AWACSMortgage compliance intelligence from Flightline

Pennymac Correspondent · Announcement 26-55 · Published

Revisions to Non-QM Loan-Level Price Adjustments

Pennymac is modifying loan-level price adjustments for select Non-QM mortgage offerings. The revisions apply to full documentation risk-based pricing and documentation type grids for commitments taken starting May 28, 2026.

InformationalEffective May 28, 2026Checks passed· adjusted automaticallyRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · needs review

Applies to: Non-agency loans sold to Pennymac under best-efforts commitment locks.

Addressed to
Pennymac correspondent sellersFrom the publisher, not quoted from the text
Investor
PennymacFrom the publisher, not quoted from the text
Effective
May 28, 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 to do

AWACS interpretation · not source language

What to review: Review the revised loan-level price adjustments for select Non-QM full documentation risk-based pricing and documentation type grids for commitments taken starting May 28, 2026.

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 loan-impact detail without a supporting quote was removed
    • 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.