Its understood that the Relevant Cost Rate can be adjusted on a daily basis

Its understood that the Relevant Cost Rate can be adjusted on a daily basis

SECTION 8. Observes. Section of the Existing Master Repurchase Agreement is hereby amended by deleting Seller?s notice information in subsection (a) in its entirety and replacing it with the following:

9.1 deleting the definitions of ?Agency Qualified Escrow Mortgage loan?, ?Relevant Prices Rates?, ??, ? http://www.cashadvanceamerica.net/installment-loans-ak? and ?Commission Date? in their entirety and replacing them with the following, respectively:

Institution Eligible Escrow Mortgage loan: An Agency Eligible Mortgage Loan or Government Mortgage Loan (i) in respect of which the full original principal amount of such Mortgage Loan has not been fully advanced or disbursed as of the related origination date, (ii) in respect of which all subsequent advances or disbursements are made by Seller in accordance with the Agency Guides, (iii) that has been approved by Buyer in its sole discretion, and (iv) that is identified on Exhibit S hereto. [Read more…]