AWACSMortgage compliance intelligence from Flightline

Pennymac Correspondent · Correspondent Announcement 26-136 · Published

Pennymac Correspondent Announcement 26-136: Revisions to Conventional and Government Price Adjustments

Pennymac announced adjustments to loan-level pricing grids for both conventional and government loans. The modified adjustments take effect for all best efforts commitments secured on or after November 10, 2026.

Review recommendedEffective Nov 10, 2026Checks passedRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: Loans locked under best efforts commitments on or after November 10, 2026.

Addressed to
Pennymac correspondent sellersFrom the publisher, not quoted from the text
Investor
PennymacFrom the publisher, not quoted from the text
Programs
Conventional, FHA, USDA, VA
Effective
Nov 10, 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 to do

AWACS interpretation · not source language

What to review: Review the updated conventional and government loan-level price adjustment grids applicable to best efforts commitments secured on or after November 10, 2026.

Questions about Pennymac Correspondent Announcement 26-136

When does Pennymac Correspondent Announcement 26-136 take effect?

On November 10, 2026 (Best efforts commitments).

Which loans does Pennymac Correspondent Announcement 26-136 affect?

Loans locked under best efforts commitments on or after November 10, 2026.

What should QC review after Pennymac Correspondent Announcement 26-136?

AWACS interpretation, not source language: Review the updated conventional and government loan-level price adjustment grids applicable to best efforts commitments secured on or after November 10, 2026.

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.

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

  • 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.

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