Common use of Transaction Sublimits Clause in Contracts

Transaction Sublimits. The following sublimits shall also be applicable to the Transactions hereunder such that after giving effect to any proposed Transaction and after giving effect to any repurchase, addition or substitution of any Mortgage Loan hereunder, the following shall be true: (a) The outstanding Purchase Prices of Conforming Mortgage Loans may be as much as one hundred percent (100%) of the Maximum Aggregate Commitment. (b) The outstanding Purchase Prices of all Purchased Loans that are Wet Loans shall not exceed (x) sixty-five percent (65%) of the Maximum Aggregate Commitment on any of the first five and last five Business Days of any month or (y) thirty-five percent (35%) of the Maximum Aggregate Commitment on any other day (the “Wet Loans Sublimit”). (c) The outstanding Purchase Prices of all Purchased Loans that are of the type listed in the first column of the following table shall not exceed the percentage of the Maximum Aggregate Commitment listed in the second column of the table. Jumbo Mortgage Loans and Super Jumbo Mortgage Loans, collectively 30% Super Jumbo Mortgage Loans 10% High LTV Mortgage Loans 10% Mortgage Loans (USBHM) other than Second Mortgage Loans (USBHM) 100% Second Mortgage Loans (USBHM) 5% (d) The Agent may agree to any change in the aggregate not involving more than Two Million Dollars ($2,000,000) of the Purchased Loans in the handling of the Purchased Loans, as set forth in Section 22.5. (e) The Purchase Value for any Purchased Loan hereunder shall not be more than Two Million Dollars ($2,000,000).

Transaction Sublimits. The following sublimits shall also be applicable to the Transactions hereunder such that after giving effect to any proposed Transaction and after giving effect to any repurchase, addition or substitution of any Mortgage Loan hereunder, the following shall be true: (a) The outstanding Aggregate Outstanding Purchase Prices Price of Conforming Mortgage Loans may be as much as one hundred percent (100%) of the Maximum Aggregate Commitment. (b) The outstanding Aggregate Outstanding Purchase Prices Price of all Purchased Loans that are Wet Loans shall not exceed (x) sixty-five fifty percent (6550%) of the Maximum Aggregate Commitment on any of the first five and last five Business Days of any month or (y) thirty-five percent (35%) of the Maximum Aggregate Commitment on any other day (the “Wet Loans Sublimit”). (c) The outstanding Aggregate Outstanding Purchase Prices Price of all Purchased Loans that are of the type listed in the first column of the following table shall not exceed the percentage of the Maximum Aggregate Commitment listed in the second column of the tabletable (the name of that Sublimit is set forth in the third column). Agency-eligible Forty Year Loans 5 % “Agency-eligible Forty Year Loans Sublimit” Jumbo Mortgage Loans and Super 10 % “Jumbo Mortgage Loans, collectively 30% Super Jumbo Mortgage Loans 10% High LTV Mortgage Loans 10% Mortgage Loans (USBHM) other than Second Mortgage Loans (USBHM) 100% Second Mortgage Loans (USBHM) 5%Sublimit” (d) The Agent may agree to any change in the aggregate not involving more than Two One Million Dollars ($2,000,0001,000,000) of the Purchased Loans in the handling of the Purchased Loans, as set forth in Section 22.5. (e) The Purchase Value for 2.15. Section 5.1 of the Repurchase Agreement is amended by adding the following proviso at the end thereof: ; provided that, notwithstanding the foregoing, the Pricing Rate will not in any Purchased Loan hereunder shall not event be more less than Two Million Dollars ($2,000,000)4.50%.

Transaction Sublimits. The following sublimits shall also be applicable to the Transactions hereunder such that after giving effect to any proposed Transaction and after giving effect to any repurchase, addition or substitution of any Mortgage Loan hereunder, the following shall be true: (a) The outstanding Aggregate Outstanding Purchase Prices Price of Conforming Mortgage Loans may be as much as one hundred percent (100%) of the Maximum Aggregate Commitment. (b) The outstanding Aggregate Outstanding Purchase Prices Price of all Purchased Loans that are Wet Loans shall not exceed (x) sixty-five sixty percent (6560%) of the Maximum Aggregate Commitment on any of the first five and last five Business Days of any month or (y) thirty-five percent (35%) of the Maximum Aggregate Commitment on any other day (the “Wet Loans Sublimit”). (c) The outstanding Aggregate Outstanding Purchase Prices Price of all Purchased Loans that are of the type listed in the first column of the following table shall not exceed the percentage of the Maximum Aggregate Commitment listed in the second column of the table. Jumbo Mortgage Loans and Super Jumbo Mortgage Loans, collectively 30% Super Jumbo Mortgage Loans 10% High LTV Mortgage Loans 10% USBHM Mortgage Loans (USBHM) other than Second Mortgage Loans (USBHM) 100% Second Mortgage Loans (USBHM) 5% (d) The Agent may agree to any change in the aggregate not involving more than Two One Million Five Hundred Thousand Dollars ($2,000,0001,500,000) of the Purchased Loans in the handling of the Purchased Loans, as set forth in Section 22.5. (e) The Purchase Value for any Purchased Loan hereunder shall not be more than Two Million Dollars ($2,000,000).