PHH Alternative Mortgage Trust, Series 2007-1 Sample Contracts

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SCHEDULE to the Master Agreement dated as of Janaury 26 , 2007 between DEUTSCHE BANK AG, NEW YORK BRANCH (“Party A”), and HSBC BANK USA, NATIONAL ASSOCIATION, not in its individual or corporate capacity but solely as Trustee for the Supplemental...
Master Agreement • February 12th, 2007 • PHH Alternative Mortgage Trust, Series 2007-1 • Asset-backed securities • New York

All terms used herein and not otherwise defined are given their meaning in the Pooling and Servicing Agreement for PHH Alternative Mortgage Trust, Series 2007-1 dated as of January 1, 2007 among Deutsche Alt-A Securities, Inc., as depositor, Wells Fargo Bank, N. A., as master servicer and securities administrator, and HSBC Bank USA, National Association, as trustee (the “Pooling and Servicing Agreement”).

ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT
Assignment, Assumption and Recognition Agreement • February 12th, 2007 • PHH Alternative Mortgage Trust, Series 2007-1 • Asset-backed securities • New York

This Assignment, Assumption and Recognition Agreement (this “AAR Agreement”) is made and entered into as of January 1, 2007 (the “Closing Date”), among DB Structured Products, Inc., having an address at 60 Wall Street, New York, New York 10005 (the “Assignor”), Deutsche Alt-A Securities, Inc., having an address at 60 Wall Street, New York, New York 10005 (the “Assignee”), PHH Mortgage Corporation (the “Servicer”) and Bishop’s Gate Residential Mortgage Trust (the “Company”), having an address at 3000 Leadenhall Road Mt. Laurel, NJ 08054, and acknowledged and agreed to by Wells Fargo Bank, N.A., as master servicer (the “Master Servicer”).

MASTER AGREEMENT
Master Agreement • February 12th, 2007 • PHH Alternative Mortgage Trust, Series 2007-1 • Asset-backed securities • New York

have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will be governed by this Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties confirming those Transactions.

MORTGAGE LOAN PURCHASE AGREEMENT
Mortgage Loan Purchase Agreement • February 12th, 2007 • PHH Alternative Mortgage Trust, Series 2007-1 • Asset-backed securities • New York

This is a Mortgage Loan Purchase Agreement (this “Agreement”), dated January 26, 2007, between DB Structured Products, Inc. (the “Seller”) and Deutsche Alt-A Securities, Inc., a Delaware corporation (the “Purchaser”).

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