EX-10.1
from 8-K
3 pages
1. Effective as of a First Closing, Which Is Expected to Occur on June 12, 2012, or Such Other Date as May Be Agreed to by Sellers and Purchaser (The “First Closing”), Purchaser Would Acquire All of the Sellers’ Right, Title and Interest in and to the Servicing Agreements, Servicing Rights Agreements and Subservicing Agreements With Each Agency, Together With the Related Servicing Rights, Subservicing Rights and All Servicing Compensation, Late Fees, Ancillary Income, Servicer Advance Receivables and Deferred Servicing Fees (The “Agency Purchased Assets”). Commencing on the Date of the First Closing (The “First Closing Date”), Sellers Would, Pursuant to the Interim Servicing Agreement, Interim Service the Serviced Mortgage Loans That Are Related to the Agency Purchased Assets Until June 18, 2012 (In the Case of Servicing Agreements With Fhlmc) and July 3, 2012 (In the Case of Servicing Agreements With Other Agencies). Effective as of a Second Closing, Which Is Expected to Occur on June 26, 2012, or Such Other Date as May Be Agreed to by Sellers and Purchaser (The “Second Closing”), Purchaser Would Acquire All of the Sellers’ Right, Title and Interest in and to All Other Purchased Assets (The “Non-Agency Purchased Assets”). Commencing on the Date of the Second Closing (The “Second Closing Date”), Sellers Would, Pursuant to the Interim Servicing Agreement, Interim Service the Serviced Mortgage Loans That Are Related to the Non-Agency Purchased Assets Until July 3, 2012
12/34/56
