AWACSMortgage compliance intelligence from Flightline

Pennymac Correspondent · Announcement 26-134 · Published

Pennymac Correspondent Announcement 26-134: Adjustments to Non-QM Pricing Grids

Pennymac revised loan-level pricing adjustments for Non-QM loan products. The updated values apply to documentation types under the Non-QM A+ and Non-QM A commitment schedules.

Review recommendedEffective Nov 6, 2026All checks passedRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: Non-QM loans under best efforts locks on or after November 6, 2026.

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
Programs
Non-QM
Affected area
Contracts
Effective
Nov 6, 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 documentation type adjustmentsChangedNot statedAdjusted pricing grid values apply to documentation tiers on Non-QM A and Non-QM A+ schedules.

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 pricing grid values for documentation types on Non-QM A and Non-QM A+ commitment schedules effective November 6, 2026.

QC implications

  • Quality control should sample Non-QM A and Non-QM A+ best efforts locks on or after November 6, 2026, to verify the updated documentation tier pricing adjustments are correctly applied.

Questions about Pennymac Correspondent Announcement 26-134

When does Pennymac Correspondent Announcement 26-134 take effect?

On November 6, 2026 (Best efforts locks for non-agency programs).

Which loans does Pennymac Correspondent Announcement 26-134 affect?

Non-QM loans under best efforts locks on or after November 6, 2026.

What changed in Pennymac Correspondent Announcement 26-134?

Non-QM documentation type adjustments.

What should QC review after Pennymac Correspondent Announcement 26-134?

AWACS interpretation, not source language: Review the revised pricing grid values for documentation types on Non-QM A and Non-QM A+ commitment schedules effective November 6, 2026. Quality control should sample Non-QM A and Non-QM A+ best efforts locks on or after November 6, 2026, to verify the updated documentation tier pricing adjustments are correctly applied.

Related reading

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.