AWACSMortgage compliance intelligence from Flightline

Pennymac Correspondent · Investor Announcement 26-131 · Published

Conventional Loan-Level Price Adjustment Grid Revisions

Pennymac is modifying its conventional loan pricing grids for best efforts commitments locked beginning November 3, 2026. The modifications include updated values for occupancy categories and restructured Fannie Mae and Freddie Mac adjustment tables.

Review recommendedEffective Nov 3, 2026All checks passedRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: Conventional mortgages delivered under best efforts commitments.

Addressed to
Pennymac correspondent sellersFrom the publisher, not quoted from the text
Investor
PennymacFrom the publisher, not quoted from the text
Programs
Conventional
Affected areas
Data; Products
Affected documents
Pricing schedule
Effective
Nov 3, 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
occupancy-based loan-level price adjustment scheduleChangedNot statedrevises the structure and values within the occupancy fee grid
agency-specific price adjustment gridsChangedNot statedrestructures adjustment tables specific to Fannie Mae and Freddie Mac

What to do

AWACS interpretation · not source language

What to review: Review the revised occupancy fee values and restructured Fannie Mae and Freddie Mac adjustment tables applicable to conventional best efforts commitments beginning November 3, 2026.

QC implications

  • Quality control may verify that conventional best efforts commitments locked on or after November 3, 2026 correctly apply the revised occupancy fee schedule and restructured agency 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.