0001047469-09-006947 Sample Contracts

FLOW SERVICING AGREEMENT between PENNYMAC OPERATING PARTNERSHIP, L.P., as Owner and PENNYMAC LOAN SERVICES, LLC, as Servicer Dated as of , 2009 FIXED- AND ADJUSTABLE-RATE RESIDENTIAL MORTGAGE LOANS
Flow Servicing Agreement • July 28th, 2009 • PennyMac Mortgage Investment Trust • Real estate investment trusts • New York

This Flow Servicing Agreement (this “Servicing Agreement”) is entered into as of , 2009, by and between PennyMac Loan Services, LLC, a Delaware limited liability company (the “Servicer”), and PennyMac Operating Partnership, L.P., a Delaware limited partnership (the “Owner”).

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