AWACSMortgage compliance intelligence from Flightline

Pennymac Correspondent · Investor Announcement 26-109 · Published

Updates to Non-QM Loan-Level Price Adjustments

Pennymac announced revisions to pricing grids for Non-QM loans. The updated adjustments take effect for best efforts locks entered on or after September 16, 2026.

InformationalEffective Sep 16, 2026All checks passedRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: Non-QM loans delivered under best efforts commitments.

Applies when all of these are true
  • ANDPennymac loan
  • ANDProgram is Non-QM
Addressed to
Pennymac correspondent sellersFrom the publisher, not quoted from the text
Investor
PennymacFrom the publisher, not quoted from the text
Affected area
Contracts
Effective
Sep 16, 2026
Applicability confidence
Verified: every row taken from the source text is supported by it; rows marked "from the publisher" are not quoted

Summary by AWACS. Pennymac Correspondent's guide is proprietary, so AWACS does not reproduce its text. Read the official announcement ↗ (opens in a new tab)

What changed

Summarized from the announcement
RequirementPreviouslyNow
Non-QM loan-level price adjustment gridsChangedNot statedRevised grid values apply to Non-QM A-series pricing tables.

Each change applies when all the loan-impact conditions above are true.

What to do

AWACS interpretation · not source language

What to review: Review the revised Non-QM A-series loan-level price adjustment grids taking effect for best efforts locks on or after September 16, 2026.

QC implications

  • Quality control should test that Non-QM best efforts commitments locked on or after September 16, 2026 correctly apply the revised A-series loan-level price adjustment grids.

Source and record

Version 1 · archived

Checks

  • Source verified: Passed

    The document ID, link and publication date match the official source.

  • Quotes match the source: Passed

    Every quoted passage appears word for word in the official document.

  • Requirements backed by the source: Passed

    Anything marked required is backed by the requirement language and dates in the source.

  • In scope: Passed

    The document is about residential mortgage lending.

  • Format and labels: Passed

    The record follows the AWACS format and uses its standard labels.