AWACSMortgage compliance intelligence from Flightline

Pennymac Correspondent · Correspondent Announcement 26-113 · Published

Modifications to Conventional and Jumbo Price Adjustments

Pennymac is modifying price adjustments for conventional and jumbo loans under best efforts lock commitments starting September 23, 2026. The Texas fee adjustment has been removed for conventional mortgages, and risk-based pricing grids have been enhanced for jumbo loans.

Review recommendedEffective Sep 23, 2026All checks passedRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: Eligible conventional and jumbo loans registered via best efforts commitments.

Scope differs by change; see each change below.

Addressed to
Pennymac correspondent sellersFrom the publisher, not quoted from the text
Investor
PennymacFrom the publisher, not quoted from the text
Effective
Sep 23, 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
Texas state fee adjustment for conventional loansRemovedNot statedTexas is no longer subject to the fee adjustment specified in footnote nine.
Applies when: Program is Conventional · State is TX

What to do

AWACS interpretation · not source language

What to review: Review updated conventional pricing schedules to take advantage of the removal of the Texas fee adjustment on best efforts commitments beginning September 23, 2026.

QC implications

  • Verify that the footnote nine fee adjustment is no longer applied to conventional best efforts loan commitments on Texas properties beginning September 23, 2026.

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.