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ZAIS Financial units extend termination date of loan repo facility

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ZAIS Financial units extend termination date of loan repo facility

ZAIS FinancialCorp. units ZFC Funding Inc. and ZFC Trust amended the masterrepurchase agreement with Credit Suisse First Boston Mortgage Capital LLC to extendthe termination date of the loan repo facility to Nov. 11 from Sept. 30.

The maximum aggregate purchase price of the facility wasdecreased to $15 million from $36 million, and ZFC Trust joined the facility asseller or borrower and assumed the obligations of ZFC Funding under thefacility as part of the amendment. ZFC Funding was released from the facilityand related agreements.