Document:

Amended and Restated Receivables Sale Agreement

 EXHIBIT 10.7 
 AMENDED AND RESTATED RECEIVABLES SALE AGREEMENT 
 OCWEN LOAN SERVICING, LLC,

 as Servicer (prior to the MSR Transfer Date) 
 HLSS HOLDINGS, LLC, 
 as Receivables Seller and as Servicer (on and after the MSR
Transfer Date) 
 AND 
 HOMEQ SERVICER ADVANCE FACILITY TRANSFEROR, LLC, 
 as Depositor 

Dated as of [                    ],
2011 
 HOMEQ SERVICER ADVANCE RECEIVABLES BACKED NOTES, SERIES 2010-ADV1 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	Section 1.	 	Definitions; Incorporation by Reference	  	 	3	  
	Section 2.	 	Transfer of Receivables	  	 	6	  
	Section 3.	 	OLS’s and HLSS’s Acknowledgment and Consent to Assignment	  	 	9	  
	Section 4.	 	Representations, Warranties and Certain Covenants of OLS, as Servicer (prior to the MSR Transfer Date) and as Initial Receivables Seller (prior to the MSR Transfer
Date)	  	 	9	  
	Section 5.	 	Representations, Warranties and Certain Covenants of HLSS, as Servicer (on or after the MSR Transfer Date) and as Receivables Seller	  	 	17	  
	Section 6.	 	Termination	  	 	25	  
	Section 7.	 	General Covenants of OLS, as Initial Receivables Seller (prior to the MSR Transfer Date) and Servicer (prior to the MSR Transfer Date)	  	 	25	  
	Section 8.	 	General Covenants of HLSS, as Receivables Seller and Servicer	  	 	28	  
	Section 9.	 	Grant Clause	  	 	32	  
	Section 10.	 	Conveyance by Depositor; Grant by Issuer	  	 	32	  
	Section 11.	 	Protection of Indenture Trustee’s Security Interest in Trust Estate	  	 	33	  
	Section 12.	 	Indemnification by OLS	  	 	33	  
	Section 13.	 	Indemnification by HLSS	  	 	35	  
	Section 14.	 	Miscellaneous	  	 	36	  
			
	Schedule 1-A	 	Form of Assignment of Receivables	  			
	Schedule 1-B	 	Form of Assignment of Receivables	  			

  
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 This AMENDED AND RESTATED RECEIVABLES SALE AGREEMENT (as may be amended, supplemented,
restated or otherwise modified from time to time, this “Agreement”) is made as of [                    ], 2011 (the
“Effective Date”), by and among OCWEN LOAN SERVICING, LLC (“OLS”), a Delaware limited liability company, as initial receivables seller (prior to the MSR Transfer Date) and as servicer (prior to the MSR Transfer
Date), HLSS HOLDINGS, LLC (“HLSS”), a Delaware limited liability company, as receivables seller (from and after the Effective Date) and as servicer (on and after the MSR Transfer Date), and HOMEQ SERVICER ADVANCE FACILITY
TRANSFEROR, LLC, a Delaware limited liability company, as depositor (the “Depositor”). 
 RECITALS

 A. The Depositor is a special purpose Delaware limited liability company. The Depositor and OLS are parties to that
certain Receivables Sale Agreement (the “Original Receivables Sale Agreement”), dated as of August 31, 2010 (the “Closing Date”). Pursuant to Section 11(a) of the Original Receivables Sale
Agreement, OLS and the Depositor may amend the Original Receivables Sale Agreement by written instrument provided that: (i) so long as the Notes are outstanding, more than 50% of the Holders of all Outstanding Notes, each Supplemental Credit
Provider and each Liquidity Provider provide their prior written consent, (ii) OLS shall have delivered to the Indenture Trustee an officer’s certificate to the effect that OLS reasonably believes that any such amendment will not have an
Adverse Effect on the Noteholders, and (iii) OLS shall promptly notify each Note Rating Agency of any such amendment and shall furnish a copy of any such amendment to each such Note Rating Agency. The Depositor and OLS wish to amend and restate
in its entirety the Original Receivables Sale Agreement in accordance with Section 11(a) of the Original Receivables Sale Agreement, pursuant to the terms set forth in this Agreement. 

B. OLS is the “Servicer” under certain pooling and servicing agreements, sale and servicing agreements, and servicing
agreements (each, as may be amended, supplemented, restated, or otherwise modified from time to time, a “Servicing Agreement” and, collectively, the “Servicing Agreements”). Certain Servicing
Agreements will be designated as described herein for inclusion under this Agreement, the Receivables Pooling Agreement and the Indenture (each, as may be amended, supplemented, restated, or otherwise modified from time to time, a
“Designated Servicing Agreement” and, collectively, the “Designated Servicing Agreements”). 
 C. OLS intends to sell the economics associated with the servicing rights under the Designated Servicing Agreements to HLSS, which is wholly owned by Home Loan Servicing Solutions, Ltd., an exempted
company formed under the laws of the Cayman Islands. On the Effective Date and until the MSR Transfer Date, OLS shall continue to (i) be the “Servicer” under the Designated Servicing Agreements, (ii) have the obligation to make
the required Advances under the Designated Servicing Agreements, (iii) have the right to collect the related Receivables in reimbursement of such Advances, and (iv) have the right to collect Receivables in existence on the Effective Date
related to Advances. Upon its disbursement of an Advance pursuant to a Designated Servicing Agreement, OLS, as servicer (until the MSR Transfer Date), becomes the beneficiary of a contractual right to be reimbursed for such Advance in accordance
with the terms of the related Designated Servicing Agreement. Immediately, upon their creation, OLS shall sell the related Receivables to HLSS for cash purchase prices equal to 100% of their 

 
respective Receivable Balances pursuant to this Agreement (until the MSR Transfer Date),and HLSS shall sell and/or contribute the Receivables it purchases from OLS, to the Depositor as described
in Paragraph G. below. 
 D. When all required consents and ratings agency letters required for a formal change of the
named servicer under the Designated Servicing Agreements from OLS to HLSS shall have been obtained, OLS shall sell to HLSS all of the servicing rights and obligations under the Designated Servicing Agreements (the “MSR Transfer
Date”) pursuant to the Purchase Agreement and Sale Supplement, to be dated on or about [                    ], 2011, by and between OLS
and HLSS (the “Purchase Agreement”). Following the MSR Transfer Date, HLSS shall be the “Servicer” under the Designated Servicing Agreements, and HLSS shall thereafter (i) be the “Servicer” under the
Designated Servicing Agreements, (ii) have the obligation to make the required Advances under the Designated Servicing Agreements, (iii) have the right to collect the related Receivables in reimbursement of such Advances, and
(iv) have the right to collect Receivables in existence on the MSR Transfer Date related to Advances. Upon its disbursement of an Advance pursuant to a Designated Servicing Agreement, HLSS, as servicer (on and after the MSR Transfer Date),
becomes the beneficiary of a contractual right to be reimbursed for such Advance in accordance with the terms of the related Designated Servicing Agreement. OLS will initially be engaged by HLSS as subservicer for all of the Designated Servicing
Agreements under a subservicing agreement (a “Subservicing Agreement”). Other subservicers may be appointed for some or all of the Designated Servicing Agreements or for other servicing rights acquired by HLSS from time to
time in compliance with Section 4(A)(xxix) hereof. 
 E. HomEq Servicer Advance Receivables Trust 2010-ADV1 (the
“Issuer”), HLSS, as servicer (on and after the MSR Transfer Date) and as Administrator, OLS, as servicer (until the MSR Transfer Date) and as subservicer (on the MSR Transfer Date), Deutsche Bank National Trust Company, as
Indenture Trustee (the “Indenture Trustee”), as Calculation Agent, as Paying Agent and as Securities Intermediary, and Barclays Bank PLC (“Barclays”), as administrative agent (in such capacity, the
“Administrative Agent”), propose to enter into an Amended and Restated Indenture, dated as of even date herewith (as may be amended, supplemented, restated, or otherwise modified from time to time, the
“Indenture”), amending and restating that certain Indenture, dated as of August 31, 2010 (the “Original Indenture”). 
 F. Pursuant to the Original Indenture, the Issuer issued term amortizing asset-backed notes in four classes (the “Existing Term Notes”), and a variable funding note (the
“Existing Variable Funding Note,” together with the Existing Term Notes, the “Existing Notes”), all collateralized by the Receivables. On the Effective Date, one class of the Existing Term Notes, the
Class D Term Notes, will be paid in full and retired. The remaining Existing Notes, the one senior class of term notes (the “Class A-1 Notes”), the one senior class of variable funding notes (the “Class A-2
Notes”), and the two progressively more subordinated classes of term notes, class B (the “Class B Notes”) and class C (the “Class C Notes,” and together with the Class A-1 Notes, the
Class A-2 Notes and the Class B Notes, the “Notes”) shall be amended to have terms consistent with those set forth in the Indenture. The Notes will be collateralized by the Aggregate Receivables and related property and
certain monies in respect thereof now owned and to be hereafter acquired by the Issuer. 

  
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 G. HLSS, as receivables seller, desires to sell and/or contribute, assign, transfer and
convey to the Depositor all its contractual rights to be reimbursed for each Advance that it either acquires from OLS (before the MSR Transfer Date) or creates as a result of making Advances (on or after the MSR Transfer Date), from the date hereof
through the Receivables Sale Termination Date, under the Designated Servicing Agreements (in any case, which Advance has not been previously reimbursed) (each such Advance, a “Receivable” and, collectively, the
“Receivables”), pursuant to the terms of this Agreement. The Depositor will contemporaneously enter into an Amended and Restated Receivables Pooling Agreement, dated as of even date herewith (as may be amended, supplemented,
restated or otherwise modified from time to time, the “Receivables Pooling Agreement”), amending and restating that certain Receivables Pooling Agreement dated as of August 31, 2010 (the “Original Receivables
Pooling Agreement”), to sell and/or contribute, assign, transfer and convey to the Issuer all Receivables acquired by the Depositor from HLSS, as receivables seller, immediately upon the Depositor’s acquisition of such Receivables
pursuant to this Agreement; provided, however, that all Receivables in existence on the Effective Date shall have been transferred from OLS to the Depositor under the Original Receivables Sale Agreement and from the Depositor to the Issuer under the
Original Receivables Pooling Agreement prior to the Effective Date. 
 H. In consideration of each transfer by HLSS, as
receivables seller, to the Depositor of the Transferred Assets on the terms and subject to the conditions set forth in this Agreement, the Depositor has agreed to pay to HLSS a purchase price equal to 100% of the fair market value thereof on each
Sale Date. To the extent the purchase price actually paid in cash by the Depositor for the Transferred Assets is less than 100% of the fair market value thereof, the consideration for such excess fair market value shall be an increase in the value
of the membership interest of the Depositor, 100% of which is held by HLSS, by the amount by which the fair market value of such Receivable exceeds the cash purchase price actually paid therefor. 

AGREEMENT 

NOW, THEREFORE, in consideration of the above premises and of the mutual promises hereinafter set forth, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 
 Section 1. Definitions; Incorporation by Reference. 
 A. This
Agreement is entered into in connection with the terms and conditions of the Indenture. Any capitalized term used but not defined herein shall have the meaning given to it in the Indenture. 
 Additional Receivables: As defined in Section 2(A)(iii). 
 Administrative
Agent: As defined in the Recitals. 
 Aggregate Receivables: (i) All Initial Receivables under a Designated Servicing Agreement
sold and/or contributed by OLS, as receivables seller, to the Depositor under the Original Receivables Sale Agreement and (ii) all Additional Receivables under a Designated Servicing Agreement

  
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sold and/or contributed by HLSS, as receivables seller, to the Depositor hereunder (including any such Receivables acquired by HLSS from OLS prior to the MSR Transfer Date). 

Agreement: As defined in the Preamble. 

Assignment of Receivables: Each agreement documenting an assignment by OLS to HLSS substantially in the form set forth on Schedule 1-A, and
each agreement documenting an assignment by HLSS to the Depositor substantially in the form set forth on Schedule 1-B. 

Barclays: As defined in the Recitals. 

Class A-1 Notes: As defined in the Recitals. 
 Class A-2 Notes: As defined in the Recitals. 
 Class B Notes: As defined in the
Recitals. 
 Class C Notes: As defined in the Recitals. 
 Closing Date: As defined in the Recitals. 
 Depositor: As defined in the Preamble.

 Designated Servicing Agreement and Designated Servicing Agreements: As defined in the Recitals. 

Effective Date: As defined in the Preamble. 
 Existing Notes: As defined in the Recitals. 
 Existing Term Notes: As defined in the
Recitals. 
 Existing Variable Funding Note: As defined in the Recitals. 
 HLSS: As defined in the Preamble. 
 HLSS Purchase Price: As defined in
Section 2(B). 
 HLSS Related Documents: As defined in Section 4(A)(iii). 

Indemnification Amounts: As defined in Section 13(C). 
 Indemnified Party: As defined in Section 13(C). 
 Indenture: As defined
in the Recitals. 
 Indenture Trustee: As defined in the Recitals. 
 Initial Receivables: As defined in Section 2(A)(i). 

  
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 Initial RSA: As defined in the Recitals. 
 Issuer: As defined in the Recitals. 
 MSR Transfer Date: As defined in the Recitals.

 Notes: As defined in the Recitals. 
 OLS: As defined in the Preamble. 
 OLS Additional Receivables: As defined in
Section 2(A)(ii). 
 OLS Indemnification Amounts: As defined in Section 12(C). 

OLS Indemnified Party: As defined in Section 12(C). 
 OLS Transferred Assets: As defined in Section 2(A)(ii). 
 Original
Indenture: As defined in the Recitals. 
 Original Receivables Pooling Agreement: As defined in the Recitals. 

Original Receivables Sale Agreement: As defined in the Recitals. 
 Original Transferred Assets: As defined in Section 2(A)(i). 
 Purchase:
Each purchase by the Depositor from HLSS, as receivables seller, of Transferred Assets. 
 Purchase Agreement: As defined in the
Recitals. 
 Purchase Price: As defined in Section 2(B). 
 Receivable and Receivables: As defined in the Recitals. 
 Receivables Pooling
Agreement: As defined in the Recitals. 
 Receivables Sale Termination Date: The date, after the conclusion of the Revolving Period,
on which all amounts due on all Classes of Notes issued by the Issuer pursuant to the Indenture, and all other amounts payable to any party pursuant to the Indenture, shall have been paid in full. 

Related Documents: As defined in Section 5(A)(iii). 
 Removed Servicing Agreement: As defined in Section 2(D). 
 Sale Date:
(i) With respect to the Initial Receivables, each date from and including the Closing Date to the Effective Date on which such Initial Receivable was sold and/or contributed, assigned, transferred and conveyed by OLS, as receivables seller, to
the Depositor pursuant to the terms of the Original Receivables Sale Agreement and (ii) with respect to any Additional 

  
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Receivables, each date from and including the Effective Date to the Receivables Sale Termination Date on which such Additional Receivable is sold and/or contributed, assigned, transferred and
conveyed by HLSS, as receivables seller, to the Depositor pursuant to the terms of this Agreement. 
 Servicing Agreement and
Servicing Agreements: As defined in the Recitals. 
 Stop Date: As defined in Section 2(D). 

Subservicer: OLS or other subservicers that may be engaged by HLSS as subservicer for all of the Designated Servicing Agreements or for other
servicing rights acquired by HLSS from time to time. 
 Subservicing Agreement: As defined in the Recitals. 

Transferred Assets: As defined in Section 2(A)(ii). 
 UCC: As defined in Section 2(A)(i). 
 B. The Designated
Servicing Agreement Schedule, as may be amended, supplemented, restated, or otherwise modified from time to time in accordance with the Transaction Documents, is incorporated by this reference into this Agreement. 

Section 2. Transfer of Receivables. 
 A. Transferred Assets. 
 (i) From the Closing Date to the
Effective Date, OLS sold and/or contributed, assigned, transferred, and conveyed to the Depositor, and the Depositor acquired from OLS, without recourse except as provided under the Original Receivables Sale Agreement, all of OLS’s right, title
and interest, whether now owned or hereafter acquired, in, to and under each Receivable (1) in existence on the Closing Date and in existence on any Business Day after the Closing Date and prior to the Effective Date that is listed as a
“Designated Servicing Agreement” on the Designated Servicing Agreement Schedule as of the date such Receivable is created (the “Initial Receivables”), and (2) all monies due or to become due and all amounts
received or receivable with respect thereto and all proceeds (including “proceeds” as defined in the Uniform Commercial Code in effect in all applicable jurisdictions (the “UCC”)), together with all rights of OLS to
enforce such Initial Receivables (collectively, the “Original Transferred Assets”). 

(ii) Commencing on the Effective Date, and until the opening of business on the MSR Transfer Date, pursuant to the
Purchase Agreement, OLS will sell to HLSS, for a cash purchase price equal to 100% of the Receivable Balances thereof, (1) each Receivable, in existence on any Business Day on or after the Effective Date and until the opening of business on the
MSR Transfer Date, that arises under any Servicing Agreement that is listed as a “Designated Servicing Agreement” on the Designated Servicing Agreement Schedule as of the date such Receivable is created (“OLS Additional
Receivables”), and (2) all monies due or to become due and all amounts 

  
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received or receivable with respect thereto and all proceeds (including “proceeds” as defined in the UCC), together with all rights of HLSS to enforce such OLS Additional Receivables
(collectively, the “OLS Transferred Assets”). 
 (iii) Commencing on the Effective Date,
and until the close of business on the Receivables Sale Termination Date, subject to the provisions of this Agreement, HLSS, as receivables seller, hereby sells and/or contributes, assigns, transfers, and conveys to the Depositor, and the Depositor
acquires from HLSS, without recourse except as provided herein, all of HLSS’s right, title and interest, whether now owned or hereafter acquired, in, to and under (1) each Receivable in existence on any Business Day on or after the
Effective Date and prior to the Receivables Sale Termination Date (including the OLS Additional Receivables) that arises under any Servicing Agreement that is listed as a “Designated Servicing Agreement” on the Designated Servicing
Agreement Schedule as of the date such Receivable is created (“Additional Receivables”), and (2) all monies due or to become due and all amounts received or receivable with respect thereto and all proceeds (including
“proceeds” as defined in the UCC) (including the OLS Transferred Assets), together with all rights of HLSS to enforce such Additional Receivables (collectively, the “Transferred Assets”). Until the Receivables Sale
Termination Date, HLSS shall, automatically and without any further action on its part, sell and/or contribute, assign, transfer and convey to the Depositor, on each Business Day, each Additional Receivable not previously transferred to the
Depositor and the Depositor shall purchase each such Additional Receivable together with all of the other Transferred Assets related to such Receivable. 
 B. HLSS’s Purchase Price to OLS. In consideration of the sale and/or contribution, assignment, transfer and conveyance to HLSS of the OLS Additional Receivables and related OLS Transferred
Assets, on the terms and subject to the conditions set forth in this Agreement and pursuant to the Purchase Agreement, HLSS will, on each Sale Date, pay and deliver to OLS, in immediately available funds on the related Sale Date, or otherwise
promptly following such Sale Date if so agreed by OLS, as initial receivables seller (prior to the MSR Transfer Date), and HLSS, a purchase price (the “HLSS Purchase Price”) equal to (i) in the case of one Receivable
sold, assigned, transferred and conveyed on such Sale Date, 100% of its Receivable Balance on such Sale Date or (ii) in the case more than one Receivable is sold, assigned, transferred and conveyed on such Sale Date, the aggregate of 100% of
their Receivables Balances on such Sale Date, payable in cash to the extent of funds available to OLS. 
 C. Depositor’s
Purchase Price. In consideration of the sale and/or contribution, assignment, transfer and conveyance to the Depositor of the Aggregate Receivables and related Transferred Assets, on the terms and subject to the conditions set forth in this
Agreement, the Depositor shall, on each Sale Date, pay and deliver to HLSS, in immediately available funds on the related Sale Date, or otherwise promptly following such Sale Date if so agreed by HLSS, as receivables seller, and the Depositor, a
purchase price (the “Purchase Price”) equal to (i) in the case of one Receivable sold, assigned, transferred and conveyed on such Sale Date, the fair market value of such Receivable on such Sale Date or (ii) in the
case more than one Receivable is sold, assigned, transferred and conveyed on such Sale Date, the aggregate of the fair market values of such Receivables on such Sale Date, payable in cash to the extent of funds available to

  
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the Depositor, plus an increase in the value of the membership interest of the Depositor, to the extent the Purchase Price exceeds the cash paid. 

D. Removal of Designated Servicing Agreements and Receivables. On any date on or after the satisfaction of all conditions
specified in Section 2.1(c) of the Indenture, the Servicer may remove a Designated Servicing Agreement from the Designated Servicing Agreement Schedule (each such Servicing Agreement so removed, a “Removed Servicing
Agreement”). Upon the removal of a Designated Servicing Agreement from the Designated Servicing Agreement Schedule, (i) all Receivables related to such Removed Servicing Agreement previously transferred to the Depositor and Granted
to the Indenture Trustee for inclusion in the Trust Estate, shall remain subject to the lien of the Indenture unless purchased for the aggregate of the Receivables Balances for such Receivables by a Person not affiliated with the Servicer or the
Receivables Seller or by a Person that is a bankruptcy remote special purpose entity, as evidenced by an opinion of counsel acceptable to the Administrative Agent, and (ii) all Receivables related to such Removed Servicing Agreement arising on
or after the date that the related Servicing Agreement was removed from the Designated Servicing Agreement Schedule (the “Stop Date”) shall continue to be sold and/or contributed by HLSS to the Depositor (and, prior to the
MSR Transfer Date, by OLS to HLSS) until all Receivables related to such Removed Servicing Agreement included in the Trust Estate are paid in full or sold pursuant to the terms of the Indenture; provided, however, that such Receivables
sold and/or contributed to the Depositor on or after the Stop Date shall not constitute Additional Receivables. 
 E. OLS
Marking of Books and Records. Prior to the MSR Transfer Date, OLS shall, at its own expense, on or prior to the applicable Sale Date, in the case of OLS Additional Receivables, indicate in its books and records (including its computer records)
that the Receivables arising under each Designated Servicing Agreement and the related OLS Transferred Assets have been sold and/or contributed, assigned, transferred and conveyed to HLSS in accordance with this Agreement. OLS shall not alter the
indication referenced in this paragraph with respect to any Receivable during the term of this Agreement (except in accordance with Section 9(A)). If a third party, including a potential purchaser of a Receivable, should inquire as to
the status of the Receivables, OLS shall promptly indicate to such third party that the Receivables have been sold and/or contributed, assigned, transferred and conveyed and OLS (except in accordance with Section 9(A)) shall not claim
any right, title or interest (including, but not limited to ownership interest) therein. 
 F. HLSS Marking of Books and
Records. HLSS shall, at its own expense, on or prior to the applicable Sale Date, in the case of Additional Receivables, indicate in its books and records (including its computer records) that the Receivables arising under each Designated
Servicing Agreement and the related Transferred Assets have been sold and/or contributed, assigned, transferred and conveyed to the Depositor in accordance with this Agreement. HLSS shall not alter the indication referenced in this paragraph with
respect to any Receivable during the term of this Agreement (except in accordance with Section 9(B)). If a third party, including a potential purchaser of a Receivable, should inquire as to the status of the Receivables, HLSS shall
promptly indicate to such third party that the Receivables have been sold and/or contributed, assigned, transferred and conveyed and HLSS (except in accordance with Section 9(B)) shall not claim any right, title or interest (including,
but not limited to ownership interest) therein. 

  
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 Section 3. OLS’s and HLSS’s Acknowledgment and Consent to
Assignment. 
 A. Acknowledgment and Consent to Assignment. Each of OLS and HLSS hereby acknowledges that the
Depositor has sold and/or contributed, assigned, transferred and conveyed to the Issuer, and that the Issuer has Granted to the Indenture Trustee, on behalf of the Noteholders, the rights (but not the obligations) of the Depositor under this
Agreement, including, without limitation, the right to enforce the obligations of each of OLS and HLSS hereunder. Each of OLS and HLSS hereby consents to such Grant by the Issuer to the Indenture Trustee pursuant to the Indenture and acknowledges
that each of the Issuer and the Indenture Trustee (on behalf of itself, the Noteholders, any Supplemental Credit Enhancement Provider and any Liquidity Provider) shall be a third party beneficiary in respect of the representations, warranties,
covenants, rights, indemnities and other benefits arising hereunder that are so Granted by the Issuer. Moreover, each of OLS and HLSS hereby authorizes and appoints as its attorney-in-fact the Depositor, the Issuer and the Indenture Trustee, as the
Issuer’s assignee, on behalf of the Depositor, to execute and deliver such documents or certificates as may be necessary in order to enforce its rights under this Agreement and its rights to collect the Aggregate Receivables. 

B. Access to Records. In connection with the conveyances hereunder, each of OLS and HLSS hereby grants to the Depositor (and its
assigns) an irrevocable license to access all records relating to the Aggregate Receivables, without the need for any further documentation in connection with any conveyance hereunder; provided, however, that the Depositor (and its
assigns) may not exercise any right under such license until an Event of Default has occurred and is continuing. In connection with such license, and subject to the foregoing proviso, each of OLS and HLSS hereby grants to the Depositor (and its
assigns) an irrevocable, non-exclusive license (subject to the restrictions contained in any license with respect thereto) to use, without royalty or payment of any kind, all software used by OLS or HLSS, as receivables seller or as servicer, as the
case may be, to account for the Aggregate Receivables, to the extent necessary to administer the Aggregate Receivables and such software is owned by OLS or HLSS, as the case may be. With respect to software owned by others and used by OLS or HLSS,
as the case may be, under license agreements, OLS or HLSS, as the case may be, shall cooperate with the Depositor (and its assigns) to identify such software and the applicable licensors thereof and provide such other information available to it and
reasonably necessary in order for the Depositor to obtain its own licenses with respect to such software. The licenses granted by OLS or HLSS, as the case may be, pursuant to this Section 3 with respect to software owned by it shall be
irrevocable and shall terminate on the Receivables Sale Termination Date. 
 Section 4. Representations, Warranties
and Certain Covenants of OLS, as Servicer (prior to the MSR Transfer Date) and as Initial Receivables Seller (prior to the MSR Transfer Date). 
 OLS, as initial receivables seller (prior to the MSR Transfer Date) and as servicer (prior to the MSR Transfer Date), hereby makes the following representations and warranties for the benefit of HLSS, on
which HLSS is relying in purchasing the OLS Additional Receivables and executing this Agreement. The representations are made as of the date of this Agreement, and as of each Sale Date prior to the MSR Transfer Date. Such representations and
warranties shall 

  
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survive the sale and/or contribution, assignment, transfer and conveyance of any Receivables and any other related OLS Transferred Assets to HLSS. 

A. General Representations, Warranties and Covenants. 

(i) Organization and Good Standing. OLS is a limited liability company duly organized and validly existing under
the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and now has and so long as
any Notes are outstanding until the MSR Transfer Date, will continue to have, power, authority and legal right to acquire, own, hold, transfer, assign and convey the Receivables. 

(ii) Due Qualification. OLS is and will continue to be duly qualified to do business as a limited liability company
in good standing, and has obtained and will keep in full force and effect all necessary licenses, permits and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such
qualifications, licenses, permits or approvals and as to which the failure to obtain or to keep in full force and effect such licenses, permits or approvals would have a material and adverse impact upon the value or collectability of the
Receivables. 
 (iii) Power and Authority. From the Effective Date until the MSR Transfer Date, OLS has
and will continue to have all requisite limited liability company power and authority to own the Receivables, and OLS has and will continue to have all requisite limited liability company power and authority to execute and deliver this Agreement,
the initial Designated Servicing Agreement Schedule and each subsequent Designated Servicing Agreement Schedule, each other Transaction Document to which it is a party and any and all other instruments and documents necessary to consummate the
transactions contemplated hereby or thereby (collectively, the “OLS Related Documents”), and to perform each of its obligations under this Agreement and under the OLS Related Documents, and to consummate the transactions
contemplated hereby and thereby. The execution and delivery of this Agreement by OLS, and the execution and delivery of each of the OLS Related Documents by OLS, the performance by OLS of its obligations hereunder and thereunder, and the
consummation of the transactions contemplated hereby and thereby have each been duly authorized by OLS and no further limited liability company action or other actions are required to be taken by OLS in connection therewith. 

(iv) Valid Transfer. Upon the execution and delivery of this Agreement, each Assignment of Receivables and the
Designated Servicing Agreement Schedule by each of the parties hereto, this Agreement shall evidence a valid sale and/or contribution, transfer, assignment and conveyance of the OLS Additional Receivables as of the applicable Sale Date to HLSS prior
to the MSR Transfer Date, which is enforceable against creditors of and purchasers from OLS except as such enforceability may be limited by bankruptcy, insolvency or similar laws and by equitable principles. 

  
 10 

 (v) Binding Obligation. This Agreement and each of the other
Transaction Documents to which OLS is a party has been, or when delivered will have been, duly executed and delivered and constitutes the legal, valid and binding obligation of OLS, enforceable against OLS, in accordance with its terms, except as
such enforceability may be limited by bankruptcy, insolvency or similar laws and by equitable principles. 
 (vi)
Good Title. Immediately prior to each Purchase of Receivables hereunder, OLS is the legal and beneficial owner of each such Receivable and the related OLS Transferred Assets with respect thereto, free and clear of any Adverse Claims; and
immediately upon the transfer and assignment thereof, HLSS and its assignees will have good and marketable title to, with the right to sell and encumber, each Receivable, whether now existing or hereafter arising, together with the related OLS
Transferred Assets with respect thereto, free and clear of any Adverse Claims. 
 (vii) Perfection.

 (A) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the
OLS Additional Receivables and the related OLS Transferred Assets with respect thereto in favor of HLSS, which security interest is prior to all other Adverse Claims, and is enforceable as such against creditors of and purchasers from OLS;

 (B) OLS has caused the filing of all appropriate financing statements in the proper filing office in the
appropriate jurisdictions under the UCC in order to perfect the security interest in the OLS Additional Receivables and the related OLS Transferred Assets granted to HLSS hereunder; and 

(C) OLS has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the OLS Additional
Receivables and the related OLS Transferred Assets, other than under this Agreement, except pursuant to any agreement that has been terminated prior to the date hereof. OLS has not authorized the filing of and is not aware of any financing statement
filed against it, or HLSS covering the OLS Additional Receivables and the related OLS Transferred Assets other than those filed in connection with this Agreement and the other Transaction Documents and those that have been terminated prior to the
date hereof or for which the lien with respect to the Receivables has been released. OLS is not aware of any judgment or tax lien filings against it. 
 (viii) No Violation. Neither the execution, delivery and performance of this Agreement, the other Transaction Documents or the OLS Related Documents by OLS, nor the consummation by OLS of the
transactions contemplated hereby or thereby nor the fulfillment of or compliance with the terms and conditions of this Agreement, the Related Documents or the other Transaction Documents to which OLS is a party (A) will violate the
organizational documents of OLS, (B) will constitute a default (or an event which, with notice or lapse of time or both, would constitute a default), or result in a breach or acceleration of, any material indenture, agreement or other material
instrument to which OLS or any of its Affiliates is a party or by which it or any of them is bound, or which 

  
 11 

 
may be applicable to OLS, (C) constitutes a default (whether with notice or lapse of time or both), or results in the creation or imposition of any Adverse Claim upon any of the property or
assets of OLS under the terms of any of the foregoing, or (D) violates any statute, ordinance or law or any rule, regulation, order, writ, injunction or decree of any court or of any public, governmental or regulatory body, agency or authority
applicable to OLS or its properties. 
 (ix) No Proceedings. There is no action, suit or proceeding before
or by any court or governmental agency or body, domestic or foreign, now pending, or to OLS’s knowledge, threatened, against or affecting OLS (A) in which a third party not affiliated with the Indenture Trustee or a Noteholder asserts the
invalidity of any of the Transaction Documents, (B) seeking to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by any of the Transaction Documents, or (C) seeking any determination or ruling
that should reasonably be expected to affect materially and adversely the performance by OLS or its Affiliates of their obligations under, or the validity or enforceability of, any of the Transaction Documents. 

(x) All Consents Obtained. All approvals, authorizations, consents, orders or other actions of any persons or of
any governmental body or official required in connection with the execution and delivery by OLS or HLSS of this Agreement and the Transaction Documents to which OLS or HLSS is a party, the performance by OLS of the transactions contemplated by this
Agreement and the other Transaction Documents to which it is a party and the fulfillment by OLS of the terms hereof and thereof, including without limitation, the transfer of Receivables from OLS to HLSS have been obtained. 

(xi) All Taxes, Fees and Charges Relating to Transaction and Transaction Documents Paid. Any taxes, fees and other
governmental charges due and payable by OLS in connection with the execution and delivery of this Agreement and the transactions contemplated hereby have been or will be paid by OLS at or prior to the date of this Agreement. 

(xii) No Broker, Finder or Financial Adviser Other Than Barclays. None of OLS nor any of its officers, directors,
employees or agents has employed any broker, finder or financial adviser or incurred any liability for fees or commissions to any person other than Barclays (including Affiliates of Barclays) in connection with the offering, issuance or sale of the
Notes of any Class. 
 (xiii) Solvency. OLS, both prior to and after giving effect to each sale of
Receivables with respect to the Designated Servicing Agreements on each Sale Date prior to the MSR Transfer Date, (1) is not, and will not be, “insolvent” (as such term is defined in § 101(32)(A) of the Bankruptcy Code),
(2) is, and will be, able to pay its debts as they become due, and (3) does not have unreasonably small capital for the business in which it is engaged or for any business or transaction in which it is about to engage. 

(xiv) Information to Note Rating Agencies. All information provided by OLS to any Note Rating Agency is true and
correct in all material respects. 

  
 12 

 (xv) No Fraudulent Conveyance. OLS is selling the OLS Additional
Receivables to HLSS in furtherance of its ordinary business purposes, with no intent to hinder, delay or defraud any of its creditors. 
 (xvi) Ability to Perform Obligations. OLS does not believe, nor does it have any reasonable cause to believe, that it cannot perform each and every covenant contained in this Agreement. 

(xvii) Information. No document, certificate or report furnished by OLS, in writing pursuant to this Agreement, any
other Transaction Document or in connection with the transactions contemplated hereby or thereby contains or will contain when furnished any untrue statement of a material fact. There are no facts relating to and known by OLS which when taken as a
whole may impair the ability of OLS to perform its obligations under this Agreement or any other Transaction Document, which have not been disclosed herein or in the certificates and other documents furnished by or on behalf of OLS pursuant hereto
or thereto specifically for use in connection with the transactions contemplated hereby or thereby. 
 (xviii)
Fair Consideration. The aggregate consideration received by OLS, as initial receivables seller, pursuant to this Agreement is fair consideration having reasonably equivalent value to the value of the OLS Additional Receivables and the
performance of the obligations of OLS, as initial receivables seller, hereunder. 
 (xix) Bulk Transfer.
No sale, contribution, transfer, assignment or conveyance of Receivables by OLS, as initial receivables seller, to HLSS contemplated by this Agreement will be subject to the bulk transfer or any similar statutory provisions in effect in any
applicable jurisdiction. 
 (xx) Name. The legal name of HLSS is as set forth in this Agreement and OLS
does not have any trade names, fictitious names, assumed names or “doing business” names. 
 (xxi)
Default. As of the Effective Date and until the MSR Transfer Date, OLS is not in default (or subject to termination as servicer (on or after the MSR Transfer Date)) under any material agreement, contract, instrument or indenture to which such
Person is a party or by which it or its properties is or are bound (including without limitation, each Designated Servicing Agreement, excluding those as a result of a breach of a Collateral Performance Test in respect of which no notice of
termination has been sent), or with respect to any order of any court, administrative agency, arbitrator or governmental body which should reasonably be expected to have a material adverse effect on the transactions contemplated hereunder, and no
event has occurred which with notice or lapse of time or both would constitute such a default with respect to any such agreement, contract, instrument or indenture, or with respect to any such order of any court, administrative agency, arbitrator or
governmental body. 

  
 13 

 (xxii) Repayment of Receivables. OLS has no reason to believe that,
at the time of the transfer of any Receivables to HLSS pursuant hereto prior to the MSR Transfer Date, such Receivables will not be paid in full. 
 (xxiii) Designated Servicing Agreements. Each Designated Servicing Agreement, as amended, is in full force and effect and no default (other than such an event resulting solely from the failure of a
Collateral Performance Test under the related Servicing Agreement) exists thereunder and, each of the Designated Servicing Agreements is a Facility Eligible Servicing Agreement until the MSR Transfer Date. 

(xxiv) [Reserved]. 
 (xxv) No Change in Condition of OLS. Since [          ], 20[_], there has been no change in the business, operations, financial condition,
properties or assets of OLS which would have a material adverse effect on its ability to perform its obligations under this Agreement or any other Transaction Document or materially adversely affect the transactions contemplated under this Agreement
or any other Transaction Document. 
 (xxvi) Fannie and Freddie Approved. OLS is an approved servicer of
residential mortgage loans for Fannie Mae and Freddie Mac. OLS is in good standing to service mortgage loans for Fannie Mae and Freddie Mac and no event has occurred which would make OLS unable to comply with eligibility requirements or which would
require notification to either Fannie Mae or Freddie Mac. 
 (xxvii) Compliance With Laws. OLS has
complied or shall comply in all respects with all applicable laws, rules, regulations, orders, writs, judgments, injunctions or decrees to which it may be subject, except where the failure to so comply should not be reasonably expected to have an
Adverse Effect or a material adverse effect on the financial condition or operations of OLS, or the ability of OLS to perform its obligations hereunder or under any of the other Transaction Documents. 

(xxviii) Accounting. OLS accounts for the transactions contemplated by this Agreement as a sale from OLS to HLSS,
except to the extent that such sales are not recognized under GAAP due to consolidated financial reporting. 

(xxix) Appointment of Subservicers. HLSS shall not appoint any Subservicer other than OLS unless and until each
rating agency that rated the related mortgage-backed securities as stated in the documentation for the related MBS Trust, shall have delivered written confirmation that the appointment of such Subservicer will not result in a reduction of the
then-current ratings of such securities, if rating agency confirmation is required for the appointment of a subservicer under the related Servicing Agreement. 
 B. Representations, Warranties and Covenants of OLS Concerning the Receivables. 
 OLS makes the following representations, warranties and covenants until the MSR Transfer Date: 

  
 14 

 (i) Facility Eligible Receivables. Each Receivable sold by OLS is
payable in United States dollars and has been created pursuant to a Designated Servicing Agreement that is a Facility Eligible Servicing Agreement, in accordance with the terms of such Designated Servicing Agreement and with the customary procedures
and in the ordinary course of business of OLS. Each such Receivable arises from an Advance for which OLS is entitled to reimbursement pursuant to a Designated Servicing Agreement. 

(ii) Assignment Permitted under Servicing Agreements. Each Receivable sold by OLS arising under a Designated
Servicing Agreement is fully transferable and such transfer will not violate the terms of, or require the consent of any Person under the related Designated Servicing Agreement or any other document or agreement to which OLS is a party or to which
its assets or properties are subject. 
 (iii) Schedule of Receivables. The information set forth in the
Schedule of Receivables hereto shall be true and correct as of the date of this Agreement and each Funding Date through the MSR Transfer Date. 
 (iv) No Fraud. As of any Sale Date through the MSR Transfer Date, with respect to the Receivables transferred on such date, no Receivable has been identified by OLS or reported to OLS by the
related MBS Trustee as having resulted from fraud perpetrated by any Person. 
 (v) No Impairment of
OLS’s Rights. As of the Effective Date, or as of any Sale Date with respect to any Receivables through the MSR Transfer Date sold on such date, neither OLS nor any other Person has taken any action that, or failed to take any action the
omission of which, would materially impair its rights or the rights of its assignees, with respect to any Receivables. 
 (vi) No Defenses. As of the related Sale Date through the MSR Transfer Date, each Receivable represents valid entitlement to be paid, has not been repaid in whole or in part or been compromised,
adjusted, extended, satisfied, subordinated, rescinded, waived, amended or modified, and is not subject to compromise, adjustment, extension, satisfaction, subordination, rescission, set-off, counterclaim, defense, waiver, amendment or modification
by any Person. 
 (vii) No Action to Impair Collectability. OLS has not taken (or omitted to take) and
will not take (or omit to take), and has no notice that any other Person has taken (or omitted to take) or will take (or omit to take) any action that could impair the collectability of any Receivable. 

(viii) No Government Receivables. No Receivable sold by OLS is due from the United States of America or any state
or from any agency, department or instrumentality of the United States of America or any state thereof. 
 (ix)
No Pending Proceedings. There are no proceedings pending, or, to the best of OLS’s knowledge, threatened, wherein any governmental agency has (A) alleged that any Receivable sold by OLS is illegal or unenforceable, (B) asserted
the invalidity of 

  
 15 

 
any Receivable sold by OLS or (C) sought any determination or ruling that might adversely affect the payment or enforceability of any Receivable sold by OLS. 

(x) OLS’s Reporting Obligations. With respect to each Receivable sold by OLS, OLS is not aware of any
circumstances which could reasonably be expected to make it unable to perform its reporting obligations as set forth in the Indenture in any material respect. 
 (xi) UCC Classification. No Receivable sold by OLS is secured by “real property” or “fixtures” or evidenced by an “instrument” under and as defined in the UCC. The OLS
Additional Receivables constitute “general intangibles” within the meaning of the applicable UCC. 

(xii) Enforceability; Compliance with Laws. Each Receivable sold by OLS is enforceable in accordance with its terms
set forth in the related Designated Servicing Agreement. Each Advance made by OLS complied with all applicable laws, including those relating to consumer protection, is valid and enforceable and, at the time it is sold to HLSS, will not be subject
to any set-off, counterclaim or other defense to payment by the Obligor, the related MBS Trust, MBS Trustee or any other party. 
 (xiii) No Consent Required. Each Receivable sold by OLS is assignable by OLS, and by HLSS and its successors and assigns, without the consent of any other Person (except any such consent that shall
have been obtained), and upon acquiring such Receivables HLSS will have the right to pledge such Receivables without the consent of any other Person and without any other restrictions on such pledge. 

C. Survival. It is understood and agreed that the representations and warranties set forth in Section 4(A) and
Section 4(B) shall continue throughout the term of this Agreement. 
 It is understood and agreed that the
representations and warranties made by OLS, as initial receivables seller (prior to the MSR Transfer Date) and as servicer (prior to the MSR Transfer Date), pursuant to this Agreement, on which HLSS, the Depositor and the Issuer are relying in
accepting the Receivables, on which HLSS and the Depositor are relying in executing this Agreement, on which the Issuer is relying in executing the Receivables Pooling Agreement and on which the Noteholders are relying in purchasing the Notes, and
the rights and remedies of HLSS and its assignees under this Agreement against OLS pursuant to this Agreement, inure to the benefit of the Depositor, the Issuer, the Indenture Trustee and the Noteholders, as the assignees of HLSS’s rights
hereunder. Such representations and warranties and the rights and remedies for the breach thereof shall survive the sale and/or contribution, assignment, transfer and conveyance of any Receivables from OLS to HLSS and its assignees, and the
conveyance thereof by HLSS to the Depositor and its assignees, and the pledge thereof by the Issuer to the Indenture Trustee for the benefit of the Noteholders and shall be fully exercisable by the Indenture Trustee for the benefit of the
Noteholders. 
 D. Remedies Upon Breach. OLS shall inform HLSS promptly, in writing, upon the discovery of any breach of
its representations, warranties or covenants hereunder. Unless such breach shall have been cured or waived within thirty (30) days after the earlier to occur of the 

  
 16 

 
discovery of such breach by OLS or receipt of written notice of such breach by OLS, such that, in the case of a representation and warranty, such representation and warranty shall be true and
correct in all material respects as if made on such day, and OLS shall have delivered to HLSS an officer’s certificate describing the nature of such breach and the manner in which the relevant representation and warranty became true and correct
or the breach was otherwise cured, OLS shall either repurchase the affected Receivables or indemnify its assignees (including HLSS, the Depositor, the Issuer, the Indenture Trustee and each of their respective assignees), against and hold its
assignees (including HLSS, the Depositor, the Issuer, the Indenture Trustee and each of their respective assignees) harmless from any cost, liability and expense, including, without limitation, reasonable attorneys’ fees and expenses, whether
incurred in enforcement proceedings between the parties or otherwise, incurred as a result of, or arising from, such breach (each such repurchase or indemnification amount to be paid hereunder, an “Indemnity Payment”), the
amount of which shall equal the Receivables Balance of any affected Receivable. This Section 4(D) sets forth the exclusive remedy for a breach of representation, warranty or covenant by OLS, as servicer (prior to the MSR Transfer Date),
pertaining to a Receivable. Notwithstanding the foregoing, the breach of any representation, warranty or covenant shall not be waived by the Issuer under any circumstances without the consent of the Majority Holders of all Outstanding Notes.

 Section 5. Representations, Warranties and Certain Covenants of HLSS, as Servicer (on or after the MSR Transfer
Date) and as Receivables Seller. 
 HLSS, as receivables seller and as servicer (on or after the MSR Transfer Date),
hereby makes the following representations and warranties for the benefit of the Depositor, the Issuer, the Indenture Trustee and the Noteholders, on which the Depositor is relying in purchasing the Aggregate Receivables and executing this
Agreement, on which the Issuer is relying in purchasing the Aggregate Receivables and executing the Receivables Pooling Agreement, and on which the Noteholders are relying in purchasing the Notes. The representations are made as of the date of this
Agreement, and as of each Sale Date. Such representations and warranties shall survive the sale and/or contribution, assignment, transfer and conveyance of any Receivables and any other related Transferred Assets to the Depositor and the Issuer.

 A. General Representations, Warranties and Covenants. 

(i) Organization and Good Standing. HLSS is a limited liability company duly organized and validly existing under
the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and now has and so long as
any Notes are outstanding, will continue to have, power, authority and legal right to acquire, own, hold, transfer, assign and convey the Receivables. 
 (ii) Due Qualification. HLSS is and will continue to be duly qualified to do business as a limited liability company in good standing, and has obtained and will keep in full force and effect all
necessary licenses, permits and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business shall require such qualifications, licenses, permits or approvals and as to which the failure to obtain or to

  
 17 

 
keep in full force and effect such licenses, permits or approvals would have a material and adverse impact upon the value or collectability of the Receivables. 

(iii) Power and Authority. HLSS has and will continue to have all requisite limited liability company power and
authority to own the Receivables, and HLSS has and will continue to have all requisite limited liability company power and authority to execute and deliver this Agreement, the initial Designated Servicing Agreement Schedule and each subsequent
Designated Servicing Agreement Schedule, each other Transaction Document to which it is a party and any and all other instruments and documents necessary to consummate the transactions contemplated hereby or thereby (collectively, the
“HLSS Related Documents”), and to perform each of its obligations under this Agreement and under the HLSS Related Documents, and to consummate the transactions contemplated hereby and thereby. The execution and delivery of
this Agreement by HLSS, and the execution and delivery of each of the HLSS Related Documents by HLSS, the performance by HLSS of its obligations hereunder and thereunder, and the consummation of the transactions contemplated hereby and thereby have
each been duly authorized by HLSS and no further limited liability company action or other actions are required to be taken by HLSS in connection therewith. 
 (iv) Valid Transfer. Upon the execution and delivery of this Agreement, each Assignment of Receivables and the Designated Servicing Agreement Schedule by each of the parties hereto, this Agreement
shall evidence a valid sale and/or contribution, transfer, assignment and conveyance of the Additional Receivables as of the applicable Sale Date to the Depositor, which is enforceable against creditors of and purchasers from HLSS except as such
enforceability may be limited by bankruptcy, insolvency or similar laws and by equitable principles. 
 (v)
Binding Obligation. This Agreement and each of the other Transaction Documents to which HLSS is a party has been, or when delivered will have been, duly executed and delivered and constitutes the legal, valid and binding obligation of HLSS,
enforceable against HLSS, in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency or similar laws and by equitable principles. 

(vi) Good Title. Immediately prior to each Purchase of Receivables hereunder, HLSS is the legal and beneficial
owner of each such Receivable and the related OLS Transferred Assets with respect thereto, free and clear of any Adverse Claims; and immediately upon the transfer and assignment thereof, the Depositor and its assignees will have good and marketable
title to, with the right to sell and encumber, each Receivable, whether now existing or hereafter arising, together with the related OLS Transferred Assets with respect thereto, free and clear of any Adverse Claims. 

(vii) Perfection. 
 (A) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Aggregate Receivables and the related Transferred Assets with respect thereto in favor of the
Depositor, which security 

  
 18 

 
interest is prior to all other Adverse Claims, and is enforceable as such against creditors of and purchasers from HLSS; 

(B) HLSS has caused the filing of all appropriate financing statements in the proper filing office in the appropriate
jurisdictions under the UCC in order to perfect the security interest in the Aggregate Receivables and the related Transferred Assets granted to the Depositor hereunder; and 

(C) HLSS has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Aggregate
Receivables and the related Transferred Assets, other than under this Agreement, except pursuant to any agreement that has been terminated prior to the date hereof. HLSS has not authorized the filing of and is not aware of any financing statement
filed against it, the Depositor or the Issuer covering the Aggregate Receivables and the related Transferred Assets other than those filed in connection with this Agreement and the other Transaction Documents and those that have been terminated
prior to the date hereof or for which the lien with respect to the Receivables has been released. HLSS is not aware of any judgment or tax lien filings against it. 

(viii) No Violation. Neither the execution, delivery and performance of this Agreement, the other Transaction
Documents or the HLSS Related Documents by HLSS, nor the consummation by HLSS of the transactions contemplated hereby or thereby nor the fulfillment of or compliance with the terms and conditions of this Agreement, the HLSS Related Documents or the
other Transaction Documents to which HLSS is a party (A) will violate the organizational documents of HLSS, (B) will constitute a default (or an event which, with notice or lapse of time or both, would constitute a default), or result in a
breach or acceleration of, any material indenture, agreement or other material instrument to which HLSS or any of its Affiliates is a party or by which it or any of them is bound, or which may be applicable to HLSS, (C) constitutes a default
(whether with notice or lapse of time or both), or results in the creation or imposition of any Adverse Claim upon any of the property or assets of HLSS under the terms of any of the foregoing, or (D) violates any statute, ordinance or law or
any rule, regulation, order, writ, injunction or decree of any court or of any public, governmental or regulatory body, agency or authority applicable to HLSS or its properties. 

(ix) No Proceedings. There is no action, suit or proceeding before or by any court or governmental agency or body,
domestic or foreign, now pending, or to HLSS’s knowledge, threatened, against or affecting HLSS (A) in which a third party not affiliated with the Indenture Trustee or a Noteholder asserts the invalidity of any of the Transaction
Documents, (B) seeking to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by any of the Transaction Documents, (C) seeking any determination or ruling that should reasonably be expected to
affect materially and adversely the performance by HLSS or its Affiliates of their obligations under, or the validity or enforceability of, any of the Transaction Documents or (D) relating to HLSS or its Affiliates and which should reasonably
be expected to affect adversely the federal income tax attributes of the Notes. 

  
 19 

 (x) Ownership of Depositor. As of the Effective Date, HLSS will
acquire from OLS 100% of the membership interest in the Depositor. No Person other than HLSS has any rights to acquire membership interests in the Depositor. 
 (xi) Ownership of Issuer. 100% of the Owner Trust Certificate of the Issuer is owned by the Depositor. No Person other than the Depositor has any rights to acquire all or any portion of the Owner
Trust Certificate in the Issuer. 
 (xii) No Violation of Exchange Act or Regulations T, U or X. None of
the transactions contemplated in the Transaction Documents (including the use of the proceeds from the sale of the Notes) will result in a violation of Section 7 of the Exchange Act, or any regulations issued pursuant thereto, including
Regulations T, U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II. 
 (xiii)
All Consents Obtained. All approvals, authorizations, consents, orders or other actions of any persons or of any governmental body or official required in connection with the execution and delivery by HLSS, or the Depositor of this Agreement
and the Transaction Documents to which HLSS, the Depositor or the Issuer is a party, the performance by HLSS of the transactions contemplated by this Agreement and the other Transaction Documents to which it is a party and the fulfillment by HLSS of
the terms hereof and thereof, including without limitation, the transfer of Receivables from HLSS to the Depositor and from the Depositor to the Issuer and the pledge thereof by the Issuer to the Indenture Trustee, have been obtained. 

(xiv) Not an Investment Company. None of HLSS, the Depositor, the Issuer nor the Trust Estate is an
“investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act, and none of the execution, delivery or performance of obligations under this Agreement or any
of the Transaction Documents, or the consummation of any of the transactions contemplated thereby (including, without limitation, the sale and contribution of the Transferred Assets hereunder) will violate any provision of the Investment Company
Act, or any rule, regulation or order issued by the Securities and Exchange Commission thereunder. 
 (xv) All
Taxes, Fees and Charges Relating to Transaction and Transaction Documents Paid. Any taxes, fees and other governmental charges due and payable by HLSS, the Depositor or the Issuer in connection with the execution and delivery of this Agreement
and the transactions contemplated hereby have been or will be paid by HLSS or the Depositor at or prior to the date of this Agreement. 
 (xvi) No Broker, Finder or Financial Adviser Other Than Barclays. None of HLSS nor any of its officers, directors, employees or agents has employed any broker, finder or financial adviser or
incurred any liability for fees or commissions to any person other than Barclays (including Affiliates of Barclays) in connection with the offering, issuance or sale of the Notes of any Class. 

(xvii) Solvency. HLSS, both prior to and after giving effect to each sale and contribution of Receivables with
respect to the Designated Servicing Agreements on each 

  
 20 

 
Sale Date, (1) is not, and will not be, “insolvent” (as such term is defined in § 101(32)(A) of the Bankruptcy Code), (2) is, and will be, able to pay its debts as they
become due, and (3) does not have unreasonably small capital for the business in which it is engaged or for any business or transaction in which it is about to engage. 

(xviii) Information to Note Rating Agencies. All information provided by HLSS to any Note Rating Agency is true and
correct in all material respects. 
 (xix) No Fraudulent Conveyance. HLSS is selling and contributing the
Aggregate Receivables to the Depositor in furtherance of its ordinary business purposes, with no intent to hinder, delay or defraud any of its creditors. 
 (xx) Ability to Perform Obligations. HLSS does not believe, nor does it have any reasonable cause to believe, that it cannot perform each and every covenant contained in this Agreement. 

(xxi) Information. No document, certificate or report furnished by HLSS, in writing pursuant to this Agreement, any
other Transaction Document or in connection with the transactions contemplated hereby or thereby contains or will contain when furnished any untrue statement of a material fact. There are no facts relating to and known by HLSS which when taken as a
whole may impair the ability of HLSS to perform its obligations under this Agreement or any other Transaction Document, which have not been disclosed herein or in the certificates and other documents furnished by or on behalf of HLSS pursuant hereto
or thereto specifically for use in connection with the transactions contemplated hereby or thereby. 
 (xxii)
Fair Consideration. The aggregate consideration received by HLSS, as receivables seller, pursuant to this Agreement is fair consideration having reasonably equivalent value to the value of the Aggregate Receivables and the performance of the
obligations of HLSS, as receivables seller, hereunder. 
 (xxiii) Bulk Transfer. No sale, contribution,
transfer, assignment or conveyance of Receivables by HLSS, as receivables seller, to the Depositor contemplated by this Agreement or by the Depositor to the Issuer pursuant to the Receivables Pooling Agreement will be subject to the bulk transfer or
any similar statutory provisions in effect in any applicable jurisdiction. 
 (xxiv) Name. The legal name
of HLSS is as set forth in this Agreement and HLSS does not have any trade names, fictitious names, assumed names or “doing business” names. 
 (xxv) Default. None of HLSS, the Depositor or the Issuer is in default (or, with respect to HLSS, subject to termination as servicer (on or after the MSR Transfer Date)) under any material
agreement, contract, instrument or indenture to which such Person is a party or by which it or its properties is or are bound (including without limitation, each Designated Servicing Agreement, excluding those as a result of a breach of a Collateral
Performance Test in respect of which no notice of termination has been sent), or with respect to any order of any court, administrative agency, arbitrator or governmental body 

  
 21 

 
which should reasonably be expected to have a material adverse effect on the transactions contemplated hereunder, and no event has occurred which with notice or lapse of time or both would
constitute such a default with respect to any such agreement, contract, instrument or indenture, or with respect to any such order of any court, administrative agency, arbitrator or governmental body. 

(xxvi) Repayment of Receivables. HLSS has no reason to believe that at the time of the transfer of any Receivables
to the Depositor pursuant hereto, such Receivables will not be paid in full. 
 (xxvii) Designated Servicing
Agreements. Each Designated Servicing Agreement, as amended, is in full force and effect and no default (other than such an event resulting solely from the failure of a Collateral Performance Test under the related Servicing Agreement) exists
thereunder and, each of the Designated Servicing Agreements is a Facility Eligible Servicing Agreement. 

(xxviii) [Reserved]. 
 (xxix) No Change in Condition of HLSS. Since [                ], 20[    ], there
has been no change in the business, operations, financial condition, properties or assets of HLSS which would have a material adverse effect on its ability to perform its obligations under this Agreement or any other Transaction Document or
materially adversely affect the transactions contemplated under this Agreement or any other Transaction Document. 
 (xxx) Fannie and Freddie Approved. The Subservicer is an approved servicer of residential mortgage loans for Fannie Mae and Freddie Mac. The Subservicer is in good standing to service mortgage
loans for Fannie Mae and Freddie Mac and no event has occurred which would make the Subservicer unable to comply with eligibility requirements or which would require notification to either Fannie Mae or Freddie Mac. 

(xxxi) Compliance With Laws. HLSS has complied or shall comply in all respects with all applicable laws, rules,
regulations, orders, writs, judgments, injunctions or decrees to which it may be subject, except where the failure to so comply should not be reasonably expected to have an Adverse Effect or a material adverse effect on the financial condition or
operations of HLSS, or the ability of HLSS, the Depositor or the Issuer to perform their respective obligations hereunder or under any of the other Transaction Documents. 

(xxxii) Accounting. HLSS accounts for the transactions contemplated by this Agreement as a sale from HLSS to the
Depositor, except to the extent that such sales are not recognized under GAAP due to consolidated financial reporting. 
 B.
Representations, Warranties and Covenants of HLSS Concerning the Receivables. 
 (i) Facility Eligible
Receivables. Each Receivable is payable in United States dollars and has been created pursuant to a Designated Servicing Agreement that is a Facility Eligible Servicing Agreement, in accordance with the terms of such Designated Servicing
Agreement and with the customary procedures and in the ordinary course of 

  
 22 

 
business of HLSS. Each Receivable arises from an Advance for which HLSS is entitled to reimbursement pursuant to a Designated Servicing Agreement. 

(ii) Assignment Permitted under Servicing Agreements. Each Receivable arising under a Designated Servicing
Agreement is fully transferable and such transfer will not violate the terms of, or require the consent of any Person under the related Designated Servicing Agreement or any other document or agreement to which HLSS is a party or to which its assets
or properties are subject. 
 (iii) Schedule of Receivables. The information set forth in the Schedule of
Receivables hereto shall be true and correct as of the date of this Agreement and each Funding Date. 
 (iv)
No Fraud. As of any Sale Date, with respect to the Receivables transferred on such date, no Receivable has been identified by HLSS or reported to HLSS by the related MBS Trustee as having resulted from fraud perpetrated by any Person.

 (v) No Impairment of HLSS’s Rights. As of the Effective Date, or as of any Sale Date with respect
to any Receivables sold on such date, neither HLSS nor any other Person has taken any action that, or failed to take any action the omission of which, would materially impair its rights or the rights of its assignees, with respect to any
Receivables. 
 (vi) No Defenses. As of the related Sale Date, each Receivable represents valid
entitlement to be paid, has not been repaid in whole or in part or been compromised, adjusted, extended, satisfied, subordinated, rescinded, waived, amended or modified, and is not subject to compromise, adjustment, extension, satisfaction,
subordination, rescission, set-off, counterclaim, defense, waiver, amendment or modification by any Person. 

(vii) No Action to Impair Collectability. HLSS has not taken (or omitted to take) and will not take (or omit to
take), and has no notice that any other Person has taken (or omitted to take) or will take (or omit to take) any action that could impair the collectability of any Receivable. 

(viii) No Government Receivables. No Receivable is due from the United States of America or any state or from any
agency, department or instrumentality of the United States of America or any state thereof. 
 (ix) No Pending
Proceedings. There are no proceedings pending, or, to the best of HLSS’s knowledge, threatened, wherein any governmental agency has (A) alleged that any Receivable is illegal or unenforceable, (B) asserted the invalidity of any
Receivable or (C) sought any determination or ruling that might adversely affect the payment or enforceability of any Receivable. 
 (x) HLSS’s Reporting Obligations. With respect to each Receivable, HLSS is not aware of any circumstances which could reasonably be expected to make it unable to perform its reporting
obligations as set forth in the Indenture in any material respect. 

  
 23 

 (xi) UCC Classification. No Receivable is secured by “real
property” or “fixtures” or evidenced by an “instrument” under and as defined in the UCC. The Aggregate Receivables constitute “general intangibles” within the meaning of the applicable UCC. 

(xii) Enforceability; Compliance with Laws. Each Receivable is enforceable in accordance with its terms set forth
in the related Designated Servicing Agreement. Each Advance complied with all applicable laws, including those relating to consumer protection, is valid and enforceable and, at the time it is sold to the Depositor, will not be subject to any
set-off, counterclaim or other defense to payment by the Obligor, the related MBS Trust, MBS Trustee or any other party. 
 (xiii) No Consent Required. Each Receivable is assignable by HLSS, and by the Depositor and its successors and assigns, without the consent of any other Person (except any such consent that shall
have been obtained), and upon acquiring the Receivables the Issuer will have the right to pledge the Receivables without the consent of any other Person and without any other restrictions on such pledge. 

C. Survival. It its understood and agreed that the representations and warranties set forth in Section 5(A) and
Section 5(B) shall continue throughout the term of this Agreement. 
 It is understood and agreed that the
representations and warranties made by HLSS, as receivables seller and as servicer (on or after the MSR Transfer Date), pursuant to this Agreement, on which the Depositor and the Issuer are relying in accepting the Receivables, on which the
Depositor is relying in executing this Agreement, on which the Issuer is relying in executing the Receivables Pooling Agreement and on which the Noteholders are relying in purchasing the Notes, and the rights and remedies of the Depositor and its
assignees under this Agreement against HLSS pursuant to this Agreement, inure to the benefit of the Depositor, the Issuer, the Indenture Trustee and the Noteholders, as the assignees of HLSS’s rights hereunder. Such representations and
warranties and the rights and remedies for the breach thereof shall survive the sale and/or contribution, assignment, transfer and conveyance of any Receivables from HLSS to the Depositor and its assignees, and the pledge thereof by the Issuer to
the Indenture Trustee for the benefit of the Noteholders and shall be fully exercisable by the Indenture Trustee for the benefit of the Noteholders. 
 D. Remedies Upon Breach. HLSS shall inform the Indenture Trustee and the Administrative Agent promptly, in writing, upon the discovery of any breach of its representations, warranties or covenants
hereunder. Unless such breach shall have been cured or waived within thirty (30) days after the earlier to occur of the discovery of such breach by HLSS or receipt of written notice of such breach by HLSS, such that, in the case of a
representation and warranty, such representation and warranty shall be true and correct in all material respects as if made on such day, and HLSS shall have delivered to the Indenture Trustee an officer’s certificate describing the nature of
such breach and the manner in which the relevant representation and warranty became true and correct or the breach was otherwise cured, HLSS shall either repurchase the affected Receivables or indemnify its assignees (including the Depositor, the
Issuer, the Indenture Trustee and each of their respective assignees), against and hold its assignees (including the Depositor, the Issuer, the Indenture Trustee and each of their respective 

  
 24 

 
assignees) harmless from any cost, liability and expense, including, without limitation, reasonable attorneys’ fees and expenses, whether incurred in enforcement proceedings between the
parties or otherwise, incurred as a result of, or arising from, such breach (each such repurchase or indemnification amount to be paid hereunder, an “Indemnity Payment”), the amount of which shall equal the Receivables
Balance of any affected Receivable. This Section 5(D) sets forth the exclusive remedy for a breach of representation, warranty or covenant by HLSS, as servicer (on or after the MSR Transfer Date), pertaining to a Receivable.
Notwithstanding the foregoing, the breach of any representation, warranty or covenant shall not be waived by the Issuer under any circumstances without the consent of the Majority Holders of all Outstanding Notes. 

Section 6. Termination. 
 This Agreement (a) may not be terminated prior to the termination of the Indenture and (b) may be terminated at any time thereafter by either party hereto upon written notice to the other party.

 Section 7. General Covenants of OLS, as Initial Receivables Seller (prior to the MSR Transfer Date) and Servicer
(prior to the MSR Transfer Date). 
 OLS covenants and agrees that, from the date of this Agreement until the MSR
Transfer Date: 
 A. Bankruptcy. OLS agrees that it shall comply with Section 12(K). OLS has not engaged in
and does not expect to engage in a business for which its remaining property represents an unreasonably small capitalization. OLS will not transfer any of the OLS Additional Receivables with an intent to hinder, delay or defraud any Person.

 B. Legal Existence. OLS shall do or cause to be done all things necessary on its part to preserve and keep in full
force and effect its existence as a limited liability company in the jurisdiction of its formation, and to maintain each of its licenses, approvals, registrations and qualifications in all jurisdictions in which its ownership or lease of property or
the conduct of its business requires such licenses, approvals, registrations or qualifications, except for failures to maintain any such licenses, approvals, registrations or qualifications which, individually or in the aggregate, would not
reasonably be expected to have a material adverse effect on the financial conditions, operations or the ability of OLS to perform its obligations hereunder or under any of the other Transaction Documents. 

C. Compliance With Laws. OLS shall comply in all material respects with all laws, rules, regulations and orders of any
governmental authority applicable to its operation, the noncompliance with which would reasonably be expected to have a material adverse effect on the financial condition, operations or the ability of OLS to perform its obligations hereunder or
under any of the other Transaction Documents. 
 D. Taxes. OLS shall pay and discharge all taxes, assessments and
governmental charges or levies imposed upon it or upon its income and profits, or upon any of its property or any part thereof, before the same shall become in default; provided that OLS shall not be required to pay and discharge any such
tax, assessment, charge or levy so long as the validity or 

  
 25 

 
amount thereof shall be contested in good faith by appropriate proceedings, or so long as the failure to pay any such tax, assessment, charge or levy would not have a material adverse effect on
the ability of OLS to perform its obligations hereunder. OLS shall have set aside on its books adequate reserves with respect to any such tax, assessment, charge or levy so contested. 

E. Compliance with Representations and Warranties. OLS covenants that it shall conduct its business such that it will continually
comply with all of its representations and warranties made in Section 4(A). 
 F. Amendments to Designated
Servicing Agreements. OLS, hereby covenants and agrees, until the MSR Transfer Date, not to amend the Designated Servicing Agreements except for such amendments that would have no adverse effect upon the collectability or timing of payment of
any of the OLS Additional Receivables or the performance of OLS’s obligations under the Transaction Documents or otherwise adversely affect the interest of the Noteholders, any Supplement Credit Enhancement Provider or any Liquidity Provider,
without the prior written consent of the Majority Holders of all Outstanding Notes and of each Supplemental Credit Enhancement Provider and each Liquidity Provider. OLS will, within five (5) Business Days following the effectiveness of such
amendments, deliver to the Indenture Trustee copies of all such amendments. 
 G. Maintenance of Security Interest. OLS
shall from time to time, prior to the MSR Transfer Date, at its own expense, execute and file such additional financing statements (including continuation statements) as may be necessary to ensure that at any time, the interest of HLSS in all of the
OLS Additional Receivables is fully protected in accordance with the UCC. 
 H. Keeping of Records and Books of Account.
OLS shall maintain accurate, complete and correct documents, books, records and other information which is reasonably necessary for the collection of all OLS Additional Receivables (including, without limitation, records adequate to permit the
prompt identification of each new Receivable and all collections of, and adjustments to, each existing Receivable). 
 I.
Fidelity Bond and Errors and Omissions Insurance. OLS, as servicer or subservicer, shall obtain and maintain at its own expense and keep in full force and effect so long as any Notes are outstanding prior to the MSR Transfer Date, a blanket
fidelity bond and an errors and omissions insurance policy with one or more insurers covering (i) its officers and employees and other persons acting on its behalf in connection with its activities under the Transaction Documents, and
(ii) the officers and employees of HLSS and other persons acting on HLSS’s behalf in connection with the Transaction Documents, in each case meeting the criteria required by the Designated Servicing Agreements. Coverage of OLS, as servicer
or subservicer, and of HLSS under a policy or bond obtained by an Affiliate of OLS and providing the coverage required by this subsection (I) shall satisfy the requirements of this subsection (I). OLS will promptly report in
writing to HLSS any material changes that may occur in its or HLSS’s fidelity bonds, if any, and/or its or the Depositor’s errors and omissions insurance policies, as the case may be, and will furnish to HLSS copies of all binders and
polices or certificates evidencing that such bonds, if any, and insurance policies are in full force and effect. 

  
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 J. No Adverse Claims, Etc. Against Receivables and Trust Property. OLS hereby
covenants that, except for the transfer hereunder and as of any date on which OLS Additional Receivables are transferred, it will not sell, pledge, assign or transfer to any other Person, or grant, create, incur or assume any Adverse Claim on any of
the OLS Additional Receivables, or any interest therein. OLS shall notify HLSS and its designees of the existence of any Adverse Claim (other than as provided above) on any Receivable immediately upon discovery thereof; and OLS shall defend the
right, title and interest of HLSS and its assignees in, to and under the Receivables against all claims of third parties claiming through or under it; provided, however, that nothing in this Section 7 shall be deemed to
apply to any Adverse Claims for municipal or other local taxes and other governmental charges if such taxes or governmental charges shall not at the time be due and payable or if OLS shall currently be contesting the validity thereof in good faith
by appropriate Proceedings. OLS shall take all actions as may be necessary to ensure that the ownership of the Receivables is conveyed to HLSS pursuant to this Agreement. In addition, OLS shall take all actions as may be necessary to ensure that, if
this Agreement were deemed to create, or does create, a security interest in the Receivables and the other OLS Transferred Assets, such security interest would be a perfected security interest of first priority under applicable law and will be
maintained as such until the Receivables Sale Termination Date. 
 K. Taking of Necessary Actions. OLS shall perform all
actions necessary to sell and/or contribute, assign, transfer and convey the OLS Additional Receivables to HLSS and its assigns, including, without limitation, any necessary notifications to the MBS Trustees or other parties. 

L. Ownership. OLS will take all necessary action to establish and maintain, irrevocably in HLSS, legal and equitable title to the
OLS Additional Receivables and the related OLS Transferred Assets, free and clear of any Adverse Claim (including, without limitation, the filing of all financing statements or other similar instruments or documents necessary under the UCC (or any
comparable law) in all appropriate jurisdictions to perfect HLSS’s interest in such OLS Additional Receivables and related OLS Transferred Assets and such other action to perfect, protect or more fully evidence the interest of HLSS may
reasonably request). 
 M. HLSS’ Reliance. OLS acknowledges that the Depositor, the Issuer, the Indenture Trustee
and the Noteholders are entering into the transactions contemplated by the Transaction Documents in reliance upon HLSS’s identity as a legal entity that is separate from OLS. Therefore, from and after the date of execution and delivery of this
Agreement, OLS will take all reasonable steps to maintain HLSS’s identity as a separate legal entity and to make it manifest to third parties that HLSS is an entity with assets and liabilities distinct from those of OLS. Without limiting the
generality of the foregoing and in addition to the other covenants set forth herein, OLS (i) will not hold itself out to third parties as liable for the debts of HLSS nor purport to own the OLS Additional Receivables and other related OLS
Transferred Assets, (ii) will take all other actions necessary on its part to ensure that the facts and assumptions regarding it set forth in the opinion issued by Mayer Brown LLP, dated as of the Effective Date, relating to substantive
consolidation issues remain true and correct at all times. 
 N. Name Change, Offices and Records. In the event OLS makes
any change to its name (within the meaning of Section 9-507(c) of any applicable enactment of the UCC), type or jurisdiction of organization or location of its books and records, it shall notify HLSS thereof and

  
 27 

 
(except with respect to a change of location of books and records) shall deliver to HLSS not later than thirty (30) days after the effectiveness of such change (i) such financing
statements (Forms UCC1 and UCC3) which may reasonably request to reflect such name change, or change in type or jurisdiction of organization, (ii) if HLSS shall so request, an opinion of outside counsel to OLS, in form and substance reasonably
satisfactory to HLSS, as to the grant or assignment from OLS to HLSS of a security interest in the OLS Additional Receivables, if the transfers thereof by OLS to HLSS are determined not to be true sales, and as to the perfection and priority of
HLSS’s security interest in the OLS Additional Receivables in such event, and (iii) such other documents and instruments that HLSS may reasonably request in connection therewith and shall take all other steps to ensure that HLSS continues
to have a first priority, perfected security interest in the Initial Aggregate Receivables and the related OLS Transferred Assets. 
 O. Location of Jurisdiction of Organization and Records. In the case of a change in the jurisdiction of organization of OLS or in the case of a change in the “location” of OLS for
purposes of Section 9-307 of the UCC, OLS must take all actions necessary or reasonably requested by HLSS to amend its existing financing statements and continuation statements, and file additional financing statements and to take any other
steps reasonably requested by HLSS to further perfect or evidence the rights, claims or security interests of any of OLS or any assignee or beneficiary of the HLSS’s rights under this Agreement. 

P. Amendments to the Purchase Agreement. OLS, hereby covenants and agrees not to amend the Purchase Agreement in any way that
relates to the sale and/or contribution, assignment, transfer, and conveyance of Receivables hereunder, without the prior written consent of the Administrative Agent. 
 Section 8. General Covenants of HLSS, as Receivables Seller and Servicer. 
 HLSS covenants and agrees that, from the date of this Agreement until the termination of the Indenture: 
 A. Change of Control. It shall not enter into any transaction the result of which would be a Change of Control (as defined in the Indenture). 

B. Bankruptcy. HLSS agrees that it shall comply with Section 11(k). HLSS has not engaged in and does not expect to
engage in a business for which its remaining property represents an unreasonably small capitalization. HLSS will not transfer any of the Aggregate Receivables with an intent to hinder, delay or defraud any Person. 

C. Legal Existence. HLSS shall do or cause to be done all things necessary on its part to preserve and keep in full force and
effect its existence as a limited liability company in the jurisdiction of its formation, and to maintain each of its licenses, approvals, registrations and qualifications in all jurisdictions in which its ownership or lease of property or the
conduct of its business requires such licenses, approvals, registrations or qualifications, except for failures to maintain any such licenses, approvals, registrations or qualifications which, individually or in the aggregate, would not reasonably
be expected to have a material adverse effect on the financial conditions, operations or the ability of HLSS, the Depositor or the Issuer to perform its obligations hereunder or under any of the other Transaction Documents. 

  
 28 

 D. Compliance With Laws. HLSS shall comply in all material respects with all laws,
rules, regulations and orders of any governmental authority applicable to its operation, the noncompliance with which would reasonably be expected to have a material adverse effect on the financial condition, operations or the ability of HLSS, the
Depositor or the Issuer to perform their obligations hereunder or under any of the other Transaction Documents. 
 E.
Taxes. HLSS shall pay and discharge all taxes, assessments and governmental charges or levies imposed upon it or upon its income and profits, or upon any of its property or any part thereof, before the same shall become in default;
provided that HLSS shall not be required to pay and discharge any such tax, assessment, charge or levy so long as the validity or amount thereof shall be contested in good faith by appropriate proceedings, or so long as the failure to pay any
such tax, assessment, charge or levy would not have a material adverse effect on the ability of HLSS to perform its obligations hereunder. HLSS shall have set aside on its books adequate reserves with respect to any such tax, assessment, charge or
levy so contested. 
 F. Compliance with Representations and Warranties. HLSS covenants that it shall conduct its
business such that it will continually comply with all of its representations and warranties made in Section 5(A). 

G. Amendments to Designated Servicing Agreements. HLSS, hereby covenants and agrees not to amend the Designated Servicing
Agreements except for such amendments that would have no adverse effect upon the collectability or timing of payment of any of the Aggregate Receivables or the performance of HLSS’s, the Depositor’s or the Issuer’s obligations under
the Transaction Documents or otherwise adversely affect the interest of the Noteholders, any Supplement Credit Enhancement Provider or any Liquidity Provider, without the prior written consent of the Majority Holders of all Outstanding Notes and of
each Supplemental Credit Enhancement Provider and each Liquidity Provider. HLSS will, within five (5) Business Days following the effectiveness of such amendments, deliver to the Indenture Trustee copies of all such amendments. 

H. Maintenance of Security Interest. HLSS shall from time to time, at its own expense, execute and file such additional financing
statements (including continuation statements) as may be necessary to ensure that at any time, the interest of the Depositor, the Issuer, the Indenture Trustee and the Noteholders and any Supplemental Credit Enhancement Provider and any Liquidity
Provider in all of the Aggregate Receivables is fully protected in accordance with the UCC. 
 I. Keeping of Records and
Books of Account. HLSS shall maintain accurate, complete and correct documents, books, records and other information which is reasonably necessary for the collection of all Aggregate Receivables (including, without limitation, records adequate
to permit the prompt identification of each new Receivable and all collections of, and adjustments to, each existing Receivable). 
 J. Fidelity Bond and Errors and Omissions Insurance. HLSS, as servicer (on or after the MSR Transfer Date), shall obtain and maintain at its own expense and keep in full force and effect so long as
any Notes are outstanding, a blanket fidelity bond and an errors and omissions insurance policy with one or more insurers covering (i) its officers and employees and other 

  
 29 

 
persons acting on its behalf in connection with its activities under the Transaction Documents, and (ii) the officers and employees of the Depositor and other persons acting on the
Depositor’s behalf in connection with the Transaction Documents, in each case meeting the criteria required by the Designated Servicing Agreements. Coverage of HLSS, as servicer (on or after the MSR Transfer Date), and of the Depositor under a
policy or bond obtained by an Affiliate of HLSS and providing the coverage required by this subsection (J) shall satisfy the requirements of this subsection (J). HLSS will promptly report in writing to the Indenture Trustee any
material changes that may occur in its or the Depositor’s fidelity bonds, if any, and/or its or the Depositor’s errors and omissions insurance policies, as the case may be, and will furnish to the Indenture Trustee copies of all binders
and polices or certificates evidencing that such bonds, if any, and insurance policies are in full force and effect. 
 K. No
Adverse Claims, Etc. Against Receivables and Trust Property. HLSS hereby covenants that, except for the transfer hereunder and as of any date on which Additional Receivables are transferred, it will not sell, pledge, assign or transfer to any
other Person, or grant, create, incur or assume any Adverse Claim on any of the Aggregate Receivables, or any interest therein. HLSS shall notify the Depositor and its designees of the existence of any Adverse Claim (other than as provided above) on
any Receivable immediately upon discovery thereof; and HLSS shall defend the right, title and interest of the Depositor and its assignees in, to and under the Receivables against all claims of third parties claiming through or under it;
provided, however, that nothing in this Section 8 shall be deemed to apply to any Adverse Claims for municipal or other local taxes and other governmental charges if such taxes or governmental charges shall not at the time
be due and payable or if HLSS shall currently be contesting the validity thereof in good faith by appropriate Proceedings. HLSS shall take all actions as may be necessary to ensure that the ownership of the Receivables is conveyed to the Depositor
pursuant to this Agreement. In addition, HLSS shall take all actions as may be necessary to ensure that, if this Agreement were deemed to create, or does create, a security interest in the Receivables and the other Transferred Assets, such security
interest would be a perfected security interest of first priority under applicable law and will be maintained as such until the Receivables Sale Termination Date. 
 L. Taking of Necessary Actions. HLSS shall perform all actions necessary to sell and/or contribute, assign, transfer and convey the Aggregate Receivables to the Depositor and its assigns, including
the Issuer, including, without limitation, any necessary notifications to the MBS Trustees or other parties. 
 M.
Ownership. HLSS will take all necessary action to establish and maintain, irrevocably in the Depositor, legal and equitable title to the Aggregate Receivables and the related Transferred Assets, free and clear of any Adverse Claim (including,
without limitation, the filing of all financing statements or other similar instruments or documents necessary under the UCC (or any comparable law) in all appropriate jurisdictions to perfect the Depositor’s interest in such Aggregate
Receivables and related Transferred Assets and such other action to perfect, protect or more fully evidence the interest of the Depositor or the Indenture Trustee (as the Depositor’s assignee) may reasonably request). 

N. Depositors’ Reliance. HLSS acknowledges that the Indenture Trustee and the Noteholders are entering into the transactions
contemplated by the Transaction Documents in 

  
 30 

 
reliance upon the Depositor’s and Issuer’s identity as a legal entity that is separate from it. Therefore, from and after the date of execution and delivery of this Agreement, HLSS will
take all reasonable steps to maintain each of the Depositor’s and Issuer’s identity as a separate legal entity and to make it manifest to third parties that each of the Depositor and the Issuer is an entity with assets and liabilities
distinct from those of HLSS. Without limiting the generality of the foregoing and in addition to the other covenants set forth herein, HLSS (i) will not hold itself out to third parties as liable for the debts of either the Depositor or the
Issuer nor purport to own the Aggregate Receivables and other related Transferred Assets, (ii) will take all other actions necessary on its part to ensure that the facts and assumptions regarding it set forth in the opinion issued by Mayer
Brown LLP, dated as of the Effective Date, relating to substantive consolidation issues remain true and correct at all times. 

O. Name Change, Offices and Records. In the event HLSS makes any change to its name (within the meaning of Section 9-507(c)
of any applicable enactment of the UCC), type or jurisdiction of organization or location of its books and records, it shall notify the Depositor and the Indenture Trustee thereof and (except with respect to a change of location of books and
records) shall deliver to the Indenture Trustee not later than thirty (30) days after the effectiveness of such change (i) such financing statements (Forms UCC1 and UCC3) which the Indenture Trustee (acting at the direction of the
Administrative Agent) may reasonably request to reflect such name change, or change in type or jurisdiction of organization, (ii) if the Indenture Trustee shall so request, an opinion of outside counsel to HLSS, in form and substance reasonably
satisfactory to the Indenture Trustee, as to the grant or assignment from the Receivables Seller to the Depositor of a security interest in the Aggregate Receivables, if the transfers thereof by HLSS to the Depositor are determined not to be true
sales, and as to the perfection and priority of the Depositor’s security interest in the Aggregate Receivables in such event, and (iii) such other documents and instruments that the Indenture Trustee (acting at the direction of the
Administrative Agent) may reasonably request in connection therewith and shall take all other steps to ensure that the Depositor continues to have a first priority, perfected security interest in the Aggregate Receivables and the related Transferred
Assets. 
 P. Location of Jurisdiction of Organization and Records. In the case of a change in the jurisdiction of
organization of HLSS or in the case of a change in the “location” of HLSS for purposes of Section 9-307 of the UCC, HLSS must take all actions necessary or reasonably requested by the Depositor, the Issuer, the Administrative Agent or
the Indenture Trustee to amend its existing financing statements and continuation statements, and file additional financing statements and to take any other steps reasonably requested by the Depositor, the Issuer, the Administrative Agent or the
Indenture Trustee to further perfect or evidence the rights, claims or security interests of any of HLSS, the Depositor, the Issuer or any assignee or beneficiary of the Issuer’s rights under this Agreement, including the Indenture Trustee on
behalf of the Noteholders under any of the Transaction Documents. 
 Q. Amendments to the Purchase Agreement. HLSS,
hereby covenants and agrees not to amend the Purchase Agreement in any way that relates to the sale and/or contribution, assignment, transfer, and conveyance of Receivables hereunder, without the prior written consent of the Administrative Agent.

  
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 Section 9. Grant Clause. 

A. It is intended that the conveyance of OLS’s right, title and interest in, to and under the Receivables created prior to the MSR
Transfer Date and the OLS Transferred Assets to HLSS pursuant to this Agreement shall constitute, and shall be construed as, a sale of such OLS Additional Receivables and the OLS Transferred Assets and not a grant of a security interest to secure a
loan. However, if such conveyance is deemed to be in respect of a loan, it is intended that: (a) the rights and obligations of the parties shall be established pursuant to the terms of this Agreement; (b) OLS hereby grants to HLSS a first
priority security interest in all of its right, title and interest in, to and under, whether now owned or hereafter acquired, the OLS Additional Receivables and the OLS Transferred Assets to secure payment of such loan; and (c) this Agreement
shall constitute a security agreement under applicable law. OLS will, to the extent consistent with this Agreement, take such reasonable actions as may be necessary to ensure that, if this Agreement were deemed to create a security interest in the
OLS Additional Receivables and the OLS Transferred Assets, such security interest would be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of this Agreement. OLS will, at its
own expense, make all initial filings on or about the Effective Date. 
 B. It is intended that the conveyance of HLSS’s
right, title and interest in, to and under the Receivables and the other Transferred Assets to the Depositor pursuant to this Agreement shall constitute, and shall be construed as, a sale of such Receivables and the other Transferred Assets and not
a grant of a security interest to secure a loan. However, if such conveyance is deemed to be in respect of a loan, it is intended that: (a) the rights and obligations of the parties shall be established pursuant to the terms of this Agreement;
(b) HLSS hereby grants to the Depositor a first priority security interest in all of its right, title and interest in, to and under, whether now owned or hereafter acquired, the Receivables and the other Transferred Assets to secure payment of
such loan; and (c) this Agreement shall constitute a security agreement under applicable law. HLSS will, to the extent consistent with this Agreement, take such reasonable actions as may be necessary to ensure that, if this Agreement were
deemed to create a security interest in the Receivables and the other Transferred Assets, such security interest would be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of this
Agreement. HLSS will, at its own expense, make all initial filings on or about the Effective Date, and shall forward a copy of such filing or filings to the Indenture Trustee. 
 Section 10. Conveyance by Depositor; Grant by Issuer. 
 Each of
the Depositor and the Issuer shall have the right, upon notice to but without the consent of HLSS, to Grant, in whole or in part, its interest under this Agreement with respect to the Receivables to the Issuer and to the Indenture Trustee,
respectively, and the Indenture Trustee then shall succeed to all rights of the Depositor under this Agreement. All references to the Depositor in this Agreement shall be deemed to include its assignee or designee, specifically including the Issuer
and the Indenture Trustee. 

  
 32 

 Section 11. Protection of Indenture Trustee’s Security Interest in Trust
Estate. 
 A. HLSS shall maintain accounts and records as to each Receivable accurately and in sufficient detail to
permit the reader thereof to know at any time following reasonable prior notice delivered to it, the status of such Receivable, including payments and recoveries made and payments owing. 

B. HLSS shall maintain its records so that, from and after the time of the Granting of the security interest under the Indenture in the
Receivables to the Indenture Trustee, HLSS’s records as the case may be (including computer records any back-up archives) that refer to any Receivables indicate clearly the interest of the Indenture Trustee in such Receivables and that the
Receivable is held by the Indenture Trustee on behalf of the Noteholders. Indication of the Indenture Trustee’s interest in a Receivable shall be deleted from or modified on HLSS’s records when, and only when, the Receivable has been paid
in full or released from the lien of the Indenture pursuant to the Indenture. 
 Section 12. Indemnification by
OLS. 
 A. Without limiting any other rights that an OLS Indemnified Party may have hereunder or under applicable law,
OLS agrees to indemnify each OLS Indemnified Party from and against any and all OLS Indemnification Amounts which may be imposed on, incurred by or asserted against an OLS Indemnified Party in any way arising out of or relating to any breach of
OLS’s obligations under this Agreement or the ownership of the OLS Additional Receivables or in respect of any Receivable, excluding, however, OLS Indemnification Amounts to the extent resulting from (1) the negligence or willful
misconduct on the part of such OLS Indemnified Party or (2) the failure of a particular MBS Trust to generate sufficient cash flow to pay the Receivables attributable to that MBS Trust. 

B. Without limiting or being limited by the foregoing, OLS shall pay on demand to each OLS Indemnified Party any and all amounts
necessary to indemnify such OLS Indemnified Party from and against any and all OLS Indemnification Amounts relating to or resulting from: 
 (i) reliance on any representation or warranty made by OLS under or in connection with this Agreement, any other Transaction Document, any report or any other information delivered by it pursuant hereto,
which shall have been incorrect in any material respect when made or deemed made or delivered; 
 (ii) the
failure by OLS to comply with any term, provision or covenant contained in this Agreement, or any agreement executed by it in connection with this Agreement or any other Transaction Document or with any applicable law, rule or regulation with
respect to any Receivable, or the nonconformity of any Receivable with any such applicable law, rule or regulation; or 
 (iii) the failure of this Agreement to vest and maintain vested in HLSS, or to transfer, to HLSS, legal and equitable title to and ownership of the OLS Additional Receivables which are, or are purported
to be, Receivables, together with all collections in respect thereof, free and clear of any adverse claim (except as permitted hereunder) whether existing at the time of the transfer of such Receivable or at any time thereafter. 

  
 33 

 C. Any OLS Indemnification Amounts subject to the indemnification provisions of this
Section 12 shall be paid to the OLS Indemnified Party within five (5) Business Days following demand therefor. “OLS Indemnified Party” means any of HLSS, the Depositor, the Issuer, the Indenture Trustee and
the Noteholders with respect to this Section 12 only. “OLS Indemnification Amounts” means with respect to this Section 12 only, any and all claims, losses, liabilities, obligations, damages, penalties,
actions, judgments, suits, and related reasonable costs and reasonable expenses of any nature whatsoever, including reasonable attorneys’ fees and disbursements, incurred by an OLS Indemnified Party with respect to this Agreement as a result of
a breach by OLS, as described in Section 12(A), including without limitation, the enforcement hereof. 
 D. (i)
Promptly after an OLS Indemnified Party shall have been served with the summons or other first legal process or shall have received written notice of the threat of a claim in respect of which an indemnity may be claimed against OLS under this
Section 12, the OLS Indemnified Party shall notify OLS in writing of the service of such summons, other legal process or written notice, giving information therein as to the nature and basis of the claim, but failure so to notify OLS
shall not relieve OLS from any liability which it may have hereunder or otherwise except to the extent that OLS is prejudiced by such failure so to notify OLS. 
 (ii) OLS will be entitled, at its own expense, to participate in the defense of any such claim or action and, to the extent that it may wish, to assume the defense thereof, with counsel reasonably
satisfactory to such OLS Indemnified Party, and, after notice from OLS to such OLS Indemnified Party that OLS wishes to assume the defense of any such action, OLS will not be liable to such OLS Indemnified Party under this Section 12 for
any legal or other expenses subsequently incurred by such OLS Indemnified Party in connection with the defense of any such action unless, (A) the defendants in any such action include both the OLS Indemnified Party and OLS, and the OLS
Indemnified Party (upon the advice of counsel) shall have reasonably concluded that there may be legal defenses available to it that are different from or additional to those available to OLS, or one or more OLS Indemnified Parties, and which in the
reasonable judgment of such counsel are sufficient to create a conflict of interest for the same counsel to represent both OLS and such OLS Indemnified Party, (B) OLS shall not have employed counsel reasonably satisfactory to the OLS
Indemnified Party to represent the OLS Indemnified Party within a reasonable time after notice of commencement of the action, or (C) OLS shall have authorized the employment of counsel for the OLS Indemnified Party at OLS’s expense; then,
in any such event, such OLS Indemnified Party shall have the right to employ its own counsel in such action, and the reasonable fees and expenses of such counsel shall be borne by OLS; provided, however, that OLS shall not in
connection with any such action or separate but substantially similar or related actions arising out of the same general allegations or circumstances, be liable for any fees and expenses of more than one firm of attorneys at any time for all OLS
Indemnified Parties. Each OLS Indemnified Party, as a condition of the indemnity agreement contained herein, shall use its commercially reasonable efforts to cooperate with OLS in the defense of any such action or claim. 

(iii) OLS shall not, without the prior written consent of any OLS Indemnified Party, effect any settlement of any pending
or threatened proceeding in respect of which 

  
 34 

 
such OLS Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such OLS Indemnified Party, unless such settlement includes an unconditional release of
such OLS Indemnified Party from all liability on claims that are the subject matter of such proceeding or threatened proceeding. 
 Section 13. Indemnification by HLSS. 
 A. Without limiting any
other rights that an Indemnified Party may have hereunder or under applicable law, HLSS agrees to indemnify each Indemnified Party from and against any and all Indemnification Amounts which may be imposed on, incurred by or asserted against an
Indemnified Party in any way arising out of or relating to any breach of HLSS’s obligations under this Agreement or the ownership of the Aggregate Receivables or in respect of any Receivable, excluding, however, Indemnification Amounts to the
extent resulting from (1) the negligence or willful misconduct on the part of such Indemnified Party or (2) the failure of a particular MBS Trust to generate sufficient cash flow to pay the Receivables attributable to that MBS Trust.

 B. Without limiting or being limited by the foregoing, HLSS shall pay on demand to each Indemnified Party any and all amounts
necessary to indemnify such Indemnified Party from and against any and all Indemnification Amounts relating to or resulting from: 
 (i) reliance on any representation or warranty made by HLSS under or in connection with this Agreement, any other Transaction Document, any report or any other information delivered by it pursuant hereto,
which shall have been incorrect in any material respect when made or deemed made or delivered; 
 (ii) the
failure by HLSS to comply with any term, provision or covenant contained in this Agreement, or any agreement executed by it in connection with this Agreement or any other Transaction Document or with any applicable law, rule or regulation with
respect to any Receivable, or the nonconformity of any Receivable with any such applicable law, rule or regulation; or 
 (iii) the failure of this Agreement to vest and maintain vested in the Depositor, or to transfer, to the Depositor, legal and equitable title to and ownership of the Aggregate Receivables which are, or
are purported to be, Receivables, together with all collections in respect thereof, free and clear of any adverse claim (except as permitted hereunder) whether existing at the time of the transfer of such Receivable or at any time thereafter.

 C. Any Indemnification Amounts subject to the indemnification provisions of this Section 13 shall be paid to the
Indemnified Party within five (5) Business Days following demand therefor. “Indemnified Party” means, with respect to this Section 13 only, any of the Depositor, the Issuer, the Indenture Trustee and the
Noteholders. “Indemnification Amounts” means, with respect to this Section 13 only, any and all claims, losses, liabilities, obligations, damages, penalties, actions, judgments, suits, and related reasonable costs
and reasonable expenses of any nature whatsoever, including reasonable attorneys’ fees and disbursements, 

  
 35 

 
incurred by an Indemnified Party with respect to this Agreement as a result of a breach by HLSS, as described in Section 13(A), including without limitation, the enforcement hereof.

 D. (i) Promptly after an Indemnified Party shall have been served with the summons or other first legal process or shall have
received written notice of the threat of a claim in respect of which an indemnity may be claimed against HLSS under this Section 13, the Indemnified Party shall notify HLSS in writing of the service of such summons, other legal process
or written notice, giving information therein as to the nature and basis of the claim, but failure so to notify HLSS shall not relieve HLSS from any liability which it may have hereunder or otherwise except to the extent that HLSS is prejudiced by
such failure so to notify HLSS. 
 (ii) HLSS will be entitled, at its own expense, to participate in the defense
of any such claim or action and, to the extent that it may wish, to assume the defense thereof, with counsel reasonably satisfactory to such Indemnified Party, and, after notice from HLSS to such Indemnified Party that HLSS wishes to assume the
defense of any such action, HLSS will not be liable to such Indemnified Party under this Section 13 for any legal or other expenses subsequently incurred by such Indemnified Party in connection with the defense of any such action unless,
(A) the defendants in any such action include both the Indemnified Party and HLSS, and the Indemnified Party (upon the advice of counsel) shall have reasonably concluded that there may be legal defenses available to it that are different from
or additional to those available to HLSS, or one or more Indemnified Parties, and which in the reasonable judgment of such counsel are sufficient to create a conflict of interest for the same counsel to represent both HLSS and such Indemnified
Party, (B) HLSS shall not have employed counsel reasonably satisfactory to the Indemnified Party to represent the Indemnified Party within a reasonable time after notice of commencement of the action, or (C) HLSS shall have authorized the
employment of counsel for the Indemnified Party at HLSS’s expense; then, in any such event, such Indemnified Party shall have the right to employ its own counsel in such action, and the reasonable fees and expenses of such counsel shall be
borne by HLSS; provided, however, that HLSS shall not in connection with any such action or separate but substantially similar or related actions arising out of the same general allegations or circumstances, be liable for any fees and
expenses of more than one firm of attorneys at any time for all Indemnified Parties. Each Indemnified Party, as a condition of the indemnity agreement contained herein, shall use its commercially reasonable efforts to cooperate with HLSS in the
defense of any such action or claim. 
 (iii) HLSS shall not, without the prior written consent of any
Indemnified Party, effect any settlement of any pending or threatened proceeding in respect of which such Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such
settlement includes an unconditional release of such Indemnified Party from all liability on claims that are the subject matter of such proceeding or threatened proceeding. 
 Section 14. Miscellaneous. 
 A. Amendment. This
Agreement may not be amended except by an instrument in writing signed by OLS (prior to the MSR Transfer Date), HLSS and the Depositor. In addition, 

  
 36 

 
so long as the Notes are outstanding, this Agreement may not be amended without the prior written consent of more than 50% of the Holders of all Outstanding Notes, each Supplemental Credit
Enhancement Provider and each Liquidity Provider unless (i) the amendment is for a purpose for which the Indenture could be amended without any Noteholder consent and (ii) HLSS shall have delivered to the Indenture Trustee an
officer’s certificate to the effect that HLSS reasonably believes that any such amendment will not have an Adverse Effect on the Holders of the Notes. Any such amendment requested by HLSS shall be at its own expense. HLSS, as servicer (on or
after the MSR Transfer Date), shall promptly notify each Note Rating Agency of any amendment of this Agreement or of the Receivables Pooling Agreement, and shall furnish a copy of any such amendment to each such Note Rating Agency. 

B. Binding Nature; Assignment. The covenants, agreements, rights and obligations contained in this Agreement shall be binding upon
the successors and assigns of OLS (prior to the MSR Transfer Date) and HLSS and shall inure to the benefit of the successors and assigns of HLSS (prior to the MSR Transfer Date) and the Depositor, and all persons claiming by, through or under HLSS
(prior to the MSR Transfer Date) or the Depositor. 
 C. Entire Agreement. This Agreement contains the entire agreement
and understanding among the parties hereto with respect to the subject matter hereof, and supersedes all prior and contemporaneous agreements, understandings, inducements and conditions, express or implied, oral or written, of any nature whatsoever
with respect to the subject matter hereof. The express terms hereof control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms hereof. 

D. Derivative Instrument. The parties hereto mutually acknowledge and agree that HLSS shall have the right under this Agreement,
at any time and from time to time, to convey to the Depositor a prepaid derivative, credit enhancement agreement or similar instruments, without the consent of the Holders of the Notes. 

E. Severability of Provisions. Any provision of this Agreement which is prohibited, unenforceable or not authorized in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition, unenforceability or non-authorization without invalidating the remaining provisions hereof or affecting the validity, enforceability or legality of such
provision in any other jurisdiction. 
 F. Governing Law. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE
ARISING UNDER OR RELATED TO OR IN CONNECTION WITH THIS AGREEMENT, THE RELATIONSHIP OF THE PARTIES, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK (WITHOUT REFERENCE TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 
 G. Counterparts. This Agreement may be executed in several counterparts and all so executed shall constitute one agreement binding on all parties hereto, notwithstanding that all the

  
 37 

 
parties have not signed the original or the same counterpart. Any counterpart hereof signed by a party against whom enforcement of this Agreement is sought shall be admissible into evidence as an
original hereof to prove the contents thereof. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or other electronic means shall be effective as delivery of a manually executed counterpart of this Agreement.

 H. Indulgences; No Waivers. Neither the failure nor any delay on the part of a party to exercise any right, remedy,
power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or future exercise of the same or of any other right, remedy, power or
privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver. 

I. Headings Not to Affect Interpretation. The headings contained in this Agreement are for convenience of reference only, and they
shall not be used in the interpretation hereof. 
 J. Benefits of Agreement. Nothing in this Agreement, express or
implied, shall give to any Person, other than the parties to this Agreement and their successors hereunder, any benefit of any legal or equitable right, power, remedy or claim under this Agreement. 

K. No Petition. HLSS, by entering into this Agreement, agrees that it will not at any time prior to the date which is one year and
one day, or, if longer, the applicable preference period then in effect, after the payment in full of all of the Notes, institute against the Depositor or the Issuer, or join in any institution against the Depositor or the Issuer of, Insolvency
Proceedings or other similar proceedings, or other proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Notes or this Agreement, or cause the Depositor or the Issuer to
commence any reorganization, bankruptcy proceedings, or Insolvency Proceedings under any applicable state or federal law, including without limitation any readjustment of debt, or marshaling of assets or liabilities or similar proceedings. This
Section 14(K) shall survive termination of this Agreement. 
 [Signature Pages Follow] 

  
 38 

 IN WITNESS WHEREOF, the parties hereto have caused this Receivables Sale Agreement to be
duly executed as of the date first above written. 
  

									
		 		 	 HLSS HOLDINGS, LLC, as Receivables Seller and as
 Servicer (on or after the MSR Transfer Date)

					
		 		 		 	 By:
	 	 
		 		 		 	 Name:
	 	
		 		 		 	 Title:
	 	
			
		 		 	 OCWEN LOAN SERVICING, LLC, as Initial
 Receivables Seller (prior to the MSR Transfer Date) and
 as Servicer (prior to the MSR Transfer
Date)

					
		 		 		 	 By:
	 	 
		 		 		 	 Name:
	 	
		 		 		 	 Title:
	 	

 [Signatures continue] 
 [HLSS - Signature Page to 2010-ADV1 Amended and Restated Receivables Sale Agreement] 

									
		 		 	 HOMEQ SERVICER ADVANCE FACILITY
 TRANSFEROR, LLC, as Depositor

					
		 		 		 	 By:
	 	 
		 		 		 	 Name:
	 	
		 		 		 	 Title:
	 	

 [Signatures continue] 
 [HLSS - Signature Page to 2010-ADV1 Amended and Restated Receivables Sale Agreement] 

 Acknowledged and Agreed as of the date first above written: 

 

									
	 SHEFFIELD RECEIVABLES CORPORATION, as
 sole Holder of the Class A-1 Notes, the Class A-2 Notes,
 the Class B Notes and the Class C
Notes
	 		 	
			
	 By: Barclays Bank PLC, as Attorney-in-Fact
	 		 	
					
	 By:
	 	 	 		 		 	
	 Name:
	 	 	 		 		 	
	 Title:
	 	 	 		 		 	
			
	 BARCLAYS BANK PLC, as Administrative Agent and
 100% Holder of the Class D Notes
	 		 	
					
	 By:
	 	 	 		 		 	
	 Name:
	 	 	 		 		 	
	 Title:
	 	 	 		 		 	

 [End of signatures] 
 [HLSS - Signature Page to 2010-ADV1 Amended and Restated Receivables Sale Agreement] 

 Schedule 1-A 

ASSIGNMENT OF RECEIVABLES 
 Dated as of [                    ], 2011 

This Assignment of Receivables (this “Assignment”) is a schedule to and is hereby incorporated by this reference
into a certain Amended and Restated Receivables Sale Agreement (the “Agreement”), dated as of [                ], 2011, by and among Ocwen
Loan Servicing, LLC, a Delaware Limited Liability Company, as initial receivables seller (prior to the MSR Transfer Date) and as servicer (prior to the MSR Transfer Date) HLSS Holdings, LLC, a Delaware limited liability company, as receivables
seller and servicer (on and after the MSR Transfer Date) (“HLSS”), and HomEq Servicer Advance Facility Transferor, LLC, a Delaware limited liability company (the “Depositor”). All capitalized terms
used herein shall have the meanings set forth in, or referred to in, the Agreement. 
 By its signature to this Assignment, OLS
hereby sells and/or contributes, assigns, transfers and conveys to HLSS and its assignees, without recourse, but subject to the terms of the Agreement, all of its right, title and interest in, to and under its rights to reimbursement for Receivables
arising under each Designated Servicing Agreement listed on Attachment A attached hereto, existing on the date of this Assignment and any OLS Additional Receivables arising under each Designated Servicing Agreement listed on
Attachment A, on or before the related Receivables Sale Termination Date, the other OLS Transferred Assets related to such Receivables described in Section 2(A) of the Agreement, pursuant to the terms of the Agreement, and HLSS
hereby accepts such sale and/or contribution, assignment, transfer and conveyance and agrees to transfer to OLS, as receivables seller, the consideration set forth in the Agreement. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be duly executed as of
the date first above written. 
  

									
		 		 	 OCWEN LOAN SERVICING, LLC as Initial
 Receivables Seller (prior to the MSR Transfer Date) and
 as Servicer (prior to the MSR Transfer
Date)

					
		 		 		 	 By:
	 	 
		 		 		 	 Name:
	 	
		 		 		 	 Title:
	 	

 [Signatures continue] 
 [HLSS - Signature Page to Schedule 1 to 2010-ADV1 Amended and Restated Receivables Sale Agreement - 
 Assignment of Receivables] 

									
		 		 	 HLSS HOLDINGS, LLC, as Receivables Seller and as
 Servicer (on or after the MSR Transfer Date)

					
		 		 		 	 By:
	 	 
		 		 		 	 Name:
	 	
		 		 		 	 Title:
	 	

 [End of signatures] 
 [HLSS - Signature Page to Schedule 1 to 2010-ADV1 Amended and Restated Receivables Sale Agreement - 
 Assignment of Receivables] 

 Schedule 1-B 

ASSIGNMENT OF RECEIVABLES 
 Dated as of [                    ], 2011 

This Assignment of Receivables (this “Assignment”) is a schedule to and is hereby incorporated by this reference
into a certain Amended and Restated Receivables Sale Agreement (the “Agreement”), dated as of [                ], 2011, by and between
among Ocwen Loan Servicing, LLC, a Delaware Limited Liability Company, as initial receivables seller (prior to the MSR Transfer Date) and as servicer (prior to the MSR Transfer Date) HLSS Holdings, LLC, a Delaware limited liability company, as
receivables seller and servicer (on and after the MSR Transfer Date) (“HLSS”), and HomEq Servicer Advance Facility Transferor, LLC, a Delaware limited liability company (the “Depositor”). All
capitalized terms used herein shall have the meanings set forth in, or referred to in, the Agreement. 
 By its signature to
this Assignment, HLSS hereby sells and/or contributes, assigns, transfers and conveys to the Depositor and its assignees, without recourse, but subject to the terms of the Agreement, all of its right, title and interest in, to and under its rights
to reimbursement for Receivables arising under each Designated Servicing Agreement listed on Attachment A attached hereto, existing on the date of this Assignment and any Additional Receivables arising under each Designated Servicing
Agreement listed on Attachment A, on or before the related Receivables Sale Termination Date, the other Transferred Assets related to such Receivables described in Section 2(A) of the Agreement, pursuant to the terms of the
Agreement, and the Depositor hereby accepts such sale and/or contribution, assignment, transfer and conveyance and agrees to transfer to HLSS, as receivables seller, the consideration set forth in the Agreement. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be duly executed as of
the date first above written. 
  

									
		 		 	 HLSS HOLDINGS, LLC, as Receivables Seller and as
 Servicer (on or after the MSR Transfer Date)

					
		 		 		 	 By:
	 	 
		 		 		 	 Name:
	 	
		 		 		 	 Title:
	 	

 [Signatures continue] 

									
		 		 	 HOMEQ SERVICER ADVANCE FACILITY
 TRANSFEROR, LLC, as Depositor

					
		 		 		 	 By:
	 	 
		 		 		 	 Name:
	 	
		 		 		 	 Title:
	 	

 [End of signatures] 

 Attachment A to Schedule 1-A and Schedule 1-B 

DESIGNATED SERVICING AGREEMENTS RELATED TO ADDITIONAL RECEIVABLESForm of Professional Services Agreement

 EXHIBIT 10.8 
 PROFESSIONAL SERVICES AGREEMENT (OCWEN), dated as of             , 2011 (the “Effective Date”), between Home Loan
Servicing Solutions, Ltd., an exempted Cayman Islands company together with its subsidiaries and affiliates (“HLSS”) and Ocwen Financial Corporation, a Florida corporation together with its subsidiaries and affiliates
(“OCWEN”). 
 RECITALS 
 WHEREAS, each of HLSS and OCWEN desire to engage each other to provide various Services and/or Additional Services pursuant to the terms and conditions set forth herein, and the parties hereto desire to
provide such Services and/or Additional Services to each other. 
 NOW, THEREFORE, in consideration of the mutual agreements,
provisions and covenants contained in this Agreement, the parties agree as follows: 
 1. Definitions. 

For the purposes of this Agreement, the following terms shall have the following meanings: 

“Action” means any demand, action, suit, countersuit, arbitration, inquiry, proceeding or investigation by or before any
Governmental Authority or any federal, state, local, foreign or international arbitration or mediation tribunal. 

“Affiliate” means with respect to any Person (a “Principal”) (a) any directly or indirectly
wholly-owned subsidiary of such Principal, (b) any Person that directly or indirectly owns 100% of the voting stock of such Principal or (c) a Person that controls, is controlled by or is under common control with such Principal. As used
herein, “control” of any entity means the possession, directly or indirectly, through one or more intermediaries, of the power to direct or cause the direction of the management or policies of such entity, whether through ownership of
voting securities or other interests, by contract or otherwise. Furthermore, with respect to any Person that is partially owned by such Principal and does not otherwise constitute an Affiliate (a “Partially-Owned Person”), such
Partially-Owned Person shall be considered an Affiliate of such Principal for purposes of this Agreement if such Principal can, after making a good faith effort to do so, legally bind such Partially-Owned Person to this Agreement. 

“Agreement” means this Services Agreement, including the Schedules hereto and any SOWs entered into pursuant to
Section 2(b). 
 “Fully Allocated Cost” means, with respect to provision of a Service and/or an Additional
Service, the all-in actual cost of the party providing such Service and/or Additional Service, including all amounts for compensation and benefits (including any incentive amounts awarded pertaining to the Services and/or Additional services
provided hereunder), technology expenses, occupancy, office and equipment expense, and third-party payments incurred in connection with the provision of such Service and/or Additional Service, plus an applicable mark up which shall initially be 15%
and which may be adjusted from time to time as agreed to by the parties, including any Taxes payable as a result of performance of such Service and/or Additional Service. 

 “Governmental Authority” shall mean any federal, state, local, foreign or
international court, government, department, commission, board, bureau, agency, official or other legislative, judicial, regulatory, administrative or governmental authority. 
 “Information” means information, whether or not patentable or copyrightable, in written, oral, electronic or other tangible or intangible forms, stored in any medium, including studies,
reports, records, books, contracts, instruments, surveys, discoveries, ideas, concepts, know-how, techniques, designs, specifications, drawings, blueprints, diagrams, models, prototypes, samples, flow charts, data, computer data, disks, diskettes,
tapes, algorithms, computer programs or other software, marketing plans, customer names, communications by or to attorneys (including attorney-client privileged communications), memos and other materials prepared by attorneys or under their
direction (including attorney work product), and other technical, financial, employee or business information or data. 

“Intellectual Property” means all domestic and foreign patents, copyrights, trade names, domain names, trademarks,
service marks, registrations and applications for any of the foregoing, databases, mask works, Information, inventions (whether or not patentable or patented), processes, know-how, procedures, computer applications, programs and other software,
including operating software, network software, firmware, middleware, design software, design tools, systems documentation, manuals, and instructions, other proprietary information, and licenses from third parties granting the right to use any of
the foregoing. 
 “Person” means an individual, a general or limited partnership, a corporation, a trust, a
joint venture, an unincorporated organization, a limited liability entity, any other entity and any Governmental Authority. 

“Services” means any services that may be provided by one party herto to the other and set forth on Schedules I and II
and any SOWs related thereto. 
 “SOW” means a statement of work entered into between the parties on an
as-needed basis to describe an Additional Service to be performed hereunder. Any SOW shall be agreed to by each party, shall be in writing and (i) shall contain: (a) a description of the Services to be performed thereunder; (b) the
applicable performance standard for the provision of such service, if different from the Performance Standard; and (c) the amount, schedule and method of compensation for provision of such service, which shall estimate the Fully Allocated Cost
of such service; and (ii) may contain the (x) receiving party’s standard operating procedures for receipt of services similar to such Service, including operations, compliance requirements and related training schedules;
(y) information technology support requirements of the receiving party with respect to such Service; and (z) training and support commitments with respect to the party providing such Service. For the avoidance of doubt, the terms and
conditions of this Agreement shall apply to any SOW except to the extent of a conflict between a provision of this Agreement and the SOW, in which case, the terms of the SOW shall control. 

2. Provision of Services. 
 (a) Generally. Subject to the terms and conditions of this Agreement, (i) each party hereto shall provide, or cause to be provided, to the other party, solely for the benefit of such other
party’s business in the ordinary course of business, the Services, in each case for periods commencing on the Effective Date through the respective period specified on Schedules I and II (the “Service Period”),
unless such period is earlier terminated in accordance with Section 5. 

  
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 (b) Additional Services. In addition to the services provided as set forth on
Schedules I and II, from time to time during the term of this Agreement the parties shall have the right to enter into SOWs to set forth the terms of any related or additional services to be performed hereunder (“Additional
Services”). 
 (c) The Services and the Additional Services shall be performed on business days during hours that
constitute regular business hours for each of HLSS and OCWEN, unless otherwise agreed. Neither party shall resell, subcontract, license, sublicense or otherwise transfer any of the Services and/or Additional Services to any Person whatsoever or
permit use of any of the Services and/or Additional Services by any Person other than by such party receiving the Services hereunder directly in connection with the conduct of its business in the ordinary course. 

(d) Unless agreed separately by the parties, each party shall have the exclusive right to select, employ, pay, supervise, administer,
direct and discharge any of its employees who will perform Services and/or Additional Services. Each party shall be responsible for paying its own, and not the other party’s, employees’ compensation and providing to such employees any
benefits. With respect to each Service and/or Additional Service, the party providing such service shall use commercially reasonable efforts to have qualified individuals participate in the provision of such Service and/or Additional Service;
provided, however, that (i) neither party shall be obligated to have any individual participate in the provision of any Service and/or Additional Service if that party determines that such participation would adversely affect that party
or its Affiliates; and (ii) neither party nor its Affiliates shall be required to continue to employ any particular individual during the applicable Service Period. 
 (e) Each party may engage third-party contractors, at a reasonable cost, to perform any of the Services and/or Additional Services, to provide professional services related to any of the Services and/or
Additional Services, or to provide any secretarial, administrative, telephone, e-mail or other services necessary or ancillary to the Services (all of which may be contracted for separately by such party on the other party’s behalf). Each party
shall use reasonable commercial efforts to give notice to the other party, reasonably in advance of the commencement of such Services and/or Additional Services to be so provided by such contractors, of the identity of such contractors, each Service
and/or Additional Service to be provided by such contractors and a good faith estimate of the cost (or formula for determining the cost) of the Services and/or Additional Services to be so provided by such contractors. 

3. Standard of Performance. 
 (a) Each party shall use commercially reasonable efforts to provide, or cause to be provided, each Service and/or Additional Service in a manner generally consistent with the manner and level of care with
which such Service and/or Additional Service is performed by such party for its own behalf (the “Performance Standard”), unless otherwise specified in this Agreement. Notwithstanding the foregoing, neither party shall have any
obligation hereunder to provide the other party with any improvements, upgrades, updates, substitutions, modifications or 

  
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enhancements to any of the Services and/or Additional Services unless otherwise specified on Schedules I and II. Each party acknowledges and agrees that the other party may be
providing services similar to the Services and/or Additional Services provided hereunder and/or services that involve the same resources as those used to provide the Services and/or Additional Services to itself and its own Affiliates’ business
units as well as other third parties, and, accordingly, each party reserves the right to modify any of the Services and/or Additional Services or the manner in which any of the Services and/or Additional Services are provided in the ordinary course
of business; provided, however, that no such modification shall materially diminish the Services and/or Additional Services or have a materially adverse effect on the business of the party receiving such Services and/or Additional Services.

 (b) Each party will use commercially reasonable efforts to provide the Services and/or Additional Services within a time
frame so as not to materially disrupt the business of the other party. 
 (c) Each party shall provide disaster recovery and
data backup services related to the Services and/or Additional Services, provided that such disaster recovery and data backup services are generally performed by such party for its own behalf. To the extent that such disaster recovery and data
backup services are not performed by the party providing such Services and/or Additional Services for its own behalf, such party shall not be obliged to perform such services and shall provide the other party with advance written notice of the date
upon which such services will be provided. 
 4. Fees, Invoicing and Payment. 

(a) As compensation for a particular Service or Additional Service, the party receiving such Service or Additional Service agrees to pay
the other party the Fully Allocated Cost of providing the Services and/or Additional Services in accordance with this Agreement or such other compensation amount or methodology as specified in such SOW. 

(b) Each party shall submit statements of account to the other party on a monthly basis with respect to all amounts payable by the other
party hereunder (the “Invoiced Amount”), setting out the Services and/or Additional Services provided, and the amount billed to other party as a result of providing such Services and/or Additional Services (together with, in
arrears, any Commingled Invoice Statement (as defined below) and any other invoices for Services and/or Additional Services provided by third parties, in each case setting out the Services and/or Additional Services provided by the applicable third
parties). The party receiving such Services and/or Additional Services shall pay the Invoiced Amount to the other party by wire transfer of immediately available funds to an account or accounts specified by such other party, or in such other manner
as specified by such other party in writing, or otherwise reasonably agreed to by the parties, within 30 days of the date of delivery to the party receiving such Services and/or Additional Services of the applicable statement of account;
provided, that, in the event of any dispute as to an Invoiced Amount, the party receiving such Services and/or Additional Services shall pay the undisputed portion, if any, of such Invoiced Amount in accordance with the foregoing, and shall
pay the remaining amount, if any, promptly upon resolution of such dispute. 

  
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 (c) Each party may cause any third party to which amounts are payable by or for the account
of the other party in connection with Services and/or Additional Services to issue a separate invoice to the other party for such amounts. Such other party shall pay or cause to be paid any such separate third party invoice in accordance with the
payment terms thereof. Any third party invoices that aggregate Services and/or Additional Services for the benefit of both parties and/or any other Person(s) (each, a “Commingled Invoice”) shall be separated so as to be properly
allocated to the applicable party and/or other Person(s). Any party receiving a Commingled Invoice shall (i) prepare a statement indicating that portion of the invoiced amount of such Commingled Invoice that is attributable to Services and/or
the Additional Services rendered for the benefit of the other party (the “Commingled Invoice Statement”) and (ii) deliver such Commingled Invoice Statement and a copy of the Commingled Invoice to the other party. The other
party shall, within 30 days after the date of delivery of such Commingled Invoice Statement, pay or cause to be paid the amount set forth on such Commingled Invoice Statement to the third party, and shall deliver evidence of such payment to the
party providing the Commingled Invoice Statement. Neither party shall be required to use its own funds for payments to any third party providing any of the Services and/or Additional Services or to satisfy any payment obligation of the other party
or any of its Affiliates to any third party provider; provided, however, that in the event a party does use its own funds for any such payments to any third party, the other party shall reimburse such party for such payments as invoiced by such
party within 30 days following the date of delivery of such invoice from such party. 
 (d) Either party may, in its discretion
and without any liability, suspend any performance under this Agreement upon failure of the other party to make timely any payments required under this Agreement beyond the applicable cure date specified in Section 5(b)(6) of this
Agreement. 
 (e) In the event that a party does not make any payment required under the provisions of this Agreement to the
other party when due in accordance with the terms hereof, the other party may, at its option, charge the non-paying party interest on the unpaid amount at the rate of 2% per annum above the prime rate charged by JPMorgan Chase Bank, N.A. (or
its successor). In addition, the non-paying party shall reimburse the other party for all costs of collection of overdue amounts, including any reimbursement required under Section 4(c) and any reasonable attorneys’ fees.

 (f) Each party acknowledges and agrees that it shall be responsible for any interest or other amounts with respect to any
portion of any Commingled Invoice that such party is required to pay or the other party pays on such party’s behalf pursuant to any Commingled Invoice Statement. 
 5. Term; Termination. 
 (a) Term. The term of this Agreement shall
commence on the Effective Date and shall continue in full force and effect for six (6) years (“Initial Term”) or the earlier date upon which this Agreement has been otherwise terminated in accordance with the terms hereof. At the end
of the Initial Term, this Agreement shall automatic renew for additional successive terms of six (6) years. Upon the expiration of the Initial Term, either party may terminate this Agreement by providing a 90 day’s prior written notice of
termination to the other party. 

  
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 (b) Termination. During the term of this Agreement, this Agreement (or, with respect
to items (1), (3), (4), (5) and (6) below, the particular SOW only) may be terminated: 
 (1) by either party,
if such party is prohibited by law from either receiving or providing such Services and/or Additional Services; 
 (2) by the non-breaching party, in the event of a material breach of any covenant or representation and warranty contained herein or otherwise directly relating to or affecting the Services and/or
Additional Services to be provided hereunder that cannot be or has not been cured by the 60th day from the non-breaching party giving written notice of such breach to the breaching party and to the extent that the breaching party is not working diligently to cure such breach; 

(3) by a party receiving Services and/or Additional Services, if the party providing such Services
and/or Additional Services fails to comply with all applicable regulations to which it is subject directly relating to or affecting the Services and/or Additional Services to be performed hereunder, which failure cannot be or has not been cured by
the 60th day from the party receiving Services and/or
Additional Services giving written notice of such failure to the other party and to the extent that the party is not working diligently to cure such breach; 

(4) by a party receiving Services and/or Additional Services, if the party providing such Services
and/or Additional Services is cited by a Governmental Authority for materially violating any law governing the performance of a Service and/or Additional Service, which violation cannot be or has not been cured by the 60th day from the receiving party’s giving written notice of such
citation to the other party and to the extent that the other party is not working diligently to cure such breach; 
 (5) by a party receiving Services and/or Additional Services, if the other party fails to meet any Performance Standard for a period of three consecutive months, which failure cannot be or has not been
cured by the 30th day from the party receiving Services
and/or Additional Services’ giving written notice of such failure to the other party and to the extent that the other party is not working diligently to cure such breach; 

(6) by a party providing Services and/or Additional Services, if the other party fails to make any
payment for any portion of Services and/or Additional Services the payment of which is not being disputed in good faith by the other party, which payment remains unmade by the 30th day from the party receiving Services and/or Additional Services’ giving of written notice of such failure to the
other party; 

  
 6 

 (7) by either party, if the other party (A) becomes insolvent,
(B) files a petition in bankruptcy or insolvency, is adjudicated bankrupt or insolvent or files any petition or answer seeking reorganization, readjustment or arrangement of its business under any law relating to bankruptcy or insolvency, or if
a receiver, trustee or liquidator is appointed for any of the property of the other party and within 60 days thereof such party fails to secure a dismissal thereof or (C) makes any assignment for the benefit of creditors; and 

(8) by mutual agreement of both parties. 
 (c) No termination, cancellation or expiration of this Agreement shall prejudice the right of any party to receive payment due at the time of termination, cancellation or expiration (or any payment
accruing as a result thereof), nor shall it prejudice any cause of action or claim of either party hereto accrued or to accrue by reason of any breach or default by the other party hereto. 

(d) Notwithstanding any provision herein to the contrary, Sections 4, 6 and 9 through 16 of this Agreement
shall survive the termination of this Agreement. 
 6. Miscellaneous. 

(a) Counterparts; Entire Agreement; Corporate Power. 

(1) This Agreement may be executed in one or more counterparts, including by facsimile or by e-mail delivery of a
“.pdf” format data file, all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each party hereto or thereto and delivered to the other parties hereto or
thereto. 
 (2) This Agreement, any SOWs and the exhibits, schedules and appendices hereto and thereto contain
the entire agreement between the Parties with respect to the subject matter hereof, supersede all previous agreements, negotiations, discussions, writings, understandings, commitments and conversations with respect to such subject matter and there
are no agreements or understandings between the Parties with respect to the subject matter hereof other than those set forth or referred to herein or therein. 
 (3) Each party hereto represents, as follows: 
 (i) It has the
requisite corporate or other power and authority and has taken all corporate or other action necessary in order to execute, deliver and perform this Agreement; and 

(ii) This Agreement has been duly executed and delivered by it and constitutes, a valid and binding agreement
enforceable in accordance with the terms hereof. 

  
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 (b) Governing Law. This Agreement shall be governed by and construed and interpreted
in accordance with the laws of the State of New York irrespective of the choice of law principles. 
 (c) Third Party
Beneficiaries. Except for the indemnification rights under this Agreement of any HLSS Indemnitee or OCWEN Indemnitee in their respective capacities as such, (a) the provisions of this Agreement are solely for the benefit of the parties
hereto or thereto and are not intended to confer upon any Person except the parties hereto or thereto any rights or remedies hereunder and (b) there are no third party beneficiaries of this Agreement and this Agreement shall not provide any
third person with any remedy, claim, liability, reimbursement, cause of action or other right in excess of those existing without reference to this Agreement. 
 (d) Notices. All notices and other communications hereunder shall be in writing and shall be deemed given: (a) upon receipt if delivered personally or if mailed by registered or certified
mail, return receipt requested and postage prepaid or (b) at noon on the business day after dispatch if sent by a nationally recognized overnight courier; and (c) when (a) or (b) has occurred and a copy is sent and
received by the telecopy number set forth below. All notices shall be delivered to the following address and telecopy number (or at such other address or telecopy number a party may specify by like notice): 

If to HLSS, to: 
 Home Loan Servicing Solutions, Ltd. 
 2002 Sumit Blvd., Suite 600

 Atlanta, GA 30319 
 Attention: General Counsel 
 Telecopy: (770) 644-7420

 Confirmation Number: (561) 682-7130 

If to OCWEN to: 
 Ocwen Financial Corporation 
 1661 Worthington Road, Suite 100

 West Palm Beach, Florida 33409 

Attention: Corporate Secretary 
 Telecopy: 561-682-8177 
 Confirmation number: 561-682-8887

 (e) Severability. If any provision of this Agreement or the application thereof to any Person or circumstance is
determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof or thereof, or the application of such provision to Persons or circumstances or in jurisdictions other than those as to which it
has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby, so long as the economic or legal substance of the transactions contemplated hereby or thereby, as the
case may be, is not affected in any manner materially adverse to either Party. Upon any such determination, the Parties shall negotiate in good faith in an effort to agree upon a suitable and equitable provision to effect the original intent of the
Parties. 

  
 8 

 (f) Headings. The article, section and paragraph headings contained in this Agreement
are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 
 (g)
Waivers of Default. Waiver by any party hereto of any default of any provision of this Agreement shall not be deemed a waiver by the waiving party of any subsequent or other default. 

(h) Specific Performance. Notwithstanding the procedures set forth in Section 10, in the event of any actual or
threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement, the party or parties who are to be hereby or thereby aggrieved shall have the right to specific performance and injunctive or other equitable relief
of its rights under this Agreement, in addition to any and all other rights and remedies at law or in equity, and all such rights and remedies shall be cumulative. The other party or parties shall not oppose the granting of such relief. The parties
to this Agreement agree that the remedies at law for any breach or threatened breach hereof or thereof, including monetary damages, are inadequate compensation for any loss and that any defense in any action for specific performance that a remedy at
law would be adequate is waived. Any requirements for the securing or posting of any bond with such remedy are waived. 
 (i)
Amendments. No provisions of this Agreement shall be deemed waived, amended, supplemented or modified by any party hereto or thereto, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized
representative of the party against whom it is sought to enforce such waiver, amendment, supplement or modification. 
 (j)
Interpretation. Words in the singular shall be held to include the plural and vice versa and words of one gender shall be held to include the other genders as the context requires. The terms “hereof,” “herein, “and
“herewith” and words of similar import, unless otherwise stated, shall be construed to refer to this Agreement (including all of the schedules, exhibits and appendices hereto) and not to any particular provision of this Agreement. Article,
Section, Exhibit, Schedule and Appendix references are to the articles, sections, exhibits, schedules and appendices of or to this Agreement unless otherwise specified. Any reference herein to this Agreement, unless otherwise stated, shall be
construed to refer to this Agreement as amended, supplemented or otherwise modified from time to time. The word “including” and words of similar import when used in this Agreement shall mean “including, without limitation,”
unless the context otherwise requires or unless otherwise specified. The word “or” shall not be exclusive. There shall be no presumption of interpreting this Agreement or any provision hereof against the draftsperson of this Agreement or
any such provision. 
 (k) Jurisdiction; Service of Process. Any action or proceeding arising out of or relating to this
Agreement shall be brought in the courts of the State of New York (if any party to such action or proceeding has or can acquire jurisdiction), and each of the parties hereto or thereto irrevocably submits to the exclusive jurisdiction of each such
court in any such action or proceeding, waives any objection it may now or hereafter have to venue or to convenience of forum, agrees that all claims in respect of the action or proceeding shall be heard and determined only in any such court and
agrees not to bring any action or proceeding arising out 

  
 9 

 
of or relating to this Agreement in any other court. The parties to this Agreement agree that any of them may file a copy of this paragraph with any court as written evidence of the knowing,
voluntary and bargained agreement between the parties hereto and thereto irrevocably to waive any objections to venue or to convenience of forum. Process in any action or proceeding referred to in the first sentence of this Section may be served on
any party to this Agreement anywhere in the world. 
 (l) Waiver of Jury Trial. EACH PARTY KNOWINGLY, VOLUNTARILY AND
INTENTIONALLY, WAIVES (TO THE EXTENT PERMITTED BY APPLICABLE LAW) ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY OF ANY DISPUTE ARISING UNDER OR RELATING TO THIS AGREEMENT AND AGREES THAT ANY SUCH DISPUTE SHALL BE TRIED BEFORE A JUDGE SITTING WITHOUT A
JURY. 
 7. Intellectual Property. Each party grants to the other and their Affiliates a limited, non-exclusive, fully
paid-up, nontransferable, revocable license, without the right to sublicense, for the term of this Agreement to use all intellectual property owned by or, to the extent permitted by the applicable license, licensed to such party solely to the extent
necessary for the other party to perform its obligations hereunder. 
 8. Cooperation; Access. 

(a) Each party shall permit the other and its employees and representatives access, on business days during hours that constitute regular
business hours and upon reasonable prior request, to its premises and such data, books, records and personnel designated by such party as involved in receiving or overseeing the Services and/or Additional Services as the other party may reasonably
request for the purposes of providing the Services and/or Additional Services. Each party shall provide the other party, upon reasonable prior written notice, such documentation relating to the provision of the Services and/or Additional Services as
may be reasonably requested for the purposes of confirming any Invoiced Amount or other amount payable pursuant to any Commingled Invoice Statement or otherwise pursuant to this Agreement. Any documentation so provided pursuant to this Section will
be subject to the confidentiality obligations set forth in Section 9 of this Agreement. 
 (b) Each party hereto
shall designate a relationship manager (each, a “Relationship Executive”) to report and discuss issues with respect to the provision of the Services and/or Additional Services and successor relationship executives in the event that
a designated Relationship Executive is not available to perform such role hereunder. The initial Relationship Executive designated by HLSS shall be John Van Vlack, and the initial Relationship Executive designated by OCWEN shall be Ronald M. Faris.
Either party may replace its Relationship Executive at any time by providing written notice thereof to the other party hereto. 

  
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 9. Confidentiality. 

(a) Subject to Section 9(c) below, each party, agrees to hold, and to cause its directors, officers, employees, agents,
accountants, counsel and other advisors and representatives to hold, in strict confidence, with at least the same degree of care that applies to its own confidential and proprietary Information pursuant to policies in effect as of the Effective
Date, all Information concerning the other party that is either in its possession (including Information in its possession prior to the Effective Date) or furnished by the other party or its directors, officers, employees, agents, accountants,
counsel and other advisors and representatives at any time pursuant to this Agreement, or otherwise, and shall not use any such Information other than for such purposes as shall be expressly permitted hereunder, except, in each case, to the extent
that such Information has been (i) in the public domain through no fault of such party or any of their respective directors, officers, employees, agents, accountants, counsel and other advisors and representatives, (ii) later lawfully
acquired from other sources by such party, which sources are not known by such party to be themselves bound by a confidentiality obligation, or (iii) independently generated without reference to any proprietary or confidential Information of
the other party. 
 (b) Each party agrees not to release or disclose, or permit to be released or disclosed, any such
Information (excluding Information described in clauses (i), (ii) and (iii) of Section 9 (a) above, to any other Person, except its directors, officers, employees, agents, accountants, counsel and
other advisors and representatives who need to know such information (who shall be advised of their obligations hereunder with respect to such information), except in compliance with Section 9(c). Without limiting the foregoing, when any
Information is no longer needed for the purposes contemplated by this Agreement, each party will promptly, after request of the other party, either return the Information to the other party in a tangible form (including all copies thereof and all
notes, extracts or summaries based thereon) or certify to the other party that any Information not returned in a tangible form (including any such Information that exists in an electronic form) has been destroyed (and such copies thereof and such
notes, extracts or summaries based thereon). 
 (c) Protective Arrangements. In the event that either party determines on
the advice of its counsel that it is required to disclose any Information pursuant to applicable law or receives any demand under lawful process or from any Governmental Authority to disclose or provide Information of the other party that is subject
to the confidentiality provisions hereof, such party shall, to the extent permitted by law, notify the other party as soon as practicable prior to disclosing or providing such Information and shall cooperate, at the expense of the requesting party,
in seeking any reasonable protective arrangements requested by such other party. Subject to the foregoing, the Person that received such request may thereafter disclose or provide Information to the extent required by such law (as so advised by
counsel) or by lawful process or such Governmental Authority. 
 10. Dispute Resolution. 

(a) Disputes. Subject to Section 6(h), the procedures for discussion, negotiation and mediation set forth in this
Section 10 shall apply to all disputes, controversies or claims (whether arising in contract, tort or otherwise) that may arise out of or relate to, or arise under or in connection with, this Agreement. 

  
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 (b) Escalation; Mediation. 

(i) It is the intent of the parties to use reasonable efforts to resolve expeditiously any dispute, controversy or claim
between or among them with respect to the matters covered hereby that may arise from time to time on a mutually acceptable negotiated basis. In furtherance of the foregoing, a party involved in a dispute, controversy or claim may deliver a notice
(an “Escalation Notice”) demanding an in-person meeting involving representatives of the parties at a senior level of management (or if the parties agree, of the appropriate strategic business unit or division within such entity). A copy
of any such Escalation Notice shall be given to the General Counsel, or like officer or official, of the party involved in the dispute, controversy or claim (which copy shall state that it is an Escalation Notice pursuant to this Agreement). Any
agenda, location or procedures for such discussions or negotiations between the parties may be established by the parties from time to time; provided, however, that the parties shall use reasonable efforts to meet within 30 days of the Escalation
Notice. 
 (ii) If the parties are not able to resolve the dispute, controversy or claim through the escalation
process referred to above, then the matter shall be referred to mediation. The parties shall retain a mediator to aid the parties in their discussions and negotiations by informally providing advice to the parties. Any opinion expressed by the
mediator shall be strictly advisory and shall not be binding on the parties or be admissible in any other proceeding. The mediator may be chosen from a list of mediators previously selected by the parties or by other agreement of the parties. Costs
of the mediation shall be borne equally by the parties involved in the matter, except that each party shall be responsible for its own expenses. Mediation shall be a prerequisite to the commencement of any Action by either party against the other
party. 
 (iii) In the event that any resolution of any dispute, controversy or claim pursuant to the procedures
set forth in Section 10(b) (i) or (ii) in any way affects an agreement or arrangement between either of the parties and a third party insurance carrier, consent of such third party insurance carrier to such resolution,
to the extent such consent is required, shall be obtained before such resolution can take effect. 
 (c) Court Actions.

 (i) In the event that either party, after complying with the provisions set forth in
Section 10(b), desires to commence an Action, such party may submit the dispute, controversy or claim (or such series of related disputes, controversies or claims) to any court of competent jurisdiction. 

  
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 (ii) Unless otherwise agreed in writing, the parties will continue to
provide service and honor all other commitments under this Agreement during the course of dispute resolution pursuant to the provisions of this Section 10 with respect to all matters not subject to such dispute, controversy or claim.

 11. Warranties; Limitation of Liability; Indemnity. 

(a) Other than the statements expressly made by the parties in this Agreement, neither party makes any representation or warranty,
express or implied, with respect to the Services and/or Additional Services and, except as provided in Subsection (b) of this Section 11, each party hereby waives, releases and renounces all other representations, warranties,
obligations and liabilities of the other party, and any other rights, claims and remedies against the other party, express or implied, arising by law or otherwise, with respect to any nonconformance, error, omission or defect in any of the Services
and/or Additional Services, including (i) any implied warranty of merchantability or fitness for a particular purpose, (ii) any implied warranty of non-infringement or arising from course of performance, course of dealing or usage of trade
and (iii) any obligation, liability, right, claim or remedy in tort, whether or not arising from the negligence of such party. 
 (b) Neither party nor any of their Affiliates or any of their respective officers, directors, employees, agents, attorneys-in-fact, contractors or other representatives shall be liable for any action
taken or omitted to be taken by the other party or such person under or in connection with this Agreement, except that a party shall be liable for direct damages or losses incurred by the other party arising out of its gross negligence or willful
misconduct or any of its or their respective officers, directors, employees, agents, attorneys-in-fact, contractors or other representatives in the performance or nonperformance of the Services and/or Additional Services. 

(c) In no event shall the aggregate amount of all such damages or losses for which a party may be liable under this Agreement exceed the
aggregate total sum received by such party for the Services and/or Additional Services; provided, that, no such cap shall apply to liability for damages or losses arising from or relating to breaches of Section 9 (relating to
confidentiality), infringement of Intellectual Property or fraud or criminal acts. Except as provided in Subsection (b) of this Section 11, none of the parties nor any of their Affiliates nor any of their respective officers,
directors, employees, agents, attorneys-in-fact, contractors or other representatives shall be liable for any action taken or omitted to be taken by, or the negligence, gross negligence or willful misconduct of, any third party. 

(d) Notwithstanding anything to the contrary herein, neither of the parties nor any of their Affiliates nor any of its or their
respective officers, directors, employees, agents, attorneys-in-fact, contractors or other representatives shall be liable for damages or losses incurred by the other party or any of the other party’s Affiliates for any action taken or omitted
to be taken by such other party or such other person under or in connection with this Agreement to the extent such action or omission arises from actions taken or omitted to be taken by, or the negligence, gross negligence or willful misconduct of,
the other party or any of the other party’s Affiliates. 
  

  
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 (e) No party hereto or any of its Affiliates or any of its or their respective officers,
directors, employees, agents, attorneys-in-fact, contractors or other representatives shall in any event have any obligation or liability to the other party hereto or any such other person whether arising in contract (including warranty), tort
(including active, passive or imputed negligence) or otherwise for consequential, incidental, indirect, special or punitive damages, whether foreseeable or not, arising out of the performance of the Services and/or Additional Services or this
Agreement, including any loss of revenue or profits, even if a party hereto has been notified about the possibility of such damages; provided, however , that the provisions of this Subsection (e) shall not limit the
indemnification obligations hereunder of either party hereto with respect to any liability that the other party hereto may have to any third party not affiliated with OCWEN or HLSS for any incidental, consequential, indirect, special or punitive
damages. 
 (f) HLSS shall indemnify and hold OCWEN and its Affiliates and any of its or their respective officers, directors,
employees, agents, attorneys-in-fact, contractors or other representatives (collectively, “OCWEN Indemnitees”) harmless from and against any and all damages, claims or losses that OCWEN or any such other person may at any time
suffer or incur, or become subject to, as a result of or in connection with this Agreement or the Services and/or Additional Services provided hereunder, except those damages, claims or losses incurred by OCWEN or such other person arising out of
the gross negligence or willful misconduct by OCWEN or such other person. 
 (g) OCWEN shall indemnify and hold HLSS and its
Affiliates and any of its or their respective officers, directors, employees, agents, attorneys-in-fact, contractors or other representatives (collectively, “HLSS Indemnitees”) harmless from and against any and all damages, claims
or losses that HLSS or any such other person may at any time suffer or incur, or become subject to, as a result of or in connection with this Agreement or the Services and/or Additional Services provided hereunder, except those damages, claims or
losses incurred by HLSS or such other person arising out of the gross negligence or willful misconduct by HLSS or such other person. 
 (h) Neither party hereto may bring an action against the other under this Agreement (whether for breach of contract, negligence or otherwise) more than six months after that party becomes aware of the
cause of action, claim or event giving rise to the cause of action or claim or one year after the termination of this Agreement, whichever is shorter. 
 12. Taxes. Each party hereto shall be responsible for the cost of any sales, use, privilege and other transfer or similar taxes imposed upon that party as a result of the Services and/or Additional
Services contemplated hereby. Any amounts payable under this Agreement are exclusive of any goods and services taxes, value added taxes, sales taxes or similar taxes (“Sales Taxes”) now or hereinafter imposed on the performance or
delivery of Services and/or Additional Services, and an amount equal to such taxes so chargeable shall, subject to receipt of a valid receipt or invoice as required below in this Section 12, be paid by the party receiving the Services
and/or Additional Services to the other party in addition to the amounts otherwise payable under this Agreement. In each case where Sales Tax is payable by a party in respect of a Service and/or Additional Service, the other party shall furnish in a
timely manner a valid Sales Taxes receipt or invoice to such party in the form and manner required by applicable law to allow such party to recover such tax to the extent allowable under such law. Additionally, if a party is required to pay
‘gross-up’ on withholding taxes with respect to provision of the Services and/or Additional Services, such taxes shall be billed separately as provided above and shall be owing and payable by the other party. Any applicable property taxes
resulting from provision of the Services and/or Additional Services shall be payable by the party owing or leasing the asset subject to such tax. 
  

  
 14 

 13. Public Announcements. No party to this Agreement shall make, or cause to be made,
any press release or public announcement or otherwise communicate with any news media in respect of this Agreement or the transactions contemplated by this Agreement without the prior written consent of the other party hereto unless otherwise
required by law, in which case the party making the press release, public announcement or communication shall give the other party reasonable opportunity to review and comment on such and the parties shall cooperate as to the timing and contents of
any such press release, public announcement or communication. 
 14. Assignment. This Agreement shall inure to the
benefit of and be binding upon the parties hereto and their respective successors and permitted assigns. No party hereto may assign either this Agreement or any of its rights, interests or obligations hereunder without the prior written approval of
the other party hereto; provided, however, that either party may assign this Agreement without the consent of the other party to any third party that acquires, by any means, including by merger or consolidation, all or substantially all the
stock or consolidated assets of such party. Any purported assignment in violation of this Section 14 shall be void and shall constitute a material breach of this Agreement. 

15. Relationship of the Parties. The parties hereto are independent contractors and none of the parties hereto is an employee,
partner or joint venturer of the other. Under no circumstances shall any of the employees of a party hereto be deemed to be employees of the other party hereto for any purpose. Except as expressly provided in Section 4(c), none of the
parties hereto shall have the right to bind the others to any agreement with a third party or to represent itself as a partner or joint venturer of the other by reason of this Agreement. 

16. Force Majeure. Neither party hereto shall be in default of this Agreement by reason of its delay in the performance of, or
failure to perform, any of its obligations hereunder if such delay or failure is caused by strikes, acts of God, acts of the public enemy, acts of terrorism, riots or other events that arise from circumstances beyond the reasonable control of that
party. During the pendency of such intervening event, each of the parties hereto shall take all reasonable steps to fulfill its obligations hereunder by other means and, in any event, shall upon termination of such intervening event, promptly resume
its obligations under this Agreement. 
 (Signature Page to Follow) 

* * * * * 

  
 15 

 IN WITNESS WHEREOF, the parties have caused this Services Agreement to be executed as of the date first
written above by their duly authorized representatives. 
  

			
	HOME LOAN SERVICING SOLUTIONS, LTD.
		
	By	 	 
		 	 Name: John Van Vlack
 Title:
President

  

			
	OCWEN FINANCIAL CORPORATION
		
	By	 	 
		 	 Name: Ronald M. Faris

Title: President and CEO

  

  
 16 

 SCHEDULE I 

OCWEN SERVICES 
  

					
	 Services Provided
	  	Service 
Period
(years)	 
		
	 Licensing and Regulatory Compliance Services
	  	 	6	  
		
	 Risk Management and Six Sigma
	  	 	6	  
		
	 Services Provided:
	  			
		
	 •    Information Security
	  			
		
	 •    Internal Audit
	  			
		
	 •    Loan Quality
	  			
		
	 •    Quality Assurance
	  			
		
	 •    Risk Management
	  			
		
	 •    SOX Compliance and SAS 70
	  			
		
	 •    Six Sigma
	  			
		
	 •    Business Continuity and Disaster Recovery Planning
	  			

 SCHEDULE II 

HLSS SERVICES 
  

					
	 Services Provided
	  	Service 
Period
(years)	 
	  
 Treasury Services

 
 Services Provided:

 
 •    Quantitative
Analysis
  

•    Capital Markets

 
 •    Covenant
Compliance Monitoring and Reporting
  

•    Treasury Operations

 
	  	  
  
	  
 6
	  
   

	 Advance Financing
  

Services Provided:
  

•    Advance Facility Management

 
 •    Advance
Facility Accounting and Reporting
  
	  	 	6	  
	 Portfolio Valuation
  

Services Provided:
  

•    MSR Valuation

 
 •    MSR Accounting
and Reporting
  
	  	 	6	  
	 Financial Analysis
  

Services Provided:
  

•    Financial Planning and Analysis

 
 •    Financial
Modeling
  

•    General Business Consulting

 

•    Pricing
  
	  	 	6	  
	 Law
  
 Services Provided:
  
 •    Contract Review
  

•    Capital Markets

 
 •    Securities
Offerings
  

•    Litigation Management
	  	 	6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00195-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00195-of-00352.parquet"}]]