Agreement) is made as of ong PENNYMAC LOAN SERVICES, LLC, as lender (the Lender) and PENNYMAC HOLDINGS, LLC, as borrower (the Debtor).

WHEREAS, in order to finance Portfolio Excess Spread (as defined below) owned by Borrower from time to time, Borrower has requested and Lender has made and will make available to Borrower a revolving credit facility in an amount not to exceed the Maximum Loan Amount (the Studio). Mortgage Get better and collectively, the Loan) will be used by Borrower to finance Portfolio Excess Spread (as defined below);

Today, Thus, when you look at the idea of your own common plans set forth here, or other a good and you may valuable believe, this new acknowledgment and you can sufficiency from which was hereby accepted, Lender and you can Borrower hereby agree as follows.Seguir leyendo