Cc: Amy Martin (Standard & Poor's) Kumar Kanthan (Moody's) Re: $150 MM Arcadia Warehouse Facility (Arcadia Receivables Finance Corp. IV)—Receivables Financing Agreement and Fee Letter dated as of September 24, 1998. Dear Michael: CSFB is pleased to...

 Prepared by XXXXXXX CORPORATION xxx.xxxxxxxxxxxxxx.xxx



Exhibit 10.5

[LETTERHEAD]

Thursday, September 2, 1999

Xxxxxxx
X. Xxxxxxx
Vice President & Treasurer
Arcadia Financial Ltd.
0000 Xxxxxxxxxx Xxxxxx Xxxxx
Xxxxxxxxx, XX 00000
Fax: (000) 000-0000


Cc:
Xxx Xxxxxx (Standard & Poor's)
Xxxxx Xxxxxxx (Xxxxx'x)



Re:  $150
MM Arcadia Warehouse Facility (Arcadia Receivables Finance Corp. IV)—Receivables Financing Agreement and Fee Letter dated as of September 24, 1998.

Dear
Xxxxxxx:

    CSFB
is pleased to inform Arcadia that we have received approval to extend the automobile warehouse facility for an additional 364 days. Therefore effective September 23, 1999
(the "Effective Date"), the Commitment Termination Date as defined in the Receivables Financing Agreement will be amended to read September 20, 2000. The Facility Fee, as referred to in
Section 3 of the Fee Letter, will be amended to read 0.40% and the Usage Fee, as referred to in Section 2 of the Fee Letter, will be amended to read 0.20%.


    If
the above meets with your approval, please sign in the space provided below and fax this letter back to my attention at (000) 000-0000.

    Regards,



/s/ XXX XXXXX    Xxx Xxxxx
/s/ XXXX X. XXXX    Xxxx X. Xxxx
 Associate










Agreed:


 ARCADIA RECEIVABLES FINANCE CORP. IV


 
By:
 
 
/s/ XXXX XXXXXXX    Name: Xxxx Xxxxxxx
Title: Vice President and Treasurer


 ARCADIA FINANCIAL LTD.


 
By:
 
 
/s/ XXXX XXXXXXX    Name: Xxxx Xxxxxxx
Title: Vice President and Treasurer


 NORWEST BANK MINNESOTA, N.A.


 
By:
 
 
 Name:
Title: