Document:

EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 

FORBEARANCE AGREEMENT 

This FORBEARANCE AGREEMENT (this “Agreement”), dated as of January 16, 2019, is entered into by and among DITECH HOLDING
CORPORATION, a Maryland corporation (the “Borrower”), the Lenders listed on the signature pages hereto constituting the Required Lenders and the Agent (as defined below) (the Agent together with the undersigned Lenders, the
“Forbearing Parties”). 
 RECITALS: 

WHEREAS, the Borrower, the Lenders from time to time party thereto and Credit Suisse AG, Cayman Islands Branch, as administrative agent and
collateral agent for the Lenders under the Credit Agreement (in such capacity, the “Agent”) have entered into that certain Second Amended and Restated Credit Agreement, dated as of February 9, 2018 (as amended by that certain
Amendment No. 1 to Second Amended and Restated Credit Agreement, dated as of March 29, 2018, by and among the Borrower and the Lenders party thereto, and as further amended, supplemented or otherwise modified prior to the effectiveness of
this Agreement, the “Credit Agreement”); 
 WHEREAS, the Borrower has advised the Lenders that certain Defaults and/or
Events of Default have occurred and are continuing or may arise under the Credit Agreement, as a result of or arising from, directly or indirectly (a) any Event of Default arising under Section 7.01(d) of the Credit Agreement as a result
of the Borrower’s failure to make an interest payment on December 17, 2018 with respect to the Second Lien Senior Subordinated PIK Toggle Notes (the “Interest Payment Default”), (b) any default, event of default or similar
event under instruments governing other Indebtedness arising from or as a result of the Interest Payment Default (including, any default, event of default or similar event arising from or as a result of any failure to deliver any notice of the
Interest Payment Default thereunder) (the “Cross Defaults”) and (c) any Default and/or Event of Default arising from or as a result of any failure to deliver any notice to the Agent or the Lenders with respect to the Interest
Payment Default and/or the Cross Defaults (the “Notice Default” and together with the Interest Payment Default and the Cross Defaults, the “Specified Defaults”); 

WHEREAS, the parties hereto agree that the Forbearing Parties will forbear, solely during the Forbearance Period (as defined below), from
exercising any and all remedies available to them under the Credit Documents with respect to the Specified Defaults (but not waive the Specified Defaults) on the terms and conditions set forth in this Agreement. The undersigned Lenders, constituting
the Required Lenders, and the Agent at the direction of such Required Lenders, are willing to accommodate such requests, subject to satisfaction of the terms and conditions set forth herein; and 

NOW, THEREFORE, in consideration of these premises and for other good and valuable consideration, the receipt, adequacy and sufficiency of
which are hereby acknowledged, the parties hereto agree as follows: 
 Section 1. Defined Terms. Unless otherwise
specifically defined herein, each term used herein (including in the recitals above) that is defined in the Credit Agreement has the meaning assigned to such term in the Credit Agreement. 

Section 2. Forbearance. Effective as of the Forbearance Effective Date (as defined below), subject to the
terms and conditions of this Agreement and in reliance upon the representation and warranty of the Borrower set forth in Section 4 below, the undersigned Lenders and the Agent at the direction of the Required Lenders hereby
agree to forbear (the “Forbearance”) from taking any Enforcement Action (as defined below) as a result of the occurrence and continuation of any of the Specified Defaults solely during the period (the

 
“Forbearance Period”) beginning on the first date that the conditions set forth in Section 3 of this Agreement shall have been satisfied (the
“Forbearance Effective Date”) and ending on the date that is the earliest of: 
 (a) February 8, 2019;

 (b) the making of the interest payment that was due on December 17, 2018 with respect to the Second Lien Senior
Subordinated PIK Toggle Notes; 
 (c) the date on which any of the following shall occur: 

(i) an Event of Default (other than the Specified Defaults) occurring under the Credit Agreement; 

(ii) (x) an Event of Default (as defined in the Second Lien Senior Subordinated PIK Toggle Notes Indenture) (other than
arising in connection with the Specified Defaults) occurring under the Second Lien Senior Subordinated PIK Toggle Notes Documents or (y) the Trustee (as defined in the Second Lien Senior Subordinated PIK Toggle Notes Indenture) or any holder of
Second Lien Senior Subordinated PIK Toggle Notes takes any action in violation of the First Lien/Second Lien Intercreditor Agreement; and/or 

(iii) (x) an Event of Default (as defined in any of the Warehouse Facilities (as defined below)) or similar event (in each
case, other than arising in connection with the Specified Defaults) occurring under any of the Warehouse Facilities or (y) any forbearance given with respect to the Specified Defaults under any of the Warehouse Facilities shall cease to be
effective; 
 (d) the failure of the Borrower to comply with any term, condition or covenant set forth in this Agreement; and

 (e) the failure of any representation or warranty made by the Borrower under this Agreement to be true in all material
respects (or, in the case of any representation and warranty qualified by materiality, in all respects) as of the date when made or deemed made. 

“Warehouse Facilities” shall mean (1) the mortgage loan origination facility governed by that certain Amended and
Restated Master Repurchase Agreement, dated as of November 18, 2016, among Credit Suisse First Boston Mortgage Capital LLC, as administrative agent, Agent, as committed buyer, Alpine Securitization Ltd, as a buyer, Barclays Bank PLC, as a buyer
and other Buyers from time to time, and Ditech Financial LLC, as seller; (2) the reverse mortgage facility governed by that certain Second Amended and Restated Master Repurchase Agreement, dated as of November 30, 2017, among Credit Suisse
First Boston Mortgage Capital LLC, as administrative agent, Agent, as committed buyer, Alpine Securitization Ltd, as a buyer, Barclays Bank PLC, as a committed buyer, and other Buyers from time to time, Reverse Mortgage Solutions, Inc., as a seller,
RMS REO CS, LLC, and RMS REO BRC, LLC; (3) the reverse mortgage facility governed by that certain Master Repurchase Agreement, dated April 23, 2018, between Barclays Bank PLC, as purchaser and as agent, and Reverse Mortgage Solutions,
Inc., as seller; (4) the servicing advance securitization facility governed by that certain Indenture, dated as of February 9, 2018, among Ditech PLS Advance Trust II, as issuer, Wells Fargo Bank, N.A., as indenture trustee, as calculation
agent, as paying agent and as securities intermediary, Ditech 

  
 2 

 
Financial LLC, as servicer and as administrator, and Credit Suisse First Boston Mortgage Capital LLC, as administrative agent, as supplemented by that certain Series 2018-VF1 Indenture Supplement, dated as of February 9, 2018, among Ditech PLS Advance Trust II, as issuer, Wells Fargo Bank, N.A., as indenture trustee, as calculation agent, as paying agent and as securities
intermediary, Ditech Financial LLC, as servicer and as administrator, and Credit Suisse First Boston Mortgage Capital LLC, as administrative agent; (5) the servicing advance securitization facility governed by that certain Indenture, dated as
of February 9, 2018, among Ditech Agency Advance Trust, as issuer, Wells Fargo Bank, N.A., as indenture trustee, as calculation agent, as paying agent and as securities intermediary, Ditech Financial LLC, as servicer and as administrator, and
Credit Suisse First Boston Mortgage Capital LLC, as administrative agent, as supplemented by that certain Series 2018-VF1 Indenture Supplement, dated as of February 9, 2018, among Ditech Agency Advance
Trust, as issuer, Wells Fargo Bank, N.A., as indenture trustee, as calculation agent, as paying agent and as securities intermediary, Ditech Financial LLC, as servicer and as administrator, and Credit Suisse First Boston Mortgage Capital LLC, as
administrative agent; and (6) the securities forward transactions governed by each of (A) that certain Master Securities Forward Transaction Agreement, dated as of September 24, 2018, between Ditech Financial LLC and Credit Suisse AG,
New York Branch and (B) that certain Master Securities Forward Transaction Agreement, dated as of May 22, 2017, between Ditech Financial LLC and Barclays Capital, Inc. 

“Enforcement Actions” shall mean (1) the declaration of the termination of the Commitments, (2) the declaration of
the principal of and any accrued interest and Fees in respect of all Loans and the Notes and all Obligations owing under the Credit Agreement, any other Credit Document or otherwise to be forthwith due and payable, (3) the termination of any
Letter of Credit which may be terminated in accordance with its terms, (4) the enforcement of all of the Liens and security interests created pursuant to the Security Documents, (5) the enforcement of the Subsidiaries Guaranty,
(6) the exercise of any and all other remedies available to the Secured Creditors under the Credit Agreement, any other Credit Document or otherwise or (7) any vote outside of any insolvency proceeding in favor of, or instruction to, or
otherwise taking or failing to take any actions that would permit any Person to undertake any of the actions in foregoing clauses (1) through (6). 

Section 3. Conditions to Effectiveness of this Agreement. This Agreement shall become effective as of the first
date upon which the following conditions are satisfied: 
 (a) the Borrower, the Lenders representing the Required Lenders
and the Agent shall have executed and delivered their respective counterparts of this Agreement; and 
 (b) other than the
Specified Defaults, no Default or Event of Default shall have occurred and be continuing. 
 Section 4.
Representation of the Borrower. The Borrower hereby represents and warrants to the Agent and the undersigned Lenders that as of the Forbearance Effective Date (after giving effect to this Agreement and the other transactions contemplated
hereby): 
 (a) except (i) the representations and warranties set forth in Sections 3.05(f) and 3.07 of the Credit
Agreement and (ii) to the extent that any representation and/or warranty made in any Credit Document relates to and/or is impacted by and/or with respect to the Specified Defaults, each of the representations and warranties made by any Credit
Party in or pursuant to the Credit Documents is true and correct in all material respects (or, in the case of any representation and warranty qualified by materiality, in all respects) on and as of the Forbearance Effective Date (except to the
extent such representations and warranties are specifically made as of an earlier date, in which case such representations and warranties were true and correct in all material respects (or, in the case of any representation and warranty qualified by
materiality, in all respects) as of such date); 

  
 3 

 (b) other than the Specified Defaults, no Default or Event of Default has
occurred and is continuing on the Forbearance Effective Date; 
 (c) the Borrower has duly executed and delivered this
Agreement, and this Agreement constitutes the legal, valid and binding obligation of the Borrower enforceable against it in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights generally and by general equitable principles (regardless of whether enforcement is sought by proceedings in equity or at law); 

(d) the execution, delivery and performance of this Agreement will not (i) contravene any provision of any law, statute,
rule or regulation or any order, writ, injunction or decree of any court or Governmental Authority, (ii) (x) violate or result in any breach of any of the terms, covenants, conditions or provisions of, or constitute a default under, or give
rise to any right to accelerate or to require the prepayment, repurchase of redemption of any obligation under, or (y) result in the creation or imposition of (or the obligation to create or impose) any Lien (except pursuant to the Security
Documents) upon any of the property or assets of any Credit Party or any Restricted Subsidiary pursuant to the terms of, any indenture, mortgage, deed of trust, credit agreement or loan agreement, or any other agreement, contract or instrument, in
each case to which any Credit Party or any Restricted Subsidiary is a party or by which it or any its property or assets is bound or to which it may be subject or (iii) violate any provision of the certificate or articles of incorporation or by-laws of the Borrower, except to the extent all violations or contraventions with respect to the foregoing clauses (i) and (ii)(x) could not, either individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect; and 
 (e) all written factual information (taken as a whole) furnished in connection with
this Agreement and the transactions contemplated hereby or otherwise furnished from and after November 14, 2018 in connection with discussions related to potential restructuring, by or on behalf of the Borrower in writing to the Administrative
Agent or any Lender prior to the Forbearance Effective Date, is complete and correct in all material respects on the date as of which such information is dated or certified and does not or will not contain any untrue statement of a material fact or
omit a material fact necessary to make such information (taken as a whole) not misleading in any material respect at such time in light of the circumstances under which such information was provided (giving effect to all supplements and updates
provided thereto prior to the Forbearance Effective Date); provided, that no representation is made with respect to information of a general economic or general industry nature. 

Section 5. Covenants. The Borrower hereby covenants and agrees with the undersigned Lenders that: 

(a) to the extent FTI Consulting Inc. and Kirkland and Ellis LLP continue to represent Lenders constituting the Required
Lenders, it shall, during the Forbearance Period, promptly deliver or cause to be delivered to FTI Consulting Inc. and Kirkland & Ellis LLP all information with respect to the Borrower or any of its Subsidiaries reasonably requested
thereby; provided, however, that the Borrower shall not be required to disclose or provide any information (a) in respect of which disclosure to any Lender (or any of its respective representatives) is prohibited by applicable
law, (b) that is subject to attorney-client or similar privilege or constitutes attorney work product or (c) the Borrower owes confidentiality obligations to any third party; and 

  
 4 

 (b) in the event it or any of its Subsidiaries agrees, as consideration for
or otherwise in connection with any waiver, forbearance, amendment, consent or other modification to the terms of any of its or any such other Subsidiary’s Indebtedness with respect to any Specified Default, to (i) pay any structuring fee,
upfront fee or waiver fee (in each case, howsoever described or denominated) or (ii) any change in any existing applicable interest margin (howsoever described or denominated) that results in such applicable interest margin being more favorable
to the creditor(s) holding such Indebtedness than the applicable interest margin existing on the date hereof, then such fee or such increase in applicable interest margin shall be automatically incorporated into this Agreement as if fully set forth
herein without the need of any further action on the part of any party. Any such fee shall be deemed fully earned and shall be paid by the Borrower to the Agent (for the benefit of the undersigned Lenders pro rata, in accordance with the respective
principal amounts of their Term Loans) by wire transfer of immediately available funds. 
 Section 6. Governing Law.
This Agreement and the transactions contemplated hereby shall be governed by and construed in accordance with the laws of the State of New York. 

Section 7. Effect of This Agreement; Ratification of Obligations.  

(a) Except as expressly set forth herein, this Agreement shall not by implication or otherwise limit, impair, constitute a
waiver of or otherwise affect the rights and remedies of any Lender or the Agent under the Credit Agreement or any other Credit Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or
agreements contained in the Credit Agreement, any other Credit Document or at law or in equity, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Credit
Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Credit Document in similar or different circumstances.

 (b) The Borrower hereby ratifies and reaffirms (a) that each of the Credit Documents to which it is a party has been
duly executed and delivered by it to the Agent and to the Lenders and is in full force and effect as of the date hereof; (b) that the agreements and obligations of the Borrower contained in the Credit Documents, including, without limitation,
all payment, performance, indemnification and other obligations and all guarantees of such obligations constitute the legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with the terms thereof;
(c) its grant of liens on or security interests in its properties pursuant to any of the Credit Documents as security for the Obligations under or with respect to the Credit Agreement and confirms and agrees that such liens and security
interests secure all of the Obligations and any additional Obligations hereafter arising or incurred pursuant to or in connection with this Agreement, the Credit Agreement or any other Credit Document; and (d) the Agent and the Lenders are and
shall be entitled to all of the rights, remedies and benefits provided for in the Credit Documents. 

  
 5 

 Section 8. Counterparts. This Agreement may be signed in any
number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 

Section 9. Miscellaneous. This Agreement shall constitute a Credit Document for all purposes of the Credit
Agreement, including, without limitation, Section 9.05 of the Credit Agreement. Each Lender party hereto acknowledges that it has, independently and without reliance upon the Agent or any other Lender and based on such documents and information
as it has deemed appropriate, made its own decision to enter into this Agreement. 
 Section 10. Direction to
Agent. The undersigned Lenders party hereto constituting the Required Lenders hereby (a) direct the Agent to execute and deliver this Agreement and (b) acknowledge and agree that (i) the direction in this
Section 10 constitutes a direction from the Required Lenders under the provisions of Article 8 of the Credit Agreement and (ii) Article 8 and Section 9.05 of the Credit Agreement shall apply to any and all actions
taken by the Agent in accordance with such direction. 
 [Remainder of Page Intentionally Left Blank; Signature Pages to Follow] 

 

  
 6 

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

			
	DITECH HOLDING CORPORATION, as Borrower
		
	By:	 	 /s/ Joanna Colaneri

		 	Name: Joanna Colaneri
		 	Title:   Senior Vice President and Treasurer

  
 [Forbearance Agreement
Signature Page] 

 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Administrative Agent and Collateral Agent
		
	By:	 	 /s/ Megan Kane

		 	Name: Megan Kane
		 	Title:   Authorized Signatory
		
	By:	 	 /s/ Didier Siffer

		 	Name: Didier Siffer
		 	Title:   Authorized Signatory

  
 [Forbearance Agreement
Signature Page] 

 
			
	CATHEDRAL LAKE II, LTD., as Lender
		
	By:	 	 /s/ Stanton Ray

		 	Name: Stanton Ray
		 	Title:   Portfolio Manager

  
 [Forbearance Agreement
Signature Page] 

 
			
	CATHEDRAL LAKE III, LTD., as Lender
		
	By:	 	 /s/ Stanton Ray

		 	Name: Stanton Ray
		 	Title:   Portfolio Manager

  
 [Forbearance Agreement
Signature Page] 

 
			
	CATHEDRAL LAKE IV, LTD., as Lender
		
	By:	 	 /s/ Stanton Ray

		 	Name: Stanton Ray
		 	Title:   Portfolio Manager

  
 [Forbearance Agreement
Signature Page] 

 
			
	CATHEDRAL LAKE V, LTD., as Lender
		
	By:	 	 /s/ Stanton Ray

		 	Name: Stanton Ray
		 	Title:   Portfolio Manager

  
 [Forbearance Agreement
Signature Page] 

 
			
	CATHEDRAL LAKE CLO 2013, LTD., as Lender
		
	By:	 	 /s/ Stanton Ray

		 	Name: Stanton Ray
		 	Title:   Portfolio Manager

  
 [Forbearance Agreement
Signature Page] 

 
			
	DOUBLE BLACK DIAMOND OFFSHORE LTD., as Lender
		
	By:	 	 /s/ Stanton Ray

		 	Name: Stanton Ray
		 	Title:   Portfolio Manager

  
 [Forbearance Agreement
Signature Page] 

 ATRIUM VIII 

ATRIUM IX 
 ATRIUM XII 

ATRIUM XIII 
 MADISON PARK FUNDING X, LTD. 

MADISON PARK FUNDING XI, LTD. 
 MADISON PARK FUNDING
XII, LTD. 
 MADISON PARK FUNDING XIII, LTD. 

MADISON PARK FUNDING XV, LTD. 
 MADISON PARK FUNDING
XVI, LTD. 
 MADISON PARK FUNDING XVII, LTD. 

MADISON PARK FUNDING XX, LTD. 
 MADISON PARK FUNDING
XXI, LTD. 
 MADISON PARK FUNDING XXII, LTD. 

MADISON PARK FUNDING XXVIII, LTD. 
 MADISON PARK FUNDING
XXX, LTD. 
 ONE ELEVEN FUNDING I, LTD. 
 ONE
ELEVEN FUNDING II, LTD. 
 By: Credit Suisse Asset Management, LLC, as portfolio manager 

MADISON PARK FUNDING XVIII, LTD. 
 MADISON PARK FUNDING
XIX, LTD. 
 MADISON PARK FUNDING XXIII, LTD. 

MADISON PARK FUNDING XXIV, LTD. 
 MADISON PARK FUNDING
XXVI, LTD. 
 By: Credit Suisse Asset Management, LLC, as collateral manager 

MADISON PARK FUNDING XXVII, LTD. 
 By: Credit Suisse Asset
Management, LLC. as asset manager 
 BENTHAM SYNDICATED LOAN FUND 

By: Credit Suisse Asset Management, LLC, as agent (sub-advisor) for 

Challenger Investment Services Limited, the Responsible Entity for 

Bentham Syndicated Loan Fund 
 CALIFORNIA STATE TEACHERS’
RETIREMENT SYSTEM 
 COPPERHILL LOAN FUND I, LLC. 

CREDIT SUISSE FLOATING RATE TRUST 
 DOLLAR SENIOR LOAN
FUND, LTD. 
 ERIE INDEMNITY COMPANY 
 MADISON
FLINTHOLM SENIOR LOAN FUND I DAC 
 PHILLIPS 66 RETIREMENT PLAN TRUST 

RENAISSANCE INVESTMENT HOLDINGS LTD. 
 THE EATON
CORPORATION MASTER RETIREMENT TRUST 
 By: Credit Suisse Asset Management, LLC, as investment manager 

COMMONWEALTH OF PENNSYLVANIA TREASURY DEPARTMENT 

CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC. 

CREDIT SUISSE FLOATING RATE HIGH INCOME FUND 
 CREDIT
SUISSE HIGH YIELD BOND FUND 

  
 [Forbearance Agreement
Signature Page] 

 CREDIT SUISSE STRATEGIC INCOME FUND 

By: Credit Suisse Asset Management, LLC, as investment advisor 

CREDIT SUISSE NOV A (LUX) 
 By: Credit Suisse Asset
Management, LLC or Credit Suisse Asset Management Limited, 
 each as Co-Investment Adviser to Credit Suisse Fund
Management S.A., management company 
 for Credit Suisse Nova (Lux) 

DAVINCI REINSURANCE LTD. 
 By: Credit Suisse Asset
Management, LLC, as investment manager for 
 DaVinci Reinsurance Holdings, Ltd., the owner of DaVinci Reinsurance Ltd. 

ERIE INSURANCE EXCHANGE 
 By: Credit Suisse Asset
Management, LLC, as investment manager for 
 Erie Indemnity Company, as
Attorney-In-Fact for Erie Insurance Exchange 
 KP FIXED INCOME FUND

 By: Credit Suisse Asset Management, LLC, as Sub-Adviser for 

Callan Associates Inc., the Adviser for The KP Funds, the Trust for KP Fixed Income Fund 

SENIOR SECURED FLOATING RATE LOAN FUND 
 By: Credit Suisse
Asset Management, LLC, the Portfolio Manager for 
 Propel Capital Corporation, the manager for Senior Secured Floating Rate Loan Fund 

STATE OF NEW MEXICO STATE INVESTMENT COUNCIL 
 By
authority delegated to the New Mexico State Investment Office 
 By: Credit Suisse Asset Management, LLC, as its manager 

THE CITY OF NEW YORK GROUP TRUST 
 By: Credit Suisse Asset
Management, LLC, as its manager 
 WESPATH FUNDS TRUST 

By: Credit Suisse Asset Management, LLC, the investment adviser for 

UMC Benefit Board Inc., the trustee for Wespath Funds Trust 
  

			
	, as Lender
		
	By:	 	 /s/ David Mechlin

		 	Name: David Mechlin
		 	Title:   Authorized Signatory

  
 [Forbearance Agreement
Signature Page] 

 
			
	AGF FLOATING RATE INCOME FUND
		
	By:	 	Eaton Vance Management,
		 	 as Portfolio Manager
 as Lender

		
	By:	 	 /s/ Michael B. Botthof

		 	Name: Michael B. Botthof
		 	Title:   Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	BRIGHTHOUSE FUNDS TRUST I-
	BRIGHTHOUSE/EATON VANCE FLOATING
RATE PORTFOLIO
		
	By:	 	Eaton Vance Management,
		 	 as Investment Sub-Advisor

as Lender

		
	By:	 	 /s/ Michael B. Botthof

		 	Name:  Michael B. Botthof
		 	Title:    Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	EATON VANCE LOAN HOLDING LIMITED
		
	By:	 	Eaton Vance Management,
		 	 as Investment Manager
 as Lender

		
	By:	 	 /s/ Michael B. Botthof

		 	Name:  Michael B. Botthof
		 	Title:    Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	EATON VANCE FLOATING-RATE INCOME PLUS FUND
		
	By:	 	Eaton Vance Management,
		 	as Investment Advisor
		 	as Lender
		
	By:	 	 /s/ Michael B. Botthof

		 	Name:  Michael B. Botthof
		 	Title:    Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	EATON VANCE SENIOR FLOATING·RATE TRUST
		
	By:	 	Eaton Vance Management,
		 	as Investment Advisor
		 	as Lender
		
	By:	 	 /s/ Michael B. Botthof

		 	Name:  Michael B. Botthof
		 	Title:    Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	EATON VANCE FLOATING-RATE INCOME TRUST
		
	By:	 	Eaton Vance Management,
		 	as Investment Advisor
		 	as Lender
		
	By:	 	 /s/ Michael B. Botthof

		 	Name:  Michael B. Botthof
		 	Title:    Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	EATON VANCE INTERNATIONAL (CAYMAN ISLANDS) FLOATING-RATE INCOME PORTFOLIO
		
	By:	 	Eaton Vance Management,
		 	as Investment Advisor
		 	as Lender
		
	By:	 	 /s/ Michael B. Botthof

		 	Name:  Michael B. Botthof
		 	Title:    Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	EATON VANCE SENIOR INCOME TRUST
		
	By:	 	Eaton Vance Management,
		 	as Investment Advisor
		 	as Lender
		
	By:	 	 /s/ Michael B. Botthof

		 	Name:  Michael B. Botthof
		 	Title:    Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	EATON VANCE SHORT DURATION DIVERSIFIED INCOME FUND
		
	By:	 	Eaton Vance Management,
		 	 as Investment Advisor
 as Lender

		
	By:	 	 /s/ Michael B. Botthof

		 	Name:  Michael B. Botthof
		 	Title:    Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	EATON VANCE INSTITUTIONAL SENIOR LOAN FUND
		
	By:	 	Eaton Vance Management,
		 	 as Investment Advisor
 as Lender

		
	By:	 	 /s/ Michael B. Botthof

		 	Name:  Michael B. Botthof
		 	Title:    Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	EATON VANCE LIMITED DURATION INCOME FUND
		
	By:	 	Eaton Vance Management,
		 	 as Investment Advisor
 as Lender

		
	By:	 	 /s/ Michael B. Botthof

		 	Name:  Michael B. Botthof
		 	Title:    Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	EATON VANCE FLOATING RATE PORTFOLIO
		
	By:	 	Boston Management and Research,
		 	 as Investment Advisor
 as Lender

		
	By:	 	 /s/ Michael B. Botthof

		 	Name:  Michael B. Botthof
		 	Title:    Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	FLORIDA POWER & LIGHT COMPANY
		
	By:	 	Eaton Vance Management,
		 	 as Investment Advisor
 as Lender

		
	By:	 	 /s/ Michael B. Botthof

		 	Name:  Michael B. Botthof
		 	Title:    Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	PACIFIC SELECT FUND FLOATING RATE LOAN PORTFOLIO
		
	By:	 	 Eaton Vance Management,
 as Investment Sub-Advisor
 as Lender

		
	By:	 	 /s/ Michael B. Botthof

		 	Name: Michael B. Botthof
		 	Title:   Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	SENIOR DEBT PORTFOLIO
		
	By:	 	 Boston Management and Research,
 as Investment
Advisor
 as Lender

		
	By:	 	 /s/ Michael B. Botthof

		 	Name: Michael B. Botthof
		 	Title:   Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	EATON VANCE VT FLOATING-RATE INCOME FUND
		
	By:	 	 Eaton Vance Management,
 as Investment
Advisor
 as Lender

		
	By:	 	 /s/ Michael B. Botthof

		 	Name: Michael B. Botthof
		 	Title:   Vice President

  
 [Forbearance Agreement
Signature Page] 

 
			
	HIGHLAND CAPITAL MANAGEMENT, L.P.,
on behalf of its and its affiliates’ advised accounts, as Lender
		
	By:	 	Strand Advisors, L.P., its general partner
		
	By:	 	 /s/ Mark Okadan

		 	Name: Mark Okadan
		 	Title:   Partner, CO-CIO

  
 [Forbearance Agreement
Signature Page] 

 
			
	OZ SPECIAL MASTER FUND, LTD.,
	as Lender
		
	By:	 	OZ Management LP, its investment manager
		
	By:	 	Och-Ziff Holding Corporation, its General Partner
		
	By:	 	 /s/ Wayne Cohen

		 	Name: Wayne Cohen
		 	Title:   President and Chief Operating Officer

  
 [Forbearance Agreement
Signature Page] 

	
	Nuveen Diversified Dividend and Income Fund
	Nuveen Floating Rate Income Fund
	Nuveen Credit Strategies Income Fund
	Nuveen Symphony Floating Rate Income Fund
	Nuveen Credit Opportunities 2022 Target Term Fund
	Nuveen Short Duration Credit Opportunities Fund
	Nuveen Floating Rate Income Opportunity Fund
	Nuveen Senior Income Fund

  

			
	 SYMPHONY ASSET MANAGEMENT LLC,

as Sub-Advisor

		
	By:	 	 /s/ Judith MacDonald

		 	Name: Judith MacDonald
		 	Title:   Authorized Signatory

  
 [Forbearance Agreement
Signature Page] 

	
	BayCity Alternative Investment Funds SICA V-SIF - BayCity US
	Senior Loan Fund
	Goldman Sachs Multi-Manager Non-Core Fixed Income Fund
	Menard, Inc.
	Municipal Employees Annuity & Benefit Fund of Chicago
	PENSIONDANMARK
	PENSIONSFORSIKRINGSAKTIESELSKAB
	Principal Funds, Inc. - Diversified Real Asset Fund
	Principal Diversified Real Asset CIT
	Symphony Floating Rate Senior Loan Fund
	BayCity Long-Short Credit Master Fund, LTD.
	BayCity Senior Loan Master Fund Ltd.
	TCI-Symphony CLO 2016-1 Ltd.

  

			
	 SYMPHONY ASSET MANAGEMENT LLC,

as Investment Advisor

		
	By:	 	 /s/ Judith MacDonald

		 	Name: Judith MacDonald
		 	Title:   Authorized Signatory

  
 [Forbearance Agreement
Signature Page] 

 BayCity Corporate Arbitrage and Relative Value Fund, L.P. 

 

			
	 SYMPHONY ASSET MANAGEMENT LLC,

as General Partner

		
	By:	 	 /s/ Judith MacDonald

		 	Name: Judith MacDonald
		 	 Title:   Chief Compliance Officer and General

Counsel

  
 [Forbearance Agreement
Signature Page] 

	
	California Street CLO IX Limited Partnership
	California Street CLO XII, Ltd.
	Symphony CLO XIV, Ltd.
	Symphony CLO XV, Ltd.
	Symphony CLO XVIII, LTD.
	Symphony CLO XIX, Ltd.

  

			
	 SYMPHONY ASSET MANAGEMENT LLC,

as Collateral Manager

		
	By:	 	 /s/ Judith MacDonald

		 	Name: Judith MacDonald
		 	Title: Chief Compliance Officer and General Counsel

  
 [Forbearance Agreement
Signature Page] 

 
			
	TAO FUND, LLC
	as Lender
		
	By:	 	 /s/ Joshua Peck

		 	Name: Joshua Peck
		 	Title:   Vice President

  
 [Forbearance Agreement
Signature Page]EX-10.3

 Exhibit 10.3 

EXECUTION DRAFT 

FORBEARANCE WITH RESPECT TO WAREHOUSE FACILITY AGREEMENTS 

This Forbearance with respect to Warehouse Facility Agreements, dated as of the Effective Date (as defined below) (this
“Forbearance”), is entered into by and among CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC (“Credit Suisse”), as Administrative Agent on behalf of Buyers (in such capacity, “Administrative
Agent”), CREDIT SUISSE AG, A COMPANY INCORPORATED IN SWITZERLAND, ACTING THROUGH ITS CAYMAN ISLANDS BRANCH (“CS Cayman”), ALPINE SECURITIZATION LTD (“Alpine” and together with CS Cayman, the “CS
Buyers”), BARCLAYS BANK PLC (“Barclays” and together with the CS Buyers, each acting in its respective capacity as purchaser or buyer, as applicable, under the applicable Repo Transaction Documents (as defined below), the
“Buyers”), BARCLAYS CAPITAL, INC., CREDIT SUISSE AG, NEW YORK BRANCH (“CS New York”), DITECH FINANCIAL LLC (“Ditech”), REVERSE MORTGAGE SOLUTIONS, INC. (“RMS”), RMS REO CS, LLC
(“CS REO Subsidiary”), RMS REO BRC, LLC (“Barclays REO Subsidiary” and, together with CS REO Subsidiary, the “REO Subsidiaries”), DITECH AGENCY ADVANCE TRUST (“DAAT”), DITECH PLS
ADVANCE TRUST II (“DPAT II”), and DITECH HOLDING CORPORATION (“Guarantor”, and together with Ditech, RMS, REO Subsidiaries, DAAT and DPAT II, the “Ditech Parties”). 

RECITALS 
 WHEREAS,
(i) Administrative Agent, Buyers and Ditech are parties to that certain Amended and Restated Master Repurchase Agreement, dated as of November 18, 2016 (as amended, restated, supplemented or otherwise modified prior to the Effective Date,
the “Ditech Exit Repurchase Agreement”), and (ii) the Guarantor is party to that certain Guaranty (as amended, restated, supplemented or otherwise modified prior to the Effective Date, the “Ditech Exit
Guaranty” and, collectively with the Ditech Exit Repurchase Agreement, and the other Program Agreements (as such term is defined in the Ditech Exit Repurchase Agreement), the “Ditech Exit Transaction Documents”), dated as
of February 9, 2018, by the Guarantor in favor of Administrative Agent for the benefit of the Buyers; 
 WHEREAS, (i) the
Administrative Agent, Buyers, RMS and REO Subsidiaries are parties to that certain Second Amended and Restated Master Repurchase Agreement, dated as of November 30, 2017 (as amended, restated, supplemented or otherwise modified prior to the
Effective Date, the “RMS Exit Repurchase Agreement”) and (ii) the Guarantor is party to that certain Guaranty (as amended, restated, supplemented or otherwise modified prior to the Effective Date, the “RMS Exit
Guaranty” collectively with the RMS Exit Repurchase Agreement and the other Program Agreements (as such term is defined in the RMS Exit Repurchase Agreement), the “RMS Exit Transaction Documents”, and, together with
the Ditech Exit Transaction Documents, the “Exit Repo Transaction Documents”), dated as of February 9, 2018, by the Guarantor in favor of Administrative Agent for the benefit of the Buyers; 

WHEREAS, (i) Barclays and RMS are parties to that certain Master Repurchase Agreement, dated as of April 23, 2018 (as amended,
restated, supplemented or otherwise modified prior to the Effective Date, the “Barclays-RMS Repurchase Agreement”) and (ii) the Guarantor is party to that certain Guaranty (as amended,
restated, supplemented or otherwise modified prior to 

 
the Effective Date, the “Barclays-RMS Guaranty” collectively with the Barclays-RMS Repurchase
Agreement and the other Program Documents (as such term is defined in the Barclays-RMS Repurchase Agreement), the “Barclays-RMS Transaction Documents”),
dated as of April 23, 2018, by the Guarantor in favor of Barclays. The Barclays-RMS Transaction Documents and the Exit Repo Transaction Documents are referred to herein collectively as the “Repo
Transaction Documents”; 
 WHEREAS, (i) Ditech and CS New York are parties to that certain Master Securities Forward
Transaction Agreement, dated as of September 24, 2018, and (ii) Ditech and Barclays Capital, Inc. (“Barclays Counterparty”, and together with CS New York, the “MSFTA Counterparties”) are parties to that
certain Master Securities Forward Transaction Agreement, dated as of May 22, 2017, between the Barclays Counterparty and Ditech, each as amended, restated, supplemented or otherwise modified as of the Effective Date, and collectively referred
to herein as the “MSFTAs”; 
 WHEREAS, Wells Fargo Bank, N.A., as indenture trustee, calculation agent, paying agent and
securities intermediary, DAAT, as issuer, Ditech, as administrator and servicer, and Credit Suisse, as administrative agent, are parties to (i) that certain Indenture, dated as of February 9, 2018, and effective as of February 12,
2018 (as amended, supplemented, or otherwise modified prior to the Effective Date, the “DAAT Indenture”) and (ii) that certain Series 2018-VF1 Indenture Supplement, dated as of
February 9, 2018, and effective as of February 12, 2018 (as amended, supplemented or otherwise modified prior to the Effective Date, the “DAAT VFN Supplement”, collectively with the DAAT Indenture and the Transaction
Documents (as defined in the DAAT Indenture), the “DAAT Transaction Documents”). CS New York and Barclays, acting solely in their capacities as Series Required Noteholders (as defined in the DAAT VFN Supplement) of the Series 2018-VF1 Notes (as defined in the DAAT VFN Supplement), are referred to herein collectively as the “DAAT VFN Noteholders”; 

WHEREAS, Wells Fargo Bank, N.A., as indenture trustee, calculation agent, paying agent and securities intermediary, DPAT II, as issuer,
Ditech, as administrator and servicer, and Credit Suisse, as administrative agent, are parties to (i) that certain Indenture, dated as of February 9, 2018, and effective as of February 12, 2018 (as amended, supplemented, or otherwise
modified prior to the Effective Date, the “DPAT II Indenture”) and (ii) that certain Series 2018-VF1 Indenture Supplement, dated as of February 9, 2018, and effective as of
February 12, 2018 (as amended, supplemented or otherwise modified prior to the Effective Date, the “DPAT II VFN Supplement”, collectively with the DPAT II Indenture and the Transaction Documents (as defined in the DPAT II
Indenture), the “DPAT II Transaction Documents”). The DAAT Transaction Documents and the DPAT II Transaction Documents are referred to herein collectively as the “Servicing Advance Facility Agreements”. The
Servicing Advance Facility Agreements, the Repo Transaction Documents and the MSFTAs are referred to herein each as a “Warehouse Facility Agreement” and collectively as the “Warehouse Facility Agreements”. CS New
York and Barclays, acting solely in their capacities as Series Required Noteholders (as defined in the DPAT II VFN Supplement) of the Series 2018-VF1 Notes (as defined in the DPAT II VFN Supplement), are
referred to herein collectively as the “DPAT II VFN Noteholders”, and together with the DAAT VFN Noteholders, the “VFN Noteholders”; 

  
 - 2 - 

 WHEREAS, (i) on December 17, 2018, the Guarantor failed to make an interest
payment (the “Specified Interest Payment”) with respect to the 9.0% Second Lien Senior Subordinated PIK Toggle Notes due 2024, issued under the indenture, dated as of February 9, 2018 (as amended, supplemented or otherwise
modified prior to the Effective Date, the “2L Indenture”) among the Guarantor, as issuer, the subsidiary guarantors party thereto (collectively, the “2L Indenture Guarantors”), and Wilmington Savings Fund Society,
FSB, as trustee and collateral agent (in such capacities, together with any successors and assigns in any such capacity, the “2L Indenture Trustee”), and (ii) the Guarantor and the 2L Indenture Guarantors anticipate continuing
to fail to make such Specified Interest Payment beyond any applicable grace period set forth in the 2L Indenture (together with any other default, event of default or similar event under instruments governing Indebtedness (as defined below) of
Guarantor or any of its Subsidiaries resulting solely from the foregoing, the “Specified Guarantor Default”); and 

WHEREAS, the parties hereto have agreed to enter into this Forbearance subject to and on the terms set forth herein. 

NOW, THEREFORE, in consideration of good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto agree as follows: 
 Section 1. Forbearances. 

(a) Each of the Administrative Agent and the Buyers acknowledges and agrees that as of the Effective Date (as defined below) and until the
termination of this Forbearance pursuant to Section 3, and notwithstanding anything to the contrary in the Repo Transaction Documents (but subject to Sections 1(d), 1(e), 3 and 4 hereof): 

(i) it shall not declare a default, event of default, acceleration event, or other similar event, in each case, with respect to
any Repo Transaction Document to which it is a party, solely based upon (x) the Specified Guarantor Default and/or (y) any related acceleration of Indebtedness resulting solely from the Specified Guarantor Default (clauses (x) and (y)
above, collectively the “Specified Defaults”); 
 (ii) it shall not accelerate debt, foreclose on property,
liquidate collateral, or otherwise commence the exercise of remedies with respect to any property, funds, or collateral held or owned pursuant to any Repo Transaction Document to which it is a party, solely based upon any Specified Default; and 

(iii) (x) it shall continue to enter into Transactions (as defined in the applicable Repo Transaction Document) with the
applicable Ditech Party in accordance with the terms of and subject to the conditions set forth in the applicable Repo Transaction Documents (as modified by the terms of this Forbearance), and (y) none of the Ditech Parties shall be required to
deliver any notice or any officer’s compliance certificate pursuant to any Repo Transaction Document to which it is a party in connection with any Specified Default. 

  
 - 3 - 

 (b) Each MSFTA Counterparty acknowledges and agrees that as of the Effective Date (as
defined below) and until the termination of this Forbearance pursuant to Section 3, and notwithstanding anything to the contrary in the MSFTAs (but subject to Sections 1(d), 1(e), 3 and 4
hereof): 
 (i) it shall not declare a default, event of default, acceleration event, or other similar event, in each case,
with respect to any MSFTA to which it is a party, solely based upon any Specified Default; 
 (ii) it shall not accelerate
debt, foreclose on property, liquidate collateral, or otherwise commence the exercise of remedies with respect to any property, funds, or collateral held or owned pursuant to any MSFTA to which it is a party, solely based upon any Specified Default;
and 
 (iii) (x) it shall continue to enter into Transactions (as defined in the applicable MSFTA) with Ditech in
accordance with the terms of and subject to the conditions set forth in the applicable MSFTA (as modified by the terms of this Forbearance), and (y) Ditech shall not be required to deliver any notice or any officer’s compliance certificate
pursuant to any MSFTA to which it is a party in connection with any Specified Default. 
 (c) Each VFN Noteholder acknowledges and agrees
that as of the Effective Date (as defined below) and until the termination of this Forbearance pursuant to Section 3, and notwithstanding anything to the contrary in the Servicing Advance Facility Agreements (but subject to
Sections 1(d), 1(e), 3 and 4 hereof): 
 (i) (x) it hereby waives any Target Amortization
Event (as defined in the DAAT VFN Supplement or the DPAT II VFN Supplement, as applicable) solely arising from any Specified Default and (y) it shall not declare any Event of Default (as defined in the DAAT Indenture or the DPAT II Indenture,
as applicable), acceleration event, or other similar event, in each case, with respect to any Servicing Advance Facility Agreement, solely based upon any Specified Default; 

(ii) it shall not accelerate debt, foreclose on property, liquidate collateral, or otherwise commence the exercise of remedies
under any Servicing Advance Facility Agreement, solely based upon any Specified Default; and 
 (iii) (x) it shall
continue to fund VFN Draws (as defined in the DAAT Indenture and the DPAT II Indenture, as applicable) in accordance with the terms of and subject to the conditions set forth in the applicable Servicing Advance Facility Agreements (as modified by
the terms of this Forbearance), and (y) none of the Ditech Parties shall be required to deliver any notice or any officer’s compliance certificate pursuant to any Servicing Advance Facility Agreement to which it is a party in connection
with any Specified Default. 
 (d) Notwithstanding anything to the contrary in this Section 1, in no event shall
any waiver, forbearance or other agreement set forth in Section 1(a), 1(b) or 1(c) apply to any indebtedness (including any warehouse, credit, repurchase, line of credit, financing, derivative, hedging or
forward sale agreements or other Indebtedness or obligation) in respect of which the holders, or an agent, trustee or other representative of the holders, have commenced the exercise of remedies (i) against any assets constituting or
contemplated to be Collateral (as defined below), or (ii) in a manner that is materially adverse to the rights, claims or interests of any of the Secured Parties (as defined below). 

  
 - 4 - 

 (e) Notwithstanding anything to the contrary herein, this Forbearance shall not, and shall
not be construed to, obligate (i) the Administrative Agent or any Buyer to enter into any Transaction (as defined in the applicable Repo Transaction Document), (ii) any MSFTA Counterparty to enter into any Transaction (as defined in the
applicable MSFTA) or (iii) any VFN Noteholder to fund any VFN Draw (as defined in the DAAT Indenture and the DPAT II Indenture, as applicable), in each such case, on or after the date on which this Forbearance terminates in accordance with
Section 3. 
 Section 2. Conditions to Effectiveness of Forbearance. This Forbearance shall become effective as of 11:59
p.m. (EST) on January 16, 2019 (the “Effective Date”) upon: 
 (a) the Buyers having received this Forbearance executed
and delivered by the parties hereto; and 
 (b) the Guarantor having received a forbearance with substantially the same effect as
Section 1(a)(ii) of this Forbearance relating to the Specified Guarantor Default and/or any related acceleration of indebtedness resulting solely therefrom with respect to that certain Second Amended and Restated Credit
Agreement, dated as of February 9, 2018, by and among the Guarantor, as borrower, CS Cayman, as administrative agent and collateral agent, and the lenders from time to time party thereto. 

Section 3. Termination. This Forbearance shall terminate and the waivers herein shall be void, in each case, automatically,
immediately and without further action upon the earliest to occur of the following, it being expressly agreed that the effect of such termination will be to permit each of the Secured Parties (as defined below) to exercise any rights, remedies,
powers and privileges it may have immediately: 
 (a) termination of the forbearance referred to in Section 2(b)
above, 
 (b) 11:59 p.m. (EST) on February 8, 2019, 

(c) any of the holders, or an agent, trustee or other representative of the holders, of any indebtedness (including any warehouse, credit,
repurchase, line of credit, financing, derivative, hedging or forward sale agreements or other Indebtedness or obligation) or any other creditor shall have commenced the exercise of remedies (x) against any assets constituting or contemplated
to be Collateral or (y) in a manner that is materially adverse to the rights, claims or interests of any of the Secured Parties as determined by any Buyer in its reasonable discretion, 

(d) the failure by any Ditech Party to comply with any of the representations or warranties contained in Section 5,
or if the substance of such representation or warranty is inaccurate, 
 (e) the 2L Indenture Trustee or any holder of notes issued pursuant
to the 2L Indenture takes any action in violation of that certain First/Second Lien Intercreditor Agreement, dated as of February 9, 2018, among CS Cayman, as senior collateral agent, and the 2L Indenture Trustee, as junior collateral agent, as
amended and in effect on the date hereof, 

  
 - 5 - 

 (f) any Specified Governmental Authority (as defined below) shall have taken any action in
the nature of enforcement in connection with the Specified Guarantor Default, solely to the extent that such action would rise to the level of, or otherwise result in, an “Event of Default” under, and as defined in, any Warehouse Facility
Agreement or an event that with notice or lapse of time or both would become an “Event of Default”, and 
 (g) any Ditech Party or
Affiliate thereof shall have received any notice from any Specified Governmental Authority revoking or suspending any approval relating to any Collateral, solely to the extent that the effect of such notice, revocation or suspension would rise to
the level of, or otherwise result in, an “Event of Default” under, and as defined in, any Warehouse Facility Agreement or an event that with notice or lapse of time or both would become an “Event of Default”; 

provided that Sections 4, 5, 7, 8, 9, and 10 shall survive, notwithstanding such termination. 

Section 4. Reservation of Rights; Effect and Construction of Agreement. 

(a) Except as expressly provided for in Section 1 of this Forbearance, (i) the Warehouse Facility Agreements
shall continue to be, and shall remain, in full force and effect in accordance with their terms, (ii) nothing in this Forbearance and no delay or failure of Administrative Agent, any Buyer, any MSFTA Counterparty, the VFN Noteholders or
Barclays, CS Cayman or any of their respective Affiliates (collectively, the “Secured Parties”) in any other capacity under any Warehouse Facility Agreement in exercising (or any single or partial exercise of) any right, remedy,
power or privilege pursuant to any Warehouse Facility Agreement should, or shall, be construed as a waiver of, or otherwise preclude any other or further exercise of, any of their respective rights, remedies, powers or privileges under any Warehouse
Facility Agreement, and (iii) each of the Secured Parties reserves, and has not waived, its rights to exercise, in its sole discretion, any or all of its rights, remedies, powers and privileges under the respective Warehouse Facility Agreements
to which such Secured Party is a party or by which it is bound. 
 (b) This Forbearance shall not be construed to impair the validity,
perfection, or priority of any lien, encumbrance or security interest securing any obligations under any Warehouse Facility Agreement. Except to the extent expressly provided in Section 1, the terms and conditions of the
Warehouse Facility Agreement shall remain unchanged and in full force and effect, and each of the Secured Parties expressly reserves the right to require strict compliance with the terms of the respective Warehouse Facility Agreements to which such
Secured Party is a party or by which it is bound. Each party hereto acknowledges that the terms of this Forbearance shall not constitute a course of dealing among any of the persons or entities party hereto or from time to time party to any of the
Warehouse Facility Agreements. The forbearance set forth in Section 1 shall be limited precisely as written and relate solely to the Specified Default in the manner and to the extent described in
Section 1. 
 (c) In entering into this Forbearance, each of the Ditech Parties acknowledges that it is relying on
no statement, representation, warranty, covenant, or agreement of any kind made by any Secured Party, except for the agreements of the Secured Parties expressly set forth herein. 

  
 - 6 - 

 (d) This Forbearance constitutes the entire agreement between the parties hereto relating to
the subject matter hereof, and supersedes any prior oral or written proposals, negotiations, agreements, and understandings relating to such subject matter. 

(e) This Forbearance does not constitute an acknowledgement by any Ditech Party or any of their Affiliates that the Specified Guarantor Default
will occur or would result in a default, event of default, acceleration event, amortization event or other similar event under any Warehouse Facility Agreement, and each of the Ditech Parties hereby reserves all of its rights under each Warehouse
Facility Agreement in connection therewith. 
 Section 5. Representations. Each Ditech Party, on behalf of itself and its
Subsidiaries, hereby represents and warrants that as of the date of this Forbearance it has not agreed with any creditor(s) of Indebtedness of any Ditech Party (or Indebtedness of any Subsidiary of any Ditech Party) to: (i) pay any structuring
fee, upfront fee or waiver fee (in each case, howsoever described or denominated), (ii) increase any existing upfront fee or structuring fee (in each case, howsoever described or denominated), or (iii) increase any existing applicable interest
margin (howsoever described or denominated), in each case, as consideration for this Forbearance or any other forbearance, waiver, amendment, modification, consent or similar contractual arrangement providing for relief from the Specified Default.

 Section 6. Counterparts. This Forbearance may be executed in any number of counterparts and by different parties hereto on
separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument. Delivery of an executed counterpart of a signature page of this
Forbearance by facsimile or any other electronic transmission shall be effective as delivery of a manually executed counterpart hereof. 

Section 7. Applicable Law; Jurisdiction; Waiver of Jury Trial.  

(a) THIS FORBEARANCE, AND ALL MATTERS ARISING OUT OF OR RELATING TO THIS FORBEARANCE, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE INTERNAL LAW OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO THE CHOICE OF LAW PROVISIONS THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS
LAW), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HERETO SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAW.  
 (b)
SECTION 10.11(B) OF THE ADMINISTRATION AGREEMENT IS HEREBY INCORPORATED BY REFERENCE INTO THIS FORBEARANCE AND SHALL APPLY AS IF FULLY SET FORTH HEREIN MUTATIS MUTANDIS. 

Section 8. Headings. The headings of this Forbearance are for purposes of reference only and shall not limit or otherwise affect
the meaning hereof. 

  
 - 7 - 

 Section 9. Benefit of Agreement. This Forbearance shall be binding upon and
inure to the benefit of and be enforceable by the parties hereto, their respective successors and permitted assigns. No other Person shall be entitled to claim any right or benefit hereunder, including, without limitation, the status of a
third-party beneficiary of this Forbearance. 
 Section 10. Certain Definitions. Capitalized terms used but not defined herein
shall have the meanings assigned to such terms in the Administration Agreement (as defined below). As used herein, the following terms shall have the following meanings: 

(a) “Administration Agreement” means that certain Master Administration Agreement, dated as of November 30, 2017 but
effective as of the Amendment Effective Date (as defined therein), by and among the Administrative Agent, the Buyers party thereto and the Ditech Parties party thereto, as amended by Amendment No. 1, dated as of February 12, 2018, as
further amended, restated, modified and/or supplemented from time to time. 
 (b) “Collateral” means, collectively,
(i) the “Repurchase Assets” (as defined in any Repo Transaction Document), (ii) the collateral under the Netting Agreement, (iii) “Collateral” (as defined in any Servicing Advance Facility Agreement), and (iv) all other
assets of any Ditech Party subject to any lien, encumbrance or security interest securing any obligations under any Warehouse Facility Agreement. 

(c) “Indebtedness” means any warehouse, credit, repurchase, line of credit, financing, derivative, hedging or forward sale
agreements or other Indebtedness (as defined in the Ditech Exit Repurchase Agreement). 
 (d) “Specified Governmental
Authority” means any of Ginnie Mae, Fannie Mae, Freddie Mac, the U.S. Department of Housing and Urban Development, or the Federal Housing Administration or any person, agency or entity acting or purporting to act under governmental
authority on behalf of any of the foregoing. 
 [Remainder of page intentionally left blank.] 

  
 - 8 - 

 IN WITNESS WHEREOF, the parties hereto have caused this Forbearance to be executed and
delivered by their respective duly authorized signatories as of the date first above written. 
  

			
	 CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC, as Administrative
Agent

		
	By:	 	 /s/ Kwaw de Graft-Johnson

	Name: Kwaw de Graft-Johnson
	Title:   Vice President
	
	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Buyer

		
	By:	 	 /s/ Kwaw de Graft-Johnson

	Name: Kwaw de Graft-Johnson
	Title:   Authorized Signatory
		
	By:	 	 /s/ Kenneth Aiani

	Name: Kenneth Aiani
	Title:   Authorized Signatory
	
	 ALPINE SECURITIZATION LTD, as a Buyer, by Credit Suisse AG, New York Branch as Attorney-in-Fact

		
	By:	 	 /s/ Kenneth Aiani

	Name: Kenneth Aiani
	Title:   Authorized Signatory
		
	By:	 	 /s/ Elie Chau

	Name: Elie Chau
	Title:   Authorized Signatory

  
 [SIGNATURE
PAGE TO FORBEARANCE] 

 
			
	 CREDIT SUISSE AG, NEW YORK BRANCH, as MSFTA Counterparty

		
	By:	 	 /s/ Kenneth Aiani

	Name: Kenneth Aiani
	Title:   Authorized Signatory
	
	 CREDIT SUISSE AG, NEW YORK BRANCH, as Series Required Noteholder of the Series 2018-VF1 Notes (as such terms are defined in the DAAT VFN Supplement and the DPAT II VFN Supplement)

		
	By:	 	 /s/ Elie Chau

	Name: Elie Chau
	Title:   Authorized Signatory

  
 [SIGNATURE
PAGE TO FORBEARANCE] 

 
			
	BARCLAYS CAPITAL, INC., 
	 as MSFTA Counterparty

		
	By:	 	 /s/ Joseph O’Doherty

	Name: Joseph O’Doherty
	Title:   Managing Director
	
	BARCLAYS BANK PLC, as Buyer
		
	By:	 	 /s/ Joseph O’Doherty

	Name: Joseph O’Doherty
	Title:   Managing Director
	
	 BARCLAYS BANK PLC, as Series Required Noteholder of the Series 2018-VF1 Notes (as such terms are defined in the DAAT VFN Supplement and the DPAT II VFN Supplement)

		
	By:	 	 /s/ Joseph O’Doherty

	Name: Joseph O’Doherty
	Title:   Managing Director

  
 [SIGNATURE
PAGE TO FORBEARANCE] 

 
			
	DITECH FINANCIAL LLC, as a Seller Party
		
	By:	 	 /s/ Joanna Colaneri

	Name: Joanna Colaneri
	Title:   Treasurer
	
	 REVERSE MORTGAGE SOLUTIONS, INC., as a Seller Party

		
	By:	 	 /s/ Andrew G. Dokos

	        Name: Andrew G. Dokos
	        Title:   Vice President
	
	RMS REO CS, LLC, as a Seller Party
		
	By:	 	 /s/ Andrew G. Dokos

	        Name: Andrew G. Dokos
	        Title:   Vice President
	
	RMS REO BRC, LLC, as a Seller Party
		
	By:	 	 /s/ Andrew G. Dokos

	        Name: Andrew G. Dokos
	        Title:   Vice President
	
	 DITECH HOLDING CORPORATION, as Guarantor

		
	By:	 	 /s/ Joanna Colaneri

	Name: Joanna Colaneri
	Title:   Treasurer

  
 [SIGNATURE
PAGE TO FORBEARANCE] 

 
			
	 DITECH AGENCY ADVANCE TRUST, as Issuer

	
	By: Ditech Financial LLC, as administrator
		
	By:	 	 /s/ Joanna Colaneri

	Name: Joanna Colaneri
	Title:   Treasurer
	
	 DITECH PLS ADVANCE TRUST II, as Issuer

	
	By: Ditech Financial LLC, as administrator
		
	By:	 	 /s/ Joanna Colaneri

	Name: Joanna Colaneri
	Title:   Treasurer

  
 [SIGNATURE
PAGE TO FORBEARANCE]

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