Deconversion Fees. The sum of the Termination Fee (if any) and the Deboarding Fee. *Deconversion Fees does not apply to REO Properties Termination Fees: The Termination Fee calculated in accordance with the following Termination Fee Schedule: Months 1-12 [***] Months 13-18 [***] Months 19-24 [***] Months 25-30 [***] Months 31-36 [***] Ditech Transfer Fees: Ditech Transfer Fees calculated pursuant in accordance with the following Transfer Fee Schedule: *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 61 - Due Diligence: Solely with respect to any Mortgage Loan which is not a Prior Ditech Serviced Loan, the Subservicer will conduct customary due diligence, including, but not limited to, (i) a loan level legal/compliance review of servicing activities with respect to the Servicing Rights; and (ii) a review of past servicing comments and correspondence relating to the mortgage loans comprising the Servicing Rights. The Subservicer reserves the right to expand the scope of such due diligence. Diligence shall not be required for any Prior Ditech Serviced Loan. Events: Termination events with respect to the Delinquency Ratio, the Servicing Advance Ratio and the Quarterly Refinancing Percentage are set forth in Section 5.3 of the Agreement. *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. These triggers may be revisited as additional Mortgage Loans which are not Prior Ditech Serviced Loans are added to be subserviced pursuant to this Agreement. HAMP Less than or equal to 120 days delinquent [***] 121 days or more delinquent to and including 210 [***] Greater than 210 days delinquent [***] Non-HAMP Less than or equal to 120 days delinquent [***] 121 days or more delinquent to and including 210 [***] Greater than 210 days delinquent [***] DIL Less than or equal to 210 days delinquent [***] 211 days delinquent up to and including 300 days delinquent [***] Greater than 300 days delinquent [***] Short Sale Less than or equal to 210 days delinquent [***] 211 days delinquent up to and including 300 days delinquent [***] Greater than 300 days delinquent [***] Repayment Plan The mortgage loan must be brought current upon the successful completion of the repayment plan. [***] *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. HAMP Less than or equal to 120 days delinquent (150 days from Due Date of Last Paid Installment (DDLPI)) [***] 121 days or more delinquent to and including 210 days delinquent (151 to 240 days from DDLPI) [***] Greater than 210 days delinquent (greater than 240 days from DDLPI) [***] Non-HAMP Less than or equal to 120 days delinquent (150 days from Due Date of Last Paid Installment (DDLPI)) [***] 121 days or more delinquent to and including 210 days delinquent (151 to 240 days from DDLPI) [***] Greater than 210 days delinquent (greater than 240 days from DDLPI) [***] DIL [***] HAFA Short Sale [***] Repayment Plan The mortgage must be 60 or more days delinquent at the time the borrower entered into the repayment plan. [***] Subservicer’s incentive fee set forth in this Schedule 1 will be capped at the actual ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac applicable incentive. *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. New Residential Mortgage LLC (the "Owner/Servicer"), a [ ] limited liability company, whose address is [ ], constitutes and appoints Ditech Financial LLC (the "Subservicer"), a [ ] limited liability company, its true and lawful attorney-in-fact, in its name, place and stead to take the following designated actions in connection with any mortgage loan or real estate owned property (each, a "Mortgage Loan") owned by the Owner/Servicer and serviced by the Subservicer pursuant to that certain Subservicing Agreement, dated as of August 8, 2016, between the Owner/Servicer and the Subservicer:
Appears in 2 contracts
Sources: Subservicing Agreement (Walter Investment Management Corp), Subservicing Agreement (Walter Investment Management Corp)