Document:

Initial Sale Supplement

 Exhibit 10.2 

 
  

 
 SALE SUPPLEMENT 

dated as of February 10, 2012 
 between 
 OCWEN LOAN SERVICING, LLC, as Seller, 

and 

HLSS HOLDINGS, LLC, as Purchaser 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE 1
	 	DEFINITIONS; REFERENCE TO MASTER SERVICING RIGHTS PURCHASE AGREEMENT	  	 	1	  
	 1.1
	 	Definitions	  	 	1	  
	 1.2
	 	Reference to the Master Servicing Rights Purchase Agreement	  	 	7	  
	 ARTICLE 2
	 	PURCHASE AND SALE OF SERVICING RIGHTS AND RIGHTS TO MSRS; ASSUMED LIABILITIES	  	 	7	  
	 2.1
	 	Assignment and Conveyance of Rights to MSRs	  	 	7	  
	 2.2
	 	Automatic Assignment and Conveyance of Servicing Rights	  	 	7	  
	 2.3
	 	MSR Purchase Price	  	 	8	  
	 2.4
	 	Assumed Liabilities and Excluded Liabilities	  	 	8	  
	 2.5
	 	Remittance of Servicing Fees and Related Amounts	  	 	10	  
	 2.6
	 	Payment of Estimated Purchase Price	  	 	10	  
	 ARTICLE 3
	 	PURCHASE AND SALE OF SERVICING ADVANCE RECEIVABLES AND ADVANCE SPES	  	 	10	  
	 3.1
	 	Purchase and Sale of Advance SPEs	  	 	10	  
	 3.2
	 	Advance SPE Purchase Price	  	 	10	  
	 3.3
	 	Assignment and Conveyance of Servicing Advance Receivables	  	 	10	  
	 3.4
	 	Servicing Advance Receivables Purchase Price	  	 	11	  
	 3.5
	 	Servicing Advances	  	 	11	  
	 3.6
	 	Reimbursement of Servicing Advances	  	 	12	  
	 ARTICLE 4
	 	REPRESENTATIONS AND WARRANTIES OF SELLER	  	 	12	  
	 4.1
	 	General Representations	  	 	12	  
	 4.2
	 	Title to Transferred Assets	  	 	12	  
	 4.3
	 	Right to receive Servicing Fees	  	 	12	  
	 4.4
	 	Servicing Agreements and Underlying Documents	  	 	12	  
	 4.5
	 	Mortgage Pool Information, Related Matters	  	 	12	  
	 4.6
	 	Enforceability of Servicing Agreements	  	 	13	  
	 4.7
	 	Compliance With Servicing Agreements	  	 	13	  
	 4.8
	 	No Recourse	  	 	14	  
	 4.9
	 	The Mortgage Loans	  	 	14	  
	 4.10
	 	Servicing Advance Receivables	  	 	16	  

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 4.11
	 	Servicing Agreement Consents and Other Third Party Approvals	  	 	16	  
	 4.12
	 	Servicing Advance Financing Agreements	  	 	17	  
	 4.13
	 	Anti-Money Laundering Laws	  	 	17	  
	 4.14
	 	Servicer Ratings	  	 	17	  
	 4.15
	 	Eligible Servicer	  	 	17	  
	 4.16
	 	HAMP	  	 	17	  
	 ARTICLE 5
	 	CONDITIONS PRECEDENT	  	 	17	  
	 5.1
	 	Conditions to the Purchase of the Rights to MSRs and the Advance SPEs	  	 	17	  
	 ARTICLE 6
	 	SERVICING MATTERS	  	 	18	  
	 6.1
	 	Seller as Servicer	  	 	18	  
	 6.2
	 	Servicing	  	 	18	  
	 6.3
	 	Collections from Obligors and Remittances	  	 	19	  
	 6.4
	 	Servicing Practices	  	 	19	  
	 6.5
	 	Servicing Reports	  	 	19	  
	 6.6
	 	Escrow Accounts	  	 	19	  
	 6.7
	 	Notices and Financial Information	  	 	19	  
	 6.8
	 	Defaults under Deferred Servicing Agreements	  	 	20	  
	 6.9
	 	Continuity of Business	  	 	20	  
	 6.10
	 	Optional Termination or Clean Up Calls	  	 	20	  
	 6.11
	 	Amendments to Deferred Servicing Agreements; Transfer of Servicing Rights	  	 	20	  
	 6.12
	 	Assumption of Servicing Duties; Transfer of Rights to MSRs and Servicing Rights	  	 	21	  
	 6.13
	 	Termination Event	  	 	21	  
	 6.14
	 	Servicing Transfer	  	 	21	  
	 6.15
	 	Incorporation of Provisions from Subservicing Agreement	  	 	21	  
	 ARTICLE 7
	 	SELLER SERVICING FEES; COSTS AND EXPENSES	  	 	22	  
	 7.1
	 	Seller Monthly Servicing Fee	  	 	22	  
	 7.2
	 	Performance Fee	  	 	22	  
	 7.3
	 	Costs and Expenses	  	 	22	  
	 7.4
	 	Ancillary Income	  	 	22	  

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 7.5
	 	Calculation and Payment	  	 	23	  
	 7.6
	 	No Offset	  	 	23	  
	 7.7
	 	Servicing Fee Reset Date	  	 	23	  
	 ARTICLE 8
	 	INDEMNIFICATION	  	 	23	  
	 8.1
	 	Seller Indemnification of Purchaser	  	 	23	  
	 8.2
	 	Purchaser Indemnification of Seller	  	 	24	  
	 8.3
	 	Indemnification Procedures	  	 	24	  
	 8.4
	 	Tax Treatment	  	 	25	  
	 8.5
	 	Survival	  	 	25	  
	 8.6
	 	Additional Indemnification	  	 	25	  
	 8.7
	 	Specific Performance	  	 	25	  
	 ARTICLE 9
	 	GRANT OF SECURITY INTEREST	  	 	26	  
	 9.1
	 	Granting Clause	  	 	26	  
	 ARTICLE 10
	 	MISCELLANEOUS PROVISIONS	  	 	27	  
	 10.1
	 	Further Assurances	  	 	27	  
	 10.2
	 	Compliance with Applicable Laws; Licenses	  	 	27	  
	 10.3
	 	Merger, Consolidation, Etc.	  	 	27	  
	 10.4
	 	Annual Officer’s Certificate	  	 	27	  
	 10.5
	 	Accounting Treatment	  	 	28	  
	 10.6
	 	Incorporation	  	 	28	  
			
	 Exhibit A
	 	Form of Monthly Remittance Report	  			
			
	 Schedule I
	 	 Servicing Agreements
	  			
	 Schedule II
	 	 Underlying Documents
	  			
	 Schedule III
	 	 Retained Servicing Fee Percentage
	  			
	 Schedule IV
	 	 Target Ratio
	  			
	 Schedule V
	 	 Valuation Percentage
	  			
	 Schedule VI
	 	 Amortization Percentage
	  			

  
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 SALE SUPPLEMENT 

This Sale Supplement, dated as of February 10, 2012 (this “Sale Supplement”), is between Ocwen Loan Servicing, LLC,
a Delaware limited liability company (“Seller”), and HLSS Holdings, LLC, a Delaware limited liability company (“Purchaser”): 
 WITNESSETH: 
 WHEREAS, Seller and Purchaser are parties to that certain
Master Servicing Rights Purchase Agreement, dated as of the date hereof (the “Agreement”), with respect to the sale by Seller and the purchase by Purchaser of the Servicing Rights and other assets; and 

WHEREAS, Seller and Purchaser desire to enter into the transactions described in the Agreement as supplemented by this Sale Supplement;

 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and in
consideration of the mutual covenants herein contained, the parties hereto hereby agree as follows: 
 ARTICLE 1

 DEFINITIONS; REFERENCE TO MASTER SERVICING RIGHTS PURCHASE AGREEMENT 

1.1 Definitions. (a) For purposes of this Sale Supplement, the following capitalized terms shall have the respective meanings
set forth or referenced below: 
 “Additional Servicing Advance Receivable”: As defined in Section 3.3.

 “Advance SPE Purchase Price”: An amount equal to the consolidated net book value as of the Closing Date of all
assets and liabilities of the Advance SPEs. 
 “Advance SPEs”: Each of HomEq Servicer Advance Facility Transferor,
LLC, a Delaware limited liability company, and HomEq Servicer Advance Receivables Trust 2010-ADV1, a Delaware statutory trust. 

“Amortization Percentage”: For each calendar month following the Closing Date, the percentage set forth on Schedule VI
to this Sale Supplement for such calendar month. 
 “Assumed Liabilities”: As defined in Section 2.4.

 “Book Value” means, with respect to the Rights to MSRs related to any Deferred Servicing Agreement, as of a
specified date, an amount equal to the amortized book value of such Rights to MSRs on Purchaser’s financial statements as of such date. 
 “Closing Date”: The date on which Home Loan Servicing Solutions, Ltd. completes an initial public offering of its ordinary shares; provided that, with respect to Section 5.3 of the
Agreement, the Closing Date shall be the related Servicing Transfer Date. 

  
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 “Closing Statement”: The statement delivered by Seller to Purchaser on the Closing
Statement Delivery Date setting forth the good faith calculation of the Estimated Purchase Price. 
 “Closing Statement
Delivery Date”: The date which is three (3) Business Days prior to the Closing Date, unless otherwise agreed by Seller and Purchaser. 
 “Consent Period”: For each Deferred Servicing Agreement and each related Deferred Servicing Right, the period, if any, from and including the Closing Date to and including the related Servicing
Transfer Date. 
 “Cut-off Date”: February 29, 2012, or such other date as is agreed by Seller and Purchaser.

 “Deferred Mortgage Loan”: A mortgage loan subject to a Deferred Servicing Agreement. 

“Deferred Servicing Agreement”: As of any date of determination, each Servicing Agreement that is not a Transferred Servicing
Agreement on such date. For avoidance of doubt, on the Closing Date each Servicing Agreement is a Deferred Servicing Agreement. 

“Deferred Servicing Right” As of any date of determination, each Servicing Right arising under a Servicing Agreement that is a
Deferred Servicing Agreement on such date. 
 “Excess Servicing Advances” shall mean, for any calendar month, the
amount, if any, by which the outstanding Servicer Advances with respect to the Servicing Agreements as of the last day of such calendar month exceeds an amount equal to (a) the Target Ratio for such calendar month multiplied by (b) the
unpaid principal balance of the Mortgage Loans subject to the Servicing Agreements as of the last day of such calendar month. 

“Excluded Liabilities”: As defined in Section 2.4(c). 

“Fannie Mae”: As defined in the Subservicing Agreement. 

“Indemnified Person”: A Purchaser Indemnified Party or a Seller Indemnified Party, as the case may be. 

“Indemnifying Person”: The Seller pursuant to Section 8.1 or the Purchaser pursuant to Section 8.2, as
the case may be. 
 “Initial Servicing Advance Receivable”: As defined in Section 3.3. 

“Investor”: With respect to any Securitization Transaction, any holder or other beneficial owner of any securities issued by
the related Trust. 
 “Liability”: As defined in Section 8.1. 

“Monthly Reporting Date”: With respect to each Servicing Agreement, the date specified as the “Monthly Reporting
Date” in Schedule I to this Sale Supplement. 

  
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 “Monthly Remittance Report”: With respect to each Deferred Servicing Agreement, a
report substantially in the form attached as Exhibit A to this Sale Supplement or in such other form as may be agreed to by Seller and Purchaser from time to time. 
 “Monthly Servicing Fee”: For each calendar month, the Base Subservicing Fee (as defined in the Subservicing Supplement) for such calendar month together with the Seller Monthly Servicing Fee for
such calendar month. 
 “Monthly Servicing Oversight Report”: A report with respect to all of the Deferred Servicing
Agreements and related Mortgage Loans in such form as may be agreed to by Seller and Purchaser from time to time. 
 “MSR
Purchase Price”: For each Servicing Agreement, an amount equal to the product of (i) the Valuation Percentage for such Servicing Agreement and (ii) the aggregate unpaid principal balance of the Mortgage Loans subject to such Servicing
Agreement as of the Closing Date. 
 “P&I Advance”: As defined in the Subservicing Agreement. 

“Performance Fee”: As defined in Section 7.2. 

“Purchaser Indemnified Party”: As defined in Section 8.2. 

“Purchase Price”: The sum of (a) the aggregate MSR Purchase Price for all of the Servicing Agreements, (b) the
Advance SPE Purchase Price and (c) the aggregate Servicing Advance Receivables Purchase Price for any Initial Servicing Advance Receivables. 
 “Retained Servicing Fee”: For any calendar month, an amount equal to the sum of (a) the product of the Retained Servicing Fee Percentage for such calendar month and the average unpaid
principal balance of all Mortgage Loans subject to the Deferred Servicing Agreements and the Transferred Servicing Agreements during such calendar month and (b) the Retained Servicing Fee Shortfall, if any, for the immediately prior calendar
month. 
 “Retained Servicing Fee Percentage”: For any calendar month, the percentage set forth on Schedule III
to this Sale Supplement. 
 “Retained Servicing Fee Shortfall”: For any calendar month, beginning in February
2012, an amount equal to the excess, if any, of (a) the Retained Servicing Fee for such calendar month over (b) the excess, if any, of (x) the aggregate Servicing Fees actually received by Purchaser with respect to the Deferred
Servicing Agreements and pursuant to the Transferred Servicing Agreements during such calendar month (whether directly pursuant to such Transferred Servicing Agreements or pursuant to this Sale Supplement) over (y) the Monthly Servicing Fee for
such calendar month. 

  
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 “Rights to MSRs”: For each Servicing Agreement, each of the following assets:

 (a) all Servicing Fees payable to Seller as of or after the Closing Date under such Servicing Agreement and the right to
receive all Servicing Fees accruing and payable as of or after the Closing Date under such Servicing Agreement; 
 (b) the right
to receive any investment income earned on amounts on deposit in any Custodial Account or Escrow Account related to such Servicing Agreements as of or after the Closing Date; 
 (c) the right to purchase the Servicing Rights pursuant to Section 2.2 of this Sale Supplement; and 
 (d) any proceeds of any of the foregoing. 
 “Sale Date”: For each
Servicing Advance Receivable, the date on which such Servicing Advance Receivable is transferred to Purchaser pursuant to Section 3.3. 
 “Seller Indemnified Party”: As defined in Section 8.1. 

“Seller Monthly Servicing Fee”: As defined in Section 7.1. 

“Servicing Advance Financing Agreements”: Each of that certain Amended and Restated Indenture, dated as of the Closing Date,
among HomEq Servicer Advance Receivables Trust 2010-ADV1, as issuer, Deutsche Bank National Trust Company, as indenture trustee, calculation agent, paying agent and securities intermediary, Purchaser, as administrator and servicer, Seller, as
servicer and as a subservicer, and Barclays Bank plc, as administrative agent, and each other “Transaction Document” as such term is defined therein, in each case as the same may be amended from time to time. 

“Servicing Advance Payment Date”: (a) For any Initial Servicing Advance Receivable, the Closing Date and (b) for any
Additional Servicing Advance Receivable, the Funding Date (as defined in the Servicing Advance Financing Agreement) for such Additional Servicing Advance Receivable. 
 “Servicing Advance Receivable”: For each Servicer Advance, the right to receive reimbursement for such Servicer Advance under the Servicing Agreement pursuant to which such Servicer Advance was
made. 
 “Servicing Advance Receivable Purchase Price”: With respect to each Servicing Advance Payment Date, for each
Servicing Advance Receivable, the outstanding amount that is reimbursable under the related Servicing Agreement with respect to such Servicing Advance Receivable as of such Servicing Advance Payment Date. 

“Servicing Agreement”: Each of the servicing agreements described on Schedule I and each of the Underlying Documents
described on Schedule II governing the rights, duties and obligations of Seller as servicer under such agreements. 

“Servicing Fee Reset Date”: The date which is six (6) years after the Closing Date. 

  
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 “Servicing Rights Assets”: As defined in Section 2.2. 

“Servicing Transfer Date”: With respect to each Servicing Agreement, the date on which all of the Third Party Consents related
to such Servicing Agreement necessary to transfer the related Servicing Rights to Seller are received or such later date mutually agreed to by Seller and Purchaser. 
 “Special Damages”: As defined in Section 8.3(d). 

“Subservicing Agreement”: That certain Master Subservicing Agreement, dated as of February 10, 2012, between the Seller,
as subservicer, and the Purchaser, as servicer, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time. 
 “Subservicing Supplement”: That certain Subservicing Supplement, dated as of February 10, 2012, between the Seller, as subservicer, and the Purchaser, as servicer, as the same may be
amended, amended and restated, supplemented or otherwise modified from time to time. 
 “Summary Schedule”: As defined
in Section 4.5(a). 
 “Target Ratio” for each calendar month shall mean the amount specified in
Schedule IV with respect to such month. 
 “Termination Event” means the occurrence of any one or more of the
following events (whatever the reason for the occurrence of such event and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of
any administrative or governmental body): 
 (a) Seller fails to remit any payment required to be made under the terms of this
Sale Supplement (to the extent not resulting solely from Purchaser failing to purchase a Servicing Advance Receivable required to be purchased by Purchaser under this Sale Supplement), which continues unremedied for a period of one (1) Business
Day after the date on which written notice of such failure shall have been given by Purchaser to Seller; 
 (b) Seller fails to
deliver any required information or report that is complete in all material respects as required pursuant to this Sale Supplement in the manner and time frame set forth herein, which failure continues unremedied for a period of two (2) Business
Days after the date on which written notice of such failure shall have been given to Seller by Purchaser; 
 (c) Seller fails to
observe or perform in any material respect any other covenant or agreement of Seller set forth in the Agreement or this Sale Supplement, which failure continues unremedied for a period of thirty (30) days after the date on which written notice
of such failure shall have been given to Seller by Purchaser; provided however, in the event that any such default is incurable by its own terms, a Termination Event shall be deemed to occur immediately hereunder without regard to the thirty
(30) day cure period set forth above; 
 (d) a material breach by Seller of any representation and warranty made by it in
the Agreement or this Sale Supplement, which breach continues unremedied for a period of thirty (30) days after the date on which written notice of such failure shall have been given to Seller by Purchaser; provided, however, in the event that
any such default is incurable by its own terms, a Termination Event shall be deemed to occur immediately hereunder without regard to the thirty (30) day cure period set forth above; 

  
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 (e) Seller fails to maintain residential primary servicer ratings for subprime loans of at
least “Average” by Standard & 
 Poor’s Rating Services, a division of Standards & Poor’s
Financial Services LLC (or its successor in interest), “SQ3” by Moody’s Investors Service, Inc. (or its successor in interest) and “RPS4+” and “RSS4+” by Fitch Ratings (or its successor in interest); 

(f) Seller ceases to be a Fannie Mae, Freddie Mac or FHA approved servicer; 

(g) the occurrence of a Material Adverse Event; 
 (h) any of the conditions specified in the applicable “Servicer Default”, “Servicer Event of Default,” “Event of Default,” “Servicing Default” or “Servicer
Event of Termination” or similar sections of any Deferred Servicing Agreement or any related Underlying Document shall have occurred with respect to Seller for any reason not caused by Purchaser (other than as a result of any delinquency or
loss trigger which was already triggered as of the Closing Date with respect to such Deferred Servicing Agreement); provided that Seller shall be entitled to any applicable cure period set forth in such Deferred Servicing Agreement or Underlying
Document; 
 (i) a decree or order of a court or agency or supervisory authority having jurisdiction for the appointment of a
conservator or receiver or liquidator in any insolvency, bankruptcy, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against Seller and
such decree or order shall have remained in force undischarged or unstayed for a period of thirty (30) days; 
 (j) Seller
shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, bankruptcy, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to Seller or of or relating to all or
substantially all of its property; or 
 (k) Seller shall admit in writing its inability to pay its debts generally as they
become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors or voluntarily suspend payment of its obligations. 

“Third-Party Claim”: As defined in Section 8.3(b). 

“Transferred Assets”: The Rights to MSRs, the Advance SPEs and the Transferred Servicing Rights. 

“Transferred Receivables Assets”: As defined in Section 3.3. 

“Transferred Servicing Agreement”: As of any date of determination, a Servicing Agreement with respect to which the related
Servicing Rights have been transferred to Purchaser pursuant to Section 2.2 of this Sale Supplement or to its designee in accordance with the terms of this Sale Supplement on or prior to such date. For the avoidance of doubt, on the
Closing Date no Servicing Agreement is a Transferred Servicing Agreement. 

  
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 “Transferred Servicing Rights”: As of any date of determination, any Servicing
Rights that have been transferred to Purchaser pursuant to Section 2.2 of this Sale Supplement on or prior to such date. 
 “UCC”: As defined in Section 3.3. 
 “Valuation
Percentage”: For each Servicing Agreement, the valuation percentage for such Servicing Agreement as set forth in Schedule V hereto. 
 (b) Any capitalized term used but not defined in this Sale Supplement shall have the meaning assigned to such term in the Agreement. 

1.2 Reference to the Master Servicing Rights Purchase Agreement. Each of Seller and Purchaser agrees that (a) this Sale
Supplement is a “Sale Supplement” executed pursuant to Section 2.1 of the Agreement, (b) the terms of this Sale Supplement are hereby incorporated into the Agreement with respect to the Servicing Agreements and the related
Mortgage Loans to the extent set forth therein and herein, and (c) the terms of this Sale Supplement apply to the Servicing Agreements specified herein and not to any other “Servicing Agreement” as that term is used in the Agreement.
In the event of any conflict between the provisions of this Sale Supplement and the Agreement, the terms of this Sale Supplement shall prevail. 
 ARTICLE 2 
 PURCHASE AND SALE OF SERVICING RIGHTS AND RIGHTS TO MSRS;
ASSUMED LIABILITIES 
 2.1 Assignment and Conveyance of Rights to MSRs. 

(a) As of the Closing Date, subject to the terms and conditions set forth in the Agreement and this Sale Supplement, Seller does hereby
sell, convey, assign and transfer to Purchaser, without recourse except as provided herein, free and clear of any Liens, all of its right, title and interest in and to all of the Rights to MSRs for each of the Servicing Agreements. 

(b) On and after the Closing Date, Purchaser shall be obligated to maintain a complete and accurate list of Servicing Agreements that are
Deferred Servicing Agreements and Transferred Servicing Agreements, as the same shall be amended and modified from time to time in connection with Deferred Servicing Agreements becoming Transferred Servicing Agreements as contemplated by the terms
and provisions of this Sale Supplement. The list of Deferred Servicing Agreements and Transferred Servicing Agreements maintained by Purchaser under this Section 2.1(b) shall be (x) available for inspection by Seller at any time
during normal business hours and (y) presumed to be accurate absent manifest error on the part of Purchaser. 
 2.2
Automatic Assignment and Conveyance of Servicing Rights. As of the Servicing Transfer Date with respect to each Servicing Agreement, Seller does hereby sell, convey, assign and transfer to Purchaser, without recourse except as provided
herein, free and clear of any Liens, without further action by any Person, all of its right, title and interest in and to the following assets (the “Servicing Rights Assets”): 

  
 -7-

 (a) the Servicing Rights in respect of all of the Mortgage Loans and REO Properties related
to such Servicing Agreement, in each case together with all related security, collections and payments thereon and proceeds of the conversion, voluntary or involuntary of the foregoing; 

(b) all Ancillary Income and Prepayment Interest Excess received as of or after the related Servicing Transfer Date under such Servicing
Agreements and any rights to exercise any optional termination or clean-up call provisions under such Servicing Agreements; 

(c) all Custodial Accounts and Escrow Accounts related to such Servicing Agreement and amounts on deposit therein; 

(d) all files and records in Seller’s possession or control, including the related Database, relating to the Servicing Rights Assets
specified in clauses (a), (b) and (c); 
 (e) all causes of action, lawsuits, judgments, claims, refunds, choses in action,
rights of recovery, rights of set-off, rights of recoupment, demands and any other rights or claims of any nature, whether arising by way of counterclaim or otherwise, available to or being pursued by Seller to the extent related exclusively to such
Servicing Rights Assets and/or the Assumed Liabilities; and 
 (f) any proceeds of any of the foregoing. 

2.3 MSR Purchase Price. Subject to the conditions set forth in this Sale Supplement and the Agreement, as consideration for the
purchase of the Rights to MSRs and the Servicing Rights Assets, Purchaser shall pay the MSR Purchase Price for each Servicing Agreement to Seller. 
 2.4 Assumed Liabilities and Excluded Liabilities. 
 (a) Upon the terms and
subject to the conditions set forth herein and in the Agreement, Purchaser shall assume, (i) prior to the Servicer Transfer Date for each Servicing Agreement, and solely as between Purchaser and Seller, all of the duties, obligations and
liabilities of Seller (other than the Excluded Liabilities) as servicer but subject to such Servicing Agreements, and provided that Seller will continue to act as the servicer as set forth herein and in no event shall Purchaser be a subservicer,
subcontractor or servicer within the meaning of a Servicing Agreement prior to the related Servicing Transfer Date and (ii) as of or after the Servicing Transfer Date for each Servicing Agreement, all of the duties, obligations, and liabilities
of Seller (other than the Excluded Liabilities) as servicer accrued and pertaining solely to the period from and after such Servicing Transfer Date relating to the Servicing Rights that are subject to such Servicing Agreement (the “Assumed
Liabilities”). 
 (b) Purchaser hereby agrees to act as servicer under each Servicing Agreement following the related
Servicing Transfer Date and assumes responsibility for the due and punctual performance and observance of each covenant and condition to be performed or observed by the servicer under the applicable Servicing Agreement, including the obligation to
service each Mortgage Loan in accordance with the terms of the related Servicing Agreement; 

  
 -8-

 
provided, however, that the parties hereto acknowledge and agree that neither Purchaser nor any successor servicer assumes any liabilities of Seller, or any obligations of
Seller relating to any period of time prior to the applicable Servicing Transfer Date. Seller hereby acknowledges that neither this Sale Supplement nor the Agreement limits or otherwise releases it from its liabilities for its acts or omissions as
the servicer under the Servicing Agreements prior to the related Servicing Transfer Date. Purchaser hereby acknowledges that Seller shall have no further obligation as servicer under any of the Servicing Agreements on and after the related Servicing
Transfer Date, except to the extent set forth in this Sale Supplement, the Agreement, the Subservicing Agreement and the Subservicing Supplement. 
 (c) Notwithstanding anything to the contrary contained herein, Purchaser does not assume any duties, obligations or liabilities of any kind, whether known, unknown, contingent or otherwise, (i) not
relating to the Transferred Servicing Rights or the Assumed Liabilities, (ii) attributable to any acts or omissions to act taken or omitted to be taken by Seller (or any of its Affiliates, agents, contractors or representatives, including,
without limitation, any subservicer of the Mortgage Loans) prior to the applicable Servicing Transfer Date, (iii) attributable to any actions, causes of action, claims, suits or proceedings or violations of law or regulation attributable to any
acts or omissions to act taken or omitted to be taken by Seller (or any of its Affiliates, agents, contractors or representatives, including, without limitation, any subservicer of the Mortgage Loans) prior to the applicable Servicing Transfer Date
or (iv) relating to any representation and warranty made by Seller or any of its Affiliates with respect to the related Mortgage Loans or the Transferred Assets (the “Excluded Liabilities”). Without limiting the generality of
the foregoing, it is not the intention that the assumption by Purchaser of the Assumed Liabilities shall in any way enlarge the rights of any third parties relating thereto. Nothing contained in the Agreement or this Sale Supplement shall prevent
any party hereto from contesting matters relating to the Assumed Liabilities with any third party obligee. 
 (d) From and after
the related Servicing Transfer Date, except as otherwise provided for in Section 8.3 of this Sale Supplement, (i) Purchaser shall have complete control over the payment, settlement or other disposition of the Assumed Liabilities and
the right to commence, control and conduct all negotiations and proceedings with respect thereto, subject to the terms of the related Servicing Agreements and (ii) Seller shall have complete control over the payment, settlement or other
disposition of the Excluded Liabilities and the right to commence, control and conduct all negotiations and proceedings with respect thereto. Except as otherwise provided in this Sale Supplement, (i) Seller shall promptly notify Purchaser of
any claim made against Seller with respect to the Assumed Liabilities or the Transferred Assets and shall not voluntarily make any payment of, settle or offer to settle, or consent or compromise or admit liability with respect to, any Assumed
Liabilities or Transferred Assets without the prior written consent of Purchaser and (ii) Purchaser shall promptly notify Seller of any claim made against Purchaser with respect to the Excluded Liabilities and shall not voluntarily make any
payment of, settle or offer to settle, or consent or compromise or admit liability with respect to, any Excluded Liabilities without the prior written consent of Seller. 

  
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 2.5 Remittance of Servicing Fees and Related Amounts. 

(a) Seller shall, to the extent permitted under any Deferred Servicing Agreement cause any Servicing Fees and, to the extent Seller is
permitted to retain such amounts under the related Servicing Agreement, any investment income earned on any amounts or deposit in any Custodial Accounts and Escrow Accounts that are payable to Seller on or after the Closing Date under such Deferred
Servicing Agreement, to be deposited directly into Purchaser’s account in accordance with Purchaser’s written directions. In any case, Seller shall within one (1) Business Day of the receipt thereof, remit to Purchaser any Servicing
Fees and, to the extent Seller is permitted to retain such amounts under the related Servicing Agreement, any investment income earned on any amounts or deposit in any Custodial Accounts and Escrow Accounts that are received by Seller under any
Deferred Servicing Agreement after the Closing Date. Any such amounts shall be remitted in accordance with Purchaser’s written directions. 
 (b) Seller shall exercise any rights under any Deferred Servicing Agreement to direct the investment of amounts in any Custodial Account or Escrow Account in accordance with Purchaser’s directions
and the terms of the related Deferred Servicing Agreement, the related Mortgage Loan Documents and Applicable Law. 
 2.6
Payment of Estimated Purchase Price. Subject to the conditions set forth in this Sale Supplement and the Agreement, Purchaser shall pay the Estimated Purchase Price to Seller at the Closing. The Estimated Purchase Price shall be reconciled to
the final Purchase Price in accordance with Section 2.5 of the Agreement. 
 ARTICLE 3 

PURCHASE AND SALE OF SERVICING ADVANCE RECEIVABLES AND ADVANCE SPES 

3.1 Purchase and Sale of Advance SPEs. As of the Closing Date, subject to the terms and conditions set forth in the Agreement and
this Sale Supplement, Seller does hereby sell, convey, assign and transfer to Purchaser, without recourse except as provided herein, free and clear of any Liens, all of its right, title and interest in and to each of the Advance SPEs. 

3.2 Advance SPE Purchase Price. Subject to the conditions set forth in this Sale Supplement and the Agreement, as consideration
for the purchase of the Advance SPEs, Purchaser shall pay the Advance SPE Purchase Price to Seller. 
 3.3 Assignment and
Conveyance of Servicing Advance Receivables. Commencing on the Closing Date, and continuing until the close of business on the earlier of the related Servicing Transfer Date or date of Seller’s termination as servicer pursuant to such
Servicing Agreement, subject to the terms and conditions set forth in the Agreement and this Sale Supplement, Seller hereby sells, conveys, assigns and transfers to Purchaser, and Purchaser acquires from Seller, without recourse except as provided
herein, free and clear of any Liens, all of Seller’s right, title and interest, whether now owned or hereafter acquired, in, to and under each Servicing Advance Receivable (i) in existence on the Closing Date that arose under the Servicing
Agreements and is owned by Seller as of the Closing Date, if any (the “Initial Servicing Advance Receivables”), (ii) in existence on any Business Day on or after the Closing Date that arises under any Servicing Agreement prior
to the earlier of the related Servicing Transfer Date or date of Seller’s termination as servicer pursuant to such Servicing Agreement (“Additional Servicing Advance Receivables”), and (iii) in the case of both Initial

  
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 Servicing Advance Receivables and Additional Servicing Advance Receivables, 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 Seller to enforce such Initial Servicing Advance Receivables and Additional Servicing Advance Receivables (collectively, the “Transferred Receivables Assets”). Until the related Servicing Transfer Date, Seller shall,
automatically and without any further action on its part, sell, assign, transfer and convey to Purchaser, on each Business Day, each Additional Servicing Advance Receivable not previously transferred to Purchaser and Purchaser shall purchase each
such Additional Servicing Advance Receivable. The parties acknowledge and agree that so long as the Servicing Advance Receivables with respect to a Servicing Agreement are being sold by Purchaser to the Advance SPEs pursuant to the Servicing Advance
Financing Agreements, the sale of such Servicing Advance Receivables by Seller to Purchaser shall be made pursuant to and in accordance with the provisions of the Servicing Advance Financing Agreements, and Seller covenants and agrees to comply with
the provisions of such Servicing Advance Financing Agreements with respect to such Servicing Advance Receivables. 
 3.4
Servicing Advance Receivables Purchase Price. In consideration of the sale, assignment, transfer and conveyance to Purchaser of the Servicing Advance Receivables and related Transferred Receivables Assets, on the terms and subject to the
conditions set forth in this Sale Supplement, Purchaser shall, on each related Servicing Advance Payment Date, pay and deliver to Seller, in immediately available funds, a purchase price equal to the Servicing Advance Receivables Purchase Price for
such Servicing Advance Receivables sold on such date; provided that Seller shall have complied with the terms of Section 3.3 and Section 3.5 with respect to the related Servicing Advance Receivable. Subject to the
proviso of the immediately preceding sentence, to the extent any P&I Advances are required to be made under the terms of the Deferred Servicing Agreements, as determined by Seller and set forth in the applicable Monthly Remittance Report,
Purchaser shall, on the date the related P&I Advance is required to be made under the related Deferred Servicing Agreement, deposit the Servicing Advance Receivable Purchase Price for such P&I Advances into either the applicable Custodial
Account or other applicable account held by the related trustee, master servicer, securities administrator, or trust administrator, as the case may be, in accordance with the requirements of the related Deferred Servicing Agreement (which may be
done directly by Purchaser or though an account established in connection with the Servicing Advance Facility Agreements) in consideration for such P&I Advance. 
 3.5 Servicing Advances. Seller covenants and agrees that each Servicer Advance made by Seller under the Servicing Agreements prior to the related Servicing Transfer Date shall (a) be required
to be made pursuant to the terms of the related Deferred Servicing Agreement and comply with the terms of such Deferred Servicing Agreement and Applicable Law, (b) comply with Seller’s advance policies and stop advance polices and
procedures and not constitute a nonrecoverable Servicer Advance as of the date Seller made such Servicer Advance and (c) be supported by customary backup documentation. Seller agrees to provide prompt notice to Purchaser of any Servicer Advance
made by Seller under the Deferred Servicing Agreements and deliver to Purchaser such customary backup documentation relating to any Servicer Advance promptly upon request by Purchaser. In the event Seller cannot provide, or cause to be provided to
Purchaser any customary backup documentation, and Purchaser is unable to be reimbursed for such Servicer Advance solely as a result of such failure, Seller shall reimburse Purchaser for the amount of such unreimbursed Servicer Advances within five
(5) Business Days of Purchaser’s written request, to the extent Purchaser paid Seller for such amounts. 

  
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 3.6 Reimbursement of Servicing Advances. Seller shall, to the extent permitted under
any Deferred Servicing Agreement cause the reimbursement of any Servicer Advances under the Deferred Servicing Agreements to be made directly into Purchaser’s account in accordance with Purchaser’s written directions. In any case, Seller
shall within one (1) Business Day of the receipt thereof, remit to Purchaser any amounts that are received by Seller under any Deferred Servicing Agreement after the Closing Date as reimbursement of any Servicer Advance. Any such amounts shall
be remitted in accordance with Purchaser’s written directions. 
 ARTICLE 4 

REPRESENTATIONS AND WARRANTIES OF SELLER 
 Seller makes the following representations and warranties to Purchaser as of (a) each of the Closing Date and each Sale Date or (b) as of such other dates specified below: 

4.1 General Representations. Each of the representations and warranties set forth in Article 3 of the Agreement are true
and correct. 
 4.2 Title to Transferred Assets. From and including the Closing Date until such Servicing Rights
Assets are transferred to Purchaser under Section 2.2, Seller shall be the sole holder and owner of the Servicing Rights Assets and shall have good and marketable title to the Servicing Rights Assets, free and clear of any Liens. Upon
the sale of such Servicing Rights Assets pursuant to Section 2.2, Seller will transfer to Purchaser good and marketable title to the Servicing Rights Assets free and clear of any Liens. Seller is the sole holder and owner of the Rights to MSRs and
the Advance SPEs and the sale and delivery to Purchaser of the Rights to MSRs and the Advance SPEs pursuant to the provisions of this Sale Supplement will transfer to Purchaser good and marketable title to the Rights to MSRs and the Advance SPEs
free and clear of any Liens. 
 4.3 Right to Receive Servicing Fees. Seller is entitled to receive Servicing
Fees, Ancillary Income and Prepayment Interest Excess as servicer under each Servicing Agreement, and the New York Uniform Commercial Code permits the Seller to transfer the Rights to MSRs to Purchaser under the Agreement and this Sales Supplement
without violation of any applicable Servicing Agreement. 
 4.4 Servicing Agreements and Underlying Documents.
Schedule I hereto contains a list of all Servicing Agreements (other than the Underlying Documents) related to the Servicing Rights that are subject to this Sale Supplement and Schedule II hereto contains a list of all Underlying Documents
related to such Servicing Agreement, in each case with all amendments and modifications thereto, or supplements thereto with respect to such Servicing Rights. 
 4.5 Mortgage Pool Information, Related Matters. 
 (a) Seller has delivered
to Purchaser one or more summary schedules which set forth information with respect to each Mortgage Pool relating to the Servicing Rights (the “Summary Schedules”). Seller acknowledges that Purchaser has relied on such
Summary Schedules to determine the Purchase Price it was willing to pay for the Transferred Assets. 

  
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 (b) The Summary Schedules, the Mortgage Loan Schedule and the Database are true, accurate
and complete in all material respects as of the related Cut-off Date or such other date specified thereon. 
 (c) The Mortgage
Loan Schedule indicates, by code reference, which of the Mortgage Loans have been converted into REO Properties as of the Cut-off Date. 
 4.6 Enforceability of Servicing Agreements. 
 (a) Seller has delivered to
Purchaser, on or prior to the related Closing Date, true and complete copies of all Servicing Agreements listed on Schedule I hereto and all amendment thereto and all Underlying Documents listed on Schedule II hereto and all amendments thereto.
There are no other written or oral agreements binding upon Seller or Purchaser that modify, supplement or amend any such Servicing Agreement or Underlying Document. 
 (b) Seller has not received written notice of any pending or threatened cancellation or partial termination of any Servicing Agreement or Underlying Document or any written notice of any pending or
threatened termination of Seller as servicer of any of the Mortgage Loans. 
 (c) On and prior to the related Servicing Transfer
Date, each Servicing Agreement and each of the Underlying Documents is or was a valid and binding obligation of Seller, is or was in full force and effect and enforceable against Seller in accordance with its terms, except as such enforceability may
be affected by bankruptcy, insolvency, fraudulent conveyance, reorganization and other similar laws relating to or affecting creditors rights generally and general principles of equity (regardless of whether considered in a proceeding of law or in
equity). 
 4.7 Compliance With Servicing Agreements. 

(a) Seller has serviced the Mortgage Loans subject to the Servicing Agreements and has kept and maintained complete and accurate books
and records in connection therewith, all in accordance with Applicable Requirements, has made all remittances required to be made by it under each Servicing Agreement and is otherwise in compliance in all material respects with all Servicing
Agreements and the Applicable Requirements. 
 (b)(i) No early amortization event, servicer default, servicer termination event,
event of default or other default or breach has occurred under any Servicing Agreement or any Underlying Document (except with respect to the delinquency or loss performance triggers identified in the Summary Schedules), and (ii) no event has
occurred, which with the passage of time or the giving of notice or both would: (A) constitute a material default or breach by Seller under any Servicing Agreement, Underlying Document or under any Applicable Requirement; (B) permit
termination, modification or amendment of any such Servicing Agreement or Underlying Document by a third party without the consent of Seller; (C) enable any third party to demand that either Seller or Purchaser either incur any repurchase
obligations pursuant to a Servicing Agreement or an Underlying Document or provide indemnification for any amount of 

  
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losses relating to a breach of a loan representation or warranty; (D) impose on Seller or Purchaser sanctions or penalties in respect of any Servicing Agreement or Underlying Document; or
(E) rescind any insurance policy or reduce insurance benefits in respect of any Servicing Agreement or Underlying Document which would result in a material breach or trigger a default of any obligation of Seller under any Servicing Agreement or
Underlying Document. 
 (c) There are no agreements currently in place with any subservicers to perform any of Seller’s
duties under the Servicing Agreements. 
 (d) Each report and officer’s certification prepared by Seller as servicer
pursuant to a Servicing Agreement is true and correct in all material respects. Seller has previously made available to Purchaser a correct and complete description of the policies and procedures used by Seller in connection with servicing the
Mortgage Loans related to the Servicing Agreements. 
 (e) In the preceding twelve (12) month period, no Governmental
Authority, Investor, Insurer, rating agency, trustee, master servicer or any other party to a Servicing Agreement has provided written notice to Seller claiming or stating that Seller has violated, breached or not complied with any Applicable
Requirements in connection with the servicing of the related Mortgage Loans which has not been resolved by Seller. 
 (f) All
Custodial Accounts and Escrow Accounts have been established and continuously maintained in accordance with Applicable Requirements. All Custodial Account and Escrow Account balances required by the Mortgage Loans and paid for the account of the
Mortgagors under the related Mortgage Loans have been credited properly to the appropriate account and have been retained in and disbursed from the appropriate account in accordance with Applicable Requirements. 

4.8 No Recourse. None of the Servicing Agreements or other contracts to be assumed by Purchaser hereunder provide for Recourse to
Seller. 
 4.9 The Mortgage Loans. 
 (a) Each of the Mortgage Loans and REO Properties related to each Servicing Agreement has been serviced in accordance with Applicable Requirements in all material respects. 

(b) Except as disclosed on the Mortgage Loan Schedule, in the related Database and in the related Loan File and consistent with the
requirements of the related Servicing Agreement, Seller has not waived any default, breach, violation or event of acceleration under any Mortgage Loan, except to the extent that any such waiver is permitted under the related Servicing Agreement and
reflected in the Mortgage Loan Schedule, the related Database and the related Loan File and the disclosure relating to such waiver is reflected consistently in all material respects among the related Mortgage Loan Schedule, the related Database and
the related Loan File. The Mortgage related to each Mortgage Loan related to the Servicing Agreements has not been satisfied, cancelled or subordinated, in whole or in part, and except as permitted under the related Servicing Agreement, the related
Mortgaged Property has not been released from the lien of the Mortgage, in whole or in part, nor has any instrument been executed that would effect any such release, cancellation, or subordination. 

  
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 (c) There is in force with respect to each Mortgaged Property and REO Property related to a
Servicing Agreement a hazard insurance policy (including any policy in effect under a forced place insurance policy) and, if applicable, a flood insurance policy that provides, at a minimum, for the coverage as required by the applicable Servicing
Agreement. Seller and any prior servicer or subservicer under the Servicing Agreements has taken all necessary steps to maintain any hazard insurance policy, flood insurance policy, primary mortgage insurance policy, and title insurance policy as
required under the Servicing Agreements. 
 (d) Seller is not aware of any repurchase requests or demands being made or
threatened to be made with respect to any Mortgage Loans related to the Servicing Agreements in excess of $10 million with respect to any Servicing Agreement. 
 (e) Except as disclosed in the related Database, Seller has not received notice from any Mortgagor with respect to the Mortgage Loans related to the Servicing Agreements of a request for relief pursuant
to or invoking any of the provisions of the Servicemembers Civil Relief Act or any similar law which would have the effect of suspending or reducing the Mortgagor’s payment obligations under a Mortgage Loan or which would prevent such loan from
going into foreclosure. 
 (f) With respect to each adjustable rate Mortgage Loan, Seller and each prior servicer has complied
in all material respects with all Applicable Requirements regarding interest rate and payment adjustments. 
 (g) Each first
lien Mortgage Loan is covered by a valid and freely assignable, life of loan, tax service contract, and flood tracking services contract, in full force and effect. All flood zone determination information provided to Purchaser is true and correct in
all material respects. 
 (h) There are no actions, claims, litigation or governmental investigations pending or, to the
knowledge of Seller, threatened, against Seller, or with respect to any Servicing Agreement or any Mortgage Loan, which relate to or affect Seller’s rights with respect to the Servicing Rights or Seller’s right to sell, assign and transfer
the Servicing Rights or the Rights to MSRs or to receive any Servicing Fee, which could reasonably be expected to have a Material Adverse Effect individually or in the aggregate. 

(i) Payments received by Seller with respect to any Mortgage Loans related to the Servicing Agreements have been remitted and properly
accounted for as required by Applicable Requirements in all material respects. All funds received by Seller in connection with the satisfaction of Mortgage Loans, including foreclosure proceeds and insurance proceeds from hazard losses, have been
deposited in the appropriate Custodial Account or Escrow Account and all such funds have been applied to pay accrued interest on the Mortgage Loans, to reduce the principal balance of the Mortgage Loans in question, or for reimbursement of repairs
to the Mortgaged Property or as otherwise required by Applicable Requirements or are on deposit in the appropriate Custodial Account or Escrow Account. 
 (j) Seller is not aware of any Person that has issued any notice or written intention to exercise the optional call or optional redemption provisions under any of the related Servicing Agreements.

  
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 (k) No fraudulent action has taken place on the part of Seller in connection with its
servicing of any Mortgage Loan related to the Servicing Agreement. 
 (l) Except with respect to partial releases, actions
required by a divorce decree, assumptions, or as otherwise permitted under Applicable Requirements and documented in the Loan File and the Database, (i) the terms of each Mortgage Note and Mortgage have not been modified by Seller or any prior
servicer, (ii) no party thereto has been released in whole or in part by Seller or any prior servicer and (iii) no part of the Mortgaged Property has been released by Seller or any prior servicer. 

4.10 Servicing Advance Receivables. 
 (a) From and including the Closing Date until such Servicing Advance Receivable is transferred to Purchaser under Section 3.3, Seller is the sole holder and owner of each Servicing Advance
Receivable and has good and marketable title to such Servicing Advance Receivable. Seller has not previously assigned, transferred or encumbered the Servicing Advance Receivables other than pursuant to the Agreement, this Sale Supplement and the
Servicing Advance Financing Agreements. The sale and delivery to Purchaser of the Servicing Advance Receivables pursuant to the provisions of this Sale Supplement will transfer to Purchaser good and marketable title to the Servicing Advance
Receivables free and clear of any Liens (other than the Liens created pursuant to the Servicing Advance Financing Agreements). 

(b) Each Servicing Advance Receivable transferred to Purchaser under Section 3.3, is at the time of such transfer a valid and
existing account owing to Seller and is carried on the books of Seller at or less than the amount actually advanced or accrued net of any charge-offs or other adjustments by Seller. Seller has not received any notice from a master servicer,
securities administrator, trustee, Insurer, Investor or any other Person, which disputes or denies a claim by Seller for reimbursement in connection with any such Servicing Advance Receivable. Each Servicer Advance made by Seller (and each trailing
invoice received by Purchaser on or after the related Servicing Transfer Date for services rendered prior to such Servicing Transfer Date) that is reimbursed or paid by Purchaser to Seller or a third party service provider is fully reimbursable to
Purchaser as a Servicer Advance under the terms of the related Servicing Agreement. 
 (c) Each Servicer Advance made by Seller
was made in accordance with Applicable Requirements and Seller’s advance policies and stop advance policies and procedures in all material respects, and is not subject to any set-off or claim that could be asserted against Purchaser. No
Servicer Advance made by Seller or any prior servicer under a Servicing Agreement and not reimbursed or paid to Seller prior to the related Sale Date is a Non-Qualified Servicer Advance. Seller has not received any written notice from any Person in
which such Person disputes or denies a claim by Seller for reimbursement in connection with a specifically identified Servicer Advance. 
 4.11 Servicing Agreement Consents and Other Third Party Approvals. None of the execution, delivery and performance of the Agreement and this Sale Supplement by Seller, the transfers of Servicing
Rights under Section 2.2, the transfer of Rights to MSRs under Section 2.1, the transfers of Servicing Advance Receivables under Section 3.3, the transfer of the Advance SPEs under Section 3.1 and the
other transactions contemplated hereby require any consent, approval, waiver, authorization, penalties, notice or filing to be obtained by Seller or Purchaser from, or to be given by Seller or Purchaser to, or made by Seller or Purchaser with, any
Person, except for, with respect to the Servicing Rights Assets, the Third Party Consents. 

  
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 4.12 Servicing Advance Financing Agreements. 

(a) All of the Servicing Agreements are “Facility Eligible Servicing Agreements,” and each Servicer Advance owned by an Advance
SPE is a “Facility Eligible Receivable,” each as defined under the Servicing Advance Financing Agreements. 
 (b) All
of the representations and warranties of Seller in the Servicing Advance Financing Agreements are true and correct, and no early amortization event, default, event of default or similar event has occurred under the Servicing Advance Financing
Agreements. 
 (c) Each of Seller and its Affiliates have complied in all material respects with the terms of the existing
Servicing Advance Financing Agreements. 
 4.13 Anti-Money Laundering Laws. Seller has complied with all applicable
anti-money laundering laws and regulations. 
 4.14 Servicer Ratings. Seller has a residential primary servicer rating
for the servicing of subprime residential mortgage loans issued by S&P, Fitch or Moody’s at or above “Above Average,” “RPS3” and “SQ2-”, respectively. 

4.15 Eligible Servicer. Seller meets the eligibility requirements of a servicer and a subservicer under the terms of each
Servicing Agreement and Underlying Document. 
 4.16 HAMP. Seller has entered into a Commitment to Purchase Financial
Instrument and Servicer Participation Agreement with Fannie Mae, as financial agent of the United States, which agreement is in full force and effect. 
 ARTICLE 5 
 CONDITIONS PRECEDENT 

5.1 Conditions to the Purchase of the Rights to MSRs and the Advance SPEs. Purchaser’s obligations to (i) purchase the
Rights to MSRs pursuant to Section 2.1 and the Servicing Rights pursuant to Section 2.2 and to pay the Purchase Price (and the Estimated Purchase Price) pursuant to Section 2.3 and Section 2.6 and
(ii) purchase the Advance SPEs pursuant to Section 3.1 and to pay the Advance SPE Purchase Price pursuant to Section 3.4 are subject to the satisfaction or Purchaser’s waiver of each of the conditions set forth in
Section 6.1 and Section 6.3 of the Agreement (except the requirement to deliver the Third Party Consents necessary to transfer the Servicing Rights pursuant to Section 2.2) with respect to each of the Servicing
Agreements and each of the Servicing Rights, as applicable, on the Closing Date and the satisfaction of each of the following conditions: 

  
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 (a) Seller shall have obtained all consents or approvals required to be obtained to
consummate the transfers of the Rights to MSRs to Purchaser pursuant to Section 2.1 and the equity in the Advance SPEs pursuant to Section 3.1; 
 (b) The Servicing Advance Facility Agreements shall have been executed and delivered by each of the parties thereto and all of the conditions precedent to the effectiveness of the Servicing Advance
Facility Agreements set forth therein have been satisfied; 
 (c) Home Loan Servicing Solutions, Ltd. shall have completed a
successful initial public offering and contributed proceeds therefrom to Purchaser in an amount sufficient to pay the Purchase Price on the Closing Date; 
 (d) The Subservicing Agreement and the Subservicing Supplement shall have been executed and delivered by each of the parties thereto and all of the conditions precedent to the effectiveness of the
Subservicing Agreement and the Subservicing Supplement set forth therein have been satisfied. 
 ARTICLE 6 

SERVICING MATTERS 
 6.1 Seller as Servicer. Except as expressly set forth in this Sale Supplement, Seller shall perform all its the duties and obligations of under each Servicing Agreement until the related Servicing
Transfer Date and shall at all times until the related Servicing Transfer Date meet any standards and fulfill any requirements applicable to Seller under each Servicing Agreement. 

6.2 Servicing. Except as otherwise specifically provided in this Sale Supplement, Seller covenants and agrees to service and
administer each Mortgage Loan related to a Servicing Agreement from and after the Closing Date until the related Servicing Transfer Date in accordance with Applicable Law, the terms of the related Mortgage Loan Documents and any applicable private
mortgage insurance or pool insurance, the standards, requirements, guidelines, procedures, restrictions and provisions of the related Servicing Agreement and Underlying Documents governing the duties of Seller thereunder, this Sale Supplement and
any other Applicable Requirements. Without limiting the foregoing, Seller covenants and agrees that it shall perform its obligations pursuant to this Sale Supplement in a manner that will not cause the termination of Seller as servicer under any
Deferred Servicing Agreement, including any termination based on Seller’s management of delinquency or loss performance with respect to Mortgage Loans related to such Deferred Servicing Agreement. The parties acknowledge and agree that any
termination of Seller as servicer with respect to a Servicing Agreement pursuant to a delinquency or loss performance trigger or for any other reason, other than as a result of a failure by Purchaser to purchase Servicing Advance Receivables
pursuant to Section 3.3, shall be deemed to be the result of a breach by Seller of its obligations under this Sale Supplement and the Agreement. In the event of a conflict between a Servicing Agreement and this Article 6, the
Servicing Agreement shall control. 

  
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 6.3 Collections from Obligors and Remittances. Seller shall direct the obligors on
the Deferred Mortgage Loans to remit payment on the Deferred Mortgage Loans to the Clearing Account (as defined in the Servicing Agreement) and shall within one (1) Business Day of receipt promptly deposit any amounts Seller receives with
respect to the Deferred Mortgage Loans in the Clearing Account. Seller shall promptly remit all amounts received by Seller with respect to the Mortgage Loans to the applicable Custodial Account or Escrow Account, but no later than the earlier of two
(2) Business Days after receipt thereof or the date required pursuant to the applicable Deferred Servicing Agreement; provided, that Seller shall, subject to the terms of the related Servicing Agreement, remit any such amounts that
constitute recovery of a Servicer Advance to the applicable account, if any, specified by Purchaser pursuant to Section 3.6 within one (1) Business Day of receipt thereof; provided, further, that Seller shall, subject to the
terms of the related Servicing Agreement, remit any such amounts that constitute Servicing Fee to the applicable account, if any, specified by Purchaser pursuant to Section 2.5 within one (1) Business Day of receipt thereof. Seller
shall also making any compensating interest payments or prepayment interest shortfall payments required to be made by Seller with respect to the Mortgage Loans under the Deferred Servicing Agreements, and shall remit any such payments to the
applicable Custodial Account no less than one (1) Business Day prior to the applicable remittance date for such Servicing Agreement. 
 6.4 Servicing Practices. Seller shall not make any material change to its servicing practices with respect to the Deferred Mortgage Loans after the date hereof, including, any material changes to
its cash collection and sweep processes or its advance policies or stop advance policies, without Purchaser’s prior written consent, which consent shall not be unreasonably withheld or delayed. Purchaser shall have the right to direct
Seller to implement reasonable changes to Seller’s servicing practices applicable with respect to all or a portion of the Mortgage Loans, including any changes necessary to ensure compliance with any Applicable Laws or governmental programs or
directions received pursuant to the applicable Servicing Agreements. 
 6.5 Servicing Reports. Seller shall
simultaneously deliver a copy of any reports delivered by Seller to any Person pursuant to the Deferred Servicing Agreements to Purchaser. 
 6.6 Escrow Accounts. Subject to the terms of the related Deferred Servicing Agreement, Seller shall be entitled to withdraw funds from any Escrow Account related to a Deferred Servicing Agreement
only for the purposes permitted in the applicable Servicing Agreement. 
 6.7 Notices and Financial Information. Until
the last Servicing Transfer Date, Seller will furnish, or will cause to be furnished, to Purchaser: 
 (a) within two
(2) Business Days after the occurrence of a breach by Seller of the Agreement or this Sale Supplement or any Termination Event or other event that would give Purchaser the right to direct Seller to transfer the Servicing Rights with respect to
any Deferred Servicing Agreement, notice of such event; 

  
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 (b) any information required to be delivered by Seller pursuant to Section 5.10
of the Subservicing Agreement, which information shall be delivered at such times as specified in Section 5.10 of the Subservicing Agreement, provided that any reference to a “Subject Servicing Agreement” in
Section 5.10 of the Subservicing Agreement shall be deemed to be a reference to a “Deferred Servicing Agreement,” for the purposes of this Section 6.7; and 

(c) such other information regarding the condition or operations, financial or otherwise, of Seller or any of its subsidiaries as
Purchaser may from time to time reasonably request. 
 6.8 Defaults under Deferred Servicing Agreements. Seller covenants
and agrees to use its reasonable best efforts to cure any breach, default or notice of default with respect to its obligations under any Deferred Servicing Agreement within the timeframe for cure set forth in such Deferred Servicing Agreement.

 6.9 Continuity of Business. (a) Seller will maintain a disaster recovery plan in support of the services it
performs pursuant to this Sale Supplement and each Deferred Servicing Agreement. Seller’s disaster recovery plan shall include, at a minimum, procedures for back-up/restoration of operating and loan administration computer systems; procedures
and third-party agreements for replacement equipment (e.g. computer equipment), and procedures and third-party agreements for off-site production facilities. Seller will provide Purchaser information regarding its disaster recovery plan upon
Purchaser’s reasonable request. Seller agrees to annually test its disaster recovery plan to ensure compliance with this Section 6.9. If such test results identify a material failure, Seller shall advise Purchaser of the steps
Seller will be taking to remedy such failure and shall notify Purchaser when Seller has remedied such failure and retested. Seller will notify Purchaser anytime Seller’s disaster recovery plan is activated. In the event of an activation of the
disaster recovery plan, Seller shall use best efforts to provide redundancy capabilities for a majority of the critical systems within 48 hours in at least one of Seller’s other servicing facilities unaffected by the disaster to ensure
servicing of the Mortgage Loans will be re-established within such 48 hours. 
 6.10 Optional Termination or Clean Up
Calls. Seller may exercise its rights under any optional termination or clean up call provision pursuant to a Deferred Servicing Agreement prior to the related Servicing Transfer Date; provided that simultaneously or prior to such
exercise, (i) Seller or its designee agrees to purchase, and purchases, the Mortgage Loans that are subject to such Deferred Servicing Agreement at a purchase price that is at least equal to the applicable purchase price pursuant to such
Deferred Servicing Agreement, (ii) all unreimbursed Servicer Advances and other amounts owed to Purchaser with respect to such Deferred Servicing Agreement under the Sale Supplement or otherwise are paid to Purchaser, (iii) Seller shall
have paid to Purchaser a redemption fee with respect to such Deferred Servicing Agreement equal to the Book Value of the Rights to MSRs related to such Deferred Servicing Agreement on Purchaser’s financial statements as of the date of such
optional termination or clean up call and (iv) Seller shall provide at least ten (10) Business Days prior written notice to Purchaser of such exercise. 
 6.11 Amendments to Deferred Servicing Agreements; Transfer of Servicing Rights. Seller hereby covenants and agrees not to amend the Servicing Agreements without Purchaser’s prior written
consent. Seller shall not sell or otherwise voluntarily transfer servicing under any of the Deferred Servicing Agreement during the Consent Period except as expressly provided in this Sale Supplement or take any other actions inconsistent with
Purchaser’s right to acquire ownership of Servicing Rights with respect to a Servicing Agreement upon receipt of the required Third Party Consents. 

  
 -20-

 6.12 Assumption of Servicing Duties; Transfer of Rights to MSRs and Servicing Rights.
Purchaser may from time to time designate any of Seller’s servicing obligations under a Deferred Servicing Agreement and assume the performance of such obligations so long as such assumption is permitted pursuant to such Deferred Servicing
Agreement and does not limit Seller’s right to receive the Servicing Fees pursuant to such Deferred Servicing Agreement. Notwithstanding anything in the Agreement or this Sale Supplement to the contrary, Purchaser may transfer the Rights to
MSRs to any third party and/or may direct Seller to transfer the Servicing Rights to a third party that can obtain the required Third Party Consents, subject to the right of the Seller to receive the Seller Monthly Servicing Fee, the Performance
Fee, the Ancillary Income and, if applicable, the Prepayment Interest Excess owed to Seller with respect to such Deferred Servicing Agreement pursuant to Article 7. For the avoidance of doubt, Purchaser shall be entitled to receive all
proceeds of such transfer. 
 6.13 Termination Event. In the case that any Termination Event occurs with respect to any
Servicing Agreement during the Consent Period, Seller shall, upon Purchaser’s written direction to such effect, use commercially reasonable efforts to transfer the Servicing Rights relating to any affected Servicing Agreement to a third party
servicer identified by Purchaser with respect to which all required Third Party Consents with respect to such Servicing Agreement can be obtained. Purchaser shall be entitled to receive all proceeds of such transfer. 

6.14 Servicing Transfer. Seller and Purchaser shall, prior to the Servicing Transfer Date with respect to each Servicing
Agreement, work in good faith to determine and agree upon applicable servicing transfer procedures with respect to such Servicing Agreement. 
 6.15 Incorporation of Provisions from Subservicing Agreement. The provisions of each of Sections 5.3, 5.4, 5.5, 5.6, 5.7, 5.8 (excluding the first sentence
thereof), 5.17 and 5.18, and Exhibit A of the Subservicing Agreement are hereby incorporated into this Sale Supplement by reference, mutatis mutandis, as if its provisions were fully set forth herein; provided that
any reference therein to the defined terms “Ocwen,” “Servicer,” “Mortgage Loan,” “Subject Servicing Agreement” and “Agreement,” shall be deemed for purposes of this Sale Supplement to be references
to the terms “Seller,” “Purchaser,” “Deferred Mortgage Loan,” “Deferred Servicing Agreement” and “Sale Supplement,” respectively and any reference therein to the phrase “during the term of this
Agreement” shall be deemed for purposes of this Sale Supplement to be references to the phrase “until the last Servicing Transfer Date.” 

  
 -21-

 ARTICLE 7 
 SELLER SERVICING FEES; COSTS AND EXPENSES 
 7.1 Seller Monthly Servicing
Fee. As consideration for Seller servicing the Mortgage Loans pursuant to the Deferred Servicing Agreements during the applicable Consent Period but prior to the earlier of the date on which the Servicing Rights are transferred from Seller with
respect to a Deferred Servicing Agreement or Servicing Fee Reset Date, Purchaser shall pay to Seller a monthly base servicing fee for each calendar month during such period during which Seller is servicing Mortgage Loans with respect to Deferred
Servicing Agreements pursuant to this Sale Supplement equal to 12% of the aggregate Servicing Fees actually received by Purchaser under this Sale Supplement during such calendar month with respect the Deferred Servicing Agreements (the
“Seller Monthly Servicing Fee”). 
 7.2 Performance Fee. In addition to the Seller Monthly Servicing
Fee, Purchaser shall pay to Seller for each calendar month during which Purchaser is servicing Mortgage Loans with respect to Deferred Servicing Agreements pursuant to this Sale Supplement a performance fee (“Performance Fee”) equal to the
greater of (a) zero and (b) (x) the excess, if any, of the aggregate of all Servicing Fees actually received by Purchaser with respect to the Deferred Servicing Agreements and pursuant to the Transferred Servicing Agreements (whether
directly pursuant to such Transferred Servicing Agreements or pursuant to this Sale Supplement) during such calendar month over the sum of (i) the Monthly Servicing Fee for such calendar month and (ii) the Retained Servicing Fee for such calendar
month multiplied by (y) a fraction, (i) the numerator of which is the average unpaid principal balance of all Mortgage Loans subject to the Deferred Servicing Agreements during such calendar month and (ii) the denominator of which is equal to the
sum of the average unpaid principal balance of all Mortgage Loans subject to the Deferred Servicing Agreements during such calendar month and the average unpaid principal balance of all Mortgage Loans subject to the Transferred Servicing Agreements
during such calendar month, or such other allocation percentage which is agreed by Seller and Purchaser (the “Allocation Percentage”). The Performance Fee, if any, for any calendar month will be reduced by an amount equal to (y)
6.50% per annum (i.e., 0.5417% per month) of the Excess Servicing Advances, if any, for such month multiplied by the Allocation Percentage. If the Closing Date does not occur on the first day of a calendar month, the Performance Fee for the period
from the Closing Date to the last of the calendar month in which the Closing Date occurs shall be calculated in a pro rata manner based on the number of days in such period. Notwithstanding any provision in this Sale Supplement to the contrary, in
the event Purchaser has failed to pay Seller any Seller Monthly Servicing Fee or Performance Fees that are past due after ten (10) Business Days of Purchaser receiving notice of such failure, Seller shall not be required to continue to act as
subservicer until such time as Purchaser has fully paid such past due Seller Monthly Servicing Fee or Performance Fee; provided that Purchaser shall not have notified Seller that it disputes the occurrence or amount of such past due Seller
Monthly Servicing Fee or Performance Fee. 
 7.3 Costs and Expenses. Except as otherwise expressly provided in the
Agreement or this Sale Supplement, each party hereto shall be responsible for its own costs and expenses incurred in connection with the negotiation and execution of the Agreement, this Sale Supplement and all documents relating thereto. Seller
shall be required to pay all expenses incurred by it in connection with its obligations hereunder to the extent such expenses do not constitute Servicer Advances and shall not be entitled to reimbursement therefor except as specifically provided for
herein or in the applicable Deferred Servicing Agreement. Seller shall reimburse Purchaser for any reasonable out-of-pocket costs, including legal fees, incurred by Purchaser in connection with obtaining any required Third Party Consents;
provided, however, that Purchaser shall not incur such costs without the prior written approval of Seller. Purchaser shall pay the conversion fee payable in connection with the amendment and restatement of the Servicer Advance
Financing Agreements. 
 7.4 Ancillary Income. Seller shall be entitled to retain as additional compensation any
Ancillary Income and any Prepayment Interest Excess received by Seller with respect to the Deferred Mortgage Loans, to the extent such Ancillary Income or Prepayment Interest Excess is permitted to be retained by Seller pursuant to the related
Deferred Servicing Agreement. 

  
 -22-

 7.5 Calculation and Payment. No later than the second Business Day following the
receipt by Purchaser of the Monthly Servicing Oversight Report for a calendar month, Purchaser will remit to Seller in immediately available funds the Seller Monthly Servicing Fee and Performance Fees payable by Purchaser to Seller for the related
calendar month, along with a report showing in reasonable detail the calculation of such Seller Monthly Servicing Fees and Performance Fees. 
 7.6 No Offset. Neither party shall have any right to offset against any amount payable hereunder or other agreement to the other party, or otherwise reduce any amount payable hereunder as a result
of, any amount owing by the other party or any of its Affiliates to such party or any of its Affiliates. 
 7.7 Servicing Fee
Reset Date. The servicing fees payable to Seller after the Servicing Fee Reset Date shall be subject to negotiation between Seller and Purchaser. If Seller and Purchaser are unable to agree to such servicing fee prior to the Servicing Fee Reset
Date, Seller shall, upon Purchaser’s written direction to such effect, transfer the Servicing Rights relating to all of the Deferred Servicing Agreements to a third party servicer identified by Purchaser with respect to which all required Third
Party Consents with respect to the Deferred Servicing Agreements can be obtained. Purchaser shall be entitled to receive all proceeds related to such transfer. 
 ARTICLE 8 
 INDEMNIFICATION 

8.1 Seller Indemnification of Purchaser. Seller agrees to indemnify and hold harmless Purchaser and each officer, director, agent,
employee or Affiliate of Purchaser (each, a “Seller Indemnified Party”) from and against any and all claims, losses, damages, liabilities, judgments, penalties, fines, forfeitures, legal fees and expenses, and any and all related
costs and/or expenses of litigation, administrative and/or regulatory agency proceedings, and any other costs, fees and expenses (each, a “Liability”) suffered or incurred by Purchaser or any such other Person (whether or not
resulting from a third party claim) arising directly or indirectly out of or resulting from (a) any event relating to Transferred Assets occurring prior to the related Servicing Transfer Date, (b) a breach of any of Seller’s
representations and warranties contained in the Agreement, this Sale Supplement or any other Related Agreement or Seller’s failure to observe and perform any of Seller’s duties, obligations, covenants or agreements contained in the
Agreement, this Sale Supplement or any other Related Agreement, (c) acts or omissions of Seller, any other servicer of any Mortgage Loans, or any subservicer, contractor or agent engaged by Seller or any other servicer, in each case prior to
the related Servicing Transfer Date, relating to the Transferred Assets, including any failure by Seller, any other servicer or any subservicer, contractor or agent engaged by Seller or any other servicer prior to the related Servicing Transfer Date
to comply with the Applicable Requirements, (d) the Excluded Liabilities or (e) any acts or omissions by Seller or its employees or agents in performance of its duties or obligations pursuant to this Sale Supplement. 

  
 -23-

 8.2 Purchaser Indemnification of Seller. Purchaser agrees to indemnify and hold
harmless Seller and each officer, director, agent, employee or Affiliate of Seller (each, a “Purchaser Indemnified Party”) from and against any and all Liability suffered or incurred by Seller or any such other Person arising out of
or resulting from (a) a breach of any of Purchaser’s representations and warranties or covenants contained in the Agreement, the Sale Supplement or any other Related Agreement or (b) acts or omissions of Purchaser or any subservicer,
contractor or agent (other than Seller or any of Seller’s Affiliates) engaged by Purchaser, in each case after the related Servicing Transfer Date, relating to the Transferred Assets. 

8.3 Indemnification Procedures. 
 (a) As promptly as is reasonably practicable after becoming aware of a claim for indemnification under the Agreement or this Sale Supplement not involving a Third-Party Claim, but in any event no later
than fifteen (15) Business Days after first becoming aware of such claim, the Indemnified Person shall give notice to the Indemnifying Person of such claim, which notice shall specify the facts alleged to constitute the basis for such claim and
the amount that the Indemnified Person seeks hereunder from the Indemnifying Person; provided, however, that the failure of the Indemnified Person to give such notice shall not relieve the Indemnifying Person of its obligations under
this Section 8.3 except to the extent (if any) that the Indemnifying Person shall have been prejudiced thereby. 

(b) The Indemnified Person shall give notice as promptly as is reasonably practicable, but in any event no later than ten
(10) Business Days after receiving notice thereof, to the Indemnifying Person of the assertion of any claim, or the commencement of any action, suit, claim or proceeding, by any unaffiliated third Person (a “Third-Party Claim”)
in respect of which indemnity may be sought under the Agreement or this Sale Supplement (which notice shall specify in reasonable detail the nature and amount of such claim); provided, however, that the failure of the Indemnified
Person to give such notice shall not relieve the Indemnifying Person of its obligations under this Section 8.3 except to the extent (if any) that the Indemnifying Person shall have been prejudiced thereby. The Indemnifying Person may, at
its own expense, (i) participate in the defense of any such Third-Party Claim, and (ii) upon notice to the Indemnified Person, at any time during the course of any such Third-Party Claim, assume the defense thereof with counsel of its own
choice and, in the event of such assumption, shall have the exclusive right, subject to clause (i) in the proviso in Section 8.3(c), to settle or compromise such Third-Party Claim. If the Indemnifying Person assumes such
defense, the Indemnified Person shall have the right (but not the duty) to participate in the defense thereof and to employ counsel, at its own expense, separate from the counsel employed by the Indemnifying Person. Whether or not the Indemnifying
Person chooses to defend or prosecute any such Third-Party Claim, all of the parties hereto shall cooperate in the defense or prosecution thereof. 
 (c) Any settlement or compromise made or caused to be made by the Indemnified Person (unless the Indemnifying Person has the exclusive right to settle or compromise under clause (ii) of
Section 8.3(b) or the Indemnifying Person, as the case may be), of any such Third-Party Claim shall also be binding upon the Indemnifying Person or the Indemnified Person, as the case may be, in the same manner as if a final judgment had
been entered by a court of competent jurisdiction in the amount of such settlement or compromise; provided, however, that (i) no obligation, restriction, loss or admission of guilt or wrongdoing shall be imposed on the Indemnified
Person as a result of such settlement or compromise without its prior written consent and (ii) the Indemnified Person will not compromise or settle any Third Party Claim without the prior written consent of the Indemnifying Person. 

  
 -24-

 (d) Except as specifically provided for in the Agreement or this Sale Supplement, no claim
may be made by an Indemnified Person for any special, indirect, punitive or consequential damages (“Special Damages”) in respect of any breach or wrongful conduct (whether the claim therefor is based on contract, tort or duty
imposed by law) in connection with, arising out of, or in any way related to the transactions contemplated, or relationship established, by this Agreement or any Sale Supplement, or any act, omission or event occurring in connection herewith or
therewith, and to the fullest extent permitted by law, each of Seller and Purchaser hereby waives, releases and agrees not to sue upon any such claim for Special Damages, whether or not accrued or whether or not known or suspected to exist in its
favor. 
 8.4 Tax Treatment. (a) Seller and Purchaser agree that all payments made by any of them to or for the
benefit of the other under this Article 8, under other indemnity provisions of the Agreement or this Sale Supplement and for any misrepresentations or breaches of warranties or covenants, shall be treated as adjustments to the Purchaser Price
for tax purposes and that such treatment shall govern for purposes hereof except to the extent that the Applicable Laws of a particular jurisdiction provide otherwise. 
 (b) Seller, Purchaser and each of their respective Affiliates agree that entering into this Sale Supplement shall be treated for all tax purposes as a sale of the Servicing Rights Assets and the Purchaser
shall be treated as the beneficial owner of the Servicing Rights Assets for tax purposes as a result of entering into this Sale Supplement. The parties covenant and agree to take no position for Tax purposes contrary to the foregoing tax treatment,
and to prevent any Affiliate from taking such a contrary position. 
 (c) All payments made pursuant to this Agreement shall be
made free and clear and without deductions of any kind for taxes. 
 8.5 Survival. The parties’ obligations under
this Article 8 shall survive any termination of the Agreement and/or this Sale Supplement. 
 8.6 Additional
Indemnification. (a) Without limiting Seller’s obligations under Article 8 of this Sale Supplement, it is agreed by the parties that if Seller is terminated as servicer under any Deferred Servicing Agreement as a result of any
action described in clauses (a) through (e) of Section 8.1 above, Seller shall also pay to Purchaser, as reasonable and just compensation for such termination, an amount equal to the product of (i) the Purchase
Price for such Deferred Servicing Agreement and (ii) the Amortization Percentage for the calendar month in which Seller received notice of such termination, and Purchaser shall accept such sum as liquidated damages, and not as penalty, in the
event of such a termination. 
 8.7 Specific Performance. Notwithstanding any other provision of the Agreement or this
Sale Supplement, (i) it is understood and agreed that the remedy of indemnity payments pursuant to this Article 8 and other remedies at law would be inadequate in the case of any actual or threatened breach of the Agreement or this Sale
Supplement by Seller and (ii) Purchaser shall 

  
 -25-

 
be entitled, without limiting its other remedies and without the necessity of proving actual damages or posting any bond, to equitable relief, including the remedy of specific performance or
injunction, with respect to any breach or threatened breach of such covenants. Such relief shall be in addition to, and not in lieu of, all other remedies available at law or in equity to such party under the Agreement and this Sale Supplement.

 ARTICLE 9 
 GRANT OF SECURITY INTEREST 
 9.1 Granting Clause. To secure its
performance of its obligations under the Agreement and this Sale Supplement, Seller hereby grants to Purchaser a security interest in all of its right, title and interest in an to the following, whether now owned or hereafter acquired, and all
monies “securities,” “instruments,” “accounts,” “general intangibles,” “payment intangibles,” “payment intangibles,” “goods,” “letter of credit rights,” “chattel
paper,” “financial assets,” “investment property,” (each as defined in the applicable UCC) and other property consisting of, arising from or relating to any of the following: 

(a) the Servicing Rights in respect of all of the Mortgage Loans and REO Properties related to the Deferred Servicing Agreements, in each
case together with all related security, collections and payments thereon and proceeds of the conversion, voluntary or involuntary of the foregoing; 
 (b) the Rights to MSRs with respect to each Servicing Agreement; 
 (c) all
Servicing Fees, Ancillary Income and Prepayment Interest Excess received under the Deferred Servicing Agreements and subject to Section 6.10 of this Sale Supplement any rights to exercise any optional termination or clean-up call
provisions under the Deferred Servicing Agreements; 
 (d) all income from amounts on deposit in Custodial Accounts and Related
Escrow Accounts related to the Deferred Servicing Agreements; 
 (e) all files and records in Seller’s possession or
control, including the related Database, relating to the assets specified in clauses (a) through (d); 
 (f) all causes of
action, lawsuits, judgments, claims, refunds, choses in action, rights of recovery, rights of set-off, rights of recoupment, demands and any other rights or claims of any nature, whether arising by way of counterclaim or otherwise, available to or
being pursued by Seller to the extent related exclusively to any of the foregoing and/or the Assumed Liabilities; and 
 (g) any
proceeds of any of the foregoing (collectively, the “Collateral”). 
 This Sale Supplement shall constitute a security
agreement under applicable law. Seller agrees that from time to time it shall promptly execute and deliver all additional instruments and documents and take all additional action that Purchaser may reasonably request in order to perfect the
interests of Purchaser in, to and under, or to protect, the Collateral or to enable 

  
 -26-

 
Purchaser to exercise or enforce any of its rights or remedies hereunder. To the fullest extent permitted by applicable law, Seller hereby authorizes Purchaser to file financing statements and
amendments thereto in connection with the grant of a security interest pursuant to this Section 9.1. Seller covenants and agrees to take all necessary action to prevent the creation or imposition of any Lien upon any of the Collateral,
and to maintain the Collateral free and clear of all Liens, other than the Lien securing the obligations of Seller arising under this Sale Supplement. 
 ARTICLE 10 
 MISCELLANEOUS PROVISIONS 

10.1 Further Assurances. Without limiting Section 5.7 of the Agreement, each party hereto shall execute and deliver in
a reasonable timeframe such reasonable and appropriate additional documents, instruments or agreements and take such reasonable actions as may be necessary or appropriate to effectuate the purposes of this Sale Supplement at the request of the other
party. Without limiting the foregoing, the Seller agrees that it will promptly at Purchaser’s request execute and deliver an one or more assignment and assumption agreements, in form mutually agreed to by the parties, one or more equity
interest assignments, in form mutually agreed to by the parties, or such other documents, instruments or agreements as Purchaser may reasonably request to evidence the transfers of Rights to MSRs pursuant to Section 2.1, Servicing Rights
pursuant to Section 2.2, Advance SPEs pursuant to Section 3.1 and Transferred Receivables Assets pursuant to Section 3.3. 
 10.2 Compliance with Applicable Laws; Licenses. Seller will comply with all Applicable Laws in connection with the performance of its obligations under the Agreement and this Sale Supplement.
Seller shall maintain all necessary licenses and approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of Seller to perform its obligations under the Agreement and this Sale Supplement.

 10.3 Merger, Consolidation, Etc. Seller will keep in full effect its existence, rights and franchises as a limited
liability company, and will obtain and preserve its qualification to do business as a foreign organization in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of the Agreement, this
Sale Supplement, each Deferred Servicing Agreement or any of the Deferred Mortgage Loans, or to perform its duties under the Agreement or this Sale Supplement. Seller may be merged or consolidated with or into any Person, or transfer all or
substantially all of its assets to any Person, in which case any Person resulting from any merger or consolidation to which Seller shall be a party or acquiring all or substantially all of the assets of Seller, or any Person succeeding to the
business of Seller shall be the successor of Seller hereunder and under the Agreement, without the execution or filing of any paper or any further act on the part of any of the parties hereto; provided, however, that the successor or surviving
Person shall be an institution whose deposits are insured by FDIC or a company whose business includes the servicing of mortgage loans and shall have a tangible net worth not less than $25,000,000. 

10.4 Annual Officer’s Certificate. Not later than March 15th of each calendar year commencing in 2013, Seller shall deliver to
Purchaser an Officer’s Certificate stating, as to each signatory thereof, that (i) a review of the activities of Seller during the preceding year and of 

  
 -27-

 
performance under the Agreement and this Sale Supplement has been made under such officers’ supervision and (ii) to the best of such officer’s knowledge, based on such review,
Seller has fulfilled all of its obligations under the Agreement and this Sale Supplement in all material respects throughout such year, or, if there has been a default in the fulfillment of any such obligation in any material respect, specifying
each such default known to such officer and the nature and status thereof. 
 10.5 Accounting Treatment. Notwithstanding
Section 8.14 of the Agreement, the parties acknowledge that until such time as the Third Party Consents with respect to a Servicing Agreement are obtained, the parties shall treat the transaction hereunder with respect to such Servicing
Agreement as a financing for accounting purposes. 
 10.6 Incorporation. The provisions of Article 8 of the
Agreement are hereby incorporated into this Sale Supplement by reference, mutatis mutandis, as if its provisions were fully set forth herein. 
 10.7 Third Party Beneficiaries. Seller and Purchaser each acknowledges and agrees that the indenture trustee, on behalf of the holders of related notes, with respect to any Servicing Advance
Financing Agreements pursuant to which Purchaser has transferred Servicer Advances made pursuant to a Deferred Servicing Agreement is an express third party beneficiary of this Sale Supplement and the Agreement solely with respect to the Deferred
Servicing Agreements related to such Servicing Advance Financing Agreement. 
 [Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Sale Supplement to be executed and
delivered by its respective officer thereunto duly authorized as of the date above written. 
  

			
	OCWEN LOAN SERVICING, LLC
		
	 By:
	 	 /s/ Ronald M. Faris

		 	 Name: Ronald M. Faris

		 	 Title: President and CEO

	
	HLSS HOLDINGS, LLC
		
	 By:
	 	Home Loan Servicing Solutions, Ltd., its sole member
		
	 By:
	 	 /s/ William C. Erbey

		 	 Name: William C. Erbey

		 	 Title: Chief Executive Officer

 EXHIBIT A 
 Form of Monthly Remittance Report 
  

					
	Ocwen Loan Servicing, LLC	  	 	xxx	  
		
	Deal Name	  			
		
	Remittance Summary	  	 	March-12	  
		
	 Particulars
	  	Amount ($)	 
	 Scheduled Principal Payments
	  	 	0.00	  
	 Curtailments
	  	 	0.00	  
	 Interest on curtailment
	  	 	0.00	  
	 Pool to Security
	  	 	0.00	  
	 Payoff Principal
	  	 	0.00	  
	 Neg Amt Prin
	  	 	0.00	  
	 Deferred Principal Paid
	  	 	0.00	  
		  	  
	  
	 
	 Total Principal remitted
	  	 	0.00	  
		  	  
	  
	 
	 Gross Scheduled Interest
	  	 	0.00	  
	 Less: Service fee amount
	  	 	0.00	  
	 Less: LPMI Premium
	  	 	0.00	  
	 Add: INT on STA Reinstatement
	  	 	0.00	  
	 Add: INT on STA Paid-in-full
	  	 	0.00	  
	 Less: STA PI Recoveries
	  	 	0.00	  
		  	  
	  
	 
	 Total Interest remitted
	  	 	0.00	  
		  	  
	  
	 
	 Less: Realized Loss
	  	 	0.00	  
	 Less: Trailing expenses
	  	 	0.00	  
	 Add: Trailing income
	  	 	0.00	  
	 +/- Collection on released loans
	  	 	0.00	  
	 Interest on curtailment
	  	 	0.00	  
	 Add: Prepayment penalty
	  	 	0.00	  
	 +/- Prior period PPP
	  	 	0.00	  
	 Add: Collection on STA loans
	  	 	0.00	  
	 Add: Non recoverable Credits
	  	 	0.00	  
	 Less: Non recoverable advances
	  	 	0.00	  
	 Less: Non Loan level expense
	  	 	0.00	  
	 Less: Jr Lien Blanket Policy Fee
	  	 	0.00	  
	 Less: Pre-approved legal expense
	  	 	0.00	  
	 +/ - Reconciliation adjustments
	  	 	0.00	  
	 + / - Arrearage remittance
	  			
	 Add: Principal Arrearage
	  	 	0.00	  
	 Add: Interest Arrearage
	  	 	0.00	  
	 + / - : Modification Forgiveness of Debt
	  			
	 Principal Forgiveness
	  	 	0.00	  
	 Interest Forgiveness
	  	 	0.00	  
	 Expense Forgiveness
	  	 	0.00	  
	 Scheduling Difference
	  	 	0.00	  
	 Deffered Principal Loss
	  	 	0.00	  
	 SAM waived balance loss
	  	 	0.00	  
	 Investor Incentives
	  	 	0.00	  
	 Less: Compensating Interest adjustment
	  	 	0.00	  
		  	  
	  
	 
	 Total Remittance
	  	 	0.00	  
		  	  
	  
	 

  

					
	 Beg Sch Balance
	  	 	0.00	  
	 Ending Principal Balance
	  	 	0.00	  
	 Beg Actual Balance
	  	 	0.00	  
	 Ending Actual Principal Balance
	  	 	0.00	  
	 Beg Deferred Principal Balance
	  	 	0.00	  
	 Ending Deferred Principal Balance
	  	 	0.00	  
	 Beg Loan count
	  	 	0.00	  
	 Payoffs
	  	 	0.00	  
	 End Loan count
	  	 	0.00	  
	 Principal Roll Test
	  	 	0.00	  
	 Loan Count Test
	  	 	0.00	  
	 Non Supporting Compensating Interest
	  	 	0.00	  
	 Wire of sub—Investor
	  	 	0.00	  
		  	  
	  
	 
	 Grand Total for PI Wire
	  	 	0.00	  
		  	  
	  
	 

 SCHEDULE I 
 SERVICING AGREEMENTS 
  

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	1.	  	EQLS 2007-1	  	Pooling and Servicing Agreement, dated as of June 1, 2007, among BCAP LLC, as Depositor, BARCLAYS CAPITAL REAL ESTATE INC. D/B/A HOMEQ SERVICING, as Servicer, DEUTSCHE BANK NATIONAL
TRUST COMPANY, as Trustee, and THE BANK OF NEW YORK TRUST COMPANY, N.A., as Custodian.	  	1/17/12
				
	2.	  	SABR 2007-NC2	  	Pooling and Servicing Agreement, dated as of February 1, 2007, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, BARCLAYS CAPITAL REAL ESTATE INC. D/B/A HOMEQ SERVICING,
as Servicer, NC CAPITAL CORPORATION, as Responsible Party, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	3.	  	SABR 2007-NC1	  	Pooling and Servicing Agreement, dated as of January 1, 2007, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, BARCLAYS CAPITAL REAL ESTATE INC. D/B/A HOMEQ SERVICING,
as Servicer, NC CAPITAL CORPORATION, as Responsible Party, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	4.	  	SABR 2006-FR3	  	Pooling and Servicing Agreement, dated as of July 1, 2006, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, OFFICETIGER GLOBAL
REAL ESTATE SERVICES INC., as Loan Performance Advisor, FREMONT INVESTMENT & LOAN, as Responsible Party, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee.	  	1/18/12

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	5.	  	SABR 2006-HE1	  	Pooling and Servicing Agreement, dated as of August 1, 2006, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, FREMONT
INVESTMENT & LOAN, as a Responsible Party, AEGIS MORTGAGE CORPORATION, as a Responsible Party, DECISION ONE MORTGAGE COMPANY, LLC, as a Responsible Party, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee.	  	1/18/12
				
	6.	  	SABR 2006-HE2	  	Pooling and Servicing Agreement, dated as of September 1, 2006, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, FREMONT
INVESTMENT & LOAN, as a Responsible Party, NC CAPITAL CORPORATION, as a Responsible Party, AEGIS MORTGAGE CORPORATION, as a Responsible Party, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee.	  	1/18/12
				
	7.	  	SABR 2006-NC3	  	Pooling and Servicing Agreement, dated as of October 1, 2006, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, NC CAPITAL
CORPORATION, as Responsible Party, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Custodian.	  	1/18/12
				
	8.	  	SABR 2006-WM2	  	Pooling and Servicing Agreement, dated as of October 1, 2006, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, WMC MORTGAGE
CORP., as Responsible Party, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee.	  	1/18/12
				
	9.	  	SABR 2006-WM3	  	Pooling and Servicing Agreement, dated as of November 1, 2006, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, BARCLAYS CAPITAL REAL ESTATE INC., D/B/A HOMEQ
SERVICING, as Servicer, WMC MORTGAGE CORP., as Responsible Party, DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Custodian.	  	1/18/12

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	10.	  	SABR 2006-FR4	  	Pooling and Servicing Agreement, dated as of November 1, 2006, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, BARCLAYS CAPITAL REAL ESTATE INC., D/B/A HOMEQ
SERVICING, as Servicer, FREMONT INVESTMENT & LOAN, as Responsible Party, DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Custodian.	  	1/18/12
				
	11.	  	SABR 2006-WM4	  	Pooling and Servicing Agreement, dated as of December 1, 2006, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, BARCLAYS CAPITAL REAL ESTATE INC., D/B/A HOMEQ
SERVICING, as Servicer, WMC MORTGAGE CORP., as Responsible Party, DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Custodian.	  	1/18/12
				
	12.	  	SABR 2007-HE1	  	Pooling and Servicing Agreement, dated as of January 1, 2007, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, BARCLAYS CAPITAL REAL ESTATE INC., D/B/A HOMEQ SERVICING,
as Servicer, WMC MORTGAGE CORP., as a Responsible Party, NC CAPITAL CORPORATION, as a Responsible Party, DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Custodian.	  	1/18/12
				
	13.	  	SABR 2007-BR5	  	Pooling and Servicing Agreement, dated as of June 1, 2007, among BCAP LLC, as Depositor, BARCLAYS CAPITAL REAL ESTATE INC., D/B/A HOMEQ SERVICING, as Servicer, and DEUTSCHE BANK
NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	14.	  	SABR 2007-BR4	  	Pooling and Servicing Agreement, dated as of May 1, 2007, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, BARCLAYS CAPITAL REAL ESTATE INC., D/B/A HOMEQ SERVICING, as
Servicer, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	15.	  	SABR 2007-BR3	  	Pooling and Servicing Agreement, dated as of May 1, 2007, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, BARCLAYS CAPITAL REAL ESTATE INC., D/B/A HOMEQ
SERVICING, as Servicer, WMC MORTGAGE CORP., as Responsible Party, DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Custodian.	  	1/18/12
				
	16.	  	SABR 2007-BR2	  	Pooling and Servicing Agreement, dated as of April 1, 2007, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, BARCLAYS CAPITAL REAL ESTATE INC., D/B/A HOMEQ SERVICING,
as Servicer, WMC MORTGAGE CORP., as Responsible Party, DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Custodian.	  	1/18/12
				
	17.	  	SABR 2007-BR1	  	Pooling and Servicing Agreement, dated as of March 1, 2007, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, BARCLAYS CAPITAL REAL ESTATE INC., D/B/A HOMEQ SERVICING,
as Servicer, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	18.	  	PPSI 2004-WHQ1	  	Pooling and Servicing Agreement, dated as of September 1, 2004, among PARK PLACE SECURITIES, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Master Servicer, and WELLS FARGO
BANK, N.A., as Trustee.	  	1/18/12
				
	19.	  	PPSI 2004-MHQ1	  	Pooling and Servicing Agreement, dated as of October 1, 2004, among PARK PLACE SECURITIES, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Master Servicer, and WELLS FARGO BANK,
N.A., as Trustee.	  	1/18/12
				
	20.	  	PPSI 2004-WHQ2	  	Pooling and Servicing Agreement, dated as of November 1, 2004, among PARK PLACE SECURITIES, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Master Servicer, and WELLS FARGO
BANK, N.A., as Trustee.	  	1/18/12
				
	21.	  	PPSI 2005-WHQ1	  	Pooling and Servicing Agreement, dated as of February 1, 2005, among PARK PLACE SECURITIES, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Master Servicer, and WELLS FARGO
BANK, N.A., as Trustee.	  	1/18/12

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	22.	  	PPSI 2005-WHQ2	  	Pooling and Servicing Agreement, dated as of April 1, 2005, among PARK PLACE SECURITIES, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Master Servicer, and WELLS FARGO
BANK, N.A., as Trustee.	  	1/18/12
				
	23.	  	PPSI 2005-WHQ3	  	Pooling and Servicing Agreement, dated as of May 1, 2005, among PARK PLACE SECURITIES, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Master Servicer, and WELLS FARGO BANK,
N.A., as Trustee.	  	1/18/12
				
	24.	  	PPSI 2005-WHQ4	  	Pooling and Servicing Agreement, dated as of August 1, 2005, among PARK PLACE SECURITIES, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Master Servicer, and WELLS FARGO BANK,
N.A., as Trustee.	  	1/18/12
				
	25.	  	SABR 2005-HE1	  	Pooling and Servicing Agreement, dated as of November 1, 2005, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, COUNTRYWIDE
HOME LOANS SERVICING LP, as Servicer, MORTGAGERAMP, INC., as Loan Performance Advisor, NC CAPITAL CORPORATION, as a Responsible Party, WMC MORTGAGE CORPORATION, as a Responsible Party, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as
Trustee.	  	1/18/12
				
	26.	  	SABR 2006-FR1	  	Pooling and Servicing Agreement, dated as of February 1, 2006, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, MORTGAGERAMP,
INC., as Loan Performance Advisor, FREMONT INVESTMENT & LOAN, as Responsible Party, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee.	  	1/18/12
				
	27.	  	SABR 2006-FR2	  	Pooling and Servicing Agreement, dated as of June 1, 2006, among SECURITIZED ASSET BACKED RECEIVABLES LLC, as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, OFFICETIGER GLOBAL
REAL ESTATE SERVICES INC., as Loan Performance Advisor, FREMONT INVESTMENT & LOAN, as Responsible Party, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee.	  	1/18/12

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	28.	  	ABFC 2003-WMC1	  	Pooling and Servicing Agreement, dated as of November 1, 2003, by and between ASSET BACKED FUNDING CORPORATION, HOMEQ SERVICING CORPORATION, and JPMORGAN CHASE BANK	  	1/17/12
				
	29.	  	FFML 2005-FF5	  	Pooling and Servicing Agreement, dated as of April 1, 2005, among ASSET BACKED FUNDING CORPORATION, as Depositor, HOMEQ SERVICING CORPORATION, as Servicer and JPMORGAN CHASE BANK,
N.A., as Trustee.	  	1/17/12
				
	30.	  	ABFC 2005-WMC1	  	Pooling and Servicing Agreement, dated as of September 1, 2005, among ASSET BACKED FUNDING CORPORATION, as Depositor, HOMEQ SERVICING CORPORATION, as Servicer and WELLS FARGO BANK,
N.A., as Trustee.	  	1/18/12
				
	31.	  	ABSHE 2004-HE1	  	Pooling and Servicing Agreement, dated as of January 1, 2004, among ASSET BACKED SECURITIES CORPORATION, as Depositor, DLJ MORTGAGE CAPITAL, INC., as Seller, HOMEQ SERVICING
CORPORATION, as Servicer and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/10/12
				
	32.	  	ABSHE 2004-HE2	  	Pooling and Servicing Agreement, dated as of April 1, 2004, among ASSET BACKED SECURITIES CORPORATION, as Depositor, DLJ MORTGAGE CAPITAL, INC., as Seller, HOMEQ SERVICING
CORPORATION, as Servicer, and WELLS FARGO BANK, N.A., as Trustee.	  	1/19/12
				
	33.	  	ABSHE 2006-HE2	  	Pooling and Servicing Agreement, dated as of March 1, 2004, among ASSET BACKED SECURITIES CORPORATION, as Depositor, DLJ MORTGAGE CAPITAL, INC., as Seller, HOMEQ SERVICING
CORPORATION, as Servicer, MORTGAGERAMP, INC., as Loan Performance Advisor, and U.S. BANK, NATIONAL ASSOCIATION, as Trustee.	  	1/18/12
				
	34.	  	ACE 2004-RM1	  	Pooling and Servicing Agreement, dated as of July 1, 2004, among ACE SECURITIES CORP., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, WELLS FARGO BANK, N.A., as Master
Servicer and Securities Administrator, and HSBC BANK USA, NATIONAL ASSOCIATION, as Trustee.	  	1/18/12

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	35.	  	GSAMP 2004-FM1	  	Pooling and Servicing Agreement, dated as of January 1, 2004, among GS MORTGAGE SECURITIES CORP., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, and WELLS FARGO BANK,
NATIONAL ASSOCIATION, as Trustee.	  	1/18/12
				
	36.	  	GSAMP 2004-FM2	  	Pooling and Servicing Agreement, dated as of March 1, 2004, among GS MORTGAGE SECURITIES CORP., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, and WELLS FARGO BANK,
NATIONAL ASSOCIATION, as Trustee.	  	1/18/12
				
	37.	  	EMLT 2004-1	  	Pooling and Servicing Agreement, dated as of February 15, 2004, among FINANCIAL ASSET SECURITIES CORP., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, and DEUTSCHE BANK
NATIONAL TRUST COMPANY, as Trustee.	  	1/17/12
				
	38.	  	FFML 2004-FFH1	  	Pooling and Servicing Agreement, dated as of March 1, 2004, among FINANCIAL ASSET SECURITIES CORP., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, and WELLS FARGO BANK,
NATIONAL ASSOCIATION, as Trustee.	  	1/17/12
				
	39.	  	SVHE 2004-1	  	Pooling and Servicing Agreement, dated as of August 1, 2004, among FINANCIAL ASSET SECURITIES CORP., as Depositor, HOMEQ SERVICING CORPORATION, as a Servicer, SAXON MORTGAGE
SERVICES, INC., as a Servicer, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/17/12
				
	40.	  	FINA 2004-2	  	Pooling and Servicing Agreement, dated as of August 1, 2004, among FINANCIAL ASSET SECURITIES CORP., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, and DEUTSCHE BANK
NATIONAL TRUST COMPANY, as Trustee.	  	1/17/12
				
	41.	  	SVHE 2005-CTX1	  	Pooling and Servicing Agreement, dated as of November 1, 2005, among FINANCIAL ASSET SECURITIES CORP., as Depositor, CENTEX HOME EQUITY COMPANY, LLC, as a Servicer, HOMEQ SERVICING
CORPORATION, as a Servicer, and JPMORGAN CHASE BANK, N.A., as Trustee.	  	1/17/12
				
	42.	  	SAIL 2004-4	  	Securitization Servicing Agreement, dated as of May 1, 2004, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, AURORA LOAN SERVICES INC., as
Master Servicer, and LASALLE BANK NATIONAL ASSOCIATION, as Trustee.	  	1/10/12

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	43.	  	SAIL 2004-7	  	Securitization Servicing Agreement, dated as of July 1, 2004, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, WELLS FARGO BANK, N.A.,
as Master Servicer, and LASALLE BANK NATIONAL ASSOCIATION, as Trustee.	  	1/18/12
				
	44.	  	FHLT 2004-3	  	Securitization Servicing Agreement, dated as of October 1, 2004, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, WELLS FARGO BANK, N.A., as
Master Servicer, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/18/12
				
	45.	  	SAIL 2005-7	  	Securitization Servicing Agreement, dated as of July 1, 2005, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, AURORA LOAN SERVICES LLC, as
Master Servicer, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/10/12
				
	46.	  	SAIL 2006-3	  	Securitization Servicing Agreement, dated as of June 1, 2006, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, WELLS FARGO BANK, N.A., as
Master Servicer, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/10/12
				
	47.	  	SAIL 2006-4	  	Securitization Servicing Agreement, dated as of June 1, 2006, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, AURORA LOAN SERVICES LLC, as
Master Servicer, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/10/12
				
	48.	  	SASC 2006-BC2	  	Securitization Servicing Agreement, dated as of August 1, 2006, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, WELLS FARGO BANK, N.A., as
Master Servicer, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/10/12
				
	49.	  	SASC 2006-W1A	  	Securitization Servicing Agreement, dated as of August 1, 2006, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, AURORA LOAN SERVICES LLC,
as Master Servicer, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/10/12

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	50.	  	SASC 2006-BC5	  	Securitization Servicing Agreement, dated as of November 1, 2006, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, WELLS FARGO BANK,
N.A., as Master Servicer, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/10/12
				
	51.	  	SASC 2007-BC2	  	Securitization Servicing Agreement, dated as of February 1, 2007, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, AURORA LOAN SERVICES LLC,
as Master Servicer, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/10/12
				
	52.	  	SASC 2007-EQ1	  	Securitization Servicing Agreement, dated as of April 1, 2007, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, AURORA LOAN SERVICES LLC, as
Master Servicer, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/10/12
				
	53.	  	SAIL 2005-HE1	  	Securitization Servicing Agreement, dated as of July 1, 2005, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, AURORA LOAN SERVICES LLC, as
Master Servicer, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/10/12
	54.	  	SAIL 2005-HE2	  	Securitization Servicing Agreement, dated as of July 1, 2005, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, AURORA LOAN SERVICES LLC, as
Master Servicer, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/10/12
				
	55.	  	SAIL 2005-HE3	  	Securitization Servicing Agreement, dated as of July 1, 2005, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, AURORA LOAN SERVICES LLC, as
Master Servicer, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/10/12
				
	56.	  	SAIL 2005-8	  	Securitization Servicing Agreement, dated as of September 1, 2005, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, AURORA LOAN SERVICES
LLC, as Master Servicer, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/10/12

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	57.	  	SASC 2005-AR1	  	Securitization Servicing Agreement, dated as of November 1, 2005, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, AURORA LOAN SERVICES
LLC, as Master Servicer, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/10/12
				
	58.	  	SAIL 2005-11	  	Securitization Servicing Agreement, dated as of December 1, 2005, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, AURORA LOAN SERVICES LLC,
as Master Servicer, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/10/12
				
	59.	  	SAIL 2006-2	  	Securitization Servicing Agreement, dated as March 1, 2006, among LEHMAN BROTHERS HOLDINGS INC., as Seller, HOMEQ SERVICING CORPORATION, as Servicer, AURORA LOAN SERVICES LLC, as
Master Servicer, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/10/12
				
	60.	  	MLMI 2004-WMC1	  	Pooling and Servicing Agreement, dated as of January 1, 2004, among MERRILL LYNCH MORTGAGE INVESTORS, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, and WELLS FARGO
BANK, N.A., as Trustee.	  	1/18/12
				
	61.	  	FFML 2004-FF1	  	Pooling and Servicing Agreement, dated as of February 1, 2004, among MERRILL LYNCH MORTGAGE INVESTORS, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, and WELLS FARGO
BANK, N.A., as Trustee.	  	1/18/12
				
	62.	  	MLMI 2004-WMC2	  	Pooling and Servicing Agreement, dated as of March 1, 2004, among MERRILL LYNCH MORTGAGE INVESTORS, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, and WELLS FARGO
BANK, N.A., as Trustee.	  	1/18/12
				
	63.	  	MLMI 2004-WMC3	  	Pooling and Servicing Agreement, dated as of April 1, 2004, among MERRILL LYNCH MORTGAGE INVESTORS, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, and WELLS FARGO
BANK, N.A., as Trustee.	  	1/18/12
				
	64.	  	MLMI 2004-WMC4	  	Pooling and Servicing Agreement, dated as of June 1, 2004, among MERRILL LYNCH MORTGAGE INVESTORS, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, and WELLS FARGO
BANK, N.A., as Trustee.	  	1/18/12

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	65.	  	MLMI 2004-WMC5	  	Pooling and Servicing Agreement, dated as of October 1, 2004, among MERRILL LYNCH MORTGAGE INVESTORS, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, and WELLS
FARGO BANK, N.A., as Trustee.	  	1/18/12
				
	66.	  	MSAC 2003-NC5	  	Pooling and Servicing Agreement, dated as of May 1, 2003, by and between MORGAN STANLEY ABS CAPITAL I INC., HOMEQ SERVICING CORPORATION, NC CAPITAL CORPORATION, DEUTSCHE BANK
NATIONAL TRUST COMPANY	  	1/17/12
				
	67.	  	MSAC 2003-NC6	  	Pooling and Servicing Agreement, dated as of June 1, 2003, by and between MORGAN STANLEY ABS CAPITAL I INC., HOMEQ SERVICING CORPORATION, NC CAPITAL CORPORATION, DEUTSCHE BANK
NATIONAL TRUST COMPANY	  	1/18/12
				
	68.	  	MSAC 2003-NC7	  	Pooling and Servicing Agreement, dated as of July 1, 2003, as amended, as of as of April 14, 2005, by and between MORGAN STANLEY ABS CAPITAL I INC., HOMEQ SERVICING CORPORATION, NC
CAPITAL CORPORATION, DEUTSCHE BANK NATIONAL TRUST COMPANY	  	1/18/12
				
	69.	  	MSAC 2003-NC9	  	Pooling and Servicing Agreement, dated as of August 1, 2003, by and between MORGAN STANLEY ABS CAPITAL I INC., HOMEQ SERVICING CORPORATION, NC CAPITAL CORPORATION, DEUTSCHE BANK
NATIONAL TRUST COMPANY, ACE GUARANTY CORP.	  	1/18/12
				
	70.	  	MSAC 2004-NC1	  	Pooling and Servicing Agreement, dated as of January 1, 2004, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, NC CAPITAL
CORPORATION, as Responsible Party, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	71.	  	MSAC 2004-HE2	  	Pooling and Servicing Agreement, dated as of April 1, 2004, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, CHASE MANHATTAN MORTGAGE CORPORATION, as a Servicer,
COUNTRYWIDE HOME LOANS SERVICING LP, as a Servicer, HOMEQ SERVICING CORPORATION, as a Servicer, AAMES CAPITAL CORPORATION, ACCREDITED HOME LENDERS, INC., NC CAPITAL CORPORATION, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	72.	  	MSAC 2004-NC4	  	Pooling and Servicing Agreement, dated as of May 1, 2004, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, NC CAPITAL
CORPORATION, as Responsible Party and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	73.	  	MSAC 2004-HE3	  	Pooling and Servicing Agreement, dated as of May 1, 2004, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, CHASE MANHATTAN MORTGAGE CORPORATION, as a Servicer,
HOMEQ SERVICING CORPORATION, as a Servicer, AAMES CAPITAL CORPORATION, ACCREDITED HOME LENDERS, INC., NC CAPITAL CORPORATION, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	74.	  	MSAC 2004-HE4	  	Pooling and Servicing Agreement, dated as of June 1, 2004, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, CHASE MANHATTAN MORTGAGE CORPORATION, as a Servicer,
COUNTRYWIDE HOME LOANS SERVICING LP, as a Servicer, HOMEQ SERVICING CORPORATION, as a Servicer, AAMES CAPITAL CORPORATION, ACCREDITED HOME LENDERS, INC., NC CAPITAL CORPORATION, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	75.	  	MSAC 2004-HE5	  	Pooling and Servicing Agreement, dated as of July 1, 2004, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, CHASE MANHATTAN MORTGAGE CORPORATION, as a Servicer,
COUNTRYWIDE HOME LOANS SERVICING LP, as a Servicer, HOMEQ SERVICING CORPORATION, as a Servicer, ACCREDITED HOME LENDERS, INC., NC CAPITAL CORPORATION, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	76.	  	MSAC 2004-NC6	  	Pooling and Servicing Agreement, dated as of July 1, 2004, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, CHASE MANHATTAN MORTGAGE CORPORATION, as a Servicer,
HOMEQ SERVICING CORPORATION, as a Servicer, NEW CENTURY MORTGAGE CORPORATION, as a Servicer, NC CAPITAL CORPORATION, as Responsible Party and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	77.	  	MSAC 2004-WMC1	  	Pooling and Servicing Agreement, dated as of July 1, 2004, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, WMC MORTGAGE CORP.,
as Responsible Party, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	78.	  	MSAC 2004-HE6	  	Pooling and Servicing Agreement, dated as of August 1, 2004, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, CHASE MANHATTAN MORTGAGE CORPORATION, as a Servicer,
COUNTRYWIDE HOME LOANS SERVICING LP, as a Servicer, HOMEQ SERVICING CORPORATION, as a Servicer, ACCREDITED HOME LENDERS, INC., NC CAPITAL CORPORATION, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	79.	  	MSAC 2004-NC7	  	Pooling and Servicing Agreement, dated as of August 1, 2004, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, CHASE MANHATTAN MORTGAGE CORPORATION, as a Servicer, HOMEQ
SERVICING CORPORATION, as a Servicer, NEW CENTURY MORTGAGE CORPORATION, as a Servicer, NC CAPITAL CORPORATION, as Responsible Party, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	80.	  	MSAC 2004-HE7	  	Pooling and Servicing Agreement, dated as of August 1, 2004, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, CHASE MANHATTAN MORTGAGE CORPORATION, as a Servicer,
COUNTRYWIDE HOME LOANS SERVICING LP, as a Servicer, NEW CENTURY MORTGAGE CORPORATION, as a Servicer, HOMEQ SERVICING CORPORATION, as a Servicer, AAMES CAPITAL CORPORATION, MILA, INC., NC CAPITAL CORPORATION, and DEUTSCHE BANK NATIONAL TRUST COMPANY,
as Trustee.	  	1/18/12
				
	81.	  	MSAC 2004-WMC2	  	Pooling and Servicing Agreement, dated as of August 1, 2004, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, WMC MORTGAGE CORP., as
Responsible Party, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12

  

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	82.	  	MSHEL 2005-1	  	Pooling and Servicing Agreement, dated as of January 1, 2005, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, CHASE HOME FINANCE LLC, as a Servicer, HOMEQ SERVICING
CORPORATION, as a Servicer, FIRST NLC FINANCIAL SERVICES, LLC, MILA, INC., and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	83.	  	MSAC 2005-HE1	  	Pooling and Servicing Agreement, dated as of January 1, 2005, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, COUNTRYWIDE HOME LOANS SERVICING LP, as a Servicer, OPTION ONE
MORTGAGE CORPORATION, as a Servicer, HOMEQ SERVICING CORPORATION, as a Servicer, NC CAPITAL CORPORATION, ACCREDITED HOME LENDERS, INC., DECISION ONE MORTGAGE COMPANY LLC, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Custodian, and DEUTSCHE BANK
NATIONAL TRUST COMPANY, as Trustee.	  	 1/18/12

				
	84.	  	MSAC 2005-NC1	  	Pooling and Servicing Agreement, dated as of February 1, 2005, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, HOMEQ SERVICING CORPORATION, as a Servicer, CHASE HOME FINANCE
LLC, as a Servicer, NEW CENTURY MORTGAGE CORPORATION, as a Servicer, NC CAPITAL CORPORATION, as Responsible Party, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	85.	  	MSAC 2005-HE2	  	Pooling and Servicing Agreement, dated as of March 1, 2005, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, COUNTRYWIDE HOME LOANS SERVICING LP, as a Servicer, OPTION ONE
MORTGAGE CORPORATION, as a Servicer, HOMEQ SERVICING CORPORATION, as a Servicer, NC CAPITAL CORPORATION, ACCREDITED HOME LENDERS, INC., DECISION ONE MORTGAGE COMPANY LLC, AAMES CAPITAL CORPORATION, WELLS FARGO BANK, NATIONAL ASSOCIATION, as
Custodian, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12

  

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	 Monthly
Reporting
Date

	86.	  	MSHEL 2005-2	  	Pooling and Servicing Agreement, dated as of May 1, 2005, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as a Servicer,
COUNTRYWIDE HOME LOANS SERVICING LP, as a Servicer, HOMEQ SERVICING CORPORATION, as a Servicer, ACCREDITED HOME LENDERS, INC., as a Responsible Party, FIRST NLC FINANCIAL SERVICES, LLC, as a Responsible Party, MILA, INC., as a Responsible Party, and
DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	87.	  	MSAC 2005-HE3	  	Pooling and Servicing Agreement, dated as of July 1, 2005, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Master Servicer and
Securities Administrator, COUNTRYWIDE HOME LOANS SERVICING LP, as a Servicer, HOMEQ SERVICING CORPORATION, as a Servicer, WMC MORTGAGE CORP., NC CAPITAL CORPORATION, ACCREDITED HOME LENDERS, INC., DECISION ONE MORTGAGE COMPANY LLC, LASALLE BANK
NATIONAL ASSOCIATION, as Custodian, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	88.	  	MSAC 2005-HE4	  	Pooling and Servicing Agreement, dated as of August 1, 2005, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, COUNTRYWIDE HOME LOANS SERVICING LP, as a Servicer, HOMEQ
SERVICING CORPORATION, as a Servicer, WMC MORTGAGE CORP., ACCREDITED HOME LENDERS, INC., DECISION ONE MORTGAGE COMPANY LLC, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee and as a Custodian, LASALLE BANK NATIONAL ASSOCIATION, as a Custodian, and
DEUTSCHE BANK NATIONAL TRUST COMPANY, as a Custodian.	  	1/18/12
				
	89.	  	MSHEL 2005-3	  	Pooling and Servicing Agreement, dated as of August 1, 2005, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as a Servicer, HOMEQ
SERVICING CORPORATION, as a Servicer, MILA, INC., as Responsible Party, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12

  

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	 Monthly
Reporting
Date

	90.	  	MSAC 2005-HE5	  	Pooling and Servicing Agreement, dated as of October 1, 2005, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, COUNTRYWIDE HOME LOANS SERVICING LP, as a Servicer,
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as a Servicer, HOMEQ SERVICING CORPORATION, as a Servicer, WMC MORTGAGE CORP., NC CAPITAL CORPORATION, DECISION ONE MORTGAGE COMPANY LLC, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee and as a
Custodian, LASALLE BANK NATIONAL ASSOCIATION, as a Custodian and DEUTSCHE BANK NATIONAL TRUST COMPANY, as a Custodian.	  	1/18/12
				
	91.	  	MSHEL 2005-4	  	Pooling and Servicing Agreement, dated as of November 1, 2005, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as a Servicer, HOMEQ
SERVICING CORPORATION, as a Servicer, FIRST NLC FINANCIAL SERVICES, LLC, as Responsible Party, DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee, and LASALLE BANK NATIONAL ASSOCIATION, as Custodian.	  	1/18/12
				
	92.	  	MSAC 2005-HE6	  	Pooling and Servicing Agreement, dated as of November 1, 2005, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, COUNTRYWIDE HOME LOANS SERVICING LP, as a Servicer, JPMORGAN
CHASE BANK, NATIONAL ASSOCIATION, as a Servicer, HOMEQ SERVICING CORPORATION, as a Servicer, WMC MORTGAGE CORP., NC CAPITAL CORPORATION, DECISION ONE MORTGAGE COMPANY LLC, WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Custodian, LASALLE BANK
NATIONAL ASSOCIATION, as a Custodian, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12

  

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	 Monthly
Reporting
Date

	93.	  	MSAC 2005-HE7	  	Pooling and Servicing Agreement, dated as of December 1, 2005, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, COUNTRYWIDE HOME LOANS SERVICING LP, as a Servicer,
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as a Servicer, HOMEQ SERVICING CORPORATION, as a Servicer, WMC MORTGAGE CORP., NC CAPITAL CORPORATION, DECISION ONE MORTGAGE COMPANY LLC, WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Custodian, LASALLE
BANK NATIONAL ASSOCIATION, as a Custodian and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	94.	  	MSHEL 2006-1	  	Pooling and Servicing Agreement, dated as of January 1, 2006, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, DECISION ONE MORTGAGE
COMPANY, LLC, FIRST NLC FINANCIAL SERVICES, LLC, DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee, and LASALLE BANK NATIONAL ASSOCIATION, as Custodian.	  	1/18/12
				
	95.	  	MSAC 2006-NC1	  	Pooling and Servicing Agreement, dated as of January 1, 2006, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as a Servicer, HOMEQ
SERVICING CORPORATION, as a Servicer, NC CAPITAL CORPORATION, as Responsible Party, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	96.	  	MSHEL 2006-2	  	Pooling and Servicing Agreement, dated as of March 1, 2006, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, FIRST NLC
FINANCIAL SERVICES, LLC, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	97.	  	MSAC 2006-NC3	  	Pooling and Servicing Agreement, dated as of April 1, 2006, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, WELLS FARGO BANK, N.A., as a Servicer, HOMEQ SERVICING
CORPORATION, as a Servicer, NC CAPITAL CORPORATION, as Responsible Party, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12

  

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	 Monthly
Reporting
Date

	98.	  	MSAC 2006-HE2	  	Pooling and Servicing Agreement, dated as of April 1, 2006, among MORGAN STANLEY CAPITAL I INC., as Depositor, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Securities
Administrator, as a Servicer and as a Custodian, JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as a Servicer, HOMEQ SERVICING CORPORATION, as a Servicer, WMC MORTGAGE CORP., as a Responsible Party, DECISION ONE MORTGAGE COMPANY, LLC, as a Responsible
Party, DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee, and LASALLE BANK NATIONAL ASSOCIATION, as a Custodian.	  	1/18/12
				
	99.	  	MSAC 2006-HE3	  	Pooling and Servicing Agreement, dated as of May 1, 2006, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Servicer and as a
Custodian, HOMEQ SERVICING CORPORATION, as a Servicer, NC CAPITAL CORPORATION, as a Responsible Party, WMC MORTGAGE CORP., as a Responsible Party, DECISION ONE MORTGAGE COMPANY, LLC, as a Responsible Party, DEUTSCHE BANK NATIONAL TRUST COMPANY, as
Trustee, and LASALLE BANK NATIONAL ASSOCIATION, as a Custodian.	  	1/18/12
				
	100.	  	MSHEL 2006-3	  	Pooling and Servicing Agreement, dated as of May 1, 2006, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, HOMEQ SERVICING CORPORATION, as a Servicer, WELLS FARGO BANK,
NATIONAL ASSOCIATION, as a Servicer, JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as a Servicer, FIRST NLC FINANCIAL SERVICES, LLC, and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12

  

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	101.	  	MSAC 2006-HE5	  	Pooling and Servicing Agreement, dated as of June 1, 2006, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, COUNTRYWIDE HOME LOANS SERVICING LP, as a Servicer, WELLS
FARGO BANK, NATIONAL ASSOCIATION, as a Servicer and as a Custodian, HOMEQ SERVICING CORPORATION, as a Servicer, NEW CENTURY MORTGAGE CORPORATION, as a Servicer, NC CAPITAL CORPORATION, as a Responsible Party, WMC MORTGAGE CORP., as a Responsible
Party, DECISION ONE MORTGAGE COMPANY, LLC, as a Responsible Party, DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee, and LASALLE BANK NATIONAL ASSOCIATION, as a Custodian.	  	1/18/12
				
	102.	  	MSIX 2006-1	  	Pooling and Servicing Agreement, dated as of June 1, 2006, among MORGAN STANLEY ABS CAPITAL I INC., as Depositor, WELLS FARGO BANK, NATIONAL ASSOCIATION, as Master Servicer, as
Securities Administrator and as a Servicer, SAXON MORTGAGE SERVICES, INC., as a Servicer, JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as a Servicer, HOMEQ SERVICING CORPORATION, as a Servicer, FIRST NLC FINANCIAL SERVICES, LLC, as a Responsible
Party, DECISION ONE MORTGAGE COMPANY, LLC, as a Responsible Party, WMC MORTGAGE CORP., as a Responsible Party, IXIS REAL ESTATE CAPITAL INC., and DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee.	  	1/18/12
				
	103.	  	PCHLT 2004-1	  	Pooling and Servicing Agreement, dated as of April 1, 2004, among PEOPLE’S CHOICE HOME LOAN SECURITIES CORP., HOMEQ SERVICING CORPORATION, as Servicer, WELLS FARGO BANK, N.A.,
as Master Servicer and Securities Administrator, and HSBC BANK USA, NATIONAL ASSOCIATION, as Trustee.	  	1/18/12
				
	104.	  	MABS 2004-WMC2	  	Pooling and Servicing Agreement, dated as of July 1, 2004, among MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, and U.S.
BANK NATIONAL ASSOCIATION, as Trustee.	  	1/18/12

  

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	105.	  	MABS 2004-FRE1	  	Pooling and Servicing Agreement dated as of July 1, 2004, among MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., HOMEQ SERVICING CORPORATION AND U.S. BANK NATIONAL
ASSOCIATION	  	1/18/12
				
	106.	  	MABS 2004-WMC3	  	Pooling and Servicing Agreement, dated as of December 1, 2004, among MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, and
U.S. BANK NATIONAL ASSOCIATION as Trustee.	  	1/18/12
				
	107.	  	MABS 2005-FRE1	  	Pooling and Servicing Agreement, dated as of November 1, 2005, among MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, and
U.S. BANK NATIONAL ASSOCIATION as Trustee.	  	1/18/12
				
	108.	  	MABS 2006-WMC1	  	Pooling and Servicing Agreement, dated as of March 1, 2006, among MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, WELLS
FARGO BANK, N.A., as Master Servicer, Trust Administrator and Custodian, and U.S. BANK NATIONAL ASSOCIATION as Trustee.	  	1/17/12
				
	109.	  	MABS 2006-HE3	  	Pooling and Servicing Agreement, dated as of August 1, 2006, among MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, WELLS
FARGO BANK, N.A., as Master Servicer, Trust Administrator and Custodian, and U.S. BANK NATIONAL ASSOCIATION as Trustee.	  	1/17/12
				
	110.	  	MABS 2006-NC2	  	Pooling and Servicing Agreement, dated as of September 1, 2006, among MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., as Depositor, HOMEQ SERVICING CORPORATION, as Servicer, WELLS
FARGO BANK, N.A., as Master Servicer and Trust Administrator, and U.S. BANK NATIONAL ASSOCIATION as Trustee.	  	1/17/12

  

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	111.	  	MABS 2006-HE4	  	Pooling and Servicing Agreement, dated as of November 1, 2006, among MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., as Depositor, BARCLAYS CAPITAL REAL ESTATE INC. D/B/A
HOMEQ SERVICING, as Servicer, WELLS FARGO BANK, N.A., as Servicer, Master Servicer, Trust Administrator and Custodian, and U.S. BANK NATIONAL ASSOCIATION as Trustee.	  	1/17/12
				
	112.	  	MABS 2006-NC3	  	Pooling and Servicing Agreement, dated as of December 1, 2006, among MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., as Depositor, BARCLAYS CAPITAL REAL ESTATE INC. D/B/A HOMEQ
SERVICING, as Servicer, WELLS FARGO BANK, N.A., as Master Servicer and Trust Administrator, and U.S. BANK NATIONAL ASSOCIATION as Trustee.	  	1/17/12
				
	113.	  	MABS 2006-HE5	  	Pooling and Servicing Agreement, dated as of December 1, 2006, among MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., as Depositor, BARCLAYS CAPITAL REAL ESTATE INC. D/B/A HOMEQ
SERVICING, as Servicer, WELLS FARGO BANK, N.A., as Master Servicer, Trust Administrator and Custodian, and U.S. BANK NATIONAL ASSOCIATION as Trustee.	  	1/17/12
				
	114.	  	MABS 2007-HE1	  	Pooling and Servicing Agreement, dated as of May 1, 2007, among MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., as Depositor, BARCLAYS CAPITAL REAL ESTATE INC. D/B/A HOMEQ
SERVICING, as Servicer, WELLS FARGO BANK, N.A., as Servicer, Master Servicer, Trust Administrator and Custodian, and U.S. BANK NATIONAL ASSOCIATION as Trustee.	  	1/17/12
				
	115.	  	MABS 2007-HE2	  	Pooling and Servicing Agreement, dated as of August 1, 2007, among MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., as Depositor, OPTION ONE MORTGAGE CORPORATION, as a Servicer,
BARCLAYS CAPITAL REAL ESTATE INC. D/B/A HOMEQ SERVICING, as a Servicer, WELLS FARGO BANK, N.A., as Master Servicer, Trust Administrator and Custodian, and U.S. BANK NATIONAL ASSOCIATION as Trustee.	  	1/17/12

  

							
	 	  	 Short Form

Deal Name
	  	 Servicing Agreement
	  	Monthly
Reporting
Date
	116.	  	WMLT 2005-WMC1	  	Pooling and Servicing Agreement, dated as of September 1, 2005, among WACHOVIA MORTGAGE LOAN TRUST, LLC, as Depositor, WACHOVIA BANK, NATIONAL ASSOCIATION, as Certificate
Administrator and Custodian, HOMEQ SERVICING CORPORATION, as Servicer, and U.S. BANK NATIONAL ASSOCIATION, as Trustee.	  	1/18/12

 SCHEDULE II 
 Underlying Documents 
 None 

 SCHEDULE III 
 RETAINED SERVICING FEE PERCENTAGE 
  

					
	 From
Month1
	  	To Month	  	Retained Fee
	1	  	3	  	32.5 bps
	4	  	6	  	31.0 bps
	7	  	12	  	29.5 bps
	13	  	18	  	27.5 bps
	19	  	24	  	27.5 bps
	25	  	30	  	27.5 bps
	31	  	36	  	27.5 bps
	37	  	42	  	27.5 bps
	43	  	48	  	27.5 bps
	49	  	54	  	27.5 bps
	55	  	60	  	27.5 bps
	61	  	66	  	27.5 bps
	67	  	72	  	27.5 bps

  

	1 	 	 Starting with March, 2012 (provided that the percentage for the first month will also apply to any partial period in February, 2012).

 SCHEDULE IV 

TARGET RATIO SCHEDULE 
  

			
	Month2	  	Target Advance Ratio
	 1
	  	2.74%
	 2
	  	2.67%
	 3
	  	2.61%
	 4
	  	2.54%
	 5
	  	2.48%
	 6
	  	2.42%
	 7
	  	2.36%
	 8
	  	2.30%
	 9
	  	2.24%
	 10
	  	2.18%
	 11
	  	2.13%
	 12
	  	2.08%
	 13
	  	2.02%
	 14
	  	2.00%
	 15
	  	2.00%
	 16
	  	2.00%
	 17
	  	2.00%
	 18
	  	2.00%
	 19
	  	2.00%
	 20
	  	2.00%
	 21
	  	2.00%
	 22
	  	2.00%
	 23
	  	2.00%
	 24
	  	2.00%
	 25
	  	2.00%
	 26
	  	2.00%
	 27
	  	2.00%
	 28
	  	2.00%
	 29
	  	2.00%
	 30
	  	2.00%
	 31
	  	2.00%
	 32
	  	2.00%
	 33
	  	2.00%
	 34
	  	2.00%
	 35
	  	2.00%
	 36
	  	2.00%
	 37
	  	2.00%

  

	2 	 	 Starting with March, 2012 (provided that the percentage for the first month will also apply to any partial period in February, 2012).

  

			
	Month2	  	Target Advance Ratio
	 38
	  	2.00%
	 39
	  	2.00%
	 40
	  	2.00%
	 41
	  	2.00%
	 42
	  	2.00%
	 43
	  	2.00%
	 44
	  	2.00%
	 45
	  	2.00%
	 46
	  	2.00%
	 47
	  	2.00%
	 48
	  	2.00%
	 49
	  	2.00%
	 50
	  	2.00%
	 51
	  	2.00%
	 52
	  	2.00%
	 53
	  	2.00%
	 54
	  	2.00%
	 55
	  	2.00%
	 56
	  	2.00%
	 57
	  	2.00%
	 58
	  	2.00%
	 59
	  	2.00%
	 60
	  	2.00%
	 61
	  	2.00%
	 62
	  	2.00%
	 63
	  	2.00%
	 64
	  	2.00%
	 65
	  	2.00%
	 66
	  	2.00%
	 67
	  	2.00%
	 68
	  	2.00%
	 69
	  	2.00%
	 70
	  	2.00%
	 71
	  	2.00%
	 72
	  	2.00%

 SCHEDULE V 
 VALUATION PERCENTAGE 
  

			
	Investor Number	  	Purchase Price (bps)
	2883	  	30.46
	2886	  	55.67
	2872	  	37.30
	2894	  	12.32
	2901	  	61.14
	2803	  	31.91
	2829	  	60.49
	2794	  	65.79
	2770	  	73.88
	2814	  	22.92
	2819	  	48.75
	2840	  	57.27
	2845	  	38.64
	2846	  	35.25
	2851	  	28.44
	2870	  	29.15
	2903	  	24.40
	2865	  	38.14
	2786	  	56.73
	2828	  	61.11
	2833	  	36.85
	2773	  	45.42
	2775	  	45.62
	2822	  	51.00
	2778	  	59.80
	2859	  	50.57
	2911	  	50.68
	2847	  	28.30
	2867	  	38.44
	2876	  	34.61
	2855	  	49.46
	2857	  	42.85
	2879	  	31.23
	2880	  	31.30
	2873	  	30.45

  

			
	Investor Number	  	Purchase Price (bps)
	2897	  	39.48
	2802	  	25.80
	2785	  	56.62
	2792	  	32.06
	2825	  	52.89
	2827	  	34.42
	2831	  	40.60
	2810	  	65.80
	2813	  	68.12
	2835	  	33.86
	2817	  	37.77
	2818	  	39.21
	2842	  	35.25
	2908	  	22.24
	2868	  	27.31
	2850	  	44.52
	2877	  	32.60
	2888	  	46.97
	2890	  	43.55
	2895	  	27.28
	2899	  	26.39
	2864	  	50.83
	2790	  	68.95
	2824	  	65.35
	2826	  	48.08
	2816	  	13.23
	2777	  	61.16
	2869	  	29.20
	2884	  	37.67
	2858	  	47.93
	2891	  	49.80
	2902	  	43.00
	2907	  	82.08
	2801	  	30.43
	2805	  	49.23
	2800	  	30.49
	2820	  	38.63
	2823	  	30.45
	2841	  	49.08
	2843	  	47.83

			
	Investor Number	  	Purchase Price (bps)
	2875	  	31.19
	2866	  	32.25
	2848	  	43.17
	2860	  	47.92
	2861	  	55.39
	2893	  	61.14
	2863	  	52.40
	2783	  	49.15
	2797	  	53.92
	2798	  	52.60
	2832	  	63.40
	2799	  	28.99
	2772	  	50.29
	2837	  	49.65
	2885	  	74.11
	2871	  	34.93
	2782	  	29.89
	2788	  	62.31
	2789	  	72.58
	2830	  	25.26
	2796	  	47.16
	2809	  	68.35
	2812	  	53.79
	2834	  	35.86
	2836	  	34.82
	2815	  	16.83
	2839	  	14.43
	2849	  	39.67
	2887	  	46.63
	2862	  	49.03
	2892	  	48.48
	2881	  	31.13
	2905	  	5.28
	2787	  	17.95
	2804	  	48.45
	2811	  	55.76
	2774	  	37.24
	2776	  	42.48
	2821	  	48.12

 SCHEDULE VI 
 AMORTIZATION PERCENTAGE 
  

			
	Month3	  	Amortization Percentage
	1	  	100.0%
	2	  	98.5%
	3	  	97.0%
	4	  	95.6%
	5	  	94.2%
	6	  	92.8%
	7	  	91.4%
	8	  	90.0%
	9	  	88.7%
	10	  	87.4%
	11	  	86.0%
	12	  	84.8%
	13	  	83.5%
	14	  	82.3%
	15	  	81.0%
	16	  	79.8%
	17	  	78.6%
	18	  	77.5%
	19	  	76.3%
	20	  	75.2%
	21	  	74.0%
	22	  	72.9%
	23	  	71.8%
	24	  	70.7%
	25	  	69.5%
	26	  	68.4%
	27	  	67.3%
	28	  	66.1%
	29	  	65.1%
	30	  	64.0%
	31	  	62.9%
	32	  	61.9%
	33	  	60.9%
	34	  	59.9%
	35	  	58.9%
	36	  	58.0%
	37	  	57.0%
	38	  	56.1%

  

	3 	 	 Starting with March, 2012 (provided that the percentage for the first month will also apply to any partial period in February, 2012).

  

			
	Month3	  	Amortization Percentage
	39	  	55.1%
	40	  	54.2%
	41	  	53.4%
	42	  	52.5%
	43	  	51.6%
	44	  	50.8%
	45	  	49.9%
	46	  	49.1%
	47	  	48.3%
	48	  	47.5%
	49	  	46.7%
	50	  	46.0%
	51	  	45.2%
	52	  	44.5%
	53	  	43.7%
	54	  	43.0%
	55	  	42.3%
	56	  	41.6%
	57	  	40.9%
	58	  	40.3%
	59	  	39.6%
	60	  	39.0%
	61	  	38.3%
	62	  	37.7%
	63	  	37.1%
	64	  	36.5%
	65	  	35.9%
	66	  	35.3%
	67	  	34.7%
	68	  	34.1%
	69	  	33.6%
	70	  	33.0%
	71	  	32.5%
	72	  	32.0%Master Subservicing Agreement

 Exhibit 10.3 

 
  

 
  
 MASTER SUBSERVICING AGREEMENT, 
 dated as of February 10, 2012 

between 
 HLSS
HOLDINGS, LLC, as Servicer 
 and 
 OCWEN LOAN SERVICING, LLC, as Subservicer 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE 1 DEFINITIONS
	  	 	1	  
		
	 1.1 Definitions
	  	 	1	  
		
	 ARTICLE 2 SUBSERVICING
	  	 	8	  
		
	 2.1 Subservicing Supplements
	  	 	8	  
		
	 2.2 Servicing Transfer Procedures
	  	 	8	  
		
	 2.3 Subservicing
	  	 	8	  
		
	 2.4 Servicer Retained Obligations
	  	 	9	  
		
	 2.5 Collections from Obligors and Remittances
	  	 	10	  
		
	 2.6 Power of Attorney
	  	 	10	  
		
	 2.7 Servicing Practices
	  	 	10	  
		
	 ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF OCWEN
	  	 	11	  
		
	 3.1 Due Organization
	  	 	11	  
		
	 3.2 Due Authorization; Binding Effect
	  	 	11	  
		
	 3.3 No Conflicts
	  	 	11	  
		
	 3.4 Consents
	  	 	11	  
		
	 3.5 Litigation
	  	 	11	  
		
	 3.6 Licenses
	  	 	12	  
		
	 3.7 Capacity
	  	 	12	  
		
	 3.8 Approved Servicer
	  	 	12	  
		
	 3.9 Servicer Ratings
	  	 	12	  
		
	 3.10 Eligible Subservicer
	  	 	12	  
		
	 3.11 HAMP
	  	 	12	  
		
	 ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF SERVICER
	  	 	12	  
		
	 4.1 Due Organization
	  	 	12	  
		
	 4.2 Due Authorization; Binding Effect
	  	 	12	  
		
	 4.3 No Conflicts
	  	 	13	  
		
	 4.4 Consents
	  	 	13	  
		
	 4.5 Litigation
	  	 	13	  
		
	 4.6 Licenses
	  	 	13	  
		
	 4.7 Ability to Perform
	  	 	14	  

  
 -i-

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
	 ARTICLE 5 COVENANTS
	  	 	14	  
		
	 5.1 Compliance with Applicable Laws; Licenses
	  	 	14	  
		
	 5.2 Merger, Consolidation, Etc.
	  	 	14	  
		
	 5.3 Fannie Mae/Freddie Mac
	  	 	14	  
		
	 5.4 MERS
	  	 	14	  
		
	 5.5 Insurance
	  	 	14	  
		
	 5.6 Delegation
	  	 	15	  
		
	 5.7 Access to Mortgage Servicing System
	  	 	16	  
		
	 5.8 Servicing Reports
	  	 	16	  
		
	 5.9 Escrow Account
	  	 	16	  
		
	 5.10 Notices and Financial Information
	  	 	17	  
		
	 5.11 Servicing Advances
	  	 	18	  
		
	 5.12 Defaults under Subject Servicing Agreements
	  	 	18	  
		
	 5.13 Annual Officer’s Certificate
	  	 	18	  
		
	 5.14 Regulation AB Reporting
	  	 	18	  
		
	 5.15 Reporting
	  	 	19	  
		
	 5.16 Maintenance of Servicing Files
	  	 	19	  
		
	 5.17 Relationship Management and Staffing
	  	 	19	  
		
	 5.18 Audits and Inspections
	  	 	20	  
		
	 5.19 Continuity of Business
	  	 	21	  
		
	 5.20 No Solicitation
	  	 	21	  
		
	 5.21 Optional Termination or Clean Up Calls
	  	 	21	  
		
	 5.22 Access to Account Management Systems
	  	 	22	  
		
	 ARTICLE 6 EXPENSES AND COMPENSATION
	  	 	22	  
		
	 6.1 Costs and Expenses
	  	 	22	  
		
	 6.2 Subservicing Fees
	  	 	22	  
		
	 6.3 Ancillary Income and Prepayment Interest Excess
	  	 	22	  
		
	 6.4 Calculation and Payment
	  	 	22	  
		
	 6.5 No Offset
	  	 	23	  
		
	 ARTICLE 7 CONFIDENTIALITY
	  	 	23	  
		
	 7.1 Confidentiality and Nonpublic Personal Information
	  	 	23	  

  
 -ii-

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
	 ARTICLE 8 LIABILITY AND INDEMNIFICATION
	  	 	25	  
		
	 8.1 Limitation of Liability
	  	 	25	  
		
	 8.2 Servicer Liability
	  	 	25	  
		
	 8.3 Indemnification
	  	 	25	  
		
	 8.4 Specific Performance
	  	 	27	  
		
	 ARTICLE 9 TERMINATION AND RESIGNATION
	  	 	28	  
		
	 9.1 Automatic Termination
	  	 	28	  
		
	 9.2 Termination by Servicer
	  	 	28	  
		
	 9.3 Limitation on Resignation of Ocwen
	  	 	28	  
		
	 9.4 Transfer upon Termination
	  	 	28	  
		
	 9.5 Survival
	  	 	29	  
		
	 ARTICLE 10 MISCELLANEOUS
	  	 	29	  
		
	 10.1 Notices
	  	 	29	  
		
	 10.2 Interpretation
	  	 	30	  
		
	 10.3 Exhibits and Schedules
	  	 	30	  
		
	 10.4 Entire Agreement
	  	 	30	  
		
	 10.5 Amendment; Waiver
	  	 	30	  
		
	 10.6 Governing Law
	  	 	31	  
		
	 10.7 Submission to Jurisdiction
	  	 	31	  
		
	 10.8 Waiver of Jury Trial
	  	 	31	  
		
	 10.9 No Strict Construction
	  	 	31	  
		
	 10.10 Severability
	  	 	31	  
		
	 10.11 Assignment; No Third-Party Beneficiaries
	  	 	32	  
		
	 10.12 Relationship of Parties
	  	 	32	  
		
	 10.13 Reproduction of Documents
	  	 	32	  
		
	 10.14 Further Agreements
	  	 	32	  
		
	 10.15 Counterparts
	  	 	32	  

  
 -iii-

 EXHIBITS 
  

			
		
	Exhibit A	  	Compliance with Gramm-Leach-Bliley and Privacy Laws

 MASTER SUBSERVICING AGREEMENT 

This MASTER SUBSERVICING AGREEMENT, dated as of February 10, 2012, is by and between HLSS HOLDINGS, LLC, a Delaware limited
liability company (“Servicer”), and OCWEN LOAN SERVICING, LLC, a Delaware limited liability company (“Ocwen”). 
 RECITALS: 
 WHEREAS, Servicer may from time to time be obligated to service
certain residential mortgage loans subject to the terms of one or more pooling and servicing agreements or other servicing agreements; and 
 WHEREAS, Servicer desires Ocwen from time to time to act as subservicer with respect to some or all of such pooling and servicing agreements or other servicing agreements and Ocwen desires to act as
subservicer with respect to some or all of such pooling and servicing agreements or other servicing agreements, upon the terms and conditions set forth in this Agreement and in the related Subservicing Supplement. 

NOW, THEREFORE, in consideration of the premises and mutual agreements hereinafter set forth and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, Servicer and Ocwen agree as follows: 
 ARTICLE 1 
 DEFINITIONS 

1.1 Definitions. For purposes of this Agreement, the following capitalized terms shall have the respective meanings set forth or
referenced below: 
 “Affiliate” means, with respect to any specified Person, any other Person controlling or
controlled by or under common control with such specified Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling, “controlled by” and “under common
control with”), as applied to any Person, means ownership of 25% or more of the outstanding voting securities of such Person. 
 “Agreement” means this Master Subservicing Agreement, including all exhibits, schedules and other attachments hereto, as the same may be amended, modified or supplemented from time to
time in accordance with its terms. 
 “Ancillary Income” means, with respect to any Subject Servicing
Agreement, any and all income, revenue, fees, expenses, charges or other monies that Servicer is entitled to receive, collect or retain as servicer pursuant to such Subject Servicing Agreement (other than Servicing Fees, Prepayment Interest Excess
and earnings received on amounts on deposit in any Custodial Account or Escrow Account), including fees payable to servicer under HAMP or other governmental programs, late fees, fees and charges for dishonored checks (insufficient funds fees),
pay-off fees, assumption fees, commissions and administrative fees on insurance and similar fees and charges collected from or assessed against the related Mortgagors, to the extent payable to Servicer under the terms of the related Mortgage Loan
Documents and such Subject Servicing Agreement. 

  
 1 

 “Applicable Law” means (i) all applicable laws, statutes, regulations
or ordinances in force and as amended from time to time; (ii) the common law as applicable from time to time; (iii) all applicable binding court orders, judgments or decrees; and (iv) all applicable directives, policies, rules or
orders; each of (i) through (iv) of any Governmental Authority. 
 “Base Subservicing Fee” has the
meaning, with respect to each Subject Servicing Agreement, set forth in the related Subservicing Supplement. 
 “Book
Value” means, with respect to Servicer’s mortgage servicing rights related to any Subject Servicing Agreement, as of a specified date, an amount equal to the amortized book value of such mortgage servicing rights on Servicer’s
financial statements as of such date. 
 “Business Day” means any day other than (i) a Saturday or Sunday,
or (ii) a day on which banking and savings and loan institutions in the State of Florida, the State of Illinois, the State of Georgia or the State of New York are closed. 
 “Clearing Account” means one or more of those certain accounts established by Ocwen for the receipt of collections from mortgagors which are held in trust and off balance sheet.

 “Confidential Information” has the meaning specified in Section 7.1(a). 

“Corporate Advance” means any “Corporate Advance” or “Servicing Advance” (as defined in the
applicable Subject Servicing Agreement, as applicable, or any other similar term therein) or, to the extent not so defined therein, customary and reasonable out-of-pocket expenses incurred in connection with a default, delinquency or other event
relating to a Mortgage Loan and, in each case, made in accordance with the applicable Subject Servicing Agreement and for which Servicer has a right of reimbursement under the applicable Subject Servicing Agreement. 

“Custodial Account” means, with respect to any Subject Servicing Agreement, any custodial account required to be
maintained by Servicer pursuant to such Subject Servicing Agreement. 
 “Disclosing Party” has the meaning
specified in Section 7.1(a). 
 “Enforceability Exceptions” means limitations on enforcement and
other remedies imposed by or arising under or in connection with applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other similar Applicable Laws affecting creditors’ rights generally from time to time in
effect or general principles of equity (including concepts of materiality, reasonableness, good faith and fair dealing with respect to those jurisdictions that recognize such concepts). 

“Escrow Account” means, with respect to any Subject Servicing Agreement, any escrow account required to be maintained by
Servicer pursuant to such Subject Servicing Agreement. 

  
 Master
Subservicing Agreement 
 2 

 “Escrow Advance” means any “Escrow Advances” (as defined in the
applicable Subject Servicing Agreement or any other similar term therein) or, to the extent not so defined therein, advances in respect of real estate taxes and assessments or of hazard, flood or primary mortgage insurance premiums, required to be
paid (but not otherwise paid) by or on behalf of the related Mortgagor under the terms of the related Mortgage Loan for which Servicer has a right of reimbursement under the applicable Subject Servicing Agreement. 

“Fannie Mae” means the Federal National Mortgage Association, or any successor thereto. 

“FHA” means the Federal Housing Administration, or any successor thereto. 

“Freddie Mac” means the Federal Home Loan Mortgage Corporation, or any successor thereto. 

“GLB Act” has the meaning specified in Section 7.1(b). 

“Governmental Authority” means any national, federal, state, provincial, local or foreign government or subdivision
thereof or any entity, body or authority exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to any national, federal, state, provincial, local or foreign government. 

“HAMP” means the Home Affordable Modification Program implemented by the U.S. Department of the Treasury, as the same
may be modified from time to time. 
 “Indemnified Person” shall mean a Servicer Indemnified Party or an Ocwen
Indemnified Party, as the case may be. 
 “Indemnifying Person” shall mean Ocwen pursuant to
Section 8.3(a) or Servicer pursuant to Section 8.3(b), as the case may be. 

“Judgments” means any judgments, injunctions, orders, decrees, writs, rulings or awards of any Governmental Authority of
competent jurisdiction. 
 “Legal Requirement” has the meaning specified in Section 7.1(d).

 “Lien” means, for any property or asset of a Person, any lien, security interest, mortgage, pledge or
encumbrance in, of or on such property or asset in favor of any other Person. 
 “Loss” or
“Losses,” in respect of any matter, event or circumstance, means any and all liabilities, claims, obligations, damages, awards, Judgments, losses, settlement payments, reasonable costs and reasonable expenses (including reasonable
attorney’s and paralegal fees), fines or penalties. 
 “Material Adverse Effect” means any effect, event,
circumstance, development or change, individually or in the aggregate, which has or is reasonably likely to have, a material adverse effect on (i) the ability of Ocwen to perform its obligations under this Agreement, any Subservicing Supplement
or any Subject Servicing Agreement or (ii) the validity or enforceability of this Agreement or any Subservicing Supplement. 

  
 Master
Subservicing Agreement 
 3 

 “Monthly Servicing Oversight Report” means a report with respect to all of
the Subject Servicing Agreements and related Mortgage Loans in such form as may be agreed to by Servicer and Ocwen from time to time. 
 “Monthly Remittance Report” means, with respect to each Subject Servicing Agreement, a report in such form as may be agreed to by Servicer and Ocwen from time to time. 

“Monthly Reporting Date” has the meaning, with respect to each Subject Servicing Agreement, specified in the related
Subservicing Supplement. 
 “Mortgage” means, with respect to any Mortgage Loan, any mortgage, deed of trust or
other instrument securing any relate Mortgage Note, which created a lien on the related Mortgaged Property. 
 “Mortgage
Loan” means any mortgage loan or home equity line of credit which is serviced by Servicer pursuant to the terms of a Subject Servicing Agreement, and for which Ocwen has been engaged as a subservicer pursuant to the terms of this Agreement
and a Subservicing Supplement, each as identified on the related Mortgage Loan Schedule. 
 “Mortgage Loan
Documents” means, with respect to any Mortgage Loan, the related Mortgage Note, Mortgage and other agreements entered into in connection with such Mortgage Loan. 
 “Mortgage Loan Schedule” means the schedule of Mortgage Loans which Ocwen shall subservice pursuant to a Subservicing Supplement and this Agreement, which shall be delivered in electronic
format by Servicer to Ocwen pursuant to the terms of this Agreement. 
 “Mortgage Note” means, with respect to
any Mortgage Loan, any note or other evidence of the indebtedness of the related Mortgagor secured by a Mortgage. 

“Mortgaged Property” means, with respect to each Mortgage Loan, any real property (or leasehold estate, if applicable)
securing repayment of the related Mortgage Note. 
 “Mortgagor” means, with respect to any Mortgage Loan, any
obligor on such Mortgage Loan. 
 “Ocwen” has the meaning set forth in the Preamble. 

“Ocwen Indemnified Party” has the meaning specified in Section 8.3(b). 

“Ocwen Project Manager” has the meaning set forth in Section 5.17. 

“Performance Fee” has the meaning, with respect to each Subject Servicing Agreement, set forth in the related
Subservicing Supplement. 

  
 Master
Subservicing Agreement 
 4 

 “Person” means any individual, corporation, limited liability company,
partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “P&I Advance” means any “P&I Advances,” “Monthly Advances” (each as defined in the applicable Subject Servicing Agreement or any other similar term therein)
or, if not defined therein, advances in respect of principal or interest for which Servicer has a right of reimbursement under the applicable Subject Servicing Agreement. 
 “Prepayment Interest Excess” means with respect to each Mortgage Loan that was the subject of a principal prepayment, the amount of interest, if any, that is payable with respect to such
principal prepayment to the extent such amount is payable to the Servicer as additional servicing compensation pursuant to the related Subject Servicing Agreement. 
 “Privacy Laws” has the meaning specified in Section 7.1(b). 
 “Proceeding” means an action, suit or legal, administrative, arbitral or alternative dispute resolution proceeding. 

“Receiving Party” has the meaning specified in Section 7.1(a). 

“Regulation AB” means Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100-229.1123, as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the U.S. Securities and Exchange Commission in the adopting release (Asset-Backed Securities,
Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506—1,631 (Jan. 7, 2005)) or by the staff of the U.S. Securities and Exchange Commission, or as may be provided by the U.S. Securities and Exchange Commission or its staff from time to
time. 
 “Representatives” means, with respect to any Person, such Person’s directors, officers, managers,
employees and agents. 
 “Scheduled Termination Date” has the meaning, with respect to each Subject Servicing
Agreement, set forth in the related Subservicing Supplement. 
 “Securitization Transaction” means, with
respect to each Subject Servicing Agreement, the securitization transaction identified in the related Subservicing Supplement pursuant to which the Mortgage Loans subject to such Subject Servicing Agreement were securitized. 

“Security Event” has the meaning specified in Section 7.1(e). 

“Servicer” has the meaning set forth in the Preamble. 

“Servicer Indemnified Party” has the meaning specified in Section 8.3(a). 

“Servicer Retained Obligation” means, with respect to any Subject Servicing Agreement, any obligation of the Servicer
under such Subject Servicing Agreement that is designated in the related Subservicing Supplement as a “Servicer Retained Obligation” together with any servicing obligation that Servicer has notified Ocwen in writing (which notice has not
been withdrawn by Servicer in writing) is a “Servicer Retained Obligation”. 

  
 Master
Subservicing Agreement 
 5 

 “Servicing Advance” means any Corporate Advance, Escrow Advance or P&I
Advance. 
 “Servicing Advance Account” means, with respect to any Servicing Advance Facility, an account into
which reimbursements of Servicing Advances funded pursuant to such Servicing Advance Facility are required to be deposited. 

“Servicing Advance Facility” means, with respect to each Subject Servicing Agreement, any financing arrangement entered
into by Servicer to finance Servicing Advances made pursuant to such Subject Servicing Agreement. 
 “Servicing
Fees” means all compensation payable to Servicer under the Subject Servicing Agreements, including each “Servicing Fee” payable based on a percentage of the outstanding principal balance of the Mortgage Loans, but excluding all
Ancillary Income, Prepayment Interest Excess and earnings received on amounts on deposit in any Custodial Account or Escrow Account. 
 “Subservicing Supplement” has the meaning set forth in Section 2.1. 
 “Servicing Transfer Date” means, with respect to each Subject Servicing Agreement, the “Servicing Transfer Date” set forth in the related Subservicing Supplement. 

“Servicing Transfer Procedures” means, with respect to any Subject Servicing Agreement, the servicing transfer
procedures set forth in the related Subservicing Supplement. 
 “Subcontractor” means, except for any Vendor,
any vendor, subcontractor or other Person that is not responsible for the overall servicing (as “servicing” is commonly understood by participants in the mortgage-backed securities market) of mortgage loans but performs one or more
discrete functions identified in Item 1122(d) of Regulation AB with respect to Mortgage Loans under the direction or authority of Ocwen. 
 “Subject Servicing Agreement” means each pooling and servicing agreement or other servicing agreement identified as a “Subject Servicing Agreement” in a Subservicing Supplement
and with respect to which this Agreement has not been terminated pursuant to Article 9. 
 “Subservicing
Termination Date” has the meaning set forth in Section 9.4. 
 “Termination Event” means
the occurrence of any one or more of the following events (whatever the reason for the occurrence of such event and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any
court or any order, rule or regulation of any administrative or governmental body): 
 (a) Ocwen fails to remit any payment
required to be made under the terms of this Agreement or any Subservicing Supplement (to the extent not resulting solely from Servicer failing to make a payment or Servicing Advance required by Servicer under this Agreement or such Subservicing
Supplement), which continues unremedied for a period of one (1) Business Day after the date on which written notice of such failure shall have been given to Ocwen by Servicer; 

  
 Master
Subservicing Agreement 
 6 

 (b) Ocwen fails to deliver any required information or report that is complete in all
material respects pursuant to this Agreement or any Subservicing Supplement in the manner and time frame set forth therein, which failure continues unremedied for a period of two (2) Business Days after the date on which written notice of such
failure shall have been given to Ocwen by Servicer; 
 (c) Ocwen fails to observe or perform in any material respect any other
covenant or agreement of Ocwen set forth in this Agreement or any Subservicing Supplement, which failure continues unremedied for a period of thirty (30) days after the date on which written notice of such failure, shall have been given to
Ocwen by Servicer; provided however, in the event that any such default is incurable by its own terms, a Termination Event shall be deemed to occur immediately hereunder without regard to the thirty-day cure period set forth above;

 (d) A material breach by Ocwen of any representation and warranty made by it in this Agreement or any Subservicing Supplement,
which breach continues unremedied for a period of thirty (30) days after the date on which written notice of such breach shall have been given to Ocwen by the Servicer; provided, however, in the event that any such breach is
incurable by its own terms, a Termination Event shall be deemed to occur immediately hereunder without regard to the thirty (30) day cure period set forth above; 
 (e) Ocwen fails to maintain residential primary servicer ratings for subprime loans of at least “Average” by Standard & Poor’s Rating Services, a division of Standards &
Poor’s Financial Services LLC (or its successor in interest), “SQ3-” by Moody’s Investors Service, Inc. (or its successor in interest) and “RPS3-” and “RSS3-” by Fitch Ratings (or its successor in interest);

 (f) Ocwen ceases to be a Fannie Mae, Freddie Mac or FHA approved servicer; 

(g) the occurrence of a Material Adverse Effect; 
 (h) any of the conditions specified in the applicable “Servicer Default”, “Servicer Event of Default,” “Event of Default,” “Servicing Default” or “Servicer
Event of Termination” or similar sections of any Subject Servicing Agreement or Underlying Document shall have occurred with respect to Servicer for any reason not caused by Servicer (other than as a result of any delinquency or loss trigger
which was already triggered as of the Servicing Transfer Date with respect to such Subject Servicing Agreement); provided that Ocwen shall be entitled to any cure period applicable to the Servicer as may be set forth in such Subject Servicing
Agreement; 
 (i) a decree or order of a court or agency or supervisory authority having jurisdiction for the appointment of a
conservator or receiver or liquidator in any insolvency, bankruptcy, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against Ocwen and
such decree or order shall have remained in force undischarged or unstayed for a period of thirty (30) days; 

  
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 (j) Ocwen shall consent to the appointment of a conservator or receiver or liquidator in any
insolvency, bankruptcy, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to Ocwen or of or relating to all or substantially all of its property; or 

(k) Ocwen shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage of any
applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors or voluntarily suspend payment of its obligations. 
 “Underlying Documents” means each operative document or agreement executed in connection with each Securitization Transaction which is binding upon Servicer, as servicer. 

“Vendor” means any vendor, subcontractor or other Person that is not a Subcontractor of any Mortgage Loans and who only
performs servicing obligations hereunder for Ocwen under the direction or authority of Ocwen and that either (i) does not perform one or more discrete functions identified in Item 1122(d) of Regulation AB or (ii) would not be required
to be separately identified as a subservicer or vendor in a servicing assessment or attestation under Item 1122 of Regulation AB with respect to Ocwen. 
 ARTICLE 2 
 SUBSERVICING 

2.1 Subservicing Supplements. Servicer and Ocwen may from time to time enter into one or more subservicing supplements in form and
substance as the parties may mutually agree to (each a “Subservicing Supplement”), pursuant to which Servicer will engage Ocwen to act as subservicer with respect to the Mortgage Loans relating to the Subject Servicing Agreements
specified in such Subservicing Supplement on the terms set forth in this Agreement, as modified or supplemented by such Subservicing Supplement. The parties agree that, to the extent the terms of any Subservicing Supplement are inconsistent with any
term of this Agreement, the terms of such Subservicing Supplement shall control with respect to the related Subject Servicing Agreements and Mortgage Loans. 
 2.2 Servicing Transfer Procedures. Servicer and Ocwen each covenant and agree to follow the Servicing Transfer Procedures set forth in each related Subservicing Supplement in all material respects
and take all steps necessary or appropriate to effectuate and evidence the transfer of the subservicing of the related Mortgage Loans to Ocwen in accordance therewith. Servicer shall deliver to Ocwen the Mortgage Loan Schedule relating to a
Subservicing Supplement on the related Servicing Transfer Date(s). 
 2.3 Subservicing. Except as otherwise specifically
provided in this Agreement or the related Subservicing Supplement, Ocwen covenants and agrees to service and administer each Mortgage Loan related to a Subject Servicing Agreement from and after the related Servicing Transfer Date until the related
Subservicing Termination Date in accordance with Applicable Law, the terms of the related Mortgage Loan Documents and any applicable private mortgage insurance or pool insurance, the standards, requirements, guidelines, procedures, restrictions and

  
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provisions of the related Subject Servicing Agreement and Underlying Documents governing the duties of Servicer thereunder and/or any subservicer thereunder, and this Agreement and the related
Subservicing Supplement. Except as otherwise specifically provided in this Agreement or the related Subservicing Supplement, Ocwen shall be responsible for performing all of the duties and obligations of Servicer and its subservicers under each
Subject Servicing Agreement and related Underlying Documents, and Ocwen shall at all times meet any standards and fulfill any requirements applicable to Servicer or its subservicer under each Subject Servicing Agreement. Without limiting the
foregoing, Ocwen covenants and agrees that it shall perform its obligations pursuant to this Agreement and each Subservicing Supplement in a manner that will not cause the termination of Servicer as servicer under any Subject Servicing Agreement,
including a termination based on Ocwen’s management of delinquency or loss performance with respect to Mortgage Loans related to such Subject Servicing Agreement, other than as a result of a breach by Servicer of a Servicer Retained Obligation
with respect to such Subject Servicing Agreement (unless such breach of a Servicer Retained Obligation resulted directly or indirectly from an act or omission of Ocwen). The parties acknowledge and agree that any termination of Servicer as servicer
with respect to a Subject Servicing Agreement pursuant to a delinquency or loss performance trigger or for any other reason other than as a result of a breach by Servicer of a Servicer Retained Obligation with respect to such Subject Servicing
Agreement shall be deemed to be the result of a breach by Ocwen of its obligations under this Agreement and the related Subservicing Supplement. In the event of a conflict between a Subject Servicing Agreement and this Agreement and the related
Subservicing Supplement, the Subject Servicing Agreement shall control. 
 2.4 Servicer Retained Obligations. The parties
acknowledge and agree that Servicer shall retain the obligation to perform certain Servicer Retained Obligations with respect to each Subject Servicing Agreement as further described in this Agreement and in the related Subservicing Supplement, and
Ocwen shall not have any rights or obligations with respect to the Servicer Retained Obligations. Unless otherwise agreed in a Subservicing Supplement with respect to a Subject Servicing Agreement, Servicer shall be responsible for: 

(a) establishing and maintaining the Custodial Accounts and Escrow Accounts for each Subject Servicing Agreement in accordance with the
provisions of such Subject Servicing Agreement. Servicer shall retain the right to direct the investment of amounts in any Custodial Account or Escrow Account and the right to receive and retain any investment income earned on any amounts or deposit
in such Custodial Accounts and Escrow Accounts and shall retain any obligation to reimburse such accounts for investment losses in each case subject to the terms of the related Subject Servicing Agreement, the related Mortgage Loan Documents and
Applicable Law. 
 (b) funding any P&I Advances required under the terms of the Subject Servicing Agreements, as determined
by Ocwen and set forth in the applicable Monthly Remittance Report, and depositing any such P&I Advances into either the applicable Custodial Account or other applicable account held by the related trustee, master servicer, securities
administrator, or trust administrator, as the case may be, in accordance with the requirements of the related Subject Servicing Agreement (which may be done directly by Servicer or though an account established in connection with the related
Servicing Advance Facility). 

  
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 (c) funding any Corporate Advances or Escrow Advances required under the terms of the
Subject Servicing Agreements, as determined by Ocwen and notified in writing to Servicer pursuant to Section 5.8, and depositing any such Corporate Advances or Escrow Advances into the applicable Escrow Account. 

(d) remitting any amounts required to be remitted from the Custodial Accounts or Escrow Accounts, as determined by Ocwen and set forth in
the applicable Monthly Remittance Report or notified in writing to Servicer pursuant to Section 5.8. 
 In addition,
Servicer may from time to time designate any obligations under a Subject Servicing Agreement that are not then currently a Servicer Retained Obligation as a Servicer Retained Obligation and assume the performance of such obligations upon ten
(10) Business Days prior written notice to Ocwen; provided that such designation and performance does not limit in any way Ocwen’s ability to earn and receive the Base Subservicing Fee, any Performance Fee or any Ancillary Income
with respect to such Subject Servicing Agreement. 
 2.5 Collections from Obligors and Remittances. Ocwen shall direct
the obligors on the Mortgage Loans to remit payment on the Mortgage Loans to the Clearing Account and shall within one (1) Business Day of receipt promptly deposit any amounts Ocwen receives with respect to the Mortgage Loans in the Clearing
Account. Ocwen shall promptly remit all amounts received by Ocwen with respect to the Mortgage Loans to the applicable Custodial Account or Escrow Account (net of any Ancillary Income or Prepayment Interest Excess permitted to be retained by Ocwen
hereunder and under the related Subservicing Supplement), but no later than the earlier of two (2) Business Days after receipt thereof or the date required pursuant to the applicable Subject Servicing Agreement; provided, that Ocwen
shall, subject to the terms of the related Subject Servicing Agreement, remit any such amounts that constitute recovery of a Servicing Advance to the applicable Servicing Advance Account, if any, specified by Servicer within two (2) Business
Days of receipt thereof. Ocwen shall also be responsible for making any compensating interest payments or prepayment interest shortfall payments required to be made by the Servicer with respect to the Mortgage Loans under the Subject Servicing
Agreements, and shall remit any such payments to the applicable Custodial Account no less than one (1) Business Day prior to the applicable remittance date for such Subject Servicing Agreement. 

2.6 Power of Attorney. Servicer shall execute and furnish Ocwen with such limited powers of attorney to execute documents on
behalf of Servicer with respect to the Mortgage Loans and related Mortgaged Properties as Ocwen may reasonably request in connection with servicing the Mortgage Loans. 
 2.7 Servicing Practices. Ocwen shall not make any material change to its servicing practices with respect to the Mortgage Loans after the date hereof, including, any material changes to its cash
collection and sweep processes and its advance policies or stop advance policies, without Servicer’s prior written consent, which consent shall not be unreasonably withheld or delayed. Servicer shall have the right to direct Ocwen to implement
reasonable changes to Ocwen’s servicing practices applicable with respect to all or a portion of the Mortgage Loans, including any changes necessary to ensure compliance with Applicable Laws or governmental programs or directions received
pursuant to the applicable Subject Servicing Agreements. 

  
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 ARTICLE 3 
 REPRESENTATIONS AND WARRANTIES OF OCWEN 
 Ocwen represents and warrants to
Servicer as of the date hereof, the date of each Subservicing Supplement and each Servicing Transfer Date as follows: 
 3.1
Due Organization. Ocwen is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware, and has full power and authority to own its property and to carry on its business as
presently conducted and to enter into, deliver and perform this Agreement, each Subservicing Supplement and all documents executed pursuant hereto and thereto by Ocwen and to carry out its obligations hereunder and thereunder. 

3.2 Due Authorization; Binding Effect. The execution, delivery and performance of this Agreement, each Subservicing Supplement and
all documents executed pursuant hereto and thereto by Ocwen has been duly and validly authorized by all necessary corporate, shareholder or other action. This Agreement has been, and upon their execution each Subservicing Supplement and all
documents executed pursuant hereto and thereto by Ocwen shall be, duly executed and delivered by Ocwen, and (assuming due authorization, execution and delivery by Servicer) this Agreement constitutes, and upon their execution, each Subservicing
Supplement and all documents executed pursuant hereto and thereto by Ocwen shall constitute, the legal, valid and binding obligations of Ocwen, enforceable against Ocwen in accordance with their respective terms, subject to the Enforceability
Exceptions. 
 3.3 No Conflicts. The execution, delivery and performance by Ocwen of this Agreement, each Subservicing
Supplement and all documents executed pursuant hereto and thereto by Ocwen do not and will not conflict with, or result in any violation of or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination,
cancellation or acceleration of any obligation or to loss of a benefit under, or result in the creation or imposition of any Lien upon any of the assets of Ocwen under, any provision of (a) the organizational documents of Ocwen, (b) any
mortgage, indenture or other agreement to which Ocwen is a party or by which Ocwen or any of its properties or assets is subject (except as would not reasonably be expected to adversely affect the ability of Ocwen to carry out its obligations under,
and to consummate the transactions contemplated by, this Agreement and the Subservicing Supplements) or (c) any provision of any Applicable Law applicable to Ocwen or its properties or assets. 

3.4 Consents. No consent of, or registration, declaration or filing with, any Governmental Authority or any other Person is
required to be obtained, effected or given by or with respect to Ocwen in connection with the execution, delivery and performance of this Agreement or any Subservicing Supplement or the consummation of the transactions contemplated hereby or
thereby, except for consents, registrations, declarations and filings that have been obtained or will be obtained prior to the related Servicing Transfer Date. 
 3.5 Litigation. There are no actions, litigation, suits or Proceedings pending or, to Ocwen’s knowledge, threatened against Ocwen before or by any court, administrative agency, arbitrator or
government body (i) with respect to this Agreement or any Subservicing 

  
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Supplement or (ii) with respect to any other matter which if determined adversely to Ocwen would reasonably be expected to materially and adversely affect Ocwen’s ability to perform its
obligations under this Agreement or any Subservicing Supplement; and Ocwen is not in default with respect to any order of any court, administrative agency, arbitrator or governmental body so as to materially and adversely affect Ocwen’s ability
to perform its obligations under this Agreement or any Subservicing Supplement. 
 3.6 Licenses. Ocwen has all licenses
necessary to carry on its business as now being conducted and as is contemplated by this Agreement and each Subservicing Supplement to be conducted and is duly authorized and qualified to transact, in each applicable state, any and all business
contemplated by this Agreement and each Subservicing Supplement or is otherwise exempt under Applicable Law from such qualification or is otherwise not required under Applicable Law to effect such qualification. 

3.7 Capacity. Ocwen has the facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans
of the same type as the Mortgage Loans. Ocwen does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant contained in this Agreement or in any Subservicing Supplement. 

3.8 Approved Servicer. Ocwen is approved and in good standing with Fannie Mae and Freddie Mac as a servicer of mortgage loans.

 3.9 Servicer Ratings. Ocwen has a residential primary servicer rating for the servicing of subprime residential
mortgage loans issued by S&P, Fitch or Moody’s at or above “Above Average,” “RPS3” and “SQ2-”, respectively. 
 3.10 Eligible Subservicer. Ocwen meets the eligibility requirements of a servicer and a subservicer under the terms of each Subject Servicing Agreement and Underlying Document. 

3.11 HAMP. Ocwen has entered into a Commitment to Purchase Financial Instrument and Servicer Participation Agreement with FNMA, as
financial agent of the United States, which agreement is in full force and effect. 
 ARTICLE 4 

REPRESENTATIONS AND WARRANTIES OF SERVICER 
 Servicer represents and warrants to Ocwen as of the date hereof, the date of each Subservicing Supplement and each Servicing Transfer Date as follows: 

4.1 Due Organization. Servicer is a limited liability company duly organized, validly existing and in good standing under the laws
of the State of Delaware, and has full power and authority to own its property and to carry on its business as presently conducted and to enter into, deliver and perform this Agreement, each Subservicing Supplement and all documents executed
pursuant hereto and thereto by Servicer and to carry out its obligations hereunder and thereunder. 
 4.2 Due Authorization;
Binding Effect. The execution, delivery and performance of this Agreement, each Subservicing Supplement and all documents executed pursuant hereto and 

  
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thereto by Servicer has been duly and validly authorized by all necessary corporate, shareholder or other action. This Agreement has been, and upon their execution each Subservicing Supplement
and all documents executed pursuant hereto and thereto by Servicer shall be, duly executed and delivered by Servicer, and (assuming due authorization, execution and delivery by Ocwen) this Agreement constitutes, and upon their execution, each
Subservicing Supplement and all documents executed pursuant hereto and thereto by Servicer shall constitute, the legal, valid and binding obligations of Servicer, enforceable against Servicer in accordance with their respective terms, subject to the
Enforceability Exceptions. 
 4.3 No Conflicts. The execution, delivery and performance by Servicer of this Agreement,
each Subservicing Supplement and all documents executed pursuant hereto and thereto by Servicer do not and will not conflict with, or result in any violation of or default (with or without notice or lapse of time, or both) under, or give rise to a
right of termination, cancellation or acceleration of any obligation or to loss of a benefit under, or result in the creation or imposition of any Lien upon any of the assets of Servicer under, any provision of (a) the organizational documents
of Servicer, (b) any mortgage, indenture or other agreement to which Servicer is a party or by which Servicer or any of its properties or assets is subject (except as would not reasonably be expected to adversely affect the ability of Servicer
to carry out its obligations under, and to consummate the transactions contemplated by, this Agreement and the Subservicing Supplements) or (c) any provision of any Applicable Law applicable to Servicer or its properties or assets. 

4.4 Consents. No consent of, or registration, declaration or filing with, any Governmental Authority or any other Person is
required to be obtained, effected or given by or with respect to Servicer in connection with the execution, delivery and performance of this Agreement or any Subservicing Supplement or the consummation of the transactions contemplated hereby or
thereby, except for consents, registrations, declarations and filings that have been obtained or will be obtained prior to the related Servicing Transfer Date. 
 4.5 Litigation. There are no actions, litigation, suits or Proceedings pending or, to Ocwen’s knowledge, threatened against Servicer before or by any court, administrative agency, arbitrator
or government body (i) with respect to this Agreement or any Subservicing Supplement or (ii) with respect to any other matter which if determined adversely to the Servicer would reasonably be expected to materially and adversely affect
Servicer’s ability to perform its obligations under this Agreement or any Subservicing Supplement; and Servicer is not in default with respect to any order of any court, administrative agency, arbitrator or governmental body so as to materially
and adversely affect Servicer’s ability to perform its obligations under this Agreement or any Subservicing Supplement. 

4.6 Licenses. Servicer has all licenses necessary to carry on its business as now being conducted and as is contemplated by this
Agreement and each Subservicing Supplement to be conducted and is duly authorized and qualified to transact, in each applicable state, any and all business contemplated by this Agreement and each Subservicing Supplement or is otherwise exempt under
Applicable Law from such qualification or is otherwise not required under Applicable Law to effect such qualification. 

  
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 4.7 Ability to Perform. Servicer does not believe, nor does it have any reason or
cause to believe, that it cannot perform each and every one of its covenants contained in this Agreement as supplemented by the related Subservicing Supplement. 
 ARTICLE 5 
 COVENANTS 

5.1 Compliance with Applicable Laws; Licenses. Ocwen will comply with all Applicable Laws in connection with the performance of
its obligations under this Agreement and each Subservicing Supplement. Ocwen shall maintain all necessary licenses and approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of Ocwen to perform
its obligations under this Agreement and each Subservicing Supplement. 
 5.2 Merger, Consolidation, Etc. Ocwen will keep
in full effect its existence, rights and franchises as a limited liability company, and will obtain and preserve its qualification to do business as a foreign organization in each jurisdiction in which such qualification is or shall be necessary to
protect the validity and enforceability of this Agreement, each Subservicing Supplement, each Subject Servicing Agreement or any of the Mortgage Loans, or to perform its duties under this Agreement or the Subservicing Supplements. Ocwen may be
merged or consolidated with or into any Person, or transfer all or substantially all of its assets to any Person, in which case any Person resulting from any merger or consolidation to which Ocwen shall be a party, or any Person succeeding to the
business of Ocwen, shall be the successor to Ocwen under this Agreement and under each Subservicing Supplement, without the execution or filing of any paper or any further act on the part of any of the parties hereto; provided,
however, that the successor or surviving Person shall be an institution whose deposits are insured by FDIC or a company whose business includes the servicing of mortgage loans and shall have a tangible net worth not less than $25,000,000.

 5.3 Fannie Mae/Freddie Mac. Ocwen shall not have its right to service suspended by Fannie Mae, Freddie Mac or FHA.
Ocwen shall at all times meet the qualifications of a Fannie Mae, Freddie Mac or FHA seller/servicer. Ocwen shall provide Servicer with prompt written notice of any negative action by Fannie Mae. Freddie Mac or FHA regarding its right to service or
its standing as an approved seller/servicer. 
 5.4 MERS. Ocwen shall at all times maintain its membership in the
Mortgage Electronic Registration System, Inc (“MERS”). 
 5.5 Insurance. (a) Ocwen shall maintain,
at its own expense: 
 (i) mortgage impairment insurance of at least what is required by Fannie Mae and Freddie
Mac or by any Subject Servicing Agreement or Applicable Law, which coverage shall extend to Servicer (who shall be named as loss payee on a certificate of insurance with respect to such coverage); 

(ii) professional liability/errors and omissions insurance of at least what is required by Fannie Mae and Freddie Mac or
by any Subject Servicing Agreement or Applicable Law, which insurance shall protect and insure Ocwen against losses, including errors and omissions and negligent acts of such persons; 

  
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 (iii) financial institution bond (crime) insurance of at least what is
required by Fannie Mae and Freddie Mac or by any Subject Servicing Agreement or Applicable Law, which coverage shall extend to Servicer (who shall be named as loss payee on a certificate of insurance with respect to such coverage); and 

(iv) commercial general liability, umbrella and excess insurance in the amount of $1,000,000 per occurrence and $2,000,000
general aggregate and umbrella and excess insurance of at least $10,000,000 per occurrence, in the aggregate, which coverage shall extend to Servicer (who shall be named as additional insured on a certificate of insurance with respect to such
coverage). 
 (b) The insurance coverages under this Section 5.5 shall be primary, and all coverage shall be
non-contributing with respect to any other insurance or self-insurance that may be maintained by Servicer or its Affiliates. To the fullest extent allowed by the policies of insurance described in Section 5.5(a)(iv), Ocwen shall waive
all rights of subrogation against Servicer and its Affiliates. At least annually, Ocwen shall provide certificates of insurance evidencing that the coverages and policy endorsements required under this Agreement are maintained in force. The insurers
selected by Ocwen shall be authorized to conduct business in the jurisdictions in which services are to be performed. When the policy is issued each such insurer shall have at least an A.M. Best rating of A- VII or shall otherwise be acceptable to
Fannie Mae and Freddie Mac. In the case of loss or damage or other event that requires notice or other action under the terms of any insurance coverage specified in this Section 5.5, Ocwen shall be solely responsible to take such action.
Ocwen shall provide Servicer with contemporaneous notice and with such other information as Servicer may request regarding the event. 
 5.6 Delegation. Ocwen may delegate any of its obligations under this Agreement or a Subservicing Supplement to a Subcontractor or Vendor that is in the business of performing such services;
provided that Ocwen may not delegate any obligations identified in Item 1122(d) of Regulation AB with respect to the Mortgage Loans to any Person who is not performing such functions for Ocwen as of the date of this Agreement without the
prior written consent of Servicer, which consent shall not be unreasonable withheld or delayed. Any such delegation to Subcontractor or Vendor shall be subject to the terms and conditions of this Agreement, the applicable Subservicing Supplement and
the applicable Subject Servicing Agreements. Ocwen shall cause any Subcontractor or Vendor to comply with the obligations and restrictions applicable to Ocwen under this Agreement and the applicable Subservicing Supplements and shall be responsible
for all obligations, services and functions performed (or not performed) by such Persons. Servicer may require Ocwen to terminate a Subcontractor or Vendor if such Person’s performance is materially deficient or Servicer has good faith doubts
concerning the Person’s ability to render future performance because of the ownership, management, financial condition, business or operations. Ocwen shall ensure that any engagement of a Subcontractor or Vendor may be terminated at no cost to
Servicer. Any purported assignment or transfer by Ocwen of its rights or obligations under this Agreement or any Subservicing Supplement in violation of this Section 5.6, shall be null and void and of no effect. 

  
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 5.7 Access to Mortgage Servicing System. Ocwen shall provide Servicer with electronic
access to Ocwen’s mortgage servicing system to view any available information with respect to the Subject Servicing Agreements and the Mortgage Loans. Ocwen shall also provide Servicer with reasonable access to Ocwen’s financial operations
system to monitor Ocwen’s performance under this Agreement and the Subservicing Supplements Ocwen shall provide Servicer with the tools to create and administer log in identifications and passwords for each of its authorized users. 

5.8 Servicing Reports. Ocwen shall be responsible for delivering all reports required to be delivered by Servicer pursuant to the
Subject Servicing Agreements. Ocwen shall simultaneously deliver a copy of any reports delivered by Ocwen to any Person pursuant to the Subject Servicing Agreements to Servicer. Ocwen shall provide the following reports to Servicer: 

(a) On or prior to each Monthly Reporting Date with respect to each Subject Servicing Agreement, the Monthly Remittance Report relating to
such Subject Servicing Agreement, in electronic medium mutually acceptable to the parties, which Monthly Remittance Report shall also include with it (i) information sufficient for Servicer to determine whether a P&I Advance will have to be
made with respect to any Mortgage Loan subject to such Subject Servicing Agreement and (ii) appropriate supporting information regarding the amount and nature of such P&I Advances. 

(b) No later than the first Business Day of each month, the Monthly Servicing Oversight Report as to the end of the prior calendar month,
in electronic medium mutually acceptable to the parties. 
 (c) Any other reports or information Servicer may request, to the
extent that the requested information or data is reasonably available to Ocwen without undue expense or hardship. 
 5.9
Escrow Account. Servicer shall furnish, or shall cause to be furnished to Ocwen, access to the Escrow Accounts relating to each Subject Servicing Agreement during the term of this Agreement. Ocwen shall be entitled to withdraw funds from an
Escrow Account only for the following purposes: 
  

	 	(a)	to effect timely payments of ground rents, taxes, assessments, water rates, mortgage insurance premiums, condominium charges, fire and hazard insurance premiums or
other items constituting escrow payments for the related Mortgage Loan to the extent permitted by the related Subject Servicing Agreement; 

  

	 	(b)	to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan, Applicable Law or judicial or
administrative ruling; 

  

	 	(c)	for application to restoration or repair of the Mortgaged Property in accordance with the related Subject Servicing Agreement; and 

 

	 	(d)	to pay any interest paid on the funds deposited in the Escrow Account to any Mortgagor, to the extent required by Applicable Law. 

  
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 5.10 Notices and Financial Information. During the term of this Agreement, Ocwen will
furnish, or will cause to be furnished, to Servicer: 
 (a) within two (2) Business Days after the occurrence of a breach by
Ocwen of this Agreement or any Subservicing Supplement or any Termination Event or other event that would give Servicer the right to terminate this Agreement with respect to any Subject Servicing Agreement, notice of such event; 

(b) within two (2) Business Days after Ocwen receives notice or has knowledge of any alleged breach, default or notice of default
with respect to Servicer or its obligations under any Subject Servicing Agreement, notice of such event; 
 (c) within two
(2) Business Days after Ocwen receives notice of any action by S&P, Moody’s or Fitch regarding its servicer rating; 
 (d) within ten (10) Business Days after Ocwen has knowledge of the institution of an Proceeding or the threatening of a Proceeding (if such Proceeding being threatened has a reasonable probability of
success) by any Governmental Authority or other Person, or the enactment, issuance, promulgation or proposal by any Governmental Authority of any Applicable Law, in either case that could reasonably be expected to have a Material Adverse Effect;

 (e) within thirty (30) days after Ocwen has knowledge of any litigation, administrative claim, regulatory inquiry or
investigation, or media inquiry related to any of the Mortgage Loans, which Ocwen reasonably believes will result in possible negative public relations or significant liability for Servicer or Ocwen, notice of existence of same and of its
recommended action; 
 (f) at least one (1) Business Day prior written notice of any press release, filing with the SEC or
other public disclosure by Ocwen or Ocwen Financial Corporation, which disclosure could reasonably be expected to have an impact on Servicer; 
 (g) as soon as available, and in any event within thirty (30) days after the end of each calendar month, the unaudited consolidated balance sheet of Ocwen Financial Corporation and its subsidiaries
as at the end of such month and the related unaudited consolidated statements of income of Ocwen Financial Corporation and its subsidiaries for such month and for the period from the beginning of the then current fiscal year to the end of such
month; 
 (h) if at any time Ocwen Financial Corporation is not required, under Applicable Law, to file its Quarterly Report on
Form 10-Q with the SEC, as soon as available, and in any event within sixty (60) days after the end of each calendar quarter, the unaudited consolidated balance sheets of Ocwen Financial Corporation and its subsidiaries as at the end of such
fiscal quarter and the related unaudited consolidated statements of income, stockholders’ equity and cash flows of Ocwen Financial Corporation and its subsidiaries for such fiscal quarter and for the period from the beginning of the then
current fiscal year to the end of such fiscal quarter; 

  
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 (i) if at any time Ocwen Financial Corporation is not required, under Applicable Law, to
file its Annual Report on Form 10-K with the SEC, as soon as available, and in any event within ninety (90) days after the end of each fiscal year of Ocwen Financial Corporation, the audited consolidated balance sheets of Ocwen Financial
Corporation and its subsidiaries as at the end of such fiscal year and the related audited consolidated statements of income, stockholders’ equity and cash flows of Ocwen Financial Corporation and its subsidiaries for such fiscal year, setting
forth in each case in comparative form the corresponding figures for the previous fiscal year; 
 (j) such other information as
Servicer may be required to provide under any Servicing Advance Facility or as Servicer may from time to time otherwise request, to the extent that the requested information is reasonably available to Ocwen without undue expense or hardship.

 5.11 Servicing Advances. Ocwen covenants and agrees that each Servicing Advance that Ocwen notifies Servicer to make
pursuant this Agreement and the Subservicing Supplements (a) complies with the terms of the related Subject Servicing Agreement and Applicable Law, (b) complied with Ocwen’s advance policies and stop advance polices and procedures and
did not constitute a nonrecoverable Servicing Advance (meaning not recoverable out of collections on or proceeds of the related Mortgage Loan) as of the date Ocwen notified Servicer to make such Servicing Advance and (c) is supported by
customary backup documentation. Ocwen agrees to provide customary backup documentation relating to any Servicing Advance promptly upon request by Servicer. 
 5.12 Defaults under Subject Servicing Agreements. Ocwen covenants and agrees to use its reasonable best efforts to cure any breach or default (unless incurable by its own terms, e.g., loss and
delinquency termination triggers) with respect to Servicer or its obligations under any Subject Servicing Agreement (other than a default by Servicer with respect to any of its Servicer Retained Obligations) within the timeframe for cure set forth
in such Subject Servicing Agreement. 
 5.13 Annual Officer’s Certificate. Not later than
March 15th of each calendar year commencing in 2013,
Ocwen shall deliver to Servicer an Officer’s Certificate stating, as to each signatory thereof, that (i) a review of the activities of Ocwen during the preceding year and of performance under this Agreement and each Subservicing Supplement
has been made under such officers’ supervision and (ii) to the best of such officer’s knowledge, based on such review, Ocwen has fulfilled all of its obligations under this Agreement and each Subservicing Supplement in all material
respects throughout such year, or, if there has been a default in the fulfillment of any such obligation in any material respect, specifying each such default known to such officer and the nature and status thereof. 

5.14 Regulation AB Reporting. In accordance with the requirements set forth in each Subject Servicing Agreement, Ocwen at its own
expense shall deliver to all required Persons in accordance with the deadlines and requirements set forth in each Subject Servicing Agreement, any annual statements as to compliance, independent certified public accountants reports, servicing
reports, Regulation AB Sections 1122 and 1123 certifications, accountants certifications, Sarbanes Oxley Certifications and any other reports, statements or certifications as 

  
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are required to be delivered by Servicer’s subservicer pursuant to such Subject Servicing Agreement or Applicable Law. Servicer shall remain responsible for all reporting and other
obligations of a “servicer” under Regulation AB and the Subject Servicing Agreements with respect to the Mortgage Loans. Ocwen shall provide Servicer with all information necessary and within Ocwen’s control for the period following
the related Servicing Transfer Date in order for Servicer to comply with its Regulation AB obligations. With respect to each Subject Servicing Agreement, Ocwen shall provide to Servicer, any and all certifications reasonably requested by Servicer,
including without limitation, any certifications related to Regulation AB or the Uniform Single Attestation Program for Mortgage Bankers required to comply with the terms of such Subject Servicing Agreement. 

5.15 Reporting. With respect to the period that the Mortgage Loans are being serviced by Ocwen pursuant to this Agreement and the
applicable Subservicing Supplement, Ocwen shall prepare promptly each report required by Applicable Law, including reports to be delivered to all governmental agencies having jurisdiction over the servicing of the Mortgage Loans and the Escrow
Accounts or to the Mortgagors, shall execute such reports or, if Servicer must execute such reports, shall deliver such reports to Servicer for execution prior to the date on which such reports are due and shall file such reports with the
appropriate Persons. Ocwen shall timely prepare and deliver to the appropriate Persons Internal Revenue Service forms 1098, 1099 and 1099A (or any similar replacement, amended or updated Internal Revenue Service forms) relating to any Mortgage Loan
for the time period such Mortgage Loan has been serviced by Ocwen. The reports to be provided under this subsection shall cover the period through the end of the month following the termination of Ocwen as subservicer with respect to the applicable
Mortgage Loan including reports to be sent to the Internal Revenue Service for the calendar year in which such termination occurs. To the extent it is an customary servicing practice, Ocwen shall promptly prepare all reports or other information
required to respond to any inquiry from, or give any necessary instructions to, any mortgage insurer, provider of hazard insurance or other insurer or guarantor, taxing authority, tax service, or the Mortgagor. In addition to the foregoing, with
respect to each Mortgage Loan, Ocwen shall fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its borrower credit files to Equifax,
Experian and Trans Union Credit Information Company or their successors on a monthly basis. 
 5.16 Maintenance of Servicing
Files. Ocwen shall maintain the servicing file with respect to each Mortgage Loan pursuant to Applicable Law and customary industry practice and shall retain any information about the Mortgage Loans which is prepared by or comes into the
possession of Ocwen during the term of this Agreement (the “Servicing Information”). All rights to and interest in the Servicing Information shall immediately vest in Servicer and the servicing files and Servicing Information shall
be held and maintained in trust by Ocwen. The documents comprising the servicing files and Servicing Information shall be appropriately identified from the other books and records of Ocwen and shall be appropriately marked to clearly reflect the
ownership interest of Servicer. 
 5.17 Relationship Management and Staffing. 

(a) Project Managers. Ocwen shall designate one (1) individual (“Ocwen Project Manager”) to: (A) serve
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Agreement and each Subservicing Supplement; (B) have day-to-day authority for undertaking to ensure that Ocwen’s performance of this Agreement and each Subservicing Supplement meets
Servicer’s reasonable satisfaction; and (C) have authority to direct Ocwen in support of the foregoing. Servicer shall designate one (1) individual (“Servicer Project Manager”) to: (A) serve as the single point
of contact and accountability for Servicer for this Agreement and each Subservicing Supplement; and (B) have authority to direct Servicer in support of the foregoing. Ocwen and Servicer have the right to replace the Ocwen Project Manager or
Servicer Project Manager, respectively, upon prior written notice to the other party. 
 (b) Management Committee. Ocwen
and Servicer shall establish a committee comprising two (2) individuals who are officers of Ocwen and two (2) individuals who are officers of Servicer (collectively, the “Management Committee”). During the term of this
Agreement, the Management Committee shall be responsible for monitoring the performance of the services provided pursuant to this Agreement and the Subservicing Supplements, providing recommendations for improving the performance of such services
and discussing potential solutions to any disputes with respect to the services. Ocwen and Servicer shall have the right to replace those of its officers who are serving on the Management Committee upon written notice to the other party. 

(c) Periodic Meetings. During the term of this Agreement, unless otherwise mutually agreed upon by Ocwen and Servicer, the
Management Committee shall have a telephonic meeting each quarter and a meeting in person at least once a year. Such regular meetings shall be at such times and locations as may be mutually agreed by the members of the Management Committee. The
Management Committee shall discuss at any such regular meeting any topic that either Ocwen or Servicer desires to discuss at such regular meeting. In addition, during the term of this Agreement, either Ocwen or Servicer may call a special telephonic
meeting of the Management Committee upon five (5) Business Days prior written notice to the other party, which notice shall set forth in reasonable detail the topics to be discussed at such special meeting. 

(d) Ocwen shall assign an adequate number of personnel to the performance of Ocwen’s obligations under this Agreement and the
Subservicing Supplements. Ocwen shall properly educate and train all such personnel and ensure that all such personnel are fully qualified to perform the services that they are providing and shall have passed Ocwen’s customary background check
for personnel in similar positions. 
 5.18 Audits and Inspections. Ocwen shall provide Servicer with a copy of its
independent audit reports, including SAS 70 reviews, of its data processing environment and internal controls within a reasonable time after such reports are completed, and shall make all work papers regarding such audits available as requested to
the appropriate regulatory agencies, if any, having jurisdiction over Ocwen’s servicing hereunder. In addition, Ocwen will make available to Servicer for on-site review copies of any internal audit reports relating to its servicing operations.
Within thirty (30) days following Servicer’s request, the parties shall meet to discuss the frequency, scope and level of detail of Ocwen’s independent audits. Ocwen shall use commercially reasonable efforts to incorporate
Servicer’s comments into the requirements for its next and subsequent audits to the extent it is determined that Ocwen’s audit practices are not consistent with servicing industry practice. Servicer, its authorized representatives and

  
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Servicer’s regulators and auditors may on five (5) Business Days notice conduct audits and reviews on Ocwen’s premises including auditing and reviewing Ocwen’s facilities,
equipment, books and records (electronic or otherwise), operational systems and such other audits as may be reasonably necessary to ensure Ocwen’s compliance with the terms and conditions of this Agreement, each Subservicing Supplement, the
Subject Servicing Agreements and Applicable Laws and to ensure Ocwen’s financial and operational viability with respect to the servicing under this Agreement. In addition, Ocwen will provide Servicer with the results of a security audit to be
performed no less than annually. This security audit will be at no expense to Servicer and will test the compliance with the agreed-upon security standards and procedures set forth in this Agreement. Servicer will have the ability to bring in a
third party (who may not be a competitor of Ocwen) or use its own staff for an independent security audit. If Servicer chooses to conduct its own security audit, it will be at Servicer’s expense. 

5.19 Continuity of Business. Ocwen will maintain a disaster recovery plan in support of the services it performs for Servicer
pursuant to this Agreement and each Subservicing Supplement. Ocwen’s disaster recovery plan shall include, at a minimum, procedures for back-up/restoration of operating and loan administration computer systems; procedures and third-party
agreements for replacement equipment (e.g. computer equipment), and procedures and third-party agreements for off-site production facilities. Ocwen will provide Servicer information regarding its disaster recovery plan upon Servicer’s
reasonable request. Ocwen agrees to annually test its disaster recovery plan to ensure compliance with this Section 5.19. If such test results identifies a material failure, Ocwen shall advise Servicer of the steps Ocwen will be taking
to remedy such failure and shall notify Servicer when Ocwen has remedied such failure and retested. Ocwen will notify Servicer anytime Ocwen’s disaster recovery plan is activated. In the event of an activation of the disaster recovery plan,
Ocwen shall use best efforts to provide redundancy capabilities for a majority of the critical systems within 48 hours in at least one of Ocwen’s other servicing facilities unaffected by the disaster to ensure servicing of the Mortgage Loans
will be re-established within such 48 hours. 
 5.20 No Solicitation. From and after the related Servicing Transfer Date,
Ocwen agrees that it will not take any action or permit or cause any action to be taken by any of its agents or affiliates, or by any independent contractors on Ocwen’s behalf, to personally, by telephone or mail, solicit the borrower or
obligor under any Mortgage Loan to prepay or refinance such Mortgage Loan, in whole or in part; provided, however, that Ocwen may pursue refinancing and short sales of defaulted Mortgage Loans or Mortgage Loans with respect to which
default is reasonably foreseeable to the extent consistent with the related Subject Servicing Agreement. It is understood that promotions undertaken by Ocwen or any Affiliate which are directed to the general public at large, including, without
limitation, mass mailing based on commercially acquired mailing lists, newspaper, radio and television advertisements shall not constitute solicitation under this Section 5.20. 

5.21 Optional Termination or Clean Up Calls. Servicer shall exercise its rights under any optional termination or clean up call
provision pursuant to a Subject Servicing Agreement upon Ocwen’s written request delivered during the period in which such Subject Servicing Agreement is subject to a Subservicing Supplement; provided that (i) Ocwen or its designee
agrees to purchase, and purchases, the Mortgage Loans that are subject to such Subject Servicing Agreement at a purchase price that is at least equal to the applicable purchase price pursuant to

  
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such Subject Servicing Agreement, (ii) the proceeds of such purchase are sufficient to reimburse all unreimbursed Servicing Advances and other amounts owed to Servicer with respect to such
Subject Servicing Agreement pursuant to such Subject Servicing Agreement and (iii) Ocwen shall have paid to Servicer a redemption fee with respect to such Subject Servicing Agreement equal to the Book Value of the mortgage servicing rights
related to such Subject Servicing Agreement as of the date of such optional termination or clean up call. 
 5.22 Access to
Account Management Systems. Ocwen shall provide Servicer with access to Ocwen’s account management systems to establish and maintain any Custodial Account or Escrow Account that the Servicer desires to establish and maintain on Ocwen’s
account management systems. 
 ARTICLE 6 
 EXPENSES AND COMPENSATION 
 6.1 Costs and Expenses. Each party
hereto shall be responsible for its own costs and expenses incurred in connection with the negotiation and execution of this Agreement, any Subservicing Supplements and all documents relating thereto. Ocwen shall be required to pay all expenses
incurred by it in connection with its obligations hereunder to the extent such expenses do not constitute Corporate Advances and shall not be entitled to reimbursement therefor except as specifically provided for herein or in the applicable Subject
Servicing Agreement. 
 6.2 Subservicing Fees. With respect to each Subject Servicing Agreement, Servicer shall pay Ocwen
the Base Subservicing Fee and any Performance Fee set forth in the related Subservicing Supplement. Notwithstanding any provision in this Agreement to the contrary, in the event Servicer has failed to pay Ocwen any Base Subservicing Fee or
Performance Fees that are past due after ten (10) Business Days of Servicer receiving notice of such failure, Ocwen shall not be required to continue act as subservicer until such time as Servicer has fully paid such past due Base Subservicing
Fee or Performance Fee; provided that Servicer shall not have notified Ocwen that it disputes the occurrence or amount of such past due Base Subservicing Fee or Performance Fee. 

6.3 Ancillary Income and Prepayment Interest Excess. Ocwen shall also be entitled to retain as additional compensation any
Ancillary Income and any Prepayment Interest Excess received by Ocwen with respect to the Mortgage Loans following the applicable Servicing Transfer Date (and regardless of when such amounts accrued), to the extent such Ancillary Income or
Prepayment Interest Excess is permitted to be retained by Servicer pursuant to the related Subject Servicing Agreement. Ocwen shall net any such Ancillary Income and Prepayment Interest Excess received from the amounts it is required to remit to
Servicer pursuant to Section 2.5. 
 6.4 Calculation and Payment. No later than the second Business Day
following the receipt by Servicer of the Monthly Servicing Oversight Report for a calendar month, Servicer will remit to Ocwen in immediately available funds all Base Subservicing Fees and Performance Fees payable by Servicer to Ocwen for the
related calendar month, along with a report showing in reasonable detail the calculation of such Base Subservicing Fees and Performance Fees 

  
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 6.5 No Offset. Except as provided in Section 9.3, neither party shall
have any right to offset against any amount payable hereunder or under any Subservicing Supplement or other agreement to the other party, or otherwise reduce any amount payable hereunder or under any Subservicing Supplement as a result of, any
amount owing by the other party or any of its Affiliates to such party or any of its Affiliates. 
 ARTICLE 7 

CONFIDENTIALITY 
 7.1 Confidentiality and Nonpublic Personal Information. 
 (a) Subject to any
exceptions set forth herein, each party hereby agrees not to disclose any Confidential Information to any other Person. “Confidential Information” shall include all information of either party and/or any of its Affiliates (the
“Disclosing Party”) to which the other party (the “Receiving Party”) has had or will have access, whether in oral, written, graphic or machine-readable form, including without limitation, specifications, operations
or systems manuals, decision processes, profiles, system and management architectures, diagrams, graphs, models, sketches, technical data, research, business or financial information, plans, strategies, forecasts, forecast assumptions, business
practices, marketing information and material, customer names, proprietary ideas, concepts, know-how, methodologies and all other information related to the Disclosing Party’s business and/or the business of any of its affiliates. Confidential
Information shall also include all information of any third party to which the Disclosing Party has access and to which the Receiving Party has had or will have access, and all notes, analyses and studies prepared by the Receiving Party or any of
its Representatives incorporating any of the information described in this subsection. Notwithstanding the foregoing, Servicer and Ocwen may, subject to Applicable Law, disclose Confidential Information to its directors, officers, employees, agents,
attorneys, other representatives and lenders who have a reasonable need for access to such Confidential Information (each a “Permitted Recipient”), provided that prior to sharing any Confidential Information with a Permitted
Recipient who is not a director, officer or employee of such party, such party shall (i) have informed such Permitted Recipient of the confidential nature of such information, and (ii) have entered into an agreement with such Permitted
Recipient pursuant to which such Permitted Recipient is obligated to maintain the confidentiality of such Confidential Information in accordance with this Agreement. The party disclosing Confidential Information to a Permitted Recipient shall
be liable to the other party for any action by such Permitted Recipient with respect to such Confidential Information which violates the terms of this Agreement. 
 (b) The Servicer Confidential Information also includes “Nonpublic Personal Information” as that term is defined in Title V of the Gramm-Leach-Bliley Act of 1999 (the “GLB Act”)
or any successor federal statute, and the rules and regulations thereunder, and personally identifiable information protected under any other applicable laws, rule or regulation of any jurisdiction relating to disclosure or use of personal
information (“Privacy Laws”). For purposes of compliance with the GLB Act and Privacy Laws, Ocwen and Servicer will comply with the terms and conditions set forth in Exhibit A attached hereto. 

  
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 (c) Confidential Information shall not include information that: (1) is in the public
domain at the time of its use or disclosure through no fault of the Receiving Party or its Representatives; (2) was lawfully in the possession of or demonstrably known by the Receiving Party prior to its receipt from the Disclosing Party;
(3) is independently developed by the Receiving Party without use of or reference to the Disclosing Party’s Confidential Information; or (4) becomes known by the Receiving Party from a third party and, to the Receiving Party’s
knowledge, is not subject to an obligation of confidentiality to the Disclosing Party. 
 (d) If the Receiving Party is requested
or required to disclose any of the Disclosing Party’s Confidential Information under a subpoena, court order, statute, law, rule, regulation, or other similar requirement (a “Legal Requirement”), the Receiving Party will, to
the extent not precluded by law, provide prompt notice of such Legal Requirement to the Disclosing Party so the Disclosing Party may seek an appropriate protective order or other appropriate remedy or waive compliance with the provisions of this
Agreement. If the Disclosing Party is not successful in obtaining a protective order or other appropriate remedy and the Receiving Party is, in the reasonable opinion of its counsel, legally compelled to disclose such Confidential Information, or if
the Disclosing Party waives compliance with the provisions of this Agreement in writing, the Receiving Party may disclose, without liability hereunder, such Confidential Information in accordance with, but solely to the extent necessary, in the
reasonable opinion of its counsel, to comply with the Legal Requirement. Notwithstanding anything to the contrary, a Receiving Party may disclose the Disclosing Party’s Confidential Information as required to satisfy any request by any
governmental or regulatory body. 
 (e) In the event that the Receiving Party learns or has reason to believe that the Disclosing
Party’s Confidential Information has been disclosed or accessed by an unauthorized party, or the Receiving Party’s facilities associated with such Confidential Information has been accessed by an unauthorized party, the Receiving Party
will promptly give notice of such event to the Disclosing Party and cooperate fully with the Disclosing Party or its investigator in investigating and responding to each successful or attempted security breach including allowing prompt, reasonable
access to the Receiving Party’s facility by the Disclosing Party or its investigator to investigate, and make copies of such Confidential Information as provided for in this Agreement. Furthermore, in the event that the Receiving Party has
access to or acquires individually identifiable information in relation to this Agreement, the following shall apply: the Receiving Party acknowledges that upon unauthorized acquisition of such individually identifiable information within the
Receiving Party’s custody or control (a “Security Event”), the law may require notification to the individuals whose information was disclosed that a Security Event has occurred. The Receiving Party must notify the Disclosing
Party immediately if the Receiving Party learns or has reason to believe a Security Event has occurred. The Receiving Party agrees that it will not notify the individuals until the Receiving Party first consults with the Disclosing Party and the
Disclosing Party has had an opportunity to review any such notice. 
 (f) Upon termination or expiration of this Agreement or
upon the Disclosing Party’s written request and where practicable, the Receiving Party will return to the Disclosing Party all copies of Confidential Information already in the Receiving Party’s possession or within its control.
Alternatively, with the Disclosing Party’s prior written consent, the Receiving Party may destroy such Confidential Information using means to protect against unauthorized access to or use of the information, including, where appropriate,
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information, or by taking such other means as to assure that such information may not be recoverable following its disposal. An officer of the Receiving Party will certify in writing to the
Disclosing Party that all such Confidential Information has been returned, or if applicable so destroyed in accordance with this Section 7.1(f). Notwithstanding the foregoing, the Receiving Party may retain copies of such Confidential
Information as required by applicable law, or, to the extent such copies are electronically stored in accordance with the Receiving Party’s email record retention policies, so long as such Confidential Information is kept confidential a
required under this Agreement. 
 ARTICLE 8 
 LIABILITY AND INDEMNIFICATION 
 8.1 Limitation of Liability. Ocwen
and any officers, employees or agents of Ocwen shall be relieved from liability for any action taken or from refraining from the taking of any action in the performance of its duties hereunder and under each Subservicing Supplement with respect to a
Subject Servicing Agreement to same extent that Servicer and its officers, employees and agents would be relieved of such liability under such Subject Servicing Agreement, provided, however, that this provision shall not protect Ocwen
or any such Person against any breach of its representations or warranties made herein or in the related Subservicing Supplement or failure to perform its obligations in compliance with any standard of care applicable to Servicer set forth in such
Subject Servicing Agreement, or any liability which would otherwise be imposed by reason of any breach of the terms and conditions of this Agreement or the related Subservicing Supplement. Ocwen and any director, officer, employee or agent of Ocwen
may rely in good faith on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising hereunder. Ocwen shall not be under any obligation to appear in, prosecute or defend any legal action which
is not incidental to its duties to service the Mortgage Loans and which in its opinion may involve it in any expense or liability. In such event, Ocwen shall be entitled to reimbursement of the reasonable legal expenses and costs of such action to
the same extent and at the same time as Servicer under the applicable Subject Servicing Agreement, unless any such costs result from a breach of Ocwen’s representations and warranties made herein or its failure to perform its obligations in
accordance with this Agreement and the applicable Subservicing Supplement. 
 8.2 Servicer Liability. Servicer hereby
acknowledges that despite any delegation of the servicing duties hereunder to Ocwen, Servicer shall remain obligated and primarily liable under the terms of the Subject Servicing Agreements for the servicing and administration of the Mortgage Loans.

 8.3 Indemnification. 
 (a) Ocwen shall indemnify and hold harmless Servicer and each officer, director, agent, employee or Affiliate of Servicer (each, a “Servicer Indemnified Party”) from any Loss incurred by
Servicer or any such other Person (whether or not resulting from a Third Party Claim) directly or indirectly resulting from (i) a breach of any representation or warranty of Ocwen set forth in this Agreement or any Subservicing Supplement,
(ii) Ocwen’s failure to observe and perform any of Ocwen’s duties, obligations, covenants or agreements contained in 

  
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this Agreement or any Subservicing Supplement; (iii) any acts or omissions by Ocwen or its employees or agents in performance of its duties or obligations pursuant to this Agreement or any
Subservicing Supplement, or (iv) any willful malfeasance, bad faith, fraud or negligence of Ocwen in the performance of its duties hereunder or under any Subservicing Supplement, or the reckless disregard by Ocwen of its obligations or duties
hereunder or under any Subservicing Supplement. In particular, it is agreed by the parties that if Servicer is terminated as servicer under any Subject Servicing Agreement as a result of any action described in clauses (i)—(iv) above,
Ocwen shall also pay to Servicer, as reasonable and just compensation for such termination, an amount equal to Book Value of the mortgage servicing rights related to such Subject Servicing Agreement as of the date Servicer is terminated, and
Servicer shall accept such sum as liquidated damages, and not as penalty, in the event of such a termination. 
 (b) Servicer
shall indemnify and hold harmless Ocwen and each officer, director, agent, employee or Affiliate of Ocwen (each, an “Ocwen Indemnified Party”) from any Loss incurred by Ocwen or any such other Person (whether or not resulting from a
Third Party Claim) directly or indirectly resulting from (i) a breach of any representation or warranty of Servicer set forth in this Agreement or any Subservicing Supplement, (ii) Servicer’s failure to observe and perform any of
Servicer’s duties, obligations, covenants or agreements contained in this Agreement or any Subservicing Supplement; (iii) any acts or omissions by Servicer or its employees or agents (other than Ocwen and its agents) in performance of its
duties or obligations pursuant to this Agreement or any Subservicing Supplement, or (iv) any willful malfeasance, bad faith, fraud or negligence of Servicer in the performance of its duties hereunder or under any Subservicing Supplement, or the
reckless disregard by Servicer of its obligations or duties hereunder or under any Subservicing Supplement. In addition to the foregoing, Servicer agrees to cooperate in good faith and use reasonable best efforts to obtain for Ocwen’s benefit
any indemnification rights under the related Subject Servicing Agreements in the event Ocwen incurs any Losses covered by such indemnification rights, including coverage for loan origination issues and servicing issues related to any prior servicer
or subservicer; provided, however, that Servicer shall indemnify Ocwen for any Losses to the extent such indemnification is not available to Ocwen but is available to Servicer under such Subject Servicing Agreements, and such
indemnification is not applicable to Losses suffered by Servicer. 
 (c) As promptly as is reasonably practicable after becoming
aware of a claim for indemnification under this Agreement not involving a Third-Party Claim, but in any event no later than fifteen (15) Business Days after first becoming aware of such claim, the Indemnified Person shall give notice to the
Indemnifying Person of such claim, which notice shall specify the facts alleged to constitute the basis for such claim and the amount that the Indemnified Person seeks hereunder from the Indemnifying Person; provided, however, that the
failure of the Indemnified Person to give such notice shall not relieve the Indemnifying Person of its obligations under this Section 8.3 except to the extent (if any) that the Indemnifying Person shall have been prejudiced thereby.

 (d) The Indemnified Person shall give notice as promptly as is reasonably practicable, but in any event no later than ten
(10) Business Days after receiving notice thereof, to the Indemnifying Person of the assertion of any claim, or the commencement of any Proceeding by any unaffiliated third Person (a “Third-Party Claim”) in respect of which
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amount of such claim); provided, however, that the failure of the Indemnified Person to give such notice shall not relieve the Indemnifying Person of its obligations under this
Section 8.3 except to the extent (if any) that the Indemnifying Person shall have been prejudiced thereby. The Indemnifying Person may, at its own expense, (i) participate in the defense of any such Third-Party Claim, and
(ii) upon notice to the Indemnified Person, at any time during the course of any such Third-Party Claim, assume the defense thereof with counsel of its own choice and, in the event of such assumption, shall have the exclusive right, subject to
clause (i) in the proviso in Section 8.3(e), to settle or compromise such Third-Party Claim. If the Indemnifying Person assumes such defense, the Indemnified Person shall have the right (but not the duty) to participate in
the defense thereof and to employ counsel, at its own expense, separate from the counsel employed by the Indemnifying Person. Whether or not the Indemnifying Person chooses to defend or prosecute any such Third-Party Claim, all of the parties hereto
shall cooperate in the defense or prosecution thereof. 
 (e) Any settlement or compromise made or caused to be made by the
Indemnified Person (unless the Indemnifying Person has the exclusive right to settle or compromise under clause (ii) of Section 8.3(d)) or the Indemnifying Person, as the case may be, of any such Third-Party Claim shall also
be binding upon the Indemnifying Person or the Indemnified Person, as the case may be, in the same manner as if a final Judgment had been entered by a court of competent jurisdiction in the amount of such settlement or compromise; provided,
however, that (i) no obligation, restriction, Loss or admission of guilt or wrongdoing shall be imposed on the Indemnified Person as a result of such settlement or compromise without its prior written consent and (ii) the
Indemnified Person will not compromise or settle any Third Party Claim without the prior written consent of the Indemnifying Person. 
 (f) Except as specifically provided for in this Agreement or a Subservicing Supplement, no claim may be made by an Indemnified Party for any special, indirect, punitive or consequential damages
(“Special Damages”) in respect of any breach or wrongful conduct (whether the claim therefor is based on contract, tort or duty imposed by law) in connection with, arising out of, or in any way related to the transactions
contemplated, or relationship established, by this Agreement or any Subservicing Supplement, or any act, omission or event occurring in connection herewith or therewith, and to the fullest extent permitted by law, each of Ocwen and Servicer hereby
waives, releases and agrees not to sue upon any such claim for Special Damages, whether or not accrued or whether or not known or suspected to exist in its favor. 
 8.4 Specific Performance. Notwithstanding any other provision of this Agreement or any Subservicing Supplement, (i) it is understood and agreed that the remedy of indemnity payments pursuant
to Section 8.3 and other remedies at law would be inadequate in the case of any actual or threatened breach of this Agreement or a Subservicing Supplement by Ocwen and (ii) Servicer shall be entitled, without limiting its other
remedies and without the necessity of proving actual damages or posting any bond, to equitable relief, including the remedy of specific performance or injunction, with respect to any breach or threatened breach of such covenants. Such relief shall
be in addition to, and not in lieu of, all other remedies available at law or in equity to such party under this Agreement and the Subservicing Supplements. 

  
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 ARTICLE 9 
 TERMINATION AND RESIGNATION 
 9.1 Automatic Termination. Ocwen shall
be automatically terminated as subservicer with respect to each Subject Servicing Agreement on the Schedule Termination Date for such Subject Servicing Agreement unless earlier terminated pursuant to the terms of this Agreement or the related
Subservicing Supplement or renewed by mutual written agreement of the parties hereto, 
 9.2 Termination by Servicer.
Ocwen may be terminated as subservicer with respect to a Subject Servicing Agreement: 
 (a) Upon Servicer’s written notice
to Ocwen following a Termination Event; or 
 (b) At such time, following the related Servicing Transfer Date, that Servicer is
no longer the servicer with respect to such Subject Servicing Agreement. 
 9.3 Limitation on Resignation of Ocwen. Ocwen
shall not resign from the obligations and duties imposed on it pursuant to this Agreement or any Subservicing Supplement; provided that Ocwen may resign as subservicer with respect to any Subject Servicing Agreement upon sixty (60) days
prior written notice to Servicer if Servicer fails to pay to Ocwen any Base Subservicing Fee or Performance Fee with respect to such Subject Servicing Agreement that is required to be paid pursuant to the terms of this Agreement or the applicable
Subservicing Supplement, which failure continues unremedied for a period of ten (10) Business Days after the date upon which written notice of such failure, requiring the same to be remedied, shall have been given by Ocwen to Servicer. No such
resignation shall become effective until a successor servicer or subservicer shall have agreed to act as servicer or subservicer with respect to such Subject Servicing Agreement. Notwithstanding any provision in this Agreement to the contrary, in
the event Servicer has failed to pay Ocwen any Base Subservicing Fee or Performance Fees that are past due after ten (10) Business Days of Servicer receiving notice of such failure, Ocwen may retain such fees from amounts otherwise payable to
Servicer as part of its servicing compensation under the related Subject Servicing Agreements; provided that Servicer shall not have notified Ocwen that it disputes the occurrence or amount of such past due Base Subservicing Fee or
Performance Fee. 
 9.4 Transfer upon Termination. In the event that Ocwen is terminated or resigns as subservicer with
respect to any Subject Servicing Agreement pursuant to this Agreement or the related Subservicing Supplement, Ocwen shall cooperate fully with Servicer and with any party designated as the successor servicer or subservicer in transferring the
servicing to such successor servicer or subservicer at Ocwen’s own expense or, in the event of resignation pursuant to Section 9.3, at Servicer’s expense. On or before the date upon which servicing is transferred from Ocwen to
any successor servicer or subservicer with respect to a Subject Servicing Agreement (the “Subservicing Termination Date”), Ocwen shall undertake all steps necessary or appropriate to transfer, and shall transfer, the servicing of
the related Mortgage Loan(s) to any successor servicer or subservicer, including, without limitation, (i) preparing, executing and delivering any and all necessary or appropriate documents and other instruments (including any

  
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assignments of mortgage), (ii) preparing and delivering appropriate notification and transfer letters (including any notifications with MERS and transferring any applicable tax or flood
certification contracts), (iii) delivering the related servicing files and other Servicing Information, and (iv) creating and delivering to Servicer or its designee any reasonably requested electronic data with respect to the related
Mortgage Loans. Ocwen shall reimburse Servicer for any legal expenses incurred by Servicer to enforce the foregoing obligations of Ocwen. Until the transfer of servicing is complete, Ocwen shall continue to perform under the terms and conditions of
this Agreement and the applicable Subservicing Supplement with respect to such Subject Servicing Agreement. 
 9.5
Survival. All covenants, agreements, representations and warranties made herein or in a Subservicing Supplement shall survive the execution and delivery of this Agreement and each Subservicing Supplement without limitation as to time.
Notwithstanding anything to the contrary in this Agreement or any Subservicing Supplement, the provisions of Section 5.14, Section 5.15, Article 8, Section 9.4 and Article 10 shall survive the
termination of this Agreement or any Subservicing Supplement. 
 ARTICLE 10 

MISCELLANEOUS 
 10.1 Notices. All notices, consents, waivers, and other communications under this Agreement must be in writing and will be deemed to have been duly given: (a) when received, if given in
person, by courier or by a national overnight delivery service, return receipt requested, (b) five Business Days after deposit in the United States mail if delivered by registered or certified mail, return receipt requested, or (c) on the
date of transmission, if sent by facsimile transmission or email transmission (receipt confirmed) on a Business Day during the normal business hours of the intended recipient, and, if not so sent on such a day and at such a time, at 10:00 a.m. on
the following Business Day, provided that a copy is mailed by registered or certified mail, return receipt requested, in each case to the appropriate addresses, facsimile number or email address set forth below: 

 

	 	(i)	If to Ocwen, addressed as follows: 

 Ocwen Loan Servicing, LLC 
 1661 Worthington Road, Suite 100

 West Palm Beach, FL 33409 

Attention: Secretary 
 Telecopy Number: (561) 682-8177 
 Confirmation Number:
(561) 682-8887 
  

	 	(ii)	If to Servicer, addressed as follows: 

 HLSS Holdings, LLC 
 2002 Sumit Boulevard, Sixth Floor 

Atlanta, GA 30319 

  
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 Attention: General Counsel 

Telecopy Number: (770) 644-7420 

Confirmation Number: (561) 682-7130 
 or to such other individual or address as a party hereto may designate for itself by notice given as provided in this Section. 
 10.2 Interpretation. The headings preceding the text of Articles and Sections included in this Agreement and the headings to Exhibits and Schedules attached to this Agreement are for convenience
only and shall not be deemed part of this Agreement or be given any effect in interpreting this Agreement. The use of the masculine, feminine or neuter gender or the singular or plural form of words herein shall not limit any provision of this
Agreement. The use of the terms “including” or “include” shall in all cases herein mean “including, without limitation” or “include, without limitation,” respectively. Reference to any Person shall include
such Person’s successors and assigns to the extent such successors and assigns are permitted by the terms of any applicable agreement. Reference to a Person in a particular capacity shall exclude such Person in any other capacity or
individually. Reference to any agreement (including this Agreement), document or instrument shall mean such agreement, document or instrument as amended or modified and in effect from time to time in accordance with the terms thereof and, if
applicable, the terms hereof. Underscored references to Articles, Sections, paragraphs, clauses, Exhibits shall refer to those portions of this Agreement unless otherwise specified. The use of the terms “hereunder,” “hereof,”
“hereto” and words of similar import shall refer to this Agreement as a whole and not to any particular Article, Section, paragraph or clause of, or Exhibit or Schedule to, this Agreement. References to “dollars” or “$”
shall mean United States dollars. References to the average unpaid principal balance of Mortgage Loans during a calendar month shall mean the average aggregate unpaid principal balance of such Mortgage Loans during such calendar month. Reference to
any statute or statutory provision shall include any consolidation, reenactment, amendment, modification or replacement of the same and any subordinate legislation in force under the same from time to time. Accounting terms not otherwise defined
herein have the meanings assigned to them in accordance with generally accepted accounting principles. 
 10.3 Exhibits and
Schedules. The exhibits and schedules to this Agreement are hereby incorporated and made a part hereof and are an integral part of this Agreement. 
 10.4 Entire Agreement. This Agreement sets forth the entire agreement and understanding of the parties hereto with respect to the transactions contemplated hereby and thereby and supersede any and
all prior agreements, arrangements and understandings, both written and oral, between the parties relating to the subject matter hereof. 
 10.5 Amendment; Waiver. No amendment or modification of this Agreement, and no waiver hereunder, shall be valid or binding unless set forth in writing and duly executed by the party against whom
enforcement of the amendment, modification, discharge or waiver is sought. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way impair the rights of the party granting such
waiver in any other respect or at any other time. Neither the waiver by any of the parties hereto of a breach of or a default under any of the provisions of this Agreement, nor the failure by any of the parties, on one or more occasions, to enforce
any of the provisions of this Agreement or to exercise any right or privilege hereunder, shall be construed as a waiver of any other breach or default of a 

  
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similar nature, or as a waiver of any of such provisions, rights or privileges hereunder. The failure of a party hereto at any time or times to require performance of any provision hereof or
claim damages with respect thereto shall in no manner affect its right at a later time to enforce the same. All rights and remedies existing under this Agreement are cumulative to, and not exclusive of, any rights or remedies otherwise available.

 10.6 Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (OTHER THAN SECTION 5-1401 AND SECTION 5-1402 OF THE GENERAL OBLIGATIONS LAW) AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE DETERMINED IN
ACCORDANCE WITH SUCH LAWS. 
 10.7 Submission to Jurisdiction. EACH OF THE PARTIES HERETO IRREVOCABLY
(I) SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK AND THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK FOR THE
PURPOSE OF ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY MATTERS CONTEMPLATED HEREBY; (II) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH ACTION OR PROCEEDING IN ANY
SUCH COURT OR THE DEFENSE OF AN INCONVENIENT FORUM IN ANY ACTION OR PROCEEDING IN ANY SUCH COURT; (III) CONSENTS TO SERVICE OF PROCESS UPON IT BY MAILING A COPY THEREOF BY CERTIFIED MAIL ADDRESSED TO IT AS PROVIDED FOR NOTICES HEREUNDER OR BY ANY
OTHER MANNER IN ACCORDANCE WITH LAW; AND (IV) AGREES THAT A FINAL JUDGMENT IN ANY ACTION OR PROCEEDING IN ANY SUCH COURT SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN ANY OTHER JURISDICTION BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY
LAW. 
 10.8 Waiver of Jury Trial. EACH PARTY HERETO IRREVOCABLY AND ABSOLUTELY WAIVES TO THE FULLEST EXTENT
PERMITTED BY LAW THE RIGHT TO A TRIAL BY JURY IN ANY DISPUTE IN CONNECTION WITH, ARISING UNDER OR RELATING TO THIS AGREEMENT OR ANY MATTERS CONTEMPLATED HEREBY, AND AGREES TO TAKE ANY AND ALL ACTION NECESSARY OR APPROPRIATE TO EFFECT SUCH
WAIVER. 
 10.9 No Strict Construction. The parties agree that the language used in this Agreement is the language
chosen by the parties to express their mutual intent and that no rule of strict construction is to be applied against either party. The parties and their respective counsel have reviewed and negotiated the terms of this Agreement. 

10.10 Severability. Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to
that jurisdiction, be ineffective to the extent of such 

  
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invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or
provisions of this Agreement in any other jurisdiction, and there shall be deemed substituted for such term or provision at issue a valid, legal and enforceable term or provision as similar as possible to the term or provision at issue. If any term
or provision of this Agreement is so broad as to be unenforceable, the term or provision shall be interpreted to be only so broad as is enforceable. 
 10.11 Assignment; No Third-Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. This
Agreement is solely for the benefit of the parties hereto and their respective successors and permitted assigns, and no provision of this Agreement shall be deemed to confer upon any other Person any remedy, claim, liability, reimbursement, cause of
action or other right. 
 10.12 Relationship of Parties. Nothing herein contained shall be deemed or construed to create
a partnership or joint venture between the parties. The duties and responsibilities of Ocwen shall be rendered by it as an independent contractor and not as an agent of Servicer. Ocwen is not the agent of Servicer, and shall not hold itself out as
Servicer’s agent. Ocwen shall not have the right to contract on behalf of Servicer or present itself to the public as acting on behalf of Servicer, other than as expressly set forth in this Agreement or a Subservicing Supplement. 

10.13 Reproduction of Documents. This Agreement and all documents relating thereto may be reproduced by any photographic,
photostatic, microfilm, micro-card, miniature photographic or other similar process. The parties agree that any such reproduction shall be admissible in evidence as the original itself in any judicial or administrative proceeding, whether or not the
original is in existence and whether or not such reproduction was made by a party in the regular course of business, and that any enlargement, facsimile or further reproduction of such reproduction shall likewise be admissible in evidence.

 10.14 Further Agreements. Each party hereto shall execute and deliver in a reasonable timeframe such reasonable and
appropriate additional documents, instruments or agreements and take such reasonable actions as may be necessary or appropriate to effectuate the purposes of this Agreement. 
 10.15 Counterparts. This Agreement may be executed and delivered (including by facsimile or email transmission) in one or more counterparts, and by the different parties hereto in separate
counterparts, each of which when executed shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement. 
 [Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Master Subservicing Agreement to be
executed and delivered as of the date first above written. 
  

			
	HLSS HOLDINGS, LLC
	
	By: Home Loan Servicing Solutions, Ltd., its sole member
		
	By:	 	/s/ William C. Erbey
	Name:	 	William C. Erbey
	Title:	 	Chief Executive Officer

  

			
	OCWEN LOAN SERVICING, LLC
		
	By:	 	/s/ Ronald M. Faris
	Name:	 	Ronald M. Faris
	Title:	 	President, CEO and Secretary

  
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Subservicing Agreement 
 33 

 EXHIBIT A 
 COMPLIANCE WITH GRAMM-LEACH-BLILEY AND PRIVACY LAWS 
 For purposes of
compliance with (i) Title V of the Gramm-Leach-Bliley Act of 1999 (the “GLB Act”) or any successor federal statute to the GLB Act, and the rules and regulations thereunder, all as may be amended or supplemented from time to time and
(ii) any other applicable laws concerning Personal Information (“Privacy Laws”), each of Servicer and Ocwen represents, warrants and covenants that: 
 Ÿ it will process, use, maintain and disclose Personal Information only
as necessary for the specific purpose for which this information was disclosed to it and only in accordance with the Agreement, the relevant Subject Servicing Agreements, such party’s then applicable privacy policies, the GLB Act, and the
Privacy Laws; 
 Ÿ it will not disclose any Personal Information to any third party (including to the subject of such information) or any Representative who does not have a need to know such Personal Information;

 Ÿ it will
use the same care and discretion as Servicer uses and in no event less than a reasonable standard of care to hold and maintain Personal Information confidential; 
 Ÿ has implemented and will maintain an appropriate written information
security program, the terms of which shall meet or exceed the requirements for financial institutions under the Interagency Guidelines Establishing Standards for Safeguarding Customer Information (12 CFR Parts 30, 170, 208 225 and 364), to
(a) ensure the security and confidentiality of all information provided to it by Servicer, including Personal Information (collectively, the “information”), (b) protect against any threats or hazards to the security or integrity
of information, including unlawful destruction or accidental loss, alteration and any other form of unlawful processing, (c) prevent unauthorized access to, use or disclosure of the information and (d) ensure proper disposal of the
information; 

Ÿ it will ensure
Personal Information is stored and transmitted in an encrypted format, and use commercially reasonable encryption key management, including storing and transmitting encryption keys separately from the Personal Information and other data being
transmitted; 

Ÿ it will immediately
notify the other party in writing if it becomes aware of (a) any disclosure or use of any information by it or any of its Representatives in breach of this Exhibit, (b) any disclosure of any information to it or its Representatives where
the purpose of such disclosure is not known, (c) any request for disclosure or inquiry regarding the information from a third party, (d) any Security Event involving Personal Information and (e) any change in applicable law that is
likely to have a substantial adverse effect on its ability to comply with this Exhibit; 
 Ÿ it will not, and will ensure that its Representatives do not, break, bypass, or circumvent, or attempt to break, bypass or
circumvent, any security system of either party or its respective Affiliates, to obtain, or attempt to obtain, access to any Personal Information or other Confidential Information; 

  
 -A-1-

 Ÿ it will cooperate with the other party and the relevant supervisory authority in the event of litigation or a regulatory inquiry concerning the information and shall abide by the advice of the relevant
supervisory authority with regard to the processing of such information; 

Ÿ it will enter into
further agreements as reasonably requested by the other party to comply with law from time to time; 
 Ÿ it has no reason to believe that any applicable law will prevent it from fulfilling its obligations under this Exhibit;

 Ÿ at
Servicer’s direction at any time, and in any event upon any termination or expiration of the Agreement, Ocwen will immediately return to Servicer any or all information and will destroy all records of such information, and under no
circumstances shall Ocwen withhold from Servicer any Personal Information; and 
 Ÿ it will cause its Representatives to act in accordance with this Exhibit. 

Upon Servicer’s request and at the expense and direction of Servicer, Ocwen shall promptly, within 3 Business Days of Servicer’s request, allow
Servicer to access and copy (by forensic imaging or other process at Servicer’s election) all Personal Information (or such portions as may be specified by Servicer), in Ocwen’s possession or under its control, in an industry standard
format, including logs or other electronically stored information concerning Personal Information or access thereto, and using such media as Servicer directs. 
 Upon request, Ocwen shall provide Servicer with a complete daily backup of all Personal Information, in electronic form, and transmit such backup to the data storage facility specified by Servicer.

 Servicer reserves the right to review Ocwen’s policies and procedures used to maintain the security and confidentiality of information,
including auditing Ocwen and its Representatives concerning such policies and procedures. The provisions of this Exhibit supplement, are in addition to, and will not be construed to limit any other confidentiality obligations under the Agreement or
the Subject Servicing Agreements. Any exclusion from the definition of Confidential Information contained in the Agreement or Subject Servicing Agreements will not apply to Personal Information. 

“PERSONAL INFORMATION” MEANS: (I) PERSONALLY IDENTIFIABLE INFORMATION ABOUT OR RELATING TO ANY MORTGAGOR OR OTHER OBLIGOR ON A MORTGAGE
LOAN, FORMER, CURRENT OR PROSPECTIVE CLIENTS (OR REPRESENTATIVES OF CLIENTS), EMPLOYEE OF SERVICER, OCWEN OR ANY OTHER PARTY WITH RESPECT TO WHOM SERVICER OR OCWEN MAINTAINS INFORMATION, IN EACH CASE, WHICH SERVICER OR OCWEN RECEIVES OR OTHERWISE
HAS ACCESS TO (THE “COVERED PARTIES”); AND (II) ANY LIST, DESCRIPTION, OR OTHER GROUPING OF INFORMATION OF COVERED PARTIES (AND PUBLICLY AVAILABLE INFORMATION PERTAINING TO THEM) THAT IS DERIVED USING ANY PERSONALLY IDENTIFIABLE
INFORMATION. 

  
 -A-2-

 “REPRESENTATIVES” MEANS EACH PARTY’S OFFICERS, DIRECTORS, EMPLOYEES, CONSULTANTS, ATTORNEYS,
ACCOUNTANTS, AGENTS AND INDEPENDENT SUBCONTRACTORS (AND THEIR EMPLOYEES) AND OTHER REPRESENTATIVES. AS BETWEEN SERVICER AND OCWEN, ALL PERSONAL INFORMATION IS AND SHALL REMAIN THE EXCLUSIVE PROPERTY OF THE SERVICER. 

  
 -A-3-

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