 	 	16	 
	LS

	 	FCType
	 	Fctype
	 	Identifier of the foreclosure type. Judicial,
non-judicial.
	 	varchar
	 	 	40	 
	LS

	 	FileDate
	 	File date
	 	Date the borrower filed for Bankruptcy. Changes
with multiple BK filings.
	 	smalldatetime
	 	 	16	 
	LS

	 	FirstPostPmtDueDate
	 	First post pmt due date
	 	Due Date of first post petition payment.
	 	smalldatetime
	 	 	16	 
	LS

	 	FloorRate
	 	Floor Rate
	 	This is the lowest allowable interest rate.
	 	real
	 	 	4	 
	LS

	 	FrstChgPeriodDec
	 	First Chg Period

Decrease
	 	(First Change Period Decrease) This is the cap
for payment decrease on the first change date.
	 	real
	 	 	4	 
	LS

	 	FrstChgPeriodInc
	 	First Chg Period

Increase
	 	(First Change Period Increase) This is the cap
for for the payment increase on the first change
date.
	 	real
	 	 	4	 
	LS

	 	FrstPIChgDate
	 	First PI PMT Chg Date
	 	The first date a P&I payment change occurs.
	 	smalldatetime
	 	 	16	 
	LS

	 	FrstRateChgDate
	 	First Rate Chg Date
	 	The first date an interest rate change occurs.
	 	smalldatetime
	 	 	16	 
	LS

	 	HazExpDate
	 	Hazard exp. date
	 	Date in which hazard insurance expires
	 	smalldatetime
	 	 	16	 
	LS

	 	HAZInsClaimAmt
	 	Hazard Insurance Claim

Amount Filed
	 	The amount of the hazard claim filed by the
servicer, if applicable.
	 	numeric
	 	 	18	 
	LS

	 	HAZInsFileDate
	 	Date Hazard

InsuranceClaim Filed
	 	The date a hazard insurance claim is filed by the
servicer, if applicable.
	 	smalldatetime
	 	 	16	 

Exhibit B-2

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	File	 	 	 	 	 	 	 	 	 	 
	Name	 	Name	 	Long Name	 	Desc	 	Type	 	Length
	LS

	 	IndexRate
	 	Index rate
	 	The index rate used to calculate the new interest
rate.
	 	real
	 	 	4	 
	LS

	 	IndexType
	 	Index Type
	 	Type of index used for the reset calculation
	 	varchar
	 	 	50	 
	LS

	 	InspDate
	 	Inspection date
	 	Inspection completion date.
	 	smalldatetime
	 	 	16	 
	LS

	 	InspNotes
	 	Inspection notes
	 	Inspection notes or comments.
	 	varchar
	 	 	800	 
	LS

	 	InspOrderDate
	 	Inspection order date
	 	Inspection order date.
	 	smalldatetime
	 	 	16	 
	LS

	 	InspVendor
	 	Inspection vendor
	 	Inspection vendor name.
	 	varchar
	 	 	50	 
	LS

	 	JudgEntered
	 	Judgment entered
	 	Date on which the judgment is entered into the
court.
	 	smalldatetime
	 	 	16	 
	LS

	 	LastRcvdDate
	 	Last PMT date
	 	Last payment received date.
	 	smalldatetime
	 	 	16	 
	LS

	 	LetterheadDays
	 	Letterhead Days
	 	Number of days before the Next Rate Change date.
	 	tinyint
	 	 	1	 
	LS

	 	LifeRateDecrease
	 	Life Rate Decrease
	 	This amount subtracted from the Original Interest
- maximum life decrease.
	 	real
	 	 	4	 
	LS

	 	LifeRateIncrease
	 	Life Rate Increase
	 	This amount added to the Original Interest Rate -
maximum life increase
	 	real
	 	 	4	 
	LS

	 	LiquBal
	 	Liqu Bal
	 	Outstanding loan balance liquidated. Excludes
Prepayments (full payoffs). Includes UPB for
short sale, charge off, REO liquidations.
	 	numeric
	 	 	18	 
	LS

	 	LMNoteDate
	 	Lmnotedate
	 	Date of loss mitigation notes.
	 	smalldatetime
	 	 	16	 
	LS

	 	LMNoteText
	 	Lmnotetext
	 	Loss mitigation notes/comments.
	 	varchar
	 	 	5000	 
	LS

	 	LMStatus
	 	LM Status
	 	Workout plan current status. Active, declined,
etc.
	 	varchar
	 	 	40	 
	LS

	 	LMStatusDate
	 	LM Status Date
	 	Workout plan status date
	 	smalldatetime
	 	 	16	 
	LS

	 	LookbackPeriod
	 	Lookback
	 	Represents the number of “lookback” days for ARM
rate calculation
	 	varchar
	 	 	255	 
	LS

	 	LossPropPreserv
	 	Property Preservation

Costs
	 	Property Preservations Costs that cannot be
charged to the borrower.
	 	numeric
	 	 	18	 
	LS

	 	LPIDate
	 	Interest Paid Through

Date
	 	Crucial field for daily simple interest loans.
	 	smalldatetime
	 	 	16	 
	LS

	 	Margin
	 	Margin
	 	Used in ARM calculations. A percentage amount
added to the index amount.
	 	real
	 	 	4	 
	LS

	 	MfdFiledDate
	 	MFD filed date
	 	The date a Motion to Dismiss is filed.
	 	smalldatetime
	 	 	16	 
	LS

	 	MfdHearingDate
	 	MFD hearing date
	 	The date the Motion to Dismiss is set for a
hearing.
	 	smalldatetime
	 	 	16	 
	LS

	 	MfrFiledDate
	 	MFR filed date
	 	The date on which the motion for relief from stay
if filed.
	 	smalldatetime
	 	 	16	 
	LS

	 	MfrHearingDate
	 	MFR hearing date
	 	The date of the motion for relief hearing.
	 	smalldatetime
	 	 	16	 
	LS

	 	MfrObtainDate
	 	MFR obtain date
	 	The date on which the motion for relief is
obtained/granted.
	 	smalldatetime
	 	 	16	 
	LS

	 	MfrObtained
	 	MFR obtained
	 	Indicates whether the motion for relief was
granted.
	 	varchar
	 	 	40	 
	LS

	 	MfrReqDate
	 	MFR req date
	 	The date on which the motion for relief from stay
was requested.
	 	smalldatetime
	 	 	16	 
	LS

	 	MICertNo
	 	MI Certificate #
	 	The mortgage insurance certificate number, if
applicable.	 	 	 	 	 	 
	LS

	 	MinRateChg
	 	Min Rate Chg
	 	The minimum percentage of interest rate change
required.
	 	real
	 	 	4	 
	LS

	 	NegAmCap
	 	Negative amort cap
	 	If a Negative Amortization cap feature exists,
the cap amount.
	 	numeric
	 	 	18	 
	LS

	 	NegAmCapFlag
	 	Negative amort flag
	 	If checked (or 1), indicates that the ARM has a
negative amortization feature.
	 	varchar
	 	 	40	 
	LS

	 	NewRate
	 	PMT plan new interest

rate
	 	New interest rate as a result of the loan
workout/modification.
	 	real
	 	 	4	 
	LS

	 	NextDueDate
	 	Next due date
	 	Next PMT due date. Will change monthly.
	 	smalldatetime
	 	 	16	 

Exhibit B-3

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	File	 	 	 	 	 	 	 	 	 	 
	Name	 	Name	 	Long Name	 	Desc	 	Type	 	Length
	LS

	 	NextPIChgDate
	 	PI PMT chg date
	 	The date the next principal and interest payment
will change.
	 	smalldatetime
	 	 	16	 
	LS

	 	NextRateChgDate
	 	Next Rate chg date
	 	The date the next interest rate change will occur.
	 	smalldatetime
	 	 	16	 
	LS

	 	NoiDate
	 	NOI date
	 	Date on which the Notice of Intent to Foreclose
is completed.
	 	smalldatetime
	 	 	16	 
	LS

	 	NonComplianceDate
	 	Non-compliance date
	 	The date the borrower fails to comply with the
terms of the mortgage or litigation requirements.
	 	smalldatetime
	 	 	16	 
	LS

	 	NoOfRepayMonths
	 	No. of repay months
	 	The number of months a borrower has on a repay
plan.
	 	tinyint
	 	 	1	 
	LS

	 	ObjectionFiledDate
	 	Objection filed date
	 	The date an objection to the discharge is filed.
	 	smalldatetime
	 	 	16	 
	LS

	 	OriginalIndex
	 	Original Index
	 	The original index rate used in calculating the
Original interest rate.
	 	real
	 	 	4	 
	LS

	 	OrigLoanCode
	 	Original Loan Code
	 	Original Loan Number
	 	varchar
	 	 	50	 
	LS

	 	PeriodRateDec
	 	Period Rate Dec
	 	(Period Rate Decrease) This is the cap for the
per period rate decrease.
	 	real
	 	 	4	 
	LS

	 	PeriodRateInc
	 	Period Rate Inc
	 	(Period Rate Increase) This is the cap for the
per period rate increase.
	 	real
	 	 	4	 
	LS

	 	PIChgFrequency
	 	PI PMT chg frequency
	 	The frequency of P&I payment changes on ARM loans.
	 	smallint
	 	 	2	 
	LS

	 	PIFDate
	 	PIF date
	 	Date in which the loan was paid in full.
	 	smalldatetime
	 	 	16	 
	LS

	 	PIPmtCapFlag
	 	PI PMT cap flag
	 	If checked (or 1), indicates that the ARM has a
pmt cap feature.
	 	varchar
	 	 	40	 
	LS

	 	PIPmtCapPct
	 	PI PMT cap
	 	If a PI Pmt Cap exists, this field indicates the

the cap amount
	 	real
	 	 	4	 
	LS

	 	PlanAgreementType
	 	PMT plan agreement type
	 	Workout plan type. In set
(Forbearance,Deferrment, Modification, Short
Sale, DIL)
	 	varchar
	 	 	40	 
	LS

	 	PlanApprovalDate
	 	PMT plan approval date
	 	Workout plan approval date
	 	smalldatetime
	 	 	16	 
	LS

	 	PlanCompletedDate
	 	Plan completed date
	 	Date that plan was completed. Change only with
multiple plans.
	 	smalldatetime
	 	 	16	 
	LS

	 	PlanDemandExpiresDate
	 	PMT plan demand exp.
date
	 	Workout expiration date. Few and infrequent
changes
	 	smalldatetime
	 	 	16	 
	LS

	 	PlanDemandSentDate
	 	PMT plan demand sent

date
	 	Workout demand sent date. Few and infrequent
changes
	 	smalldatetime
	 	 	16	 
	LS

	 	PlanFreq
	 	PMT plan frequency
	 	Workout plan payment frequency. Few and
infrequent changes
	 	smallint
	 	 	2	 
	LS

	 	PlanPmtAmt
	 	PMT plan amt
	 	Workout plan payment amount. Few and infrequent
changes
	 	numeric
	 	 	18	 
	LS

	 	PlanStatus
	 	Plan Status
	 	Staus of the workout plan. Active, broken, etc.
	 	varchar
	 	 	40	 
	LS

	 	PlanStatusDate
	 	Plan Status Date
	 	Date of the most recent plan status change.
	 	smalldatetime
	 	 	16	 
	LS

	 	PlanStipFlag
	 	PMT plan flag
	 	Workout plan flag. Few and infrequent changes.
	 	varchar
	 	 	40	 
	LS

	 	PostPetitionBalance
	 	Post petition balance
	 	The amount of the post petition claim balance.
	 	numeric
	 	 	18	 
	LS

	 	PostPlanFlag
	 	Post plan
	 	Indicator if post petition payments are paid.
	 	varchar
	 	 	40	 
	LS

	 	PPPColl
	 	PPP collected
	 	Prepayment penalty amount collected
	 	numeric
	 	 	18	 
	LS

	 	PrepayBal
	 	Prepay Bal
	 	Prepaid loan balance / UPB at full payoff.
	 	numeric
	 	 	18	 
	LS

	 	PrepayDate
	 	Prepayment/Paid in Full

Date
	 	Paid-in-full date.
	 	smalldatetime
	 	 	16	 
	LS

	 	Promise
	 	Promise to pay
	 	Flag indicating a promise to pay from this
borrower
	 	varchar
	 	 	40	 
	LS

	 	PromiseComp
	 	Promise to pay complete
	 	Flag indicating a borrower completed their
promise to pay.
	 	varchar
	 	 	40	 
	LS

	 	ProofClaim
	 	Proof claim
	 	The date on which the proof of claim is filed by
the lender
	 	smalldatetime
	 	 	16	 
	LS

	 	PropertyVacant
	 	Property vacant
	 	Date on which the property is vacated
	 	smalldatetime
	 	 	16	 

Exhibit B-4

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	File	 	 	 	 	 	 	 	 	 	 
	Name	 	Name	 	Long Name	 	Desc	 	Type	 	Length
	LS

	 	PropTaxPdAmt
	 	The Most Recent

Property Tax Amount

Paid
	 	The total amount of the most recent property/real
estate tax paid.
	 	numeric
	 	 	18	 
	LS

	 	RateChgFrequency
	 	Rate chg frequency
	 	The frequency of interest rate changes.
	 	smallint
	 	 	2	 
	LS

	 	ReaffirmDate
	 	Reaffirm date
	 	Date the debtor confirms their debt with a
creditor.
	 	smalldatetime
	 	 	16	 
	LS

	 	RecScore
	 	SRE — Recent Credit
Score
	 	Recent Credit/FICO Score
	 	smallint
	 	 	2	 
	LS

	 	RecScoreDate
	 	Rec Score Date
	 	Recent Credit/FICO Score Date
	 	smalldatetime
	 	 	16	 
	LS

	 	ReleasedDate
	 	Released date
	 	The date the bankruptcy case is released.
	 	smalldatetime
	 	 	16	 
	LS

	 	ReliefDate
	 	Relief date
	 	Date of the bankruptcy relief date. Change only
with multiple BK
	 	smalldatetime
	 	 	16	 
	LS

	 	RepeatFiler
	 	Repeat filer
	 	Yes / No value indicating if borrower has filed
for bankruptcy more than 1 time.
	 	varchar
	 	 	40	 
	LS

	 	ReportCode
	 	Report code
	 	The SFMDS report code that is associated with a
loan.
	 	varchar
	 	 	10	 
	LS

	 	ResolvedDate
	 	Resolved date
	 	The date on which the contested foreclosure was
resolved.
	 	smalldatetime
	 	 	16	 
	LS

	 	ResumedDate
	 	Resumed date
	 	First legal action date which resumes the
foreclosure afte a hold is removed.
	 	smalldatetime
	 	 	16	 
	LS

	 	ReviewDate
	 	Nationstar value review

date
	 	Date of the servicer value review date
	 	smalldatetime
	 	 	16	 
	LS

	 	ReviewValue
	 	Nationstar review value
	 	Review value of the servicer
	 	numeric
	 	 	18	 
	LS

	 	RFD
	 	Reason for Default
	 	The most recent reason for the default.
	 	varchar	 	 	 	 
	LS

	 	RPC
	 	Right party contact
	 	Number of times the right party was contacted.
	 	tinyint
	 	 	1	 
	LS

	 	SaleAmount
	 	Sale amount
	 	Dollar amount that is paid for a property at
foreclosure
	 	numeric
	 	 	18	 
	LS

	 	SaleConfirmDate
	 	Sale confirm date
	 	Date the foreclosure sale is confirmed
	 	smalldatetime
	 	 	16	 
	LS

	 	SaleDate
	 	Sale date
	 	Date of the foreclosure sale
	 	smalldatetime
	 	 	16	 
	LS

	 	SaleNotes
	 	Sale notes
	 	Additional information about the sale, as
provided in foreclosure sale notes/comments.
	 	varchar
	 	 	5000	 
	LS

	 	SECURITYID
	 	Client’s SECURITYID
	 	Security ID or Name. Eg. ABC-2006-KS11
	 	varchar	 	 	 	 
	LS

	 	ServFirstDueDate
	 	First due date
	 	First payment due date for the loan.
	 	smalldatetime
	 	 	16	 
	LS

	 	ServiceCompleteDate
	 	Defendents “served” date
	 	Date all the defendants of the foreclosure
proceedings have been servered.
	 	smalldatetime
	 	 	16	 
	LS

	 	ServLoanCode
	 	Serv Loan Code
	 	Loan number provided by servicer.
	 	varchar
	 	 	50	 
	LS

	 	ServLoss
	 	Liquidated Actual Loss
	 	Loss reported by servicer
	 	numeric
	 	 	18	 
	LS

	 	ServOrigAmTerm
	 	Serv Orig Amterm
	 	Original amortization term as provided by the
servicer.
	 	smallint
	 	 	2	 
	LS

	 	ServOrigBal
	 	Serv Orig Bal
	 	Original Loan Amount from servicer
	 	numeric
	 	 	18	 
	LS

	 	ServOrigCoupon
	 	Orig Interest Rate
	 	Original Interest Rate from servicer.
	 	real
	 	 	4	 
	LS

	 	ServOrigPIPmt
	 	Nationstar’s Orig PIPmt
	 	Original P&I payment amount.
	 	numeric
	 	 	18	 
	LS

	 	ServOrigTerm
	 	Serv Orig Term
	 	Origninal term of the loan as supplied by the
servicer.
	 	smallint
	 	 	2	 
	LS

	 	ServPPPCode
	 	PPP code
	 	Prepayment Penalty Code from servicer
	 	varchar
	 	 	20	 
	LS

	 	ServPPPDescr
	 	PPP description
	 	Description of PPP details from servicer
	 	varchar
	 	 	800	 
	LS

	 	ServPPPMos
	 	PPP months
	 	Number of months for the prepayment code from
servicer
	 	smallint
	 	 	2	 
	LS

	 	ServProduct
	 	Nationstar’s Product
	 	Loan product types, ie — interest only, 2/28 arm,
etc.
	 	varchar
	 	 	40	 
	LS

	 	SetFclDate
	 	Set FC date
	 	Scheduled date of the foreclosure sale
	 	smalldatetime
	 	 	16	 
	LS

	 	SfmdsStatusDate
	 	SFMDS status date
	 	The first date on which a loan appears on HUD SFDM
	 	smalldatetime
	 	 	16	 

Exhibit B-5

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	File	 	 	 	 	 	 	 	 	 	 
	Name	 	Name	 	Long Name	 	Desc	 	Type	 	Length
	LS

	 	SheriffDeedDate
	 	Sheriff deed date
	 	Date on which the sheriff/trustee deed was
recorded.
	 	smalldatetime
	 	 	16	 
	LS

	 	SkipTrace
	 	Call Skip trace
	 	Flag indicating that a skip trace was completed
for the borrower(s).
	 	varchar
	 	 	40	 
	LS

	 	StipConsentOrderDate
	 	Stip. Consent order date
	 	The most recent date of the stipulation or
consent order.
	 	smalldatetime
	 	 	16	 
	LS

	 	TeaserRate
	 	Teaser Rate
	 	Indicates if the initial rate on the loan was a
teaser rate.
	 	varchar
	 	 	40	 
	LS

	 	TotCarryOverPct
	 	Total Carry Over Percent
	 	If the ARM has a carry over feature, the amount
of the carry over percentage.
	 	real
	 	 	4	 
	LS

	 	TransferBal
	 	Trans Bal
	 	Total of liquidated balance, prepaid balance, and
UPB on service transfers.
	 	numeric
	 	 	18	 
	LS

	 	TrusteeDeed
	 	Trustee deed
	 	Date on which the trustees deed is recorded
	 	smalldatetime
	 	 	16	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	For Subordinate Lien Servicing:	 	 	 	 	 	 
	LS

	 	SrLienActSaleDate
	 	Senior Lien Holder’s
Actual Foreclosure Sale
Date
	 	The confirmed, actural foreclosure sale date of
the senior lien.
	 	smalldatetime
	 	 	16	 
	LS

	 	SrLienBal
	 	Senior Lien Holder

Current UPB
	 	The most received UPB obtained from the senior
lien holder.
	 	numeric
	 	 	18	 
	LS

	 	SrLienEstFCDate
	 	Senior Lien Holder’s
Scheduled/Estimated
Foreclosure Date
	 	The scheduled/estimated foreclosure sale date
provided by the senior lien holder or from public
records.
	 	smalldatetime
	 	 	16	 
	LS

	 	SrLienFCFlag
	 	Senior Lien FC Flag

Indicator
	 	A flag to indicate the senior lien is in active
foreclosure
	 	varchar	 	 	 	 
	LS

	 	SrLienHolder
	 	Senior Lien Holder Name
	 	The name of the servicer for the senior lien.
	 	varchar	 	 	 	 
	LS

	 	SrLienSaleAmt
	 	Senior Lien Holder’s
Foreclosure Sale Amount
	 	The foreclosure sale amount from the senior lien
holder’s completed foreclosure sale.
	 	numeric
	 	 	18	 

SECURITIZED LOANS OR SCHEDULED/SCHEDULED LOANS:

Due the 25th of each month

	 	 	 	 	 	 	 	 	 	 	 	 	 
	File	 	 	 	 	 	 	 	 	 	 
	Name	 	Name	 	Long Name	 	Desc	 	Type	 	Length
	SR

	 	BegBal
	 	Remit Begin Actual Bal
	 	*SRM* Beginning collateral principal balance.
	 	numeric
	 	 	18	 
	SR

	 	BegSchedPrin
	 	Remit Begin sched Bal
	 	*SRM* Beginning sheduled principal balance.
	 	numeric
	 	 	18	 
	SR

	 	CurtPrin
	 	Remit Curtailment

Principal
	 	*SRM* Curtailed principal.
	 	numeric
	 	 	18	 
	SR

	 	CutoffDate
	 	Reporting Cutoff Date
	 	The cutoff date of the remittance reports
	 	smalldatetime
	 	 	16	 
	SR

	 	EndActualBal
	 	Remit End Actual Bal
	 	*SRM* Ending collateral principal balance.
	 	numeric
	 	 	18	 
	SR

	 	EndSchedBal
	 	Remit End Sch Bal
	 	*SRM* Ending scheduled principal balance.
	 	numeric
	 	 	18	 
	SR

	 	IntOnCurt
	 	Remit Curtailment

Interest
	 	*SRM* Interest accrued on the curtailed principal.
	 	numeric
	 	 	18	 
	SR

	 	NetSchedInt
	 	Remit Net Sch Interest
	 	*SRM* Net scheduled interest remitted.
	 	numeric
	 	 	18	 
	SR

	 	NextDue
	 	Next due date
	 	Next PMT due date. Will change monthly.
	 	smalldatetime
	 	 	16	 
	SR

	 	NoteRate
	 	Remit Int rate
	 	*SRM* Current interest rate.
	 	real
	 	 	4	 
	SR

	 	OrigLoanCode
	 	Original Loan Code
	 	Original Loan Number
	 	varchar
	 	 	50	 
	SR

	 	PayOffDate
	 	Remit PIF date
	 	*SRM* Date of payoff.
	 	smalldatetime
	 	 	16	 
	SR

	 	PI
	 	Remit PI PMT
	 	*SRM* principal and interest remitted
	 	numeric
	 	 	18	 
	SR

	 	PPP
	 	Remit PPP
	 	*SRM* Prepayment penalties remitted.
	 	numeric
	 	 	18	 

Exhibit B-6

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	File	 	 	 	 	 	 	 	 	 	 
	Name	 	Name	 	Long Name	 	Desc	 	Type	 	Length
	SR

	 	SchedInt
	 	Remit Scheduled Interest
	 	*SRM* Scheduled interest remitted.
	 	numeric
	 	 	18	 
	SR

	 	SchedLiqAmt
	 	Remit Sch liqu Bal
	 	*SRM* schedule balance of the liquidated balances.
	 	numeric
	 	 	18	 
	SR

	 	StatusCode
	 	Remit Loan Status
	 	*SRM* Nationstar supplied remittance status.
	 	varchar
	 	 	40	 

Exhibit B-7

 

 

EXHIBIT C

FORM OF GUARANTY

Exhibit C

 

 

GUARANTY

     THIS GUARANTY (the “Guaranty”) is made as of December 16, 2009, by FIF HE
HOLDINGS LLC (“Guarantor”), in favor of FANNIE MAE, a corporation chartered under the laws
of the United States (“Fannie Mae”).

BACKGROUND

     A. Guarantor is the parent of Nationstar Mortgage LLC (“Subsidiary”), a Delaware
limited liability company. The intent of the Guarantor and Fannie Mae in entering into this
Guaranty is to induce Fannie Mae to enter into a certain Strategic Relationship Agreement of even
date herewith with Subsidiary (the “Strategic Agreement”).

     B. Fannie Mae and Subsidiary will enter into the Strategic Agreement pursuant to which Fannie
Mae from time to time may designate Subsidiary as a “high touch” servicer or subservicer that is
eligible to acquire Fannie Mae servicing rights or enter into subservicing agreements with Fannie
Mae and third parties pursuant to transfers facilitated by Fannie Mae.

     C. Fannie Mae and Subsidiary have entered into a Mortgage Selling and Servicing Contract,
effective as of August 6, 1997, establishing Subsidiary as an approved seller and servicer of
mortgages and participation interests and providing the terms and conditions of the sale to and
servicing of mortgages for Fannie Mae, as supplemented by a certain Nationstar Supplemental
Servicing Agreement dated as of November 14, 2008 and a certain Supplemental Servicing Agreement
dated as of September 30, 2009, along with certain variances thereto (collectively,
“Subsidiary’s MSSC”).

     D. The Strategic Agreement obligates Subsidiary under certain circumstances to transfer to a
newly established limited liability company that would be wholly-owned by Subsidiary (the “New
Servicing Entity”) the business of the Subsidiary pertaining to the Fannie Mae servicing and
subservicing rights, including the assumption of the Subsidiary’s rights and certain of its
obligations under the Strategic Agreement and any related subservicing agreements and other
agreements that may be executed pursuant to such Strategic Agreement.

     E. If the transfer to the New Servicing Entity were to occur, Fannie Mae and the New Servicing
Entity would enter into a separate Mortgage Selling and Servicing Contract (the “New Servicing
Entity’s MSSC”), effective as of the date of such transfer, establishing the New Servicing
Entity as an approved seller and servicer of mortgages and participation interests and providing
the terms and conditions of the sale to and servicing of mortgages for Fannie Mae.

     F. Guarantor owns an equity interest in Subsidiary, and as such Guarantor will receive a
direct and material benefit from the mortgages that Subsidiary services and subservices, and that
the New Servicing Entity may service or subservice, for Fannie Mae.

     G. As a condition precedent to, and inducement for, Fannie Mae to enter into the Strategic
Agreement, Fannie Mae has required that Guarantor execute and deliver this Guaranty.

     NOW THEREFORE, in consideration of the mutual covenants and undertakings contained in this
Guaranty, and other good and valuable consideration, the receipt and

Exhibit C

 

 

sufficiency of which are hereby acknowledged, and intending to be legally bound hereby,
Guarantor and Fannie Mae agree to incorporate the recitals listed above into this Guaranty and
further agree as follows:

AGREEMENTS

     1. Guarantor unconditionally, irrevocably, and absolutely guarantees to Fannie Mae (and its
respective successors, endorsees and permitted transferees and assigns), as primary obligors and
not merely as a sureties, the prompt performance of all actions required to be performed and
punctual payment (whether at stated maturity, by acceleration or otherwise) of all obligations
required to be paid by Subsidiary arising under Subsidiary’s Strategic Agreement and any related
Transaction Ancillary Document as defined in and executed in connection with such Strategic
Agreement and the Subsidiary’s MSSC but only with respect to such Strategic Agreement and
Transaction Ancillary Documents (together, and as such agreements may be amended in accordance with
their applicable terms, the “Fannie Mae Contract”), including, without limitation,
interest, fees, costs and expenses, including reasonable attorneys’ fees, accruing on such
obligations after the commencement, whether voluntary or involuntary, of a bankruptcy,
reorganization, liquidation or other similar federal or state law proceeding by or against
Subsidiary, without regard to whether or not such interest, fees, costs and expenses are allowed
claims in such proceeding. Notwithstanding the foregoing, “Fannie Mae Contract” shall not include
the Senior Secured Credit Agreement dated as of October 1, 2009 between Fannie and the Subsidiary
and the Early Advancing Funding Agreement dated as of September 9, 2009 between Fannie Mae and the
Subsidiary (collectively, and as such agreements may be amended, modified, restated or replaced by
and between Fannie Mae and the Subsidiary, the “Excluded Agreements”). All references to
Subsidiary under this Guaranty include any New Servicing Entity that assumes Subsidiary’s rights
and certain of its obligations under the Fannie Mae Contract, and all references to the Fannie Mae
Contract include such assumed agreements that Subsidiary originally executed with Fannie Mae,
together with the New Servicing Entity’s MSSC, the related subservicing agreements executed by New
Servicing Entity, or any other contractual agreement between Fannie Mae and New Servicing Entity
with respect or relating to the mortgage loans the New Servicing Entity services or subservices, or
has serviced or subserviced, for, or on behalf of, Fannie Mae that are subject to the Strategic
Agreement as assumed by New Servicing Entity, but shall not include the Excluded Agreements. This
is a guaranty of payment and performance and not of collection. Guarantor shall discharge
forthwith on written demand by Fannie Mae, and at no cost to Fannie Mae, each and every loss,
damage, penalty, fine, forfeiture, legal or other fee, judgment, cost, expense (including
reasonable attorneys’ fees) debt, obligation or claim which shall be made or apportioned against
Subsidiary under the Fannie Mae Contract absolutely, and without regard to any claim or other
payment whatsoever, except for any indefeasible payment previously made to Fannie Mae by Subsidiary
with respect to the Fannie Mae Contract. Except as otherwise stated herein, this obligation may
not be revoked, modified or otherwise altered by Guarantor. As more fully provided in Paragraph 11
below, (i) no exercise, delay in exercise or non-exercise by Fannie Mae of any right hereby given
it, (ii) no dealing by Fannie Mae with, or course of conduct between Fannie Mae and Subsidiary,
Guarantor or any other person, and/or (iii) no waiver, change, impairment or suspension of any
right or remedy of Fannie Mae, which, but for this provision, could or might act as a release,
discharge, waiver, alteration or exoneration of the liabilities or obligations of Guarantor
hereunder, shall in any way affect, decrease, diminish, alter or impair any of the

Exhibit C

 

 

liabilities or obligations of the Guarantor hereunder or give the Guarantor or any other
person any rights, recourse or defense against Fannie Mae or its respective successors, endorsees,
transferees and assigns.

     2. The obligations of Guarantor shall be promptly performed without demand of Subsidiary and
shall be primary, absolute and unconditional and are not subject to any reduction, limitation,
impairment, discharge or termination for any reason (other than the complete indefeasible payment
or performance in full of the obligations) irrespective of, and unaffected by, (i) the genuineness,
validity, regularity, or enforceability of, this Guaranty, any other Fannie Mae Contract or any
other agreement, document or instrument to which Guarantor and/or Subsidiary are or may become a
party, (ii) the insolvency or financial condition of Guarantor and/or Subsidiary, (iii) the
existence, value or condition of, or failure to perfect any security interest or lien against, any
collateral for the obligations guaranteed hereunder or any action, or the absence of any action, by
Fannie Mae in respect thereof (including, without limitation, the release of any such security
interest or lien), or (iv) any other action or circumstance which might otherwise constitute a
legal or equitable discharge or defense of a surety or a guarantor. Guarantor hereby waives the
benefit of all principles or provisions of law, statutory or otherwise, which are or might be in
conflict with the terms of this Guaranty. Without limiting the generality of the foregoing, the
Guarantor hereby waive diligence, presentment, demand of payment, protest, all notices (whether for
non-payment or protest or of acceptance, maturity, acceleration, extension of time, change in
nature or form of the obligations guaranteed hereunder, acceptance of further security, release of
further security, composition or agreement arrived at as to the amount of, or the terms of, the
obligations guaranteed hereunder, notice of adverse change in Subsidiary’s financial condition or
any other fact, circumstance or action which might increase the risk to Guarantor, or otherwise)
with respect to all obligations under any Fannie Mae Contract, any defense of the statute of
limitations in any action against the Guarantor, under this Guaranty, notice of acceptance of this
Guaranty and of the incurring by Guarantor of any of the obligations hereinbefore mentioned, all
demands whatsoever, and all rights and remedies to require Fannie Mae to (a) proceed against
Subsidiary or any other person or entity, (b) proceed against or exhaust any collateral held by
Fannie Mae to secure the payment of any indebtedness guaranteed hereby, or (c) pursue any other
remedy, whether in law or equity, it may now or hereafter have against Subsidiary or any other
person or entity, including any rights to an “election of remedies” or marshalling of assets by
Fannie Mae. Guarantor represents, warrants and agrees that, as of the date of this Guaranty, its
obligations under this Guaranty are not subject to any offsets or defenses against Fannie Mae of
any kind. Except as set forth in Section 20, Guarantor further agrees that its obligations under
this Guaranty shall not be subject to any counterclaims, offsets or defenses.

     3. Guarantor hereby acknowledges and agrees that, at any time or from time to time and any
number of times, without notice to or consent from Guarantor and without affecting, impairing or
releasing the liability of Guarantor hereunder, the Fannie Mae Contract may be modified or amended
in any respect and Fannie Mae shall not incur any liability to Guarantor as a result thereof.

     4. A termination of the Strategic Agreement shall automatically result in a termination of the
obligations and liabilities of Guarantor hereunder with respect to the Strategic Agreement, except
that the obligations and liabilities of the Guarantor hereunder with respect to

Exhibit C

 

 

the Strategic Agreement shall remain in effect with respect to any obligations and liabilities
of the Subsidiary that survive any termination of the Strategic Agreement for so long as any such
obligations and liabilities survive. The Guarantor agrees and acknowledges that a termination of
the Strategic Agreement does not result in a termination of the obligations and liabilities of the
Guarantor hereunder with respect to the Transaction Ancilliary Documents with respect to those
loans serviced as of the date the Strategic Agreement is terminated; provided,
however, that if the Strategic Agreement is terminated by Fannie Mae without cause or by
the Subsidiary upon, and during the continuance of, a breach of the Strategic Agreement by Fannie
Mae, then Guarantor’s obligations hereunder with respect to the Transaction Ancillary Documents
shall automatically terminate, except that the obligations and liabilities of the Guarantor
hereunder that were incurred prior to such termination of the Strategic Agreement with respect to
the Transaction Ancillary Documents shall survive until the underlying obligations and liabilities
are satisfied or terminated.

     5. Guarantor hereby acknowledges and agrees that the withdrawal from, or termination or
restructuring of, any ownership interest in Subsidiary (including the indirect ownership interest
in the New Servicing Entity), shall not alter, affect, release or in any way limit the obligations
of Guarantor hereunder, except that Guarantor shall not guaranty any obligations or liabilities of
New Servicing Entity that pertain to the period after Fannie Mae acquires any of the outstanding
stock or membership interests in the New Servicing Entity; provided, that, for the
avoidance of doubt, the obligations of the Guarantor hereunder shall remain in effect with respect
to any liabilities and obligations of the Subsidiary that that arise prior to the date on which
Fannie Mae acquires any of the equity interests of the New Servicing Entity for so long as any such
liabilities and obligations survive. Notwithstanding anything herein to the contrary, the
obligations of the Guarantor hereunder shall automatically terminate upon (i) an initial public
offering of the equity securities of the Subsidiary or any successor entity (or of any company
(other than the Guarantor) that holds directly or indirectly the outstanding equity interests in
the Subsidiary (an “Intermediate Company”); provided, that, upon such
initial public offering the market capitalization of the Subsidiary, any successor entity or any
Intermediate Company, as applicable, is not less than $350 million, the shares of such equity
securities are listed on a U.S. national securities exchange, and the Guarantor no longer owns
directly or indirectly more than 50% of the equity interests in the Subsidiary, any successor
entity or any Intermediate Company and no longer has the right to appoint a majority of the members
of the board (or similar governing body) of the Subsidiary, any successor entity or any
Intermediate Company; provided, further, that upon an initial public offering of an
Intermediate Company, such Intermediate Company assumes the obligations of the Guarantor hereunder;
(ii) the assumption in writing of the obligations of the Guarantor by any other person or entity (a
“New Guarantor”); provided, that, the New Guarantor (as of immediately
following the assumption of the Guaranty) has a Lender Adjusted New Worth (as defined in the Fannie
Mae Guides, as defined in the Strategic Agreement) no less than $350 million, taking into account
the Lender Adjusted New Worth of the Subsidiary, as certified in writing to Fannie Mae; or (iii)
any date upon which the Lender Adjusted New Worth of Subsidiary or any successor company is not
less than $350 million calculated in accordance with generally accepted accounting principals
consistently applied and in accordance with general Fannie Mae eligibility criteria, as certified
in writing to Fannie Mae; provided, that, for the avoidance of doubt, the
obligations of the Guarantor hereunder shall remain in effect with respect to any liabilities and
obligations of the Subsidiary that that arise prior to the date on which either the events set
forth in clauses (i), (ii), or (iii) occur for so long as

Exhibit C

 

 

any such liabilities and obligations survive unless the Subsidiary, in the case of clauses (i)
or (iii) or the New Guarantor, the case of clause (ii), specifically assumes the obligations or the
guaranty of obligations, as the case may be, arising prior to such date.

     6. Subject to the provisions of Section 5 of this Guaranty, Guarantor hereby acknowledges and
agrees that, in the event of termination, reorganization, restructuring, liquidation, dissolution
or change of entity form of Subsidiary, this Guaranty shall continue in full force and effect and
such event or circumstance shall not alter, affect, release or in any way limit the obligations of
Guarantor hereunder.

     7. Fannie Mae, in its discretion, may make demand under this Guaranty, at one or more times
and from time to time, of all or any part of obligations guaranteed hereunder.

     8. This Guaranty shall be enforceable despite any exculpation from liability granted to
Subsidiary.

     9. Guarantor hereby acknowledges and agrees that Fannie Mae, in its discretion, may (a) bring
suit against Guarantor or Subsidiary, jointly or severally or against any one or more of them; (b)
compromise or settle with any one or more of them; (c) release one or more of them from liability
hereunder, and (d) otherwise deal with Guarantor and Subsidiary (or any other person or entity), in
any manner whatsoever, and that no such action shall impair the rights of Fannie Mae to collect the
indebtedness hereby guaranteed from Guarantor, or alter, affect, release or in any way limit the
obligations of Guarantor hereunder. If for any reason at any time payment and/or performance of
the obligations guaranteed hereunder, or any part thereof, is, pursuant to applicable law,
rescinded or reduced in amount, or must otherwise be restored or returned by Fannie Mae, whether as
a “voidable preference”, “fraudulent conveyance”, or otherwise, then (i) Guarantor shall not be
released from liability hereunder with respect to such amounts, and Guarantor agrees to promptly
pay such amounts and promptly perform such obligations to Fannie Mae on demand, and (ii) any prior
release or discharge from the terms of this Guaranty given to Guarantor by Fannie Mae shall be
without effect, and this Guaranty shall remain in full force and effect. No delay by Fannie Mae in
exercising any rights and/or powers hereunder or in taking any action to enforce Subsidiary’s
obligations under any Fannie Mae Contract shall operate as a waiver as to such rights or powers or
in any manner prejudice any and all of Fannie Mae’s rights and powers hereunder against the
Guarantor. It is the intention of Fannie Mae and Guarantor that Guarantor’s obligations hereunder
shall not be discharged except by Guarantor’s full and complete performance and indefeasible
payment of such obligations in cash and then only to the extent of such performance and payment.

     10. Guarantor agrees, at any time and from time to time, upon written request by Fannie Mae,
to promptly take, or cause to be taken, any action and to execute and deliver any additional
documents which, in the reasonable opinion of Fannie Mae, may be necessary in order to assure to
Fannie Mae the full benefits of this Guaranty, in each case at the sole cost and expense of
Guarantor.

     11. Neither this Guaranty nor any term or provision hereof may be amended, changed, waived,
discharged or terminated except by an instrument in writing signed by Fannie Mae and the Guarantor
expressly referring to this Guaranty and to the provision so changed or

Exhibit C

 

 

limited. No such waiver shall extend to or affect any obligation not expressly waived or
impair any right consequent to such obligation. No course of dealing or delay or omission on the
part of Fannie Mae in exercising any right or remedy under this Guaranty or under applicable law
shall operate as a waiver thereof or otherwise be prejudicial thereto. The rights and remedies
hereunder provided to Fannie Mae are cumulative and may be exercised singly or concurrently, and
are not exclusive of any rights and remedies provided by law. No failure to exercise nor any delay
in exercising on the part of Fannie Mae, any right, power or privilege hereunder, shall operate as
a waiver thereof, nor shall any single or partial exercise of any right, power or privilege
hereunder preclude any other or future exercise thereof or the exercise of any other right, power
or privilege.

     12. Any demand or notice required or permitted to be given by Fannie Mae to Guarantor under
this Guaranty shall be in writing and shall be deemed to have been duly given if delivered
personally or by overnight courier service or if sent by registered or certified mail, return
receipt requested, first class postage prepaid, addressed to the Guarantor at its addresses for
notices set forth below, or at any other address furnished in writing by the Guarantor to Fannie
Mae at the address for notices set forth below. Any notice delivered to a Guarantor’s designated
address by (a) personal delivery, (b) recognized overnight national courier service, or (c)
registered or certified mail, return receipt requested, shall be deemed to have been received by
the Guarantor at the time the notice is delivered to the designated address. Confirmation by the
courier delivering any notice given pursuant to this Section shall be conclusive evidence of
receipt of such notice. Guarantor agrees that it will not refuse or reject delivery of any notice
given hereunder, that it will promptly acknowledge, in writing, receipt of the same upon request by
Fannie Mae and that any notice rejected or refused by the Guarantor shall be deemed for all
purposes of this Guaranty to have been received by the Guarantor on the date so refused or
rejected, as conclusively established by the records of the U.S. Postal Service or the courier
service.

FIF HE Holdings LLC:

FIF HE Holdings LLC

c/o Fortress Investment Group, L.L.C.

1345 Avenue of the Americas

New York, NY 10105

Attn: Randal Nardone

With copies to:

Nationstar Mortgage LLC

350 Highland Drive

Lewisville, TX 75067

Attn: Anne Sutherland,

General Counsel

and

Exhibit C

 

 

Sidley Austin LLP

One South Dearborn

Chicago, IL 60603

Attn: Chris Abbinante

Fannie Mae:

3900 Wisconsin Avenue, NW

Washington, DC 20016

Attention: David Hisey

Deputy Chief Financial Officer

With copies to

3900 Wisconsin Avenue, NW

Washington, DC 20016

Attention: Tim Mayopoulos, Esq.

General Counsel

     13. Any indebtedness of Subsidiary now or hereafter held by Guarantor is hereby subordinated,
to the extent of the obligations guaranteed hereunder, to the complete indefeasible payment or
performance in full of the obligations of Subsidiary to Fannie Mae guaranteed hereby.
Notwithstanding the foregoing, so long as the Subsidiary is not in default of the obligations
guaranteed hereunder, the Subsidiary may make payments pursuant to such indebtedness to the
Guarantor; provided, however, that upon a default, and while such default is
continuing, any and all such indebtedness of Subsidiary shall be collected, enforced and received
by Guarantor in trust and as trustee for Fannie Mae, but without reducing, altering or otherwise
affecting in any manner the liability of Guarantor hereunder, and shall be promptly delivered by
Guarantor to Fannie Mae. Until the obligations of Subsidiary guaranteed hereby have been
indefeasibly paid in full in cash to Fannie Mae, Guarantor expressly and irrevocably waives, on
behalf of itself and its successors and assigns (including any surety), any and all rights at law
or in equity to subrogation, to reimbursement, to exoneration, to contribution, to indemnification,
to set off or to any other rights that could accrue to a surety against a principal, to a guarantor
against a principal, to a guarantor against a maker or obligor, to an accommodation party against
the party accommodated, to a holder or transferee against a maker, or to the holder of any claim
against any person, and which Guarantor may have or hereafter acquire against Subsidiary in
connection with or as a result of Guarantor’s execution, delivery and/or performance of this
Guaranty, or any other documents to which Guarantor is a party or otherwise.

     14. Guarantor agrees to promptly pay in cash to Fannie Mae all costs and out-of-pocket
expenses, including, without limitation, court costs and expenses and the reasonable fees and
disbursements of legal counsel, incurred by or on behalf of Fannie Mae arising from or in
connection with the enforcement of the Guarantor’s obligations under this Guaranty or the
protection, assertion or enforcement of Fannie Mae’s rights or remedies under this Guaranty.

Exhibit C

 

 

Without limiting the foregoing, if this Guaranty shall be placed in the hands of an attorney
for enforcement or should it be enforced by legal proceedings or through any bankruptcy court,
Guarantor agrees to promptly pay in cash to Fannie Mae the reasonable attorneys’ and collection
fees incurred by Fannie Mae.

     15. This Guaranty shall be binding upon the Guarantor, as well as its successors and assigns
(including a debtor-in-possession on behalf of Guarantor), and shall inure to the benefit of Fannie
Mae and its successors and assigns; provided, however, that except as set forth in
Section 5 hereof, Guarantor shall not assign this Guaranty or delegate any of its duties hereunder
without Fannie Mae’s prior written consent. Except as set forth in Section 5, any assignment or
delegation without the prior written consent of Fannie Mae shall be absolutely void. In the event
of any assignment or other transfer of rights by Fannie Mae, the rights and benefits herein
conferred upon Fannie Mae shall automatically extend to and be vested in such assignee or other
transferee. Fannie Mae shall give the Guarantor prompt notice of any assignment or other transfer
of rights by Fannie Mae.

     16. Fannie Mae is relying and is entitled to rely upon each and all of the provisions of this
Guaranty. If any one or more of the covenants, agreements, provisions or terms of this Agreement
shall be held invalid for any reason whatsoever, then such covenants, agreements, provisions or
terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of
this Agreement and be restated to reflect as nearly as possible the original intentions of the
Parties and shall in no way affect the validity or enforceability of the other provisions of this
Agreement.

     17. GOVERNING LAW. THE VALIDITY OF THIS GUARANTY, ITS CONSTRUCTION, INTERPRETATION,
AND ENFORCEMENT, AND THE RIGHTS OF GUARANTOR AND FANNIE MAE, SHALL BE DETERMINED UNDER, GOVERNED
BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK
(INCLUDING WITHOUT LIMITATION SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW
YORK), WITHOUT GIVING EFFECT TO NEW YORK’S PRINCIPLES OF CONFLICTS OF LAW. GUARANTOR AND FANNIE MAE
HEREBY AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH THIS GUARANTY SHALL BE
TRIED AND DETERMINED ONLY IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW
YORK. GUARANTOR AND FANNIE MAE HEREBY EXPRESSLY WAIVE ANY RIGHT THEY MAY HAVE TO ASSERT THE
DOCTRINE OF FORUM NON CONVENIENS OR TO OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING IS BROUGHT IN
ACCORDANCE WITH THIS SECTION.

     18. WAIVER OF JURY TRIAL. GUARANTOR AND FANNIE MAE HEREBY EXPRESSLY WAIVE ANY RIGHT
TO TRIAL BY JURY OF ANY ACTION, CAUSE OF ACTION, CLAIM, DEMAND, OR PROCEEDING ARISING UNDER OR WITH
RESPECT TO THIS GUARANTY, OR IN ANY WAY CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE DEALINGS
OF GUARANTOR AND FANNIE MAE WITH RESPECT TO THIS GUARANTY, OR THE TRANSACTIONS RELATED HERETO, IN
EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT, OR
OTHERWISE. GUARANTOR HEREBY AGREES

Exhibit C

 

 

THAT ANY SUCH ACTION, CAUSE OF ACTION, CLAIM, DEMAND, OR PROCEEDING SHALL BE DECIDED BY A
COURT TRIAL WITHOUT A JURY AND THAT FANNIE MAE MAY FILE AN ORIGINAL COUNTERPART OF THIS SECTION
WITH ANY COURT OR OTHER TRIBUNAL AS WRITTEN EVIDENCE OF THE CONSENT OF GUARANTOR TO THE WAIVER OF
THEIR RIGHT TO TRIAL BY JURY.

     19. Guarantor hereby represents and warrants the following to Fannie Mae, each and all of
which shall survive the execution and delivery of this Guaranty:

     (a) This Guaranty has been duly authorized, executed and delivered, and is a valid and legally
binding instrument, enforceable against Guarantor in accordance with its terms. The execution,
delivery and performance of this Guaranty does not and will not violate (i) any provision of any
law or regulation applicable to Guarantor, (ii) any order of any court or governmental agency
applicable to Guarantor, (iii) any contract, agreement, or guaranty of any kind to which Guarantor
is a party, or by which Guarantor is bound, (iv) the Guarantor’s charters or by-laws or corporate
documents, the breach or violation of which would affect or limit Guarantor’s performance under or
compliance with any terms of this Guaranty, (v) conflict with or result in the breach of, or
constitute a default under, or accelerate or permit the acceleration of any performance required
by, any indenture, mortgage, deed of trust, lease, agreement or other instrument to which Guarantor
is a party or by which Guarantor or any of its property is bound and/or (vi) result in the creation
or imposition of any security interest or lien upon any of the property or assets of Guarantor.

          (b) Each consent, approval or authorization of any kind required to be obtained by Guarantor
in connection with the execution and delivery of this Guaranty or the performance of any
obligations hereunder has been duly obtained and is in full force and effect on the effective date
of this Guaranty.

          (c) There are no actions, suits, or proceedings pending, or to the knowledge of Guarantor, any
investigation threatened against them in any court or before any federal, state, municipal or other
governmental department or commission, board, bureau, agency or instrumentality, which, if
adversely determined, will materially, adversely affect Guarantor’s businesses or its financial
conditions or the validity and enforceability of this Guaranty or Guarantor’s ability to perform in
accordance with this Guaranty.

     20. Notwithstanding anything in this Guaranty to the contrary, the Guarantor shall have the
right to assert as a defense (including rights of offset and counterclaims) to any obligations or
liabilities hereunder any defenses that would be available to it had it duly authorized and entered
into the Fannie Mae Contract (or any other agreement guaranteed hereunder) directly. For the
avoidance of doubt, Guarantor shall not have rights of offset or counterclaims that may arise under
or be related to agreements other than the Fannie Mae Contract and the other agreements guaranteed
hereunder.

     21. References to this “Guaranty” shall mean this Guaranty, including all amendments,
modifications and supplements and any annexes, exhibits and schedules to any of the foregoing, and
shall refer to this Guaranty as the same may be in effect at the time such reference becomes
operative.

Exhibit C

 

 

     22. This Guaranty constitutes the entire agreement between the parties hereto with respect to
the subject matter hereof superseding all other discussions, promises, representations, warranties,
agreements and understandings, whether written or oral, relating to a guaranty by Guarantor of the
obligations under the Fannie Mae Contract. In the event of any conflict or inconsistency between
the Guaranty and the Fannie Mae Guides, the terms of this Guaranty shall control.

     23. This Guaranty has been reviewed by Guarantor, and its counsel, and shall be construed and
interpreted neither against nor in favor of either Fannie Mae or Guarantor but rather in accordance
with the fair meaning thereof.

     24. All payments to be made hereunder by Guarantor shall be made in lawful money of the United
States of America at the time of payment, shall be made in immediately available funds, and shall
be made without deduction (whether for taxes or otherwise) or offset.

     25. Limitation of Liability. Absent fraud, willful misconduct or bad faith, no
recourse under any obligation, covenant or agreement of the Guarantor contained in this Guaranty
shall be had against any incorporator, equity holder (including record holders and beneficial
holders (i.e. direct and indirect equity holders)), officer, director, member, manager, employee,
affiliate or agent of Guarantor or any officer, director, partner, member, manager, employee,
affiliate or agent of any equity holder or affiliate of Guarantor (all of the foregoing parties
collectively referred to herein as the “Related Parties”) by the enforcement of any
assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise; it being
expressly agreed and understood that this Guaranty is solely an obligation of Guarantor, and that
no personal liability whatever shall attach to or be incurred by any Related Party under or by
reason of any of the obligations, covenants or agreements of the Guarantor contained in this
Guaranty, or implied therefrom, and that any and all personal liability for breaches by the
Guarantor of any of such obligations, covenants or agreements, either at common law or at equity,
or by statute, rule or regulation, of every such Related Party is hereby expressly waived as a
condition of and in consideration for the execution of this Guaranty.

     26. Financial Statements. The Guarantor hereby covenants and agrees to deliver each
of the following to Fannie Mae: (i) as soon as available but no later than sixty (60) days after
the end of each fiscal quarter the unaudited financial statements certified by the responsible
officer of the Guarantor, as fairly presenting, in accordance with GAAP, consistently applied, as
at the end of, and for such period, the financial position and the results of the Guarantor, and
(ii) as soon as available, but not later than one-hundred fifty (150) days after the end of each
fiscal year, the unaudited financial statements of the Guarantor for such fiscal year certified by
the responsible officer of the Guarantor, as fairly presenting, in accordance with GAAP,
consistently applied, as at the end of, and for such period, the financial position and the results
of the Guarantor.

Exhibit C

 

 

IN WITNESS WHEREOF, this Guaranty has been duly executed by the undersigned to be effective as of
the date first above written.

	 	 	 	 	 
	 	 	 
	By:  	/s/ Pete Smith
 	 	 
	 	Name:  	Pete Smith 	 	 
	 	Title:  	Manager, FIF HE Holdings LLC 	 	 
	 
	 	 	 
	By:  	/s/ Eric J. Schuppenhauer
 	 	 
	 	Eric J. Schuppenhauer, SVP, NSO	 	 
	 	Fannie Mae 	 	 
	 

Exhibit C

 

 

EXHIBIT D

LIST OF ANCILLARY FEES

 

 

This is a list of maximum fees that may be assessed or
collected. Actual fee amounts that can be charged may be subject
to local, state and federal Law and the Fannie Mae Guides.

	 	 	 	 	 
	Fee or Item Description	 	Maximum Fee
	Payment Related fees
	 	 	 	 
	Check by phone
	 	 	[***]	 
	ACH
	 	 	[***]	 
	IVR Payment
	 	 	[***]	 
	Web Payment
	 	 	[***]	 
	Others
	 	 	[***]	 
	Amortization Schedule Fee
	 	 	[***]	 
	Assumption Fee
	 	 	[***]	 
	Copy of Loan Documents
	 	 	[***]	 
	Copy of Year End Statement (1098)
	 	 	[***]	 
	Credit Report
	 	 	[***]	 
	Dishonored or NSF Check
	 	 	[***]	 
	Duplicate Monthly Billing/Coupon
	 	 	[***]	 
	Fax Fee
	 	 	[***]	 
	Flood Research
	 	 	[***]	 
	Late Fee on loans current on repayment plans (Y/N)
	 	 	[***]	 
	Name Change
	 	 	[***]	 
	Overnight Mail
	 	 	[***]	 
	Partial Release of Lien
	 	 	[***]	 
	Payment History
	 	 	[***]	 
	Payoff Quotes
	 	 	[***]	 
	Recording Fee
	 	 	[***]	 
	Subordination
	 	 	[***]	 
	Tax Verification Letter
	 	 	[***]	 
	Verification of Mortgage
	 	 	[***]	 

 

			
	***	 	Note: Confidential treatment has been requested with respect to the information contained within
the [***] marking. Such portions have been omitted from this filing and have been filed separately
with the Securities and Exchange Commission.

Exhibit D

 

 

EXHIBIT E

LIST OF BANK CHARGES

 

 

Bank Service Charges — November 2009

	 	 	 	 	 
	Retail Lockbox / 650783	 	Unit Price
	 
	RLB MAINTENANCE
	 	 	[***]	 
	RLB PAYMENT
	 	 	[***]	 
	RLB MULTIPLES
	 	 	[***]	 
	RLB COURIER MAIL PREP
	 	 	[***]	 
	RLB CORRESPONDENCE
	 	 	[***]	 
	RLB SPECIAL PROCESSING
	 	 	[***]	 
	RLB CHECK IMAGE ITEM
	 	 	[***]	 
	RLB SCANNABLE DOC CAPTURE
	 	 	[***]	 
	RRLB LONG TERM CK STORAGE
	 	 	[***]	 
	RRLB LONG TERM DOC STORAGE
	 	 	[***]	 
	RLB CASH PROCESSING
	 	 	[***]	 
	RLB STOP FILE REJECT
	 	 	[***]	 
	RLB STOP FILE
	 	 	[***]	 
	RLB CUSTOMER LOOKUPS
	 	 	[***]	 
	RLB TRANSMISSION
	 	 	[***]	 
	RLB UNPROCESSABLE
	 	 	[***]	 
	RLB COURIER DEPOSIT
	 	 	[***]	 

	 	 	 	 	 
	Depository Services	 	Unit Price
	 
	CREDITS POSTED
	 	 	[***]	 
	DEP CHECKS ON US
	 	 	[***]	 
	DEP CHECKS CLEARING HOUSE
	 	 	[***]	 
	DEP CHECKS LOCAL CITY
	 	 	[***]	 
	DEP CHECKS LOCAL RCPC
	 	 	[***]	 
	DEP CHECKS IN DISTRICT CITY
	 	 	[***]	 
	DEP CHECKS IN DISTRICT RCPC
	 	 	[***]	 
	DEP CHECKS NATIONAL FRB OTHER
	 	 	[***]	 
	DEP CHECKS HIGH DOLLAR GROUP
	 	 	[***]	 
	DEP CHECKS ENCODING
	 	 	[***]	 
	DEP CHECKS MICR REJECT REPAIR
	 	 	[***]	 
	DEP RETURN ITEMS RETURNED
	 	 	[***]	 
	IDD MONTHLY MAINTENANCE FEE
	 	 	[***]	 
	SOFTWARE MAINTENANCE FEE
	 	 	[***]	 

	 	 	 	 	 
	Depository Services / 0000001001	 	Unit Price
	 
	CREDITS POSTED
	 	 	[***]	 
	CHECK IMAGE DEPOSITED
	 	 	[***]	 
	CQD DEPOSITORY CREDIT
	 	 	[***]	 

 

			
	***	 	Note: Confidential treatment has been
requested with respect to the information contained within the [***] marking.
Such portions have been omitted from this filing and have been filed separately
with the Securities and Exchange Commission.

Exhibit E

 

 

	 	 	 	 	 
	Depository Services / 0000050783	 	Unit Price
	 
	DEP CHECKS ON US
	 	 	[***]	 
	DEP CHECKS CLEARING HOUSE
	 	 	[***]	 
	DEP CHECKS LOCAL CITY
	 	 	[***]	 
	DEP CHECKS LOCAL RCPC
	 	 	[***]	 
	DEP CHECKS IN DISTRICT CITY
	 	 	[***]	 
	DEP CHECKS IN DISTRICT RCPC
	 	 	[***]	 
	DEP CHECKS NATIONAL FRB OTHER
	 	 	[***]	 

	 	 	 	 	 
	Disbursement Services	 	Unit Price
	 
	CHECKS/DEBITS POSTED
	 	 	[***]	 
	CHECK PHOTOCOPY RETRIEVAL
	 	 	[***]	 
	PWS EMAIL EXCEPT NOTIF
	 	 	[***]	 

	 	 	 	 	 
	Reconciliation Services	 	Unit Price
	 
	POSITIVE PAY MAINTENANCE
	 	 	[***]	 
	IMAGE CAPTURE PER ITEM
	 	 	[***]	 
	FULL RECON MAINTENANCE
	 	 	[***]	 

	 	 	 	 	 
	Funds Transfer Services	 	Unit Price
	 
	ELECTRONIC FED DEBIT S/T
	 	 	[***]	 
	ELECTRONIC BOOK DEBIT S/T
	 	 	[***]	 
	ELECTRONIC BOOK DEBIT REPAIR
	 	 	[***]	 
	FED CREDIT S/T
	 	 	[***]	 
	FED CREDIT REPAIR
	 	 	[***]	 
	CHIPS CREDIT S/T
	 	 	[***]	 
	BOOK CREDIT
	 	 	[***]	 
	FED TRANSFER FEE
	 	 	[***]	 
	CHIPS MESSAGE FEE
	 	 	[***]	 
	REPETITIVE LINESHEET STORAGE
	 	 	[***]	 
	JPMC TW WIRE POSITION DEBITS
	 	 	[***]	 
	JPMC TW WIRE POSITION CREDITS
	 	 	[***]	 

	 	 	 	 	 
	Automated Clearing House	 	Unit Price
	 
	ACH RECEIVER SVCS-MAINTENANCE
	 	 	[***]	 
	ACH RECEIVER SVCS-TRANSACTION
	 	 	[***]	 
	ACH RECEIVER SVCS-REFORMAT
	 	 	[***]	 
	ACH RECEIVER SVCS-RETURN ITEM
	 	 	[***]	 
	ACH MAINTENANCE
	 	 	[***]	 
	ACH DEBITS/CREDITS ORIGINATED
	 	 	[***]	 
	ACH ADDENDA RECORDS
	 	 	[***]	 
	ACH DEBITS RECEIVED
	 	 	[***]	 
	ACH CREDITS RECEIVED
	 	 	[***]	 
	ACH RETURN
	 	 	[***]	 

 

			
	***	 	Note: Confidential treatment has been
requested with respect to the information contained within the [***] marking.
Such portions have been omitted from this filing and have been filed separately
with the Securities and Exchange Commission.

Exhibit E

 

 

	 	 	 	 	 

	ACH RETURN-VIA ONLINE RPTNG
	 	 	[***]	 
	ACH NOC-VIA ONLINE RPTNG
	 	 	[***]	 
	ACH FILE PROCESSING
	 	 	[***]	 
	ACH NOTIFICATION OF CHANGE
	 	 	[***]	 
	ACH RECEIVER SVCS-DATA TRANS
	 	 	[***]	 

	 	 	 
	International Services	 	Unit Price
	 
	FOREIGN CHECK DEPOSIT (CAD)

	 	[***]

 

			
	***	 	Note: Confidential treatment has been
requested with respect to the information contained within the [***] marking.
Such portions have been omitted from this filing and have been filed separately
with the Securities and Exchange Commission.

Exhibit E

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}]]