Document:

EX-10.4

 Exhibit 10.4 

EXECUTION COPY 
 RECEIVABLES POOLING
AGREEMENT 
 GREEN TREE ADVANCE RECEIVABLES III LLC 

(Depositor) 
 and 

GREEN TREE AGENCY ADVANCE FUNDING TRUST I 

(Issuer) 
 Dated as of
January 16, 2014 
 GREEN TREE AGENCY ADVANCE FUNDING TRUST I 

ADVANCE RECEIVABLES BACKED NOTES, ISSUABLE IN SERIES 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	Section 1.	 	 Definitions; Incorporation by Reference.
	  	 	2	  
	Section 2.	 	 Transfer of Receivables.
	  	 	4	  
	Section 3.	 	 Depositor’s Acknowledgment and Consent to Assignment.
	  	 	6	  
	Section 4.	 	 Representations, Warranties and Certain Covenants of Depositor.
	  	 	6	  
	Section 5.	 	 Remedies Upon Breach.
	  	 	12	  
	Section 6.	 	 Termination.
	  	 	12	  
	Section 7.	 	 General Covenants of Depositor.
	  	 	12	  
	Section 8.	 	 Grant Clause.
	  	 	14	  
	Section 9.	 	 Grant by Issuer.
	  	 	15	  
	Section 10.	 	 Protection of Indenture Trustee’s Security Interest in Trust Estate.
	  	 	15	  
	Section 11.	 	 Limited Recourse.
	  	 	15	  
	Section 12.	 	 Miscellaneous.
	  	 	16	  
			
	Schedule 1	 	 Form of Assignment of Receivables
	  			

  
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 RECEIVABLES POOLING AGREEMENT 

This RECEIVABLES POOLING AGREEMENT (as it may be amended, supplemented, restated, or otherwise modified from time to time, this
“Agreement”) is made as of January 16, 2014 (the “Closing Date”), by and between GREEN TREE ADVANCE RECEIVABLES III LLC, a limited liability company organized under the laws of the State of
Delaware (the “Depositor”), and GREEN TREE AGENCY ADVANCE FUNDING TRUST I, a statutory trust organized under the laws of Delaware (the “Issuer”). 

RECITALS 
 A. The
Depositor is a special purpose Delaware limited liability company wholly owned by Green Tree Servicing LLC (“Green Tree”). The Issuer is a statutory trust organized under the laws of Delaware. 

B. As of the Closing Date, Green Tree acts as the servicer under one or more certain Freddie Mac Servicing Agreements incorporating the
Freddie Mac Guide and one or more certain Fannie Mae Servicing Agreements incorporating the Fannie Mae Guide (each, as it may be amended, supplemented, restated, or otherwise modified from time to time, a “Servicing
Agreement” and collectively, the “Servicing Agreements”), has the obligation to make Advances from and after the Closing Date, and the right to collect the related Receivables in reimbursement of such Advances
and the right to collect Receivables in existence on the Closing Date related to Advances previously made by Green Tree. As such, Green Tree, as servicer, will service pools of mortgage loans in various Pools. One or more Servicing Agreements
relating to a Facility Eligible Pool will be identified on the Designated Servicing Agreement Schedule (each, a “Designated Servicing Agreement” and, collectively, the “Designated Servicing
Agreements”) and the related Facility Eligible Pools in which Green Tree acts as servicer (each, a “Designated Pool” and collectively, the “Designated Pools”) for inclusion under this
Agreement, the Receivables Sale Agreement, dated as of even date herewith, among Green Tree, the Depositor, and Walter Investment Management Corp. (as amended, restated, supplemented or otherwise modified from time to time, the
“Receivables Sale Agreement”) and the Indenture. 
 C. The Issuer and Green Tree, as servicer and as
Administrator ( in such capacity, the “Administrator”), Wells Fargo Bank, N.A., as Indenture Trustee (the “Indenture Trustee”), as Calculation Agent, as Paying Agent and as Securities Intermediary, and
Barclays Bank PLC (“Barclays”), as administrative agent (the “Administrative Agent”), entered into an Indenture (as may be amended, supplemented, restated or otherwise modified from time to time and
including any indenture supplement, the “Indenture”), dated as of even date herewith, pursuant to which the Issuer shall be permitted to issue different Series of Advance Receivables Backed Notes (the
“Notes”) from time to time, on the terms and conditions set forth in the Indenture.  
 D. Green Tree is
obligated to make certain Advances from time to time with respect to the Mortgage Loans in the Designated Pools under the Designated Servicing Agreements of different Advance Types as more fully described in the Indenture. Upon its disbursement of
an Advance with respect to a Designated Pool pursuant to a Designated Servicing Agreement, Green Tree, as servicer, becomes beneficiary of a contractual right to be reimbursed for such Advance in accordance with the terms of the related Designated
Servicing Agreement. Green 

 
Tree, as receivables seller, has sold, assigned, transferred, conveyed and contributed to the Depositor all its contractual rights to be reimbursed for each Advance disbursed by Green Tree (or
any predecessor servicer to the extent that Green Tree acquires the Advances), as servicer, from the date hereof through the Receivables Sale Termination Date in respect of Designated Pools, under the Designated Servicing Agreements and each Advance
previously made by any predecessor servicer before the Closing Date (in any case, which Advance has not been previously reimbursed) (any right to reimbursement in respect of any such Advance, a “Receivable” and, collectively,
the “Receivables”), pursuant to the Receivables Sale Agreement. The Depositor is entering into this Agreement to sell and/or contribute, assign, transfer and convey to the Issuer all Receivables acquired by the Depositor from
Green Tree, as receivables seller, immediately upon the Depositor’s acquisition of such Receivables pursuant to the Receivables Sale Agreement. 

E. The Notes issued by the Issuer pursuant to the Indenture will be collateralized by the Aggregate Receivables and related property and
certain monies in respect thereof now owned and to be hereafter acquired by the Issuer. 
 F. In consideration of each transfer by the
Depositor to the Issuer of the Transferred Assets on the terms and subject to the conditions set forth in this Agreement, the Issuer has agreed to pay to the Depositor a purchase price equal to 100% of the fair market value thereof on the related
Sale Date. To the extent the portion of the purchase price actually paid in cash by the Issuer for the Transferred Assets is less than 100% of the fair market value thereof, the balance of the purchase price shall be paid on each Sale Date by an
increase in the value of the Owner Trust Certificate of the Issuer, 100% of which is held by the Depositor, in an amount equal to the amount by which the Purchase Price of such Receivable exceeds the portion of the cash purchase price actually paid
therefor. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the above premises and of the mutual promises hereinafter set forth, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 
  

	 	Section 1.	Definitions; Incorporation by Reference. 

 (a) This Agreement is entered into in
connection with the terms and conditions of the Indenture. Any capitalized term used but not defined herein shall have the meaning given to it in the Indenture. Furthermore, for any capitalized term defined herein but defined in greater detail in
the Indenture, the detailed information from the Indenture shall be incorporated herein by reference. 
 Additional Receivables: As defined in
Section 2(a). 
 Administrative Agent: As defined in the Recitals. 

Administrator: As defined in the Recitals. 

  
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 Aggregate Receivables: All Initial Receivables and all Additional Receivables sold and/or contributed by
the Depositor to the Issuer hereunder. 
 Agreement: As defined in the Preamble. 

Assignment of Receivables: Each agreement documenting an assignment by Depositor to the Issuer substantially in the form set forth on Schedule
1. 
 Barclays: As defined in the Recitals. 

Closing Date: As defined in the Preamble. 

Depositor: As defined in the Preamble. 

Depositor’s Related Documents: As defined in Section 4(a)(iii). 

Designated Pool: As defined in the Recitals. 

Designated Servicing Agreement and Designated Servicing Agreements: As defined in the Recitals. 

Green Tree: As defined in the Recitals. 

Indenture: As defined in the Recitals. 
 Indenture
Trustee: As defined in the Recitals. 
 Initial Receivables: As defined in Section 2(a). 

Issuer: As defined in the Preamble. 
 Notes: As
defined in the Indenture. 
 Purchase: Each purchase by the Issuer from the Depositor of Transferred Assets. 

Purchase Price: As defined in Section 2(b). 

Receivable and Receivables: As defined in the Recitals. 

Receivables Sale Agreement: As defined in the Recitals. 

Receivables Sale Termination Date: The date, after the conclusion of the Revolving Period, on which all amounts due on all Classes of Notes issued by
the Issuer pursuant to the Indenture, and all other amounts payable to any party pursuant to the Indenture, shall have been paid in full. 
 Removed
Servicing Agreement: As defined in Section 2(c). 
 Sale Date: (i) With respect to the Initial Receivables, the Closing Date and
(ii) with respect to any Additional Receivables, each date after the Closing Date and prior to the Receivables Sale Termination Date on which such Additional Receivable is sold and/or contributed, assigned, transferred and conveyed by the
Depositor to the Issuer pursuant to the terms of this Agreement. 

  
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 Series: As defined in the Indenture. 

Servicing Agreement and Servicing Agreements: As defined in the Recitals. 

Stop Date: As defined in Section 2(c). 

Subsidiary: With respect to any Person (i) any corporation more than 50% of the outstanding securities having ordinary voting power of which shall
at the time be owned or controlled, directly or indirectly, by such Person or by one or more of its Subsidiaries or by such Person and one or more of its Subsidiaries, or (ii) any partnership, limited liability company, association, joint
venture or similar business organization more than 50% of the ownership interests having ordinary voting power of which shall at the time be so owned or controlled. 

Transferred Assets: As defined in Section 2(a). 

UCC: As defined in Section 2(a). 

(b) The Designated Servicing Agreement Schedule, as may be amended, supplemented, restated, or otherwise modified from time to time in
accordance with the Transaction Documents, is incorporated by this reference into this Agreement. 
  

	 	Section 2.	Transfer of Receivables. 

 (a) Transferred Assets. Commencing on the
Closing Date, and until the close of business on the Receivables Sale Termination Date, subject to the provisions of this Agreement, the Depositor hereby sells and/or contributes, assigns, transfers and conveys to the Issuer, and the Issuer acquires
from the Depositor without recourse except as provided herein, all of the Depositor’s right, title and interest, whether now owned or hereafter acquired, in, to and under (1) each Receivable in existence on the Closing Date that arises
with respect to any Pool that is subject to any Servicing Agreement that is listed as a “Designated Servicing Agreement” and the related Pool is listed as a “Designated Pool” on the Designated Servicing Agreement Schedule as of
the date such Receivable is created (the “Initial Receivables”), (2) each Receivable in existence on any Business Day after the Closing Date and prior to the Receivables Sale Termination Date that arises with respect to
any Pool that is subject to any Servicing Agreement that is listed as a “Designated Servicing Agreement” and the related Pool is listed as a “Designated Pool” on the Designated Servicing Agreement Schedule as of the date such
Receivable is created that arose under the Servicing Agreements listed on the Designated Servicing Agreement Schedule as of the Closing Date (the “Additional Receivables”), (3) in the case of both Initial Receivables and
Additional Receivables, all monies due or to become due and all amounts received or receivable with respect thereto and all proceeds (including “proceeds” as defined in the Uniform Commercial Code in effect in all applicable jurisdictions
(the “UCC”)), together with all rights of the Depositor to enforce such Initial Receivables and Additional Receivables and (4) the Receivables Sale Agreement in respect of such Initial Receivables and Additional
Receivables (collectively, the “Transferred Assets”). Until the Receivables Sale Termination Date, the Depositor shall, automatically and without any further 

  
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action on its part, sell and/or contribute, assign, transfer and convey to the Issuer, on each Business Day, each Additional Receivable not previously transferred to the Issuer and the Issuer
shall purchase each such Additional Receivable together with all of the other Transferred Assets related to such Receivable. 
 (b)
Purchase Price. In consideration of the sale and/or contribution, assignment, transfer and conveyance to the Issuer of the Aggregate Receivables and related Transferred Assets, on the terms and subject to the conditions set forth in this
Agreement, the Issuer shall, on each Sale Date, pay and deliver to the Depositor, in immediately available funds on the related Sale Date, or otherwise promptly following such Sale Date if so agreed by the Depositor and the Issuer, a purchase price
(the “Purchase Price”) equal to (i) in the case of one Receivable sold, assigned, transferred and conveyed on such Sale Date, the fair market value of such Receivable on such Sale Date or (ii) in the case more than
one Receivable is sold, assigned, transferred and conveyed on such Sale Date, the aggregate of the fair market values of such Receivables on such Sale Date, payable in cash to the extent of funds available to the Issuer, plus an increase in
the value of the Owner Trust Certificate of the Issuer, to the extent the Purchase Price exceeds the cash paid. The Issuer shall not have any obligation to pay to Green Tree a cash Purchase Price in connection with any Delinquency Advance arising in
connection with a Credited Advance Funding unless the Depositor (or Green Tree, as Servicer) pays to the Issuer or its assigns the Advance Reimbursement Amounts for the Delinquency Advances deemed to have been reimbursed in connection with such
Credited Advance Funding. The Depositor shall contribute any such Delinquency Advances for which there is no Cash Purchase Price paid to the Issuer. 

(c) Removal of Designated Servicing Agreements and Receivables. On any date on or after the satisfaction of all conditions specified in
Section 2.1(c) of the Indenture, the Depositor may remove a Designated Servicing Agreement or a Designated Pool from the Designated Servicing Agreement Schedule (each such Servicing Agreement or Designated Pool so removed, a “Removed
Servicing Agreement” and a “Removed Pool”, respectively). Upon the removal of a Designated Servicing Agreement from the Designated Servicing Agreement Schedule, (i) except if Green Tree conducts a Permitted
Refinancing, all Receivables related to Advances under such Removed Servicing Agreement previously transferred to the Issuer and Granted to the Indenture Trustee for inclusion in the Trust Estate, shall remain subject to the lien of the Indenture,
in which case Green Tree may not assign to another Person any Receivables arising under that Removed Servicing Agreement until all Receivables that arose under that Removed Servicing Agreement or that Pool that are included in the Trust Estate shall
have been paid in full or sold in a Permitted Refinancing, and (ii) all Receivables related to such Removed Servicing Agreement or Removed Pool arising on or after the date that the related Servicing Agreement was removed from the Designated
Servicing Agreement Schedule (the “Stop Date”) shall not be sold to the Issuer and shall not constitute Receivables. 

(d) Marking of Books and Records. The Depositor shall, at its own expense, on or prior to (i) the Closing Date, in the case of the
Initial Receivables, and (ii) the applicable Sale Date, in the case of Additional Receivables, indicate in its books and records (including its computer records) that the Receivables in respect of a Designated Pool arising under each Designated
Servicing Agreement and the related Transferred Assets have been sold and/or contributed, assigned, transferred and conveyed to the Issuer in accordance with this Agreement. The Depositor shall not alter the indication referenced in this paragraph
with respect to any 

  
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Receivable during the term of this Agreement, (except in accordance with Section 10(b)). If a third party, including a potential purchaser of a Receivable, should inquire as to the
status of the Receivables, the Depositor shall promptly indicate to such third party that the Receivables have been sold and/or contributed, assigned, transferred and conveyed and the Depositor (except in accordance with Section 10(b))
shall not claim any right, title or interest (including, but not limited to ownership interest) therein. 
  

	 	Section 3.	Depositor’s Acknowledgment and Consent to Assignment. 

 (a) Acknowledgment
and Consent to Assignment. The Depositor hereby acknowledges that the Issuer has Granted to the Indenture Trustee, on behalf of the Noteholders, the rights (but not the obligations) of the Issuer under this Agreement, including, without
limitation, the right to enforce the obligations of the Depositor hereunder, and the obligations of Green Tree under the Receivables Sale Agreement. The Depositor hereby consents to such Grant by the Issuer to the Indenture Trustee pursuant to the
Indenture. The Depositor acknowledges that the Indenture Trustee (on behalf of itself, the Noteholders, any Supplemental Credit Enhancement Provider and any Liquidity Provider) shall be a third party beneficiary in respect of the representations,
warranties, covenants, rights, indemnities and other benefits arising hereunder that are so Granted by the Issuer. Moreover, the Depositor hereby authorizes and appoints as its attorney-in-fact the Issuer and the Indenture Trustee, as the
Issuer’s assignee, on behalf of the Issuer, to execute and deliver such documents or certificates as may be necessary in order to enforce its rights under this Agreement and its rights to collect the Aggregate Receivables. 

 

	 	Section 4.	Representations, Warranties and Certain Covenants of Depositor. 

 The Depositor
hereby makes the following representations, warranties and covenants for the benefit of the Issuer, the Indenture Trustee and the Noteholders, on which the Issuer is relying in purchasing the Aggregate Receivables and executing this Agreement, and
on which the Noteholders are relying in purchasing the Notes. The representations are made as of the date of this Agreement, and as of each Sale Date. Such representations and warranties shall survive the sale and/or contribution, assignment,
transfer and conveyance of any Receivables and any related Transferred Assets to the Issuer. 
 (a) General Representations, Warranties
and Covenants. 
 (i) Organization and Good Standing. The Depositor is a limited liability company duly organized
and validly existing under the laws of the State of Delaware with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times,
and now has and so long as any Notes are outstanding, will continue to have, power, authority and legal right to acquire, own, hold, transfer, assign and convey the Receivables. 

(ii) Due Qualification. The Depositor is and will continue to be duly qualified to do business as a limited liability
company in good standing, and has obtained and will keep in full force and effect all necessary licenses, permits and approvals, in all 

  
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jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications, licenses, permits or approvals and as to which the failure to obtain or
to keep in full force and effect such licenses, permits or approvals would have a material and adverse impact upon the value or collectability of the Receivables and such failure cannot be subsequently cured for the purposes of enforcing contracts.

 (iii) Power and Authority. The Depositor has and will continue to have all requisite limited liability company
power and authority to own the Receivables, and the Depositor has and will continue to have all requisite limited liability company power and authority to execute and deliver this Agreement, the initial Designated Servicing Agreement Schedule and
each subsequent Designated Servicing Agreement Schedule, each other Transaction Document to which it is a party and any and all other instruments and documents necessary to consummate the transactions contemplated hereby or thereby (collectively,
the “Depositor’s Related Documents”), and to perform each of its obligations under this Agreement and under the Depositor’s Related Documents, and to consummate the transactions contemplated hereby and thereby. The
execution and delivery of this Agreement by the Depositor, and the execution and delivery of each of the Depositor’s Related Documents by the Depositor, the performance by the Depositor of its obligations hereunder and thereunder, and the
consummation of the transactions contemplated hereby and thereby have each been duly authorized by the Depositor and no further limited liability company action or other actions are required to be taken by the Depositor in connection therewith. 

(iv) Valid Transfer. Upon the execution and delivery of this Agreement, each Assignment of Receivables and the
Designated Servicing Agreement Schedule by each of the parties hereto, this Agreement shall evidence a valid sale and/or contribution, transfer, assignment and conveyance of the Additional Receivables as of the applicable Sale Date to the Issuer,
which is enforceable against creditors of and purchasers from the Depositor, except as such enforceability may be limited by bankruptcy, insolvency or similar laws and by equitable principles. 

(v) Binding Obligation. This Agreement and each of the other Transaction Documents to which the Depositor is a party has
been, or when delivered will have been, duly executed and delivered and constitutes the legal, valid and binding obligation of the Depositor, enforceable against the Depositor, in accordance with its terms, except as such enforceability may be
limited by bankruptcy, insolvency or similar laws and by equitable principles. 
 (vi) Good Title. Immediately prior
to each Purchase of Receivables hereunder, the Depositor is the legal and beneficial owner of each such Receivable and the related Transferred Assets with respect thereto, free and clear of any Adverse Claims other than Permitted Liens; and
immediately upon the transfer and assignment thereof, the Issuer and its assignees will have good and marketable title to, with the right to sell and encumber, each Receivable, whether now existing or hereafter arising, together with the related
Transferred Assets with respect thereto, free and clear of any Adverse Claims other than Permitted Liens. 

  
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 (vii) Perfection. 

(A) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Aggregate
Receivables and the related Transferred Assets with respect thereto in favor of the Issuer, which security interest is prior to all other Adverse Claims, and is enforceable as such against creditors of and purchasers from the Depositor; 

(B) The Depositor has caused the filing of all appropriate financing statements in the proper filing office in the appropriate
jurisdictions under the UCC in order to perfect the security interest in the Aggregate Receivables and the related Transferred Assets granted to the Issuer hereunder; and 

(C) The Depositor has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Aggregate
Receivables and the related Transferred Assets, other than under this Agreement, except pursuant to any agreement that has been terminated prior to the date hereof. The Depositor has not authorized the filing of and is not aware of any financing
statement filed against the Depositor covering the Aggregate Receivables and the related Transferred Assets other than those filed in connection with this Agreement and the other Transaction Documents, and those that have been terminated prior to
the date hereof. The Depositor is not aware of any judgment or tax lien filings against the Depositor. 
 (viii) No
Violation. Neither the execution, delivery and performance of this Agreement, the other Transaction Documents or the Depositor’s Related Documents by the Depositor nor the consummation by the Depositor of the transactions contemplated
hereby or thereby nor the fulfillment of or compliance with the terms and conditions of this Agreement, the Depositor’s Related Documents or the other Transaction Documents to which the Depositor is a party (A) will violate the
organizational documents of the Depositor, (B) will constitute a default (or an event which, with notice or lapse of time or both, would constitute a default), or result in a breach or acceleration of, any material indenture, agreement or other
material instrument to which the Depositor or any of its subsidiaries is a party or by which it or any of them is bound, or which may be applicable to the Depositor, (C) results in the creation or imposition of any Adverse Claim upon any of the
property or assets of the Depositor under the terms of any of the foregoing, or (D) violates any statute, ordinance or law or any rule, regulation, order, writ, injunction or decree of any court or of any public, governmental or regulatory
body, agency or authority applicable to the Depositor or its properties. 
 (ix) No Proceedings. There is no action,
suit or proceeding before or by any court or governmental agency or body, domestic or foreign, now pending, or to the Depositor’s knowledge, threatened, or against the Depositor (A) in which a third party not affiliated with the Indenture
Trustee or a Noteholder asserts the invalidity of any of the Transaction Documents, (B) seeking to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by any of the Transaction Documents,
(C) seeking any determination or ruling that should reasonably be expected 

  
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to affect materially and adversely the performance by the Depositor or its Affiliates of their obligations under, or the validity or enforceability of, any of the Transaction Documents or
(D) relating to the Depositor or its Affiliates and which should reasonably be expected to affect adversely the federal income tax attributes of the Notes. 

(x) Ownership of Issuer. 100% of the Owner Trust Certificate of the Issuer is owned by the Depositor. No Person other
than the Depositor has any rights to acquire all or any portion of the Owner Trust Certificate in the Issuer. 
 (xi)
Solvency. The Depositor, both prior to and after giving effect to each sale and/or contribution of Receivables with respect to the Designated Servicing Agreements on each Sale Date, (1) is not, and will not be, “insolvent” (as
such term is defined in § 101(32)(A) of the Bankruptcy Code), (2) is, and will be, able to pay its debts as they become due, and (3) does not have unreasonably small capital for the business in which it is engaged or for any business
or transaction in which it is about to engage. 
 (xii) Information to Note Rating Agencies. All information provided
by the Depositor to any Note Rating Agency, taken together, is true and correct in all material respects. 
 (xiii) No
Fraudulent Conveyance. The Depositor is selling and/or contributing the Aggregate Receivables to the Issuer in furtherance of its ordinary business purposes, with no intent to hinder, delay or defraud any of its creditors. 

(xiv) Ability to Perform Obligations. The Depositor does not believe, nor does it have any reasonable cause to believe,
that it cannot perform each and every covenant contained in this Agreement. 
 (xv) Information. No document,
certificate or report furnished by the Depositor in writing pursuant to this Agreement, any other Transaction Document or in connection with the transactions contemplated hereby or thereby, taken together, contains or will contain when furnished any
untrue statement of a material fact. There are no facts relating to and known by the Depositor which when taken as a whole may impair the ability of the Depositor to perform its obligations under this Agreement or any other Depositor’s
Transaction Document, which have not been disclosed herein or in the certificates and other documents furnished by or on behalf of the Depositor pursuant hereto or thereto specifically for use in connection with the transactions contemplated hereby
or thereby. 
 (xvi) Fair Consideration. The aggregate consideration received by the Depositor pursuant to this
Agreement is fair consideration having reasonably equivalent value to the value of the Aggregate Receivables and the performance of the Depositor’s obligations hereunder. 

(xvii) Name. The legal name of the Depositor is as set forth in this Agreement and the Depositor does not have any trade
names, fictitious names, assumed names or “doing business” names. 

  
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 (xviii) No Subsidiaries. The Depositor has no Subsidiaries other than the
Issuer. 
 (xix) Special Purpose Entity. The Depositor is operated as an entity separate from Green Tree. In addition,
the Depositor: 
 (A) maintains and will continue to maintain its assets separate and distinct from those of Green Tree and
any Affiliates of Green Tree in a manner which facilitates their identification and segregation from those of Green Tree; 

(B) conducts and will continue to conduct all intercompany transactions with Green Tree or any Affiliate of Green Tree on an arm’s-length basis; 
 (C) has not guaranteed and will not guarantee any obligation of
Green Tree or any of Green Tree’s Affiliates, nor has it had or will it have any of its obligations guaranteed by any such entities and has not held and will not hold itself out as responsible for debts of any such entity or for the decisions
or actions with respect to the business affairs of any such entity; 
 (D) has not permitted and will not permit the
commingling or pooling of its funds or other assets with the assets of Green Tree or any Affiliate of Green Tree (other than in respect of items of payment and funds which may be commingled until deposit into the Trust Accounts); 

(E) has and will continue to have separate deposit and other bank accounts to which neither Green Tree nor any of its
Affiliates has any access and does not at any time pool any of its funds with those of Green Tree or any of its Affiliates; 

(F) maintains and will continue to maintain financial records which are separate from those of Green Tree or any of its
Affiliates; 
 (G) compensates and will continue to compensate all employees, consultants and agents, if any, or reimburses
Green Tree from its own funds, for services provided to it by such employees, consultants and agents, and, to the extent any employee, consultant or agent of it is also an employee, consultant or agent of Green Tree allocate the compensation of such
employee, consultant or agent between it and Green Tree as agreed to between them on an arm’s length basis; 
 (H)
conducts and will continue to conduct all of its business (whether in writing or orally) solely in its own name and on its own stationery and pays and will continue to pay its own expenses, makes and will make all communications to third parties
(including all invoices (if any), letters, checks and other instruments) solely in its own name (and not as a division of any other Person), and requires and will require that its employees, if any, when conducting its business identify themselves
as such (including, without limitation, by means of providing appropriate employees with business or identification cards identifying such employees as its employees); 

  
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 (I) adheres and will continue to adhere and comply with its organizational
documents and maintains and will maintain company records and books of account separate and distinct from Green Tree’s corporate records and the records of any Affiliate of Green Tree; 

(J) does not and will not permit Green Tree or any Affiliate of Green Tree, to be involved in its daily management;
provided, however, that officers of Green Tree or any such Affiliate shall not be prohibited from serving as officers of it; 

(K) does not and will not act as agent for Green Tree or any Affiliate of Green Tree and agrees that it will not authorize
Green Tree or any Affiliate of Green Tree to act as its agent; 
 (L) pays and will continue to pay its own incidental
administrative costs and expenses from its own funds, allocates and will continue to allocate all other shared overhead expenses (including, without limitation, telephone and other utility charges, the services of shared employees, consultants and
agents, and reasonable legal and auditing expenses), and other items of cost and expense shared between it and Green Tree, as agreed to between them on an arm’s length basis; and 

(M) takes and shall continue to take such actions as are necessary on its part to ensure that all procedures required by its
organizational documents are duly and validly taken. 
 (b) Survival. It its understood and agreed that the representations and
warranties of the Depositor set forth in Section 4(a) shall continue throughout the term of this Agreement. 
 (c) It is
understood and agreed that the (1) representations and warranties made by Green Tree pursuant to Section 4(b) of the Receivables Sale Agreement, and the representations and warranties made by the Depositor pursuant to this Agreement, on
which the Issuer is relying in accepting the Receivables and executing this Agreement and on which the Noteholders are relying in purchasing the Notes, and (2) the rights and remedies of the Depositor and its assignees under the Receivables
Sale Agreement against Green Tree, and the rights and remedies of the Issuer and its assignees under this Agreement against the Depositor, inure to the benefit of the Issuer and the Indenture Trustee for the benefit of the Noteholders, as the
assignees of the Depositor’s rights under the Receivables Sale Agreement and the Issuer’s rights hereunder. Such representations and warranties, and the rights and remedies for the breach thereof, shall survive the sale and/or
contribution, assignment, transfer and conveyance of any Receivables from the Depositor to the Issuer and its assignees and the pledge thereof by the Issuer to the Indenture Trustee for the benefit of the Noteholders and shall be fully exercisable
by the Indenture Trustee for the benefit of the Noteholders. 

  
 11 

	 	Section 5.	Remedies Upon Breach 

 The Depositor shall inform the
Indenture Trustee, the Administrator and the Administrative Agent promptly, in writing, upon the discovery of any breach of the Depositor’s representations, warranties or covenants hereunder, or Green Tree’s representations, warranties or
covenants under the Receivables Sale Agreement. Unless such breach shall have been cured or waived within thirty (30) days after the earlier to occur of the discovery of such breach by the Depositor or receipt of written notice of such breach
by the Depositor, such that, in the case of a representation and warranty, such representation and warranty shall be true and correct in all material respects as if made on such day, and the Depositor shall have delivered to the Indenture Trustee an
officer’s certificate describing the nature of such breach and the manner in which the relevant representation and warranty became true and correct or the breach was otherwise cured, the Depositor shall either repurchase the affected
Receivables or indemnify the Issuer and its assignees (including the Issuer, the Indenture Trustee and each of their respective assignees) against and hold the Issuer and its assignees (including the Issuer, the Indenture Trustee and each of their
respective assignees) harmless from any cost, liability and expense, including, without limitation, reasonable attorneys’ fees and expenses, whether incurred in enforcement proceedings between the parties or otherwise, incurred as a result of,
or arising from, such breach (each such repurchase or indemnification amount to be paid hereunder, an “Indemnity Payment”), the amount of which shall equal the Receivables Balance of any affected Receivable. This
Section 5 sets forth the exclusive remedy for a breach of representation, warranty or covenant pertaining to a Receivable. Notwithstanding the foregoing, the breach of any representation, warranty or covenant shall not be waived by the
Issuer under any circumstances without the consent of the Majority Noteholders of the Outstanding Notes of each Series and the Administrative Agent. 
  

	 	Section 6.	Termination. 

 This Agreement (a) may not be terminated prior
to the termination of the Indenture and (b) may be terminated at any time thereafter by either party upon written notice to the other party. 
  

	 	Section 7.	General Covenants of Depositor. 

 The Depositor covenants and agrees
that from the date of this Agreement until the termination of the Indenture: 
 (a) RESERVED. 

(b) Bankruptcy. The Depositor agrees that it shall comply with Section 12(l). The Depositor has not engaged in and does not
expect to engage in a business for which its remaining property represents an unreasonably small capitalization. The Depositor will not transfer any of the Aggregate Receivables with an intent to hinder, delay or defraud any Person. 

(c) Legal Existence. The Depositor shall do or cause to be done all things necessary on its part to preserve and keep in full force and
effect its existence in the jurisdiction of its formation, and to maintain each of its licenses, approvals, registrations and qualifications in all jurisdictions in which its ownership or lease of property or the conduct of its business requires
such licenses, approvals, registrations or qualifications, except for failures to maintain any such 

  
 12 

 
licenses, approvals, registrations or qualifications which cannot be subsequently cured for the purpose of enforcing contracts and which, individually or in the aggregate, would not reasonably be
expected to have a material adverse effect on the financial conditions, operations or the ability of the Depositor or the Issuer to perform its obligations hereunder or under any of the other Transaction Documents. 

(d) Compliance With Laws. The Depositor shall comply in all material respects with all laws, rules, regulations and orders of any
governmental authority applicable to its operation, the noncompliance with which would reasonably be expected to have a material adverse effect on the financial condition, operations or the ability of Green Tree, as receivables seller and servicer,
the Depositor or the Issuer to perform their obligations hereunder or under any of the other Transaction Documents. 
 (e) Taxes. The
Depositor shall pay and discharge all taxes, assessments and governmental charges or levies imposed upon the Depositor or upon its income and profits, or upon any of its property or any part thereof, before the same shall become in default;
provided that the Depositor shall not be required to pay and discharge any such tax, assessment, charge or levy so long as the validity or amount thereof shall be contested in good faith by appropriate proceedings, or so long as the failure
to pay any such tax, assessment, charge or levy would not have a material adverse effect on the ability of the Depositor to perform its obligations hereunder. The Depositor shall have set aside on its books adequate reserves with respect to any such
tax, assessment, charge or levy so contested. 
 (f) Compliance with Representations and Warranties. The Depositor covenants that it
shall conduct its business such that it will continually comply with all of its representations and warranties made in Section 4(a). 

(g) Keeping of Records and Books of Account. The Depositor shall maintain accurate, complete and correct documents, books, records and
other information which is reasonably necessary for the collection of all Aggregate Receivables (including, without limitation, records adequate to permit the prompt identification of each new Receivable and all collections of, and adjustments to,
each existing Receivable). 
 (h) Ownership. The Depositor will take all necessary action to establish and maintain, irrevocably in
the Issuer, legal and equitable title to the Aggregate Receivables and the related Transferred Assets, free and clear of any Adverse Claim (including, without limitation, the filing of all financing statements or other similar instruments or
documents necessary under the UCC (or any comparable law) in all appropriate jurisdictions to perfect the Issuer’s interest in such Aggregate Receivables and related Transferred Assets and such other action to perfect, protect or more fully
evidence the interest of the Issuer or the Indenture Trustee (as the Depositor’s assignee) may reasonably request). 
 (i) Reliance
on Separateness. The Depositor acknowledges that the Indenture Trustee and the Noteholders are entering into the transactions contemplated by the Transaction Documents in reliance upon the Depositor’s and Issuer’s identity as a legal
entity that is separate from Green Tree. Therefore, from and after the date of execution and delivery of this Agreement, the Depositor will take all reasonable steps to maintain each of the Depositor’s and

  
 13 

 
Issuer’s identity as a separate legal entity and to make it manifest to third parties that each of the Depositor and the Issuer is an entity with assets and liabilities distinct from those
of Green Tree. Without limiting the generality of the foregoing and in addition to the other covenants set forth herein, the Depositor (i) will not hold itself out to third parties as liable for the debts of the Issuer nor purport to own the
Aggregate Receivables and other related Transferred Assets, (ii) will take all other actions necessary on its part to ensure that the facts and assumptions regarding it set forth in the opinion issued by Sidley Austin LLP, dated as of the
Closing Date, relating to substantive consolidation issues remain true and correct at all times. 
 (j) Name Change, Offices and
Records. In the event the Depositor makes any change to its name (within the meaning of Section 9-507(c) of any applicable enactment of the UCC), type or jurisdiction of organization or location of its books and records the Depositor shall
notify the Issuer and the Indenture Trustee thereof and (except with respect to a change of location of books and records) shall deliver to the Indenture Trustee not later than thirty (30) days after the effectiveness of such change
(i) such financing statements (Forms UCC1 and UCC3) which the Indenture Trustee (acting at the direction of the Administrative Agent) may reasonably request to reflect such name change, or change in type or jurisdiction of organization,
(ii) if the Indenture Trustee shall so request, an opinion of outside counsel to the Depositor, in form and substance reasonably satisfactory to the Indenture Trustee, as to the perfection and priority of the Issuer’s security interest in
the Aggregate Receivables in such event, (iii) such other documents and instruments that the Indenture Trustee on behalf of the Noteholders (acting at the direction of the Administrative Agent) may reasonably request in connection therewith and
shall take all other steps to ensure that the Issuer continues to have a first priority, perfected security interest in the Aggregate Receivables and the related Transferred Assets. 

(k) Location of Jurisdiction of Organization and Records. In the case of a change in the jurisdiction of organization of the Depositor,
or in the case of a change in the “location” of the Depositor for purposes of Section 9-307 of the UCC, the Depositor must take all actions necessary or reasonably requested by the Issuer, the Administrative Agent or the Indenture
Trustee to amend its existing financing statements and continuation statements, and file additional financing statements and to take any other steps reasonably requested by the Issuer, the Administrative Agent or the Indenture Trustee to further
perfect or evidence the rights, claims or security interests of any of the Issuer or any assignee or beneficiary of the Issuer’s rights under this Agreement, including the Indenture Trustee on behalf of the Noteholders under any of the
Transaction Documents. 
  

	 	Section 8.	Grant Clause. 

 It is the intention of the parties hereto that each
transfer and assignment contemplated by this Agreement shall constitute an absolute sale or contribution, as applicable, of the related Receivables from the Depositor to the Issuer and that the Aggregate Receivables shall not be part of
Depositor’s estate or otherwise be considered property of the Depositor in the event of the bankruptcy, receivership, insolvency, liquidation, conservatorship or similar proceeding relating to the Depositor or any of its Property. However, if
such conveyance is deemed to be in respect of a loan, it is intended that: (a) the rights and obligations of the parties shall be established pursuant to the terms of this Agreement; (b) the Depositor hereby grants to the Issuer a first
priority security interest in all of the Depositor’s right, title and interest in, to and under, whether 

  
 14 

 
now owned or hereafter acquired, the Aggregate Receivables and the other Transferred Assets to secure payment of a debt equal to the purchase price for such Aggregate Receivables and other
Transferred Assets; and (c) this Agreement shall constitute a security agreement under applicable law. The Depositor will, to the extent consistent with this Agreement, take such reasonable actions as may be necessary to ensure that, if this
Agreement were deemed to create a security interest in the Aggregate Receivables and the other Transferred Assets to secure payment or performance of an obligation, such security interest would be a perfected security interest of first priority
under applicable law and will be maintained as such throughout the term of this Agreement. The Depositor will, at its own expense, make all initial filings on or about the Closing Date and shall forward a copy of such filing or filings to the
Indenture Trustee. 
 The Depositor hereby authorizes the Issuer and its assignees, successors and designees to file one or more UCC
financing statements, financing statement amendments and continuation statements to perfect the security interest described herein. 
  

	 	Section 9.	Grant by Issuer. 

 The Issuer shall have the right, upon notice to
but without the consent of the Depositor, to Grant, in whole or in part, its interest under this Agreement with respect to the Receivables to the Indenture Trustee and the Indenture Trustee then shall succeed to all rights of the Issuer under this
Agreement. All references to the Issuer in this Agreement shall be deemed to include its assignee or designee, specifically including the Issuer and the Indenture Trustee. 
  

	 	Section 10.	Protection of Indenture Trustee’s Security Interest in Trust Estate. 

(a) The Depositor shall maintain accounts and records as to each Receivable accurately and in sufficient detail to permit the reader thereof to
know at any time following reasonable prior notice delivered to the Depositor, the status of such Receivable, including payments and recoveries made and payments owing. The Schedule of Receivables has been delivered to the Indenture Trustee and
shall remain in its possession or control. 
 (b) The Depositor will maintain its computer records so that, from and after the Grant of the
security interest under the Indenture, the Depositor’s master computer records (including any back-up archives) that refer to any Receivables indicate that the Receivables are owned by the Issuer and pledged to the Indenture Trustee on behalf
of the Noteholders. Indication of the Indenture Trustee’s interest in a Receivable shall be deleted from or modified on the Depositor’s records when, and only when, the Receivable has been paid in full or released from the lien of the
Indenture pursuant to the Indenture. 
  

	 	Section 11.	Limited Recourse. 

 No recourse may be taken, directly or
indirectly, with respect to the obligations of the Issuer under this Agreement or any certificate or other writing delivered in connection herewith or therewith, against (a) any owner of a beneficial interest in the Issuer or (b) any
holder of a beneficial interest in the Issuer in its individual capacity, except as any such Person may have expressly agreed. Notwithstanding any other terms of this Agreement, the Notes, any other Transaction Documents or otherwise, the
obligations of the Issuer under the Notes, the Indenture, this Agreement and each other Transaction Document to which it is a party are limited recourse 

  
 15 

 
obligations of the Issuer, payable solely from the Trust Estate, and following realization of the Trust Estate and application of the proceeds thereof in accordance with the terms of the
Indenture, none of the Noteholders, the Indenture Trustee or any of the other parties to the Transaction Documents shall be entitled to take any further steps to recover any sums due but still unpaid hereunder or thereunder, all claims in respect of
which shall be extinguished and shall not thereafter revive. No recourse shall be had for the payment of any amount owing in respect of the Notes, the Indenture or this Agreement or for any action or inaction of the Issuer against any officer,
director, employee, shareholder, stockholder or incorporator of the Issuer or any of their successors or assigns for any amounts payable under the Notes or this Agreement. It is understood that the foregoing provisions of this Section 11
shall not (i) prevent recourse to the Trust Estate for the sums due or to become due under any security, instrument or agreement which is part of the Trust Estate or (ii) save as specifically provided therein, constitute a waiver, release
or discharge of any indebtedness or obligation evidenced by the Notes or secured by the Indenture. It is further understood that the foregoing provisions of this Section 11 shall not, subject to Section 12(l) hereof, limit the right
of any Person, to name the Issuer as a party defendant in any proceeding or in the exercise of any other remedy under the Notes or this Agreement, so long as no judgment in the nature of a deficiency judgment or seeking personal liability shall be
asked for or (if obtained) enforced against any such Person or entity. 
  

	 	Section 12.	Miscellaneous. 

 (a) Amendment. This Agreement may not be
amended except by an instrument in writing signed by the Depositor and the Issuer upon delivery of an Issuer Tax Opinion and with the consent of the Administrative Agent. In addition, so long as the Notes are outstanding, this Agreement may not be
amended unless either (x) Noteholders of more than the Series Required Noteholders of each Series shall have consented thereto or (y) (i) the amendment is for a purpose for which the Indenture could be amended without any Noteholder
consent and (ii) the Depositor shall have delivered to the Indenture Trustee an officer’s certificate to the effect that the Depositor reasonably believes that any such amendment will not have a material Adverse Effect on the Noteholders
of the Notes. Any such amendment requested by the Depositor shall be at its own expense. Amendments shall require notice to Note Rating Agencies as described in Section 11(a) of the Receivables Sale Agreement. 

(b) Binding Nature; Assignment. The covenants, agreements, rights and obligations contained in this Agreement shall be binding upon the
successors and assigns of the Depositor and shall inure to the benefit of the successors and assigns of the Issuer, and all persons claiming by, through or under the Issuer. 

(c) Entire Agreement. This Agreement contains the entire agreement and understanding among the parties hereto with respect to the
subject matter hereof, and supersedes all prior and contemporaneous agreements, understandings, inducements and conditions, express or implied, oral or written, of any nature whatsoever with respect to the subject matter hereof. The express terms
hereof control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms hereof. 
 (d)
RESERVED. 

  
 16 

 (e) Severability of Provisions. Any provision of this Agreement which is prohibited,
unenforceable or not authorized in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition, unenforceability or non-authorization without invalidating the remaining
provisions hereof or affecting the validity, enforceability or legality of such provision in any other jurisdiction. 
 (f) Governing
Law. THIS AGREEMENT AND ANY CLAIM CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO OR IN CONNECTION WITH THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES HERETO, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE
PARTIES HERETO SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT REFERENCE TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW).

 (g) WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT
TO TRIAL BY JURY IN AN LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 (h)
Counterparts. This Agreement may be executed in several counterparts and all so executed shall constitute one agreement binding on all parties hereto, notwithstanding that all the parties have not signed the original or the same counterpart.
Any counterpart hereof signed by a party against whom enforcement of this Agreement is sought shall be admissible into evidence as an original hereof to prove the contents thereof. Delivery of an executed counterpart of a signature page to this
Agreement by facsimile or other electronic means shall be effective as delivery of a manually executed counterpart of this Agreement. 
 (i)
Indulgences; No Waivers. Neither the failure nor any delay on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right,
remedy, power or privilege preclude any other or future exercise of the same or of any other right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any other occurrence. No waiver shall be
effective unless it is in writing and is signed by the party asserted to have granted such waiver. 
 (j) Headings Not to Affect
Interpretation. The headings contained in this Agreement are for convenience of reference only, and they shall not be used in the interpretation hereof. 

(k) Benefits of Agreement. Nothing in this Agreement, express or implied, shall give to any Person, other than the parties to this
Agreement and their successors hereunder, any benefit of any legal or equitable right, power, remedy or claim under this Agreement. 
 (l)
No Petition. The Depositor, by entering into this Agreement, agrees that it will not at any time prior to the date which is one year and one day, or, if longer, the applicable 

  
 17 

 
preference period then in effect, after the payment in full of all of the Notes, institute against the Issuer, or join in any institution against the Issuer of, Insolvency Proceedings or other
similar proceedings, or other proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Notes or this Agreement, or cause the Issuer to commence any reorganization, bankruptcy
proceedings, or Insolvency Proceedings under any applicable state or federal law, including without limitation any readjustment of debt, or marshaling of assets or liabilities or similar proceedings. This Section 12(l) shall survive
termination of this Agreement. 
 (m) Owner Trustee Limitation of Liability. It is expressly understood and agreed by the parties
hereto that (a) this Agreement is executed and delivered by Wilmington Trust, National Association, not individually or personally, but solely as Owner Trustee of the Issuer under the Trust Agreement, in the exercise of the powers and authority
conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as a personal representation, undertaking and agreement by Wilmington Trust, National
Association but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on Wilmington Trust, National Association, individually or personally, to perform any
covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall Wilmington
Trust, National Association be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this
Agreement or the other Transaction Documents. 
 [Signature Pages Follow] 

  
 18 

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

			
	GREEN TREE ADVANCE RECEIVABLES III LLC, as Depositor
		
	By:	 	 /s/ Cheryl Collins

	Name:	 	Cheryl Collins
	Title:	 	SVP and Treasurer

 [Signatures continue] 

[Green Tree Agency Advance Funding Trust I - Signature Page to Receivables Pooling Agreement] 

 
			
	 GREEN TREE AGENCY ADVANCE FUNDING TRUST I, as Issuer

By: Wilmington Trust, National Association not in its individual capacity but solely as Owner Trustee

		
	By:	 	 /s/ Dorri Costello

	Name:	 	Dorri Costello
	Title:	 	Assistant Vice President

 [Signatures continue] 

[Green Tree Agency Advance Funding Trust I - Signature Page to Receivables Pooling Agreement] 

  
 2 

 Schedule 1 

ASSIGNMENT OF RECEIVABLES 

Dated as of [            ], 20[    ] 

This Assignment of Receivables (this “Assignment”) is a schedule to and is hereby incorporated by this
reference into a certain Receivables Pooling Agreement (the “Agreement”), dated as of January 16, 2014, by and between Green Tree Advance Receivables III LLC, a Delaware limited liability company (the
“Depositor”), and Green Tree Agency Advance Funding Trust I, a statutory trust formed under the laws of the State of Delaware (the “Issuer”). All capitalized terms used herein shall have the meanings
set forth in, or referred to in, the Agreement. 
 By its signature to this Assignment, the Depositor hereby sells and/or
contributes, assigns, transfers and conveys to the Issuer and its assignees, without recourse, but subject to the terms of the Agreement, all of the Depositor’s right, title and interest in, to and under its rights to reimbursement for
Receivables arising under each Designated Servicing Agreement listed on Attachment A attached hereto, existing on the date of this Assignment and Receivables arising under each Designated Servicing Agreement listed on
Attachment A, on or before the related Receivables Sale Termination Date, the other Transferred Assets related to such Receivables described in Section 2(a) of the Agreement, pursuant to the terms of the Agreement, and the
Issuer hereby accepts such sale and/or contribution, assignment, transfer and conveyance and agrees to transfer to the Depositor the consideration set forth in the Agreement. 

[Signature page follows] 

 
			
	GREEN TREE ADVANCE RECEIVABLES III LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	GREEN TREE AGENCY ADVANCE FUNDING TRUST I
	By: Wilmington Trust, National Association not in its individual capacity but solely as Owner Trustee
		
	Name:	 	  

	Title:	 	  

 [Green Tree Agency Advance Funding Trust I - Signature Page to Schedule 1 to Receivables Pooling
Agreement - Assignment of Receivables] 

 Attachment A to Schedule 1 

DESIGNATED SERVICING AGREEMENTS AND DESIGNATED POOLS RELATED TO AGGREGATE RECEIVABLES 

  
 Attachment A to Schedule
1-1EX-10.5

 Exhibit 10.5 

Execution Version 
 SECOND
AMENDMENT TO ADDENDUM TO MORTGAGE SELLING AND SERVICING CONTRACT (EAR Agreement) 
 This Second Amendment (the “Second
Amendment”) to that Addendum To Mortgage Selling and Servicing Contract dated effective as of April 1, 2014 and amended by a First Amendment to Addendum to Mortgage Selling and Servicing Contract dated as of June 1, 2014 (as so
amended, the “EAR Agreement”) by and between FANNIE MAE, a corporation organized and existing under the laws of the United States (“Fannie Mae”) and Green Tree Servicing LLC, a limited liability company organized and existing
under the laws of the State of Delaware (“Servicer”), is hereby mutually agreed upon and entered into effective December 19, 2014. 

WITNESSETH: 

WHEREAS, Fannie Mae and Servicer desire to amend and reduce the Early Reimbursement Amount Limit and make certain other amendments to
the EAR Agreement. 
 NOW, THEREFORE, in consideration of the mutual premises, covenants and conditions and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and upon terms and subject to the conditions set forth herein, Fannie Mae and Servicer agree as follows: 

Section 1. Defined Terms. Unless otherwise defined herein, capitalized terms which are defined in the EAR Agreement, as
amended hereby, are used herein as therein defined. 
 Section 2. Early Reimbursement Amount Limit. The Section of the
EAR Agreement titled “Early Reimbursement Amount Limit” shall be amended and restated in its entirety to provide as follows: 

Fannie Mae’s obligation to make payment of Periodic Early Reimbursement Amounts will not exceed a maximum Aggregate Early Reimbursement
Amount of Two Hundred Million ($200,000,000) dollars. 
 Section 3. Schedule 1. Schedule 1 to the EAR Agreement shall be
amended and replaced with the attached revised Schedule 1. 
 Section 4. Schedule 2. Schedule 2 to the EAR Agreement
shall be amended and replaced with the attached revised Schedule 2. 
 Section 5. Continuing Effect of the EAR
Agreement. Except as expressly amended hereby, the provisions of the EAR Agreement are and shall remain in full force and effect. 

Section 6. Counterparts. This Second Amendment to EAR Agreement may be executed in any number of counterparts, each of
which shall be deemed an original and all of which together shall constitute one and the same instrument. 
 [Signatures Follow] 

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

									
	FANNIE MAE	 		 	GREEN TREE SERVICING LLC
					
	By:	 	 /s/ Tara Malone
	 		 	By:	 	 /s/ Cheryl Collins

					
	Name:	 	 Tara Malone
	 		 	Name:	 	 Cheryl Collins

					
	Title:	 	 Vice President
	 		 	Title:	 	 SVP & Treasurer

					
	Date:	 	 12/19/2014
	 		 	Date:	 	 12/19/2014

 SCHEDULE 1 

 

					
	 Original Advancing Servicer or Originator
	  	 SSID Number
	  	 Transfer Date

	GMAC Mortgage, LLC	  	 261840111
 261840120

261840138
 261840146

261840804
 261840855
	  	January 31, 2013
	Bank United	  	261840049	  	April 1, 2009
	Hayhurst Mortgage, Inc	  	261840073	  	February 1, 2010

 Advances made by Servicer relating to Mortgage Loans in each of the above referenced acquired portfolios after the applicable
Transfer Date shall be Eligible Advances. 

 SCHEDULE 2 
  

					
	 Original Advancing Servicer
	  	 Legacy Advance Type; Early

Reimbursement rate
	  	 Transfer Date

	GMAC Mortgage, LLC	  	 P&I Delinquency Advance: 100%
 T&I
Escrow Advances: 80%
 Corporate Servicing Advances: 80%
	  	January 31, 2013

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