Document:

pfsi_EX_1071

		
			Exhibit 10.71
		

		
			 
		

			
					
						UNDERLYING ESS LSA

					
					
						EXECUTION

				

		
			 
		

		
			AMENDMENT NO. 6 TO LOAN AND SECURITY AGREEMENT
		

		
			 
		

		
			(PARTICIPATION CERTIFICATES AND SERVICING)
		

		
			 
		

		
			This Amendment No. 6 to Loan and Security Agreement (this “Amendment”) is made as of September 26, 2016 by and among CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC (“CS”), PENNYMAC LOAN SERVICES, LLC (the “Lender”) and PENNYMAC HOLDINGS, LLC (the “Borrower”).
		

		
			 
		

		
			Lender and Borrower previously entered into a Loan and Security Agreement, dated as of April 30, 2015 (as amended by Amendment No. 1 to Loan and Security Agreement, dated as of October 30, 2015, Amendment No. 2 to Loan and Security Agreement, dated as of November 10, 2015, by Amendment No. 3 to Loan and Security Agreement, dated as of December 15, 2015, by Amendment No. 4 to Loan and Security Agreement, dated as of January 28, 2016, and by Amendment No. 6 to Loan and Security Agreement, dated as of March 31, 2016, the “Existing Agreement”, and as further amended by this Amendment, the “Agreement”).  
		

		
			 
		

		
			Lender, Borrower and CS have agreed, subject to the terms and conditions of this Amendment, that the Existing Agreement be amended to reflect certain agreed upon revisions to the terms of the Existing Agreement.
		

		
			 
		

		
			Accordingly, Lender, Borrower and CS hereby agree, in consideration of the mutual promises and mutual obligations set forth herein, that the Existing Agreement is hereby amended as follows:
		

		
			 
		

			
	
			
				 SECTION 1.
			Definitions.  Section 1.01 of the Existing Agreement is hereby amended by deleting the definition of “Termination Date” in its entirety and replacing it with the following in its proper alphabetical order:

		
			 
		

		
			“Termination Date” means the earliest of (a) December 26, 2016; and (b) the Obligations having become immediately due and payable pursuant to Section 7.03 of the Loan Agreement.
		

		
			 
		

			
	
			
				 SECTION 2.
			Conditions Precedent.  This Amendment shall become effective as of the date hereof (the “Amendment Effective Date”), subject to the satisfaction of the following conditions precedent:

		
			 
		

			
	
			
				 2.1
			Delivered Documents.  On the Amendment Effective Date, Lender shall have received the following documents, each of which shall be satisfactory to Lender in form and substance:

		
			 
		

			
	
			
				 (a)
			this Amendment, executed and delivered by the duly authorized officers of the Lender and Borrower; and

		
			 
		

			
	
			
				 (b)
			such other documents as Lender or counsel to Lender may reasonably request.

		
			
		

		
			

		 

		

			 

		

 

		

			
	
			
				 SECTION 3.
			Representations and Warranties.  Borrower hereby represents and warrants to Lender that Borrower is in compliance with all the terms and provisions set forth in the Agreement on its part to be observed or performed, and that no Event of Default under the Agreement has occurred or is continuing and hereby confirms and reaffirms the representations and warranties contained in Article III of the Agreement.

		
			 
		

			
	
			
				 SECTION 4.
			Limited Effect.  Except as expressly amended and modified by this Amendment, the Existing Agreement shall continue to be, and shall remain, in full force and effect in accordance with its terms.

		
			 
		

			
	
			
				 SECTION 5.
			Severability. Each provision and agreement herein shall be treated as separate and independent from any other provision or agreement herein and shall be enforceable notwithstanding the unenforceability of any such other provision or agreement.

		
			 
		

			
	
			
				 SECTION 6.
			Counterparts.  This Amendment may be executed by each of the parties hereto on any number of separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment in Portable Document Format (PDF) or by facsimile shall be effective as delivery of a manually executed original counterpart of this Amendment.

		
			 
		

			
	
			
				 SECTION 7.
			GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO THE CHOICE OF LAW PROVISIONS THEREOF.

		
			 
		

		
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			2

		

 

		

		
			IN WITNESS WHEREOF, the parties have caused this Amendment to be executed and delivered by their duly authorized officers or trustees as of the date first above written.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						PENNYMAC HOLDINGS, LLC

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By: 

					
					
						/s/ Pamela Marsh

				
	
					
						 

					
					
						 

					
					
						Name:  Pamela Marsh

				
	
					
						 

					
					
						 

					
					
						Title:  Managing Director, Treasurer

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						PENNYMAC LOAN SERVICES, LLC

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By: 

					
					
						/s/ Pamela Marsh

				
	
					
						 

					
					
						 

					
					
						Name:  Pamela Marsh

				
	
					
						 

					
					
						 

					
					
						Title:  Managing Director, Treasurer

				

		
			 
		

		 

		

			Signature Page to Amendment No. 6 to Loan and Security Agreementpfsi_EX_1084

		

			 

		

		
			Exhibit 10.84
		

		
			 
		

		
			EXECUTION COPY
		

		
			 
		

		
			AMENDMENT NUMBER EIGHT
		

		
			to the
		

		
			MASTER REPURCHASE AGREEMENT
		

		
			Dated as of July 2, 2013,
		

		
			among
		

		
			PENNYMAC LOAN SERVICES, LLC, 
		

		
			MORGAN STANLEY BANK. N.A.
		

		
			and
		

		
			MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC
		

		
			 
		

		
			 
		

		
			This AMENDMENT NUMBER EIGHT (this “Amendment Number Eight”) is made this 26th day of August, 2016, among PENNYMAC LOAN SERVICES, LLC a Delaware limited liability company, as seller (“Seller”), MORGAN STANLEY BANK, N.A., a national banking association, as buyer (“Buyer”) and MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC, a New York limited liability company, as agent for Buyer (“Agent”), to the Master Repurchase Agreement, dated as of July 2, 2013, between Seller and Buyer, as such agreement may be amended from time to time (the “Agreement”).  Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
		

		
			 
		

		
			RECITALS
		

		
			 
		

		
			WHEREAS, Seller, Buyer and Agent have agreed to amend the Agreement to extend the Termination Date thereunder, as more specifically set forth herein; and
		

		
			 
		

		
			WHEREAS, as of the date hereof, Seller represents to Buyer and Agent that Seller is in full compliance with all of the terms and conditions of the Agreement and each other Program Document and no Default or Event of Default has occurred and is continuing under the Agreement or any other Program Document.
		

		
			 
		

		
			NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and for the mutual covenants herein contained, the parties hereto hereby agree as follows:
		

		
			 
		

			
	
			
				 Section 1.
			Amendment.  Effective as of August 26, 2016 (the “Amendment Effective Date”), the defined term "Termination Date" in Section 1.01 of the Agreement is hereby amended to read in its entirety as follows:

		
			 
		

		
			 “Termination Date” shall mean August 25, 2017 or such earlier date on which this Repurchase Agreement shall terminate in accordance with the provisions hereof or by operation of law.
		

		
			 
		

			
	
			
				 Section 2.
			Defined Terms.  Any terms capitalized but not otherwise defined herein shall have the respective meanings set forth in the Agreement.

		
			 
		

			
	
			
				 Section 3.
			Effectiveness.  This Amendment Number Eight shall become effective as of the date that the Agent shall have received:

		
			 
		

		
			(a) counterparts hereof duly executed by each of the parties hereto, and
		

		
			 
		

		
			(b) counterparts of that certain Amendment Number Seven to the Pricing Side Letter, dated as of the date hereof, duly executed by each of the parties thereto.
		

		
			 
		

		
			
		

		
			

		 

 

		

			
	
			
				 Section 4.
			Fees and Expenses.  Seller agrees to pay to Buyer and Agent all reasonable out of pocket costs and expenses incurred by Buyer or Agent in connection with this Amendment Number Eight (including all reasonable fees and out of pocket costs and expenses of Buyer’s or Agent’s legal counsel) in accordance with Section 13.04 and 13.06 of the Agreement.

		
			 
		

			
	
			
				 Section 5.
			Representations.  Seller hereby represents to Buyer and Agent that as of the date hereof and taking into account the terms of this Amendment Number Eight, Seller is in full compliance with all of the terms and conditions of the Agreement and each other Program Document and no Default or Event of Default has occurred and is continuing under the Agreement or any other Program Document.

		
			 
		

			
	
			
				 Section 6.
			Binding Effect; Governing Law.  This Amendment Number Eight shall be binding and inure to the benefit of the parties hereto and their respective successors and permitted assigns.  THIS AMENDMENT NUMBER EIGHT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF (EXCEPT FOR SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW WHICH SHALL GOVERN).

		
			 
		

			
	
			
				 Section 7.
			Counterparts.  This Amendment Number Eight may be executed by each of the parties hereto on any number of separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument.

		
			 
		

			
	
			
				 Section 8.
			Limited Effect.  Except as amended hereby, the Agreement shall continue in full force and effect in accordance with its terms.  Reference to this Amendment Number Eight need not be made in the Agreement or any other instrument or document executed in connection therewith, or in any certificate, letter or communication issued or made pursuant to, or with respect to, the Agreement, any reference in any of such items to the Agreement being sufficient to refer to the Agreement as amended hereby.

		
			 
		

		
			[Signature Page Follows]
		

		
			

		 

		

			2

		

 

		

		
			IN WITNESS WHEREOF, Seller, Buyer and Agent have caused this Amendment Number Eight to be executed and delivered by their duly authorized officers as of the Amendment Effective Date.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						PENNYMAC LOAN SERVICES, LLC

				
	
					
						 

					
					
						 

					
					
						(Seller)

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By: 

					
					
						/s/ Pamela Marsh

				
	
					
						 

					
					
						 

					
					
						Name: Pamela Marsh

				
	
					
						 

					
					
						 

					
					
						Title:   Managing Director, Treasurer

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						MORGAN STANLEY BANK, N.A.

				
	
					
						 

					
					
						 

					
					
						(Buyer)

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By: 

					
					
						/s/ Christopher Schmidt

				
	
					
						 

					
					
						 

					
					
						Name: Christopher Schmidt

				
	
					
						 

					
					
						 

					
					
						Title:   Authorized Signatory

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC

				
	
					
						 

					
					
						 

					
					
						(Agent)

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By: 

					
					
						/s/ Sajid Zaidi

				
	
					
						 

					
					
						 

					
					
						Name: Sajid Zaidi

				
	
					
						 

					
					
						 

					
					
						Title:   Vice President

				

		
			 
		

		 

		

			Amendment Number Eight to Master Repurchase Agreement

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