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Pennymac Correspondent · Correspondent Announcement 26-63 · Published

Revisions to Conventional Loan-Level Price Adjustments and Pricing Grids

Pennymac announced revisions to conventional loan-level price adjustments for commitments taken on or after June 12, 2026. The modifications improve pricing for second home and investment properties, refresh agency-specific grids, and add structural rows for VantageScore credit scoring.

InformationalEffective Jun 12, 2026All checks passedRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: Conventional loans locked under best efforts commitments on or after June 12, 2026.

Addressed to
Pennymac correspondent sellersFrom the publisher, not quoted from the text
Investor
PennymacFrom the publisher, not quoted from the text
Effective
Jun 12, 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
Conventional loan-level price adjustmentsChangedNot statedPennymac updates conventional loan-level price adjustment schedules, improving values for second home and investment properties, refreshing agency-specific grids, and adding structural rows for VantageScore.

What to do

AWACS interpretation · not source language

What to review: Review the updated conventional loan-level price adjustment schedules effective June 12, 2026, including refreshed agency grids, improved pricing for second home and investment properties, and the addition of VantageScore structural rows.

QC implications

  • Quality control should test conventional commitments taken on or after June 12, 2026, to ensure updated loan-level price adjustments are accurately applied for second home and investment properties, agency-specific grids, and VantageScore scoring.

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.