(for DHI Mortgage Company, Ltd.)
as Administrative Agent and a Buyer,
as Syndication Agent and a Buyer,
and
AS LEAD ARRANGER AND SOLE BOOKRUNNER
MASTER REPURCHASE AGREEMENT | 1 | |||||||
1 | APPLICABILITY AND DEFINED TERMS | 1 | ||||||
1.1. | Applicability | 1 | ||||||
1.2. | Defined Terms | 2 | ||||||
1.3. | Other Definitional Provisions | 31 | ||||||
2 | THE BUYERS’ COMMITMENTS | 31 | ||||||
2.1. | The Buyers’ Commitments to Purchase | 31 | ||||||
2.2. | Expiration or Termination of the Commitments | 32 | ||||||
2.3. | Request for Increase in Maximum Aggregate Commitment | 32 | ||||||
2.4. | Swing Line Commitment | 33 | ||||||
2.5. | Swing Line Transactions | 33 | ||||||
2.6. | Optional Reduction or Termination of Buyers’ Commitments | 34 | ||||||
3 | INITIATION; REQUEST/CONFIRMATION; TERMINATION | 34 | ||||||
3.1. | Seller Request; Administrative Agent Confirmation | 34 | ||||||
3.2. | Syndication of Purchases | 35 | ||||||
3.3. | Request/Confirmation | 37 | ||||||
3.4. | Transaction Termination; Purchase Price Decrease | 37 | ||||||
3.5. | Place for Payments of Repurchase Prices | 38 | ||||||
3.6. | If Repurchase Price Not Paid | 38 | ||||||
3.7. | Transfer of Existing Mortgage Loan Portfolio | 38 | ||||||
3.8. | Closing of Portfolio Sale | 38 | ||||||
3.9. | Delivery of Additional Mortgage Loans | 39 | ||||||
3.10. | Application of Repurchase Price Payments | 39 | ||||||
4 | TRANSACTION LIMITS AND SUBLIMITS | 40 | ||||||
4.1. | Transaction Limits | 40 | ||||||
4.2. | Transaction Sublimits | 40 | ||||||
5 | PRICE DIFFERENTIAL | 41 | ||||||
5.1. | Pricing Rate | 41 | ||||||
5.2. | Seller’s Election of Pricing Rate | 41 | ||||||
5.3. | Seller’s Re-election of the Pricing Rate | 41 | ||||||
5.4. | Balances Deficiency Fees | 41 | ||||||
5.5. | Pricing Rate for Past Due Purchased Loans | 42 | ||||||
5.6. | Price Differential Payment Due Dates | 42 | ||||||
6 | MARGIN MAINTENANCE | 42 | ||||||
6.1. | Margin Deficit | 42 | ||||||
6.2. | Margin Call Deadline | 43 | ||||||
6.3. | Application of Cash | 43 | ||||||
6.4. | Increased Cost | 43 | ||||||
6.5. | Capital Adequacy | 44 |
-i-
6.6. | Administrative Agent’s Report | 44 | ||||||
6.7. | Provisions Relating to LIBOR Rate Tranches and Balance Funded Rate Tranches | 44 | ||||||
7 | TAXES | 45 | ||||||
7.1. | Payments to be Free of Taxes; Withholding | 45 | ||||||
7.2. | Other Taxes | 45 | ||||||
7.3. | Taxes Indemnity | 46 | ||||||
7.4. | Receipt | 46 | ||||||
7.5. | Non-Exempt Buyer | 46 | ||||||
7.6. | If Buyer Fails to Provide Form | 48 | ||||||
7.7. | Survival | 48 | ||||||
8 | INCOME AND ESCROW PAYMENTS; CONTROL | 48 | ||||||
9 | FACILITY FEE; ADMINISTRATIVE AGENT’S FEE | 49 | ||||||
9.1. | Facility Fee | 49 | ||||||
9.2. | Administrative Agent’s Fee | 50 | ||||||
9.3. | Arranger’s Fee | 50 | ||||||
10 | SECURITY INTEREST | 50 | ||||||
10.1. | Intent of the Parties | 50 | ||||||
(f) | Proceeds. all proceeds of all the foregoing | 52 | ||||||
11 | SUBSTITUTION | 52 | ||||||
11.1. | Seller May Substitute Other Mortgage Loans with Notice to and Approval of Administrative Agent | 52 | ||||||
11.2. | Payment to Accompany Substitution | 53 | ||||||
12 | PAYMENT AND TRANSFER | 53 | ||||||
12.1. | Immediately Available Funds; Notice to Custodian | 53 | ||||||
12.2. | Payments to the Administrative Agent | 53 | ||||||
12.3. | If Payment Not Made When Due | 54 | ||||||
12.4. | Payments Valid and Effective | 54 | ||||||
12.5. | Pro Rata Distribution of Payments | 54 | ||||||
13 | SEGREGATION OF DOCUMENTS RELATING TO PURCHASED LOANS | 54 | ||||||
14 | CONDITIONS PRECEDENT | 55 | ||||||
14.1. | Initial Purchase | 55 | ||||||
14.2. | Each Purchase | 57 | ||||||
15 | REPRESENTATIONS, WARRANTIES AND COVENANTS | 59 | ||||||
15.1. | Buyers, Administrative Agent and Seller Representations | 59 | ||||||
15.2. | Additional Seller Representations | 59 | ||||||
15.3. | Special Representations Relating to the Purchased Loans | 64 | ||||||
15.4. | Survival | 64 |
-ii-
16 | AFFIRMATIVE COVENANTS | 64 | ||||||
16.1. | Weekly Market Analysis Report | 64 | ||||||
16.2. | Office of Foreign Assets Control and USA Patriot Act | 65 | ||||||
16.3. | Financial Statements | 65 | ||||||
16.4. | Financial Statements Will Be Accurate | 66 | ||||||
16.5. | Other Reports | 67 | ||||||
16.6. | Maintain Existence and Statuses; Conduct of Business | 68 | ||||||
16.7. | Compliance with Applicable Laws | 68 | ||||||
16.8. | Inspection of Properties and Books; Protection of Seller’s Proprietary Information; Buyers’ Due Diligence of Seller | 68 | ||||||
16.9. | Privacy of Customer Information | 70 | ||||||
16.10. | Notice of Suits, Etc. and Notice | 71 | ||||||
16.11. | Payment of Taxes, Etc. | 72 | ||||||
16.12. | Insurance; fidelity bond | 72 | ||||||
16.13. | Maintain Lien on Mortgaged Premises | 73 | ||||||
16.14. | Subordination of Certain Indebtedness | 73 | ||||||
16.15. | Certain Debt to Remain Unsecured | 73 | ||||||
16.16. | Promptly Correct Escrow Imbalances | 73 | ||||||
16.17. | MERS Covenants | 73 | ||||||
16.18. | Special Affirmative Covenants Concerning Purchased Loans | 74 | ||||||
16.19. | Coordination with Other Lenders/Repo Purchasers and Their Custodians | 75 | ||||||
16.20. | Hedge Investments in Mortgage Loans | 75 | ||||||
17 | NEGATIVE COVENANTS | 76 | ||||||
17.1. | No Merger | 76 | ||||||
17.2. | Limitation on GAAP Indebtedness and Contingent Indebtedness | 76 | ||||||
17.3. | Business | 76 | ||||||
17.4. | Liquidations, Dispositions of Substantial Assets | 77 | ||||||
17.5. | Loans, Advances, and Investments | 77 | ||||||
17.6. | Use of Proceeds | 78 | ||||||
17.7. | Transactions with Affiliates | 78 | ||||||
17.8. | Liens | 78 | ||||||
17.9. | ERISA Plans | 78 | ||||||
17.10. | Change of Principal Office; Fiscal Year | 78 | ||||||
17.11. | Distributions | 78 | ||||||
17.12. | Tangible Net Worth | 78 | ||||||
17.13. | Tangible Net Worth Ratio | 78 | ||||||
17.14. | Net Income | 78 | ||||||
17.15. | Liquidity | 79 | ||||||
17.16. | Special Negative Covenants Concerning Purchased Loans | 79 | ||||||
17.17. | No Changes in Accounting Practices | 79 | ||||||
18 | EVENTS OF DEFAULT; EVENT OF TERMINATION | 79 | ||||||
18.1. | Events of Default | 79 | ||||||
18.2. | Transaction Termination | 81 | ||||||
18.3. | Termination by the Administrative Agent | 81 | ||||||
18.4. | Remedies | 81 |
-iii-
18.5. | Liability for Expenses and Damages | 82 | ||||||
18.6. | Liability for Interest | 82 | ||||||
18.7. | Other Rights | 82 | ||||||
18.8. | Exercise of Remedies | 83 | ||||||
18.9. | Seller’s Repurchase Rights | 83 | ||||||
18.10. | Sale of Purchased Loans | 83 | ||||||
19 | SERVICING OF THE PURCHASED LOANS | 83 | ||||||
19.1. | Servicing Released Basis | 83 | ||||||
19.2. | Servicing and Subservicing | 84 | ||||||
19.3. | Escrow Payments | 84 | ||||||
19.4. | Escrow and Income after Event of Default | 84 | ||||||
19.5. | Servicing Records | 84 | ||||||
19.6. | Subservicer Instruction Letter | 85 | ||||||
19.7. | Termination of Servicing | 85 | ||||||
19.8. | Notice from Seller | 85 | ||||||
19.9. | Seller Remains Liable | 86 | ||||||
19.10. | Backup Servicer | 86 | ||||||
19.11. | Successor Servicer | 86 | ||||||
20 | PAYMENT OF EXPENSES; INDEMNITY | 87 | ||||||
20.1. | Expenses | 87 | ||||||
20.2. | Indemnity | 88 | ||||||
21 | SINGLE AGREEMENT | 88 | ||||||
22 | RELATIONSHIPS AMONG THE ADMINISTRATIVE AGENT AND THE BUYERS | 88 | ||||||
22.1. | Administrative Agent’s Duties | 88 | ||||||
22.2. | Limitation on Duty to Disclose | 89 | ||||||
22.3. | Actions Requiring All Buyers’ Consent | 89 | ||||||
22.4. | Actions Requiring Required Buyers’ Consent | 90 | ||||||
22.5. | Administrative Agent’s Discretionary Actions | 91 | ||||||
22.6. | Buyers’ Cooperation | 91 | ||||||
22.7. | Buyers’ Sharing Arrangement | 91 | ||||||
22.8. | Buyers’ Acknowledgment | 92 | ||||||
22.9. | Administrative Agent and Syndication Agent Market Value Determinations | 92 | ||||||
22.10. | Administrative Agent’s Representations to Buyers | 93 | ||||||
22.11. | Administrative Agent’s Duty of Care, Express Negligence Waiver and Release | 93 | ||||||
22.12. | Syndication Agent’s Duty of Care; Express Negligence Waiver and Release; merger | 94 | ||||||
22.13. | Calculations of Shares of Principal and Other Sums | 94 | ||||||
22.14. | Resignation or Removal of the Administrative Agent | 94 | ||||||
22.15. | Effective Date of Resignation of the Administrative Agent | 95 | ||||||
22.16. | Successor Administrative Agent | 95 | ||||||
22.17. | Merger of the Administrative Agent | 95 | ||||||
22.18. | Participation; Assignment | 96 |
-iv-
22.19. | The Administrative Agent and the Buyers are the only Beneficiaries of this Section | 98 | ||||||
23 | NOTICES AND OTHER COMMUNICATIONS | 98 | ||||||
24 | MISCELLANEOUS | 100 | ||||||
24.1. | Further Assurances | 100 | ||||||
24.2. | Administrative Agent as Attorney in Fact | 100 | ||||||
24.3. | Wires to Seller | 100 | ||||||
24.4. | Wires to Administrative Agent | 101 | ||||||
24.5. | Receipt; Available Funds | 101 | ||||||
25 | ENTIRE AGREEMENT; SEVERABILITY | 101 | ||||||
26 | NON-ASSIGNABILITY; TERMINATION | 101 | ||||||
26.1. | Limited Assignment | 101 | ||||||
26.2. | Remedies Exception | 101 | ||||||
26.3. | Agreement Termination | 101 | ||||||
27 | COUNTERPARTS | 102 | ||||||
28 | GOVERNING LAW, JURISDICTION AND VENUE | 102 | ||||||
29 | WAIVER OF JURY TRIAL | 102 | ||||||
30 | RELATIONSHIP OF THE PARTIES | 103 | ||||||
31 | NO WAIVERS, ETC | 103 | ||||||
32 | USE OF EMPLOYEE PLAN ASSETS | 104 | ||||||
32.1. | Prohibited Transactions | 104 | ||||||
32.2. | Audited Financial Statements Required | 104 | ||||||
32.3. | Representations | 104 | ||||||
33 | INTENT | 104 | ||||||
33.1. | Transactions are Repurchase Agreements and Securities Contracts | 104 | ||||||
33.2. | Contractual Rights, Etc. | 105 | ||||||
33.3. | FDIA | 105 | ||||||
33.4. | Master Netting Agreement | 105 | ||||||
34 | DISCLOSURE RELATING TO CERTAIN FEDERAL PROTECTIONS | 105 | ||||||
34.1. | Parties not Protected by SIPA or Insured by FDIC or NCUSIF | 105 | ||||||
34.2. | SIPA Does Not Protect Government Securities Broker or Dealer Counterparty | 105 | ||||||
34.3. | Transaction Funds Are Not Insured Deposits | 105 | ||||||
35 | USA PATRIOT ACT NOTIFICATION | 105 | ||||||
Company Contacts: | 105 |
-v-
Exhibit A | Form of Request/Confirmation | |
Exhibit B | Opinions Required for Opinion of Counsel to Seller | |
Exhibit C | Form of Officer’s Certificate with Computations to Show Compliance or Non-Compliance with Certain Financial Covenants | |
Exhibit D | List of Restricted Subsidiaries of the Seller as of the Effective Date | |
Exhibit E | Form of Corporation Tax Treatment Certificate | |
Exhibit F | Assignment and Assumption | |
Schedule AI | Approved Investors | |
Schedule AR | Authorized Seller Representatives List Effective as of March 27, 2008 | |
Schedule BC | The Buyers’ Committed Sums | |
Schedule BP | List of Basic Papers | |
Schedule DQ | Disqualifiers | |
Schedule EL | Eligible Loans | |
Schedule SSF | Seller’s Underwriting Guidelines for Single-family Loans | |
Schedule 15.2(f) | Material Adverse Changes and Contingent Liabilities | |
Schedule 15.2(g) | Pending Litigation | |
Schedule 15.2(o) | Existing Liens | |
Schedule 15.2(q) | Seller’s Plans | |
Schedule 15.3 | Special Representations and Warranties with Respect to each Purchased Loan | |
Schedule 16.1 | Market Analysis Report | |
Schedule 23 | Buyers’ Addresses for Notice as of March 27, 2008 |
-vi-
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
ABA number 091000022
Attention: Mortgage Banking Services
Account No. 104756234365
For Credit to: DHI Mortgage Company, Ltd.
35
36
37
800 Nicollet Mall
Minneapolis, MN 55402
ABA number 091000022
For Credit Account No. 104756234365
For credit to: DHI Mortgage Company, Ltd. Repurchase Settlement Account
38
39
Maximum percentage of | ||||||
Type of Purchased | Maximum Aggregate | |||||
Loan | Commitment | Name of Sublimit | ||||
Jumbo Mortgage Loans | 10%* | “Jumbo Mortgage Loans Sublimit” | ||||
Super Jumbo Mortgage Loans | 5%* | “SuperJumbo Mortgage Loans Sublimit” | ||||
Second Lien Loans/HELOCs (collectively) | 5%* | “Second Lien Loan/HELOC Sublimit” | ||||
Alt-A Agency Loans | 15% | “Alt-A Agency Loans Sublimit” | ||||
Alt-A Non-Agency Loans | 5%* (provided that Alt-A Agency Loans and Alt-A Non-Agency Loans collectivley shall not exceed 15%) | “Alt-A Non-Agency Loans Sublimit” | ||||
Agency Eligible Non-owner Occupied Loans | 5% | “Agency-eligible Non-owner Occupied Loans Sublimit” | ||||
Agency-eligible Forty Year Loans | 5% | “Agency-eligible Forty Year Loans Sublimit” |
* | Notwithstanding the Sublimits set forth in the table above in the column “Maximum Aggregate Commitment” the Aggregate Outstanding Purchase Price outstanding for all Jumbo, Super Jumbo Mortgage Loans, Alt-A Non-Agency Loans, Second Lien Loans and HELOCS shall not at any time exceed ten (10) percent of the Maximum Aggregate Commitment. |
40
41
42
43
44
45
46
47
48
49
50
51
52
800 Nicollet Mall
Minneapolis, MN 55402
ABA number 091000022
Attention: Mortgage Banking Services
Account number. 104756234365
For Credit — DHI Mortgage Company, Ltd. Repurchase Settlement Account
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
12357 Riata Trace Parkway, Suite C150
Austin, Texas 78727
Attention: Mark Winter
Telephone:
Fax:
email:
800 Nicollet Mall
Mail Station: BC-MN-H03B
Minneapolis, MN 55402
Attention:
Telephone:
Fax:
email:
717 Travis, 6th Floor North
Houston, Texas 77002 (for messenger deliveries)
P.O. Box 2558
Houston, Texas 77252 (for mail deliveries)
Attention: Stephanie K. Rudd, Managing Director
Corporate Mortgage Finance Group
Telephone: 713-216-5442
email: stephanie.k.rudd@chase.com
Telephone: 713-750-7911
Fax: 713-427-6453
email: sharon.p.craft@jpmchase.com
99
ABA No.: 091000022
Account: DHI Mortgage Company, Ltd.
Account No.: 104790245344
100
ABA number: 091000022
Attention: Mortgage Banking Services
Account No. 104756234365
DHI Mortgage Company, Ltd. Repurchase Settlement Account
101
102
103
104
105
DHI MORTGAGE COMPANY, LTD, as Seller and Servicer | ||||||
By: DHI Mortgage Company GP, Inc. | ||||||
Its General Partner | ||||||
By: | /s/Mark C. Winter | |||||
Title: Mark C. Winter | ||||||
Date: March 26, 2008 |
U.S. BANK NATIONAL ASSOCIATION As Administrative Agent and a Buyer | ||||||
By: | /s/Edwin D. Jenkins | |||||
Title: Senior Vice President | ||||||
Date: | ||||||
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Syndication Agent and as a Buyer | ||||
By: | /s/Stephanie K. Rudd | |||
Title: Stephanie K. Rudd | ||||
Date: Managing Director | ||||
BANK OF AMERICA, N.A., as a Buyer | ||||
By: | /s/Paula Laesch | |||
Name: | Paula Laesch | |||
Title: | Vice President | |||
LLOYDS TSB BANK PLC, as a Buyer | ||||
By: | /s/Christine Chandradat | |||
Name: | Christine Chandradat | |||
Title: | Associate Director C012 | |||
By: | /s/Amy Vespasiano | |||
Name: | Amy Vespasiano | |||
Title: | Managing Director V024 | |||
COMERICA BANK, as a Buyer | ||||
By: | /s/Robert W. Marr | |||
Name: | Robert W. Marr | |||
Title: | Vice President | |||
TO Master Repurchase Agreement
To: | From: | |
U.S. Bank National Association., Administrative Agent | DHI Mortgage Company, Ltd. | |
800 Nicollet Mall | 12357 Riata Trace Parkway | |
Mortgage Banking Services BC-MN-H03B | Suite C-150 | |
Minneapolis, MN 55402 | Austin, TX 78727 | |
Attention: Brian Watson | ||
Attention: Lisa Price | ||
Phone: 612-303-3543 | Phone: 512-533-1382 | |
Fax: 612-303-2255 | Fax: 866-699-0331 | |
Email: Brian.Watson@usbank.com | email: LPrice@dhimortgage.com |
Ex A-1
Prime Rate | LIBOR Rate | Balance Funded Rate | ||||||||||
Previous Day Aggregate Outstanding Purchase Price | ||||||||||||
Purchase Price To Be Advanced | ||||||||||||
Repurchase Price To Be Paid | ||||||||||||
Syndication Settlement Amount | ||||||||||||
Aggregate Outstanding Purchase Price |
Ex A-2
Ex A-3
DHI Mortgage Company, Ltd. By: DHI Mortgage Company GP, Inc. Its General Partner | ||||
By: | ||||
Name: | ||||
Title: |
Ex A-4
TO Master Repurchase Agreement
Ex B-1
Ex B-2
TO Master Repurchase Agreement
TO SHOW COMPLIANCE OR NON-COMPLIANCE WITH
CERTAIN FINANCIAL COVENANTS
Ex C-1
DHI MORTGAGE COMPANY, LTD. | ||||||
By: DHI Mortgage Company GP, Inc. | ||||||
Its General Partner | ||||||
By: | ||||||
Name: | ||||||
Title: | ||||||
Ex C-2
Ex C-3
Purchased Loans Curtailment Report
more than one regularly scheduled principal and interest installment payment was
received since last monthly report and resulting new Principal Balance)
Ex C-4
TO Master Repurchase Agreement
List of Restricted Subsidiaries of the Seller as of the Effective Date
States where | The Seller’s | |||||||||||
qualified as a | percentage of | |||||||||||
Place of | foreign | capital stock or | ||||||||||
Subsidiary | organization | organization | equity ownership | |||||||||
Operating Subsidiaries | ||||||||||||
None | ||||||||||||
Single Purpose Finance Subsidiaries | ||||||||||||
CH Funding LLC | Texas | 100 | % |
Ex D-1
TO Master Repurchase Agreement
By: | ||||||
Name: | ||||||
Title: | ||||||
Date: | ||||||
Ex E-1
TO Master Repurchase Agreement
1. | Assignor: | |||||
2. | Assignee: | |||||
[and is a Buyer Affiliate of [identify Buyer]] | ||||||
3. | Seller: | |||||
4. | Administrative Agent: , as the agent and representative of the Buyers under the Repurchase Agreement |
Ex F-1
Aggregate Amount of | Amount of | |||
Commitment/Transactions | Commitment/Transactions | Percentage Assigned of | ||
for all Buyers | Assigned | Commitment/Transactions | ||
$ | $ | $ |
ASSIGNOR | ||||||
[NAME OF ASSIGNOR] | ||||||
By: | ||||||
Title: | ||||||
ASSIGNEE | ||||||
[NAME OF ASSIGNEE] | ||||||
By: | ||||||
Title: | ||||||
Ex F-2
By: | ||||
Title: | ||||
By: | ||||
Title: | ||||
Ex F-3
ASSIGNMENT AND ASSUMPTION
Ex F-4
Ex F-5
TO Master Repurchase Agreement
S&P CP | Moody’s | |||||||
Investor | Rating | CP Rating | Related Parent Company | Product Approval | ||||
Aurora Loan Services | A-1 | P-1 | Lehman Brothers Holdings, Inc. | Conforming/Non-Conforming | ||||
California Housing Finance Agency | N/A | N/A | Conforming/Non-Conforming | |||||
Chase Manhattan Bank USA, N.A. | A-1+ | P-1 | JPMorgan Chase Bank, N.A. | Conforming/Non-Conforming | ||||
Citimortgage, Inc. | A-1 | P-1 | Citigroup, Inc. | Conforming/Non-Conforming | ||||
Colorado Housing & Finance Authority | N/A | N/A | Conforming/Non-Conforming | |||||
Countrywide Home Loans, Inc. | A2 | P-3 | Countrywide Financial Corp. | Conforming | ||||
Deutsche Bank AG | A-1 + | P-1 | Conforming/Non-Conforming | |||||
EMC Mortgage Corporation | A-1 | P-1 | Bear Steams Companies, Inc. | Conforming/Non-Conforming | ||||
Federal Home Loan Mortgage Corp. | A-1+ | P-1 | Conforming/Non-Conforming | |||||
First Horizon Home Loan Corporation | A-1 | P-1 | First Tennessee Bank, N.A. | Conforming/Non-Conforming | ||||
Georgia Housing & Finance Authority | N/A | N/A | Conforming/Non-Conforming | |||||
Goldman Sachs Group | A-1 + | P-1 | Conforming/Non-Conforming | |||||
IndyMac Bank | A-3 | N/A | Conforming | |||||
Lehman Brothers | A-1 | P-1 | Lehman Brothers Holdings, Inc. | Conforming/Non-Conforming | ||||
Morgan Stanley Mortgage Capital | A-1+ | P-1 | Morgan Stanley | Conforming/Non-Conforming | ||||
National City Mortgage Co. | A-1 | P-1 | National City Corporation | Conforming/Non-Conforming | ||||
North Carolina Housing Finance | N/A | N/A | Conforming/Non-Conforming | |||||
South Carolina State Housing Finance | N/A | N/A | Conforming/Non-Conforming | |||||
UBS Investment Bank | A-1 + | P-1 | UBS AG | Conforming/Non-Conforming | ||||
Wachovia Mortgage Corporation | A-1+ | P-1 | Wachovia Bank, N.A. | Conforming/Non-Conforming | ||||
Washington Mutual Bank, F.A. | A-1 | P-1 | Conforming/Non-Conforming | |||||
Wells Fargo Bank, N.A. | A-1+ | P-1 | Conforming/Non-Conforming |
AI-1
TO Master Repurchase Agreement
Schedule AR DHI Mortgage Company, Ltd. Authorized Seller Representatives |
Name | Title | |
Arnoldy, Chris | Assistant Secretary | |
Bencivenga, Virginia | Assistant Secretary | |
Bennack, James J. | Assistant Secretary | |
Bertelson, Carolyn | VP, Compliance Manager | |
Bingham, Michelle | Assistant Secretary | |
Christensen, Pam | Assistant Secretary | |
Cunningham, Brigitte | AS, Closer | |
DeLashmit, Suzanne | Assistant Secretary | |
Eckoff, Donnie L. | Assistant Secretary | |
Farrington, Candiss M. | Assistant Secretary | |
Hannah, Liberty | Assistant Secretary | |
Harman, Kathy J. | Assistant Secretary | |
Harrison, Shelley | Assistant Secretary | |
Kuiken, Julie | Assistant Secretary | |
Landgraf, Lea A. | Assistant Secretary | |
Metzdorf, Karen | Assistant Secretary | |
Montano, Thomas B. | Assistant Secretary | |
Moreno, Amy | AS, Asst Post Closing Mgr | |
Northwick, Shelley | Assistant Secretary | |
Walston, Shelby W. | Assistant Secretary | |
Woodley, Roseanne | Assistant Secretary | |
Yancy, Rod | Assistant Secretary | |
Winter, Mark | EVP, CFO | |
Price, Lisa | VP, Controller |
AR-1
Name | Title | |
Allen, Clay | Assistant Secretary | |
Gilbreath, Nerissa | Assistant Secretary | |
Hay, Tamara | Assistant Secretary | |
Present, Randall C. | President | |
Price, Lisa | VP, Controller | |
Winer, Mark | EVP, CFO |
AR-2
TO Master Repurchase Agreement
(in dollars)
Buyer | Committed Sum | |||
U.S. Bank National Association | $ | |||
JPMorgan Chase Bank, National Association | $ | |||
Bank of America, N.A. | $ | |||
Lloyds TSB Bank | $ | |||
Comerica Bank | $ | |||
Maximum Aggregate Commitment | $ | 275,000,000 |
BC-1
TO Master Repurchase Agreement
Without Recourse
[signature]
[name, title]
BP-1
TO 12/07 Repurchase Agreement
DQ-1
DQ-2
TO Master Repurchase Agreement
EL-1
EL-2
EL-3
TO Master Repurchase Agreement
UG-SSF-1
TO Master Repurchase Agreement
15.2(f)-1
TO Master Repurchase Agreement
15.2(g)-1
TO Master Repurchase Agreement
15.2(o)-1
TO Master Repurchase Agreement
15.2(q)-1
TO Master Repurchase Agreement
15.3-1
15.3-2
15.3-3
15.3-4
15.3-5
15.3-6
TO Master Repurchase Agreement
16.1-1
16.1-2
16.1-3
16.1-4
TO Master Repurchase Agreement
As of March 27, 2008
Bank of America
901 Main Street
TX1-492-64-01
Dallas, TX 75202
Fax: (214) 209-0604
paula.k.laesch@bankofamerica.com
Comerica Bank
One Detroit Center
500 Woodward Ave.
Detroit, MI 48226
Fax: (313) 222-9295
rwmarr@comerica.com
Lloyds TSB Bank plc
1251 Avenue of the Americas
39th Floor
New York, NY 10020
Fax: [212-930-5098]
pchart@lloydstsb-usa.com
J.P. Morgan Securities Inc.
MortgageFinance/Securitized Products Group
10 South Dearborn Street
13th Floor
Chicago, IL 60670
mark.wegener@jpmorgan.comusa.com
U.S. Bank National Association
800 Nicollet Mall — BC-MN-H03B
Minneapolis, MN 55402-7020
Fax: (612) 303-2253
edwin.jenkins@usbank.com
23-1
DHI Mortgage
12554 Riata Trace Parkway
Austin,Texas 78727
Tel: (512) 533-1390 / 1382
Fax: (866) 699-0335
mwinter@drhorton.com
D.R. Horton, Inc.
301 Commerce Street, Suite 500
Ft. Worth, TX 76102
Fax: (469) 522-8453
jtebeaux@drhorton.com
23-2