SEC Contract Filing

Filing Date: 2017-11-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.46
<SEQUENCE>7
<FILENAME>nrz-2017930xexhibit1046.htm
<DESCRIPTION>EXHIBIT 10.46
<TEXT>
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<div><a name="sE85140246302C892C0A66E787F8508B5"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.46</font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">LETTER AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">LETTER AGREEMENT</font><font style="font-family:inherit;font-size:10pt;">&#32;(this &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">AGREEMENT</font><font style="font-family:inherit;font-size:10pt;">&#8221;), entered into on this August 28, 2017, is by and among </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NEW RESIDENTIAL INVESTMENT CORP</font><font style="font-family:inherit;font-size:10pt;">., a Delaware corporation (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NEW RESIDENTIAL</font><font style="font-family:inherit;font-size:10pt;">&#8221;), </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NEW RESIDENTIAL MORTGAGE LLC</font><font style="font-family:inherit;font-size:10pt;">, a Delaware limited liability company (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NRM</font><font style="font-family:inherit;font-size:10pt;">&#8221;), in each case, whose principal address is 1345 Avenue of the Americas, 45th Floor, New York, NY 10105, </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">REALHOME SERVICES AND SOLUTIONS, INC.</font><font style="font-family:inherit;font-size:10pt;">, a Florida corporation, (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RHSS</font><font style="font-family:inherit;font-size:10pt;">&#8221;), whose principal address is 1000 NE Abernathy Road, Atlanta, GA 30348, </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">REALHOME SERVICES AND SOLUTIONS - CT, INC.</font><font style="font-family:inherit;font-size:10pt;">, a Connecticut corporation (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RHSSCT</font><font style="font-family:inherit;font-size:10pt;">&#8221;), whose principal address is 1000 NE Abernathy Road, Atlanta, GA 30348, and </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ALTISOURCE SOLUTIONS S.&#224;. r.l.</font><font style="font-family:inherit;font-size:10pt;">, a Luxembourg soci&#233;t&#233; &#224; responsabilit&#233; limit&#233;e, a private limited liability company (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ALTISOURCE</font><font style="font-family:inherit;font-size:10pt;">&#8221;), whose principal address is 40, avenue Monterey 40, Avenue Monterey, L-2163 Luxembourg.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RECITALS</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:0px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">I.</font><font style="font-family:inherit;font-size:10pt;">NRM intends to become the owner of servicing rights to certain residential mortgage loans secured by real property that has been, or may in the future be, foreclosed, resulting in real estate owned (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">REO</font><font style="font-family:inherit;font-size:10pt;">&#8221;) by a trust and held for the benefit of mortgage loan investors;</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:0px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">II.</font><font style="font-family:inherit;font-size:10pt;">NRM, as the owner of mortgage servicing rights, may have the legal and contractual right to market and sell certain REO properties on behalf of the applicable trusts (the REO properties that NRZ (as defined herein) has the contractual right to market and sell shall be referred to herein as the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">REO Properties</font><font style="font-family:inherit;font-size:10pt;">&#8221;); </font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:0px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">III.</font><font styl