25-131: Updates to Non-QM LLPAs

12/17/2025

Pennymac has updated Non-QM LLPAs effective for all Best Efforts Commitments taken on or after Wednesday December 17, 2025 as follows:

  • Updated the Maryland State adjustment in the “LLPAs by State” grid on the ‘Non-QM DSCR’ tab to a zero adjustment (previously -10.000).

Please contact your Sales Representative with any questions.