Exhibit 10.9
SALOMON BROTHERS REALTY CORP.
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
November 9, 2000
New Century Mortgage Corporation/NC Capital Corporation
00000 Xxx Xxxxxx
Xxxxxx, Xxxxxxxxxx 00000
Ladies and Gentlemen:
Reference is made to the Letter Agreement, dated April 1, 2000 (the
"Letter Agreement"),among New Century Mortgage Corporation ("New Century"), NC
Capital Corporation ("NC Capital"), Salomon Brothers Realty Corp. ("SBRC") and
Xxxxxxx Xxxxx Xxxxxx ("Salomon"), pursuant to which SBRC and Salomon have made
available to NC Capital an aggregation line with a limit of $1,000,000,000 in
amount of mortgage loans. SBRC and Salomon hereby acknowledge that the amount of
mortgage loans delivered to the aggregation line through October 2000 exceeds
the limit set forth in the Letter Agreement. Notwithstanding the provisions of
Section 4(c) of the Letter Agreement, the undersigned hereby agrees to extend
the terms of the Letter Agreement until December 31, 2000.
SALOMON BROTHERS REALTY CORP.
By: /s/ Illegible
---------------------------
Name:
Title:
XXXXXXX XXXXX XXXXXX INC.
By:/s/ Illegible
---------------------------
Name:
Title:
Agreed and acknowledged:
NEW CENTURY MORTGAGE CORPORATION
By:/s/ Xxxxxxx Xxxxxxxx
--------------------
Name:
Title: EVP/COO
NC CAPITAL CORPORATION
By:/s/ Xxxxxxx Xxxxxxxx
--------------------
Name:
Title: President
