AWACSMortgage compliance intelligence from Flightline

Pennymac Correspondent · Correspondent Announcement 26-125 · Published

Pennymac revises Conventional and Government LLPA pricing grids

Pennymac is revising values in its Conventional loan balance adjustment grid and its Government FICO price adjustment grid. The new pricing applies to Best Efforts Commitments taken on or after October 21, 2026.

Review recommendedEffective Oct 21, 2026Checks passed· adjusted automaticallyRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · needs review

Applies to: Best Efforts Commitments taken with Pennymac from October 21, 2026, priced with the Conventional or Government LLPA grids.

Addressed to
Pennymac correspondent sellersFrom the publisher, not quoted from the text
Investor
PennymacFrom the publisher, not quoted from the text
Effective
Oct 21, 2026
Applicability confidence
Needs review: some rows could not be matched to a quote from the source

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
Conventional loan balance price adjustmentChangedNot statedRevised value in the Conv LLPAs loan balance grid

What to do

AWACS interpretation · not source language

What to review: Nothing in this record is marked mandatory, so secondary teams can start by comparing the revised Conventional loan balance adjustment value, along with the revised Government FICO adjustment grid mentioned in the summary, against the values they currently use for Best Efforts Commitments taken with Pennymac on or after October 21, 2026.

QC implications

  • Quality control may check a sample of Best Efforts Commitments taken with Pennymac on or after 2026-10-21 to see whether pricing used the revised Conventional loan balance adjustment value.
  • Quality control may compare commitments taken before and after 2026-10-21 to confirm each one used the grid values in effect on its commitment date.

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, adjusted automatically

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

    • A detail the source does not support was removed or adjusted

  • Requirements backed by the source: Passed, adjusted automatically

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

    • An independent check could not confirm which loans a change applies to; those conditions were removed
    • An independent check could not confirm a detail; it was downgraded, never upgraded

  • 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.