That it Mortgage and you will Safety Arrangement (since exact same concluded, changed, restated or formulated occasionally, so it
That it Mortgage and you will Safety Arrangement (since exact same concluded, changed, restated or formulated occasionally, so it Agreement) is made as of ong PENNYMAC LOAN SERVICES, LLC, as lender (the Financial) and PENNYMAC HOLDINGS, LLC, as borrower (the Borrower). WHEREAS, in order to finance Portfolio Excess Spread (as defined below) owned by Borrower …