Walter Investment Management Corp (WAC)

[BigDog0708]

As previously disclosed, on July 31, 2017, Walter Investment Management Corp. (the "Company") entered into a Restructuring Support Agreement (the "Restructuring Support Agreement") with lenders holding, as of July 31, 2017, more than 50% of the loans and/or commitments outstanding under that certain Amended and Restated Credit Agreement, dated as of December 19, 2013, by and among the Company, as the borrower, Credit Suisse AG, as administrative agent, and the lenders party thereto (the "Credit Agreement"). As of the date hereof, lenders holding approximately 91% of the loans and/or commitments outstanding under the Credit Agreement have agreed to the terms of the Restructuring Support Agreement. On August 2, 2017, the Company and the Requisite Term Lenders entered into the First Amendment to the Restructuring Support Agreement (together with the Restructuring Support Agreement, the "RSA"). Capitalized terms used herein that are not otherwise defined have the meanings ascribed to them in the RSA.

On August 22, 2017, the Company and the Requisite Term Lenders entered into the Second Amendment ("Amendment No. 2") to the RSA. Amendment No. 2 revised the escrow provisions of the RSA to provide that the full Escrow Amount be released on August 23, 2017 and to provide that the Escrow Amount be applied to the Term Loans as a voluntary prepayment pursuant to Section 2.12(a) of the Credit Agreement, on a pro rata basis in direct order of maturity