[LETTERHEAD OF FIRST COLLATERAL]
EXHIBIT 10.55
March 21, 1997
Xxxxxx Mortgage Corporation and Subsidiary
0000 Xxxxx Xxxxxxxx
Xxxxxx Xxxxx, Xxxxxxxxxx 00000
Attention: Xxxxxx Xxxxx, President
Re: Master Mortgage Loan Purchasing Agreement dated August 26, 1993 and
Commitment Letter dated July 11, 1994
Dear Xxx;
This Amended Commitment Letter amends the Commitment Letter referred to above,
supplements the above-referenced Master Mortgage Loan Purchasing Agreement (the
"Agreement") and will confirm certain terms and conditions of the purchasing
arrangements between Xxxxxx Mortgage Corporation and Subsidiary and First
Collateral Services ("Purchaser") set forth herein. Capitalized terms are used
herein with the same meaning as in the Agreement.
Maturity Date:
--------------
June 30, 1997
Effective Date:
---------------
April 1, 1997
All other terms and conditions of the Master Mortgage Loan Purchasing Agreement
dated August 26, 1993 and Commitment Letters dated July 11, 1994 shall remain
the same.
Xxxxxx Mortgage Corporation and Subsidiary
December 26, 1996
Page 2
If the above meets with your approval, please so indicate by executing and
returning this Commitment Letter to Purchaser by March 31, 1997. If this
Commitment Letter has not been returned by that date, the Commitment shall
expire. The enclosed copy of this letter is for your files.
Very truly yours,
ASSOCIATES COMMERCIAL CORP. dba
FIRST COLLATERAL SERVICES
a Delaware Corporation
By: /s/ XXXXX X. XXXXXX
------------------------------
Xxxxx X. Xxxxxx,
Vice President
By: /s/ XXXXXX X. XXXXXX
------------------------------
Xxxxxx X. Xxxxxx,
Senior Vice President
AGREED TO AND ACCEPTED this
26 day of March, 1997
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Xxxxxx Mortgage Corporation
a California corporation
By: /s/ XXXXXX XXXXX
---------------------------
Xxxxxx Xxxxx,
President
