09/09/2024
Pennymac will update Conventional LLPAs effective for all Best Efforts Commitments taken on or after Tuesday, September 10, 2024 as follows:
- Rename the “Risk Based Price Adjustments – FRM” grid to “Risk Based Price Adjustments”
- The “Risk Based Price Adjustments” grid values will apply to all amortization types, including adjustable-rate mortgages, and no longer be exclusive to fixed-rate mortgages.
Please contact your Sales Representative with any questions.