This Client Contract (as amended from time to time, the “Contract”) between Residential Funding Corporation (“GMAC-RFC”)
and Crescent Mortgage Services, Inc. (the “Client”) is dated as of January 15, 2003.
Client desires to sell residential mortgage loans (“Loans”) to, and/or service Loans for, GMAC-RFC, and GMAC-RFC desires to
purchase Loans from, and/or have Client service Loans for, GMAC-RFC pursuant to the terms and conditions of this Contract
and the applicable Guides (as Guides is defined below).
In consideration of the above premises, and of the mutual agreements set forth below, and for other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, Client and GMAC-RFC agree as follows:
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1. Guides. GMAC-RFC has approved Client to sell Loans to, and/or service Loans for GMAC-RFC, under the Guide(s) checked
below, which Guide(s) are incorporated by reference into this Contract (as amended from time to time, the “Guides”).
Upon the execution by GMAC-RFC and Client and delivery of an addendum to this Contract, GMAC-RFC may in the exercise of
its sole discretion approve Client to sell Loans to, and/or service Loans for, GMAC-RFC under other Guides than those checked
above. All capitalized terms used in this Contract and not otherwise defined shall have the meanings set forth in the applicable
2. Commitment Letters. Pursuant to the applicable Guides’ terms, GMAC-RFC may offer to enter into one or more Commitment
Letters with Client. By executing a Commitment Letter and delivering it to GMAC-RFC, Client agrees to abide by its terms and
conditions, which terms and conditions constitute a material part of this Contract, as if set forth expressly herein.
3. Amendments and Governing Contract. This Contract and any Commitment Letter may only be amended in writing signed by
both parties. The Guides may be amended only as set forth in the applicable Guide. In the