0000882377-07-001376 Sample Contracts

PHH MORTGAGE CAPITAL LLC PHHMC Mortgage Pass-Through Certificates, Series 2007-2
Agency Agreement • May 10th, 2007 • PHHMC Series 2007-2 Trust • Asset-backed securities • New York

PHH Mortgage Capital LLC, a Delaware limited liability company (the “Depositor”), proposes to engage you (also referred to herein as the “Agent”) as placement agent, on a best efforts basis, only pursuant to this Agency Agreement (the “Agreement”), for all of the PHHMC Mortgage Pass-Through Certificates, Series 2007-2, Class A-1, Class A-2, Class A-3, Class A-4, Class B-2 and Class B-3 Certificates (collectively, the “Certificates”), having the aggregate principal or notional amounts and Pass-Through Rates set forth above. The Certificates, together with the Class A-5, Class A-6, Class B-1, Class B-4, Class B-5 and Class B-6 Certificates (collectively, the “Private Certificates”) and the Class R-I Certificates and Class R-II Certificates (together, the “Class R Certificates”) of the same series, will evidence the entire beneficial interest in the Trust Fund (as defined in the Pooling and Servicing Agreement referred to below) consisting primarily of a pool (the “Pool”) of conventional,

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