AWACSMortgage compliance intelligence from Flightline

Pennymac Correspondent · Correspondent Announcement 26-44 · Published

Revisions to Non-QM Loan-Level Price Adjustments

Pennymac has announced revisions to loan-level price adjustments for Non-QM DSCR mortgages. These revised pricing grids take effect for best-efforts locks starting April 28, 2026.

InformationalEffective Apr 28, 2026All checks passedRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: Non-QM DSCR loans locked 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
Effective
Apr 28, 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 revised loan-level price adjustment grids applicable to Non-QM DSCR mortgages locked under best-efforts commitments beginning April 28, 2026.

QC implications

  • Sample best-efforts locks on Non-QM DSCR loans taken on or after April 28, 2026, to verify that the revised loan-level price adjustments are applied correctly.

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.