AWACSMortgage compliance intelligence from Flightline

Pennymac Correspondent · Correspondent Announcement 26-60 · Published

Revisions to Non-QM Loan-Level Price Adjustment Grids

Pennymac announced adjustments to its Non-QM pricing structure for commitments taken beginning June 5, 2026. The modifications affect risk-based, product feature, and prepayment penalty adjustments across multiple Non-QM programs.

InformationalEffective Jun 5, 2026All checks passedRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: Non-QM loans delivered under best efforts commitments on or after the specified June 2026 date.

Addressed to
Pennymac correspondent sellersFrom the publisher, not quoted from the text
Investor
PennymacFrom the publisher, not quoted from the text
Effective
Jun 5, 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 Non-QM loan-level price adjustment grids affecting risk-based, product feature, and prepayment penalty adjustments for commitments taken on or after June 5, 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

    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.