| Title: | Subordination, Acknowledgment and Pledge Agreement |
| Contract Category: | Subordination, Acknowledgment and Pledge Agreement |
| Summary: | This Subordination, Acknowledgment and Pledge Agreement, dated December 19, 2016, between PNMAC GMSR ISSUER TRUST as Buyer and PENNYMAC HOLDINGS, LLC as Pledgor, establishes collateral security, recourse, subordination, representations, covenants, and rights and remedies in case of trigger events or default. |
| Governing Law: | New York |
| Filer: | PNMAC Holdings, Inc. |
| Parties: | PNMAC GMSR Issuer Trust PennyMac Holdings, LLC |
| Filing Date: | December 21, 2016 |
| SEC File / Film Number: | 001-35916 / 162064279 |
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